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In order to make money with Forex, you have to have a very clear cut Forex trading strategy. Though it is not always an easy thing to do, especially for beginners, having a trading strategy can differentiate a profitable Forex trader form an unsuccessful one. That trading strategy can be gotten though 4 main ways.

1. You can device one yourself.
If you have been in the Forex market for a while, then you probably know how it works. You probably know what can make you money and what will make you loose money. With this experience in place, you can carefully design a trading strategy based on what you know. It is essential to note here that if you are not an expert, then you have to read extensively before you will be able to design a strategy that will work. There are so many internet resources that can help you learn everything you need to know about currency trading.

2. You can take a Forex course and learn from an expert.
If you are new in the Forex trading world, then you really have no choice but to consult someone who can teach you what currency trading is all about. This is actually one of the best ways to learn Forex trading. You just have to make sure the person who is teaching you is well experience and know exactly what he or she is doing. He can then design a trading strategy for you, or let you do it yourself as an assignment while he examines it and see if t is ok

3. You can use a signal service and simply execute a strategy provided by a third party
Forex trading is all about signals. What makes this currency go up and what makes it go down. If you know all these signals, you will be able to design a Forex trading system that will incorporate all those signals in it. If well done, you can really make money with it since Forex trading is all about reading charts! All the same, people have already designed many winning trading strategies. You can just copy one of them.

4. You can use EA or Forex software with the ability to manage your trading account automatically.
You can use a Forex trading robot to automatically mange your account for you. In fact this is the lazy man’s technique, but can actually work so well for you. If you want to use this method, just make sure you have the best Forex robots. Also make sure you are not using a robot which is too aggressive when trading.

Forex trading is one of the best ways you can make money online nowadays. But to be successful, you have to have a good trading system in place. Once you have a good trading strategy in place, you are sure to make money with it. Be sure to make it flexible so you can make few changes anytime if you need to.

What is really the best forex trading strategy out there? The best forex trading system or strategy is a system or strategy that allow to grow your account over time. Trading forex is not a light job, it is not easy, however, when you pursue the right education with the right mentors, you can overcome the challenges and become a successful trader.

One of the best forex trading strategy that I have come across is the London Close Trading Strategy. What is the London Close strategy? The London close strategy is a trading strategy that is time specific. It is a counter trend strategy with setups occuring almost daily around the London Close. Because it is so time specific, this London Close counter trend trades are highly predictable. You do not need to sit in front of your computer all day. Within three to four hours you are usually done with your day trading. Mostly successful.

Who developed the London close trading strategy? Shirley Hudson has been trading and documenting the results of this strategy for about eighteen months now and the results are out standing. The setup is time specific. You start watching your charts about 8 am EST and your setup should occur between that time and 12 noon EST when the London trading session closes. I have been trading this system for a while. While Shirley focused on the London Close because of her busy schedule, you can learn the strategy and apply it on other trading sessions.

Why is this the best forex trading system and why is it so profitable?

Since I started trading with a live account back in 2005, I have never come across a strategy where the author is willing to share her trading journal and update her results everyday to proof the  strategy is working that well. But Shirley does precisely that. The London Close Trade can be predicted with a high degree of accuracy. This occur because price almost always retrace around the London Close. If you look at your charts around the London close, say 11 am EST to 12 noon EST on the 5 minute chart, you will notice time and time again, these retracements occuring.  Price usually falls back to a predictable trading range.

Shirley does not use any indicators on her chart. Sometimes she does have MACD. I usually add the triangular moving averages (5, 21 and 34).  Check out your 5 minute intraday chart, plot these three moving averages and see how the time specific setups occur. You will be amazed. You can listen to Shirley Hudson’s interview regarding her own experience trading the London Close trading strategy. She actually 90% accurate. That is awesome.

The London Close trading strategy is simply one of the best forex trading strategy that anyone can learn and successfully implement to become a successful forex trader.