A Forex Trading system that works
Before using a Forex trading method, whatever it is, it is essential to test it on a virtual Forex account, but more especially, to check its effectiveness, look at the past charts and check how many winning orloosing trades the method generates. No method is effective at 100% and all those who try to sell you this type of method get rich by the sales of their expensive ebooks, rather than by Forex. If I would hold a method as effective as affirmed by certain salesmen, I would not waste my time in intensive marketing to sell it, I would apply it with a real account at the forex! I personally apply a method which gives me good results: an average of approximately 70 % of winning trades over a month. I will not sell this method to you, but quite simply will offer it to you. If it succeeds for me, it can to also bring the success to you, but there is no guarantee of success. I have to specify that Forex implies financial risks, and that the amount which you engage on Forex can bring back money to you, but you can also lose all your money. This article does not represent an incentive to invest on Forex or any other system, and you must be conscious that you assume your own risks as soon as you invest on a market like Forex. And now, about the method… In order to apply my Forex Method, you need to have a minimum knowledge about how to read charts, or how to set indicators. First Step: You need to set your chart to a 30 minutes timeframe Second Step: Set up 2 indicators: one simple moving average (MA) set to 4 period - one MA set to 75 period The method is quit simple, and gives you BUY or SELL signals: - If MA4 crosses MA75 upwards, then BUY the pair - If MA4 crosses MA75 downwards, then SELL the pair Does it seem to easy to work?? Take a look at the history of charts, you will be amazed by the results! Some important tips about this method: - Protect your trade with a Stop Loss, set at 25 pips from the entry point - Try to get quick profit from your trade: do not wait for a +150 pips result, +15/25 pips is a good level! - Do not trade against the trend: if all indicators are “up”, do not trade “down”, you will never change the market, even you think you are right!Daily Forex Trader, giving away trade ideas, NO signals!! Please, visit http://forex.webophil.net
Source: www.ArticlePros.com

The 3 Biggest Reasons Why Trading Indicators Are Overrated
It’s really a shame that many traders feel that the forex market can only be traded when using indicators In fact, most traders absolutely flood their charts with one needless indicator on top of another Its sad that some people think their chances of success increase with every indicator that they put on their charts . .Well let’s put an end to this right now Here are the 3 biggest reasons why indicators are so overrated: . .They are generally lagging I know that when it comes to back testing, indicators look amazing That’s why newbies get so excited with them It looks like they are the holy grail when you back test them However, there is one little problem with back testing It doesn’t look that accurate in real time, which is what matters in order to succeed . .They don’t tell you anything about the market You can get almost anybody to trade with indicators How hard is it to trade with stochastics? You buy when the market is oversold and you sell when the market is overbought But what exactly does this have to do with the market What are you really learning about the market Do you think that most big time traders really care about whether stochastics are showing oversold or overbought? I don’t think so . .You don”t even have to look at the price This is by far the biggest problem with using indicators It has to do with the fact in how people use them They are mostly used in mechanical trading systems What this means is that all they have to do is blindly follow the indicators The price is completely irrelevant How crazy is that?.
Source: www.rsstnx.com

Do Forex Expert Advisors Really Make Money
If you are a part of the forex community, I am absolutely certain that you have heard about forex expert advisors In fact, people are going crazy about these trading robots But the question still remains do they actually work, and more importantly does it make money? . .After all, just because you see hundreds of threads dedicated to this subject on forex forums doesn’t mean that people are having success with it Think about it How many of these threads do you see where traders have had any kind of success in the long term? I’m guessing, just like me, you haven’t noticed too many . .Why do you think that is? . .I think it has to do with the simple fact that markets cannot ever be programmable Also, how could you even trust a robot to blindly trade for you? That is not even taking into account that you have to trust your broker . .Forex brokers (well all investment brokers for that matter) are well known for their questionable practices, for example hunting for stop losses in their own trader’s accounts . .Can you possibly imagine the kind of unknown tactics a broker can use to purposely lose money from your own trading account, which using these forex brokers? . .Beyond that, let’s look at this rationally The forex market is just too incredibly complicated to have a forex robot trade the market on autopilot . .Think about all the news that comes out every single day Do you really expect the expert advisor to understand the nuances of how to trade the market when Fed just raised the interest rate by half of a point instead of the expected one point rate hike? I really don’t think so .
Source: www.rsstnx.com