Which is the best forex trading system?
Question:
Answer:
That depends on the time frame in which you want to trade; intraday trading or swing trading.
There are advantages to day trading as well as position trading as well as you want to find out which one fits your schedule and personality the best.
Here are two methods which cover both time frames, http://jcls-forex.com/forex-trading-stra...
I personally think ACM (Advanced Currency Markets) is the best. They only do forex, have guaranteed fills (wyciwyg=what you see is what you get), one click ordering etc .
I like the conservative approach of simply trading with a hedge strategy. I make a very nice consistent monthly return and I don't spend time staring at a computer screen.
The cool part is that I no longer have to worry about guessing if the market is going up or down.I make money either way. And as a kicker I get paid an interest payment every day.7 days a week.
I guess for the Forex market this is pretty boring..but it greatly reduces the risk and the money is sweeeet.
Good luck.
Paul
Hi,
There are many forex trading systems and methods it belongs on you funds, your character and many othe factors. But basic is so called system 1-2-3. This system is fundation of many others.
I could introduce you to one of forex broker leaders that is located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG.
They have very tight spreads. Total 25 currency pairs, Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.
LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.
MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 - 0.5%
25,000 to 1,000,000 - 1%
1,000,000 to 5,000,000 - 2%
5,000,000 to 10,000,000 - 3%
Above 10,000,000 - 5%
Please note that on weekends and holidays margin requirements remains the same.
SWAPS are counted as negative as positive. Also is available swap-free accounts.
STOP and LIMIT orders may be placed as close as 5 pips from market price
TRADING TERMINAL Meta Trader 4.
Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.
Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage.
This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).
If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.
Good luck!
The best forex trading system is one which:
- Doesn't force you to trade with high leverage (high leverage will kill you).
- Makes you trade 1 currency only (keep focused).
- Makes you trade in 1 direction only (Trade the trend - the trend is your friend).
- Is adequately backtested.
The best forex systems are simple and conservative - you want to be around for the long run.
As far as systems go, there really is no perfect one as the markets change constantly and unless you know for sure what they are going to do then you really cannot use any system. You need to adjust your trade as the market changes so you know when to buy or sell a currency pair. I suggest joining an investment club. The one i am with sends out weekly emails explaining why a trade was made at the time it was, plus it averages a return of 5.3% per month and there are no fees. If you would like more information write to me at billone44@yahoo.com
Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It is drawing attention ever since it is open to Online trading. Forex trading can be very profitable if you take your time to do a proper research, understanding various options and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs.
There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system.
1. Testimonials: Is there anyone out there who is trying to sell a system and show you testimonials from the people who actually didn't like the system? Highly unlikely. You should do proper research before indulging into a system that is completely new to you.
2. Profit: Do you want to work with a Forex Trading system that breaks even? Why? If you keep the money in your home, you will still break even, then why take all the hassles of setting up an Forex Trading account and do all the work. Really speaking, you should always do some research on how profitable a particular trading system is?
3. Drawdown: The maximum drawdown of trading system is defined as the greatest peak-to-valley drawdown in a trading system’s equity. Maximum drawdown gives us a measure of the survivability of the trading system.
4. Time to profit: The actual time it takes to achieve the results with a particular trading system. You should plan to have a long and profitable relationship with your trading system.
Try to use a trading system that let you open a Demo account so that you can practice and learn about Forex Trading without risking any money.
I have tried many of these systems in my quest to simplify my trading experience. I personally have found FreedomRocks to be the system that has worked for me. I have found no bad information on this system from anybody that has actually used it. I have found many skeptics and bashers but nothing from those that have actually tried at least the free trial they offer.
Below are a couple of links I have found in my travels around the web:
http://www.yourforexinvestor.com...
http://www.babypips.com
To Your Success,
Brandon Wells
More Related Questions & Answers...