Can You Make Enough Just Forex Trading?
by Danielle Franklin
I have been into forex trading for several years now and I have to admit that it took me some time to actually start earning enough trading online. It isn't as simple as it sounds, so there is a big if when it comes to whether you can earn enough just forex trading.
First of all, you have to be patient and know how to manage your money. Any irrational action from your part can lead to great risks. You have to be in control and not let others control you with either promotions or advices.
I personally still spend lot of time determining my targets, stop losses, entries and exists and I make these decisions based on the scientific basis of trading system or a trading technical analysis provided by the forex broker platform (taken to the account that it is a reliable forex broker!).
Most importantly, once you start trading don't quit your full time job yet. I mean, you have to make sure that forex trading is working for you. How long would it take for you to find another full time job? 3 months? 6 months? So I would suggest not quitting until your forex trading profits can cover the search-for-new-job period!
So, yes. Once again, it can be done. Serious money comes with the serious risk management practices! I never trade more then 10% from the available account but, hey, that's just me.
Once forex trading becomes your full time job you have to treat it as such. There is a schedule and rules and make sure you follow them and adjust yourself and your family live style accordingly. So if your girlfriend is begging for a month-trip to France, you have 3 options - let her go alone (bad idea!), take your laptop with you and trade during the vacation (not such a bad idea, but the girlfriend will HATE it, unless of course you can send her shopping with the newly earned cash! LOL!) or cut down the vacation days to... lets say... a week?!
And most of all don't be greedy. You cannot earn all the money in the world, even Bill Gates can't! So take the little you can and trade your way up!
ForexExplore - Forex brokers reviews and rating, comprehensive forex tutorials and articles, latest forex news and forex blog.
วันจันทร์ที่ 25 สิงหาคม พ.ศ. 2551
Trading Forex - what is next for Australian Dollar.
Trading Forex - what is next for Australian Dollar.
by Mike P. Kulej
This is a follow up to an article "Australian Dollar top" from late May this year. That article pointed to a major top forming on longer term charts and a strong possibility of a meaningful correction to 0.8600-0.8500 area in the AUD-USD pair. This target has been achieved in a very short time indeed.
At the time previous article was published, AUD was still a high flying currency. Most other ones had already slipped off of their highs against the US Dollar. New Zealand Dollar, Canadian Dollar, Swiss Franc and British pound had weakened a few weeks, or even months, before. By contrast, Australian Dollar was still making new higher highs. Ultimately, AUD also fell and did it by loosing 1200 pips in about five weeks. That's some move.
What is important to mention is that Aussie didn't simply join other currencies and weakened just against the USD. It was sold off broadly in all its crosses. Some of these losses were very large. EUR-AUD ran up over 1000 pips, AUD-JPY fell about 1000 pips as well. Even less moving crosses like AUD-CAD and AUD-CHF dropped 700+ and 500+ pips respectively. Perhaps most telling of all is the slide in AUD-NZD- over 800 pips!
All this despite interest rates of 7.25%, which gives AUD a positive rate differential in comparison with most other major currencies. As we have noticed, however, this hasn't been a strong factor in Forex trends this year. This is true for most other currency pairs, not just Australian Dollar crosses. One undeniable reasons behind AUD fall are softening prices for physical commodities. Oil, grains, gold and other metals have all retreated from their highs. Aussie, being a "commodities currency" was certainly influenced by these developments.
What can we expect next? From a fundamental point of view, this currency should continue its downward momentum. General consensus is that prices for raw materials should soften even more. Most major countries are reporting slowing down of their economies. This will put even more pressure on prices of commodities, leading to a cool down of Australian markets and farther weakness of AUD.
Fundamental analysis are very helpful in identifying broad trends, but of not much use to place actual trades. In order to decide on a potential trade parameters, like entry price, stop level and target, one has to use technical analysis. More precisely- charts. At the very least, fundamental outlook should be employed in conjuncture with charts, not as a stand alone tool.
As of this writing AUD-USD is just above 0.8600 level. This pretty much completes the first leg of the of the down move. Weekly and daily charts indicate sideways movement, with a correction of perhaps to as high as 0.9000 area, before the bear market resumes. Once that happens, second leg of the down move should resume with prices ultimately heading as low as 0.7800-0.7700 level. Projected time frame for this move is 4-6 months.
If the price progresses as expected, situation should be reevaluated once that level is reached. In the meantime there may be plenty opportunities to trade both sides of the market. As long as one remembers that longer term bias is to the down side. When that move comes it might just be as fast and steep as the last one. Stop loss is a must for any buy trades.
by Mike P. Kulej
This is a follow up to an article "Australian Dollar top" from late May this year. That article pointed to a major top forming on longer term charts and a strong possibility of a meaningful correction to 0.8600-0.8500 area in the AUD-USD pair. This target has been achieved in a very short time indeed.
At the time previous article was published, AUD was still a high flying currency. Most other ones had already slipped off of their highs against the US Dollar. New Zealand Dollar, Canadian Dollar, Swiss Franc and British pound had weakened a few weeks, or even months, before. By contrast, Australian Dollar was still making new higher highs. Ultimately, AUD also fell and did it by loosing 1200 pips in about five weeks. That's some move.
What is important to mention is that Aussie didn't simply join other currencies and weakened just against the USD. It was sold off broadly in all its crosses. Some of these losses were very large. EUR-AUD ran up over 1000 pips, AUD-JPY fell about 1000 pips as well. Even less moving crosses like AUD-CAD and AUD-CHF dropped 700+ and 500+ pips respectively. Perhaps most telling of all is the slide in AUD-NZD- over 800 pips!
All this despite interest rates of 7.25%, which gives AUD a positive rate differential in comparison with most other major currencies. As we have noticed, however, this hasn't been a strong factor in Forex trends this year. This is true for most other currency pairs, not just Australian Dollar crosses. One undeniable reasons behind AUD fall are softening prices for physical commodities. Oil, grains, gold and other metals have all retreated from their highs. Aussie, being a "commodities currency" was certainly influenced by these developments.
What can we expect next? From a fundamental point of view, this currency should continue its downward momentum. General consensus is that prices for raw materials should soften even more. Most major countries are reporting slowing down of their economies. This will put even more pressure on prices of commodities, leading to a cool down of Australian markets and farther weakness of AUD.
Fundamental analysis are very helpful in identifying broad trends, but of not much use to place actual trades. In order to decide on a potential trade parameters, like entry price, stop level and target, one has to use technical analysis. More precisely- charts. At the very least, fundamental outlook should be employed in conjuncture with charts, not as a stand alone tool.
As of this writing AUD-USD is just above 0.8600 level. This pretty much completes the first leg of the of the down move. Weekly and daily charts indicate sideways movement, with a correction of perhaps to as high as 0.9000 area, before the bear market resumes. Once that happens, second leg of the down move should resume with prices ultimately heading as low as 0.7800-0.7700 level. Projected time frame for this move is 4-6 months.
If the price progresses as expected, situation should be reevaluated once that level is reached. In the meantime there may be plenty opportunities to trade both sides of the market. As long as one remembers that longer term bias is to the down side. When that move comes it might just be as fast and steep as the last one. Stop loss is a must for any buy trades.
วันอาทิตย์ที่ 24 สิงหาคม พ.ศ. 2551
Best Forex Software for Consistent Profit
Best Forex Software for Consistent Profits
by Alex Cadens
Please read very carefully what I will share with you in the next few lines, because the quest for the best forex software can be a very disappointing one if you start looking in the wrong places.
The first and natural question you might have about this subject is whether a software can actually help you or not achieve the goal of a successful forex trading operation.
The answer to that question is, without a doubt, a big yes. However, let me warn you that very few forex softwares are reliable enough to trust them with your investment. This I had to learn the hard way, but thankfully I am still sanding and very tall I might add.
Now, which is the best forex software?
Before we get to that, you must know that there are basically two types of forex softwares, and which one is the best will be determined not only by its reliability and performance but by you personal situation.
There are forex softwares designed to provide you with trading signals (usually entry and exit points), and there are some of them that really work like a charm, but I personally don't like the fact that you need to be very attentive of what is happening within the forex market in order to take advantage of the good entry points signaled by the software. So achieving consistency with one of these systems is possible, but you have to dedicate some good time during the day, which is fine if you have it to spare, I just don't.
On the other hand, there are forex softwares designed not only to determine the best entry and exit points during a trading session, but also to place the trade orders and close them automatically for you. This means that you can profit all day and all night long without having to do absolutely anything, because in this case the software will do everything.
After having the chance to see first hand how both systems works, my verdict has to go in favor of the fully automated option, because it delivers the same great performance as the best forex trading signal kind of sofware (over 90% winning trades on average), only it goes completely on its own (that my friend is really sweet).
Indeed, if both softwares can deliver the goods, I will go for the one that demands less from me, so the best forex software has to definitely be the fully automated one.
Therefore, if you are thinking about starting a new forex trading operation, or simply want to enhance your current performance within the market by getting the help of the best forex software, I advise you to go for the automated option as this will save you costly mistakes and will increase your chances of catching the best entry points during the day or night, no matter how busy you are.
by Alex Cadens
Please read very carefully what I will share with you in the next few lines, because the quest for the best forex software can be a very disappointing one if you start looking in the wrong places.
The first and natural question you might have about this subject is whether a software can actually help you or not achieve the goal of a successful forex trading operation.
The answer to that question is, without a doubt, a big yes. However, let me warn you that very few forex softwares are reliable enough to trust them with your investment. This I had to learn the hard way, but thankfully I am still sanding and very tall I might add.
Now, which is the best forex software?
Before we get to that, you must know that there are basically two types of forex softwares, and which one is the best will be determined not only by its reliability and performance but by you personal situation.
There are forex softwares designed to provide you with trading signals (usually entry and exit points), and there are some of them that really work like a charm, but I personally don't like the fact that you need to be very attentive of what is happening within the forex market in order to take advantage of the good entry points signaled by the software. So achieving consistency with one of these systems is possible, but you have to dedicate some good time during the day, which is fine if you have it to spare, I just don't.
On the other hand, there are forex softwares designed not only to determine the best entry and exit points during a trading session, but also to place the trade orders and close them automatically for you. This means that you can profit all day and all night long without having to do absolutely anything, because in this case the software will do everything.
After having the chance to see first hand how both systems works, my verdict has to go in favor of the fully automated option, because it delivers the same great performance as the best forex trading signal kind of sofware (over 90% winning trades on average), only it goes completely on its own (that my friend is really sweet).
Indeed, if both softwares can deliver the goods, I will go for the one that demands less from me, so the best forex software has to definitely be the fully automated one.
Therefore, if you are thinking about starting a new forex trading operation, or simply want to enhance your current performance within the market by getting the help of the best forex software, I advise you to go for the automated option as this will save you costly mistakes and will increase your chances of catching the best entry points during the day or night, no matter how busy you are.
Generate Your Own Forex Signal In The Very Lucrative Forex Market
Generate Your Own Forex Signal In The Very Lucrative Forex Market
by Jon Arnold
One of the big reasons the forex market is so popular is because it never stops, and is available around the clock on the foreign currency exchanges. But despite the popularity of forex, very few are successful with forex trading because of the huge commitment in time and effort to analyze the mountains of data that need to be considered when negotiating a forex trade. Nobody can possibly do an accurate job of monitoring them all at once, especially with the constantly changing information.
Some brokers offer what is known as a forex signal to their subscribers. Yes, it costs money to become a subscriber. These forex signals are simply recommendations from that forex broker to buy or sell, and these signals are generated pretty much automatically based on their own complex algorithms as well as their knowledge of the forex market. An example of such a signal might be something like "The EUR/USD bid is currently at 1.6528 and declining, buy now but sell when it gets to 1.6218".
Sometimes these signals are free, sometimes they come with a subscription, but even so, keep in mind that a particular signal is being sent to hundreds, even thousands of people at the same time. Are you starting to see the problem?
The problem with this is that you are simply taking their word for it. You have no basis for this, and if you as a forex trader are getting this signal, so is each and every one of their other subscribers. If that same message is sent to several thousand forex traders who might be subscribers for this broker, doesn't it just make logical sense that your profits are going to be minimized? Think about it â€" if were as easy as just following the signal sent by your forex broker, why wouldn't everybody and their brother be doing this?
This is not to downplay the role of a forex broker, not at all, since they have their place and can provide a valuable service to their member traders. But you need to realize that the much bigger money to be made in forex trading is learning to analyze the forex market yourself and learn to generate your own signals for trading based on the experience you gain from your analysis of all the data available.
But wait a minute, didn't you just say there was a virtual mountain of data that should be analyzed to make an intelligent trade decision? Yes that is true, which is where you need to seriously consider moving into the 21st century and making use of the electronic and technology tools available to you that will do all those hours of analysis for you, and just present you with a bottom line recommendation, which is backed up by research.
If you are serious about your forex trading and want to use it seriously as a source of very respectable income as opposed to a part time hobby, your best bet is to get some forex analysis software for your computer. The hours of tedious data analysis can be accomplished in a matter of seconds, and then you can generate your own forex signal, which you can then keep to yourself, as well as keeping the much larger profits for yourself.
The serious forex traders do this and it is highly recommended for anyone who wants to make a serious income with the foreign exchange currencies market. Make a commitment to yourself that you will become a student of your passion and start earning the kind of income you have been looking for. Start slowly but your speed will be greatly increased by understanding the recommendations provided by your forex auto pilot system.
by Jon Arnold
One of the big reasons the forex market is so popular is because it never stops, and is available around the clock on the foreign currency exchanges. But despite the popularity of forex, very few are successful with forex trading because of the huge commitment in time and effort to analyze the mountains of data that need to be considered when negotiating a forex trade. Nobody can possibly do an accurate job of monitoring them all at once, especially with the constantly changing information.
Some brokers offer what is known as a forex signal to their subscribers. Yes, it costs money to become a subscriber. These forex signals are simply recommendations from that forex broker to buy or sell, and these signals are generated pretty much automatically based on their own complex algorithms as well as their knowledge of the forex market. An example of such a signal might be something like "The EUR/USD bid is currently at 1.6528 and declining, buy now but sell when it gets to 1.6218".
Sometimes these signals are free, sometimes they come with a subscription, but even so, keep in mind that a particular signal is being sent to hundreds, even thousands of people at the same time. Are you starting to see the problem?
The problem with this is that you are simply taking their word for it. You have no basis for this, and if you as a forex trader are getting this signal, so is each and every one of their other subscribers. If that same message is sent to several thousand forex traders who might be subscribers for this broker, doesn't it just make logical sense that your profits are going to be minimized? Think about it â€" if were as easy as just following the signal sent by your forex broker, why wouldn't everybody and their brother be doing this?
This is not to downplay the role of a forex broker, not at all, since they have their place and can provide a valuable service to their member traders. But you need to realize that the much bigger money to be made in forex trading is learning to analyze the forex market yourself and learn to generate your own signals for trading based on the experience you gain from your analysis of all the data available.
But wait a minute, didn't you just say there was a virtual mountain of data that should be analyzed to make an intelligent trade decision? Yes that is true, which is where you need to seriously consider moving into the 21st century and making use of the electronic and technology tools available to you that will do all those hours of analysis for you, and just present you with a bottom line recommendation, which is backed up by research.
If you are serious about your forex trading and want to use it seriously as a source of very respectable income as opposed to a part time hobby, your best bet is to get some forex analysis software for your computer. The hours of tedious data analysis can be accomplished in a matter of seconds, and then you can generate your own forex signal, which you can then keep to yourself, as well as keeping the much larger profits for yourself.
The serious forex traders do this and it is highly recommended for anyone who wants to make a serious income with the foreign exchange currencies market. Make a commitment to yourself that you will become a student of your passion and start earning the kind of income you have been looking for. Start slowly but your speed will be greatly increased by understanding the recommendations provided by your forex auto pilot system.
The Reality of Forex Markets - Someone Needs to Say It
The Reality of Forex Markets - Someone Needs to Say It
by Adam Hefner
By now I know that you the reader have scoured the search engines trying to find out how forex is the next millionaire ticket to financial freedom. It's like clock work that everyone visits this same introduction to forex trading.
What a lot do not realize is that the forex image is controlled by a majority of smart marketers. Deception of how the markets really work out are provided in the masses. True there is some truth told but most of the bad is skewed and left out. This is a very difficult thing for a beginner because this information is the foundation of what they learn.
Forex markets work the same as any other market in the world. True there is different information that provides the base of the certain market but they all operate in the same manner. So what is the big secret that lies behind how the currency market works? Supply and demand. Yup, a simple economic principle is the over laying factor in price movement.
If you understand supply and demand then you can understand why there are fluctuations in price. Take this for eg. The price of one Euro equals the price of 1.50 US Dollars. Say Bill Gates comes along and decides he wants to purchase billions of Euros at that price. What happens to the supply of the Euros? And what happens for the demand of Euros when the supply gets low? So when demand goes up, whats the basic principle of supply and demand. Prices go up.
There is what you see on the charts when prices go up. Vice versa when prices go down. When you have a consolidated movement of price then there is a equilibrium in supply and demand. That means that for every buy order, it is matched with a sell order and that the breach of demand hasn't changed either way.
This concept isn't holy grail system but more of a truth to see what the market really is. Indicators, candle patterns are all tools that really when it gets down to it, just something for the trader to visualize so they have more confidence in they're trade.
The reality behind the forex market is that the money is there to be made but you have to question why the consensus that 90% fail is still in stand since markets began.
by Adam Hefner
By now I know that you the reader have scoured the search engines trying to find out how forex is the next millionaire ticket to financial freedom. It's like clock work that everyone visits this same introduction to forex trading.
What a lot do not realize is that the forex image is controlled by a majority of smart marketers. Deception of how the markets really work out are provided in the masses. True there is some truth told but most of the bad is skewed and left out. This is a very difficult thing for a beginner because this information is the foundation of what they learn.
Forex markets work the same as any other market in the world. True there is different information that provides the base of the certain market but they all operate in the same manner. So what is the big secret that lies behind how the currency market works? Supply and demand. Yup, a simple economic principle is the over laying factor in price movement.
If you understand supply and demand then you can understand why there are fluctuations in price. Take this for eg. The price of one Euro equals the price of 1.50 US Dollars. Say Bill Gates comes along and decides he wants to purchase billions of Euros at that price. What happens to the supply of the Euros? And what happens for the demand of Euros when the supply gets low? So when demand goes up, whats the basic principle of supply and demand. Prices go up.
There is what you see on the charts when prices go up. Vice versa when prices go down. When you have a consolidated movement of price then there is a equilibrium in supply and demand. That means that for every buy order, it is matched with a sell order and that the breach of demand hasn't changed either way.
This concept isn't holy grail system but more of a truth to see what the market really is. Indicators, candle patterns are all tools that really when it gets down to it, just something for the trader to visualize so they have more confidence in they're trade.
The reality behind the forex market is that the money is there to be made but you have to question why the consensus that 90% fail is still in stand since markets began.
An Introduction to the Crazy Forex Market
An Introduction to the Crazy Forex Market
by john
Forex trading has taken the world by storm. Millions of people attempt to make their fortune on the Forex market. These trades (trading onboard internet platforms) are non-delivery trades, i.e., currencies are not physically traded, but rather there are currency contracts which are agreed upon and performed. Both parties to such contracts ( the trader and the trading platform ) undertake to fulfill their obligations: one side undertakes to sell the amount specified, and the other undertakes to buy it. This trading is a very specialized form of day trading . Although this leverage creates the potential for enormous profits, it can also open the door to huge losses.
Forex is online currency trading or online foreign exchange. This trading requires access to lots of data, and sophisticted software to analyse that data, in real time. It would be a mistake to use a Forex platform that presents cute pictures of stereotyped country citizens running along as a primary user interface (UI). Fx Economic Calendar does not provide investment advice, and does not represent that any of the information or related analysis is accurate or complete at any time.
Traders are able to trade at any convenient time, no matter where their location. Furthermore, fx traders can always react quickly to any market altering news. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets. This enables traders to take positions anticipating the impact on the exchange rate of important news items. Trade without emotion - Don't keep "mental" stop-loss points if you don't have the ability to execute them on time. Always set your stop-loss and take-profit points to execute automatically, and don't change them unless absolutely necessary.
by john
Forex trading has taken the world by storm. Millions of people attempt to make their fortune on the Forex market. These trades (trading onboard internet platforms) are non-delivery trades, i.e., currencies are not physically traded, but rather there are currency contracts which are agreed upon and performed. Both parties to such contracts ( the trader and the trading platform ) undertake to fulfill their obligations: one side undertakes to sell the amount specified, and the other undertakes to buy it. This trading is a very specialized form of day trading . Although this leverage creates the potential for enormous profits, it can also open the door to huge losses.
Forex is online currency trading or online foreign exchange. This trading requires access to lots of data, and sophisticted software to analyse that data, in real time. It would be a mistake to use a Forex platform that presents cute pictures of stereotyped country citizens running along as a primary user interface (UI). Fx Economic Calendar does not provide investment advice, and does not represent that any of the information or related analysis is accurate or complete at any time.
Traders are able to trade at any convenient time, no matter where their location. Furthermore, fx traders can always react quickly to any market altering news. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets. This enables traders to take positions anticipating the impact on the exchange rate of important news items. Trade without emotion - Don't keep "mental" stop-loss points if you don't have the ability to execute them on time. Always set your stop-loss and take-profit points to execute automatically, and don't change them unless absolutely necessary.
วันพุธที่ 13 สิงหาคม พ.ศ. 2551
Global Forex Trading Capital
Global Forex Trading Capital
by Tyler Ziggler
My global forex trading is a much more impressive capital that you obtain. You'll notice one of the big things about investing is how easy it is to liquidate. When you need money fast, you don't want to be stuck with stuff that doesn't turn into money fast. Look a real estate, it can take months to liquidate. But in the currency market, you're trading money, so it's as liquid as it gets. I'm going to show you exactly what you need to do to be a profitable trader.
Protecting your money is an important part of global forex trading. You can't always have a perfect trade, so there is always some associated risk. Being able to reduce the amount of damage a bad trade does is important. The most cliche and easiest method for this is cutting your losses. It is so simple, but most people won't apply it. They assume if they cut their losses, it'll go back up and they'll miss out. In reality that doesn't happen that often and over the long run of applying this strategy, you'll end up much further ahead.
Automated software is an important tool for profitable trading over the long term. A lot of traders like to go do it themselves, but trust me, you're wasting a lot of time doing this. Analyzing currency graphs is a very tedious and systematic process. Software is designed to do such things. They can find much more profitable currencies in less time. All you have to do is check over the leads to make sure everything is good and go for it.
by Tyler Ziggler
My global forex trading is a much more impressive capital that you obtain. You'll notice one of the big things about investing is how easy it is to liquidate. When you need money fast, you don't want to be stuck with stuff that doesn't turn into money fast. Look a real estate, it can take months to liquidate. But in the currency market, you're trading money, so it's as liquid as it gets. I'm going to show you exactly what you need to do to be a profitable trader.
Protecting your money is an important part of global forex trading. You can't always have a perfect trade, so there is always some associated risk. Being able to reduce the amount of damage a bad trade does is important. The most cliche and easiest method for this is cutting your losses. It is so simple, but most people won't apply it. They assume if they cut their losses, it'll go back up and they'll miss out. In reality that doesn't happen that often and over the long run of applying this strategy, you'll end up much further ahead.
Automated software is an important tool for profitable trading over the long term. A lot of traders like to go do it themselves, but trust me, you're wasting a lot of time doing this. Analyzing currency graphs is a very tedious and systematic process. Software is designed to do such things. They can find much more profitable currencies in less time. All you have to do is check over the leads to make sure everything is good and go for it.
Automated Forex Trading - Forex Tracer Reviewed
Automated Forex Trading - Forex Tracer Reviewed
by Ben Sharp
Forex trading systems are becoming very popular nowadays. Just like many of the other 'forex trading systems' 'Forex Tracer' doesn't require any previous knowledge of trading on the forex market.
Forex Tracer is completely legal and safe to use. The cool thing about Forex Tracer is that it buys and sells automatically for you. No, you do not even need to learn the forex system in order to make money with this product.
Forex Tracer was tested and tested again to prove that it could produce great results for you on a regular basis. In varying market conditions Forex Tracer made in the ballpark of $25k to $335k. Yes, that's thousands of dollars. The longest streak of winning trades that Forex Tracer has made was 53, but the average is around 19 or so. With those odds that's thousands of dollars that you would be pocketing without lifting a finger. Forex Tracer does it all for you.
One of my personal favorites that Forex Tracer does is that it gives you the ability to open up a "demo account". You can test the market and what Forex Tracer would do without the risk of your money being involved. I personally love it. I actually used it in for a while until I felt comfortable in investing my real money.
The creators of Forex Tracer are very confident that you will make money with it that they've even put a money-back guarantee. So if it doesn't do what you think it will you can return it for a refund. Believe me though it does everything you can imagine and more.
by Ben Sharp
Forex trading systems are becoming very popular nowadays. Just like many of the other 'forex trading systems' 'Forex Tracer' doesn't require any previous knowledge of trading on the forex market.
Forex Tracer is completely legal and safe to use. The cool thing about Forex Tracer is that it buys and sells automatically for you. No, you do not even need to learn the forex system in order to make money with this product.
Forex Tracer was tested and tested again to prove that it could produce great results for you on a regular basis. In varying market conditions Forex Tracer made in the ballpark of $25k to $335k. Yes, that's thousands of dollars. The longest streak of winning trades that Forex Tracer has made was 53, but the average is around 19 or so. With those odds that's thousands of dollars that you would be pocketing without lifting a finger. Forex Tracer does it all for you.
One of my personal favorites that Forex Tracer does is that it gives you the ability to open up a "demo account". You can test the market and what Forex Tracer would do without the risk of your money being involved. I personally love it. I actually used it in for a while until I felt comfortable in investing my real money.
The creators of Forex Tracer are very confident that you will make money with it that they've even put a money-back guarantee. So if it doesn't do what you think it will you can return it for a refund. Believe me though it does everything you can imagine and more.
Forex Killer Tips For Success
Forex Killer Tips For Success
by Ben Sharp
Forex Killer has established itself as one of the dominant and most used Forex software in the world today. It is used by thousands of traders from various countries from all around the world. The reviews of Forex Killer are impressive, as well as the testing results of this program. However, there are some things that you can do wrong with this software that can affect your bottom line.
Forex Killer Tips
1. Don't trade according to news or tips - One of the greatest dangers a trader can face is the endless stream of unfounded tips which you can read in the forums or even on street corners. Beware of trying to use Forex Killer to trade according to tips or for following the recent news. If it's in the news, it's already old news.
2. Don't monitor the market ceaselessly - Using a software like Forex Killer is supposed to free you from the necessity of constantly monitoring the market. Furthermore, you may cause yourself harm by studying the market too much because you're putting yourself in a stressful position and may make emotional mistakes like getting out of a trade too soon.
3. Trust the program - If you make the choice of using Forex Killer like thousands of others, you need to trust it to work for you. This means that, while you can use your discretion, you need to let the software work for you. If you don't then you're hurting your chances of making more money with Forex Killer.
4. Read the manuals carefully - The Forex Killer manual isn't perfect, but it can help you learn how to operate the software better. To put it plainly: read the manual carefully before beginning to work with the software.
by Ben Sharp
Forex Killer has established itself as one of the dominant and most used Forex software in the world today. It is used by thousands of traders from various countries from all around the world. The reviews of Forex Killer are impressive, as well as the testing results of this program. However, there are some things that you can do wrong with this software that can affect your bottom line.
Forex Killer Tips
1. Don't trade according to news or tips - One of the greatest dangers a trader can face is the endless stream of unfounded tips which you can read in the forums or even on street corners. Beware of trying to use Forex Killer to trade according to tips or for following the recent news. If it's in the news, it's already old news.
2. Don't monitor the market ceaselessly - Using a software like Forex Killer is supposed to free you from the necessity of constantly monitoring the market. Furthermore, you may cause yourself harm by studying the market too much because you're putting yourself in a stressful position and may make emotional mistakes like getting out of a trade too soon.
3. Trust the program - If you make the choice of using Forex Killer like thousands of others, you need to trust it to work for you. This means that, while you can use your discretion, you need to let the software work for you. If you don't then you're hurting your chances of making more money with Forex Killer.
4. Read the manuals carefully - The Forex Killer manual isn't perfect, but it can help you learn how to operate the software better. To put it plainly: read the manual carefully before beginning to work with the software.
Forex Training - Fundamental Strategies, Technical Analysis and Risk Management Techniques
Forex Training - Fundamental Strategies, Technical Analysis and Risk Management Techniques
by Arkaitz Arteaga
Forex is the biggest market in the world in terms of the amount of money transacted. There are several huge players in the market. These are knowledgeable professionals who trade in these markets for various financial institutions, hedge funds, brokerages etc. If you, as an individual trader, want to profit from trading in the market, then you have to know the various strategies the traders use to trade in the market.
You can learn all these strategies either by learning the various steps yourself or by joining a training course. If you decide to learn on your own, then you may require some time before you get the hang of using them or before you formulate some strategies of your own. If you decide to join a training course, then you can learn all the strategies from an experienced trader and learn to use these strategies in the market during the course itself.
There are several training institutes out there who have associated themselves with the best forex dealers in the market currently. These institutes bring you up to speed with all the latest tools being used in the market these days. They will help you evolve your own trading strategies that you can use to make profits in the market. Some of the institutes also allow you to trade on some of the best platforms with the best traders that these institutes have associated themselves with. The institutes help you in learning the fundamentals of devising your own strategy. They will teach all the basic terms and definitions and update you with the latest developments in technical analysis. They stress on risk management as this is one of the most fundamental factors of forex trading.
Different levels of courses are offered by these institutes. Most of the courses are aimed at the novice trader where they teach you all the basic concept and strategies. In the advanced courses, complex strategies are discussed and its use is practised. They will also teach you various risk management strategies and money management techniques. They build the psychological edge you need to succeed while trading in the forex market. They also have courses aimed at the various corporate who want to protect their exposure to the foreign currency by building positions in the market that hedges their various foreign currency exposures.
These institutes also offer you the choice of learning through the internet which are also known as virtual classrooms or through various physical classrooms. You can choose any of the above options depending upon the one which will suit you the most. If you feel like you need one-to-one coaching and help while trading in the markets then the physical classroom is the choice to make. Another advantage of choosing physical classroom is the amount of networking that you can do while attending the course. This will stand in good stead as you will be able to discuss any future trades with these people.
Forex training is really useful and any opportunity to attend such a training course should not be wasted. If you want to trade in the forex market and make money but you are unsure of yourself, then you should attend a training course as this will put you in the path to making large amounts of profits.
by Arkaitz Arteaga
Forex is the biggest market in the world in terms of the amount of money transacted. There are several huge players in the market. These are knowledgeable professionals who trade in these markets for various financial institutions, hedge funds, brokerages etc. If you, as an individual trader, want to profit from trading in the market, then you have to know the various strategies the traders use to trade in the market.
You can learn all these strategies either by learning the various steps yourself or by joining a training course. If you decide to learn on your own, then you may require some time before you get the hang of using them or before you formulate some strategies of your own. If you decide to join a training course, then you can learn all the strategies from an experienced trader and learn to use these strategies in the market during the course itself.
There are several training institutes out there who have associated themselves with the best forex dealers in the market currently. These institutes bring you up to speed with all the latest tools being used in the market these days. They will help you evolve your own trading strategies that you can use to make profits in the market. Some of the institutes also allow you to trade on some of the best platforms with the best traders that these institutes have associated themselves with. The institutes help you in learning the fundamentals of devising your own strategy. They will teach all the basic terms and definitions and update you with the latest developments in technical analysis. They stress on risk management as this is one of the most fundamental factors of forex trading.
Different levels of courses are offered by these institutes. Most of the courses are aimed at the novice trader where they teach you all the basic concept and strategies. In the advanced courses, complex strategies are discussed and its use is practised. They will also teach you various risk management strategies and money management techniques. They build the psychological edge you need to succeed while trading in the forex market. They also have courses aimed at the various corporate who want to protect their exposure to the foreign currency by building positions in the market that hedges their various foreign currency exposures.
These institutes also offer you the choice of learning through the internet which are also known as virtual classrooms or through various physical classrooms. You can choose any of the above options depending upon the one which will suit you the most. If you feel like you need one-to-one coaching and help while trading in the markets then the physical classroom is the choice to make. Another advantage of choosing physical classroom is the amount of networking that you can do while attending the course. This will stand in good stead as you will be able to discuss any future trades with these people.
Forex training is really useful and any opportunity to attend such a training course should not be wasted. If you want to trade in the forex market and make money but you are unsure of yourself, then you should attend a training course as this will put you in the path to making large amounts of profits.
วันจันทร์ที่ 11 สิงหาคม พ.ศ. 2551
Forex Brokers by Javid Shaik
Forex Brokers
by Javid Shaik
Forex brokers are in abundance and that makes it very hard for someone new to forex trading to decide which is the right company to go with.
First off, I am not an Introducing Broker or affiliated with any forex broker. An Introducing Broker otherwise know as IB or an affiliate is a person or organization promoting the broker in return for some form of commission either once off or ongoing. I have previously promoted a particular company from my website but soon realized that this is not in the best interest of my readers and now do not promote any forex brokers. Quite often IB's or affiliates will advertise brokers on their websites as graphics. I was on a seminar where the seminar company was heavily promoting a broker and offering all sorts of freebies if we signed up this weekend. It was clear they were some how associated with the broker and they were serving their own needs and not the seminar attendees requirements.
Never rush into signing up with a broker. You wouldnt buy a car without knowing something about it so don't rush into opening a broker account without knowing more about them.
Choosing a forex broker can be confusing but here are some tips to help you identify the qualities your broker should have.
Low Spreads: The spreads is the difference between the buy price and sell price and is measured in pips. Compare spreads across a few brokers and look for the brokers with smaller spreads.
Accounts: New forex traders should look to start trading with either a Micro or Mini account. Once experienced then a trader can move onto a Standard account. Your broker should offer a micro or mini account.
Regulation: The forex broker should be registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CTFC).
Customer Service and Speed: Trading in forex is available 24 hours a day from Sunday evening until Friday evening. Customer service should be open during these exact times. Try calling the trading desk or helpdesk to see if they are open and check the speed at which they answer the phone. When in a trade the last thing a forex trader wants is to be kept waiting for the phone to be answered.
Trading Platform: If you use many different computers you may prefer the trading platform that is web based. If you will be trading from just one computer all the time then downloading and installing the software to your computer will be fine. Check to see if your broker is software based or web based. Some brokers offer both options which would be the better option.
How Many Currencies: Check to see what currencies they offer trading on. As a guidance confirm they trade most of the major pairs and all the ones that you may like to trade in addition.
Leverage: How much leverage does the broker offer? For inexperienced traders using mini accounts should not use too much leverage and 100:1 would be adequate in most cases.
Money: Check what the procedure is to fund your account and also to withdraw your profits including the time it takes to do both.
Tools: What tools are offered with the account? Some brokers offer an array of charting tools and although useful and well worth having I do not recommend relying on these solely for your trading. You get what you pay for and even though any free tools offered with the trading account is always great, a trader needs to invest in good tools to become a good trader. You can read more about the tools I use on my blog.
The above is just a guideline to help choosing the right broker. Dynamic Trader offers a forex blog for traders providing free forex lessons.
by Javid Shaik
Forex brokers are in abundance and that makes it very hard for someone new to forex trading to decide which is the right company to go with.
First off, I am not an Introducing Broker or affiliated with any forex broker. An Introducing Broker otherwise know as IB or an affiliate is a person or organization promoting the broker in return for some form of commission either once off or ongoing. I have previously promoted a particular company from my website but soon realized that this is not in the best interest of my readers and now do not promote any forex brokers. Quite often IB's or affiliates will advertise brokers on their websites as graphics. I was on a seminar where the seminar company was heavily promoting a broker and offering all sorts of freebies if we signed up this weekend. It was clear they were some how associated with the broker and they were serving their own needs and not the seminar attendees requirements.
Never rush into signing up with a broker. You wouldnt buy a car without knowing something about it so don't rush into opening a broker account without knowing more about them.
Choosing a forex broker can be confusing but here are some tips to help you identify the qualities your broker should have.
Low Spreads: The spreads is the difference between the buy price and sell price and is measured in pips. Compare spreads across a few brokers and look for the brokers with smaller spreads.
Accounts: New forex traders should look to start trading with either a Micro or Mini account. Once experienced then a trader can move onto a Standard account. Your broker should offer a micro or mini account.
Regulation: The forex broker should be registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CTFC).
Customer Service and Speed: Trading in forex is available 24 hours a day from Sunday evening until Friday evening. Customer service should be open during these exact times. Try calling the trading desk or helpdesk to see if they are open and check the speed at which they answer the phone. When in a trade the last thing a forex trader wants is to be kept waiting for the phone to be answered.
Trading Platform: If you use many different computers you may prefer the trading platform that is web based. If you will be trading from just one computer all the time then downloading and installing the software to your computer will be fine. Check to see if your broker is software based or web based. Some brokers offer both options which would be the better option.
How Many Currencies: Check to see what currencies they offer trading on. As a guidance confirm they trade most of the major pairs and all the ones that you may like to trade in addition.
Leverage: How much leverage does the broker offer? For inexperienced traders using mini accounts should not use too much leverage and 100:1 would be adequate in most cases.
Money: Check what the procedure is to fund your account and also to withdraw your profits including the time it takes to do both.
Tools: What tools are offered with the account? Some brokers offer an array of charting tools and although useful and well worth having I do not recommend relying on these solely for your trading. You get what you pay for and even though any free tools offered with the trading account is always great, a trader needs to invest in good tools to become a good trader. You can read more about the tools I use on my blog.
The above is just a guideline to help choosing the right broker. Dynamic Trader offers a forex blog for traders providing free forex lessons.
Basic Strategies For Successful With Stock Market Investing
Basic Strategies For Successful With Stock Market Investing
by T Le
Investing in stock market online puts you directly in control of your financial future. Investing is so easy online, that even a baby can do it. Stock market investing is a passion, and online trading makes it easy to commit a crime of passion if you buy into any security blindly. Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. Open an account, make the right move and start enjoying the speed, security and reliability of online investing. But how you use margin information is more important to your investing success. You need no signatures or proof of identity for investing. Once you place a request for investing in a particular fund, there are no manual processes involved. The online world of investing largely eliminates all the major hassles of investing from analysis and tools to virtually no paperwork involved.
Trading stock market has become big business, and the Internet has helped many businesses achieve a great deal of success. Stock trading has unlocked the secrets of the trading floor for budding investors worldwide. Online trading is the process of exchanging financial instruments stocks and bonds through the Internet.
Invest in stock market allows you to conduct investment transactions over the internet. It can be distinguished from wireless trading, a nascent area of service where brokerage customers can trade via cell phones, pagers, and hand-held organizers. Online trading investors have the ability to view their account and execute trade orders through the NetEx Client Select online investment center. Online trading gives both beginners who've just had a single day trading course and advanced traders an opportunity to trade stocks, options, forex and futures all over the world without physical presence of a broker and with much lower commissions, because everything is done online. We can say, online stock trading is simple, secure, cost-effective, flexible and liquid. Online trading levels the playing field for the private investor and gives you the opportunity to take on and possibly beat the professionals for a fraction of the cost. It also lets brokerage firms automate their order placement process, thereby economizing on personnel time and effort
Online stock trading is an explosive growth market. It gives investor an immediate chance to participate in a market that was limited to only a few in the past. It also gives the investor the opportunity to place a trade that previously had to be done by a broker, but trading fees can be more complicated and expensive then they appear.
Online investment services offer consumers the opportunity to invest with lower commissions and fees which means you bring more of the money home when all is said and done and spend far less on fees and expenses associated with investing. Online trading involves large volumes of data being transacted everyday. It is the investment activity that takes place over the Internet without the physical inclusion of the broker. Online trading is an easy way to play the game.
Stocks, bonds, options, futures and currencies can all be traded online. Stock online trading is based on buying and selling stocks. Stock option online trading is based on buying and selling options and very perspective financial products. Stock broking has become a rather brutal business. Stock market is still a great place to invest, however not all types of stock is suitable for this.
Brokers buy and sell stocks through an exchange, charging a commission to do so. A broker is simply a person who is licensed to trade stocks through the exchange. An exchange is like a warehouse in which people buy and sell stocks. You still use real money, but instead of talking to someone about investments, you decide which stocks to buy and sell, and you request your trades yourself. With a click of mouse, you can buy and sell stocks from more than 100 online brokers offering executions as low as $5 per transaction. To avoid buying or selling a stock at a price higher or lower than you wanted, you need to place a limit order rather than a market order.
Online stock trading has given anyone who has a computer, enough money to open an account and a reasonably good financial history the ability to invest in the market. Find out which online trading sites are doing the best job. But as anyone who has ever seriously attempted online trading will probably tell you, it's just not as easy as it sounds. Although online trading saves investors time and money, it does not take the homework out of making investment decisions. Online trading is not something you should enter into lightly. Online trading is great but you will find that it lacks the personal service you can expect from a financial advisor or a stockbroker.
by T Le
Investing in stock market online puts you directly in control of your financial future. Investing is so easy online, that even a baby can do it. Stock market investing is a passion, and online trading makes it easy to commit a crime of passion if you buy into any security blindly. Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. Open an account, make the right move and start enjoying the speed, security and reliability of online investing. But how you use margin information is more important to your investing success. You need no signatures or proof of identity for investing. Once you place a request for investing in a particular fund, there are no manual processes involved. The online world of investing largely eliminates all the major hassles of investing from analysis and tools to virtually no paperwork involved.
Trading stock market has become big business, and the Internet has helped many businesses achieve a great deal of success. Stock trading has unlocked the secrets of the trading floor for budding investors worldwide. Online trading is the process of exchanging financial instruments stocks and bonds through the Internet.
Invest in stock market allows you to conduct investment transactions over the internet. It can be distinguished from wireless trading, a nascent area of service where brokerage customers can trade via cell phones, pagers, and hand-held organizers. Online trading investors have the ability to view their account and execute trade orders through the NetEx Client Select online investment center. Online trading gives both beginners who've just had a single day trading course and advanced traders an opportunity to trade stocks, options, forex and futures all over the world without physical presence of a broker and with much lower commissions, because everything is done online. We can say, online stock trading is simple, secure, cost-effective, flexible and liquid. Online trading levels the playing field for the private investor and gives you the opportunity to take on and possibly beat the professionals for a fraction of the cost. It also lets brokerage firms automate their order placement process, thereby economizing on personnel time and effort
Online stock trading is an explosive growth market. It gives investor an immediate chance to participate in a market that was limited to only a few in the past. It also gives the investor the opportunity to place a trade that previously had to be done by a broker, but trading fees can be more complicated and expensive then they appear.
Online investment services offer consumers the opportunity to invest with lower commissions and fees which means you bring more of the money home when all is said and done and spend far less on fees and expenses associated with investing. Online trading involves large volumes of data being transacted everyday. It is the investment activity that takes place over the Internet without the physical inclusion of the broker. Online trading is an easy way to play the game.
Stocks, bonds, options, futures and currencies can all be traded online. Stock online trading is based on buying and selling stocks. Stock option online trading is based on buying and selling options and very perspective financial products. Stock broking has become a rather brutal business. Stock market is still a great place to invest, however not all types of stock is suitable for this.
Brokers buy and sell stocks through an exchange, charging a commission to do so. A broker is simply a person who is licensed to trade stocks through the exchange. An exchange is like a warehouse in which people buy and sell stocks. You still use real money, but instead of talking to someone about investments, you decide which stocks to buy and sell, and you request your trades yourself. With a click of mouse, you can buy and sell stocks from more than 100 online brokers offering executions as low as $5 per transaction. To avoid buying or selling a stock at a price higher or lower than you wanted, you need to place a limit order rather than a market order.
Online stock trading has given anyone who has a computer, enough money to open an account and a reasonably good financial history the ability to invest in the market. Find out which online trading sites are doing the best job. But as anyone who has ever seriously attempted online trading will probably tell you, it's just not as easy as it sounds. Although online trading saves investors time and money, it does not take the homework out of making investment decisions. Online trading is not something you should enter into lightly. Online trading is great but you will find that it lacks the personal service you can expect from a financial advisor or a stockbroker.
Free Forex Trading Education - Learning the Basics For Bigger Profits
Free Forex Trading Education - Learning the Basics For Bigger Profits
by kelly Price
You can build a forex trading strategy for profits and learn all the basics for free if you know where to look for the best free forex education and this article will point you in the right direction...
Many people pay for courses and of course this can cut the learning curve but you can learn all the basics for free and if you know what to look for even build your own forex trading strategy for gains.
Bad Forex Advice and Avoiding it
First there are some areas which will not give you good forex education so avoid them and they are:
Forex Trading Forums
These are generally either full of vendors trying to sell you systems or products or traders who cant make money (if they did they wouldn't hang around a forum). If you want bad forex advice then a forum will give it to you.
Broker and Vendor Reports
They normally give away information to tempt you to give your email away so there sales force can phone you up! The material which is described as crucial is normally just vague advice, you knew anyway.
Breaking News
There is a big myth, this helps you win but it doesn't it simply reflects the opinion of the majority and they lose. Also markets are discounting mechanism. The stories may sound convincing but that's all they are stories, as will Rodgers once said:
"I only believe what I read in the papers"
He was joking of course, but its surprising how many traders think they can trade a Reuters news report... if only it were that easy!
Forex Charts a Great Way to Trade
Now here are the best areas of forex trading education and you can do it simply by organic searches. The easiest and quickest way learn to trade is to use forex charts, all you are doing is following the reality of price and trading it and this means you need to learn charting basics and specifically
1. How to use support and resistance
2. Breakout methodology
3. Momentum indicators
We have covered all the above in other articles on this site. If you want to win with a simple forex trading system then you need to educate yourself on the following.
You need to know about breakouts and buy breaks to new highs or lows.
This is a simple logical way to make money and if you use momentum indicators to confirm the moves, this simple strategy can make you a lot of money.
There are many great free chart services available with all those indicators.
Once you have this in place that's the easy bit - most people can learn a forex trading system the hardest part is applying it with discipline through periods of losses and all trading systems have them YOU Must stay on course until you hit a home run.
Here you need to have confidence in what you are doing but because you have built a system and don't be deceived, the one above is simple - but all the best forex trading systems are as they are robust.
A Simple Trading Strategy is Best
Complicating your forex trading strategy will get you nowhere. If it did, more traders would win today than they did in yesteryear but they don't so, all the complicated strategies introduced have not made trading easier.
The key to winning is discipline and you need it.
A good example of this and you should check it out is the turtle experiment.
Search "Richard Dennis turtles trading" we have covered this in our articles too and it covers an experiment when he taught 14 people with no trading experience to trade and they made $100 million dollars in 4 years!
Why did they win?
The reason was they had a simple breakout trading system but also had confidence in it and the discipline to apply it. Sure you may not get as rich as them - but it shows trading success is open to anyone.
These people were a group of ordinary Joes - a security card, professional card player, someone just leaving high school, an actor and a female accountant.
If you read about them, you will see the real key to winning is learning to take losses with your trading system and sticking with it.
In conclusion, you can get all the information you need for free online and all you have keep in mind is your system should be simple, robust, have sound logic you understand and can have confidence in, to trade it with iron discipline.
If you have understood the above and study currency trading basics, learn and understand you could be on the road to forex trading success. Free forex trading education is there just get the right education and win.
by kelly Price
You can build a forex trading strategy for profits and learn all the basics for free if you know where to look for the best free forex education and this article will point you in the right direction...
Many people pay for courses and of course this can cut the learning curve but you can learn all the basics for free and if you know what to look for even build your own forex trading strategy for gains.
Bad Forex Advice and Avoiding it
First there are some areas which will not give you good forex education so avoid them and they are:
Forex Trading Forums
These are generally either full of vendors trying to sell you systems or products or traders who cant make money (if they did they wouldn't hang around a forum). If you want bad forex advice then a forum will give it to you.
Broker and Vendor Reports
They normally give away information to tempt you to give your email away so there sales force can phone you up! The material which is described as crucial is normally just vague advice, you knew anyway.
Breaking News
There is a big myth, this helps you win but it doesn't it simply reflects the opinion of the majority and they lose. Also markets are discounting mechanism. The stories may sound convincing but that's all they are stories, as will Rodgers once said:
"I only believe what I read in the papers"
He was joking of course, but its surprising how many traders think they can trade a Reuters news report... if only it were that easy!
Forex Charts a Great Way to Trade
Now here are the best areas of forex trading education and you can do it simply by organic searches. The easiest and quickest way learn to trade is to use forex charts, all you are doing is following the reality of price and trading it and this means you need to learn charting basics and specifically
1. How to use support and resistance
2. Breakout methodology
3. Momentum indicators
We have covered all the above in other articles on this site. If you want to win with a simple forex trading system then you need to educate yourself on the following.
You need to know about breakouts and buy breaks to new highs or lows.
This is a simple logical way to make money and if you use momentum indicators to confirm the moves, this simple strategy can make you a lot of money.
There are many great free chart services available with all those indicators.
Once you have this in place that's the easy bit - most people can learn a forex trading system the hardest part is applying it with discipline through periods of losses and all trading systems have them YOU Must stay on course until you hit a home run.
Here you need to have confidence in what you are doing but because you have built a system and don't be deceived, the one above is simple - but all the best forex trading systems are as they are robust.
A Simple Trading Strategy is Best
Complicating your forex trading strategy will get you nowhere. If it did, more traders would win today than they did in yesteryear but they don't so, all the complicated strategies introduced have not made trading easier.
The key to winning is discipline and you need it.
A good example of this and you should check it out is the turtle experiment.
Search "Richard Dennis turtles trading" we have covered this in our articles too and it covers an experiment when he taught 14 people with no trading experience to trade and they made $100 million dollars in 4 years!
Why did they win?
The reason was they had a simple breakout trading system but also had confidence in it and the discipline to apply it. Sure you may not get as rich as them - but it shows trading success is open to anyone.
These people were a group of ordinary Joes - a security card, professional card player, someone just leaving high school, an actor and a female accountant.
If you read about them, you will see the real key to winning is learning to take losses with your trading system and sticking with it.
In conclusion, you can get all the information you need for free online and all you have keep in mind is your system should be simple, robust, have sound logic you understand and can have confidence in, to trade it with iron discipline.
If you have understood the above and study currency trading basics, learn and understand you could be on the road to forex trading success. Free forex trading education is there just get the right education and win.
Forex Trend Following - How to Catch and Hold the Big Trends For Huge Profits
Forex Trend Following - How to Catch and Hold the Big Trends For Huge Profits
by kelly Price
The really big profits come from catching and holding the big long term currency trends which can last for weeks, months or years and this article is all about turning these trends into triple digit profits...
If you look at any forex chart, you will see long term trends and here is a simple forex trading strategy for turning them into profits.
Learn How to Use Breakouts
The first point is most new trends and continuations, start from new market highs.
If you want to make money then you need to buy breakouts.
Most traders make the mistake of waiting for prices to pullback to get in at a better "price" but the move doesn't in most instances it continues, so you must learn to buy breakouts - if you want to get on the side of the big trends.
Valid Breakouts
Not all breakouts have the same odds of success and you need to be selective in your choice to catch the best ones.
Generally, a breakout is valid if the breakout point, has been tested several times (the more times the better) and if this has occurred in different time frames which are spaced wide apart, that adds to the validity of the resistance.
You are generally looking levels the market participants consider important and when the level breaks look to go with the breakout. You don't just buy though, you need to check momentum.
Confirmation
Momentum indicators are discussed in our other articles but they simply allow you to gauge the strength of momentum and if its rising then chances are the breakout is valid and will continue. You only need one or two to confirm and our favourites are the RSI and stochastic. There visual indicators and easy to learn and apply.
Applying the Stop
Applying the stop is easy it's under the breakout as the previous resistance broken will now act as support.
The Key to Making Triple Digit Gains!
Is how you trail your stop remember if you have had a valid breakout chances are it will last a long time weeks or months and you need to stay in the trend. Most traders get so excited when they have a profit; they want to lock it in and protect it and move their stop up to quickly. They then get knocked out of the trade by random volatility, get a marginal profit next, then they see the trend sail on over the horizon, piling up thousands of dollars in profit and their not in!
Keep your stop back and trail it slowly.
You need to give the market room to breathe and accept drawdown in the short term and keep your eyes on the bigger long term prize, when you bank.
A good way to do this is by using key moving averages.
Generally dips to the 20 day are areas you can load up more trades in the direction of the trend and the 40 day MA, is a good area to have your stop in line with nearby trend line support as its outside of random volatility and will keep you in the trend.
Sure you give a bit back at the end but if you got 50% of every major trend you would be very rich.
A Simple, Time Efficient Way to make Triple Digit Profits
The above is a simple way to make money from long term trends and I know traders who make 100% annual gains doing the above. Another advantage of this type of trading is it takes less than 30 minutes a day. You also don't have to worry about watching prices all the time and you don't have to trade often.
Long term trend following can be very profitable if you follow the above tips and there easy to do.
by kelly Price
The really big profits come from catching and holding the big long term currency trends which can last for weeks, months or years and this article is all about turning these trends into triple digit profits...
If you look at any forex chart, you will see long term trends and here is a simple forex trading strategy for turning them into profits.
Learn How to Use Breakouts
The first point is most new trends and continuations, start from new market highs.
If you want to make money then you need to buy breakouts.
Most traders make the mistake of waiting for prices to pullback to get in at a better "price" but the move doesn't in most instances it continues, so you must learn to buy breakouts - if you want to get on the side of the big trends.
Valid Breakouts
Not all breakouts have the same odds of success and you need to be selective in your choice to catch the best ones.
Generally, a breakout is valid if the breakout point, has been tested several times (the more times the better) and if this has occurred in different time frames which are spaced wide apart, that adds to the validity of the resistance.
You are generally looking levels the market participants consider important and when the level breaks look to go with the breakout. You don't just buy though, you need to check momentum.
Confirmation
Momentum indicators are discussed in our other articles but they simply allow you to gauge the strength of momentum and if its rising then chances are the breakout is valid and will continue. You only need one or two to confirm and our favourites are the RSI and stochastic. There visual indicators and easy to learn and apply.
Applying the Stop
Applying the stop is easy it's under the breakout as the previous resistance broken will now act as support.
The Key to Making Triple Digit Gains!
Is how you trail your stop remember if you have had a valid breakout chances are it will last a long time weeks or months and you need to stay in the trend. Most traders get so excited when they have a profit; they want to lock it in and protect it and move their stop up to quickly. They then get knocked out of the trade by random volatility, get a marginal profit next, then they see the trend sail on over the horizon, piling up thousands of dollars in profit and their not in!
Keep your stop back and trail it slowly.
You need to give the market room to breathe and accept drawdown in the short term and keep your eyes on the bigger long term prize, when you bank.
A good way to do this is by using key moving averages.
Generally dips to the 20 day are areas you can load up more trades in the direction of the trend and the 40 day MA, is a good area to have your stop in line with nearby trend line support as its outside of random volatility and will keep you in the trend.
Sure you give a bit back at the end but if you got 50% of every major trend you would be very rich.
A Simple, Time Efficient Way to make Triple Digit Profits
The above is a simple way to make money from long term trends and I know traders who make 100% annual gains doing the above. Another advantage of this type of trading is it takes less than 30 minutes a day. You also don't have to worry about watching prices all the time and you don't have to trade often.
Long term trend following can be very profitable if you follow the above tips and there easy to do.
Forex Autopilot Revolutionizes Automated Forex Trading For Beginners
Forex Autopilot Revolutionizes Automated Forex Trading For Beginners
by Herman Lawrence
For those seeking hands-free income, there is a way to trade forex as a professional trader even without having any background or experience in trading Forex at all. Marcus Leary, a highly ranked industry-insider and mathematician has revealed his secret automated trading system that helps those wanting to start making profits in the world of Forex trading who are not keen on learning complex technical analysis.
Forex Auto Pilot is a proven, automatic way to trade the forex market using a software robot. The system automatically executes trades to make profit and also protects traders' money.
Novices in the forex market are able to set the system up and learn how to use it within minutes. Simple and easy to install and run, Forext Autopilot requires no hands-on human intervention once it is set up. This helps traders get more time to themselves, and eliminate many hours spent in front of computers. It can work in any country, at any time.
Marcus Leary, the creator of Forex Autopilot does not make any outrageous claims about his system which cannot be substantiated. Backtesting reports which verify his claim of 96% successful trades can be viewed, as well as a live forex trading account using Forex Autopilot.
The system is gaining reputation among forex traders. There are now 55,000 users worldwide who have downloaded Forex Autopilot. The system is also considered as the very best way to enter the world of forex trading for novices, and is ranked among the best home-based business opportunities in the market. Visit Forex Auto Pilot now to know more about the system that can automatically make profits in the forex market. Forex Auto Pilot
by Herman Lawrence
For those seeking hands-free income, there is a way to trade forex as a professional trader even without having any background or experience in trading Forex at all. Marcus Leary, a highly ranked industry-insider and mathematician has revealed his secret automated trading system that helps those wanting to start making profits in the world of Forex trading who are not keen on learning complex technical analysis.
Forex Auto Pilot is a proven, automatic way to trade the forex market using a software robot. The system automatically executes trades to make profit and also protects traders' money.
Novices in the forex market are able to set the system up and learn how to use it within minutes. Simple and easy to install and run, Forext Autopilot requires no hands-on human intervention once it is set up. This helps traders get more time to themselves, and eliminate many hours spent in front of computers. It can work in any country, at any time.
Marcus Leary, the creator of Forex Autopilot does not make any outrageous claims about his system which cannot be substantiated. Backtesting reports which verify his claim of 96% successful trades can be viewed, as well as a live forex trading account using Forex Autopilot.
The system is gaining reputation among forex traders. There are now 55,000 users worldwide who have downloaded Forex Autopilot. The system is also considered as the very best way to enter the world of forex trading for novices, and is ranked among the best home-based business opportunities in the market. Visit Forex Auto Pilot now to know more about the system that can automatically make profits in the forex market. Forex Auto Pilot
วันเสาร์ที่ 2 สิงหาคม พ.ศ. 2551
Forex Robots - Why Most Never Make Money in Real Time and Destroy Equity
Forex Robots - Why Most Never Make Money in Real Time and Destroy Equity
by Samuel Lesley Berkovits
Forex robots are the preferred option of many forex traders but most are simply a way to lose money and the clue why is in the title of this article - the track records presented are always simulated in hindsight - which means there made up in simple terms...
Would you take driving lessons from someone who hadn't passed there test?
Of course not, so why would anyone trade a forex robot that had never been traded and proven in real time? Well lots of traders do and they either don't see the disclaimer, or are naïve, greedy or both.
An Unfair Contest
The forex robots you see always have aggressive names that indicate they take on and beat the market - but it's a bit like a heavyweight boxer V a lightweight and the market is the heavy weight!
There aggressive names and fancy packaging and hype are no match for the brutal reality of price change in the real world of trading.
Curve Fitting is Doomed to Failure
The real problem is that they back test the rules and keep bending and optimizing them until they show a profit on the segment of data analysed but this is doomed to failure. Why?
Because the exact sequence of data never repeats exactly and you cannot change the rules in real time!
Markets are an Odds Game
This is known as curve fitting and it will never work on a market which is not orderly. The markets are an odds game not a game of certainties and you can never curve fit and win.
How to Win
If you want to win at forex trading you can by getting the right forex education and a simple robust forex trading system which you can apply with discipline and remember - it only needs to be simple, complicate a trading system to much and it will have to many elements to break.
So leave the forex robots to the greedy losing investors and make some effort, work smart and you can enjoy currency trading success.
by Samuel Lesley Berkovits
Forex robots are the preferred option of many forex traders but most are simply a way to lose money and the clue why is in the title of this article - the track records presented are always simulated in hindsight - which means there made up in simple terms...
Would you take driving lessons from someone who hadn't passed there test?
Of course not, so why would anyone trade a forex robot that had never been traded and proven in real time? Well lots of traders do and they either don't see the disclaimer, or are naïve, greedy or both.
An Unfair Contest
The forex robots you see always have aggressive names that indicate they take on and beat the market - but it's a bit like a heavyweight boxer V a lightweight and the market is the heavy weight!
There aggressive names and fancy packaging and hype are no match for the brutal reality of price change in the real world of trading.
Curve Fitting is Doomed to Failure
The real problem is that they back test the rules and keep bending and optimizing them until they show a profit on the segment of data analysed but this is doomed to failure. Why?
Because the exact sequence of data never repeats exactly and you cannot change the rules in real time!
Markets are an Odds Game
This is known as curve fitting and it will never work on a market which is not orderly. The markets are an odds game not a game of certainties and you can never curve fit and win.
How to Win
If you want to win at forex trading you can by getting the right forex education and a simple robust forex trading system which you can apply with discipline and remember - it only needs to be simple, complicate a trading system to much and it will have to many elements to break.
So leave the forex robots to the greedy losing investors and make some effort, work smart and you can enjoy currency trading success.
Forex Trading - This Proven Method Gives You a 90% Chance of Success
Forex Trading - This Proven Method Gives You a 90% Chance of Success!
by kelly Price
The method is selling option premium on currencies. Option buyers have a 10% success rate, so the option seller who grants the option has a 90% success rate. Many forex traders never consider selling options and this article is all about selling option premium...
So if you can have a 90% chance of success selling forex options, why don't more traders do it?
The answer is - most traders prefer the idea of buying an option with unlimited gains and limited risk, and a low chance of success, to being on the other side of the option which offers a capped small gain and unlimited risk, with high odds of success.
If you want to be an option seller you have great odds - but you must be mindful of the risk and the way to control it is as follows.
- Sell option premium on high volatility up or down against the prevailing trend
- Spread your risk across several positions
- Use time decay to your advantage and sell near expiry when time is decay is killing value
Selling option premium is not for traders who are not confident, have a small account or don't like risk - it's a game for people who know what their doing. An option may have 90% odds of expiring worthless - but that's at expiry and prices can of course move "in the money" for the buyer in that period, or move against you.
If however, you don't mind trading tops and bottoms and can calculate over bought and oversold scenarios, you are confident in, it's one of the best ways to make money long term. Sure, you have a capped small gain but these mount up over time and can build serious wealth long term.
There are not many opportunities to trade with 90% odds of success - but that's what selling option premium gives you and for traders who are confident in their marketing timing, the rewards long term are huge.
by kelly Price
The method is selling option premium on currencies. Option buyers have a 10% success rate, so the option seller who grants the option has a 90% success rate. Many forex traders never consider selling options and this article is all about selling option premium...
So if you can have a 90% chance of success selling forex options, why don't more traders do it?
The answer is - most traders prefer the idea of buying an option with unlimited gains and limited risk, and a low chance of success, to being on the other side of the option which offers a capped small gain and unlimited risk, with high odds of success.
If you want to be an option seller you have great odds - but you must be mindful of the risk and the way to control it is as follows.
- Sell option premium on high volatility up or down against the prevailing trend
- Spread your risk across several positions
- Use time decay to your advantage and sell near expiry when time is decay is killing value
Selling option premium is not for traders who are not confident, have a small account or don't like risk - it's a game for people who know what their doing. An option may have 90% odds of expiring worthless - but that's at expiry and prices can of course move "in the money" for the buyer in that period, or move against you.
If however, you don't mind trading tops and bottoms and can calculate over bought and oversold scenarios, you are confident in, it's one of the best ways to make money long term. Sure, you have a capped small gain but these mount up over time and can build serious wealth long term.
There are not many opportunities to trade with 90% odds of success - but that's what selling option premium gives you and for traders who are confident in their marketing timing, the rewards long term are huge.
How To Trade Forex Risk Free With A Forex Autopilot System
How To Trade Forex Risk Free With A Forex Autopilot System
by Demond Jackson
The Forex autopilot system is a program created and designed to help novice traders generate more turnovers as they get in the circle of trade. This has been developed by professional traders with the aim of going by an unpredictable and changeable market. The system was formulated 8 years ago and this has proven positive remarks from traders who have been satisfied with how the autopilot system gave them favorable figures in their trade.
This program is basically run on your computer with the aid of a Meta trading platform. The Meta trade is recognized for its excellent and exceptional platform use in the world market. The software is operated by a forex robot trading device without necessitating incessant monitoring 24/7. With little time invested on each trade and the forex robot doing the job for you, the tendencies of earning more than usual is what the autopilot system is about. Gone were the days of rational and algorithmic patterns as trading becomes easier with a forex autopilot system.
With all the controversies proliferating in the usage of this system, a knowledgeable identification of what is hoax from what is not is crucial. Certainly if a program promises profits without having to endure greater complexities then there must be a catch in its affirmation. However, the forex autopilot program differs from other forex system as it provides you an updated happening in the world market and be able to rise through odds and forex difficulties thus, turning all the advantage on your part.
This system allows the proper monitoring of probable loss and find solutions for a possible threat. Instinctively, this program allows a trader to generate more profits as the trade and the market continues its dealings. Online presence is not a requirement as the autopilot does all the trading functions to provide you with necessary assessment and calculations to gain more takings.
This software is dedicated for all levels of expertise as the autopilot system can be managed both by beginners and professional traders. Support groups and assistance are also provided in giving pointers and general guidelines regarding the entire process and the software in general. As you try to manipulate the dealings and work towards a successful formula, the autopilot will provide you with the information when to start dealing and when to exit the trade.
As bigwigs' trade in multiple currencies from one market to another, the concept of forex autopilot program removed the maneuvering of currencies in various markets as the software organized it in one specific spot. This is done through a list of forex trade in dependable software making it a lot easier for traders to get a panoramic view of the happenings in the forex circle.
Flexibility, adaptability and versatility best described the forex autopilot system as it weather diverse currencies in totally different zones and changeable market. Trading models are also employed in the dealings aiding in the continuous assessment of future possibilities entirely based on the actual dealing occurring at a present time.
by Demond Jackson
The Forex autopilot system is a program created and designed to help novice traders generate more turnovers as they get in the circle of trade. This has been developed by professional traders with the aim of going by an unpredictable and changeable market. The system was formulated 8 years ago and this has proven positive remarks from traders who have been satisfied with how the autopilot system gave them favorable figures in their trade.
This program is basically run on your computer with the aid of a Meta trading platform. The Meta trade is recognized for its excellent and exceptional platform use in the world market. The software is operated by a forex robot trading device without necessitating incessant monitoring 24/7. With little time invested on each trade and the forex robot doing the job for you, the tendencies of earning more than usual is what the autopilot system is about. Gone were the days of rational and algorithmic patterns as trading becomes easier with a forex autopilot system.
With all the controversies proliferating in the usage of this system, a knowledgeable identification of what is hoax from what is not is crucial. Certainly if a program promises profits without having to endure greater complexities then there must be a catch in its affirmation. However, the forex autopilot program differs from other forex system as it provides you an updated happening in the world market and be able to rise through odds and forex difficulties thus, turning all the advantage on your part.
This system allows the proper monitoring of probable loss and find solutions for a possible threat. Instinctively, this program allows a trader to generate more profits as the trade and the market continues its dealings. Online presence is not a requirement as the autopilot does all the trading functions to provide you with necessary assessment and calculations to gain more takings.
This software is dedicated for all levels of expertise as the autopilot system can be managed both by beginners and professional traders. Support groups and assistance are also provided in giving pointers and general guidelines regarding the entire process and the software in general. As you try to manipulate the dealings and work towards a successful formula, the autopilot will provide you with the information when to start dealing and when to exit the trade.
As bigwigs' trade in multiple currencies from one market to another, the concept of forex autopilot program removed the maneuvering of currencies in various markets as the software organized it in one specific spot. This is done through a list of forex trade in dependable software making it a lot easier for traders to get a panoramic view of the happenings in the forex circle.
Flexibility, adaptability and versatility best described the forex autopilot system as it weather diverse currencies in totally different zones and changeable market. Trading models are also employed in the dealings aiding in the continuous assessment of future possibilities entirely based on the actual dealing occurring at a present time.
Forex Autopilot System Review - Currency Trading
Forex Autopilot System Review - Currency Trading
by Don Dang
My Experience With Forex Autopilot
If you plan on using forex autopilot I recommend you have BASIC knowledge of how the forex market works because you will need to configure settings such as stop loss, take profit, trailing stop, etc. The forex autopilot system has been profitable for me on my mini account of $500. It was the first account I have ever opened, and the very next morning the robot made me $78. Forex Autopilot has a 92% winning trade rate.
What is the Forex Autopilot System?
The Forex Autopilot System is a software that trades the forex market for you! Simply download and install the program, configure it to your settings, and that is it! Money on autopilot!
How Does it Work?
The trades at low risk areas in the market. You can configure it to trade in high or low risk situations by configuring the S/L and T/P. Of course your trading activities will still involve some form of risks, but you can expect realistic results of 5-10% returns with this system each and every month!
How to install it?
Once you download it there is a FAQ and step by step guide on how to install it. Also there is video tutorials that show you exactly what to do. You will need the metatrader 4 platform to utilize the bot. Mac users will need to install windows via bootcamp or VMware.
How many F.A.P.S trades are winning trades?
The Forex Autopilot System Has a winning trade rate of 96%.
What Currency Pair Should I use Forex Autopilot on?
These are the setting I have found very profitable...EUR/USD Pair 1M Timeframe.
How Should I Configure the Stop Loss and Take Profit?
These are the settings I use on my live account. Take Profit -20 points Stop Loss - 30 points.
by Don Dang
My Experience With Forex Autopilot
If you plan on using forex autopilot I recommend you have BASIC knowledge of how the forex market works because you will need to configure settings such as stop loss, take profit, trailing stop, etc. The forex autopilot system has been profitable for me on my mini account of $500. It was the first account I have ever opened, and the very next morning the robot made me $78. Forex Autopilot has a 92% winning trade rate.
What is the Forex Autopilot System?
The Forex Autopilot System is a software that trades the forex market for you! Simply download and install the program, configure it to your settings, and that is it! Money on autopilot!
How Does it Work?
The trades at low risk areas in the market. You can configure it to trade in high or low risk situations by configuring the S/L and T/P. Of course your trading activities will still involve some form of risks, but you can expect realistic results of 5-10% returns with this system each and every month!
How to install it?
Once you download it there is a FAQ and step by step guide on how to install it. Also there is video tutorials that show you exactly what to do. You will need the metatrader 4 platform to utilize the bot. Mac users will need to install windows via bootcamp or VMware.
How many F.A.P.S trades are winning trades?
The Forex Autopilot System Has a winning trade rate of 96%.
What Currency Pair Should I use Forex Autopilot on?
These are the setting I have found very profitable...EUR/USD Pair 1M Timeframe.
How Should I Configure the Stop Loss and Take Profit?
These are the settings I use on my live account. Take Profit -20 points Stop Loss - 30 points.
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