Automated Forex Trading System | Automated Forex Trading System Information

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Automated Forex Trading System | Automated Forex Trading System Information

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What is you're forex trading strategy/plan?

Question: What is you're forex trading strategy/plan?

(Posted by: Mi R on 2008-10-21 14:13:48)


Answers:

Posted by: Glory on 2008-10-21, 16:28:57

Wait for the perfect opportunity and strike. This is what I call investment. ...Taking risks is close to gambling and gambling is not an investment.

  

Posted by: Ted on 2008-10-21, 14:28:06

Be on the side that the moving average is going toward. Length of MA is a matter of comfort and personal preference for time frame. Be in at least three currency pairs, none of which overlap.

  

Posted by: JohnGalt on 2008-10-21, 15:40:05

Buy something. Wait for it to go up and sell it. If is doesn't go up, don't buy it.

  

Posted by: Forex K on 2008-10-21, 17:26:19

Invest in forex and I'm doin pretty good. Check out Forex Trading University fxtu.com

  

Posted by: James K on 2008-10-22, 01:35:46

Forex is generally seen as being slightly easier than stocks because of the broad nature of it. You don't have to worry about which stocks are gaining or falling - you've just got to keep your ear to the ground about the latest world events that might change the currency rates (I.E oil prices, economic difficulties & government spending). If you're interested in getting into Forex, I recommend you take a look at forexfromscratch.com which has a really interesting free book about starting off in Forex. It's a step-by-step beginners guide which is 100% free. Just go to the homepage and download it for free - you'll be able to avoid most of the beginner pitfalls with it. Hope this helps?

  

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