To buy or not to buy a Forex system: digging deeper into the logic. I’tekken cyrox forex now sitting and thinking yet again about Forex systems that are out there for sale.
Forex trading systems that don’t perform as claimed! In case you don’t know, scammers are skillful sales people. A bit of philosophy will follow. So, if you don’t like it, you may leave the class. Here is the logic as I see: Why would you sell a trading system that makes thousands or even millions in the Forex market? May be my students know the answer? The closest answer I’ve met and which can be believed in is that a Seller himself is a trader, and in his trading he has ups and downs.
Thus he decides to share the system in order to cover for those periods where he is less profitable or even unprofitable. At least he acknowledges that he is not a wizard and can lose a trade or two. It is a pretty fair answer. But we are not finished yet. I’m asking you, where is the LOGIC? A seller himself cannot make profits that would suit him, so he tries to sell his system to cover up for the losing months, and YOU, using the same system want to profit more? A Holy Grail System will never be sold.
It is a machine for making money, which doesn’t need a cover-up from other income sources! After trying and failing with the best systems they have bought, many Forex traders become more aware of new Forex products that come into the market almost every week now. But until there is a demand for such get-rich-quick scams the scammers’ business will boom and blossom. Consider yourself lucky if you manage to buy a system that’s been developed from scratch and traded live at least for a year. Majority of Forex systems out there are either duplicating already existing and available for free strategies or are turned into expert advisors – this is even worse.
Anything can be coded into it, even a system you read about on a forum last week. Have your own brains, don’t buy Forex systems! I can say is try my magic rainbow. Why not to sell a profitable idea in order to profit even more? It can be done almost robotically on the Internet. Selling systems maybe even easier and more profitable than trading.