How to get a good daily trading system?

[oilfxpro]

Mp6140

Aren't currency valuations based maimly on 10 year yields.Isn't everything else reflected in the bond yields and expected yields

OILFXPRO

[mp6140]

I must be very honest with you oilfxpro, unless Im setting a trade for the end of the year, I can only be interested in whats happening NOW and tomorrow, and using just a few simple overlays (it could actually work with NO indicators at all) I can trade profitably today and tomorrow ----

to be honest, the DOW index has more to do with how much of forex moves than does the treasury rates themselves, at least towards any currency pair with USD in it.

enjoy and trade well

mp

[harold_hsu]

greate,

Don't sweat it. Losing money in Forex is a lesson all traders will learn very early in their trading careers... I'd say that more than 90% of new traders start out by losing money. Although everyone likes to win (duh), losing in a trade can be a very valuable lesson to learn from.

The emotional and financial 'pain' you feel after a failed trade is a strong reminder that you should put in the hard work to learn how to trade properly... Forex trading isn't easy, but it's definately worth the effort.

The key is whether you've learned why your trades went bad.

Now, in response to your question, I'd first suggest that you read up on the free resources that are easily available on the internet. Do some reseach especially in the areas of technical analysis, fundamental analysis and money management (if you haven't already).

Once you have understood the basics, you might like to try out some trading systems that are available for purchase online. Always try them out on a demo account first.

BUT HERE'S A WARNING: There are many scam Forex trading systems online that are likely to lose you money. Be very careful about where you purchase your system from.

It's always best to develop your own trading system, but if you insist on purchasing someone else's system, you may want to first download a free report that can be found in my sig:

[et_phonehome_2]

Originally Posted by alukojosh

pls can anyone help me out i have lost over 8 thousan dollsin less than 4 weeks, and my demo acct grew from 10,000 u.s.d to 32,000 u.s.d.
pls help me with any method pls. All the money i lost came from a loand and i need pay back

Biggest mistake is borrowing money to trade, always use your own money and whatever you can afford to lose without crippling your lifestyle.

I have seen many which do great in demo, but there is nothing like live trading. You should just trade it as you did in demo, but many cannot stick to the rules of the game. As soon as you enter a position, you will always be in the red. As soon as you see your position going the wrong direction, one will just sit there and say that it will turn around which it never does until it kills your account, and only then will it turn.

I have never blown an account, my better half does that for me many times, over $XXXXX USD, and look who still keeps claiming is still a better trader than me.

You are better off paying back the loan than trading. What makes you think the second time around is going to be any better than before. Same thing my better half said many, many times.

[derrekmay]

You are right Et!
Don't spend money you can't afford to lose, because if you start trading you always have to think that you'll lose your money. (worst case scenario thinking)
Maybe you have overlooked something in your strategy on your demo..
Something that can be critical if youd on't do it on your live account?