Friday, 25 December 2009

How To Make Big Profits Everyday

There are many FX day traders whose aim is to make regular profits everyday and over time these small profits mount up. There are plenty of foreign exchange trading systems on the net to choose from - but how do you choose the best for this form of trading?
The fact is you can’t choose the best one because NONE of them work.

Fact:

It is impossible to earn money every day or regularly when trading and it’s impossible with day trading - because day trading simply doesn’t work at all.

The Reality

Day trading systems are sold on hyped advertising copy and use hypothetical track records (that means done in hindsight knowing the closing prices!) so there of no use in proving profitability going forward. Keep in mind you never find a day trading system with a real time track record.
So why doesn’t day trading work?
Quite simply because the data period is to short and you can't get the odds on your side.

Think about it:
There are millions of forex day traders trading trillions of dollars each day and to say that you can judge what they will do in a few hours is laughable, yet many naive and greedy traders take the bait, buy a system and lose.

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