Forex Strategies Forum

[newyear498]

Would love to here which systems you guys are using from the site and which work the best?

love this site.. looked at alot of the systems, found a few good ones but wanted to know from users own experence which work the best?


Thanks so much!

PS: I have experience in stocks and trading but looking into forex now and for a forex system to paper trade before I risk any real money.

[Rom]

New (real) Helpful Site
new-real-helpful-site-t698.html
Status OK

Stealth Forex Trading System
stealth-forex-trading-system-t506.html
Status uncertain

Multiple RSIs and sharp pointy objects
multiple-rsis-and-sharp-pointy-objects-t402.html
Ask author about latest results

Advanced system #5 (Trend Lines Breakout System)
advanced-system-trend-lines-breakout-system-t218.html
Status uncertain

[Rom]

Kieran Murphy & Fred Gray (New (real) Helpful Site) is basically using same system as David Harding - http://en.wikipedia.org/wiki/David_Hard ... hematician)

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[spotfx]

New (real) Helpful Site
new-real-helpful-site-t698.html
Status OK

Kieran Murphy & Fred Gray (New (real) Helpful Site) is basically using same system as David Harding

Don't forget to inform folks how much they're going to have to shell out for the privilege of accessing this "recommended" system & support information.

[Rom]

Don't forget to inform folks how much they're going to have to shell out for the privilege of accessing this "recommended" system & support information.

The latest 20 minutes of the 3 Days webinar (maybe 3 hours total) is about selling their system, that is actually a cross between own experience and professional software available on the net. The software is from CurrencyCompass.net, and can probably be obtained at a minor cost. With that software and the 3 Days webinar, and decent knowledge of long term trend trading and money management, one should be able to capture the main elements. Otherwise one have to pay 60 euros per month or 4-500 euros upfront, low priced in that business.

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[newyear498]

Yeah.. I was asking for systems on this website not links to others.. please stop trying to sell me stuff!

[Rom]

One of the recent most popular system on FSR is ....

No Indicators - No Worries System
indicators-worries-system-t532.html

probably not because price action and S/R is that easy, but because the headline is good, expressing what people are looking for. I do not recommend the "system" however.

How little time are you going to invest into studying? 200 hours = $1000 - assuming your time is worth $5/hour Let's us be realistic here, professionals go through 3-4 years of learning = an investment of $50.000+. If you find someone with less learning in "Market Wizards" I am interested in his story. Most professional either had a sponsor - who pays - or at least one mentor. Your chance of surviving one year in forex is usually cited at %10 ... the magic about losing and losing in anything is that it will add psychological barriers vs. success.

Sean Hyman about his education (being a stock trader in first place)

http://countingpips.com/fx/2010/02/27/forex-interview-sean-hyman-shares-his-techniques-and-thoughts-on-fx-market-trading/
How would you say you got your “forex” education? Did you learn by demo trading, did you have a mentor? etc.
At first I read things like Currency Trader magazine, etc. but then later on I went study an online forex course at http://www.fxcm.com . That’s where I got my “well rounded” forex education.
Aside from that, I’d learned how to use technical indicators in the stock market and so I was able to transfer those technical analysis skills into the currency market.

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[spotfx]

Sean Hyman about his education....How would you say you got your “forex” education? Did you learn by demo trading, did you have a mentor? etc.
At first I read things like Currency Trader magazine, etc. but then later on I went study an online forex course at http://www.fxcm.com . That’s where I got my “well rounded” forex education.

Yeah, and I wonder why he just happened to recommend that particular online forex course.
It wouldn't have anything to do with his exclusive (employment) contract with FXCM would it?

The software is from CurrencyCompass.net
With that software and the 3 Days webinar, and decent knowledge of long term trend trading and money management, one should be able to capture the main elements. Otherwise one have to pay 60 euros per month or 4-500 euros upfront.

60 euros per month for what amounts to a tired old confirmation exercise using a moving average to validate the trend, run of the mill pivot points for s&r identification (both freely available all over the popular trade forums) + some spurious & comical looking proprietary signal software that you're forced to pay for in order to receive genuine updates etc ??!!

They really do see you guys coming a mile off

[spotfx]

How little time are you going to invest into studying? 200 hours = $1000 - assuming your time is worth $5/hour Let's us be realistic here, professionals go through 3-4 years of learning = an investment of $50.000+.

If you find someone with less learning in "Market Wizards" I am interested in his story.
Your chance of surviving one year in forex is usually cited at %10 ...

the magic about losing and losing in anything is that it will add psychological barriers vs. success

If you believe half the stuff you post on here, particularly the bits relating to long term success, then why exactly do you spend so much time on here?

Half the stuff you post is comical, naive rubbish & the rest (ea & robot nonsense) can just as readily be tossed in the bin.

[Rom]

Yeah, and I wonder why he just happened to recommend that particular online forex course. It wouldn't have anything to do with his exclusive (employment) contract with FXCM would it?

I agree with you. I stay away from any brokersponsored training.

60 euros per month for what amounts to a tired old confirmation exercise using a moving average to validate the trend, run of the mill pivot points for s&r identification (both freely available all over the popular trade forums)

I am not affiliated with anyone, and my recommendation is free webinars.

Compare that with the popular kendofx-system-t428.html. The KendoFX is not free though it can be downloaded from the link. The KendoFX system is not exactly a system either, it lack the completeness needed. It is an ebook. To put that knowledge into practice one will need a tutor. Tutoring will not be for free.

What I recomend is based upon philosophy of trading and tradable edges in the market. Not much discussion about that here.

The Irish are less sleak than most and bad marketeers. I believe Murphy and Gray when they say they have tried most of it, read 1000 books on investments, won a British forex championship. They made so little fuss about that it was difficult to hear, but if he meant they never won a British championship he would probably not stated it) and they ended up with 15 minutes a day as optimum screen time (like a whole camp of other traders). Then they had so little to do at office time they changed their business model into something more up-to-date with web business. If they are phony they would probably behaved like the other sleak ones, and not explained the system.

then why exactly do you spend so much time on here?

I am a bit enraged about what are being posted. There is too much pretence. Does it matter what other people post? Yes it matters. Newbiews don't get much respons here from those who are professionals. I am not a professional, I rely upon professionals.