Who is Involved in Forex Besides You and Forex Broker

By Yana Kah

When you trade forex it feels that the whole world is focused on you and maybe a little bit on your forex broker. In reality forex market consists of much larger entities than 1 profit-thirsty trader and spread-seeking forex broker. Today's topic of discussion is who is involved in forex trading and why should you care?

We are definitely not alone in forex market and it is wise to get up close and personal with the players behind the scene.

1. Federal Governments and Central Banks

Federal governments and central banks play major role in currency exchange. These two are like dancing couple, making extravagant moves along the forex market hand in hand. Government representatives meet up with Central Banks representatives regularly to discuss the money issues. And even if others may argue, federal governments and central banks always seem to be in agreement with each other. After all, these forex players are able to manipulate forex market in order to meet any kind of economic agenda.

2. Financial Institutions and Other Banks, Besides Central Banks

Central Banks are not the only banks known to man kind. Other financial institutions are also considered big shots in forex market.

Before we go any further with this, let's understand the concept of interbank market. Interbank market is the market where banks make transactions with one another and fix the currency price that you, forex trader, see on your trading platform. The transactions these large banks engage in are based upon credit relationship. The more credit relationships bank has, the better currency rates it can provide for its forex traders. So, basically, it is safe to say that Banks are like dealers. That is a reason why different banks have different currency rates. Remember those days when forex trading was not yet available online? Currency exchange were done solely in banks or currency exchange points and all of them would have their own "special" currency rates.

3. Moving On - Hedgers

Who are the major clients of large banks? Well, of course well established, successful businesses with international transactions. International businesses need to either buy from or sell their product or services to an international client and that directly brings us to forex market.

The problem every international business faces is the ambiguity in currency rates. Imagine that you are an owner of a very profitable international business in America. Now, you have found out that the equipment you need for your business is much cheaper in Japan. So you order the equipment and you schedule the payment for the equipment half a year from now (it takes that long for the equipment to be installed!). Do you see the problem yet? Let me elaborate. The exchange rate change constantly and there is no way of knowing what will happen over half a year from now. Maybe you will end up overpaying at the time of delivery.

No problem, you might say. International business can simply make immediate transaction for the needed foreign currency via forex market. Yes, that is correct, but what if there is not enough money at the moment?

That's where hedging comes in handy. Hedging strategies allow you to secure an exchange rate at the time of the business deal. This eliminated the risk of dealing with foreign currency.

4. Currency Speculators

In general, currency speculation is defined as "assumption of the risk of loss, in in return for the uncertain possibility of a reward".Speculators take advantage of unpredictable exchange rates. The biggest speculators of them all are hedge funds. Hedge funds use all kind of forex strategies to gather large returns. It's like betting, really. Speaking of which, here is a proof that forex has an element of gambling!

Do you feel like a tiny ant surrounded by prehistoric dinosaurs? Don't let it scare you. The beauty of forex market is that there is enough in it for every one, even you and your forex broker!

http://www.forexexplore.com - Forex brokers reviews and rating, comprehensive forex tutorials and articles, latest forex news and forex blog. Find top forex brokers, free demo accounts and much more

Black Dog Trading System

By Raissa Arutjunjan

Amongst the many purposes of using a trading system, the most important ones are that they provide a set of rules and parameters and work on trends, indicate when and when not to do a trade.

Black dog trading system is one which has all the basic qualities of a trading system and much more. The key features of this system that distinguish it from the other systems is its versatility as it gives the choice of trading many different financial instruments without restriction of timeframe in an easy and understandable way which is suitable even for those new at trading.

The Black Dog trading system allows you to trade financial instruments like Forex stocks, Currencies, e-minis and also gold. Although it is a relatively new system, it is gaining popularity with its clear and understandable indicators, versatility and by providing many distinct features at a low price accompanied by many facilities which are for free.

It also gives you free real-time charting software for your charts besides describing the important techniques and methods.

It is versatile because it leaves it to you to choose a timeframe you want and you can even do your chores in that time. When a situation arises that requires your attention, an audio alarm will reach you and then the decision to trade is yours.

You can either do all the trading in one time frame or set up the system for several signals in a day. The black dog system offers its support all along and you can get notifications and free updates through e-mail, on Skype and even your phone whichever suits you.

Click to read more about black dog trading system.

Will an Auto Forex Enterprise Work For Me?

By Max Branner

When I say auto forex enterprise, I'm referring to using forex automated trading software to do your trading for you. These programs have gotten a bad reputation in recent years which is ironic considering that now in 2008, 25% of all forex traders are using software and running an auto forex enterprise. This is up from the 18% of traders who were using it three years ago in 2005. The majority of panners of this technology have either gotten burned by one of the lemons in this niche and have grown cynical, or they've simply never tried it.

Well I have tried it, I've tried several programs. Enough to know that yes, some of these programs are downright crap. As the majority of these programs come with full money back guarantees, I indulged myself and tested quite a few. 15 in fact at the time of this article. I now enjoy a decent living from my auto forex enterprise, almost tripling my income in my first month of using it after running a manual campaign for nearly a year.

My favorite aspect of the software comes in the form of signal generation. This basically analyzes and studies trends and changes in the market to predict where it will go next so that you can trade accordingly and ahead of the curve. The most successful programs in this niche have the most accurate signal generators, and through constant updates they stay as up to date and precise as possible. I prefer this over studying it myself or using a forex analyst to do it for me as there is no risk of human error when using the program. I actually run my two favorite and most accurate generators against each other and take their mean which translates into an incredibly accurate system.

It's also nice to know that the program is constantly working for me around the clock which is a must in the forex market which keeps long hours. With stop loss and take profit protocols in the software, I have that added safety net so that I know I'll almost always be on the winning side of a trade and I can have peace of mind without having to keep a constant and vigilante watch over my campaign.

Since I began using my first forex automated trading software nearly a year ago, I have continued to test and review forex software as a sort of hobby at http://www.forexautotradingreviewed.com Please take these reviews with a grain of salt, I recommend that you test each of these products as I did using the 8 week return policy to find which works best for you. As always, happy trading.

Retire Early Using Forex

By Matt Marrow

How would you like to go on a romantic cruise with your spouse in Europe? What about skiing the Alps with the entire family? I hope you also could find time to play golf with your colleagues next week after your fishing trip with your buddies. Oh, and not to forget - your son is expecting you at his soccer game this Friday. Now, that is what we all can call living life to its fullest! That is what retiring early is all about.

If you're still stuck in the office with a desk full of paper work for the day while imagining what was written above this, then you must start taking some actions to improve your life. Maybe you could also start to look into other options that can give you what your mind is creatively spawning.

There are ways to earn money aside from your day job. You can keep the job if you want to but do check out the possibilities outside that are just waiting to be discovered by you. If you will let yourself be stuck where you are now, you will never come to that stage where you are retiring early. Go outside your cubicle and see what else is out there for you. Like foreign exchange trading for example.

International currencies fluctuate their values time and again based on a lot of economic, political, and social factors. This fluctuation in value is what makes exchanging these currencies one big momma for profits. The forex market is so huge that so many people from around the world can earn so much if they know how to play it well. There is also room for losses, so an investor should also be very careful in his strategies and decisions.

If you are up to it, you need to start reading up on the business and the market. What's good about this business is that you don't have to be a financial expert or a finance major graduate in order to succeed. You just need to be patient about learning everything you can while you're in business.

Keeping yourself educated on the ins and outs of the forex market will help you succeed. Be extra diligent in your Forex Education so you can gain the necessary tools and be properly equipped to start making money and start retiring early.

Technology has made it a lot easier for us in the forex trading. Robot traders or expert advisors (EA) can help the forex trader in his investments. An EA is a software application package that helps you trade the forex automatically using your computer and the Internet. Once you learn how to properly handle this technology, you will be able to trade nonstop and with higher probability for profits.

It will require you some time to get to know it and program it according to your trading style. It will also need to be monitored from time to time - but, unlike the boss who breathes at your neck every now and then for output, this is a happier place for you since you will be earning for yourself. Retiring early is possible now so that you can live your life the way you want it, and still earn big time.

See Matt Marrow at work: http://www.forexfun.net

Forex Trading Versus Your Job - It's About Time to Start Working For Yourself

By Matt Marrow

Nobody wants to be hard up at work all his life. With the pressure and stress that could put any strong man down at work, it is not surprising that every employee dreams of lesser pressure from the boss. If you can just take out the employer from the equation and just start working for yourself - that is a much more pleasant picture, would you say so?

Dreaming is a good way to start warming up. If you can dream the places you would like to go to you could motivate yourself to start getting there. Imagine - you have control of your time at work. You make the arrangements so that you are earning substantially and still be regularly present during important family activities. You spend more time with the spouse and the kids while your own business rolls. That is ideal - and possible.

If you have always been inclined to owning a business, it wouldn't be too difficult for you if you will push yourself to the idea. Check for opportunities you can grab which match your skills. While you're at it, take a peek into the forex trading and see if you can pull yourself together to attempt investing there.

Foreign exchange trading is the largest market in the world and it offers the greatest potential for insanely huge profits. Placed at two trillion dollars, the forex market equates to liquid cash that you can access 24 hours a day, 5 days a week. The best thing about it is you don't have to be a financial genius or have a doctorate in money matters in order to succeed.

If you want to start working for yourself, and stop producing money for others, you can start learning about forex trading. Although this market is lucrative, it is nowhere close to a sweepstake ticket for a one million win in a day. You have to exert a lot of time and effort too, but this time, you are working for yourself - and not for anybody else.

Nobody succeeds instantly at anything unless he has worked for it first. You should then educate yourself first on matters related to the forex business in order to be familiar with the important terminologies and concepts. Learning can be accomplished through reading too, and through keen observation. There are so many things you can read about online and through books. The newspaper is also a good source of update information but you will still have to dig up on the basic things so you can understand more.

Working for yourself is a great, big step in succeeding. The greatest motivation is to be able to reap all the benefits of your hard work so you can start to relax and retire early. You may have to spend some time during the early stages, but once you get the hang of it you will adjust accordingly. With the help of various tools and technologies that are now available, it will also be easier to start earning successfully via the forex trading market.

Matt Marrow is working towards killing his job by learning Forex at his favorite site: http://www.forexbrotherhood.net

Forex Tool Defies All Odds

By Matt Marrow

Foreign Exchange trading or Forex trading is the business of currency exchanges among countries. It is the biggest financial market in the world that is valued at two trillion dollars. Looking at how huge it is you might start to wonder if it could be a business for the big guys only. The answer is no - especially since there is forex auto trading.

Even budding entrepreneurs, students, or housewives can get in the game and have a chance to succeed. Forex auto trading involves Forex trading robots or expert advisors (EA), which automatically trades in behalf of its owner. These robot traders in Forex auto trading use mathematical algorithms in analyzing data fed into it. These EAs refer to the owner's set parameters in their search for short term trading opportunities in the world market. The minimum investment to start forex auto trading is around $10,000.

This amount is minimal compared to how much the owner can potentially earn if he uses the EA properly. The user can work on it alone or he can still make use of money manager to continuously monitor the transactions. Although many have been very skeptical about this when it first started, so many traders who used the technology has found that there are so many advantages when they us a forex auto trading robot:

• It works nonstop and feels no hunger and fatigue. It doesn't need to go to the john for a breather. It just keeps on working without complaining.
  
• Since it could compute fast, no human can match its output in terms of analyzed data. Since the forex market moves at a very fast pace, humans often find it difficult to cope. The EA has no problem since it is well equipped to tackle millisecond trading in a breeze.
  
• The EA sticks to the plan and the settings that were programmed by the owner initially. It is not fickle and has no qualms about going for something it has computed is safe and profitable.
  
• In forex auto trading, there is no human emotion that can affect the trading, The EA doesn't exhibit fear or greed.
  
• The robot trader is a dependable watchdog as it monitors charts that can signal its moves as it trades. This frees up the owner from being tied to the computer the whole time. His extra time can be spent on honing his skills and developing or improving his strategies in forex trading.
  
• The EA is an awesome multi-tasker since it can monitor many markets with so much ease at a short time. This gives the owner a lot of open opportunities he can study for his forex strategies.
  
• Developers constantly upgrade the forex auto trading software packages in order to match the continuously evolving market.
  
• There is no time zone issue when it comes to trading the forex using the robot traders since they can be up all day, all night with the same consistency and accuracy in trading
  
• The EA asks for now commissions for doing a good job.

This long list of advantages of forex auto trading is a proof that the forex market can be a great opportunity for everyone, not only the financial experts. Once you find the robot trader that matches your trading style, you can start using it to your advantage.

Matt Marrow's Favorite Site is http://www.forexbrotherhood.net

Forex Education Can Help You Swim

By Matt Marrow

You can't just jump into the deep, vast ocean if you don't know how to swim. That is the best analogy for somebody who is too eager to dive into forex trading without much know-how about the business yet. Forex education is necessary for those who want to enter the forex trading scene and succeed.

The appeal of the forex trading business is that it is highly liquid. Its greatest advantage is the huge potential for profits. For people who want to earn big money and think that forex trading is an easy way - they have to think again. In order to become successful in this business, you need a solid forex education to back you up.

Reading a few websites about forex or watching the news as they deliver the forex-related information are not enough. You need to know the terminologies, the processes, the tools conditions and methodologies. Many of those who have been successful have spent a great deal of time studying the market over the years. They have undergone tutorial sessions on forex. They plan their investments based on trends they have established watching the market. The best traders have learned over time how to see disaster and how to respond accordingly. These learned investors know how to profit big time, and how to minimize losses.

Forex education is key in making the soundest of decisions when it comes to forex trading. The market is open 24 hours a day, 5 days a week so there really is a lot of room for making money and a bigger room for losing it - unless you're already a smart investor.

The first step is always to know about the ABCs and 123s. Forex education is the foundation for every transaction you will make. When you lose some, you gain some experience and additional knowledge. Stock this information for future reference, so you would know better next time the same blow comes your way.

Most sessions involved in forex education are programmed to provide beginners and even the more experienced ones with all the tools necessary in buying and selling currencies. Charts, trending, analysis, and interpretation of data are also critical in making it through a forex market day.

Aside from the training sessions, you have to continuously update yourself by digging deeper into what you hear from the news, and what you read from the papers and books about forex. If you read up you will understand what's happening and what the factors that affect the prices are. Economic issues are the main catalysts in forex trading but there are other issues like political events, countrywide sentiments, new laws, natural disasters, and cyclical process in the finance market that affect a countries currency.

A person with a firm foundation on forex education is the likely candidate to reap substantial benefits. But, aside from his intellectual and logical take on things, he should also be emotionally balanced in all his forex investments. He should be able to use his forex education while checking and balancing it with his emotions. A good combination will certainly make one very successful and rich forex investor.

Matt Marrow Learns From The Best @ http://www.forexbrotherhood.net

Why Trading Without the Aid of a Pro is Forex Suicide

By Garima Bajoria

In dealing with forex, it is important that we be updated of the latest news and current affairs affecting the business. These are factors that affect the rate of exchanges of different currencies. This is why trading without the aid of a pro is forex suicide. This will provide us a paragon of what to do next in order to maximize the potential and opportunity presented by the latest changes in the market.

What can a pro in forex offer to us? It can give us valuable insights in the latest changes in the foreign exchange market; thus, giving us room to decide which one of these will give us profit. Moreover, it can also give us an idea where else we can invest our money using the least capital. It can also guide us in case we are stumped when faced with a dilemma how to wisely trade your money.

Although indeed, foreign exchange trading can be a hefty source of income, it is also known to have cost a lot of people losses amounting to millions of dollars. This happened because they didn't know why trading without a pro is forex suicide.

If you do not want to be among the losers in this kind of business, then you better get Forex Tracer and Forex Brotherhood to guide. In this automated forex trading software, you will be doing business as if you are being personally guided by a forex pro. Do not commit forex suicide by being in your own. Get Forex Tracer and Forex Brotherhood now.

I personally started out with this easy to use automated trading software named Forex-Brotherhood. 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. It is a great community where you can personally interact with the forex Expert and other members. 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 Brotherhood and other great Forex Trading software at http://revenueboosterz.com/forexsoftwarereview.html

Use Forex Funnel Automated System to Funnel Profit to Your Bank Account

By Garima Bajoria

There is a new way to trade nowadays. You can now use the forex funnel automated system to perform trade. You can now earn profit in your account without even physically doing the job. The software application does it for you. Traders can now transact business using autopilot mode.

The robot will do the trading for you. All you need to do is to input the necessary commands. In this way the software will be able to perform according to your specifications.

The system is so accurate. It can perform functions just like any other trading platform but without you in the picture. The program can run 24 hours a day, performing trade while you are out working. There is no need to worry about losing a huge sum.

The system is designed in a way that you could input the desired loss. In this way the robot will automatically stop if it reaches it loss point.

The automated funnel system also performs trade based on fact. It uses the historical data to make sound decisions. This would make it an effective tool to increase your profit. The robot could automatically buy and sell stocks for you in an efficient manner. This makes the flow of trade so efficient.

You would be surprised that your autopilot is actually better in making the best strategic decisions for you. The fast and accurate trade makes it a very formidable form of trading platform. You can be assured to increase your fortunes, increasing the profits in your account.

I personally started out with this remarkable and easy to use automated trading software named Forex-Funnel. 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 To know more about Forex trading and automated software click here Robotics Forex software Reviews

Online Forex Trading Business Tip - A Small But Wisely Invested Capital Goes a Long Way

By Dennis Skatt

The internet can help you become a successful foreign exchange trader and help you learn to spot and interpret the meanings behind fluctuations in the exchange rates.

Once you're confident that you're ready to put your money on the table, make sure that you don't make too big an investment at one time. Test the waters first. Begin trading by the strongest and most favored currencies before attempting to juggle multiple-currency portfolios. After you've mastered that ,you may move on to adding a few more currencies and some more and yet more - until you know the system like the back of your hand.

On the other hand, if you get stuck at a certain step, you can always find help online. There's even a forex software available that gives forex gains and losses computations and generates forex trend projections

For the new Forex trader, there are online tools that offer step by step guides on how to read and understand Forex quotes. Suggestions and tips are also available on which currencies are the strongest and most likely to give your investment a bigger profit. If you're still quite hesitant, there are websites which offer a forex trading trial software for 30 or 60 days, where you are taught the basics of forex trading without spending real money.

It would be ideal if you get a chance to experience live action first before starting your venture online. Like any other business, you would also require a bit of research before going into forex trading. After all, it may be online but you're putting on cold hard cash on the line.

It's really up to you. You may choose to learn the basics of forex trading on the live floor or via the internet. Either of the two will do, but trying to see the real thing at least once is highly recommended.

The experience would give you the real feel and excitement of foreign exchange market trading, at the same time appreciate the advantage of having online tools or software to assist you.

http://www.EarnMoneyAs123.com

Forex System - Practice Makes it Perfect

By Albert Schmidt

Most traders are looking for a perfect trading system. What I realized from my experience it is a trader himself who makes the system perfect. You see many people once they get a few losing trades start looking for another system. So they do not even give a chance to any trading system to show the result in a long run. I was one of such traders until I realize that practice on price historical data and practice on a demo account in real time can make a system a perfect one.

Why most trading systems work even if they have losing trades?

Any trading system will have losing trades. It's a numbers game. There is no Holy Grail that will give you only wining trades. The Holy Grail is in the mindset. So how do you acquire such mindset? I think only by practicing your trading system. If your system has a positive mathematical expectation it will eventually give you a steady gain of you capital in a long run. What most people don't realize is that once they switch the system or modify it they break the mathematical expectation. It becomes negative. No wonder it loses money.

What steps you need to take to make sure a system will make profit?

The first step is to test it. Test, test and test again. Do back testing on a large volume of historical data. Then forward test it on a demo account. By testing you are not only making sure your system has a positive edge. You are becoming an expert with your trading system. After such experience you will be able to identify trading opportunities presented by your system very easily. This ability alone will increase your profitability in trading.

So what is the perfect system?

You see the perfect system is not the one that gives 50% of return of your capital in a single trade. The perfect system for you will be the one that consistently increasing your account. Even if it's 1% a month if you are patient enough then the power of compounding will kick in and soon you will be able to take large profits of your trading.

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

Forex Day Trading - How to Become a Successful Trader

By Albert Schmidt

There are different type of traders and different styles of trading. Therefore they use different chart timeframes. Some traders may think that one chart timeframe can be more profitable than other. But it was not my experience. The timeframe does play importance with your trading schedule. Swing traders may use 4 hour or daily charts. Day traders usually use 15-minute chart. In this article I would like to focus more on day trading.

Usually full time traders are involved in Forex day trading. I believe the day trading style is the most stressful type of trading. You need to be in a grate control of your emotions to be able to watch price fluctuation. This is where most traders fail. It is really challenging to watch your trade unfold. We usually want the price go straight to the take-profit level. If your emotions fluctuate with the price it can be really exhausting to watch the price heading against your position. This are a few tips how you can confront that emotional roller coaster.

1. Test your trading system.

I am a strong believer in testing the system before trading it on a live account. Become an expert with your system. Back test it on a historical data at least 100 times and do the forward testing on demo account for at least another 100 times. Once you know your trading system in and out you know how it behaves you will be less susceptible to trading errors due to your emotions

2. Watch the charts before you enter the trade.

This advice really helped me when I was struggling with my emotions during the trade. In a day trading I usually watch the charts only until the trading setup is formed. After I take a trade I live it alone for it to hit take-profit or stop-loss. If you are not very experienced trader this advice can be the best one for you. Otherwise your emotions may force you to violate your rules from time to time.

3. Focus on long term results.

Most traders live and die on the result of a single trade. The result of a single trade actually means very little. You should be evaluating your results after a big number of trades. It is easy to do for a day traders since they may take a few trades a day. As opposed to a swing trader how may take only a few trades a week or even a month. So a day trading results can be evaluated at the end of the month since a day trader on average may take one trade per day and have around 20 trades at the end of the month. If you follow this advice you will have much more success in trading. Most traders after their system hits a few losses get discouraged and switch to another system not giving a chance to any system to accumulate necessary statistic data to evaluate it's results.

These are very simple steps to follow for Forex day trading method. If they are followed consistently they can dramatically increase your potential to succeed.

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

Breakout Method - How You Can Use it in Your Trading

By Albert Schmidt

Most new traders ask what is the best trading system to start with. I recommend starting with any system that based on a breakout method. Such systems are usually simple and anyone can easily identify a trading setup. This method suits any trading style. If you are a day trader you can use it and if you have only a limited amount of time each day to analyze your charts you can also use a breakout method.

1. Definition of a breakout method.

To have a breakout on the chart it is necessary to identify a range of price on the chart. Usually when price breaks above the range you go long. If it breaks down the range you go short. It was my experience that the narrower the range the trade is more profitable. There are different periods that give you a narrow range. For example almost all USD based pairs have a narrow range during the Asian session usually. Another way to identify the range is to use some type of indicator.

2. Trading rules for breakout method.

As I mentioned the rules are very simple. Once you identified the range you place buy order at the top of the range and sell order at the bottom of the range. The beauty of the systems based on breakout is that you don't have to be guessing where to put your stop losses. They are put at the opposite side of the range. So if your buy order at the top of the range the stop loss for that order will be at the bottom of the range. You can use this kind of system even if you trade part time. For example you can identify a range of Asian session before London open then set your orders and live it until the next day. If you are trading full time you can introduce more sophisticated ways of defining the breakout. You can take a trade only if a candle closes outside the range or you can enter a trade after a pullback.

3. Example of a Bollinger squeeze breakout system.

Bollinger breakout system is one of my favorite breakout systems. All you need to do is open your 15-minute chart and place Bollinger indicator. Now look for the time when Bollinger bands become horizontal and the distance between them becomes less than 10-15 pips. The longer such squeeze lasts the bigger the breakout you can expect. You want no less than 10 of 15-minute periods of a Bollinger squeeze. The smaller the price range the stronger the breakout the more profit you can get. Actually this was my experience with any breakout systems. So now place your buy stop at the upper band and sell order at the lower band. Place you stop-loss levels at the opposite bands. Usually with EURUSD I target at least 30 pips of profit. You can test and experiment with your own taking profit strategies.

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

From Zero to Hero - How I Found My Way to Financial Independence Trading Currencies - Part II

By William Alheim Jr

Then a revelation hits me one morning while I am reading the newspaper. I read a story about Japan's economy and realize that was why the trade I made two days ago went bad. This was my first big turning point and a huge tip for those of you that ever read this short story. My newspaper had it two days after it happened, which does not help me at all. I check the records on my demo account and I able to determine what time the story was released. Because the Yen, started to weaken although the trend line from the software informed me it should getting stronger.

Anybody that has read the paper knows that all of the newspapers subscribe to wire services like the AP or Reuters. I do a search for Reuters because I wanted to keep their site up all the time and watch the news in the business section as it came up. After a day or two of doing this I notice a button for a RSS feed. I did not have a clue what that was, but I put the mouse on it and click it anyway. Wow, the "Holy Grail" of information for FREE. I could not believe it. What a RSS feed is a system where you receive continues information for free at the same time it is going across the wires to the newspapers. They will send to your computer after you sign up for it. Not only that, I am able to subscribe to the channel I want. Just like a newspaper that has different sections, such as; local new, world new, business, or sports Reuters offers you the same thing in a channel. I sign up for the business RSS feed. Finally, now I am starting to get somewhere.

I feel a lot more confident now and it is back to the demo account, again! I am not going to invest any more money until I am sure I can make money. Now I have three screens up constantly, the demo account from the brokerage firm, the software which is based on currency trends and the Reuters RSS feed from the business section. I keep playing with it and now instead of losing a load of money I am only losing a small portion. I am getting closer to where I want to be. But I am still losing money and I need to know why this is happening? I am never going to get where I want to go, which is quitting my job and telling my boss to stuff it if I can't make money doing this.

Every time I go to bed I can't sleep because I am now obsessed with be able to make money trading currencies. I just keep thinking about why I can't make a profit at this. I finally decide to purchase a comprehensive currency training class online for a few hundred bucks. After all, I tell myself you can make that up in one trade. I take the class and I realize that all the free education I received from the brokerage firms, while it was great, I only received the equivalent of a high school degree in Forex trading and the online course really increased the level of training and I equated it to a college degree in currency trading.

Again, back to the demo account and I know now that I am going to start winning this time for sure. Finally I am able to start making real money, but no now I am just breaking even. WHY, WHY, WHY? I remember something they mentioned in the class quite a few times, "Trading Signals." The first software I bought was programmed around trends, it other words which way has a currency been moving. After I bought the first software and started looking around for free educational information I noticed there was other software programmed specifically for trading signals. A software based on trading signal system sends you a notice instantly as soon as it is aware of what has been programmed into the software as its basis for signals has changed. By now, that is it; I am going to win at this I don't care what I have to do. There goes another $100 bucks when I buy a piece of software for trading signals.

William R. Alheim, Jr., CPA, MA - Visit http://www.tradingforexreviews.com/ to learn more about this Forex brokers, systems and courses. Good Luck! I look forward to seeing you on the trading floor making money!

From Zero to Hero - How I Found My Way to Financial Independence Trading Currencies - Part I

By William Alheim Jr

It all started when I was doing nothing one night and I got on the internet looking around for anything interesting to read. Then I saw one of those little blue ads, which we all know now are from Google. That's how long I have been doing this; there wasn't even a Google then. So sad, not that there wasn't a Google, but how long I have been on the computer looking for something appealing to do!

The advertisement said something like; "How I Make $50,000 A Month." First, I thought it was a joke or just one more "Get Rich Quick Scream," but I clinked on it anyway. That was the start of this tremendous adventure that can tear your heart out at one moment and make you feel like you're the smartest person in the world five minutes latter.

The mouse click of the advertisement takes me to a site offering automated Forex Trading Systems for sale. I read their sales pitch and I will never forget what is said, "Just Turn Your Computer On and Plug in our System and go Play Golf and we will Make you Rich." It sounded great, but I knew there was no way I could buy a piece of software for $100 and it was going to make me rich. But, the supposedly intelligent fellow I am I did it anyway.

The first few days went great. I forget the actual amounts I made, but it was something between $100 and $150 a day for the first three days. Then day four came and I lost $500 which wiped out all of my winnings and put me in the red. Enough of this I said to myself, if I want to really make money I need to find out what I am doing. Then I started searching the internet for free currency trading training tools.

The entire time I was reading everything I could get my hands on in the back of my mind I never forgot that the software did do a few things great. One was that it collected huge amounts of data, which I could never have done myself. Second, it sorted through that data and provided me specific information based on its initial programming. Third, it allowed me to tweak the program for what I wanted to see and turn the automated trading off.

When I first start searching the internet for free information relating to Forex trading for profits I found out there is not very much of it. Then I hit the mother-load. I keep noticing during my search that all the brokerage firms offer you free a free education on currency trading and a free demo account when you fill out their application for an account. I tried the first one and I did not have to deposit any money to receive the free educational material as well as the demo account. I tried a second one, and then a third one and found out they all worked that way.

I signed up for four of them and read everything they had. By the time I got to the fourth one I realized I was not getting very much more new information. They were just rehashing what I read at the previous sites. But, at least now I know what I am doing, or I thought I did. The next thing I did was I starting messing around with the demo accounts. And the same thing would happen sooner or later. I would do fine for a while making money and then I would crash and burn going broke time after time.

William R. Alheim, Jr., CPA, MA - Visit http://www.tradingforexreviews.com/ to learn more about this Forex brokers, systems and courses. Good Luck! I look forward to seeing you on the trading floor making money!

Forex Autopilot - Does it Really Work?

By Peter Redfield

You might have heard about all the making money online craze.. there are literally hundreds of ways to make money online... some are downright scammy while others require a bit investment or time and/or money. If you're looking for a fast way to getting some extra income... Forex Autopilot is the closest thing to an automatic money spitting machine as you can get.

So what is Forex Autopilot and does it really do what it says? Forex trading has taken the internet world by storm - becoming increasingly popular now that the online foreign exchange market is open to anyone with an internet connection.

Forex Autopilot is created by Marcus Leary, a professional trader who has created the ultimate product that will run on autopilot for you. Obtaining a software like this will give you the edge over your competitors because unlike them you won't be required to keep watch at your monitor 24/7 to make the perfect trade.

It is completely easy to install and very newbie-friendly. You can be set up to go within hours and as a gift from Marcus and his team, you'll also receive amazing bonuses worth up to $500 dollars.

You are not required any previous knowledge to start trading but there is also a demo account included which you can practice on until you gain more confidence. To minimize the risk of losing money, the more time you spend to learn the instructional manuals included, the better you will be to making more money.

I have had very satisfactory results with the system so it's definitely worth looking into - why wait to start making money? Forex trading can be extremely fun and addicting, it's also one of the few systems that will start making you money straight away. Get ahead with Forex Autopilot right now! Fore further related products check out Forex Easy Profit.

Who is Jason Alan Jankovsky - Forex Brotherhood Host

By John Hurt

Jason Alan Jankovsky, forex guru and host of the latest, online forex tuition site, the Forex Brotherhood is a bit of an unknown when compared to the likes of Marcus Leary and Peter Bain. So who is he, what does he do and more importantly, what has Jason Alan Jankovsky done to warrant his post at the Forex Brotherhood?

The Forex Guru Started Here

Jankovsky started his career in 1986 trading corn before joining a commodity broker in 1987. A self-taught trader he didn't start his career with a 'golden handshake', fresh out of university - he grafted his way learning as he grew, sometimes the hard way, but then who better a coach for forex tuition that someone who has been there, done that, lost a lot, made a lot and can pass on experience no lecture will ever teach you?

In the late 1990s Jason moved from commodities and futures trading into the foreign currency markets looking to leverage what has become the worlds largest market with over $3.2 trillion changing hands each and everyday. Forex trading is the worlds, fastest growing market. Highly liquid nature and the flexibility that trading 24 hours a day can offer makes this a highly lucrative and attractive market for everyone, institutions through to private investors.

School of Hard Knocks

A huge fan of applied education (you'd be a fool not to be) Jason Alan Jankovsky has the perfect course in my experience. It is a means of learning as you go. Forget pure theory where hours of technical analysis get you bored, surely you'd rather watch live set-ups and see understand why the markets moved how they did and think about how they might move later today?

As a trader, author and market commentator, Jason Alan Jankovsky is perfectly positioned to provide eye opening, daily commentary on the forex markets and through his Forex Brotherhood course able to provide direct Forex tuition through his twice daily updates and participation in the VIP forum.

How Jason Alan Jankovsky Helps

Having listened on many an occasion to Jason's updates, this is a man motivated and he is a firm believer in shortening the learning curve. As a a regular guest speaker to private trading clubs (who have him visit again and again) this kind of daily insight into the mind of a real life forex guru and opportunity to see what makes a trader tick is invaluable. The best thing about him is that he 'shoots straight from the hip' with a no non-sense approach, if something's wrong, he'll tell you! When you've got thousands riding on your trades, would you rather someone told it 'how it is' or gave you a sugar coated answer?

Are you a serious forex enthusiast with markets on your mind?! Discover how you could kick start your trading career and get the best online forex tution from Jason Alan Jankovsky. Be a winner and CLICK HERE

Making Real Money From Forex Trading - Do You Need to Be Trading Full-Time?

By James Woolley

Profitable forex trading is something very few people manage to achieve. In fact it's estimated that 95% of people end up losing money from trading forex. However in this article I'm going to focus on the 5% of people who do manage to become successful forex traders.

A question many people ask themselves is whether they need to be trading full-time in order to make a successful living as a forex trader. Well the short answer, in my opinion, is no. In fact I would actively encourage people not to quit their day jobs in order to take up forex trading full-time.

Why? Well there are several reasons. Firstly you should ideally have a few years trading experience under your belt before you even think about going full-time. In this time you should have demonstrated an ability to generate consistent profits. You may have previously traded on a part-time basis knowing that you had a full-time income coming in from your main job, but nothing can prepare you for the pressures you face when your sole income depends on you making profits from your trading.

This pressure can be extremely intense and can even lead to rash trading decisions being made. For instance after a few losing trades have occurred it's not uncommon for traders to lose their rationality and chase their losses, which nearly always results in disaster.

Another reason why I don't recommend people try their hand at trading full-time is because it is definitely not for everyone. Trading the markets every day from your home computer can be a lonely and sometimes depressing experience. Sure you have forex forums and chatrooms but they are no substitute for real face-to-face interaction.

Finally I just don't think you necessarily need to be at your computer screen all day to make good money from forex trading. There are plenty of sound trading strategies which rely on daily or weekly charts, for instance, that can be traded quite easily using end of day data. All you do is analyse the markets at the end of the session and place your orders for the next day along with your limit and stop loss orders.

I myself consider myself to be a full-time trader yet for most of the day I'm working on my various websites and paying little attention to the markets. That's because my main trading system relies on the 4 hour charts so I only need to check occasionally to see if there are any good set-ups.

In general my advice to people thinking about taking up forex trading full-time is to put all your efforts into finding a solid part-time or longer-term trading strategy. This way you have the safety cushion of a full-time income and yet you can also make substantial gains from forex trading at the same time with a good solid trading strategy.

For reviews of profitable forex trading systems please click here to read about the 10 Minute Forex Wealth Builder and the Blade Forex Strategies.

Use the Best Online Forex Trading Platform For Greater Trading Profit

By Garima Bajoria

Having a trading platform is the most essential thing in starting off as a forex trader. These platforms enable forex newbies to practice their trading skills in real-time opportunities without risking a single dime. Trading platforms are made to help forex starters make better and smarter bets that are based entirely on strategy and not on emotions. Since emotions could often hinder a trader to make reasonable transactions, using trading platforms is an excellent way to start engaging in the forex trading market.

However, not all trading platforms provide the best training ground for a forex starter. In testing techniques and skills in trading, it is highly suggested to use the best online forex trading platform for greater trading profit. With sufficient experience acquired in trading demos done in online forex trading platforms, one would gain enough confidence to be able to engage in live trades in the real forex market.

Some of the best forex trading systems available in the market such as the Forex Tracer and the Forex Brotherhood use trading demos based on the best trading platform ever made. The MetaTrade 4 is currently the most popular trading platform in the forex world. This trading platform is not only best for first time traders but also for traders who have been around in the market for years.

Even the best traders in the planet could make use of this in order to devise a better trading system and gain greater amount of profit. So what better way for newbies to start than using this trading platform to practice their skills? The MetaTrade 4 platform and the software Forex Tracer and the Forex Brotherhood are all the tools they would ever need for a successful career in the forex market.

I personally started out with this remarkable and easy to use automated trading software named Forex-Brotherhood. 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 To know more about Forex trading and automated software click here Robotics Forex software Reviews.

Forex Robots Trading Platform Programs That Makes $2000 A Month

By Garima Bajoria

Being a successful trader in the business of Foreign exchange market, one may attribute its success to the in-depth knowledge of the trader in business and to a reliable Forex robot trading platform programs. This robot trading platform programs can be set up strategically for you to make more profits and lessen your chances of losing.

It is strategically planning your business plan so that this Forex trading robots can monitor the liquidity of the market and advice you when to take in the plunge of selling or buying according to the market analysis and charts that it acquired. These programs let you fully enjoy the freedom to trade and execute the selling or buying manually or in automated format. In this way you are able to trade round the clock, anytime and anywhere around the world.

In installing this Forex robot trading platform programs, you are able to perform and plan strategies that will be beneficial to your business and be able to program your robot to implement what you have learned and implement the strategies you have studied. In this case, you can be able to achieve your goals of earning as high as $2000 a month.

Just keep in mind that Forex is a continuous learning business, you can't just rely on your robot alone to do the math for you, you have to decide and be a proactive businessman, apply all what you have learned from other experts in this field and integrate it in your program so that you can achieve your goals of higher earning potentials.

I personally started out with this remarkable and easy to use automated trading software named Forex-Funnel. 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 To know more about Forex trading and automated software click here Robotics Forex software Reviews

Discover the Best Forex Robot Software to Flood Your Bank Accounts

By Garima Bajoria

Want to be in instant millionaire? Want to maximize your profit without sacrificing your social life? Want to double your earnings while you are in the comforts of your own home? Well, it is about time that you meet the best forex robot software to flood your bank accounts- the Forex Funnel.

Forex Funnel is a robot software specifically designed and engineered by the forex genius themselves to maximize your profit gain and ensure satisfactory results in a short period of time. The Forex Tracer is also made to autopilot and work round the clock as long as a good internet connection is available. The logic behind the robot software is that it performs functions surpassing human intelligence through a mathematically perfected program capable of monitoring and analyzing market trending, thus making the right transactions for you at the right time.

Many people are skeptic about investing in a forex robot software since they find it incomparable to a rational mind. But come to think of it, the robot could eliminate human error since it makes logical decisions through constant evaluation of the market. Through a robot software, you don't need to hire and consult someone who might just make wrong judgment and mislead you while you engulf in something out of your expertise. Also, unlike any other forex robots out there, the Forex Funnel has been tested overtime in different market conditions.

Still not convinced? Try out Forex Trader's risk free demo and learn to play how you could reap thousands of dollars in the real world without human intervention. Forex Trader offers a 60 day money-back guarantee should you find this program unsatisfactory. Don't miss the opportunity to be rich. With the best forex robot software, there is really nothing to lose.

I personally started out with this remarkable and easy to use automated trading software named Forex-Funnel. 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 To know more about Forex trading and automated software click here Robotics Forex software Reviews

Choosing The Best Forex Trading Software With Automated Buy

By Garima Bajoria

It is without any doubt that Forex is the most active and profitable business in the market today. It is a business that you can do all over the globe and where you can earn 24/7. It is the most lucrative business that anybody can delve into. And in order to monitor the Foreign Exchange market 24 hours a day, 7 days a week, you have to have reliable software that will help you in your business.

In choosing the best Forex trading software you have to choose the most secure and reliable software available in the market today. With the advent of the internet technology, there are tons of Forex software available and choosing one could be a very daunting experience. Here are some tips that could help ease up your search:

1.Look for software that will give you optimum security. It should be able to protect you with any unauthorized access.

2.An online support that is always there to assist you. This is very important because Forex is a 24-hour business venture and it is very necessary that the software provider has a 24-hour client support to attend to your needs.

3.It should have an automated trading program. It is very valuable that this is included in the software because this automated trading can be set according to your preferences to avoid losses or increase your profit.

4.Ease of use. Forex trading can be done in the comforts of your home or anywhere for that matter. And since majority of traders do their businesses at home, it is important that you can set up, operate, navigate and install the software. It is notable to try the demo mode first.

I personally started out with this remarkable and easy to use automated trading software named Forex-Funnel. 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 To know more about Forex trading and automated software click here Robotics Forex software Reviews

Best Forex Software For Consistent Profits

By Garima Bajoria

Millions participate in online forex trading daily that oftentimes, it is extremely difficult to find the match of several buyers and sellers. This is where banks and interactive forex brokers come in. While a bank is a financial institution that helps secure the hard-earned money of forex traders, a broker may be described as an individual or a firm that mediates transactions in the complex forex market. Also, they are employed and tasked to preserve the smooth trading process in the forex market twenty-four hours a day.

These banks and forex brokers are really useful in trading. Aside from the security these institutions give traders, the trouble of looking for possible profit-bringing trades is also eliminated with the help of these tools. However, not all banks and brokers are equipped with the right forex trading software that is efficient in trading. Others tend to generate losses more often than profits. The question here is which banks, brokers offer the best forex trading software?

To answer this, one should carefully analyze the features of the forex trading software that is being used by different banks and brokers. First, a software should have an autopilot system that enables traders to gain profit even when they are kilometers away from a computer screen. This feature is the most important of all because it allows traders to still continue with their full-time jobs and trade during their free time.

Also, it is essential for newbies to gain sufficient experience prior to actual trading. A forex trading software should be able to provide trading demos that would teach forex starters everything he needs before engaging in a live trade. All these and more could be found in Forex Tracer and Forex Brotherhood. Banks and brokers that declare to use these two software names are guaranteed to perform as well as they claim to do.

I personally started out with this remarkable and easy to use automated trading software named Forex-Brotherhood. 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 To know more about Forex trading and automated software click here Robotics Forex software Reviews

5 Benefits of Using Automatic Forex

By Evan Hiumawan

You might be curious and keep asking "why so many people successful in Forex trading, while some of them failed?"

Do not think too much of the possible reasons you could probably have. You can find the answer easily just by asking another question; "How do they do their Forex trading?" by this question, you'll get closer with the answer.

Actually, one significant thing that you should know is people who are success in Forex trading usually have their automatic Forex trader, where the others whose loose their money don't, and still doing the traditional way trading in the Forex market. Nowadays the technology helps people reach their dreams by gaining lots of money in Forex trading. Technology invented automatic Forex trading programs to make everyone who's interested in Forex trading have big probabilities to success.

Here are some reasons why you need automatic forex trader

1. It gives you free time

When you commit in doing a Forex trading, you need to spend most of your time to do analysis. To gain a high profit, you need to spend your whole days monitoring and concerning at every changes happen. As a human we cannot standby all the time only monitoring the Forex market. We must feel bored, stressful and it's tiring. You can save your time using the automatic Forex trader, enjoy and doing things you love while it works for you. It works in every second, even when you are sleeping. It specifies all the information needed, determines the task, and works for you.

2. Trades better than most of the traders

Automatic Forex trader makes more money, and it works better than other traditional Forex traders.

It has non- emotional factor as the most important thing that human can't do. Emotional factors are not involved in automatic Forex trader, while the other traditional Forex trader involving emotional factor. Even though they say they don't, but they can't deny that once the situation is heating up, emotion will be involved unconsciously. By their statistical calculations, it will help us to be discipline and still in control which results a better decision making and finally gaining more profit / can safe yourself from losing money.

3. Faster transaction

This tool does a faster transaction and more accurate than the manual trading. In the Forex market, we need to move and act fast due to a high volatility of the Forex movement. The speed of our movements determines how much profit we will make.

4. Required small capital

Forex used to be traded by banks and big corporations that had big capitals. But nowadays you also can trade in the Forex market. Even with your limited knowledge and experience in Forex, automatic Forex trader will guide you. You only need to do some little effort to understand the basics of Forex and know your Forex trading program (technical analysis, indicators meaning, etc). You only need to put very little capital to buy the automatic Forex Trader start from $97, and you can get until $500 to begin with into your live trading account.

5. Worldwide trade

With the automated Forex trader, we can trade worldwide. You realize it is a big scope, so it means that there are big probabilities for us to do many transactions and gain big profits. Worldwide gives you big chance to have larger possibilities to earn money! Just imagine, the transactions in the Forex market can exceed more than $ 3 trillion each day.

So, are you ready to start trading forex successfully? Check out here comparison of the best automated Forex trading software http://www.best-automated-forex-system.blogspot.com/

Trading Currency With High Tech Robots and Other Fairy Tales

By David Allen Jones

Today I am on a rant. I have come out of my seclusion and opened up to the Forex market and forums again. After a devastating injury and surgery I took up currency trading on a full time basis. Since I could only sit and stand for short periods of time I learned all I could about the different systems and automated systems for trading. I had studied the markets for years and kept up with current trading practices. So when I became disabled I was able to step up to the plate and start trading live. This was a really nerve wracking time me as it is for anyone who ever begins to trade currency live.

Now that my story is out of the way on with the rant. A friend of mine suggested I start selling what I know about forex trading. A subject about which I know a good deal and have made a good deal of money. He was interested in me writing him a book and him then selling it. We split the profits and live like an internet sales letter. I was a little bit disturbed at him because he know how much I studied and what it took me to trade during that time. He was always looking for a fast buck without much work. Forex Trading is not easy. It takes work, study and discipline to just keep your head afloat. The claims of automated overnight profits is overblown.

A really good trader may succeed with only 1 out of every 3 trades. It is his money management that allows him to prosper. In currency trading it is not how many trades you make or even how many trades you win. It is the amount of money you make or lose on each trade that counts. Even after almost 7 years I still trade mini-lots. That means that when I win it is usually in the range of $30 to $150 per trade. I make about 20 trades a month based on very specific criteria. That criteria stops me out of about half my trades with a small loss. Out of the other half usually 3 of them are breakeven and the rest are all profitable. In a good month I will make between $500 and $1500. I have made as much as $10,000 in one month and have lost as much as $8,000 in one month. Twice I have blown my entire account. Luckily a very wise man taught me about money management early on so that all my eggs were never in one basket.

So what really sets me off is all the junk articles I see that are nothing but shameless plugs for the next greatest piece of software or trading system. Almost everyone of them is just a rehash of a program or system that has been there forever. If you are new to the currency market. Visit us at Forex Trading Education We will try to guide you in the correct way to trade without trying to sell you anything. Yes there are ads on this website, but the ads only help to pay the bills so we can bring you new and fresh quality content. Please visit http://www.David-Jones.ws to view fresh new articles about trading currency. You will learn not be sold. Please enjoy the content and learn. I have been trading actively and will continue to trade. Most of the forums have begun sales pages for someone or something so I will continue provide information you can profit from

Trading Currencies in the Forex Market From Your Home Computer!

By D.S. Bragg

Ask yourself...are you a slave to your job? Feel you're just part of the miserable rank and file shackled to the "9 to 5" rut? Unhappy and dismayed by your lack of self power and control over your own life because you work for someone else? Then it's time to reclaim your freedom and be your own boss with a home-based income earner that is easy, fun and profitable. An exciting and profitable business opportunity that requires very little start up cost or overhead, requires no special knowledge or skills, and can easily be run from the comfort of your home. Sound good? Trading currencies in the forex market may be just what you're looking for!

...and an "expert advisor" software tool such as Forex Funnel, Forex Killer or Forex Autopilot is the perfect tool to do just that!

Let's explore this....

Currencies are bought and sold in what is called the forex. Forex stands for "Foreign Exchange" and is the largest and most liquid financial market in the world, open 24 hours a day everyday except weekends. The forex market is a completely computerized geographically dispersed "cyber" exchange, having no centralized exchange location. Because of this, and of the huge trading volume and large number of diverse participants, the forex is often referred to as the market closest to the ideal perfect competition. Expert advisor software such as The Forex Funnel is just the trading vehicle you need to become a profitable participant in this vast market! "Expert advisor", or "autopilot" trading software is software that trades securities or commodities completely on it's own, making all of the trading decisions for you without any human intervention. You essentially just "set it and forget it". In so doing, these expert advisors automatically, without emotion, take the human element out of the equation. Humans succumb to potentially detrimental emotions like fear and greed that can sabotage your decision making and subsequent trades. An expert advisor, or EA, alleviates this potential pitfall by objectively following a set plan from which it, unlike humans, never deviates. And that is exactly what expert advisors are - a "robot" with a set, precise plan to follow for you with fully automated trader rules and objectives. In fact, it's not a requirement that one have any Forex trading experience or knowledge whatsoever, nor invest a lot of time, work or research at all. The software, which is backed by mathematical algorithms and sound and proven trading strategies, takes care of the entire decision making and trading operation for you. It makes no difference if you know nothing at all about the forex market, because these forex autopilots do it all.

The Forex Funnel, for example, automatically creates and trades the forex market as it runs on autopilot on your computer, mining the winners and allowing you the free time to enjoy your life.

* A proven, thoroughly tested money making system averaging over $100,000 per year for 4 years

* Automatically trades USD/JPY and makes you money 24 hours a day on autopilot...just set and leave running. It takes the human elements of fear and error out of the mix

* Set up is quick and easy, taking about 10 minutes

* A system that can be used by anyone from beginner to experienced professional trader. Its simplicity and ease of use make it possible for anyone to profit in the forex market

* Minimal start up cost and no time input, making The Forex Funnel the perfect investment for anyone

* Designed to be successful in any market conditions and to generate steady, consistent profits with very little risk

* An affordable home based business opportunity that is immensely under priced

* Works with the popular MetaTrader 4 platform, which can be downloaded for free

* Determines your setup in the market and entry and exit points using advanced algorithms & stop loss rules

* Strategy of making lots of small trades with little risk (this is a big part of why The Forex Funnel is so much more consistently successful than the rest. Less Risk!)

* Learn the ropes on a demo account without risking any real money at all - can be tested without having to risk any trading capital!

* Comes with a full 60 day, no questions asked, money back guarantee!

Folks, its everyone's dream to quit there job, drive the flash cars and live in a big house, but only a select few will ever get close to it. Why is that? Why is it that while you are slaving away with the 9-5 others are out there are actually living the dream? The answer is knowledge. Knowledge is the key to success whether it be knowledge about medicine, engineering or any other walk of live, the people who are successful all have one thing in common - they have knowledge.

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Perfecting Your Trading System

By Albert Schmidt

When I began trading currencies I did not try to invent a wheel building my own trading system. I borrowed systems from other traders. I think for many of us trading systems come from someone else. That's why they need to be adjusted to our schedule and personality. How do you adjust a system to fit your trading style? The most important thing in this process is backtesting. You change one thing in the system and then you need to test the whole system. While backtesting you may come across some weaknesses of the system that you may want to fix.

While there is no universal cure for all trading system weaknesses you can still twist some features of the system to suit your personality in the most optimal way.

1. What kind of system?

First you need to define what kind of trading system are you using. Is this system based on breakout method or on a reversal pattern? Different systems will have different weaknesses you need to overcome.

2. Backtest your system.

The second step is to backtestiong your system. This step is very important since it will give you an idea on how profitable it is and also you will clearly see the weaknesses of the system. By backtesting you will find out if your trades get stopped out too often or they do not reach take-profit level and reverse etc.

3. Trading system problems.

It is important to note that there are some general differences of trading systems. If you backtest your system on over a 100 test trades you will notice that at least 10% of them will have a particular problem. Do not try to fix every problem in every test trade. You need to take large number of test trades before you start fixing any problem. Otherwise your results will be less than satisfactory. The next important thing is even if your trading system has more than 50% of imperfections but it is profitable over a large number of trades try not to change it. Oftentimes it's better to be content with imperfect but profitable trading system.

4. Fixing the problems.

What are some common problems you may encounter during the backtesting? Let's consider a trend following system. It may have a major problem of being stopped out too early in the trend. You can fix this problem in two ways. One is to redefine your stop-loss placing rules. Second is to introduce a reentry rule.

For the breakout systems the most common problem is that price reverses immediately after breakout. A potential cure for this kind of problem is to redefine the entry rules. You may set the rule to enter the market only after candle closes rather than entering immediately as price breaks out the range. Another option to consider is to look at a higher timeframe chart.

These are just a few tips how you can perfect your trading system.

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 system he successfully uses in his trades.

Forex Trading System - Following the Trend

By Albert Schmidt

You probably heard an expression "trend is your friend" in Forex trading. Indeed if you have any experience in trading you find out that trading along the trend is like swimming along the stream of a river. Trading against the trend is like swimming against the stream - you may move a little but get exhausted very fast and the river will take you back. I would like to discuss some trading rules for trend following systems as well as how to identify the trend.

Sometimes it can be surprisingly hard to identify the trend for a new trader. If you have a hard time of identifying a trend I have a very simple rule for you. Go to higher timeframe of your chart and place 21-period moving average indicator. If it point up you have an uptrend if it points down you have a downtrend. So for example if you trade on 15-minute chart then move up to 1-hour chart and place you indicator there. This is the easiest way to identify the trend. I know it is not perfect but it works for me better than any other sophisticated trend indicators.

Now if you have you moving average in horizontal position I would advise you to stay out of the market. When price is choppy and market is flat it is the sure fire way to lose money by getting stopped out too many times. On the other hand when you have a strong trend then taking profit becomes a breeze.

My favorite trend following system is based on a simple rule: "buy the dips in an uptrend and sell the rallies in a downtrend". Once I identify a strong trend I place the relative strength indicator (RSI) on my chart. It actually shows you the dips in the uptrend and rallies in the downtrend. Let's say you find out on 1-hour chart a strong trend upwards. You switch back to 15-minute chart and as soon as RSI touches level of 30% you have a dip in an uptrend and you buy the currency pair. For the strong downtrend as soon as RSI touches the level of 70% you have your rally and you should sell the pair.

Remember this rule works only for strong trends. It works for me when I see the moving average have a slope of at least 30-45 degrees. Another thing to consider is that you need some way to determine when the trend is over. It's not an easy task since all indicators are lugging in time. So usually in a strong trending market I have a few winning trades and as soon as a trade gets stopped out I know trend is changing or at least it's becoming weaker. So that's a sign to stop taking trades with this system.

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 system he successfully uses in his trades.

Forex Money Management in 3 Easy Steps

By Albert Schmidt

It is interesting to see how many traders are hunting for a great trading system but forget to implement a proper money management. I was amazed when I saw how a professional trader was making profit in a long run with a system I was failing to implement profitably. The key to his success was money management. It requires a discipline to stick to your money management rules. I would like to discuss some aspects of money management in Forex.

1. First rule of trading: always use stop-loss.

This is trading rule not as much as money management rule but you always need to use stop loss or otherwise you will lose a lot of money. But you need to use it wisely. First you need to backtest your system and find out what is the win-to-lose ratio of your system. Once you know it adjust your stops accordingly and do the backtesting again.

2. Find out mathematical expectation of the system.

Now it's time to find out mathematical expectation of your system. If it is positive you can trade it on your live account. If it's negative you may want to adjust the parameters of your system or change the system completely. Remember positive expectation does not guarantee the gains in the future but negative expectation will surely make you to lose money if you were to implement it on your account.

3. Calculate your risk.

Now once you know your stop-loss level for each trade and you know that expectation is positive it is time to calculate your risk per trade. Never risk more than 5% of your account per trade. If you have a big account it's better if you keep the risk as low as 1%. So how do you calculate your risk per trade? It's very simple. Let's say you are trading a system that has 50 pips stop loss. And you are trading an account of $10,000. Let's find out the size of your position for 1% risk of the account.

1% out of 10,000 is $100. So if a trade stopped out you want to lose no more than $100. Since your stop loss is 50 pips then the pip value will be $2 a pip. You need to take a trade with 0.2 of standard lot or 20,000 units. You can do it even with 1:2 leverage. Most brokers give you higher leverage.

As I mentioned before money management rules require discipline. It is very tempting to violate the rules of money management when you see a streak of winning trades. You may feel invincible with your system and take a much bigger risk in your next trade hoping to double your account. But the next trade may turn out to be a losing one.

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 he successfully uses in his trades.

Currency Trading - How to Develop Discipline

By Albert Schmidt

Many traders familiar with the situation when they exit a trade just to find out it would be a winner. Or they exit a losing trade to open a trade in an opposite direction just to lose twice. Some traders exit before getting the full amount of profit. Others wait too long for the losing trade to reverse and they lose quite a lot of money. I am the first one to admit that I made many such mistakes and many others in the past. What can help to avoid such mistakes is discipline. It is true that disciplined trader will succeed sooner or later while undisciplined will fail rather sooner than later. I would like to discuss the ways in which anyone could acquire greater discipline.

In my opinion once you acquire discipline there a lot of trading strategies you can use to your profit. Without the discipline no strategy will help you to succeed. You see the problem with the most trading strategies they assume that a trader has required discipline. I read books and went to the seminars on Forex. But I struggled to implement what I have learnt due to the lack of discipline. I was almost successful at what I was doing without being able to catch it. Are you familiar with such situation? When something goes very well I fail to keep applying consistent effort and things turn around. After talking to successful people I found out that discipline is not something they were born with. Actually lack of discipline is quite common problem. If you overcome it there is nothing will stand between you and realization of your dreams. So the key to a successful trading is not the perfect system it's a perfect discipline.

My definition of discipline is when a person is willing to dedicate all his effort to succeed in whatever he is doing. He is determined to do whatever it takes to implement what he has planned.

So how do you develop discipline? I have a few steps that can help you. First think of you successful accomplishments in the past. Every single one of us has had any kind of success. You need to recall how you felt back then, what did you do to accomplish that successful achievement. Now write down on paper whatever you wish to accomplish in what you do right now. Make a list on paper. Now right down everything you need to accomplish those goals. It may be something like getting up earlier every day, doing the testing of your strategy every day etc. Consistent effort applied with discipline will lead you to success.

Now many people can get discouraged saying something like "I am not a disciplined person at all". But none of us was born with a discipline. One thing I know for sure every single one of us was born with the potential to become a disciplined person. Nobody is asking you to become as disciplined as an army sergeant.

What you've been asked is to develop your discipline to your level of potential not to reach level of discipline of someone else. So discipline is a choice. If you want to become successful trader you need to make that choice.

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 he successfully uses in his trades.

Currency Trading - 3 Steps to Become a Successful Trader

By Albert Schmidt

When I first started trading currencies I was fascinated by seemingly simple way of making money in Forex. What can be hard about buying a pair when price goes up, when price goes down you sell. After I lost quite a bit of money I realized that I know nothing about trading and it's not that easy as it seemed to be. After quite a long time of struggle I learned to trade with consistent profit. If you are a beginner trader I would like to give you a few tips to avoid my mistakes and become profitable faster.

1. You need a trading plan.

If you want to succeed in anything you need to plan it ahead. Do not haphazardly jump into Forex market taking random trades. Having a plan does not guarantee you profit but it can help you avoid situations like losing your entire account. Take you time to plan carefully your trading. Do not feel like having a plan restricts your freedom in trading. You don't complain about the roads to restrict your freedom of going anywhere you want do you? So a well thought plan is your road to success in Forex trading. Your trading plan should contain 1) trading system, 2) your trading schedule, 3) money management rules.

2. Test your trading system.

Now it's hard to believe that so many traders skip this step of backtesting of their trading system. If you ask me what's the one most important step for a trader to trade currencies I would name the backtesting. You perform backtesting in order to find out if your system is profitable on historical price data. Once you have the rules of your system apply them to the data on the platform of your broker. You may argue that result of backtesting do not guarantee a good performance in the future. It's true and you read it in disclaimers saying, "Past performance is not indicative of future results". But if you find out that your system is not profitable on historical data then you would be wasting your time and money trading it in real time. So this step is one of the most important ones. Do not skip it.

3. Importance of money management.

If you study habits of successful traders you will find one common thing they have is a sound money management system. It is not how much profit you make in your trading matters. It is how you manage it. You may be making 50% gain of your capital in a few trades but if it follows with 51% loss then you are on your way to lose your account. On the other hand if you make even 1% gain in a few trades but your risk is limited well below your gains you will steadily grow your account. So I advise you to study everything that related to money management such as mathematical expectation of your trading system etc.

These are just a few steps you must take towards your success in trading. They do not guarantee your success but without them your will sure to fail in trading currencies.

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 he successfully uses in his trades.