If you type trading or forex into Google you will get inundated with websites telling you that they can make you rich overnight if you just send them your money. Think about it, if you had a trading system that could consistently make you money would it be worth your time to sell it? Trading in my opinion is the best profession in the world. You have no customers, employees, products, inventory, and in today’s world you aren't tied to an office. You can trade from anywhere in the world and you only answer to yourself. Would you be willing to trade your perfect business with unlimited income for $49.99 plus shipping and handling?
Most of these systems promise some extraordinary profits. If you were able to make just 1% per day starting with $5000 you would make about $31000 or 624% in 200 days. At that rate you would be a millionaire in about 534 days. If you owned a system like that you would max out your credit cards and mortgage your house to get as much trading capital as possible.
Now on the other hand to make that same million dollars selling a trading system for $49.99 you only need to sell 20,004 copies. If you consider that there are approximately 234 million Internet users in the
This should help you understand why there are so many people out there selling systems on the Internet. It blows my mind that people actually pay for this stuff without any proof. Would you buy a car without proof that the car works? Ask yourself why they don’t post any live trades? Most of these systems only work on back tested data and will not work going forward in real time. I am not saying profitable traders don't exist. I just think they are busy trading and making money. Why would you bother dealing with customers if you can make all the money you will ever need in the market?
Here is a challenge for all you system sellers. Post your trades in a live forum. Put your money where your mouth is! Prove me wrong.
See Also: High Probablity Trading Systems
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