elviavogel

The central theme behind the new FX Friday Forex system is that it has been developed not only to be profitable but simple to use. Although the core principles of FX Friday are based in sound trading principles the strategy has been stripped to the bare minimum in order to make it understandable and simple to execute. The key thing here is that simple also seems to equate to profitable as far as this system is concerned.

In contrast to a number of systems, FX Friday is selective in finding trading opportunities, something which helps it to maintain such a high win ratio. The theme here is to make consistent profits from the Forex markets for very little time investment on only the most rewarding opportunities. As its name suggests the system is designed primarly to trade on a Friday evening although there is the chance for a second bite at the cherry first thing on Monday morning. Trade opportunities are identified by bringing up a chart and copying the required data into the spreadsheet. The beauty of the system is that it requires no chart analysis or monitoring while looking for trade opportunities. Just follow the instructions and the spreadsheet will tell you if you are on trade.

Around 10 minutes work in total. Once a trade has been identified you then just need to validate it and log into your fixed odds broker account to place the trade. This makes FX Friday different from most other Forex trading strategies.

FX Friday trades are not placed in the same way. Instead they are traded on a fixed odds dealing platform. Fixed odds trades are unique in that they allow you to trade Forex with known risk and reward prior to placing a trade. While several fixed odds bet types are available, FX Friday uses the No Touch bet type. This bet pays out provided the market does not touch the level set by the bet while it is live.

With any profitable trading system the question of course is what is the performance like?. Figures from the beta testers have shown this system to be highly profitable, loosing just one trade in over 20 weeks of trading!. The only minor criticism of the system is that it does not trade that frequently. However as any trader in the know will tell you, to be profitable, a trading system just needs to win trades and not simply trade for the sake of trading.