Why I don’t do reviews of the commercial Forex strategies

Good day, ladies and gentlemen Forex traders.

You probably have noticed that this site has no reviews of the paid commercial strategies. Why is it? The requests to tell about the strategy X or Y come daily. Let’s start from the beginning…

How they sell a typical trading system

Standard promo of strategy promises mountains of profit and 146% probability of profit.

Promotional text may be in English, Russian, Chinese but the essence remains the same. Also, there are certain testimonials of satisfied traders, captured on mobile phones:

The strategy itself must be clear on view. Ideal option is when there are arrows showing when you should buy and when you should sell:

For “improvement” of the results, the arrows often are set a couple of candles before the signal. Well, to make it look a lot more civilized 🙂

Another one best-selling variant is “mysterious” system. Gann, Trading volumes, the movement of the planets, etс are well-suited for these purposes. The more delusional a system is, the better. People think that there is some magic secret in this system and they buy it.

Customers Support answers actively exactly to the moment when you buy the course/strategy. There will be silence after that.

Why should they waste their time? All they wanted from you (money), they have already received. To the question “why does not the strategy work very well?”, you will get the respond that you “trade wrong”.

Nobody sees the final product

So, we’re getting to the point.

Why are the commercial systems talked about? — Because they are advertised.

Why can they sell any junk? – because you still won’t know about it till you buy the product.

So, it turns out that sellers make no sense to bother about the profitability of the system. Why? While the person has not bought it, he does not know. And when he has bought it, the seller should not care. He has received the money.

That’s why it turns out that 99.99% of what is sold for money is a fierce junk.

The sellers make beautiful screens, ask friends/freelancers to write ‘reviews’ and wait for naive suckers.

What is the purpose of non-profit strategies?

Why does somebody share a profitable strategy? That’s a difficult question.

If briefly — to confirm their own ideas, as well as to get new ones. Collective intelligence is capable of much.

But most importantly, the traders in the forums have the purpose to make money on the market using a trading system but not to get money from naive buyers. And these are strongly different things. They don’t need to draw beautiful screenshots with arrows, to pay freelancers for “feedbacks”, to write advertising texts with the promises of millions, or to invent some legends about the mysterious strategy that the dying billionaire or the spirit of Gann at a séance gave you.

That is why success lies in the systems that are freely available and widely discussed. Quite simply, you have to think about the motives. If the system is not intended to breed suckers for loot, there is smth. worth in this system.

They do not give anything good for free or Sucker is not a mammoth

So, over the years, I have come to the conclusion that the most reasonable ideas are available for free. If you still have the idea in your head that “only rubbish is free”, you are wrong. It is wrong in trading, at least. All the secrets are in plain view.

Well, the naive buyers of “magic” systems will still remain. I expect that a lot of info businessmen will go bankrupt in a crisis, and it has happened, but still a lot of sellers are in business. And they always are ready to sell you a fresh trading system that promises 100500 % profit per day 🙂

Take care, Michael

Forex Trader Portal