October 28, 2009
Anyone successfully using a forex trading system to make money consistently?
Jane J asked:
Looking for a good system to make money in forex part time. I have a busy schedule but want to get in on trades without having to tie up a lot of time watching the market
Looking for a good system to make money in forex part time. I have a busy schedule but want to get in on trades without having to tie up a lot of time watching the market
Comments on Anyone successfully using a forex trading system to make money consistently? »
Here’s a lesson you can learn now and cost you nothing…. or lose a nice chunk of change;
There are no systems that you can duplicate. If there was, Forex wouldn’t be considered one of the hardest trading areanas. Thinking there is a “system” or “systems” is just plain wishful thinking… helped along buy an industry’s self interest.
If Forex was soooo easy…. where an alert service or “system” plugged you into a regular, reliable source of income…. you’d be bumping into people everywhere… bragging how well they’re doing.
Here’s the formula;
Hard work.
Time.
Understanding your own psychology and the markets.
Position Sizing
Money Management skills
Developing your own system.
You may want to read;
Millionaire Traders by Kathy Lein and Boris Sclossberg (two very famous “gurus” in Forex trading.
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it is posibble, and a lot of people do it.
visit my blog for more info -
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Your Answer:
TRADEING autotradeing WITH MT4 BROKERS , I also trade the news for the spikes .There several autoclick to use for news trading go to dfwforex.com and see the ea that i use. email me for news autoclick
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I get about 60 pips a day with the Frap Turbo system… I trade about 6 or 7 different pairs. They purport a 90% percent accuracy, in actuality it’s about 75%.
You can read more at
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As the other contributor said, it takes a lot of education and hard work. I found a good site that I’ve used to get good Forex basics, which is listed below as forexTrading.com. They have some pretty good resources.
My business partner, who is more into forex than I am, started by getting a good basic education on forex and investing and then started taking it to the next level by investing in a good Forex system. Many people have created really good systems on Forex trading. I would still make sure you start small and work up to bigger trades but it would be worth checking out. It’s all going to come down to you having a good handle on the trading so you can understand what the systems are trying to teach you.
Good luck!
Jared
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you should read reviews about forex auto trading software and what their offer!
personally I use FAPturbo! it satisfies my requirements and profits !
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A good forex system means you need to have high probability trades. You also need to be aware of all the currency pairs in real time. Maybe this blog can help. Remember, no system will be full proof, so be cautios about the claims some trading systems make.
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