subject: New FX Friday Trading System Review [print this page] The launch of FX Friday has described it as both a simple and profitable Forex trading system. This is an accepted part of any trading system launch these days which of course always paints the picture of a system in its best light - so is FX Friday any different? .
FX Friday has been developed with the prime objective of providing an simple and accessble Forex trading strategy . While the strategy has been simplified it retains at its center, a fundamentally sound trading approach for the selection of it's trades. Importantly in simplifynig the system it has managed to remain profitable, a measure by which all Forex trading systems are judged.
Unlike several fast paced Forex trading systems, FX Friday is selective in finding trading opportunites, 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. To find trades you simply call up the recommended chart and copy the figures as guided by the clear instructions. No analysis, no complicated screen watching. It's just a case of following the simple guide and plugging the figures into the spreadsheet to see if you should trade. The whole process is no more than 10 minutes from start to finish. 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 is a unique feature of FX Friday. Trades are not placed through a traditional broker. Rather they are traded via a fixed odds trading platform. Fixed odds trades (or bets as they known) offer a unique risk balance in providign both known risk and reward at the outset. Fixed odds brokers offer a variety of bet types to take adavantage of all market condidtions although the FX Friday system prefers to concentrate on just one bet type - The No Touch. This bet pays out a fixed amount if the market 'does not' touch the a set level during the duration that the bet runs
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With any profitable Forex trading system the question of course is what is the performance like? Feedback from the beta testers has shown that this system has performed well in difficult market conditions with almost a 100% strike rate of winning trades. This is impressive but if there is one small criticism to be levelled at the system it is that it only trades once a week. However anyone who has traded previously will know that it is far more profitable to book wining trades little and often than simply to trade for the sake of trading.
New FX Friday Trading System Review
By: Vernon Lees
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