currency forex system trading February 5, 2008
What is currency forex system trading? Usually it a software with the world
market currency data. Using a preset mathematic formula for the best result, the
software is able to determine if it a buy or sell. This help the forex currency
trader to determine better if it a good time to trade. http://www.thelogicaltrader.net
is a good currency forex system trading company. However the price tag for it is
too much for me, $100,000 USD to open an account with them.
I prefer the cheaper one. I know that cheaper one usually don’t work better. How
powerful the software can be also determining who the one that is using it.
Currently I studying on my degree and did not have the time to analysis on the
currency forex system trading. Neither do I have enough knowledge to do it. So I
decided to let some forex trading company to trade on my behalf using their
automatic currency forex system trading. However I only got 1000usd-5000usd to
spare. Thus I use GalleonFX. The requirement to open an account with them is
10K.During OCT-NOV 2007 they even have a 1K special .So I suspect in the near
future 2008 they have some more of these promotion.
The reason of why I open an account with them is because
a) They have a positive rate of return yearly since 2006.So I believe that if they continue their methodology, it will remain positive.
b) They are doing all the trading for me. Thus I have save a lot of time and can use it for my study.
c) There is no setup fee, no Management Fee, No Withdrawal Fee and No Early Withdrawal Penalties
d) The best of all they only charge you 25% performance fee which is base on the new profit they make for you.
However everyone has to understand forex is not for everyone. Prepare to loss
everything if you do any trading, or let company to trade for you. GalleonFX
have risk management however it does not mean that it is fool proof. So the best
advice is put in
what you can afford to loss.
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