Silicon Forex Review - Is a Scam Or Does it Work?

By Tony Matos

The new buzz in Forex market is about Silicon Forex software so I decided to try out this new program and have a test run on a demo account; this program also work with Metatrader 4 trading platform.

Everybody in the market is wondering about Silicon Forex the first area will be that requires no human interaction. It's a pug-and-plan Forex robot that enters and exit on autopilot. It also has a video tutorial that comes with the product. When you follow the video instructions you will have Silicon Forex up and running in no time.

This system is coded to find profitable trading opportunities for you and went to enter and exit the market it helps how many lots to enter and when to place your stop loss.

Be advised that Silicon Forex has been developed by Forex pros. The software focuses on EUR/USD pairs you will see that it's the most popular pair in the market and you will see that 3 out of 4 trades you will gain profits. Also note that its has a no question asked 60 day money back guarantee and you will be refunded in 24 hours.

So you must wondering if this systems works or it's a scam; I am very happy with this software it has worked fine for me and after purchasing Silicon Forex, in 15 minutes I was able to make my first trade; the setup is very easy and has been very profitable for me. The Silicon Forex robot has been a great help in my trading and save me a lot of time and have more time with family and myself.

You can find more information and tips on Silicon Forex at http://www.squidoo.com/successfulwithforextrading - a popular lens that also provides an introduction, advice on Forex also other resources that can make you money in the forex market.

Learn to Trade Forex - 7 Important Rules to Help You Trade For Profits!

By Manson Vic

I have recently switched to plying my trade online because I will like to spend more time with my wife. Online trading can be a rewarding job to do from the comfort of your home. However from surfing forex forums, I witness how easily a rookie can get burnout from the market. Don't get me wrong, I do have my fair share of being a rookie and losing trades just like everyone else but I consider myself fortunate to have met a mentor who is kind enough to show me the ropes. The internet has provide a huge wealth of information that a rookie can easily get access to. There are various brokers and mentorship programmes to choose from but choose carefully, the last thing you probably want is spending a fortune on some worthless junk. I will like to give you a headstart and share my own general trading rules and experiences to help u earn those extra pips from each trade.

Here are seven suggestions and points of advice to consider:

1. Follow the rules of a simple trading approach. Keep it simple.

2. Accept responsibility for personal decisions and actions in the market. No one-and No methodology-is responsible for your interpretation of the market.

3. Make sure you trade a demo or play money (paper trade) successfully before moving into the world of live trading. Once you are ready to trade live, then consider trading on a live mini account, with a very small amount of deposited margin to ease into the world of live trading. It is not only an emotional learning experience to gain control of but sometimes a very stressful event in one's life to move from trading demo money to trading live money. Once you have achieved success with a small live mini account, then you can move on to the larger standard accounts, where risk becomes greater as well as potential profits.

4. Establish a live account with a broker who is known for integrity. Brokers who play games such as holding trades in order for the market to have time to turn in order to capture your money for their gain are not playing a fair game. Reputations follow brokers who hold markets during slow and fast moments of volume.

Note: Always plan a trade that has more than a scalper mentality of gaining only 1 to 5 pips. This way, the broker has ample time to cover a submitted trade or pass it on through to a bank or clearinghouse. Data feeds are different for most brokers, depending on their source, and you should allow a broker a little chance to make money as well. After all, without a broker, the opportunity to trade in the markets would be very expensive. More will be offered on this value and need for brokers within the industry.

5. Invest in personal education before trading the forex, even if you have experience trading other markets. The forex is a totally different type of industry, with much more volatility than other markets. When selecting a firm or mentor to assist you in developing the skills necessary to survive your initial years trading the forex, and as you develop those skills, make sure the mentoring person or company is walking the talk. Many mentors teach but do not trade, and this may not be the best way for you to learn. A legitimate mentoring company or individual not only is trading live but is in a position to provide ongoing free daily support along with a proven track record of success to back up the ability to teach. Good mentors will have on file, for anyone to review, copies of documented live trading histories from students that they or their organizations have trained.

6. The greatest distance to overcome in each trade is found between the ears. I feel attitude is everything in the markets, and that is why I have placed so much emphasis on becoming a string trader. Many have told me that the truth comes out about yourself when you learn how to trade. You may learn much more about your self-discipline as a forex trader than you have ever realized if you keep an open mind as you pay your dues of time and practice. More will be covered in future articles on why you should strive to be a string trader and how this may straighten out issues regarding lack of discipline in the market.

7. You must persevere in the market, never giving up while learning and paying the dues of time. It is necessary to just hang in there even if it takes years trading a demo and a live mini account before you are ready to move into the world of standard account trading. All too often, traders go live way too soon and lose their money because they skipped the necessary steps of paying the dues of practice, spending time in the market, as well as just growing and finding out who they are. Trading definitely will reveal something about yourself that you may have never known.

Happy Trading!

Click here and Find out more about forex brokers and mentorship program at my squidoo: Mansonvic

Make Money Trading Currencies - 4 Steps to Currency Trading Success

By Kelly Price

If you want to make money trading currencies, then we will show you how to do this in simple steps. Here we will give you the basics and help you build a currency trading system for long term trading success.

Step 1 - Get the Mindset for Success

You cannot get currency trading success from others and there are plenty of people wanting to sell you automated forex robots and systems but they don't work. If you want to win, you have to understand that you need work and learn currency trading for yourself. If you do this, you will have confidence in what you do and the discipline to follow your system.

Most traders fail because, they don't have the discipline to follow their system and if you don't have the discipline to follow it, you don't have a system!

Step 2 - The Methodology to Base Your System On

The best, simplest and easiest to understand methodology, is to buy or sell breakouts of price, to new market highs or lows.

Look at any forex chart and you will see most major trends start and continue from new market highs or lows. If you can go with them, you can make a lot of money. Most traders don't and that's why the majority lose.

Most traders want to wait for a pullback, to buy at a "better price" and of course prices don't pullback and they sit and watch, as the trend sails over the horizon and makes thousands of dollars in profit and their not in!

Go with breakouts and sure you miss the first bit of the move - but if it's a good break, you will have a lot of profit ahead of you.

Step 3 - Basics of Your System

You need to understand support and resistance.

Look for levels that are considered important by the market and the more times the level has been tested the better. You then need to confirm that when a break starts, the odds are on your side and it will continue and for this you need to use momentum oscillators.

We have discussed these fully in our other articles but for now, you simply need to know they will help you determine price strength through the breakout point. If price momentum accelerating, the odds are on your side and you can enter.

Look up the stochastic and RSI for this - there great indicators and you can learn how to use them in about 30 minutes.

Step 4 - Money Management

You need to play great defence and defend your equity. Just like all the great football teams, if you have a great defence, the offence will get the opportunities and make them successful.

With breakout trading, your stop is close and obvious (below the breakout point) and you should trail it slowly as the market moves.

Don't make the mistake of using too much leverage.

You can get up to 400; 1 but 20:1 is plenty, more traders lose due to over leveraging than any other reason.

Putting it all Together

You don't need a complicated currency trading system, you need to keep it simple so your trading system is robust, in the face of brutal market conditions. The key though is discipline; you must be able to trade through losing periods, until you hit a home run.

If you want to make money trading currencies - you can. The above tips will help you and remember, work smart not hard, keep it simple, get the right mindset and you will enjoy long term currency trading success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's and more on Make Money Trading Currencies and an exclusive risk free Forex trading Course visit our website.

Best Technical Analysis - The Best Methods For Big Consistent Profits

By Kelly Price

So what is the best technical analysis? There are numerous methods and theories you can use and here we will separate out the best technical analysis theories and indicators which you can use for bigger profits.

There are two mistakes most novice traders make and here they are if you want to win avoid them!

Markets Move to a Scientific Theory

No they don't and its obvious why - if they did we would all know where prices are going in advance and there would be no market! Markets move on uncertainty and that's a fact.

There are theories that claim to be scientific but are nothing of the sort and they include - The theories of W D Gann, Elliot and his Wave Theory and the Fibonacci number sequence, avoid them or lose.

Forex trading involves trading the odds and you wont win every trade, but you can make big profits.

The More Inputs the Better

Today, we have super fast computers and complex software programs and many traders are under the impression, that the more complicated the method and the more inputs and technical indicators they use, the better - this is simply not true.

If it were, in the last 50 years with all the advances in technology we have seen, far more traders would win then they did 50 years ago - but they don't.

The reason for this is - simple trading systems work best, as they have fewer elements to break and are more robust.

The best forex technical analysis is simple and if you want to succeed, you need to make sure your system is simple too.

How to Use Technical Analysis

Keep in mind that technical analysis has many advantages but it is NOT a science, it's an art.

Your aim is the spot and act on high odds trading scenarios.

Forget about trying to pick market tops and bottoms and trade the reality of price change only and look to confirm price momentum is on your side.

In my view, the best technical trading systems use breakout methodology.

It's a fact that most major trends start and continue from new market highs. If you can lock into these breaks and confirm them with momentum oscillators, you can make a lot of money.

The next article in this series on best technical analysis, will focus on building a simple, robust and profitable long term breakout system for profit.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's and more on Best Technical Analysis and an exclusive risk free Forex trading Course visit our website.

Automated Forex Robot - Finding the Best Forex Robot For Consistent Profits

By Kelly Price

If you want to buy an automated forex robot you have a lot of choice but the fact is most are junk with made up simulated paper track records. There are a few good ones out there and this article will help you find the best forex robots.

Here are some tips to help you find a forex robot that works

DON'T Buy Simulations!

Most forex automated robots are rubbish and claim to be able to make big money but you look at the risk warning on the track record and see the words in "hindsight" and "simulated" Of course, this is easy and anyone can make up a track record knowing all the facts.

You have to think to yourself if the robot works, why hasn't the vendor traded it?

By discounting all the forex robots which don't have long term results in real time, you are getting rid of well over 90% of them.

Get REAL TIME Results

Now lets look at what you need to look for to find a good one.

You won't be surprised that the first thing to look for is a real track record over several years that has been independently evaluated. Of course past results never indicate future profits - but it gives you confidence in the system and at least the logic is soundly based.

Understand The System!

If you want to follow a system (even if it's made money in the past) you need to how it generates its trading signals, so you can have confidence in it. If you don't have confidence, you will never be able to execute the signals as their generated and if you don't do this, you don't have a system at all!

So unless the logic is revealed to you and you agree with it, don't trade the system.

Be Realistic

The automated robots with the fake track records say you can make a 100k a year and trade with $100 but this is fantasy, not reality.

In the real world, this is what you should expect from the best forex trading systems:

- Gains of between 30 - 100% per annum

- Losing Periods of a few weeks to a few months

- Losses of between 20 - 50% of your equity at some point

If you are trading a system then stick with it and judge it over a 2 year period.

Short term performance means nothing and all systems will have a losing streak, it's the long term that counts.

If you get the right system, you can make the cost of it back many times over and you have a tool which will in 30 minutes a day give you a fantastic second income.

Take your time and shop around and you will find an automated forex robot that's just right for you in terms of risk to reward and you are then all set, to enjoy long term currency trading success with it.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's and more on Automated Forex Robot and an exclusive risk free Forex trading Course visit our website.

6 Forex Risk Management Tips - Successful Forex Trading Guidelines

By John J. Drummond

Forex trading has become widely popular despite the dismal statistics that over 90% of traders lose money. The prospect of taking a piece of the 3 trillion dollar daily pie which the foreign exchange market sees is strong and tempting. Yet the risks are also tremendous, as the statistics show.

The sad truth is that most traders fail to truly make their trading a business because they don't apply basic Forex risk management principles. This is what truly separates the men from the boys in Forex and can have a huge effect on your long term results.

Here are 6 tips on Forex risk management, minimizing Forex losses and risk factors

1. Don't put all of your eggs in one basket - This is true for any investment and Forex is no exception. Forex investment should only be part of your portfolio, not all of it. Another way to achieve diversification is to trade in more than a single currency pair.

2. Don't over-leverage yourself - It's easy and tempting to leverage yourself a 100 times over. It also makes it pretty easy to lose your shirt. Don't take huge leverages. It's easy to lose all of your deposit that way in just one quick fluctuation of the market.

3. The Stop Loss is sacred - Trading without a stop loss is like jumping out of a plane without a parachute. You're going to get splattered and it's going to be ugly. Also, once you set a Stop Loss, you never take it down. Otherwise, it's like jumping with a parachute but never intending to open it.

4. The trend is your friend - Unless you're a position trader and you plan to hold a position for years based on in depth economical analysis, you shouldn't go against the trend. Remember, there are stronger players in the market. You're not going to wrestle the market to the floor. What would you rather do, swim with the current or paddle in the opposite direction?

5. Educate yourself continuously - The best way to know Forex risk management rules and become a successful forex trader is to know how the market works. This is an ongoing thing, so keep at it.

6. Use software to help you - To achieve Forex success, make use of trading software and analysis programs which can help you make a better decision. These systems aren't perfect, but you can still use them as advisors and something to fall back on.

Use these 6 tips and you'll minimize your risk and become a more sensible, successful trader.

John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automatic Forex Trading Robots. To read more about Forex trading on John Drummond's blog, click here: Forex Education and News.

The Best Forex Trading System - This is the REAL Way the Pros Trade Forex

By Jim Buhs

What is it that makes the best forex trading system? Is it the one that most people use? Probably not, otherwise why would there be so many people failing to make any money? Everyone knows the statistics. 95% of traders who try trading forex, fail.

So, if the best forex trading system isn't based on popularity what is it based on? Simplicity!

I know some of you are probably thinking that these systems, where you put a bunch of indicators on your charts and you just trade based on the readings of the indicators, sound fairly simple. After all, it is something that anybody can follow.

But when I talk about simple, I mean having a less is more kind of approach. If you are adding more indicators and more gadgets can you really say that you are making things simpler? Better yet, can you really say these indicators are helping you actually understand the market?

If you are paying hundreds of dollars a month on charting software from eSignal or TradeStation, you have to ask yourself is it worth it? Who knows? To some, it probably is.

I can only speak from experience but when I was finally able to trade the markets successfully, is when I got rid of all these excesses. The market suddenly became simpler and easier on the eyes. I was able to spot patterns that get repeated constantly in the price action, which helped me to forecast future movements. The moment you wave bye-bye to all the unnecessary filler that comes with trading, is the moment you have a true understanding of the market.

Want to learn how to trade forex without indicators then check out my best recommendation Bird Watching in Lion Country

Forex Pairs - Understanding How Forex Currency Trading Works

By Jason Fielder

If you want to be able to effectively trade the Forex, then you need to understand how Forex pairs work. "Forex pairs" is another way of saying "currency pair." All trading in the Forex market is done not with individual currencies, but with currency pairs. To trade the U.S. Dollar (USD) you have to choose another currency to trade it against. This is why understanding Forex pairs is so important. It's not enough to understand one currency. You have to understand how two currencies are going to relate to one another.

The major currencies, and major currency pairs, will account for nearly 80-85% of all Forex trades world wide. The reasons for this are fairly simple and straight forward. The strongest economies are often the most stable and come from the most stable governments. This security and strength of economy is what makes these main currencies strongest and the best to trade.

Look at Zimbabwe's hyperinflation as a reason why smaller nations and nations with dictators aren't trusted in currency trading. There are too many variables, and an economy can completely change overnight. Governments that operate by Democracy and that are strong aren't likely to fold. Economies given freedom to operate on their own also tend to work in a stable way. Even the most unstable weeks or months in the United States would have less effect on the currency than if China's leadership decided to shut out all foreign investment tomorrow.

This is part of the reason China's currency hasn't broken into the major players, while nations like Canada and New Zealand have. While it's unlikely that China would have a sudden shift like this, it is possible. That type of insecurity is why China's Yuan isn't going to be in position to stand up with the CAD, NZD, or CHF any time soon.

The most common Forex pairs will get traded the most because the Forex market is volatile enough without the dangers of governments shutting down foreign investment, military coups, or any of the other common worries associated with these nations.

Russia fighting Georgia, China cracking down on dissent, India and Pakistan - even modern developed nations can be too unstable for good currency strength.

So when you're looking for a good currency pair to trade, don't get cute with Yuans, Pesos, or Rubles, but stay with the big dogs. They provide all the profit opportunity that a good Forex trader needs.

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/ From Jason Fielder: Founder, ForexImpact.com

Day Trading Forex Currency - Not For the Beginning Trader

By Jason Fielder

This might sound a little repetitive if you've read all of my blog posts about the Forex market, but it seems like every commercial you see on television about trading the Forex is touting day trading as the easy way of trading the Forex. There is no easy way to trade the Forex market, and day trading Forex currency is definitely not for the beginning Forex trading. Day trading is an advanced strategy and shouldn't be jumped into by inexperienced traders, regardless of how easy any commercial makes it appear.

Day trading the Forex might be a popular fad style right now, and there probably are Forex traders who make some decent money with this style, but the very nature of day trading with all the short term trades makes it more difficult to have accurate technical analysis of the upcoming trends.

You may avoid most of the major losses by having such short term trades, but you'll also miss out on any major breakouts that could have made you far more money with a long term strategy.

The same leverage that allows for decent profit to make on a lot of short term trades is the same leverage that can also cause you to lose money on a lot of short term trades. Some inexperienced traders tend to believe the short term trades act as a hedge to protect you, but this isn't the case. Day trading is not any safer than long term trades. If anything, they're more dangerous.

Day trading is all around the short time, and requires an enormous amount of attention, skill, and concentration. While there are probably many Forex traders who prefer this method, the real money to be made is learning how to use technical and fundamental analysis on longer trades where you can take advantage of channel breakouts.

Without ever taking advantage of the breakouts in the Forex market, day trading Forex currency will never be able to match the profits of traders who have systems that allow them to take advantage of long term runs in the currency market.

While there is certainly a place for day trading the Forex, there are just other Forex trading systems that could offer more profits with less risk.

If you're dead set on day trading, make sure you understand the intricacies of the Forex market first to make sure you understand the markets before jumping to advanced Forex trading strategies like day trading.

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/ From Jason Fielder: Founder, ForexImpact.com

Do Forex Trading Robots Work Or Are They a Scam?

By Fred Jay

The forex market is now a side or full income for many people due to that fact that their is so much money to be maid. Recently, lots of people have been relying on forex trading robots to make forex trades on auto-pilot. A few years back, all forex trading was done manually, and almost had to be a full time job, but thanks to changes in technology, forex trading robots were developed to make trading forex a breeze and very profitable.

Forex Robots, which run on auto-pilot, which means can do all the work for you, but Some only act as advisory software, alerting you when its time to make a trade. Some of the better robots will do all of the work for you, all you need to do is fund the met-trader account and it will analyze and make profitable trades.

So many people ask themselves the question "Do Forex Robots Work Or Are They a Scam?"

Here is the truth, some of the forex trading robots work very well, and some are complete rip-offs. So you just have to be careful when purchasing a robot. Any product you are looking at must show proof of its earnings! To sum it up, some robots can make you 10,000 dollars every month and some can make you loose money. As long as you get a good proven robot, you will most likely come out with a large profit.

How to avoid getting scammed?

• Make sure it has a money back guarantee
• Make sure you can use the software on a demo account - This allows you to put the software to use with play (fake money) to see if it is actually profitable.

Do you want the very best forex trading 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 software. You have to be very careful when purchasing a software though. Some of the software 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.

The Quickest Way to Profit From Your Investment in Foreign Currency

By Blaine Mark

Making quick profit from investment in foreign currency markets (Forex trading) use to require that you have to be an expert in the Forex trade with a lot of experience. But over the last few years, the type of people who are now able to exploit the Forex market has shifted dramatically. What use to be an area were only experts were able to make all the huge profits, is now the source of consistent earnings for the average Joe.

This was made possible due to the huge influx of automated Forex trading software also known as Forex robots. These applications completely manage every aspect of Forex trading, making it possible for people with little or no experience to start earning on their investment in no time at all.

The Forex robot handles all the complicated area of trading, so that all an inexperience person is required to do - is to learn how to operate the software itself. Once they have figured out how to use the software, there is nothing else that is necessary for them to do than to set the it - leave there their computer on in order to allow the Forex robot track market trends and make profit on their investments 24/7.

If you are someone who is reading this article and thinking about how to go about making investment in the foreign currency trade? Before you spend a lot of need less time trying to learn all that there is to know about the Forex market.

First, invest in a good automated Forex software so you can get started right away. You don't even have to worry about any risked factor; because you can sign up for a free demo trading account that you can use to evaluate how profitable your Forex experience is capable of being. This demo account can be managed by the automated Forex trading software as well.

There has been quite a few Forex software released lately, but none has really had everybody talking like Forex Tracer. Many are saying it has been making them significant profits on their investments in foreign currency at a very fast rate. If you want to find out more about Forex Tracer, you can Click Here to read a review to will help you decide whether it is the right automated Forex trading software for you or not.

Forex Newbies Or Part Time Traders - Get a Robot!

By Amril Haq Mohamad

If you are currently trading forex as a part time job, you will know that it demands a lot of time, and mental and physical energy. It is like your second full time job! For many beginners, like myself, cannot imagine how much knowledge and learning is required in analyzing and understanding the markets, the indicators, and the economics in general. To tell you the truth, I was overwhelmed from the amount of information I could analyze the first time I entered the forex market.

Let us be honest with ourselves, most of us are not full time forex traders. We have our own 9 to 5 jobs and most probably a family to taken care of. Our trading hours are very limited to after working hours and maybe on weekends. How on earth will we be able to find the time to learn about Japanese Candlesticks, Fibonacci, moving average charts, oscillators and momentum oscillators, and many more chart patterns and trends. And yet, theses are the technical analysis only and not to mention the economic fundamental analysis. Trading strategically, you have to do market studies by reading economic journals, analyzing financial reports, and interpreting charts patterns and trends all through the night. Of course, you will get better over time but by then you will realize that you only have 24 hours in a day. Our minds and bodies cannot take the punishments of sleepless nights over and over again, plus we still have our "day" job. Solution: Get yourself a robot!

In successful forex trading you have to do 3 things: make pips, keep pips, and repeat. Since this process is repetitious, why not let a robot do it. Forex trading robots or MetaTrader 4 (MT4) Expert Advisors (EA) are currently available in the market. There Forex Tracer, Forex Funnel and Forex Autopilot to name a few. There are many more. These robots will do the analysis of chart trends and market signals before deciding to enter or exit the market. What differentiate these automated trading robots apart are the solid back-testing results which bear out all claims made by the makers. Some of the back tests were conducted over a period of 2 years like Forex Tracer, and some over a period of 4 years like Forex Funnel. All of them had shown 90% accuracy in modeling and had over $150,000 per year in profit.

Since the robot is doing all the work for you (and it is fully automated), you do not require to have any forex expertise in order to trade successfully. While you are earning a generous amount of income from forex, you will definitely be motivated to learn about forex trading. Since you are not under pressure to learn, you will understand and retain what you have learned easily.

Forex trading robots or MT4 EAs were developed with beginners and experienced traders in mind. They are easy to set2up once downloaded and if you are the skeptical type you can test these robots with a demo account up to 60 days. If you are not satisfied within 60 days you can return them for full refund. I highly recommend you check out these forex trading robots reviews at my personal blog.

Amril Haq Mohamad writes on internet home based business and forex trading related issues. You can learn more by visiting my blog, Auto Income From Forex Trading. http://forex-auto-income.blogspot.com/

How to Successfully Trade Forex & Make Money Online

By Alexander Belov

Nowadays everyone is talking about forex. Oh, sorry, you don't know what forex is? Hmm, that's strange, because if you have been trying to make money online recently, then you should know what it is. Anyway, forex stands for foreign currency exchange. Does it make sense to you now? Well, it's a bit complicated to understand it at first, and I actually had some problems too, when I started out, but it's pretty easy.

Wow, now you know what forex means, but how people make money with it? I know quite a few people, who don't study, they don't work, they actually do nothing but work at home and trade forex. Do you know what kind of life they have? In short, I would say they are living, they are not surviving. Eventhough, they are making a lot of money, they don't want to share with me anything, because when it comes to money, everyone become greedy.

Certainly, if you are really interested in making money with forex, then there are literally tons of resources online, and if you do just a simple search on Google, you will be able to find so many websites, that it will take you ages to read all of them. Internet is full if different books and guides, and all forex stuff. I would say it's information overload. There is so much there, that you don't know where to get started. Am I reading your mind? I think, I am.

What you are looking for is probably some software, or some sneaky tool, that would do all the work for you, and you will relax and watch your profits. Sounds too good to be true? Well, that's what I thought too, when my friends told me about it. You know, it seems impossible, when you do almost nothing, and make tons of money. People are used to working hard and making only few dollars. That's why when you offer them something hugely profitable, they think it's scam.

Well, not in this case. Of course, there are tons of scams online, but I personally don't use anything, unless someone recommend it to me, or I know the brand or the company, etc. So my forex guys, who are making a living online trading currencies, told me about a software called Forex Tracer. I was curious to find out, what it's all about and I purchased it. I am glad, that I did. It's probably one of the best forex software ever.

You are probably intrigued, aren't you? That's good, because that means you don't want to be an average guy, but you want to be driving Ferrari or Lamborghini around the city and living a great life. Enough ranting. Click here to check out my review of Forex Tracer.

How the Right Forex Strategy Can Increase Your Profits

By Alex Cadens

Any forex strategy you choose has the potential to deliver big profits, however, some will tell you that a monthly, weekly, daily or intraday trading strategy is the most effective.

In reality, there can be profits in any forex strategy as long as you are well aware of the market movers and signals at any given time, and you have a clear understanding of all the elements that support your approach to the market.

Some traders base their forex strategy in long term investments (monthly or weekly positions), while others will build theirs around daily or intradaily positions that might be open no longer than a few hours or even minutes (this traders are known as scalpers).

A long term forex strategy will probably earn you 100 or 200 pips in one trade, but that is probably all you will gain within a month or a week. But on the other hand, a well carried intraday trading strategy can deliver many little 10 or 20 pip trades during a single day, meaning that maybe you can total anything between 80 to 160 pips in one day using this approach.

The intraday forex strategy benefits from the fact that the forex market, whether moving up or down within any particular currency pair, will always make small fluctuations that you can profit from during the day.

Which approach is best for you will depend greatly on your personal investment and risk management style, and also on how much time you can dedicate during the day in order to follow the market trends and spot the right entry points for a profitable trade.

I have a preference for the intraday forex strategy because of its profitability and because I have some time to spare, but mostly because I have the assistance of a software I discovered a while ago, which places trades by itself based on the market trends occurring both during the day an during the night.

This way, I can go on trading all day and all night even when I am not in front of my pc, profiting from of every little window of opportunity that might open to scalp a few pips out of the market. With this approach, my intraday trading delivers about 120 pips daily, which in my particular case means I earn about $3,000 per month with a 5,000 investment.

So the intraday trading can indeed be the most profitable approach, but it will demand that you stay very attentive at what is going on within the market on a minute by minute basis, unless of course you have a software that stays on guard while you are busy with your job or anything else that might keep you from continuously analyzing the market trends.

If you want to take full advantage of the intraday forex strategy, you can find out more about the software at this site: http://www.specialonlinebusinessreviewauthority.com there you will find an insightful review about the system.