Has anyone ever heared from this trading system? Is it any good or is it rubbish?
Thanks
Steve
It’s kind of hard to really answer your question definitively one way or the other.
With the FR system you are still trading and therefore are accepting a certain amount of risk. If you do your research and know what that risk is and are comfortable with taking that risk on then you’re probably ahead of 90% of people who have jumped on the FR bandwagon.
To do your FR research you need to find out all about correlations.
Some good threads to start with on babypips are here and here. You might also find useful an article about correlations that I wrote last month on my blog here.
How well will the black box nature of the FR system deal with a large counter trend in the cross rates such as EUR-CHF and GBP-CHF only time will tell.