Jul 12th, 2011
What Is the Best System to Trade Currency?
What is the best system to trade the Forex currency market with? This is a question that all beginning Forex traders find themselves asking at one time or another. This article will give you some practical insight into how you can find the best system to trade currency.
Apr 1st, 2011
RSI Indicator vs. Price Action
RSI is yet another popular indicator that many traders think will somehow “magically” give them some sort of insight that is not available elsewhere. This is simply an erroneous idea and we will dispel the “myth” of the RSI indicator by taking a real-time look at the daily chart of the EURUSD. Read on to see how the RSI fairs as an analysis tool vs. what is arguably the best forex system; price action.
Mar 22nd, 2011
MACD Indicator Vs Price Action
Price action trading involves learning to analyze a “naked” or indicator-free price chart to make one’s Forex trading decisions. Traders who trade with price action as their primary chart analysis tool enjoy the clutter-free approach that “plain-vanilla” price chart reading brings.
Feb 28th, 2011
A Mechanical Forex Trading System Is NOT the Answer for Profitable Trading
The internet is over-flowing with websites trying to sell mechanical forex trading systems to traders who have not yet learned why such trading systems are simply not effective for producing consistent long-term trading results. Let’s discuss some of the reasons why you should be using non-mechanical trading methods instead of rigid trading systems that do not teach you anything of value.
Jan 13th, 2011
Trading Robots or the Human Mind, Which is better?
Forex trading robots, or forex trading software programs, are essentially programs that “think” for you as you trade the forex market. What these programs claim to do is take the emotion out of trading by providing you with a completely automatic or mechanical trading system.
Oct 17th, 2010
What is the Best Forex System?
The question of what is the best forex system is one that many traders ask as they begin their journey into forex trading. There really is no definite answer to this question because what works for one trader may not work for another, furthermore, personal trading style preference, daily schedules, and other factors come into play for any given trader when determining what forex system is best for them.
Aug 7th, 2010
5 Reasons Why Rule-Based Forex Systems Don’t Work
One big problem with strict rule-based forex systems is that they take away the potential of benefiting from human discretion. Developing a “gut” trading instinct is something that comes with months and years of screen time and trading experience. Eventually this gut trading instinct will become part of your trading method, if you use a strict forex system based on rules, you must follow these rules exactly otherwise the system is basically nullified.
Jul 26th, 2010
Why Forex Mechanical Robot Systems Don’t Work
Anyone familiar with the world of forex trading has undoubtedly come across a website selling a forex trading “robot” software program. Such programs try to completely automate the art and skill of forex trading so that the only thing required of the user is pressing a button when they are told to. The reason why there are so many of these forex trading robots for sale and why they all sound so good is because it is an easy thing to sell.
Jul 25th, 2010
Moving Average Cross Over Systems – Do They Work?
Moving average cross over systems are usually one of the first indicator based trading systems that forex traders come across in their quest to learn how to trade the forex market. Moving averages do indeed have a useful place in any forex trader’s toolbox. However, many traders use them the wrong way by following the mechanically through the implementation of the moving average cross over system.
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