Choosing a Trading System

[Time2Fx]

I guess so!

 

[pde10d]

Are you talking about a specific software Pinalli ??

you ask pinali or me??sory

 

[Time2Fx]

you ask pinali or me??sory

maybe both!

 

[FXexpert]

It is and you have to do a lot of research and investigating when looking for a Forex broker or trading system.

 

[ganndos]

I think finally traders will stand on their own feets , they will find their own system trading... just about when!!

 

[FXexpert]

Developing your own system & techniques is always the best way to trade but it can be very difficult to do!

 

[Pinalli]

you ask pinali or me??sory

Hi all of you. I am not pointing out any specific system. I belive the major points that everyone should keep in mind before finalizing any system are:

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.

 

[khairul6355]

I already try 2 or 3 trading system, but I still comfortable with Marketiva.

 

[FXexpert]

Hi all of you. I am not pointing out any specific system. I belive the major points that everyone should keep in mind before finalizing any system are:

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 agree that creating your own trading system or strategy is a great way to make money in Forex but it takes time & a lot of testing on a demo, it's worth it though.

 

[Pinalli]

I agree that creating your own trading system or strategy is a great way to make money in Forex but it takes time & a lot of testing on a demo, it's worth it though.

yea... lots of time is actually taken in testing and examining system but the return is worthy enough to invest time in this.

 

[FXexpert]

True it is, & once you've mastered it on a demo you can start making large profits on a real acct.

 

[Pinalli]

True it is, & once you've mastered it on a demo you can start making large profits on a real acct.

And the greatest advantage is that Demos are free......

 

[R61i]

I prefer to use many EA for confirm in the same time.

 

[FXexpert]

Exactly, there's no risk of losing money and you can still try the system.

 

[FXexpert]

Yes trusted trading systems do that, is there a specific system you're referring to ??

 

[jimmytrader]

Whether a trading system is suitable for you ? Nobody except you can answer that...

The easier solution is to get hold of 10 great proven trading system...then try them out on a demo account...

Try it and see which one "feels" good for you...you need to trust it..and really used it throughout wins and losses..

If you don't believe it and follow it...even the greatest trading system will not make you a cent..

 

[metalx00]

ive been trying several tools,and this is very useful,it realy helps me a lot

 

[forexboy]

Whether a trading system is suitable for you ? Nobody except you can answer that...

The easier solution is to get hold of 10 great proven trading system...then try them out on a demo account...

Try it and see which one "feels" good for you...you need to trust it..and really used it throughout wins and losses..

If you don't believe it and follow it...even the greatest trading system will not make you a cent..

Nice idea but it requires a lot of effort to do this.

 

[forexexchangeguides]

Hi friends,

Doesn't matter which product you want to use but the most important is how good we are in this business? Are you really serious in this field? What course we have attended? Where are you now?

Think about it!

Cheers,

 

[FXexpert]

Whether a trading system is suitable for you ? Nobody except you can answer that...

The easier solution is to get hold of 10 great proven trading system...then try them out on a demo account...

Try it and see which one "feels" good for you...you need to trust it..and really used it throughout wins and losses..

If you don't believe it and follow it...even the greatest trading system will not make you a cent..

That is true, and different systems work for different people, it has to fit your Forex needs.