1) Just switch on your computer follow a few signals and watch the money flow in day in and day out. They tell you how easy it is to make $X per day. Non-sense! FX trading along with any other business is never about making $X per day. It's about making X% per annum. Day to day means nothing to the pro's and anyone who has put together a profitable trading system will tell you how difficult it was. All the dead ends and false methods they had to eliminate before they came across a winning method. AND the markets change. Over time new rules/ methods/ adaptions will have to be brought in to deal with a constantly changing market. The markets never stay the same and neither should your system.
If the vendor tells you they can make gains of above 10% per month and or 100% per annum every year with low risk.....RUN AWAY. It's impossible. 3-5% per month and about 30% - 60% per annum is much more realistic.
2) They focus purely on profits and ignore the losses and risk. Look I can make 100% p.a. IF I am willing to take huge risks and have peak to valley draw downs of over 60%+ Which I am not. Almost every "vendor" selling FX trading systems will show you how to compound 2% per day and draw pretty graphs showing your starting equity going from $10,000 to $3,500,000+ over X years if you compound. They make it sound like it is easy to win EVERY single day if you go for smaller, more consistent gains. Again WRONG! What about the losing days/weeks/months? What about risk and money management? How much of your capital are you willing to lose in order to get those massive gains? Willing to "gamble" the lot? They can't possibly talk about the "professional side of trading" (what it is really like..losses are common place, money management on the side of caution.) because the "gullible" newbies (suckers) do not want to pay for this.
Get your Forex Trading Report and sign up for my free weekly online trading system newsletter here at: http://www.forexautodaytrading.com/
Article Source: http://EzineArticles.com/?expert=Mark_Crisp
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