The Key to Forex Profits

While there are many different opinions between various Forex traders about which methods and strategies are best,

there is one singular point that every Forex trader will agree on: you absolutely must have a great trading system to profit consistently.

A great Forex trading system is the difference between profiting consistently from Forex trading and from finding yourself busted. There isn't a lot of middle ground, either. The right system will make you a lot of money. The wrong one will strip you of your entire investment.
A great Forex trading system is one that first off will be successful at trading the market. If it doesn't make money, it's not any good. That part is obvious, but another part of that equation is how often the Forex trading system can actually be applied to the real and constantly moving currency market.
Is it only when the market is trending? Counter-trending? Breakout? Is the system a combination of two of these, or some combination of all of these? How often the trading system can be used and how restricted the system is by market conditions.

The market does not breakout often, but the best opportunities to get massive profits are during the breakout market. So a Forex trading system that is designed to be able to trade effectively no matter what state the market was in is obviously going to be far superior to any system that only trades with one market movement or in any other limited situation.

Every successful Forex trader has a solid, tested, and proven Forex trading system. The same is true with any actual company that can consistently make money trading the Forex. This point can't be emphasized enough.

Any company or individual trader that can consistently make money trading the Forex, and teach others how to do so as well, must be using a time proven Forex trading system.
If you are only going to take one piece of advice from this article, then make sure it's this one: find a successful and time tested Forex trading system.
Find a Forex trading system that has been used and tested for at least a couple of years, if not longer. The longer a company has been profiting from the Forex, and the longer that system has been tested, the better the chances of you coming out of trading the Forex grinning ear to ear about your new fortune.

[ForexGen Demo Accounts Contest]

Win Cash Prizes

[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name: - Phone number

Also provide us with the following identification document:
" Certified copy of the information pages of account holder current valid passport or government issued photo ID"
After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit 2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit 3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com