There are some good solid trading systems out there though with real track records and if find the right one and
incorporate it in your Forex trading strategy you will enhance your long term profitability.
Forex day trading and scalping is promoted heavily online and the objective is to -keep losses small and earn a
regular income. This is the dream the reality is a swift wipe out of equity for the reason that is enclosed.
Ask yourself this simple question:
There are millions of traders all over the world and there all using different Forex trading strategies, all have
different aims, skill levels and are influenced by their emotions, so how do you decide what this mass of people are
going to do, in a few hours or minutes?
The answer is of course, you can't! its rubbish to say you can and the facts simply do not support this view. All
volatility in these short time frames is totally random, so you can't use support and resistance levels, can't get
the odds in your favour and sooner or later, you are going to lose all your money.
Ok you maybe saying but I have seen the track records of Forex day trading systems sold by vendors and they show a
profit. Sure they do - but check the disclaimer and risk warning and you will see there not based on real time
trading, there simply a back test over historical data.
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