Special Guest Post
Trading is difficult. In fact, industry legend states that over 90% of traders lose money on a regular basis. The truth is that very few traders are consistently profitable over the long term. Becoming a professional trader involves a huge sacrifice of time and energy, and most professional traders agree that it takes several years to develop the full skills set necessary in order to make money in financial markets consistently. However, for those interested there is good news! A person does not have to trade to make money in the forex market.
If a person is interested in investing in the forex market but does not have the time, energy, or inclination to become a trader himself, a second option is to find a reputable, profitable fund manager to manage his money. This route is good if you want to simply invest in a fund and be hands off. Unfortunately, the managed forex account threshold for many funds is at least $50,000 or more, and many require investors be accredited investors, which means investors must have a minimum net worth of $1,000,000. These financial requirements make it impossible for many investors to invest in a fund. Fortunately, there is one more option.
If a person does not want to trade himself and does not want to make a large initial investment, there is one more option—to purchase an expert advisor. An expert advisor (EA) is a computer forex software program that executes trades for a person. It is like having a computer trade for you. The internet is full of EA’s selling for only $99 that promise endless profits. Unfortunately, most of these offers online are complete scams. However, there are some really reputable EA’s on the market, and one is the Leah Trading System by CTSForex.
First of all, the Leah Trading System is not a software program that you purchase and own, which is how most EA’s operate. Instead, the Leah Trading System from CTSForex is a computerized expert advisor that is hosted on a remote server. During registration, you provide your Forex managed accounts number and password, and the remote server will attached to your trading account and trades for you. You pay for it on a monthly basis. This business model that CTSForex has established is great for the buyer. First of all, most EA’s simply take your $99, give you a junk piece of software, and you never hear from them again. If you have any technical troubles or want to return the software, you are most often out of luck. CTSForex is different. By offering their service on a monthly basis, they are “walking the talk.” If people are losing money with the system, no one is going to renew monthly subscriptions, so you know CTSForex must have confidence in their system if they are willing to establish such a business model.
At www.ctsforex.com a person can find incredible amounts of detail about the Leah Trading System including live open trades, historical performance, and risk management. A few of the highlights include:
- Estimated Pips Gained Between 2001-2008—43,390 pips on forex demo account
- 20+ Months of Live Trading Results
- Target Annual ROI—40%
- High Risk/High Reward
One of the reassuring aspects of the CTSForex is their willingness to disclose risk and communicate the difficulties of the forex market. Many companies selling EA’s for $99 make bold promises about earning 20% returns per month and turning $10,000 into over $1,000,000 in a year, and they have never even been tested on real account, only on a forex demo account. These audacious claims are at best misleading and at worse outright lies. At CTSForex, the company clearly communicates the risk management plan. No trades will exceed a 100 pip loss, and no trades will exceed a 240 pip gain.
CTSForex is owned and operated by Winsor Hoang, and the website offers a detailed bio of his background, which is another thing that separates CTSForex apart from other companies. Most companies selling EA’s are fly-by-night operations with no detail such as owner background. Mr. Hoang has a distinguished background in engineering and trading, which has helped develop the current Leah Trading System.
