Any recommendations on day trading the Euro?
August 16th, 2011
I trade Euro currency futures (6e) and forex (EUR) and am looking for a trading room or system to follow.
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I trade Euro currency futures (6e) and forex (EUR) and am looking for a trading room or system to follow.
Hey,
My name is Sterling and I’m the head trader at Day Trading Forex Live. Years back I finally turned into a profitable forex trader after spending a few years in a room called Forex Diamonds, which unfortunately is no longer around. As far as I have seen it was thee largest retail forex trading room. Eventually I went on to run this room. The point is I understand the help a forex trading room can offer, because I truly believe if it weren’t for that I wouldn’t have made it in the forex market.
I’ve offered others on yahoo answers a spot in our trading room for free, and I would like to extend you the same offer, if and only if you have a true desire to learn how to trade forex. If you do you can email us at daytradingforexlive@gmail.com and they will get your login setup for the trading room. Either way I sincerely wish you the best in your future as a forex trader!
I agree with Common Sense’s answer regarding developing your own system for the best results. However, it can take years and a ton of losing trades to finally figure out your psychological approach, determine what your stops and profits should be, define an overall strategy and have it work across multiple markets. I’m also a bit skeptical of claims of systems claiming to work across currencies and commodities.
I recently stumbled across Pips2Win.com which looks to be coming to completion. The site offers a trading room for the Euro only through an expert trader who has his own proprietary method of trading. Also, it offers a guarantee of 12 pips or ticks of profit per day over 30 days which is better than anything I’ve seen on other trading room sites. Pips2Win looks fairly new so I would contact them and ask if their trading room is running yet or how long it will be. It seems to be the best match for what you want and they have account results posted.
Here’s two;
http://www.redliontrader.com/
http://tradethemarkets.com/
Both have interesting approaches to trading Futures. They don’t stick to any one contract. As you would expect… ES, EMD, YM, YG, YI & E7 etc are done a lot.
Saying you’re looking for a "system to follow" tells me you’re on your way to lose some money. The successful traders only follow the systems they developed themselves. It took me several years to realize that myself.
Psychology
Risk Control
Technical Analysis
Those are the three categories that lead to day trading success. They are listed in order of importance.
I would suggest you to find help from professionnal
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