MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trading Methodologies » Tools of the Trade

[novice@fx]

Hi,

I am new to trading and figured FX, being a 24 Hour market; I would be able to trade after work. At present I managed to download FXCM software and been playing round with it for about two weeks. Now here is my concern/problem, which trading system I should choose, in other words which one is the best? Plus how would one decide which one is the best (ideally one wants a system which is the most reliable, profitable and extendable). Guys I need some suggestions.

[elmagd2000]

Novice,

You have 2 ways:
- To trust recommendations and beliefs towards one of retail trading packages available around and use it blind. There are alot of talks about on moneytec
(MHV, Braintrading, AscTrend, 5min. system ...etc.)

- Go the harder way and use a charting & analytical software to check many available tailored systems on moneytec ( on think tank-system devolopment or trading methods & strategies forums)
the second way will lead to finding a self-fitting system to your style and risk tolerance which is the most important clue.

Hope that helps

Hani

[novice@fx]

Hi Hani,

I thanks very much for such a prompt reply. I am going to investigate and will get back to you. once again cheers.

--joe