Friday, April 3, 2009
If you are trying to make money with the forex you are probably looking for the best method of forex trading online. Naturally you are going to want to invest your time and money into the best method available. But what method will be the best for you is going to depend on your own skill level. It also depends on whether you want to do your own trading or let an automated program trade for you.
I prefer to let an automated program do my trading. I spent several years trading manually but I found an automated program that that makes more consistent profits than I do trading myself and it frees me up to do other things besides sit at the computer and analyze charts. But some people still like to do their trading manually themselves. For those who do it can be exciting and very rewarding once you learn to successfully trade.
If you plan on doing your own trading finding the best method of forex trading online is going to be a matter of personal choice. What might be best for someone else might not be best for you and your trading style. So you may have to experiment with different methods until you find one that fits you and your trading habits.
If you are a beginning trader beware of the trap that many traders fall into searching for the perfect method. Before putting much energy into finding the right method it's going to be more important for you as a new trader to develop your own personal trading habits and discipline. In the beginning just find any simple trading method that you understand and are comfortable with. Practice trading on a demo and don't worry about whether it makes or loses money. Just practice trading the method consistently. After you develop good trading habits then you can start looking for the best method that will be right for you and will make you money.
In my opinion the best method is to use an automated robot. The one I use makes a nice income, doesn't cost much and allows me to spend my time doing other things.
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