In this post I will be reviewing the Fx Monopoly manual forex trading system for the free to download MetaTrader 4 trading platform. It is simple to use as it gives you buy/sell entry/exit signals via pop-up alerts and/or email. It includes custom indicator for your charts which visually displays colour coded signals.
It is suitable for the most novices of forex traders whilst also being beneficial as a stand-alone trading system or additional filter for the more experienced forex trader. Importantly, the indicators used do not repaint so signals remain valid after they appear and this also allows you to visually back test the system on any currency pair and time frame.
Fx Monopoly Trading Strategy
As previously stated, the Fx Monopoly trading strategy is simple to use, all you have to do is set it up on your MetaTrader 4 platform on currency pairs/time frames of your choice then wait for signals. I would be trading on the major currency pairs such as the EURUSD and GBPUSD due to the lower spreads and liquidity provided. I would also trade on the h1 time frame or higher as this can produce some big moves. Exit is clearly marked by the system and you can exit on an opposite signal then re-enter in the opposite direction if you wish.
I would use the Fx Monopoly signals with a good risk to reward ratio ensuring that a losing trade does not wipe out my winning trades. With this trading strategy you can use your own additional filters such as fundamental analysis and/or price action should you wish. It can be used for scalping, day trading and swing trading.
Fx Monopoly Summary
Fx Monopoly is a manual forex trading system suitable for all different levels/styles of traders. It is diverse and flexible so can fit around your availability for trading. The alerts ensure that you can monitor multiple currency pairs and time frames without needing to chart watch all of the time. It comes with detailed instruction manual including trade setups, full support and a money back guarantee.