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Best Forex System # 2

26 April 2007 4 Comments

The forex article on the best forex system has an extremely high number of hits on this site. And one of my fellow traders told me it’s probably because people are busy looking for the best forex sysem with no loses to trade. Then we got into an argument , is it the forex trading system or a forex trading plan with proper forex money management that makes the trader money?

The argument has lead to a forex experiment we want to conduct from May 14th 2007 2am est to May 14th 2008. We shall open two real forex trading accounts with Oanda. One will have a forex trading plan and the other account will have nothing other than a trading system.We have decided to only use a simple ema crossover system. We are yet to decide on which it will be. We are not going to use the guppy. Both accounts will use the forex trading progress calculator and the forex lot calculator . We are going to officially open this site including daily videos and forex reviews on various forex systems and forex brokers on that day .In the meantime watch this post as we are going to add the exact trading rules soon. If you have an idea of an easy ema forex system to use just tell us at the forex forum.We shall start sending our first forex newsletter to our members this weekend. All members of the forex forum shall get the newsletter and have a few interviews already done with real forex traders who have failed and succeded.

We just wish to finish the back office of the niatradingsignals but from that day , we shall take the experiment live.All are welcome to join our forex experiment and there shall be a competition based on it with real cash to be won.Watch this space.

As for today’s forex trade. Using the guppy system ,was an easy trade. Bought usdchf at 1.2057 at point A below and sold at R2 at 1.2094. For a 47 pip or $4700 profit today.

Starting this weekend we shall have the newsletter going through the guppy trades for the week including the losers and winners and starting the 15th of May 2 videos a week with the setups before and after