Best forex trading method?

How do I access best forex trading method for profits?

You should actually be looking for the "best" trading method for you - based on your risk tolerance, timeframe (are you a day trader or long term investor?), etc. There is no "one size fits all" when it comes to investing. Before choosing a method, make sure you understand the basics. The forex school @ www.babypips.com is a great place to start your education. It is where I started. Once you have a strategy in mind, then you can decide if you want to use one of the trading methods available for purchase on the web, or develop your own. Being informed will give you the wisdom to differentiate the true trading "gems" from the scams.

There are none. No matter what any company/individual tells you....... there are none!

Your quest to find a good "system" will cost you dearly. It's how most new FX traders lose money. In a nut shell the only way you're going to make money is to have a method you created yourself.

This should be based on;
Fundamental knowledge.
Technical understanding (charts)
and most important -> Money Management skills with closely followed risk/reward ratios.

Consider yourself warned.

I personally day trade. I have dabbled with currencies but prefer Futures.

Execution and the "setup" is the key to trading these markets profitably. In order to do this you need a robust yet simple to execute plan.

The reason most "newbies" lose money is because they may well have the "setup" but do not have the knowledge/patience to execute and either get involved to early or miss the boat and chase the price, both resulting in losses. Also a lot of "newbies" (I KNOW I WAS THERE MYSELF) look to develop a plan that would baffle Einstein. Always remember the KISS principle...KEEP IT SIMPLE STUPID !

Pepper your charts with different oscilators, bollinger bands moving averages you are more likely to confuse than confirm.

Once you have your trading element you are part of the way there. You then need to master money management. How much are you willing to risk to make a gain ?? Your money management system needs to be strict enough that by only getting 50% of trades right you will still make profit.

Me personally I look to risk 20 pips plus spread per position but I look to make 50+ Pips per position. Most newbies are going to run losses and snatch winners off the table way to early...Again I know because I have been there.

Remember you make more money sitting on your hands than coming in to the market and going out again.

Now for me as a day trader, looking to scalp the markets I pay no attention to Fundamentals.

I work purely on a system based on the chart technicals. I don't bother using Stochastics, Williams, Parabolic SAR's. I believe price action in the short term will determine market direction.

If you are looking at longer term trading you will commit financial suicide following just a TA approach.

The best forex trading method is the elliot wave theory! check out the link below to demo these elliot wave theory FREE signals..

Using the Mtpredictor's technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we'll straight away post the signals here in real-time if there's any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That's why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..

The best method is to learn forex trade through an investment club. This where all the investors have a common goal which is to earn from forex and to learn from a seasoned investor. I belong to one club and we see returns of 5.3% per month which is pretty darn good by any standard if you would like more information write me bankerbobretired@yahoo.com Good luck

I agree that you need to find a system that is ideal for YOU and fits in with your own trading style and risk/reward ideas.

You can find some good ideas on different trading systems in the free Forex course at: http://www.onlineforextradingsecrets.com...

Here is some info you might be able to use.

I'll list the resources you can check out.

Learn how to use the commodity charts, and movement formations. Goto : www.uschartco.com

There is a software avilable to trade forex without loosing a dime. This software also helps you earn interest the lots you own. Most forex traders don't know you can actually get interest from your trade.

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