Forex Price Action Trading Part II

Hello all and happy Friday! I just wanted to write another brief post on the topic of forex systems. Now I know the blog post title is actually “best forex systems” but you will have to bear with me a little longer before I get into the meat and potatoes of what I consider the better forex systems out there.

Now if any of you have been researching forex or forex systems for any length of time you will know that there are literally thousands of “systems”, magic indicators and robots being sold and marketed. The vendors of these forex systems and products usually make all kinds of claims as to how easy the system or indicator or robot is to use and how you will become an instantly profitable forex trader by using their system, or indicator.

Now I am not saying that all forex systems and indicators being sold out there are useless or are completely devoid of value. But as the age old saying goes; “if it sounds too good to be true it probably is” and you need to be very careful before risking your hard earned money on a forex system or product.

Before deciding to invest in a potential forex system or indicator you would be wise to do your due diligence and look for bonafide third party reviews from individuals or trusted forex review sites who have actually used and tested the forex system and will provide an honest and unbiased review. However you will need to filter through the countless affiliate advertisements for the forex system or product which try to pass themselves off as review sites.

One site that I have used quite a bit myself in the past to look for reviews and sometimes even forum threads on the particular forex system or indicator is the site Forex Peace Army. There are also countless forums where you can go and search for reviews or even post questions about a particular forex system or product you are interested in. These in include Forex Factory, BabyPips.Com, and Earn Forex to name a few.

BabyPips.Com is actually a great resource in general and you should definitely check that site out if you want to learn more about forex trading, and how to develop your skills as a forex trader. BabyPips.com has a forex “School” where you can go through their courses at your own pace and best of all free of charge!

Well I am going to wrap things up for this post. In my next post on the topic of forex systems I will attempt to get a bit more into the meat and potatoes of various forex systems that I have tried and some of the forex systems and software that I would not recommend.

If you want to get a head start at checking out a very good forex price action course check out our DNB Forex Price Action Membership Review.

Thanks for checking in and if you are enjoying the content on my blog so far please sign up for my free newsletter to the right and or share us using one of the social media links below.

Cheers and have a great weekend! 🙂

Serge

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One thought on “Forex Price Action Trading Part II

  1. Forex trading is just like any other fniaicnal investment tool. Takes money and some smarts and patience. Although their are a lot of perks with forex trading such as 24 hour trading, largest liquid market, and very high volatility, one should still educate themselves as you would on any type of investment. Unless you just do not care about your money.First I would recommend learning up on some technical analysis. Just search that phrase with forex in front and you will find millions of resources. Then educate yourself up on fundamental influence on the currencies. Everyone finds there own knack at trading the forex market so don’t blindly fall into a so called forex guru’s marketing trap.

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