effective forex system for newbie

Indonesia
December 13, 2011 11:56pm CST
Well, I observed many forex trader actively here in mylot.. I wonder somebody can advise the best and effective forex trading system which available for beginner..I think we should learn both fundamental and technical since sometimes there will be unexplainable chaos in the technical chart that only can explain with fundamental and also vice versa, there are nothing happened but situation change due to technical reason.. I personally avoid short term trade since it will be involve risk and more stressful than long term trade. I like the set and forget system which can help us to mental preparation during trading..And really discipline money management is the key, know where to put stop loss and profit stop will gain more rather than let the wave going to your opposite and drain you down..What do you think? Do you have any effective forex system that suitable for newbie?
1 person likes this
2 responses
• Virar, India
14 Dec 11
There is one forex site which you can try is www.Forexcent.com
• Philippines
14 Dec 11
A great forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. Maybe this blog can help. http://www.whatisforextrading.com/blog/ Remember, no trading will be fool proof, so be cautious about the claims some trading systems make.