Anyone Know Of A Good Forex Trading System Something That Really Works -thanks?
January 4, 2010 by admin
Filed under Ikofx | Forex Stories
I know you’re not going to hold this but….. the usually complement which will work for you…. is the complement which you create.
Here’s a good book of interviews of successful traders;
Millionair Traders, by Lien and Schlossberg
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Hi,
I try to outline what it takes to create the best FOREX trading system you can put together in five basic steps.
1. Your method must be simple with just a few rules.
2. Learn to spot opportunities. Try to find the suitable long-term trends, then move up from there to daily charts, and then to time entries.
3. Employ the Breakout Method. These happen all the time, so try to create a system that follows a breakout.
4. Watch for timing entries. You can spot these when you take note of breaks in a chart. You can then cross-verify this with stochastics by looking for the divergence in the bullish and bearish trend. You can also use Bollinger Bands to tag your scales so you will know when they reach out of range.
5. Proper money management will indicate your stamina in the game. If you follow a breakout method, a trade can go well and fast in your favor or snap back and go back on you.
Building your profitable FOREX trading system will take time, but these steps that we have outlined should make things easier for you.
I have tried a lot of these and the one I currently use as a full time Forex trader is FAP Turbo. Check out this review site if you want a detailed feature comparison on the top three Forex trading systems; http://www.forexrobotsite.com
You can also visit the FAP Turbo site at;
http://www.fapturbo-site.com
Good luck
There is quite a lot of money available in the forex market if you know what your doing.. unfortunately that takes a long time to master.
I definitely recommend metatrader (mt4) expert advisors (robots that trade forex automatically for you)…
For info about the many different brandsversions and types check out this blog:http://compareexpertadvisors.blogspot.co…
Just and unbiased opinion you might wanna contact these folks http://profits.pip4profitfund.biz/