Tuesday, October 7, 2008

online trading service

The key point to look for with automated Forex trading systems is:

Is the track record real money or just a simulated back test on paper?

Now you would have thought that if you see a record claiming profits it would be real money in the market but go to

the bottom of most of the systems sold online and you will see the words "simulated in Hindsight" and "hypothetical"

in the disclaimer.

Now it's pretty obvious anyone can make a track record look good, when they have all the facts to hand, anyone can

make money if they have tomorrows closing price today but that's not real life. Many of the Forex trading systems

have track records that are better than the world's top fund managers and you can buy them for $100 or so!

If it looks to good to be true it is and you don't get financial freedom for $100.00.

Most vendors simply bend there system rules to the data to show a profit backwards and of course, when the user

trades forwards it's a lot harder and you cant bend the rules and the trader swiftly loses his money.

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