Day Trading Systems - How to Make Big Consistent Profits
How do you pick a day treading system that makes big consistent profits and look at day trading systems that can help you win.
So, how can you pick the best day trading system to help you make big consistent profits?
Let's find out.
The hype
On the Internet there are a huge number of systems sold in day trading and they sound great earn 70% profits, scalp 10 -20 pips everyday etc and all for a few hundred dollars or less!
So what makes a great day trading system?
Well the answer is:
Nothing - Because the logic of day trading does not work - PERIOD
Don't believe me?
Then consider the following:
1. Have you ever seen a day trading system publish a track record of real profits that's made in the market NOT a hypothetical simulation?
No neither have I.
Ask any vendor selling a system for a real time track record over the longer term and you won't get one.
How day trading system vendors make their money then?
These vendors are not stupid enough to trade the system themselves! They sell them, despite the fact the logic does not work and can never work.
They will take you money for the system so they win, then you trade it and lose, that's simply the way it is.
So why can't you win at day trading?
Its common sense really:
Volatility in daily and hourly frames is random.
Using daily ranges, support, resistance pivot points, or any other technical tool is a complete waste of time, as prices can go anywhere in a day and do.
The only people who look at daily ranges and consider them significant are day traders and their a very small losing minority of the millions of traders in the market.
Don't fall for the hype of day trading.
It's a fact that day trading system vendors don't produce real time track records as they are sensible enough not to trade their systems.
They know they lose money.
So why not write some great copy and make up a simulated hypothetical track record and make some money selling the system instead?
People who believe day trading works are either:
Stupid, naive or both.
Don't fall into the trap of thinking day trading will make you money it wont and if you don't believe me ask for the proof of a real time track record of long term gains before you buy,
Related Tags: day trading, daytrading, currency day trading, day trading systems, forex day array trading systems
FREE ESSENTIAL TRADER PDF'S AND MUCH MORE
On all aspects of becoming a profitable trader including features, downloads and some great FREE Trading PDF's visit our website at http://www.net-planet.org/index.html
Recent articles in this category:
- Sbi Best Sip Plans 2010
SBI Mutual funds have introduced many mutual schemes. Each scheme has different limitations. SBI SIP - Icici Sip Plans 2010 - Best Sip Plans
ICICI Prudential offers many schemes. These fund schemes have SIP. What is SIP? SIP's expansion is S - Determining Where To Invest Money
There are several kinds of investments, also you will find numerous factors to find out where to inv - Retirement Plans A Necessity Of Life
A person works whole life to give a decent upbringing to his children and families. But while improv - Stock Market Timing Signals
Follow the PlanThis would seem a statement of common sense, but the fact of stock market timing sign - A Selection Of Financial And Investment Strategy Guidelines For Turning A Profit
Yet, we don't often have the money to leave work right at this moment. We need a constant salary to - Find Out The Profitable Way To Invest In Small Cap Stocks
Everyone wants to find a penny stocks list or other investment strategies that can turn your literal - Portfolio #4 - Watergate
IntroductionThe problem is not that the world is running out of water. No, the problem is that drink - Dulton Group: Information Content Of Dividends
Dulton Group helps you to analyze the information content of dividends, an important factor affectin - Coping With Fear In A Markets
The real fact is that all traders, investors as well as stock market investors, who feel afraid, occ
Most viewed articles in this category:
- Investor Stress: A New Approach
George Muzea is both an investor and a stock market advisor. In any given month, he will be paid $10 - Real Estate Investment Financing
1. Location: Your real estate investment's location is arguably the most important component of your - Canadian Oil Sands - Who Are the Major Players
The Canadian oil sands represent one of the most lucrative investment opportunities to oil and gas i - Why Bulk Preconstruction?
Bulk preconstruction is the latest trend in secure, high profit real estate investing. By buying wit - Investing - It Is Not As Scary As You Think
Many people want to have more money - OK everyone does. However, most people don't know how to go a - How Do I Know Which Programs Are Scams?
Although it is virtually impossible to tell if a HYIP is a scam until the moment when they stop payi - Currency Trading Success - 6 Tips to Increase your Profits
If you want to increase your profit potential and achieve currency trading success then the simple t - The Business Cycle
Investors who want to beat the market should be followers of the business cycle. The business cycle - Pros and Cons of Real Estate
Like any other profession, there are good and bad things about what are available. Each of the thin - The Fixer Upper
Real estate investing has become almost a national pastime. Millions are made every year on the buyi
