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.
Sacha Tarkovsky
http://www.articlesbase.com/Investing-articles/day-trading-systems-1-tip-you-need-to-find-a-profitable-one-112270.html
Please let us all Wake up. What is really happening in this world?
This world is a stage. It has been said before and was said before for a reason.
From an early age this system brings us up to be a part of the system. We learn all about things that enable us to be a player in the system so that we are profitable to the system.
This system generates the news it wants you to hear and disregards that which it does not. e.g. If Nazi Germany was in operation today you would expect to hear about the suffering, wouldn’t you? Well Palestinian people are being treated very similarly by Israelis as we speak. After all of the suffering of the Holocaust a lot of Jews were sent across to Palestine. They shared that country with the Palestinians but gradually that country that was once Palestine turned into the majority Israel. Check pics on middle of page: http://illdill.org/Palestine-Israel.html
Gradually the land and the rights of these people were being taken away and now we find the Palestinians with a lack of nearly everything we take for granted. This is going on today but it is not portrayed in a way which makes us think that the Israelis are doing bad. We are lead to believe that Israeli attacks are ones of retaliation. If this is going on then how much else do you think there is that we don’t know? If our great nations are liberators then why not give relief to this regime? If we are truly for the people of this earth then why do we not create equality? It can’t be said it is not as simple as that because our great nations have demonstrated that they will throw themselves into far more complex scenarios than this one.
Hey Americans, do you want to know something the news doesn’t tell you? America gives roughly $65,000,000,000 to Israel every year. Ask yourself why.
We live in a climate of profit and misguided information. Very few seperate companies own the major media outlets and as time goes by there are fewer and fewer real nationalised companies rather more and more private ones. Some people say that is great as it promotes a get up and go or an entrepreneurism attitude. Well yeah that could be right but what about corruption? When there is no cap on the possible earnings of one person then there is always the want more attitude. The average weekly wage in Britain is around £420.00 – I know a lot of people and there are very few that i know that earn as much as that. That just demonstrates in Britain the gulf between rich and "poor". In America 1% of the population owns 40% of the wealth. Is there a need for that? If there are no poor countries then the profitability a company can make from the workforces labour diminishes e.g. Nike cannot make a pair of trainers for the same amount of money, or Tesco’s can’t buy in dates at the same price.
If we as a human race are to move forward we really do need to change the way we think. It should stop being solely about the benefits for me alone and be about the benefits us as a whole (human race). I am sure you think that is easy to say but hard to do, though it has to start somewhere and i know it will take action from us all. We have to move forward as this system is not for us and never has been, it has been for control. The governments are not transparent though they should be as they in theory should be working for us. We are going to have to go back a bit before we move forward though. We are going to have to stop paying our taxes and if we all did that then they could not target us all and they would have to adhere. We have to realise this power. The system needs you for taxes/productivity to the system. Our monitary systems are bankrupt – Fact. We need to understand that there are other ways to pay for things e.g. LETS http://en.wikipedia.org/wiki/Local_Exchange_Trading_Systems
If we get this in place then we can survive without the system and we would decide when the system is correct and fair enough for us to be a part of. This current system will fall apart because it has to. All we need to do is wake up. We can and will make a difference. The people in this world are not as bad as we are lead to believe but for some it is profitable for you to believe so.
I appologise if my rant lacked a descent flow but i just felt like tapping away on the keyboard.
Oo! Oo!
I know!
The powers that be in this world are trying to hide the fact that there is a serious population problem by making everyone work real hard, and implicating the immigrants as the main problem.
Which is why we occasionally hear about how the figures are distorted.
The truth is the figures aren’t distorted at all, it’s just a tactic used to make us think that we have to work even harder.
And while we’re working hard, the powers that be are fleecing us for all we’re worth.
It ain’t Immigrants that’s the problem, WE ARE THE PROBLEM.
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the world is a dirty nasty violent nuthouse..just live your life and forget about it
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Yup! It sucks. Really.
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Nope. Screw globalism. Lets revert to nationalism.
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If it’s not a damned self-proclaimed so-called ‘jew’ wanting a handout and blaming us for something its his twin brother Philistine Palestinian.
Why not tell those welathy Arab neighbors to take care of the problem for a change. Those bums have done nothing but betray the Philistinians.
"NO!, America, the Great Satan, must be blamed! That way we attention int he media!"
Yea, who do you work for the ‘jews’, looking for a sympathy vote?
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your right! We need to all wake up!
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You’re talking through your a*se. Palestine takes plenty of aid and relief – and have a guess who is the biggest contributor in the world, to Palestinian aid??
Yes, the USA
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lets just say Revelation is unravelling big time belive it or not.
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