For quite a long time, even the most reputable Forex traders used to say things like "it is not possible to profit from an automated system", "computers arent made for trading", "the only way to succeed is to trade manually" etc.
Please understand that this article isnt written to sell you anything, but if you think about it, these statements dont really make any sense how can someone say that something is "not possible from their experience"? If one doesnt succeed in something, it doesnt mean that its not possible, it just means that he or she didnt put enough effort into it.
Fortunately, these statements have already been proven wrong, although not that long ago. There are even a few commercially available systems, which can produce really consistent results without much work on the traders side.
This sounds great at first, but its not THAT easy doubtful internet marketers have quickly realized that they can sell just about any losing signals generator if they make the sales page look good, so the situation nowadays is that more than 95% of the automated systems sold online nowadays arent capable of producing long-term results.
Even nowadays, most people still get impressed by very short-term results or by bold promises, instead of doing research on their own that is a HUGE mistake though. Remember, you will never be able to tell whether or not a trading system is worth anything just by reading the salesmans promises the only two ways to tell the difference is to either research other peoples reviews, or to investigate a verified, live account statement older than 12 months. We personally recommend you to do the latter, as other peoples reviews can sometimes be misleading (for example, our best performing EA in our portfolio has not been getting the best reviews, yet, it performs very well in the long run).
So if you decided to trade automatically, what should you look for in the trading system? If you are serious about making this work for you, there is only one correct answer CONSISTENCY and PROOF OF PROFITABILITY. First off, if the systems website doesnt contain a verified, live account statement, your best bet will probably be to stay away from it. Also, you should always prefer a system with a live account history of 12+ months, which may not be as profitable as another system, which has 2-3 months history though.
Were looking forward to meeting you at
forexmeetingpoint.com !
