Legitimate Forex Automatic Trading Systems

Although a legitimate automatic trading system can exist, they often require too much money for a single trader to invest in. So beware of the empty promises that inevitably come along with a black box or automatic trading system. When you come across these systems, see what the long-term plan is. Make sure you’re not being used to test a faulty system before it’s sold to trading floors, institutions, or wealthy private investors. Check how long it has been in place and avoid anything under a year. Don’t allow yourself to be the guinea pig so someone else can make a profit off your failures.

While researching trading systems, many traders run into various strategies that will obviously fail. Recently a trading company claimed to have made hundreds of thousands of dollars with its own proprietary trading system. For a fee, the company was willing to teach me this strategy via its own education system. What was left out of the “profitable system” was all the lingering trades that hadn’t ever been closed.

While looking into companies and trade strategies be sure to remember the following questions:

1. How does the money flow? (When you pay, is the payment mutually aligned with

your success.)

2. What do they stand to lose? (Does the company, or person selling the strategy,

have risk also. It is rare, but there are some companies that believe in what they

do so much that they put their capital at risk.)

3. Are the results not inclusive. (Did they leave an important detail out?)

Legitimate Forex Automatic Trading Systems

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