are most of them scams?
2007-07-23 14:32:33 · 7 answers · asked by Hungton L 1 in Business & Finance ➔ Investing
The key to an effective trading system is back testing which is very expensive. Most trading systems are based on limited back testing - they work in a limited number of situations and therefore are not very effective so selling them is more lucrative then usung them.
2007-07-23 16:46:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
People sell them to make money, of course, and some are surely scams. Strangely, you can get the real deal for a $29.95 donation (it used to be free but a donation is required now to help support for the Web site) at http://www.tradingblox.com/originalturtles/system.htm. There you will find a complete, detailed PDF telling you all you will need to know about the famous "Turtle" trading system. The "Turtles" were a group of people trained to trade commodities using this trend-following system. Several of these traders made hundreds of millions of dollars trading this system.
2007-07-23 14:46:31 · answer #2 · answered by Califrich 6 · 1⤊ 0⤋
People want to make money, make it fast, and not work very hard. Just like people want to lose weight but don't want to stop eating twinkies or get regular exercise. Much easier to take a pill for that miracle diet.
People also think there is some trick that can cut through the complicated investement world and win. There must be some genius that has figured this all out and would be willing to share the secrets with me for a few hundred bucks.
Sorry charlie - markets do tend to go up over time so you can try to game the process with some software but the real secret is that nobody knows how to consistantly predict which stocks will go up or down.
Better to spend you time and money to understand how to allocate you assests to a diversified group of investments - If you want to gamble go to Vegas.
2007-07-27 11:53:17 · answer #3 · answered by J 4 · 0⤊ 0⤋
Hi Hungton, like a news, trading systems can help a trader especially newbie, to do technical analysis, about stock or currency that they want to trade
You know, to develop an aplication, someone need a good skills, so other people have to pay them
some of them is not scam, but usually the price is not cheap, like winning solution for forex system or vantage point for stock that the price is about five thousands of dollar
2007-07-23 16:24:56 · answer #4 · answered by ayahnya frista 3 · 0⤊ 0⤋
People that sell "trading systems" can't make money any other way. And yes..... they're scams!
2007-07-23 16:27:16 · answer #5 · answered by Common Sense 7 · 0⤊ 0⤋
EXCELLENT point. One would think they'd be busy making money using their systems rather than extracting fees out of their customers telling them how the system works, right?
2007-07-23 14:36:19 · answer #6 · answered by DelK 7 · 1⤊ 0⤋
it makes you wonder - if the system worked, why spend all the time and energy selling it to others instead of using it yourself?
2007-07-25 07:37:40 · answer #7 · answered by kaiwan58 3 · 0⤊ 0⤋