Forex Day Trading Systems
If you're looking for Forex day trading systems, one of the programs that you may want to try out is the Forex Profit Monster. It is a manual system that has had promising results over the years. Here's what you can expect from this manual Forex system.
Ease of Use: 10/10
Price: $49.99 minimum bid on eBay
Forex Profit Monster
The Forex Profit Monster system has been around for a few years now and it is still doing well in today's market. You can find this one on eBay sold by a guy named Jim.
As it turns out, Jim really knows what he's doing when it comes to developing Forex systems. He actually sells two systems: Forex Profit Monster and Forex Day Monster. The Profit Monster system is designed to be a long-term trading strategy. The Day Monster program is more of a day trading strategy in which you get more frequent trades.
One of the nice things about this program is that it comes with the complete package. You get a set of custom indicators that you can load onto your Metatrader platform as well as a manual that tells you how to use them. Everything is spelled out in crystal-clear English, so that even experienced rookies can make the system work.
Trading the System
With the Forex Profit Monster system, you should expect to place long-term trades that win large amounts of pips. This is pretty much the opposite of a scalping system. With these trades, you can enter them and then leave them open for days at a time before closing them out.
It is not uncommon to win trades of hundreds of pips. It is a trend following strategy that is designed to help you let your winner's run and cut your losses short.
When you trade the system, you can basically make it work around your schedule. If you only have a few minutes a day to trade, you can trade on the daily charts. This will require you to check the charts after the daily bar has been completed.
This really is a quality program. When using it, you shouldn't expect to get rich overnight. Even though the average return has been about 600 pips per month in the three year history of the program, you will most likely need to trade with smaller lots. If you have a very large account balance, you could make some serious money with this indicator. If you're trading smaller lot sizes, you will need to be patient. Even on "down" years, the indicator still brings in 30 to 60% returns. Try getting that at your local bank!
Buying the system is done through a bidding process on eBay. The minimum bid is set at $49.99. From there, it depends on whether other traders are bidding against you. You can usually get a copy for less than $60.
From all accounts, the customer service from Jim is also really great. If you have any questions, you will be answered in a timely manner. You can see his impeccable feedback rating on eBay for proof. This is definitely one of the Forex day trading systems that you should add to your repertoire.
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