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Thursday, August 21, 2008

A Forex Autopilot System - What Everybody Else Isn't Telling You About This

By Jim Buhs

It seems everywhere you see is a forex autopilot system. It's one after the other. Why is that? Could it be that people are looking for an easy way out when it comes to trading.

I can't say I blame them. I would love it too, if I didn't have to spend my time following a forex chart, in order to trade. I could spend more time with my loved ones or enjoying my hobbies.

But the harsh reality of forex trading is that there is no easy way out. There are no shortcuts to success, and that's exactly what a forex autopilot system - a shortcut.

Just think about this rationally. If these kind of forex autopilot systems do all the work for you and bring in the big profits, why is it the 95% of forex traders fail to ever make any money? If people that are trading the markets and can see or hear about economic news that will affect the markets still can't be successful, what chance does a robot have?

You want to know the real secret to forex trading? It's all in the charts. It's as close to the holy grail as you'll ever get.

I don't mean using stochastics, moving averages, or any of those lagging indicators. I'm talking about just following the price movement of a currency. You'll be amazed at what you can find using the most basic of methods.

I know it's not as flashy as some "magical" indicator that does all the work for you or some forex autopilot system that is supposed to make you a millionaire while you're laying on the beach. But trading price action is the only truly time tested strategy. The successful traders have been doing it since the beginning of the markets and will continue to do so.

Jim Buhs has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex successfully was on a plain chart with no indicators, his profits soared.

To see my reviews of forex robots go to LearnForexDirectory.com

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