looking for risk free tools on forex

JIANGZUOXIAN

Junior member
12 0
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.
 

tomorton

Legendary member
7,458 1,010
What would be nice would be for a consistently profitable scalper to come on here and tell us how they're doing it.
 

SmartGeek

Active member
206 6
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

Junior member
12 0
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

Active member
206 6
There are many strategies online, and we need to learn it all, we cannot survive in Forex Trading, through one single strategy.
 

gerryg

Established member
900 6
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

Junior member
19 3
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

Junior member
24 0
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

Active member
206 6
Thanks for your valuable advice, I will keep that in mind while trading and let's hope for the best.
 

JIANGZUOXIAN

Junior member
12 0
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

Active member
206 6
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

Junior member
12 0
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

Junior member
12 0
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

Active member
206 6
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.
 

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