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Sunday, July 27, 2008

The History of Forex

By Fred Jay

The history of forex is very complex. Common knowledge would say that the person who invents the rules usually wins the game and comes out on top. The same can be applied to the exotic options available in forex.

It is important to remember that forex brokers are quite smart when it comes to the market options available. This can include the prices of their options and all that. They usually set you up to fail if you trade against them. The algorithms that compute how likely the price is going to get by a certain time is very complex. That's why it would be very smart to not get involved with brokers. The best option is to get yourself a auto-pilot forex robot. Some of these systems can turn 100 dollars into 500. You just have to make sure you get the right forex robot

You are taking huge risks when you are trading with a broker. The risk-to-reward ratio is normally terrible if you don't know exactly what your doing. If the risk-to-reward ratio has potential to come out on top, do not trade it! The broker will most likely think your going to suffer a major loss and is usually trying to persuade you into trading it for your loss, of course.

Remember, the people who creates the rules always wins the game. It is much better to just take a position if you feel you really have a strong option. There is no broker in the world that can manipulate the price of currencies and if there is one that can, to some small degree, it's not for long!

In the history of forex, options are usually dirty traps. The broker toys with you in these cases. The promise might be a low cost with big payout. But surely enough it won't deliver! Similar in terms of lotteries, just that you're the trader and not the actual gambler. You should always only take a trade if you truly feel and know for certain that you have an edge.

Do you want the very best forex software robot? Well I have some good news for you, I bought and tested the top 7 forex software's and put a review of the top 2 on my website: ForexTradingReview.Info I made over 900 dollars a day with one of the softwares listed on that site. Just Imagine if you purchase a couple of profitable softwares!

You have to be very careful when purchasing a software though. Some of the software's just sit around and never make you any money. If you want to make thousands every week with forex I suggest you take a look at the website: Forex Trading Review

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