Win at Currency Trading - Before You Trade Consider This Fact Or Lose!

By Sonia Kristina

Most forex traders lose and only around 5% win yet, many new traders think its easy to win and someone can give them success. If you want to win, answer the enclosed question correctly...

This question will determine whether you are likely to win or burn your cash quickly.

What is Your Trading Edge (defined) that means you can enter the elite 5% of winners?

Simple enough question - but I am shocked and amazed, at the answers I have been given at forex trading seminars, when I have asked it to pupils. Here are some common answers and there ALL Wrong.

- I bought a forex robot with a simulated track record

- I am trusting a guru to give me success

- I trade breaking news

- I have a system that predicts the market in advance

- I am day trading and scalping to keep risk low and profits high

- I am clever so bound to win

- I have a complicated trading system and its better than a simple one

- I work hard so my effort will be rewarded

- Buy low sell high is a great way to make money.

If you believe any of the above is an edge, your in for an equity wipe out.

A forex trading edge is something that is based on a logical assessment of how prices move and a simple robust currency trading strategy is applied with discipline.

If you want to win at currency trading, understand success comes from within - no one can give you success and you must have ultimate confidence in what your doing as you are going to need the discipline, to keep going when your losing until you ht a home run.

The Right Education and Mindset = Success

Forex trading looks easy and anyone can learn to do it, where most traders go wrong is - they believe myths and can never trade through a losing period, because they don't have confidence in their edge to deliver them long term gains and they throw in the towel early.

If you want to win at currency trading, you need an edge and the confidence and discipline to apply it - so get the right forex education and mindset and your all set for success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info on how to Win at Currency Trading visit our website at: http://www.learncurrencytradingonline.com

Mechanical Forex Trading Systems - If You Want to Win You Need to Avoid Curve Fitted Systems

By Samuel Leslie Berkovits

Mechanical forex trading systems and robots are sold heavily online and most lose, despite presenting track records of profits. Why do they fail? There curve fitted and you need to avoid systems that are, or you will lose your equity quickly...

So what is curve fitting?

It's when a systems rules are tested on historical data and then bent (curve fitted) to show a profit in hindsight. Of course, the same data sequence never occurs exactly again and the trader loses as the system collapses in real time.

Ever wonder why the track records on most forex robots look to good to be true?

The reason is there curve fitted in hindsight - if you look at the disclaimer, it will tell you it's a "hypothetical simulation"; Just check any mechanical forex trading system which promises you huge gains for hundred dollars or so and you will see the track record is a back test.

Back testing is easy!

The vendors simply keep bending and curve fitting the rules until they have a profit but this can be done by anyone - let's be clear if you know the price history, you I or anyone else can do it and be rich beyond our wildest dreams.

In the hard, real world of trading, there is no opportunity to curve fit and these systems get mashed.

Curve fitted simulations are easy to spot, JUST look for the following:

- Numerous rules and parameters and complex logic

- Different rules for different trading environments

- Different rules for different currency pairs

Generally a mechanical forex trading system should be simple - just a few rules, these rules should trade every currency pair in the same way and there should be no changes for different trading conditions.

Today, there is a huge industry telling you forex trading is easy, when it's obvious its not - that's why the rewards are so high.

The Good News!

Is that anyone can win with the right forex trading system and you can even get a free one which works. It's called the 4 week rule and we have written about it frequently. It's made countless traders millions over the last 25 years.

It's a simple one rule system, that's trades all markets in the same way; it's simple to understand and has timeless logic so check it out.

Simple and Robust Systems Work Best

Whether you buy a system or use a free one, always make sure the system is not curve fitted and that it's simple and robust. If you do, you will find the right mechanical forex trading system and enjoy currency trading success.

NEW! FREE PDF REPORTS CATCH THE BIG TRENDS NOW! FREE PROVEN TRADING SYSTEM Get free essential forex trading Pdf's and a FREE Forex Trading System visit our website for more essential wealth building info at: http://www.forextrendfollowing.com

Automated Forex Trading Systems - One of the Best is Free and Enclosed!

By Samuel Leslie Berkovits

If you want an automated forex trading system that works, you should look at the one enclosed which has been at the heart of many a great trading system over the last 25 years and made millions. Let's reveal the system, how and why it works...

Before we start lets make a general point in relation for forex trading software.

Automatic forex trading systems have a poor reputation overall, this is due to the numerous junk systems that are sold with made up track records which are simply paper back tests.

Of course they don't ever do the same gains in real time and the trader loses his money. The system enclosed however has been proven over the years and is still in use today and makes money.

The system is simple, it only consists of one rule and was devised back in the late seventies, by famous trader Richard Donchian, who noticed a cycle in the markets of four week trends and this cycle gives the system its name - The 4 Week Rule.

Here is the rule:

Buy a 4 week calendar high, hold an open position and then reverse it to a short, when a 4 week calendar low is hit. Wait for the next 4 week high, before reversing and going long and keep reversing as 4 week lows and highs are hit. The system always has an open position. While the system is simplicity itself, it's obvious why it works.

It's a simple, robust breakout strategy and it's a fact most currency trends start and continue from new lows or highs.

Currencies trend for long periods, this system will get you in and keep you in on every long term trend.

The system doesn't even need software; you can do the calculation in your head and its incredibly time efficient. The system also gives you a rule you follow and you don't need to make any judgements at all - you simply execute the trading signals and that's it.

It's a simple, automated forex trading system and it works.

Its downside (and all systems have one) is when markets don't trend strongly, it will incur drawdown and losses - but you can add another rule to smooth the fluctuations.

You can place a stop at a one or two week, high or low and then wait for the next four week signal to get back in.

Surprisingly, most traders won't even bother with the above system despite the fact its proven longer term to make money. The main reason is - they don't have the discipline to follow it.

It takes discipline to follow a long term system and most traders simply can't do it.

They prefer unproven, back tested robots with fancy names and big claims yet, a free system that could make them money they ignore!

If You are Interested in Profits Then...

If you are interested in making money and have a disciplined nature you will love the 4 Week Rule which is a mechanical trading system that works. Simple logic yes - but it's profitable and will continue to work, as long as markets trend.

Check out the system and you will see how effective and profitable it is.

NEW! FREE PDF REPORTS CATCH THE BIG TRENDS NOW! FREE PROVEN TRADING SYSTEM Get free essential forex trading Pdf's and a FREE Forex Robot visit our website for more essential wealth building info at: http://www.forextrendfollowing.com

Currency Exchange Trading - Understand These Key Points Before Trading Or Lose Your Money!

By Kelly Price

If you want to engage in currency exchange trading, you are probably aware that 95% of traders lose. They don't lose because they can't win but because they make fatal errors and there enclosed - you need to avoid them at all costs...

1. The Myth of the Forex Expert Advisor

Anyone can claim to be a forex expert advisor and many do, in fact the vast majority who claim there experts and can lead you to success will lead you to disaster. They present back tested simulations, as evidence of their skills but there nothing of the sort. All they prove is they can make a profit in hindsight whereas a child could do that.

You will see lots of forex robots and systems, all with simulations that have ever made money real time with hyped copy - pass them by! The only person who can give you success in forex trading is you and this requires learning and applying skills.

2. You Need to Lose to Win

Most traders are simply unprepared to lose but you must lose to win. The fact is even the best trading systems will lose for weeks on end and you must trade with discipline, through these periods until you hit a home run.

Don't believe anyone who tells you that you can earn a regular income or drawdowns can be avoided they can't. Sure you can win longer term and make a lot of money - but you must be prepared to lose in the short term.

3. Trade the Truth

To win you need to trade the reality of price change and forget about predicting the market. If you predict your hoping or guessing and that will lead you to a wipe out of equity.

Markets are an odds game - nothing more. You cannot trade with the certainty of knowing what will happen next, that's why you should trade the reality of price on a forex chart and not predict - that way you have the odds on your side and will win longer term.

4. The Simpler the Better

You don't need to work hard you need to work smart and that means a simple trading system - not a complicated one!

Currency trading exchange is simple, yet most traders think the harder they try and the clever their system, the more they will make - but your not judged on hard work or being clever, your judged on the money your trading signal makes and that's it.

Simple systems are more robust than complicated ones with fewer elements to break and that's why you should keep it simple.

5. Know Your Trading Edge

Most traders don't think about this but of course you need a trading edge and that is the reason your system will win when most others fail. A trading edge is something you understand, have confidence in and can apply with discipline. You need to have the right forex education and the mindset to apply it and I you do currency trading success can be yours.

Anyone can succeed at currency exchange trading and the difference between winners and losers is simply mindset. The forex trader is not beaten by the market, he is beaten by himself.

So if you want to win and enjoy currency trading success, get the right forex education, work smart and trade with a disciplined mindset and you could enter the elite 5% of forex traders, who make big consistent gains.

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 on Currency Exchange Trading Visit our website at: http://www.learncurrencytradingonline.com

Forex Charts - Learning the Basics and Trading For Success

By Kelly Price

Forex charts and technical analysis is time efficient, works and will continue to work and here we introduce you to the basics of forex charting and how to win...

Before we start, let's get rid of one of the big forex myths which is - forex charts can predict the future, they can't. That doesn't mean you cant win with them, you can and there huge advantage is:

Human nature is constant and while it cannot be predicted with scientific accuracy, human nature repeats and greed the greed and fear of the participants is reflected in chart action. You can then trade the reality of price change for profit and if you employ robust forex management, you can run your profits and cut your losses.

Forex charts work because price trends are always present and always will be. These trends last for weeks, months or years. By locking into these price trends, you can make big profits. If you are wrong, you simply cut your profits quickly.

The basic logic of technical analysis is:

- Human psychology is constant and shows up in high odds chart formations

- Trends develop and persist

- A trend in motion is more likely to continue than reverse.

Profiting From Forex Charts

Look at any forex chart and you will see this to be true, so how do you turn this theory into profit?

The best way to trade is to look for longer term trends and use a breakout methodology as the basis of your forex trading strategy:

The fact is most trends start and continue from new market highs or lows that's why you don't need to predict you just go with these breakouts.

Most traders cannot do this and think they can buy exact tops and bottoms, when of course they cant. They think they have missed a bit of the move when prices break and wait for the pullback. Of course, the pullback doesn't come and they watch the trend go into the distance, piling up thousands in profit and their not in!

If you trade the reality of price change at these breakouts, the odds are on your side and you can win. We have discussed forex breakout systems in other articles so look them up - but lets make one point clear in this article which is the key to Forex success:

Any forex trading system you use should be simple!

Many traders think the more complex their system the better but this is another forex myth. Complicated systems have to many elements to break whereas a simple one is more robust in the brutal world of trading.

A simple forex trading system based on breakouts and applied with discipline can make you a lot of money over time.

The Way to Enjoy Currency Trading Success is:

Forex markets are a lot simpler than many people believe and you don't need to be clever or complicated to win.

All you need is a simple robust strategy and the discipline to apply it and you could soon be making big profits, from forex technical analysis, in around 30 minutes a day. Discover the power of forex charts and you maybe glad you did.

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 on The Basics of Forex Charting visit our website at: http://www.learncurrencytradingonline.com

Can Forex Trading Work For You in Harsh Economic Times?

By Andres Munoz

In this current environment we are witnessing the melt down of Wall Street, further decline of the US dollar and loss of faith in US financial institutions around the world.

It's very clear we are in a recession and have been for some time despite what the current administration wanted you to think and the beloved US dollar has been losing its value in the face of extreme deficit spending. The positive talk from our current administration is intended to maintain foreign confidence in the U.S. economy and keep them investing however that is quickly changing.

Further evidence of the decline of the dollar is listening to the complaints of American travelers to Europe as they exchange their dollars for less and less. If you want immediate evidence simply go to the market and look at the price of milk, eggs and other foods and it becomes clear we have inflation.

At present time the US Federal Reserve is facing intense pressure to find a solution to the credit crisis in the hopes of supporting the US dollar.

With the exception of the UK the situation in Europe isn't that bad for the moment. Primarily due to the connection of the housing market and the financial system is less pronounced, and secondly because the banks are not as highly leveraged and less dependent on money markets than their US counterparts. However this does not mean that Europe is in the clear, not by a long shot.

Despite the aftermath of this epic credit bubble finally imploding and the dollar declining there are Forex traders taking advantage of this situation and betting successfully on other currencies. There are several Forex traders successfully making a few thousand to several thousand dollars a day watching the marketing swings.

The reason being is that with uncertainty that the dollar may crash in the US there are many investors looking to invest in other currencies and commodities to hedge against inflation simply to protect their assets.

A primary reason why more and more investors are looking into the Forex market is that it never sleeps. The Forex market is a 24 hour and day market. You do not need to wait for the market to open and you can always response to World's latest movement and news immediately. Secondly when the U.S. Dollar is gaining strength you can profit. When the U.S. dollar is losing value you can profit just as easily. The ability to earn a profit in the Forex market is not affected.

Additionally with this flexibility you can work on your trading during your free time starting small as a part time trader or going full time into FX trading. However with the influx of new Forex traders also comes a downside. An estimated 7 out of 10 traders keep losing money in Forex market that is nearly 70% of Forex traders keep losing their hard-earned money in the market while the rest of the 30% work at home.

The difference between that 30% making money is that they have refined their Forex trading skills and locked into an excellent Forex trading system. To become successful you must be able to pick a trading system that is easy to learn and manage. You must focus on those tools that will lead to your success.

Remember no matter how the market is turning for better or for worse you can still earn a profit and make a living part time or full time.

If you have been trading Forex for a while or thinking of trading Forex these trading systems will come a long way to help master Forex like a Pro! Andres Munoz is the owner of http://www.the-forex-review.com/ Grab your FREE copy of Power Band and discover this unique system to catch the Forex market swings with ease!

Why You Shouldn't Think Twice About Forex Demo Trading

By Max Branner

Forex demo trading is undoubtedly the best way to get started in this market. It affords you the rare opportunity of trading in the market without having to risk your money to do so. You can trade as much or as long as you want without ever having to invest a dime. This affords you the opportunity to make the learning mistakes which you would only be comfortable making without using your money.

It's advisable to spend at least two months in preparation before you make the transition into the real thing. Beyond this being a long set period of time to gain experience within, two months is also an adequate crop slice of the market in terms of analyzing changes and trends. You should ideally have several successful trades under your belt before you finally transition.

Forex demo trading is also a great way to learn new automated forex trading software. Trading software has proved to be more accurate and reliable than trading manually or leaving it in the hands of a broker. Many traders swear by the accuracy and precision of the top programs on the market and if you're looking for the best information affecting your trading, there is no substitute for automated forex trading software.

You can learn this first hand through forex demo trading with no risk. The reputable and consequently best forex software on the market offer 8 week trial and full refund periods so that you can test the program. Using free forex demo trading accounts affords you the opportunity to test and get to know whichever program you test without having to risk any of your money. This is honestly the best way to enter the market or step up your current forex campaign.

If you're interested in earning some reliable and guaranteed income, visit http://www.forexautotradingreviewed.com and begin to carve out your niche to financial independence today.

3 Secrets to Picking Out a Winning Forex Auto Trading Program

By Max Branner

It's no secret that forex auto trading can make your life a great deal easier and more profitable, depending on what sort of software you go for. Today it's estimated that 25% of all forex traders are using some sort of software in conjunction with their trading. When picking out automated forex trading software, start with these three points.

Know Your Needs - Some forex auto trading programs focus on accuracy whereas others focus on running most or all of your campaign for you. If you're looking to stay largely in complete control of your campaign but want a more profitable way to trade, you should think about signal trading software specifically. If you are looking for something which will trade largely independently of you, there are a number of programs to adequately fill these needs, as well. Regardless, the point is to first decide what your needs are and to go from there.

Customer Service - If you ever have any issues with your automated forex trading software, you'll want to know that the publisher will handle said issues quickly and effectively. Most publishers have response time of within 24 hours. If they have no phone support, send an email to the publisher and gauge their response time.

Interface - Look for a simple but professional looking interface. User friendliness is a major plus in a program that you'll be using on a daily basis. Typically when a program comes with a lot of bells and whistles it's usually just to disguise a weak program. Depending on what you're looking for, make sure the program has basics like stop loss and take profit protocols or one of the better signal generators if you're looking for strictly accuracy. Reviews can typically point you in the right direction here.

If you are interested in reliable and more secure and guaranteed income, visit http://www.forexautotradingreviewed.com for in depth reviews of the leading automated forex trading software available and carve out your own niche towards financial independence today.