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Ok Folks, Lets Talk Facts
Seeing as this weeks theme seems to be about JUNK, lets talk more about bought systems. As wisely stated in that last quote, if the major hedge funds etc are struggling to make gains in this market, do you really think a "system" that is for sale on Ebay for $29.95 promising 80% winning trades is REAL?
Of course it bloody isn't - STOP BEING A PRAWN! All of that stuff is junk. ALL OF IT! I see this spam pass through my inbox every day, in fact lets see what todays claims are: Make Loads of Money Trading Forex, Ebook! Insider Secrets to Online Forex trading! Nine PROVEN trading systems! Tired of Losing money trading forex! CLICK HERE NOW! Secret Forex formula the Pros will not share! Start your Forex Home Business TODAY! Do you think your local hedge fund manager with 1 billion in his account says "Oh boy! 9 proven strategies!!! 80% wins! Where's my credit card?!!" No, he does not. This is all junk, lies, utter crap. If that system were real you would not be selling it for such a trifling amount. What we need to do is rise out of that universe and get real. It all depends on why you are into it in the first place. Millions of sad prawns will be hoping to buy a system off the shelf for between $29 and $250 and make a fortune. The market will devour them like cannon fodder.  If you read ANY decent book on the market, you'll know that this whole concept is utterly retarded. It is just the shearing of sheep. So thats level one. But then you hit the more sophisticated level of tutoring and mentoring that costs between $500 and $3000. I've encountered some of this and payed for some of it myself, and it is kind of in the category of "semi useless".Really all the information is out there. There are good books to read, such as anything by Elder, Guppy, DeMark, and the classics such as Market Wizards, Disciplined Trader and Trading in the Zone. I think it boils down to being genuine in your love of the market and the subject of trading. AND more and more I think it boils down to inventing your own system, your own methods. Nothing I ever bought made me money, but my own system is making me money. This is not to say that I think I'm a genius - theres something about the process of inventing your own that seems to work. I've read that in various places too. So the main point of this post is stop buying useless junk. I think I managed to express myself fully regarding this point. |
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