looking for risk free tools on forex

[JIANGZUOXIAN]

As far as I understand it is almost impossible to trade in the forex market and not to lose but if you use scalping with a short stop or arbitrage, then the risk can be reduced to almost 0.

 

[kalott]

https://www.leaprate.com/financial-...-receives-350m-fine-manipulating-forex-rates/

 

[tomorton]

What would be nice would be for a consistently profitable scalper to come on here and tell us how they're doing it.

 

[SmartGeek]

Forex Trading is the best way to make some good money online, and if we wanna become successful, we need to have lots and lots of practice to obtain knowledge and experience and skills which is required to survive in Forex.

 

[JIANGZUOXIAN]

What would be nice would be for a consistently profitable scalper to come on here and tell us how they're doing it.

I have good scalping and arbitrage system and it works for me. I am looking now for trend following system.

 

[SmartGeek]

There are many strategies online, and we need to learn it all, we cannot survive in Forex Trading, through one single strategy.

 

[gerryg]

I have good scalping and arbitrage system and it works for me. I am looking now for trend following system.

You can try swap arbitrage system its risk free in terms of trading, but you can be caught by a broker if you don't hide your system. From $2000 deposit it yields around 20-30 bucks for me with current rate differentials.

 

[shifting sands]

It's impossible to trade forex without exposing yourself to some risk. You decide how much and that will translate into your returns. Unleveraged (1% risk exposure) is sensible. As an example I don't scalp but sometimes use a shorter timeframe for an entry, gain a small buffer eg 10 pips and because I don't really have a core view on the trade it's just price momentum, will move my stop to cost. Either the trade takes off or it gets stopped out for a tiny profit. Many times if I had left the risk portion on the trade would have had room to get going. Or not

 

[crauria]

Ok, 3 ways dude!

1. Always use a tighter stop than take profits while operating with the trend.
2. Never risk more than 2-3% of your account in a single trade.
3. Do not open positions in correlated pairs / equities,
4. Try to have as much indicators as possible in your side.
5. Anyway, the only rule that works is: Practice, Practice, Practice, Practice, Practice.

If you don't have time to practice but you don't want to invest in a passive way then copy some profesional traders. BUT, keep in mind point 2, allocate 5% to every trader. If you don't know who are the best traders then use a copymaster (http://www.zulu4me.com/en/home/) (they analyze all of them and make it easier).

If this is too much, then buy some index ETFs (http://www.morningstar.com) and wait for years.

 

[SmartGeek]

Thanks for your valuable advice, I will keep that in mind while trading and let's hope for the best.

 

[JIANGZUOXIAN]

You can try swap arbitrage system its risk free in terms of trading, but you can be caught by a broker if you don't hide your system. From $2000 deposit it yields around 20-30 bucks for me with current rate differentials.

I know about this system. Good idea.

 

[SmartGeek]

Yeah, it is quite a nice system to trade, but I am afraid that you cannot totally eradicate risk, there may be a point where we will lose through it, let's hope for the best.

 

[JIANGZUOXIAN]

You can try swap arbitrage system its risk free in terms of trading, but you can be caught by a broker if you don't hide your system. From $2000 deposit it yields around 20-30 bucks for me with current rate differentials.

Can you provide me with a link?

 

[JIANGZUOXIAN]

It's impossible to trade forex without exposing yourself to some risk. You decide how much and that will translate into your returns. Unleveraged (1% risk exposure) is sensible. As an example I don't scalp but sometimes use a shorter timeframe for an entry, gain a small buffer eg 10 pips and because I don't really have a core view on the trade it's just price momentum, will move my stop to cost. Either the trade takes off or it gets stopped out for a tiny profit. Many times if I had left the risk portion on the trade would have had room to get going. Or not

thanks

 

[SmartGeek]

Forex Trading is very much risky, and there are no other tools that you could make the Forex Trading absolutely risk free. Thus you need to understand that if you wanna become successful, you need to have lots and lots of practice. That's the only way.

 

[progix]

I guess we can reduce our risks by implementing a stop loss in forex which can help us from loosing more amount.

 

[tomorton]

Would you say, ALWAYS use a stop-loss, and how would you identify where to place it? Do you use guaranteed stops? Do you ever stop-and-reverse, and according to what criteria?

 

[SmartGeek]

There are many ways to trade and we need to find the best strategy to trade that is beneficial for us, like for the stop loss, some traders earn through it and some don't so you need to just check whether you could deal with it or not.

 

[NVP]

As far as I understand it is almost impossible to trade in the forex market and not to lose but if you use scalping with a short stop or arbitrage, then the risk can be reduced to almost 0.

good luck with that

 

[gerryg]

Anybody tried to copy signals from myfxbook? there are lots of free signal providers, I think it is better to use services of professionals rather like staying unprofitable with your own trading decisions.