To buy or not to buy a Forex system: digging deeper into the logic.
Return to Forex scams
I’m sitting and thinking about Forex systems for sale yet again. Just saw another SCAM website the goal of which is to BLAME SCAMMERS (their colleagues, actually) for selling Forex trading systems that don’t perform as claimed!
In case you don’t know, scammers are skillful sales people. They will warn you about dangers and scam offers around, but themselves will try you to sell yet another scam product…
Huuhhh. A bit of philosophy will follow. So, if you don’t like it, you may leave the class.
The topic is: “TO BUY OR NOT TO BUY A FOREX SYSTEM: Digging deeper into the logic”.
Here is the logic I see: Why would you sell a trading system that makes thousands of even millions in the Forex market?
No, really, why? Do you know the answer?
Sellers of Forex trading systems will tell you various stories from the “love to help other traders” to some nonsense. 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. Alright. Do you accept it? Sounds fair, huh?
Yes. It is a pretty fair answer. But we are not finished yet.
Think now: He sells you his system — you hope to make money… consistently… for a living… become a millionaire — you finish it… 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 to make money, which doesn’t need a cover-up from other income sources! |
After trying and failing with the best systems bought many Forex traders become more aware of new Forex products coming into the market now almost every week. But until there is a demand for such easy-way-money-making systems the scammers’ business will boom and blossom.
** Forex Dark Lord **
That’s true.
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!
hold up… all I can say is try my magic rainbow.. Only way to scalp forex! besides i need the ebook cash!
Why not to sell a profitable idea in order to profit even more? It can be done almost robotically on the Internet. Once generated,your idea can be reproduced easily billions of times by any dull Copy-Paste machine - it is not manufacturing that requires material resources and work for (re)production. Selling systems maybe even easier and more profitable than trading. Some time ago I could not imagine that writing books like “Harry Potter” (which I’ll hardly ever want to read) could bring such a fortune to its author! If you want to be a billionaire, don’t trade - write books for teens. :) )
I wouldn’t have believed it either had I not found an application that actually does a pretty good job of making successful Forex trades so I don’t have to sit in front of a pc all day… :)
i just purchased the fabturbo and it’s exactly that.
there are so many greedy people out there that want to sell stuffs just to get rich. so be careful buying stuffs. besides you are more intelligent than any stuff, so get education and trade the market for urself. the market is flexible and you as a person can change with it, but softwares and roberts, and …are rigid. they will not stand the test of time. when you study you will trade with confidence and rest.
Being intelligent has no bearing on trading. People think too much and listen to the news. The market does the same things time after time and a good objective system will not try and rational what is happening. It sees the patterns and trades them based on rules. Even some of the more popular trading methods are not objective. You always here thing like it looks like, could be and stuff that is subjective. This one of many reasons folks fail and lose money trading any market.
Good forex site! Congratulations. The truth about forex: learning never ends. If you want to do a click and leave, then return to your screen as millionaire, forget it! My experience in forex… just read my name. Regards to the autor; by the way, seems that a photoshoped picture of your face left the horse?
i love this site. when someone talks of buying a good forex system.. that person will fail only if he tries to blindly follow the sysytem like one magical power. successful forex traders make it by professionally analyzing the market, not by buying any so-called powerful system. people that sell these stuffs, are traders like you and i. and they have thier bad times. they truely make thier money by selling those stuffs. i put to you that 90% of people who buy people sytems fail badly in the forex market.
if you will buy anything, i advice you buy study material. learn why people succeed and others fail. study peoples system only for the purpose of learning how they analyzes the market. be a forex analyst, and not a people system follower. build your own system.
now here lies the secret of FX success. read your charts. know you pivot points,know your overbought and oversold levels, understand ranging trends and breakout trends. know your fundamentals analysis, and use your indicators only as a confirmation. i tell you, you will be 80% successful like me.
Brilliant comment, Thompson!
amusing materials.. Clearly there are proponents on both sides.. I didn’t really hear good arguments on either side other than covering for losses by selling product. In school, there is the adage, “those that can’t, end up teaching”.. this can also be applied here. Those that can’t trade (successfully), sell “systems/robots”. But when you think about it regarding the secrecy - there really is no detriment to teaching another what your keys to success are. I mean, just because you are terribly successful at trading, doesn’t mean there is food off my table. Right? If there was a magic wand, & we all bought it and implemented it, would that mean some of us would make less than others because there are more “winners”?? I don’t think the market works that way..