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My friend says he has a foolproof trading system. Is this possible?

Investors have often looked to stock trading systems for a rote or mechanical way of making the difficult choice among stocks. On the Internet, investors can communicate easily about different schools of thought on trading systems and extravagant claims for success are easy to make, trading systems have therefore become even more popular. Some are a theoretical framework; others exist as web sites or trading software. The caution "if it seems too good to be true, it probably is" applies. No mechanical system can replace having a well thought out approach to investing and doing detailed research to support each investment decision.