Benefits Of Forex Trading System

By: Alex Cadens

Over the next few lines you will learn a little bit about my take on an automated forex system, how I started to use it and why.

Forex trading can be a highly profitable business, but as everything in life it all comes down to knowing very well what you are doing. So to make a profit within the forex market you must either be already an expert, or you have to try and become one fast, but then again, becoming an expert in anything within a short period of time is virtually impossible and very risky if it is your investment at stake.

Believe me, even if you are an expert you will make mistakes quit often, maybe not because of a lack of knowledge, but because we as humans sometimes let emotions like fear and greed take us over, and this is where a reliable automated forex system comes in.

I have been trading for quit a while, and I started by trying to educate myself as much as I could, so I began my trading operation on my own. I didn't do that bad, but I was not making the kind of money I was expecting, considering what some friends of mine where cashing in every month.

At some point I decided I had to find out what they where doing that I was not, so I basically forced one of my friends to tell me what the heck he was doing to achieve such performance; when I finally managed to break him, he agreed to let me in on what he was doing, and here is what I got:

He told to me that on top of some trading by himself, he had purchased an automated forex system that could actually place and close over 90% winning trades completely on its own.

Initially I took that for a joke and kept asking him to come clean with me, but he insisted that that was it, and to dig me out of my skepticism he sat me at his pc and showed me his forex trading chart.

After 15 minutes staring at the monitor, I was surprised by the sound of a new trading order being placed without me or my friend touching anything; it was the automated forex system working. I was in disbelief and wanting to kill my friend for keeping this from me for so long.

I sat there until it was almost 10 p.m. because I wanted to see more action. Well, after a good 6 hours monitoring the software in motion, I witnessed how it placed 3 winning trades for a $600 profit.

As you might guess, I did not wait until the next day and went straight home to download the software, and after three months using it I can only say that not having it is a waste of your money. You read right, a waste of your money, because you will be missing out on profits that you cannot possibly make all by yourself, and here is why:

1) You can be attentive about what is going on in the forex market for only a few hours a day, because we as humans need to eat, sleep and sometimes even work, and every time you are not following the trends of the market you are potentially missing profitable entry points for a trade. The automated forex system will be on guard 24 hours per day, and it will take advantage of every good opportunity to place a winning trade, which often occurs during the night.

2) We as humans have a tendency to become scared and nervous when we feel we are about to lose money and that often leads us to make bad calls based on emotion rather than calculated analysis. The automated forex system will never be scared or greedy, it will always act based on the market conditions and therefore will have much higher rate of winning trades.

This does not mean that you cannot trade based on what you know about the forex market, because having an idea of what you are doing will always place you ahead. However, if you team up with an automated forex system you are certain to increase your profits by 100% or more, and if you are new to the forex market, you will start on the right foot making profits from the very beginning with very little risk.

So if you have ever wondered whether you should have an automated forex system by your side or not, the answer is: Definitely. Not having it will cost you a lot of potential profits.

Foreign Exchange
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Foreign Exchange
 



Share this article :
Click to see more related articles