Are you talking about a specific software Pinalli ??
maybe both!you ask pinali or me??sory
you ask pinali or me??sory
Hi all of you. I am not pointing out any specific system. I belive the major points that everyone should keep in mind before finalizing any system are:
1. Your method must be simple with just a few rules.
2. Learn to spot opportunities. Try to find the suitable long-term trends, then move up from there to daily charts, and then to time entries.
3. Employ the Breakout Method. These happen all the time, so try to create a system that follows a breakout.
4. Watch for timing entries. You can spot these when you take note of breaks in a chart. You can then cross-verify this with stochastics by looking for the divergence in the bullish and bearish trend. You can also use Bollinger Bands to tag your scales so you will know when they reach out of range.
5. Proper money management will indicate your stamina in the game. If you follow a breakout method, a trade can go well and fast in your favor or snap back and go back on you.
Building your profitable FOREX trading system will take time, but these steps that we have outlined should make things easier for you.
I agree that creating your own trading system or strategy is a great way to make money in Forex but it takes time & a lot of testing on a demo, it's worth it though.
True it is, & once you've mastered it on a demo you can start making large profits on a real acct.
Whether a trading system is suitable for you ? Nobody except you can answer that...
The easier solution is to get hold of 10 great proven trading system...then try them out on a demo account...
Try it and see which one "feels" good for you...you need to trust it..and really used it throughout wins and losses..
If you don't believe it and follow it...even the greatest trading system will not make you a cent..
Whether a trading system is suitable for you ? Nobody except you can answer that...
The easier solution is to get hold of 10 great proven trading system...then try them out on a demo account...
Try it and see which one "feels" good for you...you need to trust it..and really used it throughout wins and losses..
If you don't believe it and follow it...even the greatest trading system will not make you a cent..