So you decided to make full time leaving from foreign exchange market? Or you are going to supplement your income from here? You have set up yourself with proper broker available. I believe you spent hundred of hours in front of PC trying to put together all maths and physics involving currency market. Now you watching business news in the morning paper and following CNBC channel to be on the top with latest information from exchange market. You trading your demo account trying to figure out how to make it all work? So? Does it? No?
Face the fact that in currency market all is possible and there is no golden rule to follow. There are so many aspects to consider that you will need at least another head to set this puzzle together.
But do not worry there is a hope that can make it work.
Signal solutions for forex trading. People who traded forex for a long time and developed their own systems to enter and exit with profit strategies. They will share this knowledge with you for varieties of prices from usd49 to usd499 a month for those precious information. Problem is which one will suit you best. Are they scams? How do I know?
For medium advanced forex trader is almost impossible to choose proper forex signal system, which is not a scam, or at least not profitable. There is bulk of forex signals providers out there. They all offer their signal solution to trade currency with success.
Advice is that you will have to establish what type of trader are you? Do you want to trade quickly or maybe over the days or weeks? What losses can you manage and how much money you want to invest.
As long as you know al that it is a time to pick up signal trade provider.
Few things worth researching are: performance, service offered and rewievs of the signal. Search on forum for another users of the product you are interested in and ask for comment. Every profitable system should be up on collective2 with real track performance. Look for service offered. You will quickly find out that only few offer free trail-option to try signals before you pay. Demand performance evidence.
But while doing all that hard work choosing your automat forex signal system remember that you will have to totally follow it without exceptions to make most out of it. Any even small innovation may have dramatic results in your own gains.
Remember that your future profits will depend on your signal provider so calculate carefully and make smart decisions.
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Keep in mind this is ONE part of our overall strategy and is NOT even in my favorite Top 5 tools! Mainly we use our Total Strength currency comparison tool and simply look for buys in the strongest currencies and sells in the weakest. Come to our 2 weeks free forex classes to learn this far easier and much more profitable system!
We have many other tools we use which show us the currencies STATISTICAL strength/weakness and that tells us the odds of it hitting the profit targets. We also always trail a stop to get us out with smaller profits when targets aren’t hit. You can also draw trendlines under the lows of the up bar. There are 3 other exit methods we use, feel free to come to our 2 weeks of free classes and learn them. Impossible to fully explain here without you seeing our charts.
Hi Dave,
I have tried both Forex Ambush and Fx Automoney. I like the latter better and you can get a 3-day trial for close to nothing so have a look for yourself.
Forex Ambush Signals are good but I am too active for that service: the signals do not come often.
On the other hand, Fx Automoney give you signals more often. And their results are legit whereas I suspect that Ambush's claim of 100% winners is not accurate because they may not use stop losses the same way that you or I or most traders do. I will not get into details here but that is just my take.
Do not make me wrong, both services are really good and, I would say, sort of complementary. But if I had to pick one, I would pick Fx Automoney.
If you have a question on either service, don't hesitate to ask.
Good trading!
There is NO forex signal company that can beat the market in the long run. This is from my experience in forex trading for years.
I would suggest you stay away from anything that is sold on clickbank that relates to forex. I have tried some of these things that promise to make you thousands just by turning on your computer.
They all turned out to be pieces of garbage. I don't even want to add up what they all cost my in losses and what I paid for them. The best education you can get is on your own.
Visit some forums and other sites and learn about it before you put your hard earned money at risk.
There are good systems out there that actually do what they say they are going to do. I also suggest trying everything out on a demo account first so that you can see what you are getting into.
I tried to learn on the fly and it ended up costing me money and a lot of stress. Always work the kinks out before you go live with the trading. It makes life much easier.
How do you take profits when price does not reach the extension targets ? Thx
Oh No! Not another one. Please don't say you are looking for an easy way to make money and depending upon HOT TIPS or black box systems.
There are profits to be made in forex, but in the long term, it is better to learn how to do it properly.
Forex: Beware of Frauds
http://www.forextradinghq.com/forex-information/forex-resources/forex-trading-information-beware-of-frauds.html
Absolutely. We teach in our classes clusters of Support/Resistance including Fib clusters you’re referring to ( Fib Retracements and Targets) + Previous Days/Weeks/Months highs & lows, & Weekly / Monthly Pivots. A cluster for those who don’t know is when MULTIPLE areas of support/resistance are within a tight 10 to 30 pip area or zone. Markets typically reverse at these.
In fact we do this multi time frame analysis each day for all of our mentor students and the ZONES show up on the charts.
you ever use fibonacci clusters? much better