Buying a forex trading system , forex software or software for forex automated trading?Well you will be dissapointed!Most people selling systems have nothing useful to sell .The majority of trading systems purchased fail because market conditions change over time and traders become too reliant upon systems that they don't understand and as a result, are unable to objectively recognize and respond to these changes. Having a good system is not a substitute for being a good trader.The truth about good systems is they can go through phases of losing periods. You may go through 6 months to 18 months period of losing and no profits. This period is called drawdown period. In the following 6 to 12 months these systems are likely to make a good profit and recover all previous losses. If the software or system was any good, then the owners would be using the software to make money, not wasting their time selling it. They just want system sales with heavy and sometimes unethical Internet marketing, Unfortunately most people want to buy a system or any system and start making money immediately ,and they want to make hay every day.Experienced traders know it is not possible to make money every day from trading.

Sellers advertise a system for sale at a particular price and then do not send you the advertised item but instead send a clone.The buyer has no way of knowing it is a clone , until he trades the system and compares it with the orignal system .Say, for example, a seller advertises a laptop in his shop window for $500, but when you ask about it, he shows you a model which doesn’t work properly, and then shows you a different model at a higher price.The seller did this deliberately to promote an alternative model and many sellers of systems use similiar tricks to deceive buyers.Sellers advertises a system for sale for $50 with a 30 day money back guarantee and 10,000 people buy the system ,5,000 ask for a refund and the other 5,000 do not ask for a refund which is only $50.The con is the seller has made $250,000 from the 5,000 mad people.Herebelow is a search for a popular system.

http://www.google.co.uk/search?hl=en&q=forex+killer+scam+check&btnG=Search&meta=

A trading system is made up of many rules following a given set of criteria ..Markets are dynamic and markets change e.g when oil price rose from $60 a barrel to $145 , volatility increased resulting in systems failing.As volatility increased stop losses would get hit much more frequently,take profit targets remained the same,resulting in losses of the crude oil trading system .There are traders hanging around non professional forums trying to sell systems which eventually fail.

Oilfxpro of oilfxpro.com once noticed a trader cum trading instructor changing from system to system.He witnessed a so called professional trader go through 6 systems, finally the mentor gave up and started betting using the martingale money management.The Martingale betting system is negative progression betting and it works on the probability of losing an infinite number of times.The mentor moving to gambling was proof that the six systems were failing, as volatility increased the currency trading systems were failing.

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http://hubpages.com/hub/Forex-TSD-expert-advisor-scam

Many beginning forex traders lack a consistent plan by which they make their decisions. Eventually they end up losing money .As a result many begin to look for trading systems. Using a system should result in two advantages. The developer of the system will have studied or reviewed the previous highly similar set-ups to devise the system. Also, when trading without a system, speculators are likely to make poor decisions based on fear and greed. The market goes against them and they liquidate their position at what is often the high or the low. So there are strong advantages in using a system. The speculator hopes that the system will keep him from making irrational decisions.

Most track records provided by system sellers are those that have executed the trading signals in simulated trading over back data i.e. a hypothetical performance o r back tests.These back tests are not using real market conditions. They simply bend the system rules to fit the HISTORCAL prices in hindsight ,therefore making it look profitable

Drawdown Drawdown is the amount of a decline in performance from peak to trough. Maximum drawdown measures the greatest decline experienced after reaching a given peak, over a period of time. Many traders wouldn't continue to trade a system after having experienced a drawdown of 40 or 50%.

System to suit personality Most people will not follow an existing system and trade it exactly as it was intended. This is because the system doesn’t fit them or their style of trading. The most important characteristic of all good traders was they found a system suitable to their personality IE risk appetite, trading style and reward expectations

Test your own system for free using Metatrader

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Develop your own automated system to suit your trading style

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OILFXPRO is a developer of professional quality trading systems and expert advisors for fully automated trading.Oilfxpro " my systems are designed for consistency in performance in the future. historical performance is secondary as we use these systems to make money in the future...not the past.Any Internet marketeer can make historical results look good with hindsight, but the historical performance presentation of our system look mediocre in comparison, simply because our systems are futuristic.All the OILFXPRO systems are tested on historical data and live data .Some of the tests are done on data for the last 8 years.These systems have to pass difficult tests before being used on live accounts.They are approved and proven trading systems"