Day Trading On Line Systems - How to Make Big Profits and A Regular Income
- Author Monica Hendrix
- Published April 13, 2008
- Word count 572
Day trading online systems are probably the most common introduction for novice traders in forex stocks and commodities and there are plenty of day trading systems for sale lets look at them, the best ones and how they can make regular profits...
Day trading systems online offer a simple solution all you do is buy a ready made package and simply follow the trading signals. There are many systems that have outstanding track records which we will look at next.
The first point to keep in mind when looking at day trading systems is - to understand that most have never been traded in the market. There unproven, as all the gains are simulated in hindsight and that's easy! If you see a track record of profits, chances are it will carry this warning from the vendor - here it is:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Now you may be thinking that if the system is so good then why has it never been traded? You'd to Right!
The fact is anyone can make money when they know the closing data - but that's not the real world of trading and you don't have the luxury of hindsight.
The reason these systems have never been traded is simple - they don't work and of course if you think about it, its pretty obvious, as if the systems were so good the vendors would need to share them with you for a few hundred dollars!
Most day trading systems online are not sold by traders but by marketing companies, looking to make money by using clever copy, a simulated track record and appealing to greedy or naïve traders. These traders lose all their money in the market and the vendor makes a guaranteed profit.
You may say there must be some day trading systems that make money?
Well, try and find one; I have been looking for 25 years and never found one yet!
The reason you won't find a long term track record of gains is simple - day trading doesn't work longer term, as all short term volatility is random, you can't get the odds in your favour and you can't win.
If you think about it, there are millions of forex traders who make the price and you cannot judge what this mass, diverse group of people, are going to do in just a few hours - it's impossible.
If you want to win at forex trading (or in any other trading medium) forget day trading and forex scalping systems and base your forex trading strategy on longer term data, where you can get the odds in your favour.
Forex trading offers you a great opportunity to make money and you can win - but you won't if you use day trading systems online, which are sold with simulated track records. So look longer term, trade the odds and enjoy forex trading success.
NEW! 2 X FREE ESSENTIAL TRADER PDFS
For free 2 x trading Pdf's with 90 of pages of essential info on Forex Trading Systems visit our website at: http://www.learncurrencytradingonline.com
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- SCOFI: Pioneering Venezuela’s Petroleum Industry for Over 65 Years
- To Understand Risk, Start By Asking What You Don’t Know
- How To Make Money On Binance: A Full Guide
- Airbnb Investment 101: Tips for New Hosts in Australia
- Indian Gold Demand Rebounds During Important May Festival
- The Investment Terrain in Crypto, Blockchain, and Web3
- Exploring Bitcoin: Corporate Giants Embrace the Cryptoverse
- The Significance of Static IP Address for Trading
- TYPES OF FOREX REGULATIONS
- Weekly Events: Avalanche & Chainlink Collaboration, CommEx Closure, And More
- Assani Elolo Ronaldo - How Bank Instruments Facilitate Gold Deals
- Crypto News: Mempool Solana Shuts Down, Police Integrate Cardano Into Their Work, WhiteBIT And FC Barcelona Launch New Course
- Is Crypto Entering 2021 Vibes?
- Bitcoin Updates All-Time High In Momentum Amid Its Scarcity
- Analyst Announces Bull Run Start, Cites Stock-to-Flow Strategy
- Weekly Crypto News: Telegram Pays Toncoins, WhiteBIT Is Now TradingView Broker And More
- undetectable banknotes
- Unlocking Financial Success: Why Successful Portfolios LLC is Your Best Advisor
- Are EVs a Threat to the Republic?
- A Deep Look Into Binance: Can It Really Be Trusted?
- Ledger Live - Most Trusted & Secure Wallet - Ledger
- Decoding the Future: Navigating the Crypto Landscape
- Don't Cry for Me General Motors
- Investing in exponential growth stocks: what can you choose
- Leveraging ChatGPT AI for Smarter Stock Market Analysis and Investments
- Shib, Doge, and Pepe Have a New Competitor: The Rise of $FUFU Token
- Unlocking Wealth: The Power of Apartment Syndication in Real Estate Investing
- 6 Reasons to Invest in Bitcoin
- Blockchain and AI Convergence: A New Era of Innovation
- Financial Planning for Small Business Owners: Tips for Success