My teacher of a manual trading system insisted that the automated trading systems that could "print money" was a fantasy. Only fueled by trader's dreams of having a money tree and huckster's feeding that dream. He says you can automate certain tasks, but not FULLY automated and "print money" consistently to live off of. You must analize charts/news and make trading decisions manually yourself. I was wondering what you think of that statement? I see an entire forum dedicated to automated trading systems. He used to be a broker for several firms and a floor broker in Chicago and has 20+ years experience in the markets. Exception: those people that start with large balances $100k or $1mil or more could average 10-20% annualized with fully automated systems. What do I think: I think it may be possible (100% fully automated), but it won't be sold for $49.99 But even at $10,000, the price is irrelevant. How could you tell the scammer from the legit system? I was interested to know your thoughts and opinions.