Understanding Forex Trading Dynamics
by Andrew Daigle
With the advent of internet and communication technologies, foreign currency traders now enjoy the ability to profit across all countries and economies. Regardless if you are a foreign currency trader in New York or London, you can grow your portfolio by capitalizing upon the Forex trading of the US Dollar or the Euro.
Subsequently, the foreign exchange, also known as Forex trading, has grown to be the largest market - with over 3 trillion US dollars exchanged each day. Most of this Forex market is traded by private investors and traders, who see the ripe opportunities that exist in Forex trading.
The basics of the Forex trading market - The Forex trading market operates 24 hours a day, allowing traders to capitalize upon profit opportunities throughout the world. Whether through the telephone or electronic networks, the Forex trading market is constantly connected, affording traders the ability to seize profitable trades, regardless of time zones, market hours, or country boundaries.
The foreign currency trading market is commonly referred to as the interbank market. Forex trading involves the buying of one currency and the selling of another. The particular currency combination is referred to as a cross (for example, the Euro/GB Pound, or the US Dollar/Japanese Yen.).
Types of Forex trading strategies - The largest volume of trades occurs in what is called a spot market. It is referred to as the spot market because trades are instantaneously settled, or "on the spot."
Another type of trade using Forex trading strategies involves "forward outbreaks." Although the trade itself is carried out immediately, settlement on the value date involves a small interest rate calculation which is usually insignificant, unless the position is held for a long time. The interest rate differential varies based on the currencies traded. This differential in interest rates between the two countries involved can produce a positive or a negative differential, which is calculated and added to your account.
Increasing your Forex trading power - Because Forex trading is done on margin, the amount of assets controlled is far greater than the funds in an account. As fluctuations in currency exchange rates on any particular day are small, the fact that trading is done on margin allows for profitable Forex trading strategies. None the less, it should be noted that trading on margin can greatly increases your risks. Because of this aspect, any new investor should thoroughly learn Forex trading through Forex courses.
Benefits of Forex trading - Forex trading offers several advantages to other investment markets. One of the principal advantages is the fact that trading occurs around the clock, allowing the investor with the appropriate Forex trading strategies to immediately take advantage of opportunities. The Forex market is the most liquid financial market in the world, allowing for price stability and narrow spreads.
Since currency exchange rates are always changing, Forex trading opportunities are continuous, regardless of which direction the currency is moving.
The interbank market is also often traded without commissions, which makes it attractive to an investor who wants to trade frequently. However, for ease of transaction, Forex trading also occurs on futures exchanges.
However, as with all currency trading strategies, there is no reward without some risk. Any investor contemplating foreign currency trading should thoroughly learn Forex trading utilizing studying Forex exchange courses before implementing their Forex trading strategy.
วันเสาร์ที่ 31 พฤษภาคม พ.ศ. 2551
Forex Trading For Beginners - 10 Mistakes Which Will Slash Your Profits
Forex Trading For Beginners - 10 Mistakes Which Will Slash Your Profits
by kelly Price
Forex trading for beginners is straightforward if you have the right mindset and get the right forex education however, you must avoid the mistakes enclosed which will slash or even worse wipe out your equity...
Here are the 10 most common mistakes in no particular order of importance - there all important.
1. Don't Day Trade or Scalp
All short term volatility is random, you can't measure what millions of traders will do in a few hours so don't try.
2. Avoid Most Forex Robots
I see these forex trading systems all the time and they all claim great profits but the track records are all simulated in hindsight and have never been traded.
If you trade one of these you can kiss goodbye to your equity.
3. Don't Predict
If you predict you are simply hoping and guessing and that won't get you far in currency trading or life - trade confirmation and the reality of change and don't guess.
4. Markets do Not Move to Science
Many people claim they do and follow the methods of Gann, Elliot and Fibonacci but they don't work.
If markets moved to a scientific theory, we would all know the price in advance and there would be no market - common sense yet, many traders fall for this ridiculous idea, don't join them.
5. The harder you Work the More You Make
In a normal job yes, in forex markets no.
You get paid for being right with your forex trading signal and that can take you ten minutes or ten hours - you earn your rewards for results.
Work smart not hard.
6. Following expert Opinion and News Stories
The markets are a discounting mechanism and news is discounted instantly, it also reflects the greed and fear of the crowd who lose. Will Rogers once said:
"I only believe what I read in the papers"
He was joking of course - but it's surprising how many people follow the news and try and trade it - don't do it!
If you do, you will end up losing.
Markets move on trader's view of news and their emotions. The facts are unimportant its how they are perceived that determines the course of events.
7. Using a complicated method
10 indicators are better than 2 - dead wrong.
A complicated forex trading strategy , will not as a general rule beat a simple one as it has to many elements to break.
Simple systems have and always work best, as they are more robust.
8. Making Money in Demo Account Means You Will Make Money for Real
No, a demo account helps you learn how to trade not to make money and you need to understand this:
There is no pressure on you and therefore it's not a real trading experience.
9. Not Being Patient
Many traders think the more they trade the more they will make - wrong. You get paid as we said earlier on for being right and that means waiting for the high odds trades.
I know traders who trade around 10 times a year and make 200% or more.
If you want fun and excitement do something else. If you want to make money, being patient is a key element to learn in your forex education.
10. Snatching Profits to Soon
When you first start trading, you will be tempted to snatch profits - but look at a forex chart - the big trends last for months weeks and years.
if you have the courage to hold them and take short term equity swings against you, you will be well rewarded when the trade is finally closed with a thumping profit.
Traders have more problems holding profits than they do cutting losses, don't make this mistake.
Now here is the major problem that causes most losers to lose - I will ask you the question:
What's your trading edge defined? i.e. why will you win, when the vast majority 95% of traders lose?
What's Your Edge?
Don't know what your trading edge is?
You don't have one and will lose and it's back to your forex education until you do.
We hope you found our forex trading for beginners of use and that you will avoid them in your forex trading strategy and enjoy currency trading success.
by kelly Price
Forex trading for beginners is straightforward if you have the right mindset and get the right forex education however, you must avoid the mistakes enclosed which will slash or even worse wipe out your equity...
Here are the 10 most common mistakes in no particular order of importance - there all important.
1. Don't Day Trade or Scalp
All short term volatility is random, you can't measure what millions of traders will do in a few hours so don't try.
2. Avoid Most Forex Robots
I see these forex trading systems all the time and they all claim great profits but the track records are all simulated in hindsight and have never been traded.
If you trade one of these you can kiss goodbye to your equity.
3. Don't Predict
If you predict you are simply hoping and guessing and that won't get you far in currency trading or life - trade confirmation and the reality of change and don't guess.
4. Markets do Not Move to Science
Many people claim they do and follow the methods of Gann, Elliot and Fibonacci but they don't work.
If markets moved to a scientific theory, we would all know the price in advance and there would be no market - common sense yet, many traders fall for this ridiculous idea, don't join them.
5. The harder you Work the More You Make
In a normal job yes, in forex markets no.
You get paid for being right with your forex trading signal and that can take you ten minutes or ten hours - you earn your rewards for results.
Work smart not hard.
6. Following expert Opinion and News Stories
The markets are a discounting mechanism and news is discounted instantly, it also reflects the greed and fear of the crowd who lose. Will Rogers once said:
"I only believe what I read in the papers"
He was joking of course - but it's surprising how many people follow the news and try and trade it - don't do it!
If you do, you will end up losing.
Markets move on trader's view of news and their emotions. The facts are unimportant its how they are perceived that determines the course of events.
7. Using a complicated method
10 indicators are better than 2 - dead wrong.
A complicated forex trading strategy , will not as a general rule beat a simple one as it has to many elements to break.
Simple systems have and always work best, as they are more robust.
8. Making Money in Demo Account Means You Will Make Money for Real
No, a demo account helps you learn how to trade not to make money and you need to understand this:
There is no pressure on you and therefore it's not a real trading experience.
9. Not Being Patient
Many traders think the more they trade the more they will make - wrong. You get paid as we said earlier on for being right and that means waiting for the high odds trades.
I know traders who trade around 10 times a year and make 200% or more.
If you want fun and excitement do something else. If you want to make money, being patient is a key element to learn in your forex education.
10. Snatching Profits to Soon
When you first start trading, you will be tempted to snatch profits - but look at a forex chart - the big trends last for months weeks and years.
if you have the courage to hold them and take short term equity swings against you, you will be well rewarded when the trade is finally closed with a thumping profit.
Traders have more problems holding profits than they do cutting losses, don't make this mistake.
Now here is the major problem that causes most losers to lose - I will ask you the question:
What's your trading edge defined? i.e. why will you win, when the vast majority 95% of traders lose?
What's Your Edge?
Don't know what your trading edge is?
You don't have one and will lose and it's back to your forex education until you do.
We hope you found our forex trading for beginners of use and that you will avoid them in your forex trading strategy and enjoy currency trading success.
How to Trade Currency for Profits
How to Trade Currency for Profits
by Larry Haywood
Foreign exchange trading, also known as Forex trading, has become more and more popular with investors and traders these days. With the ongoing recession in the capital markets, a lot of folks believe buying and selling of currencies is a safe investment. Whenever you look at the mechanics of a currency spot trade, the chance of making money is somewhere around 50%. With each currency spot transaction, someone loses money while the other individual makes some. Despite this, not everyone is profitable from trading currencies. As a matter of fact, it is estimated that almost 80% of all currency traders lose money in their attempts.
Using these statistics, one can easily assume that the 20% of profitable traders either have access to some kind of insider info or a mysterious way to manipulate the market. But even the United States, British, and Japanese governments have systematically failed in their previous attempts to manipulate the world's currency markets; which squelches that possibility all together.
The fact is, profitable currency traders are simply better at using accessible info than their unprofitable counterparts are. Profitable traders know how to choose the most applicable information from the enormous heap of economical data that's released by governments and institutions on a day by day basis. They understand how to head off information overload and zoom in on exclusively the most important facts and numbers that are most probable to have an effect on the currency market. With that in mind, these are the five major national economic reports that each successful trader looks at:
Unemployment Reports. Unexpected surprises in unemployment figures generally have a big impact on the Forex market. If, for example, the anticipated unemployment rate is 6% for a specific country, but the report shows an actual rate of 4%, then this can cause a strengthening of the national currency.
Interest Rates. Interest rates are directly related to the strength of a specific currency. When interest rates move up, it draws in foreign investors and will lead to a stronger currency. The opposite takes place when interest rates go downward.
Consumer Price Index. The CPI is a monthly report that measures the costs of goods in a country and compares this to salaries. An abrupt hike up in inflation is always damaging to the strength of a currency and so it's vital to maintain a close eye on this economic indicator. Trade Balance. The trade balance measures how much a country exports and how much it imports. A trade deficit means that exports surpass imports and a country is sending out more money than it is taking in. This has a very noticeable impact on the demand for a countries currency. But one must remember that a trade deficit isn't always a bad thing. One must take into account the specific conditions of a country to see why a trade surplus or deficit exists.
Retail Sales. A monthly report of retail sales is possibly the most effective indicator of the average person's thoughts about his nations economy. Sentiment plays a highly critical role in spending patterns, which, in turn, affects the strength of a nations currency.
For currency traders who may plan on being intermediate or permanent players, successful Forex trading means that you need to gain some basic knowledge about worldwide economics and trade. Trading currencies without an awareness of the economic circumstances that bear upon a particular currency market will ultimately lead to losing money. To earn money with Forex trading over the long-run, you also need to learn how to adhere to stable trends and indicators and place your orders accordingly. That is the surest, if not the only way, of trading currency for profits.
by Larry Haywood
Foreign exchange trading, also known as Forex trading, has become more and more popular with investors and traders these days. With the ongoing recession in the capital markets, a lot of folks believe buying and selling of currencies is a safe investment. Whenever you look at the mechanics of a currency spot trade, the chance of making money is somewhere around 50%. With each currency spot transaction, someone loses money while the other individual makes some. Despite this, not everyone is profitable from trading currencies. As a matter of fact, it is estimated that almost 80% of all currency traders lose money in their attempts.
Using these statistics, one can easily assume that the 20% of profitable traders either have access to some kind of insider info or a mysterious way to manipulate the market. But even the United States, British, and Japanese governments have systematically failed in their previous attempts to manipulate the world's currency markets; which squelches that possibility all together.
The fact is, profitable currency traders are simply better at using accessible info than their unprofitable counterparts are. Profitable traders know how to choose the most applicable information from the enormous heap of economical data that's released by governments and institutions on a day by day basis. They understand how to head off information overload and zoom in on exclusively the most important facts and numbers that are most probable to have an effect on the currency market. With that in mind, these are the five major national economic reports that each successful trader looks at:
Unemployment Reports. Unexpected surprises in unemployment figures generally have a big impact on the Forex market. If, for example, the anticipated unemployment rate is 6% for a specific country, but the report shows an actual rate of 4%, then this can cause a strengthening of the national currency.
Interest Rates. Interest rates are directly related to the strength of a specific currency. When interest rates move up, it draws in foreign investors and will lead to a stronger currency. The opposite takes place when interest rates go downward.
Consumer Price Index. The CPI is a monthly report that measures the costs of goods in a country and compares this to salaries. An abrupt hike up in inflation is always damaging to the strength of a currency and so it's vital to maintain a close eye on this economic indicator. Trade Balance. The trade balance measures how much a country exports and how much it imports. A trade deficit means that exports surpass imports and a country is sending out more money than it is taking in. This has a very noticeable impact on the demand for a countries currency. But one must remember that a trade deficit isn't always a bad thing. One must take into account the specific conditions of a country to see why a trade surplus or deficit exists.
Retail Sales. A monthly report of retail sales is possibly the most effective indicator of the average person's thoughts about his nations economy. Sentiment plays a highly critical role in spending patterns, which, in turn, affects the strength of a nations currency.
For currency traders who may plan on being intermediate or permanent players, successful Forex trading means that you need to gain some basic knowledge about worldwide economics and trade. Trading currencies without an awareness of the economic circumstances that bear upon a particular currency market will ultimately lead to losing money. To earn money with Forex trading over the long-run, you also need to learn how to adhere to stable trends and indicators and place your orders accordingly. That is the surest, if not the only way, of trading currency for profits.
Currency Trading Basics - a Simple, Timeless Method For Huge Gains
Currency Trading Basics - a Simple, Timeless Method For Huge Gains
by kelly Price
Here we are going to look at currency trading basics from the standpoint of getting a currency trading system for profits. The one enclosed is simple to understand and will enable you to seek huge gains.
Here we are going to look at a long term breakout method for profits and how to make it part of your forex trading strategy for success.
What is a breakout?
It's simply a break to new chart highs or lows and if you look at a forex chart, you will see that most major moves start from these breaks.
Why Most Traders Can't Trade Them
Breakouts work yet most forex traders can't trade them because they think they have missed a bit of the move and want a better entry price but if the break is valid they wait in vain, as the trade sails over the horizon piling up huge profits and there not in!
The fact that most traders cant trade breakouts is the reason they are so profitable, so trade breakouts and get in the winning minority.
While these breaks can sometimes be hard to take, if the support or resistance is valid, the odds favour a big move - but not all breakouts are created equal.
Let's look at the definition of a valid breakout.
The Best Breakouts
Generally, the more tests the better, the more time frames the better and the wider they are apart, the better.
The minimum you should look for is 3 tests in at least 2 different time frames.
Patience is the Key!
Be patient and wait for the big breaks the market considers valid and you will be well rewarded.
I know a few traders who trade less than once a month yet, make triple digit annual gains from breakouts.
Confirm the Move
When the break occurs check price velocity or momentum is accelerating through the break and here you need some momentum oscillators to help you7 1 or 2 is fine and we find the stochastic and RSI, great indicators to use.
We don't have time to go into them here check our other articles.
Stop and Profit
Stops are easy - right under the breakout point. Now the key with trading breakouts is not to trail your stop to soon. Wait until the move is well underway and trail your stop well behind normal price volatility, so you don't get stopped out to soon.
It doesn't matter if you give a bit back at the end of the trend (you don't know when it's going to finish anyway) so don't try! If you caught 50% of every major trend though, you would be very rich.
Does the above sound simple?
It is.
Does it make money?
Yes and it will always make money as long as markets trend breakouts will occur and if you are selective on the ones you choose and confirm the moves, you could enjoy spectacular currency trading success.
You can learn and be up and running with a breakout strategy in about a week and seeking big profits.
by kelly Price
Here we are going to look at currency trading basics from the standpoint of getting a currency trading system for profits. The one enclosed is simple to understand and will enable you to seek huge gains.
Here we are going to look at a long term breakout method for profits and how to make it part of your forex trading strategy for success.
What is a breakout?
It's simply a break to new chart highs or lows and if you look at a forex chart, you will see that most major moves start from these breaks.
Why Most Traders Can't Trade Them
Breakouts work yet most forex traders can't trade them because they think they have missed a bit of the move and want a better entry price but if the break is valid they wait in vain, as the trade sails over the horizon piling up huge profits and there not in!
The fact that most traders cant trade breakouts is the reason they are so profitable, so trade breakouts and get in the winning minority.
While these breaks can sometimes be hard to take, if the support or resistance is valid, the odds favour a big move - but not all breakouts are created equal.
Let's look at the definition of a valid breakout.
The Best Breakouts
Generally, the more tests the better, the more time frames the better and the wider they are apart, the better.
The minimum you should look for is 3 tests in at least 2 different time frames.
Patience is the Key!
Be patient and wait for the big breaks the market considers valid and you will be well rewarded.
I know a few traders who trade less than once a month yet, make triple digit annual gains from breakouts.
Confirm the Move
When the break occurs check price velocity or momentum is accelerating through the break and here you need some momentum oscillators to help you7 1 or 2 is fine and we find the stochastic and RSI, great indicators to use.
We don't have time to go into them here check our other articles.
Stop and Profit
Stops are easy - right under the breakout point. Now the key with trading breakouts is not to trail your stop to soon. Wait until the move is well underway and trail your stop well behind normal price volatility, so you don't get stopped out to soon.
It doesn't matter if you give a bit back at the end of the trend (you don't know when it's going to finish anyway) so don't try! If you caught 50% of every major trend though, you would be very rich.
Does the above sound simple?
It is.
Does it make money?
Yes and it will always make money as long as markets trend breakouts will occur and if you are selective on the ones you choose and confirm the moves, you could enjoy spectacular currency trading success.
You can learn and be up and running with a breakout strategy in about a week and seeking big profits.
วันจันทร์ที่ 26 พฤษภาคม พ.ศ. 2551
Auto Forex Trade And Remove The Weakest Link
Auto Forex Trade And Remove The Weakest Link
The Forex is a live market with plot twists and turns that can shock practically any trader. Combine this with your human nature and you have a real potential for failure. If you have ever tried to trade on your own then you know exactly what I am talking about. You are awake at 3 in the morning, not because you are trading but because you are second guessing the large money position you just took in the market. Ever had this happen?
Add to this the pure complexity of the Forex market. This market can be so overwhelming that you will end up getting the equivalent of a doctorate just to understand it. And even the then you would be qualified to spend a full time work week just keeping abreast of the changes. What does all of this have to do with removing the weakest link?
Everything.
First of all let me introduce you to the weakest link... get up and go look in the mirror. It is you - and me for that matter. We are the weakest links in our trading. The fact is that the best traders in history from Gann to Babcock have known this, and they spent a large portion of their lives dedicated to making their trading more "mechanical."
When they treated their trading with an unemotional mechanical objectivity they succeed, when they didn't they fell hard. And listen it took years for these geniuses to develop this mindset, and I can bet If they were here today in this age of super-technology they would have used it to their advantage.
So back to you. You love Forex trading, but your emotions get in the way. You are dedicated to succeeding as a trader, but your day job takes too much time to do it correctly.
Then my friend welcome to the twenty first century. Today's technology has made it possible to have emotionless robots trade in a mechanical fashion on your behalf. They are a bit like a manager who never sleeps and has split second timing, plus they will follow your orders with unswerving dedication. Best of all you can access them from anywhere with a wi-fi PDA.
The Forex is a live market with plot twists and turns that can shock practically any trader. Combine this with your human nature and you have a real potential for failure. If you have ever tried to trade on your own then you know exactly what I am talking about. You are awake at 3 in the morning, not because you are trading but because you are second guessing the large money position you just took in the market. Ever had this happen?
Add to this the pure complexity of the Forex market. This market can be so overwhelming that you will end up getting the equivalent of a doctorate just to understand it. And even the then you would be qualified to spend a full time work week just keeping abreast of the changes. What does all of this have to do with removing the weakest link?
Everything.
First of all let me introduce you to the weakest link... get up and go look in the mirror. It is you - and me for that matter. We are the weakest links in our trading. The fact is that the best traders in history from Gann to Babcock have known this, and they spent a large portion of their lives dedicated to making their trading more "mechanical."
When they treated their trading with an unemotional mechanical objectivity they succeed, when they didn't they fell hard. And listen it took years for these geniuses to develop this mindset, and I can bet If they were here today in this age of super-technology they would have used it to their advantage.
So back to you. You love Forex trading, but your emotions get in the way. You are dedicated to succeeding as a trader, but your day job takes too much time to do it correctly.
Then my friend welcome to the twenty first century. Today's technology has made it possible to have emotionless robots trade in a mechanical fashion on your behalf. They are a bit like a manager who never sleeps and has split second timing, plus they will follow your orders with unswerving dedication. Best of all you can access them from anywhere with a wi-fi PDA.
Forex Scalping System - In Search Of A Forex Scalping System For Profits
Forex Scalping System - In Search Of A Forex Scalping System For Profits
by Samuel Leslie Berkovits
The Net is full of forex scalping systems and they all claim to make big profits but which do and which don't and which is the best scalping system to buy? That's exactly what we are going to look at in this article.
If you look at all the forex scalping systems online they will all have a track record that looks great but all is not what it seems go to the disclaimer and read it. This is the one you will see or a very similar one:
"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".
So now you know why all the forex scalping systems make money - the track records are simply made up! They haven't even been traded in the market real time, all the vendor has done is simulated a track record and made it look profitable.
Now this is of course no help whatsoever, in determining if the system will make money in real time trading and none do.
In 25 years, I have never found a forex day trading or scalping system which has made money longer term and don't think I ever will; this is for the simple reason that the logic forex scalping is based upon does not add up.
The logic is trying to determine what millions and millions of traders all with different strategies, skills, and objectives are going to do in a short space of time and that's not possible.
If anyone says it is ask for the real time track record - you won't get one, or if you do let me know.
The story of scalping small regular profits is easy to sell and vendors know this; they have no intention of using the system themselves, they just create some eye catching copy, make up a track record and wait for the greedy naïve investor.
The vendor has a guaranteed profit and the trader takes a swift wipe out of his equity.
You can win in forex trading - but you need to trade longer time frames to get the odds on your side and this means either swing trading or long term trend following.
Get the right forex education and base your forex trading strategy on trading the odds and of course this means avoiding forex scalping systems entirely.
by Samuel Leslie Berkovits
The Net is full of forex scalping systems and they all claim to make big profits but which do and which don't and which is the best scalping system to buy? That's exactly what we are going to look at in this article.
If you look at all the forex scalping systems online they will all have a track record that looks great but all is not what it seems go to the disclaimer and read it. This is the one you will see or a very similar one:
"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".
So now you know why all the forex scalping systems make money - the track records are simply made up! They haven't even been traded in the market real time, all the vendor has done is simulated a track record and made it look profitable.
Now this is of course no help whatsoever, in determining if the system will make money in real time trading and none do.
In 25 years, I have never found a forex day trading or scalping system which has made money longer term and don't think I ever will; this is for the simple reason that the logic forex scalping is based upon does not add up.
The logic is trying to determine what millions and millions of traders all with different strategies, skills, and objectives are going to do in a short space of time and that's not possible.
If anyone says it is ask for the real time track record - you won't get one, or if you do let me know.
The story of scalping small regular profits is easy to sell and vendors know this; they have no intention of using the system themselves, they just create some eye catching copy, make up a track record and wait for the greedy naïve investor.
The vendor has a guaranteed profit and the trader takes a swift wipe out of his equity.
You can win in forex trading - but you need to trade longer time frames to get the odds on your side and this means either swing trading or long term trend following.
Get the right forex education and base your forex trading strategy on trading the odds and of course this means avoiding forex scalping systems entirely.
Forex Trading Robot - The 4 Week Rule A Free Robot That Works
Forex Trading Robot - The 4 Week Rule A Free Robot That Works!
by Samuel Leslie Berkovits
Many forex traders want to use forex trading robots and buy them off the net but there is a free one we are going to look at here which, makes big profits and will beat most of the sold ones and it won't cost you a cent.
The 4 Week Rule was originally devised to trade commodities by the Richard Donchian who is considered the grandfather of modern trend following. This forex trading robot is simplicity itself just one rule:
Cover any short positions and go long when a price exceeds the highs of the previous 4 calendar weeks. Cover any long positions and go short when a price falls below the lows of the previous 4 calendar weeks.
How simple is that?
Very, but don't think because its simple it doesn't work - run it across any currency and look at a forex chart and you will see it does.
It's really a simple breakout system and will get you on the side of every major trend.
There is a downside though - if the market doesn't trend, it can get whipped in and out in these situations however, you can combat this by adjusting the exit rule.
A very simple way to cut drawdown is to exit on a shorter time scale - say a 1 or 2 week low or high and you can also consider exiting with a moving average.
Long term, this system works and will continue to work, as currencies always trend and are unlikely to stop trending.
Most traders though won't consider using this system for the following reasons:
- Its to simple - traders seem anti simplicity even though it works!
- There are not many trading signals, so it doesn't suit the action man trader.
- Its not trendy - it doesn't quite have the ring about it, of a system based on expert or artificial intelligence technology.
- It's not fussy about pinpoint timing. Most traders are obsessed with trying to predict market price (even though you cant) while this one simply reacts.
It makes money and that's the real test of any forex robot. Some of the top traders in the world have used it, such as Richard Dennis so, if it's good enough for him, it's certainly good enough for you and me.
If you use the 4 Week Rule and follow it with discipline, you can add an extra dimension to your forex trading strategy. If you are thinking of buying a robot then this one is more than likely to beat it and it's free.
Most of the forex trading robots sold online come with simulated, made up track records all done in hindsight only and no real trading; the 4 Week rule however comes with a pedigree.
So there you have it, a free forex robot that actually works and you can use to make forex profits. As the song goes "the best things in life are free" and in terms of forex robots the song is very apt.
by Samuel Leslie Berkovits
Many forex traders want to use forex trading robots and buy them off the net but there is a free one we are going to look at here which, makes big profits and will beat most of the sold ones and it won't cost you a cent.
The 4 Week Rule was originally devised to trade commodities by the Richard Donchian who is considered the grandfather of modern trend following. This forex trading robot is simplicity itself just one rule:
Cover any short positions and go long when a price exceeds the highs of the previous 4 calendar weeks. Cover any long positions and go short when a price falls below the lows of the previous 4 calendar weeks.
How simple is that?
Very, but don't think because its simple it doesn't work - run it across any currency and look at a forex chart and you will see it does.
It's really a simple breakout system and will get you on the side of every major trend.
There is a downside though - if the market doesn't trend, it can get whipped in and out in these situations however, you can combat this by adjusting the exit rule.
A very simple way to cut drawdown is to exit on a shorter time scale - say a 1 or 2 week low or high and you can also consider exiting with a moving average.
Long term, this system works and will continue to work, as currencies always trend and are unlikely to stop trending.
Most traders though won't consider using this system for the following reasons:
- Its to simple - traders seem anti simplicity even though it works!
- There are not many trading signals, so it doesn't suit the action man trader.
- Its not trendy - it doesn't quite have the ring about it, of a system based on expert or artificial intelligence technology.
- It's not fussy about pinpoint timing. Most traders are obsessed with trying to predict market price (even though you cant) while this one simply reacts.
It makes money and that's the real test of any forex robot. Some of the top traders in the world have used it, such as Richard Dennis so, if it's good enough for him, it's certainly good enough for you and me.
If you use the 4 Week Rule and follow it with discipline, you can add an extra dimension to your forex trading strategy. If you are thinking of buying a robot then this one is more than likely to beat it and it's free.
Most of the forex trading robots sold online come with simulated, made up track records all done in hindsight only and no real trading; the 4 Week rule however comes with a pedigree.
So there you have it, a free forex robot that actually works and you can use to make forex profits. As the song goes "the best things in life are free" and in terms of forex robots the song is very apt.
Forex Trading Machine Best Review
Forex Trading Machine Best Review
by Mick Thompson
Forex Trading Machine Review
Avi Frister, author of Forex Trading Machine has been and is still making money and huge success as a full time professional Forex Trader and educator. you can definitely say that he has tried and tested several trading strategies, indicators, methods and systems. Exactly how many? COUNTLESS! Trading is his passion and treats it passionately. Eleven Years of trading experience has taught him a lot of valuable lessons.
The most important lessons that he strictly follow are, being "INNOVATIVE, DIFFERENT and ORIGINAL." Why? Because following 99% of trading strategies that traders is not enough and is NOT guaranteed to make you successful. That means you have to be that 1%. But how?
Forex Trading Machine fused those 3 important lessons in it's 3 main strategies. This is how you're going to be that successful 1%.
1. Cash Cow Strategy: The safest of the three strategies. This can be easily described as a "set it and forget it" trading method. It works using a daily chart where a price is watched to see if it moves a particular distance during one day. If the price markers are hit the following day then the chances of a reasonable gain are good. This works best with the GBP/USD and EUR/USD pairs. 2. Forex Runner: Is a "trade whenever you have time" strategy. Since the forex market is a 24 hour market, you have the luxury to decide exactly when it is best to for you to put Forex Runner to work. You will learn how to exploit the daily range of the major pairs. Simply follow simple instructions and... wait for results. 3. Flip and Go Strategy: Primarily a day trading method. It demonstrates how to take advantage of a certain characteristic of the EUR/USD pair which is the most liquid of the currency pairs.
Avi Frister included a 2 bonus strategies. The "Trading Non-Farm Payroll Profitability" system which is 100% mechanical. Extremely simple to learn like all the other strategies. "Trading for Beginners" by Marc McRae which is a 103 page e-book. In this bonus e-book, you will learn:
1. How to nail impressive trading profits. 2. Three trading sysytems that have proven themselves through the test of time. 3. The truth about trading every trader has to know. 4. How to use probability to give you an edge. 5. The secret of successful trading. 6. and tons more!
It is extremely important to understand the difference between a stand alone trading strategy and arsenal of strategies that makes a trader a super-trading machine. Avi's objective from even before creating this course was to provide traders with everything they need in order to succeed in the forex market, a complete from A-Z trading solution.
by Mick Thompson
Forex Trading Machine Review
Avi Frister, author of Forex Trading Machine has been and is still making money and huge success as a full time professional Forex Trader and educator. you can definitely say that he has tried and tested several trading strategies, indicators, methods and systems. Exactly how many? COUNTLESS! Trading is his passion and treats it passionately. Eleven Years of trading experience has taught him a lot of valuable lessons.
The most important lessons that he strictly follow are, being "INNOVATIVE, DIFFERENT and ORIGINAL." Why? Because following 99% of trading strategies that traders is not enough and is NOT guaranteed to make you successful. That means you have to be that 1%. But how?
Forex Trading Machine fused those 3 important lessons in it's 3 main strategies. This is how you're going to be that successful 1%.
1. Cash Cow Strategy: The safest of the three strategies. This can be easily described as a "set it and forget it" trading method. It works using a daily chart where a price is watched to see if it moves a particular distance during one day. If the price markers are hit the following day then the chances of a reasonable gain are good. This works best with the GBP/USD and EUR/USD pairs. 2. Forex Runner: Is a "trade whenever you have time" strategy. Since the forex market is a 24 hour market, you have the luxury to decide exactly when it is best to for you to put Forex Runner to work. You will learn how to exploit the daily range of the major pairs. Simply follow simple instructions and... wait for results. 3. Flip and Go Strategy: Primarily a day trading method. It demonstrates how to take advantage of a certain characteristic of the EUR/USD pair which is the most liquid of the currency pairs.
Avi Frister included a 2 bonus strategies. The "Trading Non-Farm Payroll Profitability" system which is 100% mechanical. Extremely simple to learn like all the other strategies. "Trading for Beginners" by Marc McRae which is a 103 page e-book. In this bonus e-book, you will learn:
1. How to nail impressive trading profits. 2. Three trading sysytems that have proven themselves through the test of time. 3. The truth about trading every trader has to know. 4. How to use probability to give you an edge. 5. The secret of successful trading. 6. and tons more!
It is extremely important to understand the difference between a stand alone trading strategy and arsenal of strategies that makes a trader a super-trading machine. Avi's objective from even before creating this course was to provide traders with everything they need in order to succeed in the forex market, a complete from A-Z trading solution.
วันพฤหัสบดีที่ 22 พฤษภาคม พ.ศ. 2551
FOREX -The Thrill Ride
FOREX -The Thrill Ride
by Ziki De Naim
FOREX is one of the latest crazes to sweep the planet.
Forex is one of the hottest and largest financial trading markets in the world today. The rise of the new E-economy caused online Forex trading website and firms to be able to offer trading accounts to almost anyone with a computer and an Internet connection. In our days everyone can trade currencies just like the world's largest banks do.
The Foreign Exchange, also referred to as the "Forex" or "FX market", is the practice of currency trading with over $2.5 trillion changing hands every single day.
Forex trading is where the currency of one nation is traded for that of another. If you have been abroad on holiday or business you have already done it. You exchanged your domestic currency for that of the currency of the country you were travelling to.
The Forex market is different though, by actively engaging in online trading using broker platforms you can buy and sell currencies for huge profits. This is because you trade with a 'leverage' so that even a small amount of money can quickly become a huge amount if you make the right trade.
Unlike the stock market which is ruled by those with inside knowledge, Forex gives everyone an equal footing, you can make good money even with very little experience.
The Forex goods are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars etc. That's all.thats how does one profit in Forex, buy cheap and sell for more! The profit is generated from the fluctuations in the currency exchange market.
There is not a central exchange for the Forex market, so these pairs and their crosses are traded over the telephone and online through a global network of banks,forex websites,brokers and currency traders.
The process is very simple and obvious,no expert knowledge of an industry is needed, that is the beauty of FOREX, thousands can be made whether you are decided to learn and experiance!
Forex is a skill that takes time to learn !!!
Forex can seem to be tough at the first instance to a new investor but once you have understood the process of the trading,then it is all about making the right decision and earning a handsome profit. with various fundamental and technical analysis tool available in the market,a careful investor can make huge profit by trading currencies. A small margin deposit can control a much larger total contract value. That Is what we call 'Leverage'.
'leverage' gives the trader the ability to make extraordinary profits and at the same time keep risk capital to a minimum. some online Forex firms offer up to 200 to 1 leverage, which means that a $100 dollar margin deposit would enable a trader to buy or sell $20,000 worth of currencies.
The excting thing about the Forex market, is those regular daily fluctuations,an example - if the exchange rate of a pair of currencies increased by 0.6% in the last hours, your profit will be 60% on your investment!(1:100) Such can happen in a few hours or even minutes! Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.
An exciting advantages of Forex trading is the ability to generate profits whether a currency pair is up or down, in a 'rising' and 'falling' markets. Skilled Traders do make money in this field, however like any other career, success doesn't just happen overnight.
Most Online Forex firms offer free 'Demo' accounts to practice trading, along with breaking Forex news and charting services. These are very valuable resources for traders who would like to developpe their trading skills with 'virtual' money before opening a live trading account. a new trader should practice trading on a demo account and pretend the virtual money is your own real money.Do not open a live trading account until you are profitable trading on a demo account. It is important that you learn how to buy and sell the currency pairs, set stop losses, set profit limits, and understand how leveraged margin works when you trade.
Understanding risk management is a very important reality when trading the Forex Markets. Losing trades will happen, and managing those losses are the key to your success.
Happy Trading
Ziki De Naim
"Forex Trading Strategies"
Looking for info about Forex Trading? Find it all at : Forex Trading Startegies
Read about Trading Times, Mini Forex Account,Forex Terms used in the Forex Market, How to Choose Forex Brokers and Firms?
Subscribe and read ForexGuest-Members newsletters about Top Rated Online Affiliate Opportunities, and Forex Trading Strategies Tips.
by Ziki De Naim
FOREX is one of the latest crazes to sweep the planet.
Forex is one of the hottest and largest financial trading markets in the world today. The rise of the new E-economy caused online Forex trading website and firms to be able to offer trading accounts to almost anyone with a computer and an Internet connection. In our days everyone can trade currencies just like the world's largest banks do.
The Foreign Exchange, also referred to as the "Forex" or "FX market", is the practice of currency trading with over $2.5 trillion changing hands every single day.
Forex trading is where the currency of one nation is traded for that of another. If you have been abroad on holiday or business you have already done it. You exchanged your domestic currency for that of the currency of the country you were travelling to.
The Forex market is different though, by actively engaging in online trading using broker platforms you can buy and sell currencies for huge profits. This is because you trade with a 'leverage' so that even a small amount of money can quickly become a huge amount if you make the right trade.
Unlike the stock market which is ruled by those with inside knowledge, Forex gives everyone an equal footing, you can make good money even with very little experience.
The Forex goods are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars etc. That's all.thats how does one profit in Forex, buy cheap and sell for more! The profit is generated from the fluctuations in the currency exchange market.
There is not a central exchange for the Forex market, so these pairs and their crosses are traded over the telephone and online through a global network of banks,forex websites,brokers and currency traders.
The process is very simple and obvious,no expert knowledge of an industry is needed, that is the beauty of FOREX, thousands can be made whether you are decided to learn and experiance!
Forex is a skill that takes time to learn !!!
Forex can seem to be tough at the first instance to a new investor but once you have understood the process of the trading,then it is all about making the right decision and earning a handsome profit. with various fundamental and technical analysis tool available in the market,a careful investor can make huge profit by trading currencies. A small margin deposit can control a much larger total contract value. That Is what we call 'Leverage'.
'leverage' gives the trader the ability to make extraordinary profits and at the same time keep risk capital to a minimum. some online Forex firms offer up to 200 to 1 leverage, which means that a $100 dollar margin deposit would enable a trader to buy or sell $20,000 worth of currencies.
The excting thing about the Forex market, is those regular daily fluctuations,an example - if the exchange rate of a pair of currencies increased by 0.6% in the last hours, your profit will be 60% on your investment!(1:100) Such can happen in a few hours or even minutes! Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.
An exciting advantages of Forex trading is the ability to generate profits whether a currency pair is up or down, in a 'rising' and 'falling' markets. Skilled Traders do make money in this field, however like any other career, success doesn't just happen overnight.
Most Online Forex firms offer free 'Demo' accounts to practice trading, along with breaking Forex news and charting services. These are very valuable resources for traders who would like to developpe their trading skills with 'virtual' money before opening a live trading account. a new trader should practice trading on a demo account and pretend the virtual money is your own real money.Do not open a live trading account until you are profitable trading on a demo account. It is important that you learn how to buy and sell the currency pairs, set stop losses, set profit limits, and understand how leveraged margin works when you trade.
Understanding risk management is a very important reality when trading the Forex Markets. Losing trades will happen, and managing those losses are the key to your success.
Happy Trading
Ziki De Naim
"Forex Trading Strategies"
Looking for info about Forex Trading? Find it all at : Forex Trading Startegies
Read about Trading Times, Mini Forex Account,Forex Terms used in the Forex Market, How to Choose Forex Brokers and Firms?
Subscribe and read ForexGuest-Members newsletters about Top Rated Online Affiliate Opportunities, and Forex Trading Strategies Tips.
When To Use A Forex Signal Trading
When To Use A Forex Signal Trading
by Brian Doherty
The Forex market is one of the most popular methods to money. In fact, a lot of people even turned millionaires virtually overnight. First of all, the Forex market is the biggest and the most liquid market in the globe that runs twenty-four hours a day and generates exchanges that amounts to 3 trillion dollars each day.
With this kind of features, everyone would want a slice of the action running on inside the Forex market.
However, with all the money making opportunities that you can decidedly have in the Forex market, there are as well risks implied. It is a fact that a lot of people who traded in the Forex market lost, and some of these people supported extreme financial loss. Because of this, before you join the Forex market, you should have the suitable knowledge and skills on trading currencies.
The Forex market is simply the buying and selling of different currencies around the earth. It functions 24 hours a day, making it the most liquid market in the earth. With all these things, people are disposed to invest money in the Forex market in order to make their investment bigger.
In the Forex market, there are tools that you are able to utilize in order to maximize your earning potential. An example of a great instrument that you are able to use in the Forex market is the charts. The Forex charts supply visual info of whats happening on inside the market. It supplies info regarding what currency is increasing or decreasing in value.
Forex signal trading is one of the most popular instruments employed by Forex investors to maximize their earning potential inside the Forex market. This instrument includes discovering trends by analyzing charts. There are also indicators that you can employ to do Forex signal trading.
Forex signal trading helps you, as the trader, on what is the right time to buy or sell a particular currency. Signal trading is commonly done by brokers and analysts that you can employ to utilize signal trading. Signal trading may truly give you the opportunity of acquiring huge gain in the Forex market.
With signal trading in the Forex market, you are able to really increment your gaining potential and minimise the danger of no profit or losing money. Signal trading is offered by analyst and brokers by subscription. Frequently, you will be alerted via email. However, some higher levels of subscription will also permit you to be alerted through your cell phone or through your beeper.
Some signal trading subscription can cost 100 dollars a month or more, depending on the signal trading service characteristic you want.
Signal trading can really work for your welfare. For instance, if you hire an analyst to alert you on when the best time to buy or sell a particular currency, you'll save manytime and effort on making the analysis alone. With this benefit, you are able to leave all the analysing to the analyst or the broker.
This is particularly good for people who have other occupations other than trading in the Forex market. You can focus on your job and at the same time, profit in the Forex market without having to analyze all those charts and indicators.
However, if you make a career out of trading in the Forex market and have the sufficient knowledge and skills to analyze charts and spot market trends, you might as well make the signal trading yourself. This can save you lots of money.
The Forex market is a very complex market. Before you invest in this very liquid market, you've to consider not only about the potential income you can make, but also the losings that may occur.
Always remember that Forex isn't really for everybody, you have to be prepared to lose money on the first few months of trading. If you can�,´t afford to lose money, then Forex trading is not for you.
Big gaining potentials in the Forex market are very much real. Then, if you have the money for it, consider signal trading as it can be beneficial for you. Always remember that although hiring an analyst or a broker to give you alerts in signal trading can cost a lot of money, you should as well remember about how professional these people are in analyzing trends in the market. You can truly minimize the danger of losing money in the Forex market if you do signal trading.
by Brian Doherty
The Forex market is one of the most popular methods to money. In fact, a lot of people even turned millionaires virtually overnight. First of all, the Forex market is the biggest and the most liquid market in the globe that runs twenty-four hours a day and generates exchanges that amounts to 3 trillion dollars each day.
With this kind of features, everyone would want a slice of the action running on inside the Forex market.
However, with all the money making opportunities that you can decidedly have in the Forex market, there are as well risks implied. It is a fact that a lot of people who traded in the Forex market lost, and some of these people supported extreme financial loss. Because of this, before you join the Forex market, you should have the suitable knowledge and skills on trading currencies.
The Forex market is simply the buying and selling of different currencies around the earth. It functions 24 hours a day, making it the most liquid market in the earth. With all these things, people are disposed to invest money in the Forex market in order to make their investment bigger.
In the Forex market, there are tools that you are able to utilize in order to maximize your earning potential. An example of a great instrument that you are able to use in the Forex market is the charts. The Forex charts supply visual info of whats happening on inside the market. It supplies info regarding what currency is increasing or decreasing in value.
Forex signal trading is one of the most popular instruments employed by Forex investors to maximize their earning potential inside the Forex market. This instrument includes discovering trends by analyzing charts. There are also indicators that you can employ to do Forex signal trading.
Forex signal trading helps you, as the trader, on what is the right time to buy or sell a particular currency. Signal trading is commonly done by brokers and analysts that you can employ to utilize signal trading. Signal trading may truly give you the opportunity of acquiring huge gain in the Forex market.
With signal trading in the Forex market, you are able to really increment your gaining potential and minimise the danger of no profit or losing money. Signal trading is offered by analyst and brokers by subscription. Frequently, you will be alerted via email. However, some higher levels of subscription will also permit you to be alerted through your cell phone or through your beeper.
Some signal trading subscription can cost 100 dollars a month or more, depending on the signal trading service characteristic you want.
Signal trading can really work for your welfare. For instance, if you hire an analyst to alert you on when the best time to buy or sell a particular currency, you'll save manytime and effort on making the analysis alone. With this benefit, you are able to leave all the analysing to the analyst or the broker.
This is particularly good for people who have other occupations other than trading in the Forex market. You can focus on your job and at the same time, profit in the Forex market without having to analyze all those charts and indicators.
However, if you make a career out of trading in the Forex market and have the sufficient knowledge and skills to analyze charts and spot market trends, you might as well make the signal trading yourself. This can save you lots of money.
The Forex market is a very complex market. Before you invest in this very liquid market, you've to consider not only about the potential income you can make, but also the losings that may occur.
Always remember that Forex isn't really for everybody, you have to be prepared to lose money on the first few months of trading. If you can�,´t afford to lose money, then Forex trading is not for you.
Big gaining potentials in the Forex market are very much real. Then, if you have the money for it, consider signal trading as it can be beneficial for you. Always remember that although hiring an analyst or a broker to give you alerts in signal trading can cost a lot of money, you should as well remember about how professional these people are in analyzing trends in the market. You can truly minimize the danger of losing money in the Forex market if you do signal trading.
Can Forex Trading Forums Help A Forex Beginner?
Can Forex Trading Forums Help A Forex Beginner?
by Karen Fairham
Forex Trading forums can be of immense help to a forex trader especially a beginner because there is a high traffic of information in forums and experienced traders at these forums answer questions and make recommendations that can be beneficial to a forex trader. In forex trading information is important and unbiased information can be received at most good forums especially when it comes to forex ideas, broker recommendation and forex software.
By visiting forex trading forums you will come in contact with savvy traders who will gladly share systems that they use which works for them and some are even ready to show live trades that they have done with these systems and also allow you to follow up on their trading strategies.
Most new forex buy and sell signals software is discussed at these forums and traders write about their experience and you can gather very crucial information that can help shape your own decision before deciding to go for particular software or forex trading system.
As you gather information on trading strategies and systems from forex trading forums you should either test them out on a demo account or on a mini account, the reason for this is because many forex system vendors also come onto forums and pose as satisfied customers using a particular service or product when in actual fact all they want is to get you to buy the product. So be sure that the information you pick up from forex forums will be good and bad so you must have a sand box to test systems and recommendations.
Asking questions in forex forums is a very efficient process of learning because you get sample ideas of many different traders and can actually see your question been answered from very many different perspectives. Although at times you find that you might suffer from a bit of information overload as a result of visiting forums, but I assure it happens to every trader and as you go along you will learn how to analyse information you receive and work with them.
Finally, do not make out yourself as a joker or make rude remarks at other members of the forex forum you belong to as this will lead to either you been banned or simply rob you of getting sensible answers to your questions and been taken seriously by other members.
by Karen Fairham
Forex Trading forums can be of immense help to a forex trader especially a beginner because there is a high traffic of information in forums and experienced traders at these forums answer questions and make recommendations that can be beneficial to a forex trader. In forex trading information is important and unbiased information can be received at most good forums especially when it comes to forex ideas, broker recommendation and forex software.
By visiting forex trading forums you will come in contact with savvy traders who will gladly share systems that they use which works for them and some are even ready to show live trades that they have done with these systems and also allow you to follow up on their trading strategies.
Most new forex buy and sell signals software is discussed at these forums and traders write about their experience and you can gather very crucial information that can help shape your own decision before deciding to go for particular software or forex trading system.
As you gather information on trading strategies and systems from forex trading forums you should either test them out on a demo account or on a mini account, the reason for this is because many forex system vendors also come onto forums and pose as satisfied customers using a particular service or product when in actual fact all they want is to get you to buy the product. So be sure that the information you pick up from forex forums will be good and bad so you must have a sand box to test systems and recommendations.
Asking questions in forex forums is a very efficient process of learning because you get sample ideas of many different traders and can actually see your question been answered from very many different perspectives. Although at times you find that you might suffer from a bit of information overload as a result of visiting forums, but I assure it happens to every trader and as you go along you will learn how to analyse information you receive and work with them.
Finally, do not make out yourself as a joker or make rude remarks at other members of the forex forum you belong to as this will lead to either you been banned or simply rob you of getting sensible answers to your questions and been taken seriously by other members.
วันอาทิตย์ที่ 18 พฤษภาคม พ.ศ. 2551
Forex Autopilot - Increase you Forex Income with Forex Autopilot
Forex Autopilot - Increase you Forex Income with Forex Autopilot
by mandy
Have you ever heard of Forex Autopilot? Is this system for real or just another forex trading scam? One of the reason why most forex trader failed to make money in trading the forex is that they trade based on their emotions. They didn't know what to do in sudden drastic change on the market. They are actually confused fast when they saw a slight loss on their trading profits. Most of the forex trader failed because of the fact that they have no time to acquired knowledge and right trading tools which are very necessary in winning in this kind of business. Just recently I stumble upon Forex Autopilot, an automated forex trend analysis system. The system is created by Mark Copeland, a quantitative analyst. He used his 8 years experience to research at the huge complicated system that most elite trader are using to make huge income. Forex Autopilot uses the most advanced technology running on hundreds of computer. It also uses the best technical indicators.
So, why do you have to use Forex Autopilot? Forex Autopilot is the only system that will make you money on autopilot even when you are asleep. It is a new brainer forex software that runs automatically. Forex Autopilot turns you from a rookie trader into an expert trader without the work. Forex Autopilot will allow you to eran thousand per day. It is a fully automated black box system. It has been designed to run unattended. Forex Autopilot is a complete method, with setup conditions, entry rules, initial stop rules, and exit strategy rules, leaving no decision to chance. The system includes specific risk management, money management, and portfolio management guidelines.
Are you one of the many trader who are tired of feeling scared whenever you trade because you really don't know what you are doing? Stop waisting your time spending long hours in fron of computer waiting for signals that doesn't promised profits. Let Forex Autopilot do all the work for you!
by mandy
Have you ever heard of Forex Autopilot? Is this system for real or just another forex trading scam? One of the reason why most forex trader failed to make money in trading the forex is that they trade based on their emotions. They didn't know what to do in sudden drastic change on the market. They are actually confused fast when they saw a slight loss on their trading profits. Most of the forex trader failed because of the fact that they have no time to acquired knowledge and right trading tools which are very necessary in winning in this kind of business. Just recently I stumble upon Forex Autopilot, an automated forex trend analysis system. The system is created by Mark Copeland, a quantitative analyst. He used his 8 years experience to research at the huge complicated system that most elite trader are using to make huge income. Forex Autopilot uses the most advanced technology running on hundreds of computer. It also uses the best technical indicators.
So, why do you have to use Forex Autopilot? Forex Autopilot is the only system that will make you money on autopilot even when you are asleep. It is a new brainer forex software that runs automatically. Forex Autopilot turns you from a rookie trader into an expert trader without the work. Forex Autopilot will allow you to eran thousand per day. It is a fully automated black box system. It has been designed to run unattended. Forex Autopilot is a complete method, with setup conditions, entry rules, initial stop rules, and exit strategy rules, leaving no decision to chance. The system includes specific risk management, money management, and portfolio management guidelines.
Are you one of the many trader who are tired of feeling scared whenever you trade because you really don't know what you are doing? Stop waisting your time spending long hours in fron of computer waiting for signals that doesn't promised profits. Let Forex Autopilot do all the work for you!
วันศุกร์ที่ 16 พฤษภาคม พ.ศ. 2551
Currency Trading Robots - If They All Make So Much Money Why Does Anyone Bother To Work?
Currency Trading Robots - If They All Make So Much Money Why Does Anyone Bother To Work?
by kelly Price
It always strikes me as odd if a currency trading robot can make so much money why the vendor sells it and so cheaply and there is a very good reason.
Whenever I see a currency trading robot I always see a great track record thousands per month in profit and then I see this in the small print:
"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".
So the track record is not real its done in hindsight knowing all the facts and closing prices now anyone can do that but the simulation doesn't mean anything about real time profitability. Most fail miserably in real time trading and the vendor doesn't trade it income comes from sales.
When I look at some of the track records I am always amused by how much money they make in hindsight. If they worked in real time banks wouldn't be paying out hundreds of thousands or million per annum in salaries to their top guys, they would buy a robot for a few hundred dollars - then, word would get out and everyone would be traders and wouldn't work at all, just put your feet up make thousands of bucks a month for doing nothing.
The above is fantasy not reality and most people who try and automatic forex trading system end up losing money.
You can make money at forex trading and lots of it - but beware of currency trading robots that promise you huge riches and to lead you to financial success the odds say your account equity will get wiped out.
I have been trading for 25 years and although you can make money at forex trading you need to do it on your own and remember no one is going to make you money you have to do it all on your own.
For the trader prepared to get the right forex education and learn the rewards can be huge - but you have to put in effort and learn no one gives you success, you give it to yourself.
by kelly Price
It always strikes me as odd if a currency trading robot can make so much money why the vendor sells it and so cheaply and there is a very good reason.
Whenever I see a currency trading robot I always see a great track record thousands per month in profit and then I see this in the small print:
"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".
So the track record is not real its done in hindsight knowing all the facts and closing prices now anyone can do that but the simulation doesn't mean anything about real time profitability. Most fail miserably in real time trading and the vendor doesn't trade it income comes from sales.
When I look at some of the track records I am always amused by how much money they make in hindsight. If they worked in real time banks wouldn't be paying out hundreds of thousands or million per annum in salaries to their top guys, they would buy a robot for a few hundred dollars - then, word would get out and everyone would be traders and wouldn't work at all, just put your feet up make thousands of bucks a month for doing nothing.
The above is fantasy not reality and most people who try and automatic forex trading system end up losing money.
You can make money at forex trading and lots of it - but beware of currency trading robots that promise you huge riches and to lead you to financial success the odds say your account equity will get wiped out.
I have been trading for 25 years and although you can make money at forex trading you need to do it on your own and remember no one is going to make you money you have to do it all on your own.
For the trader prepared to get the right forex education and learn the rewards can be huge - but you have to put in effort and learn no one gives you success, you give it to yourself.
Currency Trading Basics - A Simple System Anyone Can Use For Big Profits
Currency Trading Basics - A Simple System Anyone Can Use For Big Profits
by kelly Price
I have been a trader for 25 years and have seen all types of market and seen lots of innovations - but my forex trading strategy has NOT changed, it's still the same as it was 25 years ago and still works. I will share the logic of it with you here.
First - we have seen lots of changes in the last 25 years but understand this being clever and trying to make your trading strategy complicated is a mistake. Simple systems work best and always will.
Despite all the advances in technology over the last 25 years, the ratio of winners to losers still remains the same 95% lose 5% win, this shows technology has nothing to do with forex success.
You need a simple system, because its very robust complicated ones fail because they have too many elements to break.
Here is the logic of my system:
1. Look for Valid Support and Resistance
Yes good old trend lines then, check for a valid level - lots of tests, in lots of time frames. Next I wait for the level to break and new high or low to be made.
All the big trends come from breakouts and these are the moves to go for.
Most traders like to wait for the pullback but they never get in. By waiting for a better price they miss the move. Losers don't go with breakouts winners do.
2. Confirm the Trading Signal
You then need to see if the odds are on your side with the breakout so you check price momentum. There are lots of momentum indicators to help you time your move and get the velocity of price on your side. The ones you choose are a matter of personal preference but I like the ADX, RSI and stochastic. If my momentum calculation adds up I go with the break.
3. Stops
Stop below the breakout point and then trail the stop up behind random volatility not to get clipped out I like the 40 day MA.
That's it! Simple yes of course but it works for me. The real trick is being patient I only trade 1 - 2 times a month with this method and to take short term draw down trailing the stop.
Adapted to Swing Trading
If the market is not trending, I adopt the strategy to look for shorter term moves and swing trade i.e using momentum to trade the moves between support and resistance. When doing this there is no trailing stop, just a target.
This method was simply one I picked up from a commodity trader in the late seventies and after trying all sorts of methods, it's the one I settled on in the mid eighties and have used ever since. It works on commodities currencies and stock indexes.
Is it perfect? No, does it make money longer term - Yes and good money for the effort of 30 minutes or less a day.
I always get amused by people saying you have to keep updating your forex trading strategy and keep a journal of losses and why they occurred etc. To complicated for me! If I lost that's fine you have to have losses to make gains and if the system isn't broke don't fix it.
I have the confidence to follow it, as know its logic and therefore have the discipline to follow it.
You can do it!
The above currency trading basic plan for profit will work for you, if you want it to.
You just have to learn the logic, settle on your indicators and you're all set to lock into the exciting world of global currency trading.
If there is one area of life where you can keep it simple its currency trading and the real key is to have the confidence and discipline to follow your plan.
by kelly Price
I have been a trader for 25 years and have seen all types of market and seen lots of innovations - but my forex trading strategy has NOT changed, it's still the same as it was 25 years ago and still works. I will share the logic of it with you here.
First - we have seen lots of changes in the last 25 years but understand this being clever and trying to make your trading strategy complicated is a mistake. Simple systems work best and always will.
Despite all the advances in technology over the last 25 years, the ratio of winners to losers still remains the same 95% lose 5% win, this shows technology has nothing to do with forex success.
You need a simple system, because its very robust complicated ones fail because they have too many elements to break.
Here is the logic of my system:
1. Look for Valid Support and Resistance
Yes good old trend lines then, check for a valid level - lots of tests, in lots of time frames. Next I wait for the level to break and new high or low to be made.
All the big trends come from breakouts and these are the moves to go for.
Most traders like to wait for the pullback but they never get in. By waiting for a better price they miss the move. Losers don't go with breakouts winners do.
2. Confirm the Trading Signal
You then need to see if the odds are on your side with the breakout so you check price momentum. There are lots of momentum indicators to help you time your move and get the velocity of price on your side. The ones you choose are a matter of personal preference but I like the ADX, RSI and stochastic. If my momentum calculation adds up I go with the break.
3. Stops
Stop below the breakout point and then trail the stop up behind random volatility not to get clipped out I like the 40 day MA.
That's it! Simple yes of course but it works for me. The real trick is being patient I only trade 1 - 2 times a month with this method and to take short term draw down trailing the stop.
Adapted to Swing Trading
If the market is not trending, I adopt the strategy to look for shorter term moves and swing trade i.e using momentum to trade the moves between support and resistance. When doing this there is no trailing stop, just a target.
This method was simply one I picked up from a commodity trader in the late seventies and after trying all sorts of methods, it's the one I settled on in the mid eighties and have used ever since. It works on commodities currencies and stock indexes.
Is it perfect? No, does it make money longer term - Yes and good money for the effort of 30 minutes or less a day.
I always get amused by people saying you have to keep updating your forex trading strategy and keep a journal of losses and why they occurred etc. To complicated for me! If I lost that's fine you have to have losses to make gains and if the system isn't broke don't fix it.
I have the confidence to follow it, as know its logic and therefore have the discipline to follow it.
You can do it!
The above currency trading basic plan for profit will work for you, if you want it to.
You just have to learn the logic, settle on your indicators and you're all set to lock into the exciting world of global currency trading.
If there is one area of life where you can keep it simple its currency trading and the real key is to have the confidence and discipline to follow your plan.
วันพุธที่ 14 พฤษภาคม พ.ศ. 2551
The Forex Assassin Review - Is This Forex Trading Bot Scam?
The Forex Assassin Review - Is This Forex Trading Bot Scam?
by Stan Smith
Are you interested to learn more about the Forex Assassin software, and whether it is really able generate a profit from the currency markets? The owners of this software claim that you can easily generate a home based income even if you have no prior knowledge. When traded wrongly, the currency market can cause anyone to lose a fortune quickly, so you should take the time to learn its basics first if you are a beginner, even if you have an advanced software like the Forex Assassin.
1. How Does Forex Assassin Work?
This trading system relies on only the price of each currency pair to determine your entry and exit points. It uses no other forms of indicators or charts, which is quite different from most other Forex trading systems. It is basically a set-and-forget system that requires no decision making on their users' parts, and is made for people who have a day job.
2. What Do You Need To Do Everyday To Run The Forex Assassin?
Firstly, you must establish the amount of capital you plan to commit to your trades. This allows the software to set your profit targets and run your trading plan according to your target profit. After that, you will need to take note of specified prices from the market in the weekend, and use the numbers as input for the system's formula through a spreadsheet that you download from the member's area. The spreadsheet's formula will then use the numbers you had entered and work out your profit and stop loss prices.
3. What Does The Forex Assassin Package Contain?
This system package contains a guide that details the step by step system that you will use to run every weekend. After that, you get to learn how to trade with a demo account as there is a guide that teaches you how to do this. If you have no experience trading currency, you can use the list of sites provided in the guide to start paper trading with the system.
by Stan Smith
Are you interested to learn more about the Forex Assassin software, and whether it is really able generate a profit from the currency markets? The owners of this software claim that you can easily generate a home based income even if you have no prior knowledge. When traded wrongly, the currency market can cause anyone to lose a fortune quickly, so you should take the time to learn its basics first if you are a beginner, even if you have an advanced software like the Forex Assassin.
1. How Does Forex Assassin Work?
This trading system relies on only the price of each currency pair to determine your entry and exit points. It uses no other forms of indicators or charts, which is quite different from most other Forex trading systems. It is basically a set-and-forget system that requires no decision making on their users' parts, and is made for people who have a day job.
2. What Do You Need To Do Everyday To Run The Forex Assassin?
Firstly, you must establish the amount of capital you plan to commit to your trades. This allows the software to set your profit targets and run your trading plan according to your target profit. After that, you will need to take note of specified prices from the market in the weekend, and use the numbers as input for the system's formula through a spreadsheet that you download from the member's area. The spreadsheet's formula will then use the numbers you had entered and work out your profit and stop loss prices.
3. What Does The Forex Assassin Package Contain?
This system package contains a guide that details the step by step system that you will use to run every weekend. After that, you get to learn how to trade with a demo account as there is a guide that teaches you how to do this. If you have no experience trading currency, you can use the list of sites provided in the guide to start paper trading with the system.
currency trading forex trading made easy
currency trading forex trading made easy
by Martin Venuir
Trading forex is often a difficult field in which to make money. Of course, like everything, there are winners and also losers. The losers end up losing thousands of dollars and crying to mommy while the winners end up winning big and moving onward and upward.
Nevertheless, it is in general agreement that if you really want to succeed in anything, you have to have the knowledge to do so. Trading forex is just like anything else in life, and I don't think that you will ever succeed unless you try.
These are my easy tips on how to get started in this lucrative opportunity:
-If you are a beginner, start with a demonstration account. This way, you get to learn the in's and out's of forex trading, and how it works.
-Start with a minimal amount. These days, a forex account can be established for as little as $250 in trading money.
-Be proactive in what you are doing and always continue to learn from your mistakes. Success doesn't come overnight, and you just cant possibly, realistically expect huge gains after one night. It simply doesn't happen.
-Make sure your equipment is reliable. The internet or your pc going out during a critical trade could cost you everything.
-Don't fall in love with anything! Just because a trade seems good time and time again, it doesn't mean anything. Keep on your toes and continue to watch.
-Contrary to the above, forex is considered a consistent market, but don't let that fool you!
-There is big money to be made, but always have a trading plan to stick to. Never shy away from your plan because it seems you will "profit" more. The safe route is always best.
So, those are some basic tips on how to make money using forex. I hope that you really take it to heart, or else you may find yourself losing tons of cash, fast. If you are really struggling, or want a quick start in forex trading, I recommend that you use Marcus Leary's software Forex Autopilot. This software analyzes the trends and also has the ability to trade automatically for you to ensure you get big profits and stick to your gameplan. Either way, forex is a learning process and you should treat it as such.
by Martin Venuir
Trading forex is often a difficult field in which to make money. Of course, like everything, there are winners and also losers. The losers end up losing thousands of dollars and crying to mommy while the winners end up winning big and moving onward and upward.
Nevertheless, it is in general agreement that if you really want to succeed in anything, you have to have the knowledge to do so. Trading forex is just like anything else in life, and I don't think that you will ever succeed unless you try.
These are my easy tips on how to get started in this lucrative opportunity:
-If you are a beginner, start with a demonstration account. This way, you get to learn the in's and out's of forex trading, and how it works.
-Start with a minimal amount. These days, a forex account can be established for as little as $250 in trading money.
-Be proactive in what you are doing and always continue to learn from your mistakes. Success doesn't come overnight, and you just cant possibly, realistically expect huge gains after one night. It simply doesn't happen.
-Make sure your equipment is reliable. The internet or your pc going out during a critical trade could cost you everything.
-Don't fall in love with anything! Just because a trade seems good time and time again, it doesn't mean anything. Keep on your toes and continue to watch.
-Contrary to the above, forex is considered a consistent market, but don't let that fool you!
-There is big money to be made, but always have a trading plan to stick to. Never shy away from your plan because it seems you will "profit" more. The safe route is always best.
So, those are some basic tips on how to make money using forex. I hope that you really take it to heart, or else you may find yourself losing tons of cash, fast. If you are really struggling, or want a quick start in forex trading, I recommend that you use Marcus Leary's software Forex Autopilot. This software analyzes the trends and also has the ability to trade automatically for you to ensure you get big profits and stick to your gameplan. Either way, forex is a learning process and you should treat it as such.
Great Forex Trading Advice
Great Forex Trading Advice
by Jason Roberts
The thousands of individuals who have resolved to enter the forex market should know that they should educate themselves first before they start. It is crucial to know the basics of forex trading to get into profit, but this knowledge is no guarantee. You need to know more than the basics to even have a fighting chance of being successful.
There are many methods to learn forex trading. You can join online services, enroll in a forex trading school, become an apprentice of a forex mentor, download an ebook, join a trading group, read books or do it alone. However, doing it alone involves a lot of risks especially for beginners.
From experience it is always best for novice traders to get training from a mentor or join a forex trading team. You are going to benefit from experienced instructors who are already trading forex in real time and compare notes, trends, charts, buy / sell decisions and more. You can check yourself against other people who have more experience than you. In this way, you are familiarized with real market trading. You are given the chance to see the actual processes and decisions which you can later on employ.
In the end you will come up with your own strategy and trading methodology that works for you and is suited for your own risk level, temperament, trading goals and trading experience.
Here are a couple of guidelines that new traders can follow to achieve success in the forex markets.
You need to know proper charting and mapping. Most forex brokers will supply you with a charting platform, but you need to know how those charts work and how to interpret them. You will need to be able to read forex market charts.
Discipline yourself. Traders who are disciplined by strictly following their developed methods even when losing period's strike, have a greater chance of making it in the long run.
Update your knowledge continuously. Successful traders are studying the forex market night and day and are constantly looking for new information and education all the time.
Trade in a team, this helps making decisions easier and could be the # 1 reason you find success. If you are trading in a highly specialized team who knows what they are doing you can measure yourself and your trading decisions against them and keep each other accountable for your trades.
Focus on what you do and do not jump around. This is probably the single biggest mistake that traders make, they jump from one opportunity and from one trading system to the next. They never stick with a single one and learn to trade that system well. There are thousands of ways to trade the market with an unlimited number of ways to combine signals, charts and trading methodologies. But do not try to trade and test each one of the thousands out there, stick with one that works and work it inside out until you can do it blindfolded. Once you are so familiar with it that you can do it in your sleep, you will start to learn when conditions for your system are right and be able to trade your chosen system with confidence and profit.
by Jason Roberts
The thousands of individuals who have resolved to enter the forex market should know that they should educate themselves first before they start. It is crucial to know the basics of forex trading to get into profit, but this knowledge is no guarantee. You need to know more than the basics to even have a fighting chance of being successful.
There are many methods to learn forex trading. You can join online services, enroll in a forex trading school, become an apprentice of a forex mentor, download an ebook, join a trading group, read books or do it alone. However, doing it alone involves a lot of risks especially for beginners.
From experience it is always best for novice traders to get training from a mentor or join a forex trading team. You are going to benefit from experienced instructors who are already trading forex in real time and compare notes, trends, charts, buy / sell decisions and more. You can check yourself against other people who have more experience than you. In this way, you are familiarized with real market trading. You are given the chance to see the actual processes and decisions which you can later on employ.
In the end you will come up with your own strategy and trading methodology that works for you and is suited for your own risk level, temperament, trading goals and trading experience.
Here are a couple of guidelines that new traders can follow to achieve success in the forex markets.
You need to know proper charting and mapping. Most forex brokers will supply you with a charting platform, but you need to know how those charts work and how to interpret them. You will need to be able to read forex market charts.
Discipline yourself. Traders who are disciplined by strictly following their developed methods even when losing period's strike, have a greater chance of making it in the long run.
Update your knowledge continuously. Successful traders are studying the forex market night and day and are constantly looking for new information and education all the time.
Trade in a team, this helps making decisions easier and could be the # 1 reason you find success. If you are trading in a highly specialized team who knows what they are doing you can measure yourself and your trading decisions against them and keep each other accountable for your trades.
Focus on what you do and do not jump around. This is probably the single biggest mistake that traders make, they jump from one opportunity and from one trading system to the next. They never stick with a single one and learn to trade that system well. There are thousands of ways to trade the market with an unlimited number of ways to combine signals, charts and trading methodologies. But do not try to trade and test each one of the thousands out there, stick with one that works and work it inside out until you can do it blindfolded. Once you are so familiar with it that you can do it in your sleep, you will start to learn when conditions for your system are right and be able to trade your chosen system with confidence and profit.
วันจันทร์ที่ 12 พฤษภาคม พ.ศ. 2551
The New IronRhino Forex Expert Advisor
The New IronRhino Forex Expert Advisor
by Jimmy Mack
I usually have a huge response to a new Forex Expert Advisor or a new Forex Trading System when I advertise it on my website. But there has been an absolute stampede for the new IronRhino EA now available. The difference from the other fantastic Expert Advisors we offer on our website, and our very own Expert Advisor, is that this incredibly profitable EA is totally free ! I will be pricing the IronRhinoEA in the $1200-$1500 range after we subscribe our first 200 subscribers. Many of the really good Forex Expert Advisors can run into the thousands, so do not wait or the free copies will be gone.
The IronRhino EA is a powerful expert advisor which analyzes the EUR/USD from multiple time frames using momentum and stochastics so you get the best possible entry point. Intelligent timing of trade execution with a precise profit target and stop loss is entered on each trade. This way you have the best chance to have a large winning trade. Using the IronRhino is very simple and requires no forex trading knowledge by the user. All of the logic is built in to IronRhino so the user needs only to attach it to one chart on the metatrader 4. You will be thrilled when you see the IronRhino EA in action, because this Beast will bring home the bacon, literally ! The IronRhino serves up profitable forex trades in any timeframe and in any market.
I have seen many fine Forex Expert Advisors and I am currently using a few of them right now to make a living trading the Forex Market every single day, but seeing the IronRhino EA Trading Beast in action, is a thing of beauty. This EA dances from winning trade to winning trade with an almost ghostly feel to it.
My team and I have been working on the IronRhinoEA for many many months to get it right. We are proud to offer this to you for a limited time for FREE ! If you have been searching for a new Forex Trading System or looking to try a new Expert Advisor that actually delivers month after month of sustained profits, the IronRhino EA just might be for you. I have also teamed up with one of the best Forex Broker Dealers to get the IronRhinoEA up and running in no time at all.
As an exclusive Referring Agent your our Forex Broker, we have taken all the hard work and negotiating out of requesting a Forex Trading Rebate. We want you to earn a large trading rebate and will prove it to you. We offer many professional Expert Advisors on our website for you to evaluate. We are also offering the incredible IronRhino EA for a limited time for FREE !
by Jimmy Mack
I usually have a huge response to a new Forex Expert Advisor or a new Forex Trading System when I advertise it on my website. But there has been an absolute stampede for the new IronRhino EA now available. The difference from the other fantastic Expert Advisors we offer on our website, and our very own Expert Advisor, is that this incredibly profitable EA is totally free ! I will be pricing the IronRhinoEA in the $1200-$1500 range after we subscribe our first 200 subscribers. Many of the really good Forex Expert Advisors can run into the thousands, so do not wait or the free copies will be gone.
The IronRhino EA is a powerful expert advisor which analyzes the EUR/USD from multiple time frames using momentum and stochastics so you get the best possible entry point. Intelligent timing of trade execution with a precise profit target and stop loss is entered on each trade. This way you have the best chance to have a large winning trade. Using the IronRhino is very simple and requires no forex trading knowledge by the user. All of the logic is built in to IronRhino so the user needs only to attach it to one chart on the metatrader 4. You will be thrilled when you see the IronRhino EA in action, because this Beast will bring home the bacon, literally ! The IronRhino serves up profitable forex trades in any timeframe and in any market.
I have seen many fine Forex Expert Advisors and I am currently using a few of them right now to make a living trading the Forex Market every single day, but seeing the IronRhino EA Trading Beast in action, is a thing of beauty. This EA dances from winning trade to winning trade with an almost ghostly feel to it.
My team and I have been working on the IronRhinoEA for many many months to get it right. We are proud to offer this to you for a limited time for FREE ! If you have been searching for a new Forex Trading System or looking to try a new Expert Advisor that actually delivers month after month of sustained profits, the IronRhino EA just might be for you. I have also teamed up with one of the best Forex Broker Dealers to get the IronRhinoEA up and running in no time at all.
As an exclusive Referring Agent your our Forex Broker, we have taken all the hard work and negotiating out of requesting a Forex Trading Rebate. We want you to earn a large trading rebate and will prove it to you. We offer many professional Expert Advisors on our website for you to evaluate. We are also offering the incredible IronRhino EA for a limited time for FREE !
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