Forex day trading systems are popular and there are numerous ones for sale on the net and they make big claims but never have a track record that's real, its always simulated in hindsight - why don't they make money lets find out...

Here is the disclaimer you always see and it's not worth the paper it's written on in terms of helping you make profits:

"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".

All the track records you see on day trading systems carry this or a similar disclaimer.

All it means is - the vendor can make money by having the closing prices to hand and simulate (make up) an appealing track record. You never see a simulation lose! The reason is you, me or my seven year old niece, could make money knowing the closing prices.

Of course this is why these systems never make money, because in real life you have to trade not knowing the closing prices!

You have to wonder why any forex trader would buy a forex trading system from a vendor, when the vendor hasn't got the confidence to trade it himself - but they do, in huge numbers and are blinded by greed and fear.

So why doesn't day trading work?

Common sense really, you have countless millions of forex traders who all think differently and this vast diverse mass make the price. You can't possibly hope to measure what such a diverse base of people will do in a day or less.

Anyone who says they can - ask for their real long term track record to prove it.

Volatility is random in short time frames and as prices can go anywhere in a day session, therefore you can never get the odds on your side and never win.

How to Win

If you want to make money at forex trading do not base your forex trading strategy on day trading. If you want to win either, swing trade and look for moves lasting between a few days and around a week or long term trend follow.

Both the above can work day trading doesn't.

So leave forex day trading systems to the nave and greedy traders who think forex trading is easy - go and get yourself some sensible forex education and trade longer term for forex success.

NEW! FREE PDF REPORTS
CATCH THE BIG TRENDS NOW!

Get free essential trading Pdf's on catching the big profits from the big moves and a best Forex Trading systems visit our website at: http://www.forextrendfollowing.com

Make Money and Be Successful in Forex Trading
To a newbie learning Online Forex Trading, it looks very simple in the beginning. Take currency pair EURUSD for instance, if you bullish on Euro, simp...

Forex Trading Software - Which One To Choose?
Forex Trading Software and Forex Trading Systems are programs designed by currency trading experts, which interpret data from the marketplace and favo...

Forex Trading System - Choosing the Right System
There are many Forex trading systems available for purchase online, and many traders are confused about which one is the best. In this article, allow ...

Best Forex System - Beware of Backtesting!
What is backtesting?Backtesting is essentially the testing of a trading system using historical market prices, to see how profitable that system can b...

Breaking Down The Forex Mechanical System Trading
A variety of trading strategies are available to make the currency investment a successful venture. Which strategy is to be adopted by you while you t...

Forex Trading Systems - Curve Fitting - Danger to Your FX Profits, Spot it or Lose!
Most Forex trading systems and I would say about 99% lose money and one way to spot the good trading systems from the losing majority is - to look for...

Forex Trading System - Beware of This When Choosing One!
There are a lot of forex trading systems for sale and most are junk. You can find out if a system is likely to make you money by looking at one key fa...

Currency Trading System - Tips On Getting One for Profit
There are numerous currency trading systems for sale online but 95% of them are junk. There are some good ones out there and they can make you great p...

Currency Trading System - 2 Points to Check For Finding a Profitable One
The online forex trader has plenty of currency trading systems to choose from but how do you find one that can make you big gains? If you follow the t...

A Profitable Trend Forex System
The goal of every forex trader is to be able to generate enough money from his trading account so he can make a living from this activity. And conside...

Forex Trading System - A Simple, FREE Profitable One for Big FX Profits
If you want to buy a mechanical forex trading system there are plenty on the net that you can buy but 99% of them don't work as they have never been t...

Currency Trading Systems - 100% Have Track Records Of Profits 99% Lose Why?
Don't they look wonderful? All those currency trading systems promising you a regular income, with no effort and just a few hundred dollars! The vast ...

Forex AutoPilot System Review - Proven Forex Trading System?
Forex AutoPilot System is the latest release in a string of forex robot product releases. The foreign exchange market is a fantastic way to make money...

Forex Trading Systems - Scientific Theories for Predicting Price
Human nature is constant and humans determine the price in any market, therefore if you know the law of human nature you have a scientific theory you ...

Forex Trading - Can Anyone Succeed?
Can anyone succeed in forex trading? Absolutely - as long as that person has the ability to accurately predict market swings and trend, and act upon t...

Personal Finance Advice | RSS 2.0 | Closed.