pippopper
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As a trader and TA Tutor I have discovered that many of the "traders" are very quick to call a system a scam - from my many years as tutor I discovered that a number of the systems, held up to be scams, by those who came for training were reasonable systems, not great but Certainly not scams.
Many written to sell to thhose who dont know that they dont know and get caught in the wirly and trading hype - like 500,000 a month and all that crap.
The problem was easily diagnosed as being the fact that the majority of our aspirant traders in fact are unable to read a chart and think that trading is akin to making coffee, pour water switch on - go away and in 5 minutes you switch off and job done! Oh no You are either a trader or a gambler. - FX is not like switch it on put in a profit target and stop loss - come back just now and bank the money - sadly I have some news for those aspirant traders - learn to read the chart and the many of the "Scam systems" will make sense. In this I am not saying that there are no scams on the market, there certainly are. In acknowledging that only 5% of the traders make money - we must also acknowledge why - some loose money because they use robots which to the last one will eventually skin your account, but the main reason is the fact that the would be traders and "Gurus" DONT KNOW THAT THEY DONT KNOW.
Conclusion, Admit that you dont know and learn from those who can show you results on their own account - not backtested manipulated stuff.
SnrTrader
Many written to sell to thhose who dont know that they dont know and get caught in the wirly and trading hype - like 500,000 a month and all that crap.
The problem was easily diagnosed as being the fact that the majority of our aspirant traders in fact are unable to read a chart and think that trading is akin to making coffee, pour water switch on - go away and in 5 minutes you switch off and job done! Oh no You are either a trader or a gambler. - FX is not like switch it on put in a profit target and stop loss - come back just now and bank the money - sadly I have some news for those aspirant traders - learn to read the chart and the many of the "Scam systems" will make sense. In this I am not saying that there are no scams on the market, there certainly are. In acknowledging that only 5% of the traders make money - we must also acknowledge why - some loose money because they use robots which to the last one will eventually skin your account, but the main reason is the fact that the would be traders and "Gurus" DONT KNOW THAT THEY DONT KNOW.
Conclusion, Admit that you dont know and learn from those who can show you results on their own account - not backtested manipulated stuff.
SnrTrader