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วันเสาร์ที่ 15 มีนาคม พ.ศ. 2551

Forex Killer Vs Forex AutoPilot - Which is The Best Forex Trading Software For You?

Forex Killer Vs Forex AutoPilot - Which is The Best Forex Trading Software For You?

by John J. Drummond


First of all, let me congratulate you for your decision to acquire a forex trading software. This is the main step to developing a steadily increasing income from the forex market. One of the main reasons so many people end up losing their shirts when they try to trade on the forex is that they do it manually and don't use any supporting software.
Two of the most renowned automatic forex trading softwares are Forex Autopilot by Marcus Leary and Forex Killer by Andreas Kirchberger. These 2 trading softwares have been used by thousands of people worldwide and even created a few lucky millionaires.

But which is the better one for you? Is it Forex Autopilot or Forex Killer?

To tell you the truth, for the home user who wants to raise his or her profits and make a steady handsome income from home, either of these two softwares will work. However, there are a few subtle differences which you should know about:

* Each of these 2 softwares comes with a lot of support to get you started. With Forex Killer, you may find Andreas Kirchberger's accent to be a bit disconcerting at first (especially if you're not a European), but don't worry, you will soon get the hang of it.

* Forex Killer works on all major trading platforms while Forex Auto Pilot works solely on the MateTrader4 platform. It shouldn't make much of a difference to you but I thought you just might like to know it.

As to the support these 2 systems offer and the results they deliver, both Forex Killer and Forex Auto Pilot offer close support and can deliver excellent results. Just take a little time to get to know how they work, and then let them to the job for you. Your bank manager will likely be pleasantly surprised when he sees your next statement.

To read more about Forex Killer, click here: Forex Killer. To Read more about Forex Auto pilot, click here: Forex Auto Pilot Review.

วันอังคารที่ 11 มีนาคม พ.ศ. 2551

THE FOREX MARKET: IS THE BEAST FINALLY TAMED?

THE FOREX MARKET: IS THE BEAST FINALLY TAMED?

by Steve Jones


Many people struggle every day with their investments in the forex market in an attempt to generate profit; although most of the time this just adds stress to their lives and results in financial loss, or very small gains. Luckily, a new tool has emerged: the Forex Autopilot System.

This new program has worked wonders for me. I stumbled across it one night, searching the internet for ways to supplement my income. Not expecting to find anything other than blatant get-rich-quick scams, I noticed a site that sounded more legitimate, not making outrageous claims. MySuccessWithForex.com promoted a piece of software developed by Mark Copeland based on the Goldman Sachs trading system that ran off supercomputers, making loads of calculations every second depending on what the market was doing. From here he spent three years learning the technicalities of how his machine operated, and, using the same indicators and principles, crafted his own system that would run on a standard PC.

Now I didn't make any $10,000 in one day, as many scam sites claim, but with a month of using this remarkable program I setup in 20 minutes that runs unattended, I was making more money off the forex market then working as a surveyor. The best part is, using this software requires no prior forex trading experience whatsoever. Once you've read the guide, loaded the discs, and downloaded the free MetaTrader platform it runs on, you can have it making trades for you at a 93% success rate! This was the most rewarding purchase I ever made, hopefully you too can experience the success with this program that I, along many others have.

What Every Forex Trader Ought To Know About Expert Advisors

What Every Forex Trader Ought To Know About Expert Advisors

by Giselle Sanchez


An expert advisor is simply a piece of code written in the MQL4 programming language which, once installed on your MetaTrader 4 Forex trading platform, has the ability to automate the opening and closing of trades on your behalf. It is a piece of code that includes a set of rules based on what, how and when to trade. It also allows you to adjust stop loss, take profit and trailing stop levels according to pre-defined parameters.

Every expert advisor is different. Every expert advisor - its own animal. But they all serve the same purpose: to eliminate inconsistency - a fault that characterizes most traders.

How An Expert Advisor Works

Once installed and enabled to run, an expert advisor will usually first check if there is enough equity in your account to open a trade. If there isn’t, it won’t run.

If there is enough equity in your account, the expert advisor will on each tick of the currency pair(s) that it is assigned to trade on, run through it’s rules and codes and verify that the trade entry criteria have been met. Alternatively, if open trades already exist, it will check that an exit (stop-loss or take-profit) criteria has occurred. If it has, it will automatically exit the trade for you.

To work, the computer that is running your expert advisor (and trading platform) must be kept running all the time while the forex market is open. If you ensure that your computer is running 24x5 - all you have to do is sit back, relax and let it do its thing!

Programming a Strategy Into The Expert Advisor

An expert advisor can be designed to trade many different strategies. They can include grid strategies, hedging strategies, martingale and reverse martingale strategies, trend following strategies, correlation strategies - you name it. Additionally, you can choose to combine one or more strategies together.

Forex expert advisors can trade breakouts, news announcements only or they can be scalping expert advisors which aim to secure small profits as soon as they are available. An expert advisor can be programmed to do whatever you like - the possibilities are truly limitless.

Classic expert advisors look to trade bounces off of support and resistance and reversals. They enter trades when a high probability setup looks like occuring. Many expert advisors come with trailing stop losses - a feature which helps you lock in profits.They can also be programmed to monitor market conditions for reversals and then close your trade immediately when these conditions are met to lock in profits as well.

More advanced expert advisors can trade multiple pairs simultaneously or monitor multiple time-frames at once, giving you a wide range of options in picking a market trend - something that would take you hours if you had to do it manually.

The type of expert advisor you choose to trade with should sit well with your overall trading style. Playing around with its risk-settings while it is trading live will give you a better feel for what it does well and you will learn it’s characteristics better. If you understand what it is doing, you will have more confidence in it to ride out a bad performing patch while you continue to monitor and play with its stop-loss and take-profit levels.

While the point of forex expert advisors is to automate your trading decisions and improve trading consistency by taking emotions out of your trading, you still must pay attention to what the expert advisor is doing. This is especially relevant if your expert advisor is automatically set at a wide stop-loss of say 100 pips or more.

วันจันทร์ที่ 10 มีนาคม พ.ศ. 2551

Can You Get The Best Forex Trading Software?

Can You Get The Best Forex Trading Software?

by Ramon Nunez


Forex trading is one of the hottest trends in the business world because more and more people are realizing that they need some extra income to get the security they need, because the government is not willing to take care of us anymore. Job security is an illusion with the globalization of our economy. We need alternatives, and currency trading is one of the best places to go if we want to find the financial security that we are looking for. Currency trading is really a good alternative.

First, we are going to explain what is a trading software. A trading software is a computer application created to coordinate all the currencies available in the world market. The trading sofware can run the entire day, also you can use it anywhere you want in most cases.

One of the main difference of a trading software is its platform. Some are client-based and others web-based. The advantage of the client-based is that you can use it in your home for your currency trading with less risk of viruses, and it can run faster. But the disadvantage is that you only can use it in your home or work place. The web-based software can be used anywhere. But the disadvantage is that this kind of currency trading software it is more vulnerable to viruses and spyware.

If you want to be in the world of currency trading you need to know the ups and downs of the currencies, and the trading application is designed for this. You will be notified immediately when a change occurs. The software analyses the currency markets of the world so you can have a good perspective of them. Also the software will give you statistics and reports of previous quotes.

The problems that might occur with the trading software are that you can get information too late for you to take action, because the servers of the trading software company are having problems. Another problem might occur with the servers of your trading company because they can have viruses, if they are not well protected.

Before you choose any Forex trading software you must check all the features of the company about security, prestige, commitment to your success, quality of the software, and many other important features. Also, before opening a Forex account you must check the prestige of the Forex brokers you are evaluating.

The Forex company that you choose must offer an excellent Forex trading education of the Forex trading system. You must learn currency trading using their trading course, but they also must give you an employee to assist you and guide you. The system is very complicated and you need the best software to succeed in the online trading. The software must give you analysis and charts as well. One of the most important aspect of all this, is that you must watch whether your Forex broker company gives you all the tools you need to succeed. This is a very important point we need to watch.

วันเสาร์ที่ 8 มีนาคม พ.ศ. 2551

Currency Trading Systems - A Simple FREE System That Is Proven To Work

Currency Trading Systems - A Simple FREE System That Is Proven To Work

by Monica Hendrix


Do you want a currency trading system that's so simple, you will understand how and why it works in ten minutes, that has been used by some of the top traders of all time, is free and makes money? Then read on.

The currency trading system we are going to look at here is simplicity itself and you will easily understand why it works.

Many traders think it can't work because it's so simple - but when you consider trading legends such as Richard Dennis have used it in their forex trading strategies, then you will understand its well worth considering!

So what's the system?

It's Richard Donchian's 4 Week Rule

This system was originally devised in the late seventies, to trade commodities, by the father of modern trend following - Richard Donchian.

He noticed the predominance of the 4 week cycle in markets and based his system upon it. Here it is - just one rule: Close out short positions and take long position when a price exceeds the highs of the previous 4 calendar weeks. Close out long positions and take short position when a price falls below the lows of the previous 4 calendar weeks. That's it!

You can't get simpler than that and it works, check a long term time period on your forex charts and you will see it does. The downside of the system is that it will get chopped about and incur loses, when the markets consolidate. Here you can add a filter: To enter positions on the 4 week rule and exit the position on a shorter time frame. Periods that are frequently used are 1 or 2 weeks and then re enter on the 4 week rule. Not only is this system simple, its totally mechanical and you have no subjective judgment to make, you only need to execute the trading signal based upon a clear rule and the filter and that's clear cut. Now it's simple to learn, easy to use and it makes money - but most traders won't even consider using it!

Why?

1. Because it's too simple for most traders

They feel more comfortable using trendy indicators or systems and this one is not trendy but on the other hand, it will beat 99% of the forex trading systems sold by vendors.

2. It needs discipline to follow it.

It needs more discipline than many systems, because it is not fussy about pinpoint market timing and this is hard for traders to accept - even though it makes money.

3. It doesn't trade often

Most traders don't trade to make money, they trade for the thrill of trading and this system definitely won't suit this group!

Simple currency trading systems work best and always have, as their more robust in the face of brutal ever changing market conditions.

This trading system beats numerous complicated ones, as they have too many elements which break.

The above system works longer term and always has - its based on simple methodology but that doesn't mean it's not profitable, it is.

If you take the time to look at it you will see the merits of incorporating it in your forex trading strategy and you're in good company, with the number of top traders who use it or have used it over the years.

This currency trading system should be part of any trader's essential forex education so look at the profit potential of the 4 Rule.

Forex Trading Basics - 10 Losing Character Traits That Will Wipe out Your Equity!

Forex Trading Basics - 10 Losing Character Traits That Will Wipe out Your Equity!

by Monica Hendrix


Here we are going to look at forex trading basics and 6 character traits that if you have them, you are going to lose. The vast majority of the 95% of traders who get wiped out have them, so to enjoy currency trading success you must avoid them...

1. Wont accept responsibility

This is a common trait.

People continually try and shift responsibility for their success to others - but only you can give yourself success. You can do it - BUT success rests on your ability to learn the right forex education and execute your forex trading strategy with discipline.

2. Want To Have Fun

It always amuses me when I see traders who say they like to have fun, that's why they trade.

Trading is not fun in itself, its satisfying, when your making money. I don't trade for fun, I trade to make money. Sure, if I win I have fun with the money but that's not the same as having fun trading.

If you trade for fun above all else - chances are you like the action, so take low odds trades and lose.

3. The Action Man

This really can be combined with point 2.

This trader cannot stay out the market and lacks patience.

He is trading in the hope that the more he trades, the more he will make but markets don't reward you for effort, they reward you for being right with your trading signal and that's it.

4. Believe Experts

This group of traders like to trust expert opinion and believe what CNBC news tells them or some bank trader.

This always reminds me of will Rogers's famous saying:

"I only believe what I read in the papers"

He was joking of course but its surprising how many people believe anything their told by an expert.

This also goes for the vast group of traders who buy a Forex trading system from a vendor and think with no effort, they will make money. Sadly, forex trading is not that easy.

5. Thinking Your Clever

There are many traders that think their clever and that this will bring them success. It doesn't - they tend to over complicate their forex trading strategy and lose. Simple strategies work best and this is a known fact so keep it simple.

Another problem with people who think their clever is they come with egos and a big ego means they have a problem accepting they are wrong and in forex trading, you are going to be wrong - refuse to set stop losses or run losses to far and you will be wiped out.

6. Lack of Discipline

Comes from a combination of all the above. This is the single biggest cause of traders losing.

To acquire discipline you must learn currency trading the right way and get the right education, so you understand fully and have confidence in what you are doing.

If you don't understand and have confidence in what you are doing, you will not stay disciplined through inevitable periods of losses.

To win at currency trading, you must stay disciplined through periods of drawdown, to enjoy long term trading success.

ANYONE Can Learn Forex Trading

It's a fact that everything about successful currency trading can be learned by those people with a desire to win and the willingness to learn the right information.

Once you have the right method, you then need to have the discipline to apply it. If you cannot apply your method with discipline you have no method.

Forex trading basics means - Not only getting the right forex education but also the mindset to succeed as well.

the Forex Killer: A Get Rich Scheme or a Get Out of Your Job Scenario?

the Forex Killer: A Get Rich Scheme or a Get Out of Your Job Scenario?

by Thomas Howell


Let me ask you a question as you are reading this. How long have you traded Forex for? Say a year? two years? maybe less than a year, or just starting?

You are pretty skeptical about the different types of brokers and systems, and all things currency trading. You have to realize that this industry has so many choices, but not one size fits all here. It is a matter of what you want to put into forex, and what you want to take out of forex. For certain situations, maybe broker B is more apropos than broker A. Maybe trading signal company F is better than G. But you will only know that after asking questions and maybe trial and error if that seems to be your route.

The thing is, with doing spot currency trading in the forex market, you have to look at it as an investment, not a game. With investments, you know it is a risk, either you will make money, or you will lose money. Any decisions on what you do with trading should not be taken lightly.

Here is one thing you might want to consider when it comes to providing a trading signal solution. Maybe not so a signal solution, but one that helps you make the winning position. Are you interested in such a solution?

The Forex Killer was designed by expert trader Andreas Kirchbergrer. A german expert currency trader who has made millions trading euros for dollars and the like. His program, the Forex Killer, akin to having Andreas himself sitting next to you, analyzing the graphs and news, and seeing what would be the best possible position to make.

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