Simple system Forex Here is a simple forex system that I have used with good results in the past. Simplicity is often under rated in the forex world, but they can often prove the best methods.

This is a forex trading system based on chart set ups, and can be easily followed. You need to access your chart on your trading platform or from a website and have the following in place:

Firstly set up the charts at 3 minute periods for each candlestick. Then go to the settings and the moving averages and change these to 10 and 26. You just want these 2 moving averages showing. Then go down to stochastics and set these to 15 and 3 and 3.

Then you need to click the charts to the 30 minute period to discern which way the trend is heading, as you are only going to trade with this overall trend.

Once you have determined the overall trend, go back to the 3 minute chart. Now if all these positions are in place you are ready to trade: The moving averages are both pointing in the same direction, and with the overall trend. Even better if they have just crossed and are heading in the trends direction. The stochastics are also pointing in this same direction with the trend. This movement is quite new and is not already oversold, or overbought in the trends direction.

If all these scenarios are in place then it could be the sign for you to trade. If you do keep your stop-loss reasonably tight and end your trade when the moving averages finally change direction.

Obviously, if you use this trade set up,past performance can be no guarantee of a successful trade, and you trade at your own risk with money you can afford to trade with.

A great way to trade as well is by the use of automated software in the form of a forex robot. The best of its type that I know is the Forex Maestro Robot, which is remarkably consistent and churns out winner after winner for you. You can take a close look at this at Make Money Online