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Today there are many software packages sold which claim they can make you money with no effort and predict the future price movements of currency pairs and all for a small one off cost but are they to good to be true? Let's find out.
The performance the software packages present, are better than the world's best fund managers achieve and the cost to you for this income, is normally around two hundred dollars or less - it doesn't add up and looks to good to be true - so is it?
Of course it is! In a moment, I will give you a free system that can make you more money than any of these cheap software packages but first, let's examine there track records in more detail and show you why they can present great track records buit they never repeat.
Scroll down to the disclaimer and you will see most are just simulations, done going backwards over previous closing prices. It's no wonder they can make a profit, when they know every previous high and low! Of course you cannot predict the future, as humans which make any currency price are not predictable; no two data sequences ever repeat exactly the same again and when these systems are traded forward they lose.
You do get some systems which present what they say, are real track records but where is the independent audit? Of course you don't get one, you have to rely on the figures from the vendor and he sells the system!
If you think you are going to make a huge income, with no drawdown and all for a couple of hundred of dollars or less, you can try them but they don't work, that's why there so cheap.
If you want to make money in Forex trading here is a simple Forex trading system which has drawdown periods but long term makes money - I will give it to you now, its just one rule and it's this:
Buy a breakout to a new 4 week high and hold it and simply wait for a 4 week low to be hit and sell it. After this, simply keep reversing on each new 4 week high or low as its hit and that's all you have to do.
Simple? Yes but it will make more money, than any of the cheap software programs which claim to predict the future. It doesn't predict and simply acts on the reality of price change, it's also simple and robust and works. Thought up by trading legend Richard Donchian, savvy traders have used it for over 25 years to make money and it still works today.
If you want to make money with an automated trading system, program this one into your Forex charting package and you can make great long term gains and enjoy currency trading success.
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