Trading systems that cost $50000

[blacpudin]

Originally Posted by neomage

Hello everyone! Neomage here.

I read through this post today I felt moved to contribute my thoughts. First a link:

http://www.quatloos.com/commodity-trading-systems.htm

(quatloos dot com / commodity-trading-systems.htm : in case moneytec blocks the link)

There is an interesting article about trading systems.

I can take what is presented there a little further tell you this: The past never repeats itself in financial markets. Sure you can pay $100-$3000 as a flat fee or a monthly fee for a system but that system is most likely based on "past results". While such a system may work for a while the simple fact remains that markets change in response to every changing stimulus.

Translation?

Trading systems have a finite shelf life that could be 2 months or 2 years but eventually you will hit the wall quite likely you will give back most of your gains.

Have you ever heard the axiom "Those who can...do those who can't...teach."

I have found this to be true in all things. The greatest gift you can give yourself is to learn for yourself teach yourself what moves the market - that takes experience that takes years... usually by the time you figure it out everything has changed.

I'm confident in what I'm telling you because I have worked as a Consulting Computer Forensic Investigator on several cases involving the CFTC Forex Fraud. I have seen first h charlatans steal millions upon millions investors who were lazy greedy didn't have the forethought to investigate what they were purchasing. I will tell you this most of the money is tied up in litigation will be for years.

It is easier to lose money than it is to make it.


Peace...

Neo

neomage

This underlines what a few experienced ( trader ) posters here have been saying for a long time.

BPD

[elmagd2000]

Originally Posted by neomage

Hello everyone! Neomage here.

I read through this post today I felt moved to contribute my thoughts. First a link:

http://www.quatloos.com/commodity-trading-systems.htm

(quatloos dot com / commodity-trading-systems.htm : in case moneytec blocks the link)

There is an interesting article about trading systems.

I can take what is presented there a little further tell you this: The past never repeats itself in financial markets. Sure you can pay $100-$3000 as a flat fee or a monthly fee for a system but that system is most likely based on "past results". While such a system may work for a while the simple fact remains that markets change in response to every changing stimulus.

Translation?

Trading systems have a finite shelf life that could be 2 months or 2 years but eventually you will hit the wall quite likely you will give back most of your gains.

Have you ever heard the axiom "Those who can...do those who can't...teach."

I have found this to be true in all things. The greatest gift you can give yourself is to learn for yourself teach yourself what moves the market - that takes experience that takes years... usually by the time you figure it out everything has changed.

I'm confident in what I'm telling you because I have worked as a Consulting Computer Forensic Investigator on several cases involving the CFTC Forex Fraud. I have seen first h charlatans steal millions upon millions investors who were lazy greedy didn't have the forethought to investigate what they were purchasing. I will tell you this most of the money is tied up in litigation will be for years.

It is easier to lose money than it is to make it.


Peace...

Neo

Neo your name reminds me with one of my favorite movies. Sure you know it

I may have 2 objections here. First rule of thumb in technical analysis is "history repeat itself" why ? because man made this history man will always behave the same way. Since trading inception fear greed pull man to both sides. Man managed to create good systems but failed to govern his feelings. The moment computers take the upper h in trading we may think of less impact of human feelings on trading process. Large institutions banks still monitor fully computerized systems by professional traders they do intervene following their guts.

My second point is it is not a must that "those we can ...do those who can't ...teach". How do you say about great trading teachers like Bill Williams who are successfully trading aw well. Teaching is a fun itself. One is self-satisfied when he delivers his believes concepts to learners get the peak when they succeed. Have you tried these feelings? I know web pages are full of craps about losers teaching trading but pls. look at the other half of glass of water.

Peace
Hani