Forex day trading systems are sold all over the internet yet, you never see them give any track records of real gains - there just back tested simulations on paper and its obvious why they don't work and this is the subject of this article...
Let's think of the tough task that the day trader sets himself:
He has to work out what a huge of mass of people (millions of them) all different in terms of how they trade, their aims and objectives and their skill levels and finally, their emotional make up and the day trader has to do this in a matter of hours.
Many people will tell you that can measure what all these people will do in just a few hours but it's not possible. All the volatility in daily time frames is random and this means you cannot get the odds on your side and eventually will lose all your money.
Forex is a game of probabilities - but there are many vendors who claim that prices are moving to a recurring pattern.
This is loved by the far out investment crowd with its mystical connotations but there is no scientific law of market movement and this is obvious.
For a law to be scientific it has to work ALL the time and if there was one that did, the market would cease because we would all know the price in advance!
You can only win if you can get the odds on your side and this means trading longer term where you can play the odds. Of course many vendors will say forex day trading systems work but if they do - my question is:
If the system is so good why is it being sold and why do you not have a real time track record to back up the hype?
I know the answer to that and you do to now you have read this article forex day trading systems simply don't work.
Forget forex day trading systems, trade longer term, get the odds on your side and win.
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