Profit Guide to Forex
Forex Profit Systems

What is the most effective and simple forex trading system without a broker and why?

Would like any recommendations as I am a beginner.

Public Comments

1. Free Forex Trading Strategy
http://www.metatraderstrategy.com/

2. You need a broker if you want to trade forex.

As for the "most effective and simple forex trading system", that depends on you. Every trader is different, so one forex trading system may prove successful for one trader, yet the same system will not work for another trader.

The key is to find a system that best suits your personality, trading style, and tolerance for risk. Test them out using minimal risk (i.e., via a demo forex account, or a micro live forex account where you risk pennies instead of dollars).

There are several very simple forex systems, or strategies you can check out, including those using pure price action trading, simple moving average crossovers, candlestick chart patterns, and classic chart patterns.