Forex Auto Trading, Article of Forex Trading, Forex Signal and Forex Broker

How To Choose A FOREX Broker

How To Choose A FOREX Broker

Most investors who trade Forex stocks use a broker. A broker is an individual or a company, who buys and sells stocks according to the investor's wishes. Brokers earn money by collecting commissions or fees for their services.

You should check that a broker is registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud or abusive trade practices. A Forex broker also needs to be associated with a financial institution, such as a bank in order to provide funds for margin trading. Picking the right Forex broker for you will take some work on your part. There are brokers who charge a flat fee and some that charge commission. It may be a good idea to talk with friends and business associates about their brokers. You may get some good leads, and you're certain to hear who to stay away from. There is nothing like word of mouth advertising.

If you are thinking of investing online, you could choose several online brokers and contact their help desks. Seeing how quickly they respond to your questions could be key in how they will respond to their customers needs. If you don't get a speedy reply and a satisfactory answer to your question you certainly wouldn't want to trust them with your business. Just be aware that as in other types of businesses, pre sales service might be better than after sales service.

Before you choose an online broker get a copy of their online demo account. What features are included? Is the software reliable? Does it offer automatic trading? Are there extra software features that cost more?

Before setting up an account with a Forex broker you will need to do further investigation. How quickly will these brokers execute your buy/sell orders? What is their policy on slippage? What are the transaction fees? What is the spread, fixed or variable? What are the margin requirements and how are they calculated? Does the margin change with currency traded? Is it the same for mini accounts and standard accounts?

Don't forget to ask about minimum account balances and interest payments on account balances. Make sure that your funds will be insured.

by Mark Freeman

No Comment  

Automated Forex Robot Trading - Which Forex Robot is the Best of All?

Automated Forex Robot Trading - Which Forex Robot is the Best of All?
By: Kelly Price

Automated Forex robot trading is big business and there are numerous ones for sale and the vast majority lose, so let find the minority that win and the best robot...

We will look at our best trading system in a moment but first lets look at the Forex robot industry as a whole.

The phrase Forex robots or Expert Advisors are new phrases, until recently automated software was simply called a trading system - but marketing needs a catchy name, so trading systems are now known as robots or expert advisors and the fact is any system that carries these names and has hyped advertising copy will lose you money.

The claims are laughable - double your money each month, 90% accuracy and little or no drawdown and you only pay a hundred dollars or so, you know he claims are not true and so do most sensible people. These systems never produce an independent track record of gains - Why? Because these systems have never made any money long term.

The best Forex Robot Trading System

It's a free one and it doesn't actually call itself a robot, but it is an automated trading system and it does make money and has for over 25 years. Many of the pro traders use it and even trading legends like Richard Dennis admired it, so if you use it your in good company.

It's called the 4 Week Rule and was devised by trading legend Richard Donchian. It only has one rule and here it is:

Buy a new 4 week high - hold it. Wait for new 4 week low to be hit, then close the long and go short. Simply keep keying off new 4 week highs and lows and remain in the market at all times - that's it.

Does it make money?

Sure it does and it beats all the sold systems hands down because it is simple, robust and will always make money as long as markets trend. It's a simple breakout strategy which is a timeless way to make money.

So why don't more traders use it?

They like gimmicks, unrealistic claims and are duped by clever advertising copy. These traders forget that the proof of any system is in its performance and they like the made up sold track records.

The savvy trader though knows, a system like the 4 Week Rule will make money and they use it long term to pile up big long term profits and enjoy currency trading success.

Don't fall for the hype, get the real deal - a free system the top traders use and have been using for over 25 years to make big Forex profits.

NEW! 2 X FREE ESSENTIAL TRADER PDFS FREE PROVEN FOREX ROBOT

For free 2 x trading Pdf's, with 50 of pages of essential info and a PROVEN FREE Forex Trading System visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://www.ArticleBiz.com

No Comment  

The Top 7 Things to Avoid with your Forex trading system

The Top 7 Things to Avoid with your Forex trading system

By: Mark Soberman

You should already know what features you want to have in your Forex trading system. At the same time, there are some things that you are better off without, and here is my short list of seven such items.

1. The first thing that you do not want is a system that is hard to understand. If you do not understand your system, then it will be hard for you to have confidence in what it is telling you, and also difficult for you to adjust it if circumstances change. Many beginners make the mistake of over complicating their systems, but experienced traders will tell you to keep it simple.

2. It is also very difficult if you adopt a system where you are not able to give and receive feedback from the designers and sellers of the system. If you have been sold a system, and now have the feeling that you are on your own, then the system may not work for you. You should avoid dealing with anyone who does not give ongoing training and support.

3. You should avoid any system that does not have an active forum between the users. The advice you can get on such a forum is invaluable in making sure that you use the system to its fullest, and can share and find answers to your problems.

4. You must avoid trying to use a system where you have not done or seen adequate back testing. You'll find that as soon as the going gets tough, and a trade or two do not work out, fear will set in and you will be tempted to abandon the system or modify it spontaneously. You need to have confidence that if you follow your system you will make money.

5. Another way to become vulnerable to the effects of fear is to risk too much money on any individual trade. Avoid "betting the farm" on any trade, regardless of how safe and secure it seems the outcome will be. The market will always suit itself, and if you trade with a large amount of your working capital, you may find that your trading career comes to a premature halt.

6. When you have a system in place, you must avoid deviating from it and trying to "second guess" it. In particular, if the trade goes against you, you must have no hesitation in closing it out at your stop loss point.

7. While on the topic of money management, you should avoid entering any trade until you have a clear idea of the risk/reward, and a value for the exit should the trade run the wrong way. When you see the market turn against you, then is not the time to start figuring out how much you can lose.

In summary, your trading system should be clear defined, allowing no subjective decisions, it should be simple to understand and adaptable to your requirements.

Mark Soberman of NetPicks LLC has been trading for over 20 yrs and offers free educational resources, live forex and futures signal services, as well as a new product focused on trading the forex market.FX Live!

Mark Soberman of NetPicks LLC has been trading for over 20 yrs and offers free educational resources, live forex and futures signal services, as well as a new product focused on trading the forex market.FX Live!

Article Source: http://www.ArticleBiz.com

No Comment  

Forex Trading For Novices - 10 Common Mistakes You Must Avoid

Forex Trading For Novices - 10 Common Mistakes You Must Avoid

By: Kelly Price

Here we will give you 10 common mistakes novice traders make. If you make any of them you will lose. Let's take a look at them...

These mistakes are in no particular order of importance, there all important and you must avoid them if you want to enjoy success.

1. Using a Forex Robot

Anyone who believes they can buy an income for life and make no effort, for a couple of hundred dollars, probably deserves to lose. These get rich quick trading systems all lose.

2. Forex day trading or scalping methods

All short term volatility in daily time frames is random, so you can't get the odds on your side when trading and if you can't trade the odds you will lose and that's a fact.

3. Believing markets can be predicted

Markets cannot be predicted and that's obvious! If there was a theory that could predict prices in advance, we would all know the price ahead of time and there would be no market. To win, you need to trade the reality of price change and don't predict.

4. Thinking hard work will bring success

It's not a nine to five job and you don't get rewarded for effort, just being right. This means you are judged on the accuracy of your trading signals and that's it. They can take 10 hours or 10 minutes, results are all that count. Work smart, not hard.

5. Thinking being clever is an advantage

Forex trading is simple and simple systems work best. If you try and be clever and complicate your trading system, you will lose.

6. Thinking you wont get a long period of drawdown

Most traders think losses happen to other traders and not them but all traders even the best. You will have to ride out long periods of losses, keep them small and trade with discipline, until you hit a home run. Most traders can't do this and if you can't trade a system with discipline, you don't have one!

7. Thinking you can trade breaking news stories

Markets move to how investors perceive the news, not the news itself. This is why markets collapse when the news is most bullish and rally when it's most bearish. Trading breaking news is a mugs game, don't try it.

8. Not understanding standard Deviation of Price

Don't know what it is? You should, because if you don't, you will not understand how volatility affects price and end up losing.

9. Thinking risk reward is target - stop

Many traders think they are trading with high reward and low risk, as they calculate profit potential, as their target minus their stop. They don't stop to think, that this is just an opinion and doesn't take into account the probability f the outcome.

10. Not knowing what a trading edge is

To win you must have an edge, know what it is and have the confidence to apply it with discipline. Your trading edge is the reason you are going to win, when 95% of traders lose. Don't know what your edge is? You don't have one, so continue your Forex education until you do.

How to Win at Forex

To win at Forex you need a simple trading system, you understand, have confidence in that you can trade with discipline. Your system should trade the odds and not predict, be based on trend following and implemented with robust money management.

TO win at Forex is a combination of both method and the correct mindset to apply it and always remember the market doesn't beat the trader the trader beats himself. You can enjoy currency trading success if you want to and hopefully, this article has pointed you in the direction of becoming a successful trader.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf's, with 50 of pages of essential info an exclusive RISK FREE Forex Trading Course visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://www.ArticleBiz.com

No Comment  

Forex Trading System - Let Your Trading System Spell Your Business Success

Forex Trading System - Let Your Trading System Spell Your Business Success

By: Pete Miguel

The field of forex can be real demanding and ultimately competitive, which is why you need to adapt a forex trading system to help you survive in this business. Most people craft their own system while some utilize existing methods and change it according to their own need.

Aside from beating the demands of the business, having a forex trading system also allows you to effectively keep yourself updated with recent changes. It ensures that you stay on top or even ahead of the game. Having a forex trading system also allows you more stability because you can easily manage risks and tap opportunities that you can use to broaden your profits. But before you can achieve a real successful system in the forex world, here are the important factors you need to consider.

1. Current Standing - Your forex trading system should have a healthy balance between risks and guaranteed opportunities. You cannot have too many risks but you are not always going to find guaranteed opportunities, so it's good to have and manage to scout a piece of both. To do this, your forex trading system should mesh well with your current business standing. It should not be too bold for what you are capable of now or too undermining of your actual ability to play in the forex market.

2. Actual Knowledge - The length of your forex trading system's flexibility and genius will depend on how well you actually know your market. The more experienced you are, the more flexible your system will be because you have always known how to adapt amidst changes in the business climate. No matter how great your system is, what would always matter more is how well you can navigate through the market and find a way to make your system work to your advantage.

3. Forex Partners - Through the course of currency trading, you will acquire reliable partners who may even be the ones to initiate a trade if they need one. You should definitely take care of these people and learn to profile them in the process. By profiling, this simply means that you need to familiarize yourself with how they trade their currencies so you can predict how new changes in the market may affect how they interact with you. The expanse of your forex trading system may also depend on how many partners you have. The more you have, the more elaborate your trading system might need to be. Also, you can eventually create an interconnected system which works across your forex partners.

4. Capital Investment - A forex trading system may not simply be a list of methods you can use to guide you throughout the market. At times, it may ask you to get upgraded tools to help you through the forex business. It is good to have a clear grasp of just how much you can allow yourself to shell off to update your forex business so you can lay the grounds for a more efficient forex trading system.

Finally, here's a website to give you an unfair advantage over other traders and always keep you on top of the forex market: Online Forex News Trading.

Also, learn the honest facts and truth about different forex brokers from the best online forex review scam website today.

Article Source: http://www.ArticleBiz.com

No Comment  

How to Utilize Forex Trading Courses to Become a Successful Currency Trader

How to Utilize Forex Trading Courses to Become a Successful Currency Trader

By: Willaim R Alheim Jr

Starting to trade the Foreign Exchange Markets (Forex) can be a tempting enticement to contemplate when wishing to improve your financial position and fortunately there are many exceptional Forex online courses today that can help you accomplish this task. Education is the first step the majority of us take in which ever field we enter and continuous learning is the stepping stone to long term accomplishments in that discipline. The exact same principle can be applied to Forex trading. Actually, it is highly essential for the novice trader to have appropriate knowledge about the intricacies of the foreign exchange markets in order to avoid major economic disasters. The potential of the Forex market is tremendous with fortunes being made every day by individual traders. Unfortunately, the risk factor related to large funds disappearing quickly also exists. Lack of knowledge about how, when and where the system works could certainly make you one of the ninety five per cent of people that begin Forex trading that are NEVER able to make money.

There are hundreds, if not thousands of Forex trading courses that claim they can make your entry into this lucrative field smooth and hassle-free with good financial results. There are so many means available to learn the concepts of foreign exchange trading and its various angles that you will be overwhelmed with information when attempting to appraise them. The majority are based on one of or a combination of the following training methods; a selection of online trading books, an online one on one training class, an online seminar or a series of seminars, an online video program or an online trading tutorial. Online trading courses have specific advantages over other forms of media. First, the online courses are updated continuously as the market changes. Second, they are delivered to you in a timely fashion, in other words, when you are ready to learn they are ready to teach you. Finally, you can have access to the Forex training courses immediately.

Most of the Forex trading courses begin with the fundamentals of currency trading, its various terminologies, definitions etc., in order to prepare you for the more advanced topics. In the next stage of the programs they will begin discussing specific Forex trading strategies, Forex trading signals and where to find them and how they are interpreted, Forex day trading for profit and so many more advanced concepts that they to numerous to even attempt to mention.

Learning to profitably trade the Forex markets has never been as easy as it is today. There are so many outstanding training programs that your biggest problem won't be finding them, but it will be evaluating each course and determining which is offering the best value for your hard earned money.

We have researched, tested and reviewed 100's of Forex Trading Systems. We kept the best and got rid of the rest, in order for you to only have to consider the best products on the market today.

Article Source: http://www.ArticleBiz.com

No Comment  

Forex Opportunity

Forex Opportunity

By: Davis Brands

A Brief History of Forex

Since the Forex markets have no central location and conduct business using various electronic platforms investors in the UK enjoy the same opportunities as traders around the globe. Forex opportunities can be accessed from anywhere with internet service. Historically modern Forex markets came into existence with the Bretton Woods agreement which established rules for commercial and financial transactions between industrialized nations. The Bretton Woods agreement was instrumental in the reconstruction of Europe after World War Two.

In the early 1970's the gold standard was abandoned and currencies were allowed to float freely. By the 90's various policy changes allowed small investors to enter this lucrative market. Today Forex trading is popular in both Europe and the United States and the UK is no exception. Forex markets are the largest in the world with approximately 2 trillion dollars US traded daily. No longer the exclusive domain of large banks and corporations, Forex markets now provide astounding opportunities for the average investor.

Forex Opportunity for Small Investors

The average Forex investor may enter this amazing market for surprisingly little money. Today participants in Forex markets include multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, and private speculators.

Forex Opportunities in Europe

In the UK London dominates the Forex markets in the UK. The UK foreign exchange markets account for almost one third of global turnover and is expected to edge higher. Since Margaret Thatcher's government abolished restrictive exchange controls in 1970 citizens of the UK have been allowed to take advantage of Forex opportunities.

The availability of Forex opportunities is the same in the UK as anywhere else in the world. The opportunities offered by Forex markets are:

Leverage-A small investor can control and move a lot of currency for a minimal investment through margin trading.

Trade is 24 hours a day

Conversion rates are constantly trading creating Forex opportunities daily.

Investors are not limited to any lot size and any amount of currency can be traded.

Transaction fees are low and there are no commissions.

These are only a few of the advantages of trading Forex. One of the most attractive features of the Forex markets is the availability to trade on margin and mitigate risk. If the margin is 100:1 an investor can control $100,000 (USD) in actual currency for an investment of $1,000(USD). Risk mitigation takes place through the use of market orders, limit orders, and stop loss orders.

Availability of Forex Opportunities

Like anywhere else Forex opportunities are available to small investors in the UK. There are many learning platforms where potential Forex investors may trade currencies in real time and learn the Forex market without investing real money. The Forex opportunities are astounding for small investors and can offer returns that stock markets cannot match.

Davis Brands is a successful writer who writes for a variety of websites, you can find his current work on forex opportunity with frequent weekly updates. He also writes on forex broker at ForexOpportunity.org His email is submit@davisbrands.com.

Article Source: http://www.ArticleBiz.com

No Comment  

Automated Forex Robots - They Lose Money Despite Claiming Huge Profits

Automated Forex Robots - They Lose Money Despite Claiming Huge Profits

By: Sonia Kristina

Automated Forex robots promise a huge regular income and of course they don't deliver - financial freedom for $100 or so and no effort is fantasy not reality.

If I walked up to you in a bar and said give me $100 and I will give you an income for life with no effort you would laugh at me and think I was joking but in Forex trading, greed takes over and traders happily buy a Forex robot which promises them untold riches for the price of a few drinks.

We will look at how to make money in Forex trading in a moment but for now let's look at the fantasy and reality of Forex robots.

Double Your Income Every Month

Pure fantasy, the world's best managers on millions a year can't do this and neither can any robot.

Trade with less than 1% Drawdown

Another fantasy! If you made a 100% per annum the typical drawdown would be 20 - 40%. The fact is the higher the gain the higher the drawdown that's forex trading and any trader knows this.

The systems are based on Complex Mathematics

The ones I have seen aren't but even if they were, Forex markets don't move to mathematical theories, so complex algorithms won't help - Forex trading is an odds game.

These systems are always developed by some geek ex-trader, or whiz kid but most certainly have no idea about the reality of Forex trading, otherwise they would realize that the above points we looked at, are incorrect and not based on sound logic.

I have seen the track records you may say, sure you have but most are back tested and I have never seen an audit long term of the trades by a well known organisation, of the ones that present real ones.

Fact is if they systems really made the gains the vendors claim, they wouldn't need to sell them, they could simply trade them and become billionaires!

How to Win at Forex Trading

If you want to make money at Forex trading, you need to get yourself a solid Forex education and learn skills.

Anyone can do it and although you have to put in effort, that's life but the rewards for your effort are huge, so learn trading the right way and win. Leave the Forex robots, to the naïve or greedy traders and get on with making some good solid long term gains.

FREE! Essential Trader PDF's and FREE Forex Robot.

For more essential forex trading advice and some essential FREE Forex Education and an exclusive RISK FREE Forex trading Course visit our website.

Article Source: http://www.ArticleBiz.com

No Comment  

What to Look for in a Successful Forex Trading System

What to Look for in a Successful Forex Trading System

By: Mark Soberman

There is no doubt that to be successful in Forex trading you need to have a good system. A system, applied consistently, will ensure that you do not allow yourself to be ruled by emotion, but follow the signals that the market is giving you. The system will often refer to indicators, sometimes even custom calculated indicators, which have been found historically to reflect the psychology of the market.

One key to a successful plan is that it never requires interpretation in any situation, but always has the required trading response included in its rules. Only in this way can the plan be time-tested to be effective without introducing the variable of emotional input. What you need is the confidence that the system is time-tested, so that you are not tempted to deviate from it when actively trading.

A trading system, or plan, does not need to be complicated, and some of the simplest of plans are very effective. Adding complication does by no means insure a better performance, even though some refinement of a plan can be beneficial. Most successful traders will tell you that one of the ways novices lead themselves to failure is by exerting effort to introduce more and more complication, in an endeavor to eliminate losing trades. The fact is that losing trades happen, but a good risk/reward ratio and sound money management techniques will make sure that losing trades are not catastrophic to your account, and can quickly be overwhelmed by your gains.

What is sometimes not appreciated is that because trading is basically a game of human psychology, the methods that work in one market are usually easily transferable to another totally different market. At its root, the trading system seeks to interpret the underlying psychology that is moving the prices, and it does this not by considering the commodity or currency being traded, but by the evidence of the price movements to date.

Many systems, involving both values and pattern recognition, can be implemented over a variety of time frames. The psychology of the market is revealed in both micro and macro charting, and Steve Nison, who introduced candlestick charting to the West, always emphasizes that candlestick patterns in particular are applicable to every time frame.

The system should also be easy to understand, and you should be able to explain it to other traders and for them to get consistent results. If you have a system that is open to interpretation, then it is also open to performing differently from the back tested results, usually to the detriment of your account. If you are considering implementing a system which has been developed by a third party, then you should at a minimum require that you can access the developers if you have any questions on the reasons for its performance.

So the most desirable traits in a trading plan include that you do not have to make subjective choices influenced by your current emotions, that the system is easily understandable and simple, and that it can be applied in a variety of situations.

Mark Soberman of NetPicks LLC has been trading for over 20 yrs and offers free educational resources, live forex and futures signal services, as well as a new product focused on trading the forex market.FX Live!

Mark Soberman of NetPicks LLC has been trading for over 20 yrs and offers free educational resources, live forex and futures signal services, as well as a new product focused on trading the forex market. http://www.netpicks.com/fxlive

Article Source: http://www.ArticleBiz.com

No Comment  

Forex Trading Method - A Simple Method For Triple Digit Annual Gains

Forex Trading Method - A Simple Method For Triple Digit Annual Gains

By: Kelly Price

The Forex Trading method enclosed can be incorporated in your Forex trading strategy and will quickly help you make bigger profits. It's simple to learn, easy to understand and will help you make bigger profits...

Firstly let's look at a common mistake many traders make with their Forex trading methods.

Most traders think that prediction is the way to make money in Forex trading - but predicting is hoping or guessing and your predictions will end up like your horoscope! Markets don't move to some mystical mathematical formula - if they did, we would all know the price in advance and there would be no market.

Trading the Reality, Trading Breakouts

The best way to trade to get the odds on your side, is simply to trade the reality of price change, as you see it on a Forex chart. This means trading breaks to new highs and lows, breakout trading methods work and will always work for one simple reason:

Most trends start and continue from new market highs or lows and as long as markets trend, going with breakouts to new highs and lows will work.

Why Most Traders can't Do it

Most traders can't trade breakouts though, because they are obsessed with pinpoint market timing (which of course is not possible) and they think they have missed a bit of the move, so they sit back and want to get in at a better price.

As breakouts tend to carry on in the direction of the breakout, a pullback does not come and the trader who waits misses a great trend and profit.

A Breakout Strategy for Big Gains

If you want to trade breakouts then you only need a simple Forex trading strategy and it should consist of spotting trades on the chart and maybe using a couple of momentum indicators to confirm the move.

In any form of Forex trading system simple systems beat complicated ones because they are more robust and has fewer elements to break. If you don't want to make your own, here is a simple one that works.

A Breakout Method that Has Worked for Over 25 Years

The strategy below is so simple but has made millions for savvy traders and has just one rule which you simply follow. Devised by trading legend Richard Donchian it's outlined below.

Buy breaks to new 4 week highs or lows. When in the market, wait for a new 4 week low or high to be hit and reverse the position - simply keep buying and selling new 4 week highs and lows as there hit and always maintain a position in the market.

You can't get much simpler than that! Try it though and you will see it works.

A simple Timeless Method for Gains

If you want to use breakouts the logic is easy to understand and it's very profitable.

If you want currency trading success then with breakouts you know you are trading the reality and have the odds on your side and that means bigger profits and less risk - check out this trading methodology in more detail and you maybe glad you did.

FREE ESSENTIAL FOREX TRADING PDF's! + SUCCESSFUL FREE TRADING SYSTEM

For a complete resource on how to win and Essential trader Pdf's and a successful FREE Breakout Trading System and an exclusive RISK FREE Forex Trend Following Course visit our website.

Article Source: http://www.ArticleBiz.com

No Comment