The Best Way on Forex

[4Xbillsmith]

Someone I know told me that this was the best forex trading system in the world. He said he only lost once and that trade had recovered, so basicly there was no loss. I have heard a lot of good things about this ultimate forex mastersystem. Its worth checking out for newbies or pros.

http://geocities.com/fxagents/

[cicero]

It is BS!!!!!!!
Please don't spam this Forum?
Thanks
c.

[javaindoforex]

good trading
http://www.javaindoforex.blogspot.com

[cicero]

Originally Posted by javaindoforex

good trading
http://www.javaindoforex.blogspot.com

Hey, the administrators are you sleeping????
Wake UP!!!!!!!!!!!!

[Jolinar]

I voted for "Study by Yourself and get Experience"

[hjs69]

My Trading Rules:

1. Stay incontrole of your emmotions.
2. Enter trade at Support/Resistace level where crossing of the 9/20 MA.
3. Entry tipes: Breakouts/ Pullbacks/ Normal Trade.
4. Alwys know where you are in the big picture.
5. Only trade on 3:1 oppertunity.
6. Preplan and Preset system - evalute
7. Dont get fooled by the news.
8. Volume must go with the trend.
9. MA as support & resistance.
10. Not to trade more than 20% of margin account, with min of 5% per trade.

There are some of my rule that I use to trade with any advise on this.

[jeromebr2]

Originally Posted by mishak

Dear Forex Fellows
Many of us have learned about forex at a free workshop, from a friend or an article.
There are various ways to continue and different approaches to become successful and profitable on the forex market. Here they are

• To attend more seminars, read books and forums, get some Experience and make trading decisions Yourself
• To sit side by side with a Mentor and Study his methods and techniques
• To subscribe for a Signal Alerts services or to get Live deals from a Guru on a chat/forum and trade according to them
• To buy a Software Package that gives you easy understandable signals or to buy a profitable Model/Strategy Description and trade according to it
• To subscribe for Analytical Reports/recommendations with fundamentals, trends, resistances and make your own judgement
• To take time to Develop and backtest your Own profitable System
• To pay monthly fees for a Robot which will make profits for you by itself
• To hire a Professional Forex portfolio/money Manager or to Invest in a Hedge fund
• To open a Managed account and learn by Monitoring the activity
• There is no way to become continually profitable on Forex

What do you think ? What is most suitable for you ?
Your input will be appreciated by our community

Thanks for those great guidelines. I am just getting into the forex business and I just wanted to share with you this forex trading education website I came across called forexface.com. Seems to have forex basics, free eBooks, and more advanced forex tutorials. Seems to be written by expert traders, and it's a very user friendly site too. Good luck to all of us.

[akshaytalwar]

Beginners Guide to Forex

What is Foreign Exchange?
The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.5 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen.

Where is the central location of the FX Market?
FX Trading is not centralized on an exchange, as with the stock and futures markets. The FX market is considered an Over the Counter (OTC) or 'Interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network.

Who are the participants in the FX Market?
The Forex market is called an 'Interbank' market due to the fact that historically it has been dominated by banks, including central banks, commercial banks, and investment banks. However, the percentage of other market participants is rapidly growing, and now includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, and private speculators.

When is the FX market open for trading?
A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

What kind of trading strategy should I use?
Currency traders make decisions using both technical factors and economic fundamentals. Technical traders use charts, trend lines, support and resistance levels, and numerous patterns and mathematical analyses to identify trading opportunities, whereas fundamentalists predict price movements by interpreting a wide variety of economic information, including news, government-issued indicators and reports, and even rumor. The most dramatic price movements however, occur when unexpected events happen. The event can range from a Central Bank raising domestic interest rates to the outcome of a political election or even an act of war. Nonetheless, more often it is the expectation of an event that drives the market rather than the event itself.