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The Best System In The World

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Old 27-04-2009, 11:26
Level 1 Lasers Member
Join Date: Feb 2009
Posts: 3
Default The Best System In The World

Good Morning Forex Traders

I have been in this fascinating business since 2003. I have had my ups and downs. I took 3 years to learn my trade by first demo trading and in early 2006, I started trading FX with real funds. As good as I was demo trading for almost 3 years my knowledge increased 100% since 2006.

I started off only trading EUR/USD long. I later changed to only trading USD/JPY short. As I started to understand how EUR/JPY had an effect on EUR/USD my knowledge and results improved.

There has been much debate on which works better fundamentals or technicals.

Let me share the most important factor required to be in the top 10 trading category. That is YOU.

YOU can be the BEST SYSTEM in the world.

First of all unless you trade without fear of loss of money and see trading as a money machine when you are ahead you will surely end up losing.

We have not even got to the EGO issue.

Once you have passed the three above matters then you need to understand fundamentals along with technicals. You need to pay your dues.

Then and only then can you become one of the better FX traders.

After almost 6 years in this business I constantly win over 80% of all my FX trades and increase cash asset value by a minimum of 10% a month.

One last point for all of us to keep in mind.

The most important factor of all is your RISK MANAGEMENT METHOD.

Without having this in place NO FX TRADER in the world can get through 5 years without a significant loss. I learned this the hard way once losing $150,000 US Dollars when EUR/USD went from 1.5500 to 1.2500 in a matter of months during 2008.

I had on too many positions and now I limit my total exposure to MAXIMUM 20% of my trading capital and my LOSS on any one TRADE PLAN at 5% of my total capital.

If you can get to winning 80% of ALL your FX trades then with the above RISK MANAGEMENT PLAN you will become one of those in the 10% category of winning FX traders.

I will be glad to answer any questions or share my knowledge. I am not soliciting clients nor selling any services. My company is an accredited IB with a Canadian Currency Broker however my clients are referred to me through my personal circle of influence who are aware of my documented results.

Best wishes and regards to ALL posters on this excellent FX forum.
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Old 27-04-2009, 11:52
Level 1 Lasers Member
Join Date: Feb 2009
Posts: 2
Default easy forex

i think the best way out in forex is the trader and not the trades.
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