Originally posted by sadscorpion

This is a question asked by so many newbies to me so i try to ans this question in this thread....

The best system for you is probably the one you make up for yourself.
This takes a lot of time and effort.
This process usually involves buying, looking for and testing others' systems anyway, despite the advice, and realizing the truth of my original statement after years of failure.

Like any business, you will need to invest something before you see a return.
Get a trial copy of "Forex Tester", just Google for it.
You will probably want to purchase it.
This will allow you to experiment and test strategies in a very efficient manner.

Forget EAs. They are for entertainment only and a waste of money at that.

Don't believe most of what you read or hear. 95% of it is worthless, including all the business about stops. 95% of what you hear and read is from the 95% who cannot trade.

You should be able to trade without any indicators.
As said above, it is all about money management. 

Contrary to what you will read, entries are nowhere as important as exits. If you know what you are doing you can enter at random and profit.

95% of traders do NOT succeed. Do not make the mistake of automatically thinking you are one of the 5%. Statistically you probably are not. 

 

the best strategy for trader is a suitable strategy with the style traders and it can be good

and follow the trend of course

Beginners should start with simple strategies and indicators. I have seen that some beginners try to experiment complex strategies given on some forums. They dont even learn basics before testing those complex strategies.

Trading without indicators is very hard for beginners.

Sasha is right that beginners should start with simple strategies. Trading without indicators mean Price Action. PA is not so simple. It can only be learnt with time and experience.

Most of the times traders try to find shortcut to success and fall right into the 6-fig EA scam.

Best way is to be tutored by a successful trader (not one of the many blaggers out there that do not have any proven results).  Making a system yourself will be a long hard and painful road - there are successful traders out there that can save hundreds of hours and thousands of dollars, equally there are many failed traders that try and teach.

I think you have to first trade on demo account and then learn more about forex trading after that you get to know more about forex trading and you can also use some EA for making profits.

Dear all Masters!

My firts Credit for sadscorpion you are a great Master, Advicor and Your obove post!! I like it very much indeed.

Regards

DenOzi FX

Forex robots are trading tools which are used widely by prominent and successful traders. When you consider automating your forex trading business you should be careful when choosing a software tool. Most of Forex systems are scam and do not deliver the results as per their objectives. As a trader you should be highly careful when dealing with such automated Forex robots.

I think we need to be prepared for bad or good investments, on occasion is lost or gained. You should not always think that they will win because that does not always happen, when I started investing in forex, the first tool used was metatrader 4,in this tool I learned to know the market trends and also implements some techniques and strategies I learned.

Good Post! I have found here much useful information for yourself and would like to thank you for done by work.

Forex Trading