The Best Way on Forex

[TraderJ]

I use and love my 4x Made Easy. "If I have done wrong by saying that please let me know. I do not want to break any forum rule, but I thought that is what this thread is asking. What we use." I love it because it trades 2.5 billion a day, 6 days a week, no commissions, no Martha no Enron co corp. fraud. That speaks also to my love of Forex above stocks in general. Also my first post here and love the wealth of knowledge in the posts. Really great stuff!

[jjgallow]

I would vote for "Study by yourself" and "Develop your own system", but I can't vote for two so I voted for the former.


I learn best on my own and I feel that a lot of people attracted to the market technicals are similar. Penny Stockers are the social butterflies, lol

The problem is that each strategy has a value, and for every person who learns it that value is diluted. That market constantly changes and requires a system that changes with it. A mentor would be nice, but I wouldn't trust one that charged money (because they should already have enough of it if I'm to learn from them) and I don't know anyone who is willing to hand-feed me, lol

[ForexNewbie2]

Personally, I'm looking into forex simulator programs. Seems to me the first thing one needs to do is practice, practice, practice and I would think that a standalone software program would expedite the process - kinda like the gaming programs one uses to familiarize oneself with various casino games. If you have any recommendations about such programs I'm all ears.

[Johan Verc]

A mentor is a must
One can not become a expert if U are not trained by a expert
But U must get to the right expert (mentor)
99.9 courses in forex is not worth the money you pay for it
They tell you every thing but not what you should know about the markets
Look for a course where the mentor give live training and 24 hr support
Forex is not easy
The course sellers make all the money and most of them don't even trade them selfs
But to find a good mentor is not easy
I am busy and working on something
Will report back in the next couple of weeks

Happy trading

[shaklfree]

Johan...who is on your list of recommended mentors?

[Johan Verc]

Shaklfree,

I am busy with one now and will first work it through and then report back but it is going to take a couple of weeks
I will report as I go along but will not mention any names as yet
I have done several courses all crap I know I have been there at a cost of a lot of money
This one takes a different aproach by teaching you to read the market and then to do a projection of where the maket will go and support with live training
So just be patient and look out for my posts

[WmWaster]

I'm a technical analyst, so I believe an auto-trading system does work.

Many feel buying someone's else trading system is foolish since they won't sell it if it works. But the truth is there're some genuine trading systems available which do work. Provided that you can create your own successful trading system, why the guru can't? What's more there're existing well-known indicators/trading methods which are available to the public and still work.

I know there are a lot of scammers who sell rubbish trading systems, so if you do wish to purchase one, you have to research carefully as chances are likely that you are purchasing rubbish if you don't do your own research about the author/creator and the company's background!

[Johan Verc]

WmMaster
Very true but how does one know which ones work?