Trade of the day - just one of the best ways to lose your money, and the logic is just silly. However, through the network, you can see a lot of trading systems of the day, arguing that they can make you a profit - but there is not quite tell the truth, check this item and you'll understand why.

Because they never sold!

Record usually - compiled simulation and followed in accordance with the disclaimer, such as the one below:

"Rule 4.41 CFTC - a hypothetical or simulated performance has certain limitations. In contrast to the actual reporting work, simulated results do not represent actual trading. In addition, because the industry had not been implemented, the results may be" on or "compensation for this impact, if any, of certain market factors, such as lack of liquidity. simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is not done, that any account will or is likely to achieve profits or losses similar to those shown.

So there you have the answer!

You can get past the prices at the close of the exchange and just draw record and of course, if you know the price at the close of the exchange is not difficult to make profits only on paper - a child could do it.

If you want to make money on the market, you do not have the luxury of knowledge of prices at the close of the exchange, and it is much more difficult.

Fact - most of the day sold the trading system, trading companies, it is - a good story, and traders burdock falls in love with it. The seller gets a good profit from the sale of the trading system, and the merchant receives a loss.

So why trade of the day does not work?

Well think about this:

Millions of traders all with different motives and controlled by greed and fear, all contribute to the final price and they are not logical.

You can not hope to predict what this vast diverse group would kill only a few hours or less - its nonsense.

Of course, this means that you can not use support and resistance levels, since all the volatility in short periods of time is completely random, and you can not get a disagreement on its side.

You would be so much luck, snapping a coin.

In addition, the trade of the day violates a cardinal rule of trade - controls your profits and reduce your losses.

Confident from the merchant of the day there are small losses (and many of them!), But he will be lucky from time to time and the victory - but he manages his profit? Of course not, it surrounds the shaft is at the end of the day.

Thus, profits will never cover the losses, and even lucky lucky traders ends and he loses.

The biggest myth of trade of the day - that it works - it does not.

Longer term, you will lose and if you do not believe me - try and find forex trading system of the day, with an operating track record profits for a longer period.

Only one word of warning - getting ready for a long and fruitless search.

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