Forex Trading Systems Technicals Or Fundamentals
The amount of forex trading systems available has exploded in recent years. This is partly due to demand from smaller investors who need an easy system to follow in order to learn the markets.
Because most of the systems being sold rely on a small amount of indicators to forecast market movements, they rely on the decision making process by using technical analysis.
Technical analysis is the most popular forex trading system taught, using simple trading rules, with parameters optimized for historical performance.
Some of the newer forex trading systems use a combination of technical analysis, neural network pattern recognition, and genetic algorithms for optimization.
When buying a system, you have to be extra careful as historical performance is no guarantee of future performance. And because most of the systems have parameters optimized for historical performance, the historical results seem from very good to excellent for most systems.
Most of the forex trading systems that use fundamental analysis are less popular and not as widely used. They are mostly self-made by professional traders and not easily transferable to anyone else’s use.
However, a few years ago one of these professional traders, who was a bank trader for over 20 years began teaching some of these insider secrets to a few friends. Soon the word got out and the list of new friends had grown into a couple hundred.
This growth was more than he had planned on. So he withdrew and went into reclusive.
One of these new friends took what he learned from this master trader and simplified the teaching so more traders could understand.
Unfortunately last we heard this student was also calling it quits for a while.
But rumors have it that this master bank currency trader, who exposed a few years ago insider secrets to a few, is considering coming out of retirement with a new course with additional material for more advance trading.
Apparently the word is he wants to have a limited release.
If you want to read articles written by this master trader or would like information about his forex trading system, drop us your email.
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