They promise you financial freedom and a regular income, for a one off cost of around a hundred dollars or so and even better, you get a track record that makes more money than the world's top fund managers with less drawdown!

Sounds to good to be true?

Of course it is – these systems all lose and that's why there cheap.

None of the systems present real track records just simulations going pack over back data, where the vendor has the key advantage of knowing the closing price! Some vendors put out what they say are real track records but there is never any verification, from a neutral party and you have to take the word of the person selling the system!

If you want to trade with an automated currency trading system, you need to accept drawdown in the short term and be realistic about long term gains. The best systems will make money long term but you need to be patient in the short term. You will find a great FREE Currency Trading System in the free info section of this site; it's been used by some of the world's top traders for over 30 years and will always make money – check it out, its free and you have everything to gain and nothing to lose by looking at it further.

Whatever currency trading system you use, make sure you are confident in it and this means, you need to know the logic its based on. If you don't know the logic and have confidence in it, chances are, you won't be able to follow it with discipline, so never buy a “black box” trading system where the logic is not revealed.

When choosing an automated currency trading system, make sure you take your time, get evidence that it has made money in the past in real time trading, make sure you are happy with the drawdowns it incurs and last but not least, make sure you know the logic, so you can follow it with discipline and trade it to long term currency trading success.