NiaTradingSignals

It has been a long time since we updated the site but we shall be back over the weekend to continue with our postings for all forex traders.We shall start with a continuation on how to set up a forex system series.

The Trend Indicator

The most sort after forex technical indicators are trend identifying indicators. In all forex forums ,there are new "non-lagging" trend indicators being advertised. I prefer to keep things simple ,stupid (KISS) . I don’t know of any indicator that can foretell the future yet and have discovered that the simplest systems are used by the best traders. Nothing complicated or that has never been used before is on my trading charts.

This is just an example on how to setup your forex trading system. We are going to use xtick as the software and have decided to use common forex technical indicators so you can do it even on metatrader. All trading systems have their negative and positive points, it you the trader who decides what you can apply for your own trading strategy.

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?

So now you have a trading system that you found in a forex ebook and are ready to start trading. Before you do that you need to think! Are you really sure your system is going to work? Are you willing to follow it even when times are bad? Sometimes it’s good to listen to Tammy Wynette’s song “stand by your man” before so you can understand what you will have to do to really follow your system.

There are only 3 ways I know that you can know if your …