You will see lots of Forex trading software which costs very little normally $100 or so and any package you look at claims gains but of course they don't all win. If you want to avoid Forex losses and win then you need to read this article.

A bit later in this article I will give you a free automated Forex trading system which makes big gains but let's look at all the ones sold heavily online, promising you can make 100% annual gains with little or no drawdown.

They all look to good to be true and of course they are.

Despite presenting track records that would make trading greats like George Soros look average, none of them present an audited track record of real money gains, from a non biased source.

You get simulations on paper, over data going backwards but we can all make money doing that. Some present real track records from themselves but there not checked and should be treated with caution. Think about it:

If a system really could make the gains these systems claim with such low volatility, 95% of traders wouldn't lose money and everyone would become a trader! Why work, when you can pay a hundred dollars sit back and relax, while a software package works on our behalf - its a nice thought but alas Forex trading is not that easy.

You can get some good Forex trading systems and I will give you one in a moment but you must accept this:

- The best systems will make 50 - 100% per annum

- Drawdown will be around 30 - 50% from an equity peak at some point

- Drawdown periods can last few weeks to a few months

So yes you can make money long term but you need to be realistic and also be prepared to face short term losses. If you do want to make some cash, accept risk and understand Forex trading is long term, here is a simple system you can use right now

The system is called the 4 Week Rule and all you do is this:

- Buy a new 4 week price high and hold it
- Wait for a new 4 week price low and sell it
- Just keep reversing as 4 week highs and lows are hit

Simple?

Yes and it works and it's been used by traders for over 25 years to make money. It was devised by one of the true trading greats Richard Donchian and we have written frequently on the logic of this system so check out our other articles.

If you want to automate your Forex trading, get a system that has made money and while the above one is free, it has and will continue to work If you think you are going to make huge gains, with no risk and not face a period of losses, you will end up losing.

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