In this post I will be reviewing the Forex Kagi manual forex trading system. Forex Kagi is designed to be used in the free to download and hugely popular MetaTrader 4 trading platform which is provided by most of the best forex brokers. According to the developer, the Forex Kagi trading system took around 7 years to perfect and as with any manual forex trading system, as good as they may be, you need to make sure that you have your forex trading discipline in check. That means to be patient and always stick to your trading plan and money management. I find it is best to not let emotions get in the way such as fear, anger and greed.
It may be wise to start trading with Forex Kagi on a demo account to begin with until you become familiar with how this manual trading system works and you are consistently doing well. Furthermore, I would be using a reputable ECN forex broker to lower my trading costs and get some of the best possible trading conditions.
Forex Kagi Trading System
Forex Kagi uses a combination of technical indicators that you load onto your MT4 charts using the template provided and by following the instructions included. It shouldn’t take more than 5 minute to setup and you can use Forex Kagi on any currency pair and time frame that you wish.
The larger the time frame (1 hour and above) the less noise I find. Furthermore, if I trade the major currency pairs, I tend that I can find some mid-long term trends.
Forex Kagi can be traded any time of the day that suits you and claims to incorporate supply/demand analysis to determine which direction the market will move in. Forex Kagi is simple to use and very easy to interpret with its color coded indicators.
Forex Kagi Summary
Forex Kagi is a basic and simple to use manual forex trading system. You can use it as is on its own or combine it with your own technical, fundamental and price action analysis. I would just make sure that I have good money management, ideally with a reward greater than what I risk so that a losing trade does not wipe out all of my winners.
I would only use a sensible stop loss, try to cut losers short and let winning trades run, even by using a break-even and trailing stop to lock in trades.
Forex Kagi can give you entry and exit signals so you do not have to worry too much about over analysing the market and straining your eyes!
It comes with detailed instructions, trade examples, full support and a money back guarantee.