Recent Posts

Blog Archive



Saturday, October 25, 2008

Which Forex Education Produces the Best Results and Long Term Profits?

By William Alheim Jr

There is a world wide financial crises and a world wide recession and you find yourself wondering which way to turn for financial stability for yourself and your family. The currency markets are defiantly one alternative, provided you take the time to learn Forex trading before investing your hard earned funds. To accomplish this task you should take a Forex education program that fully prepares you for all the complexities your about to face. But which currency course produces the best results and long term profits? Now to worry, a few pointers below will point you in the correct direction.

The are so many ways to learn currency trading online today that when you start researching which course to take you head is going to start spinning attempting to evaluate all the marketing material they are going to throw at you. Essentially all of the top tier FX training classes are going to do an excellent job at teaching you what that specific program is attempting to focus on. The following information recommendation is a specific course of action is for the beginner entering the Forex markets. If you have a little bit of experience you might want to take a more advanced approach which focuses on specific money making methods one could use to trade with.

If I had to start all over knowing what I know now, I would take a comprehensive course that provided me a well rounded Forex education as my first currency training class. The reason for that is that I would then have a basic understanding of every aspect of the markets that I could use to build my knowledge with. My next step would be to immediately enter a mentoring program where I could receive one-on-one training from a Forex professional trader. After completion of those two courses you would be well prepared to start trading for profits.

When you look at it from the outside not understanding the potential the currency markets for making money you think of these courses as a little expensive. The reality is that once you become a successful private Forex investor you realize the exceptional value they really are. If you really are sure you want to start trading the currency markets then acquiring a top notch Forex education is the way to go. If you think you smarter than that and don't need one to make money in the markets learning to trade the currency markets on your own, well I really would like to talk to you in a month from now and hear how you did.


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

All Automated Forex Trading Systems Are a Scam; You Are Really Not That Gullible Are You?

By William Alheim Jr

Are you seriously under the impression that you can buy a piece of software for $100 and go play golf and come back a millionaire? If you are I have some bad news for you, NOT GOING TO HAPPEN! I can't believe how many people actually purchase an automated Forex trading system and leave the automation on, walk away and let it trade their investments for them. And then they are disappointed they lost their money, all I can say is, THERE IS ONE BORN EVERY MINUTE! Why bother to do things the right way and learn Forex trading so you really could become rich in the FX markets, because that is hard work?

All of that being said about the automated currency trading systems, the fact of the matter as a professional Forex trader that makes tons of money in the market I have bought every one of them. When you start making huge money in the markets, like I do the cost of these things is nothing, about one tenth of what I make on one trade. Not only have I bought them I use the best ones every day, as they are on my computer and on constantly.

Are you a little confused now? First I say they are scams, which they are. Them I say I bought them and use them. Well what is it? The automated Forex trading systems are very good at certain task that a human can not do. They function well as data collectors and indicators based on there initial programming. I always run three separate Forex trading systems constantly, a trend based system, a signals based system and a specific formula based system. By following this approach I am provided all the information I need to make educated Forex trades following tried and true methods proven to produce profits consistently over extended periods.

Please, Please, Please, do NOT buy an automated Forex trading system and think that is really going to work for you and make you rich, it is NOT! The only thing it is going to do for you is lose your money. The Forex markets are a great place to accumulate vast wealth like I have done. But you must do it the right way and take time to learn currency trading from A to Z and everything in between before you really have a chance to make it to the big time. If you take your time, learn how to trade Forex, then learn how to use the Forex trading software the way it should be used then you are well on your way to accumulating great wealth.


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 Trading - The Opportunity is There For You But Beware of This Point Or Lose

By Sonia Kristina

Forex trading is an opportunity to build substantial wealth but most traders simply don't make money and a whopping 95% get wiped out quickly and that's because they simply fail to consider this point...

Forex trading is NOT easy! You wouldn't expect it to be with the rewards on offer yet traders still do the following and lose.

- Believe a robot which has never been traded will make them successful

- Think they can follow a so called expert and win

- Trade breaking news

- Trade on their gut feelings

Now you can win at forex trading and everything about it can be learned but it's NOT simply about having a sound logical trading method - it's about having the discipline to apply it to - the two are linked!

So why is discipline so hard?

Because you are trading in a market where only you can be wrong and it's always right and it will hand you losses sometimes for weeks on end - you are going to feel stupid and doubt your method. Of course, if you deviate from your systems signals and cannot trade through these losing periods, you don't have a system at all!

Now most traders simply don't get the right forex education and fall for the "it's easy" and simply don't have confidence in what there doing and this means discipline breaks down.

The Good News is:

If you are aware of the above you can cope with it and get a simple forex trading system you understand and can apply with discipline. For the effort you have to put in, no other venture can give you such great profits.

You can learn forex trading in a few weeks and execute your forex trading strategy in about 30 minutes a day and earn a great second or even a life changing income.

The opportunity is huge - so learn, get confident and apply your method with discipline and forex trading success can be yours.


NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf's, with 50 of pages of essential info on how to Make Money in Forex visit our website at: http://www.learncurrencytradingonline.com

Forex Trading - A Simple Tip to Super Charge Your Profits

By Sonia Kristina

The tip enclosed is simple and can make your system become more profitable instantly. Its not accepted wisdom in the Forex community but don't let that worry you most Forex traders lose...

I spoke to a trader the other day who trades his family's portfolio and it's a good few million and we looked at his track record which is outstanding 3 years compound growth of 77% with just 18% maximum drawdown.

What was interesting was how many trades he made per year and it worked out at 9 - That's less than 1 a month!

He is patient and waits for big high odds trades, loads them up and leaves them for weeks or months and makes big profits. This guy proves the point that trading frequency and effort has nothing to do with profits - its accuracy with your trading signals.

Now contrast the trader above with the vast amount of traders, who day trade, scalp or are always in the market and most of these lose hands down. Their trading too much, hitting low odds trades and losing.

Many traders think the more effort they make and the more trades they put in, the more chance they have of winning but this is simply not true, you don't get rewarded for effort you get rewarded for being right.

Also trade short term and you lose - because for example all volatility is random in a day session, that's why you never see a day trader win. Many get fixated with watching all the short term fluctuations in the market, and miss the fact that if you look at any Forex chart, the trends to trade are the ones that last for months or even years, it may not be exciting - but it sure is profitable!

The big high odds trades don't come around all the time but if you are patient, wait for them and hold them you can make a lot more money with less stress.


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

Forex Robots - Beat the Market and Make a Killing on Auto Pilot

By Sonia Kristina

Forex robots are big business online and most promise big gains with no real effort on your part - all you do is following the trading signals and the profits will come - but do they deliver and which are the best? Lets find out...

The first point to make is most Forex robots simply don't work and while the track record looks attractive it's a back test on historical data and all the vendor does is -look at his Forex charts and decide where he wants to buy and sell and of course this is easy as he knows all the highs and lows!

When these robots are traded for real they lose, as no two data sequences repeat exactly ever again, the system collapses in real time and the trader gets wiped out.

Most of these robots are simply great marketing copy and you don't get a track record that Warren Buffet would be proud of for $100 - period.

Do any Forex Robots Work?

Yes they do - but you have to understand certain key points if you want to make money with them. A good Forex robot can achieve the following:

- Gains of up to 100% per annum

- Drawdown of equity between 25 - 50%

- Length of drawdown before new high 2 - 6 months

As you can see you see the best do make healthy profits but you must accept there long term and that you have to sit on months of losses and still execute the trading signals but if you have discipline and take a long term view, you can make a lot of money.

Make Money This Way

Get rid of the simulated paper systems and find some ones with good solid track records, understand how they work, so you can follow them with discipline and stick with them and you can enjoy currency trading success.


FREE! PROVEN FOREX ROBOT!

For 2 essential free trading Pdf's and for more on a successful FREE Forex Trading System and an exclusive RISK FREE Forex trading Course visit our website.

Automated Forex Trading - Why Most Will Destroy Your Account and Do it Quickly

By Sonia Kristina

Automated forex trading is presented as a way to make automatic profits with no effort but in real life the robots that make big claims have never made any money in real life just on paper and this leads to losses...

Take any automated forex trading system with a great track record and then look to see if it is actually real trading, go the bottom and check the disclaimer.

What you will normally see is the words back tested simulated and hypothetical and this means it's just been made up knowing all the data.

Try this and You Can Make Millions

If I gave you a forex chart and told you to buy and sell on it and make a profit, you could do it easily. Just like the forex robot vendor, you have the closing prices and its so easy a child could do it but that's NOT Real life.

We all know when we trade that we are not going to know what happens next.

The trader who trusts a back test is asking for trouble and it's obvious the track records presented are simply too good to be true. You have a track record Warren Buffet would be proud of, all for around $100.00! There fantasy not reality.

Always keep in mind you can't use simulated dollars to buy groceries or pay the mortgage!

How to Win

Now there are some automated forex trading systems that win and have real time track records of 50% or more per annum but they do have losses as well, so you need to apply them longer term but if you do you can make a lot of money.

Take Forex Trading Seriously and Win

Forex trading offers a great opportunity to make money but you need to avoid the simulations and get a real time track record or get the right forex education and build your own.

Take forex trading seriously and you can make money - think you can make money with a hyped forex robot, with a made up track record and you will end up disappointed.


FREE ESSENTIAL FOREX TRADING PDF's! + FREE FOREX ROBOT!

For 2 essential free trading Pdf's and for more on a successful FREE Forex Mechanical Trading System and an exclusive RISK FREE Forex trading Course visit our website.

A Guide to Foreign Exchange Currency Trading

By Rick Williamson

In 1944 when Europe was inflicted by war, the Breton Woods Agreement was initiated. This was an endeavor to retain the currency of the European market. The currency value at that time was measured in relation to the US dollar which was attached to the price of gold. This went on for a long time until the year 1971 when the Breton Woods agreement collapsed. The foreign exchange currency trading system that propels the market today emerged in 1973. With the advent of computer technology in 1980's the forex currency trading platform widened with more and more countries and people becoming a part of it. In the present era, values of the currencies of different countries are independent of each other. Intervention can be made only through the central banking systems.

Foreign exchange currency trading is the world's biggest business without any doubt. The liquidity of the market is enormous since there is a flow of currency 24x7. The size of this market is more than the united operations of the New York, London and Tokyo future and stock exchanges. Each day there is a turnover of US$1.5 trillion on the spot market. These statistics point out that every day around 1,500,000 forex specialists can manage to earn 1 million dollars on the foreign exchange currency trading market while the stream of money of this market would continue running.

The forex market is a spot market whereby the dealings are done only through cash. Sometimes this market is also referred to as FX market. But it should not be confused with the futures market. The trading in the foreign exchange currency trading is less complex as compared to the futures market and of course profits too, are greater.

It is easy to enter the foreign exchange currency trading market. But different countries have different laws regarding it. It is better to understand and comply with the laws and requisites before entering this platform. The forex market is a worldwide phenomenon and there are many trading platforms involved in it at any given point of time. It runs electronically, continuously for 24 hours and within a network and system of banks, it is referred to as Over-the-counter (OTC) or the 'Interbank' market.

The foreign exchange currency trading market has had an ominous presence and has been the hidden force that directs the economy of the goods, services and raw materials throughout the world. This market lures everybody, traders, bankers, exporters, importers and even small time investors. The sheer enthrallment of its size and limitless opportunities keep the traders glued to it. Foreign exchange currency trading has its own rules. It pursues its own obligations and constraints. It is important for each investor to have an extremely good understanding of the FOREX market and the powers that move this machine.

Access to trading forex, is generally through an intermediary known as a forex broker. These agents can also provide abundant advice on forex trading and the market. Many people are interested in forex trading. Before you start trading, getting a good forex education is important. The forex market is a technical market with its own terms and processes so it is most important you grasp the fundamentals of this market.


Want the best information on forex trading? Rick Williamson researches forex information at Forexebookstore.com

Forex Currency Trading - How to Success on Forex on the European Markets

By Mikel Freije

Forex currency trading is a specialized task and is not based on the trial and error method. It is distinct from the traditional trading that involves buying and selling of a product or service. FOREX currency trading for beginners is not for everyone, but it is for the investor who is ready to step forward in an effort to make profits that are the dreams and envies of those nearby. You can develop into a better and more profitable trader by applying some of the more imperative forex currency trading rules consistently with an appropriate amount of discipline. There are few principles that can help to perk up your chances of success if they are understood, practiced, and implemented in your trading on a regular basis and these rules have been learned in the trenches, mostly through testing and scrutinizing the common mistakes nearly every trader makes when starting out in the forex currency trading business.

Investing in the foreign exchange market can be both an exhilarating and rewarding experience. Coming out with high profit gains can give you a rush and at the same time, an enormous amount of satisfaction derived from earning a lot through simply studying and understanding how forex currency trading works. Investors may lower their exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'limit' orders.

Successful traders are always learning and growing.Finding useful resources that provide good information, solid advice, and/or proven concepts is sometimes difficult to do. There is much information out there that is, at best, irrelevant, and at worst, erroneous. Successful traders use a combination to make more accurate predictions. Once you have the knowledge of how the forex currency trading works open a demo account and paper trade to practice until you have what it takes to make a consistent profit.

European currencies had a number of crises because of the attempts to adjust their rates towards one another artificially. French frank and German mark used to create the basis for the Continental European currencies and formed the European currency system. Euro traders need to recognize that even if the European economy is growing, the trading basis is for the dollar to rebound because European productivity is significantly less than American levels. The pattern for the euro has been a reversion to its trend after a news shock. European markets open in frankfurt at 2:00, while London opens at 3:00. New york forex markets open at 8:00.


For more information on Forex Currency Trading visit our site: All You Need to Know About How to trade forex.

Forex Trading - The Critical Two Elements ALL Successful Traders Need

By Kelly Price

There are two elements to a successful Forex trading strategy but most traders fail to understand how the two elements combine to make a profitable Forex trading strategy. Most traders don't understand the link and lose...

The first element you need and you probably guessed - you need a robust, simple, forex trading system based on sound logic - most traders however cannot even get this right and make these critical errors.

1. Use a Forex Robot that's Been Back Tested

They then think this should work in real time and of course it doesn't. If you have all the data and bend the track record to fit you get profit in hindsight - but going forward no two data segments repeat exactly the same and the system collapses in real time. Most traders follow these automatic trading systems and all the ones with simulations destroy equity.

2. Day Trading and Scalping Strategy

The logic of doing this form of trading is dumb - all volatility in short term time frames is random, so you can never win.

3. Predictive Mathematics

Predicting is hoping and guessing and you won't win at Forex doing that. Also markets don't move to a mathematical formula, only the odds - so a complicated theory can be very clever but the market won't respect it, as it doesn't move to maths - period.

To win your strategy should be simple. Simple Forex trading systems work best as they are more robust in the brutal world of trading and you should always trade the reality of price change and not try and predict.

Now the next element is the hard part.

The Keys of Confidence and Discipline

You need the discipline to apply your method through periods of losses, stay on track with your trading signals until you hit a home run - it's not easy, here's why:

Many people online claim that you will suffer little or no drawdown periods and they don't last long - rubbish! Even the best traders in the world suffer weeks or months of losing periods, sure they win longer term - but these periods happen to them and they will happen to you.

When they do, you need to trade through them as the market wrong foots you and hands you losses and its hard to do for most traders.

You need to have confidence in what you are doing and this will be transmitted into discipline. You will never have discipline, if you don't have confidence and that is why you need to know what you're doing, even if you are following someone else's trading system.

Get the right forex education, get a simple, robust, logical method, learn it and have confidence in it. You will then have the discipline to win and enjoy 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 how to Make Money in Forex visit our website at: http://www.learncurrencytradingonline.com

Forex Trading - Anyone Can Learn to Win But 95% of Traders Lose Why?

By Kelly Price

Forex trading is simple to understand and easy to learn yet, 95% of traders lose. There are two main reasons for this and we will look at both here...

First let's start with a fact to make you think:

30 years ago 95% of traders lost and 95% lose today despite the huge advances in communications, speed of data, quality of news and the power of computers and there testing power - the same ratio lose, so all the advances haven't helped.

You can't beat Forex with technology and the fact is simple systems work best and always have, as they have fewer elements to break than complicated ones.

So if you work hard or try and be clever it doesn't guarantee you success.

You may now well be asking...

If it only takes a simple system to win, anyone can do that and yes they can - but they must learn to apply it with discipline.

Discipline is the key!

Most traders can never trade in a disciplined fashion and the reasons they can't are they require that, not only do you need a good forex education but you are fighting your emotions when you trade and let them get the better of you and you will lose.

Normal behaviour we take for granted in society is fatal in forex markets. Let's look at some examples to illustrate this:

- You need to trade in isolation, away from the herd and this is hard, as we are like to be with the majority and not feel on our own.

- You cannot consult an expert, as trading success comes from within - your knowledge and the confidence you have in it and an expert can never give you that.

- There are no set rules in the market, you make your own, trust them and survive by them.

- We all hate losing, it wounds our ego but unless you learn to lose and keep your losses small you will never win.

Now all the above make trading a unique challenge.

Sure you can become disciplined - but don't let anyone tell you its easy - it isn't.

Of course, you wouldn't expect it to be, with the rewards on offer - but if you are disciplined and you have a sound logical method, applying it with discipline can bring you rewards which can change your financial future forever.

The choice is yours:

You can learn Forex trading the right way, or you can listen to the so called gurus and experts, who tell you it's a walk in the park and lose.

Make an effort - invest in a sound Forex education and you will have confidence and discipline and win - it's as simple as that. You can do it if you want to and the choice is yours.


NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf's, with 50 of pages of essential info on how to Make Bigger Forex Profits visit our website at: http://www.learncurrencytradingonline.com

Forex Robots - Promise Automatic Profits But Most Destroy Equity Quickly

By Kelly Price

All the Forex Robots you see promoting big profits online never deliver the same gains in real life and the reason is obvious but most traders ignore it buy one, trade and lose this is the reason why...

Look at the track records presented and then keep this in mind

You are being offered a better performance than the worlds top fund managers on huge salaries for about $100.00 and you are being offered money for no effort.

Sounds good? Of course it does but do you really believe it?

Common sense tells you its not true if it were the whole world would be trading and big trading houses would be full of automated Forex trading systems but this hasn't happened - Why?

Look at the track records the robots produce and you will see there not real money, there a test over back data and no more than a paper simulation. The programmer has all the highs and lows on paper and can relax and buy and sell, where he wants - it's no wonder they make such extraordinary gains - but the catch of course is:

When you trade for real, you don't have the huge advantage of having the prices in advance - you have to trade forward. Of course, this is when the robots are taught some respect by the market and the traders account gets wiped out.

So can you make money with a Forex robot?

There are some good real track records out there but unlike the simulations they have losing periods of a few weeks to a few months but providing you stick with them, you can make 30 - 100 percent gains per annum.

These robots won't make you rich overnight - but they can deliver you extraordinary gains over the longer term and if you find the right one you will be rewarded.

So forget the simulations and the heavily hyped Forex trading systems which have no evidence, in real time to back up their boasts and get a real one, learn its logic stick with it, view it as long term and it will reward you with big long term profits.


FREE ESSENTIAL FOREX TRADING PDF's! + FREE FOREX ROBOT!

For 2 essential free trading Pdf's and for more on a successful FREE Forex Trading System and an exclusive RISK FREE Forex trading Course visit our website.

Forex Robot - A Free Simple System Used by the Pro's That's Made Millions

By Kelly Price

Of course you can buy a Forex robot but most never make money, here you can get 0ne which is free and has made money for savvy traders for over 25 years and were talking millions in profit...

So why is it better than most of the robots you can buy online.

Most Forex robots don't win because they have never made any profits and this is over 90% of the ones you see for sale online. They produce performance graphs in simulation, knowing all the price history - well that is so easy a child could make a profit. When you trade for real, you can't do this and these systems simply destroy equity.

It's pretty obvious the track records won't repeat in real time - you pay $100 and get promised hundreds of thousands, that may happen - but only in your dreams not in reality.

Now let's look at our free Forex robot and it's so simple, anyone can learn and apply it, in about 30 minutes and it's based on sound market logic:

It's a long term trend following system, looking to buy breaks to new market highs and lows and if you look at any Forex chart, you will see currencies trend a long time and most big trends, start and continue from breakouts to new lows and highs.

Lets take a look at it - the system only has one parameter and its this:

When a new 4 high is hit, buy it.

Reverse the position to a short when a new 4 week low is hit.

All you then do is keep reversing on each 4 high and low as they occur. The system is always in the market.

Is that all it is?

You might be saying, that's so simple it can't possibly work but it does and makes tons of money in fact, many of the world's top traders have used it and continue to use it.

It was actually devised by Richard Donchian who is considered the originator of modern trend following back in the late nineteen seventies. It will continue to work because markets always trend long term and this system will get you in all of them and just as importantly

Simple systems always work best as they tend to stand up better in the volatile, ever changing conditions which Forex markets always present us with.

There are some filters that you can use on the system to smooth the equity curve and they are discussed fully in our other articles but if you want a system that will work and will continue to work.

A Forex robot that's free and makes money, its not often you get this combination, so take a look at it and you will be surprised at how much money makes.


FREE ESSENTIAL FOREX TRADING PDF's! + FREE FOREX ROBOT!

For 2 essential free trading Pdf's and for more on a successful FREE Forex Trading System and an exclusive RISK FREE Forex trading Course visit our website.

Forex Charts - Make Bigger Profits by Following These Key Points

By Kelly Price

Forex charts are a great, time efficient and proven way to make bigger profits but most traders don't use them correctly and here we will give you some key points to help you make bigger profits...

Let's look at some key points for more profitable technical analysis with forex charts.

If you look at any forex chart you will see big trends that can last for many months and trend following these can be very profitable and if you want to make money out of them you must understand this key fact:

Most big trends start and continue from breakouts to new highs and lows on the chart and you must go with these breaks - most traders don't. They want to wait for the pullback and of course it never comes and they are left behind. While it appears like you have missed the first part of the move, the odds of continuation are high so go with them.

Always be patient when using forex charts. You don't get rewarded for your efforts or how many times you trade but being right with your trading signal. I know traders who trade just a few times a month yet make triple digit gains - so wait for the right opportunities.

When you have a trend you want to hit always check price momentum is on your side and make sure that you use momentum indicators that show price acceleration in the direction you wish to trade. Two great ones, you can learn, in about 30 minutes are - the stochastic and RSI. These two combined will increase your odds of success by getting the odds more on your side.

Never believe anyone who tells you there is a mathematical formula for market movement - there isn't. If of course there was, we would all know the price in advance and there would be no market. So forget trying to predict and only trade the reality of price.

Its probabilities that you need to understand and like a successful poker player, you won't win every hand - but if you keep trading the odds, you will win long term. When using forex charts, the simpler your forex trading method the better, as simple systems tend to be very robust and have fewer elements to break, than complicated ones.

I have used a simple breakout method which uses trend lines, RSI and the stochastic and made money with it for over 20 years sure, it's simple but it works. Forex charts give you the reality of price before your eyes and you can spot areas of over valuation and under valuation. Humans create trends and they also (due to their emotions) push trends to far up or down in either direction.

You can of course ride trends - but you will also see big price spikes and history tells you they don't last long and taking trades contrary to the majority can be very profitable. Charting is an art not a science and you need to practice your art. The successful captain of a ship uses charts to navigate safely, but he also knows that use them wrongly and he will drown and it's a very similar situation in forex.

The Good News

You can learn forex charting in around 2 weeks and soon be piling up big profits in around 30 minutes a day spotting and hitting high odds trades and enjoying great profits. The good news is forex trading and using technical analysis is a learned skill and one you can master with a little practice.


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 Forex Technical Analysis visit our website at: http://www.learncurrencytradingonline.com

Fap Winner Reviews

By John J. Drummond

In a world in which the stock markets are fluctuating like mad, the Forex market seems like a much better and bigger money making opportunity. But is Fap Winner the way to get an edge over the other traders in the market?

In this Fap Winner review I want to go over what this club can offer and help you make up your mind whether or not it is worth your investment in a membership.

First of all, Fap Winner has one advantage over other membership sites: it has a one time fee only, not a monthly fee. This is a major consideration and it means that you save hundreds of dollars each year on it.

Second, Fap Winner reviews are highly positive but there aren't too many of them. What this means is that other people find this club valuable but there aren't too many people in it. This means that you can get an edge over the vast majority of traders if you too become a member of FapWinner.

Third, Fap Winner has 3 major benefits:


  1. It offers 2 automatic trading programs which allow you to trade the market in a much easier fashion and increase your chances of making more money.

  2. It has a vast user forum which offers advice, tips, and a place to share your views and see the views of others.

  3. Fap Winner offers periodical market reviews and recommendations which means that you're kept updated as to what's going on in the world of Forex.

Fourth, Fap Winner is an affordable club. It's not hundreds of dollars each month like other Forex clubs but it provides substantial value.

Is Fap Winner right for everyone?

If you're a veteran trader and make tens of thousands of dollars each month then I say no. Don't join Fap Winner. You're obviously successful so just keep doing what you're doing.

However, if you're a new or intermediate trader, then Fap Winner can provide you with improved results and a much better trading experience.


To read more about this program, click here: Fap Winner 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 Software.

The Misconceptions of Forex Trading

By Joel Gardner

One of the reason why Forex trading has surged in popularity is because of the claims that it is extremely profitable. The majority of these new traders enter the fore market with nothing more but just the notion of easy profits. However in fact this misconception had also caused many to hold back and on some occasion quit altogether out of pure frustrations.

Before you start trading, here are some things you should know.

The Forex market is not equivalent to the stock market

A lot of people nothing the similarity between the two markets assumed that they are both the same. However, this is not so. There is actually a world of differences between them. It goes to follow that the skills sets for each market is different. Equating them both is like comparing shoes making skills with sock knitting skills and saying that they are both the same. Therefore even if you are experienced in the stock market, you will still need to start with the basics in the Forex market.

Regardless of the timezone, trading is available anytime

It seems like the majority of ads promoting Forex trading courses and systems try to lure people in with this one. Yes, it's true the Forex market is open 24 hours a day and you could, theoretically, trade whenever you want. If you want to be profitable, though, you're not going to be picking your own hours. In order to make profitable trade, you need volatility in your currency pair. That's not likely to happen when everybody's asleep. Naturally, the best times to trade will depend on your currency pair.

Trading on the Forex has no commission payable.

Free is an overstatement here. It's true that in Forex trading you don't need to pay a fixed commission on your trades. What you do pay, however, is the spread. That means the more trades you make, the more you'll end up paying. That's hardly free.

You'll profit only if you can predict what the markets will do

No one can ever predict which way the market can or will go. The best anyone can do is by making an educated guess. Most people do this by using technical chart analysis. The reasoning behind all this focus on prediction is the fallacy of trying to keeping one step ahead of the market. Most forex traders in trying to do this just ended up mentally exhausted the best way actually to go about trading on the forex market is to just follow market sentiments. Thus when the market changes, all you have to do is to react appropriately. The ability to know what to do in times of changes comes about only when one has experiences.

Simple strategies are not plausible

There seems to be something about complexity that mesmerizes people. Even people who should know better often subconsciously assume the system with the most whistles and bells and razzle-dazzle is the most effective. It's the underlying believe that if a system is complicated that means it's really thorough and leaves absolutely nothing to chance. That's just not always true, though. Sometimes complex systems do nothing more than take the scenic route to the very same conclusion a simpler system would have led you to.

people believes all these claims because of the all the misleading advertisements on the forex market. And these advertisements lead people to believe the wrong idea about forex markets. Therefore before you start trading in the forex market, take time off to learn the actual situation about the forex market if you want profitability minus the headaches.


Need elite Forex Trading Softwares with sound & reliable statistical elements? I highly recommend that you review Forex Raptor to trade up to 500% more effectively!

 

GooContents | Jump to TOP