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Thursday, April 23, 2009

Forex Signals, are they usefull?

I have been using several Forex Signals systems or softwares, but trully... most of them don't work.

Let's see. There is two kinds of analysis at Forex. The technical one consists on the analysis of trends, meaning that a computer may predict the future movement of the trend based on the past movements of such trend.

Now, what a computer cannot foresee or take into account is the several factors that must be considered as well, such as the market status, a crisis, oil prices, etc.

Therefore, the technical analysis of the computer may be usefull only for the immediate near future, and that means the next few days, maybe hours... even minutes. That's why many people loses money based on Forex signs... because that computer should be very very powerfull to take into account ALL the factors ocurring in other currencies and not just the currency you are trading with. Plus, you would need to be very lucky to earn money by picking the right signal in the right moment

Among all the Forex Signs systems I have ever tried (30 more or less) there are only two of them that really have made revenues for my investments: Forex Automoney and FAP Turbo. That's because such systems are the only ones that consider the time when you are able to trade based on the signals that they provide to you. For example, if you buy US Dollars against Euros, that might be a good idea within the next 45 minutes, but if you trade that move after those 45 minutes, probably you are going to loose money. Therefore, we need a system that gives signals updated to the time the trader may take a currency movement. Again I suggest (strongly) to try both I've mentioned above.

But please ALWAYS keep in mind to never be so greedy. Forex investments can make you a fortune but only if you are disciplined and build your fortune step by step. You must have a plan... I strongly advise that you must have a plan. Invest and reinvest, that's the key. If you ever happen to loose money DON'T PANIC, it's normal to loose money, but if you are loosing money please don't expect the trend to change its course by magic. Forex Market IS NOT A CASINO. You have to be patient and disciplined according to the plan and the signals provided to you. That has been my formula and it has proved very very very well.

1 comment:

  1. Hello,

    please check Expert Adviser: LEROSA FX PRO - www.lerosa-fx.com

    Regards,
    Bojan

    ReplyDelete