Recent Posts

Blog Archive



Sunday, September 14, 2008

Wave59 Review - A Very Unique Piece of Software

By Jon Ferraro

The Wave59 trading software doesn't garner the same attention as some of the big boys get, but it is certainly one of the most unique charting platforms that is in the marketplace. We're all so used to hearing about the same old indicators that every one had used a million times over and over again. Indicators such as Stochastics and Moving Averages isn't exactly what I'd call revolutionary.

But Wave59 has a wide range of tools that can't be found anywhere else. For instance, they use astrology indicators, like an ephemeris and many others. Now, no matter what your opinion is on the subject, there is definitely and interesting correlation between the history of price action & movement with the astrological signs.

They may be the most famous for coming up with the Fibonnacci Vortex. It's this incredible pattern that let's you pick with great accuracy the of high and low swing points to the pip, many times. The only trouble is that it is not exactly mechanical by nature. It does leave a lot of room for interpretation.

You can also design your trading system, just like you could with Metatrader, but a big difference is that with Wave59, you could use neural nets to devise your indicators.

While many people feel that the software is very impressive, there are still quite a few people that have a hard time putting it all together to have success trading forex. This is probably mostly due to uniqueness of the tools, which people are just not used to.


To see my complete unbiased wave59 review, make sure to check out LearnForexDirectory.com.

Use Price Action - It's the Best Forex Education You Can Get

By Jon Ferraro

People that are looking for a forex education are always looking in the wrong areas. They don't really want an education. They just want something that will make them rich without having to spend anytime learning about how to properly trade. I don't blame them of course. We all want to be rich without actually doing the work. But just as in life, forex is no different. If you want the success, you are going to have to put the hours in. It's as simple as that.

A Forex education means just that, an education. How can anybody call getting signals telling you where to trade or having some magical indicator telling you exactly when to open a trade and when to close it, and education? I could see the attraction, but more often than not, these kind of methods only lead to failure. Think about it, you are basically just a robot. If it were this simple, how come we don't hear more about forex traders who became millionaires on the news? Because it isn't that easy.

You need to take a look back to see how the successful traders mastered the market. And that usually comes in two words: PRICE ACTION. Price action is real. There is no misinterpretation. There is no fancy colors or lines that may look pretty on your chart, but don't amount to a hill of beans in practical terms. This is what some of the most famous traders understand about the markets. They realize no indicator can top the human mind.


Trading Without Indicators - Do What the Purists Do!

By Jon Ferraro

You ever wonder why there aren't more people trading without indicators? It seems like as we've progressed in the trading world, we definitely got a big boost in technology. We've got thousands of indicators in our charting platform. The majority of them, we don't even know what they do. It's like we use these incredibly expensive charting platforms as bragging rights. So we can say to our friends "Hey Bob, you know I use TradeStation, right?"

How did it get to this point? That we have to spend hundreds if not thousands of dollars a month, on data feeds, subscriptions, newsletters. magical indicators, etc.. What happened to just looking at a simple bar or candlestick chart? Is that just too prehistoric?

Well, let me tell you, if you look back at the history of trading and investing, you can see the ones that kept it the most simple were the ones that had the most success to show for it. It's not a question of "when these 2 moving averages cross each other, I'll buy". It's a question of what is the price doing? What is it that its doing that tells ME (Not an indicator) it's going to move in a certain way?.

Traders used to be able to do this on the market floor. How do those indicators look now, when there are people who could just listen to the movement of the price and trade successfully. If it can be done without any visual aids, it doesn't seem that difficult to accomplish by bar chart.


Click Here to see what I used to learn how to trade without indicators.

Trading Forex Using Price Action - Relax, It's Not That Hard!

By Jon Ferraro

For whatever the reason, most forex traders think that trading forex using price action, has to be some kind of urban legend. They hear about it a lot but, they don't understand how it can be done. After all, they are so used to people on forex forums talking about putting 10 moving averages on their charts and thinking that is all that is needed.

People just expect indicators to tell them when to go in and when to get out. It seems easier that way. We don't have to do any of the thinking because that's what the indicators are doing. Seriously, folks, how many successful traders you know do this? If there is one thing that separates the novices from the expert traders, is that experts know what they are looking at. It doesn't have to be interpreted by some colorful indicator. The expert can tell you the reason why a price will go up or down.

This is all done through price action. When it comes to price action, the basic principle behind it, is to keep it simple. Everything you need to know about where the price is headed, what are the REAL support and resistance lines, when will a breakout occur, or how long will a price stay in a ranging zone can all be answered with price action. So start today. Take off every single indicator you are using for your charts and try to see the market in a brand new light. You'll know you are getting the hang of this when you could actually understand why a price is moving a certain way.


Forex Raptor Review - What the Sales Page Doesn't Tell You

By Jon Ferraro

How could you not absolutely love the sales page for the Forex Raptor System? It sounds not only amazing, it sounds life changing, doesn't it? The pips that this forex trading robot claims to make is quite astounding. It makers a claim that the system has made $11,973 a month. This leaves a lot of room for doubt.

In this particular case, you have the right idea to have some doubts. That isn't to say there aren't many solid trading robots in the marketplace, but Forex Raptor is definitely not one of them.

Let's start off with how glitchy the whole software is. Many people report that it took them hours to get it setup, and that's with the manual that comes with it. There are also some people who were never able to get it to work. They had to get a refund, even though they never even got a chance to use it.

Forex Raptor also needs a lot of help in their customer service area. Many buyers reported that it took the customer service department more than 2 weeks to reply to an email. This is just not the proper way to run a business. Especially, one which clearly has a lot of technical problems it needs to take care of.

But let's talk about the forex raptor system. How does that work? Well, if you are lucky to be able to get it working, it's still pretty inconsistent. Some people say they have made money with it. But they are definitely in the minority.


Make sure to check out my complete unbiased forex raptor review at LearnForexDirectory.com

Forex Killer Review - Is There Money to Be Made?

By Jon Ferraro

Is there money to be made from the Forex Killer Trading system? That has to be the number one question people ask when they are researching this. or any other trading system, for that matter. It's getting harder and harder these days to tell what is a good quality product and what is the usual garbage you see people selling online.

As far as forex killer is concerned, if you are looking for some magical 1000 pips a day forex trading system, I will tell you right now, you are going to be disappointed. Frankly, you are going to be disappointed with any system for that matter because there is nothing available that will do that, especially on a consistent basis.

But if you are looking for a system that wins more than it loses and can get you those steady monthly pips that so many forex traders can't seem to get, then Forex Killer is not a bad option.

A good majority of the people that have purchased the system are happy with it. They are building their forex account nice and gradually.

There is one caveat to the Forex Killer System, though. And that is, that it shouldn't be taken straight out of the box and trade live. You have to demo it (of course) before you are ready to trade with real money. You have to see the system in action first, because there is some tweaking that has to be done to it, to give you the best odds of getting winning trades.


To see my complete forex killer review make sure to check out LearnForexDirectory.com

Why Forex Traders Are Looking For the Holy Grail in Trading?

By Jim Buhs

Wouldn't the wonderful world of trading just be so much simpler if somebody could create a holy grail indicator which tell you exactly when to enter the market and when to close? Life would be simpler wouldn't it? There would be no stress and all the hard work is done for you. Well, traders have been trying to accomplish this since the beginning of the markets. There have been countless indicators that have been created to try to accomplish this feat. None have been 100% successful.

So why is it that people keep trying to create these holy grail systems? It seems like more than ever all you see are these "black box systems" that are supposed to do all the trading decisions for you. A lot of it has to do with many trader's laziness. But the ironic thing is, if they spent as much time trying to find the holy grail as they would just trying to learn and understand the market, they would already be successful.

The major problem with these "holy grail" trading indicators are that they are using historical and lagging studies. These studies tell a trader what has already taken place. So in essence, traders are over crowding their minds and charts with all these indicator which neglect the basic market price movements that every trader should be aware of. These "after the fact" indicators cannot provide the same intuitiveness of the market as trading based on price action.

Technical indicators take too much of the "feel" away from traders. The moment traders realize this, the moment we'll start to hear less about the holy grail and "black box" trading indicators.


To finally learn how to trade price action without indicators, make sure to check out LearnForexDirectory.com to see all of my forex reviews.

A Program on Forex Trading I Highly Recommend

By Jason R. Lewis

I am going to bet an arm and a leg that you are reading this article because you are looking for more information on forex trading and the best ways to earn from it. I am also going to assume that this isn't the first article you've read about forex. I'm sure you've done your due diligence through your own google search. So by now you already know that:

- Forex trading involves buying and selling different currencies to make a profit;

- Forex trading is the worlds largest and the most liquid financial market - if you know how, when, and what to trade;

- Forex trading operates 24 hours a day (except weekends) at different locations around the globe.

It is a fact that a lot of people who traded in this financial market became successful and became very rich almost overnight. Forex trading hours starts Sunday afternoon NY time & concludes at Friday evening when NYSE closes its trading schedule. But it is impossible for any person to be awake for all instances of trades! Hence, trading systems that run on autopilot mode were developed to work 24x7.

One very good program on forex trading on the market today is the Forex Tracer. Forex Tracer is the latest automated trading robot released to the market & it specifically trades EUR/USD currency pair during the live market hours without the aid of human intervention & provides you with an opportunity to earn thousands of dollars every month .

So if you're lazy like me and would much rather pay someone to do something for you or find something to do it automatically this is the type of system you should be looking into. You don't have to sit in front of your PC monitoring the currency fluctuations since this system can work totally on its own. You can even go to office or school or involve yourself in day to day activities instead of sitting in front of your PC.

On an actual test run of Forex Tracer, I made a trade that was guaranteed to be a loss. The program did not exit yet, which was good so I could see how it will handle these kinds of situations. To my surprise, the next day my bad trade recovered and also managed to close with a profit of $180! I made a bad trade, walked away, and the next day am at a profit! A couple of days later, after the USA job report was released, I made $1,380! Now that's a good program on forex trading for you!

One great thing for newbie traders is that you can start with a "demo account". You can trade and practice all you want without having to shell out any actual money. This system has been devised irrespective of the trading knowledge of the user. Whether you are a complete novice or an intermediate trader or even an expert trader, this program on forex trading is surely to work in your favor. Your only obligation is to use this software, connect it with Metatrader4 account & enable the expert advisors there & allow it to trade on the live market data.

Finally, this product has a total money back guarantee , so if you are not satisfied with the purchase, you can request for a refund of your total money within 60 days of purchase. You can test the market before investing any money. Worst case scenario if within 59 days you don't like what you see, you get your money back. Best case scenario, you make $1000's of dollars doing little to no work. Absolutely no risk.


I'm an automotive enthusiast; my passion is all about cars and auto accessories. And to help finance this hobby, I do extremely well in forex trading and own several online businesses. You know, with the right set of tools and information, you can earn huge amounts of profit in forex trading.

If you want to read more about it, go to: http://reviewsummaries.com/category/forex-trading/

Forex Candlesticks - How Useful Are They?

By James Woolley

The Japanese invented candlestick charts a few hundred years ago and they have been used extensively by traders ever since. They are basically like bar charts except they provide a lot more information. So how useful are they when used to trade the forex markets?

Well first of all I would say that it's generally not a great idea to make trading decisions based solely on candlestick charts. Ideally you should also use other technical indicators as well in order to find high probability trading set-ups, before looking for additional confirmation from the candlestick charts. Some people do trade and make consistent profits by just trading forex candlesticks but they are definitely in the minority.

Before I discuss how you can interpret candlesticks let me first of all discuss what a candlestick actually is. In simple terms a candlestick is simply a visual display of how the price has moved during a particular time frame. It consists of a body which signifies the open and close price and two wicks which indicate the high and low point during that particular period. If it's a green candle, the closing price was higher than the open price and if it's red then the price moved down with the closing price ending up lower than the opening price.

This may sound fairly basic and you may well wonder how you can trade these candlesticks but there are a number of different patterns you need to learn because they can offer strong buy or sell signals.

For example, if you get several consecutive candles that all have very small bodies followed by a candle with a large body then you know that there is a strong chance of a breakout occurring either up or down depending on the colour of the bar.

Another strong candlestick pattern is the hanging man and hammer patterns. These are both strong indicators that a reversal is due to take place. They both look the same with a small body and a long hanging downside shadow. The only difference is that the hanging man is used to signify a reversal of an upwards trend and a hammer is found at the bottom of a downwards trend and indicates an upwards reversal. Used in conjunction with other indicators these are very strong signals that a reversal is imminent.

These are just a few patterns but there are many other candlestick patterns you should learn because you can gain some invaluable information from them, particularly when combined with other forms of technical analysis.


James Woolley runs a website which provides details about Forex Candlesticks Made Easy and other top selling forex products.

Tips For the Forex Trading Market

By Gottlieb Wendehals

One of the best ways of making money is the forex system. Forex, or foreign exchange, is the trading of currencies between countries to try to make a profit. There are several forex tip trading that a person can study up on before he or she starts exchanging money. Perhaps the most important of these tips is to practice, practice, and practice some more, especially if a forex demo account is used. Another forex tip trading is to follow a currency trend as well as looking at the larger picture. It is vital that a person keeps his or her cool while trading because not all trades will go the way he or she wants it to. Following these tips is the first step in making a lot of profit via the forex system.

The most important forex tip trading that a person must practice often. Getting a forex demo account is the best way to start practicing. These accounts allow a person to trade money without actually using real money. By getting a couple of years of practice using a demo account, people can go into the forex market and start making a lot of money. Practice makes perfect and this is definitely true in the forex market.

Following the currency trend is another important forex tip trading, especially if a particular trend is very profitable. A person should not just look at a short time span for trends but also at a longer time span. By noticing a specific trend going up and down, a person can pinpoint exactly what to sell and when. By doing this, he or she can maximize his or her profit without losing much, if any, money.

Perhaps the most important forex tip trading is on keeping cool, even when trades are not going well. If a person loses his or her temper because of a single bad trade, then he or she will not be able to think clearly. Thinking clearly means better management of trading, whereas a clogged mind will prevent a person from doing as well in the forex market. Trading calmly is the best way to trade.

Trading in the world forex market is a very risky thing to do, but the rewards are great. In order for a person to be successful, he or she must practice for a couple of years to build up experience and confidence. Following the trend of currency exchanges as well as looking at a larger time span will also help. Keeping a calm mind while trading is perhaps the most important forex tip trading of all, as it helps a person not lose money via emotional overreaction.


Gottlieb Wendehals owns and operates http://www.forex-futures-investing.com
Forex

Spot Currency Trading - Forex Video Tutorial Presentations

By Cornelia Gravoso

Forex or Foreign Exchange trading in the modern world has not only become a gigantic industry for cyber trade investors, but in addition, it is the biggest market across the world. It is a highly lucrative sphere to do trading, and huge corporations are not the only ones afforded the advantage, but many individuals can now take on the Forex market via the Internet.

Here are some reasons why FX is a suitable market to make trades.The Foreign Exchange market (Forex) is actually the largest financial market in the world. It actually turns over a volume of over 2 trillion U.S. dollars per day, in comparison to the New York Stock Exchange (NYSE) which usually turns over a volume of 25 billion dollars per day, this industry is so huge that it becomes a profit playground for numerous investors including central banks, large banks, multinational companies and even governments.

What is actually traded on the foreign exchange is money. It actually consists of the concurrent buying and selling of currencies, which are traded through brokers and are traded in currency pairs.

When you are buying currency, it is like you are investing on the economy of a specific country. For example, if you buy U.S. dollars then you are buying a part of the U.S. economy. Whatever the market thinks about the current vitality of a country's economy would directly be reflected in the price of its legal tender and this is how currencies fluctuate.

Originally the whole concept of trading in the Foreign Exchange was only intended for huge companies and banks, but not for normal citizens. After all, you could only take part in the trade if you have around ten to fifty million dollars minimum.

However, with the rise of globalization through the Internet, trading is now offered to retail traders. And these days, almost anyone can now invest on the foreign trade. All you really need to join is some small amount of money, a computer and a high-speed Internet connection, and you can sign up for an account with online Forex trading firms.

There is no exact physical office for Foreign Exchange unlike its counterpart in New York. However, the three main centers for this trade are United States, United Kingdom and Japan. These countries handle majority of Forex transactions and trades goes on for 24 hours everyday.

There are many advantages in doing Foreign Exchange trades online. In many ways, it proves to be a very practical arena, but the promises for huge profits are never compromised. There is no wonder why this market has become so popular and huge. And so, if you are interested in investing, with a little hard work and exposure, then the Forex market can surely be a good place to start investing.


Forex Video Tutorial has compiled a library of video presentations covering a myriad of topics including Currency Trading Made Easy, Forex Predictions, Rapid Forex, and Spot Currency Trading.

Forex Opportunity - How to Make the Best of It

By Albert Schmidt

Online and offline world is filled with hype about Forex. Every advertiser wants you to join Forex and bring your money to the market. Clearly brokers want you to start trading currencies because they make money on each of your transaction regardless if it is winning trade or loosing one. Also there is a tremendous amount of scam involved in Forex. These scammers are constantly looking for ways to take your hard earned money and give nothing in return.

So if you decided to become one of the Forex traders I can give you a few tips on haw to make the best of this opportunity.

1. Pick a reliable broker.

You will not believe how many scammers among brokers. Many of them are so called bucket shop firms. They place the orders in a bucket rather than transmitting it to the real market. This practice is based on fact that 95% of traders loose their money. So they pay the profit to the 5% winners and pocket the rest that people supposedly lost in the market. If you want to protect yourself from fraud, it is always a good idea to check if your broker is registered with the Commodity Futures Trading Commission (CFTC). In US broker should be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and a NFA member

2. Educate yourself.

If you decide to become a doctor you wouldn't start off performing a brain surgery would you? Yet so many people out there think that once they have an account open and they know some candlestick patterns and a few indicators they are ready to make a huge profit in the market. This is totally wrong attitude that will help you to empty your account before you even realize what happened. So get yourself a good training it may be free one or you may pay someone to get the training material. Internet is chock-full of free information on how to become consistently profitable trader. If you don't have time to sift through the information online then you may buy a paid training course, but do you due diligence first and buy a good one. Just to name a few: Peter Bain's and Rob Booker's courses are the good ones in my opinion.

3. Most importantly work on your belief system about trading.

In my opinion this is the most important factor that can make or break your trading career. If you believe you are making money in Forex by taking away from other traders you will have a hard time succeeding as a trader. I believe that by trading I am providing very important thing to the market, which is liquidity. The money I bring to the market is being invested into the economies of other countries worldwide. I get paid for taking the risk in those investments other people are not willing to take. I can assure you; once you have a belief like that deeply rooted into you consciousness it's unbelievably easier to become consistently profitable trader.

4. Work on your trading execution mindset.

This is the second most important thing after the belief system. The method I used to eliminate the emotional factor influencing my trading decision is simple. Pick a trading system the more mechanical it is the better. It should have a positive math expectation. Once you have the conditions of your system in the market you enter the trade. Once the price hits the stop-loss or take-profit level you are out of the trade. Now do not judge the outcome of any single trade. Wait until you executed at least 50 trades. At the end of this batch of trades see if it is profitable or not. If it is positive keep repeating those groups of 50 trades a few times. If not switch to another system that suits you best and have positive expectation. Once you run a few times this step I can guarantee you the emotions like greed, anger, agony and overexcitement will not interfere into your execution of a single trade. Most importantly you will find yourself consistently growing your account. It may be not a lot of growth but the keyword here is consistency. Becoming consistent is the hardest part I've ever accomplished in trading.


Albert Schmidt is a part time online currency trader. Do you want to know what system he has used to become a consistently successful trader? Read more about Forex opportunity system that he used.

Forex Trading Advice For Maximum Profits and Minimum Risk

By William Haroldson

Today you are going to learn some of the best forex trading advice that will help you send your profits through the roof, slash your losses and reduce your risk to a bare minimum. You are going to learn the single most valuable piece of currency trading advice that you will ever come across- how to use a forex trade system to give yourself a massive advantage over other traders and the marketplace itself. You can use a system to keep yourself one step ahead of your competition!

So what is my best piece of forex trading advice? Simple, you must, I repeat must, have a software based trading system to help carry out trades for you. Although some people may claim that these systems don't work, that is simply false. A computer program is far better at carrying out proper statistical analysis, as well as sticking to a pre-determined trading system without allowing emotion to interfere with the process. Where people start to loose big money on forex is when they allow emotion to come into their decision making process- with a computer program, there is no chance of that happening.

When looking for a good trade program, the best forex trading advice I can give you is to look for one that offers the following things-

1. Customer testimonials.

2. Video proof of profits/claims.

3. No human intervention in the trading system.

4. Free credit when you purchase the product so you can test that the system actually works (aka free demo trading accounts)

5. Stop loss and active risk management.

6. Easy set-up and installation.

7. Full money-back guarantee.

8. A price of less than $200

Once you have found a program that offers the above features you will be able to confident that it is a sound trading program that will deliver you the profits and results you desire. Don't settle for second best when involved in currency exchange- that may well be the most important piece of forex trading advice you will ever hear.


Discover what the best forex trading advice is in the world. Click on the link to learn about the best forex system that has generated almost $500,000 pure profit in just a few years from a tiny investment. It is fully electronically traded, with a proven track record that has generated real results for thousands of investors like you around the world. If you act now, you can get $500 free money to invest with, so you can test the system 100% risk free.

How to Make Money Trading the Forex Market

By V. Singh

Trading The Forex Market can be a lucrative way to make money if you have a firm understanding of what you are doing. The Foreign Exchange Currency Market also known as FOREX, is one of the largest financial markets in the World, and the great thing about it is that it is not heavily regulated or controlled by any major institution, in turn allowing the ordinary person to make money off the market if they are properly educated. The market operates 24 hours, 6 days a week and is extremely liquid so it is well suited to intraday and swing traders who are looking to make quick profits in a short timeframe.

If you are new to the world of Forex Trading, then it is absolutely mandatory that you go through the process of learning the basic concepts and ins and outs of the market before you dive in and risk your own money. The best way to do this would be to educate yourself on some simple concepts by visiting a site like Baby Pips and to practice the strategies you have learnt on a demo account (which most brokers offer) without risking your own money. This will help you build confidence and also give you a taste of how the actual market functions. Once you have educated yourself and are fairly comfortable trading on a demo account then you should be ready to trade on a Real Live account, however make sure you are absolutely ready and don't jump in too soon or you will be literally setting yourself up for disaster.

However the truth of the matter is that even after most new traders have educated themselves on how the Forex Market works, they still struggle to make money and eventually become part of the 90% of traders who lose money in the world of Forex. You see trading the Forex Market is not that simple, and to become profitable you must gain a competitive edge over the competition, and in order to do so you must be an expert or become one fast if you wish to succeed. Now becoming an expert in Forex is no easy task, you would have to create your own trading system and make sure it can bring in consistent profits; this can only be achieved with years of experience trading actual live markets, and in the mean time it can cost you a lot of money if you are not careful.

A smarter and more efficient way to make some money off the Forex Market would be to follow in the footsteps of the experts who have already figured out how the market works and developed their own profitable systems to trade the markets. These experts through their years of testing and experience in trading the markets have come with systems that are proven to generate consistent profits off the Forex Market in the long run, and the best part about them is that once they have been created they can be completely automated. The reason why Many new traders fail to make money in Forex is because they are overwhelmed by all the information available on the internet and don't know how to get started and which system to use. Therefore if someone has found a formula for success and all you have to do is replicate that formula in order to make money, I think it seems pretty logical to follow the formula and reap the benefits.

These Formulas or recipes for profitably trading the Forex market are commonly known as Expert Advisors and they are designed to completely automate your Forex Trading decisions. Most new traders suffer from natural human emotions such as Fear, greed, and inconsistency when trading the markets and do not make decisions based on strict analysis or stick to their trading plan (that is if they have one). Now with an Expert Advisor, it has a programmed strategy and trading plan, and it will stick to that plan no matter what the market conditions are like, the system will not get greedy when you have to take profits nor will it go out and place a trade simply to chase losses. The top commercially available expert advisors are regularly tested on live accounts and are traded with by the creators of the system, hence it is fairly easy for you to check out their results and actually see first hand if the systems are consistently profitable and make money in the Forex Market.

What you must understand is that to make big profits In Forex, all you need to do is have a simple robust trading system; have confidence in it and the discipline to follow it. You could come up with your own trading system, or to speed things up, you could get your hands on a decent Forex Expert Advisor. The choice is yours but either way you must remain consistent and disciplined in order to succeed, so put your head down begin learning the basics, keep your eyes on the prize and you will eventually be on your way to making some easy money off the Forex Market.


It is no secret that in order to succeed in the world of Forex Trading You must follow a good trading system and adhere to strict money management techniques. An Expert Advisor can seriously simplify the process and get you well on your way. If you wish to automate your Forex Trading Decisions by using a Forex Expert Advisor then check out this Collection of The best Expert Advisors available for Forex Trading.

Does Forex Autopilot System Work? - Learn the Truth & Make Money

By Tad Michaels

There is no question that the Foreign Exchange Market offers tremendous moneymaking opportunities. There is no denying the fact that there are a number of Forex trading systems and Forex trading robots that can help increase your profits exponentially. But you may have some questions about which trading system you should choose. One of those questions might just be, "Does Forex Autopilot system work?" After all, the Autopilot trading system is very popular and it is being used by an increasing number of investors. In particular, new traders find it very helpful, not to mention beneficial.

The Foreign Exchange Market - the Forex market, in other words - is open six days a week, for twenty for hours each day. The Autopilot system can trade that entire time. Furthermore, emotions do not come into play with this robot system. Unlike you, it does not have to take the risk of going on an instinct that might be wrong, no matter how right and strong it feels. Unlike you, worry and anxiety will not make it randomly jump out of trades. Over excitement and tension will not make it jump into trades without a good reason. Unlike you, it will not feel nervous or worried when it enters into any trade. That is because it is working with the benefit of complex algorithms. Based on what you know, a trade may look good to you, may look bad to you - but the Autopilot will know far more than that. You can even configure it so that it does not enter into any trade that does not have a percentage of success for a profit with which you are not comfortable. Furthermore, the system has access to data that will allow it to know exactly when to enter into a trade, and exactly when it will be more opportunistic to pull out of a trade.

So, does Forex Autopilot system work? Not only does it work wonderfully, it will even do so while you are sound asleep - or out with your family, or reading a book, or having breakfast in bed. With a 92 percent rate of successful trades, you can hardly afford not to take advantage of an opportunity like this.


Check out my site at http://www.forexsoftwarecustomerjournal.info/forexautopilot.php where I cut through the nonsense and talk about the best forex trading robots to put money in your pocket.

Forex Robots - If They're So Good Why Don't Serious Traders Use Them?

By Sonia Kristina

I have been a trader for 25 years and the forex robots sold online make me laugh. For 100 bucks or so, you are supposed to be able to generate an income for life. The reality is most will wipe you out and do it quickly, here's why...

The bulk of forex robots sold, place heavy emphasis on the fact they have a simulated track record that makes money, well if I have all the closes and can simply make up a track record, I would be very rich. Of course in the real world, you don't get this advantage.

Where is the Proof of Profitability?

So you have a tool that claims to make money but never has hardly inspires confidence does it and its offering you financial freedom for life for the price of a good night out, doesn't add up to me.

They don't Work Because...

The track records are not just track records though - there exceptional and beat many of the fund managers I know on hundreds of thousands or millions a year.

So why hasn't the bank sacked them all and put a robot in there place?

If you have understood what I have read so far you will understand why, they don't work in the hard, real world of trading.

There are some forex robots that work but there not the ones you see heavily advertised with hyped copy of guaranteed profits.

Get the Right Education and Win

Of course you can make money forex trading and a lot of money - but a cheap forex robot, with no evidence of success won't do it for you.

They all have vicious, confrontational names like there going to take on the market and win but they don't, they get smashed.

If you want to win at forex trading get the right forex education, be realistic and keep your feet on the ground.

No other investment gives you such huge profit potential for the effort you put in but you have to work to make money, just like you do in most areas of life.

Leave the forex robots to the dreamers and greedy traders and get the right forex education and get on the road to success.


NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf's, with 50 of pages of essential info and a RISK FREE Forex Trading Course visit our website at: http://www.learncurrencytradingonline.com

Forex Trading Signals - 6 Key Ways to Generate Your Own Buy Or Sell Signals

By Solomon Awotide

It is quite possible for any trader to generate his own Buy and Sell signals by just following a simple technique of combining two or more technical indicators from a technical analysis by following the TREND. As it is usually said in forex trading that the trend is your friend!

First of all you must understand the definition and working of each of the technical indicators you want to use, like ADX, Stochastic, MACD, RSI, Parabolic SAR, Momentum and Bollinger Bands. As a matter of fact you must do a lot of study and research and then come out with the technical indicators you are most comfortable with.

The combinations are as follows: (1) ADX with Stochastic; (2) MACD with RSI; (3) MACD with Parabolic SAR; (4) RSI with Momentum; (5) RSI, ADX with Parabolic SAR; and (6) Bollinger Bands with ADX.

1. ADX with Stochastic;

Signal to buy:

When either %K or %D falls below the line, and then again crosses the bottom level upwards or when the curve %K crosses the curve %D from below upward.

When DMI+ is higher than DMI-

Signal to sell:

When oscillator grows above the line, and then crosses the top level downwards or when the curve %K crosses a curve %D from top to downward.

When DMI+ is lower than DMI-.

2. MACD with RSI;

Signals to buy:

When the MACD rises above the Signal line & above Zero

When the RSI rises above 30

Signal to sell:

When the MACD falls below the Signal line & is below zero

When the RSI is below 70

3. MACD with Parabolic SAR;

Signal to buy:

When a MACD bar is over 0 level and rising, signal line below bars end and rising and SAR dots below price chart.

Signal to Sell:

When MACD bars is below 0 level and falling, signal line over bars end and falling and SAR dots over price.

4. RSI with Momentum;

Signal to buy:

RSI rises above 50 but stays below 70, and momentum rises above zero.

Signal to sell:

RSI falls below 50 but stays above 30, and momentum falls below zero

5. RSI, ADX with Parabolic SAR;

Signal to buy:

1- When RSI cross 30 level and rising up

2- SAR dots below the price chart

3- DMI+ over DMI-, ADX line cross 20 level, ADX and DMI+ rising and DMI- falling.

Exit when SAR dots make a cross with the price chart & ADX moving below 30 from above while above DMI+ and DMI-

Signal to sell:

1- When RSI cross 70 level & falling down

2- SAR dots over the price chart

3- ADX line cross 20 levels and rising where DMI+ falling and DMI- rising.

Exit when SAR dots make a cross with price chart & ADX moving below 30 from above

& above DMI+ and DMI-

6. Bollinger Bands with ADX.

Signal to buy:

When the price below the lower band of Bollinger (20, 2) & DMI+ cross over DMI-, ADX line cross 20 level, ADX and DMI+ rising and DMI- falling.

Signal to sell:

When the price above the upper band of Bollinger (20, 2) & ADX line cross 20 levels and rising where DMI+ falling and DMI- rising.

My own area of comfort is the combination of MACD with RSI to generate my buy and sell signals for intraday trading.

Happy Trading


Solomon Awotide

Information, and examples contained in this lesson are for illustration and educational purposes only. It should not be considered as advice or a recommendation to buy or sell any security or financial instrument. We do not and cannot offer investment advice.

To become a profitable trader, to learn more on Forex tutorials, visit our website at: http://www.letusgoforex.com

Forex Trading Signal Software - How to Harness the Help of Forex Robots

By Sean Bailey

So many people think that successful Forex trading is difficult to achieve. However, this is not really rocket science, especially with the help of Forex trading signal software. With this piece of software in your system, you can improve your chances of trading Forex successfully.

In the old days, there were actually Forex brokers and analysts who offered their expertise and services in distributing Forex trade signals to the traders in the market. They would do this for certain fees, and these were welcomed by the many traders. This is because Forex trading signals are indeed helpful for any trader to use when making apt trading decisions. At the time, these signals came in the form of alerts, which were distributed to the mobile phones, the pagers, and even the emails of interested Forex traders. Preprogrammed indicators were actually used to pinpoint spot trends that pave the way for Forex trade signals, and these were then sent to the clients of brokers via their medium of choice.

This was a good system while it lasted. However, you just cannot deny the fact that the accumulated expenses of the Forex trading signals distributed over time would be huge in amount. It did not take long for traders to see the advantage that comes with getting the software in place of the old method of getting trading signals. With the software, traders no longer need to pay recurring fees because the software can be purchased with just a one-time fee. This spells much savings for you in the long run.

Moreover, just like any other computer software, Forex trading signal applications are also upgraded over time. Software developers do want to produce high-end applications for their clients. Thus, upgrades are inevitable, and you can avail of these free of charge as well. All you have to do is install the updates onto your platform as they become available. What's more, these upgrades are developed regularly so you are sure to get the latest updates and developments that come with your software.

You should still practice caution when you are in the process of selecting the trading signal software to get for yourself. And when you do purchase the best Forex trading signal software that you can get, do not let it do all the work for you. You still need to develop essential skills to trade Forex successfully. After all, garnering profit from the Forex market does not come with just the use of software alone.


Nonetheless, if you are beginning forex trading, it is good idea to use a Forex Trading Signal Software to help make some profits while learning the ropes.

However not all softwares are equal. The best way to get started is to read Forex Robots reviews. For a list of reviews, CLICK HERE

Automated Forex Trading System - Most Forex Robots Suffer Losses Because There Curve Fitted

By Samuel Leslie Berkovits

Automated forex trading software is big business online and forex robots are the buzz product at present but most will wipe your equity out and do it quickly. Why? The answer lies in curve fitting...

When traders buy automated forex trading systems, they are presented with a track record and they think this track recorded will repeat for them but of course the track record is not real at all - it's a simulation going backwards with all the facts to hand.

Now if anyone knew the price in advance they would be a millionaire many times over but we don't. The vendors who make these robots curve fit the track record and this is why you will lose.

Constructing the Track Record

They get a segment of data and try and get there rules to work and keep bending and tweaking them, until they do. In Conclusion they make the system fit the data, now here comes the problem...

The Problem with Back Testing

Is no two segments of data ever repeat themselves EXACTLY Again and the system cannot be bent in the real world, so you get an equity wipeout. Any system that is bent to the data is likely to suffer this fate.

So that track record of 100k a year you see ( all for just a hundred dollars) has no chance of replicating itself for you.

Getting a Successful System

You can get some that are not curve fitted and normally the vendor will trade it for a while before selling it and show real results.

Some simulations can translate into real profits but there few and far between. Generally, if you are looking for a good one, look at the rules and the list below, will tell you if the system is curve fitted.

Here are indications of a curve fitted system.

- Lots of rules and parameters the more there are the more curve fitted its likely to be

- Different rules for different currencies

- Different rules for different market conditions

- Any subjective judgment you have to make on spotting set ups

A good forex trading system will be simple, robust and trade all markets and all market conditions with the same rules.

Use Common Sense!

Be realistic when choosing an automated trading system.

Don't fall for get rich quick forex robots that are heavily advertised, there normally curve fitted and will see you lose. Common sense says, you don't get an income for life for hundred dollars.

If you want a good system, look for one with a track record of real results or, if you want to try a simulation, keep in mind the checklist (we outlined earlier) when choosing one.

A FREE Forex Robot That Works

If you want a free one which is not curve fitted, we are huge fans of the 4 week rule which beats over 90% of the sold systems easily and its free. Check out our other articles for more information on it.

So if you are choosing an automated forex trading system remember - beware of curve fitting!


NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf's and more on the best FREE Forex Trading System and an exclusive risk free Currency trading Course visit our website.

Forex Factory Forex Predictions

By Rob R Carmichael

Are you looking for the best Forex Factory Forex Predictions as voted by the members of the Forex Factory?

If your not familiar with the Forex Factory, it's currently the most popular Forex Forum online today, giving you up to date news on just about anything Forex related.

One powerful thread where posters have delivered vast information on a daily basis is the Forex Predictions thread.

Forex Predictions are a tool every Forex Trader seeks to acquire when trading on various currency pairs. Being able to predict the market would obviously make the Forex game a darn sight lot easier.

Here, in the Forex Predictions thread users have posted their best and worst Forex prediction software available on the market right now.

Just to clarify what Forex prediction software can actually do - it simply trades within the margins you have input, being your stop loss and take profit margins - snatching pips and scalping trades on autopilot 24/7.

Forex Prediction software doesn't so much predict a currency pairs outcome, but it will allow you to conduct automated trading within tight margins. Here, prediction software will forecast the best rate at which to sell in order to accumulate the highest rate of return.

The Forex Factory is an excellent place to gauge real life traders feedback from various software packages and compare what works well for many traders and what doesn't.

Being able to master Forex Predictions, which for every trader would be gold - are now the hottest Forex software systems selling on the Forex market today.


To see my Review of the Top 5 Forex Factory Predictions Software Systems as voted by Forex Traders on the Forex Factory Forum please visit: Forex Predictions Reviews Today.

Forex Signals Responsible For the Movement of the Forex Market

By Mikel Freije

Forex signals are touted as a way to help the new traders get a better understanding of the market and how the market works. Thinking these signals will give them an advantage, many novice traders purchase them. FOREX signals can come at any hour. If you are sound asleep at 3:00am and a signal comes in, either you wake up and take the signal or miss out on a trade that may or may not have made you money. Forex signals can cost upwards of $100 / mth. The benefit of subscribing to such a service is that they analyze and crunch the data for you, saving you time and energy.

Forex signals are formed after analyzing several factors responsible for the movement of the market. The fundamental analysis as well as the technical analysis may be used to analyze the market conditions and several different indicators are used for identifying trends, entry and exit points, stop loss points, etc. Forex signals as crossing signals exist when two indicators cross on another or the forex signal price indicator crosses another price. This is an easy to see chart ?cross? that is prevalent.

Traders should select signals from sellers who give a free trial. Legitimate businesses are willing to allow you to test their information before buying it. Trade with our help and get more opportunities each and every day. Trader can acquire and improve trading skills. This Forex Training Software is an excellent tool for studying trading in a fast and convenient way, to gain and improve trading skills without risking real.

EUR/USD fell below 1.4700 while USD/CHF rose to as high as 1.1040. The absence of major US data today means that USD movements are likely to track US stocks, but since the dollar has embarked onto a possibly long-term uptrend, it should have little problem holding onto its gains from today. EUR/USD traded within a narrow band even as oil gained more than $4 on the day as the caught a bid off the daily lows. The 0.7% gain in inventories was less than half of the 1.7% gain in sales, which was the largest since December.

Foreign Currency trading is not suitable for everyone. This site is intended to be used for information purposes only and does not constitute investment advice. Foreign currency trading is done through the foreign currency exchange which is often referred to as Forex for short. The Forex market is where currency is bought and sold. Foreign exchange currency trading can involve high risk. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.


For more information on Foreign Currency Trading visit our site: All You Need to Know About Forex Signals.

The Importance of Using Forex Demo Trading When Starting in the Market

By Max Branner

Forex demo trading is unquestionably the best way to get started in the foreign exchange market. Whether or not you're convinced that forex trading is right for you, a demo program can be an incredibly useful tool at not only getting you prepped for real trades, but just as importantly at putting your mind at ease about the whole thing. It never ceases to amaze me when I hear story after story of how complete newbies to the forex world come in with no preparation or research, go with the first broker they come across and shell out one thousand or so dollars and lose it just as quickly as they start throwing it around, and after all of this can ask what went wrong.

There are no get rich quick schemes and the foreign exchanges market is certainly no exception to this rule. In this world, however, there is a smart way to do things. There are safety nets and short cuts that can be taken. In tying in with the idea of a demo account, using automated forex software can be a great, all encompassing way to get started. These are programs which help predict and analyze trends for you and trade automatically for you so that you can make more accurate and therefore profitable trades, not to mention that eliminate a great deal of error and drastically reduce your risk. The best programs come with complimentary demo accounts in which you can invest with virtual money and learn the program and market all at the same time, giving you a substantial jump ahead of your competition. In a demo account you can dive right in and make all the mistakes you want, many people learn faster this way.


If you're serious about earning some reliable and guaranteed extra income each month, check out our reviews of the top automated forex traders on the market at http://www.forexautotradingreviewed.com and begin to carve out your path to financial independence today.

Read This If You Are at All Interested in the Foreign Exchange Market

By Max Branner

Let's be honest, yes the forex market is arguably somewhat more relaxed than its little brother the stock exchange. The time constraints are definitely more flexible, you can trade at practically any hour of any day on a relatively and comparatively small number of markets. With the advantages of the forex over the traditional stock exchange come its share of challenges, or opportunities depending on how you see them, as well. Being able to trade in multiple markets means that you need to be able to stay on top of them at all hours of the day and night.

For this and more reasons you might think about investing in some sort of forex automated trading software. They stay on top of your market in your stead and use complex algorithms to trade accordingly for you without your having to be present. Another plus is they help eliminate the risk and guesswork typically involved in trading as they analyze the market's trends and fluctuations and can make completely informed decisions based on this valuable information. Therefore, if one currency takes a horribly unexpected drop at 3 in the morning while you're fast asleep, your automated trading software will sell accordingly at first sign of this.

If you're new to the foreign exchange market altogether, you'll definitely be interested in the demo account which comes complimentary with the majority of the forex automated trading software on the market today. With a demo account you have the luxury of trading with as little or as much virtual capital as you wish until you get a handle on the ins and outs of buying and selling and begin to see those virtual pips rolling in. In addition, you can get to know and accustomed to your automated program's interface during this time so when you're ready to start trading with the real players and your real money, you'll have a substantial advantage over the average trader with a fraction of the stress while knowing you're in good hands.


If you're serious about earning some reliable and guaranteed extra income each month, check out our reviews of the top forex automated trading software on the market at http://www.forexautotradingreviewed.com - and begin to carve out your path to financial independence today.

Advantages of Having an Auto Forex Campaign

By Max Branner

Using automated software to run an auto forex campaign can be a major time and effort saver whether you're first starting out in the foreign exchange market or even if you're a more seasoned trader who has made and lost thousands and just looking for a little more security and guarantee in your trading. Plus, automated software it puts your mind at ease at knowing that you don't have to stay on top of the market 24/7 to make profitable trades when the time is right.

Let's say you live in the US and want to trade in an international market which doesn't open until say 2 am your time. Well if you're at all like me and have any kind of life, you simply can't afford to be awake at all hours of the night to accommodate other time zones. It's also selfish and more importantly unrealistic to think that anything can or will revolve around your schedule - some of the best opportunities to buy or sell will happen at 2 am and you've got be able to act quickly with split second decisions, something you can only do with an auto forex campaign. With automated trading software you can have peace of mind at knowing you won't miss out on a great trade due to circumstances beyond your control as you never know what will come up for you and when it will happen.

To expand on the point of split second decisions, some of the automated trading programs out there are incredibly accurate. They are designed using complex algorithms, typically by successful and notable forex traders looking to capitalize further on their knowledge of the market, to eliminate the guesswork and more importantly the human error. This is a large reason as to why these programs are so popular is because they allow you to trade without nearly as much concern.


If you want to know more about the most accurate and top automated forex products and how to get started with your own auto forex campaign, visit http://www.forexautotradingreviewed.com to read detailed reviews of the top products on the market today.

Forex Trading - 95% of Traders Lose to Enter the Elite 5% - You Must Understand the Enclosed

By Kelly Price

Today, you would think from all the information you see online that forex trading is easy but of course its not and you wouldn't expect it to be, with the rewards on offer. 95% of traders lose, so what do you need to do to get in the elite 5% of winners?

First forget all the sure fire systems and forex robots sold they normally are not sold by traders but by marketing companies. They normally come with simulated track records that are made up knowing the past data! So don't fall for them.

If you want to succeed in forex trading you need the following:

A simple forex method You Understand and the mindset to apply it with discipline.

The unique challenge of forex trading is not learning a trading method - but getting your mindset right, to apply it with discipline - this causes traders huge problems.

Why?

Because you are going to have to trade through losing periods, sure you can win long term but you must keep going in a losing period until you hit a home run and this is NOT easy. Your emotions will be telling you to quit and deviate but if you do that, you don't have a system.

To get discipline, you need confidence and this only comes from knowledge and understanding. That's why you have to learn from the ground up and rely on yourself.

The good news for the budding forex trader is:

- Anyone can learn it and you don't need a college education

- Simple systems are best as they robust with fewer elements to break

- You don't need to work hard, just smart and getting a robust forex trading strategy together should only take a couple of weeks

- You can trade for huge gains in just 30 minutes a day

No other venture rewards you so highly for your effort and you can create a great second income or even life changing one - but you need to do the basics and accept responsibility.

If you have a burning desire to succeed, your half way there to success.

All you need is the right education and the confidence in it to trade it with discipline and you're all set to enter the exciting and lucrative world of global forex trading.


NEW! 2 X FREE ESSENTIAL TRADER PDFS
ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf's, with 50 of pages of essential info and a RISK FREE Forex Trading Course visit our website at: http://www.learncurrencytradingonline.com

FOREX Tracer - The Principle That Makes it Tick

By Johnson Davenport

Who doesn't want to make money off the foreign exchange market? Everyone does. But most people do not know how to use the system effectively. Anyway, FOREX trading is a bit of a gamble. You must know when to invest and when to trade with a fair degree of precision to make any money out of this market. Those who don't know the system lose money drastically.

FOREX Tracer is a software system that claims to automatically do your FOREX trading for you with accurate precision. You will earn in five figures a month if you do everything correctly. The software claims to give luck a backseat as it starts rolling the FOREX cash registers for you. It is indeed worthwhile to understand how this system works.

As already mentioned, the FOREX Tracer application is an automatic FOREX trading system. You will have to download and install the software and then set it up on your MT4 trading platform. The automatic robot within the program will become apparent to you at this stage. Then all you have to do is to select the robot and drag it to the relevant currency screens that you want to trade in. The robot will begin its work with just this much, and your intervention with the program will now become minimal.

When the robot has been set up to the desired currency trading panel, it will begin monitoring the market transactions as they occur within that zone. The program is highly mathematically engineered, so each and every transaction is noted by the robot and the patterns are studied. When the robot sees an opportunity for making a profit coming in, it will quickly jump into action by opening the trade there and then closing it immediately. This is it - you have made a profit without actively doing anything.

You have to bear in mind here that the FOREX Tracer does not work on any haphazard random logic of its own. It is driven by systematic algorithms which decide whether the transactions are good moneymaking propositions and how to analyze such trends for future purposes too. Hence, each time the FOREX Tracer robot performs, it is a lesson for it for the next time.

This is principle behind the FOREX Trader - pattern analysis according to an inbuilt mathematical logic. This is difficult for the human brain to understand, but experts have already incorporated this visionary intelligence into this software application so that users can keep making profit out of it even when they sleep.


Want to know more about how you can make amazing sums of money with FOREX Tracer Click on http://www.forextracerreview.org to get more information on it.

How to Start Trading Forex

By Jason Fielder

There are a lot of early steps that every Forex trader has to take before getting started in successfully trading the Forex markets. The first and most obvious step is to actually open a Forex account so you have access to the market.

This is necessary so you can determine which Forex software and which online Forex platform you prefer, which are necessary to even open a "play money" or free trading account (always recommended for the beginner Forex trader as this lets you use real market information to test out your trading strategies without risking any real money).

The good news is that opening a Forex account is not difficult. In a way, there are only three basic steps to opening up an online Forex trading account:

1. Select an account type

2. Register your account

3. Activate your account

If these three steps don't immediately bring a lot of clarity, don't worry, I'm about to go through them one by one to make this process as easy and painless as possible.

Select an Account Type

There are different types of Forex accounts and different ways of opening them. These accounts can be opened either in your name, or the name of your business. You will be given choices between standard accounts or micro/mini accounts.

Occasionally you might even see the offer of a managed account. Figure out which account type fits your needs and select that one.

Depending on the Forex trading platform that you have chosen to do your trading with, the registration instructions will follow and guide you through step by step. As this is occurring, you will eventually be shown a page of the Broker's policies, which brings us to step two:

Read the Broker's Policies

I can't stress this enough. Don't just gloss over it, but pay particular attention to the fine print. You may sign a contract to a broker with policies you don't want to follow.

Different brokers have different rules, so it is particularly important to make sure you're getting a deal you can live with.

Once you've read and agreed to the policies, you can register. Once that's done, you can create a username and password for your account. Right there you're activated.

While it's not necessary to practice first, I always strongly recommend using a practice account until you get used to the tools and start consistently making profits in practice. Then you'll be able to trade the real money with confidence.


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

Forex Day Trading - Why You Should Not Try This

By Jason Fielder

You're staying at the beach house working in your office, calm and collected as you collect the profit from yet another successful day trade is debited to your account.

Your kids rush in and you take a break and head outside to play in the sand since you just made another small and easy fortune while those suckers at the office are working harder for less. It's a nice picture isn't it?

If this imaginary scenario sounds familiar, it's because there are probably half a dozen commercials on the television at all times of the day showing scenes like this to encourage people to get into day trading the Forex market, usually through signing up with a certain company or buying an expensive tutorial that is supposed to make beating the Forex market as easy as getting out of bed in the morning and turning on the computer.

So in danger of making myself unpopular, here's the stark truth of the matter: most traders should not try day trading. Day trading the Forex might be trendy, but it's not nearly as easy or profitable as these advertisements would like you to believe.

Day trading is an advanced form of currency trading, and often involves many shorter term trades. In fact, many Forex traders argue that turning a profit on day trading is one of the most difficult things to do in the Forex market.

There are literally hundreds of stories out there of smart, educated, sophisticated traders who went to day trading and proceeded to lose a fortune.

In my opinion, most traders would be better served learning to trade on the longer term trends that the Forex market has to offer. Not only does this allow you more data and time to analyze the developing trends in the market, but there is a lot more money to be made by being on the right side of a huge market breakthrough than by being right on even dozens of day trades.

If you're good enough to make money day trading, why wouldn't you learn to trade the parts of the Forex that offer bigger profits and less risk (although let me note, there is always major risk in trading Forex)?

While some traders will undoubtedly want to day trade, for most traders the real chance at making a living at the Forex revolves around the long term trades.

Learn to trade long term. That's where the money is, and that can help you to avoid many of the scams and heartbreak that's out there.


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

The Differences in Forex Trading Styles

By Dino Dinero

Forex trading is becoming more and more popular. More people are starting to trade in the forex market every day. One of the reasons for the gain in popularity, is the way that the internet has made forex trading convenient and accessible, with forex trading sites popping up all over the web.

Forex trading is the buying and selling of foreign currencies. Many see it as an alternative to stocks and mutual funds, since currencies are much more liquid than stocks. Companies that deal in forex trading for their investments, by buying foreign currencies will have those currencies available if they decide to expand into foreign markets. Another advantage that forex has over stocks is that the trading window is much larger. Stocks are bought and sold only when the stock market is open. Forex may be traded 24 hours a day, Monday through Friday.

The forex market offers different types of forex trading. These different types of trading may seem very similar to each other, but they are in fact different. Each type of trading has its advantages and disadvantages. If you plan on entering the forex market, you should know the differences.

Traditional forex trading one of the common methods. Traditional trading involves buying a currency at a low rate, and then either selling it for a higher price, or exchanging it for another currency when the exchange rates rise.

Spread betting is probably the most common type of trading, even though it differs from the way that forex trading is normally done. It does not involve buying or selling currencies as in the traditional method. Spread betting involves betting on whether a currency will appreciate or depreciate. Despite the image of gambling, many people feel that this method is a good way to earn money in forex market.

Day trading is a notorious type of forex trading. Similar to day trading in the stock market, this method involves buying and selling currencies for one day, rather than holding on to them and waiting for them to appreciate in value. This type of trading can be risky, but can also yield some good results. Because of the risk, however, many experts do not get involved in this style of trading.

Auto trading is an automatic trading system, as you may probably guess from the name. With this method, an investor will invest in a platform that will automatically execute trades depending on its analysis. In this style of trading, the investor can save money since there are no commission and transaction fees. Some people, though, are not comfortable letting a computer handle the trading. They are more comfortable doing the trading themselves.

As with any investment, there is some risk. If you know what you're doing, however, there are much lower risks in forex trading than investing in the stock market. Before you get involved in trading currencies, read up on the market. Know how the trading is done, and what signals to watch for. Knowing forex trading, and knowing the signals will help to minimize the risks of investing.


Be sure to visit Learning Forex Trading to learn more tips and advice for success in the forex market.

Forex Brokers - No Extra Fee?

By Danielle Franklin

Forex world is full of competition, whether it is between currencies, forex traders or forex brokers. Today there are many brokers available online and most of them scream "No Fees, No Extra Charges" on their websites, banners or reviews. It is an amazing, but rather exotic offer. Trading without any strings attached would have been bliss, however in reality nothing comes for free, especially not in the investing markets. So what is really going on when it comes to forex broker's charges?

Forex brokers are getting rewarded for their services in 3 ways:

  • fixed spreads

  • variable spread

  • commission based on a percentage of the spread


The spread is the difference between the two prices: the bid price (the rate at which you can sell the currency) and the ask price (the rate at which you can buy the currency).

Fixed spreads sound like a very attractive offer. We all hate dealing with any kind of changes and we like to see fixed prices (especially when we buy something regularly!). The acceptable bid/ask spread for major currency pairs such as EUR/USD is 3 pips, but it is possible to find a lower option.However, in forex market fixed spreads might be less profitable. After all, it is a volatile market and you better get used to changes!

In the case of a variable spread, you can see spreads might go as low as 1.5 pips or as high as 7 pips. It all depends on the currency pair you have selected and the market volatility.

Then we have forex brokers that take commissions for each trade. This is done because your order goes to a large market maker with whom your forex broker has a partnership. In this case you get the lowest spread available in the market.

Apart from spreads and commissions, forex traders are usually charged for rollover. Rollover fee is charged by a forex broker in order to continue your order over the end of a trading day into the start of the next day.

Come to think of it, almost any "special service" provided by forex brokers will cost money. You are most likely be charged for statements, order cancellation, account transfer or telephone order. Let's not forget the bank-related fees. Whether it is a withdrawal, deposit or a returned check, you might be subject to an extra charge.

I have also come across forex brokers that charge a monthly account maintenance fee whenever the account is inactive for more than 3 months.

Another forex brokers charge a so-called ticket fee threshold. If you trade less than minimum amount required, a fee is added to cover the administration costs.

To summarize, when it comes to forex brokers, make your choice wisely and slowly, pay attention to the smallest details in the trading policy and go over the spreads for major currencies (it is usually listed on the site and is subject to change without prior notice!) And keep in mind that there is always something to pay for. In my opinion, there is no such thing as "No Fees, No Extra Charges". After all, forex brokers always earn a spread!


Check out more forex articles, tutorials and forex brokers reviews at http://www.forexexplore.com

Forex Online Trading Systems - How to Use and Test a System

By Cory Sanders

Forex is perhaps the most profitable type of investing in the world. This shows because trillions of dollars are traded daily by millions of traders. Forex is not easy, but if you have some basic education and one of the forex online trading systems I am going to tell you about; anyone can succeed.

The forex online trading systems that I want to tell you about are called expert advisors. Expert advisors are also called forex trading software by some people.

Here is how an expert advisor works...

An expert advisor is a piece of software that can be installed on your trading platform in about 5 minutes. Once it is installed and you activate it, the advisor takes over completely.

The advisor does analysis, consults charts, makes trades that look the most profitable, and then closes the trades when the profit is most secure.

An amazing fact about expert advisors is that they have been outperforming human traders for years! This is not a new concept, of course. Computers have been replacing humans more and more recently.

On my website, which is linked to below, I offer a free email course on forex trading with expert advisors and how to do it properly. Also, I review what I believe to be the top product on the forex market. I have used it personally so I know what I am talking about.

An expert advisor is one of the best forex online trading systems. It works on a free Metatrader 4 trading platform, and can be tried out on a demo account for totally free. Plus, an expert advisor will have a 60 day guarantee, so if you don't like it you can just get your money back.


Learn how anyone can make money with Forex Trading Software and get my free report on forex trading profits.

My website, http://forex-tradingsoftware.blogspot.com/2008/08/forex-tracer-review-our-1-choice-for.html explores the basics of foreign exchange trading and how lucrative it can really be.

Automated Forex Trading - Three Facts of Automated Forex You Must Consider

By Adrian Pablo

There are many Forex trading systems out there with a number of characteristics that make them special and suited for specific trading needs depending on what the forex trader wants and what he is willing to learn. But among these different systems those called "automated forex trading systems" are the ones that more highly attract the interest of many traders, new or experienced, due to their capability of making the trader's life easier and taking the psychological burden that every speculative activity carries in itself off the shoulders of those who learn and understand how an "automatic forex trading system" works.

It is the goal of every trader to make money from the Forex market, this is to be a profitable trader; and by using an automated trading system it can be done with a shorter learning curve than if a regular system was used for this purpose. But before you consider an "automated system" there are some things to consider, for example:

1. Check twice so you are sure that the system you will be buying offers a reliable customer service support. This way you won't find yourself all alone if times come when your trading with the system gets tough or you need help with some detail of its functioning.

2. Stick to the money management strategies that the system you got indicates you. It's overly important that you follow good money management strategies in order to be always in the money in the trading world; even more if your trading systems has it built in itself.

3. Once you have bought your new system take the time to understand how it functions, not all "automatic forex trading systems" are the same. Read the guidelines included and even ask all you must to the author or authors before you trade with real money. As always it's a good idea to start paper trading before you use real money. This way you will gain the needed confidence in the use of the new system and the odds of you being a profitable trader will grow pretty high.


You can at last be profitable Trading FOREX. Read more information and have access to the Forex Auto Pilot System in my blog. Test it Risk Free:

http://forex-trading-11.blogspot.com

A Forex Trading Robot is Born As a Response to the Old Quest For the Trading Robot.

By Adrian Pablo

Forex trading (along with the quest for the forex trading robot) has been increasing its popularity in recent years due to its great qualities as one of the leading capital markets in the world. You can trade forex almost any day of the week, it can be day or night, thanks to the worldwide location of this market that makes the overlapping of trading sessions unavoidable hence giving the forex trader a huge flexibility in his trading schedule.

But even with this flexibility being a characteristic of the Forex market, soon after you start your trading career you will learn that great trades are not happening whenever you want, but you must be chasing for them. In other words being a Forex trader is similar of becoming a "profitable trades hunter". You must be paying attention to what is developing in you trading station, this means that the most time you can afford in front of your trading station the highest the probability that you won´t lose the profitable trade or trades of the day.

But the reality is that not everyone is capable or has the time to stay in front of their computers the whole day or at least a good part of his day. Considering this fact it will always be a dream come true for the forex trader the discovery of the existence and availability of a mechanical system capable of tracking the forex market during the time periods he can´t be at his trading station.

A Forex trading robot like the Forex Autopilot System can analyze the market with a great detail giving you an unfair advantage over other traders and this way placing the odds in your favor. In short monitoring high amounts of trades during overlapping market hours becomes as easy as following a previously set of steps without worrying that you may not have the time to revise the market at a given precise time.


You can read more information and have access to Forex Auto Pilot System in my blog:

=>> http://forex-trading-11.blogspot.com

Best Forex Software Trading to Help You Make $7,000 Plus Weekly

By Richard Tyrell

Very many types of Best Forex Software Trading exist and your option is to select the very best. Numerous and varied types of strategies are on offer.

Fundamentally your trading strategy consists of sets of rules that, if followed correctly will ensure success. A good money management plan and clearly defined entry and exit rules are included in a good strategy. With the best available Forex Trader Software to help you the rules can be easily put in place and the robotics will look after all the necessary trading decisions without any stress or strain on you.

The use of such a robotic trading system is a must for me. Without it I would be unable to build a successful strategy which when implemented by the automated software guarantees success. In effect the hard work of making decisions about entry and exit to and from trades is taken out of my hands. When I have the freedom to design my own strategy my software accepts the entry and exit parameters and places stop loss parameters as well. In this way your automated trading software will help you to make in excess of $7000 per week.

The less complicated your Best Forex Software Trading Strategy the better - remember is much easier to implement and your success will build your confidence.

A beginner would be well advised to look carefully at these suggestions.

1. Be very selective in choosing a very good trading platform. By putting your hand in your pocket to purchase such software you will be committing yourself to learning all about Forex trading.

2. Leave no stone unturned to find out everything you can about Forex signals and strategies - these are the fundamental basic essentials for success

3. When you purchase your software be sure to use the demo mode for a couple of weeks so that you get plenty of experience before dipping your toe in the water with small money.

4. Have confidence in your own ability and trust your Best Forex Software Trading


Procrastination is the thief of time. Click on http://www.forexaut.info now and get started.

Richard Tyrell is a full time Forex trader who makes in excess of $7,000 per week. See http://www.forexaut.info for more.

Thinking About Trading Forex? Here Are a Few Tips on How to Choose the Best Forex Trading Platform

By Paul J Donald

When you begin your search for a suitable Forex trading platform you will likely be overwhelmed at the variety of available choices. So, use the tips outlined below to enable you to make the best possible choice for your financial needs.

Does the Forex trading platform offer real time quotes?

Forex trading is a market that is open 24 hours per day, 5 days per week. And, as it is open to international investors and to a market that is always open somewhere, it is important to have access to real time information when making trading decisions. Real time quotes allow traders to access vital information at any time throughout the trading day, giving them the information that they need to execute their trades. So, when selecting a Forex trading platform make sure that their system will offer you this information.

Is the Forex trading platform easy to use?

Even for experienced Forex traders, it is important to have access to a system that is simple and easy to use. For beginners, there is so much information to learn, so choose a broker that offers a software system that takes days or hours to learn, not weeks or months. And, choose a Forex trading platform that offers online courses on how to use their system.

Does the Forex trading platform offer training and support?

While you may not need support very often, you will want to inquire as to the training and support offered by the trading platform Who will you have access to when you have a question and during what hours? What support does the company offer in the event that their online system is not operational to execute currency trades?

What costs are involved to utilize the Forex trading platform?

Each Forex trading platform will charge different fees for their account services, trading costs and for their resources. When selecting the best option for your financial needs, compare any and all costs between companies prior to making your selection, keeping in mind that the platform with the lowest cost is not necessarily the best option for your needs.

As you search for the best Forex trading platform use the previous tips to compare multiple options before making your final selection. In addition, be sure to research online for client reviews and feedback. And, most importantly, use your instinct to aid you in your final selection.


Paul Mac Donald has been making a living off forex trading for some time now, more information, articles, guides and software can be found at his site:

http://www.stocktradingforex.com or you can twitter him at http://www.twitter.com/forexscalper

 

GooContents | Jump to TOP