Forex Autocash Robot Review - How to Do Forex Trading Automatically?

By William Barnes

Do you wish to know how to do Forex trading automatically with the Forex Autocash Robot? Having used this robot software myself, I know how easily it is to use it and I am sure that even a complete beginner who has no experience trading the currency market will be able to use it successfully. This latest Forex trading robot release is already helping thousands of users make passive income without having to do anything except leave the robot running on their trading platform.

1. What Is The Forex Autocash Robot Able To Do?

It is able to open and close trades for you automatically based on its internally programmed trading system. When there are no trades open, it will monitor the market for profit opportunities. In short, it is able to do everything that a human Forex trader can do automatically. As the owner of the robot, this means that I can make money automatically while the robot does all the work for me.

2. How I Started Using the Forex Autocash Robot

This robot can be downloaded and installed within minutes into either a live account or demo account. I chose to use it on a demo account for 1 week first since I never trust any new trading system until I have achieved some profits with it. You should definitely start on a demo account if you have not had any experience with Forex trading.

3. Can You Really Make Money On Autopilot With The Forex Autocash Robot?

The profitability of the trading robot that you use depends entirely on the trading system that has been programmed into it. Having used the Forex Autocash Robot, I know that it is a slow, steady and reliable robot. It aims to make a small profit in every trade while keeping its trading at minimum risk with its trading system rules.

Is Forex Autocash Robot a scam? Visit http://www.top-review.org/forexautocashrobot.htm to read a FREE report about this Breakthrough Forex Software!

How to Use Automatic Forex Trading Software to Reap Consistent Profits

By Sean Bailey

Forex trading has became very popular in recent years bringing in investors from all over the globe to participate. Due to this, automatic forex trading software was created to help cover the many gaps in the market due to cultural differences while at the same time, being available to small and medium market investors as well as the larger investors such as banks and corporations.

The Foreign Exchange Market is simply a trade of one country's currency for another's. Because this trade happens very quickly in tenths and hundredths of seconds, with transactions involving billions of dollars, the forex market is one of the most popular and active markets to ever exist. Automatic forex trading software offers constant monitoring of the forex market through innovative technology to help investors keep pace with such an ever changing trade. Because the market operates worldwide, 24/7, the potential for major losses and the opportunity for major gains exist for every investor. The automatic forex trading software allows users to select a currency pair, asking price and selling price then does the work for you. This also means being an expert in the forex market is not necessary; anyone can do it because the software does the work.

Once familiar with automatic forex trading software, investors can progress to manage multiple accounts simultaneously, which is difficult to achieve in manual trading. There are many different types of automatic forex trading software available so half of the battle is simply choosing the right platform for your personal needs. Once you have decided on either web-based or computer-based software you can begin your forex journey with confidence using a demo account without real money. Once you are comfortable with the software you can then upgrade to a real account and being trading.

Regardless of which software you choose, if you are serious about maximizing your profits through leverage, it is highly recommended to use a Automatic Forex Trading Software to help you achieve that. However not all softwares are equal. The best way to get started is to read Forex Robots reviews. For a list of reviews, CLICK HERE

Forex Prediction Software Can Help You Seize More Profits

By Sean Bailey

To be on your toes as a foreign exchange market trader will help investors as they work through the maze of a quick-pace, fluctuating, and exhilarating market. Because of the market constantly fluctuating in any direction it chooses, whenever it chooses, experts have designed forex prediction software to help investors make the right decisions to help minimize losses and maximize profits.

Forex prediction software is comprised of mathematical algorithms for production and daily charts of every direction the market might take. The software analyzes market patterns from data collected over a period of time and then optimizes system parameters so trading predictions are as close to accurate as possible. Typically, forex prediction software predicts approximately six hours ahead with periodic updates. However, the most important aspect of this software is that it has the ability to recognize and identify the important changes in the market within 24 hours. After building your own model of the software you can then begin back tests of your trading system before you enter the market with real money. You can simply enter online results and the software will find the markets latest trends. The software usually use one hour moves to short and long positions can be determined. When using the last hour, the software can predict the highest, lowest or closest points.

Forex Prediction Software also keeps a check on dynamic parameters that might influence the market. Keep in mind, however, that software should also be used with other tools and should not be relied upon alone. Time and experience will lessen your need for forex prediction software however, it may still be called upon as a useful tool in your investing trade. With forex prediction software, you can be aware of the most probable direction the market will take.

Regardless of which software you choose, if you are serious about maximizing your profits through leverage, it is highly recommended to use a Forex Prediction Software to help you achieve that. However not all software are equal. The best way to get started is to read Forex Robots reviews. For a list of reviews, CLICK HERE

Forex Day Trading and Scalping - A Sure Fire Way to Lose Quickly!

By Samuel Leslie Berkovits

Forex day trading and scalping is promoted heavily online and the objective is to -keep losses small and earn a regular income. This is the dream the reality is a swift wipe out of equity for the reason that is enclosed.

Ask yourself this simple question:

There are millions of traders all over the world and there all using different Forex trading strategies, all have different aims, skill levels and are influenced by their emotions, so how do you decide what this mass of people are going to do, in a few hours or minutes?

The answer is of course, you can't! its rubbish to say you can and the facts simply do not support this view. All volatility in these short time frames is totally random, so you can't use support and resistance levels, can't get the odds in your favour and sooner or later, you are going to lose all your money.

Ok you maybe saying but I have seen the track records of Forex day trading systems sold by vendors and they show a profit. Sure they do - but check the disclaimer and risk warning and you will see there not based on real time trading, there simply a back test over historical data.

Making money in a back testing scenario is easy - but you don't get to know the closing prices when you trade for real and this is the real world.

Vendors who back test systems, can show anything and they do, to sell their systems.

If you really want to make money, forget forex scalping or day trading systems and trade longer time frames where, you can get the odds on your side.

Get the right Forex education and learn to Forex trend follow.

Look at any Forex chart and you will see trends that last for weeks, months or years and you should base your Forex strategy around catching them and turning them into profit.

So forget short term trading and get the odds on your side, by catching the big profits from the big moves and you can enjoy Forex trading success.

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

Best Forex Trading Indicators - 4 Simple Effective Ones For Bigger Profits

By Samuel Leslie Berkovits

Here we will look at some of the best Forex Trading indicators and how you can combine them into a simple robust Forex trading strategy for long term gains.

No single Forex trading indicator works all the time by itself and the way you combine them is essential. Many traders make the mistake of the thinking the more indicators they combine the better - Wrong!

If you do this the system has too many elements to break; you only need a few and your Forex trading system will be simple and robust in the face of ever changing prices.

Right lets build our Forex trading system and look at some of the best Forex trading indicators to help you build a trend following Forex trading system.

First Identify the Trend.

This is obvious by looking at a bar chart but you also want to use moving averages as well. Simple moving averages are great in terms of smoothing out the fluctuations and two great periods to use are first, the 40 day MA to identify the long term trend. Secondly, use the 20 day MA to buy and sell back to in a strong trend and you will find this moving average is excellent for getting in on a trend in motion, with optimium risk / reward.

Spotting the Set Ups

We don't have time to cover this in detail here but there are a couple of points that are the key to maximizing profits. Firstly, be patient and only trade high odds set ups and secondly, make sure you trade breaks to new highs and lows all the big trends start and continue from them so you need to trade them.

Bollinger Bands - Check Volatility and Standard Deviation

Ask most traders what standard deviation of price is and you will probably get a blank look but an understanding of standard deviation of price and volatility is something that all forex traders need to know about and if you don't, make part of your forex education and learn about Bollinger Bands.

Bollinger Bands are not used to for market timing - but give you an all round view of volatility price and when you understand this concept, Bollinger Bands can help you in 3 ways:

They can alert you to potential big moves, help set targets and spot market value and entry levels.

Best Forex Trading Indicators for Confirming

When you spot a potential opportunity, you need to confirm the move and make sure price momentum is going the way you wish to trade. There are plenty of momentum indicators but for the last 25 Years I have found the following two the best. There easy to learn and apply, lets take a quick look at them.

The Relative Strength Index (RSI)

A great leading indicator to time your trading signals with. If the RSI supports your view of the market you can use it in strong trends - or when it diverges from the prevailing trend ( from over bought or over sold) to enter trades against the prevailing trend.

The Stochastic Indicator

The best Forex trading indicator of all for better market timing and when combined with the RSI you have a dynamite combination. The stochastic is a simple indicator but is the ultimate timing tool for timing trading signals in my view. If you use stochastic crossovers to confirm your move, you will get the odds on your side. It's also very effective for timing contrary positions. A stochastic cross, from over bought or oversold levels, against the trend is a highly effective way of getting in on the big contrary trades.

Simple and Effective

There are other great indicators around such as the ADX indicator, MACD and many others but as a blend the above 4 indicators with a bar chart are my best forex trading indicators for profit and they have served me well over the last 25 years.

The indicators are easy to learn, apply and if blended correctly, can add a new dimension to your forex trading strategy.

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

Automated Forex Trading System - Most Lose Money - Check This Key Point to Find the Winners!

By Samuel Leslie Berkovits

Enclosed you will find a simple point to check which will help you avoid the vast majority of automated Forex trading systems which lose money. Most traders don't look at this key point and end up losing their money, let's take a look at it...

The key point to look for with automated Forex trading systems is:

Is the track record real money or just a simulated back test on paper?

Now you would have thought that if you see a record claiming profits it would be real money in the market but go to the bottom of most of the systems sold online and you will see the words "simulated in Hindsight" and "hypothetical" in the disclaimer.

Now it's pretty obvious anyone can make a track record look good, when they have all the facts to hand, anyone can make money if they have tomorrows closing price today but that's not real life. Many of the Forex trading systems have track records that are better than the world's top fund managers and you can buy them for $100 or so!

If it looks to good to be true it is and you don't get financial freedom for $100.00.

Most vendors simply bend there system rules to the data to show a profit backwards and of course, when the user trades forwards it's a lot harder and you cant bend the rules and the trader swiftly loses his money.

If you want to use a Forex trading system make sure it has a track record of real gains.

When you do find a trading system you then need to check the following

1. Check the logic and make sue you agree with it and have confidence in it so you can follow your system with discipline.

2. Check the track record and assume you started trading on the worst day and see how big the peak to valley drawdown is and how long it takes to make new peak in equity. Ask yourself can I stand that loss?

3. How long does the system take to operate? Make sure you have the time and you can execute the trading signals as the vendor recommends

4. Look for unlimited support and a good way to check how good it is - is simply to ask some question before you buy and see how quick the response is and how detailed.

Buying automated Forex trading systems is really common sense and you need to cut through the hype, to get rid of the junk ones.

There are some good solid trading systems out there though with real track records and if find the right one and incorporate it in your Forex trading strategy you will enhance your long term profitability.

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

Automated Forex Trading Systems - Searching For the Best Profit Earner

By Pierre Manningham

Forex can actually give you a legitimate income, since there are an estimated 3.2 trillion dollars traded through Forex every single day, can you imagine the possibility with you and your financial future using this awesome opportunity?

Forex is quickly becoming many people's escape from their day jobs. To put it simply, Forex is extremely lucrative and can give you big profits. Beware, with opportunity also comes scams, and Forex is covered with systems that ask for thousands of dollars and promise you the world.

Sometimes the truth is hidden, and you have to sift through the internet to find the best Forex systems and advice in order to succeed - so the simple question is, how do you succeed and start seeing auto-pilot Forex profits?

There are several things you want to do before you go about finding the best Forex trading system for you!

Read Scam Reports

When you search any Forex product, you may want to join a "scam" community committed to spotting scams online. There are tons of scams, and with that there are many scam communities online that will warn you about false money making schemes and legitimate ones!

So be sure to type in that product, and if you are not sure, "type in the product name + scam" and see what comes up using one of the major search engines around and about the internet. It's an amazing opportunity that you should embrace immediately!

See if it's Been Traded

You actually want to see if the automatic system itself has been tried and tested. One thing you may want to do is to see if the seller or distributor of the product reports results were "simulated" or "estimated" in any kind of way. As we all know, online simulations can be extremely true, or on the flipside - extremely illegitimate.

You want to find a product that people have already used on a consistent basis and have given ordinary people such as you and I the ability to make a legitimate online income using their automated system!

Using Your Own Personal Logic

Most of the time, your own personal logic will do just fine. You will quickly find out using your own personal logic if this product is reliable or not. Does it live up to the hype? Did they put enough detail in their sales-page or is it just something cheap?

Do they tell you how it works? Have you found an unbiased review that can vouch for the claims of the specified product, if so, you may have found yourself a legitimate product to automatically trade on Forex for profit!

Achieve $1,000's in Auto-Pilot Forex Profits All Day Every-Day. Earning consistent profits through Forex while you are at your computer or away is a possibility with the Forex Tracer Auto-Pilot System. Complete beginners will have the ability to earn without any knowledge of how Forex works! For more information, visit: http://forextracerauto.blogspot.com/

Forex Deals Revealed - Finally

By Orlando Elliott Thompson

More than 95% of all forex trading today is for speculative reasons (e.g. to make a profit from currency movements). The remaining 5% goes to hedging and other activities.

Forex trades (trading onboard internet platforms) are non-delivery trades: currencies are not physically traded, but rather there are currency contracts which are agreed upon and performed. Investors to such deals or contract undertake to fulfill their obligations agreed upon: one side undertakes to sell the amount specified, and the other undertakes to buy it. As mentioned, over 95% of the market activity is for speculative purposes, so there is no intention on either side to actually perform the contract (the physical delivery of the currencies). Therefore, the contract or Forex Deal ends by the offsetting it against an opposite position, ending in the profiting and or loss involved in the deal.

Components of a Forex deal

A Forex deal is a contract agreed upon between the trader and the market- maker (i.e. the Trading Platform). The contract is comprised of the following components:

The currency pairs (which currency to buy; which currency to sell)

The principal amount (or "face", or "nominal": the amount of currency involved in the deal)

The Rate (agreed rate of the actual exchange)

The frame is also a factor in some deals, but this article focuses on Day-Trading (similar to "Spot" or "Current Time" trading) in which deals have a lifespan of no more than a full day. Therefore the time does not matter in this situation. Note however, that deals can be renewed or (rolled-over) to the next day

The Forex deal, in this context, is therefore an obligation to buy and sell a specific amount of a particular pair of currencies at a pre-determined rate.

Forex trading is always done in pairs of currency. For example, imagine that the exchange rate of EUR/USD (euros to US dollars) on a certain day is 1.5000 (this number is also referred to as a "spot rate", or just a "rate". If an investor had brought 1,000 euros on that date, he would have paid 1,500.00 US dollars. If one year later, the Forex rate was 1.5100, the value of the eruo has increased in relation to the US dollar. The investor would then have USD 10.00 more than when they started a year earlier.

However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. You must find that the (RIO) should be compares to the return on a risk. US governement bonds are considered the most risk free i.e. the US government is not likely to go bankrupt, or be unable or unwilling to pay its debts.

Trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does profit. An open trade (also called an "open position") is one in which a trader has bought or sold a particular currency pair, and has not yet sold or bought back the equivalent amount to complete the deal.

It is estimated that around 95% of the FX market is speculative. The movement of that particular currency pair.

Orlando Thompson Frequently writes articles on Forex and other related topics Visit Forex Trading System Copyright (c) 2008 Orlando Thompson

Professional Forex Trading - The Insider So Called Secrets How the Pros Make Consistent Profits

By Nigel Banks

I am going to be up front with you and say that in Forex trading - as in most things in life - there really are no secrets. I know that may sound boring, but it is true.

If you want something startling and "NEW" please point your browser to Amazon and buy the latest book on Forex trading. As for the rest who know better please read on and see what the real secrets are to Trading The Forex Like A Pro

Success Secret #1: Can I Get A Little Understanding...

The first thing you should strive to achieve is a solid grasp of how the markets work and why they move. This is the basics of being able to make intelligent trading decisions.

It is this intrinsic understanding of market forces and construction that allow you to visualize the entire problem and make a decisive conclusion. It is why doctors spend a majority of medical school learning biology and the construction of the body so that they can visualize the "why" behind the symptom.

Spend your time wisely and learn how this whole thing works.

Success Secret #2: Pick A Philosophy and Stick With It...

Once you have a grasp of the who what when where and why behind the Forex markets you should now pick a trading philosophy that best makes sense of it all for you. Read that again, the one that best makes sense of it all - FOR YOU.

Fundamental Forex Traders Philosophy

For instance some people are fundamental traders.

Fundamental forex traders will look for an overview of currency movements and a broad picture of the economic conditions.

Fundamental traders study the market strengths and weaknesses by knowing and understanding underlying factors that affect the market movements. Due to the global environment of the Forex, Fundamental Analysis is largely focused on news catalysis's than the strengths and weaknesses of the currencies themselves. Though more detailed Fundamental traders will want to understand the global economy as well as the affects of news on the markets.

The Philosophy of Technical Forex Traders

Technical traders by contrast base their trading upon the belief that the market follows a predictable set of patterns which have been well established over time. Because of this fact Technical Forex traders believe that future movements in the market can be predicted by analyzing and charting historical data to produce a series of models which can be used to predict future patterns.

In other words technical analysis is a method of predicting price movements by looking at purely market-generated data instead of economic influence, or news events.

Technical traders' tools include real time charts, and graphs. Their objective is to read specific chart patterns to see where they think the market might go next. There are known patterns and tools, like Fibonacci studies, that traders use each day to analyze these price movements.

Secret #3 Money Management The Fountainhead Of Profits...

The last critical factor to trading like a pro is money management. It has been said that if you knew nothing other than money management you could succeed even with the worst trading system in the world. This may be a bit of an over statement but it is close to the truth that managing money is a critical component to success in Forex trading.

Forex money management is a way of life for the prudent investor. Practice money management and you just might be one of 5 out of 100 that will be in a position to make money from Forex Trading.

Forex money management is all about taking calculated risks at the right time and defending your cash on hand. It is about managing risks versus rewards and adjusting market position size in relationship to account equity.

Forex money management is part and parcel of any good trading system. The performance of a forex trading system, in terms of profits, draw down, or any other parameter you would like to measure, depends on both the trading system itself and the money management rules it follows.

Forex money management forces a consistent monitoring of a trader's position and to accept the losses when necessary. Most traders quite honestly completely overlook this aspect of trading. And that is sad because it is the one thing about forex trading that you have complete control over, as compared to the markets themselves.

Tools To Start Trading Forex Like A Professional

If you are wanting to take your trading to the next level then getting your hands on some tools can make a real difference in your training and actual trading.

Fortunately there is a great resource on the web to help Click to http://www.forexproductsconsumerreports.com a popular consumer reports site that has actual user reviews, and customer feed back along with forex software ratings and reviews.

Name the Best Forex Autopilot Program - Answers Here!

By Molly Jobs

So you've heard of forex autopilot programs. These babies will make you money while you sleep, or while your at work , or while you're just playing around. All you need is a computer to leave them on twenty four seven. So your here to find out which one is best. All you need to do is figure out what style of earning you want.

The main programs , FAPS, Forex Tracer, Forex Killer are all great programs. They are all earning money. That's the key. But some of them are easier to use than others. FAPS is a great program, but it is a bit older and outdated in comparison to some of the newer programs. It's still works well, but wouldn't be my first choice for anything.

Forex Killer is probably the newest program on the market. It works and nicely, but it's a bit harder to use than some of the other programs.

Forex Tracer is the sweet spot for me. It's easy to use, and it makes me money. A great combination.

Another thing I really like about Forex Tracer is its return policy. It has a 60 day return policy. If you don't like it, you can get rid of it. You have two entire months to try it out.

To name the best forex autopilot program is tough, but I think I've given you a good overview here. All the programs work, it's just a matter of how you decide to go about it. Forex Tracer would be my recommendation, but your free to try any program you think will work for you. Good luck! Making money has never been easier.

For reviews of the top-selling Forex Autopilot programs, head here http://forex-reviews.info/

Automated Forex Trading - Forex Robots As Expert Advisors on Forex Market

By Mikel Freije

A­ut­o­ma­t­ed F­o­rex t­ra­din­g­ syst­em en­a­bl­es t­ra­ders t­o­ execut­e t­heir t­ra­de o­n­ sp­o­t­ F­o­rex ma­rket­ a­ut­o­ma­t­ica­l­l­y a­n­d a­n­yt­ime o­f­ t­he da­y, ba­sed o­n­ exist­in­g­ t­echn­ica­l­ in­dica­t­o­rs. A­ut­o­ma­t­ed f­o­rex t­ra­din­g­ is set­t­in­g­ t­he t­ren­d o­f­ t­he t­ime. In­ t­his t­yp­e o­f­ f­o­rex t­ra­din­g­, F­o­rex ro­bo­t­s kn­o­wn­ a­s exp­ert­ a­dv­iso­rs a­re f­ul­l­y a­ut­o­ma­t­ed f­o­rex t­ra­din­g­ so­f­t­wa­re t­ha­t­ ha­v­e co­me t­o­ t­he rescue o­f­ a­n­ a­v­era­g­e p­erso­n­ who­ ha­s in­t­erest­ed in­ in­v­est­in­g­ mo­n­ey in­ t­he f­o­rex ma­rket­ but­ is un­f­o­rt­un­a­t­el­y n­o­t­ a­bl­e t­o­ do­ so­ due t­o­ p­a­ucit­y o­f­ t­ime. A­ut­o­ma­t­ed f­o­rex t­ra­din­g­ syst­ems ca­n­ be idea­l­ if­ yo­u a­re sho­rt­ o­f­ t­ime o­r t­en­d t­o­ be a­n­ emo­t­io­n­a­l­ t­ra­der.

A­uto­m­a­ted­ fo­rex­ tra­d­ing pr­o­g­r­am­s ar­e­, w­e­ll, pr­o­g­r­am­s. The­y c­an br­e­ak­ do­w­n anytim­e­. Au­to­m­ate­d fo­r­e­x tr­ading­ and au­to­m­atic­ fo­r­e­x tr­ading­ so­ftw­ar­e­ e­nable­s au­to­m­atic­ tr­ading­ syste­m­ ve­r­ific­atio­n. It c­an r­u­n o­n m­any o­nline­ fo­r­e­x-tr­ading­ syste­m­s c­o­nve­nie­ntly. Au­to­m­ate­d fo­r­e­x tr­ading­ syste­m­s pr­e­se­nt advantag­e­ o­f tr­ading­ m­u­ltiple­ syste­m­s and m­u­ltiple­ m­ar­k­e­ts. An au­to­m­atic­ and au­to­m­ate­d fo­r­e­x tr­ading­ allo­w­ yo­u­r­ tr­ade­s to­ be­ m­ade­ at any tim­e­ o­f the­ day o­r­ nig­ht, r­e­g­ar­dle­ss o­f yo­u­r­ pr­e­se­nc­e­.

Au­to­m­ate­d fo­r­e­x tr­ading­ u­se­s a c­o­m­pu­te­r­ pr­o­g­r­am­ that the­ tr­ade­r­ "te­ac­he­s" to­ m­ak­e­ de­c­isio­ns base­d o­n a se­t o­f sig­nals de­r­ive­d fr­o­m­ te­c­hnic­al analysis c­har­ting­ to­o­ls. The­ sig­nals c­r­e­ate­ a bu­y o­r­ se­ll de­c­isio­n w­he­n the­y po­int in the­ sam­e­ dir­e­c­tio­n. Au­to­m­ate­d fo­r­e­x tr­ading­ syste­m­s have­ r­e­su­lte­d in this type­ o­f tr­ading­ be­c­o­m­ing­ c­o­m­m­o­nplac­e­. It is attr­ac­tive­ to­ m­any m­e­diu­m­ and sm­all inve­sto­r­s.

E­xc­hang­e­ r­ate­s fo­r­ c­ash ar­e­ le­ss favo­u­r­able­ to­ r­e­c­o­ve­r­ shipping­ and handling­ c­har­g­e­s. Tr­ansac­tio­n pr­ic­e­s in Fo­r­e­x ar­e­ ve­r­y lo­w­ du­e­ to­ the­ am­o­u­nt o­f vo­lu­m­e­ and lar­g­e­ nu­m­be­r­ o­f par­tic­ipants, ac­c­o­r­ding­ to­ this M­ar­k­ C­o­pe­land Fo­r­e­x Au­to­pilo­t Syste­m­ R­e­vie­w­ . E­xc­hang­e­-tr­ade­d m­ar­k­e­ts ar­e­ o­ne­ in w­hic­h all tr­ansac­tio­ns ar­e­ r­o­u­te­d thr­o­u­g­h a c­e­ntr­al so­u­r­c­e­. In o­the­r­ w­o­r­ds, o­ne­ par­ty is r­e­spo­nsible­ fo­r­ be­ing­ the­ inte­r­m­e­diar­y that c­o­nne­c­ts bu­ye­r­s and se­lle­r­s.

Tr­ade­r­s pu­t a lo­t o­f tim­e­ and e­ffo­r­t in de­ve­lo­ping­ the­se­ se­tu­p r­u­le­s to­o­ o­fte­n ne­g­le­c­ting­ o­the­r­ aspe­c­ts su­c­h as po­sitio­n siz­ing­ o­r­ r­e­lative­ siz­e­ o­f yo­u­r­ pr­o­fits c­o­m­par­e­d to­ lo­sse­s. The­r­e­fo­r­e­ it's im­po­r­tant to­ find a c­o­m­pr­e­he­nsive­ fo­r­e­x tr­ading­ syste­m­. Tr­ade­r­s u­su­ally e­xit tr­ade­s tw­o­ e­ar­ly be­c­au­se­ o­f fe­ar­ o­r­ stay in tr­ade­s tw­o­ lo­ng­ be­c­au­se­ o­f g­r­e­e­d. U­sing­ an au­to­m­ate­d syste­m­ so­lve­s this pr­o­ble­m­ be­c­au­se­ all tr­ade­s ar­e­ e­xe­c­u­te­d au­to­m­atic­ally w­ith e­nte­r­ and e­xit po­ints pr­o­g­r­am­m­e­d into­ the­ syste­m­.

Tr­ade­r­s ne­tting­ tho­u­sands o­f do­llar­s a w­e­e­k­ ar­e­ c­o­m­m­o­n in this fast pac­e­d, inte­r­natio­nal m­o­ne­y m­ar­k­e­t w­hic­h tr­ade­s an asto­u­nding­ tw­o­ tr­illio­n do­llar­s a day. Ho­w­e­ve­r­, it's also­ a m­ar­k­e­t that c­an be­ te­dio­u­s and c­o­stly fo­r­ m­any ne­w­ tr­ade­r­s.

For more information on Automated Forex Software visit our site: All You Need to Know About Forex Trading Software robots.

Trading Forex - How Good Are Professional Traders?

By Mike Kulej

All of us who trade financial markets continue our education. We do it by reading books, periodicals, attending trading seminars and conferences. Just about all of us have a favorite trading book or author. Most of these people are, or have been, professional traders passing their experiences to others.

Professional traders come in few categories. Some are independent, trading mostly their own accounts or small pools of money. Others come with a pedigree of trading for money management companies. In this category we can find hedge fund traders, CTA's and other money managers for large, commercial pools. Last but not least are bank traders, who trade bank's money, not just market makers.

It is difficult to obtain any reliable information about independent traders results. Banks often do not disclose trading results, or they don't single out currency operations from other earnings. Only hedge funds and other money management institutions disclose results, as they should, since that is how they attract new clients. These are generally the only reliable figures for trading public to have access to and compare own achievements.

Currency traders don't have a performance measuring yardstick, like stocks, which can be viewed in relation to indexes, like DOW 30, S&P 500, NIKKEI and others. Some programs, which specialize in single currency, can possibly relate to an index of given currency, like Dollar Index, but by and large most trading takes place across broader spectrum of Forex. That's why comparison of results is done simply in percentages of total returns.

Barclay's of England compiles Barclay Currency Trading Index. Index comprises of results achieved by a wide range of professional, Forex only trading programs and is reported monthly. As of this writing, in early October 2008, there are 145 entities included in the index. These are both spot and futures trading currency funds. Index is equally weighted and is a good proxy of Forex trading pros.

The results are not what most of us would expect. In fact, they are less than inspiring.

Year to date in 2008 the returns are meager 1.02%. That's right, only one percent. This follows 2.59% in 2007. The years before were even worse, 2006 showing a loss 0.12% and 2005 also negative 1.21%. In fact, in last 10 years there was only one period when the index showed gains of more that 10%. This was in 2003 when the reported return stood at 11.08%. Pretty bleak picture.

We have all seen or heard all kinds of outrages claims made by promoters of Forex products. A lot of them promise easy money with minimum or no work. Reality is much harsher. Results reported by institutional professionals should be clear indication that trading is much more difficult than it appears or is presented.

That is not to say making money trading currencies is impossible for an individual. One can be successful even significantly better than Barclay Currency Trading Index. It takes patience and discipline, sound trading model and strong money management, but with time, there is no reason why a devoted trader shouldn't outperform this index on regular bases.

Mike P. Kulej is a Chief Forex Strategist for Spectrum Forex LLC. He specializes in mechanical trading systems as explained on http://www.spectrumforex.com. Spectrum Forex LLC offers numerous services to individual traders. He also publishes trading blog http://www.fxmadness.com. With questions and comments e-mail him at kulej@spectrumforex.com

Forex Autocash Robot Review

By Mandy Clover

Forex Autocash Robot is a new automated forex trading system that has been out in the market. But even though it was just new, a lot of people already used and trusted this automated trading system. Now, I know that you are here because you are still in search for the right and perfect forex trading system that you can use to make real income from forex trading. I know that you are fed up with the many automated forex system online. You already tried some of this so called automated forex trading system but still failed to make any profits. Now, you are here to find a real automated forex that will surely help you to make not just real but a consistent income from forex trading.

What is Forex Autocash Robot? It is an automated forex trading system, a plug and forget system, an autopilot forex trading system that will actually do all the trading for you.. This forex robot was developed by John Burroughs, the best forex robot developer in the industry. He already made a lot of forex robot that has been proven to be profitable to many money management firm and large companies. Now, Forex Auto Cash Robot is the fruit of his labor, this is the result of many years of researching, sleepless nights and testing. The system is proven to have 9 years of 100% accuracy.

Why does many forex traders used Forex Autocash Robot? This system help anyone to make money even if the market are going up, down or sideways. It doesn't required a person to have any trading experience. Doesn't required you to invest a huge amount of capital. It doesn't need so much of your time. The system can make you huge profits even banks are going to the wall. This is a discovery that took thousands of hours of testing and years of researching and learning. The system guaranteed that it will provide you not just an income but a reliable, accurate and consistent profitable trades that will ensure you of great trading profits. Forex Autocash Robot has a laser targeted accuracy.

How can Forex Autocash Robot change your life? This will give you n astonishing 50,000% profits. The system is considered as a new forex world record. It has almost 9 years of zero loses. It has never lost a forex trade. This is a new ground breaking discovery. The system is also consider as the most powerful forex trading robot in existence. Forex Auto Cash System is the only trading system that has been submitted to a law firm to prove to everyone that what it claims are all for real. By using this accurate and reliable system you can surely make huge income without having to stress yourself or without having to leave your day job.

For our conclusion, Forex Autocash Robot is a proven, tested and a real winning formula. Based on its consistent profitability, I highly recommend it to all who wish to make a healthy second income from forex trading. The system will give you 2 of the most important factor that you have to consider in choosing a forex trading system that you can use, accuracy and consistency. Discover more about Forex Autocash Robot now and learn how can you earn while you are asleep completely on autopilot, consistently and safely every single week.

Mandy wrote reviews of new released forex trading system. Visit Forex Autocash Robot official site now and discover more about the most powerful system to date!

How to Stay on Top of the Forex Market With Forex Alerts

By Krzysztof Sroka

Currency exchange covers the entire world and all twenty - four time zones, so Forex is a twenty-four hour and five days a week market. It is by far the biggest market in the world.

It is very difficult to forecast the Forex market and but like forecasting the weather, predicting the Forex market is sometimes a guessing game, and often an adventure. Many traders have different ways to forecast the market. There are no perfect methods. If someone tells you otherwise, he is probably just trying to scam you. If you can be 65% correct in Forex it is a great achievement. To become a profitable trader, learning proper money management and discipline is more important than any trading methods.

There are two main ways of forecasting the market: fundamental analysis and technical analysis. Some traders use one of them, and some a mixture of both of them. There is lots of information and articles about fundamental and technical analysis.

There are also traders who use computer programs to do automatic or automated currency trading. Those programs use technical analysis and they are becoming better and better, but they are still not good enough to skip proper education about currency trading.

In this article I would like to talk about Forex alerts.

What are Forex alerts?

A Forex alert is a message sent to the user informing him of the latest developments in the Forex market, often recommending action of some kind. These alerts can be sent via e-mail or mobile phone. They are available from many online brokers and other companies.

Even if you limit yourself to the most popular markets like United States, Euro zone, Great Britain, Australia, Japan and Switzerland you still have many currency pairs to keep an eye on.

Forex market is also very volatile so situation can change very quickly.

There are two main kinds of alerts. Some sites simply send out alerts every 24 hours, offering the latest info on the Forex market. Others send alerts only when something crucial happens. These systems use formulas of their own to determine when to send alerts and they could charge much more for their alerts. It is always a trader's decision what to do with the alert.

Some brokers include Forex alerts as part of their service, while others charge for them. Some are part of a wider alert program that also handles your stocks and bonds.

Many Forex currency traders who use Forex alerts are very fond of them, but no Forex system is perfect and an intelligent trader will always do some checking to make sure that the latest alert did not miss something.

Forex alerts are very helpful for busy traders, helping them to trade without having to constantly watch the Forex rates, so it is a good idea to try them.

Whatever the alerts or systems you are using, it is most important to trade with discipline and proper money management.

To become a profitable trader sign up for a Free Forex course at: http://currencytradingmethod.com/trademachine/ For more Forex news, articles and resources visit http://currencytradingmethod.com

Foreign Currency Trading - 5 Facts Any Beginner Needs to Know to Succeed

By Kelly Price

Foreign currency trading is the world's biggest business and the rise of the internet allows anyone to trade and the rewards are enormous but 95% of traders lose and in most instances it's because they don't understand the facts enclosed...

If you want to be successful in foreign currency trading, make sure you understand all the facts below before you start trading or you will lose.

1. Anyone Can Learn to Trade - Trading is a Learned Skill

It's a fact that everything about successful trading can be learned, by anyone who gets the right education and has the right mindset. Success is in your hands.

2. Currency Trading is Simple

Many traders think that complexity and cleverness leads to success but it doesn't currency trading should be simple and to prove the point - 30 years ago 95% of traders lost and they still do today. This shows all the advances in software computer and news has not helped. Many traders make forex complex, when it's a known fact simple systems work best and always will. Now we have learned anyone can trade and forex is simple, lets have a quick reality check.

3. Currency Trading is NOT Easy!

You can learn to trade but don't believe currency trading is easy - it isn't and that's why 95% of traders lose. Most traders simply think they can shoot from the hip or follow a so called expert and win and of course, the market teaches them some manners. You need to understand that currency trading success is all about the next two points.

4. Work smart not Hard

You don't need a college education or to work hard but you do need to work smart and ignore the majority opinion and myths. You should be able to learn a forex trading strategy in just a few weeks and this can give you an income for life IF - you can overcome the next hurdle and this is really what separates out the pros from the novices.

5. Apply What You Have Learned with Discipline

This is the really hard part of forex trading applying your trading signals with discipline when you take a string of losses and the market makes you look a fool. You have to stay on course and keep your losses small - think it's easy? You probably haven't traded. Its why most novices lose however if you have confidence in what your doing and acquire discipline you can win.

Now let's end this article on foreign currency trading with an inspiring story to get the right forex education and mindset.

Back in the nineteen eighties, trading legend Richard Dennis, set out to prove that anyone could learn to trade and win, with the right education and mindset. He taught a group of people who had never traded before a simple forex trading system and combined this with giving them strict money management rules. He did all the teaching in just 14 days and set them off to trade, the result?

They made $100 million dollars and are part of trading history.

Why You Can Win If You Want To

Now of course you may not make as much money as the group above but this experiment proved - anyone could learn to trade, simple systems combined with discipline work and for 14 days effort, the results were staggering.

So if you want to learn foreign currency trading and like a challenge and have a desire to succeed, you could soon be making big profits in the worlds biggest business - global currency trading.

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

Currency Options Trading - 2 Powerful Option Strategies For Triple Digit Gains

By Kelly Price

While many traders like to trade forex. Currency trading options if used correctly, can give you two great advantages that can lead you to long term trading success. Let's take a look at them...

Here we will look at how to buy options correctly and take advantage of limited risk and unlimited gains and how to sell options and get odds of 90% success in your favour!

1. Option Buying For Big Gains

The person who buys an option gains a huge advantage and that's staying power. You don't have to worry about price swing against you in the short term, so long as your option trades in the money at expiry you win.

You have unlimited profit potential and strictly limited risk which is the premium you have paid for the option.

Most traders constantly get stopped out by price swings against them in the short term and buying options allows them to ride out these swings. There are two golden rules you should keep in mind when buying options.

The first point is to buy at or in the money options only and to have plenty of time to expiry.

Of course what most traders do is go for cheaper options a long way from the price and don't buy far enough forward. In betting terms these are long shots and you will lose, as the odds are not in your favour at all. 90% of options expire worthless so you need to do what most option traders don't.

You need to buy time and that means close or in the money options and if you have a sound forex trading strategy and do this, you can make a lot of money with currency options trading.

2. Selling Options for Big Gains

Let me ask you a question - How would you like to trade with odds of 90% in your favour?

Of course you would and you can by selling options. The option buyer of course has unlimited gains and limited losses and 90% chance of failure. The seller on the other hand, has a 90% chance of success, unlimited risk and a limited gain.

The key here is you have huge odds on your side and while the gains may be limited they add up, unlimited risk simply requires a spread of options and good money management.

Option sellers do the reverse of what a buyer does - You sell options, with little time to expiry to get time decay on your side and you sell out of the money options as the odds are in your favour.

Option sellers requires a good account size and you should spread your risk but with 90% odds on your side that options expire worthless and using the above tips to make even more money, you can build long term gains with the odds firmly on your side.

Currency options trader's suits all traders novices will love the comfort of limited risk and buying time and the well capitalized serious trader will love the great odds he gets selling options. Look at the above in greater depth and you will find options are a great tool to lead you to long term currency trading 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 Trading Currency Options visit our website at: http://www.learncurrencytradingonline.com

Forex Simulator - Practice Makes Perfect

By John A Philips

The Forex market is relatively easy to understand but the simple fact of the matter is, there are also a lot of intricate parts of the market which take a little bit of time for you to learn. Yes, it is possible for you to jump right in and begin making trades but this should only be done if you have money that you don't mind losing. The simple fact of the matter is, the Forex market can be quite volatile and unless you understand how it works, you're better off sitting back with a Forex simulator and getting a little bit of practice before you actually begin investing money.

A Forex simulator is one of the most beneficial tools that anybody getting started within the Forex market can possibly have. What it does is to allow you to place trades within a controlled environment in which no money actually changes hands. Once you place a trade, you have several different choices in order to see how things are going to play out. First of all, you can use a variety of different indicators within the Forex market and allow the Forex simulator to extrapolate that data in order to show you how successful your trade is going to be.

Perhaps another way that the Forex simulator works is more beneficial, however. This is by actually taking a look at the Forex market and showing you on a day by day basis how well your trade is doing. Even though you didn't actually put any money into the market, it is still able to give you the information as if you did. This will help you to understand that there are always going to be surprise factors that come into play which can change the price of currency within a very short period of time. A good example of this is a news event that happens in the part of the world where you purchased your currency. This can either take the price up or down without any advance warning.

Of course, there is going to come a time when ever you are going to want to put the Forex simulator away and actually take part in trading real money. By using the simulations in advance, however, you're going to give yourself an overall understanding of how the market works and give yourself the best opportunity to come out on top of the trades that you make.

Get my FREE Guide to Forex Trading E-book Discover more articles, resources, and products reviews at my personal blog. --> FreeDailyForecastForex.Com

The Best Intra-Day Forex Trading System Ever

By Garima Bajoria

Experts have been saying that the best way to earn in forex trading is to ignore short-term trends and focus only on the long-term ones, for these transactions are the ones that would make up for the inevitable losses one could have in small time trades. However, this does not apply for people who do not have enough funds to wait while their money is baking in long-term transactions. These long-term trades could go on for years and some traders could not wait that long; thus, the existence of intra-day trading.

With this form of forex trading, one could trade and earn within the day. Trades start and end within one market session. The key to success in intra-day trading is the ability to know when it is best to engage in a trade and when to exit.

Quick reaction to trade changes should be done because potential profits come and go so easily. If you would always be hesitant to bet on a trade, you would always end up missing out on profit advancements and if you could not tell whether a trade disaster is going to befall you, your earnings could be gone in a matter of minutes.

To avoid this and to have better positions in trading, you could use several forex trading software with intra-day trading capacity. Two kinds of software that has the best intra-day forex trading system ever are Forex Tracer and Forex Brotherhood.

These kinds of software support 30 minutes of up to date trading. With the use of the Forex Tracer and Forex Brotherhood, one could avoid losses and could generate huge profits in only a small amount of time.

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 Forexrobotreviews.

Learn to Win Short Term in Forex Trading - The Hit Forex Trading Strategies

By Garima Bajoria

Want to learn how you can win short term when it comes to trading in the Forex market? Then, take a look at some of these tips to help you find out just how to do it. First, you should know your Forex trading market.

Easy enough right? You would have to educate yourself about all the currency you are trading. The more knowledge you have about the country of the currency you are trading with, the more accurate your predictions would be as to how that particular currency would move.

Pick one Forex trading system and stick to it. For traders, the system they are using is pretty much everything. It's a vital component. These Forex systems would allow you to have automated trades based on the history whilst following all the traditional valleys and peaks. So find yourself a good system, set it up and keep it forever or for the duration of your trading career.

Practice makes perfect, however, this is not the real world. Practice accounts are indispensable when you are still learning about how a certain trading account functions, however, you don't get to experience the feel of an actual trading market.

This is why many experienced traders would recommend for newbies to start with using a mini Forex account to keep your losses at the minimum and at the same time get acclimated.

Keep a watchful eye on your margins. Margin trading is one of the best ways - to lose your money in a snap of a finger. Stay away from it whenever you can or until you are confident enough and have a firm grasp on what you are doing.

So there you have it. Some quick ways to help you gain profit while reducing your risk of losing your capital.

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 Forexrobotreviews.

How to Learn to Trade Forex

By Albert Schmidt

Is trading Forex profitably is a learnable skill or is it something that depends on personal traits? I hear some people who failed in trading complain about anything but their ability to change their psychological outlook on trading. I do believe that successful trading is a learnable skill as long as one has a strong desire to succeed.

First of all let's find out why people fail in trading Forex as in any business they want to start. Most of us come to a decision to start our own business be it a trading or something else because of the freedom it promises. How often we hear "fire you boss", "become your own boss", etc. But what we don't realize is that we come to these endeavors with the job environment mindset. We cannot be accountable to ourselves unless someone else will hold us accountable. In my opinion that is a big problem for many of us.

So once we identify the problem the solution is simple. Find a partner who you can be accountable to. If you can find a mentor successfully trading currencies himself then it's the best option. But it can be your friend or relative how doesn't even know anything about trading. The only requirement for such a person is that he or she must be supportive in your venture. I personally have my wife to hold me accountable in completing my daily tasks that I have planned.

Now these are the steps you can take with your partner to develop your disciplined approach to trading Forex. First pick a trading strategy. Second decide how much time you are going to devote to back testing it on a daily basis. Third make a list of qualities you want to develop or get rid of in your trading. It can be for example "Don't take a trade if the signal is not clear" or "don't risk more than 2% of the capital in one single trade", etc.

At the end of the day or end of the week report to your partner on how well you followed through your own rules. It is not important if you lost a trade or won. What important is how well you were able to stick to your plan. If you managed to accomplish every task that you have preplanned than the day was successful. If not than you have a failure. You should remember that it is not the profit in a single trade will make you successful. What will make you successful in a long run is the habit you develop by following your rules of trading day in and day out without fail. An accountability partner can help you to achieve this goal much more easily then if you were on your own.

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 Trading Strategy - How to Use Eliot Waves

By Albert Schmidt

Many new traders are attracted by the seeming simplicity of the Eliot Waves. They first see and study what is on the surface - the wave shapes and their features. If they go deeper they may start from the wave shapes, geometric figures and fractals of Bill Williams. They ignore the fact that the foundation of the wave principals is the simple rules of technical analysis - momentum and correction. Those rules reflect the psychological state of the market participants.

You can use Eliot Wave analysis in any market the only requirements are high volume of transactions, large number of participants and quite a long data history. That's why Forex is an ideal market for the Eliot Wave analysis.

The most challenging thing in using Eliot waves is their subjective nature. It may be easy to identify the waves in retrospect but for many traders it is quite a difficult task to identify the current wave. Identifying only the past waves is not practical for trading.

So how would your start the Eliot wave analysis? I think we need to remember the major principal of going from simple to complex. Actually Eliot never explained why market moves in 5 ways in one direction and in 3 waves in opposite direction. He presented it as a fact that does not require any proof.

It is a fact indeed like momentum of movement and correction of a movement. In my opinion we need to use simple approach to Eliot wave analysis. Either you have a momentum or you have a correction of the price movement. Then apply the hierarchy and Fibonacci numbers to momentum and correction and you will have simple wave analysis.

Of course it will take some time to get used to Eliot waves analysis. It is not that hard as it seems to be. How hard it was for you to learn swimming. Once you learn to hold your balance in water the rest is easy. The same thing is with the Eliot Waves. First it seems impossible to identify the current wave but over time with practice you will easily identify what wave market is in.

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 Trading Strategies - Tools to Identify a Trend

By Albert Schmidt

It is a known fact that trading strategies based on trend following are more profitable in general than those based on trend reversals. The only weakness of a trend following system is that it can make a few losing trades during the price consolidation period. However once trend is formed the trend following system can not only cover the losses encountered during consolidation period but it will make a significant profit.

Another benefit of trend following system is that it gives much less trading signals. This will keep a trader from losing his money. The less time a trader has an open position the less chance of losing money in market he has. Additionally a big number of opening and closing trades will cost you a lot in spreads. The biggest problem is to identify the trend. When we look at the historical price data it is obvious where it was trending. But it is a difficult task to decide if a current movement is a beginning of a new trend or just a correction. There is no approach that can give your 100% accurate answer to that question.

That's why entering the market you need to place a stop-loss order. Otherwise any movement against your position may become a market reversal that can wipe out your account. The next thing you need to do is to identify a short term partial profit level. You need to take a partial profit before you will let your position run with the trend. In other words your trading has all signs of short term trading based on small losses and small initial profit. Many successful traders follow these rules because they are more psychologically favorable in making profitable trades.

There is endless number of tools that are used to identify the trend. I would like to discuss a tool based on three indicators. It is ADX - Average Directional Index. This indicator is based on calculation of the price range changing. It is technically formalized definition of the trend.

Trend is up if price have increasing series of consequent maximums and minimums. Trend is down if price have decreasing series of maximums and minimums on the chart. In the first case the range (from high to low) tends to move upwards. In the second case the range tends to move downwards.

So how do you exactly use this indicator? Open your charts and attach ADX indicator to a currency pair. Now watch for negative directional indicator (-DI) and positive directional indicator (+DI). If -DI crosses above the +DI that is a signal for the beginning of a downtrend. If +DI crosses above the -DI that signals the beginning of an uptrend.

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 Trading - Roots of Success and Failure

By Albert Schmidt

Almost every trader has heard that psychology and mindset can make or break your success in trading. But how you develop a successful mindset? In this article I continue to discuss the necessary steps to develop a mindset that can help you to succeed in your trading.

One of the fundamentals of success in any business is having a clear goal. Before your start doing anything, try to find out why are you doing it.

Now if you apply it to Forex trading you should formulate your goals clearly. Things like "I want to be rich", "I want to have a lot of money" will not do. Ask yourself a question how much money do you need and why do you need that much money. What do you want to spend that money on? Write down your goals on paper. You may keep it for yourself. You don't have to show it to anyone else.

The major obstacle is trader himself.

It is not so hard to learn to work with the trading software and study the market. It is not so hard to develop an intuition for the market although it may take some time. But to control your emotions following through with your trading decisions is much more challenging task.

There is a well known test that will show the importance of the mindset. Put 10 inches wide deck on the ground and walk on it. It's easy if you know how to walk. Now put that deck on 100 foot height. The task is the same to walk on it but will you feel the difference? What did we change? The only thing changed is the imaginary outcome of the situation in case of an error. That's the psychological factor. That's why I consider trading on a demo account only as a tool to learn the interface of trading software. I am skeptical about all the bragging of new traders about successful trading on a demo account.

The right mindset towards making money

Money should not be your goal. It can be only means to achieve your goals. If your make money your goal you are setting yourself up to a failure. I think any activity in the name of making money can be destructive if your disregard your own nature. I don't mean that money is bad. It's just a reflection of the value you provide to other people. I believe that a way of making a lot of money without giving back to the society is a destructive way to live. The only way money will bring your satisfaction if they reflect the value of the work you do to the world. With such mindset money will follow.

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 Opportunity - Use Your Intuition

By Albert Schmidt

Intuition plays an important role in Forex trading. It can create confidence or doubt in your trading decisions. Intuitive action is in some way opposite to mechanical type of action. Trader doesn't need rational justification for making a decision. Most successful traders have developed their intuition to help them in their trading.

How you can develop intuition? Intuition or feel for the market is not something you naturally have. Even though it seems that some people develop it very fast as they start trading in Forex.

In my opinion intuition in trading is the same thing as keeping balance while riding a bicycle. How do you develop that balance? By practicing over and over to ride a bicycle regardless of how many times you fall on your face before you can confidently ride it. The same thing is with the trading currencies. Before your develop intuition and feel for the price movement you need to practice simple steps in trading.

I have outlined three most important steps to develop your balance in trading Forex. If you keep following them relentlessly sooner or later you will develop your intuition for price movement.

Pick a trading strategy and a currency pair.

First thing you need to do is to pick a trading strategy that almost 100% mechanical and a currency pair. You may ask how a mechanical system can help you to develop a feel fro the market. Trust me it will help. When you were learning to ride a bicycle all you did is keep repeating a few simple mechanical steps that developed your feel for the balance. So the first thing is to choose a system that has simple rules of entry and exit.

Back test your system on a historical data.

This is very crucial step. Do not skip it. You need to take at least 100 practice trades on historical data. By doing this you accomplish three things. First you will develop you trading skills. Second you will find out the expectation of your system. If it is not profitable then you have to change parameters of the system or change it completely to another one. And the third most important thing is that you will learn the behavior of the currency pair. That's the beginning of the development of your intuition.

Forward Test your system.

After you found that your system is profitable you need to test in real time. This step is similar to backtesting but this time your do it in real time on a demo account. Make at least 30 trades in real time. Now it is time to observe how price is behaving before you get the signal to enter the market. It is this observation and executing the trades will actually develop your intuition. Gradually you will be taking trades based not only mechanical rules of your system but also on your intuitive discretion.

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.