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  1. #1
    Kevin Pietersen
    Guest

    How to find out best Forex system?

    Steps to choose the best Forex system:

    1) Search for Forex trading systems: begin the decision making process by finding out what systems are available to you. Perform a Google search for ‘Forex Trading’ and browse the results. Just make sure, you follow the rest of the steps before signing up.

    2) Too good to be true: If an online Forex trading system makes promises or quotes status that seem too good to be true, the probably are. Even, sites that list statistics and percentages can be deliberately misleading. For instance, a site may claim 95% profitable trades, but that won’t tell you anything about how much money is being made. The remaining 5% that lost money constitute 90% of all investments made.

    3) Free is good: Starting to make money online with Forex can be intimidating. Which is way so many reputable Forex trading systems now offer practice session. These sessions provide you with large sums of practice money for you to try your hand at investing. Most of this frees session last 30 days, giving you plenty of time to test yourself and the Forex trading system you are considering.

    4) Profits: People become Forex traders with one intention: to make money, lot’s of it. When traders experience great gains or losses. They often make their result public, and they refer to their Forex trading system by name, perform a Google search for profitability statistics of the Forex trading system you are considering and see if the numbers match your expectation.

    5) Visit forums: Visiting Forex forums is a great way to find out what people really think about their trading system. Traders are constantly exchanging tips and experiences about services, profits and overall satisfaction with their Forex trading system. Join a forum or simply visit one to find out what’s hot and what’s disappointing.

    6) Ask a professional: You don’t have to get a financial adviser to choose the right Forex trading system, but great financial advice can steer you in the right direction. There are many free Forex information website online, even you get enough guideline from MyForexForums. All the best…….

  2. #2
    Senior Trader
    Join Date
    Mar 2015
    Posts
    419
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    288
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    English
    Thank you very much for your guideline. It’s true, traders need a permanent trading strategy or system for doing their live trading like a professional Forex trader. I used Google searching for knowing the best Forex trading system. In addition, then I found price action trading strategy is the best and reliable trading system. Even though, it’s not easy to learn all language of price action. I was well determined to learn it. Still, I am leaning and improving slowly. By the way, I’m careful on news trading as I don’t have proper knowledge on it.

  3. #3
    Senior Trader
    Join Date
    Mar 2015
    Posts
    444
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    267
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    English
    Quote Originally Posted by Marcus Reilly View Post
    Thank you very much for your guideline. It’s true, traders need a permanent trading strategy or system for doing their live trading like a professional Forex trader. I used Google searching for knowing the best Forex trading system. In addition, then I found price action trading strategy is the best and reliable trading system. Even though, it’s not easy to learn all language of price action. I was well determined to learn it. Still, I am leaning and improving slowly. By the way, I’m careful on news trading as I don’t have proper knowledge on it.
    Practice is the key! A trader is trading with a particular trading system and he is making money consistently; that doesn’t mean you’ll able to make money too by using this tool! So, practicing manually is the key! When I was a new Forex trader then I tried with more than 50 trading systems! Thus, I have discovered my profitable system; till now I try to update it in the weekend!

  4. #4
    Trader
    Join Date
    Apr 2020
    Location
    Bangladesh
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    50
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    91
    My Language
    English
    Do you know when is the best time to trade forex?
    Ok, Let's talk about it.

    For most forex traders, the best time to trade forex of day to trade is during a specific continent’s market hours when European currency pairs such as EUR/USD show the best results.

    In looking at the trading records of tens of thousands of forex traders, as well as talking with even more traders daily via Webinars, e-mail, and chat sessions, it quickly becomes apparent that most individual forex traders are what are called “range traders.”

    It also becomes apparent that many of them have trouble becoming successful in forex because they are trading during the wrong time of day.

    Most forex traders should trade during the late-US, Asian, or early-European trading sessions— essentially 2 pm to 6 am Eastern Time (New York), which is 7 pm to 11 am UK time.

    Best Time to Day Trade For Your Style
    The best time of day to day trade forex will vary depending on what type of strategy you use. While major markets are open the popular trading pairs, like those listed above, tend to have trends lasting an hour or more and moderate to high volatility. This favors trend traders or traders seeking volatility. Traders who utilize a range trading strategy or prefer less volatility will likely find the quieter times of day more suited to their day trading style.

    Below I discuss the most active and volatile trading times in select forex pairs, and therefore the best time of day to day trade forex if you are an active trader seeking volatility and trending opportunities. By looking at the volatility graphs you’ll also be able to see when the quit times of day are.

    The EURUSD is most active between 0700 and 1600 GMT. While this is an active time overall, the most active time is between 1200 and 1500 GMT, so if you only have a few hours to trade, trade during that window.

    The GBPUSD is most active between 0700 and 1600 GMT. While this is an active time overall, the most active time is between 1200 and 1500 GMT. The hours from 0700 to 0900 GMT are also quite active.

    The USDCHF is also most active between 0700 and 1700 GMT. The most action is typically seen between 1200 and 1700 GMT.

  5. #5
    Senior Trader
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    102
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    Credits
    32
    My Language
    English
    Quote Originally Posted by Quiinhome View Post
    Do you know when is the best time to trade forex?
    Ok, Let's talk about it.

    For most forex traders, the best time to trade forex of day to trade is during a specific continent’s market hours when European currency pairs such as EUR/USD show the best results.

    In looking at the trading records of tens of thousands of forex traders, as well as talking with even more traders daily via Webinars, e-mail, and chat sessions, it quickly becomes apparent that most individual forex traders are what are called “range traders.”

    It also becomes apparent that many of them have trouble becoming successful in forex because they are trading during the wrong time of day.

    Most forex traders should trade during the late-US, Asian, or early-European trading sessions— essentially 2 pm to 6 am Eastern Time (New York), which is 7 pm to 11 am UK time.

    Best Time to Day Trade For Your Style
    The best time of day to day trade forex will vary depending on what type of strategy you use. While major markets are open the popular trading pairs, like those listed above, tend to have trends lasting an hour or more and moderate to high volatility. This favors trend traders or traders seeking volatility. Traders who utilize a range trading strategy or prefer less volatility will likely find the quieter times of day more suited to their day trading style.

    Below I discuss the most active and volatile trading times in select forex pairs, and therefore the best time of day to day trade forex if you are an active trader seeking volatility and trending opportunities. By looking at the volatility graphs you’ll also be able to see when the quit times of day are.

    The EURUSD is most active between 0700 and 1600 GMT. While this is an active time overall, the most active time is between 1200 and 1500 GMT, so if you only have a few hours to trade, trade during that window.

    The GBPUSD is most active between 0700 and 1600 GMT. While this is an active time overall, the most active time is between 1200 and 1500 GMT. The hours from 0700 to 0900 GMT are also quite active.

    The USDCHF is also most active between 0700 and 1700 GMT. The most action is typically seen between 1200 and 1700 GMT.
    We would need to do hard work so that we can get success from this business.
    FXOpen - one of the most successful and fastest-growing Forex brokers.
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  6. ARIONFORXtarder
 

 

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