Forex Digest

If you have a simple forex trading strategy that is very easy to understand kindly share it please. No commercial products.

Asking people for a simple Forex strategy is like asking people if they have a simple method for playing poker that will allow you to win playing poker experts. There is no simple Forex strategy that works.

Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game using a "simple" strategy.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-intern et.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.


Best Wishes,

2009-09-03 12:34:12 by cythia

StrategyDepot.com Forex Trading Strategy presentation. Visit us today at StrategyDepot.com for Unlimited Access to all Forex Strategy eBooks ...

I am looking for simple, easy to understand, MANUAL forex trading strategy ideas. NO autotrading system recommendations please! Does anyone have recommendations? Preferably a strategy you have actually used with some success.

A great forex system means you need to constantly have high probability trades. You also need to be concerned with the currency pairs in real time. Hopefully this blog can help. http://www.whatisforextrading.com Remember, no system will be full proof, so be cautios about the claims some trading systems make.

2009-05-11 21:12:48 by SarahG

i want to know a proven strategy for forex trading (swing or long time) and will appreciate if it's from a pro trader.
thanks

www.FXCM.com

http://www.babypips.com/

Here is a couple good videos to watch,

http://www.forex.com/forex-seminars-deve loping-listen.html

http://www.forex.com/forex-seminars-deve loping2-listen.html

Here is a squido site for fxbootcamp that has several good video, if youll take the time to watch these you can learn a lot.

http://www.squidoo.com/fxbootcamp/

I like Oanda for a starting broker because you can trade with as little as 1 cent a pip on the line, of course youll only be making 1 cent a pip. then as you improve you can step it up a penny or a dime or what ever.
The only bad thing about them is 50:1 leverage and there spread gets very wide during news times.

I also agree with babypips good site.

a short but very good ebook
http://www.robbooker.com/books/Strategy1 0.pdf

Here is a good site to learn about the indicators. Just look all over it.

http://www.investopedia.com/university/m ovingaverage/default.asp

Use Oanda as a demo account. It doesn't expire so you will have as long as you need to practice.
http://fxgame.oanda.com

check out this guy: http://www.robbooker.com/

2006-11-12 12:19:45 by The Butterfly

I am looking for a book with practical and realistic hints, tips and strategy which is also written in a very coherent way.

Thanks

Here are some that I can recommend to you. Both are filled with good information that both beginning and experienced trader will find useful.

"Forex Patterns and Probabilities" by Ed Ponsi and "Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings" by Kathy Lien.

I have read both of these books. You will find gems in each of them that can only come from those with extensive experience in the Forex market.

2009-04-07 10:03:31 by Vande Mataram DharmYodha

Looking for hints and strategies in forex futures trading.

Forex futures trading is a fluctuating (exciting) game, but these are some currency trades I'm watching right now:
- USD / JPY
- AUD / USD
- USD / CAD
- EUR / JPY
- GBP / JPY
- EUR / GBP

For some reason (call it a strategy if you want) I'm watching GBP / JPY. EUR / JPY too has seems to be showing some interesting movements.... but I don't want to give anyone any ideas. Mine your data, use the right tools, and work fast.

The futures market is about speed (and profit). Factor in historical currency trends and the nature of the global political landscape. That's the best strategy in forex futures trading.

2008-06-10 03:05:40 by Jesse