Monday, March 16, 2009

Before Live: Step 3

Step 3: hit on the forex forums. There are experienced traders who are......

Forex forums are great places to search for both answers and questions. Discussions and analysis on the market and news for various pairs can be found easily. There are also traders who are willing to share their own trading systems, or their custom made indicators. Not only that, forums also provide news information and real-time statistics that may cause major movement to the market. 

The forum I am using currently is ForexFactory, and there are definitely other forums available to the public and which you prefer to stick around with. I would recommend the beginners to pick a trading system from these forums which you like, adapt to the system after testing, and determine if you would like to make any changes to suit your trading style. This way, you save the trouble and time from thinking hard on how to build a trading system from scratch. There are just too many indicators available, and different combinations can be formed when these indicators are put together. 

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