When looking into the Forex trading systems you will quickly discover the mass amount of them around. One common thread are the claims they make – very outlandish and overly exaggerated that make you think you will get rich overnight. Common sense dictates you won’t buy into that nonsense. Automatic currency trading systems cannot make you rich overnight. There are mechanical systems though, that do, in fact, exist. They exist to help you make consistent, smaller profits each month. And being consistent is what you want regardless of amounts.
Does the automatic currency trading system you’re looking into offer back testing results? If not you may want to take your hard-earned money and look elsewhere. Back testing is the process of taking past data and reconstructing them into new business models to see trends in spending and trading. The results form these tests will help determine the effectiveness of whatever methodology you choose. Any system that is reputable and of high quality and standards will allow you option of actually seeing the back testing results instead of telling you party line that they do, in fact, exist. One such company that passes along this information is Prophet1 Expert Advisor.
Prophet1 Expert Advisor is a software application of very high quality. It permits you to check out the back testing reports from the first of January ’05 to the first of January ’08. Initial investments are around a grand but profits have grown exponentially to well over $42,000 by September of ’07. That is a 90% profit through Prophet1 Expert Advisor of the trades conducted within that time frame.
Though not earth-shattering t most this does generate mind-blowing success rates. Average people barely make above $25,000 each year as it is. A profit of $42k is tremendous earning within just 21 months. It’s like having a second full time job. You can set the program to automatically do things which you can easily setup.