Posted by Binary Options Questions on Oct 7, 2011 in Forex | 8 comments
I just want to know what system do you use and is it makes profit….??
please help me chosing strategy….
Since i am new to forex trading i prefer using demo account which is free
and offers all ingredients to master for trading concepts & strategies. With demo account i trade with virtual money. I tried to mark best opening and closing points for the day for few weeks this gives me better idea when i started with real account.
Also technical and fundamental analysis does helps
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butterfly is safest and shows consist 10% roi
No I can not use it.Because having a lot of risk.
You should look into Oceanside Network, http://www.oceansidenetwork.ca. Here is one of their live trading accounts. http://www.mt4i.com/users/oceansidetyphooncat2/stats
I got a Ph.D. and a CFA and then wrote tons of code to do it with a bunch of other Ph.D.’s. We’ll be on the other side of your trades. It’s not like trading stocks where we can both win. (There are lots of other people with similar strategies to mine and then there’s govt’s who try to mess with us).
My strategy is to stay away from forex until I have over $100 million dollars. No one, I repeat, no one can sucessfully predict the movement of foreign exchange rates, so it is a complete gamble. And if you use leverage you will almost invariably lose all the money you deposit into a forex account, sooner or later. The pro in this game are the ones that use little or no leverage and have a ton of capital, and use forex only for diversification away from the currencies of their countries. A prime example is that if you live in the US, you will buy euro, pound, yen, aussie, loonie and average down. My advice is to stay away from forex if you want to keep your money. Hope this helps.
You may want to watch their videos. This helped me on my forex trading strategies!
As you may find out or realize is there are many so called “systems” but many can be a SCAM so stay clear. The best thing to do is see how each system works, ask about it in some forums, and get some feedback. It can be tricky for sure.
One of the better resources I’ve found with strategies/programs/etc. on Forex and trading I’ve included for you in the resources section below.
Good luck and be sure to check around!
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Posted by Binary Options Questions on Oct 7, 2011
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