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I believe that Futures Truth can be of great benefit to a trader wishing to purchase a trading system. Experienced traders know that a huge percentage of material offered is of low quality, and some have been fraudulently promoted. I am embarrassed at some of the sales literature I get in the mail.
Here is how a trader can benefit most from Futures Truth, in my opinion:
1. Avoid systems that will not allow tracking by FT. If the vendor really expects the system to be successful, he will welcome the free attention.
2. Look for systems that have made multiple appearances on the top ten lists. One or two appearances might be a fluke or the result of unusual market action. Donąt expect any method to make the top ten every time, but multiple appearances should be cause for further investigation.
3. After you have found a few candidates, you might have FT run some special reports for you.
4. Consider the general approach of the system. The trader that craves action wonąt be satisfied with a long term system, even if profitable. Make sure you can live with the system.
5. Talk to the vendor and ask for a disclosure document or other verifiable track record of actual trading.
6. Donąt expect to buy the holy grail. The vendor who promises the most will not necessarily deliver the most.
You should know that I market a trading system that has been tracked by FT since 1990.
Peter W. Aan, CTA
PWA Futures
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