Launches Forex Signal Service

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Netpicks, a leading provider of trading strategies to active stock and futures traders, has announced their new forex signal service averaging 450 pips a month trading the three major forex markets.

NetPicks has been providing specific trades for the stock index futures markets for several years. They have now adapted their proven trading methodology to the forex markets in the form of a complete and mechanical forex day trading system. Read more

“Forex trading is growing exponentially. It's a true 24-hour global market that experiences volumes each day greater than anything seen in the stock markets. Individuals can trade these markets electronically, without paying a commission (the cost is the spread between the bid/ask), and with tremendous leverage opportunities. New traders can even start with mini-sized contracts until they build up their equity and experience.” said a company spokesman.

“The EURUSD, USDCHF and GBPUSD are the largest and most actively-traded currency pairs. Each day, subscribers to our forex trading system are issued "Key Numbers" for each of these markets. These Key Numbers tell them exactly where to calculate their buy or short trade to start each session, along with exactly where to take profits as well as reverse and trade in the opposite direction. On average we see two trades per day per market.”

“We issue our Key Numbers at 5:00pm EST (Eastern Standard Time Zone - U.S.) and forex trading is typically very quiet for several hours until the later evening. The bulk of the forex trading action occurs in the evening (if you're in the U.S.) and then in the morning of trade the following day. Traders can take the first trades to set up or they can get in synch with the system the next morning and trade the next trades in the series. These markets are ideal since they offer a flexible schedule and not overlap trading activity in the U.S. stock markets.”

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Robyn Sharpe