Forex Investing: A Insight Into A Money Making Financial Game
by Craig Thornburrow
Forex investing can earn you a lot of money, which is why so many people around the world are looking to play the Forex game and amass personal fortunes. The Foreign Exchange market runs all day, every day and is also referred to as the Forex or FX market. However, unless you have thoroughly mastered the basic principles of investing in the Forex, you could lose all your investments within a very short period of time, as indeed happens too many who step into the Forex market without doing their homework. Such knowledge can be of unfathomable help in your trading. It can make you an efficient, superior trader if you can get your Forex trading strategies down right.
When enacting a currency trade, you basically have to buy one form of currency and sell, at the same time, in terms of another form of currency. There are differences between the Forex trading markets and the ordinary stock markets. In the first place, the Forex market works with a lot more money. It can go up to a hundred times more than is dealt with by the New York Stock Exchange equaling up to $1.5 billion daily! Secondly, the Forex market is not controlled by any form of central exchange, like the kinds which modulate all the stock markets around the world. Forex trading occurs via the system of Interbank marketing.
Forex trade is conducted directly between the two parties to the trade either by means of telephone or through electronic communication networks. The primary centers of trade in foreign exchange are located in London, New York, Frankfurt, Tokyo and Sydney. There is a constant state of fluctuation in the values of currencies with respect to each other all over the world. Thus, Forex investing can turn out to be very lucrative for you if you know which strategies to apply at what time in such an ever-changing market scenario.
There are multiple advantages offered by Forex trading. These are:
* First of all, there is the any-time factor in these markets. You can conduct your own transactions at your own convenience as they remain open at all times. You will be able to stay up to speed with all the latest information about the markets and be able to access buyers and sellers at any time.
* Narrow spreads and stability in prices are often made probable because of the liquidity of particular pairs of currencies. As there is particularly high liquidity on the most frequently traded currencies, you should try and opt for these, as they turn out to be cheaper, rather than go for the less popular ones.
* There are no hassles regarding commissions in Forex investing. This should make it a particularly attractive option especially if you intend to be associated with the markets frequently. This will increase the benefits you can get out of the market.
As I've mentioned before, the most important asset you can have on your side is knowledge and experience with Forex investing before you actually step into the market. Without the appropriate training, you might as well throw away your money in gambling. But with it, you can maximize the potential of every dollar that you invest and you can be more confident of achieving what you set out to. But you must be careful. Don't fall for dubious Forex training educational outreach programs that don't produce what they promise. Also don't take the unnecessary risk of stepping out into the market alone and as a complete newcomer. Both these steps could end disastrously. Once you find the ideal program dealing with Forex trading and the right strategy, stick to it, and make it worthwhile. You will surely find success Forex investing in this way.
วันจันทร์ที่ 31 มีนาคม พ.ศ. 2551
Learn Forex Day Trading Online - For Regular Big Profits
Learn Forex Day Trading Online - For Regular Big Profits!
by kelly Price
Many novice forex traders want to learn forex day trading online and scalp small regular profits to build into big consistent profits over the long term this is article is all about forex scalping and day trading success...
If you are considering learning forex day trading online then think again it will lose you money! Why?
Because you cannot judge where prices will go in the short term and will lose all your money over time.
The Myth of Forex Scalping and Day Trading Profits
Of course there are plenty of forex mentors and gurus who try and sell you forex systems all with great track records and they all have a problem - they all carry this warning, read it:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
If you have read the above you will see why these forex day trading strategies are unlikely to work for you.
- They haven't been traded and are just made up! - Anyone can make money knowing the closing prices but that's not the real world - You could ask yourself the question - why if the systems are so good why the sellers don't trade them, shut up, keep quite and not bother you for a few hundred bucks!
Well you know the answer these systems are designed to be sold and rely on traders not reading the warning to closely and falling for clever marketing copy.
Try and find one without the above disclaimer and your in for a long hard search I have never seen one with a proper real time track record supported by account statements and neither will you and if you do let me know!
Forex day trading looks good in theory - but is doomed in practice ask yourself this question:
You have a huge number of traders who all contribute to the price and who have different motivations, skills and methods of trading and you have to decide what this unpredictable mass is going top do in a few hours.
Its impossible to do so don't bother trying!
95% of forex day traders lose (100% in respect of day traders) and it's hard to make money but it's possible if you put the odds on your side and this means looking at longer term data where you can get the odds on your side.
If you want to win you must use valid data that can help you predict the odds - if you can't play the odds you can't win, it really is that simple.
Learn Forex Day Trading Online is a loser's game so don't even try it unless of course you want to lose all your money!
by kelly Price
Many novice forex traders want to learn forex day trading online and scalp small regular profits to build into big consistent profits over the long term this is article is all about forex scalping and day trading success...
If you are considering learning forex day trading online then think again it will lose you money! Why?
Because you cannot judge where prices will go in the short term and will lose all your money over time.
The Myth of Forex Scalping and Day Trading Profits
Of course there are plenty of forex mentors and gurus who try and sell you forex systems all with great track records and they all have a problem - they all carry this warning, read it:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
If you have read the above you will see why these forex day trading strategies are unlikely to work for you.
- They haven't been traded and are just made up! - Anyone can make money knowing the closing prices but that's not the real world - You could ask yourself the question - why if the systems are so good why the sellers don't trade them, shut up, keep quite and not bother you for a few hundred bucks!
Well you know the answer these systems are designed to be sold and rely on traders not reading the warning to closely and falling for clever marketing copy.
Try and find one without the above disclaimer and your in for a long hard search I have never seen one with a proper real time track record supported by account statements and neither will you and if you do let me know!
Forex day trading looks good in theory - but is doomed in practice ask yourself this question:
You have a huge number of traders who all contribute to the price and who have different motivations, skills and methods of trading and you have to decide what this unpredictable mass is going top do in a few hours.
Its impossible to do so don't bother trying!
95% of forex day traders lose (100% in respect of day traders) and it's hard to make money but it's possible if you put the odds on your side and this means looking at longer term data where you can get the odds on your side.
If you want to win you must use valid data that can help you predict the odds - if you can't play the odds you can't win, it really is that simple.
Learn Forex Day Trading Online is a loser's game so don't even try it unless of course you want to lose all your money!
วันอาทิตย์ที่ 30 มีนาคม พ.ศ. 2551
Using Forex Signal Generator
Using Forex Signal Generator
by Karen Fairham
Beginner forex traders lured by success stories on the pages of websites peddling one trade signal generator or the other, often find themselves getting seriously burnt before they eventually decide to go through the front door (getting a proper forex education) or simply give up. This then brings us to the question of whether these trade signals generating software actually deliver according to the results and testimonies from "satisfied customers". The straight answer is "Yes" there is some decent software in the market which can actually help a Forex Trader make better trades. But where a lot of traders go wrong is when they begin to depend too much on signal generating software thereby neglecting the fact that market conditions change and some of these changes unfortunately are not reflected in the signals generated by these forex signal generators.
I do not condemn the use of forex signal generators by any means, but I believe that this should not be the starting point for an individual who has interest in the forex market and wishes to succeed. Personally I have bought some forex signal generators in the past and some have served me well while some have actually been a complete waste of resources. But how do you know where your failure has come from without first giving yourself a proper forex education? When you have acquired a good understanding of the forex market and the factors that affect currency prices then you might begin to look at the possibility of using forex signal generating software.
However, one forex signal generator that I use with considerable success is the Forex Killer. But if you are a newbie to Forex Trading and think that just because it says on the sales page that "No trading experience requires" there fore you are just going to purchase the software and your bank manager will put your mobile number on speed dial, I'll advice you to think again. Make no mistake about this software can help you fire up your profit by a very reasonable margin and remove some extra work from you. However it is advisable to have a basic knowledge of Forex Trading before involving yourself in the use of software. Software will not deal with your bad habits (every trader has got one); its constant practice & education that will help rid you of those bad habits.
by Karen Fairham
Beginner forex traders lured by success stories on the pages of websites peddling one trade signal generator or the other, often find themselves getting seriously burnt before they eventually decide to go through the front door (getting a proper forex education) or simply give up. This then brings us to the question of whether these trade signals generating software actually deliver according to the results and testimonies from "satisfied customers". The straight answer is "Yes" there is some decent software in the market which can actually help a Forex Trader make better trades. But where a lot of traders go wrong is when they begin to depend too much on signal generating software thereby neglecting the fact that market conditions change and some of these changes unfortunately are not reflected in the signals generated by these forex signal generators.
I do not condemn the use of forex signal generators by any means, but I believe that this should not be the starting point for an individual who has interest in the forex market and wishes to succeed. Personally I have bought some forex signal generators in the past and some have served me well while some have actually been a complete waste of resources. But how do you know where your failure has come from without first giving yourself a proper forex education? When you have acquired a good understanding of the forex market and the factors that affect currency prices then you might begin to look at the possibility of using forex signal generating software.
However, one forex signal generator that I use with considerable success is the Forex Killer. But if you are a newbie to Forex Trading and think that just because it says on the sales page that "No trading experience requires" there fore you are just going to purchase the software and your bank manager will put your mobile number on speed dial, I'll advice you to think again. Make no mistake about this software can help you fire up your profit by a very reasonable margin and remove some extra work from you. However it is advisable to have a basic knowledge of Forex Trading before involving yourself in the use of software. Software will not deal with your bad habits (every trader has got one); its constant practice & education that will help rid you of those bad habits.
Good Forex Investing Practices
Good Forex Investing Practices
by Daniel Millions
Forex, short for foreign exchange, is a type of investing that involves trading one nation's currency for another nation's currency. The strategy is to trade money into a currency that is expected to rise in value, which will in return provide a great return on investment.
But foreign exchange is one of the trickier forms of investment, of which can have some of the highest risks in the business. To help deflate risks and keep profits sailing high, investors are switching to forex software to do the guesswork via statistics and estimations. The result: thousands worldwide are making a full income from investing through forex software.
Practicing With Forex Software
The first kind of forex software that should be investigated is software designed to simulate the real stock market, only you play with fake money. This gives investors experience in the market, all while ensuring that no money is lost (or won, sadly).
Free software of this type is available across the Internet from several websites. Some work better than others, so be sure to download and try a few of them out before investing your time into a lengthy simulation.
Calculating Best Opportunity with Forex Software
Other types of forex software simply calculate the best opportunities that would be most likely to provide a return on investment. These types of software are harder to find for free, as they provide a means of getting easy money (although they aren't fool proof- losing money is easier than making money!).
In the case of best opportunity, forex software looks at past and present market conditions and compares them to each other. If a certain forex strategy is proving to be steadily profitable and stable long term, it will likewise suggest to the user that the strategy would be worthwhile. (And of course, proper software will warn users from poor forex trading strategy much like a broker, but without the high fees!)
Trading with Forex Software
Lastly, you can actually trade in the forex market from your laptop or desktop at home. Special software from trading companies can give users direct access to trading options within the forex market.
Of course, there are fees associated with the process, but the level of ease is a definite plus. Instead of making a trip to the broker's office or making a frustrating telephone call, you can cut the middleman out and trade instantly. As long as you have an Internet connection available, you can directly access the forex market!
One should be careful with forex trading software, however. Leaving a laptop unattended could be a very costly mistake if another person was to get into your forex account and wreak havoc. Forex trading software also is best suited for those with forex trading experience- as there is generally a lack of help and recommendations in strategy that brokers normally provide.
Final Thoughts on Forex Software
Computers and technology empower the world- so why shouldn't they aid you in earning money? Using computer programs to calculate and analyze market conditions is the logical solution to trading in particularly risky markets.
Since it is indeed quite easy to lose money in investing in forex, it's highly recommended a broker should be sought out for advice. This will give those starting out a helpful guiding hand in the right direction of making the next fortune on the forex market.
by Daniel Millions
Forex, short for foreign exchange, is a type of investing that involves trading one nation's currency for another nation's currency. The strategy is to trade money into a currency that is expected to rise in value, which will in return provide a great return on investment.
But foreign exchange is one of the trickier forms of investment, of which can have some of the highest risks in the business. To help deflate risks and keep profits sailing high, investors are switching to forex software to do the guesswork via statistics and estimations. The result: thousands worldwide are making a full income from investing through forex software.
Practicing With Forex Software
The first kind of forex software that should be investigated is software designed to simulate the real stock market, only you play with fake money. This gives investors experience in the market, all while ensuring that no money is lost (or won, sadly).
Free software of this type is available across the Internet from several websites. Some work better than others, so be sure to download and try a few of them out before investing your time into a lengthy simulation.
Calculating Best Opportunity with Forex Software
Other types of forex software simply calculate the best opportunities that would be most likely to provide a return on investment. These types of software are harder to find for free, as they provide a means of getting easy money (although they aren't fool proof- losing money is easier than making money!).
In the case of best opportunity, forex software looks at past and present market conditions and compares them to each other. If a certain forex strategy is proving to be steadily profitable and stable long term, it will likewise suggest to the user that the strategy would be worthwhile. (And of course, proper software will warn users from poor forex trading strategy much like a broker, but without the high fees!)
Trading with Forex Software
Lastly, you can actually trade in the forex market from your laptop or desktop at home. Special software from trading companies can give users direct access to trading options within the forex market.
Of course, there are fees associated with the process, but the level of ease is a definite plus. Instead of making a trip to the broker's office or making a frustrating telephone call, you can cut the middleman out and trade instantly. As long as you have an Internet connection available, you can directly access the forex market!
One should be careful with forex trading software, however. Leaving a laptop unattended could be a very costly mistake if another person was to get into your forex account and wreak havoc. Forex trading software also is best suited for those with forex trading experience- as there is generally a lack of help and recommendations in strategy that brokers normally provide.
Final Thoughts on Forex Software
Computers and technology empower the world- so why shouldn't they aid you in earning money? Using computer programs to calculate and analyze market conditions is the logical solution to trading in particularly risky markets.
Since it is indeed quite easy to lose money in investing in forex, it's highly recommended a broker should be sought out for advice. This will give those starting out a helpful guiding hand in the right direction of making the next fortune on the forex market.
วันศุกร์ที่ 28 มีนาคม พ.ศ. 2551
Forex News Trading
Forex News Trading
by Daniel Spivey
Forex news trading is a technique of trading by purely depending on the news and figures released daily. It does not involve any technical expertise. There are a plethora of news sources. From TV channels, to internet bulletins, Forex news trading has conquered it all. There are several currencies that are involved in Forex trading. Some major currencies are the USD, GBP, Australian Dollar, New Zealand Dollar, Japanese Yen, Euro and the Swiss Franc. Currency pair trading is possible 24 hrs a day and the typical Forex news trader will watch out for news regarding these currencies. A good trader will immediately jump at the market, if there be any fall in the rates of buying.
There is a very important concept to be understood here. The news that you see, is seen by a million others, around the world. They all see the same news. They all trade in the same arena. They all have their perspectives on what they think will be the market’s behavior, based on the same news that you are seeing. It is important to not blindly believe what is shown in the news. Just because CNN says so, does not mean it is true. That is only for the millions of Will Rogers around the world.
Forex figures and rates keep changing every second and all the trading that is done, based on these momentary stats, cannot be successful. The key to successful news trading is making optimum use of these momentary fluctuations. The golden rule to this kind of trading is to track only a certain currency pair and not all the currency pairs in the market. Overloading yourself with information can be highly detrimental to trading. Keep yourself focused on a particular purchase, and keep yourself abreast with the latest up-to-the-minute facts and figures of the pair. This news can be tracked online at the Reuters website. Restrict yourself from overtrading, especially when you are not so high on capital investment. The market’s stability can be undone in a matter of seconds so it is important to pounce on any possible momentary profits that you come across. If you act properly, you can earn a lot through news trading.
One downside to Forex news trading is that if an influential investor has already had prior access to the news regarding the momentary fluctuations and if he has already capitalized on it, then the market might adjust itself to the news a tad too early and this will leave the other investors no time to act, thus leading to severe loss, often forcing them out of the market. So effectively, the market adjusts itself to the news that you see, in a matter of seconds. This is the reason why the news trading market is a very volatile one. It is very risky and should not be ventured into, unless you are strong on capital. My verdict: If you do not have that extra Dollar to lose, don’t try Forex News Trading. Play safe.
by Daniel Spivey
Forex news trading is a technique of trading by purely depending on the news and figures released daily. It does not involve any technical expertise. There are a plethora of news sources. From TV channels, to internet bulletins, Forex news trading has conquered it all. There are several currencies that are involved in Forex trading. Some major currencies are the USD, GBP, Australian Dollar, New Zealand Dollar, Japanese Yen, Euro and the Swiss Franc. Currency pair trading is possible 24 hrs a day and the typical Forex news trader will watch out for news regarding these currencies. A good trader will immediately jump at the market, if there be any fall in the rates of buying.
There is a very important concept to be understood here. The news that you see, is seen by a million others, around the world. They all see the same news. They all trade in the same arena. They all have their perspectives on what they think will be the market’s behavior, based on the same news that you are seeing. It is important to not blindly believe what is shown in the news. Just because CNN says so, does not mean it is true. That is only for the millions of Will Rogers around the world.
Forex figures and rates keep changing every second and all the trading that is done, based on these momentary stats, cannot be successful. The key to successful news trading is making optimum use of these momentary fluctuations. The golden rule to this kind of trading is to track only a certain currency pair and not all the currency pairs in the market. Overloading yourself with information can be highly detrimental to trading. Keep yourself focused on a particular purchase, and keep yourself abreast with the latest up-to-the-minute facts and figures of the pair. This news can be tracked online at the Reuters website. Restrict yourself from overtrading, especially when you are not so high on capital investment. The market’s stability can be undone in a matter of seconds so it is important to pounce on any possible momentary profits that you come across. If you act properly, you can earn a lot through news trading.
One downside to Forex news trading is that if an influential investor has already had prior access to the news regarding the momentary fluctuations and if he has already capitalized on it, then the market might adjust itself to the news a tad too early and this will leave the other investors no time to act, thus leading to severe loss, often forcing them out of the market. So effectively, the market adjusts itself to the news that you see, in a matter of seconds. This is the reason why the news trading market is a very volatile one. It is very risky and should not be ventured into, unless you are strong on capital. My verdict: If you do not have that extra Dollar to lose, don’t try Forex News Trading. Play safe.
Forex Trading Machine - What If You Could Actually Test This Strategy?
Forex Trading Machine - What If You Could Actually Test This Strategy?
by Dan K.
Forex Trading Machine is one of the latest, most popular forex trading strategies. Its creator, Avi Frister, is an experienced trader who promises a simple, easy-to-follow and profitable trading system. Many newbie traders just follow the hype and purchase Forex Trading Machine without knowing what to expect from it. The more experienced traders know that every trading system, even a cutting edge one, has its pros and cons. They can always use a good system or strategy but will never ever trade a strategy they do not understand or a strategy that has not been tested first in a demo account.
So the biggest dilemma every trader should face when it comes to choosing a trading system or strategy is whether they worth his time, efforts and money.
For instance, a day trader who enters a few short term positions per DAY would not be interested in a trading system designed to generate a few trading signals per MONTH. Likewise, newbie traders should not (although some of them think they should) look for a complicated system with numerous indicators they do not understand and list of rules they cannot follow.
The most important factor, however, is whether the system or strategy actually work. If we disregard subjective factors such as the psychological side of trading, every trader would like to have a solid proof that the trading system delivers. In this regard, most of the promotions on and off line for forex systems are very good in promises. They will promise you the moon, and if you are naive enough, you will take any lousy system as an ultimate "get-rich-quick" solution. To be honest, these promotions might be very tempting sometimes, but the bottom line is - you just cannot tell whether the system works until you try it yourself. I guess that every trader would like his friend or someone he knows to test the system or strategy first and only then, on the basis of real trading results, to make a decision whether they are profitable. In other words, the best way to choose a trading system is to TEST it first. And it is better if someone had tested the system for you and then let you see the results.
The conclusion is that even popular trading systems such as Forex Trading Machine need to be tested. Hence, before you spend your money on any system or strategy, it would be wise to invest some time and gather as many information as possible about them. Good sources of information are reliable forex forums, review sites and real record tracking of the system or strategy.
by Dan K.
Forex Trading Machine is one of the latest, most popular forex trading strategies. Its creator, Avi Frister, is an experienced trader who promises a simple, easy-to-follow and profitable trading system. Many newbie traders just follow the hype and purchase Forex Trading Machine without knowing what to expect from it. The more experienced traders know that every trading system, even a cutting edge one, has its pros and cons. They can always use a good system or strategy but will never ever trade a strategy they do not understand or a strategy that has not been tested first in a demo account.
So the biggest dilemma every trader should face when it comes to choosing a trading system or strategy is whether they worth his time, efforts and money.
For instance, a day trader who enters a few short term positions per DAY would not be interested in a trading system designed to generate a few trading signals per MONTH. Likewise, newbie traders should not (although some of them think they should) look for a complicated system with numerous indicators they do not understand and list of rules they cannot follow.
The most important factor, however, is whether the system or strategy actually work. If we disregard subjective factors such as the psychological side of trading, every trader would like to have a solid proof that the trading system delivers. In this regard, most of the promotions on and off line for forex systems are very good in promises. They will promise you the moon, and if you are naive enough, you will take any lousy system as an ultimate "get-rich-quick" solution. To be honest, these promotions might be very tempting sometimes, but the bottom line is - you just cannot tell whether the system works until you try it yourself. I guess that every trader would like his friend or someone he knows to test the system or strategy first and only then, on the basis of real trading results, to make a decision whether they are profitable. In other words, the best way to choose a trading system is to TEST it first. And it is better if someone had tested the system for you and then let you see the results.
The conclusion is that even popular trading systems such as Forex Trading Machine need to be tested. Hence, before you spend your money on any system or strategy, it would be wise to invest some time and gather as many information as possible about them. Good sources of information are reliable forex forums, review sites and real record tracking of the system or strategy.
Forex Killer Review - 3 important benefits you should know
Forex Killer Review - 3 important benefits you should know
by By Ben Lipski
If you do a quick online research under the term "forex systems", you will find out that Forex Killer is one of the most popular trading software out there. For those of you who do not know, Forex Killer is NOT an automated trading software but a trading signal generator. It means that the mathematical algorithm of the Forex Killer software provides you with a very important piece of data - whether you should enter the trade and what is the probability of success.
Benefit #1: Clear Entry Signals
For instance, let's say that you consider entering a long position on the EUR/USD. The Forex Killer algorithm will calculate whether a long position is at all an option according to the system's rules. If not, you will get a "No Trade" signal and stay out. If you get a "Trade" signal, the software will also provide you with the trade probability - I personally enter trades with probability of 70% or more. To fit different trading styles, the Forex Killer software calculates and displays the "Trade/No Trade" signal as well as the probability data for both SHORT and LONG term positions.
Benefit #2: Easy to use & quick market analysis
For some reason, many traders got the impression that Forex Killer is a complicated software. Wrong. While the mathematical algorithm of the software is very sophisticated and based on the knowledge of veteran forex traders, using Forex Killer is quite simple. The new version enables you to upload the relevant data in literally seconds and scan numerous currency pairs within minutes. This important feature ensures that you will not miss trading opportunities in every given moment.
Benefit #3: Unlimited lifetime trading signals
Once you download Forex Killer, you get access to unlimited trading signals for life. Unlike other trading signals providers that require monthly payment and subscription, Forex Killer provides you with a lifetime trading signals generator for a relatively minor one time payment. No doubt, the ROI (return on investment) on Forex Killer is amazingly high in comparison to any regular signal service. Finally, as Forex killer processes the data by the second, it provides more accurate signals than the old school signal providers.
by By Ben Lipski
If you do a quick online research under the term "forex systems", you will find out that Forex Killer is one of the most popular trading software out there. For those of you who do not know, Forex Killer is NOT an automated trading software but a trading signal generator. It means that the mathematical algorithm of the Forex Killer software provides you with a very important piece of data - whether you should enter the trade and what is the probability of success.
Benefit #1: Clear Entry Signals
For instance, let's say that you consider entering a long position on the EUR/USD. The Forex Killer algorithm will calculate whether a long position is at all an option according to the system's rules. If not, you will get a "No Trade" signal and stay out. If you get a "Trade" signal, the software will also provide you with the trade probability - I personally enter trades with probability of 70% or more. To fit different trading styles, the Forex Killer software calculates and displays the "Trade/No Trade" signal as well as the probability data for both SHORT and LONG term positions.
Benefit #2: Easy to use & quick market analysis
For some reason, many traders got the impression that Forex Killer is a complicated software. Wrong. While the mathematical algorithm of the software is very sophisticated and based on the knowledge of veteran forex traders, using Forex Killer is quite simple. The new version enables you to upload the relevant data in literally seconds and scan numerous currency pairs within minutes. This important feature ensures that you will not miss trading opportunities in every given moment.
Benefit #3: Unlimited lifetime trading signals
Once you download Forex Killer, you get access to unlimited trading signals for life. Unlike other trading signals providers that require monthly payment and subscription, Forex Killer provides you with a lifetime trading signals generator for a relatively minor one time payment. No doubt, the ROI (return on investment) on Forex Killer is amazingly high in comparison to any regular signal service. Finally, as Forex killer processes the data by the second, it provides more accurate signals than the old school signal providers.
วันศุกร์ที่ 21 มีนาคม พ.ศ. 2551
A Brief Look at the Fascinating World of Forex Exchange Rates
A Brief Look at the Fascinating World of Forex Exchange Rates
by Korbin Newlyn
One of the primary methods of making a profit on the foreign exchange or the Forex market is to be able to purchase and sell currencies in such a way that whatever fluctuations there may be in the prices will end up helping you to earn a tidy profit. Therefore, understanding the meaning and nature of foreign exchange rates is crucial to your success in Forex trading and though it might, on the surface, appear to be a simple matter that anybody can learn, in reality it isn't all that straightforward a subject and therefore requires some in-depth knowledge prior to a person being able to succeed in Forex trading.
A Rich History
Actually, there is a rich history behind the foreign exchange rates so you need to understand the importance of understanding why things happen the way that they do on the Forex market and also educate yourself in making the right decisions so that you can capitalize on your knowledge.
So, to actually comprehend foreign exchange rates, you must be certain of what they in fact really are A definition of foreign exchange rates would be that they are the value of one currency as it relates to a second currency.
Therefore, when the exchange rate between two different currencies is listed as being a first currency fetching 1.20 of the second currency, then the foreign exchange rate is 1:1.2. Additionally, you will also need to comprehend why currencies have values that are different and this can be best explained by the fact that after the valuation of currencies throughout the world moved away from 'gold standards', the prices of currencies started to be pegged against the US dollar, and other currencies fluctuated upwards or downwards as they related to this currency in a range of not more than a single percentage.
Hence, this was the start of foreign exchange rates and it was commonly referred to as fixed exchange rate. Since these changes in the method that the trade is carried out in recent times, both the fixed exchange rates and the gold standard have been abandoned so the forex exchange rates are now typically known as fluctuating exchange rates.
In reality it means that presently forex exchange rates are influenced by the forces of the market and when demand for a specific currency exceeds its supply then the Forex exchange rates will end up going higher for the currency being demanded, and the opposite would occur should the demand decrease.
Now that the US dollar is the base currency in Forex trading, the US government merely prints additional dollars and then sells these new dollars to various countries in the form of debts, though due to rising oil prices as well as stronger world economies, currently the US dollar is losing its vice like grip as the predominant currency of the world which is eroding the exchange rates of the dollar and the United States closest trading allies are affected as well.
by Korbin Newlyn
One of the primary methods of making a profit on the foreign exchange or the Forex market is to be able to purchase and sell currencies in such a way that whatever fluctuations there may be in the prices will end up helping you to earn a tidy profit. Therefore, understanding the meaning and nature of foreign exchange rates is crucial to your success in Forex trading and though it might, on the surface, appear to be a simple matter that anybody can learn, in reality it isn't all that straightforward a subject and therefore requires some in-depth knowledge prior to a person being able to succeed in Forex trading.
A Rich History
Actually, there is a rich history behind the foreign exchange rates so you need to understand the importance of understanding why things happen the way that they do on the Forex market and also educate yourself in making the right decisions so that you can capitalize on your knowledge.
So, to actually comprehend foreign exchange rates, you must be certain of what they in fact really are A definition of foreign exchange rates would be that they are the value of one currency as it relates to a second currency.
Therefore, when the exchange rate between two different currencies is listed as being a first currency fetching 1.20 of the second currency, then the foreign exchange rate is 1:1.2. Additionally, you will also need to comprehend why currencies have values that are different and this can be best explained by the fact that after the valuation of currencies throughout the world moved away from 'gold standards', the prices of currencies started to be pegged against the US dollar, and other currencies fluctuated upwards or downwards as they related to this currency in a range of not more than a single percentage.
Hence, this was the start of foreign exchange rates and it was commonly referred to as fixed exchange rate. Since these changes in the method that the trade is carried out in recent times, both the fixed exchange rates and the gold standard have been abandoned so the forex exchange rates are now typically known as fluctuating exchange rates.
In reality it means that presently forex exchange rates are influenced by the forces of the market and when demand for a specific currency exceeds its supply then the Forex exchange rates will end up going higher for the currency being demanded, and the opposite would occur should the demand decrease.
Now that the US dollar is the base currency in Forex trading, the US government merely prints additional dollars and then sells these new dollars to various countries in the form of debts, though due to rising oil prices as well as stronger world economies, currently the US dollar is losing its vice like grip as the predominant currency of the world which is eroding the exchange rates of the dollar and the United States closest trading allies are affected as well.
วันอังคารที่ 18 มีนาคม พ.ศ. 2551
Forex Trading with Fibonacci
Forex Trading with Fibonacci
by Martin Bottomley
Trading on the foreign exchange markets is a complex business to say the least, and so it will come as no surprise that almost every trader will spend a high percentage of their time searching for anything that will provide an extra edge.
Fibonacci - or to give him his full and correct name Leonardo Pisano, was an Italian mathematician who lived in Pisa in the middle ages.
Amongst his many claims to fame he is credited with calculating "The Golden Ratio" and "The Fibonacci Series" by which the next number of the series is obtained by adding the last two numbers together...... 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, ...
The thing that is quite surprising about the Fibonacci series is that this mathematical sequence naturally occurs so very often in nature, and in so many facets of life. This may have something to do with why it is felt that Fibonacci has a part to play in helping us to trade on the foreign exchange.
Now stay with me here, because we need to take a look at the all important inverse ratio, because it is the use of the inverse ratio that we traders are most interested in.
If you divide one of the "Series" of numbers by the previous number in the series you will always get the answer 1.618 and if you divide a "Series" number by a "Series" number two along you will always get the answer 2.618 or put another way the inverse ratios of 0.618 and 0.38916 respectively.
Do you really need to know any of this? Well yes and no.
Sometimes it puts things into perspective of you understand how they came to be used and it is of course extremely important to understand as much as possible of what is going on in the minds of the other market participants.
You will, if you have been trading for more than a short while, have come across the retracement levels of 38% and 62%. Guess where they were calculated from.
Yes, they are the rounded numbers derived from the Fibonacci series and portrayed as a percentage.
Many traders freely state that when a retracement is underway, price will generally "turn" at one of these levels and if it does not, then it is no longer a retracement, it is a reversal.
Over time an extra level has been included which is 50% but as far as I can ascertain this is not a number that is attributed to our friend Leonardo.
So what is the truth of all of this?
It is true that Leonardo Pisano, was an Italian mathematician who lived in Pisa in the middle ages, and it is likely true that he was the first to document "The Golden Ratio" and "The Fibonacci Series".
As to whether the Fibonacci levels will work when used as a trading aid is, I believe, largely dependent upon how popular the Fibonacci trading levels theory is at any given time.
If the price of a currency pair has reached 1.5670 from a low of 1.5282 and then price starts to retrace, and if the vast majority of traders who are active on this currency pair believe that the Fibonacci levels are a valuable trading aid, then price will most likely bounce at the 38% level of 1.5525 or at the 50% level or at the 62% level.
If on the other hand the majority of traders who are active on this currency pair believe that the Fibonacci levels have no trading aid value at all, then price will most likely settle at whatever is the current perceived market value of that pair.
Do I use Fibonacci levels?
Well to tell the truth, I do watch the levels, but only because so many traders believe that they work, and maybe this belief alone is enough to endorse their use.
by Martin Bottomley
Trading on the foreign exchange markets is a complex business to say the least, and so it will come as no surprise that almost every trader will spend a high percentage of their time searching for anything that will provide an extra edge.
Fibonacci - or to give him his full and correct name Leonardo Pisano, was an Italian mathematician who lived in Pisa in the middle ages.
Amongst his many claims to fame he is credited with calculating "The Golden Ratio" and "The Fibonacci Series" by which the next number of the series is obtained by adding the last two numbers together...... 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, ...
The thing that is quite surprising about the Fibonacci series is that this mathematical sequence naturally occurs so very often in nature, and in so many facets of life. This may have something to do with why it is felt that Fibonacci has a part to play in helping us to trade on the foreign exchange.
Now stay with me here, because we need to take a look at the all important inverse ratio, because it is the use of the inverse ratio that we traders are most interested in.
If you divide one of the "Series" of numbers by the previous number in the series you will always get the answer 1.618 and if you divide a "Series" number by a "Series" number two along you will always get the answer 2.618 or put another way the inverse ratios of 0.618 and 0.38916 respectively.
Do you really need to know any of this? Well yes and no.
Sometimes it puts things into perspective of you understand how they came to be used and it is of course extremely important to understand as much as possible of what is going on in the minds of the other market participants.
You will, if you have been trading for more than a short while, have come across the retracement levels of 38% and 62%. Guess where they were calculated from.
Yes, they are the rounded numbers derived from the Fibonacci series and portrayed as a percentage.
Many traders freely state that when a retracement is underway, price will generally "turn" at one of these levels and if it does not, then it is no longer a retracement, it is a reversal.
Over time an extra level has been included which is 50% but as far as I can ascertain this is not a number that is attributed to our friend Leonardo.
So what is the truth of all of this?
It is true that Leonardo Pisano, was an Italian mathematician who lived in Pisa in the middle ages, and it is likely true that he was the first to document "The Golden Ratio" and "The Fibonacci Series".
As to whether the Fibonacci levels will work when used as a trading aid is, I believe, largely dependent upon how popular the Fibonacci trading levels theory is at any given time.
If the price of a currency pair has reached 1.5670 from a low of 1.5282 and then price starts to retrace, and if the vast majority of traders who are active on this currency pair believe that the Fibonacci levels are a valuable trading aid, then price will most likely bounce at the 38% level of 1.5525 or at the 50% level or at the 62% level.
If on the other hand the majority of traders who are active on this currency pair believe that the Fibonacci levels have no trading aid value at all, then price will most likely settle at whatever is the current perceived market value of that pair.
Do I use Fibonacci levels?
Well to tell the truth, I do watch the levels, but only because so many traders believe that they work, and maybe this belief alone is enough to endorse their use.
Forex Trading Education - Avoiding Scams
Forex Trading Education - Avoiding Scams
by Harold Hsu
If you've spent some time searching the internet for Forex trading resources, chances are that you'll have come across at least one scam Forex trading product.
On the internet, there are countless scammers that try to tempt their 'victims' into buying their latest "trading system" that promises instant wealth. But as ridiculous as these claims may sound, there are people every day who unfortunately believe them.
Before you hand over your money to purchase another Forex trading product, try to avoid websites with these characteristics:
Tell-tale sign #1 - "Guaranteed Profits"
I'll say this now: any website that promises you guaranteed profits is outright lying.
You see, even if such a system did exist, chances are you wouldn't be able to afford it as a typical retail trader. There are many people more powerful and richer than you who would pay to keep this system to themselves. I'm sorry for being blunt, but it's the truth.
So please, if you're considering forking your money over for a 'guaranteed profit' trading system, close your web browser and as fast as you can!
Tell-tale sign #2 - Signal-Generating Software
This is another obvious scam. There's no way on earth that any financial market can be predicted using a formula... and yet that's exactly what these software 'developers' claim that their software can do!
Let me just put it this way: if the financial markets could really be predicted using some sort of formula, don't you think the big investment banks would be using at least a variant of it?
The simple fact that the large institutional traders still have a job - and have not lost it to computers - is because all attempts to use software to predict human behaviour in the market have failed to produce consistent profits.
The Best Way To Trade
Many people don't like to hear this, but unfortunately the best way to trade is to LEARN how to trade for yourself. Developing your own trading system is a tough, but highly rewarding experience.
Don't sell yourself short by spending any money on 'get-rich-easy' schemes... you'll be better off in the long run.
by Harold Hsu
If you've spent some time searching the internet for Forex trading resources, chances are that you'll have come across at least one scam Forex trading product.
On the internet, there are countless scammers that try to tempt their 'victims' into buying their latest "trading system" that promises instant wealth. But as ridiculous as these claims may sound, there are people every day who unfortunately believe them.
Before you hand over your money to purchase another Forex trading product, try to avoid websites with these characteristics:
Tell-tale sign #1 - "Guaranteed Profits"
I'll say this now: any website that promises you guaranteed profits is outright lying.
You see, even if such a system did exist, chances are you wouldn't be able to afford it as a typical retail trader. There are many people more powerful and richer than you who would pay to keep this system to themselves. I'm sorry for being blunt, but it's the truth.
So please, if you're considering forking your money over for a 'guaranteed profit' trading system, close your web browser and as fast as you can!
Tell-tale sign #2 - Signal-Generating Software
This is another obvious scam. There's no way on earth that any financial market can be predicted using a formula... and yet that's exactly what these software 'developers' claim that their software can do!
Let me just put it this way: if the financial markets could really be predicted using some sort of formula, don't you think the big investment banks would be using at least a variant of it?
The simple fact that the large institutional traders still have a job - and have not lost it to computers - is because all attempts to use software to predict human behaviour in the market have failed to produce consistent profits.
The Best Way To Trade
Many people don't like to hear this, but unfortunately the best way to trade is to LEARN how to trade for yourself. Developing your own trading system is a tough, but highly rewarding experience.
Don't sell yourself short by spending any money on 'get-rich-easy' schemes... you'll be better off in the long run.
วันจันทร์ที่ 17 มีนาคม พ.ศ. 2551
Why Forex Traders Fail
Why Forex Traders Fail
by Joerg Hausmann
Amazingly enough according to estimates, 90 percent of Forex traders lose money. Futures traders fare a little better, 70 to 80 percent are losing traders. Another fact is that the Forex traders lose their trading capital in record time, 6 months, compared to Futures traders at about 12 months. To put all this in perspective I will do a comparison with small business start-ups and how they cope with failure. Further I will also look at the reasons traders and businesses fail. For those of you that think this comparison is not relevant, think again. Why is Forex trading different from any other business? The motive is to make money, right? Otherwise, it would be no different from roulette or any other game that can be found in Las Vegas or Macau.
According to the article, Survival and Longevity in the Business Employment Dynamics Data, (Monthly Labor Review 2005) Amy Knaup shows that about 60 percent of business establishments that opened in second quarter of 1998 were still in existence 24 months later. In other words, only 40 percent of new businesses failed within 24 months, that is much better than any traders can show. So why is it that business and traders fail and are there any similarities. Let's have a look at another 2005 study Small businesses: Causes of bankruptcy by Don B. Bradley III and Chris Cowdery from the University of Central Arkansas. In this study, they authors elaborate that roughly 90 percent of the business failure is due to poor management caused by a lack of knowledge. So what kind of knowledge are business owners lacking? The areas where knowledge is lacking are many but the following are the most common:
1.Bad management practices
2.Poor choice of location
3.Failure to invest in new products and efficient technology
4.Lack of adequate financing.
In some ways Forex trading is more straight-forward than starting a business (no incorporation, no sales or marketing etc), but on the other hand it is also more complex and illogical since we are dealing with human consensus and expectations driving exchange rates up and down seemingly at random. Going through the above four reasons for business failure and translating it into the Forex trading equivalent we get:
1.Bad profit and risk management
2.Poor choice of Forex broker
3.Failure to invest in a proper trading and charting platform
4.Under-capitalized
But for a Forex trader it usually doesn't stop here. Most people signing up for a Forex broker account do so without much knowledge about the Forex market and the psychology involved. On my website I have created a free Forex trading course that addresses the deficiencies that lead to failure of Forex traders. In order to make it easier for traders to grasp the difficulties, I developed the Three Pillars to Profit:
-The Right Trading System, i.e a validated Trading System that produces consistent profits
-The Right Psychology, i.e a Psychology that supports your trading effort towards consistent profits
-The Right Experience, i.e an Experience that promotes confidence in your Trading System
This probably seems obvious but believe me, it isn't. Contrary to what all Forex Brokers want us to believe, Forex trading is not easy.
We have established that Forex traders and Business owners face pretty much the same problems, but why is it that Forex traders fail to such an astounding degree compared to business owners. The Three Pillars to Profit I think explains it all, because most traders that enter the Forex arena are severely lacking in all the three pillars. Would you start a Supermarket if you had only 1 or 2 weeks of experience as a Supermarket clerk? Would you start a business without having any idea about how to generate sales or market your products? If you answered "No" then you are smart, but this is exactly how many aspiring Forex traders approach their new venture. They don't have a clue of what they are doing.
by Joerg Hausmann
Amazingly enough according to estimates, 90 percent of Forex traders lose money. Futures traders fare a little better, 70 to 80 percent are losing traders. Another fact is that the Forex traders lose their trading capital in record time, 6 months, compared to Futures traders at about 12 months. To put all this in perspective I will do a comparison with small business start-ups and how they cope with failure. Further I will also look at the reasons traders and businesses fail. For those of you that think this comparison is not relevant, think again. Why is Forex trading different from any other business? The motive is to make money, right? Otherwise, it would be no different from roulette or any other game that can be found in Las Vegas or Macau.
According to the article, Survival and Longevity in the Business Employment Dynamics Data, (Monthly Labor Review 2005) Amy Knaup shows that about 60 percent of business establishments that opened in second quarter of 1998 were still in existence 24 months later. In other words, only 40 percent of new businesses failed within 24 months, that is much better than any traders can show. So why is it that business and traders fail and are there any similarities. Let's have a look at another 2005 study Small businesses: Causes of bankruptcy by Don B. Bradley III and Chris Cowdery from the University of Central Arkansas. In this study, they authors elaborate that roughly 90 percent of the business failure is due to poor management caused by a lack of knowledge. So what kind of knowledge are business owners lacking? The areas where knowledge is lacking are many but the following are the most common:
1.Bad management practices
2.Poor choice of location
3.Failure to invest in new products and efficient technology
4.Lack of adequate financing.
In some ways Forex trading is more straight-forward than starting a business (no incorporation, no sales or marketing etc), but on the other hand it is also more complex and illogical since we are dealing with human consensus and expectations driving exchange rates up and down seemingly at random. Going through the above four reasons for business failure and translating it into the Forex trading equivalent we get:
1.Bad profit and risk management
2.Poor choice of Forex broker
3.Failure to invest in a proper trading and charting platform
4.Under-capitalized
But for a Forex trader it usually doesn't stop here. Most people signing up for a Forex broker account do so without much knowledge about the Forex market and the psychology involved. On my website I have created a free Forex trading course that addresses the deficiencies that lead to failure of Forex traders. In order to make it easier for traders to grasp the difficulties, I developed the Three Pillars to Profit:
-The Right Trading System, i.e a validated Trading System that produces consistent profits
-The Right Psychology, i.e a Psychology that supports your trading effort towards consistent profits
-The Right Experience, i.e an Experience that promotes confidence in your Trading System
This probably seems obvious but believe me, it isn't. Contrary to what all Forex Brokers want us to believe, Forex trading is not easy.
We have established that Forex traders and Business owners face pretty much the same problems, but why is it that Forex traders fail to such an astounding degree compared to business owners. The Three Pillars to Profit I think explains it all, because most traders that enter the Forex arena are severely lacking in all the three pillars. Would you start a Supermarket if you had only 1 or 2 weeks of experience as a Supermarket clerk? Would you start a business without having any idea about how to generate sales or market your products? If you answered "No" then you are smart, but this is exactly how many aspiring Forex traders approach their new venture. They don't have a clue of what they are doing.
Why Forex Traders Fail
Why Forex Traders Fail
by Joerg Hausmann
Amazingly enough according to estimates, 90 percent of Forex traders lose money. Futures traders fare a little better, 70 to 80 percent are losing traders. Another fact is that the Forex traders lose their trading capital in record time, 6 months, compared to Futures traders at about 12 months. To put all this in perspective I will do a comparison with small business start-ups and how they cope with failure. Further I will also look at the reasons traders and businesses fail. For those of you that think this comparison is not relevant, think again. Why is Forex trading different from any other business? The motive is to make money, right? Otherwise, it would be no different from roulette or any other game that can be found in Las Vegas or Macau.
According to the article, “Survival and Longevity in the Business Employment Dynamics Data,†(Monthly Labor Review 2005) Amy Knaup shows that about 60 percent of business establishments that opened in second quarter of 1998 were still in existence 24 months later. In other words, only 40 percent of new businesses failed within 24 months, that is much better than any traders can show. So why is it that business and traders fail and are there any similarities. Let's have a look at another 2005 study “Small businesses: Causes of bankruptcy†by Don B. Bradley III and Chris Cowdery from the University of Central Arkansas. In this study, they authors elaborate that roughly 90 percent of the business failure is due to “poor management caused by a lack of knowledge.†So what kind of knowledge are business owners lacking? The areas where knowledge is lacking are many but the following are the most common:
1.Bad management practices
2.Poor choice of location
3.Failure to invest in new products and efficient technology
4.Lack of adequate financing.
In some ways Forex trading is more straight-forward than starting a business (no incorporation, no sales or marketing etc), but on the other hand it is also more complex and illogical since we are dealing with human consensus and expectations driving exchange rates up and down seemingly at random. Going through the above four reasons for business failure and translating it into the Forex trading equivalent we get:
1.Bad profit and risk management
2.Poor choice of Forex broker
3.Failure to invest in a proper trading and charting platform
4.Under-capitalized
But for a Forex trader it usually doesn't stop here. Most people signing up for a Forex broker account do so without much knowledge about the Forex market and the psychology involved. On my website I have created a free Forex trading course that addresses the deficiencies that lead to failure of Forex traders. In order to make it easier for traders to grasp the difficulties, I developed the “Three Pillars to Profitâ€:
-The Right Trading System, i.e a validated Trading System that produces consistent profits
-The Right Psychology, i.e a Psychology that supports your trading effort towards consistent profits
-The Right Experience, i.e an Experience that promotes confidence in your Trading System
This probably seems obvious but believe me, it isn't. Contrary to what all Forex Brokers want us to believe, Forex trading is not easy.
We have established that Forex traders and Business owners face pretty much the same problems, but why is it that Forex traders fail to such an astounding degree compared to business owners. The “Three Pillars to Profit†I think explains it all, because most traders that enter the Forex arena are severely lacking in all the three pillars. Would you start a Supermarket if you had only 1 or 2 weeks of experience as a Supermarket clerk? Would you start a business without having any idea about how to generate sales or market your products? If you answered "No" then you are smart, but this is exactly how many aspiring Forex traders approach their new venture. They don't have a clue of what they are doing.
by Joerg Hausmann
Amazingly enough according to estimates, 90 percent of Forex traders lose money. Futures traders fare a little better, 70 to 80 percent are losing traders. Another fact is that the Forex traders lose their trading capital in record time, 6 months, compared to Futures traders at about 12 months. To put all this in perspective I will do a comparison with small business start-ups and how they cope with failure. Further I will also look at the reasons traders and businesses fail. For those of you that think this comparison is not relevant, think again. Why is Forex trading different from any other business? The motive is to make money, right? Otherwise, it would be no different from roulette or any other game that can be found in Las Vegas or Macau.
According to the article, “Survival and Longevity in the Business Employment Dynamics Data,†(Monthly Labor Review 2005) Amy Knaup shows that about 60 percent of business establishments that opened in second quarter of 1998 were still in existence 24 months later. In other words, only 40 percent of new businesses failed within 24 months, that is much better than any traders can show. So why is it that business and traders fail and are there any similarities. Let's have a look at another 2005 study “Small businesses: Causes of bankruptcy†by Don B. Bradley III and Chris Cowdery from the University of Central Arkansas. In this study, they authors elaborate that roughly 90 percent of the business failure is due to “poor management caused by a lack of knowledge.†So what kind of knowledge are business owners lacking? The areas where knowledge is lacking are many but the following are the most common:
1.Bad management practices
2.Poor choice of location
3.Failure to invest in new products and efficient technology
4.Lack of adequate financing.
In some ways Forex trading is more straight-forward than starting a business (no incorporation, no sales or marketing etc), but on the other hand it is also more complex and illogical since we are dealing with human consensus and expectations driving exchange rates up and down seemingly at random. Going through the above four reasons for business failure and translating it into the Forex trading equivalent we get:
1.Bad profit and risk management
2.Poor choice of Forex broker
3.Failure to invest in a proper trading and charting platform
4.Under-capitalized
But for a Forex trader it usually doesn't stop here. Most people signing up for a Forex broker account do so without much knowledge about the Forex market and the psychology involved. On my website I have created a free Forex trading course that addresses the deficiencies that lead to failure of Forex traders. In order to make it easier for traders to grasp the difficulties, I developed the “Three Pillars to Profitâ€:
-The Right Trading System, i.e a validated Trading System that produces consistent profits
-The Right Psychology, i.e a Psychology that supports your trading effort towards consistent profits
-The Right Experience, i.e an Experience that promotes confidence in your Trading System
This probably seems obvious but believe me, it isn't. Contrary to what all Forex Brokers want us to believe, Forex trading is not easy.
We have established that Forex traders and Business owners face pretty much the same problems, but why is it that Forex traders fail to such an astounding degree compared to business owners. The “Three Pillars to Profit†I think explains it all, because most traders that enter the Forex arena are severely lacking in all the three pillars. Would you start a Supermarket if you had only 1 or 2 weeks of experience as a Supermarket clerk? Would you start a business without having any idea about how to generate sales or market your products? If you answered "No" then you are smart, but this is exactly how many aspiring Forex traders approach their new venture. They don't have a clue of what they are doing.
วันอาทิตย์ที่ 16 มีนาคม พ.ศ. 2551
Why You Should Trade Options
Why You Should Trade Options
by Simon Franco
Leverage Options are contracts that can be traded just like stocks. The reason you should trade options is because of the powerful leverage they offer. To fully understand the leverage we can look at an imaginary stock called XXX
This stock might be trading at a value of $40.00. To buy 100 of XXX it would cost a total of $4000, plus brokerage costs. If the stocks go up $5.00 then we have a profit of $500. So then we look at what options can do
The call option for XXX for the forward month would cost about $300, plus brokerage. Now, options give you the right to buy the stock, but you have no obligation to buy. So when the stock price goes up so does the option price. The option price will rise in accordance with the stock price. Each option has a variable rate by which it can rise, but "at the money" options will rise at the same rate of the stock. So the same $5.00 price rice is applied to the at the money call option. The Call option is now worth $8.00, and can be sold for $800.
So from the above example we see that the same profit can be realized without outlaying a greater amount of money. For the stock, the outlay was $4000, whereas with the options contract the outlay was $300. And then the profit was the same.
Protection
Options can give you protection for your stock. A put option is a contract that allows you to sell your stock at a pre-determined price, within a given time period. It gives you the right, but does not force you to sell the stock. Put options can be thought of as insurance. Insure your stock in the market. It really is a smart idea. It will cost you but then all insurance costs. It is good to have a piece of mind knowing that you stock cannot go below your options price. If you only have one reason to buy options, this should be it.
Stock Recovery
Options can be used to recover losses in the market. There are lots of strategies you can use with options and this strategy is called the stock recovery option strategy. I won't cover it here in detail, but I will tell you that by using this combinations of options, you can quickly recover any losses you have had in the price of your stock when the market goes bearish.
Extra Income There is a strategy to use with options over stocks that will produce you a regular income. The covered call strategy is used to get monthly income from stocks that you already own. Even if you don't own stocks, you can use this strategy with options to create a regular income. It is used by lots of people to supplement there existing income and can be a true wealth building tool.
Mix and Match Options, when used in conjunction with CFD's, stocks, futures, and forex give you a powerful way of creating income and capitol growth. You can mix and match these tools to get the best outcome for your trade. You must however, understand how each of these work to be able to fully utilize them.
Education in all of these areas is necessary before you begin trading. To ignore the rules and trade options or any of these tools will cost you a lot of money and wasted time.
by Simon Franco
Leverage Options are contracts that can be traded just like stocks. The reason you should trade options is because of the powerful leverage they offer. To fully understand the leverage we can look at an imaginary stock called XXX
This stock might be trading at a value of $40.00. To buy 100 of XXX it would cost a total of $4000, plus brokerage costs. If the stocks go up $5.00 then we have a profit of $500. So then we look at what options can do
The call option for XXX for the forward month would cost about $300, plus brokerage. Now, options give you the right to buy the stock, but you have no obligation to buy. So when the stock price goes up so does the option price. The option price will rise in accordance with the stock price. Each option has a variable rate by which it can rise, but "at the money" options will rise at the same rate of the stock. So the same $5.00 price rice is applied to the at the money call option. The Call option is now worth $8.00, and can be sold for $800.
So from the above example we see that the same profit can be realized without outlaying a greater amount of money. For the stock, the outlay was $4000, whereas with the options contract the outlay was $300. And then the profit was the same.
Protection
Options can give you protection for your stock. A put option is a contract that allows you to sell your stock at a pre-determined price, within a given time period. It gives you the right, but does not force you to sell the stock. Put options can be thought of as insurance. Insure your stock in the market. It really is a smart idea. It will cost you but then all insurance costs. It is good to have a piece of mind knowing that you stock cannot go below your options price. If you only have one reason to buy options, this should be it.
Stock Recovery
Options can be used to recover losses in the market. There are lots of strategies you can use with options and this strategy is called the stock recovery option strategy. I won't cover it here in detail, but I will tell you that by using this combinations of options, you can quickly recover any losses you have had in the price of your stock when the market goes bearish.
Extra Income There is a strategy to use with options over stocks that will produce you a regular income. The covered call strategy is used to get monthly income from stocks that you already own. Even if you don't own stocks, you can use this strategy with options to create a regular income. It is used by lots of people to supplement there existing income and can be a true wealth building tool.
Mix and Match Options, when used in conjunction with CFD's, stocks, futures, and forex give you a powerful way of creating income and capitol growth. You can mix and match these tools to get the best outcome for your trade. You must however, understand how each of these work to be able to fully utilize them.
Education in all of these areas is necessary before you begin trading. To ignore the rules and trade options or any of these tools will cost you a lot of money and wasted time.
The Forex Assassin
The Forex Assassin
by Mandy35
Feel like it's just too damn difficult to make money with Forex? Why sit all day and monitor the market? Why experience the stress that is normally involved in forex trading? You can skip all the hard work and trade hassle free with "The Forex Assassin! The Forex Assassin is the easiest way to make money with forex trading and bank thousands of dollars every single week and without ANY prior knowledge or experience of forex. It is a consistently PROFITABLE system whereby all you need to do is enter EXACT data into the formula that it will provide you with, then watch as this revolutionary new system spits out exactly when to open and close your trades. This system does it all for you without any further thought on your part. In short, it's an easy and simple process for you to carry out with little effort - leaving you to get on with your day and your life and still make make money trading forex!
The Forex Assassin involves No decision making, no learning curve and no mastering of your gut instinct involved. A Super Profitable, Step-by-Step System - designed for the guys who couldn't profit using the "old school" methods.
Are you prepared to abandon everything you thought you knew about this "trillion dollar playground and start with The Forex Assassin? You can use ForexAssassin if you thought about making a KILLING trading forex trading but don't know where to start, already purchased a forex system or system promising the world only to be baffled with useless terminology and charts (that work in hindsight but fail to work in real market conditions) and thought you couldn't make money with forex trading if you have a 9-to-5 and little capital. The Forex Assassin Formula is The Only System Designed for 9-to-5'ers - start with as little as $100 and set and forget (you work out your trades during the weekend). You can test the system without risking a cent - fully test the formula, risk-free for 8 weeks - see the profitability and ease of use for yourself. The Forex Assassin involves ZERO decision making required- it will tell you exactly when to enter and exit - no previous experience, expensive equipment or long hours needed. And it is easy, unique "price driven" system - absolutely no complicated indicators whatsoever, guaranteed!
So,If you want to put an end on the days of failure and painful stinging losses in Forex Trading, this is the perfect time to try a new system that actually work!
Discover The Forex Assassin Now!
You will not find a better and more profitable income opportunity in today's marketplace. Forex traders are generating incredible wealth day after day from the comfort of their home and you could be one of them. In fact there is $1.5 Trillion traded on forex each day. This revolutionary system will allow you a piece of that pie for one key reason - it doesn't waste time using unnecessary indicators. It uses the Forex Assassin revolutionary trading zones method.
The Forex Assassin system is 100% mechanical you don't have to think about what to do next. The system does it for you. It spits out the numbers for you to enter into your trading platform and that's it.This revolutionary new system is perfect for those entering the forex market for the first time and for those who have wasted their time with other forex day trading systems.
by Mandy35
Feel like it's just too damn difficult to make money with Forex? Why sit all day and monitor the market? Why experience the stress that is normally involved in forex trading? You can skip all the hard work and trade hassle free with "The Forex Assassin! The Forex Assassin is the easiest way to make money with forex trading and bank thousands of dollars every single week and without ANY prior knowledge or experience of forex. It is a consistently PROFITABLE system whereby all you need to do is enter EXACT data into the formula that it will provide you with, then watch as this revolutionary new system spits out exactly when to open and close your trades. This system does it all for you without any further thought on your part. In short, it's an easy and simple process for you to carry out with little effort - leaving you to get on with your day and your life and still make make money trading forex!
The Forex Assassin involves No decision making, no learning curve and no mastering of your gut instinct involved. A Super Profitable, Step-by-Step System - designed for the guys who couldn't profit using the "old school" methods.
Are you prepared to abandon everything you thought you knew about this "trillion dollar playground and start with The Forex Assassin? You can use ForexAssassin if you thought about making a KILLING trading forex trading but don't know where to start, already purchased a forex system or system promising the world only to be baffled with useless terminology and charts (that work in hindsight but fail to work in real market conditions) and thought you couldn't make money with forex trading if you have a 9-to-5 and little capital. The Forex Assassin Formula is The Only System Designed for 9-to-5'ers - start with as little as $100 and set and forget (you work out your trades during the weekend). You can test the system without risking a cent - fully test the formula, risk-free for 8 weeks - see the profitability and ease of use for yourself. The Forex Assassin involves ZERO decision making required- it will tell you exactly when to enter and exit - no previous experience, expensive equipment or long hours needed. And it is easy, unique "price driven" system - absolutely no complicated indicators whatsoever, guaranteed!
So,If you want to put an end on the days of failure and painful stinging losses in Forex Trading, this is the perfect time to try a new system that actually work!
Discover The Forex Assassin Now!
You will not find a better and more profitable income opportunity in today's marketplace. Forex traders are generating incredible wealth day after day from the comfort of their home and you could be one of them. In fact there is $1.5 Trillion traded on forex each day. This revolutionary system will allow you a piece of that pie for one key reason - it doesn't waste time using unnecessary indicators. It uses the Forex Assassin revolutionary trading zones method.
The Forex Assassin system is 100% mechanical you don't have to think about what to do next. The system does it for you. It spits out the numbers for you to enter into your trading platform and that's it.This revolutionary new system is perfect for those entering the forex market for the first time and for those who have wasted their time with other forex day trading systems.
วันเสาร์ที่ 15 มีนาคม พ.ศ. 2551
Forex Trader Trading - 1 Secret of profitable Forex trading
Forex Trader Trading - 1 Secret of profitable Forex trading
by Harold Hsu
It's no coincidence that more than 90% of retail Forex traders lose money in trading. If you've done a little research, you'll realize why this is the case. As a retail trader, the currency market is heavily geared to make you lose money.
And one of the main reasons why it's so easy to lose money is because of the proliferation of bad trading advice. There are volumes upon volumes of misleading 'tips' and 'strategies' splattered all over the internet, none of which are actually useful information at all. They are typically dispensed by people who are not actual traders, or traders who aren't really profitable in practice. Unfortunately, Many novice traders try to implement the 'strategies' given by these people, and ultimately wipe out their trading accounts.
But of course, there are indeed some useful tips and techniques that can be found online... you'll just have to be able to figure out which ones they are!
Just kidding... I'm going to share one of them with you today.
Understanding the risks of trading
So many people get obsessed with the idea of making money that they often forget to pay attention to how NOT to lose money in Forex trading. They jump into the market without first figuring out the inherent dangers, or how to avoid them.
The risks you face as a retail trader are 3-fold: market risk (other traders), counter-party risk (your broker), and self-risk (your psychology).
While many retail traders are well-acquainted with market risk and self-risk, they often neglect counter-party risk. While it is beyond the scope of this article to examine this issue in detail, it's important that you, as a retail trader understand the driving motivations of your broker.
What makes your broker money? Do they make money when you profit? Most of the time, the answer is no. In fact, most brokers make more money when you trade more. It doesn't matter if you win or lose; the more you trade, they more money they make (since they get their income from spreads).
Can you see how they don't actually have an incentive to help you make money? Instead, it would serve their purpose better if they could make you place MORE trades!
So don't fall into their trap. Make fewer trades with higher winning probabilities. It'll serve you better in the long run.
by Harold Hsu
It's no coincidence that more than 90% of retail Forex traders lose money in trading. If you've done a little research, you'll realize why this is the case. As a retail trader, the currency market is heavily geared to make you lose money.
And one of the main reasons why it's so easy to lose money is because of the proliferation of bad trading advice. There are volumes upon volumes of misleading 'tips' and 'strategies' splattered all over the internet, none of which are actually useful information at all. They are typically dispensed by people who are not actual traders, or traders who aren't really profitable in practice. Unfortunately, Many novice traders try to implement the 'strategies' given by these people, and ultimately wipe out their trading accounts.
But of course, there are indeed some useful tips and techniques that can be found online... you'll just have to be able to figure out which ones they are!
Just kidding... I'm going to share one of them with you today.
Understanding the risks of trading
So many people get obsessed with the idea of making money that they often forget to pay attention to how NOT to lose money in Forex trading. They jump into the market without first figuring out the inherent dangers, or how to avoid them.
The risks you face as a retail trader are 3-fold: market risk (other traders), counter-party risk (your broker), and self-risk (your psychology).
While many retail traders are well-acquainted with market risk and self-risk, they often neglect counter-party risk. While it is beyond the scope of this article to examine this issue in detail, it's important that you, as a retail trader understand the driving motivations of your broker.
What makes your broker money? Do they make money when you profit? Most of the time, the answer is no. In fact, most brokers make more money when you trade more. It doesn't matter if you win or lose; the more you trade, they more money they make (since they get their income from spreads).
Can you see how they don't actually have an incentive to help you make money? Instead, it would serve their purpose better if they could make you place MORE trades!
So don't fall into their trap. Make fewer trades with higher winning probabilities. It'll serve you better in the long run.
Forex Trading - 2 Weeks Education and These Novice Traders Made Millions
Forex Trading - 2 Weeks Education and These Novice Traders Made Millions!
by Monica Hendrix
How did a group of traders with no experience, learn to trade and end up making hundreds of millions of dollars. To find out we need to go back over half a century to one of the most famous trading experiments of all time and see what we can learn.
The Experiment.
Trading legend Richard Dennis had a theory that anyone could learn to trade if they had the right mindset and the right method so he set out to prove his point.
He nicknamed the group the turtles and they have gone down in trading history.
He took a group of people and the only thing they had in common was that they had never traded and had not one bit of trading experience.
The group was a mixed bunch - a female auditor, a boy who had just left school a couple of card players and a security guard to name just a few.
He then taught them in two weeks and gave them some trading money and accounts.
The result is history - $100 million dollars in the first four years and many of these traders went on to become legends.
What You Can Learn
Think about it for a moment - this group is no different to you!
So it means you have the potential to - sure, you may not become as rich as the turtles but the opportunity is there and that's an inspiration.
Secondly 95% of traders lose so what did this group do right?
The answer is they had a simple method and it was so simple anyone could learn it, but that's not the hard part of trading - executing your trading system with discipline is.
Dennis was well aware of this so he made sure the group knew exactly how and why it would work (it was essentially a breakout system) and made sure they had confidence in it.
Confidence is essential to execute a trading system with discipline and keep in mind, if you have no discipline to execute your method you don't have one!
Most traders lack discipline they don't have the confidence to follow a system because they follow others or they get the wrong system and believe the numerous trading myths that are circulated.
Trading success comes from within.
Trading success is down to you and that's what Dennis taught the turtles.
Once you accept this. its getting a system you have confidence in and can follow with discipline which is the key and not following a vendor with a useless system with a simulated track record!
There are no trading secrets - trading is down to you and the ability to control your emotions that was true 25 years ago and is still true today.
You Can Do It Too!
Trading isn't easy and you wouldn't expect it to be, with the rewards on offer but there is a huge difference between something being beyond you and being possible.
Sure, you will have to work at the basics and get the right education but isn't that a small price to pay, for the riches that successful trading can bring?
I hope the story of the turtles inspires you to trade, it inspired me and sure I haven't made as much money as them - but I have been successful and got a lot out in terms of rewards for the effort I have put in.
You can be a successful trader to just have desire and a willingness to learn and your all set.
by Monica Hendrix
How did a group of traders with no experience, learn to trade and end up making hundreds of millions of dollars. To find out we need to go back over half a century to one of the most famous trading experiments of all time and see what we can learn.
The Experiment.
Trading legend Richard Dennis had a theory that anyone could learn to trade if they had the right mindset and the right method so he set out to prove his point.
He nicknamed the group the turtles and they have gone down in trading history.
He took a group of people and the only thing they had in common was that they had never traded and had not one bit of trading experience.
The group was a mixed bunch - a female auditor, a boy who had just left school a couple of card players and a security guard to name just a few.
He then taught them in two weeks and gave them some trading money and accounts.
The result is history - $100 million dollars in the first four years and many of these traders went on to become legends.
What You Can Learn
Think about it for a moment - this group is no different to you!
So it means you have the potential to - sure, you may not become as rich as the turtles but the opportunity is there and that's an inspiration.
Secondly 95% of traders lose so what did this group do right?
The answer is they had a simple method and it was so simple anyone could learn it, but that's not the hard part of trading - executing your trading system with discipline is.
Dennis was well aware of this so he made sure the group knew exactly how and why it would work (it was essentially a breakout system) and made sure they had confidence in it.
Confidence is essential to execute a trading system with discipline and keep in mind, if you have no discipline to execute your method you don't have one!
Most traders lack discipline they don't have the confidence to follow a system because they follow others or they get the wrong system and believe the numerous trading myths that are circulated.
Trading success comes from within.
Trading success is down to you and that's what Dennis taught the turtles.
Once you accept this. its getting a system you have confidence in and can follow with discipline which is the key and not following a vendor with a useless system with a simulated track record!
There are no trading secrets - trading is down to you and the ability to control your emotions that was true 25 years ago and is still true today.
You Can Do It Too!
Trading isn't easy and you wouldn't expect it to be, with the rewards on offer but there is a huge difference between something being beyond you and being possible.
Sure, you will have to work at the basics and get the right education but isn't that a small price to pay, for the riches that successful trading can bring?
I hope the story of the turtles inspires you to trade, it inspired me and sure I haven't made as much money as them - but I have been successful and got a lot out in terms of rewards for the effort I have put in.
You can be a successful trader to just have desire and a willingness to learn and your all set.
Forex Killer Vs Forex AutoPilot - Which is The Best Forex Trading Software For You?
Forex Killer Vs Forex AutoPilot - Which is The Best Forex Trading Software For You?
by John J. Drummond
First of all, let me congratulate you for your decision to acquire a forex trading software. This is the main step to developing a steadily increasing income from the forex market. One of the main reasons so many people end up losing their shirts when they try to trade on the forex is that they do it manually and don't use any supporting software.
Two of the most renowned automatic forex trading softwares are Forex Autopilot by Marcus Leary and Forex Killer by Andreas Kirchberger. These 2 trading softwares have been used by thousands of people worldwide and even created a few lucky millionaires.
But which is the better one for you? Is it Forex Autopilot or Forex Killer?
To tell you the truth, for the home user who wants to raise his or her profits and make a steady handsome income from home, either of these two softwares will work. However, there are a few subtle differences which you should know about:
* Each of these 2 softwares comes with a lot of support to get you started. With Forex Killer, you may find Andreas Kirchberger's accent to be a bit disconcerting at first (especially if you're not a European), but don't worry, you will soon get the hang of it.
* Forex Killer works on all major trading platforms while Forex Auto Pilot works solely on the MateTrader4 platform. It shouldn't make much of a difference to you but I thought you just might like to know it.
As to the support these 2 systems offer and the results they deliver, both Forex Killer and Forex Auto Pilot offer close support and can deliver excellent results. Just take a little time to get to know how they work, and then let them to the job for you. Your bank manager will likely be pleasantly surprised when he sees your next statement.
To read more about Forex Killer, click here: Forex Killer. To Read more about Forex Auto pilot, click here: Forex Auto Pilot Review.
by John J. Drummond
First of all, let me congratulate you for your decision to acquire a forex trading software. This is the main step to developing a steadily increasing income from the forex market. One of the main reasons so many people end up losing their shirts when they try to trade on the forex is that they do it manually and don't use any supporting software.
Two of the most renowned automatic forex trading softwares are Forex Autopilot by Marcus Leary and Forex Killer by Andreas Kirchberger. These 2 trading softwares have been used by thousands of people worldwide and even created a few lucky millionaires.
But which is the better one for you? Is it Forex Autopilot or Forex Killer?
To tell you the truth, for the home user who wants to raise his or her profits and make a steady handsome income from home, either of these two softwares will work. However, there are a few subtle differences which you should know about:
* Each of these 2 softwares comes with a lot of support to get you started. With Forex Killer, you may find Andreas Kirchberger's accent to be a bit disconcerting at first (especially if you're not a European), but don't worry, you will soon get the hang of it.
* Forex Killer works on all major trading platforms while Forex Auto Pilot works solely on the MateTrader4 platform. It shouldn't make much of a difference to you but I thought you just might like to know it.
As to the support these 2 systems offer and the results they deliver, both Forex Killer and Forex Auto Pilot offer close support and can deliver excellent results. Just take a little time to get to know how they work, and then let them to the job for you. Your bank manager will likely be pleasantly surprised when he sees your next statement.
To read more about Forex Killer, click here: Forex Killer. To Read more about Forex Auto pilot, click here: Forex Auto Pilot Review.
วันอังคารที่ 11 มีนาคม พ.ศ. 2551
THE FOREX MARKET: IS THE BEAST FINALLY TAMED?
THE FOREX MARKET: IS THE BEAST FINALLY TAMED?
by Steve Jones
Many people struggle every day with their investments in the forex market in an attempt to generate profit; although most of the time this just adds stress to their lives and results in financial loss, or very small gains. Luckily, a new tool has emerged: the Forex Autopilot System.
This new program has worked wonders for me. I stumbled across it one night, searching the internet for ways to supplement my income. Not expecting to find anything other than blatant get-rich-quick scams, I noticed a site that sounded more legitimate, not making outrageous claims. MySuccessWithForex.com promoted a piece of software developed by Mark Copeland based on the Goldman Sachs trading system that ran off supercomputers, making loads of calculations every second depending on what the market was doing. From here he spent three years learning the technicalities of how his machine operated, and, using the same indicators and principles, crafted his own system that would run on a standard PC.
Now I didn't make any $10,000 in one day, as many scam sites claim, but with a month of using this remarkable program I setup in 20 minutes that runs unattended, I was making more money off the forex market then working as a surveyor. The best part is, using this software requires no prior forex trading experience whatsoever. Once you've read the guide, loaded the discs, and downloaded the free MetaTrader platform it runs on, you can have it making trades for you at a 93% success rate! This was the most rewarding purchase I ever made, hopefully you too can experience the success with this program that I, along many others have.
by Steve Jones
Many people struggle every day with their investments in the forex market in an attempt to generate profit; although most of the time this just adds stress to their lives and results in financial loss, or very small gains. Luckily, a new tool has emerged: the Forex Autopilot System.
This new program has worked wonders for me. I stumbled across it one night, searching the internet for ways to supplement my income. Not expecting to find anything other than blatant get-rich-quick scams, I noticed a site that sounded more legitimate, not making outrageous claims. MySuccessWithForex.com promoted a piece of software developed by Mark Copeland based on the Goldman Sachs trading system that ran off supercomputers, making loads of calculations every second depending on what the market was doing. From here he spent three years learning the technicalities of how his machine operated, and, using the same indicators and principles, crafted his own system that would run on a standard PC.
Now I didn't make any $10,000 in one day, as many scam sites claim, but with a month of using this remarkable program I setup in 20 minutes that runs unattended, I was making more money off the forex market then working as a surveyor. The best part is, using this software requires no prior forex trading experience whatsoever. Once you've read the guide, loaded the discs, and downloaded the free MetaTrader platform it runs on, you can have it making trades for you at a 93% success rate! This was the most rewarding purchase I ever made, hopefully you too can experience the success with this program that I, along many others have.
What Every Forex Trader Ought To Know About Expert Advisors
What Every Forex Trader Ought To Know About Expert Advisors
by Giselle Sanchez
An expert advisor is simply a piece of code written in the MQL4 programming language which, once installed on your MetaTrader 4 Forex trading platform, has the ability to automate the opening and closing of trades on your behalf. It is a piece of code that includes a set of rules based on what, how and when to trade. It also allows you to adjust stop loss, take profit and trailing stop levels according to pre-defined parameters.
Every expert advisor is different. Every expert advisor - its own animal. But they all serve the same purpose: to eliminate inconsistency - a fault that characterizes most traders.
How An Expert Advisor Works
Once installed and enabled to run, an expert advisor will usually first check if there is enough equity in your account to open a trade. If there isn’t, it won’t run.
If there is enough equity in your account, the expert advisor will on each tick of the currency pair(s) that it is assigned to trade on, run through it’s rules and codes and verify that the trade entry criteria have been met. Alternatively, if open trades already exist, it will check that an exit (stop-loss or take-profit) criteria has occurred. If it has, it will automatically exit the trade for you.
To work, the computer that is running your expert advisor (and trading platform) must be kept running all the time while the forex market is open. If you ensure that your computer is running 24x5 - all you have to do is sit back, relax and let it do its thing!
Programming a Strategy Into The Expert Advisor
An expert advisor can be designed to trade many different strategies. They can include grid strategies, hedging strategies, martingale and reverse martingale strategies, trend following strategies, correlation strategies - you name it. Additionally, you can choose to combine one or more strategies together.
Forex expert advisors can trade breakouts, news announcements only or they can be scalping expert advisors which aim to secure small profits as soon as they are available. An expert advisor can be programmed to do whatever you like - the possibilities are truly limitless.
Classic expert advisors look to trade bounces off of support and resistance and reversals. They enter trades when a high probability setup looks like occuring. Many expert advisors come with trailing stop losses - a feature which helps you lock in profits.They can also be programmed to monitor market conditions for reversals and then close your trade immediately when these conditions are met to lock in profits as well.
More advanced expert advisors can trade multiple pairs simultaneously or monitor multiple time-frames at once, giving you a wide range of options in picking a market trend - something that would take you hours if you had to do it manually.
The type of expert advisor you choose to trade with should sit well with your overall trading style. Playing around with its risk-settings while it is trading live will give you a better feel for what it does well and you will learn it’s characteristics better. If you understand what it is doing, you will have more confidence in it to ride out a bad performing patch while you continue to monitor and play with its stop-loss and take-profit levels.
While the point of forex expert advisors is to automate your trading decisions and improve trading consistency by taking emotions out of your trading, you still must pay attention to what the expert advisor is doing. This is especially relevant if your expert advisor is automatically set at a wide stop-loss of say 100 pips or more.
by Giselle Sanchez
An expert advisor is simply a piece of code written in the MQL4 programming language which, once installed on your MetaTrader 4 Forex trading platform, has the ability to automate the opening and closing of trades on your behalf. It is a piece of code that includes a set of rules based on what, how and when to trade. It also allows you to adjust stop loss, take profit and trailing stop levels according to pre-defined parameters.
Every expert advisor is different. Every expert advisor - its own animal. But they all serve the same purpose: to eliminate inconsistency - a fault that characterizes most traders.
How An Expert Advisor Works
Once installed and enabled to run, an expert advisor will usually first check if there is enough equity in your account to open a trade. If there isn’t, it won’t run.
If there is enough equity in your account, the expert advisor will on each tick of the currency pair(s) that it is assigned to trade on, run through it’s rules and codes and verify that the trade entry criteria have been met. Alternatively, if open trades already exist, it will check that an exit (stop-loss or take-profit) criteria has occurred. If it has, it will automatically exit the trade for you.
To work, the computer that is running your expert advisor (and trading platform) must be kept running all the time while the forex market is open. If you ensure that your computer is running 24x5 - all you have to do is sit back, relax and let it do its thing!
Programming a Strategy Into The Expert Advisor
An expert advisor can be designed to trade many different strategies. They can include grid strategies, hedging strategies, martingale and reverse martingale strategies, trend following strategies, correlation strategies - you name it. Additionally, you can choose to combine one or more strategies together.
Forex expert advisors can trade breakouts, news announcements only or they can be scalping expert advisors which aim to secure small profits as soon as they are available. An expert advisor can be programmed to do whatever you like - the possibilities are truly limitless.
Classic expert advisors look to trade bounces off of support and resistance and reversals. They enter trades when a high probability setup looks like occuring. Many expert advisors come with trailing stop losses - a feature which helps you lock in profits.They can also be programmed to monitor market conditions for reversals and then close your trade immediately when these conditions are met to lock in profits as well.
More advanced expert advisors can trade multiple pairs simultaneously or monitor multiple time-frames at once, giving you a wide range of options in picking a market trend - something that would take you hours if you had to do it manually.
The type of expert advisor you choose to trade with should sit well with your overall trading style. Playing around with its risk-settings while it is trading live will give you a better feel for what it does well and you will learn it’s characteristics better. If you understand what it is doing, you will have more confidence in it to ride out a bad performing patch while you continue to monitor and play with its stop-loss and take-profit levels.
While the point of forex expert advisors is to automate your trading decisions and improve trading consistency by taking emotions out of your trading, you still must pay attention to what the expert advisor is doing. This is especially relevant if your expert advisor is automatically set at a wide stop-loss of say 100 pips or more.
วันจันทร์ที่ 10 มีนาคม พ.ศ. 2551
Can You Get The Best Forex Trading Software?
Can You Get The Best Forex Trading Software?
by Ramon Nunez
Forex trading is one of the hottest trends in the business world because more and more people are realizing that they need some extra income to get the security they need, because the government is not willing to take care of us anymore. Job security is an illusion with the globalization of our economy. We need alternatives, and currency trading is one of the best places to go if we want to find the financial security that we are looking for. Currency trading is really a good alternative.
First, we are going to explain what is a trading software. A trading software is a computer application created to coordinate all the currencies available in the world market. The trading sofware can run the entire day, also you can use it anywhere you want in most cases.
One of the main difference of a trading software is its platform. Some are client-based and others web-based. The advantage of the client-based is that you can use it in your home for your currency trading with less risk of viruses, and it can run faster. But the disadvantage is that you only can use it in your home or work place. The web-based software can be used anywhere. But the disadvantage is that this kind of currency trading software it is more vulnerable to viruses and spyware.
If you want to be in the world of currency trading you need to know the ups and downs of the currencies, and the trading application is designed for this. You will be notified immediately when a change occurs. The software analyses the currency markets of the world so you can have a good perspective of them. Also the software will give you statistics and reports of previous quotes.
The problems that might occur with the trading software are that you can get information too late for you to take action, because the servers of the trading software company are having problems. Another problem might occur with the servers of your trading company because they can have viruses, if they are not well protected.
Before you choose any Forex trading software you must check all the features of the company about security, prestige, commitment to your success, quality of the software, and many other important features. Also, before opening a Forex account you must check the prestige of the Forex brokers you are evaluating.
The Forex company that you choose must offer an excellent Forex trading education of the Forex trading system. You must learn currency trading using their trading course, but they also must give you an employee to assist you and guide you. The system is very complicated and you need the best software to succeed in the online trading. The software must give you analysis and charts as well. One of the most important aspect of all this, is that you must watch whether your Forex broker company gives you all the tools you need to succeed. This is a very important point we need to watch.
by Ramon Nunez
Forex trading is one of the hottest trends in the business world because more and more people are realizing that they need some extra income to get the security they need, because the government is not willing to take care of us anymore. Job security is an illusion with the globalization of our economy. We need alternatives, and currency trading is one of the best places to go if we want to find the financial security that we are looking for. Currency trading is really a good alternative.
First, we are going to explain what is a trading software. A trading software is a computer application created to coordinate all the currencies available in the world market. The trading sofware can run the entire day, also you can use it anywhere you want in most cases.
One of the main difference of a trading software is its platform. Some are client-based and others web-based. The advantage of the client-based is that you can use it in your home for your currency trading with less risk of viruses, and it can run faster. But the disadvantage is that you only can use it in your home or work place. The web-based software can be used anywhere. But the disadvantage is that this kind of currency trading software it is more vulnerable to viruses and spyware.
If you want to be in the world of currency trading you need to know the ups and downs of the currencies, and the trading application is designed for this. You will be notified immediately when a change occurs. The software analyses the currency markets of the world so you can have a good perspective of them. Also the software will give you statistics and reports of previous quotes.
The problems that might occur with the trading software are that you can get information too late for you to take action, because the servers of the trading software company are having problems. Another problem might occur with the servers of your trading company because they can have viruses, if they are not well protected.
Before you choose any Forex trading software you must check all the features of the company about security, prestige, commitment to your success, quality of the software, and many other important features. Also, before opening a Forex account you must check the prestige of the Forex brokers you are evaluating.
The Forex company that you choose must offer an excellent Forex trading education of the Forex trading system. You must learn currency trading using their trading course, but they also must give you an employee to assist you and guide you. The system is very complicated and you need the best software to succeed in the online trading. The software must give you analysis and charts as well. One of the most important aspect of all this, is that you must watch whether your Forex broker company gives you all the tools you need to succeed. This is a very important point we need to watch.
วันเสาร์ที่ 8 มีนาคม พ.ศ. 2551
Currency Trading Systems - A Simple FREE System That Is Proven To Work
Currency Trading Systems - A Simple FREE System That Is Proven To Work
by Monica Hendrix
Do you want a currency trading system that's so simple, you will understand how and why it works in ten minutes, that has been used by some of the top traders of all time, is free and makes money? Then read on.
The currency trading system we are going to look at here is simplicity itself and you will easily understand why it works.
Many traders think it can't work because it's so simple - but when you consider trading legends such as Richard Dennis have used it in their forex trading strategies, then you will understand its well worth considering!
So what's the system?
It's Richard Donchian's 4 Week Rule
This system was originally devised in the late seventies, to trade commodities, by the father of modern trend following - Richard Donchian.
He noticed the predominance of the 4 week cycle in markets and based his system upon it. Here it is - just one rule: Close out short positions and take long position when a price exceeds the highs of the previous 4 calendar weeks. Close out long positions and take short position when a price falls below the lows of the previous 4 calendar weeks. That's it!
You can't get simpler than that and it works, check a long term time period on your forex charts and you will see it does. The downside of the system is that it will get chopped about and incur loses, when the markets consolidate. Here you can add a filter: To enter positions on the 4 week rule and exit the position on a shorter time frame. Periods that are frequently used are 1 or 2 weeks and then re enter on the 4 week rule. Not only is this system simple, its totally mechanical and you have no subjective judgment to make, you only need to execute the trading signal based upon a clear rule and the filter and that's clear cut. Now it's simple to learn, easy to use and it makes money - but most traders won't even consider using it!
Why?
1. Because it's too simple for most traders
They feel more comfortable using trendy indicators or systems and this one is not trendy but on the other hand, it will beat 99% of the forex trading systems sold by vendors.
2. It needs discipline to follow it.
It needs more discipline than many systems, because it is not fussy about pinpoint market timing and this is hard for traders to accept - even though it makes money.
3. It doesn't trade often
Most traders don't trade to make money, they trade for the thrill of trading and this system definitely won't suit this group!
Simple currency trading systems work best and always have, as their more robust in the face of brutal ever changing market conditions.
This trading system beats numerous complicated ones, as they have too many elements which break.
The above system works longer term and always has - its based on simple methodology but that doesn't mean it's not profitable, it is.
If you take the time to look at it you will see the merits of incorporating it in your forex trading strategy and you're in good company, with the number of top traders who use it or have used it over the years.
This currency trading system should be part of any trader's essential forex education so look at the profit potential of the 4 Rule.
by Monica Hendrix
Do you want a currency trading system that's so simple, you will understand how and why it works in ten minutes, that has been used by some of the top traders of all time, is free and makes money? Then read on.
The currency trading system we are going to look at here is simplicity itself and you will easily understand why it works.
Many traders think it can't work because it's so simple - but when you consider trading legends such as Richard Dennis have used it in their forex trading strategies, then you will understand its well worth considering!
So what's the system?
It's Richard Donchian's 4 Week Rule
This system was originally devised in the late seventies, to trade commodities, by the father of modern trend following - Richard Donchian.
He noticed the predominance of the 4 week cycle in markets and based his system upon it. Here it is - just one rule: Close out short positions and take long position when a price exceeds the highs of the previous 4 calendar weeks. Close out long positions and take short position when a price falls below the lows of the previous 4 calendar weeks. That's it!
You can't get simpler than that and it works, check a long term time period on your forex charts and you will see it does. The downside of the system is that it will get chopped about and incur loses, when the markets consolidate. Here you can add a filter: To enter positions on the 4 week rule and exit the position on a shorter time frame. Periods that are frequently used are 1 or 2 weeks and then re enter on the 4 week rule. Not only is this system simple, its totally mechanical and you have no subjective judgment to make, you only need to execute the trading signal based upon a clear rule and the filter and that's clear cut. Now it's simple to learn, easy to use and it makes money - but most traders won't even consider using it!
Why?
1. Because it's too simple for most traders
They feel more comfortable using trendy indicators or systems and this one is not trendy but on the other hand, it will beat 99% of the forex trading systems sold by vendors.
2. It needs discipline to follow it.
It needs more discipline than many systems, because it is not fussy about pinpoint market timing and this is hard for traders to accept - even though it makes money.
3. It doesn't trade often
Most traders don't trade to make money, they trade for the thrill of trading and this system definitely won't suit this group!
Simple currency trading systems work best and always have, as their more robust in the face of brutal ever changing market conditions.
This trading system beats numerous complicated ones, as they have too many elements which break.
The above system works longer term and always has - its based on simple methodology but that doesn't mean it's not profitable, it is.
If you take the time to look at it you will see the merits of incorporating it in your forex trading strategy and you're in good company, with the number of top traders who use it or have used it over the years.
This currency trading system should be part of any trader's essential forex education so look at the profit potential of the 4 Rule.
Forex Trading Basics - 10 Losing Character Traits That Will Wipe out Your Equity!
Forex Trading Basics - 10 Losing Character Traits That Will Wipe out Your Equity!
by Monica Hendrix
Here we are going to look at forex trading basics and 6 character traits that if you have them, you are going to lose. The vast majority of the 95% of traders who get wiped out have them, so to enjoy currency trading success you must avoid them...
1. Wont accept responsibility
This is a common trait.
People continually try and shift responsibility for their success to others - but only you can give yourself success. You can do it - BUT success rests on your ability to learn the right forex education and execute your forex trading strategy with discipline.
2. Want To Have Fun
It always amuses me when I see traders who say they like to have fun, that's why they trade.
Trading is not fun in itself, its satisfying, when your making money. I don't trade for fun, I trade to make money. Sure, if I win I have fun with the money but that's not the same as having fun trading.
If you trade for fun above all else - chances are you like the action, so take low odds trades and lose.
3. The Action Man
This really can be combined with point 2.
This trader cannot stay out the market and lacks patience.
He is trading in the hope that the more he trades, the more he will make but markets don't reward you for effort, they reward you for being right with your trading signal and that's it.
4. Believe Experts
This group of traders like to trust expert opinion and believe what CNBC news tells them or some bank trader.
This always reminds me of will Rogers's famous saying:
"I only believe what I read in the papers"
He was joking of course but its surprising how many people believe anything their told by an expert.
This also goes for the vast group of traders who buy a Forex trading system from a vendor and think with no effort, they will make money. Sadly, forex trading is not that easy.
5. Thinking Your Clever
There are many traders that think their clever and that this will bring them success. It doesn't - they tend to over complicate their forex trading strategy and lose. Simple strategies work best and this is a known fact so keep it simple.
Another problem with people who think their clever is they come with egos and a big ego means they have a problem accepting they are wrong and in forex trading, you are going to be wrong - refuse to set stop losses or run losses to far and you will be wiped out.
6. Lack of Discipline
Comes from a combination of all the above. This is the single biggest cause of traders losing.
To acquire discipline you must learn currency trading the right way and get the right education, so you understand fully and have confidence in what you are doing.
If you don't understand and have confidence in what you are doing, you will not stay disciplined through inevitable periods of losses.
To win at currency trading, you must stay disciplined through periods of drawdown, to enjoy long term trading success.
ANYONE Can Learn Forex Trading
It's a fact that everything about successful currency trading can be learned by those people with a desire to win and the willingness to learn the right information.
Once you have the right method, you then need to have the discipline to apply it. If you cannot apply your method with discipline you have no method.
Forex trading basics means - Not only getting the right forex education but also the mindset to succeed as well.
by Monica Hendrix
Here we are going to look at forex trading basics and 6 character traits that if you have them, you are going to lose. The vast majority of the 95% of traders who get wiped out have them, so to enjoy currency trading success you must avoid them...
1. Wont accept responsibility
This is a common trait.
People continually try and shift responsibility for their success to others - but only you can give yourself success. You can do it - BUT success rests on your ability to learn the right forex education and execute your forex trading strategy with discipline.
2. Want To Have Fun
It always amuses me when I see traders who say they like to have fun, that's why they trade.
Trading is not fun in itself, its satisfying, when your making money. I don't trade for fun, I trade to make money. Sure, if I win I have fun with the money but that's not the same as having fun trading.
If you trade for fun above all else - chances are you like the action, so take low odds trades and lose.
3. The Action Man
This really can be combined with point 2.
This trader cannot stay out the market and lacks patience.
He is trading in the hope that the more he trades, the more he will make but markets don't reward you for effort, they reward you for being right with your trading signal and that's it.
4. Believe Experts
This group of traders like to trust expert opinion and believe what CNBC news tells them or some bank trader.
This always reminds me of will Rogers's famous saying:
"I only believe what I read in the papers"
He was joking of course but its surprising how many people believe anything their told by an expert.
This also goes for the vast group of traders who buy a Forex trading system from a vendor and think with no effort, they will make money. Sadly, forex trading is not that easy.
5. Thinking Your Clever
There are many traders that think their clever and that this will bring them success. It doesn't - they tend to over complicate their forex trading strategy and lose. Simple strategies work best and this is a known fact so keep it simple.
Another problem with people who think their clever is they come with egos and a big ego means they have a problem accepting they are wrong and in forex trading, you are going to be wrong - refuse to set stop losses or run losses to far and you will be wiped out.
6. Lack of Discipline
Comes from a combination of all the above. This is the single biggest cause of traders losing.
To acquire discipline you must learn currency trading the right way and get the right education, so you understand fully and have confidence in what you are doing.
If you don't understand and have confidence in what you are doing, you will not stay disciplined through inevitable periods of losses.
To win at currency trading, you must stay disciplined through periods of drawdown, to enjoy long term trading success.
ANYONE Can Learn Forex Trading
It's a fact that everything about successful currency trading can be learned by those people with a desire to win and the willingness to learn the right information.
Once you have the right method, you then need to have the discipline to apply it. If you cannot apply your method with discipline you have no method.
Forex trading basics means - Not only getting the right forex education but also the mindset to succeed as well.
the Forex Killer: A Get Rich Scheme or a Get Out of Your Job Scenario?
the Forex Killer: A Get Rich Scheme or a Get Out of Your Job Scenario?
by Thomas Howell
Let me ask you a question as you are reading this. How long have you traded Forex for? Say a year? two years? maybe less than a year, or just starting?
You are pretty skeptical about the different types of brokers and systems, and all things currency trading. You have to realize that this industry has so many choices, but not one size fits all here. It is a matter of what you want to put into forex, and what you want to take out of forex. For certain situations, maybe broker B is more apropos than broker A. Maybe trading signal company F is better than G. But you will only know that after asking questions and maybe trial and error if that seems to be your route.
The thing is, with doing spot currency trading in the forex market, you have to look at it as an investment, not a game. With investments, you know it is a risk, either you will make money, or you will lose money. Any decisions on what you do with trading should not be taken lightly.
Here is one thing you might want to consider when it comes to providing a trading signal solution. Maybe not so a signal solution, but one that helps you make the winning position. Are you interested in such a solution?
The Forex Killer was designed by expert trader Andreas Kirchbergrer. A german expert currency trader who has made millions trading euros for dollars and the like. His program, the Forex Killer, akin to having Andreas himself sitting next to you, analyzing the graphs and news, and seeing what would be the best possible position to make.
by Thomas Howell
Let me ask you a question as you are reading this. How long have you traded Forex for? Say a year? two years? maybe less than a year, or just starting?
You are pretty skeptical about the different types of brokers and systems, and all things currency trading. You have to realize that this industry has so many choices, but not one size fits all here. It is a matter of what you want to put into forex, and what you want to take out of forex. For certain situations, maybe broker B is more apropos than broker A. Maybe trading signal company F is better than G. But you will only know that after asking questions and maybe trial and error if that seems to be your route.
The thing is, with doing spot currency trading in the forex market, you have to look at it as an investment, not a game. With investments, you know it is a risk, either you will make money, or you will lose money. Any decisions on what you do with trading should not be taken lightly.
Here is one thing you might want to consider when it comes to providing a trading signal solution. Maybe not so a signal solution, but one that helps you make the winning position. Are you interested in such a solution?
The Forex Killer was designed by expert trader Andreas Kirchbergrer. A german expert currency trader who has made millions trading euros for dollars and the like. His program, the Forex Killer, akin to having Andreas himself sitting next to you, analyzing the graphs and news, and seeing what would be the best possible position to make.
Forex Trading Strategies Using Trendline Analysis
Forex Trading Strategies Using Trendline Analysis
by Andrew Daigle
When your trading strategy involves a technical analysis you will need to chart the data, which means that you must become comfortable with using charts to determine trends and indicators. You must able to spot ongoing trends and recurring patterns that disrupt the continuity of data. Charted data may be divided into two categories, which includes reversal patterns and continuation patterns. Reversal patterns indicate a market entry point or time to liquidate an open position. Continuation patterns indicate that a trend was disrupted and then continued in the direction of the original trend.
Market trends present a pattern of the market's broad movement. Trend lines are determined by connecting two points on a linear graph of historical market data as either peaks or troughs in the data. Even though a trend may be established with only two points, more points provides a better picture of true market trend. Trends may be established for any chosen timeframe, from minutes to years. Trend lines may indicate an upward or downward pattern or they may not point in either direction. Data sometimes settles into familiar charting patterns
A common analytical technique is to analyze the intersection of trend lines with the most recent price. If a downward trend intersects with the most recent price, it indicates that you should buy. If an upward trend line intersects with the most recent prices, it indicates that you should sell.
Trend lines are controversial because many traders become confused as to where to actually draw the lines. Since trends are defined by price actions, trend lines are intended to be a tool for determining the direction of a trend. Upward trends represent higher lows and indicate that prices are going up while downward trends represent lower highs and indicate that prices are going down. With an upward trend, you should draw a straight line that connects the lowest low to the highest high and in a downward trend; you should connect the highest low to the lowest high. Prices are then expected to fall within these boundaries. Many traders are confused as to whether they should draw the lines at closing price highs and lows or the highs and lows of a particular period. They are confused as to whether the lines should be adjusted to account for spikes in the data, whether spikes in the data should be ignored or whether trend lines should be adjusted to the scale of the chart.
Advocates of trend lines use more sophisticated trend line channels. These channels connect the lows of price actions on one side and the highs of price actions on the other side and a purchase is made at or near the support trend line and a sale at the line of resistance. The objective is to buy cheap and sell at profit several times over the length of a price action. This can very profitable so long as price remains within the chosen channel. Should the price break out of the channel, traders need to make consideration for several factors and establish parameters for their measurements.
by Andrew Daigle
When your trading strategy involves a technical analysis you will need to chart the data, which means that you must become comfortable with using charts to determine trends and indicators. You must able to spot ongoing trends and recurring patterns that disrupt the continuity of data. Charted data may be divided into two categories, which includes reversal patterns and continuation patterns. Reversal patterns indicate a market entry point or time to liquidate an open position. Continuation patterns indicate that a trend was disrupted and then continued in the direction of the original trend.
Market trends present a pattern of the market's broad movement. Trend lines are determined by connecting two points on a linear graph of historical market data as either peaks or troughs in the data. Even though a trend may be established with only two points, more points provides a better picture of true market trend. Trends may be established for any chosen timeframe, from minutes to years. Trend lines may indicate an upward or downward pattern or they may not point in either direction. Data sometimes settles into familiar charting patterns
A common analytical technique is to analyze the intersection of trend lines with the most recent price. If a downward trend intersects with the most recent price, it indicates that you should buy. If an upward trend line intersects with the most recent prices, it indicates that you should sell.
Trend lines are controversial because many traders become confused as to where to actually draw the lines. Since trends are defined by price actions, trend lines are intended to be a tool for determining the direction of a trend. Upward trends represent higher lows and indicate that prices are going up while downward trends represent lower highs and indicate that prices are going down. With an upward trend, you should draw a straight line that connects the lowest low to the highest high and in a downward trend; you should connect the highest low to the lowest high. Prices are then expected to fall within these boundaries. Many traders are confused as to whether they should draw the lines at closing price highs and lows or the highs and lows of a particular period. They are confused as to whether the lines should be adjusted to account for spikes in the data, whether spikes in the data should be ignored or whether trend lines should be adjusted to the scale of the chart.
Advocates of trend lines use more sophisticated trend line channels. These channels connect the lows of price actions on one side and the highs of price actions on the other side and a purchase is made at or near the support trend line and a sale at the line of resistance. The objective is to buy cheap and sell at profit several times over the length of a price action. This can very profitable so long as price remains within the chosen channel. Should the price break out of the channel, traders need to make consideration for several factors and establish parameters for their measurements.
วันอังคารที่ 4 มีนาคม พ.ศ. 2551
Forex Education - What is The Best Time Period to Trade for Profits?
Forex Education - What is The Best Time Period to Trade for Profits?
by kelly Price
One of the basics of your forex education is deciding the time span you want to trade in. Sure there are forex trends - but they occur in short, medium and long term time spans but which of these are the best to catch for bigger profits - let's find out.
Forex Day Trading and Scalping
By far the most popular way of trading for novice traders but it's doomed to long term failure - Why?
Because all short term volatility is random and support and resistance levels are not valid you can't get the odds in your favour longer term and you will lose.
Think about it:
Countless millions of traders are trading all with different aims, objectives and skills and to say you can tell what they are going to do in short time spans is rubbish.
You will see a lot forex scalping and day trading systems sold that claim to make money but check the track record and it will say simulated in hindsight and we can all do that!
If you want to learn currency trading, the first thing you need to do is forget day trading.
Forex Swing Trading
Swing trading catches moves that last for a few days to around a week and it's very popular and can be profitable.
This is a great way for novices to start trading because it's exciting, fun and requires very little mental discipline. Profits and losses come quickly and there is plenty of action - you know if you are right or wrong quickly and you can put together a forex swing trading system quickly that is robust and will make you money.
If you like action and are not patient then this is the method for you.
Forex Trend Following
The longer term trends last for weeks, months or years and if you can catch them you can pile up huge gains but be warned you need to be patient to catch the right opportunities and you need discipline and the courage to accept big gains.
If you have the traits of discipline and patience this method can be the most rewarding of all but most traders can't do it.
Why?
Because when they get a profit they get excited and the bigger it gets the more they want to bank it before it gets away. Of course, a trend doesn't just go one way and there are plenty of pullbacks that eat into open profit and watching your equity dip short term by thousands of dollars can be very hard! In the end most traders simply cannot hang on and bank a marginal profit where they could have had a huge one.
Keep in Mind.
You can choose forex swing trading or long term trend following or of course you can mix them both, so think carefully which one suits your personality, before incorporating it into your forex trading strategy.
You can't get the odds in your favour with a forex trading system that trades short term so don't even try it. You need to trade the odds so choose long term forex trends and go for them or swing trade - both work and can bring you currency trading success - Good luck
by kelly Price
One of the basics of your forex education is deciding the time span you want to trade in. Sure there are forex trends - but they occur in short, medium and long term time spans but which of these are the best to catch for bigger profits - let's find out.
Forex Day Trading and Scalping
By far the most popular way of trading for novice traders but it's doomed to long term failure - Why?
Because all short term volatility is random and support and resistance levels are not valid you can't get the odds in your favour longer term and you will lose.
Think about it:
Countless millions of traders are trading all with different aims, objectives and skills and to say you can tell what they are going to do in short time spans is rubbish.
You will see a lot forex scalping and day trading systems sold that claim to make money but check the track record and it will say simulated in hindsight and we can all do that!
If you want to learn currency trading, the first thing you need to do is forget day trading.
Forex Swing Trading
Swing trading catches moves that last for a few days to around a week and it's very popular and can be profitable.
This is a great way for novices to start trading because it's exciting, fun and requires very little mental discipline. Profits and losses come quickly and there is plenty of action - you know if you are right or wrong quickly and you can put together a forex swing trading system quickly that is robust and will make you money.
If you like action and are not patient then this is the method for you.
Forex Trend Following
The longer term trends last for weeks, months or years and if you can catch them you can pile up huge gains but be warned you need to be patient to catch the right opportunities and you need discipline and the courage to accept big gains.
If you have the traits of discipline and patience this method can be the most rewarding of all but most traders can't do it.
Why?
Because when they get a profit they get excited and the bigger it gets the more they want to bank it before it gets away. Of course, a trend doesn't just go one way and there are plenty of pullbacks that eat into open profit and watching your equity dip short term by thousands of dollars can be very hard! In the end most traders simply cannot hang on and bank a marginal profit where they could have had a huge one.
Keep in Mind.
You can choose forex swing trading or long term trend following or of course you can mix them both, so think carefully which one suits your personality, before incorporating it into your forex trading strategy.
You can't get the odds in your favour with a forex trading system that trades short term so don't even try it. You need to trade the odds so choose long term forex trends and go for them or swing trade - both work and can bring you currency trading success - Good luck
Currency Trading Basics - 4 Critical Points to Consider Before Trading
Currency Trading Basics - 4 Critical Points to Consider Before Trading
by kelly Price
Here we want to look at currency trading basics and some points which will answer the question: could you win at currency trading? There are 4 points to consider and if you think you can master them, you can enjoy currency trading success.
1. You and Profits
Only you can make yourself successful no one else can.
Sure you can get knowledge from others - but you must learn and apply it by creating your own forex trading system.
A word of warning:
You will see numerous mechanical forex trading systems sold on the net, with simulated track records and none of them will make you money - they all lose. So forget them. The track records are meaningless as they have never been traded - don't be tempted to try them!
You're on your own - but that's the only place to be, if you want to enjoy currency trading success.
2. Working Smart
You don't get paid for effort in forex trading you get paid for being right with your trading signal and that's it.
You can learn all you need to know in about 2 weeks and you're done. It's a fact everything about successful forex trading can be specifically learned by anyone.
This was proved by trading legend Richard Dennis, who taught a group of people to trade in 14 days and they went on to make $100 million! Yes, forex trading is a learned skill - so where do you get the best education?
Well you can get a ton of free info on the net and you should also take a look at some books by the great traders from Amazon.
The best way to trade is to use a simple system, based upon forex charts but keep in mind - nothing complicated!
Simple trading systems work best, as they are more robust in real time trading with fewer elements to break.
Learning a trading method yourself is essential, as you will know how and why it works and this will give you:
3. Confidence
If you do not have confidence in what you are doing, you will never acquire the vital trait all traders' need - discipline.
Most traders who trade don't have confidence in what their doing - they follow news stories or other traders systems and when they hit a few losses, they throw in the towel.
You need confidence to allow you to accept short term losses as a natural part of making big longer term profits. No trading system is perfect, so you need to have confidence when you hit a bad spell.
4. Discipline
Confidence will give you discipline the vital trait all successful traders have.
To be successful you must follow your currency trading system with discipline and execute your trading systems to the rules of the system- through good times and bad.
If you don't have the discipline to follow your trading system you don't have one!
Finally ...
Forex trading is 25% method and probably 75% attitude.
The reason most traders fail is they simply cannot accept responsibility for their actions and blame everyone else - from their broker, to the wife for putting them in a bad mood!
If you are not prepared to accept responsibility and create and understand a framework of rules, you have the confidence to follow with discipline, then you need to forget forex trading and do something else.
Forex trading has huge rewards and is a big boys game and not for cry babies.
So if you understand the above and what you need to do and you're up for the challenge, then welcome to the world of currency trading!
We hope our quick review of the currency trading basics above help you on the road to currency trading success.
by kelly Price
Here we want to look at currency trading basics and some points which will answer the question: could you win at currency trading? There are 4 points to consider and if you think you can master them, you can enjoy currency trading success.
1. You and Profits
Only you can make yourself successful no one else can.
Sure you can get knowledge from others - but you must learn and apply it by creating your own forex trading system.
A word of warning:
You will see numerous mechanical forex trading systems sold on the net, with simulated track records and none of them will make you money - they all lose. So forget them. The track records are meaningless as they have never been traded - don't be tempted to try them!
You're on your own - but that's the only place to be, if you want to enjoy currency trading success.
2. Working Smart
You don't get paid for effort in forex trading you get paid for being right with your trading signal and that's it.
You can learn all you need to know in about 2 weeks and you're done. It's a fact everything about successful forex trading can be specifically learned by anyone.
This was proved by trading legend Richard Dennis, who taught a group of people to trade in 14 days and they went on to make $100 million! Yes, forex trading is a learned skill - so where do you get the best education?
Well you can get a ton of free info on the net and you should also take a look at some books by the great traders from Amazon.
The best way to trade is to use a simple system, based upon forex charts but keep in mind - nothing complicated!
Simple trading systems work best, as they are more robust in real time trading with fewer elements to break.
Learning a trading method yourself is essential, as you will know how and why it works and this will give you:
3. Confidence
If you do not have confidence in what you are doing, you will never acquire the vital trait all traders' need - discipline.
Most traders who trade don't have confidence in what their doing - they follow news stories or other traders systems and when they hit a few losses, they throw in the towel.
You need confidence to allow you to accept short term losses as a natural part of making big longer term profits. No trading system is perfect, so you need to have confidence when you hit a bad spell.
4. Discipline
Confidence will give you discipline the vital trait all successful traders have.
To be successful you must follow your currency trading system with discipline and execute your trading systems to the rules of the system- through good times and bad.
If you don't have the discipline to follow your trading system you don't have one!
Finally ...
Forex trading is 25% method and probably 75% attitude.
The reason most traders fail is they simply cannot accept responsibility for their actions and blame everyone else - from their broker, to the wife for putting them in a bad mood!
If you are not prepared to accept responsibility and create and understand a framework of rules, you have the confidence to follow with discipline, then you need to forget forex trading and do something else.
Forex trading has huge rewards and is a big boys game and not for cry babies.
So if you understand the above and what you need to do and you're up for the challenge, then welcome to the world of currency trading!
We hope our quick review of the currency trading basics above help you on the road to currency trading success.
Forex Trading Mistakes - 10 Deadly Ones That Will Slash Your Profits
Forex Trading Mistakes - 10 Deadly Ones That Will Slash Your Profits
by kelly Price
If you want to learn currency trading the right way then you need to get the right forex education and avoid these common mistakes - make one or all of them and you will lose all your money...
Here are your 10 forex mistakes, in no particular order of importance:
1. Day trading or scalping
All short term volatility is random and all forex day trading and scalping systems lose money longer term. You can't win at it so don't try. If you want to know why so many people claim to make money day trading, check out point 5.
2. Trade news stories or expert opinion
News stories are just that - stories and opinions and should not be traded.
All forex news is instantly discounted in the price and therefore cannot be traded Furthermore, the news always reflects the opinions of the crowd and the majority always lose.
3. Try to predict forex prices
If you try to predict forex prices in advance and what they might do, you are simply hoping or guessing and you will see your forex predictions become as accurate as your horoscope.
Trade the reality of price change only and confirm every move.
4. Using scientific methods
You will see vendors selling forex trading strategies based around such methods as Gann, Elliot Wave and Fibonacci and they all don't work - think about:
If forex prices were predicable with scientific accuracy, we would all know the price in advance and there would be no market.
Leave the above to the dreamers and the far out investment crowd and concentrate on trading the odds.
5. Following a mechanical System From a Vendor
This is true in 99% of the cases.
The huge majority of forex trading systems sold on the net come with the disclaimer "simulated in hindsight" in plain English this means the vendor made the track record up. Avoid these trading systems
6. Using to Many Indicators
20 indicators are better than 2 right? Dead wrong!
If you use too many indicators in your forex trading strategy you will lose, as your system will have more elements to break.
Simple systems work best and always will so keep it simple!
7. Using indicators incorrectly
How many times have I seen traders buy dips to moving averages and execute a trading signal? I have lost count - hundreds of times but moving averages are a lagging, not a leading indicator and should not be used in this way.
The above is the most common example but there are many more.
8. Working to hard
In many occupations the more effort you put in the more you get out - not so in forex trading, you get paid for being right with your market timing and that's it.
Don't make the mistake of working to hard and thinking you will win - you won't.
Work smart and get the right forex education and forget about working hard.
9. Over leveraging
Forex brokers will give you leverage of up to 400:1 - this is way too much to be using. De leverage, so you can take more risk per trade and this leads me on to the final point:
10. Placing stops to close and trailing to fast
Most forex traders because they over leverage, have to put their stops to close and then get taken out by the market noise. They try so hard to avoid risk, they actually create it and guarantee they will be stopped out. Most traders also trail their stops to quickly and never manage to run a profit.
The 10 mistakes above are made by most losing traders if you avoid them and get a sensible, simple, trend following method which trades the odds, you can enjoy currency trading success and make big profits.
by kelly Price
If you want to learn currency trading the right way then you need to get the right forex education and avoid these common mistakes - make one or all of them and you will lose all your money...
Here are your 10 forex mistakes, in no particular order of importance:
1. Day trading or scalping
All short term volatility is random and all forex day trading and scalping systems lose money longer term. You can't win at it so don't try. If you want to know why so many people claim to make money day trading, check out point 5.
2. Trade news stories or expert opinion
News stories are just that - stories and opinions and should not be traded.
All forex news is instantly discounted in the price and therefore cannot be traded Furthermore, the news always reflects the opinions of the crowd and the majority always lose.
3. Try to predict forex prices
If you try to predict forex prices in advance and what they might do, you are simply hoping or guessing and you will see your forex predictions become as accurate as your horoscope.
Trade the reality of price change only and confirm every move.
4. Using scientific methods
You will see vendors selling forex trading strategies based around such methods as Gann, Elliot Wave and Fibonacci and they all don't work - think about:
If forex prices were predicable with scientific accuracy, we would all know the price in advance and there would be no market.
Leave the above to the dreamers and the far out investment crowd and concentrate on trading the odds.
5. Following a mechanical System From a Vendor
This is true in 99% of the cases.
The huge majority of forex trading systems sold on the net come with the disclaimer "simulated in hindsight" in plain English this means the vendor made the track record up. Avoid these trading systems
6. Using to Many Indicators
20 indicators are better than 2 right? Dead wrong!
If you use too many indicators in your forex trading strategy you will lose, as your system will have more elements to break.
Simple systems work best and always will so keep it simple!
7. Using indicators incorrectly
How many times have I seen traders buy dips to moving averages and execute a trading signal? I have lost count - hundreds of times but moving averages are a lagging, not a leading indicator and should not be used in this way.
The above is the most common example but there are many more.
8. Working to hard
In many occupations the more effort you put in the more you get out - not so in forex trading, you get paid for being right with your market timing and that's it.
Don't make the mistake of working to hard and thinking you will win - you won't.
Work smart and get the right forex education and forget about working hard.
9. Over leveraging
Forex brokers will give you leverage of up to 400:1 - this is way too much to be using. De leverage, so you can take more risk per trade and this leads me on to the final point:
10. Placing stops to close and trailing to fast
Most forex traders because they over leverage, have to put their stops to close and then get taken out by the market noise. They try so hard to avoid risk, they actually create it and guarantee they will be stopped out. Most traders also trail their stops to quickly and never manage to run a profit.
The 10 mistakes above are made by most losing traders if you avoid them and get a sensible, simple, trend following method which trades the odds, you can enjoy currency trading success and make big profits.
วันเสาร์ที่ 1 มีนาคม พ.ศ. 2551
Forex Trading Machine Review - Is This Trading System For You?
Forex Trading Machine Review - Is This Trading System For You?
Forex TraWHAT IS "FOREX TRADING MACHINE"?
Forex Trading Machine is a new e-book on forex trading systems. The author, Avi Frister, is a full time professional Forex trader and educator with experience of over 11 years in the market. Frister offers a simple strategy to trade large short term moves in the forex market. If you cannot dedicate more than a hour a day for trading due to your full time job or any other reason, this strategy might be exactly what you are looking for.
WHAT KIND OF TRADER ARE YOU?
There are a few ways to trade in the forex market. One group of traders are the scalpers. These highly skilled professional day traders execute dozens, sometimes hundreds, small trades per day scalping a few pips in every single trade. On the other side of the scale are the professional position traders who execute very few large trades per year, sometimes less. In the middle are the momentum traders who try to trace strong short term moves which typically occur couple of times per week. If you have a full time job and cannot actively trade during the day, you should definitely try momentum trading strategies such as the "Cash Cow" strategy revealed in Forex Trading Machine.
PROS & CONS
The purpose of the CASH COW strategy is to catch large strong moves of approximately 100 pips or more per trade. The strategy is amazingly simple to understand and implement. So simple, that no indicators, support & resistant lines, Fib. lines, pivot points etc. are needed. This is an important point, as the strategy can be easily executed by traders who do not have a sound knowledge in Technical Analysis. In addition, searching the graphs for trading opportunities according to the strategy, as well as entering the trade, do not require you to watch the screen all day long, 24/5. All it takes is a few minutes every day to scan the graphs and another few minutes to place the trades.
It is also very easy to back test the strategy. Although the author indicates that he conducted a proper back testing, I back tested the strategy myself . The bottom line is that the strategy is profitable in the long run, although I noticed that best results obtained in trending market (bearish or bullish) whereas in stable market there are much fewer trading opportunities and more flops. After demo trading the strategy for a while, I added it to my trading toolbox and use it when there is a good trading opportunity. If you are a day trader like me, it can be a nice tool for catching +100 pips per trade.
For newbie traders that look for some forex education, Forex Trading Machine includes a quick introduction to the forex world with all the basics that you need in order to trade the strategy. From my experience, the covering of fundamental issues such as reading charts, technical and fundamental analysis, trading psychology, money management and forex broker selection is to-the-point and definitely suffice for a start.
To summarize, if you are looking for a simple and profitable strategy which does not require hours of screen watching, Forex Trading Machine might be a good investment. If you are a day trader, Forex Trading Machine is an additional powerful tool for catching some more pips.
by Ben Lipski
Forex TraWHAT IS "FOREX TRADING MACHINE"?
Forex Trading Machine is a new e-book on forex trading systems. The author, Avi Frister, is a full time professional Forex trader and educator with experience of over 11 years in the market. Frister offers a simple strategy to trade large short term moves in the forex market. If you cannot dedicate more than a hour a day for trading due to your full time job or any other reason, this strategy might be exactly what you are looking for.
WHAT KIND OF TRADER ARE YOU?
There are a few ways to trade in the forex market. One group of traders are the scalpers. These highly skilled professional day traders execute dozens, sometimes hundreds, small trades per day scalping a few pips in every single trade. On the other side of the scale are the professional position traders who execute very few large trades per year, sometimes less. In the middle are the momentum traders who try to trace strong short term moves which typically occur couple of times per week. If you have a full time job and cannot actively trade during the day, you should definitely try momentum trading strategies such as the "Cash Cow" strategy revealed in Forex Trading Machine.
PROS & CONS
The purpose of the CASH COW strategy is to catch large strong moves of approximately 100 pips or more per trade. The strategy is amazingly simple to understand and implement. So simple, that no indicators, support & resistant lines, Fib. lines, pivot points etc. are needed. This is an important point, as the strategy can be easily executed by traders who do not have a sound knowledge in Technical Analysis. In addition, searching the graphs for trading opportunities according to the strategy, as well as entering the trade, do not require you to watch the screen all day long, 24/5. All it takes is a few minutes every day to scan the graphs and another few minutes to place the trades.
It is also very easy to back test the strategy. Although the author indicates that he conducted a proper back testing, I back tested the strategy myself . The bottom line is that the strategy is profitable in the long run, although I noticed that best results obtained in trending market (bearish or bullish) whereas in stable market there are much fewer trading opportunities and more flops. After demo trading the strategy for a while, I added it to my trading toolbox and use it when there is a good trading opportunity. If you are a day trader like me, it can be a nice tool for catching +100 pips per trade.
For newbie traders that look for some forex education, Forex Trading Machine includes a quick introduction to the forex world with all the basics that you need in order to trade the strategy. From my experience, the covering of fundamental issues such as reading charts, technical and fundamental analysis, trading psychology, money management and forex broker selection is to-the-point and definitely suffice for a start.
To summarize, if you are looking for a simple and profitable strategy which does not require hours of screen watching, Forex Trading Machine might be a good investment. If you are a day trader, Forex Trading Machine is an additional powerful tool for catching some more pips.
by Ben Lipski
Forex Trader Training - Getting That Trading Edge
Forex Trader Training - Getting That Trading Edge
by Harold HsuIf you've done your homework on retail Forex trading, you'll come to realize that the market is geared to make you lose money.
The big financial institutions around the world have all the necessary human talent, technology and resources to 'hunt' for your money, and let's not forget the smaller pip spreads that they enjoy. Add to this the fact that many brokers have been known to trade against their clients (i.e. taking opposing trade positions), and you'll have every reason to fear for the loss your money.
Play to your strengths
That's why it's important that you have an edge in the way you trade to balance the field. You'll need to take advantage of your position as a retail trader, to avoid falling prey to the big institutional traders. Play to your strengths as a retail trader!
Strength #1 - No Pressure To Perform
Unlike institutional traders who are constantly under pressure to perform, retail traders (like you and me) have the luxury of cherry-picking the trades with the highest winning probability. The idea here is to enter into fewer, but more potentially profitable trades.
The more traders you enter, the more chance you give the institutional traders to take your money. Don't give them any such opportunities.
Strength #2 - Small And Agile
Unlike institutional traders who have to trade with hundreds of thousands of dollars (or more), retail traders typically trade with much smaller amounts of money. This enables us to suffer from less slippage and gives us the opportunity to ride on most price trends, since our trades generally won't influence prices.
This means that retail traders are able to quickly enter and exit the market for small (but quick) profits. This is an area where few institutional traders can go. Because of the sheer size of the funds they trade, institutional traders rarely have the opportunity to move in and out of their positions quickly. Use this to your advantage.
by Harold HsuIf you've done your homework on retail Forex trading, you'll come to realize that the market is geared to make you lose money.
The big financial institutions around the world have all the necessary human talent, technology and resources to 'hunt' for your money, and let's not forget the smaller pip spreads that they enjoy. Add to this the fact that many brokers have been known to trade against their clients (i.e. taking opposing trade positions), and you'll have every reason to fear for the loss your money.
Play to your strengths
That's why it's important that you have an edge in the way you trade to balance the field. You'll need to take advantage of your position as a retail trader, to avoid falling prey to the big institutional traders. Play to your strengths as a retail trader!
Strength #1 - No Pressure To Perform
Unlike institutional traders who are constantly under pressure to perform, retail traders (like you and me) have the luxury of cherry-picking the trades with the highest winning probability. The idea here is to enter into fewer, but more potentially profitable trades.
The more traders you enter, the more chance you give the institutional traders to take your money. Don't give them any such opportunities.
Strength #2 - Small And Agile
Unlike institutional traders who have to trade with hundreds of thousands of dollars (or more), retail traders typically trade with much smaller amounts of money. This enables us to suffer from less slippage and gives us the opportunity to ride on most price trends, since our trades generally won't influence prices.
This means that retail traders are able to quickly enter and exit the market for small (but quick) profits. This is an area where few institutional traders can go. Because of the sheer size of the funds they trade, institutional traders rarely have the opportunity to move in and out of their positions quickly. Use this to your advantage.
Forex Killer Discount - Buy Forex Killer at Half Price for a Limited Time
Forex Killer Discount - Buy Forex Killer at Half Price for a Limited Time
by Jane Hamilton
The excitement contiues to buzz about this automated forex trading software. This extremely efficient software application can help you becom a more profitable trader in the Forex markets. Once you learn how to use Forex Killer, it will only take you about 20 minutes per day to set your trades and collect your profits. This is a workable and proven method for dramatically increasing your number of profitable trades. While no method is 100% guaranteed, with patience and this reliable forex trading strategy at your fingertips it is possible to make a significant amount in of money in a short period of time.
Here are some of Forex Killer's best features:
No experience needed, well suited for beginners and professionals alike Compatible with all trading platforms Use it with any broker from any country - world wide application Trade any currency pair and any financial market It can be used 24 hours a day It offers proven autopilot system Simple to understand and easy to use One time payment, no hidden fees Free software updates for life Uses only proven profitable methods Wonderful Forex Killer Benefits for Customers
Forex Killer software is a one of a kind application that provides easy to use forex trading signals.
Forex Killer Discount - For a imited time you can download Forex Killer at 50% off of the regular price of $198.
3 Bonuses: Exclusive Forex E-book, No-Farm-Payroll Strategy and a Beginner's Crash Course on Forex Trading.
Money Back Guarantee - If you decide that Forex Killer isn't the forex trading software for you, then you have an 8 week, 100% money back guarantee.
Excellence in customer service
Not only do you have access to a 24 hour help desk, but you can also pick up the phone and ask a question as well.
If you've ever thought about trying to make money from home, this could be the right opportunity for you. Forex Killer has a 9 out of 10 rating based on features, customer satisfaction and ease of operation.
by Jane Hamilton
The excitement contiues to buzz about this automated forex trading software. This extremely efficient software application can help you becom a more profitable trader in the Forex markets. Once you learn how to use Forex Killer, it will only take you about 20 minutes per day to set your trades and collect your profits. This is a workable and proven method for dramatically increasing your number of profitable trades. While no method is 100% guaranteed, with patience and this reliable forex trading strategy at your fingertips it is possible to make a significant amount in of money in a short period of time.
Here are some of Forex Killer's best features:
No experience needed, well suited for beginners and professionals alike Compatible with all trading platforms Use it with any broker from any country - world wide application Trade any currency pair and any financial market It can be used 24 hours a day It offers proven autopilot system Simple to understand and easy to use One time payment, no hidden fees Free software updates for life Uses only proven profitable methods Wonderful Forex Killer Benefits for Customers
Forex Killer software is a one of a kind application that provides easy to use forex trading signals.
Forex Killer Discount - For a imited time you can download Forex Killer at 50% off of the regular price of $198.
3 Bonuses: Exclusive Forex E-book, No-Farm-Payroll Strategy and a Beginner's Crash Course on Forex Trading.
Money Back Guarantee - If you decide that Forex Killer isn't the forex trading software for you, then you have an 8 week, 100% money back guarantee.
Excellence in customer service
Not only do you have access to a 24 hour help desk, but you can also pick up the phone and ask a question as well.
If you've ever thought about trying to make money from home, this could be the right opportunity for you. Forex Killer has a 9 out of 10 rating based on features, customer satisfaction and ease of operation.
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