In this post I will be reviewing the Forex Pros System. This is a manual forex trading system for the free to download MetaTrader 4 trading platform. It can be traded on any currency pair and timeframe although I would highly recommend that you stick to the majors such as EURUSD and GBPUSD. This will give you plenty of liquidity to trade with and also lower trading costs from lower spreads/commission. It is also wise to learn how to master one or two currency pairs rather than trying to monitor multiple currency pairs at once. Furthermore, I would also recommend focusing on the 1 hour timeframes and above for more reliable signals and less market noise.
Forex Pros System Trading Strategy
The Forex Pros System aims to make 200 pips every day although even a fraction of such gains would be excellent. It does not require any previous trading experience and gives you clear entry and exit trading signals into the market with sound and pop-up alerts when there is a valid signal. It is very user friendly with colour coded indicators for clear display of signals. The visual display does a great job of filtering out ranging markets and identifying clear trends. Thus, you can enter the trend at a good opportunity just ensure that you maintain good money management and a sensible risk to reward ratio. With a risk reward ratio of at least 1:2 you can have less than 50% winners and still be profitable overall. Forex Pros System comes with 4 custom technical indicators and 2 arrow alerts – one for entry and another for entry confirmation.
Forex Pros System Summary
Overall, the Forex Pros System is a very useful forex trading strategy to suite a wide range of traders of any experience level. It includes a detailed instruction manual with screenshot trading examples and gives you clear entry/exit points into the market with stop loss and take profit recommendations. You can trade it as is or use it as an additional filter to your existing manual trading system. It is very flexible as it can work on any currency pair and timeframe to suite your requirements and availability for trading. It also includes free support, lifetime updates and a no questions asked 60 day money back guarantee.