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	<title>My Forex Wiz &#187; Percentages</title>
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		<title>Forex Trading Systems – Want to Win 90% of the Time?</title>
		<link>http://my-forex-wiz.com/forex-trading-systems-%e2%80%93-want-to-win-90-of-the-time/</link>
		<comments>http://my-forex-wiz.com/forex-trading-systems-%e2%80%93-want-to-win-90-of-the-time/#comments</comments>
		<pubDate>Sat, 28 Nov 2009 12:14:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://my-forex-wiz.com/forex-trading-systems-%e2%80%93-want-to-win-90-of-the-time/</guid>
		<description><![CDATA[Harold Hsu asked: Online, you’ll often read about Forex trading advertisements that boast ofmore than 90% winning trades. Sounds great doesn’t it? Would you pay $100 for a trading system that may win 90 out of every 100 trades? If you answered “Yes”, you’re in trouble! Unfortunately, the truth is that a high winning percentage [...]]]></description>
			<content:encoded><![CDATA[<div><em><strong>Harold Hsu</strong> asked: </em></p>
<p>Online, you’ll often read about Forex trading advertisements that boast of<a href="http://my-forex-wiz.com/wp-content/uploads/2009/11/forex-trading-system1-300x290.jpg"><img class="alignright size-full wp-image-115" title="forex-trading-system1-300x290" src="http://my-forex-wiz.com/wp-content/uploads/2009/11/forex-trading-system1-300x290.jpg" alt="forex-trading-system1-300x290" width="300" height="290" /></a>more than 90% winning trades.</p>
<p>Sounds great doesn’t it? Would you pay $100 for a trading system that may win 90 out of every 100 trades?</p>
<p>If you answered “Yes”, you’re in trouble!</p>
<p>Unfortunately, the truth is that a high winning percentage has little to do with being a profitable trader. In reality, it’s easy to have 90% of winning trades and still lose money.</p>
<p>Don’t believe me? Go ahead a search online search for the “turtle traders”. If you’re familiar with them, you’ll know that they are very profitable traders with only a 20% winning trade percentage.</p>
<p>Allow me to explain</p>
<p>Imagine you make 10 trades in a month, and 9 of these trades are profitable for $1 per winning trade. This means that you have a winning percentage of 90%, with $9 in profit.</p>
<p>And if you have only 1 losing trade out of 10 (i.e. 10% losing trades), but you lose $10 on that one losing trade. In total, you would have lost ($9 &#8211; $10) $1 among all your ten trades.</p>
<p>Can you now see why a high winning percentage doesn’t mean that you’ll be a successful trader? You see, it’s not about how often you win, but how MUCH you win.</p>
<p>So don’t fall for the marketing tricks</p>
<p>Many advertisers use high winning percentages as a sales tool to get you to buy the trading systems they are selling. They know that traders like to win all the time, and who doesn’t like to win often? These advertisers try to appeal to everyone’s desire to win, and unfortunately many people fall for their trap.</p>
<p>Conclusion</p>
<p>It’s easy to have 90% winning trades and still be a losing trader. At the same time, you can have a low winning percentage, but be a very profitable trader. In reality, winning percentages have very little to do with a trader’s success.</p>
<p>So don’t fall into the advertisers’ trap when you see their “high winning percentage” claims next time. When people use high winning percentages as a sales pitch, chances are that they know very little about what it truly takes to be a successful trader. Be careful!</p></div>
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		<title>Forex Trading Reviews &#8211; Is FAP Turbo software a scam?</title>
		<link>http://my-forex-wiz.com/forex-trading-reviews-is-fap-turbo-software-a-scam/</link>
		<comments>http://my-forex-wiz.com/forex-trading-reviews-is-fap-turbo-software-a-scam/#comments</comments>
		<pubDate>Fri, 31 Jul 2009 13:18:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Expert Interview Agent asked: Forex Trading Reviews &#8211; Is FAP Turbo software a scam?We here at Only-Top-Rated Forex Product Reviews have personally tried and tested Several Forex Products on the Market and after filtering out all the Rubbish, have found three genunine Forex trading systems that actually work and give some outstanding results.When looking at [...]]]></description>
			<content:encoded><![CDATA[<div style="float:left; padding: 12px"><a href="http://my-forex-wiz.com/wp-content/uploads/2009/09/forex_trading_tricks19.jpg"><img src="/wp-content/uploads/2009/09/forex_trading_tricks19.jpg" title='' alt='' /></a></div>
<div><em><strong>Expert Interview Agent</strong> asked: </em><br/><br/><br/><strong>Forex Trading Reviews &#8211; Is FAP Turbo software a scam</strong>?<br/><br/>We here at Only-Top-Rated <strong>Forex Product Reviews</strong> have personally tried and tested Several Forex Products on the Market and after filtering out all the Rubbish, have found three genunine Forex trading systems that actually work and give some outstanding results.<br/><br/>When looking at potential <strong>Forex trading software</strong> programs online, many people fall prey to clever little tricks and tactics employed by the program owners to inflate or distort the program’s effectiveness.<br/><br/>One such tactic is by displaying the &#8220;back test&#8221; results.<br/><br/>The back test results represent the results of the software running in demo mode and although they can give a decent representation of how well the software can perform, they also can be doctored to fit the bill.<br/><br/>The thing you need to pay attention to is the equity curve (showing your potential rise in earnings each day/week/month).<br/><br/>After visiting the FAP Turbo Review website and looking at the back test equity curve, FAP Turbo seemed at first like so many of the other Forex trading programs out there&#8230;a little too good to be true for my liking.<br/><br/>So, in order to establish whether the FAP Turbo system is legit or not, we need to consider the following factors:<br/><br/><strong>1. Winning Percentage</strong><br/><br/>The first and foremost key to a good Forex robot is the winning percentage it produces. Now, many people take figures that are produced over a couple of weeks as golden, but the real secret is to look at long term figures for a better representation.<br/><br/>The beauty of FAP Turbo is that the winning rate in the past 9 years has been 95% on average, with live testing showing even better winning percentages.<br/><br/>Clearly, the software can make you money from this factor alone.<br/><br/><strong>2. Drawdown</strong><br/><br/>Drawdown is also an important consideration when choosing Forex trading software because it measures the maximum percentage of capital that the software has lost you.<br/><br/>It&#8217;s worth knowing that the average Forex trading software can have drawdowns of around 10 or even 20 %. After evaluating and reviewing the FAP Turbo system, we were excited to see that their software boasts an average drawdown of just 0.35%&#8230;very impressive.<br/><br/>As you can see, these figures are pretty promising when it comes to Forex trading software that will make you money on autopilot.<br/><br/>What we found out during our extensive review (see bottom of article) is that the FAP Turbo software seems to trade for long term rather than short term, and makes you money from trends that are more stable as a result (probably why the success rate is more predictable for so many people).<br/><br/>We also noticed even before trying out the software that the videos, screenshots and other elements of proof on their website are pretty consistent&#8230;because the back test results and the live results share a similar pattern of equity growth, whereas many bogus schemes will show inconsistencies in their results because their back tests are falsified to inflate the true performance (using different rules in demo mode compared to real live trading).<br/><br/>When you consider the substantial evidence and the impressive trading figures that FAP Turbo has been delivering for nearly 10 years now, it&#8217;s hard to turn a blind eye to such a powerfully automated trading machine.<br/><br/><br/><br/></div>
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