NetPicks is one of the most well established trading signal provider services, having been in business for almost ten years. 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.

In fact, their results express they are doing a lot of things "right", so I decided to stand a closer await. I particularly liked their new auto-trading function. (loyal readers as well as those who use TSim already realize how much I like black box trading!), 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. NetPicks, a trading signal provider servicer lets you sign up as a member, that does the thinking for you, and tells you when to trade. Every day you'll receive your 'Key Numbers' for upcoming sessions. 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.

You can pick from a pair of versions for this plan - EMini Day Trader or the Forex Trading method. The EMini services cover the S&P, Nasdaq, Dow, and Russell US futures and they also include the popular European Dax and Eurostoxx markets. With a good variety of different priced contracts to choose from, you don't necessarily need a big account balance to get started (tiny Dow contract be $5).

EMini and Forex are the two systems and they process in same way. Two lots are traded, with a fixed target for the first, and a trailing stop for the second. You need good balance between catching average size moves, while positioning yourself to be profitable with longer trends when they occur.

with positions closed out before the end of the session. 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. Mechanical trading systems by their nature, expect periods of drawdown. What separates the winners from those that come and go are the frequency and depth of those drawdowns.

NetPicks is impressive by that measure. One excellent example is Eurostoxx, they have only had one drawdown month is more than one year of trades. One hundred and eighty points every single month is the average so far. but bear in mind you can easily increase the number of lots traded as your account balance grows, and you see that with returns like that month in month out, you can do very 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 Or Swiss Franc The pair has been through a winning spree, has not suffered one loss all these months and has a stunning average of more than 150 pips per month.

2% is the largest draw down that the system has ever suffered in a month, which is modest by any standard. How to Utilize a Mechanical Trading System

Instead of investing time in guesswork about trading, you work with this automated system and it determines the trades for you.

However, you still have to pull the trigger when the system says Buy or Sell - a problem for some traders, who hesitate at the vital moment. Netpicks now has available automatic trading for forex, they are now a true competitor.

The trades are not as automated as you might think, TSim and make the trades automated. The first step is to contact one of the two partner brokers, sign up and then allow the broker to trade the signals for you. For accounts up to 10k, an extra $100 have to be paid every month over the standard service. After the total in your account is higher than that, a sliding scale is applied to determine the management charge. If you want your trading signals taken care of by someone else, this really is the ultimate in 'set and forget'!

forex.com (a portion of the big Gain Capital Group)as well as RobbinsFX 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. it will see some drawdown, but this is relatively small, and can easily be balanced out by trading multiple Emini contracts or currency pairs.

I can see several ways of using the service - 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 demonstrates their well-deserved faith in what they offer by providing a two-week complimentary trial. At below $200 a month for the system, for several people this will happen to be the uncomplicated means to earn cash from trading.