Having established itself over 10 years of excellent service, NetPicks is one of the most well known trading signal providers. Netpicks has been around for awhile being a system that includes both integrity and profit and it has outlasted a lot of systems that have burnt out.

I decided to take a closer look after I realized their results suggested they are doing a lot of things "right". I was particularly haggard to their new auto-trading overhaul. I just love black box trading, as you users of TSim and my regular readers already know., but I'll come to that a little later, first I want to cover the service in general.

Mechanical Trading System

In a nutshell, NetPicks offer a mechanical trading system. Once you've signed up, the optimal strategy of when to trade is worked out for you. Each day they send you what they call their Key Numbers for the session ahead. These numbers give you a clear idea about how and when you enter, the exit target, stop loss and reversal points too. In different words, you are told exactly where to buy and delude - there is no perceptiveness entangled.

There are two flavours of system on offer - the EMini Day Trader, and the Forex Trading system. The EMini service actually covers the S&P, Nasdaq, Dow, and Russell US futures as well as the Dax and EuroStoxx which are popular in Europe and are gaining popularity in the US. With so many contracting options available to you, having a large cash reserve is not a requirement to getting started. (Mini Dow contracts are $5).

Both the EMini and Forex systems work in the same basic manner. Two lots are traded, with a specified aim for the gear, and a down forestall for the sec. You'll be able to both benefit from average size moves, as well as profiting from the longer trends.

EMini's version is strictly for day trading, and closes out every position when each session ends. Forex is slightly different because it's a 24 hour market, but there are clear rules as to when you should be trading or not, and so essentially it is also a real day trading system. Results

Mechanical trading systems by their nature, expect periods of drawdown. The frequency and depth of drawdowns often separates the winners from the losers.

Gauged in this manner, NetPicks certainly impresses. One excellent example is Eurostoxx, they have only had one drawdown month is more than one year of trades. Up until the present time, it has been averaging 180 points monthly. That might not channel equivalent a big transact, but bear in remember you can easily growth the wares of lots traded as your relationship equilibrium grows, and you see that with returns like that month in period out, you can do really nicely indeed.

Its a contender, the Forex version, although quite new to the futures market it is already showing great promise. For example, the USD/CHF Swiss Franc pair has not had a single losing month, and is averaging over 150 pips a month.

The largest drawdown the system has suffered in one month is 2%, which is modest by any standard. Automated Currency Trading is a mechanical trading system which just tells you what to do and you need not have to think. But when the proper moment comes you still have to pull the trigger when the system tells you to Buy or Sell, a problem for some traders who tend to hesitate. NetPicks have gone to the root of mechanical trading and have introduced automatic trading for their forex product.

Actually is not quite 'automated' in the sense that, say, TSim can automate trades. Instead all you have to do is sign up with one of their partnering brokers and they will take care of the trading for you. For accounts up to 10k, an extra $100 have to be paid every month over the standard service. there is a sliding scale for the management fee. If you want your trading signals taken care of by someone else, this really is the ultimate in 'set and forget'!

brokers and forex are the two partnerscom (part of the huge Gain Capital Group), and RobbinsFX too. Try WorldCupAdvisor.com. new account with the former has the advantage of earning you a free month of the autotrading service. the money making system offered by net picks is a tried and tested one. Like all mechanical systems, it will see some drawdown, but this is relatively small, and can easily be balanced out by trading multiple Emini contracts or currency pairs.

a steady income whilst learning to trade, a 'hedge fund', or simply a set-and-forget investment offering a higher return than any bank account can.

NetPicks helps people who are having difficulties trading earn income without resorting to a professional trader.

NetPicks is so confident in their goods that they'll give you a fourteen-day free trial, and they should be confident. You can make easy money from trading at under $200 a month for this system.

If you want to know our specific results and see more unbiased customer options just visit the full Netpicks Review. to read a FREE report about this Netpicks Live Forex Signal Service.