The Difference Between These Two Great Trading Systems

by Glenn Fisher

They’re both quality systems...

They’ve both a lot of good points in common.

Both performed excellently in beta-testing. Both have excellent support from two great blokes. And both have the potential to return excellent tax-free profits.

But I’ve received a lot of emails from readers who like the look of both and wonder which might be the best.

In my opinion, there is no ‘best’ between these two.

In fact, I think they’re a perfect pair to run alongside each other.

As I always say whenever I’m asked this question of ‘the best system’, it’s more important to work out which system is right for you.

That’s what really counts.

So, today I just wanted to clear up the differences between John Piper’s Profit Before Work System and Richard Hill’s Forex ‘Net Trap’ System.

Hopefully, by doing so, you’ll be able to see which you think is more appropriate to your needs.

The difference between these two great systems

The main, fundamental difference between the systems is the markets they focus on.

John’s Profit Before Work uses movements on the FTSE to pull in its profits...

Whereas Richard’s ‘Net Trap’ System takes advantage of the relationship between different currencies on the forex market.

So, if you like the idea of making money from forex, Richard’s system might be the first port of call for you.

But if you prefer straight up trading on the regular financial markets - Profit Before Work’s your best bet to begin with.

Got a forex bent? Then check this out. - Forex ‘Net Trap’ System

More of a FTSE follower? This is the one for you - Profit Before Work System

Of course, that’s the focus of the systems - what about the execution?

Both are early morning affairs that you can get done and out of the way before you have to get on with the rest of your day.

With John’s Profit Before Work, it’s pretty much just before you leave the house (at least it’s when I do), getting down to business at 8am to 8.30am mainly.

But with Richard’s Forex ‘Net Trap’ System you’re in the action a little earlier - getting your trade locked and loaded at 6.30am.

So, if timing’s an element for you this might come in to play...

Early bird? Try John’s Profit Before Work System.

Earlier bird? Make the most of Richard’s Forex ‘Net Trap’ System.

As for the execution of the systems themselves. Here they share a similar approach...

Both involve checking one particular chart for a specific signal and then - if the signal’s there - you get your trade on.

And both have great risk limiting factors built in so that you’re always aware of the very most you could lose and that amount is kept to a real minimum.

OK. So, I’m sure you want to know the score with profit potential too.

Well, let’s take a proper look.

A proper look at profit potential

Now, during testing John’s Profit Before Work generated greater profits - over the 3 months an average of £3,140.

And so we’re clear. That’s with £10 trading.

Over the three month beta-tester period Richard’s system clocked - on average - £1,323.

Couple of things to consider here, though.

First, John’s system had a particularly good month during testing which ups that average a bit.

And Richard’s had a below par profit month, which lowers his a little.

Second, to get those really huge months with John’s system, you’ll sometimes have to place more than one trade a day.

With Richard’s system it’s only ever one.

So, you can see that though you have perhaps a higher profit potential with Profit Before Work, the Forex ‘Net Trap’ System can sometimes be a lot quicker and simpler.

Either way, if you can spare the time each morning that these systems take to put into practice - and it’s really not long at all - you can be assured that all the profits you do pick up are completely tax-free.

That’s a huge bonus, I think.

So, hopefully this has helped you see which system could be the most right for you... for your needs.

As I say, both systems are provided by great chaps who really make it their goal to help you emulate their money making skills.

Both provide great support, answering emails and providing weekly updates on how the systems are performing and dealing with questions that are raised by people who are already using the system.

What I’d do is have another read through my message and when a difference between the two grabs you and for one reason or another you sway toward that system...

Give that a trial run first.

Of course, if - and hopefully when - you start pulling in regular profits from it, you can look to expand your options and maybe give the one you overlooked a chance too.

Personally, I’m very proud to be able to tell you about two of the simplest and most profitable systems about right now.

I’m pleased for both John and Richard that the systems are working so well and I’m pleased that as we head into 2010, these systems are sure to be major players in the success of a lot of Shortcut readers.

I’d like that to include you too.

So, if John’s Profit Before Work System is the one you’re waying towards, read John’s report here.

But, if you’re excited by the sound of Richard’s Forex ‘Net Trap’ System, read Richard’s report here.

Best Wishes,

Glenn Fisher
Editor
Shortcut Bulletin

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The Difference Between These Two Great Trading Systems

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