I found it interesting to see how many people are willing to spend thousands on infomercial systems given the hope and promise without knowing a thing about how it works. When we first started our business, we had a lot of people confusing us with a green and red arrow system that supposedly told them when to buy / sell in the markets with unprecedented certainty.
As far as I know, there isn't a 'magic' system that hits 100% accuracy on trading that's guaranteed to automatically grow your account. Don't get me wrong as I do come across a lot of good mechanical systems with an impressive track record. A thing that stuck with me from a very strong trader is to use them... while they work! As conditions will change and a system isn't necessarily wired to take every possible setup available. You as the owner should still understand how much the system is risking and take responsibility for money management.
Aside from finding a system to work with, it always comes down to managing risk.
Lastly, there are more than a handful of mechanical systems available that don't cost a pretty penny as FCMs and IBs typically have these readily available if you ask. More than likely, they won't have flashy green & red arrows though.
Personally, I'm a bit more comfortable with my own discretionary style.
Saturday, March 1, 2008
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I almost forgot to add for clarity that we have nothing to do with the red and green arrow system.
We do offer help in a variety of ways being classes to help walk people through the basics of learning the platforms. We also have viewable archives to watch & listen to lessons and reading, video materials from select educators we've found helpful at the link below.
http://www.hawaii4x.com/classes.html
We've also provide access to a chat room with experienced traders reviewing trades from Forex, Emini S&P, Russel and general commodities at our Trader's Corner.
http://www.hi4x.com/hotcomm/index.html
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