forex

Wednesday, August 26, 2009

simple breakout system


1. it’s a very simple breakout system and it’s a fact that most major trends start from breaks to new market highs or lows.

2. By its very nature its long term and if you look at a Forex chart, you will see the big trends can last many months or longer.

3. This system as it is always in the market so is guaranteed to put you on the side of every big trend.

It’s also got some other great advantages, it’s quick to implement about 15 minutes a day max and gives you a set trading signal with no subjective judgement needed.

Despite the fact it works and will continue to work most traders won’t bother with it and here are the reasons why.

1. They think its to simple despite the fact it works

2. They want to buy tops and bottoms exactly, despite the fact you can’t do this

3. Its to long term and traders always like action and lack the discipline to hold long term trends

4. It’s not complex - traders think this increases chances of success but of course the opposite is true - simple systems are more robust.

5. It’s not based on fancy theories chaos, neural networks, artificial intelligence etc - these theories don’t work in Forex but again traders love them.

6. There is no fancy packaging or a ridiculous name that insinuates taking on and beating the market.

Most traders pick junk robots with simulated track records and fall for the hype. This automated Forex trading system has no hype but plenty of profits and I know which system I would rather have!

The system works and will continue to work and if you are interested in long term profits take a look at it and it can increase your chances of forex trading success.

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