» Forex Trading http://jj-kelly.com Sun, 13 Dec 2009 23:17:49 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Forex Trading – feast or famine, fact and fiction. http://jj-kelly.com/forex-trading-feast-or-famine-fact-and-fiction/ http://jj-kelly.com/forex-trading-feast-or-famine-fact-and-fiction/#comments Wed, 18 Feb 2009 10:39:30 +0000 John Kelly http://jj-kelly.com/?p=22 Well so much for the catchy headline. I’ve been papertrading forex for about 3 months now, trialling different trading systems. I have found some good ones. It is a fertile breeding ground for ‘get rich quick’, fly-by-night ’scam’ products. It can be a steady income earner for the disciplined trader who can follow a winning strategy and who has control over his/her emotions, otherwise it will be a feast for the market-makers and a famine for the small trader. I believe that you can succeed at the game, but you need to educate yourself, get a reputable broker with a good trading platform and papertrade the system of your choice first. You will only really test your emotional control through trading with real money, but bear in mind you can enter very small  positions that will allow you to trade very economically until you gain confidence with live trading. Winning at forex requires mental discipline and patience, a winning system and sound money management. Only trade with capital you can afford to lose. Remember it is a 24 hour market 5 days a week, and there is always another trade. When you are researching the various products that are available, a handy resource is at Forex Peace Army review site. One product I can personally recommend you to trial is forex-trading-made-ez . The product creator George trades his own very reasonably priced system and provides prompt personal email support with  a preview ebook and trade videos. If you the reader can recommend a system that you have personally tested, please let me know.

ciao jj

]]> http://jj-kelly.com/forex-trading-feast-or-famine-fact-and-fiction/feed/ 1