Buying a Forex system or trading signals to help you practice…


To my subscribers: I’m working on new important topics, but these are the actual hot burning questions nowadays I can’t pass by in silence:

Got a question from one of my readers and decided to separate it into a topic (the answer happen to be too large).
So, here we go, many of you probably had or have the same question now.

“…I really want a make a fortune from forex. Will you advice me to subscribe for forex signals or buy a forex autopilot/robot alongside my practice. From your experience in forex which of the companies/website can you recommend that I subscribe for signals, and which robot is the best. Thank you my friend.”

Ahgrrrr… Don’t buy any stuff!
You should learn to trade on your own!
Signals won’t help you, you’ll only become a slave of them executing orders, they won’t help your learning, and when they are gone one day, you are left with nothing.

Robots/automated trading systems – these things are written and sold only to make money to the Seller. Please think over the words in this topic To buy or not to buy a Forex system. Besides, again you won’t learn anything for yourself, since the system is coded and you will only get order executions without knowing the logic behind them.

My friend, the online Forex industry (90% of it) is making every effort possible to blur your mind with statements like “I made hundred thousand dollars this month, you can too! Just subscribe/pay for our services for only 98 dollars…” And the more you see those mind destructive words, the more you’re tempted to buy it. You may go ahead and buy it, I promise you’ll cool down very soon after realising that it was either a scam, or a trading system to lose all your money in the end, or they sold you the air – the information which is available online for free.

The catch here – newbies don’t know much. After buying such products or services, they think they got a great deal, and even write happy feedbacks to scammers. Later, on the learning curve they understand the tragedy of their naive doings.

What else can I say? When you got teeth in Forex and know a lot about it, you’ll be able to distinguish good products form bad, then you may buy something… wait, buy something IF by then you are still a Loser and didn’t succeed in making your own system, MWOO-HA-HAAAA… Sorry, it was too tempting to avoid.

Now seriously, if you are rich enough to pay for Forex education from the start – buy a serious Forex course, or get yourself a mentor. Let me cite myself (from http://forexdarkside.com/forex-system-sales-scam)
” P.S. Don’t mistake those who sell Forex Courses for those selling Systems. Selling a system is easy, for example, I know hundreds of them and can start selling tomorrow if I want to. Selling a trading course that would teach traders How to trade, What to look for, Why market is behaving this way etc, requires true knowledge and ability to be a Mentor. I respect professional traders who sell good educational courses. Not all of them again bother to create a book or a course, but those who do often truly enjoy sharing knowledge about successful Forex trading.”

And even then the very first thing is to learn on your own, and then choose the course you want to attempt, and be smart enough to ask your mentor a specific question that matters.

Good luck, my friend!

** Forex Dark Lord **