How to choose the right system

[bogdy23]

Hello,

Im new here and i want to buy a trading system or a signal service.How can i find a good one.Ive been searching for a while but even the ones that are rated 5 star this week get at 2 stars the next.There is always a shift how can i choose the right one.
Thank you

 

[Pharaoh]

Read the reviews carefully. If the person doesn't bother to mention how long the system was used or how many trades the reviewer took, how can you be sure the rating wasn't based on 2 of the 3 most recent trades winning or losing. Any real system will have loses and wins.

This article should also help you not get ripped off while trying to select a commercial trading product:

https://www.forexpeacearmy.com/comm...ting-scammed-when-buying-forex-products.2300/

If it's signals, you can also check the FPA's Performance Tests for a live record of how good or bad the signals are:

https://www.forexpeacearmy.com/test_lab/forex_signals_performance

Don't just look at the percentages. Look at the trades and the graph showing how the trades went. Notice that the one currently in the #1 slot (Cash Cow Signals) made a bunch of big trades at first and then went flat, trading much smaller amounts. If that's their pattern, it's too late to hope for profit from that one unless they ever start making larger successful trades again.