Sunday, January 11, 2009

What is the best Strategy?

The best Forex Strategy is one of the things you are searching for
in internet if you are a trader, right ?Have you found the best one
that can make you rich and produce a lot of money ? I don't think so,
WHY ? The reason is simple; there is no best strategy all over the
internet. One strategy might be working for you but can not work for me .

There are a lot of Free Forex Strategy that you can find and they can
work for you as long as they are "suitable" for your attitude,discipline
and emotions.

Lets take examples ; Simple Strategy ( consistig of 3 indicators) and
Complex Strategy( consistingt.of 8 indicators)

A simple one is the one that takes only a few second to decide or to
read the signal, and a complex one is the strategy that need you to
compare one indicators with other indicators and takes time to decide.

If you are kind of trader that can not sit in front of your desktop
for a long time,why you should you use a complex one ? You'd better
choose a simple strategy;quick and straight forward. And on the other
hand, if you are a trader that can observe your monitor all the
time you'd better choose a complex one.

I have used a lot of Forex Strategies; free and paid ones but only
few of them suits me. I really know that most of them work as
publishers advertised but not to all traders.

Six month ago I purchased one strategy and many traders said in
various forum that they can make money from the strategy but one
I used in demo platform I feel that I was just like studying
mathematics at High Scool, because I had to compare and look at
many indicators that used by the strategy. I could not do it and
Iam too old to do that like a school boys. But the funny things is
that I can still see my name in their testimonial.He...he...he...
And I know that the strategy is good but If I continue using it
with the real money I will loose. I could not follow that type.

As a guideline to you; you can try as many strategies as possible
but in demo version, and observe it whether you can relax using
the strategy or just a handicap for your trading.

You should learn how to choose and fit to your attitude. I believe
you will get the best one but for you.

[ForexGen Demo Accounts Contest]

Win Cash Prizes

[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name: - Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit

3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.


The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.

No comments: