Forex Systems are Useless
7 April 2007
One Comment
In case you did not read the headline I will say it again: Forex Systems are useless.
I think I have spent enough time to learn that it’s not the system, it’s the trader. All you have to do is Google forex system and you will have over 1.7 million results. Really? Can there really be over 1.7 million forex systems out there that work?If you live in America you have seen them 4xmade easy, esignal,2k per week in forex, ; Come on. This is a great way to do forex scams.
All I have to do is tell you that I am a millionaire please buy my system. And if 100 of you buy my system for 50 bucks ,I have 5k and paid for my car.Ok not my car , his car.I learnt the hard way and in case you forgot, my wife left me because I used to spend all my money on forex. Fine now she is the loser but I am still paying spouse support so she’s fine.Before you get too excited about forex a few facts. Not the ones that i have read about but the ones I have lived with.
- I am the only forex trader from the original 10 I knew who still trades.I hear it’s a 90% losing proposition, I am the 10%.
- patience pays.I have honestly lost money I could not afford to loose because I ‘believed ‘ the trade was fantastic. I don’t believe anymore. I just trade.
- Most system sellers are forex scams.They really are. I will not say more.Just find out for yourself.
- I never became rich from forex, I just bought time. That was the hardest lesson. I have more time that I can do whatever I want to do. Do you?
I will end this topic here as I am still recovering from last weeks issues. But think about it.
[...] Posted by niatrading as Forex Reviews No TagsOne of the most difficult things that a new trader has to do is to get a winning track record with his trading system.I know I have said that forex systems are useless ,but it would be worse for you without one. Any trading system is better than guessing. The goal should be to come up with your own trading style. It takes time to come up with your own forex trading plan. In the mean time the new trader should concentrate on getting an education either through forex forums,forex books and reading from other forex blogs. I came across one such blog. Daily20pip.I have listed this as one of my 4x made easy systems. I like the site as it has a very simple forex system that one can follow and it’s free. It’s a set and forget trading system and very good for those that have a problem waking up those funny 2am hours in the usa. The system results are very good for a set and forget system .I have not seen a losing month with them. [...]
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