Even though we know Uncle Karl and Aunt Rita spam us with the same old shit over and over again milking off the commercial market i do believe there are vendors who would rather sell a profitable system than to trade it themself. Why?
I have been trading forex now for 6 months and can successfully trade price action through trendlines and support and resistence however... for me, its to risky trading like this. I can turnover a profit in a demo account in a matter of hours or days but why would i not do it with real money? The reason why is because i personally want something more concrete, i want something which gives me a buy or sell signal through an arrow. Trendline trading especially is rather subjective and even though i can make money through this route i just couldnt see myself making a living through trading trendlines because its not hard set enough! Do i? Dont i? should i enter now? or should i wait a few bars? these are all the questions i ask myself before entering a trade and that uncertaintity is what makes me NOT want to trade this particular method for a living.
And this is why i believe there are commercial systems out there which do actually work, because like me, some peopel would rather have a steady income from selling a system rather than have the risk of trading the system itself. If you can make £1,000 a week selling a system online, wouldnt you rather do that than make £2500 trading a system where your own money is involved, where you are at risk?
I'm not looking for the holy grail, i believe its out there but i dont believe peopel will sell it on a high ranked google page. What i do believe though is that some people are clever enough to make a system but would rather sell it than trade it themself. Just like me... i can trade trendlines profitably but no way would i feel comfatable trading for a living this way and thats why i will always be on the hunt for an indicator to match with other indicators to hopefully find a profitable system which gives buy and sell signals, something concrete and something where no thought is involved except for what the indicators are telling you.
I have been trading forex now for 6 months and can successfully trade price action through trendlines and support and resistence however... for me, its to risky trading like this. I can turnover a profit in a demo account in a matter of hours or days but why would i not do it with real money? The reason why is because i personally want something more concrete, i want something which gives me a buy or sell signal through an arrow. Trendline trading especially is rather subjective and even though i can make money through this route i just couldnt see myself making a living through trading trendlines because its not hard set enough! Do i? Dont i? should i enter now? or should i wait a few bars? these are all the questions i ask myself before entering a trade and that uncertaintity is what makes me NOT want to trade this particular method for a living.
And this is why i believe there are commercial systems out there which do actually work, because like me, some peopel would rather have a steady income from selling a system rather than have the risk of trading the system itself. If you can make £1,000 a week selling a system online, wouldnt you rather do that than make £2500 trading a system where your own money is involved, where you are at risk?
I'm not looking for the holy grail, i believe its out there but i dont believe peopel will sell it on a high ranked google page. What i do believe though is that some people are clever enough to make a system but would rather sell it than trade it themself. Just like me... i can trade trendlines profitably but no way would i feel comfatable trading for a living this way and thats why i will always be on the hunt for an indicator to match with other indicators to hopefully find a profitable system which gives buy and sell signals, something concrete and something where no thought is involved except for what the indicators are telling you.