NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE
For free 2 x trading Pdf's, with 50 of pages of essential info on the Mindset for success and more on Learning Forex Trading Online visit our website at: http://www.learncurrencytradingonline.com.
You will see a lot of Forex scalping systems advertised and they all claim they can make big gains but which do and which don't? Check a simple point and we can reveal the answer...
Check this key point before you consider buying any Forex day trading or scalping system.
Look at the track record and see if it has the words "hypothetical", "back tested" or "simulated" written on it and immediately discount it, as its not been traded for real and has been done on past data knowing the closing prices and thats easy so pass it by and guess what?
You're probably thinking well, all I need to do is look for one with a proven real time track record. Of course this is true - but get ready for a long and fruitless search.
You won't find one with a real time track record over the longer term (say 2 years) I have been looking for 25 years and not found one, so let me know if you do.
The reason of course why you won't find one is simple - in today's world of instant communications and volatile price action, you have random volatility in a day and you cannot predict the price in a few hours or minutes and to think anyone can you would have to be able to work out the following:
What millions upon millions of traders, who all use trading different methods, who all have different skills and most are influenced by their emotions, are going to do in a short space of time and the task is impossible.
That's why you never see a real time track record on any system sold online.
If You Want to Win
Trade time periods where you can get the odds on your side and that means long term trend following or swing trading.
Both methods have their merits and both can make you money as you have a long enough time period to calculate the odds so focus on these two methods and pass by Forex scalping systems with their simulated track records - simulations will not turn into real profits.
- Related Articles
- Related Q&A
- All About Forex and Currency Trading System part 1
- Forex Market Currency Trading
- How To Profit With Forex Online Currency Trading
- Understanding Forex and Currency Trading
- Forex Online Currency Trading
- Why Is A Mentor Necessary To Succeed At Forex (FX) Currency Trading?
- Learn All About Forex Market, Currency Trading and Forex Trading System
- Trading Discipline, Forex Trading, Currency Trading, Forex Win, Forex Success, Forex Tip,




Should You Trust Stock Trading Robots?
By: Ricky Lim | 09/07/2009Questions and eyebrows were raised when Marl, the first commercially available stock trading robot was unveiled by creator Michael Cohen. Indeed, something that could make stock trading as easy and effortless as getting investment tips directly from someone who knows the best stocks to bet on might as well be a dream.
STOCK MARKETS:- NOT TO BE BLAMED FOR EROSIONS
By: Nitin J P Talwar | 09/07/2009Stock market is a prime part of the financial system in any economy of the world. It is the only place where all companies get the public fund to perform their operations. Stock market also symbolizes the financial position of any economy. Stock market is a place where any person can become a stock (stake) owner of any listed public company and also at any point of time can exit the company by selling his stake to the interested buyers of that stake in stock market.
Day Trading - Tips for the Beginner
By: Alan Reese | 08/07/2009Most of these day trading tips are result of my own misfortunes and experiences. I think it is better to learn from someone else's mistakes rather than your own so hopefully these will save someone out there some cash. In no particular order, these tips are all equally important.
Powerful Forex Software with 3 different profiles: conservative, moderate and aggressive - Forex Multiplier
By: Rob Trader | 08/07/2009Forex Multiplier is not the usual hyped that you already tried or tested! This is so unique and a very powerful forex trading software. If you want to make real money and give your family a substantial income or a consistent income, then Forex Multiplier is a very good choice!
An Ideal Trading Environment
By: Spencer Harding | 08/07/2009This article details the steps a day trader should take to ensure that his trading environment is suitable for the stresses accompanying the profession.
Anyone can dominate the day trade market. Day Trading Robot
By: Rob Trader | 07/07/2009Day Trading Robot is the latest in automated stock picking software. I’ve found that the market for this type of software is flooded with faulty programs which focus on style over substance and in most cases are just out to capture your dime.
Ready to invest into forex market? Double your money in a month-go for Fap turbo
By: Rob Trader | 06/07/2009FAP Turbo is one of our top-pick trading systems for a number of reasons – but most importantly because of its consistent profits in live trading and it is incredibly easy to use.
Trading the Emini VS Trading Penny Stocks
By: David S Adams | 04/07/2009As a 25 year veteran of trading on both Wall Street and the CME there are very few areas of investing that are infested with more vice, scammers and downright cheating than the penny stock market
Forex Trading Software - 4 Claims Vendors Make Which If You Believe, Will See You Lose
By: Sonia Kristina | 04/07/2009 | Currency TradingIn terms of Forex trading software you need to beware of 4 claims made by most Forex vendors as they are simply myths and will see you lose money. To select the best automated Forex software use the checklist enclosed.
Forex Expert Advisors - 3 Myths Traders Believe That See Them Lose
By: Sonia Kristina | 07/06/2009 | Currency TradingIf you see a system calling itself a Forex Expert Advisor it's likely to lose money quickly however traders buy them because they believe 3 myths enclosed. If you fall for these myths, you will lose too - let's take a look at them.
Forex Expert Advisors - All Have Poor Money Management Which Leads to a Losses
By: Sonia Kristina | 25/05/2009 | Currency TradingThe Choice of most novice investors when they start trading is a so called Forex Expert Advisor but instead of making a great income with no effort as the sale copy claims, they see there equity wiped out and the reason is simple and enclosed in this article.
Forex Robots - Do They Make Users Money? No and the Reason Why is Enclosed
By: Sonia Kristina | 14/05/2009 | Currency TradingForex robots and Forex Expert Advisors are promoted as a way to make huge gains with no effort and all you do is pay $200.00 or less for this lifelong income but it's a fantasy not a reality and they all lose money and the reason is simple and enclosed.
Forex Robot Trading - Promises Big Gains But All Users Get is Losses
By: Sonia Kristina | 04/05/2009 | Currency TradingForex robot trading is probably now the most popular way for novice traders to start their trading career and they are promised a huge income with no effort for around two hundred dollars or less but all that happens is they lose all their money quickly and this article will look at the reason why. When you take the claims that Forex Robots make, they look to good to be true and they are, let's take a look at some typical claims...
Automated Forex Trading Software - Why Traders Lose Their Money Quickly
By: Sonia Kristina | 18/04/2009 | Currency TradingThe sales copy of the numerous cheap automated Forex trading software packages sold online promises you financial freedom for a hundred dollars or so but all these packages lose money and the reason why is enclosed.
Forex Day Trading Strategies For Success
By: Sonia Kristina | 04/04/2009 | Day TradingA huge number of traders try day trading strategies but which are the best to lead you to currency trading success? Let's find out ...
Forex Expert Advisors Don't Make Money and It's Clear Why
By: Sonia Kristina | 20/03/2009 | Currency TradingForex Expert Advisors are the choice of more novice traders than perhaps any other method of entering the markets but they all lose money - Here's why. They have never made any money in real time and any system that promotes itself as an Expert Advisor has no verified track record.