Welcome to Pagoo!
PagooLABS is an education and laboratory site for foreign currency (forex), futures and options markets. Pagoo encourages you to develop a system of trading and shows you how to go about building your own. In a system you will profit even if a particular trade fails. Unlike most other finance related sites, Pagoo does not advocate a particular trade setup, based for example on crossing moving averages or doji, although you are encouraged to continue using whatever method works well for you.
It's not the method that's important, it's the system
Instead we will lay out a trading system that makes your preferred method more profitable:
- Identify and trade with the trend
- Employ proper money management on each trade, never risking more than a small percentage of your available funds.
- Place stops and set price targets to limit your risk and profit from wins.
- Place a trade whenever the trend resumes after a pause or retrace.
We call it "Playing A Game Of Odds", or Pagoo.
Know when to hold 'em, Know when to fold 'em
That's all there is to it so, you are no doubt asking, "Why do we need a whole web site with state of the art social media?" Because, despite the huge fortunes some seasoned professionals make, the majority of traders lose money in these markets. In fact, it gets uglier. Most traders make a regular donation of their hard-earned money to other traders who already know these tricks. Like a professional card player, you have to live and breathe the lines Kenny Rogers sang: know when to hold 'em, know when to fold 'em.
In fact, trading these markets throws you into a battle against some of the cleverest, hardest working traders in the world. You will need to take this job seriously and be on the same winning side of trades as the experts. We hope to build a community of traders here on Pagoo who can guide newer members through the hazards that all traders face down on a regular basis.
Whenever we apply our system we will lay out the data so you yourself can test the method. There will be no hidden systems or secret tricks. Everything will be testable and you will be encouraged to challenge and confirm the results for yourself.
PagooLABS is a trader education site. We will not be advocating a particular trade or front running you in the market place. Nor are we affiliated with any trading firm or brokerage. We will be showing you how to identify the trades for yourself.
The first thing to do is to sign up. Accounts are free and will remain free for our early adopters. We reserve the right to restrict access by non-members after a certain introductory time period.
Once you are a member, head over to the Education forum and poke around in the stories and topics that seem most helpful. New users should start with the educational materials on Setups and Systems:
Introduction to Setups
Introduction to Systems
And we're just getting started too!
Finally, the site is still under construction and is going through the normal growing pains. Please be patient with any errors and mishaps you come across because we have some exciting features to add in the coming months.