[Johan Verc]

Sorry WmWaster

Please reply

[chartGazer]

WmWaster, Can u name a few which u 've tried successfully

One of my friends came acros this ->automateddaytrading. Neither me nor he has used it yet so I cant confirm. Any body tried it ?

[WmWaster]

Originally Posted by Johan Verc

WmMaster
Very true but how does one know which ones work?

As always, there's no sure-fire way to distinguish between scammers and genuine people. Here's some of the guidelines:

- get-rich-quick schemes in no time
- exaggerating claims (eg 100% accurate system)
- aggressive perusasion (eg you can't miss that chance!!!! Pay quick or you will regret!!!!)
- don't tell you the potential dangers of trading
- willingness to prove how genuine the trading system is (eg free articles which describe the telnets of the system)
- word-of-mouth
- Google Rankings / Alexa Popularity Ranking
- Stock / Futures Magazine which rank trading systems
- genuine third-party websites which rank trading systems

Hope this helps!

[pinger]

read read read test read read test : ) enjoy

that's the way i like it

[ezekiel]

Right pinger ...

There is no substitute for practical experience. Although not prefect that's the beauty of the demo. You can trade/tweak/experiment until your heart is content....

I'm starting to believe most people lose money not because of a faulty system but because of the person behind the system.

[KPcurrency]

Demo accounts are a waste of time. You are much better off putting 300 dollars in a mini account and getting real money experience from the start.

Ask anybody and they will tell you that their great "system" and great discipline seemed to go out the window when they first went "live". I am not smart enough to know why, but I do know that things are just different when real money is on the line. I am not talking about quote rates and disconnects, I'm talking about actual trading.

No matter how seriously you undertake the demo experience, you will find things are not the same in live market. Some demos allow the user to define how much money to start with, this is nice but does get at the heart of trading psychology. 5,000 demo account still not the same as 5,000 real. It is closer to what most would open a real account with though.