I have my own methods of trading at present, but would like to ask:
Are there really any good trading systems out there?
Are these a rip off, or do they work? Any answers welcome.....
2007-08-20 09:27:47 · 4 answers · asked by someguysomewhere 2 in Business & Finance ➔ Investing
Usually a trading system that has worked well
in a given period and situation becomes a
lousy one in another period or situation.
2007-08-20 09:53:56 · answer #1 · answered by pgreen 6 · 0⤊ 0⤋
It's best to develop and use your own system. Then you will understand what you are doing and why. And when things go wrong. Then you will be in a good position to understand what's wrong with your trading method and how to make it better.
Also, when too many traders start trading in a similar way. Then profits from such trading necessarily decline and perhaps may even turn into a loss. For every buyer you need to have a seller. And if too many people are doing the same thing in trading. Then that balance between buyers and sellers is lost. And when you have too many buyers or too many sellers at the same time, then a lot of these traders loose money.
If you want your trading method to stay effective as long as possible. Then keep it a secret and don't tell anyone what it is. Because as soon as it becomes well known, it will probably loose its effectiveness. And then you'll have to develop another method.
2007-08-20 10:42:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I have used a few in the past when I first started trading and was very disappointed. If you try one make sure they offer a 30-day money back guarantee.
I found that after you trade for awhile you are better off coming up with your own methods. Even some of the more popular trading software programs will flat out tell you that they are to be used as a tool to narrow done your choices only.
I think to many new investors think they can buy a program that flashes buy and sell signals for them that will be correct 100% of the time. Which of course is simply not true. I think if you go with the attitude that it is just an additional tool then I am sure there are a few quality sites out there to help you narrown down your choices.
I have heard some good reviews about marketclub.com but I personally have never used them.
2007-08-20 18:51:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the guys who sell systems need to make money and so they sell a lot of copies of their systems.
which thought kinda suggests that they wqn't work very long, if they work at all.
stick with developing your own methods.
:-)
2007-08-20 09:36:19 · answer #4 · answered by Spock (rhp) 7 · 0⤊ 0⤋