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The best forex trading technique or trading system

January 12, 2010

I got the following email over the weekend. Let me know what your immediate response is. I had my own, but I won’t taint your view with what went through my mind at first.

Dear sir,

kindly to inform you that i’m new in forex trading. So far i always lost my money in trading forex. if you don’t mind, can you tell me what is the best forex trading technique or trading system that can make me always win and make money in my forex trading. thanks you.

Aside from any other response, my recommendation to this individual is to read two posts on this blog.

The Secret to Trading Success

Want me to tell you where to buy and sell?

The short answer to this question is this: There is no “best” system and while there are ways to trade where you can approaching having all winners, they are extremely risky.

Struggling with support & resistance and knowing what the key market levels are? Check out the Price Distribution Analysis methods I use.

More on this topic (What's this?)
Daily Forex Commentary March 10, 2010
Top 20 Forex Trading Rules
Forex trading platform
Read more on Forex Trading, Forex at Wikinvest
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