Hi everyone,
I'm new, hope to contribute to your wonderful society with time, but right now I would really appreciate if some of you could reply to a few very basic questions I have
First my background ..... I'm a TA based short term stock trader (deliver based, occasional index futures but no single stock futures) and have been trading for the last two years. I trade soley on technicals and use amibroker for this purpose. At this time I'm considering switching to forex primarily because of the ability to use greater leverage.
I'd like to know.
1) Can TA be successfully applied to currency trading or is news trading the only successful method. I ask this coz I read at the forexbastard website that TA wil not work in forex, it never has and never will as per a trader named Felix. Is this true?
2)Does Mark Mcrae's surefire forex trading system or Avi Frister's Forex trading machine system work. They have both made strong claims about their systems. If I practice either of these to systems and are able to follow them to the letter would I be profitable in the long run. Does anyone trade these systems successfully as has anyone done a future simualtion for them.
3)Can anyone recommend a system which would actually produce profits if strictly adhered to at the CURRENT TIME.
Many thanks.
I'm new, hope to contribute to your wonderful society with time, but right now I would really appreciate if some of you could reply to a few very basic questions I have
First my background ..... I'm a TA based short term stock trader (deliver based, occasional index futures but no single stock futures) and have been trading for the last two years. I trade soley on technicals and use amibroker for this purpose. At this time I'm considering switching to forex primarily because of the ability to use greater leverage.
I'd like to know.
1) Can TA be successfully applied to currency trading or is news trading the only successful method. I ask this coz I read at the forexbastard website that TA wil not work in forex, it never has and never will as per a trader named Felix. Is this true?
2)Does Mark Mcrae's surefire forex trading system or Avi Frister's Forex trading machine system work. They have both made strong claims about their systems. If I practice either of these to systems and are able to follow them to the letter would I be profitable in the long run. Does anyone trade these systems successfully as has anyone done a future simualtion for them.
3)Can anyone recommend a system which would actually produce profits if strictly adhered to at the CURRENT TIME.
Many thanks.