Forex Scalping System - In Search Of A Forex Scalping System For Profits

Forex Scalping System - In Search Of A Forex Scalping System For Profits

by Samuel Leslie Berkovits

The Net is full of forex scalping systems and they all claim to make big profits but which do and which don't and which is the best scalping system to buy? That's exactly what we are going to look at in this article.
If you look at all the forex scalping systems online they will all have a track record that looks great but all is not what it seems go to the disclaimer and read it. This is the one you will see or a very similar one:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

So now you know why all the forex scalping systems make money - the track records are simply made up! They haven't even been traded in the market real time, all the vendor has done is simulated a track record and made it look profitable.

Now this is of course no help whatsoever, in determining if the system will make money in real time trading and none do.

In 25 years, I have never found a forex day trading or scalping system which has made money longer term and don't think I ever will; this is for the simple reason that the logic forex scalping is based upon does not add up.

The logic is trying to determine what millions and millions of traders all with different strategies, skills, and objectives are going to do in a short space of time and that's not possible.

If anyone says it is ask for the real time track record - you won't get one, or if you do let me know.

The story of scalping small regular profits is easy to sell and vendors know this; they have no intention of using the system themselves, they just create some eye catching copy, make up a track record and wait for the greedy naïve investor.

The vendor has a guaranteed profit and the trader takes a swift wipe out of his equity.

You can win in forex trading - but you need to trade longer time frames to get the odds on your side and this means either swing trading or long term trend following.

Get the right forex education and base your forex trading strategy on trading the odds and of course this means avoiding forex scalping systems entirely.