Forex Trading System
To determine the foreign exchange rate for different currencies, check the local paper for exchange rates, and pay attention to the inflation rate. Avoid exchanging money with countries that spend more money than they bring in with advice from a financial consultant in this free video on currency exchange.
Expert: Roger Groh
Bio: Roger Groh is the founder of Groh Asset Management.
Filmmaker: Bing Hu
Forex signals are basically signals of when to buy and when to sell. It is the thing that determines whether you make or lose.
In the old days, we used to study charts and charts to come to these conclusions but now there are some good automated forex signals services available as software that can intelligently crunch out these forex signals. There are many services these days and unfortunately, it’s hard to tell the good ones from the bad ones. The only way is to try it out yourself on paper trades or mini trades so you don’t lose money if you make a wrong choice.
For me, I have tried many systems since a year ago. I found forex killer good and in the last few months I have tried forex automoney and made some money from their signals.
A couple of signal services that I’ve used in the past with pretty good results are www.freedominforex.com or www.freedomrocks.com. The videos are informative, and they offer a 15 day free trial. I think they were less expensive to get into than many other programs. One guy claimed that in 30 days he was up 724.00 on 3000 and he was trading the conservative part of the program. You can also trade at 200 and 400 to 1 and the system shows you how to make money.
Louise Woof’s system ( which is called Foolproof Forex ) supposedly has had very good results but my own testing of it didn’t prove very successful. It is based on the movement of forex prices after announcements are made but in my own tests (which I admit were hardly exhaustive but sufficient for me decide the method wasn’t for me) resulted in me getting ’stopped out’ too many times. Now, as my disclaimer, I’m not saying here that the method doesn’t work because over a period of time it may be profitable. For me though, in my own tests, it didn’t prove to be so.