Forex Trading Systems–A Reality Check
Some six years ago or so, Ray W. Schwartz was stocking shelves in a bookstore and barely surviving in a dead end job earning just over the minimum wage. Realizing his future was gloomy indeed were he to maintain his course, he chose instead to pursue his interest in the foreign currency exchange markets and the huge profit potential reportedly available from it. Over the next two years he plowed forward with great determination and enthusiasm, acquiring and applying one forex system after another, achieving more failure than success.
But as fate would have it, by way of the networking common to pursuing one’s activities in this market arena, he developed a friendship with a highly successful forex trader who was willing to teach, guide and mentor him. As the relationship progressed and a degree of mutual respect matured, more and more details of the profitable trades being made and the techniques followed to obtain them were revealed. After a time, enough trade data was pieced together to permit some detailed analysis.
Amazingly, what Mr. Schwartz was most surprised to discover was that the trades had no common factors associated with them like support and resistance, or over sold/over bought conditions, or a “bounce” area. Examination and comparison against every indicator and system he knew of, including laying down the moon cycles from the delta strategy, provided no enlightenment. One last determined effort to reverse engineer the strategy resulted in little more than lost sleep for a few nights in a row. To top it all off, prices had not made big moves over the period that the trades were made, and yet, Cialis Jelly great profits were earned.
Well, to get right to the point, Mr. Schwartz essentially made up his mind that he had to have this system. Oh, sure, he consulted with other friends and professional advisors, but in the end the arguments against just couldn’t overcome the expectations in favor of it. And so, negotiations to buy it were opened at a laughable $5,000 and ended at a very high price tag!
But have the results justified the investment, you ask? I’ d say so.
The system made documented results of $2,375,912.39 in 2006, $2,172,374.03 in 2007, $3,037,672.79 in 2008, and $2,416,656.18 in 2009. Four straight profitable years totaling over $9.5 million! Now, that’s pretty impressive.
Okay, so what, you’re probably saying. Who am I and what do I know about forex systems in general and this one in particular? Well, I know that in spite of all the promises of magic strategies and inevitable riches, 95% of the forex traders will lose money, and, unfortunately, a lot of it. I also know that Mr. Schwartz is missing on 1 trade out of 20, thus showing a 95% success rate, just the opposite of the norm.
I know that with almost all other forex systems, you’re given indications of when to enter or when to exit a trade. But what happens if the entry indication is incorrect? You lose! I also know that the forex system that Mr. Schwartz bought and has mastered is a logical concept for governing chaos, that chaos being the unpredictable result of market movement. With it, regardless of what entry position is taken, one will limit loss and emerge a winner in the end!
I know that the system is not based on some automatic software that makes trades for you promising giant gains based on numerous interrelated indicators and market conditions all aligning together in some special way thereby producing a signal to act. Such systems are extremely dangerous and I urge you to avoid them absolutely. The claims made for these programs and systems are absurd. The Forex market is just too complex and dynamic for these automated rip offs to deliver positive results consistently.
No, it’s simply not realistic to think that you need only to buy some fancy automated system software and then relax and do nothing until it signals you to act and become rich. The Forex market is a professional, worldwide business with central banks and thousands of private and public companies engaged in it. It is totally unreasonable to believe that they Kamagra jelly rely on some $300 software that they bought on the internet. Instead, you can be sure that they have real traders cheapest price for cialis in the market every day trading their money.
So, what’s my conclusion about Forex trading and the high risks and rewards that go with it? Well, for 99% of you I advise pursuing other more attainable investment and income opportunities. But for the elite 1% who may possess the unique qualifications of intelligence, motivated commitment and adequate investment resources, the chance to learn and apply the Pipeline Forex system under the guidance and mentorship of Mr. Ray W. Schwartz, its owner and professional Forex trader, may be too good to pass by. If you wish to learn more, visit our website and click on “Pipeline Forex” and watch the video review I have posted there.`
Author Bio: James Nelson has accumulated almost 40 years of successful business experience, and much of it has been based on the maxim, “Do what you do do well, then find others who can do the rest best!” You can learn more about “pipelineforex” at http://bit.ly/asn5xb. Mr. Nelson is currently President of JuJam Enterprises Incorporated where they focus on “Helping People Help Themselves.”
Category: Finances
Keywords: forex investing,forex profits,best forex trading system,forex trading system