Day Trading Systems ? 1 Tip You Need To Find A Profitable One

So, you're thinking of buying a day trading system? Well there is one way to find out if it works and here it is:

Ask for the real time track record.

That's how many real dollars has it made, in the market for the seller, over the long term 2 years.

Ask for it and we can guarantee you won?t get one.

Why?

Because day trading doesn?t work and is based upon logic that is flawed.

You may get some testimonials (lucky traders after a couple of trades or friends) or a hypothetical track record of the day trading system.

Let's consider what hypothetical means ? In hindsight.

That's right, you can look at previous price history and make a track record up knowing where prices have been!

Well that's really hard, a child could do that

If I knew the closing prices would I make money?

UMM Hard question.

Why are there so many day trading systems sold?

Because, they appeal to the greed and ignorance of people and who don?t ask the obvious question:

Have you ( the vendor) made money?

Of course they haven?t, why would they sell it? For 50 ? 100 dollars?

Day trading system vendors tend to fall into 2 categories:

1. Good writers (they know how to write great copy but have never traded) and know how to appeal to greed.

2. Failed traders or brokers, who know the language, sound knowledgeable, but can?t make money.

Why don?t day traders make money longer term?

Well the logic it is based on is dumb.

Let's see.

We have trillions of dollars traded everyday and yet they think they can pinpoint ranges within a day or a few hours when these moves are proven to be random - yeah right.

Stops

Are to close, volatility catches them out and they lose more than they win.

That would not be so bad if they could run their profits to cover the majority of losses they take.

Can they do this?

Of course not!

Their grateful to scalp a few points, however these never make up for the huge losses they incur.

The result with forex day trading systems?

A wipe out of equity.

If you don?t believe the above, ask for the real time track record over the longer term, audited, of their own accounts making money and you won?t get one.

Conclusion is: Don't use a day trading system.

Read More

Forex Trading 101 - What Is Selling And Buying

Maybe it's the case in your country too, many people want to make a new profitable income from the Forex marketplace. People like you and me want to do it, large corporate want to do it. In fact, most of the institution like banks and insurances make millions on this currency trading marketplace. But for ordinary people, this is a good way to make a home-business at home, easily and without spending too much money at the beginning and without losing your current lifestyle.

If you speak with any traders, you will shortly know that the Forex market is one of the most profitable marketplaces out there. Without the internet, this huge money-making marketplace would always be the sole domain of large institutions. In the USA, for example, we can name the Federal Reserve Bank. They make money for themselves with your money and then they give you nothing back. Now, you can simply go online, open an account and shoot for your first currency trading. One important point you have to know is that those large companies are making tons of money because they can invest your money; I mean millions and billion of dollars. However, you can take your share, and you must take your share now because with a limited investment you can start making a 3 or a 4 digit your very first month...

... The only things you have to know or to follow are 2 or 3 tactics to master. You see, it can be a new stable source of income for you and for your family.

As the Forex marketplace is a colossal market with billions of dollars traded every single day by large institution, you can bet that they want a lot of money. That's the main reason why there are very few commissions and fees on this market. It is not the same thing as the stock market. You do not have fees for that and fees for this. You only pay a commission on your bids.

You have 5 popular currencies: Swiss Franc, Euro, British Pound, Japanese Yen and the US Dollar. We can say that today those five currency accounts for 60% to 70% of North American trading. You have many choices when you enter the Forex market. We can also name other currencies like the Canadian, New Zealand or the Australian Dollars.

Buying means that you acquire a currency from a selected currency pair to open the trade and selling short means selling a particular currency to open a trade. When you buy, the currency pair has to increase with time to make a profit (you buy cheap and sell high, as they say). If we take the example of selling short, we are going to make money when the currency pair decreases with time. When this is the case you bought it back at the new price. At this moment, you can sell the currency at your previous price when you had opened your trading. Your profit is the difference between your short selling and your buying. I know it can be confusing but when you will be in front of your Forex chart and in front of your bank account it will look much simpler.

Read More

Trading Robot - Is It A Scam?

Many people when being told that they are able to earn over a $1000 dollars in a day or as much as $10,000 or more in a week would automatically scream scam (unless of course they knew what day trading was all about). I know I would. So, obviously upon running into the website for Trading robot, this was the very thing that ran through my mind. Then something happened. I watched the video on the homepage and learned exactly how it worked and how it made people this type of money.

What exactly is the Day trading robot?

Well, actually it is a piece of software that costs over $112,000 for a 1 year license. Now before you go screaming, yeah right, I am here to tell you that you are not being offered this software, so don't worry, you don't have to come up with that large sum of money to benefit from the Trading robot. Instead, you are being offered a Newsletter that provides you with penny stock picks selected from this piece of software that costs so much at a much affordable price which is less than $100.

If you go on the website and watch the video on the performance of this software, you will understand why you would want this robot picking your day trading stocks for you. That's because this robot has repeatedly picked stocks that have gone up 300% in a single day. If this seems unreal to you, well that's understandable, but that is exactly what you see happening in the video.

Now is this to say that everyday is going to be a 300% day? Probably not, but it really doesn't take too many of these days to become wealthy now does it? Some other benefits the Trading robot newsletter offers people in day trading is it saves you a great deal of research time so you do less work and make more money. Also, it has a very high success rate so you know you will be making money and lots of it.

There is also no risk to using this newsletter either because it comes with a 100% satisfaction guarantee. You have a full 8 weeks to try it and see the amazing results for yourself and for any reason you are not happy with it, you get a full no questions asked refund of your money.

What does this mean? This means you get to try out these Trading robot stock picks for 8 weeks to see how effective this newsletter is. If you are afraid of losing money, then simply test the picks out without investing any of your money to see how accurate the picks are. Now, any person who is experienced in day trading will tell you that this is quite the deal.

Read More