Free Forex Trade Advice?
Question:
I mean website that provides regular trading reccomendations.
Thanks in advance.
Answer:
I use http://www.forextradinghq.com/ to just give me the "bigger picture" in the forex market.
I tend to trade longer than two days, so I capture the general trend instead of risking my capital for the intra day volatility.
I also tend to focus on one currency pair - so if I know a lot about one currency is better then being "a jack of all trades master of none".
call 1-800-732-5407 and mention priority code GGPSI to speak with a representative who will provide you with VantagePoint predictions.
Here's the problem with "free" advise:
A trading system offered for free will stop working shortly after being published. The reason is simple: You need TWO people to trade: One is selling, and the other one is buying (or vice versa).
Let's say a trader publishes a GREAT trading system on the Internet, and thousands of people read about it. Suddenly there are thousands of traders that want to BUY at a certain price, and nobody wants to sell. Therefore prices might not reach the level at which you want to buy.
The Internet gives you a plethora of trading "ideas", but you have to tweak them to make them work.
Check out http://www.trade2win.com and http://www.elitetrader.com . You'll find plenty of free ideas here.
Then read the free eBook "How to make money with trading systems" by Rockwell Trading (http://www.rockwelltrading.com ) and use the knowledge to develop a profitable trading system based on the ideas you found.
Hope that helps. :-)
If you are going to trade Forex, (which I don't advise) watch out for the scam artists.
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