Forex Trading Machine - What If You Could Actually Test This Strategy?

Forex Trading Machine - What If You Could Actually Test This Strategy?

by Dan K.

Forex Trading Machine is one of the latest, most popular forex trading strategies. Its creator, Avi Frister, is an experienced trader who promises a simple, easy-to-follow and profitable trading system. Many newbie traders just follow the hype and purchase Forex Trading Machine without knowing what to expect from it. The more experienced traders know that every trading system, even a cutting edge one, has its pros and cons. They can always use a good system or strategy but will never ever trade a strategy they do not understand or a strategy that has not been tested first in a demo account.
So the biggest dilemma every trader should face when it comes to choosing a trading system or strategy is whether they worth his time, efforts and money.

For instance, a day trader who enters a few short term positions per DAY would not be interested in a trading system designed to generate a few trading signals per MONTH. Likewise, newbie traders should not (although some of them think they should) look for a complicated system with numerous indicators they do not understand and list of rules they cannot follow.

The most important factor, however, is whether the system or strategy actually work. If we disregard subjective factors such as the psychological side of trading, every trader would like to have a solid proof that the trading system delivers. In this regard, most of the promotions on and off line for forex systems are very good in promises. They will promise you the moon, and if you are naive enough, you will take any lousy system as an ultimate "get-rich-quick" solution. To be honest, these promotions might be very tempting sometimes, but the bottom line is - you just cannot tell whether the system works until you try it yourself. I guess that every trader would like his friend or someone he knows to test the system or strategy first and only then, on the basis of real trading results, to make a decision whether they are profitable. In other words, the best way to choose a trading system is to TEST it first. And it is better if someone had tested the system for you and then let you see the results.

The conclusion is that even popular trading systems such as Forex Trading Machine need to be tested. Hence, before you spend your money on any system or strategy, it would be wise to invest some time and gather as many information as possible about them. Good sources of information are reliable forex forums, review sites and real record tracking of the system or strategy.