The Secret of Forex Trading Signal Software

By Max Branner

Success in the forex market is based largely on two things: timing and accuracy. It makes sense that to be truly profitable, you've got to be able to trade early and at the beginning of a trend. Forex trading signal software is the current best answer to this, and the future of forex trading as it gives you the most accurate information to guide your trades so that you can trade accurately, confidently, and early and ahead of the curve.

This is an upgrade to the old way of doing things before they had forex trading signal software. In the past, forex traders would rely on analysts and "experts" in the market to guide them. These experts would keep watch on the market and it was there job to be able to guess and surmise based on this just where the market would be going next. Forex traders would commission these experts for their opinions and pay them accordingly. While this was an alright method in the past, there were still a number of flaws associated with it.

There was a great deal of human error associated with this form of predicting. It wasn't based on mathematics but simply looked at the market and making educated guesses, possibly based on economic or political factors. Even if it was based on some sort of algorithm, there was still always the possibility for human error.

Forex trading signal software eliminates any possibility of human error. Instead, it employs cold tested, complex mathematical algorithms to form its tips or signals. Some of the most successful traders have designed these systems, and before this forex trading signal software is available to traders, they are back tested for months and sometimes years to develop successful and proven campaigns. The best of these programs are remarkably accurate and the traders who know about them to use them swear by them. There is honestly no substitute for forex trading signal software if you want the most accurate information guiding your trades.

If you are interested in earning some reliable and guaranteed income, visit http://www.forexautotradingreviewed.com for in depth reviews on the leading forex trading signal software available today.

The Best Forex Software Trading

By Max Branner

The best forex software trading can make your life a great deal easier in a number of ways. It's more accurate, it's more timely, and it can save you a lot of hassle in your campaign.

The best forex software trading takes a lot of the pressure and weight off of your shoulders by trading largely independently of you. You can trust this because the software always trades in your best interest. It constantly keeps a vigilante and tireless watch over the market which is a major benefit considering that the forex market keeps much longer hours than the traditional stock exchange. It's common sense that if you want to be as successful as possible, you've got to be able to react in a second's notice to positive and negative trends which pop up.

Additionally, the best forex software trading uses stop loss and take profit protocols to guide your trades. You can set these values in your software so that it knows when limits are reached and to trade away to save you a great deal of money. Beyond this, some of the software is sophisticated enough to act completely independently of you and sense when the market is about to change out of or in your favor. Say part of the market which you are invested in fluctuates and you stand to lose a great deal of money. At the earliest indication of this, the best forex software trading programs snap into action and trade away that particular investment, thus greatly minimizing your losses.

Arguably the best thing that the best forex software trading offers comes in the form of tip indicators. These are basically bonuses within the software which generate tips of where the market will go before it happens so that you can use this information to trade accordingly and ahead of the curve. They read the market 24/7 and rely on cold, tested, and complex mathematical algorithms to generate these tips. The best of these programs are remarkably accurate and are tested long before they are made available to the general public. There honestly is no substitute for the best forex software trading if you want the best and most accurate information guiding your trades day in and day out.

Start your path towards financial independence today and generate some reliable and guaranteed income by visiting http://www.forexautotradingreviewed.com

Profitable Forex Trading - Understand This Story and You Can Win at Forex

By Kelly Price

Enclosed you can read about an experiment that saw a group of traders with no previous trading experience become traders in 14 days and go onto to make in excess of $100 million dollars! Understand this experiment and use it as an inspiration for your forex trading strategy...

The experiment was conducted in the eighties by famous trader Richard Dennis.

He wanted to prove that anyone could learn and trade successfully and the experiment, (known as the turtle experiment) was born and had spectacular results.

The Challenge and the Result

Turn people of all ages, both sexes and of varying intelligence levels, into competent traders in 14 days.

After 14 days training, the group were given live accounts and soon piled up millions of dollars and became legends.

So Dennis achieved his aim - it was proven trading is a learned skill.

All you need is the right education and mindset but there is a paradox you will probably be thinking about now - if everyone can learn to trade, why do 95% of traders end up losers?

A closer look at the experiment will show what most traders do wrong and what this group did right.

The Obstacle to Success

The major obstacle to success is mindset, not method. Further explanation will make this clear.

The system taught was straightforward and very simple and was no more than a long term trend following system, based upon breakout methodology, combined with strict money management.

The real problem the traders faced was, applying the method through losing periods with discipline and execute their trading signals in line with the signals generated. Of course if you don't have the discipline to apply a method, you simply don't have one!

Most traders today believe that they can beat the market and losses will be short lived and if you believe many vendors or so called experts, you won't have any at all - but this is not the reality.

The reality is - most traders will have losing periods of many weeks, or even months and you must trade through these periods, as the markets take your money and make you look silly.

Easy? Not at all and most traders throw in the towel.

They fail to appreciate that win long term; you have to cope with losses short term.

Dennis taught his group to have confidence, so they could stay on track and many in interviews, they said how hard it was - but they had to do it and were rewarded.

Trading is not about ego and being right all the time, it's about making money.

How to Win

You may not be as successful as the above group but you can win and be a success and all you need to do is to get a simple robust forex trading system and learn to apply it with strict money management and discipline.

It sounds easy but its not, as your emotions will always try and get in the way of your success.

If however you know that you will face your emotions, you can take steps to be disciplined and stay on course. The above experiment proved anyone can win and it's not the market which beats the trader - but the trader that beats himself.

I personally found this story inspiring, it actually prompted me to trade over 20 years ago and I hope it inspires you too. So get the right forex education, work smart be discipline and you to can enjoy forex 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 how to Learn Currency Trading visit our website at: http://www.learncurrencytradingonline.com

How to Win at Forex - You Need to Answer This Question Correctly and You Can!

By Kelly Price

If you want to know how to win at Forex trading then there is a simple question you must answer without pause and with confidence - here it is...

What is your trading edge (define it clearly) that will enable you to join the elite 5% of winners and avoid the losing majority of traders who burn their cash?

Simple question and most traders consider the following an edge and its NOT!

- I am going to Follow a Forex robot which has a simulated track record

- I am Using a day trading or scalping system to keep losses small and earn regular income

- I am able to Predict the market in advance

- I work very hard so will be successful

- I am clever and can devise a complicated method to beat the market

- I am going to trade breaking news and be a step ahead

All the above thoughts are held by losers.

Forget following simulated track records, anyone can trade backwards and never trade in the day session only all volatility is random and you will lose. You can't predict in advance as that's simply hoping or guessing, so don't try, you need to trade the reality of price change not guess what will happen.

If you think working hard and being clever, can lead you to success think again - it can't. You only get judged on profits not being clever or effort.

Breaking news? As the markets discount immediately and markets actually don't move on the news story, they move on trader perception of it so breaking news won't help you either.

If you want to Win at Forex

Understand your trading edge is a combination of a simple Forex trading system which you can apply with discipline. Method and mindset are linked together.

Sure you need a good solid method but you also need the discipline to follow your system, otherwise you don't have one.

Following any method with discipline is hard as you need to keep executing your trading signals as you lose and the market wrong foots you and stay on course and don't believe anyone who says you won't lose .

You will only do this, if you have learned your method and have rock solid confidence in it - you can't follow anyone else to success, it comes from within!

Trading is a world where you rely on yourself your method and your discipline. Every trader will have a different edge - but it comes from inner understanding and knowledge.

The Good News!

You can learn Forex trading in a few weeks and then start executing your Forex trading strategy in about 30 minutes per day and for the effort you have to make, to get a trading edge, the rewards are staggering.

So get the right Forex education work smart and get the right mindset and you could be on the road to Forex 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 Successful Forex Trading visit our website at: http://www.learncurrencytradingonline.com

Forex Trading - 5 Critical Mistakes Novice Traders Make and Lose - Avoid Them at All Costs!

By Kelly Price

If you want to win at Forex trading you need to avoid the common mistakes enclosed as most novice traders make them and get wiped out - avoid them or lose money...

1. Trusting a Forex Robot with a Simulated Track Record

It has always amazed me traders fall for this one - they are presented with a track record that Warren Buffet would be proud of AND all for $100! The buyer never has to work again, plug the robot in and make money with no effort, for life. The problem of course is these Forex systems sometimes amusingly called expert advisors, have never made any real money.

All they have support there claims is a back test simulation, which is done knowing the closing prices. Well anyone can do that - but you don't get to know the price in advance when you trade. If you want to trust a paper back test you can - but don't be surprised if you get wiped out.

2. Day Trading

Trading in short time frames is popular - but doesn't work.

All volatility within a day is random - you can't get the odds on your side and can't win. All the systems sold that claim to make money, are like the Forex robots above - producing back tests and simulations on paper. Try day trading for real and it's a different story, regular profits actually turn into regular losses.

3. Believing You can Trade with Little or no drawdown

90% Accuracy, make a monthly income, make 20 pips a day etc great copy - but not based on reality. If you trade Forex you are going to face losses - sometimes for weeks or months. Your challenge is to trade through these periods with discipline, until you hit a home run and hit profits. Most traders can't do it and throw in the towel early.

Learn this - if you want to win in Forex trading, you need to learn to lose, take your loses and keep them small and stay on course.

4. To Win You Need to Predict

Not a good idea, as predication is hoping or guessing and you don't get rewarded for that, in any area of life. Most traders dive into soon and should have waited for confirmation of trend continuation or change and then traded but they don't jump to early and get stopped out.

If you want to win, forget prediction and trade the reality of price change.

Do not believe anyone who tells you there is some mathematical law of market movement - if there was they wouldn't tell you (they would be to busy making money) and also if there was, we would all know the price in advance and there would be no market. Markets move because prices are uncertain not certain!

5. You Need to work Hard and Be Clever

This is totally wrong and hard work and being clever, count for nothing in forex trading only being right with your trading signal and the money you make is how you are judged and the cleverest and hardest working people, don't always win at all.

You need to work smart not hard, get the right Forex education and then you need to keep it simple! The best Forex trading systems are simple - not complicated and a simple system has a huge advantage, as it's more robust, with fewer elements to break, than a complex one.

A simple system traded with discipline is the way to win and always has been.

How to Win

So there you have 5 common Forex trading errors - make any of them and you will join the vast majority of losers. If however you get the right Forex education, avoid the above mistakes and understand that a simple system, which trades the odds and applied with discipline is the key - you are on your way to Forex trading success.

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Forex Robots - The Profits Are Not Real and That's Why Users Lose

By Kelly Price

The Forex robots you see traded online all produce track records that simply would make the world's top find managers green with envy but they are not all what they seem...

You would think that if a Forex robot claims it can make big gains for you, that it might actually have made some dollars in the real world of trading - wouldn't you?

You would be wrong if you assumed the above, most automated Forex trading systems you see sold online, produce a track record which is simply made up.

The track record consists of getting a past data segment (knowing all the closing prices) and then simply picking where to buy and sell, with all the data to hand and of course this means nothing in terms of making money when you don't know what happened and have to trade without knowing where prices go.

The vendors use clever copy and the lure of an income for life for around the cost of a meal out and of course, making money is not that easy, common sense tells you that. If it was so easy, everyone would be trading for living and give up working, banks would sack there multi million pound dealing teams and there would be jobs shortage as everyone was trading!

If you want to make money in any venture in life, then you need to work and get the right education and knowledge to apply in the market, that's life and is very true in Forex trading.

You won't be surprised to learn that you need to get a good Forex education and do some work but the news is that in Forex trading if you get the right knowledge and trade with discipline, you can earn yourself a great second or even life changing income and your efforts will be well rewarded.

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 Successful Forex Trading visit our website at: http://www.learncurrencytradingonline.com

Why is it So Difficult to Make Consistent Profits in Forex?

By Joshua Geralds

We start off in Forex learning the easiest parts, things like chart reading and interpretation of data. We waste all that time and more trying to get the entry and exit correct, and it never crosses our mind that the most important aspect is ignored.

Can be said to take place solely in your mind and without the right mind set, you have lost even before you began!

Most new traders ignore the fact that training your mind and your heart is THE most important aspect of trading. That's why close to 95% of new traders rarely see their 9th month, most traders would have been wiped out by the 6th month or even earlier.

To survive and be profitable, you have to begin by changing your mindset and mental attitude. You cease to be a player instead you become a spectator in the market. You distance yourself away from your trades.

To get a firm grasp on how the market works would take a person of average intelligence no more than 3 months. But as you and I know, it is not knowledge of the markets and how they function that will make you money. Instead it is the process and the decisions that arise from the process that affects our bottom line as traders. We are all different and for some, making a firm decision and staying by it is simple, for others it might not be the case. For example you have a good edge (trading plan) and that edge gives to you close to a 70% probability on normal market situations. You enter into a trade and you follow your rules of the trade (this we term as process). Now the trade turns against you and you lost your trade. The next trade that you enter, do you increase your stakes, do you become uncertain of your trading plan, or do you proceed as normal?

While we discuss this on paper, it seems easy and even a little simplistic. When you are in the midst of trading, these simplistic principles become harshly complex. This is especially so as it is YOUR hard earned money and it becomes doubly painful to make a concrete decision. This decision making process is what most new traders find difficult to overcome and to master. There is no easy way around it and we all know that as humans we would go to extreme lengths to avoid pain, than to gain pleasure.

There are of course means and ways to overcome this problem. In fact many traders that succeed do suggest this method as well.

1. Buy a note book

2. Take down all aspects of the trade, including your state of mind and your emotions

3. Take all trades as they come

4. Keep the journal for a week, and then review

5. Always write, before, during and after the trade.

Now keep this journal serves a two fold purpose. The first being discipline and the second reflection.

Discipline can be built by habit, that's a piece of good news for traders who think they might have an issue with discipline. Like how you brush your teeth every morning, the same discipline can be applied to your journal. If you keep doing something for 21 days everyday , it becomes habit and once you manage to create this habit you can use your newly gain discipline and apply it to trading.

Reflection is the second purpose that this journal will serve. When you know yourself and you know your emotions, you can better control them and better harness that energy. Trading can be emotionally tiring and draining. With your daily note keeping and weekly reflection you will be able to learn about your own psychology and that will help in your decision making process. At the very least it will highlight to you when you are in the midst of making a bad decision brought about by errant emotions!

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!

How to Trade Forex Smart

By Joshua Geralds

Trading is a business, it can be played like a game but it really is a business. If you do it well, trading can potentially outstrip any conventional business in terms of monetary returns. But you should know this already, that's why you are reading this in the first place. What you probably don't know at the moment is how to trade Forex smart so that you will be a top earner and not a top loser.

The definition of top earner I'll leave that to you to define and find out, as each person differs in their profit expectations. But we can define a top loser as someone who has their account wiped out by more than 70% in 6 months time. We certainly want to avoid being in that situation! Now most traders never really see great profit growth because of some factors and these factors are:

• Lack of discipline both mental and emotional

• Under funded account

• Over Leveraged account

• No or money management plan

The above mentioned are by no means exhaustive they are the most common factors but there are others that do cause failure as well.

1. Lack of discipline. This is a big issue and one that many traders cannot overcome easily. Having discipline is also the most important and fastest way to grow your account. I would suggest that you keep a trading journal, write your thoughts and your emotions you experience before, during and after the trade. After a week of entries reflect on each entry. You will build discipline and learn a lot about yourself this way.

2. Under funded account. If you wish to remain in the Forex game, then you must have the financial means to do so. If you take the money for your daily expenses to trade, that is foolish and will lead to you making emotional decisions that are risky\ and most likely lead to an account wipe. Try to start your trading account with at least $500 and no less, the optimal starting amount would be $1,000 and at regular periods of time try to pump in some funds. For example, you start out with $1,000 and every month you increase your capital by $200, so by the end of 12 months you would have $1,000 +$2,400=$3,600 as your trading capital. Of course the profits you earn by your trading will only cause your account to swell even further.

3. Over Leveraged Account. A good leverage for starters to take is no more than 1:100. Even if the brokers offer you leverages of 1:500 it doesn't mean that you have to take such a large amount. Remember the higher your leverage, the more you have to pay out when you make a losing trade. Losing trades are so common that after a while with an over leveraged account you will be faced with an account wipe!

4. No or lousy money management plan. This is your holy grail to trading, money management coupled with tight discipline will give to a trader consistent profits. With consistent profits you will experience the power of compounding. That is what really grows an account. Money management is defensive, you seek to protect your account before anything else, focus on your account on not on your possible profits. When you have guarded your account then look to making profits.

Keep in mind the above points when you next trade, at the onset it may seem a little difficult. Grit your teeth and push on, build your discipline and always trade with money management rules at the top of your head. You will see your just rewards at the end of the day!

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!

How to Stop Losing Money in Forex

By Joshua Geralds

When a trader begins to trade, what normally happens is that the first few trades are usually successful ones. The new traders then becomes so confident of their supreme abilities in trading that their carefully crafted trading plan and money management rules are cast aside.

Suddenly their trades are not going so well anymore, they begin to lose more and more regularly. It almost seems that the market is ganging up on them to rip the carpet from under their feet! New traders being inexperienced tend to take it very personally and then sub consciously decide to punish the market. The position sizes become larger and larger, money management is totally forgotten, and their trading plan is in tatters now. Any piece of rumor or hearsay is taken to be the gospel truth and acted upon. When all these fail and they still lose money, they turn to "sources" that tout the holy frail of trading. That one plan that could make a trader a million in less than a year! (Come on by now wouldn't you have woken up already?)

At that desperate situation, many traders choose to believe these sources and make some hefty purchases. They re fund their accounts and take their new trading plan to the market. History repeats itself, their first few trades makes them money then they being to lose again and again. Soon their account is wiped clean and it is about 6 months from when they first started on their path to forex trading.

Does the above story sound faintly familiar to you? It should because close to 95% of new traders that trade goes through this cycle.

Usually at this point in time I get a lot of applicants applying to join my classes and they clamor and complain that it's the broker's fault or that the trading plan was a rip off or that they were unlucky.

If you found the above example silly or even simplistic, then you are correct. But isn't it surprising that 95% of the people who start off as traders give up after 6 months? Simplistic or silly as it may seem, this happens so often that it isn't even funny anymore. In fact most new traders focus so much on easy and fast profits that they forget the real money making methods.

How then do you stop losing money in Forex and start making some profits? Forex is a business that works best with a defensive stance. If you keep running after the dollars you will only end up losing your whole account! To protect your account must be the first and most important action you as a trader take each time you trade.

There is nothing wrong with the trading plan you started out with or the plan that you bought online or off the shelves. There is noting wrong with the brokers or with the market for that matter. There is a lot of wrong in the way traders think! Discipline both mental and emotional, well planned profit objectives, total money management control. These are the elements that are sadly lacking in the education of many new traders. Prevent yourself from losing anymore money in Forex, plan your trades, trade your plan. Keep a tight rein on your money management, and never take an aggressive stance. This way you will stop the outflow of your money and increase the inflow of pips!

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!

How to Keep a Trading Journal?

By Joshua Geralds

A trading journal is an essential tool for any serious trader who wishes to make money. Many traders know its value but very few actually put it into practice. The ones that do write in a journal are the traders that are most often successful.

A disciplined trader is a profitable trader, and keeping a trading journal is the first step to building your discipline. This might sound simple or easy but I assure you that to actually get started can be very difficult. In fact many traders give up after a while and rely on the logs that the broker provides.

The logs or the history gives information that is at best marginally useful. Most of the time it gives information that is totally useless. What can you do with the past price actions? Nothing, the information provided gives you no new advantage to your next trade at all. A trading journal is not about writing in the prices of your entry and exit and the time you executed the trade. The trading journal is all about psychology, more specific it is about your individual emotional psychology before, during and after the trade.

For example, you decided to trade the EUR/USD and based on your trading plan you went long. This despite of the fact that your gut feeling told you that the trade is not going to work. Still you followed your trading plan, half way through the trade the price comes to about a few pips away from your stop loss and you decided to quit the trade. So you exit the trade. A few moments later the price shoots to your original profit target. Had you stayed in the trade you would have made an X amount of pips.

The information presented above is to help you write your journal. This is a classic case that probably happens a couple of times a day for most traders. We fail to stay in the trade, we fail to trade the plan and most of all we fail to distance our emotions from our trading! Give yourself a couple of these sorts of trades and I assure you, you will be seeing a big zero in your account soon.

Your trading journal will assist you to prevent and to cure yourself of these bad habits.

How that happens is that you record in everything you feel and do. From before the trade, to during the trade and after the trade had been completed. It is not difficult to keep a trading journal; you just got to remember some points

• Everything goes in nothing is left out

• Pay attention to your emotions when you write

• Do not be embarrassed, you are the only person who will read your journal so be honest

• Did I mention that you have to be honest and write everything inside, if you walked off to grab a beer, write that down and write why?

• Nothing is too silly to record inside your journal.

• Always begin the journal before the trade, and end it after the trade.

The above points are important so keep them firmly in mind as you practice your journal.

Here is a sample entry of mine:

"1600 the EUR/USD is coming close to the set up. The larger trend is a down trend; the set up will be a short. Position size will be as normal 3% of account and profit objective 20 pips from entry, stop loss 10 pips. The news might be breaking in a few hours time the market is slow, don't know if I should take this trade or not, having some doubts here.

1615 entered the trade at 1.4567, profit target set at 1.4587, stop loss set at 1.4557.

1620 moved stop loss to 1.4567 the trade is now trading at profit. Feeling a lot better now, had a lot of doubts before I entered, the news was not very good.

1645 trade closed at profit took profit and ran! Happy that I did it, as prices shot down. Lucky I managed to make some money. Feeling rather excited for my next trade."

The above example is what you should strive to keep each and every trade. Let's face it there is not a lot to do when we are in the trade itself so we have plenty of time to write. Learning to write will build discipline in you and when you reflect on your entries after a week of trading you will learn a lot about yourself and your trading psychology. This is something that no mentor or Forex school can teach you. You have to experience it yourself, only by this experience can you be a successful trader.

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!

Automated Forex Trading Robots - Are They Trustworthy?

By John J. Drummond

The Forex market is one of the biggest money making opportunity for regular guys and gals. The simple way in which you can trade, the fact that all you need is an internet connection and a broker's account, and the sheer scale of the money that's exchanging hands on the market is incredible. And indeed, people are getting rich with Forex... but other people are not doing so well, and for many reasons.

One of the ways in which people increase their forex profits is through the use of special trading programs called Forex Robots. Automatic Forex Trading Robots basically take care of all or most of the trading operation for you, scanning the markets, analyzing the changing prices, and choosing the exact point in which to enter and later exit the market.

But are Forex trading Robots trustworthy or are they simply a scam? The truth is that like anything in life, some products are excellent while others aren't. The same is true for Forex trading Robots.

So, how can you make sure you picked the right one?

First of all, you read this article all the way through and in the end I provide a link to 2 robots which have excellent results, so you can be sure that they're not just some scammy product.

Second, you test each robot yourself on a demo account. This will allow you to make sure you're operating the program correctly and that you're using a reliable program. Test the programs for a few weeks.

Third, to make sure you're not risking any money, you will only get Forex robot software which have a money back guarantee. That way, you can't lose, only gain. Both of the robots I recommend have money back guarantees for your protection.

You can benefit a great deal from using such a program. It can make trading easier and more profitable.

To read more about this software, click here: Forex Auto Pilot Review. John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automatic Forex Trading Robots Review.

Best Forex Broker - You Need More Than Just Software Stupid!

By John A Philips

The Forex trading system is something that many people are getting involved in as a way to invest their money or perhaps to accumulate a nest egg for themselves. It is relatively easy to understand and is basically trading one currency for another in the hopes that their values will change in such a way that you will make a profit. That being said, there are also a lot of things that need to be understood about the Forex market which can take some time to get a mental grasp on. That is why most people are looking for the best Forex broker that they can find in order for them to get started successfully.

Even though the Forex market is available for five days a week around the clock, most people don't realize that you need to make your trades through a qualified broker as you will not have access to it as an individual. This is not only the case if you're calling somebody on the telephone in order to make the trades, it is also true if you are doing it over the Internet. Even the most successful Forex websites have a broker behind them and according to how successful these websites are, they try to find the best Forex broker that they possibly can.

Of course, there are plenty of software programs that are available out there which will help us as individuals to be able to make determinations as far as how the currency is going to move. By using a variety of indicators within the market, many of these programs are able to consistently make good trading decisions without the help of a broker at all. Even so, it is still comforting at times to be able to pick up the phone and talk to a broker instead of just trying to trust a program that is really making an impersonal decision.

I find that it is a good idea to have access to some of the best software that is available but to also include the best Forex broker on my team that I possibly can. This gives me the best of both worlds and at times, can help me to avoid making mistakes that would have been very costly had I made them. Although it is a good idea to automate things as much as possible, you can never beat what common sense can give to you. Having the best Forex broker behind you is going to provide you with that necessary key to your success.

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Little Known Ways to Trade Forex Like A-B-C

By Joel Gardner

Being new to forex trading, you are most likely to spend a lot of time reading and studying the mechanisms for forex trading. It wont be surprising that after a short period of time will feel "fed up" because everything seems to overwhelm you. The reason is because as you get more and more immersed into the studies of forex trading, you will over analyses the subject matter thus creating confusions. In order for you to overcome this problem, here are a few simple tips to adopt:

Get a solid foundation

Before you jumped into details studies of forex trading trying to find tips or insights, get a solid foundation first. By doing so, you will find it easier to learn about forex trading because everything will be based on logic.

Trade less

Although generally, the more you trade the more you should profit. But then, this is not always the case as, you can put the time you spent monitoring all your trades to focusing on just one or two trades. In the end you might find that these few trades makes more than all the trades done without any in depth studies. If keep making trades just hoping to hit a bullseye, you will find yourself mentally exhausted at the end of the day. As such take time out to research a trade in detail before wasting your time running around.

Having a more aggressive stance

Even when you're right about a trade, if you're only risking 2% of your investment capital, your return will be so small you may even start to think Forex investing isn't even worth it. While sticking to 2% is fine for rookie investors who are just learning how to make trades, if you have actually have a good idea of what you're doing, it's worth it to risk a little more.

Specialize

Many of those new to the forex trade make the mistake of looking around to see which currencies is most profitable. The problem is that almost all currencies have different variables which affects their profitability. Rather than running around, focus on a single pair and trade on that pair only. If you have gain enough experiences trading on that currencies then you can consider adding another pair to your trade portfolio.

Keep records of your trades.

Making mistakes is expected of everybody. When we are new to forex, we should expect to make several mistakes. But is is also important to learn form your mistakes so that you will not repeat them. In order for you to be able to see your mistakes, it is essential that your trading records reflect this. As such, you must note down the reason for your trades as well and not just the transaction details. These reasons will allow you to analyses why you trade in any particular manner and with that you can fine tune your investment strategy.

These simple tips will help you streamline your trading strategy and drop the dead weight in your methods that's keeping you from making the profit you could be. When you concentrate only on what brings you profits, you have more mental energy left to reinvest back into trading. Implement these techniques in your trading plan and you're practically guaranteed to come out ahead of the pack.

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Speaking Like a Forex Pro - Learn Forex Jargon

By Jason Fielder

One aspect of trading the Forex, or even talking to Forex traders, that can be really intimidating is that the Forex market has an awful lot of jargon. For those of us who have been trading for years, this jargon comes as second nature and we don't even think about it anymore.

If you're just getting started, however, you might not know a kiwi from an Aussie, a major currency from a minor, or the base from the cross in a currency pair. When you take all this into consideration, it's easy to see how intimidating that can be.

This article will set out to help you get started. There is a lot of Forex lingo, but at least now you'll be able to jump into the game a little bit more after knowing these common Forex terms:

"The major currencies." There are eight major currencies, which are: the U.S. Dollar, Canadian Dollar, Australian Dollar, New Zealand Dollar, the Euro, Japanese Yen, the British Pound, and the Swiss Franc.

"Minor currencies." This is any currency that does not belong to the major eight. So even currencies of large economies like Brazil, Mexico, Russia, China, and India are all still considered minor currencies.

"Base currency." This is the first currency listed in a currency quote, and is always measured in a unit of 1.

"Cross currency." The second currency listed in a currency quote.

"The Aussie." A slang term for the Australian Dollar.

"The Kiwi." A slang term for the New Zealand Dollar.

"The Bid." Refers to the bid price, which is the price the market will currently purchase a specific currency pair for. The bid price will always be higher than the ask price.

"The Ask." Refers to the ask price, which is what you will sell a currency for. The ask price is the one used when selling.

"The Spread." The difference in value between the ask price and the bid price. This miniscule difference is how some brokers make their money off Forex traders instead of charging a commission.

"Bull Market." A market distinguished by an overall rise in price.

"Bear Market." A market distinguished by an overall fall in price.

This is hardly the end all, be all, of Forex lingo, but this article should at least give you a good informed start into getting comfortable with the slang you'll hear around the Forex markets.

Knowing what these slang terms mean will make the transition into currency trading that much easier.

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What Do You Need to Learn to Trade Currencies Successfully?

By Albert Schmidt

Some people ask me if trading currencies is something you can learn or it's something that must suit your personality. I strongly believe that any skill is learnable as long as a person has a strong desire to persist in learning. Another thing is that Forex allows you to trade with any personality. If you have a better emotional control and you can watch continuously how price is fluctuating then short term trading may suit you better. If you have patience and can wait for a long time for trade to mature then long-term trading is for you.

So the question is what do you need to learn successfully trade currencies? I found one thing that made all the difference in my learning experiences. But first let's look at the reason why people get attracted to trading in Forex or why they start any business at all. I believe they attracted to it by the promise of freedom. How many times you heard "be your own boss", "fire your boss". But what I didn't realize was that trading as well starting any new business required much more effort and hard work than any boss would require.

So the most important thing I found to make my learning experience much more successful is to find an accountability partner. When we study in school we are accountable to our teacher to do our homework. When we work we are accountable to our boss or company. So to make your learning to trade successfully you need to find someone to hold you accountable on finishing your tasks and on following through your plans.

I have my wife to hold me accountable. She has no understanding of any technical or fundamental analysis but she does have understanding of my finishing daily tasks that I have planned. If you can find a mentor who trades Forex it's the best option. But if you don't have such a mentor it can be any of your friends or relative. The most important thing is they need to be supportive of your plans.

The following are few tips on learning Forex trading with and accountability partner. First select a trading system that suits your personality. Now set a daily routine of testing and trading your system. Put on paper how many trades on historical data you are going to test on a daily basis. Make a list of parameters you want to fix in a real-time trade. For example if you get impatient and get out the trade too early you can put it as "Always wait until price hits the take profit or stop-loss levels."

At the end of the day or at least at the end of the week report to your partner how well you followed the plan. Don't pay attention to a result of any single trade. If you lost but managed to stick to your rules then it was a successful trade. If you had a profit by violating your trading rules then you failed. This is what needs to be reported.

You may be thinking that having an accountability partner is not very important thing. Trust me if you do it on a consistent basis very soon you will develop a habit of accomplishing whatever you set to accomplish in your trading plan. Once you have that habit in place the success in trading becomes surprisingly easy.

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.

Learn to Swing Trade in Forex

By Albert Schmidt

The key ingredient in successful trading is patience. In today's world of "fast food", "drive through", "get it now" type of environment very few people have the essential patience that can make them successful in their trading careers. In my opinion a lot of people due to their impatience want to make a big profit immediately and start with trading short-term techniques like scalping. I think one needs to start with a longer term trading techniques like swing trading. First it much simpler to execute and it develops necessary patience. Besides that there are few other advantages of swing trading.

1. Pay less in spreads

All people know that most brokers do not charge commission per trade but what they charge is a spread. It's a difference between buy and sell prices. Those who practice scalping know that to make a good profit you need to execute a high number of trades. So if a trader works with a currency pair that has 3 pips spread and he executes 20 trades then he is already short of 60 pips. The profit target in scalping is around 10 pips. On the other hand swing trading based on a daily chart requires executing very few trades with profit target usually being over 100 pips.

2. Low level of noise

If you trade short term then you have to use lower timeframe charts. The lower the timeframe the higher the noise level. I met some scalpers who use 1-minute charts. On charts like that everything looks like buried in noise. The longer-term techniques like swing trading require 4 hour or even daily charts. It's much easier to spot the right price pattern on those charts than on 1-minute chart.

3. Effective emotional control

When you have to monitor continuously your trade it drains out your emotional energy very quickly. I think you are familiar with the emotional roller coaster of observing price to fluctuate for and against your trading position. With the swing trades you need to monitor you trade for very little amount of time. Many swing trading techniques are based on analyzing the charts at the end of the day. Even though emotions are still involved it's not like with scalping. The intensity is much lower.

4. Being able to trade part time

Many people come to trading to make quick money on the side. They may not realize that it will require effort and hard work. But the best option for them is to go with swing trading. As I mentioned before it requires very little of your time to monitor your trades. However it does require large amount of time to study the market and educate yourself on trading.

Swing trading requires patience though. It may require even more patience than other trading techniques. One trade may last a few days for some swing trading systems. Some days you may even have no trades. But the benefits of developing patience and discipline will be fabulous for your trading outcome.

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 System That Has Been Created For You

By Albert Schmidt

In the beginning I believed that the secret of the profitable trading is in a trading system. I thought that as soon as I found the right system I would start making money in Forex. Later I realized that it was not the system matters but how well it fits your personality. In my experience the best systems for me were the system I have created myself. You can do it too. It's not a rocket science. All you need is some experience with the charts. Follow the steps outlined bellow to make a profitable system for you.

1. You need to pick a currency pair and a time frame

It is very important to focus on one currency pair and one time frame. It is very rare to see a trading system that would be equally profitable for all currency pairs and all time frames. I believe the choice of the time frame will depend on your trading style. If you are a swing trader then 4-hour or even a daily chart will be the best choice for you. If you are a scalper then 5-minute or even 1-minute chart will suit your trading habits the best.

2. You need to find parameters that generate buy and sell signals

This may seem to be the hardest step but it isn't. If you study your charts long enough and put any of your favorite indicators or look for your favorite chart patterns you will find easily many patterns that you can use as a signal to buy or to sell the pair. Write down the rules of those signals on paper. The next things you need is to define the rules for stop-loss and take-profit placement. Once you have these rules in place you are ready for the next step.

3. Test your system on the historical data

Most trading platforms come with a significant amount of historical data. What you need to do with the rules of your system is to test it on that data. Go back in time with the data for the currency pair of your choice and start moving forward. As soon as the conditions of your buy or sell rules are satisfied place a horizontal line across the price you would enter the market. Also you need to place lines across take profit and stop loss prices. While you go forward look for the price to hit one of those lines. Write down into a spreadsheet gain or loss for the trade. Continue until you have at least 100 trades tested. Calculate mathematical expectation of your system. If it's positive you are ready for the next step. If it's negative you need to go back to step number 2 to find another parameters for your buy and sell signals or refine the existing ones.

4. Test your trading system on a demo account

Now it's time to test your system in real time. You need to do it on a demo account. As it was with the back testing make at least 100 trades. Don't worry if it takes long time. Market is always there. It is better to have a profitable system to trade than to lose all your money quickly. If you are satisfied with the results of your system in real time test you are ready to move it into your live trading account.

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.

Do Forex Buy-Sell Signals Have Any Use For You?

By Albert Schmidt

I believe any trader was pondering an idea to join Forex buy-sell signal providing company at some point in time. Anything related to Forex business is filled with hype and scam. However there are some providers who provide reliable signals. Do they have any use for traders? Let's find out.

First of all before I join any signal provider I would find out if they were trading their own signals. Anyone can tweak his trading system to the historical data, put up a disclaimer that they are not responsible for anything and start selling their signals. That's why before you join you need to do your due diligence - find out if they trade their own signals.

Now given that a signal provider is not scam can you actually benefit from it? In my opinion paid or free trading signal is just one more tool in a trader's toolbox. If you are already consistently making profit then quality signals will only propel your success in trading. If you are still failing with any trading system then probably your trading mindset is not developed well enough and signals are not for you.

It's quite surprising to see how one trader takes the signals provided to him and makes consistent profit in Forex. While another one using the same signals keeps losing money. This is what happens with the losing trader. After a few trades that didn't go as he expected he gets upset and skips the next trade which turned out would be a winner and would cover his previous losses. The opposite situation is also true. After a winning streak of trades he gets overexcited and forgets the money management rules and enters the next trade with the money he cannot afford to lose and loses almost entire account. I know it because I've been there.

Go to any online Forex trading forums and read reviews on buy-sell signal providers. You will be amazed at how one trader says that he is continuously making profit from signals. While another one complains that he lost a fortune with that company. I suspect the latter type of trader have joined a signal provider just to release himself from the responsibility for his trading account. That was my own experience. I always was looking for someone to blame in my failure.

I repeat again and again that the most important ingredient in trading is discipline and mindset not the tools. If the trading skill-set in place then any good trading tool will bring you closer to success. If there is a leakage in mindset then no tool will help you. Trader needs to develop a disciplined approach to his trading first.

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.

Does Such Thing As the Best Forex Trading Course Exits?

By Albert Schmidt

After taking so many trading courses and not being able to benefit from them enough I started questioning if those courses are any good for traders to help them becoming successful. The problem was that I wasn't able to make profit consistently in trading at that time. Now I keep hearing from beginner traders questions what's the best Forex trading course. In my opinion a trading course can help you only so far. You need to work on your discipline and mindset on your own. No course can help you with that.

In my experience it was not the course that helped me to become successful. It was a book written by Mark Douglas "Disciplined Trader." If you are trading in Forex or if you are thinking to trade then I highly recommend you to go and buy yourself this book. Author has not only outlines the psychological issues around the trading but also gives you step by step exercise to overcome those issues. If you follow his advice and have a patience to apply it over and over again then I guarantee you will start making consistent profit in your trading.

Once you achieved your goal to become a disciplined trader then you can go and look for the courses that will teach you to become even more successful. I agree that success is a journey not a destination. That's why a good trading course hast to be on a continuous basis. There are a few such courses. For example Rob Booker's training have one time fee and you get lifetime access to member's area and personal support. Peter Bain's Forex Mentor course is another example. Unlike Rob Booker's course this one has recurring billing every month to access the community of Forex Mentor.

Another question is what about paid trading strategies and trading software. Besides that there is whole a lot of hype and scam you still can find some decent strategies or software. The question is how valuable they are for you. Any successful strategy is simply a tool. If one does not have a discipline to follow through when a system loses a few times then this person will fail any system or software. The mindset is the most important thing in trading. These strategies can be great tools in developing trader's mindset and discipline. If a trader executes it again and again regardless of the result of the last trade then he will develop discipline in trading.

I strongly believe that it takes hard work and dedication before a failing trader can change his mindset and become a consistently profitable one. But the results well worth the effort. Once you reach the stage when you can follow through with discipline and patience with your trading system then a good trading course will benefit you a lot. Otherwise it would be better to develop your treading skills 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 Mafioso Review - Is This Forex Trading Software System a Scam?

By William Barnes

Are you searching for a Forex Mafioso review? This is one of the automated trading software programs that have become more and more popular today. These auto trading robots claim that they can help their users make hundreds, even thousands of dollars per day on autopilot. Are such claims legitimate, or is Forex Mafioso actually a scam? I decided to download this robot to find out for myself how it works.

1. What Can The Automated Forex Mafioso Software Do?

This automated trading robot is able to detect trends in the currency pairs of the currency market by using a form of analysis called technical analysis. This form of trading is a fairly accurate way to trade the Forex market, and the Forex Mafioso software is able help traders do all this analysis automatically.

2. How Does Forex Mafioso Trade Automatically?

The software has a series of mathematical algorithms coded into it. Therefore, it is able to capture all price movements in real-time and use its internally programmed trading system to determine if a trend is indeed forming. Once the robot has identified a profit opportunity, it can open trades for you automatically and help you sell your position when the trend starts to reverse.

3. Can You Really Trust The Forex Mafioso With Your Money?

After putting this trading robot to the test on a demo account to conduct forward testing, I have found that it is indeed able to produce the smooth equity curve that you see on its back-test results (which you can find at the main website of Forex Mafioso). The robot will aim to make small consistent profits while keeping risks low by exiting trades when the price is showing signs of reversal.

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Forex Mafioso Review - Forex Trading Software With Automated Buy

By William Barnes

Are you looking for a review of the Forex Mafioso software? This Forex trading software with automated buy signals is apparently able to trade for its users and make money for them automatically. They make trading decisions for their owners on their own, freeing up the trader's time. This allows traders to profit from the currency markets without having to sit in front of the computer screen all day.

Automated Forex trading software systems are very popular right now, but I must admit that I thought this was all a big scam at first. I am sure that many people will be very skeptical when they hear about a money-making opportunity that is automatic.

1. Why Is The Forex Mafioso Software a Useful Tool For Profiting In The Currency Market?

This software has been very useful for me, helping me identify trends and price reversals long before they happen and placing trades in that direction automatically for me. Making money from the Forex market manually is only possible if the trader sits in front of the computer screen for long hours. This was exact situation the currency traders face in the past, but automated software robots are going to change all that.

2. How Does Forex Mafioso Software Benefit Beginner and Expert Traders?

Anyone can use this automated trading robot without needing any prior experience in Forex trading. Beginners can therefore make money by using the knowledge of expert trading system that has been pre-programmed into the trading robot.

Experienced Forex traders can also benefit from an automated trading robot like Forex Mafioso. Since the robot is completely customizable, the expert trader can change any settings within the robot to suit their own needs. However, beginners should always keep the optimized default settings for maximum profits and minimum risk to their capital.

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Where Do I Learn Currency Trading If I Want to Become a Highly Profitable Trader?

By William Alheim Jr

The art of exploiting the Foreign Exchange Markets (Forex or FX) is thankfully a skill that can be taught by an instructor and learned by a student. As opposed to becoming a concert pianist, which can be taught by an instructor but almost never learned by the student. Another analogy my father used to make, is; "You can train a mule forever, but he is never going to win the Kentucky derby." It is very possible, if not probable that you can learn currency trading and make serious amounts of money if you become dedicated to that task.

Learning Forex trading is a relatively inexpensive and non time consuming process. Inexpensive, that is if you have a little money to invest in your future, if you don't have any money then you need to get some before beginning your education. The basic online currency trading courses start in the range of $100 and go up to $600 for the full fledged mentoring programs.

The courses are advancing and improving each and every day. They are almost always instructed by a full time professional currency trader who is just doing it in there down time to make a little extra money. What do I mean by "down time?" The vast majority of the time a professional FX trader spends at their computer isn't trading, but waiting for their specific computer programming to kick in and recommend a trade. In other words, it is kind of like being a policeman on a steak out, which is 95% boredom and 5% adrenaline rush.

Some of these courses supply an incredible amount of information and products for a nominal price. One recent upgrade by a highly reputable course happened this past week. Now, not only do you receive the instruction, you also obtain the software packaged specifically developed for this course, which if purchased alone would cost in the $100's. And on top of that they send you daily signals before the market opens and though out the day if something good pops up. You try signing up for signals from a big time Forex signal providers and see what it cost; it can run into the $1,000's per month. And you receive all of that for $50 a month or $500 a year. When I read that I said to myself, "that is just unbelievable the improvements that are coming up with constantly."

The market is very competitive for the suppliers of these programs and they are getting better all the time. The reason they are doing this, of course is that private investor entering the currency markets is growing continuously. It does not take the novice investor too long to determine it is much less expensive to take a course and learn what they are doing as opposed to gaining that knowledge through trading and dropping a few $1,000 in the process.

There is a lot more information I could provide about how to learn currency trading, but you really need to investigate the individual courses for yourself and try to find the one that meets your needs. If your thinking about entering the Forex markets you can pretty much just forget about learning all there is to know on your own, that is unless your rich and don't mind losing a substantial sum to gain that knowledge. In addition, if you watch what these instructors are doing to create a niche for themselves in the market you will find the value they are providing is increasing on a daily basis.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money!

What is the Difference Between a Forex Trading Platform and a Forex Software Trading System?

By William Alheim Jr

A Forex Trading platform is supplied by the Forex brokerage firm you select and is the software that is used to actually execute a trade in a currency. A Forex software trading system is a piece of software you utilize to help analysis data with the end purpose of making profitable trade in a specific currency. Although they are separate pieces of software supplied by different companies it is possible to integrate the software's so it is fully functional as a single structure.

The Forex trading platform, for the most part comes in two distinct categories which each type offers its advantages and disadvantages. The first type of software is a web based platform that allows you to trade anywhere in the world on any computer without needing to download the software, which if you travel frequently is certainly a plus. The negative of a web based Forex trading platform is that it does not permit integration with a Forex software trading system.

The other major category is a META4 type of system which offers a seamless integration of a Forex software trading system and functions as one piece of software. The disadvantages is that you need a specific computer to trade with that both pieces of software have been downloaded to.

Forex trading software systems come in an almost endless variety of styles based on the passed experiences of the professional currency traders whom instructed the software engineers of there design. The two principle types of software used by most professional FX traders are a trend based system and a signal based system. The majority of professional traders have both of these systems functioning simultaneously at as a minimum system requirement for successful trading.

The other major category of Forex trading software systems is a formula based approached, based on the past experiences of the developer that has been proven to be a profitable method of trading. These can be and often are used in conjunction with the trend and signal based systems.

The Forex trading platform and the Forex trading software system are two separate packages required to trade the currency markets. The platform actually makes the trade and the software system advices the user on when, where and how to trade. Individuals first entering the currency markets mistakenly attempt to get by with either a trend or a signal system which has been proven the second biggest mistake the beginning trader makes. The number one largest mistake they make is not learning how to use the software before trading with real funds. There are many inexpensive currencies trading systems available for commercial use that offer the trader a real upper hand on the markets if utilized properly.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money!

Obtaining a Forex Education Can Expand Profits and Cut the Time Required to Start Seeing the Money

By William Alheim Jr

Learning how to trade Forex successfully will surly change your life forever, but if you desire to join the life style of the rich and famous it is advantageous that you become a top level trader. A top level trader is a discipline individual, who does not get caught up in excitement, but maintains a level head and realizes they only reason they are doing this is for the enormous wealth they are creating and NOT for the adrenaline rush they receive by making a trade.

A top level trader engages in considerable fewer trades than the normal prosperous trader, due to the fact they realize that while opportunities are always present, it is best to only participate in the sure fire winning trades and not speculative guesses. The top level trader is not in it for the action, not in it for the game, not in it for the glamour, but in it for one reason and one reason only, which is to make big money.

The top level trader is patient, so patient in fact, that watching grass growing is sometimes more exciting than watching them trader. And then boom, bang the explosion hits and they roll into action with seventeen aircraft carries behind them and make the huge score and just as quickly exit the seen and put the big bucks in the bank. Then is it back to watching the grass growing waiting for the next mega can't miss buying opportunity to present itself.

The top level trader is like the jaguar in the Amazon jungles in Brazil that creeps in silently in the night and makes the kill and just as quickly leaves the area without being heard only leaving fear and destruction in its path. You know there out there, you just don't know where they are or what they are doing. The only thing you do know is that they are dangerous, wildly unpredictable and are making huge sums of money.

Learning how to trade Forex and become a top level trader is not really as difficult as it might seam. The skills they possess, the knowledge they have, and the expertise they have gained can be acquired in any one of the many high quality Forex mentoring programs being taught on the internet. The killer instinct, the patients, and the ability to completely hide their emotions are the factors that separate them from the average professional currency trader and are self taught.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

Forex Charting Software and Knowing How to Interpret the Data Received is When the Real Money Starts

By William Alheim Jr

The purchasing of Forex charting software is a necessity in the articulation process towards becoming a profitable currency trader. With the proliferation of the general public into the Foreign Exchange markets right behind them came the professional FX traders and software engineers researching, designing and developing specialized software intended to enhance the end users probability of making money consistently.

Over the years the credibility of this dedicated software and it success rate has increased drastically, virtually ensuring a knowledgeable end-user a highly lucrative career trading currencies. The key word here is "knowledgeable," with not only the use of the software, but the Forex markets on the whole. Purchasing a piece of software and attempting to trade the currency markets without understanding the complexities one is facing is undoubtedly a formula for a financial catastrophe.

Assuming one is all ready extremely well versed in the markets or has taken the time required to obtain that education then the next step is to start implementing one or a combination of the many excellent software packages available today. The majority of the professional Forex traders have at a minimum have two distinct styles of software function constantly while they are trading. These are a trend based system and a signal based system. In addition to those systems they might also employ a formula based software system established by the experience they have gained over the years making profitable trades.

These specifically designed Forex charting software packages have advanced significantly though out the years. In fact, there is one package available for an individual to purchase and utilize that is the same product that people pay thousands of dollars each month to have the signals it generates sent to them by commercial companies that concentrate in providing signals for the Forex markets. Not only are you able to receive the same signals that people are paying thousand a month for, the cost of this software is literally in the hundreds of dollars. If long term success in the Forex markets is something you are attempting to accomplish then you really owe it to yourself to fully research the software that is available today which can enhance your prospects.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money!

Forex Broker Reviews Can Provide Valuable Insight When Attempting to Make This Critical Decision

By William Alheim Jr

The selection of your Forex brokerage firm is almost as an important a decision as choosing which currency mentoring program to take or which software based trend system and signal system to utilize while trading. There are numerous websites on the internet that have spent time opening and maintaining accounts with the top currency brokers and offer Forex broker reviews. The majority of these reviews are conducted by professional traders who where going to open the account with the different brokerage firms anyway and decided to write about their experiences.

There are so many aspects to consider when selecting a Forex broker that an article simply does not supply enough detail to thoroughly cover the subject, you really would need to write a book. A few of the features one must take into consideration when selecting a broker are customer service, security, server down-time and the expense of operating with a specific broker.

I personally consider customer service the most important factor when doing business with any firm, much less a company that is going to have a substantial sum of my money. If there is an issue with anything regarding my account I need to have access to employee of the firm immediately and receive a resolving explanation to my inquiry.

The next important characteristic I take into consideration is the online security provided by the brokerage firm. This is not an easy part of the evaluation process since most of the firms fail to provide this information or the data they do supply is not comprehensive enough to make a decision. So on this factor I always choose to error on the path of longevity and size, utilizing the assumption the longer they have been in business the more likely the have been forced to fight off numerous internet attacks and the larger they are the more funds they possess to invest in this highly speculative issue.

A server of a brokerage firm can simply not go down and fail to provide you access to your account. For those of you that are new to trading I am sure you really have difficulty understanding the importance of this issue, but trust me when you lose $10,000 because you could not get to your account for fifteen minutes you will come to appreciate this critical factor. To the best of my knowledge, I have only been able to find one brokerage firm that has software and hardware sophisticated enough to switch from one server to another when they are having problems with one thus eliminating any downtime to their clients. That firm is Easy Forex, the largest brokerage firm in the world.

The next trait I take into consideration are the expenses of operating with a particular brokerage firm. Commissions you pay a Forex brokerage firm are called "Hops." But notice I did not say I consider Hops, but expenses. Many of these firms have all kind of hidden cost that you only become aware after you are a client. As long as the firms expenses are within the normal industry averages and they are providing everything else I require then I am more than happy to pay them. I am surly not looking for the least expensive place to trade with. I am a businessman myself, as are most of you that are reading this and realize that providing exceptional service cost money and that money must come from somewhere.

There are many websites that provide very detailed Forex brokerage reviews that cover the subjects I mentioned above. It only takes a few minutes to read these and research the firms you are contemplating becoming a client of. By doing this you should improve your chances of becoming a highly successful profitable Forex trader we all desire to achieve one day.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

Forex Analysis of the Relevant Data is the Corner Stone to Being a Profitable Trader

By William Alheim Jr

Making money in the Foreign Exchange Markets (Forex or FX) essentially all comes down to one thing, analysis the available data, determining what data is relevant and utilizing the relevant data to predict the movement of a currency. It sounds quite complicated, time consuming and difficult to learn, much less execute. It really is not that hard to do and the information below will provide an outline to follow when attempting to implement this process.

The first step is to determine what data is useful and what data should be discarded. There are two ways you can gain this knowledge, either to trade the markets for a while and get it though experience or take a Forex training course. By trading the FX markets you will receive the knowledge, but at what cost? Learning Forex trading by taking a training package will certainly cut down the learning curve and open up possibilities you might have not learned by experience alone. It is really pretty much to you at this point.

The second thing you need to do is acquire the software that collects the data and separates according to its preprogrammed specifications. Every professional trader or for that matter every successful independent trader surly has software that performs the most basic functions if you every want to make money trading the currency markets. One is a trend based system and the other is a signal based system. These are the bare minimums requirements necessary to properly analysis the Forex markets data. Most of the traders will also have some type of specialty developed software or formula based software systems to plug the data they extract from the other packages.

To properly analysis Forex market data is not really an issue in the world of the internet. There are many high tier educational programs where you can learn Forex at the top level. The next step, of course is to acquire the tools required to succeed in the markets and in today's computer age again they are many commercially available products of very high quality and low cost that allow data analysis which I only dreamed about when I entered the markets for the first time.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money!

A Professional Forex Mentor Certainly Will Facilitate a Quick Move to Profitable Trading

By William Alheim Jr

As with any profession, obtaining the best possible education possible certainty enhances your chances of being successful. While there are many excellent commercial online Forex training programs available, they all fall short in the one aspect the mentoring educational classes excel at, which is the one-on-one personal approach.

These mentoring programs are instructed by professional Forex traders that are actually teaching you at the same time they are trading. The majority of these programs allow you to execute the same trades as the instructor; essentially paying for the class from the profits you make will take the class. Once you learn more about trading in the currency markets you will find the vast majority of your time is spent researching, examining, and evaluating currency data and determining when to enter and exit the markets. During this time is when the majority of the instruction is taking place.

While each and every mentoring is different, just like each and every professional traders approach to the currency markets is dissimilar they all possess one similarity, which is they are all profitable approaches instructed by professional traders. Some of the features these courses offer are customized trades based on your budget, one on one sessions, daily reports before the market opens and also mid-day reports. These are just a few of the features they offer; you will need to check each individual program for its specific structure.

While researching for this article I can across three programs that I thought were of high quality. They are Straight Forex, Fap Winner and the Forex Brotherhood. After reading each of there information I thought it would be quite possible that by the end of the course not only would you have received an exceptional education you would have paid for the course through the profits you generated while taking the course.

A Forex mentor can be useful for the novice trader in addition to the trader that has not been making as much money as they desire. It certainty always helps to see how somebody else does it and watch them make money. At the very least it proves to you that it can be done, it is being done and that you can do it. When selecting a university for your children and you have the opportunity to send the to a local community college or to Harvard, what institution are you going to select for your child. Well then don't you deserve the same opportunity to receive that quality of training, of course you do.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money!

Acquiring a Forex Education Can Expand Profits and Cut the Time Required to Start Seeing the Money

By William Alheim Jr

Well you have decided that the stock market sinks, who can blame you there, and it is time to look else where to make a little money with your investments. A few of your friends have mentioned that they are doing well trading Forex, and the first thing that came to your mind was, "what is Forex?" Forex or FX is short for the Foreign Exchange Markets which have essentially been existence since man began trading goods and services with there neighbors. Up until 1997 it was the private domain of the banks and other large financial institutions. Since the deregulation the private investor has flocked to it in droves. Since the starting point of private investors was zero, it really only now just becoming a household word. There are huge amounts of money being made by the individual trader today and most of them began by obtaining an exceptional Forex education before beginning to trade.

Of course, you could always start trading before learning what your doing, which is what you do with almost everything else. But there is one exception, with trying that in the currency markets, your going to lose your MONEY. I am being polite using the term money, I wanted to use something else, but the publishers of my articles won't let me. To bad for you, my point would come across stronger.

There is a HUGE difference between the instruction you receive in a Forex education course and a stock education course. The stock market is a relatively small market or should I say tiny as compared to the currency markets. Do you know that all the stocks traded in New York for a year would only equal four days of trading on the Forex market. There is not a course taught by a professional stock investor that is going to let you make the same trades as they are making, at the same time they are making them. The reason for this is, your trade could affect the price of the stock the instructor is going to buy or sell. The US or Japanese governments might want to enter the currency markets and attempt to prop up there currency or decrease its value, but they can only do this for a few days or weeks at best, because they run out of money due to the fact it is so large.

In other words, the professionals teaching the currency training programs could care less if you purchased the same currency they do at the exact same time they do because it will not have any affect on the price they are paying or receiving because the market is huge. I am attempting to make such a strong point of this because there are numerous high level Forex educational classes that allow you to trade with a professional trader at the exact same time they are doing it. In other words, you get the Forex education for FREE and even leave the course with money in your pocket. Where else are you going to receive a value like that? No where is the answer!

After acquiring a Forex education from a top level mentoring program you will almost always leave the course with more money than you started with. Not only do you make a profit on the course, you also acquire top level training in a highly lucrative field. The courses taught in the currency field really do up hold the old saying, "you get what you pay for." Except in this case, not only do you get what you pay for, they give it back to you and a little more to boot.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money!

The Facts About Forex Autopilot System

By Sean Bailey

Anyone involved in forex trading can tell you about the forex autopilot system, or FAPS. FAPS has been in the market for a while now and offers many various benefits and features to its users. The product does just what its name says; it trades for you on autopilot. MetaTrader4 is actually the program used here.

Marcus Leary developed the forex autopilot system when he realized how much easier his life would be if he had something to make trades on his behalf when he had other things to do during the day. With this platform, even beginners forex trading have the potential for maximized profits while at the same time teaching them by observation the ins and outs of the foreign exchange market to better their understanding and sharpen their skills. The best part is that you can do this through a demo account without having real money on the line. Users can opt for a demo account to help them get more comfortable with FAPS before they enter the real market using real money. At the same time using the demo account, the mechanics and details would still be the same. Once you are comfortable using the demo account, you can then upgrade to a real account to use real money.

If you find out that you are having trouble using the forex autopilot system or just aren't happy with the product, you can get a refund and end your demo account before you enter the actual foreign exchange market with real funds on the line. When you use a forex autopilot system it is important to take advantage of the demo period to make sure you are aware of all the features and have customized the features to meet your personal needs for trading.

So does Forex Autopilot System live up to its name? Well, it is definitely a good forex software but the best forex software is what works the best for you by meeting your individual trade needs. The best way to get started is to read automated forex software reviews. For a list of comparison, CLICK HERE