Forex Auto Trader - The How, What and When

By Steve Comet

Foreign exchange is one of the most invested business industries ever to have occurred in human life. An investor or private individual can instantly earn thousands of dollars through exchanging foreign currencies based on the movement of the value or Forex rate. A non-stop money-making business, you basically trade foreign currencies via your broker while monitoring the trade levels of each currency you are interested in trading. The markets' conditions change every now and then so the investor has to strategize and think through on what trades he or she can make to earn more profit everyday. These changes usually happen due to real-time events in the particular country. With 24-hour access to the Forex markets and the promise of enormous amounts of profits, the foreign exchange business is an interesting investment to look into.

Investing does take up a lot of time and no one wants to spend their entire life waiting, monitoring, calculating, and trading. This is where Forex auto trading comes in. Basically Forex Auto Trading is the process of using a program or software called a forex autotrader that allows you to trade in the foreign exchange markets 24 hours a day without having to do anything at all. These auto forex robots calculate indications of trading opportunities and automatically trade foreign currencies or send orders to your chosen broker's server to adjust trailing stops and to take down trading levels for future preference. A forex autotrader runs with whatever algorithm set the creators of the program have imprinted and it trades foreign currencies online for you 24 hours a day with unlimited access to the foreign exchange market. Instead of participating manually in the Forex market, you can sit back and relax while the cash flows in 24 hours a day non-stop. Of course, the more updated your forex autotrader program is the more chances that you will be able to score a trading opportunity since it is updated with the latest developments and changes in the foreign exchange market. So as much as possible, if you want to use a forex autotrader, download the latest and most popularly used autotrader by other investors to be able to get fulfilling results.

There are a lot of advantages when using Forex autotraders that have convinced a lot of Forex investors to download their own software to their computers. These tools are cost effective, usually more or less US $100, compared to hiring a Forex specialist or professional to counsel and advise personally. It would only take a few minutes to set up the process and learn how the program works, so you can start trading and investing in an instant. There are a lot of autotrader creators claiming their products are top of the line and the most updated version, so it is important that you choose wisely which ones are the most reliable before actually performing Forex transactions through your chosen software. A good forex autotrader is the Forex Tracer, which appeals to the user with the updated version and its really easy set up process which a lot of other autotraders lack in.

Steve Comet, a pseudonym, is a group of experienced forex traders. Our team has reviewed all the different forex autotraders that exist, and found out the ones with make money. Check out our forex autotrader reviews

Forex Tracer Review - Just Another Hyped Up Product?

By Sean Bailey

The Forex Tracer is one of the popular Forex trading platforms that you can find in the trade right now. But you should not get this piece of software just because many traders prefer to use this. The wise thing to do is to check out a Forex Tracer review so that you can see for yourself if this does have the features that you need as a trader.

One great thing about this software is that you do not really have to be the expert trader to use it. Of course, it would help to have as much background on Forex trading before you do start using the software. Still, it is nice to know that this is not a requirement of sorts at all. This is because the software has an autopilot interface that can help you operate it the way you should. All that is really needed here is a reliable Internet connection. By reliable, this means your connection has to be fast and strong, so you have to aim for DSL or broadband here, and not just your typical dial-up. If you do not have any plans of going broadband, then better skip getting the software. You would not be able to work the software to its optimum level if you plan to use just dial-up.

Another great thing about Forex Tracer is that this was developed by mathematicians who specialize in complicated algorithms. Though not much information is really out there about the developers of Forex Tracer, you can rest assured that this was indeed developed by competent people. This pretty much explains why the platform has a lot of impressive and equally useful features.

Forex Tracer was even tested, and this test period was quite long. During the test period, the application underwent so many changes to incorporate a stronger and more secure platform for Forex trading. All possible market conditions were also simulated during the test period. The application did quite well during its test run, earning roughly between 25,000 to 330,000 in US dollars. It even garnered an average consecutive winning trades of 19. And this was during the test run!

Forex Tracer also provides a demo account, which is very useful for the beginners in the trade. With your demo account, you can start trading without having to worry about losing any money. This is one great thing that any Forex Tracer review would never fail to mention.

So does Forex Tracer live up to its name? Well, it is definitely a good forex software but the Best Forex Software is what works the best for you by meeting your individual trade needs. Keep in mind that there are still risks involved. This is the real forex trading market and losses are real. If you are not sure if this is the right software for you, the best way is to read up on a comprehensive Forex Tracer Review so that you can make a sound judgment before using it.

3 Tips on How to Trade Forex

By Sean Bailey

For the reason that there are so many successful Forex traders in the market, a lot of people make the assumption that Forex trading is easy. This is not true at all because Forex trading does have its share of complexities, though this does not mean you should view it as rocket science either. This just means that for one to become a successful Forex trader, it pays to know the basics on how to trade Forex. Trading Forex successfully is just not possible if you do not know the basics. To help you along, you might want to keep the following tips in mind.

Be realistic when trading.

When you are trading Forex, you have to understand that losses are not avoidable. In fact, there will surely come a time when you would incur losses, even sooner than later. This is something that you just cannot change. The only thing that you can do is stand up, accept the loss, and get back on that horse. Losses are not out of the ordinary when it comes to trading Forex so you really do not have to feel too bad about yourself. Also, however tempting it would be to stay in hopes of seeing the trade that you just made "bounce back" in the end, do not do this at all. You will just end up wasting money, not to mention your time as well.

Knowledge is power.

The main problem that novice Forex traders share is that they assume they do not really need to know that much about the Forex market before they start trading live. This is not true at all. Just like any other endeavor in life, you still have to learn the basics of the market so that you can master Forex trading as soon as possible. The market, after all, is very volatile so facing it with your guns prepared will do you a lot of help.

Overcautious trading should be avoided.

Risks will always be part of Forex trading. Most Forex traders would raise an eyebrow at the prospect of investing huge amounts of money because they worry they might just lose out in the end. However, if you stick to being overcautious, then there will never be room for growth. You have to take the plunge at one point or another. This is precisely why you should prepare yourself with knowledge about the market in the first place.

These guidelines can help you in your quest to learn how to trade Forex. With these guidelines, you are surely on your way to becoming a successful trader in the industry.

If you are starting to learn how to trade forex, it is a good idea to use Forex Robots to help make some profits while learning the ropes. These automated forex software can make your trades easier and reduce the risk of losing money.

How to Trade Forex - Technical Analysis Advice

By Roman Sadowski

You have traded in the Forex exchange market for quite a while now. You have read hundreds of Forex guides and ebooks or Forex trading advice widely available on the internet. Those gave you basic knowledge about forex. Now you know the terminology, rules, currency movement trends and the other factors influencing the Forex market.

There is a lot to take at once. But let me tell you something here, Forex is something people continue to learn throughout their lives and still there is something left. You have probably wondered many times before which tactic to take. Will I rely on technical analysis? Should I look at the bigger picture and consider all economic conditions? Will I trade news for quick profits or maybe invest long term. I believe you went through many demo trading accounts to try them out.

If you picked up your strategy and you decided to go and trade technical chart analysis here is so much else left to consider. At this stage your knowledge should include terminology such as: support, resistance and chart names. You should know about moving averages, Bollinger band, Fibonacci or Elliot wave theory and Pivot points. Now all you have to do is apply all the above rules to your chart and happy pips. Well it is not as easy as it seems to be! There is one piece of advice that we would like to give you.

Not all the rules apply to all the currencies. That is right. If you have had enough experience and spent thousands of hours watching charts moving you have probably noticed that almost every single combination of currencies have their own flings and this makes them difficult to predict. Not all pairs would create head and shoulders, double top or bottom to signal the potential major movement. Some of them will but that may mean nothing. Another combination would not necessarily bounce back from 55 or 200 hours moving average or follow pivot points. Others will not create hammers to indicate diversion. All above rules would apply to successful technical analysis trading.

We strongly advise you to do your homework and research. Before you select certain rules for certain pairs make sure that there is a pattern to follow. Adjust moving averages, play with a few values and backtrack to see where there is a rule that you could use in a future forex trade.

There are many examples to learn from. If you study eurjpy and euraud pairs you will see how different they are. Euraud seems to have a strong trend on daily charts where eurjpy has not got one. Take also eurusd and we will see that there was strong head and shoulder with the bottom formed on 22 Jan 2008 and instead moving significantly up it did not. Compare the daily chart of eurchf which on the other hand follows nicely its double top and bottom pattern. We encourage all beginner traders to consider those factors before trading real money. Select your indicators to your pairs in the way they are most suitable for each one of them. Make sure it is backtracked and there is evidence for such a selection. Remember: plan your trade and trade your plan.

Please visit http://www.forexmoneysignal.com for more advice and support and also forex signal solutions

The Best Forex Broker You Can Download

By Peter Aldrich

The best forex broker you can download will offer you a few advantages over other programs. When is comes to forex trading software, some can simply do a lot more when it comes to supplying effective trading signals.

First, you want a program that will work with multiple trading pairs. Unless you intend to focus simply on one currency exchange, such as the USD/JPY or the AUS/EUR, you will do much better in the long run if you are able to capitalize over a broad spectrum of currencies. Some software programs will only be based on one pair, while others can offer over a dozen.

Second, you want an expert advisor program that will provide multiple trading strategies. These can be long or short term and use different methods to achieve your results. Ideally, you will trade on a few strategies, so when followed precisely, you will get the best results. Look for programs that offer daily, weekly, and intra-daily trading.

Next, you want the software to constantly be up to date, and offer only the most recent information when providing trading signals. The software should also be easy to implement, as it would be pointless to use a program that required a computer science degree to operate.

Also, take some time to learn the programs track record. Many forex trading programs can offer a successful trade ratio of over 90%, which is pretty impressive. Likewise, the more accurate the software, the higher the price tag, but since this is an investment, you will often make a much better return on the higher priced programs in a shorter period of time.

Finally, it is always best to try before you buy, so whichever program you choose, see about either a free, or low-cost trial as well as a money-back guarantee. The best forex broker you can download has all of these traits and often a lot more.

Peter Aldrich highly recommends Forex Automoney to generate profits overnight and trade like a Pro. Be sure to take advantage of their trial membership and feel free to take his Forex Automoney Challenge

Making Money With Forex Signals

By Peter Aldrich

Forex signals provide traders with precise recommendations on when to buy and sell their currencies on the forex market. Making money with forex signals is very easy to do, and the best way to get started in the market.

If you were to research forex trading strategies, you could fill an entire library with tens of thousands of pages of information. Many of these strategies can be difficult to understand, and even more difficult to implement. A forex signal will basically do all of this statistical strategizing, and simplify it to simply "buy" and/or "sell".

This makes it really easy for beginning forex traders to get a grasp of the market and and make educated decisions as if they had an entire team of analysts working for them. There are a few forex signal programs on the market, and each have their own distinct principles in which they operate.

When looking for a forex trading system, it is best to find a program that will utilize multiple trading strategies across multiple currencies, all within an easy to follow interface. This will allow you to maximize your leverage on the market regardless of your investment size, as well as making the process as easy as possible.

Many people will overlook the interface, yet when choosing a forex system, this can determine your success, because if it is too difficult to use, or unclear on what to do, chances are, you will probably not use it.

Fortunately, there are a few systems that have created incredibly easy to use interfaces that literally tell you when to buy or sell and can even do that portion for you. It is best not to go cheap here, because like anything, you get what you pay for, and a forex trading system should be considered as an investment to your future. By picking the right system, the cost should not matter, because ideally, you will be making ten times more in just a few days.

Making money with Forex Signals is certainly the way to go when trading on the forex market, as it will provide you will not only a successful track record to work from, but an easy to use method of implementing your forex trades.

Peter Aldrich highly recommends Forex Automoney to generate profits overnight and trade like a Pro. Be sure to take advantage of their trial membership and feel free to take his Forex Automoney Challenge

Is Investing in the Foreign Exchange (Forex) Market For You

By Peter Aldrich

How would you like to make extra cash without much effort of either time nor money? Sure, who wouldn't enjoy an extra income stream to fund your lifestyle or to help cover the bills. If you're familiar with the foreign exchange market, than you know that both of these options can be true, but how can you know if investing in the foreign exchange market is for you?

Then just what exactly is required to trade on the forex market? The requirements are actually quite simple, as the only things you will need is a personal computer, a little capital to get started, and a trading plan to execute your trades.

Since the forex is a global market that operates 24 hours a day, and almost seven days a week, all of the trading is done via computer. This holds true for both individual traders as well as seasoned investment firms. The only difference is in the power of their software and the amount of money they are willing to invest.

The barriers of entry into the forex market are low, and you can start trading with as little as a dollar. Obviously, you will reap much better rewards if you invest $100,000 than if you were to invest only only $5. However, you can always start small and reinvest your winnings. This is a great way to quickly increase your forex trading leverage while using a small initial investment. Many brokers have used this technique of only reinvesting earnings to great success and very little risk.

Finally, the biggest skill, and most often the largest stumbling block to new investors is having the discipline to follow the market. Since the foreign exchange market can move quickly, many inexperienced investors can lose their confidence and begin making rash decisions. This is the worst thing to do, and many fortunes have been lost this way. Trading Forex is done by the numbers. It is best to have a proven system and to follow it exactly. There are many programs out there that will do exactly that, taking the guesswork out of investing. Either way, once you have a system in place, it is important to stick to it and not let emotions get in the way of your trading.

If you would like to venture into making some extra, and sometimes a lot of extra money, and think you have the discipline and a little capital to work with, than investing in the foreign exchange market is for you.

Peter Aldrich highly recommends Forex Automoney to generate profits overnight and trade like a Pro. Be sure to take advantage of their trial membership and feel free to take his Forex Automoney Challenge

How to Recession Proof Your Family With Forex Trading

By Peter Aldrich

You're probably feeling it already. With the price of gas being raised, and the costs of basic living expenses continuing to increase, many families are struggling in these tough economic times. With the dollar declining, many smart families have seen the benefits of trading currencies to take advantage of the foreign economies that are progressing. The best part, is that much of this requires very little capital investment, can be done in your spare time, and can be automated to the point where you simply set it up and collect.

Forex trading in effect in recession proof because it is not swayed by one country, government, or industry. In fact, it is truly the closest thing to a global open market, as it is traded twenty-four hours a day and nearly seven days a week.

While any sort of trading requires a bit of risk, Forex trading does not require massive amounts of capital to get started like other investments, and since trading happens so rapidly, you can quickly generate profits from your forex trading.

Forex trading can be complicated and risky if you don't understand the principles behind, however, since the forex operates in such a mechanical fashion, computer programs have been developed to analyze these trends and make the best trading decisions possible.

These programs require no technical knowledge, just the disciple to stuck to the plan and not let emotions get in the way of the trading. By trading the forex market, families have been able to create a generous passive income stream to use for college savings, as a nice future retirement fund, or simply to aid in paying the monthly bills.

It's a nice feeling to know that your family will be taken care of, regardless of the economy, and regardless of being dependent on a full-time job. Learning how to recession proof you family with forex trading is the perfect opportunity for those looking to gain some serious financial security and stability without a large investment of time or money.

Peter Aldrich highly recommends Forex Automoney to generate profits overnight and trade like a Pro. Be sure to take advantage of their trial membership and feel free to take his Forex Automoney Challenge

Can a Forex Trading System Work

By Peter Aldrich

The short answer is absolutely. In fact, many top forex traders use a forex trading system, whether they invented it themselves, or care to admit it. This article will talk about how can a forex trading system work.

Trading on the forex market is done strictly by the numbers. History has proven that like anything, currencies rise and fall based on certain statistical data, and trends can be calculated to when and how much these changes will occur.

In the past, financial institutions spent a lot of money developing these systems for their own use, and was often the backbone behind their investment strategies. These days, many of these programs are available to use for the general public. Simple software solutions can be downloaded and run on personal computers.

For the beginning, intermediate, and advanced forex trader, these programs can be a godsend because they do all the technical analysis for you and provide crystal clear buying and selling signals that take the guesswork out of making trades.

If you look at it, trading on the forex is a primarily statistic process, and using a forex trading system can not only eliminate mistakes and inaccuracies, but also provide the discipline of the program to your trading.

The benefit here is that your forex trading can be run on autopilot, where you set up your trading parameters, the money you are willing to invest, and let the program run, just checking up its progress.

Not only can a forex trading system work, it is perhaps the best method to either enter the forex market to to supplement your existing trading practices.

Peter Aldrich highly recommends Forex Automoney to generate profits overnight and trade like a Pro. Be sure to take advantage of their trial membership and feel free to take his Forex Automoney Challenge

How to Trade Forex Profitably Without Stoploss

By Ogbonnaya Eme

I know this might really sound bizarre, how can I trade the forex "volatile!!!" market without the use of my stop loss?

As a forex trader for some months now, three months precisely, having traded the currency market and seen lots of draw down and seen some profitable trades also, having applied my emotions to trading, used stop loss and the rest, i have come to the conclusion that to trade forex effectively, you really need to minimize the use of stop loss.

Have you ever entered a trade and you are so conscious of not turning your trade to a lose trade and then as a result of that when your trade gains some few pips, you quickly move your stop loss to break even position and before you realize what is happening, you get caught on your stop loss with little or nothing to show for the hard work you put at that time in trading?

So how then do you trade profitably without the use of your stop loss?

Now this piece is not to say you should not use your stop loss at all, but to be more profitable trading the currency market, you need to minimize its use. Listed below are some of the things I do to ensure I make profitable trades.

1. Believe in your self and in the trading you do as a business to succeed. This is done each and every time I am about to take a trade.

2. Ensure to use leading indicators in your charts as these tell you before hand that the trend is about to change.

3. Always look at price actions after confirming with your leading indicators, because most times they talk to us but only we don't listen or see and we finally get our fingers burnt.

4. Use your stop loss only when you need to be away briefly from your trade. Remember, a shrewd business person keeps everything in place for the success of the business whether around or not.

5. How large is your equity? I sound this as a warning always. Ensure you use strict money management technique. This ensures you last long trading the forex market and are able to break through during even when at a loss.

6. The sole aim of trading the currency market is to make gain, right? Wrong!!! Trading the forex market involves a whole new discovery of yourself. It implores you to look deep within in other to discover the real you. How you trade the market depicts how you really are.

7. To be constantly profitable without the use of stop loss, take note that price actions are constantly fluctuating and these fluctuations are caused by millions of emotional traders around the globe trading the forex market and these traders(including myself) place their long or short trades based on emotions and news from the countries of the currency pairs traded. So what do I mean by this?

Now except for news expectations and how favorable the news came out to the currency pair traded, always look to buy in the oversold region of your chart and look to sell in the overbought region of your chart and you would not require to always protect your trades with stop loss.

Need more information trading the forex market? Click HERE I'm just a start up guy with quite a load of experience and still counting. Forex trading just got better. Learn the trade, Keep the pips.

Forex Brotherhood - Join the Club of Elite Traders

By Nadav Snir

Every job and business require experience, and forex trading is not different. However, trading the currency market has an extra risk - the risk of losing everything and hating it forever. Without someone to hold you in your hand, you are nearly doomed to failure in this field of infinite possibilities. Luckily, there is an answer for that. Forex Brotherhood. This big package includes so much information that even a trader who started trading yesterday can already generate some profits.

First, Forex Brotherhood offers two daily webinars, short video seminars, with a top trader. In this webinar, you will discover secret tactics, what is going to happen today, how it is going to affect you, and how you need to react in the upcoming day. These webinars are a wonderful source of information, and the huge content archive allows you to watch them over and over in order to really understand what is going on.

Two daily reports are also given to you so you can easily read, interpret, and understand the events on the currency market. Some people find it easier to read than to listen, and the reports do a wonderful job at explaining you exactly, at all levels, what is about to happen and why currency pairs moved they way they moved. The two reports are also included in the huge content archive, so you can read past reports and gain great amounts of knowledge.

Forums are an excellent way to meet people, network with others, and learn everything you want. Forex Brotherhood offers such forum with a professional trader. You can ask any question, you can discuss what you want to do with your profits, and you can meet other people who share your interest. This is the most fun and definitely the best way to practice and learn a new skill.

To start enjoying forex and making profits, read the Forex Brotherhood review at Great-Info-Products.com and sign up. About the author: Nadav Snir is a stock market trader and forex trader. You can find more information about forex trading, forex brokers, and Forex Brotherhood at his site at http://Great-Info-Products.com/Forex/forex-brotherhood.html

Forex Expert Advisors - Should You Consider Them and Which Are Best?

By Kelly Price

Forex expert advisors or all over the net selling robots, signals and recommendations but should you consider them and which are the best? Lets find out...

The first point to make is that most forex expert advisors are not even proven traders, they are marketing companies.

You get a lot of fancy copy and promises - but most deliver nothing, apart from a simulated track record in hindsight, to back up there claims. The problem is of course you don't know the closing prices when you trade, so you can't make up a profitable track record in real time trading!

Before we look at what the good ones provide, here are the type of forex expert advisors to avoid.

1. Forex Robots

Ones who sell forex robots for $100, with a simulated track record and tell you that you're going to get rich, dream on, you will get wiped out. Also if it was that easy to make money, everyone would trade and give up the day job! It's not that easy unfortunately.

2. Day Trading and Scalping Systems

Again lot of hype and no real track record - just a simulation. All volatility is random in short time spans, so you are destined to lose - period.

Avoid these like the simulated forex robots.

3. Trading Signals Services

It's hard to follow a forex signals service unless, you know the logic the system is based upon. You should only do this based upon real time track record and the logic being fully explained so you can trade with confidence.

4. Forums and Members Areas

Lot of hype about sharing your experience with other traders. For "other traders" put losers - What successful trader, goes to a forum to share his advice? None I know - there normally busy making money. Most people in forums are losers and it makes them feel better, to give their great advice, when they can't win themselves - Steer clear!

5. News Wires

Want to trade breaking news? Forget it, its well researched and great information but there opinions and stories that's all. Trade news and you will lose.

The Problem is...

With the rise of the internet you have a lot of people passing themselves off as forex expert advisors and they have nothing to back up their claims. They have never made money and reply and back tests to sell their systems and this won't bring you success.

So where do you get the good expert advice?

Free Sources

Surprisingly, you can get most of what you need for free.

If you are basing your forex trading strategy on forex technical analysis, you can get all the theory and all the background to the indicators free. We have in our other articles explained how to build a system from these free sources so look them up.

Currency Trading Courses

You can get some good currency trading courses you need to check the person giving the advice is a trader though, as most courses are not. Look for something that can help you get a trading edge. There are some great courses that can cut the learning curve; you just need to seek them out.

Advice From the Millionaire Traders

How would you like some of the real millionaire traders to share their views with you?

Well go to your online bookstore and you can pick up some great advice. We wrote a top ten investment book list and it costs about $100 for the lot and that's advice from the super traders.

Always Remember This.

You can learn from others but you are responsible for your profits.

Someone can teach you the tools for currency trading success but it is up to you to apply them. Get your forex education for free and some books from the pros, or maybe a currency trading course, if it's run by traders and learn from it, then apply it with confidence.

There are plenty of forex trading expert advisors and a few can help you - but at the end of the day, your destiny is in your hands. Learn wisely, have confidence and discipline and you will win.

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 Currency Trading Course visit our website at: http://www.learncurrencytradingonline.com

Forex Education - 10 Novice Trader Mistakes That See Them Wiped Out Quickly

By Kelly Price

Here as part of your forex education are 10 common reasons new traders get wiped out. Make any of these mistakes and you will lose too. So avoid these common mistakes...

1. Buying a Forex Robot With a Simulated Track Record

If you want to win ignore the vast number of forex robots - they cost very little, promise a lot and wipe you out. There gains are all simulated going backwards knowing the data and this does not help going forward!

2. Day Trading and Scalping Systems

Day trading doesn't work as all volatility is random and you can't win. If anyone shows you a track record where they have won, it's normally just a simulation. Don't fall for the hype of day trading.

This applies to both points 1 and 2, there is no expert who can give you success, as success comes from within and having confidence in what you are doing.

3. Using to Much Leverage

You can get 200 or even 400:1, in terms of leverage but to use all of this is madness on a small account. Use maybe 10 - 20:1 - that is enough for most traders.

Leverage up to much and Volatility will get you.

4. Starting with a small amount

You get traders starting with $50 - 100, this is not really an investment at these levels, it's a gamble. Look to start with $500 -1000 minimum and preferably $5,000.

5. Believing You can Trade With low Risk

If you believe many people online, you would think you can trade with the odd loss here and there - but you can't! You will face many consecutive losses and they can last for weeks on end ( this happens to the best traders ) and you need to have the confidence and discipline, to take them until you hit a home run.

6. Predicting Market tops and Bottoms

Try and predict and you are hoping and guessing and your prediction will be as accurate as your horoscope. You can't predict in advance, so don't try, trade the reality of price change only.

7. Trading News

Those stories on CNN, CNBC and on all the other news channels are great stories but that's all they are stories and opinions. They reflect the majority who lose, follow them and you will lose to.

8. Trading too Much

You understandably want to be in on the action but most traders' trade to much and end up trading all the time - this will wipe you out, so have patience.

9. Trying to be too complicated

While some traders don't do any preparation and learn the basics and lose another major set think that being complicated and putting in effort means success - it doesn't. Forex trading is simple and you need to have a simple system and the discipline to apply it and that's all.

Make a system to complicated and it will break, in the brutal world of trading.

10. Know Your Trading Edge

You need to know what your trading edge is. Specifically, the reason you will win while the vast majority 95% lose and you need to have the confidence to apply it with discipline for success. If you don't know what your edge is, you don't have one and you need to continue your forex trading education until you do.

You can win at forex trading but you need to do the basics and get a simple system with an edge you can apply for huge gains. If you do this, then currency trading success can be yours.

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 Currency Trading Course visit our website at: http://www.learncurrencytradingonline.com.

Automated Forex Trading Systems - Finding the Best Ones a Checklist to Find the Best

By Kelly Price

There are numerous automated forex trading systems sold online and the vast majority lose. By following the enclosed checklist, you can find the best in simple steps...

1. Has it Been Traded?

This is not as dumb a question as it sounds because most have not been traded real time. You will often see extraordinary track records for 100 dollars or so - but when you check the disclaimer it will say "back tested in hindsight" and "simulated".

Anyone can make a profit knowing the closing prices, so don't be taken in by the hype, look for the proof of a real time track record - if the vendor hasn't got the confidence to trade it, why should you? If you discount simulations, then you have got rid of about 90% of the forex robots and trading systems sold.

These systems with track records promising financial freedom are a joke, as they don't have any real evidence of profits so avoid them or lose.

2. Track Record

Ideally look for a track record of about 2 years or more, in real time and independently audited. This is long enough to judge and will give you an indication of the systems potential.

3. Check Drawdown and recovery time

While those gains may look attractive, give the system another look and assume you joined on the worst possible day. Measure the size of the drawdown and how long it takes to recover - is it to much risk for you? You must be able to take drawdown! All systems have them and you need to ride them out.

4. Confidence and Logic

You will never follow a system unless you have confidence in the logic so you need to make sure you agree with it. Never follow a system where the logic is not disclosed.

5. Operation & Support

How long each day does it take to operate and do you get support? Obvious questions if buying a ready made package. Ask a few questions before buying and check support staff are around to help you if you need it.

OTHER IMPORTANT POINTS!

The automated forex trading software industry has a bad reputation, due to the vendors who say you can make easy profits, with no drawdown. This is not the reality of trading!

A good forex trading system can make money and the best do 30 - 100% consistently, however most will have drawdown periods of - several weeks or more and drawdown around 25 - 50% of equity.

You therefore need to judge them long term and have confidence in them.

Don't fall for hyped copy, look beyond it and follow the checklist above.

Most systems are a waste of money and have no proven value however you will find some forex automated trading systems which can pay for themselves many times over and lead you to currency trading success.

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

Trading Without Indicators - What's the Secret?

By Jon Ferraro

When most people hear that somebody is trading the forex markets without any indicators, there is an instant look of confusion that comes across the face. To them it sounds like driving with a blindfold on, But as a matter of fact, its the exact opposite.

Most people that trade without indicators have the same reaction to those traders who need 20 indicators on their charts in order for the pull the trigger on a trade. They look at the mass of indicators as if they were blocking their view of what's actually going on.

Trading without indicators has been around as long as the markets have. They call it price action. It's all done by the trader looking at the chart and understanding how the current movements of the price, compared to past movements, can be used to forecast future prices. In other words, everything we need to know, is right in front of us. There is no need to block our view with needless indicators.

For example there are certain patterns in the forex markets (actually all markets) that can be repeated on a constant basis. They are predictive in nature, as opposed to indicators like and RSI or MACD which are always lagging. They are only telling us what has already happened. Anybody can be a millionaire if they only tell you what has happened already. The real skill is using past information to make an informed decision about what the future holds. Trading without indicators is as close as we'll ever get to becoming a forex psychic.

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

Using Currency Trading Software As a Tool to Increase Profits

By Jon Arnold

If you're in the Forex trading market, one of the things that can take your training to the next level is currency trading software. The software works similar to the way a signal provider did in the past, but it can be timelier and can give you much quicker and more in-sync information. In addition, it can be better and more accurate than signal providers, since data provided by signal providers can be uneven depending on who you get it from.

For this reason, this type of software can be a good alternative to a signal provider. Good software can help you base your trades on accurate information it's conveniently provided for you in easy to read format. That said, it should be noted that you are still going to have to do your own homework and learn the ins and outs of the Forex trading market, whether you use software or not.

To do this, set up demo account with the Forex broker you choose and learn about different types of analysis, both technical and fundamental analysis. Technical analysis focuses on how a particular currency is doing in terms of its past history, and therefore how it is likely to continue to perform for at least the short term. Fundamental analysis looks at a particular currency self based upon its country's own economic, political and social stability and health.

When you trade in Forex, you are betting that one particular currency in a pair you choose is going to do better than another. The way you determine which pair to choose and which currency will do better is by performing the previous types of analysis and by looking at all of the data presented to you.

As you do this, of course, you can use currency trading software to help watch and manage data for your trades. Again, software can be a good "crutch" to help you manage your trades properly, but you're still going to have to know your own data well enough and trust your own gut instinct enough to make informed decisions. You should never depend on your software to the point where you don't analyze and follow your own instincts yourself. The software is only meant as a tool to help you decide what should be done on a particular trade.

If you do decide to use currency trading software, do so right from the beginning, when you first set up your demo account. This will help you become familiar with it so that you have it right with you when you begin to do trades in earnest. You can try out a couple of different types of software before you decide on the one they think is right for you. There are a couple of different brands that come highly recommended, with three of the most popular ones reviewed at our web site.

Can you make a lot of money in the Forex market? The answer is yes, you can, with a caveat. You have to know what you're doing and you have to have the emotional and psychological stability to be able to handle trades dispassionately, buying and selling based upon what your data rather than your emotions tell you. That means that you have to be able to get out of a trade that is still doing well if your data tells you that this should happen, and you have to be to get out of the trade that's doing poorly without worrying about whether or not you can make your money back. The best Forex brokers do lose on trades sometimes, but they know when to get in, when to hold, and when to get out. And while some people do trade in Forex full-time, many others simply trade on the side for a little extra money, and for fun.

Again, currency trading software can help you manage your data such that it's available to you all in one place and easily discernible; this can help you figure out what to do more quickly than you might otherwise be able to. However, remember that it's only a tool and your own best judgment is still what's going to make or break your success as a Forex trader.

For more insights and additional information about how to maximize the usage of Currency Trading Software as well as seeing a review of the three leading currency trading software programs, please visit our web site at http://www.forexcurrencysystems.com

Review of Best Hot Selling Forex Trading Software Available in the Market

By Garima Bajoria

Nowadays, there are many Autonomous Forex Trading software available in the market which makes high claims to set an auto-pilot trading platform for you and make you rich by doing nothing. So the basic question which comes in mind whether this software are really worthwhile to invest and are they true to what they claim to do.

In this competitive scenario where many Forex marketers are bidding and backlashing each other to grab the share of competitive market with alluring claims, the question arises as how to decide which software one should invest in to get better ROI.

As per daily market research and statistics figure,and constant experiment by investing in different software, I found that Famous Forex Expert Norb Czufi's Forex Tracer lives up to the expectation of the claims made and far better in many points than it competitors software.

There are several points which make it the Hot selling software in the market and distinguish from the competitors are:

1. Forex Tracer mainly targets (EUR/USD) on the 30 minutes timeframe, So it focuses 100% on this pair. So, Forex Tracer minimizes the risk to a minimum, that's why the chances you will profit are very high.

2. Forex Tracer- it analyzes everything for you and finds profitable trades. Your job is to accept or declines the trades. Using this tool you can automate the whole process of trading and save lots of money by avoiding non-profitable trades.

There is no doubt, that trading becomes much enjoyable process, when using such software. It's not only saves your money, but also it saves your time. Forex trading is quite time consuming, and in order to be up to date with everything, you need to spend your time analyzing statistics. However, with Forex Tracer everything is automated and software does all the work for you.

3. One thing I'm loving about this fancy Forex Tracer is you can start with a "demo account" so you can play the ol' market with "play money" and see how much you could/would profit before even investing a dime. How genius is that? This simple fact combined with the 60 day money-back guarantee makes it totally risk fee.

4. Norb has added new, free gift to his Forex Tracer package, which is called FX Cherry Picker - custom indicators, which are valued for $300.

These indicators work together with each other pinpointing the start of a trend with maximum accuracy. The Cherry Picker software could be sold like a separate forex software, but Norb is giving it for completely free. Also it comes with full instructions, so you can learn how to use it. In conjunction with Forex Tracer, these two software are an amazing package for any forex trader, and they are a MUST if you are trading forex.

Hence from every perspective,I highly recommend Forex Tracer software which can serve well the need of both advanced Trader as well as newbies.

I personally started out with this easy to use automated trading software named Forex-Tracer. And amazingly, it made my work so simpler and make my Forex trading so hassle free that now I Literally earn money on auto pilot after 1-2 months of set up. You can Check this and some other great software and it reviews - http://revenueboosterz.com/forexsoftwarereview.html Check out further reviews and ratings of Forex Tracer and other great Forex Trading software at http://revenueboosterz.com/forexsoftwarereview.html

Forex Futures Trading is Attractive to Day Traders

By Dean Forster

In the world of currency there are two distinct types of Forex trading. The first is the most popular of currency trading known as spot trading. The second way in which to trace currency is Forex Futures trading. There are differences between spot and futures trading to be sure, however the biggest difference and arguably the most important difference between them is the fact that spot trades are handled in what is termed as over the counter. The fact is there is no central location in which a Forex transaction is cleared. Futures trades have the distinction of clearing at the Chicago Mercantile Exchange.

The Chicago Mercantile Exchange, or CMX for short, has been offering Forex Futures trading since 1972. Today, the CMX offers futures on 41 currency pairs, options on 31 currency contracts and it holds over $60 billion in total liquidity. The Chicago Mercantile Exchange also does Futures transactions on their world-renowned Globex platforms. As an added bonus, it also offers feature popular future contracts traded on the e-mini equity indices.

One of the big differences in Forex spot trading as opposed to Forex Futures is that the former works very well for those whose habits tend to lean towards trades that are a shorter term, whereas Forex Futures trading is typically better for larger, long-term trades.

For most investors the biggest most important difference between Forex spot and Futures Trading is not the over the counter trade as opposed to the trade clearing at a central location. The most striking difference in the two is the cost involved in currency trading. Futures has a cost of around $20 or less per round turn. The Forex spot trade will run you anywhere from $30 to $50 and up per round turn. This particular aspect of Forex Futures trading makes it the trade of choice for most currency day traders.

From just a personal perspective, some people have a problem with Forex spot trade simply because in most cases, they have no idea with what company or with whom they may be doing business. It is seldom an issue, but some investors prefer doing business at a central location. With Forex Futures trading, this is not an issue. The Chicago Mercantile Exchange is a market that has a rich and storied tradition. Most people know where it is and they know it is not going anywhere.

Read more about Forex Trading systems and strategies at => http://www.forextechnicaltrading.com

Learn Swing Trading If You Do Not Want to Fail in Forex

By Albert Schmidt

I believe some trading styles and systems are more suitable for a beginner trader than others. Swing trading I think one of them. Learning swing trading requires much less effort than say scalping or any day trading technique. Usually a swing trade can take a few days to mature. That's why it is easier to control your emotions when you set up a trade and monitor it on a daily basis looking at it only a few minutes a day. The major benefits of swing trading technique for a beginner trader are as follows.

1. Fewer trades - less spreads.

If you compare swing trading with scalping then the advantage of swing trading is obvious. In scalping there is a lot of emotional pressure when trade needs to be executed in a few minutes. Other than that there is a spread between buy and sell prices. Thus it is better if a trader has fewer trades and a large profit target. Fore example if a spread is 3 pips then by entering 10 trades a trader loses 30 pips already. Small profit targets in scalping make it difficult to succeed for a beginner. On the other hand swing trading techniques usually target much larger profit, usually more than 100 pips per trade. You see the difference.

2. Low level of noise on the charts.

If you look at the higher time frame charts like 4 hour or daily charts you will see that a lot of price patterns are easily identifiable. When you switch to the shorter time frames like 15 minutes and 5 minutes charts there is a lot of noise that can prevent you form seeing the right pattern. Random fluctuations are more prominent in shorter time frames. That's why it is easier to trade using the higher time frames and have a trade last for a few days.

3. Emotional control is easier to master.

I noticed from my experience it is easier to control your emotions once you set a trade with stop-loss and take-profit orders and come back to look how it unfolds only for a few minutes a day. As for any day trading technique you monitor a trade continuously. I think you are familiar with an emotional roller coaster when price goes against your position and goes in favor of it. This kind of emotional pressure quickly wears out your energy and you are more susceptible for making trading errors.

4. Part-time trading

Many people start trading Forex part-time. They are testing this opportunity to see if Forex trading is for them. As I mentioned before swing trading requires only small amount of time to monitor a trade. I personally started with day trading techniques that's why I was amazed by ease when I switched to swing trading systems. Don't get me wrong it does requires time to analyze the market but the time required to monitor the trade itself is minimal.

I even know some traders who started with swing trading techniques. When they decided to become full time traders and switched to day trading techniques they started failing because they were not used to emotional pressure of the day trading. That's why I believe that if you want to become a successful trader you should learn a swing trading strategy first.

Albert Schmidt is a part-time currency trader. After quite a few months of struggle he learned to make consistent profit trading in Forex. Review a swing trading strategy he successfully uses in his trades.

How to Pick a Profitable Forex Trading System

By Albert Schmidt

In the beginning of my trading career I was jumping from one trading system to another as soon as it gave me a few failing trades. I think it's a common thing among beginner traders to change system without even testing it.

Oftentimes I can hear traders argue which system is better or which trading style is more profitable. I believe that it all depends on trader's personality. One has a greater emotional control so he can sit and continuously monitor his trade. Some type of short-term trading strategy will suit him the best. Another trader is more patient. He can wait for his trade to mature for a few days. For this trader long-term trading systems are more relevant.

It is surprising to see that even very successful traders do not realize that a trading style must suit a personal trait of the trader to make him successful. Usually traders advocate their own trading style or system. Anyone who wants to become a successful trader needs to study himself before studying the market to know what is best for him.

Personally I dislike short -term trading suchlike scalping. Besides that it's emotionally challenging for me to watch continuous fluctuation of the market, there is another reason I don't practice scalping.

Scalping is a trading style that targets very few pips per trade. Therefore to make a significant profit one needs to make several trades a day. Brokers nowadays do not charge commissions for trades, but there is a spread. The more trades you execute the more pips in spread you lose. Let's say you scalping a currency pair that has 3 pips spread and you need to make 10 trades a day. By doing so you are already 30 pips behind. It will add up into 150 pips in a week.

A long term trading strategy on the other hand usually targets quite a large profit for a single trade. This style of trading suits me the best. I can analyze the market, set a trade and keep coming back to see how it evolves. No emotional overreaction. No huge number of trades to lose spreads on.

I don't mean to put down any trading style. What I mean is that you are the one who needs to choose what trading style suits you the best. Once you find that out buy studying yourself then success in trading will come easy to you.

Albert Schmidt is a part-time currency trader. After quite a few months of struggle he learned to make consistent profit trading in Forex. Review a trading strategy that he is trading successfully.

Can Forex Buy-Sell Signal Make You Profitable?

By Albert Schmidt

Many people wonder if Forex buy-sell signal providers are worth trying. Can signals actually turn a trader into a profitable one? When I was constantly failing in Forex I was looking for some sort of signal provider to make me profitable in my trading. Unfortunately it is not the signals that matter. Of course there is a lot of hype scam in this business. However there are some good ones too.

It is amazing to see how one trader takes the signals and make profit consistently trading currencies. Another one with the same signals is making consistent loses. The first one has his crucial ingredient his discipline and mindset that allow him to trade profitably. The second one joined the signal provider to relieve himself from the burden of responsibility for his account.

Here is what happens with undisciplined trader with those signals. If he has a few loosing trades in a row he gets discouraged and decides to skip the next trade thinking this signal provider is a scam. What happens next is the next signal would make him profit that would recover his previous losses but he has missed it. Or the situation could be the opposite. After quite a few winning trades in a row he decides to load up the next trade to make a fortune. Unfortunately it is this trade that blows his account. You may ask how I know it. I've been such a trader.

You can read the review posts in different Forex forums about certain buy-sell signal provider. You will be surprised how one trader says that it's a great service and he made a lot of money and another one complains about their service, blaming them in his losses. Can you see the difference? The reason the unsuccessful trader joined the signal company was to be able to blame someone else for his failure.

That's why I am a strong believer in developing a disciplined approach to trading. If you have a discipline than with any signal that has a positive mathematical expectation you will build your account over time. If you don't have that very important ingredient then your account will not live long.

The bottom line is once you have developed the discipline to follow through any trading system without looking at the result of any single trade then you can join a signal providing company. It will be one more tool it your way to success. Otherwise a toolbox with lots of tools will not help you if you don't have the necessary skills.

Albert Schmidt is a part-time currency trader. After quite a few months of struggle he learned to make consistent profit trading in Forex. Review a trading strategy that generates profitable signals for his trades.

News Profiteer Review - Forex Trading News System

By William Barnes

Many Forex traders are interested to try trading news releases and reports, yet almost all of them lose money with this strategy. The News Profiteer system's owner, Henry Liu, claims that Forex news trading is easy to profit from, especially with how easy it is today for anyone to receive breaking news information quickly. In this article, I will discuss more about the News Profiteer system, as well as the nature of news trading today.

1. Why Do Over 90% Of Forex Traders Lose Money?

Despite the fact that there is now much faster ways to receive information across the globe, the percentage of traders who lose money trading Forex is still very high and has remained unchanged. This either shows that traders do not know how to use this information correctly, or that this information is not useful in helping traders make a profit.

2. Why Knowing Forex News Has Caused Many Traders To Lose More Money

The reason is that the average trader usually has no chance to act upon a news release, since the market is able to discount the effect of the news within seconds. Also, some Forex analysts are poor at analyzing what has happened and what impacts the news release will have on the currency pairs. Despite that, they appear very confident and convincing while talking, causing many traders to take their opinions as recommendations to trade.

3. How To Make Money Trading Forex News With News Profiteer?

This system has taught me how to use both price actions and news events to correctly analyze the situation in the Forex markets when news reports are released. You need to first look at the outlook and trend of the currency pair even before the news has been released.

Is News Profiteer a scam? Visit http://www.top-review.org/newsprofiteer.htm to learn more about this news trading system!

Forex Beater Review - Best Forex Trading Software Or Scam?

By William Barnes

Are you searching for the best Forex trading software on the internet? One of the automated Forex trading software that I have tried is called Forex Beater. This software uses mathematical algorithms and trading systems pre-programmed into them to analyze the Forex markets at all times, and makes crucial buy and sell decisions for me. It has been trading for me on autopilot, and all I need to do is check on its progress every few days.

1. What Exactly Does The Forex Beater Software Do?

This automated Forex trading software helps me trade the currency market even when I am not around my computer. It has freed me from having to trade manually by sitting in front of the computer all day, and has certainly given me a lot more time to do other things.

By leaving Forex Beater and my trading platform on, the software will look for trading opportunities based on its internal mathematical algorithm. Once it finds this opportunity, it will buy (or sell) the currency pair and use the amount of lots that you have set before activating the software.

2. What Are Some Potential Downsides Of An Automated Trading Robot Like Forex Beater?

Of course, there will always be doubts about whether a computer program can be trusted at all times to manage money sensibly. It is important that you test any new trading robots on demo account first to ensure that it is free from bugs or glitches. Luckily, Forex Beater did not show any problems during the testing phase, which prompted me to move the robot to trade on a live account.

Is Forex Beater software a scam? Visit http://www.top-review.org/forexbeater.htm to learn more about this Forex automated software!

Auto Trader Forex Review - How to Trade the Forex Market Automatically With Robot?

By William Barnes

Does auto trader Forex really work, and can you really make money with them automatically? Even though Forex trading robots are nothing new, they have never been available to the general public until recently. In the past, these automated trading robots were only available to large financial institutions like banks and brokers.

1. What Does An Auto Trader Forex Robot Do?

The most significant feature of these robots is their ability to trade for their users on autopilot 24 hours per day. They trade with the internal system and algorithm programmed into them, and that system will vary depending on the programmer.

Other than programming the conditions for the robot to buy or sell a currency pair, the programmer must also decide how much risk the robot can take by calculating how much of the trading capital the robot should use for every trade. Once the auto trader enters a trade, the Forex software must also know when to exit its position and change its stop loss levels whenever necessary.

2. What Are The Potential Drawbacks Of An Auto Trader Forex?

Even though these trading systems are capable of trading on autopilot, the trader must ensure that their trading platforms are active all the time. This means that the trader needs to leave his or her PC switched on. Another solution would be to host the robot and Forex trading platform on a virtual server and pay a couple more dollars per month.

3. How Do You Determine Whether An Auto Trader Forex Software Is Profitable?

The only way to know whether a Forex auto trader is profitable is to test it out for yourself or read the reviews of their users. Even though past results are a good indication of how the robot works, they are not a guarantee that future results would be the same. It is highly recommended that any new Forex automated software should be tested on a demo account first. Nowadays, I use a trading software that trades Forex and makes money for me automatically. You can find out more about it at the website link below.

Are you looking for an Auto Trader Forex Software? Read the author's review of the Top 5 Forex Trading Systems on the web at http://www.review-best.com/forex-trading-robots.htm first! The author has found a 100% automated Forex Trading Robot that is making him over 20% returns on his capital every month. CLICK HERE to find out about it!

Understanding Forex For Better Profit

By Teddy Low

Do you want to generate more profits from FX market? If you do, then you have to understand the concept of fair value. If you can master this knowledge well, you will be the ultimate winner and you can harvest the maximum profit from FX market.

Many people maybe doubt on how the FX markets move. The simplest and most appropriate explanation can be defined through the equation below:

Price = FX Fundamentals + Investor Perception on currency

Basically, FX fundamentals play less important role than the investor perception in determining the value of each currency or also known as price, which highlighted on equation previously. Investor perception always refers to emotions (greed and fear) of investors.

There are 2 categories of prices, long term prices and short term prices. A long term price is more affected by long term fundamentals, whereas a short term price is more affected by emotions. Fluctuation of prices happen actively, eventually causes the prices distort away from fair value.

Most of the time, the scenario above can be studied through FX chart. These FX price spikes never stop and the prices will anyhow recover back to normal level. There are some ways for you to judge fair value and to take advantage from fair value. The simplest way to judge fair value is averaging the longer term moving.

In big bull trends the 40 ma will usually operate as huge support for the longer term trend and drop back to the 18 day ma. At this moment, you are advised to load in positions in the direction of the general trend.

Just study any trend which you like. Try to focus on how effective these averages are to buy or sell into, after a fluctuation up or down. Do not buy if the current prices drop below the averages. You are advised to only buy until the price turn up above the average.

There are a few technical studies which can be applied to FX market, like stochastic and RSI. These studies are helping you to predict the market FX based on computation using pass records and forecasts.

Another important tool which is important to help you in FX market is the FX chart. By using FX chart, you can know how frequent buying back to key moving averages which backup by momentum works. You really can gain lots of money by purchasing back to these areas of fair value.

FX market can make rich in short moments, meanwhile it can also make someone lost all their properties. To ensure yourself in winning position, you should equip yourself with adequate knowledge.

Final piece of advice Do you know 7 out of 10 traders keep losing money in Forex market? That's right, 70% of individual FX traders keep losing their hard-earned money in the market; while the rest of the 30% work freely at home and earn millions annually. Wonder what differs between the losing 70% and the winning 30%? Forex trading skills and the trading system! If you wish success in Forex trading, be very sure that the road is long and you need to study hard and smart to learn what it takes. The Forex market is definitely not a game for newbie and you need to brush up your skills before getting your hands wet. Article by Teddy Low. Recommended Forex learning resources: Go Learn Forex

Learn A to Z About Foreign Currency Trading

By Teddy Low

The currency trading (foreign exchange or more know as Forex) market is the biggest and fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars. The participants in this market are central and commercial banks, corporations, institutional investors, hedge funds, and private individuals like you.

In Forex markets, investors trade on currencies of various countries (as well as gold and silver). For example, you might buy euro with US dollars, or you might sell Japanese Yen for Canadian dollars. It's as basic as trading one currency for another.

Actually, Forex trading is quite similar to share market. You need to have adequate market info in order for you to win in every battle. But the difference between Forex trading and share market is Forex trading will not lose more than your initial investment.

How to let you more alert on Forex trading? Below I will share my opinion on it:

1. Trading Currencies - Forex trading is always done in currency pairs. For example, imagine that the exchange rate of euros to US dollars on a certain day is 1.1999, in which the number is called Forex rate. If you had bought 1,000 euros on that date, you need to pay 1,199.00 US dollars. Certain period later, the Forex rate is 1.2222, the value of the euro has increased in relation to the US dollar. If you sell it now, you will get profit of USD23.00. This is the power of forex trading. Of cause, you will have to chance to lose money if you are not careful about the market.


2. Market alert - Before you want to start invest in Forex trading, you should furnish yourself with ample market info. This info can be obtained via newspaper, business show, press conference, business magazine, etc. Actually a country's currency is hugely influenced by major events, e.g. launching of mega projects, inflations, fluctuation in commodities price, etc. Of cause, the safest way to invest after any news announced. But always the case where high risk will bring higher profit. So, invest on Forex requires sharp-sighted on market.


3. Volatility and risk - Volatility is the degree to which the price of currency tends to fluctuate within a certain period of time. For instance, in an active global trading day (24 hours), the euro/dollar exchange rate may change its value 18,000 time flying 100-200 pips in a matter of seconds if the market gets wind of a significant event. Seeing these, high volatility will create a great fluctuation in currency; profit and loss is all happen in just a glimpse.


4. Frequency of trading - Most investors thinking that involve actively in the forex trading, they can have more market awareness and able to earn good profit. In fact, this is not true. Each year, forex trading market will have a few times of great transaction. As a prudent investor, you should invest at the right moment.


5. Monitoring news - Keep abreast of world news. Read all the headlines, particularly those directly related to Forex. Check the impact of such news, if any, on the charts. Also, read daily/weekly outlooks posted on Forex or general financial sites. Many include alerts to upcoming reports and events such as market indicators and interest rate decisions. Besides, you should pay attention to forecasts, some of which are available free of charge. Bear in mind that forecasts and predictions are made by people, none of whom can guarantee the occurrence of future events. Don't forget about Forex glossaries, which are offered free on many platforms. A given word may have different meaning as it relates to Forex and to the terminology used by the Forex market participants.


6. Investors's self discipline - Always remind yourself that you should only invest when you are confident. Don't listen to rumors. Always the case that people lose money because of their greediness and listening to other people 'tips' without details study.

Lastly, I would like to inform you all that the potential financial risks of engaging in foreign exchange trading. Before deciding to undertake such transactions with a Forex trading platform, a user should carefully evaluate whether your financial situation is appropriate for such transactions. Trading foreign exchange may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

Final piece of advice Do you know 7 out of 10 traders keep losing money in Forex market? That's right, 70% of individual FX traders keep losing their hard-earned money in the market; while the rest of the 30% work freely at home and earn millions annually. Wonder what differs between the losing 70% and the winning 30%? Forex trading skills and the trading system! If you wish success in Forex trading, be very sure that the road is long and you need to study hard and smart to learn what it takes. The Forex market is definitely not a game for newbie and you need to brush up your skills before getting your hands wet. Article by Teddy Low. Recommended Forex learning website: Go Learn Forex

Is Your FX Broker Cheating Your Money? Learn How to Avoid Faulty Forex Dealers

By Teddy Low

Forex market, also known as FX market is a special kind of the world financial market. Trader's purpose on the FX market is to get profit as the result of foreign currencies purchase and sale. Different from stock market which everybody trade on the same centralized market, FX market is a non-centralized market. What is non-centralized market? FX market does not have a common market place for FX traders. All agents or dealers have the authority to execute transaction. Due to this reason, competition often happen and causing different deals in market available which offered by different dealers. As a FX trader, you should be cautious when selecting who to be your dealers as they will take full control on your transactions.

Below I will show you some example how some bad dealer doing scam on your capital although you are the one who call for investment decisions: -

Bad dealers normally will trick money from low self awareness clients. These bad dealers call themselves as retail market makers. They usually will persuade their clients to deal on margin and set stop loss orders. This will indirectly let the market makers to end up deals during busy market at their desired set point. If the retail market makers do not compensate the clients' set point, they will get yield when the loss generated when a stop loss is elicited. Based on retail trader's standing, these retail market makers effortlessly distort one way.

Another common trick used by bad dealers is persuading their clients to invest for certain currency before any confirmation of any major happenings. If all these unsuccessful, these bad dealers will demand tremendous prices, which also known as spiking to elicit stop loss orders.

Always the case that retail FX traders incapable to acquire good profit or sometimes making loss as these retail market makers already take some of the fund which clients invested. So, as a investor, we must be cautious on all these tricks.

Final piece of advice Do you know 7 out of 10 traders keep losing money in Forex market? That's right, 70% of individual FX traders keep losing their hard-earned money in the market; while the rest of the 30% work freely at home and earn millions annually. Wonder what differs between the losing 70% and the winning 30%? Forex trading skills and the trading system! If you wish success in Forex market, be very sure that the road is long and you need to study hard and smart to learn what it takes. The Forex market is definitely not a game for newbie and you need to brush up your skills before getting your hands wet. Article by Teddy Low. Learn Forex, visit GoLearnForex.com!

Introducing Forex Trading

By Teddy Low

Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange, which were transferable third-party payments that allowed flexibility and growth in foreign exchange dealings.

Nowadays, forex market or FX market is popular for investors. Due to great popularity, the FX market is the biggest and fastest developing market on earth. Everyday, transaction's turnover exceeds 2.8 trillion dollars. The turnover rates in FX are estimated 30 times higher than total volume of equity trades in United States. Although FX market involves an extremely high turnovers, but the market still not open to public before year 1998. Since year 1998, inter-bank units are segmented into smaller lots where more people able to invest in this market. Now, the partakers in this market are central and commercial banks, corporation, institutional investors, hedge funds, and private individuals like you. The big involvements by all parties cause the FX market's turnover even greater.

Generally, market is a platform where goods are traded, and the same goes with FX. In FX market, the 'goods' are the currencies of various countries. For example, you might buy Japanese Yen for Canadian Dollars, or you might sell Dollars for Euro. It's as basic as one currency for another.

In FX market, large international banks take part in contributing largest portion in daily FX market transaction. Each day, these large scale international banks contribute more than 70% trades in currency market. Among all the key players, Deutsche Bank is one of the top currency traders. Besides, other international banks like UBS, Citi Group, HSBC, Barclays, J. P. Morgan Chase, Coldman Sachs, ABN Amro, Morgan Stanley, and Merril Lynch also some of the key banks in controlling currency trading.

Commonly, when you plan to deal with currency dealers for currency trading, you may easily notice the following facts - two-sided quote. What is two-sided quote? Actually, this quote comprise of 'bid' and 'ask' price, which the prices are listed clearly on dealers' panel. The 'bid' price is the price you will receive when you sell off the base currency, whereas the 'ask' price is the price you need to pay when you intend to buy the base currency. Let me show an easy example, EUR/USD 1.2385/1.2390. The value 1.2385 represents the 'bid' price, whereas the value 1.2390 represents the 'ask' price.

From the example just now, you can clearly notice that two-sided quote will make you loss when you buy and sell at the same time. You are required to shell out higher price than the selling one. The higher premium that you paid is actually the commission fee as currency dealers usually will not request any commission fees from you as in usual.

Final piece of advice Do you know 7 out of 10 traders keep losing money in Forex market? That's right, 70% of individual FX traders keep losing their hard-earned money in the market; while the rest of the 30% work freely at home and earn millions annually. Wonder what differs between the losing 70% and the winning 30%? Forex trading skills and the trading system! If you wish to make some serious money in Forex market, be very sure that the road is long and you need to study hard and smart to learn what it takes. The Forex market is definitely not a game for newbie and you need to brush up your skills before getting your hands wet. Article by Teddy Low. Best FX learning : Go Learn Forex.

Do You Have What it Takes to Make Money in FX Market?

By Teddy Low

Forex market or FX market is trade and work with your own base currency, and deal with any currency pair you wish to. Normally the deal will be set after contract agreed by trader and the market maker. These contracts comprise 3 main components: the currency pair, the principal amount and the rate.

Below I will share some methods with you in order for you clearly determine the chances of winning in every battler in FX market.

Following the FX robot with virtual earnings analysis.

FX robot able to provide you information which collected through history records and re-analysis the chances for you, and with the assistant of the robot, you pay lesser effort for your own study on each currency.

Day trading and scalping

Day trading is not an effective method as all short term volatility happen unsystematic and no trend can be taken as benchmark. Investors, who practicing short term transaction normally convincing themselves based on simulated records computed by FX robot. As an investor, you need to have your own trading edge. There are several ways to guide you to success and I'll show you some of them: -

Success comes from experience

I believe everybody understand about how FX market works. As an amateur, you should not invest much. As higher investment capital brings you more risk, after you familiar with the game and rules, you can start invest more. But of cause, you should always remind yourself that you should not invest exceed your capability.

Discipline and losses

Always the case, people lost their money because of their greedy mindset. This group of people does not have plentiful self-discipline, they cannot control well the timing to enter and exit, investment capital and right person to be their dealers.

Trading edge

To make yourself stand at higher chance to win in every FX battle, you need to have this attribute - trading edge. Almost 95% fail to secure profit from FX market because they cannot fully comprehend the power of trading edge. Practically, successful FX investors will be well equipped with the following components: - implementing simple robust FX trading system; have firm fundamental in the basics of FX trading; stand firm and discipline when before and during the investment routine; understand well how their system will help to success in FX trading; understand the theory that no one can help them success except themselves.

I hope readers here have clearer picture about how to success in FX market. Good luck to you all.

Final piece of advice Do you know 7 out of 10 traders keep losing money in Forex market? That's right, 70% of individual FX traders keep losing their hard-earned money in the market; while the rest of the 30% work freely at home and earn millions annually. Wonder what differs between the losing 70% and the winning 30%? Forex trading skills and the trading system! If you wish success in Forex trading, be very sure that the road is long and you need to study hard and smart to learn what it takes. The Forex market is definitely not a game for newbie and you need to brush up your skills before getting your hands wet. Article by Teddy Low. Recommended Forex learning resources : Go Learn Forex.

Forex Trading Systems - Applying Mathematical Theories For Profit For Huge Gains

By Samuel Leslie Berkovits

The PC on your desk has far more processing power than Mission Control Houston which landed man on the moon and with the speed, at which we can test systems today, mathematicians apply complex theories for bigger gains but which are the best theories and systems?...

Before we start lets contrast some data in relation to winners and losers in the forex market. 50 years ago before we had PC's and the Internet 95% of traders lost and today, the ratio is the same.

Think About This

This is despite the vast strides we have made in technology and the conclusion is obvious - it hasn't helped increase the ratio of winners.

Markets are Based on Odds of Success Not Certainties

The reason for this is simply prices DON'T move to a mathematical formula, forex markets are an odds based game only. You are dealing with probabilities NOT certainties.

There are many clever people out there who will tell you, they have found the way to predict market movement - but if there was such a theory they wouldn't tell you about it (they would be making to much money) and of course there isn't one; also If there was, we would all know the price in advance and there would be no market - obvious really.

The people who claim there is, are simply presenting back tested theories, simulated and in hindsight to prove their point - but that means nothing. Anyone can make money, if they know the closing prices but you have to trade forward!

TO WIN YOU NEED TO DO THIS!

As part of your essential forex education, forget about being complicated the markets will not reward you.

The best forex trading systems are simple and robust, complicated ones have to many elements to break.

Getting a robust forex trading system is only part of the equation for success; you have to play the odds and this means you are going to look stupid at times and have to take periods of losses.

Anyone who tells you that you don't is wrong.

Even the best traders in the world take many weeks of losses but they still win.

They win because they have the confidence in their system to ride out the period of losses and lead them to success - it is the discipline to keep losses small and run profits, with strict money management which is the key to currency trading success.

Today, most traders look to forex robots to lead them to success but most are sold on hype of a back tested track record and are doomed to failure. Saw one which claimed it had been worked out by a maths whiz kid well, that's no recommendation or guarantee of success!

Forex trading is simple, many traders make it more complicated than it really is and if they looked at the facts, they would see the reality which is:

A simple forex trading strategy, you have confidence in and can apply with discipline is the key to success in 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 Education - 5 Key Points to Lead You to Currency Trading Success

By Samuel Leslie Berkovits

If you want to win at forex trading, then you can it's a learned skill. That's the good news however 95% of traders lose and you must understand the following key points and make them part of your essential forex education. If you do, you will win...

Here are your key points, in no particular order of importance - there all important.

1. Forex Trading is NOT Easy!

Most traders just think they can buy $100 buck robot or get a mentor and someone will lead them to success. This is naïve and you know, if you want success at anything you need to work at the basics and do your homework.

Don't believe the sire fire systems or forex robots which never have a real track record, just a back tested simulation and keep in mind trading forward is what counts and that's hard.

Sure it's hard but that's why forex trading offers such huge rewards in terms of the effort you put in.

2. You are Responsible

If you accept you are responsible for your destiny, you will put in the effort to get the right forex education. You will learn a simple forex trading strategy which is robust, you understand and can have confidence in. If you have confidence then you will be able to acquire the next key trait.

3. Discipline is the Key

When you trade forex you are going to lose, the market is going to make you look a fool but that's life in forex and doesn't mean you can't win - you can.

What you must do is, have the discipline to apply you forex trading strategy through periods of losses, until you hit a home run. To win you must learn to lose gracefully in the short term and keep your eyes on the long term prize.

Many traders believe they can trade with little or no drawdown. They listen to the so called experts but the truth is - you will have to face weeks of losses at a time and discipline is needed in these periods, for you to emerge a winner.

4. You Need to Trade in Isolation

In society we are taught to agree with the crowd but in forex trading this leads to disaster, as 95% of traders lose money. You have to stay away from the herd and even when your emotions are telling you to conform, you need to stand aside. Get sucked into the herd mentality and you will end up with the 95% of losers.

5. Patience

Not only do you need patience to wait for the right opportunities, you also need patience to take your losses and more importantly, to run your profits.

Many traders get so excited when they have a profit, they move to soon to protect it or bank it; whereas if they hung on they could have made huge gains.

Becoming a Winner

If you want to become a winner in forex, you need all the above attributes and if you do achieve them, you will be on the way to currency trading success. They can lead you to a great second income or even a life changing one, in around 30 minutes a day.

The key point of this article on forex education is:

You can win with a simple system and more importantly, the right mindset and this is what most traders fail to achieve.

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.