good way to trade forex

[abdala]

i know here is allot of my friends trading Forex from longs time . i am here to learn some thing new , any body can tell me there own opinion about which is the best way to trade Forex

[Easy Trader]

abdala, I personally have found success in price action trading. From my personal experience I think that if a foundation is made with PA trading then the sky is the limit as far a implimenting other tools/strategies. With out it many traders (myself included) find themselves cycling endlessly through various combanations of indicators/EA's to find a "system" that reaps profits. Instead of using indicators to "indicate". But in the world of trading their is more than one road to success.

[abdala]

from which broker you trading

[Easy Trader]

I use Alpari-US and also FXCM

[abdala]

is alpari and fxcm good becoz i am trading demo with acfx .if you have any good tips you can give me plz . so that will help me trade good way

[Easy Trader]

Originally Posted by abdala

is alpari and fxcm good becoz i am trading demo with acfx .if you have any good tips you can give me plz . so that will help me trade good way

I personally don't know much about acfx. as far as the brokers I use I never have had any problem with them. They are both reputable from my personal experience. I don't trade any lower than 1H timeframe(i think this makes a huge difference). On demo I pretty much pick any broker and give them a try. I have 2 demo accounts now also FXpro/Forex.com. I like to demo with all different brokers/GMT etc...If you are demo and are very new than pick 2 and check them out. In the learning stage my suggestion would be to stick with a popular broker and consentrate on trade approach/system/strategy. Also the more stable you keep your money managment will also help, doing everything you can to isolate success or failures to the system/strategy. This way when you have confidence in your strategy to the market you can then determine what broker suits your needs and what risk profile you are comforable with. The more things that get switched around (MM/broker/timeframes) the harder it is to determine what is working and what is not.

[Haley12]

Easy Trader, your suggestion is really useful for newbie just like me. I think, using Demo or practice account is the best way to learn trading strategy, system and being familiar with its other important factors.

[abdala]

easy trader , thanks allot for ur tips , i am very happy to learn from you .

[bestforexpartners]

Always remember that the forex market comprises several exchanges; hence, always keeps this in your mind before creating a forex trading system routine as, here there are lots of differences between the forex market and other markets. Also, if you are new to the forex market and has been trading only in the stock market, you may not be wishing to get caught through any mistakes.

[forexgirl00]

I think having a good Signaling tool and staying on top of the market will bring you the most success. There is alot out there . You need to feel comfortable with what you choose . And remember you won't be positive in all your trades. You have to look at your return average.