The Myth of the "Amazing Trade"
Most of the systems that promise you those unrealistic winning percentages of 90% of more will often brag about one spectacular trade. You know, 900% gains, or 1300% gains. What they don’t tell you is that they cherry-pick these numbers for their marketing pitches. What’s more, they don’t let you see their losing trades, nor will they tell you how much they lost on their losing trades.
Don’t be fooled! Any system worth its salt will have lengthy back-tested results. Look for at least 2 years of back-testing to make sure the system is all it says it is.
Plus… most of these 90% systems jury-rig their back tests as well. They’ll only reveal trades under one market condition, which unfairly skews the results. You want a system that performs well in all market conditions and in all market cycles.
At the end of the day, it’s easy to hype up how well a trading system works, and that’s what the majority of the systems and products on the market do. When you remember the three fatal myths, you’ll can more easily see through the hype.
You’ll make better decisions when it comes to learning how to trade, and when it comes to taking your trading to the next level. Advent Forex dispels these myths and helps you trade and profit like a pro.
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