What is a forex system that just works?
April 17th, 2009 | by admin |
condaleeta rice asked:
Is there such a thing? After trading for 5 years I can honestly say I am yet to come across a system that just works consistently. If losing money isn’t bad enough, I have spent my my last 5 years reading the forums and meeting so many losers and scammers. I am starting to beleive the whole business is a scam.
Juanita
Is there such a thing? After trading for 5 years I can honestly say I am yet to come across a system that just works consistently. If losing money isn’t bad enough, I have spent my my last 5 years reading the forums and meeting so many losers and scammers. I am starting to beleive the whole business is a scam.
Juanita
7 Responses to “What is a forex system that just works?”
By enoriverbend on Apr 20, 2009 | Reply
Johanna
Congratulations! You have found enlightenment after your 5-year struggle!
It’s not that Forex Is A Scam in itself, but it does seem to attract as many scammers as, say, penny stocks. There is no system that is sold on the open market that will make you consistent, reliable money.
For one thing, unlike stocks, forex is truly a zero-sum game, where every winning trade has a losing side to it. (Stocks overall have a genuine positive return, because businesses on the whole make money over the long term.)
If you think about it, it only makes sense that the systems being marketed cannot work reliably. If there was any kind of publicly available knowledge that would give you an ‘edge’ in the forex marketplace, it would be quickly known to the pros, and they would take advantage of it, so that the advantage would disappear. Forex Markets are very efficient in this way.
The only reliable winners in forex are the ones that run the system (brokers, etc.) and perhaps the people that market the forex systems that don’t work. There are extremely talented pros that can make money, but they have advantages that you don’t, and they are not the ones developing these “systems” you can buy.
By edgetrader on Apr 22, 2009 | Reply
Katheryn
c r:
There are ways of making money in any market,
consistently, including in currencies.
Not making money after five years is like someone
who says they have 20 years’ experience on a job,
when it is really one year’s experience repeated
20 times.
Reading forums is not a panacea for successful
trading. Understanding how markets behave, is.
Most on forums are ego-driven with little substance
behind them, and little success, as well.
Why would you expect anyone to share with you
what takes years to learn? And so few do actually
take the time to learn. They want to be spoon-fed
with answers, and because they have none, they
believe answers do not exist.
No, the business is not a scam, and yes, most do
lose, but you must understand that those who lose
simply do not understand what to do and when.
Most think it is easy to just buy and then sell at a
profit.
The markets are not a zero sum game, and brokers
earn commissions; they are not on the other side of
every trade.
The hardest part of trading is not in just having some
kind of system. The hardest part of trading is one’s
psychological predispostion. How many people
tell you that is more important.
One can still lose with a successful “system” if they
are psychologically deficient in discipline and
understanding of what they are doing. Trust me,
I have seen a lot of people fail for that very reason.
If I were to tell you to first define the market trend,
in whatever time frame you are in, know what the
trend is in the higher time frames, as well, and then
only trade in harmony with that trend, your odds of
success would increase dramatically.
You would not be guaranteed to make money,
but you are far likelier to if you followed that
one, simple rule.
Day-trading is a sucker’s game, unless you are
a professional trader who knows what he/she is
doing, and has a rigid set of disciplined rules.
Just because you have not discovered some of
the many ways to make money does not mean
that the business is a scam.
Few, and I am guessing you may be included,
treat trading as a business, with a highly
defined plan.
There are proven ways to make money consistently.
Believe it or not.
By ki k on Apr 24, 2009 | Reply
Angelita
I have 5 years in Forex Trading and all is described in my blog. If you have a little time review it.Hope it will help you
By Husla3x on Apr 26, 2009 | Reply
Chrissy
I am pretty sure you have already heard about Fap turbo 100 billion gazillion time…. it’s still the right answer. It really works, maybe better for those who are more noob but for anyone really. I like it beter than day trading robot and it does seem to have everything you need when you finally figure out you need it. I really learned from this program, imagine that. And also a piece of software doesn’t steal your money and call all the time with dumb questions and complicated concepts.
By Hassan on Apr 26, 2009 | Reply
Salvatore
I think the system that just work, suppose to work with you, what works with X may or may not work with Y, I worked with different kind of systems, but lately I found forex pattern is much much better for me, if you didn’t try it before, read more about it, it could work fine with you.
By Young J on Apr 30, 2009 | Reply
Chrissy
A SHOCKING REVIEW OF A SYSTEM THAT WILL MAKE YOU RICH.
Go check out the other Forex systems first. And see if you make any money.
This one is the real deal. I know of people who have turned dollars into 1000′s over night.
By today's net on May 2, 2009 | Reply
Dustin
Forex Trading is like any other form of business. If you keep on thinking the forex systems you see are magical and will make you heaps of money then you are likely to fall for lot of scams.
For me, I had to learn forex trading the hard and traditional way for a number of years. So when all the new forex systems came up like those on autopilot systems, I was really skeptical and I refused to believe that new comers can trade just like that whilst I had to “learn” the trade the hard way.
But I did find that some of these new forex systems do work in the sense that I made money consistently with them over periods of months. But i generally will not jump in just like that. I still test on paper and try to familiarize myself so that I know how to make the most of the Forex Software.
So whilst there are scams there are also forex systems that make money. I found Forex Killer my favorite for generating Forex Signals. Still makes money for me. Another one I like is Forex Automoney. I find the membership really helpful.