What Type Of FX Trading System Is Best For You?

[FXexpert]

Which type of FX Trading System is best for you?

Looking forward to all replies!!

[FXexpert]

Anyone have an opinion on this??

[DollarBull]

Which type of FX Trading System is best for you?

Looking forward to all replies!!

For me, any trading system that quotes the lowest spread and no rollover fees, has been found to be working. The rollover fees problem is critical since many trades need to be held for weeks.

Use the following strategy:

-Trade in very tiny lots
-Hold for days together, perhaps for weeks
-Follow daily charts for momentum

I tested this strategy with $50. This helped me make about 50% gain in 4 months but dont let that fool you, since these are tiny lots, the net gain was only $25. But this was a great learning lesson. The FX trading is primarily a game where you leave very high margin behind in order to be able to swing around hundreds of pips (in case you tried bottomfishing and ended up in the wrong direction for 3 weeks). Even if you bottomfish a few trades and those trades were losing, you only get to lose some $1 for every 500 pip swing. Hence, loss-minimization, ample margin, tiny lots, patience over many days... this is what I found to be consistently making money.

I will put up some snapshots of this experiment in some webpage one of these days.

[Hidalgo]

buy low - sell high :-)))))

[CCC000]

well i like for very careful entries and put stop loss and take profit stop loss is 10 pips
take profit is 20 pips

[David]

For me, any trading system that quotes the lowest spread and no rollover fees, has been found to be working. The rollover fees problem is critical since many trades need to be held for weeks.

Use the following strategy:

-Trade in very tiny lots
-Hold for days together, perhaps for weeks
-Follow daily charts for momentum

I tested this strategy with $50. This helped me make about 50% gain in 4 months but dont let that fool you, since these are tiny lots, the net gain was only $25. But this was a great learning lesson. The FX trading is primarily a game where you leave very high margin behind in order to be able to swing around hundreds of pips (in case you tried bottomfishing and ended up in the wrong direction for 3 weeks). Even if you bottomfish a few trades and those trades were losing, you only get to lose some $1 for every 500 pip swing. Hence, loss-minimization, ample margin, tiny lots, patience over many days... this is what I found to be consistently making money.

I will put up some snapshots of this experiment in some webpage one of these days.

How comes this is a strategy?

-Trade in very tiny lots ------- This is Money Management
-Hold for days together, perhaps for weeks --This is how long your term for investment is
-Follow daily charts for momentum ----- How do you do this'??


I am very confused.

[cafedeart]

well i like for very careful entries and put stop loss and take profit stop loss is 10 pips
take profit is 20 pips

Would u kindly just tell me What Time frame u usually use for this.
This structure of +20/-10 may be suited In general Pair's 30 min chart.
Well, nothing behind this question, just wished to know. Ok that's all.
But Stop loss is looking too Tight- Only 10 pips, i tried it several days but....Ummmmm
Generally E/U U/J G/U 1 min channel moves 20 to 25 pips in a few min, but when up trend in 15 min usually seen downtrend in 1 min, and with fear i lost some trades previously.

[David]

Would u kindly just tell me What Time frame u usually use for this.
This structure of +20/-10 may be suited In general Pair's 30 min chart.
Well, nothing behind this question, just wished to know. Ok that's all.
But Stop loss is looking too Tight- Only 10 pips, i tried it several days but....Ummmmm
Generally E/U U/J G/U 1 min channel moves 20 to 25 pips in a few min, but when up trend in 15 min usually seen downtrend in 1 min, and with fear i lost some trades previously.

So what do you suggest? To increase the Stop Loss level order?

[cafedeart]

So what do you suggest? To increase the Stop Loss level order?

no, am not suggesting anything, see the first line ""Would u kindly just tell me What Time frame u usually use for this"" and below of that i putted some of my side data - i just told my view of trading, instead of suggesting i wrote that to know what he may suggest.

[MorePips]

buy low - sell high :-)))))

It's a dream of all traders around the world. But in reality only 5% of traders can do that.

[CCC000]

hello sorry for not opening for a long time dear cafedeart
i use 15 minute chart some times i use 5 minute but this system i have use is old and now my moderen system is 25 pips on stop loss and same for take profit 25 pips or maybe less
20-25 pips and some time it is 10 pips for profit u know on news you put it on 25 + pips 25 - pips

nice trading

[spiderpips]

SR with V analysis

[Takeprofit]

Strategy must fit you! There are tons of them, some give you 10% per month and low risk! Some 40% with high risk. It's up to you how to act on this market. You should be ready for drawdown it is a part of any strategy and determine what DD you can handle.

[fxsignaler]

buy low - sell high :-)))))

i agree with you

[emartoomy]

Follow the trend is my way!