September 6, 2010
What is the best forex trading System/software?
By Planet Wealth
Hi, what is the best forex trading system/software?
Please provide links and analytical resources. Thanks!
Topics: trading tips | 6 Comments »
6 Responses to “What is the best forex trading System/software?”
Comments
« ASX high risk stocks? | Home | I have a choice of two jobs to choose from. One is a painting apprenticeship the other a well paid call centre »
September 6th, 2010 at 10:22 pm
Excellent morning Prionkor,
I agree mostly with what Rudolf says; trading styles will vary, and there is no such thing as the ‘Holy Grail’ of FX trading. I would recommend that instead you look to enhance your understanding of how technical indicators can be used to determine pricing patterns in the charts. Through these patterns, entry and exit signals can be identified.
If you are interested, my company’s website delivers a brief educational series on both technical indicators and pricing patterns. Depending upon your familiarity with these subjects, they may help you to incorporate both into your trading. These resources are available at http://www.tradermanagement.com/trading-resources/forex-education-2/. I should point out that the pages are designed as an introduction to some of the more common technical indicators and pricing patterns, but you may find that the insights conveyed enable you to more readily know how the resulting data can be used to identify trade entry and exit signals.
Finally, in agreement with Rudolf, I would recommend that you look to refine any trading system on a demo account before using your own funds to trade. Use your time on the demo to identify any potential deficiencies in your trading strategy and, where possible, take steps to find a more appropriate system. It is only though trial and error that you can find a trading system that works best for you.
I hope that the above is of some help to you.
Yours sincerely,
Christopher Kelly
September 6th, 2010 at 10:22 pm
It’s like asking what is the best wine or the best movie or the best book or the best art? There is no single "best", unless you want to nail it down to being more specific.
Here are several inexpensive eBooks to help you learn before you start.
http://members.cox.net/axiom11/
Insider Forex Secrets
Forex Trading Secrets
Forex Trading Ebook
http://members.cox.net/axiom11/ebooks_page2.htm
Forex Trading Strategies (with PLR)
Forex Trading-Revolution To Home Based Internet Business
September 6th, 2010 at 10:22 pm
There are lots of excellent free systems out there. Lots work, the reason for most failure is poor money management and emotional trading. You can get a excellent free book and weekly newsletter on Forex strategies here:
http://www.profit-with-forex.com
Sarah
September 6th, 2010 at 10:22 pm
The best forex software is available in
http://www.forextradingoffice.com
September 6th, 2010 at 10:22 pm
I do not believe in exert advisors for forex trasding. As for the platform, I like Metatrader 4.
September 6th, 2010 at 10:22 pm
My favorite automated trading robot is fap turbo,Fap turbo just released it’s new evolution Forex Bullet Proof.It’s fantastic automated trading robot.It’s is Best Automated trading Robot.