Wednesday, July 23rd, 2008
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Apart from having a good strategy and money for initial setup, what do i need to have before i could set up an online company in Singapore and sell forex trading alerts to customers?
Any licences? Qualifications?
Cheers!
ANSWER: Good Luck With that one , you will need to be able to compete with the Best of the Best as of right now forex ring leader is considered the top Forex Signal alert Company and has been around for about 3 years and has never lost a month yet! Then you’re going to have to be able to beat there minimum pip guarantee of 350 pips per month or the next month is free. Last time I check there where giving out free trials still.
Then you’re going to need to be able to send your alerts via e-mail and “sms†around the world and to any country in under 5 seconds. And you’re going to need a detailed trading report that is to verify or risk being called a scam. There are a lot of alert services that pop up every month but never last long due to the stiff completion from the big guys. Before you waste your time take a look at fxringleader track record for ideas on how good you’re going to need to be. And whatever you do when you build a new alert site NEVER post a fake trading history. It’s easy to detect and you will be out of business fast. This is the current trading report: http://www.fxringleader.com/PastAlerts/View_All_Reports/index.html)

Source: Yahoo
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Wednesday, March 5th, 2008
Here’s a simple forex trading strategy using Forex Killer that can be used by everyone, even newbies.
1. Choose a day between Mon - Thurs for trading. Avoid Fridays.
2. Choose a time to trade. Recommended time is the overlap between London and New York markets, which is 1pm - 5pm (GMT) or 8am to 12PM (EST). The currency markets tend to be most active when market overlaps.
3. Open a 1hr chart for all the currency pairs available in Forex Killer. Try to avoid volatile currency pair such as the GBP/JPY or USD/JPY. Export the price data for all the currency pairs into a dedicated folder on your PC.
4. Select a currency pair, open Forex Killer and load that currency pair data into Forex Killer.
5. Configure Forex Killer for the appropriate timeframe, decimal, currency pair and press Calculate.
6. Check the short term and long term signals generate in Forex Killer. There are 2 things to look out for:
a. The short term and long term signals must match. ie. Either both Sell or Buy.
b. Look at the probabilities below each signal. One of them must be above 70%
7. Now, look at the chart for the currency pair, EUR/USD. The daily trend on the chart must match the signal given in Forex Killer. If your signal is in the direction of the trend, then and only then do you enter into a trade.
8. Set the Take Profit and Stop Loss values given in Forex Killer. Additionally, set a 35 pip trailing stop for your order.
9. If the above criteria don’t match up, don’t take the trade. Try another currency pair and repeat steps 3 - 7.
10. The next day, at the same time, check on your open trades. Do not close any trades until they are closed by one of your preset stops or take profit stops.
11. Repeat the above steps daily to look for new trades to enter.
As always, try out the above strategy on a demo account first to familiarize yourself. Thanks to Daniel from FXreviews for this great Forex Killer strategy.
Posted in Forex Killer Review, Trades | 27 Comments »