Profit Guide to Forex
Forex Profit Systems

Would you tell me the best forex trading system? Does it work?

I made many errors in my forex trading,losing thousands dollar and almost frustated.But i will not give up,except you suggest otherwise

Public Comments

1. There comes a time when you have to back off and re-evaluate your goals and strategy. I too have been trading for more than 7 years and also lost thousands in the process.

Fortunately for me I have be keeping records so I could evaluate what went wrong each time I lost money. What did I find to be the problem? Greed, Fear and bad Money Management. I am doing better now but in evaluating my previous results I found two major flaws : LeVeRaGE and IMPaTiEnCe

Impatience speaks for itself, but on the matter of leverage I must say a bit. Leverage is what makes FX trading attractive to many yet it is the one thing to works most decisively against the trader. Forget 50:1 and 20:1, hell 5:1 is too much. If you have the discipline to trade without leverage you will be able to avoid big draw-downs and hold trades until the come back, if buy and hold is your strategy.

Probably buy-and-hold should be the favored forex trading strategy, after all, it is the strategy that is making billionaires out of country boys.

2. If you are looking for the best forex software, use this software

http://Make-Money-With-Forex.org/

This software is the best software that can help increase your trading profit