How to Use a Forex Prediction Software For Maximum Profits

By Sean Bailey

Forex trading can certainly take its toll out of any trader, especially because of the fact that you need to pay close attention to the market at all times. One missed action could spell either huge profits or losses for you. Thus, it would really pay to have Forex prediction software on your side.

The Forex market undergoes fluctuations all the time, and these minor changes determine the appropriate course of action for traders to take. If you think about it, wouldn't it be better to have software that can predict the trends that the market just might take? If you have such software for your system, it would actually make you more prepared to come up with concrete decisions for your trading. You can also analyze the possible trends so that you can determine which course of action would garner more profit for your trade. This is precisely why there are so many Forex prediction applications that have been developed by fellow traders and experts.

Because of their popularity, many people have been wondering what makes these applications work. These applications use genetic algorithms in producing Forex diagrams and charts every single day. After thorough analysis of the trends that take place in the market, the software then produces these genetic algorithms in determining future trends and directions that the market might take place. As for the computing techniques of the software, these are all based on historical data and patterns that have been observed in the market over time. The patterns are utilized to optimize the parameters of the system, thereby producing predictions that are more accurate and precise. The applications also produce intra-day charts which also have the power of looking into the future, roughly 6 ฝ hours worth. Essential updates of Forex data and trends also happen periodically.

But if you decide to get the best of prediction platforms, then you should look for the one that can look ahead even up to 20 days. This promises much when it comes to predictions. However, you should not disregard the unpredictable Forex market because in the span of 20 days, you cannot really say for sure that the forecasted market trends would indeed take place. Thus, you should still weigh your decisions thoroughly.

Having Forex prediction software is still not enough, so do not rely on the software to do everything for you. You should still do analysis on your part, thereby giving more focus on the much-needed skills.

Regardless of which softwares you choose, if you are beginning forex trading, it is good idea to use a Forex Prediction Software to help make some profits while learning the ropes. However not all softwares are equal. The best way to get started is to read Forex Robots Reviews

Forex Robots - It's a Shame But They Don't Work, Here's Why

By Samuel Leslie Berkovits

Common sense should tell forex traders, that the vast majority of forex robots promoted online don't work and destroy equity - but traders buy them despite these facts.

Let's take a look at how the world of trading would look if they did work

- Individual traders could quite their jobs and all they have to do is buy $100 buck software package for a lifetime income!

Umm haven't seen this happen yet.

- Banks and brokerages, wouldn't need fund managers as, the robots claim they have better track records.

Funny, all the dealers I know still have jobs!

Isn't it obvious the track records aren't true?

Just check the disclaimer and it will see the record has been made up (apt wording) knowing the closing prices, so it classes as a "simulation". Now to me, I can't spend a simulated dollar so it's not really of any use, its real dollars that count.

What is the point of a robot that hasn't made money?

Why would anyone trust a made up track record, it doesn't make sense.

Of course you get a lot of people saying how they have made money with the robot, have given up their jobs etc - but take them with pinch of salt. When you see these you will soon see an affiliate link nearby and that means - they get paid if the software is sold. So not exactly unbiased!

Another argument for using them is, you get a 60 day money back guarantee on the software price.

True- but that's not compensation if you lose your money trading.

Let's have a reality check:

Forex trading is not something you just stroll into and treat with disrespect.

95% of traders lose, if you believe you will get something for no work and $100.00, the market will teach you some respect.

In forex trading too many people think they can trade with no effort, no risk and make triple digit gains and that's not the world of forex trading.

You can win with forex robots and some have good solid track records - but they all have drawdown (of weeks to months) and normally by around 30% and the best ones, will compound about 30 -50% annually, depending on the drawdown you can tolerate.

Now these are solid gains, with realistic drawdown, serious traders use them and know how they work and exactly what to expect under real conditions.

The forex robots you see heavily advertised will simply wipe you out.

Really if you thought about a triple digit income for the price of a lunch - Doesn't really sound true does it?

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Automated Forex Trading System - A Logical Simple Free One That's Made Millions

By Samuel Leslie Berkovits

You can of course buy one of the heavily advertised automated forex trading systems online - but this one is simple to understand, free and made savvy traders millions and all you need to know about it is enclosed...

Let's start with the ones you can buy and most have nothing to offer apart from fancy packaging and hyped copy, to appeal to greed.

They lack the basic requirement you need and that's having made a profit. Check the track records and there normally just paper simulations done backwards!

Well that's not real dollars and if you want a robot you want one that's Made real dollars and the free one we are going to look at has.

Real Profits for Over 20 Years

The system has been used since the late seventies by serious traders and was devised by Richard Donchian who is considered the grandfather of trend following.

He left some great free info for traders to use and his 4 Week Rule automated trading system, is simple - but don't believe it doesn't make profits it has and still does. Let's take a look at it.

The Rule

This is a one rule trading system which holds a position in the market at all times and this is the rule to execute your trading signals to.

Buy a new 4 week calendar high and reverse this position to a short position on a new 4 week calendar low - that's the rule and it's very simple!

Now you may be saying that's too simple to work but all the best forex trading systems are simple but it works on logic which is valid and here it is.

Trade Breakouts

Almost all the big trends start or continue from new market highs or lows and by getting in on them, you are getting in on the big trends.

Currencies Trend Long Term

They reflect the underlying health of the country they represent so this means long trends of months or years and this system will get you a good chunk of the profits they produce.

You then have a couple of other very important advantages:

- Its objective you don't have to think about the signal you just do it

- Its extremely time efficient and only takes about 15 minutes a day

So is the system perfect?
Of course not all systems have a weakness and this one is no exception.

When currencies don't trend, it will generate losing signals but you can add a filter and exit on a one or two week high or low, go flat and wait for the next signal or you can use a short term moving average. This smoothes the equity curve but whichever way you choose long term this system makes profits.

The best forex trading systems are simple and this one is and don't believe the vendors who try and sell you software with fancy names, clever packaging and a made up track record, go for the real deal and that's a system, that's still used after 25 years and is at the heart of many a successful forex trading strategy.

You don't get much for free in life but Richard Donchian has left something for free, that is valuable, easy to understand and can help any trader seek currency trading success in just 15 minutes a day.

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Why Start Trading Forex?

By Lance Giroux

Are you new to forex trading? It is very simple. To start forex trading, we have to know what forex is. Forex trading means selling and buying different currencies of the world. The biggest and fastest growing market is the currency trading market. A forex deal is made when you buy and sell a currency at the same time. More than $2.5 trillion is the daily turnover. Just as goods are traded in markets, currencies are traded in forex trading market. The currencies of various countries are the "Goods" in forex markets. For example you can buy Japanese Yen with US Dollars or you can sell Euro for Canadian Dollars. It is as simple as trading one currency for another. Due to strict financial regulations individual traders were not allowed to do business in the forex market. Only from the year 1998 was forex trading made available for the public. Now the players in this market are institutional investors, central and commercial banks, hedge funds, corporations and private individuals

Forex quotes are the first thing you have to learn when you start trading. The quotes are always listed in pairs (e.g. AUD/CAD 101.2): the first listed currency is the base currency with a constant value of 1 unit; while the second currency listed is known as counter. If you are a forex novice, then it is worthwhile to play it safe. You should stick yourself to trading with only one currency pair. Once you get used to the system, try expanding your trading. You can be more risk-taking and adventurous. In the example given above, AUD/CAD 101.2 means a dollar of Australian dollar is equal to 101.2 Canadian dollars. That means, the quote shows the relative value of one currency when compared to the other. It implies that the value of AUD had been increased when AUD/CAD quote goes up.

Every quote has two sides, 'bidding' and 'asking'. The profit lies in the differences of 'bid & ask' price. For example JPY/USD 1.2433/1.2441; the 'bid' price is the price at which you sell the base currency; while the 'ask' price is where you buy the base currency. "Spread" is the difference of 'bid & ask'. In the example of JPY/USD 1.2433/1.2441, this means you can buy 1 Japanese Yen with 1.2441 USD or sell 1 Japanese Yen 1.2433. The US dollar, Euro, Canadian dollar, British pound, Japanese yen, Australian dollar, and Swiss Franc are the seven major currencies traded. The most traded currency is the US dollar. If you happen to live in one of these countries it is better to start trading in that currency. It is because you will be in a better position to analyze its strength. To conclude, forex trading is claimed as "The World's Most Powerful Home-based Business". New investors should take time to learn this skill well, attend seminars, do paper work, read books and practice everything with a demo account before you consider trading with your own money. Forex trading is a long term solid way to make money and good profits.

Was this useful or what?! Really, Forex, is one of the best ways to create a solid income. If you want to learn more about Forex and some great tools to automate the process, feel free to visit us at: ForexSystemReport I'm Lance Giroux. Forex system Report ™ Senior Advisor.

The Power of Forex As a Wealth Builder

By Lance Giroux

Foreign currency trading is a powerful wealth builder for individuals and corporate entities as well as nations. For individuals and corporations, they can create wealth by investing wisely in the Forex. The margin of profit for foreign currency trade is very small. But it is made up by the volume of trade. Individuals and corporations buy when their rates are low and there is a chance of going up. When the rates go up these currencies are sold and another currency which has a chance of going up is bought.

Countries and central banks do buy and sell foreign currencies. But their intention is different from that of the individuals and corporations. Two of their main aims are keeping the stability of their respective currencies and boosting their foreign trade. When the currency of a country goes down in the foreign exchange market the central bank buys their own currency and pay in return with other strong currencies. Such currencies and gold are kept as reserves by all the countries. A very effective way to boost the export of a country is controlling the value of the county's currency. Devaluation promotes the exports. But this measure is of only short term benefit. In the long run the cost of production will automatically adjust to the new value of the currency.

In case the cost of production in a country is too low in relation to that of the international standard a revaluation will help realizing higher values for their products and help increase the inflow of foreign currency.

Banks make a handsome profit in money transfers from one country to another. These operations are actually foreign exchange dealings. The remitting country's currency is converted into the receiving country's currency. In other words the former is sold to buy the latter.

In addition to banks there are some exchange companies who do the money transfers. They take only a small margin towards operating costs and profit. For the same reason they get large business. As they do only money change and money transfers they specialize in it. They have thousands of delivery points in the destination or receiving countries. Most of them are their own exclusive facilities. Where they don't have own set up they use the services of normal banks. In the sending countries too these exchange companies operate from many locations. Even though the margin of profit is very low the volume is very high. That makes up for the profit.

There have been always talks about inside information in the foreign exchange market. Actually there is no such inside information. The value of currency is decided instantly. There are several factors which influence the value. The attitude of the government also is an influencing factor. The decisions of the central bank, of course influence it. Even a rumor of an impending decision can cause fluctuation in the currency value. The find of new mineral wealth will boost the currency of the country. Likewise, a political upheaval can adversely affect the currency.

Was this useful or what?! Really, Forex, is one of the best ways to create a solid income. If you want to learn more about Forex and some great tools to automate the process, feel free to visit us at: ForexSystemReport. I'm Lance Giroux. Forex system Report ™ Senior Advisor.

Common Aspects of Top Forex Traders

By Lance Giroux

Forex or foreign exchange currency market exists wherever one currency could be traded for another currency. There has been an incredible upsurge in the average daily trade of global forex and related markets. For the year ended April 2007, the Bank for International Settlement estimated such markets to be over US $4 trillion. In New York alone, trading accounted for nearly 16.6% of the total daily global turnover of $3.98 trillion. Because foreign exchange is an OTC (over-the-counter) market, there is no central exchange or clearing house. Instead brokers or dealers negotiate with each other directly. There are very few or little cross-border regulations.

Currency trading or forex trading could be affected by a number of factors. Some of them are fiscal or monetary policy of the government, political conditions in the country and market psychology that includes the traders' perceptions. This non-stop cash market can change at any time in response to real-time events. In fact, it could be very difficult to small time traders to keep up with the constant fluctuations in the currencies.

'Forex traders' are the currencies that are traded by the investors. The best forex traders or the top forex traders are those that are making most profit for the investors. You can now easily get information on net about the top forex traders by accessing live data online. This helps the general public to reap in good profits.

Success doesn't come easy. That is true. Yet we can guarantee good profit by getting good forex training. The most popular forex traders are ones that are monitored closely. They are called the 'majors'. The EUR/USD combination, the USD/JPY, the USD/CHF, and the GBP/USD combinations are the most popular ones. You need good forex trading guides and proper forex training education to earn good money from this extremely lucrative system.

The top forex traders know how to follow the rules of the game. Most beginners might feel that such a system is useless. They may even ignore it and trade in it using only their gut feelings. Following the currency trading system that has been developed over several years by experts helps the top forex traders to cut down its volatility. Also it is only the top forex traders who know where and when to place a stop order. They can help investors to avoid getting hit by bad exchange rates and thus minimize their losses.

Finally it is only the top traders who have the ability to stand high in any tide. They are never tempted to end a position against the system's orders. Top forex traders know how far their losses could go only because they follow the stop loss order. Thus with a stop loss order, the investor can stop the trade even if it does not go well. Beginners don't have that guts to stand out against the wind. With the initial black clouds, they disappear. This is because they lose; they close that position instead of waiting for the big opportunity that comes on later! Finally discipline and forex knowledge holds the key to success.

Was this useful or what?! Really, Forex, is one of the best ways to create a solid income. If you want to learn more about Forex and some great tools to automate the process, feel free to visit us at: ForexSystemReport. I'm Lance Giroux. Forex system Report ™ Senior Advisor.

Forex Trading Tips - 4 X Trading Tips to Supercharge Your Profit Potential

By Kelly Price

The forex trading tips enclosed can turn a mediocre forex trading strategy in to a winner and anyone thinking of trading should consider incorporating them because they work - here they are...

1. Leverage Stops and Risk

Most traders get 200:1 leverage from their broker and want to use it but this is a huge mistake - a trader should use leverage wisely and 10 20: 1, is enough. This allows you to risk more to your stop and this is vital to success.

Most traders put stops so close they are guaranteed to get stopped out by normal volatility. They get the direction right, see their stop hit and then see prices reverse back the other way and make thousands and their not in!

If you want to win, your stop must be far enough back so you don't get hit by random price moves in the trend. This isn't being rash this is sensible investment strategy.

2. Risk More Per Trade

In line with the above forget all the rubbish you read about risking 2% per trade.

On a small account its so little risk it guarantees you will get stopped out.

Sure if you have 100k you can do this - but not on a small account.

Many traders try to restrict and control risk so much they create it and lose. To make meaningful gains, you need to risk 10 - 20% on a small account.

3. Learn Patience

Most traders think the more they trade the more profits they are going to pile up - dead wrong.

You don't get rewarded for your trading frequency; you get rewarded for being right!

The high odds trades only come around a few times a month in each currency - hit these and hit them hard.

Hitting the high odds trades and hitting them hard can make you a lot of money. I know lots of forex traders, who only trade a few times a month and still pile up big triple digit annual gains, because they are hitting good risk to reward trades and hitting them hard.

4. Forget Diversification

OK on a 100k account there is an argument for doing it but not on a small account.

If you have a great trade, why potentially dilute its profit potential by taking trades for the sake of trading? It doesn't make sense and will dilute your potential profits.

Hit the high odds trade you like and focus on it.

Keep in mind:

You Don't Get Rewarded for Effort in forex trading.

Many traders make this mistake.

They want to trade and force profits but this is not possible. They spend a lot of effort looking for trades that it blinds them to the fact most are dogs and should be passed by.

In forex trading your success is determined by the accuracy of your trading signals and your market timing and the money you put in your pocket - that's it.

So the forex trading tips here mean you need to be patient, hit high odds trades, hit them hard and take meaningful, calculated risks so, you can make a triple digit annual income.

The above is really common sense and these forex trading tips, should be the cornerstone of your forex trading strategy and if you use them wisely and have a good forex trading system then you can enjoy the currency trading success you desire.

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Forex Trading - The Vast Majority of Traders Lose Why Do You Think You Can Win?

By Kelly Price

This is a question any forex trader should ask themselves, before they start to trade and the way to find out, if you are likely to win with your forex trading strategy, is to ask yourself this simple question...

My Trading Edge is (Define it exactly) and this is why I will win, when 95% of traders lose.

Now this might seem quite obvious and it is - but most traders think they have an edge and they DON'T!

Here are some common answers which are anything but an edge and will see a trader lose. Here they are:

- I have bought a forex robot with simulated back tested track record from a vendor

- I Have a system that predicts market turns in advance

- Science moves markets and I have a scientific theory

- I follow a guru, mentor or expert, as they know best

- I like to trade breaking news

- I am going to use a complicated strategy

- I am smart and clever than most traders so will win

- I work hard and hard work will bring me success

The above are common replies when I ask novice traders what their edge is and there not an edge at all.

They are either misconceptions about how forex markets operate, or common myths perpetrated by vendors selling products.

Now be aware of this:

Anyone can learn to trade and anyone can be successful - but still 95% of traders fail and this is huge percentage!

Entering the Elite 5% of Winners

To enter the elite 5% means you have to have an edge and it's based around this:

You don't need to work hard or be clever - but you do need to make sure you cover the basics and understand how and why, markets move.

You then need a simple forex trading system, based around trading the odds, which must have robust money management. Don't fall for the harder you work or, the more clever and complicated your trading system is, the more likely you are to succeed - it's not true.

The missing Link for Success

Simple systems work best and always have as they are more robust.

Now, learning how to trade successfully is within all traders - but forex is not simply about having a good method, its about having the discipline to execute your method with discipline.

Discipline is the missing link!

If you can't trade your trading system with discipline and execute your trading signals with discipline, you don't have a system!

Most traders think they can trade with none or very few losses but even the best traders, face weeks or sometimes months where they lose and you have to stay on track until the profits emerge and this requires discipline.

If you can do the above, you can win.

You are In Charge of Your Destiny

To many traders think someone else can give them success and buy junk forex robots and other sure fire systems from vendors. The market then teaches them a lesson in reality, that there is no easy money.

The smart traders of course knows this and takes the time to learn the basics and get a system they are confident in and can execute with discipline.

They know exactly why there forex trading system will help them win and their edge.

Its this that gives them confidence and the mindset to apply their system for huge long term gains.

Anyone can learn currency trading but few traders do it correctly however in return for a little effort, your rewards will be immense.

So learn forex trading correctly, get and know your edge and you will enjoy currency trading success.

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Forex Trading Psychology - Get the Mindset of the Pro Traders Who Make Big Profits

By Kelly Price

It's a fact that forex trading can be learned by anyone but most traders fail and the reason they do is they don't understand forex trading psychology. If you do, you can join the elite 5% who make big consistent profits...

So what why is mindset so important?

The simple answer is forex trading is not just about method, it's also about the discipline to trade your method.

If you don't have the discipline to trade your system, you simply don't have one.

So why is trading with discipline so hard?

The reason is simply, you will at some point face a string of losses and it happens to even the best traders.

Forget all the rubbish you read, about trading with little or no drawdown, you read from vendors - It's not true. You are going to face periods of losses which may last many weeks and you have to keep going, despite taking losses and your emotions will be telling you to deviate from your plan.

Its here, that robust money management and discipline, will carry you through a losing period, until you hit profits again.

Discipline means you have to understand what you are doing and have confidence.

Most traders think they Can follow a so called expert and win, while most advice and forex robots sold online are junk, they cant even follow the few good advisors and forex trading systems because they don't learn from the ground up.

When you operate in the forex market, you operate in an environment that presents these unique challenges:

- The market is all powerful and is always right and only you can be wrong

- Its anarchy and chaos and you will lose for periods of time

- Its an odds based game and you need to learn how to trade them

- There is no rule of law and of course you have to make your own rules to survive

- The work ethic doesn't apply and work rate counts for nothing.

- Being clever also counts for nothing only being right does

In this chaotic and vicious world, your rules and discipline will help you survive and prosper. You can win but remember your method is only part of the equation it's your mindset that is key.

As we said earlier anyone can learn currency trading- but most traders think it's easy or they can follow others. They don't ever bother to learn the basics to get confidence and discipline and they lose.

Forex trading isn't a walk in the park, that's why 95% of traders blow up.

Of course for the serious trader, this presents a great opportunity for big gains.

Forex trading psychology is the key, to putting you in the 5% of winning traders, who pile up the big profits and remember - the market doesn't beat the trader, the trader beats himself. This is generally due to a poor understanding of forex trading psychology.

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Forex Trading Price Movement - How and Why Markets Move and How to Profit

By Kelly Price

Forex price movement is not as simple as it may first appear and traders make several assumptions that are completely wrong base their forex trading strategies on it and lose. Let's look at how prices really move...

Let's start first of all, with two fatal errors traders make, when trying to make money in currencies and they are:

You Can Predict What Forex Prices Will Do.

Traders are obsessed with buying bottoms and selling tops. They simply see a level and jump in and hope it holds - but prediction is just hoping or guessing and you don't get rewarded for that in forex trading.

It always makes me laugh, when you see vendors selling systems, saying they can predict with 90% accuracy! It's a joke.

If you want to win, you trade the confirmation of price movement and I will return to this in a moment - but first let's look at an extension of this point.

Markets Move to Science.

You have a school of thought that says that markets move to a scientific law and the most famous are - Elliot, Gann and the disciples of Fibonacci.

Well if they or anyone else knew the law, there would be no market, as we would all know the price in advance!

The far out crowd love these theories, with their mystical connotations but the facts don't support their argument.

You can trade Breaking News

Not a good idea, as the news is actually unimportant by itself, its how it is perceived that determines the course of events which, leads me into how the markets really move.

How Prices Really Move

The equation for market movement is:

Fundamentals + Human Perception of them = Forex Market Movement

Humans are not logical they are influenced by their emotions and this is why markets are not scientific - true human nature is constant but it's not science however we do know the following:

- Humans will always push prices to far up or down and these price spikes are temporary and can be traded for profit.

- Always trade the truth never predict and sure you don't get perfect timing but the odds are in your favour and that's vital.

An Odds Game You can Win

Forex is simply an odds game sure you cant predict but you can win, not every trade of course but by trading high odds set ups, you can have more winners than losers and pile up big profits overtime.

Greed and fear drive prices and make price spikes which are easy to see on a forex chart and can be traded for profit.

Any trader needs to treat forex as an odds game, trading the reality of price change when the odds are in their favour, with strict forex money management and if you do this - you will win.

Don't Look For Perfection - Look to Win

In forex markets people having trying to predict and find some secret code of movement that simply isn't there. While forex price movement looks chaotic, you can win, by simply trading the reality of price movement.

Sure you won't achieve perfection (that's impossible) but by trading the odds, you can put a lot of dollars in your pocket and that's the whole aim of trading.

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