Forex Trading Systems - Look for This When you Buy One

By: Sacha Tarkovsky

There is one thing above all others you should look for when you buy a FOREX Trading system.

If you use this criteria BEFORE selecting one, then you will get rid of over 90% that probably won't make you any money.

Let's look at it.

It's a track record of real profit.

That means real dollars made with the system and audited.

Not Too Much To Ask For Really.

After all, people who sell FOREX Trading systems normally make claims about how much money they are going to make for you - so get some proof that it has made money.

They want you to buy their advice so make sure that they prove it's worth it.

The Proof of Claims Is In The Track Record

You wouldn't learn to drive from a driving instructor who couldn't do it in real time themselves, so use the same way of selecting a vendor when buying a FOREX Trading system.

This does not of course mean that the system will make money in the future but at least you have the confidence that the system has made money in the past and the vendor is putting their money where their mouth is.

Narrowing The field

There are a lot of good FOREX trading systems out there, but the amount that don't work far exceed the ones that do.

Get rid of the book writers, failed brokers and scam artists first.

Don't trust the good old testimonial from friends, or people who have had one successful trade get the longer term picture.

That's two years audited results.

This is a long enough period to gauge the potential of the system and whether it is based upon sound criteria.

Why Sell a System That Doesn't Work?

Well, there are always greedy people out there who think they can get rich by buying advice for a few hundred dollars and don't understand that the vendor wins even if they lose.

They Win You Lose

Many FOREX system sellers know that and they rely on your greed and inexperience.

After all, they make money regardless.

Not from the markets, but from selling you a system that has no chance of working ( normally with a great hypothetical track record ) in real time.

First thing to look for then real time proof of profits and then its on to seeing if a FOREX Trading system suits your trading personality.

We will look at how to do this in the next article in this series.

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