Realistically, you have to ask yourself why someone would sell you a trading system that they claim consistently makes over 100 percent every year. If the system is so great, why would you let the whole world use it?
There are several explanations to those questions. First of all, the trading system might be a piece of garbage and the developer is looking for some suckers to buy it. Or, sometimes system developers will only sell a limited quantity of their systems.
One of the best explanations is that a forex trader could give away the holy grail of systems to the world and it wouldn’t have much of an impact on his success. The reasoning is that most people won’t have the discipline or patience to follow the rules exactly and they will likely have dismal results and toss they system.
To Buy or Not to Buy a Trading System?
I would be very careful buying any trading system. Certainly, I would not buy any system that is hyping unbelievable profits of “100% returns every month!” Also, adjust your expectations much lower than what the system claims – returns are never better than the claims.
There are several explanations to those questions. First of all, the trading system might be a piece of garbage and the developer is looking for some suckers to buy it. Or, sometimes system developers will only sell a limited quantity of their systems.
One of the best explanations is that a forex trader could give away the holy grail of systems to the world and it wouldn’t have much of an impact on his success. The reasoning is that most people won’t have the discipline or patience to follow the rules exactly and they will likely have dismal results and toss they system.
To Buy or Not to Buy a Trading System?
I would be very careful buying any trading system. Certainly, I would not buy any system that is hyping unbelievable profits of “100% returns every month!” Also, adjust your expectations much lower than what the system claims – returns are never better than the claims.