Tuesday, 10 July 2007

How I Got Started With Fozzy Forex Trading System

Forex Trading System

I have been involved in foreign exchange currency (forex) for just over a year. I originally got involved after hearing about it from several HYIP companies (which turned out to be crooked).

Hyip stands for High Yield Income Plan. Basically they are an investment plan whereby you give them your money and they trade it on your behalf and give you a percentage back either weekly or monthly. Be warned almost all of these are scams and I lost big time. At the time of writing out of the ten or so HYIP's that I invested with all but one have disappeared taking my money with them.

However without discovering HYIP I probably would never had discovered forex. Almost all the HYIP's were (allegedly) making their money from foreign currency trading. I didn't what it was or how it was done but after speaking to another HYIP'er in a forum who was making $500 a day I wanted to find out more.

After a lot of searching I found Forex Factory which has been absolutely essential in my development as a trader. The guys there are so helpful and there is so much to learn. I spent weeks crawling through the back posts on the forum learning as much as I could.

After demoing a lot of systems I finally decided I wanted a forex system that would enable me to work my full time day job but allow me to trade at the same time. A lot of forex systems are based on small time frames of one hour or less. Although some of these forex systems were ok I couldn't trade them due to my time limitations. Eventually I found a system call 'The Daily Fozzy Method' which suited me down to the ground.

In my next post I will discuss the Fozzy forex sytem, how it works and what kind of results you can expect.

Forex Trading System

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1 Comments:

At 27 August 2007 11:12 , Blogger Alex said...

forex

 

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