Why Should Use The Automated Forex Trading System?
Forex market has grown very powerful and popular in recent years. This is due to the introduction of automated forex trading systems. Markets formerly only open to banks and financial institutions have been open market to small traders.
Forex market is a place of currency one country is traded for currency of another country. Trade this happens every time the transaction reach trillion dollars every day make this a most active financial market in the world.
Progress of Internet technology , communication technology and automated forex trading system, participation in the forex market is open to anyone who has a computer, internet connection, a forex brokers account and trading platforms.
But living in the forex position requires constant monitoring, as this global market is open practically all the time. Automated forex trading system is a tool that allows you to specify a currency, a price that is offered, and selling price first. With the small number of seeds and with the help of a broker, buy and sell will execute directly.
When you trade forex, it requires monitoring at all times due to the global market open at all times. Automated forex trading system is a tool that allows you to specify a currency that is traded, the price offered and the price before. With a small amount of investment and help by your broker, you can buy and sell directly and quickly.
This automatic system allows you to benefit from the profits forex market without having to become an expert person in forex market. In this system, forex software and human expert help to execute your trade.
With a reliable trading system, it does not require you to do own forex trading and this will save you time. When you can consistently observe the market you can manage multiple accounts in your trading platform at a one time. This cannot be done and impossible in manual trading.
Automated forex trading systems give you you trade in multiple markets and multiple systems.It allows you to trade at any time not matter day or night without your presence. You will not be missed a profit even if you not sit in front of your computer.
Automated forex trading help you take advantage of multiple forex strategies and different systems. Because the system was created for different driven in a different trade indicators, you can diversify your investments and risk.
Automated forex trading also helps eliminate human emotions and psychology that can often affect a profitable trading result. With this system you can also monitor many currency pairs at a one time and you can follow and implement it.
One thing you need to know, with automated forex trading system you also need to learn basic methods such as forex fundamental analysis, technical analysis, market indicators and others to obtain sustainable profit. Is difficult to learn this forex basic ? No! Most people even though there is no basis in the forex can learn quickly and easily.
แสดงบทความที่มีป้ายกำกับ Automated Forex Trading System แสดงบทความทั้งหมด
แสดงบทความที่มีป้ายกำกับ Automated Forex Trading System แสดงบทความทั้งหมด
วันพุธที่ 9 ธันวาคม พ.ศ. 2552
วันพฤหัสบดีที่ 13 พฤศจิกายน พ.ศ. 2551
Automated Forex Trading System - A Free System For Big Consistent Gains!
Automated Forex Trading System - A Free System For Big Consistent Gains!
There are a lot of automated forex trading systems to choose from and here we are you going to give you a simple free robot that has made millions over the years for disciplined savvy traders and you can use it too...
Firstly, most of the automated forex trading systems you see heavily promoted on line are junk - they come with paper, back tested simulations and have never even been traded. They rely on hyped clever marketing to get sales but they don't work and the trader loses his equity.
The one we are going to look at here is very simple but that doesn't mean it doesn't make big gains, it does and it will continue to do so.
Before we look at why it works, lets just look at the rule of the system and it only has one - making it one of the simplest automated forex trading systems you can get.
Buy a new 4 week calendar high is price then, look to sell a new 4 calendar low, then do the same in reverse i.e. buy the next 4 week high and maintain a position in the market at all times.
That's it - and while it's simple (you can do the calculation in your head - it works. So why is it so effective?
- It's a breakout system and most major moves start from new highs or lows, so this system will get you in on all the big trends.
- It will get you in on all the major trends and a glance at a forex chart, will show you the big trends last for many weeks, months or years
- The rule is objective and you can simply follow it, you dont need to think its automatic.
Another great advantage of this forex robot is it takes very little time to operate, just 15 minutes a day.
It was actually devised in the late seventies, by well known trader Richard Donchian and has been used by traders all around the world ever since.
Many traders though wont use it despite the fact it's so profitable and here are the main reasons:
- For some reason traders think complex systems work better but they don't, simple systems are more robust and the above is simplicity itself.
- It's not a flavour of the month method, like a system based on Chaos theory or artificial intelligence.
- Its not fussy about picking tops and bottoms - you cant predict these of course but traders like to try and lose.
- Its not mystical, people love ridiculous theories such as Gann, Elliot Wave and Fibonacci despite the fact they have not found the order in the market they claim.
A Quick Way to Seek Big Gains
In forex trading to make money you don't need to be complicated and you don't need to put in lots of time, this is a myth. The effort you put into your forex trading strategy has no influence on the amount of money you will make.
A System Which Works and Will Continue to Work
The aim of trading for the serious trader is based upon the money he puts in his pocket. If you are serious about making money this system is simple, logical, is easy to understand, works and will continue to work, as long as markets trend and I don't think that's ever going to change!
If you want to make money take a look at this free automated forex trading system and you will be surprised at just how much money it can make you in around 15 minutes day.
Simple absolutely - but it makes big long term gains and if that appeals to you, check this forex robot out and you maybe glad you did.
There are a lot of automated forex trading systems to choose from and here we are you going to give you a simple free robot that has made millions over the years for disciplined savvy traders and you can use it too...
Firstly, most of the automated forex trading systems you see heavily promoted on line are junk - they come with paper, back tested simulations and have never even been traded. They rely on hyped clever marketing to get sales but they don't work and the trader loses his equity.
The one we are going to look at here is very simple but that doesn't mean it doesn't make big gains, it does and it will continue to do so.
Before we look at why it works, lets just look at the rule of the system and it only has one - making it one of the simplest automated forex trading systems you can get.
Buy a new 4 week calendar high is price then, look to sell a new 4 calendar low, then do the same in reverse i.e. buy the next 4 week high and maintain a position in the market at all times.
That's it - and while it's simple (you can do the calculation in your head - it works. So why is it so effective?
- It's a breakout system and most major moves start from new highs or lows, so this system will get you in on all the big trends.
- It will get you in on all the major trends and a glance at a forex chart, will show you the big trends last for many weeks, months or years
- The rule is objective and you can simply follow it, you dont need to think its automatic.
Another great advantage of this forex robot is it takes very little time to operate, just 15 minutes a day.
It was actually devised in the late seventies, by well known trader Richard Donchian and has been used by traders all around the world ever since.
Many traders though wont use it despite the fact it's so profitable and here are the main reasons:
- For some reason traders think complex systems work better but they don't, simple systems are more robust and the above is simplicity itself.
- It's not a flavour of the month method, like a system based on Chaos theory or artificial intelligence.
- Its not fussy about picking tops and bottoms - you cant predict these of course but traders like to try and lose.
- Its not mystical, people love ridiculous theories such as Gann, Elliot Wave and Fibonacci despite the fact they have not found the order in the market they claim.
A Quick Way to Seek Big Gains
In forex trading to make money you don't need to be complicated and you don't need to put in lots of time, this is a myth. The effort you put into your forex trading strategy has no influence on the amount of money you will make.
A System Which Works and Will Continue to Work
The aim of trading for the serious trader is based upon the money he puts in his pocket. If you are serious about making money this system is simple, logical, is easy to understand, works and will continue to work, as long as markets trend and I don't think that's ever going to change!
If you want to make money take a look at this free automated forex trading system and you will be surprised at just how much money it can make you in around 15 minutes day.
Simple absolutely - but it makes big long term gains and if that appeals to you, check this forex robot out and you maybe glad you did.
วันอังคารที่ 9 กันยายน พ.ศ. 2551
Automated Forex Trading System - Most Forex Robots Suffer Losses Because There Curve Fitted
Automated Forex Trading System - Most Forex Robots Suffer Losses Because There Curve Fitted
by Samuel Leslie Berkovits
Automated forex trading software is big business online and forex robots are the buzz product at present but most will wipe your equity out and do it quickly. Why? The answer lies in curve fitting...
When traders buy automated forex trading systems, they are presented with a track record and they think this track recorded will repeat for them but of course the track record is not real at all - it's a simulation going backwards with all the facts to hand.
Now if anyone knew the price in advance they would be a millionaire many times over but we don't. The vendors who make these robots curve fit the track record and this is why you will lose.
Constructing the Track Record
They get a segment of data and try and get there rules to work and keep bending and tweaking them, until they do. In Conclusion they make the system fit the data, now here comes the problem...
The Problem with Back Testing
Is no two segments of data ever repeat themselves EXACTLY Again and the system cannot be bent in the real world, so you get an equity wipeout. Any system that is bent to the data is likely to suffer this fate.
So that track record of 100k a year you see ( all for just a hundred dollars) has no chance of replicating itself for you.
Getting a Successful System
You can get some that are not curve fitted and normally the vendor will trade it for a while before selling it and show real results.
Some simulations can translate into real profits but there few and far between. Generally, if you are looking for a good one, look at the rules and the list below, will tell you if the system is curve fitted.
Here are indications of a curve fitted system.
- Lots of rules and parameters the more there are the more curve fitted its likely to be
- Different rules for different currencies
- Different rules for different market conditions
- Any subjective judgment you have to make on spotting set ups
A good forex trading system will be simple, robust and trade all markets and all market conditions with the same rules.
Use Common Sense!
Be realistic when choosing an automated trading system.
Don't fall for get rich quick forex robots that are heavily advertised, there normally curve fitted and will see you lose. Common sense says, you don't get an income for life for hundred dollars.
If you want a good system, look for one with a track record of real results or, if you want to try a simulation, keep in mind the checklist (we outlined earlier) when choosing one.
A FREE Forex Robot That Works
If you want a free one which is not curve fitted, we are huge fans of the 4 week rule which beats over 90% of the sold systems easily and its free. Check out our other articles for more information on it.
So if you are choosing an automated forex trading system remember - beware of curve fitting!
by Samuel Leslie Berkovits
Automated forex trading software is big business online and forex robots are the buzz product at present but most will wipe your equity out and do it quickly. Why? The answer lies in curve fitting...
When traders buy automated forex trading systems, they are presented with a track record and they think this track recorded will repeat for them but of course the track record is not real at all - it's a simulation going backwards with all the facts to hand.
Now if anyone knew the price in advance they would be a millionaire many times over but we don't. The vendors who make these robots curve fit the track record and this is why you will lose.
Constructing the Track Record
They get a segment of data and try and get there rules to work and keep bending and tweaking them, until they do. In Conclusion they make the system fit the data, now here comes the problem...
The Problem with Back Testing
Is no two segments of data ever repeat themselves EXACTLY Again and the system cannot be bent in the real world, so you get an equity wipeout. Any system that is bent to the data is likely to suffer this fate.
So that track record of 100k a year you see ( all for just a hundred dollars) has no chance of replicating itself for you.
Getting a Successful System
You can get some that are not curve fitted and normally the vendor will trade it for a while before selling it and show real results.
Some simulations can translate into real profits but there few and far between. Generally, if you are looking for a good one, look at the rules and the list below, will tell you if the system is curve fitted.
Here are indications of a curve fitted system.
- Lots of rules and parameters the more there are the more curve fitted its likely to be
- Different rules for different currencies
- Different rules for different market conditions
- Any subjective judgment you have to make on spotting set ups
A good forex trading system will be simple, robust and trade all markets and all market conditions with the same rules.
Use Common Sense!
Be realistic when choosing an automated trading system.
Don't fall for get rich quick forex robots that are heavily advertised, there normally curve fitted and will see you lose. Common sense says, you don't get an income for life for hundred dollars.
If you want a good system, look for one with a track record of real results or, if you want to try a simulation, keep in mind the checklist (we outlined earlier) when choosing one.
A FREE Forex Robot That Works
If you want a free one which is not curve fitted, we are huge fans of the 4 week rule which beats over 90% of the sold systems easily and its free. Check out our other articles for more information on it.
So if you are choosing an automated forex trading system remember - beware of curve fitting!
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