Forex Online Trading - Online Currency Trading Resources

How To Trade a Trillion Dollar a Day in the Currency Market Using Remote Viewing

2010-12-01T23:36:00.000-08:00

by PSI TECH CEO, Dane Spotts

What if you could predict the direction of tomorrow's financial markets using your remote viewing skill? With just pen and paper you peer into the future to grab the market trend and leverage that knowledge into a day trading business that nets you amazing profits. What is the value of such a technology? A technology that can determine the direction of a market, hours BEFORE it occurs?

Such knowledge would obviously be extremely valuable. Not only would it give you an unbelievable advantage in the marketplace, but you could trade with confidence unmatched by any other trading system ever invented.

I realize this sounds incredible, but over the last 18 months, this new innovative trading system has been under development at PSI TECH. For those that know very little about Technical Remote Viewing, we are not really time travelling, but we can grab knowledge from the future using this formerly top-secret intelligence tool. If the concept of going into a future to see tomorrow's financial markets is a compelling idea, it was the seed of that idea that got all of this going in the first place.

Let me explain.

'Time Traveler' Gets Busted

I was reading an article on a Yahoo! news page about a time traveler named Andrew Carlssin. It appeared under the headline "'Time-Traveler' Busted for Insider Trading." A Reporter named Chat Kultgen from the Weekly World News (my first clue this was a bogus story), reported that 44-year old Andrew Carlssin had, over two weeks in January 2003, turned an initial investment of $800 into $350,000,000. Here is a recap of the article.

"The past year of nose-diving stock prices has left most investors crying in their beer. So when Carlssin made a flurry of 126 high-risk trades and came out the winner every time, it raised the eyebrows of Wall Street watchdogs. "If a company's stock rose due to a merger or technological breakthrough that was supposed to be secret, Mr. Carlssin somehow knew about it in advance," says the SEC source close to the hush-hush, ongoing investigation. When investigators hauled Carlssin in for questioning, they got more than they bargained for: A mind-boggling four-hour confession. Carlssin declared that he had traveled back in time from over 200 years in the future, when it is common knowledge that our era experienced one of the worst stock plunges in history. Yet anyone armed with knowledge of the handful of stocks destined to go through the roof could make a fortune. "It was just too tempting to resist," Carlssin allegedly said in his videotaped confession. "I had planned to make it look natural, you know, lose a little here and there so it doesn't look too perfect. But I just got caught in the moment." In a bid for leniency, Carlssin has reportedly offered to divulge "historical facts" such as the whereabouts of Osama Bin Laden and a cure for AIDS.

It turns out the entire story was a hoax. But it got me thinking. Remote Viewing can do something very close to this, so why not apply this technology to trading. You see, we actually do possess a kind of a time machine within our minds. Remote Viewers are trained to tap into their innate psi-functioning and download direct knowledge about events that are remote in time or space. Meaning a skilled remote viewer really can download information about the future. The key is how the target is cued and how skilled the remote viewer is to be able to grab on to the signal-line and then objectify the data.

TRVers do this every day and think nothing of it. We use our TRV skills to find lost things and people. To solve problems, and look into the future. But to be able to accurately predict the marketplace with all the variables and complexity, is a much more demanding task. The information is harder to nail down so the data collection system requires fairly sophisticated capabilities. Many have tried and failed at this, but I was determined to discover a new method of accurately forecasting tomorrow's markets using TRV.

Why FX (currency trading)?

I am not a professional trader and in fact had never day traded before this project. My only trading experiences were a few casual investments in the stock market. My first task in approaching this problem was to employ my TRV skill to determine if such a thing was even possible, and if so, what would be the optimum vehicle for trading. In my first session (and dozens of subsequent sessions) the idea of "currency trading" kept popping up. I wondered why and did some research.

Turns out there are at least 5 good reasons why currency trading or FX as it's called, is the optimum way to make money trading with TRV.

1) First, it is the World's Largest and Most Liquid Market (nothing else even comes close with over a Trillion and a half dollars traded each day.

2) Second, it offers the Highest Possible Leverage 200:1 on some platforms. (Meaning for a very small amount in your margin account, say as little as $5,000 you can be doing million dollar trades.)

3) Third, there is Incredible Volatility in the market (Amazing market fluctuations allow a trader to make money through many individual trades each day)

4) Fourth, this is a Marketplace That Never Closes (You can trade online 24/7 all 100% via the internet with no human interaction at all. I liked that a lot.)

5) And fifth, you can Make Money In Any Market Condition. (Whether the market is going up or going down is irrelevant to a TRV trader. We are predicting the direction of the FX market each day using our TRV skill -- a few hours in advance, and then using that knowledge to enter and exit the specified trading window with a profit.)

The TRV FX Trading System

The system I developed worked, but not 100% of the time. I mostly lost money due to poor execution of my data. I was doing $5 million dollar trades at the click of a mouse, with no stops and way too much bravado. As a result, I ended up getting humbled many nights in a row. Frankly it would have been much more prudent for me to have taken a course on trading first, and then use my TRV trading system to predict market activity and enter trades. I quickly leaened there were many nuances to proper execution of the data. Entering and exiting each trade properly and not jumping the gun or chasing after the market. So even though more than 80% of the time my TRV data was dead on accurate, I must confess I lost money initially.

I finally got my act together though by creating a set of rules and a structured discipline that I forced myself to follow. I was also successful, in creating a structure where the TRV data would match the real-time data with uncanny accuracy. Many nights I could overlay my TRV sketches right over the real-time computer chart and they matched precisely. I have done this dozens of times since, trading and making profits, solely based on my TRV data.

Here is a chart of last nights trading results. The first drawing is the TRV data as represented by an S6 sketch. Below it is an actual chart of the trading window.

Well I was quite excited by all this. This was instant feedback, which is very gratifying for a remote viewer. I would work a session and a few hours later be able to see the real-time results unfold before my eyes, precisely the way I had predicted it. But I wasn't making money on every trade and this bugged me. There were a number of factors for this, most of all poor execution of my data as I mentioned earlier. I would do stupid things and not trust my data and get off track. I paid dearly for this. But after getting slaughtered a few too many times, I remembered why our special operations team approach was so successful. We not only corroborated our individual data but we used each other's eyes to analyze it. This concept is now an important part of the TRV trading system. You see if five traders working independently of each other all get EXACTLY the same TRV data, your confidence level goes way up and this translates into better trade executions.

Because of this concept the TRV Trading Club was born.

TRV Trading Club Opens Its Doors

When I first started all this 18 months ago, I was alone. A single trader, armed with the most phenomenal mind technology ever developed. However, I was the ONLY person doing this. Staying up all night staring at a computer, holding my S-6 sketches up to the screen, and comparing them to the real-time online chart. And I as I said earlier, I was trading with REAL money. (I realized later that paper trading would have been prudent till my system had been fully fleshed out.) I worked hard on creating a set of rules that allowed me to enter and exit the market with my TRV data without fear and personal psychology affecting my execution. Like all things you invest a lot of sweat into, I got better and better at it. But it was still lonely and imperfect. I needed corroboration.

I invited a TRV friend of mine to join me. With our dual corroboration I had a much easier time trading. Then I invited a third person to join, and together we had our trading parties online each night and made certain we were comfortable with our corroborated data before opening a position.

source: trvnews.com

Pertama kalinya beli domain dan hosting

2008-10-31T04:26:00.000-07:00

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Mechanical Forex Trading Systems - A FREE One That's Made Massive Profits!

2008-08-16T12:43:00.000-07:00

By Kelly Price

Of course, you can buy one of the numerous mechanical trading systems advertised by vendors (all with simulated track records) or you can use this one - that's FREE and made users millions. How it works is outlined in this article and it's a great way to make forex profits.

This system is simple so simple in fact that you will have no problem understanding how and why it works - don't confuse the fact that it's simple with its profit making ability. Some of the world's top traders have used it and made a killing.

The system was developed back in the seventies, to trade commodity markets by a trading legend - Richard Donchian, who is considered the father of modern trend following.

It was originally devised to take advantage of the four week cycle in commodity markets that also exists in currency markets.

It's called the four week rule and here is the rule:

Liquidate short positions and open long position when a price exceeds the highs of the previous 4 calendar weeks. Liquidate long positions and open short position when a price falls below the lows of the previous 4 calendar weeks.

How simple is that?

VERY - but back test it and you will see it works well on trending markets and currencies trend well. Its problem emerges when markets don't trend, so add this filter:

Eenter positions on the 4 week rule and exit the position on a shorter time frame. Time frames that are frequently used are 1 or 2 weeks. You then simply re enter on the 4 week rule.

That's it!

It works try it - but most forex traders won't use it - Why?

Because it's to Simple

Traders dismiss it straight away - but trading legends such as Richard Dennis have used it so you should consider it - if it's good enough for one of the greatest traders of all time - then its good enough for you.

It's not trendy

Today we have neural networks, Fibonacci systems, artificial intelligence and there more trendy and buzzy than this simple system. Traders like to think they can beat the markets, with trendy systems - but they can't.

It's Not Fussy about Market Timing

True - it doesn't buy market tops or bottoms and most traders are obsessed with prediction and of course prediction doesn't work - it's another word for hoping or guessing. This forex mechanical trading system works on the reality of price change and trades the truth - most traders hate doing this, despite the fact it's the only way to make money.

It's Takes Discipline to Follow

Most traders lack discipline and when a forex trading system is so mechanical and so un fussy about timing they can't do it and throw in the towel.

This mechanical forex trading system works and is based on breakout methodology which is a proven way to make money - if you use it, you will find that you have a free system that will beat 99% of the junk systems sold on the net, with worthless simulated back tested track records.

If you use this forex mechanical trading system you will get a head start on your way to long term profits.

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

For free 2 x trading Pdf's with 90 of pages of essential info and more on Mechanical Forex Trading Systems visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Kelly_Price

Learning to Pull the Trigger - No Guts, No Glory

2008-08-16T12:42:00.000-07:00

By Jason Fielder

One of the hardest skills for many traders to master is pulling the trigger on a potential trade. The potential in the Forex market for huge profits is also tempered by the fact that, like any investment or trading market, there is always the chance of large losses, as well.

The Forex market trades over $1 trillion a day world wide, attracting traders, but sometimes intimidating them. It doesn't take a lot of courage to pour over charts, get your confirmation signals, and find your buy and sell points (all things you should always do prior to entering a trade).

But then even after analysis, double checking, the time comes to place a trade and you get cold feet. That's understandable. It's easy trading with a practice account, it's much more difficult when it's your own hard earned money being put out there.

Analyze anything long enough, and you can talk yourself out of any trade, no matter how good it looks. Same with procrastinating. If you put off entry long enough, you can talk yourself into saying you missed the trend that your charts showed, and then not pulling the trigger on a trade that would have made you good money.

Having the guts to pull the trigger right when your indicators say is essential to becoming a successful (i.e. profitable) trader. You can have all the knowledge in the world about the Forex market, understand trends, and have a stunningly accurate system - but if you don't have the courage to pull the trigger, then what good is that knowledge?

It's not, because it's never going to make you any money if you can't pull the trigger.
One of the best ways to reassure yourself when preparing to make a trade is to have a small checklist you can look at.

Ask yourself, do I have my setup for the trade and how much am I going to trade? Then, where is my entry? Next, where should I place my stop loss? Finally, where is my projected exit? If you can answer the previous questions, then you should pull the trigger. If you can't then stay on the sidelines until you can.

Everyone needs a boost in confidence once in a while, and you can't let fear paralyze you. You can't make money in the Forex if you never place a trade. Having the courage to pull the trigger on trades that get you in and out of the market is a necessary part of being a successful Forex trader.

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/

From Jason Fielder, Founder, ForexImpact.com

Article Source: http://EzineArticles.com/?expert=Jason_Fielder

Forex Training Series - Price

2008-08-16T12:40:00.000-07:00

By Mathew Murray

Non Forex traders are generally under the impression that the math involved with Forex trading is more complicated than in other forms of trading. Truth is the math involved in currency trading is exactly the same as in any other form of trading. We use the same addition, subtraction, multiplication and division we learned in grade school.

In stock trading the evening news anchor announces the Dow gained 30 "points" today, and in Forex trading we hear the US Dollar is up 30 "pips." Well that's fine, but points and pips won't pay our rent. So let's convert "points" and "pips" using the basics of Forex math into what it means to us - money. This section will cover basic, but very important principles we utilize in our daily trading activities - prices.

The first thing that you'll notice about the prices in most currency pairs is they have a couple extra numbers in them compared to a stock quote, or the actual currency exchange rate listed in the travel guide. A typical stock quote looks like "Sprint = 5.71" in the financial section of your local paper; and the published Canadian Dollar to US Dollar exchange rate looks like 1 US Dollar = .98 Canadian Cents. But the traded currency pair rate we use in the Forex market for the same currency is USD/CAD = 0.9887.

Two main reasons exist for breaking down the unit of currency past the .01 cent level. First - the sheer volume of trading on the currency market. The Forex market trades more money in one day than all the stock markets combined trade in a month. Second - the size of the lots we trade in Forex. Stocks typically trade in 100 share standard lots, whereas one standard lot of a currency pair is 100,000 units of the base currency. A full one cent move on a currency pair is a very large movement when considering the huge amount of money being shifted; hence we need to monitor currency prices down to the sub penny level, usually four decimal places out.

Currency pair prices are standardized in the Forex community. As in the above example, the first price in the pair is considered the base price and always has a factor of one. An example would be EUR/USD = 1.5561, where one Euro equals 1.5561 US Dollars. Yet another example GBP/CHF = 2.0510, means one British Pound equals 2.0510 Swiss Francs. The only difference to the look of Forex quotes concerns the Japanese Yen. Since its valuation is in the hundreds, it still retains only two decimal places to the right and typically looks like EUR/JPY = 155.89, again where one Euro equals 155.89 Japanese Yen.

The second thing that is different when viewing trading pair quotes is two sets of numbers for the same currency pair. If you research the trading quote for the EUR/USD, it will look like 1.5669/72. Just as in stock trading you see a bid and an ask price. Some brokers may list this as a bid and offer price. Either way it means the same thing and is easiest to remember as the buy and sell price of the listed currency pair. The first price listed is the amount someone is willing to buy the pair for, the second is the amount someone is willing to sell the pair for. Here someone is willing to buy the pair at 1.5669 and someone is willing to sell the pair at 1.5672. Unless one side or the other changes their price - there is no trade unless those prices are met.

The difference between the buy and sell price is called the spread, and varies between brokers, currency pairs, current volatility and several other factors. The spread is the cost of trading the Forex markets. Most Forex brokers do not charge fees or commissions for executing your trades. Nor do they charge interest for providing the leverage you need to trade the large lot sizes seen in Forex trading. Instead, they make their money with the spread, or the difference between the buy and sell price of the currency pair. With reputable brokers, this is a fair compensation for their services.

In our example above, if you wish to buy the EUR/USD (you think it will go up) you will have to pay the price that someone is willing to sell it at - or the sell price of 1.5672. If you wish to sell the pair (you think it will go down), you will have to sell it at the price someone is willing to pay for it - which is the buy price of 1.5669. Should you execute a buy and then turn around a sell, without any change of price, you will have lost 3 pips of price in the transaction.

What is a Pip? The Official definition of a pip from Investopedia is: "The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100th of one percent, or one basis point." For example, the smallest move our EUR/USD currency pair can make is $0.0001, or one basis point. What this means to us in general money terms is: if we traded 1 micro lot in US Dollars and the price went our way 1 pip, we earned .10 cents; if we traded 1 mini lot we earned $1; and if we traded a standard lot and gained 1 pip, we put $10 in our pockets.

There are brokers available who will allow you to trade any size lot you care to trade. But there are three lot sizes that are the most common for the purpose of Forex trading. The standard lot is equal to 100,000 units of the base currency; i.e. if your base currency is US Dollars it is $100,000, if the base is Euro's, it is ¬ 100,000 and so forth. A mini lot is equal to 10,000 units of the base currency, and micro lots are 1,000 units of the base currency.

This is a very basic explanation of how Forex pricing looks. It can become very sophisticated and complicated if you choose to make it. One reason is a Forex trade actually involves two trades. You are simultaneously buying one currency and selling the other in each trade. But keeping it simple, buying a pair if you think that pair is going to go up, and selling if you think it is going down, and relating pips to money made or lost, allows you the time and brain power to work on the important strategy of executing your trades the right way.

M 5 Forex is the industry leader in retail Forex trading. What is retail Forex trading? It's foreign currency trading for you and me. To learn more about trading currencies on the forex market and explore all the available assets to you as a retail forex trader - visit us at Forex Trading Online

Article Source: http://EzineArticles.com/?expert=Mathew_Murray

The Structure of the Forex Market

2008-08-16T12:37:00.000-07:00

By Simon Parth

To understand what happens when a trader places a forex trade, it is essential to understand the structure of the forex market. The broad framework is that there are three tiers to the forex market: the Interbank market; large retail banks and funds; and the newest class, retail foreign exchange firms. Below is a breakdown of each tier, and how they interact with the other tiers to create the overall structure of the forex market.

Interbank Market. The Interbank market consists of the largest banks and central banks. These banks trade with each other via a system known as EBS. EBS is simply a software application that shows each banks resources, and thus helps Interbank participants understand supply and demand so that they can develop fair prices to trade with each other.

Retail Banks. The next tier consists largely of retail banks (e.g. Chase Manhattan, Bank of America, etc). When individuals exchange their currency with such banks, the banks often simply move currency around from one branch to another. They profit by charging a spread -- a different price for buying than for selling (so that if you buy a currency and look to sell it right away, you do so at a loss). In the event that retail banks need more of a given currency, they go to the tier above them -- the Interbank market.

Retail Forex Brokers. The newest tier consists of retail foreign exchange brokers. These foreign exchange brokers allow individual traders to speculate in the forex market in real time -- much like how interbank participants operate. These forex brokers typically have relationships with retail or Interbank market participants with whom they offset their orders. In other words, they take prices from the banks they have relationships with, add a markup, and then give this new price to retail traders. Many forex brokers also opt to match orders internally, meaning they match up buy and sell orders from their own clients, and only offset with the banks they have relationships with when they need to.

This is the three-tiered structure of the forex market, and is the basic framework through which virtually all foreign exchange transactions go through.

Simon Parth has been an active forex trader since 2002. He is the co-founder of InformedTrades.com, a community dedicated to creating a comprehensive free online school for traders.

Article Source: http://EzineArticles.com/?expert=Simon_Parth

Forex Scalping for Beginners - Learn This Simple Fact Or Lose!

2008-08-16T12:32:00.000-07:00

By Monica Hendrix

This article is all about forex scalping for beginners and a key fact you need to learn, if you are thinking of incorporating it in your forex trading strategy - If you don't understand this fact, you are 100% guaranteed to lose, so here it is...

Forex scalping is based on dumb logic and doesn't work. Before we look at why, lets dispel the myth that vendors selling scalping systems make money - they don't. You will always see this with any track record - read it carefully:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Personally I think the above should be banned and vendors should NOT be able to present track records that are not real, as they are totally meaningless.

Let's face it who couldn't make money knowing the closing prices?

My little Niece could beat George Soros (and she's only 9) if she knows the closing prices! The problem is we can all be multi millionaires quickly with this info - but trading forex is a little harder, we have to trade not knowing the prices in advance.

Check any forex scalping track record you like and you will see the above or a similar disclaimer. I did see one that printed the vendor's bank statements as proof the system made money but that profit was probably from selling systems not trading!

Of course there were no supporting broker statements.

So why is forex scalping destined to lose?

Think about how prices are determined:

Millions of traders all with different systems, motivations etc all as a mass group decide the price and you CANNOT Predict what this group will do in a matter of hours.

All short term volatility is random in nature, you cannot use short term levels of support and resistance, so you cannot get the odds in your favor and you therefore cannot win at forex scalping and that's a fact.

Forex scalping and day trading is an area where you won't make money, so don't bother trying. If you must trade short term use forex swing trading - its still short term but you can get the odds in your favor and that's what you need to win at forex trading.

Today there are many vendors who simply lie about the profit potential of forex scalping and hope the naïve or greedy trader falls for it - make sure you don't.

Forex scalping always reminds me of the old burger king ad where they claimed to have more beef in their burgers than McDonald's and in the ad the man picked the burger up and said:

"Where's the beef?"

In forex scalping terms translated means:

Where is the real audited track record?

To be fair it's not a fair comparison.

There was of course beef in the McDonalds burger - but you won't find any profits in the track record of a scalper, just a made up track record done without trading!

So our lesson is in terms of forex scalping for beginners - forget it, try a different way of making money in forex and if you want to trade short term - try swing trading.

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Article Source: http://EzineArticles.com/?expert=Monica_Hendrix

Forex Trend Following - 4 Simple Steps to Catching the Mega Moves

2008-08-16T12:31:00.000-07:00

By Kelly Price

If you want to make money from global FX, then the best profit potential comes from long term forex trend following and this means catching and holding the mega trends that last for weeks, months or years. You will see them on a forex chart but what the best way to catch them? Let's find out...

Were going to use a simple 4 step system, if you want to make forex profits it's worked and has always worked. This forex trading strategy will put the odds on your side and will ensure you catch every BIG move.

This system is simple and you need to understand this fact - all the best systems are. Forget expert trading systems, neural networks or lots if indicators - simple systems work best as they are robust and with fewer elements to break in the face of brutal ever changing market conditions.

Let's start with a simple fact:

If you want to make money forget "buying low and selling high" - you will miss all the big moves. Instead look to "buy high and sell higher" and for this you need to understand breakouts. Breakouts are simply breaks of important support or resistance levels on a forex chart. Most traders can't buy these breaks.

They want to hold on and wait for the price to come back to get in at a lower "better" price and of course prices don't pull back - they continue. The losing trader then watches these moves sail over the horizon and he's not in!

Make sure you don't make the same mistake. Right lets look how to catch and make forex profits from breakouts.

Step One - The weekly chart

This gives you the big picture look for levels of support that have been tested at least twice (the more the better) and are in two time frames (the wider apart the better), these are levels that are deemed important by the market.

Step Two - Look For the same levels on the daily chart

You are going to time your trading signal off this chart, so look levels that are the same or close to the weekly levels - now wait for the price to break.

Step 3 - Is the break valid

Not all breakouts continue, some are false, so wait for the break and check momentum. You want to ensure the break is strong.

We don't have time to discuss momentum oscillators here - but you should use one or two to confirm the break and the stochastic and Relative Strength Index (RSI) are good ones to use. If there in line with the break - go with it.

Step 4 - Protection and Following the move

The stop loss is obvious - behind the breakout point. Now when the break occurs, if it is a good one it will accelerate - as stops are hit and fresh buying comes in, as the supply and demand situation changes - WAIT.

DO NOT trail your stop up to quickly.

You want the move underway and you need to ignore volatility in the short term.

Once the move is well underway, start to trail your stop but hold it outside of daily volatility ( if you do not understand standard deviation of price make it part of your forex education now), this means trailing right back - when the move turns, you are going to give back some profit, that's ok. If you caught just 60% of every major trending move you would be very rich! If it's a big move you will have plenty in the bank and you can't predict where prices go so don't try.

Simple?

Yes the above is very simple and it works. Simple forex trading systems work best, as they are robust and they always have. Complexity has no correlation with forex profits so don't confuse the two and try and be to clever.

If you try the above and you are patient, you will be forex trend following the right way, catch all the big trending moves and make big forex profits.

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

For free 2 x trading Pdf's with 90 of pages of essential info and more on Currency Trading Systems visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Kelly_Price

The Forex Assassin Review - Is This Forex Robot Trader A Scam?

2008-08-16T12:28:00.000-07:00

By John Schadler

Is it really easy to make money on the foreign exchange like the Forex Assassin author claims? If you do not know yet, 95% of traders lose money in the currency markets, and that information means that it is harder to earn money from forex than it is to produce a trading system like the Forex Assassin. So what are the right things that 5% successful traders do, and does the FX Assassin help you become one of them?

1. How Does A Successful Trader Trade The Forex Market?

The number one critical factor is to have a proven and profitable system, along with the right discipline to follow it. Many people simply start playing in the currency market without having a clear plan of what they want to do for every situation they encounter. They simply start trading right away, looking to buy low and sell higher to gain pips. This is a sure way to lose money in the long run as the trader has no set profit goals and stop loss amounts, and his/her actions will certainly be overcome by greed eventually.

2. Always Have a System Before You Enter a Trade, and Never Change It Until You Get Out

Before establishing a system, ensure that you will have the discipline to follow it until you exit the trade. Once you have that, take time to understand the logic and reason why your forex trading system should work. This gives you enough confidence to use it well when you are trading.

3. What Exactly Does The Forex Assassin Help You Do?

This system has helped me take out a lot of stress for my trades, because it does not need me to monitor charts all day long, and I do not need to spend time in front of the computer all the time.

It contains a completely mechanical formula that requires me to input price data into it every weekend, and then it produces profit and stop loss amounts that are calculated with the formula in the Forex Assassin. In my period of testing this formula, it has given me good returns and I have continued to use it until today.

Is The Forex Assassin another useless piece of Forex trading software? Visit http://www.top-review.org/the-forex-assassin.htm to see results of this trading software, and Click Here to Download The Forex Assassin!

Article Source: http://EzineArticles.com/?expert=John_Schadler

What Sets The Successful Forex Trader Apart From The Pack?

2008-08-16T12:25:00.000-07:00

By Donald Saunders

Take two groups of forex traders, one successful and the other, well let's just say less than successful. If you were to analyses the characteristics of the two groups, what do you think the main difference between the two sets of characteristics would be?

Whatever you do in life, including Forex trading, the one thing that will do more than anything else to make the difference between success and failure will be goal setting.

It's a simple fact that the human mind works best when it has a clear roadmap to follow and, once you set yourself a goal, you clearly mark the destination on your roadmap. But a destination by itself is not enough and the way in which you go about goal setting is vital to filling in the route to follow to reach your destination. Let's look at an example.

You might decide that you want to make a fortune as a Forex trader. Well who doesn't? But this won't help very much unless you define just what you mean by a fortune.

Goals must be measurable. Your goal has to be concrete and you must be able to measure it if you're going to be able to assess how far away from it, or close to it, you are.

So, let's say you decide to set yourself a goal of making $1,000,000 in the next year. Now you have a destination. The problem is that, since you're probably new to Forex trading, are still learning the ropes and have relatively limited capital to play with at this stage, making $1,000,000 in the next twelve months is probably not realistic.

Goals must be realistic. Whatever goal you set yourself, and in whatever walk of life, it must be within your capabilities. There's little point in deciding that you're going to win this year's US Open Golf Championship if you've never even picked up a golf club.

So, let's rethink our target and instead of $1,000,000 let's aim for say $120,000. Next we need to break this down and put some marker posts on our road map. This first thing that we can do is to look at our target on a monthly basis rather than an annual basis. We've now got a series of $10,000 markers. Great, let's keep going and break it down further into weekly markers of $2,500. At this point we've got something that we can examine in the light of our current experience and it's simply a matter of asking whether or not this figure is possible. Can you make $2,500 trading Forex in the next week?

Goals must be attainable. It's one thing to be capable of reaching your goal (setting a realistic goal) but you also need to have the right tools, in the right place at the right time. If you're currently making $500 a weeks then it's unlikely that you're going to turn this into $2,500 overnight so your goal would not be attainable and you need to go back to square one and start again.

Assuming however that $2,500 is attainable, then there's just one last step you need to take before you set off on your journey. You need to paint yourself a mental picture of your destination.

Although you've set yourself a goal of making $120,000 the money itself is not really what you're aiming for, it's what you can do with the money that's important. You don't do to Las Vegas because it's Las Vegas you go to see the shows and play the tables. So, having got your $120,000 what are you going to do with it? If you're going to buy a new car then paint yourself a picture of yourself driving down the coast road into the sunset with the roof down. Now you've got a goal.

Set yourself a goal that is measurable, realistic and attainable and keep the picture of your goal clearly fixed in your mind and you'll surprise just how easy it is to reach your destination.

LearningForexTradingOnline.com is the ideal place to currency trading and provides information on a range of topics including the value of having a forex trading mentor

Article Source: http://EzineArticles.com/?expert=Donald_Saunders

Market Timing - The Golden Rule Of Entering Trades For Big Profits

2008-08-16T12:11:00.000-07:00

By Sacha Tarkovsky

If you are entering ANY Trade and want to maximize profits you need to obey the golden rule of timing your trade entry correctly.

Most traders ignore this rule and time their entries incorrectly and lose. So what is the golden rule of market timing?

Let’s Find Out.

The Golden rule is:

Trade On Confirmation and don’t predict!

Many traders like to predict where prices are going to go with no confirmation from price action and impose their view or emotions on the market.

Let’s look at some examples.

1. Buying Into Support

A trader sees prices move to support and buys.

They simply hope support will hold however, there is no room for hope in the market.

If the trend is down assume prices will continue.

You need to wait for support to hold and price momentum to reverse this confirms the move.

The best way is to use a momentum indicator and the best one is the stochastic. Wait for price momentum to turn up on the stochastic and then go long.

The same logic applies to selling into resistance.

2. Buying a breakout

Buying breakouts from new highs is one of the most effective ways of catching the big trends and the majority start from new market highs NOT new market lows.

Most traders however psychologically cannot buy a new market high and miss the move

Why?

They actually choose to ignore the confirmation of a new trend and want to buy at a lower price i.e they want to buy the pullback!

Fact is however that most major breakouts don’t pull back - they continue and the trader never gets on board.

If a breakout occurs the market is confirming the trade to you so take it.

Waiting for the price to pullback is one of the most common errors in forex trading.

Of course, we all want to “buy low and sell high” but the real pros know to make money you need to:

“Buy high and sell higher”

Market timing means acting on confirmation.

In both the above examples you can’t buy low – You miss part of the move but this is the only way to trade to make money.

When a move confirms you trade.

People get obsessed with buying the lows. or waiting for the lows to be re visited and that’s why they don’t win.

Learn to trade on confirmation and use the best timing tool of all the stochastic indicator, which gives you short term price momentum.

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On all aspects of becoming a profitable trader including articles, feature, downloads and systems and an exclusive Gann Trading Course visit our website at http://www.net-planet.org/index.html

Article Source: http://EzineArticles.com/?expert=Sacha_Tarkovsky

Seven Habits Of A Successful Forex Trader

2008-08-16T12:06:00.001-07:00

By Tony Hosea

Successful Forex traders all share many of the same characteristics.

1 - As with any business, being successful requires a plan. Forex trading is no different in this respect. To trade profitably requires planning and then reviewing, possibly revising, and definitely following that plan .

2 - To be successful you must have adequate capital. No one should go into any business for the long term without adequate working capital. No matter how good your trading methods are inadequate capital can take you out of the game right when things are starting to go well for you.

3 - Have realistic expectations. You will not profit in Forex trading if you don't start to trade until you find a trading method that yields 1000% per month.

4 - Those who are consistently profitable have discipline. Trading discipline requires that you simply follow your methods to the letter. Many traders make the mistake of not taking a trade that their trading system requires because "it doesn't feel right". Second guessing a successful system is a recipe for disaster.

5 - To trade profitably you must think in a big picture fashion with long-term wealth and prosperity in mind. You will have loses in all Forex trading. They are inevitable and part of doing business in Forex. You will profit as long as the sum total of your wins exceeds the sum total of your losses.

6 - Plan to be successful by making sure that you do your homework. I've seen people jump into Forex trading after studying the trading business for the same amount of time it takes to read a lunch menu. This is a big mistake. The Forex market eats unprepared traders alive.

7 - Do not look for the Holy Grail of Forex trading. Those who are successful in Forex trading get there by doing what works and doing it consistently. They are not constantly on the lookout for some incredible trading method that will change their lives forever.

Whether you're a beginner or a seasoned pro you'll discover the best Forex Trading Price Action Support And Resistance tips, tricks, and techniques at our Forex trading website. Get the inside scoop with our free Forex trading report for traders of all skill levels. Grab your complimentary copy at http://www.ForexExaminer.com today.

Article Source: http://EzineArticles.com/?expert=Tony_Hosea

Learn Forex Using Your Broker's Tools

2008-08-16T12:06:00.000-07:00

By Milton Z. Ziegler

In recent years, FOREX trading has gained tremendous attention from the masses. In short,
FOREX is the foreign exchange market where participants are able to buy and sell currencies
when conditions are favorable. In doing so, they get a great return on their investments. As with
stock, you would buy when it is low and sell when it is high.

Of course, if it were that simple, everyone would join in on the FOREX boom. However, much
time, research, and homework will go into understanding FOREX and its nature. To succeed as a
FOREX trader, you have to know how to predict changes, analyze trends, and keep up with rising
and falling currencies.

It is plain to see that learning FOREX is a must if you intend on becoming a successful FOREX
trader. If you have the time or money, you can attend classes or take online courses to better
understand FOREX. However, even if your time or resources are limited, you can still learn
about foreign exchange on your own time with little money.

There are books, tutorials, and software available to train you in the methods and techniques of
FOREX trading. It is advisable that you pick up a how-to or beginners book to at least understand
the basics. At the least, you should read a few articles and learn some trading techniques.

Getting Started in FOREX

With the presence of the internet, it is easy to get started in FOREX trading. There are many
brokerage firms that offer online trading so you can go online from your home computer at any
time of the day or night. All you need is software, which is available through the brokerage firm.

It is best to get started with a demo. The demo will walk you through and teach you how to use
the software. But the greater benefit here is that you will have a chance to test the software using
play money. Not only will this help you get a grasp of using the software, it can also help you test
trading methods and put your research into practice.

Learning FOREX

It might take some time to learn the principles and logic behind FOREX trading. When should
you buy currency? At what point should you sell? The unpredictability of the FOREX market
keeps some individuals from becoming active traders.

There are various trading methods involved with FOREX. No one method is perfect, but each
method or technique can show you how to analyze trends and better predict changes in currency
based on current market conditions. You should look into understanding pips, or Price Interest
Points. FOREX works in increments called pips, and some techniques will show you when it is
best to sell, based on pips.

By understanding everything there is to know about FOREX, your chances of success is good.
However, it will take practice and time to perfect your trading techniques, so start with a small
amount. Take full advantage of the demo software and use it until you feel comfortable with
FOREX trading.

Get the latest in learn forex know how from the only true source at http://www.forextradingline.com Check out our learn forex pages.

Article Source: http://EzineArticles.com/?expert=Milton_Z._Ziegler

Forex Currency Online Trading - What is It?

2008-08-16T12:00:00.001-07:00

By Ricky Lim

Forex trading is where a person buys and sells the foreign currencies of different countries and is similar in many ways to stock trading. But just like stock prices you will soon find that the prices of foreign currencies also move up and down. Forex currency online trading is simply conducting forex trades electronically over the internet.

Although from reading above, it may seem that Forex currency online trading seems a bit dull, in fact it can be quite a lot of fun. Certainly this can often be one of the most profitable forms of internet investing opportunity that a person can get involved in. All you need to do is have a PC or laptop that is connected to the internet and an online forex account and you can start trading.

To trade forex online, all you need to do is open a forex account with one of the many brokers that advertise on the web. Usually for a regular forex account, a minimum of $5000 USD is required. If you do not have so much money, you can open a mini forex account. The minimum can be as low as $100 USD and you can perform all the functions similar to a regular forex account.

Once you have opened a forex account, you just need to follow the forex website simple instructions with regards to purchasing and selling currencies. Often you will find that when you initially purchase your currency the price will be low but within a matter of seconds or minutes the price will have gone up and so you may sell it and this is the way that you make your profit. Certainly by just buying, selling or trading these foreign currencies for between 3 and 4 hours each day a person can easily make between $500 and $1,000. Some forex traders can make a lot more as well.

There are many benefits that a person can gain from doing Forex currency online trading and one of these relates to real time access. Many brokers and trading companies online offer their customers real time quotes and data which is extremely crucial in the world of trading. As the currency market is extremely volatile and things can often change at the drop of a hat having your finger on the pulse of what is happening in the market is key.

However, if you have not actually experienced online currency trading before then it may be wise to take an online Forex trading class before you actually start trading. You will find that there are a whole host of books, classes, video tutorials online that you can use to help you know about forex currency online trading before you start trading.

Ricky Lim is the owner of http://www.learn-forextrading.net, the premier site for forex currency trading for beginners where he provides forex trading tutorials.

Article Source: http://EzineArticles.com/?expert=Ricky_Lim

Forex Trading - Do You Have What it Takes? Answer These 10 Questions and See if You do!

2008-08-16T12:00:00.000-07:00

By Kelly Price

So you want to win at forex trading? Well try answering the 10 questions below correctly - if you get them all right congratulations! You are on the way to entering the elite 5% who make big consistent gains.

1. Day trading is a great way to make money.

The correct answer is no. All short term volatility is random and you cannot win long term. That's why you never see a day trading record with a real time track record, it's always simulated. The same goes for forex scalping - it's a loser's game.

2. Trading is a gift and not something everyone can learn

The correct answer is no. Anyone can learn forex trading if they have the right mindset. This was proved by legendary trader Richard Dennis who taught 14 people to trade with no experience in 14 days and they went on to make millions.

3. A Simple trading system is better than a complicated one.

The correct answer is yes. As a general rule all the best forex trading systems are simple. There easier to understand, apply and tend to be robust. Make a system to complicated and it will have too many elements to break.

4. You can trade the news an expert opinion and make money

No you can't! This is rubbish, news is instantly discounted by the market and by itself does not determine price - people do. The events are unimportant its how people perceive them that are important.

5. You don't need to work hard - effort has no bearing on profitability

The correct answer is yes. You don't get paid for effort you get paid for being right with your trading signal and that's it. You can take 10 hours deciding or 10 minutes it makes no difference to your success.

6. Human nature is constant so you can use a scientific theory and predict

The correct answer is no. Human nature is constant - but you cannot predict it with a scientific theory. If you could we would all know the answer in advance and there would be no market? Forget predicting, you will end up with results that are as accurate as your horoscope!

7. Buying new highs is better than buying low

The correct answer is yes. Most new trends start from new market highs (breakouts) if you try and buy low you will miss most major moves.

8. Your Risk per trade is your anticipated gain minus your stop

No it isn't. This is one of the biggest misconceptions of trading, it's simply an opinion.

9. I can follow an expert and make money they know best

They may but the best answer is no. It doesn't matter if they have made money, you have to have the discipline to follow them and that's unlikely, if you don't have full confidence and understand their method. Keep in mind, if you don't have confidence in a method, you won't have the discipline to follow it. A good method doesn't guarantee success, you need the discipline to follow it - if you don't you have no method!

10. You Should Always be in the market in case you miss a move

The correct answer is no. You should only trade when the odds are in your favor and not trade for the sake of trading or hoping that you will be in the right place at the right time.

Got them all right? Then here is your bonus question!

Answer this question with no thinking and no pause:

My trading edge is (defined)

A trading edge is something you have confidence in, that can allow you to enter the minority of winning traders. Don't know what it is?

Sorry it's back to your forex education until you do - if you can't define it you don't have one.

Got all 11 right? Great your all set to enjoy currency trading success!

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Article Source: http://EzineArticles.com/?expert=Kelly_Price

How to Start Forex Trading

2008-08-16T11:55:00.001-07:00

By Milton Z. Ziegler

If you're looking for a smart, new way of investing your money, look no further than FOREX!
Many individuals have turned to FOREX to replace their stock activities and to supplement their
income. When done correctly, you can see a big return on your investment.

What is FOREX?

FOREX is short for foreign exchange. The best way to understand FOREX is to think of it as
buying and selling money. This is done through the international foreign exchange market.
Participants of the FOREX market buy a specific currency and sell it when it is favorable to do
so. Your best bet as a FOREX trader is to understand and analyze trends so you can pick up on a
rising currency, whether it is the Japanese Yen, the Euro, or another currency.

Practice Makes Perfect

Because there is real money involved in FOREX trading, it is understandable that many people
are hesitant to join in on the action. The good news is there are ways to practice without investing
real money. You should read up on various trading techniques and thoroughly do your
homework. When you are ready, download some demo software and give it a whirl.

During the demo period, you can use play money to trade currencies. You can use the time to
better understand the FOREX market and how to use the software. There are many web resources
that you can find that offer advice on the foreign exchange market and how you can analyze
information and predict changes in currency. Once you have a good system going, you can use
real money to give it a go.

What is the Risk?

As with any investment, there are risks. Even if you research techniques, study trends, and learn
to predict changes, things can still go sour. The best advice here is to use your head and better
judgment. Many people will see the power of FOREX within a few short hours and go in over
their heads and gamble away their investment. As a FOREX trader, you will have to learn when
to sell. Many a FOREX trader become too greedy and hold onto a currency for a second too long.

You can use the stop loss order to better control your trading activities and limit your losses. You
can set up specific numbers, and the trading software will sell the currency when it has reached a
certain point. This goes both ways; you can set an upper limit and a lower limit so the system can
automatically sell when the numbers are comfortably high or low.

How to Start in FOREX trading

The most popular way of trading in the FOREX market is to do it online from your home
computer. This way, you have greater control and access to your investments and can make
changes and adjustments any time of the day or night. Online platforms have become a great way
of taking part in FOREX, so you won't find a shortage of platforms or brokerage firms online.
Make sure you find out about fees or commissions that you might be responsible for paying.
Always test the software to make sure that you can use it properly.

Get the latest in forex trading know how from the only true source at http://www.forextradingline.com Check out our forex trading pages.

Article Source: http://EzineArticles.com/?expert=Milton_Z._Ziegler

Forex Price Movement - Use This Simple Equation to Understand it and Win Big

2008-08-16T11:55:00.000-07:00

By Kelly Price

Forex price movement - how and why exactly do prices move? Simple enough you might think but most traders have no idea about how and why prices really move if they did 95% of forex traders wouldn't lose! Let's look at a simple equation for market movement.

Here it is but its simplicity is deceptive...

Supply and Demand Fundamentals/ News + Investor Perception = Market Price

Now here are some mistakes traders make by not fully understanding the above - If you believe any of the following, you can say goodbye to your equity.

- You can day trade and win

- Markets move to a scientific theory

- Market tops and bottoms can be predicted in advance

- Buy low sell high is a good way to trade

- You rely on trading expert news stories

- You try and trade the fundamentals

ALL the above will see you lose - let's look at why:

Firstly, trading is an odds game, as humans are illogical and millions make the price.

Their all governed by emotions - you cannot hope to predict what they will do and furthermore - you can't do so in short time frames and that's why day traders lose.

Trading the fundamentals is not possible because they are unimportant - its how their perceived that determines the course of events and the price.

So how do you win?

As a forex trader forget about predicting its simply hoping or guessing there is no scientific theory of market movement - if there were, we would all know the price in advance and there would be no market. Forget vendors who tell you they can predict if they could they would be rich and wouldn't need your money!

Trading is an odds game but that doesn't mean you can't win you can.

The easiest way to trade is to use forex charts and simply follow forex price action, trading the reality of price change - no hoping or guessing, just trading the facts.

Fundamental news is discounted instantly in the price and you will see that on the charts - but you will see something more, how investors perceive the fundamentals and that's the beauty of forex charts.

You see the whole picture as it is, no hoping or guessing just the reality, as it is.

Now human psychology may not be wholly predictable - but human nature is constant and this will show in repetitive high odds chart patterns which occur again and again.

If you spot and act upon them you can make money.

So when looking at forex price movement remember, it is not the fundamentals that are important or the news - but how investors as a whole perceive the news.

If you understand the above, you will see why simply following charts and acting on the reality of price change can make you money.

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For free 2 x trading Pdf's with 90 of pages of essential info and more on Currency Trading Basics visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Kelly_Price

Forex Profits - Want Them? Use This Free Automatic Trading System!

2008-04-19T06:45:00.000-07:00

I have been a trader for over 25 years and for most of this period I have used the free automatic trading software system I will describe here, as part of my forex trading strategy and it's been highly profitable. Here I will share it with you.

The system was originally thought up by trading legend Richard Donchian and many great traders have used it and held it in high regard.

While it is simple (one rule) its extremely powerful.

You don't need a computer to use it you can work it out on paper! You can also customize it to fit your risk reward parameters.

By the end of this article you will know the rule it is based on and can test it and you will know exactly why it does work and will continue to work, so here is the rule of the system, called Richard Donchian's 4 week rule:

When the price is at its highest in a four week period, buy long and cover short positions if the price falls below the lows of a four week period, sell short and liquidate long positions.

That's it! - Very simple but that makes it extremely robust and a great trend following system.

Don't think because its simple it doesn't work - it does but it does of course suffer drawdown when the markets are not trending so, you need to have an adequate spread of contracts to trade it or adjust the exit rule.

As a trend following system its not meant to catch tops or bottoms and is not to fussy about market timing - but it does work long term. So how do you cope with drawdown when markets are not trending?

You can try shortening the time period to a more sensitive 1 or 2 weeks for liquidation purposes and then re-enter on the 4 week rule.

You can of course exit on a lagging moving average and you can back test any between 20 and 10days. Many traders I know like to use RSI, ADX and other filters, the choice is yours.

The basics of the system are obvious and it's really the exit levels that need some work if you don't want large drawdowns.

Consider this fact:

Currency markets tend to trend well longer term and this system will always keep you in the strong trends - its objective to, so you don't need to make subjective judgments and will take you around 15 - 30 minutes a day to trade and that's it.

Of course this system doesn't trade a lot and requires a lot of discipline to follow but it works.

Today this system with one rule and its brutally objective approach, won't appeal to most traders - they want to apply science and love systems that have the chaos theory or artificial intelligence in them but this system will beat most of these trendy hands down because it's so robust.

Complicated strategies don't work as they have too many elements to break.

Donchian left a great system that anyone can understand, use and make money with. Before you think about buying a system, try this one and add your own money management if you wish and you will see it's a great tool for forex profits.

NEW! FREE FOREX BREAKOUT TRADING SYSTEM PDF

For free 2 x trading Pdf's, with 50 of essential info and more on Long Term Forex Trading Systems visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Kelly_Price

Forex Day Trading Mistakes That Will See You Lose

2008-04-19T06:44:00.000-07:00

Here we are going to look at forex day trading mistakes and the key one which causes day traders to lose their equity quickly - it's easy to avoid so let's take a look at it...

The biggest mistake you can of course make is to even attempt day trading despite all the claims you see online the fact is the odds are against you making money as the logic it is based upon is just plain stupid.

Before we start lets get rid of all the scalping and forex day trading systems that claim to make money - they don't. Check the track record of profits and then look for the following disclaimer (or similar) and you will find it. Here it is take a read and then you will see why these systems need to be treated with extreme caution because the track record is not real:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Now you know how they make such big gains they do it in hindsight and that really is not to hard trading real time is:

So why is it a mistake to try forex day trading?

Let me ask you a very simple question:

Several million people all around the world are hedging and speculating in a currency, they all have different systems. Methods, outlooks and are governed to varying degrees by emotion so how can you tell what this vast amount of different people will do in a few hours?

Of course you can't many people think day trading is governed by some mystical higher force and tell you there is a scientific theory don't believe it. People make a market and are unpredictable.

In day trading you will find you simply can't get the odds on your side, as all daily volatility is random and if you can't get the odds on your side you're going to lose long term pure and simple.

So the next time your tempted to want to try day trading with the enticing copy you see look for the small print and you will see the words "simulated" and "in hindsight"

If you want to trust your money to day trading then you are making the key day trading mistake which if you have read this article is obvious - even thinking about day trading is a mistake!

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For free 2 x trading Pdf's, with 50 of essential info and more on FREE Currency Trading Basics Reports visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Kelly_Price

Forex Scalping Systems - A Route To Financial Freedom Scalping Regular Small Profits

2008-04-19T06:42:00.002-07:00

Forex scalping is a method of trading price moves within daily periods, with the aim of making small profits with low risk. The ultimate aim is to make big long term profits. It's the most popular form of trading for novice traders - let's look at the basics of success using this method.

Unfortunately forex scalping sounds good in theory - but does not work in practice.

There are however numerous vendors claiming it works all with great track records, so how do they do it?

Well the disclaimer below will answer this question, take a read and you will see why these track records are not all they appear to be:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Find a forex scalping or day trading system online for sale with a track record of gains and your almost certain to see the disclaimer above (Or similar wording) and of course there is then a problem with the track record - in term of you making profits.

The track record has been simulated in hindsight KNOWING the closing prices.

I am sure by 10 year old daughter could beat George Soros, if she could trade knowing the closing prices however, that's not reality - the reality is trading real time not knowing what will happen next is very hard.

So why doesn't forex scalping work?

The answer is easy, the time period is to short to get the odds on your side, all short term volatility is of a random nature and daily ranges cannot be used to get the odds on your side.

The problem is there are traders in every corner of the globe, all with different forex trading systems, strategies, varying levels of expertise, with diverse opinions and you can throw emotions into the mix as well.

So millions upon millions of people trading and you are going to try and calculate what this vast diverse group will do in a few hours or minutes? Good luck to you, if you fancy a try, I have been trading for 25 years and it's a challenge I think is impossible.

Many novice traders simply throw themselves head first into forex scalping without questioning its dumb logic.

They follow systems that have never been traded and then wonder why they lose - don't try it, unless you want to wipe your equity out.

The first thing you need to do is trade longer term, where you can calculate the odds.

You then need to be realistic about what you can make and get the right forex education.

You can make a lot of money in forex trading and in some instances the money made can be life changing; it remains one of the few ventures in life where you can start with small stakes and get rich, just make sure you get the odds on your side first, learn the correct information and you can enjoy forex trading success.

NEW! 2 x FREE FOREX TRADER PDF's

For free 2 x trading Pdf's, with 50 of essential info and more on Forex Trading Basics visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Kelly_Price

Forex Trading Methods - Automated Trading Systems Vs Manual Ones Which Are Best?

2008-04-19T06:42:00.001-07:00

When you are looking at forex trading methods you have choice between following an automated trading system or trading manually to set of rules so which is best lets take a look...

Forex Robots

Have rules build into them and there simply plug and play time efficient and require very little trading knowledge.

There are some good ones about that are sold online but most (about 99%) don't work and the track records are simply made up and simulated in hindsight. Most carry the disclaimer below, look out for it and forget it:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

There are some that have been traded and tested and have real time track records but be careful - you still have to follow it with discipline and for this, you need to know how and why it works long term.

You need to be confident enough in its logic, to stick with it through periods of drawdown, if you dont understand how and why it works and have confidence in its ability to win longer term, your discipline will go and you have no system.

There are even some free ones that make money. I have written frequently on Richard Donchian's 4 week rule and this incredibly powerful but simple system, is free! Look it up in our other articles.

Trading an automated trading system ( if you find the right one) is time efficient and easy - but you must have a disciplined and patient personality, to keep executing the signals in line with the rules and this is hard, when you had a losing period!

Manual Trading

There is a right way and a wrong way when trading manually - lets start with the wrong way.

The "shoot from the hip" news and story trader - He simply trades on a whim and of course as news is instantly discounted and his emotions are to the fore he losses.

The other trader is the trader who likes to do every trade manually but is still guided by rigid rules in terms of, executing his trading signal and money management.

I am this sort of trader and it suits me as I am involved and although I use rules I can pick and choose the best trades in terms of risk reward - this trading method is obviously my personal choice and each trader will know which method is right fof them.

You can make money with forex robots, just choose wisely and be prepared to have confidence and discipline in the system you follow. As a manual trader you still need discipline but it probably suits the trader who enjoys a challenge.

Which ever trading method you choose, remember to have a disciplined approach and make sure you employ rigid money management criteria, to lead you to long term currency trading success.

NEW! 2 x FREE FOREX TRADER PDF's

For free 2 x trading Pdf's, with 50 of essential info and more on Forex Trading Systems visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Kelly_Price

Automatic Forex Trading - Use These Simple Tips To Pick The Best Trading Systems

2008-04-19T06:40:00.000-07:00

Automatic trading software is seen by many as a great way to trade forex markets. It requires no previous experience, is very time efficient and the good ones can build long term. How do you choose the ones that make money let's find out...

The first point to make is that most of the automatic forex trading software on the net simply won't make you money, if you think you are going to get rich for the price of a night out your mistaken.

Forex trading is not east that's why 95% of traders lose money and while automatic trading software can work you need to be very careful in how you choose one and this is what were going to look at now

First - if you see great advertising copy which looks to good to true it probably is and chances are you will also see the warning below NEVER consider software with this on it here it is:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

These track records are not worth the paper their written on - there made up knowing the closing data and that's easy.

I made the mistake 20 years ago of buying software that claimed 100,000 in profits quickly and bought it for under $100.00 -, now looking back I found the old sales copy (which was great) but also the disclaimer but of course being new to the industry and naïve I bought it without considering that it was so cheap and hadn't been traded.

Huge numbers of traders make this mistake and it is guaranteed to lose you money so beware of the disclaimer.

Just think to yourself - if the vendor hasn't had the courage to trade his own software why should you and why if its that good are you being told about it and offered it so cheap? You know the answer now!

What you need to do is look around for software which has either been independently tracked by third party or has been traded for real with an audited track record and that means broker account statements

These software packages will tend to be in the $1 - 10,000 + range and many are well capable of producing more than there cost - but again be careful, only buy ones you understand the logic of and you have confidence to follow.

If you don't have confidence - you won't have the discipline to stick with them through losing periods and will throw in the towel when you hit a few losses. Keep in mind if you don't have the discipline you may as well not have bothered buying one.

Automatic forex trading systems are all the rage today but stop to think before you buy and do your homework and make sure you find one that's tested, you have confidence in and can follow with discipline - if you do that you have a good chance of making some great forex profits.

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Article Source: http://EzineArticles.com/?expert=Monica_Hendrix

Forex Currency Trading - How To Make Consistent Profits In 4 Simple Steps

2008-04-19T06:39:00.000-07:00

Forex, currency trading whatever you wish to call it is an opportunity to build wealth however, the fact remains 95% of traders lose money. This is not because they can't make money but because they make simple errors. This article is designed to put you on the road to forex profits in 4 simple steps.

Step 1 - It's up to YOU

No one can give you success for no effort so forget all the automatic forex trading systems and forex robots people try and sell you on the net which for a few hundred dollars are going to make you rich - they won't!

Mind you, if you are serious about forex trading you knew the above already so, what you need to do it to this.

Step 2 - Work Smart NOT Hard

Forget about all the mentors or gurus trying to sell you secrets there are none - forex trading is down to learning the right information and getting the right forex education. This should not take long a couple of weeks maximum.

Keep in mind you don't get paid for effort in forex trading, you get paid for being right and that's all.

Many traders make the mistake of thinking the harder they work, the more they make - Not true, that may apply in a 9 - 5 job but not in forex, currency trading.

Once you have learned the right information you then need to have a forex trading strategy you have confidence in and can trade for profit.

Step 3 Your Forex Trading System for Gains

Many novice forex traders think building a forex trading system is hard not so you can build a simple, robust profitable quickly and you need to keep it simple!

Simple strategies work best as they are more robust than complicated ones with fewer elements to break in the brutal real time world of trading.

A good way to start is with a simple breakout system.

This is a timeless way to make money and is easy to understand, implement and will make you money. We don't have time to discuss in full here - but look up breakouts, support and resistance add some momentum indicators and your all set - we have covered building a system in other articles, just look them up.

Keep in mind this once you have your system you have one key element you must pay attention to and that's:

Step 4 - Get the Mindset for Success

While a robust simple trading system will work, you still need to apply it with discipline.

Discipline is the real key to long term gains. If you don't have the discipline to apply your forex trading system, you don't have a system - Period!

If you have built your own forex trading system, you will have confidence in it - this is vital for you to stay with your system through periods of losses ( don't believe anyone who tells you can make a regular income - you will have losing periods that's life) with discipline to achieve long term success.

The Challenge is there are You UP For It?

Forex, currency trading is not hard if you work smart and get a simple robust system you can apply with discipline.

Most traders thing other people can give them success - that's not life your on your own but with the rewards on offer that's the best place to be.

If you have desire, a willingness to work smart and the mental attitude to succeed, you can make big gains at forex, currency trading and enjoy success - its as simple as that.

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For free 2 exclusive x trading Pdf's and more on Forex Trading Profits visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Monica_Hendrix

Trade Forex On Autopilot Beware Of Curve Fitting Or Lose

2008-04-19T06:38:00.000-07:00

There are numerous systems that will tell you that you can follow the signals they generate and make similar gains to the track records they show. There is a problem with most of them and that's curve fitting which, means most forex robots lose - lets take a look at it.

Curve fitting is when a vendor simply runs system rules across back data and bends the rules to make a profit.

It's of course easy to make a profit in hindsight, as you know what happened and we can all make money if we know the prices in advance however, it's much harder going forward not knowing them!

Most systems worth their salt, will have been traded and have a real time track record presented with them. This doesn't mean the system will win in future, as past performance never guarantees future results - but it at least it gives you confidence the system is on soundly based logic.

If you see any forex robot that has track record that looks good, look for the disclaimer below and if you see it pass it by - it's unlikely to make you money and about 99% you see will have it - here it is:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Many traders simply don't bother reading the above, or ignore it totally.

Keep in mind if you are putting your equity in the hands of a forex robot or automated trading system, surely it's a good idea to at least make sure someone has traded it?

The problem is most vendors who sell these robots curve fit them and as no two portions of data ever replicate themselves exactly, there doomed to lose in the real brutal world of trading.

Forget hyped copy and simulated track records and look for one with a real time track record.

Once you have found one, make sure you know how it works and that you have confidence in its ability to make money. If you don't know how it works and have confidence, you won't have the discipline to follow your chosen forex trading system with discipline and without the discipline to follow your system, you don't have one!

There are some good systems out there will real time track records (or at least independently tracked ones) which can and do make money. You're probably looking in the price range of $1 - $10,000 for a decent one and they will pay for themselves many times over if you do your homework on them.

Trading forex on autopilot is great idea in theory - but beware of the curve fitted, simulated track record ones that are cheap with track records that look to good to be true - they are. Be realistic, be sensible and take your time choosing the right forex robot for you.

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Article Source: http://EzineArticles.com/?expert=Monica_Hendrix

Forex Price Action - Learn How Prices Really Move For Bigger Profits

2008-04-19T06:37:00.000-07:00

Forex price action you need to know the factors that affect price to make money with your forex trading strategy and it's a fact most traders do NOT understand the factors that drive prices - If you do, you can enjoy better market timing and bigger forex profits...

Let's start with a simple equation:

Forex Fundamentals (supply and demand factors) + Investor Perception of = Forex price Movement.

Now the above is simple - but many traders misunderstand what the equation means and make these critical errors:

1. They try and trade the Fundamentals

They see all those convincing experts on news wires etc and try and trade the news stories - but that's all they are stories. Prices don't move based upon the fundamentals alone - they move on how humans perceive them.

We all have the same facts to look at - but we all draw different conclusions from what we see and your view, my view and millions of others, determines the final price.

Humans are not logical either, their view is colored by greed and fear and if try and trade the fundamentals in isolation, you will lose.

Will Rogers once said: "I only believe what I read in the papers" and he was of course joking - but you would be surprised at how many people take news stories as gospel and trade them and end up losing. Keep in mind this fact:

Markets rally when the news is most bearish and fall when its most bullish - this is not a reflection of the fundamentals but of investor psychology.

2. Market Move to a Higher Force

On the other hand, you have a group of traders who believe prices believe that prices move totally detached from the fundamentals and move to some higher scientific theory and can be predicted with scientific accuracy.

Of course this view is wrong. Humans are NOT scientific and don't move to a criteria you can judge. Sure, human nature is constant - but it can't be measured with scientific accuracy - if it could, we would all know the price in advance and there would be no market!

So how do you Judge Forex Price Action?

We know the fundamentals don't help on there own and we know all the scientific theories based on forex technical analysis are wrong, that doesn't mean you can't make money from forex price action. Here's how you do it:

Understand this first:

Forex trading is a game of odds NOT certainties but if you can play the odds you can win. Just like the good poker players, you bet when the odds are in your favour and fold when there not.

You can still use forex charts and all you do is look for high odds trades.

Keep in mind forex charts show you the fundamentals (they simply assume all known fundamentals show up in price action) but they do something more they show you the reality of how humans have reacted to them - its clear on a chart right in front your eyes.

Trade the Truth For Bigger Forex Profits

You don't need to hope, guess or predict forex price action you simply respond and act on forex price action as it is and trade the truth.

Forex charts are a great tool to make money with and you can then trade in a disciplined fashion with your forex trading strategy, for big long term profits by trading the odds.

A forex trader who does this doesn't care how or why forex price action unfolds - they just want to make money when they do, by locking into price trends for profit.

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For free 2 exclusive x trading Pdf's and more on Forex Price Action visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Monica_Hendrix

Forex Education - How Ordinary People Became Millionaire Traders After 2 Weeks

2008-04-19T06:36:00.001-07:00

In the late eighties I was reading the excellent book "Market Wizards" by Jack Shwager and was fascinated by a story of how ordinary people were taught to trade in just 14 days and went on to make hundreds of millions of dollars. How was it possible? Let's take a look at the legendary story of the turtles.

Trading legend Richard Dennis was having a debate with his business partner and was trying to convince him anyone could be taught to trade, providing they had the right mindset and education. His partner disagreed and felt trading was a god given gift - Dennis set out to prove him wrong.

He gathered a diverse group of people together, from all walks of life who only had one thing in common - they had never traded before. They were a very diverse group and ranged from a security guard, to a female auditor to a boy just finishing high school.

He then taught them to trade. After 14 days, they were all given trading accounts and real money and the rest is history. This group went on to make hundreds of millions of dollars and become trading legends.

So what can you learn from the story?

The first point is - trading success is open to anyone and all the basics of trading success can be learned. Sure, you may not become as rich as this group but there is a big difference between something being impossible and something that can be achieved.

I personally found the story an inspiration and it was one of the major reasons I opened a trading account.

The other point from the turtle story is that simple trading systems work.

The system taught was very simple (a basic long term following breakout method) and of course all the students learned it in just 14 days. So complex systems, you can forget - keep it simple!

The reason Simple systems work is, they are more robust in the brutal real world of trading than complex ones, whose numerous elements snap under the pressure of volatility.

Dennis of course knew that having a simple trading system was all well and good - but you have to follow it with discipline and employ strict money management criteria to win and this point was rammed home to his pupils.

The problem for most traders is learning methods is easy, applying them is hard, very, hard and if you think its easy you are not a trader.

The Problem is you need to keep applying a system with discipline, even when its taking loss after loss and the market is making you look stupid. This is tough furthermore, and just as important, you have to hold your winners as open equity continually eats your open profit - again this is hard.

If you have confidence in your system and know why it works long term you can acquire discipline like the turtles were, just be prepared for some mental turmoil.

The story should be required reading for any budding trader and in addition to the information in Market Wizards, check out the book - Way Of The Turtle by Curtis Faith, the most successful turtle of all. He gives you all the info on the experiment, the system and his experience, so you have a great view from the inside.

Like I said earlier, you probably wont make as much money as the turtles - but maybe, just maybe, with the right forex education and a burning desire to succeed you could do very well and remember:

Everything about trading can be learned.

Do you have the desire to succeed and a willingness to get the right forex education?

Then try forex trading and see, currency trading success could be within your grasp

Good luck!

NEW! 2 X FREE ESSENTIAL TRADER PDFS

For free 2 x essential trading Pdf's and more info on Forex Education For Success visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Monica_Hendrix

5 Guidelines For Evaluating Your Trading As A Business

2008-04-19T06:35:00.001-07:00

Trading is just as much of a business as any other industry. Treating what you do as a business will help you improve your trading, allowing you to trade with less emotion. Constantly set trading goals to work towards, just as you would create goals for any business. Here are a few tips to improve your trading as a business, helping you reach your trading goals.

1. Your Trading Plan is Your Business Plan - Your complete trading plan is much like a business plan. Included in your trading plan planner should be a concrete statement on how to generate profits and your specific strategies. Much like your own business, you should have a plan in place to reach your trading goals. Setting swing or day trading goals is critical to producing consistent profits and staying "in business."

2. Profit Loss Sheets - Bookkeeping may come second to technical analysis and e-mini futures, but it is just as important as day and swing trading itself. You should prepare a profit or loss statement every month and track where you've made money and lost money. If you're finding yourself losing money in the 10 am - 2 pm period of the trading day, you might consider closing up shop during that time.

3. Have a Routine - If you were going to the office every day, you wouldn't go in sweatpants and a t-shirt. You should be dressing the way you want to perform. Getting up early and getting ready just like you would for any other occupation will keep your mind in the game and bring in consistent earnings. You need to treat yourself the same as you would with a business. Set a trading goal for each day and strive to reach it with profitable trading strategies.

4. Use Profits to Grow - Businesses need more capital to expand and make more money and so does your portfolio. Spending a few extra dollars on advanced trading techniques, tools, and strategies will help you be a better trader. Mark each expenditure against the value of your trading portfolio as you would against the bank account of your business. Each investment is an investment in yourself, and it is also tax-deductible, just like any other business expense.

5. You're Buying and Selling a Product - Shares of stocks are products just like an article of clothing or a pound of carrots. Trading is buying and selling a stock for a profit, much like owning a business is buying and selling a product for a profit. Think of each stock like a product; you might have to have "sales" to get rid of extra holdings or to cut losses, but it is all a part of running a business.

Organizing your trading life like your business increases your probability of market success. When you take time to manage your business, invest in your business, and treat yourself professionally, these are the tools to make consistent profits.

About the Author:

Leroy Rushing is an active, professional day trader; trading coach; and author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide. Trading EveryDay also has many articles with unique perspectives on day trading.

Article Source: http://EzineArticles.com/?expert=Leroy_Rushing

10 Easy Steps To A More Productive Trading Day

2008-04-19T06:33:00.000-07:00

Being a successful market trader can encompass your entire life. The market bell may sound before your morning coffee is ready, and it runs through your lunchtime. When the day is over, you may be too exhausted to even heat up that gourmet dinner. By taking 10 easy steps, however, you can ensure that your mind, body, and portfolio are enjoying a more productive trading day.

1. Turn Off the TV - The TV may provide some financial information, but can be very distracting. Turning down the volume or putting it in an out of sight location will help you focus on day trading. Your trading style can easily be affected by the things you're hearing without you even knowing.

2. Keep in Touch - Skill-building activities will help you stay in the state of mind you need to be profitable. An online home study course is a great tool to get away from the stresses of trading and to learn more about trading. Leveraging your down time into something productive will yield better results.

3. NetWorking - The secrets of profitable traders can only be learned by networking. Indeed, in the financial market, the phrase, "it isn't what you can do but who you know" still reigns true. Professional traders usually know someone who trades and talks to them to bounce off trading ideas and strategies.

4. Take a Lunch - Don't keep yourself tied down to your trade station. Resuming normal activities, such as taking a lunch then a brief break, will make life more normal. Day trading is stressful, and you need the time off to unwind.

5. Look for Quality Trades - Consistent profits don't come from taking every single trade. You need to force yourself to make only quality trades to cut down on commissions and the stress that comes with many open positions.

6. Develop a Trading Plan - Develop a trading plan for certain markets. It is always wise to have your trading plan down on paper so that you instantly see it and act accordingly. If you have extra time, fine tune your strategy with a trading plan planner for certain market conditions. The time investment more than pays off in your portfolio returns.

7. Day Trading Is Not Investing - You're not buying for the long haul so plan your investments around the current time. Avoid stressful situations by selling before the market close. Holding positions overnight is a quick way to wreck your trading capital.

8. Trade With the Market - Only take positions that go with the overall market. If the decliners are outpacing the advancers, it probably wouldn't be a good time to go long, regardless of how great the trade looks.

9. Avoid the News - A complete trading plan should touch on topics such as news events and other large market movers. However, avoiding the daily news will keep random variables from hurting your capital and make you a more productive trader.

10. Take Days Off - If you need to, take a day off from trading to relax. Stressful traders are not productive traders.

About the Author:

Leroy Rushing is an active, professional day trader ; trading coach; and author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide. Trading EveryDay also has many articles with unique perspectives on day trading

Article Source: http://EzineArticles.com/?expert=Leroy_Rushing

Day Trading Forex - 4 Reasons For A Stock And Shares Trader To Migrate Over To Day Trading Forex

2008-04-19T06:29:00.000-07:00

If I am day trading the stock and futures market, why would I want to move into day trading the forex as another additional trading avenue? Are there any special features of day trading the forex market that appear more appealing to stock traders to attract them to trade the forex as well?

In the pursuit of prosperity, we are always looking for ways to create personal wealth, and day trading forex offers much more opportunities to create wealth than say trading stocks and shares and commodities. Why is this so?

Forex Markets open 24/7

The stock markets and the commodity markets have set times that they are open for trading. In contrast, the forex markets are open 24hours a day, seven days in the week, giving much more trading opportunities to the day trader to trade. At the same time, convenience is a key factor, as anyone can trade at any convenient time with a web based trading platform provided free by his forex broker.

Higher Liquidity

The day trader is always conscious of liquidity. It is liquidity that allows a day trader to move smoothly into a day trade instantaneously at the best identified price without lag which will lead to a poor executed price. When he wants to buy, the day forex trader is able to get into that trade almost instantaneously due to the higher liquidity in the forex market and when a day trader wants to sell, he can get out of the currency at his price without delay. Where the difference in a fraction of a cent is important, this characteristic of very high liquidity makes forex trading very attractive. More so, it has been proven that there are trading systems that allow day traders to trade for only an hour or two, freeing them to do whatever they like for the rest of the day after pocketing profits. These are day traders who professionally trade for a living.

Lower Trading Costs

Forex trading seems like a dream to many day traders because there are no exchange fees, no commissions paid to brokers, and low transaction fees. In contrast, the day traders in stocks and shares and futures market all incur fees and commissions paid to licensed dealers and brokers, all of which will result in less profits.

Ability To Earn From Referrals

The active day trader can enter into arrangements with some forex brokers to earn a referral commission from the trades of people he introduces to the forex broker. Now while this is another separate activity, it cannot be denied that this is an added advantage for a day trader to earn something extra from his efforts in introducing or recommending friends to trade as well.

All these features make day trading the forex an attractive and possible replacement income source for those who work from home trading for a living.

Be sure to read Part #2 of this article which reveals the powerful tips on how you can still make money trading forex even though you are undercapitalised and lack skills. Click Here To Read Mini Forex Trading Part #2; or visit my blog http://1forex-trading.blogspot.com

Article Source: http://EzineArticles.com/?expert=Peter_Lim

Making Money Online with The Forex AutoPilot System

2008-03-29T00:48:00.000-07:00

Stop! This is what you have been looking for! Read this article because it contains essential information on one of the most powerful and easy to duplicate online money generating methods available today!

The Forex AutoPilot System is the method and the opportunity that I am referring to.

What is it?

"The Forex AutoPilot System is a fully-automated, yet powerfully-effective piece of software that will help making killer trades in the Forex market (easier)."

What does it do?

The system does all the trading for you if you want it to. Just set it and forget it, or watch it work, the choice is yours.

How does it work?

I'm not a software programmer but I can tell you that "It is a complete method, with setup conditions, entry rules, initial stop rules, and exit strategy rules, leaving no decision to chance. It includes specific risk management, money management, and portfolio management guidelines. It takes less than 20 minutes a day to apply."

What can you expect?

You can expect support and no monthly fees like other Forex Programs. Also, The system will come along with a guide which instructs you step-by-step how to setup the system and use the system to trade. It will take you about 15 minutes to read the guide and 5 minutes or so to complete the setup and run the system. All the steps involve no cost. But please read the guide carefully to understand what needs to be done. You also will get a PDF guide that outlines the following:

* The basics of Trading the Forex Market.

* Where to get a free copy of MetaTrader, and how to install it.

* Where to find a MetaTrader broker, and how to open a free demo / live account.

* Manually Trading MetaTrader, using the order window.

* Expert Advisors explained.

* The key features of Forex Autopilot System.

* How to install Forex Autopilot System

* How to trade with Forex Autopilot System

* What you will see on the screen.

What are you waiting for?

I hope you aren't waiting for a lead because I just gave it to you in this article, act on it today!

In summary, The Forex AutoPilot System is one of the most powerful and easy to duplicate online money generating methods available today.!

Still not sure?

I Suggest that you read the following free review to get more information on the subject.

http://forexautopilotsystemreview.blogspot.com/

Success Is Measured By What You Overcome!

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ABOUT THE AUTHOR:

Andrew Witherspoon writes about How to Earn As an affiliate at AffiliatedCommerce.com, a free affiliate article marketing and resource site. Read more related content at: http://www.affiliatedcommerce.com or IM Andrew at Yahoo (andrew_writes), MSN (andrew_witherspoon), Google (witherspoon.andrew), or AOL (andrewleew).

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What is Day Trading? Here's a Quick Overview

2008-03-29T00:47:00.000-07:00

Day trading used to be reserved for a few investors with larger banks and financial corporations. However, with the advances in technology and the relaxing of laws, day trading has become popular with more casual traders. Here's a quick overview of what day trading is all about.

At its most basic day trading is the act of trading in a single day. That's why it's called "day trading". Though some day traders may let their trades ride overnight, the vast majority of day traders will not. This is because they don't want to assume any losses that might occur overnight. Plus most traders borrow on margin and usually interest on margins is only charged overnight. Therefore, traders avoid paying interest by not keeping any margins overnight.

Day traders trade a variety of financial instruments such as stocks, currencies, and many types of futures. To increase their ability to make money day traders will use margin. This means they can trade a lot more then they actually invest. For example, a day trader can put down $1000 of her own money and borrow $99,000 on margin. This will allow her to trade $100,000 with the $1000 being used to cover any potential loses.

Some day traders will trade only a couple times each day while others will make dozens of trades. It all depends on the trader. Similarly, some trades will only be kept for seconds while others may be kept for hours.

There is a potential for huge profits and huge loses in day trading. People make millions of dollars every year doing this but others have had their careers and their personal lives ruined because of day trading.

So that's a quick overview of what day trading is all about. While it's possible to make a lot of money it's also possible to lose a lot of money. So make sure you know what you're doing before you actually begin trying your hand at day trading.

For a great FREE report on day trading visit: http://www.daytradeformoney.com/

Article Source: http://EzineArticles.com/?expert=CA_Rose

Lifestyle Of Traders

2008-03-29T00:46:00.000-07:00

Trading can be a very active lifestyle. Whereas day traders spend hours every day in front of a computer monitor scalping small movements in price, the active trader does have a "rich" lifestyle both in money and time.

Lifestyle Depends Upon Trading Style

Professional traders usually make their income from scalping short tick charts, day trading from open to close, or swing trading over a matter of days or weeks. The trading style differs with the lifestyle. Scalpers can profit heavily in just a few hours to have the rest of the day to relax and read up on the markets. Day traders benefit from taking positions when they want through the course of the week, often taking full days off at a time. A swing trader has the luxury of placing few trades every few weeks, allowing for plenty of down time.

Improving Your Trading Skills During Your Down Time

Many traders use their down time to participate in trading seminars to meet new people in the financial world. Trading for the big firms is all about whom you know, and indeed, getting involved in the trading community is the only way to work your way to the top of the trading world. For the smaller investor, time may be better spent on an online home study course to further their trading potential.

Skill-building activities, such as looking at old charts, reviewing failed trades, or sharpening your trend line drawing skills, are a great way to spend the surplus of time trading provides. Developing a trading plan planner is another good way to spend the extra time, as a complete trading plan will give you the confidence to trade, even when the market goes against you.

Trading isn't just about investing in the markets, but also in your own ability to trade. Locking in consistent profits means more time off and more time to review your trading plan. Bettering yourself at your own job means less time studying and more time off, while bringing in consistent profits.

Earning a Relaxed Lifestyle

To the person on the outside, the financial district appears to be "stressed out" people huddled around computer monitors for the bulk of the day. For many people on the inside, trading provides a profitable career and a relaxed atmosphere. For the home trader, a job as a day trader provides a luxurious income and the chance to be your own boss. The ability to take off work whenever you want easily trumps the consistency of a 9-5.

About the Author:
Leroy Rushing is an active, professional day trader trading coach and author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide. Trading EveryDay also has many articles with unique perspectives on day trading.

Article Source: http://EzineArticles.com/?expert=Leroy_Rushing

6 Trading Habits To Strive For

2008-03-29T00:45:00.000-07:00

There are many methods to build superior trading habits. Good trading habits will make trading a part of routine, rather than a task. Getting in the habit of doing everything exactly to plan will boost trading profits, marking one more step in the path to financial freedom.

1. Trading Discipline - Following your own trading plan is very important to success. When emotions are left to go as they please, it is easier to lose track of your portfolio. Proven techniques and strategies should not be edited for any reason; follow the plan and let it work for you.

2. Look at Every Time Frame - Even when trading short 5 minute ticks, it is important to evaluate all timeframes for market data. It just might happen that a 200 day moving average is acting to support your position. You'll never know this unless you take the time to study all timeframes rather than just a few. Long term trends can and do impact short term trading positions. Day traders are more susceptible to trading in only one timeframe because of how time-sensitive their investments are. Swing traders are probably used to checking multiple timeframes for entry points.

3. Trade As Your Capital Allows - Day traders are able to access high levels of margin that can greatly exceed their trading capital. Overextension of credit is dangerous and can compound losses just as easily as gains. Momentum trading with many different entry points can end up in costly mistakes if your account becomes overextended.

4. Understanding Risk - Managing risk is the difference between gambling and investing. Profitable traders can quickly calculate how much of a drawdown they are willing to incur before cutting a position. It is important to have a plan for pruning losses and minimizing the damage of drawdown.

5. Stick to Your Niche - Niche trading or only trading in your specific area of study is the best way to stay profitable. Too often do traders get bored with inactivity, only to take positions that are out of their trading knowledge. Sticking to what you do best keeps your account from being overextended in too many positions and minimizes loss. If you are best in high volume trading, then only trade during periods of high volume. Finding your trading niche will help you to become more a more efficient trader.

6. Trading is Affected by Emotion - It can be difficult to get away from trading. Holding positions overnight can only double the amount of stress that comes with having open positions. For the day trader, try to limit your exposure to overnight markets and keep stress levels low.

About the Author:
Leroy Rushing is an active, professional day trader trading coach and author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide. Trading EveryDay also has many articles with unique perspectives on day trading.

Article Source: http://EzineArticles.com/?expert=Leroy_Rushing

Penny Stocks Profits - Money Management

2008-03-29T00:40:00.000-07:00

Penny stocks, and day trading in general, are attractive because profits can be realized in a short amount of time. Unfortunately, that short-term profit often puts traders into a short-term mindset. And when it comes to money management and goal setting, short term thinking can be devastating.

The very reason for day trading is to make a greater profit than might be possible in any other investment vehicle. And it certainly can be if done correctly. But if the mindset is only for the short-term goal of getting rich quick, then you can be guaranteed, disaster looms ahead.

To truly cash in on penny stocks profits, one must have a longer term outlook. Now, I'm not talking about the time period of a trade. I'm talking about the overall plan and expectations. Not trade-by-trade. Not even week-by-week. But how about developing a life-time system? (Sort of like a developing a life-time mindset of eating healthy as opposed to crash diets.)

Two Aspects of Trading

Let's examine two aspects of trading. The first is when to get in and when to get out of the market. When to pull the trigger, where to set the trailing stops, when to make the exits. To help you in these decisions, there are trading systems, software, newsletters, hot lines, trading reports, and the list goes on. These are all tremendous helps. (See below for some of the better ones available.)

But the second aspect often goes begging - and it is a decision made every time a trade is executed. That decision is: how much of your capital are you going to risk on one trade? This decision often has more to do with your success than knowledge of the market itself.

Your decision of how much you are willing to risk must be made way ahead of the moment you pull the trigger to make your trade.

A Simple Example.

One trader followed the advice of a trading service (perhaps much like Marl, the Stock Trading Robot). For a year this trader made trades according to the advice given. At the end of the year his account reached $27,000. The next year, he pulled in $15,000. He now was in profits for $42,000. Pretty good, right?

Trader number two used the same service. Contrary to trader number one, this trader applied conservative money management principles. His first year netted him $63,000. (If you're slow with math, that is a 233% increase over trader number one.) The second year, he continued in his conservative pattern and brought in $113,000. His total profits added up to $176,000. A whopping 419% more than trader number one.

The third year showed a downturn in the trading service and there was a loss of $15,000. Trader number one wound up with a profit of $27,000 for the three years. Trader number two, however, stood at $102,000 in total profits. Hence trader number one wound up giving back all his profits.

The question is, which trader would you rather be?

What Can Money Management Do For You?

1. Keep you from being wiped out.

2. Allow you to approach system trading with a plan and the ability to continue trading even if the system fails miserably.

3. Increase your profits five- to tenfold (500 percent to 1,000 percent) without increasing your overall risk of the account. (It may even decrease the overall percent at risk in the account.)

4. Protect your profits should the system fail you.

There are three vital questions that every trader must ask regarding money management:

1. What is the goal of your account?

2. What is the total risk you are willing to take to achieve that goal?

3. What are the available resources to achieve your goal without violating your risk tolerance levels?

With every penny stock day trader the answers will be different. What is right for you might not be right for your trading buddy.

Understanding money management will allow you apply the principles to your trading to accomplish your goals - without violating your risk tolerance levels.

Three Simple Tips in Money Management:

1. Limit Order: Know how to place a limit order when buying stock. No surprises. You buy only at the exact price you specify, usually somewhere between the bid and ask price on your screen.

2. Stop-loss market order: Immediately after you buy, place your stop-loss market sell order with your online broker. This 30-second act of typing in symbol, price, shares, and the time period during which you want this order in place will automatically sell your stock later, at the price you have predetermined should the market take a surprise nosedive.

3. Sell order: Decide on the price at which you'd like to sell. Don't get greedy. (Greed and fear are the twin killers in trading. Keep greed glands in check at all times.) Keep that number written down on a piece of paper and keep it close at hand. If the stock zooms up further, you can always buy back in for $8 or $10 or $30 commissions. That better than losing your entire investment.

Online day trading is a tremendous opportunity to grow your cash reserves. But please educate yourself along the way. Just as a person can self-educate in the areas of finance and the Internet, you can learn how to safely profit by day trading penny stocks.

In the area of money management ask yourself:

1. Are you strong enough to create a plan of action and stick with it?

2. Are you strong enough to walk away when winning? (Hint: Emotions are dangerous to your trading health.)

We've all read the statistics that approximately 70% of all traders lose money. Isn't it ironic that in the trading industry, more than 70% of all traders ignore money management. Hmmm. Could it be coincidence?

Only you can determine if this venture is for you. And if it is, be wise enough to include prudent money management into your trading system.

Daytrading Coach - Free 60- minute Coaching Session: Stop stumbling in your day trading. Let seasoned traders (3 of them floor traders) teach you their techniques and systems. Free trial coaching session. Hurry, before you lose another dollar. http://www.dblpennystox.com/rockwell2

Join us here for more trading chatter: http://www.normslink.blogspot.com

Article Source: http://EzineArticles.com/?expert=Norman_J._Lutes

Free Forex Education - Mastering The Forex Market

2008-03-20T04:46:00.001-07:00

The forex, or Foreign Exchange, market is the largest financial exchange market in the world. Every day, more than 1.8 trillion dollars are traded on the forex market. In the past, it was often difficult for smaller traders to take part in this huge money market, due to a lack of contacts and resources. But that situation has changed. More and more, individuals and smaller banks and companies have the opportunity to invest in the forex market, particularly via the internet, making currency trading an exciting and lucrative enterprise for individual traders as much as for the banking industry.

However, it’s important to keep in mind that currency trading of even small amounts and modest investments can be risky. Before taking on the forex trading market, it’s important to be armed with a good understanding of the market itself, along with an overview of current market trends and risks. This is what makes a good free forex education resource, like free-forex-education.com, invaluable to both new and veteran forex traders.

At free-forex-education.com, established forex traders as well as those with a burgeoning interest in currency trading can learn everything there is to know about the market. Learn what world currencies are making the most money. Know what the risks are, and when and how to make the most money on a trade. Acquire all the knowledge you need in order to make anywhere from a dollar to a million on this highly liquid market, without leaving the comfort of your computer. Along with using resources available at free forex education sites like free-forex-education.com, it’s important to as much research as possible before doing any major forex trading. For a free forex ebook visit Free-Forex-Education.com . This amazing free resource will provide you with all the information you need to get started trading today.

Joe Karakas is the owner of the forex online resource found at http://www.free-forex-education.com . Our site help with informations and resources to learn to trade forex online. Check out the website for free forex education more details. Please note that our site is just for information purposes and not an advice whatsoever!

Article Source: http://EzineArticles.com/?expert=Joe_Karakas

Foreign Currency Trading Explained

2008-03-20T04:45:00.001-07:00

I am sure that you would have seen Foreign Currency Trading at some stage while looking at news - CNN maybe - and wondered as I used to - what is this all about. I mean, all the strange terms and names that you hear no where else but when this segment of the news comes around: what are they and what do they mean. These are some of the question I used to ask myself so very often in the past. In fact, even now as I am writing this article, with the television on, a whole lot of information is flowing constantly across the bottom of the television screen about NASDAQ, DOW and a host of figures. This always confused me. Well I will explain as much of this as I can in this article and other related articles.

First of all, foreign currency trading - also called FOREX trading among other names - is a market in which various currencies are traded. It is the biggest and the fastest growing market in the world with a daily turnover of more than 2.5 trillion dollars. This is more than 100 times greater than the NASDAQ daily turnover.

NASDAQ stands for National Association of Securities Dealers Automated Quotation. It is the world's first computerized stock trading system, and provides price quotations for more than 5000 traded stocks.

It is the synchronized exchange of one currency for another. As a potential investor, your primary reason for wanting to buy or sell currency will be to make a profit - correct? The general idea will therefore be to buy when the price is low and to sell when it is high. In looking at financial news, you may have heard the reporter speak of changes in the value or rate of the currency. Well this change can be driven by a number of factors including market news, or events that happen across the globe. The decision to buy or sell currencies must therefore be an informed one to further reduce your risk of losses.

Now, just as a market is a place where goods are traded, so too is the Currency Trading market a 'place' where different currencies are traded. Just as you would have buyers and seller in a more traditional form of a market, so too you have buyers and sellers at the FOREX market place. Now in the traditional marketplace selling ahhhh... - let's say vegetables and other produce - a number of factors will determine the selling price of the merchandise. Some of these factors include the number of buyers there - which translates to demand; the quantity of the goods that are available, which is supply. The price of the item will be affected by any event that impacts either negatively or positively on the supply or demand for the item. For example, if there was a major flood at one of the main producers of the commodity that caused most of their stock to be destroyed, then this will most likely cause the price to increase because the supply has been decreased because of the flood. If the supply is high, or even normal, but some event caused the majority of buyers to stay away, this will result in an over supply and can result in a lowering of the price of the item.

The same principles of supply and demand take place in the currency trading marketplace, where the goods (or merchandise) are the various currencies such as Euro, US dollars, Japanese Yens, Pound Sterling, Canadian dollars and more.

Profiting in Forex Currency Trading

As mentioned earlier, your main goal in trading Forex is to make a profit. In layman's terms, you do this by buying a currency at one rate and selling it when the rate is higher. The profit you gain is as a result of fluctuations in the market due to various factors that affect supply and demand.

Now this is an important point. The big thing about trading currencies is that normal daily fluctuations have a multiplier effect. Very often, you can acquire trading ratios from 1:50 to as much as 1:200. Let us assume that the rate of exchange of your pair of currencies increased by .5%, then your profit can be as much as 50% on your initial investment. The other point to note is the speed at which fluctuations can occur.

What about the risk?

In the example I have just listed, as an investor you can reap that kind of profit margin in anywhere from one day to a couple hours. Apart from this, you will never lose more than your margin. You can earn very high profits, but you will never lose more than your margin. It matters not whether the exchange rate is going up or going down, you can still make a profit. The other great thing about foreign currency trading is that you do not have to physically own any of the currencies to perform buying and selling transactions.

Starting online trading

While of shopping around for the idea trading platform, you should definitely look for one that is easy to use. Unless you are a seasoned it economist, the average person may find the whole concept of trading currency a bit of an ear full, and somewhat difficult to grasp. Here are some features to look for in a good trading platform:

* As a trader, when you accept your rate, is it executed close to the rate you set or exactly on it?

* Is the currency trading platform user friendly and easy to use? Will you have to download any applications onto your computer before you can start to trading?

* Can you start immediate trading without any obligations?

* Once you have registered with the trading platform, can you trade anytime and anywhere? Will you be able to access your account information from anywhere?

*

How easy will it be for you to make a deposit to your account? Will you have to miss out on a potential trading deal because the trading platform does not accept instant deposits?

*

As mentioned earlier, foreign exchange trading, as intriguing as it is, can be quite challenging to grasp. With this in mind you will definitely at some point in time, require personal assistance in dealing with some of the challenges you will face. An important feature to look for in a potential currency trading platform is how readily will live assistance be made available to you? Will you actually be able to speak with a real person when you need to?

*

Will you be trained online? Will the training be detailed enough for first time forex traders to understand? Will the trading allow you to interact directly with the currency trading platform? Will it be step by step so that you can fully understand how the system works?

* Will you be required to start trading with the large investment, or can you start trading with a small amount and work your way up as you become more comfortable with the system?

* One of the common complaints that I have heard over the years has been about financial institutions and their hidden costs. This is something that you will definitely want to look out for in your foreign currency trading platform. Are there any hidden costs?

* Then there is the whole question of the safety and security of your transactions. How safe and how secure will your transactions be?

* Now I can't imagine a trading platform operating online without this, but it is worth mentioning anyway. Will real time trading and quotes be streamed? Will these quotes be up to date, and how reliable will they be?

These are just some of the many features you should look for in an online foreign exchange trading platform. I have personally found that Easy-Forex addresses all of the above issues and more in a very positive light, and makes online trading very easy, comfortable, comprehensive and affordable for traders - regardless of what your level of experience is.

OK.. What happens after you've registered?

Well that's pretty much up to you. If you're comfortable with the concept of foreign currency trading, then you can start to trading immediately online. If you're not, and you are new to this as I was a few months ago, then you should start step-by-step online training. If you have registered with Easy-Forex, then you're good to go. They will guide you through the entire process and provide all the training you need.

The best of luck in your trading

Christopher Phillips

Owner/Founder
Smart eCredit For Fast and Efficient Online Credit Card Application and Approval

This article comes with reprint rights. You are free to reprint and distribute it. You must however reprint it in its entirety, without any changes, and you must also include this text and the link above.

Article Source: http://EzineArticles.com/?expert=Christopher_E._Phillips

Online Forex Systems - Choosing A Trading System

2008-03-20T04:44:00.001-07:00

Choosing an online Forex trading system is not an easy task. Retail traders are basically spoilt for choice due to the prevalence of so-called 'systems' that you can easily purchase online.

This being said however, not all such trading systems are made equal. In this article, I will discuss the things you should look out for, before you decide to hand over your money.

Tip #1 - Make Sure There's An ACTUAL Track Record

There's no lack of people selling sub-standard information on the internet today, and things are no different in the 'Forex trading system' niche. Unfortunately, this means that all kinds of inferior trading systems will be made available to the public, especially those with no actual record of performance.

Instead of proof of ACTUAL returns, many websites will show you 'proof' of SIMULATED returns. This means that the owners of such 'systems' don't have concrete evidence of these 'systems' working in live trading.

Needless to say, you should avoid these websites like the plague. If the system developers don't have the confidence to trade live with it, then neither should you.

Tip #2 - Pay Attention To Track Record Losses

When you DO find a trading system with an actual track record, pay close attention to the losses that the system incurred: you'll need to make sure there are no excessive losses.

A trading system that enjoys a high winning trading percentage is useless if the losses are large enough... so make sure that most of the individual winning trades are larger than the losses.

A general guideline to follow is to look for individual winning trades that are at least twice the size of each losing trade. This way, you'll at least enjoy a two-to-one win-loss ratio. Successful trading systems all rely on keep the losses small and letting the profits run.

To learn more, Click Here to download my free 26-page guide, "Forex Trading Traps!"

Harold Hsu is the owner of ForexSystemProfits.com where he provides premium Forex trading tips and resources.

Article Source: http://EzineArticles.com/?expert=Harold_Hsu

Forex Trading Education - Avoiding Scams

2008-03-20T04:43:00.000-07:00

If you've spent some time searching the internet for Forex trading resources, chances are that you'll have come across at least one scam Forex trading product.

On the internet, there are countless scammers that try to tempt their 'victims' into buying their latest "trading system" that promises instant wealth. But as ridiculous as these claims may sound, there are people every day who unfortunately believe them.

Before you hand over your money to purchase another Forex trading product, try to avoid websites with these characteristics:

Tell-tale sign #1 - "Guaranteed Profits"

I'll say this now: any website that promises you guaranteed profits is outright lying.

You see, even if such a system did exist, chances are you wouldn't be able to afford it as a typical retail trader. There are many people more powerful and richer than you who would pay to keep this system to themselves. I'm sorry for being blunt, but it's the truth.

So please, if you're considering forking your money over for a 'guaranteed profit' trading system, close your web browser and as fast as you can!

Tell-tale sign #2 - Signal-Generating Software

This is another obvious scam. There's no way on earth that any financial market can be predicted using a formula... and yet that's exactly what these software 'developers' claim that their software can do!

Let me just put it this way: if the financial markets could really be predicted using some sort of formula, don't you think the big investment banks would be using at least a variant of it?

The simple fact that the large institutional traders still have a job - and have not lost it to computers - is because all attempts to use software to predict human behaviour in the market have failed to produce consistent profits.

The Best Way To Trade

Many people don't like to hear this, but unfortunately the best way to trade is to LEARN how to trade for yourself. Developing your own trading system is a tough, but highly rewarding experience.

Don't sell yourself short by spending any money on 'get-rich-easy' schemes... you'll be better off in the long run.

To learn more, Click Here to download my free 26-page guide, "Forex Trading Traps!"

Harold Hsu is the owner of ForexSystemProfits.com where he provides premium Forex trading tips and resources.

Article Source: http://EzineArticles.com/?expert=Harold_Hsu

4 Questions to Ask Before You Subscribe to a Forex Signal Newsletter Service

2008-03-20T04:42:00.000-07:00

A Forex signal newsletter service is a service that gives you buy/sell trade signals either intraday, daily or weekly. Some will send the signals live via a chat room, some use emails, text messaging or auto-trade for you.

First let me explain auto-trading. Auto-trading is when the newsletter service has an agreement with a broker to allow them to send a signal to the brokerage and it automatically enters or exits trades for each person signed up for auto-trading. Auto-trading seems like an easy way to make money because you don't have anything to do but set up money allocations of how you want your trades handled during set-up. But if the newsletter service has a poor performance record, you can lose your money without even trying. The other services send trade signals directly to you and you place the order manually.

Before you sign up with a newsletter service, ask these 4 questions:

1. What is their credibility? You can determine this simply by checking to see if they have an email address, business address, and phone number. If they don't post their business address, they should give it to you over the phone. If not, that is a deal breaker.

Try sending an email and see how long it takes to answer you. It is imperative in this kind of service to have a quick response time. Better yet, give the company a phone call and see if you can talk with one of the trading staff and not just an operator or customer service representative. We at Opinion and Review include all of this in our reviews, as we feel that a review is not complete without this information.

2. Are they trading their own signals? Ask them for proof that they are trading their signals. They can fax you a copy of their brokerage account with personal parts blacked out. Or in the alternative, ask for a detailed transaction report. Every broker shows details of every trade, so it is a matter of seconds for them to produce this report.

3. Do they have an easy way to cancel the membership? Ask for their cancellation policy and procedure. You will be amazed at how some will make you jump through hoops to cancel. Some insist on a phone call where you then have to deal with a high pressure sales person on the phone trying to talk you out of the cancellation. Some want written notice by a certain day each month or you will be charged for another period.

4. Do they explain their trading strategy and specifically discuss their reasoning for getting into a trade? A good service will provide a short video discussing the trade set up. At the least, make sure they disclose why they are recommending the trade with the target and stop loss. Review their trading strategy and see if it fits you. It can either be technical data, like using moving averages and a myriad of other indicators, news based trading, or fundamental trading where they look at the economic data, news reports and political events of the country.

For information on trading strategies we reviewed, visit our website at http://blog.opinionandreview.com

Article Source: http://EzineArticles.com/?expert=Craig_Torey

Advantages of the Forex Market

2008-03-20T04:41:00.000-07:00

Relative to other markets, the forex market has some distinct advantages. Those advantages are discussed below.

1. Greater Liquidity. According to the Bank of International Settlements' 2007 Triennial Central Bank Survey, the average daily turnover in traditional foreign exchange markets is estimated at $3.21 trillion. The overall turnover in the forex market is more than 10 times the combined daily turnover on all the world's equity markets. For traders, this means that it's easier to get in and out of trades at the price you want. At least from this perspective, the forex market is safer than other markets.

2. Leverage. To put it simply, leverage is the ability to trade with borrowed money. Many brokers offer traders 200:1 leverage at no additional cost -- meaning traders can trade 200 times the amount of capital they've deposited in their account. Leverage allows traders to more precisely define the amount of risk they want to assume, and can allow for above average returns as well. It should be noted that leverage needs to be used cautiously; in fact, poor usage of leverage is one of the primary causes of forex traders losing all the wealth in their account. Used prudently, though, the amount of leverage the forex market offers -- which is far greater than what other markets offer, and typically comes at no additional commission cost -- can help traders earn greater returns while staying maintaining a level of risk that is appropriate for their investment portfolio.

3. 24 Hour Availability. The forex market is truly a global market; it is open 24 hours a day. While many stock markets have after hours trading, those markets are often very illiquid during those times; in other words, prices can be more volatile, and it can be harder for traders to get in and out of positions at the price they want. On the other hand, the forex market is active 24 hours a day, as banks across the world are active participants during their hours of operations.

4. Abundance of Direct Access Brokers. In most equities and futures markets, most brokers do not provide traders with direct access to the counter party of their trade; in other words, traders have to give their trade to a broker -- who in turn adds a fee, and then passes it on to the party that actually takes the trade. In the forex market, though, online forex brokers typically are the counterparty to the trade. This allows traders to enjoy trading at a lower price. For active traders, this can end up resulting in significant savings over time.

These advantages are a big part of the reason why forex trading has become more common amongst individual traders over the past decade, and why its popularity continues to accelerate.

Simon Parth has been an active forex trader since 2002. He is the co-founder of InformedTrades.com, a community dedicated to creating a comprehensive free online school for traders.

Article Source: http://EzineArticles.com/?expert=Simon_Parth

Why Forex Traders Fail

2008-03-20T04:40:00.002-07:00

Amazingly enough according to estimates, 90 percent of Forex traders lose money. Futures traders fare a little better, 70 to 80 percent are losing traders. Another fact is that the Forex traders lose their trading capital in record time, 6 months, compared to Futures traders at about 12 months. To put all this in perspective I will do a comparison with small business start-ups and how they cope with failure. Further I will also look at the reasons traders and businesses fail. For those of you that think this comparison is not relevant, think again. Why is Forex trading different from any other business? The motive is to make money, right? Otherwise, it would be no different from roulette or any other game that can be found in Las Vegas or Macau.

According to the article, "Survival and Longevity in the Business Employment Dynamics Data," (Monthly Labor Review 2005) Amy Knaup shows that about 60 percent of business establishments that opened in second quarter of 1998 were still in existence 24 months later. In other words, only 40 percent of new businesses failed within 24 months, that is much better than any traders can show. So why is it that business and traders fail and are there any similarities. Let's have a look at another 2005 study "Small businesses: Causes of bankruptcy" by Don B. Bradley III and Chris Cowdery from the University of Central Arkansas. In this study, they authors elaborate that roughly 90 percent of the business failure is due to "poor management caused by a lack of knowledge." So what kind of knowledge are business owners lacking? The areas where knowledge is lacking are many but the following are the most common:

1. Bad management practices
2. Poor choice of location
3. Failure to invest in new products and efficient technology
4. Lack of adequate financing

In some ways Forex trading is more straight-forward than starting a business (no incorporation, no sales or marketing etc), but on the other hand it is also more complex and illogical since we are dealing with human consensus and expectations driving exchange rates up and down seemingly at random. Going through the above four reasons for business failure and translating it into the Forex trading equivalent we get:

1. Bad profit and risk management
2. Poor choice of Forex broker
3. Failure to invest in a proper trading and charting platform
4. Under-capitalized

But for a Forex trader it usually doesn't stop here. Most people signing up for a Forex broker account do so without much knowledge about the Forex market and the psychology involved. On my website I have created a free Forex trading course that addresses the deficiencies that lead to failure of Forex traders. In order to make it easier for traders to grasp the difficulties, I developed the "Three Pillars to Profit":

* The Right Trading System, i.e a validated Trading System that produces consistent profits
* The Right Psychology, i.e a Psychology that supports your trading effort towards consistent profits
* The Right Experience, i.e an Experience that promotes confidence in your Trading System

This probably seems obvious but believe me, it isn't. Contrary to what all Forex Brokers want us to believe, Forex trading is not easy.

We have established that Forex traders and Business owners face pretty much the same problems, but why is it that Forex traders fail to such an astounding degree compared to business owners. The "Three Pillars to Profit" I think explains it all, because most traders that enter the Forex arena are severely lacking in all the three pillars. Would you start a Supermarket if you had only 1 or 2 weeks of experience as a Supermarket clerk? Would you start a business without having any idea about how to generate sales or market your products? If you answered No then you are smart, but this is exactly how many aspiring Forex traders approach their new venture. They don't have a clue of what they are doing.

Not only are Forex traders disregarding the "Three Pillars to Profit", they are doing it with a certain naiveté and Get-Rich-Quick mentality that is just devastating to their success.

Joerg Hausmann has been a trader for over 20 years, the past few years as a full-time trader. In order to help fellow traders become successful faster and easier, Joerg Hausmann created the "Three Pillars to Profit" integrated into a free Forex Trading Course. For more information and resources visit Joerg's website, http://www.forex-trading-insight.com

Article Source: http://EzineArticles.com/?expert=Joerg_Hausmann

Currency Trading Software - What Are The Benefits Of Using One?

2008-03-20T04:40:00.001-07:00

Most successful currency traders on the Forex market use some sort of Currency trading software. It's nearly impossible to trade efficiently on the forex market without such a software, but what are the actual benefits of such a software?

Benefits of Using an Automatic Currency Trading Software

1. The biggest benefit of using a Currency trading software is that it can trade for you automatically. This means that even if you're not sitting at your computer, you can still make transactions and earn a profit. Since the forex market works around the clock, you make the most of the time.

2. A currency trading software can work in multiple markets at the same time, which is something a human being cannot do. It's as if you double or even triple your efficiency.

3. A good currency trading software can make transactions in a split second decision. It's a software so it's much faster than you can be and can take advantage of opportunities in a much faster way.

4. Using a software means that your trading is now based on strict and established mathematical models and comprehensive analysis of the market situation. This means that the risk of your transactions should diminish.

5. By using a trading software you can save time on market analysis, following the market's parameters, enjoy watching data in a structured and easy to understand format on your screen, and save a lot of time and effort.

Overall, it's important to use a currency trading software since the market is complicated and fast. You need to be on top of your game in order to succeed.

To read more currency softwares, click here: Currency Trading Softwares Review.

John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automated Forex Trading Software.

Article Source: http://EzineArticles.com/?expert=John_J._Drummond

Forex Auto Pilot Trading Robot - Why Do People Fail With It

2008-03-20T04:25:00.000-07:00

The Forex Autopilot trading robot which was created by Marcus Leary is one of the most popular home forex trading softwares in the world. ForexAutoPilot has a lot of features and benefit, but the main thing is that it saves you time and makes you more money.

When you look at the website of the Forex Auto Pilot robot, you only see success stories, and these are very impressive (especially when you see that people actually became millionaires by using this software). However, this isn't the entire picture. Some people do fail with the Forex Auto Pilot trading robot. This article will explore some of the reasons why this may happen and how to make sure it doesn't happen to you.

1. People don't take the time to study the software - Even though Forex Autopilot is made for people with little or even no experience in Forex trading, it's highly inadvisable to start trading massively with this software before you're proficient in using it. Take 2 weeks to become an expert in the software. Trade with little money until you feel comfortable with the software.

2. Having no clue in the Forex market - While using the Forex Autopilot will probably help you make more money easily, you still need to have a grasp of what the forex market is all about and how it works. You don't need to be an expert, but be aware of the main concepts. Of course, if you become an expert, your profits should increase even further.

3. Not letting the software work - Forex Auto Pilot is a trading robot which should work for you. If you don't let it, there's simply no point in using it. People often don't let the software work for them. This is a grave mistake which may harm your profits.

Avoid making these 3 mistakes and you will have a much better chance of making large sums of money with the Forex Auto pilot trading robot.

To read more about this software, click here: Forex Auto Pilot Review. John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automatic Forex Trading Software.

Article Source: http://EzineArticles.com/?expert=John_J._Drummond

Tenfore

2008-02-16T23:41:00.000-08:00

By scorpion
Published: December 5, 2005
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Tenfore

I didn't know that Olsen gets data from Tenfore.com which sells the same data up to 10 times cheaper. What's good about Tenfore is that they include '4-digit institution code' field in ticks data, so I can filter unwanted ticks from less known banks. Here's the list of Tenfore's forex data contributors:

* Dresdner Frankfurt
* Dresdner Singapore
* OHV
* Tullet & Tokyo
* Allied Irish Bank
* Barclays
* CMC
* ECB
* Geneva International Bank
* Merita Bank
* OKO Bank
* Sampo
* Saxo Bank
* Trinkaus
* UBS
* Composite
* Realtime Forex Geneva
* Rada Forex NY
* Khanani & Kallia
* Reems UAE
* HotSpot FXi
* EFX

Forex Money Management, Part 1

2008-02-16T23:37:00.000-08:00

By scorpion
Published: April 6, 2007
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Why Money Management?

Best system will fail in long-term if it is without proper money management. On the contrary, bad system can turn profitable if used with a good money management. Currency trading always go through the cyclical ups and downs, where winning and losing are just part of the game. However, with the right money management, you might be able to hold onto your winnings, while minimizing losses during bad times.

Have you ever wondered why you made so much profit so easily only to lose all of it plus your principal in a flash? Then you're trading without a proper money management. You've got to be disciplined, or your winnings are guaranteed to lose sooner or later. Learn these money management techniques today!
Alexander Elder's 2% and 6% Rules

First and foremost, note down your account equity at beginning of the month. Then compute 2% and 6% of the account equity. For example, if your account equity at the beginning of the month was $100,000 then 2% of $100,000 was $2,000, and 6% of it was $6,000. But what are these numbers used for?

Firstly, you should never risk more than the 2% per trade. This will protect you from blowing up your account from just a few bad trades. In this example, the maximum loss of any single trade allowed is $2,000 (the 2% of $100,000). Make sure that you don't expose more than that in any trade. To enforce this rule, you have to set stop loss to limit the loss at $2,000 or less. That is usually a stop loss of at most 200 pips for a 1-lot contract or at most 50 pips for 4-lot contract. Remember that you can always set stop loss less than the 2% or execute multiple trades. Just make sure it is not larger than that.

In addition to the 2% rule, you are allowed to risk a maximum of 6% of equity in one month. In this example, allow yourself to lose not more than $6,000 (the 6% of $100,000). You may open multiple trades running concurrently, but make sure that in total you are not exposing more than $6,000. Any time you see drawdown of current month exceeds $6,000, stop trading until next month. Then in the new month, you'll have another 6% to risk. Always check that if all the open trades are lost, they won't take more than the %6.

Assuming at the start of 'new' month, your account equity is now down to $94,000. The 2% of $94,000 is $1,880 and the 6% is $5,640. In this 'new' month, you may risk a max of $1,880 per trade and a max of $5,640 per month. You have to set stop loss to all trades to make sure that these rules are always enforced. Recalculate the 2% and 6% at the beginning of every month and trade accordingly.

While traders should always note that Forex trading involves a substantial risk of loss, these two rules can help you save your precious money during bad times, while you hopefully grow your money during good times. The 2% and 6% rule can help cut the losses short.

Apply this money management to your trading today, get disciplined and become professional trader.

Make sure a trade cannot lose more than the 2% and overally all trades cannot lose more than the 6%. Any time drawdown of the month exceeds the 6%, stop trading until next month. Calculate the 2% and 6% of account equity once and only at the start of every month.

USA Employment Situation

2008-02-16T23:34:00.000-08:00

By scorpion
Published: April 7, 2007
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Impact: Very High.
Data: Number of jobs created and lost in recent month.
Release Time: 8:30 AM (ET); generally on the first Friday of every month.
Frequency: Monthly.
Source: Bureau of Labor Statistics, Department of Labor.
Revisions: Often cover previous two months.
Why is it important?

Employment basically represents the health of an economy. More workers mean more spending which helps businesses see higher revenue. Fewer workers mean less spending which eventually hurts businesses. Far fewer workers can bring recession to the economy. Employment data either tells investors to remove their capitals out to more favorable countries, or lure them to pour more capital into US economy.

It is the most influential and the most awaited piece of economic news. Because mainly this release presents the latest, freshest data of the whole US economy. The employment data of any month is available just a few days after it ends. With this hottest data available, economists will promptly branch their forecasts to other indicators such as interest rate and inflation. With such hot forecasts coming in, many speculators are going to try to anticipate and make some short-term profits.
How is it computed?

Each month US government sends Household Survey to 60,000 homes which cover a population of farm and non-farm workers, the self-employed, domestic helpers and even Americans working in Mexico and Canada. Information received in completed surveys is then generalized—scaled up—to represents the whole US population. There they have all the demographic and household employment data.

Besides households, 400,000 companies and government agencies are contacted through phone and mail to complete an Establishment Survey. These entities employ more than 40 million workers. Based on information received, Bureau of Labor Statistics works out the number of jobs lost and created in the latest month in all the sectors and industries. There they have completed employment data ready to be published.
Impact on Forex

More jobs mean healthier economy, and in healthy economy where people have more money to spend, the inflation rate naturally rises. Fed may then decide to hike interest rate to reduce inflation rate. Or if there’re fewer jobs, Fed may decide to lower interest rate to encourage borrowing to spur up the economy.

Higher interest rate, on the other hand, attracts global investors to buy and hold the dollar, which increase its market value. Lower interest rate will result in selling the dollar for favorable currency, which in turn decrease market value of dollar.

ATC 2007: 70% of participants are losing

2008-02-16T23:23:00.000-08:00

By scorpion
Published: November 8, 2007
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I've just got the latest stats report from MetaQuotes's hosted Automated Trading Championship 2007. It didn't surprise me that 70% of all participants are losing, 3.2% of them are not trading at all and only 26.8% are actually making profits. This reminds me that majority of traders lose within first few months of trading, and many more are losing months or years later. Only a few make it to stardom. Well fortunately though that if you're losing, you're not alone. The initial equity of each participant was $10,000. Now on average, the net equity is now down to $8,000.

Becoming A Successful Day Trader

2008-02-16T23:20:00.000-08:00

By Tony Jacowski
Published: November 26, 2007
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There are two types of day traders - scalper and momentum traders. The scalper buys and trades stocks within minutes, whereas a momentum trader buy stocks that fluctuate from high to low during the day. But at the end of the day, the ultimate goal of a day trader is to buy stocks and sell them at the highest possible value.

A trader should be knowledgeable in paper trading and risk management. Traders keep themselves updated by reading stock exchange periodicals. It is essential for a day trader to absorb the relevant information completely and regularly. New York Stock Exchange and the National Association of Security Dealers impose minimum margin requirements for day traders.

A day trader's world is full of risk, where fortunes can change by the minute, depending on unpredictable market swings. Besides luck, the profit of a day trader depends upon how vigilant and fast they are. The trader's analytical, as well as risk management skills also determines success. The element of unpredictability is evident in every aspect of their work, ranging from holding positions on long trades that involve purchasing the stocks at a low rate and selling it later at a higher rate, to short selling that involves the reverse of long trades. This involves selling the stock at high rates in anticipation to compensate it when the prices fall, to speculating without being bothered with the fundamentals and technical aspects of the trade.

Characteristics Of A Day Trader

• Believe in their efforts and do not pay heed to rumors.

• They have a sharp analytical ability.

• They are strong-headed people, who are not affected by the prevalent market trends.

• They employ a mathematical approach.

• They work towards understanding the latest regulations related to trading fees and taxes.

• Day traders are not affected by the fluctuation of financial indicators such as NASDAQ and DOW JONES.

Anyone can become a day trader by opening a trading account with a brokerage company or a stock exchange or bank, provided it allows trading. You need to fulfill certain legal and commercial formalities, before initiating trades. You can become a day trader in any one of the following categories:

• Stock, bonds and securities.

• Foreign Exchange Currency

• Commodities - such as metals and food grains.

In order to be a successful day trader you need to be very cautious about every step you take, since a single mistake can turn successes into failures. You need to respond to liquidity and volatility quickly. Though day trading is a lucrative career, you need to keep in mind that you do not become an experienced day trader overnight. It requires time and rigorous practice. If you want to pursue day trading as a career, then you need to practice on a trading website to gain confidence in the application of new techniques and implement them in your career.

Tony Jacowski is a quality analyst for The MBA Journal. Aveta Solutions - Six Sigma Online ( http://www.sixsigmaonline.org ) offers online six sigma training and certification classes for lean six sigma, black belts, green belts, and yellow belts.

Article Source: http://EzineArticles.com/?expert=Tony_Jacowski

How to Pick the Right Forex Trading Broker

2008-02-16T23:16:00.000-08:00

By Davion Wong
Published: November 26, 2007
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Picking the right forex trading broker can be a tedious exercise for most traders. There are more than a hundred online brokers today and more are coming on board. Since the foreign exchange market is worth trillions of dollars, it offers lucrative opportunities for brokers to set up their firm online. The challenge is with too many choices, it is hard to decide which is best for you. This piece of information would provide you with the necessary tips to pick an ideal forex trading broker.

Since the foreign exchange market is decentralized, it can be hard to identify fraudulent practices by unscrupulous brokers. When finding a broker, do make sure to follow the following pointers and your chances of finding an honest and reliable forex trading broker are dramatically increased!

1. Always request for references that you can speak with.

2. Do a check with the local regulatory agencies and make sure that the forex trading broker is registered. For US-based brokers, see if they are registered as Futures Commission Merchants (FCM) with the Commodity Futures Trading Commission (CFTC) and registered with National Futures Association (NFA).

3. Compare the account details such as the minimum deposit required, leverage, spreads and so on. Ask them specifically are there any commissions chargeable, lot fees, etc. This is to ensure you do not incur hidden costs. Some sneaky traders deliberately give you an impression that they are the cheapest to use but in actual fact load you on hidden charges.

4. The trading platform needs to be user-friendly. Many traders especially first-timers find it challenging to navigate around the site just to make sense of the charts and currency prices. If there are demo accounts, try them.

5. REQUOTING. This is a big pitfall that many traders fell into before realizing. Low spreads and commissions do not mean much if the forex trading broker decides to "trick" you with requoting. Basically, what it means is that when you transact with a buy/sell call for a currency pair at a certain price, the broker requotes and charge you on the requoted price rather than what you see.

The difference in transacted prices can be as much as 9 pips and beyond. Be wary of those dealers that keep requoting when you are making huge gains! It is common to have occasional ones but when it happens way too often, you should smell a rat. Always choose one that have a "no requoting" policy.

Well, now you are in a better position to find an ideal broker to work with. Be adventurous and start your search now. While forex trading carries risks, it is also a place where people make their riches. Find out from my website which forex trading broker has consistently amazed their users with excellent service and a "no requoting" policy. Also pick up more powerful tips on currency trading

Learn everything about forex trading from Davion's wildly popular Forex Trading Made Easy blog - from mastering the basics of foreign exchange trading to discovery of new trading tips, strategies, tools and more.

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U.S. Dollar Shrinks - Top Three Reasons

2008-02-16T23:07:00.000-08:00

By Sandy Robinson, J.D.
Published: November 26, 2007
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As we watch the recent developments in the foreign exchange (FOREX) market, you will notice in particular, that the Canadian dollar continues to trounce the U.S. dollar. For most of the last thirty years, the reverse was true. Less than 10 years since its birth, the Euro also has overtaken the U.S. dollar in unit value. Let us explore the three major reasons underlying these facts.

High Oil Prices A very cursory glimpse at the crude oil prices will reveal that prices are at record levels. Recently, a high of $97 per barrel was reached. Although it is an oil producer, the United States remains a net importer of crude oil. Traditionally, we have bought more oil from abroad than we have produced domestically and exported. For its part, Canada has become a net exporter of oil. This is made possible largely due to very large reserves contained in its oil sands. The rise in the prices of oil has boosted the value of the Canadian dollar as countries from around the world fuel the demand for the critical commodity. As the largest trading partner of the U.S., Canada has seen a lot of U.S. dollars flow into its economy through the oil industry.

Gradual Shift to PetroEuros Historically, countries from around the world have used the U.S. dollar as the international reserve currency. This practice gave rise to the term "petrodollars", i.e. the U.S. dollar was the currency used to pay for oil imported by various countries. As the Euro proliferated during the past decade, governments and companies started to view it as a viable option for doing international business. Consequently, a gradual shift away from the dollar and toward the Euro has begun as a reserve alternative regarding international trade. The fact that the Euro is supported by a number of European countries also speaks to its perceived stability.

Iraq War The total economic impact of the Iraq war is difficult at best, if not impossible, to accurate determine. According to author Robert Looney writing for Strategic Insights, Volume 2, Issue 11 (November 3, 2003), some theorize that the United States invaded Iraq because in 2000 Saddam Hussein had switched from dollars to the euro as the medium of exchange for purchasing Iraqi oil. Whatever the case, the effect the war has had on the perception of the United States as a rational and cooperative republic has come under serious scrutiny. Some of the staunchest allies of the U.S. refused to go to war with it or approve the U.S going to war with Iraq at all. The war has siphoned monies which, arguably, could have gone into more productive sectors of the U.S. economy. One of the eventual effects is that the U.S. dollar suffers the tremors arising out of the growing concern about which direction America is headed and how its political climate impacts the value of the dollar. For FOREX traders, this means looking for opportunities to capitalize on the largely one-way trend.

Sandy Robinson, J.D., Copyright 2007

If you are ready to change your future by stepping into the exciting world of trading FOREX, go to http://www.winningtradersassociation.com for more information. Author Sandy Robinson, J.D. is part of the Winning Traders Association, an educational organization founded by John Beiler, President. The organization consists of a network of committed trainers and motivated traders willing to provide support to those interested in trading foreign exchange. Many of the members work from home.

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Forex Expert Advisor Information

2008-02-16T23:00:00.000-08:00

Forex Expert Advisor Information

This web site provides information about Forex Expert Advisors that run on the MetaTrader 4 trading platform.
What is an Expert Advisor ?

A Forex Expert Advisor (a.k.a. Forex Trading Robot, EA, MT-4 EA, Automated Forex Trading Software) is a mechanical trading system written in the MQL-4 programming language and designed to automate trading activities on the MetaTrader 4 platform. Expert Advisors can be programmed to alert you of a trading opportunity and can also trade your account automatically managing all aspects of trading operations from sending orders directly to your broker’s server to automatically adjusting stop loss, trailing stops and take profit levels.

Expert Advisors for MetaTrader 4 are all unique and different in the rules they follow to enter and exit the market. Expert Advisors eliminate emotional trading decisions that cripple novice trading accounts. Forex Expert Advisors allow investors to exercise a very strict trading system without falling outside pre-programmed parameters and it is this rock solid consistency one of the features that make these programs so attractive to serious investors. Am Expert Advisors can also eliminate the emotional trading decisions that usually cripple novice Forex trading accounts. Forex Expert Advisors exercise unmatched discipline when trading and can be designed to evaluate more parameters at the same time than any human could keep an eye on at once.

All of the technical indicators that are available in the MT-4 platform can be brought to bear in the logic used by an Expert Advisor in almost any way that one can think of thanks to the MQL-4 programming language. All types of moving averages (simple, exponential, etc.), RSI, CCI, etc. You can also create your own custom indicator and call upon it from an Expert Advisor.

There are many different types of MT-4 Expert Advisors depending on their intended application. Some are designed specifically to trade news events and remain out of the market all other times while other MT-4 Expert Advisors are meant to remain active 24x7. Experienced traders who have their own fine tuned manual trading systems sometimes hire MQL-4 programmers to automate their systems thereby creating custom MT-4 Expert Advisors. All expert advisors have the same goal and that is to automate trading operations and generate a profit while doing so.

Expert Advisors make use of technical indicators in order to assess market conditions and make trading decisions. In order for the Expert Advisor to work, it must be attached to an individual chart on the MetaTrader 4 Forex trading platform. An MT-4 Expert Advisor can take into consideration dozens of different factors in an instant in order to decide what to do next. This ability to consider such a broad range of price influencing factors coupled with the discipline of a mechanical trading system devoid of emotion leads to a very successful trading combination.

Throughout the pages of this web site you will find more detailed information about Forex Expert Advisors. If you have a question about Forex Expert Advisors for the MetaTrader 4 platform and you don’t see it here please send us an email and we will try our best to respond as soon as possible.

How does a Forex Expert Advisor work ?

The program works by calculating the different indicators that it was designed to use and take actions when the market conditions meet the correct criteria as described in the source code of the Expert Advisor.

Fore Example. A simple expert advisor may say something like this:

"If the 9 and 20 day moving averages cross with the 9 day MA above the 20 MA and the RSI is higher than 50 then open a long position (buy)"

That is just an example. You can assign countless conditions for entering and exiting the market as well as managing trades for trailing stops and multiple take profit levels.

An MT-4 Expert Advisor is usually divided into three parts: A startup or ‘init’ function, a main function and a ‘deinit’ or cleanup function. The Expert Advisor will run through its startup function once upon startup and will run through its ‘deinit’ or clean-up function once at the end. In the mean time, the MT-4 Expert Advisor program runs through a cycle of its main function over and over with every incoming tick while it is attached to a chart and active. Once running, the Expert Advisor will not start another cycle for a new tick if it is still in the middle of processing the previous one.

Here is a simple outline of what a simple expert advisor could be programmed to do.

(This would be the 'main' part of the EA and takes place every time a tick comes in.)

1- Check my account. Is there enough equity to open a trade? if so, continue. If not, end.

2- Are there any open trades right now?

2a- If there are, do they need to be closed or do they need their trailing stop adjusted? (do so if needed and exit.)

2b- If there are no open trades, are the market conditions right to open one? (do so if needed and exit. )

3- End.

How to use an Expert Advisor

In order to make use of an Expert Advisor you have to install it on MetaTrader and then attach it to the appropriate chart on MetaTrader 4. This is fairly simple as will be described below. If there are any instructions included with your Expert Advisor you should read them in their entirety.

#1- First, you have to put the Expert Advisor in a place where MetaTrader 4 will be able to use it. In most installations of MetaTrader 4 that place is C:\Program Files\MetaTrader 4\experts The actual Expert Advisor is a file without an icon that ends with .EX4

#2- Now that the Expert Advisor is in the correct location within your computer, re-start MetaTrader 4.

#3- When MetaTrader 4 starts up again you will now see the new Expert Advisor on the left navigation menu.

Learn to Make your own Expert Advisors

In order to make your own expert advisor you have to learn the MQL-4 programming language. If you already know C programming then MQL-4 will be very easy as they are quite similar. If you do not know either language, it would be prudent to take a course in C programming. Then, once you understand the structure of C language, MQL-4 will be a snap. If you are not a programmer, do not let this stop you from learning to make your own Expert Advisors.

The following web site has all the official documentation on the MQL-4 programming language.

http://docs.mql4.com

The Different Types of Expert Advisors

There are various different types of Expert Advisors for the MetaTrader 4 platform. Here we will discuss some of the more common types. This is by no means a comprehensive list. There can be other types of Expert Advisors based on the creativity of the programmers who make them.

News Expert Advisor - This is a type of hedging EA. The News EA is designed to take advantage of news events and the large price shifts that can occur during financial news releases.

Breakout Expert Advisor - Designed to open a trade when the price breaks through predefined support and resistance levels.

Hedge Expert Advisor - This is any EA that plays two separate and opposing positions and minimizes the loss on one while facilitating maximum profit on the good trade.

Scalper Expert Advisor - This is the type of EA that will get your account canceled or at least heavily restricted by a broker. It aims to secure small profits as soon as they are available.

What is MQL-4 ?

MQL-4 is short for Meta Quotes Language version 4. This is the programming language created by MetaQuotes Software Corp. (http://www.metaquotes.net) that automates the MetaTrader client terminal.

The following web site has all the official documentation on the MQL-4 programming language.

http://docs.mql4.com

*What is MetaTrader 4 ?

MetaTrader 4 is a free trading platform developed by MetaQuotes Software Corp. (http://www.metaquotes.net) and supported by many different Forex brokers all over the world. MetaTrader 4 easy to learn and very user friendly.

One of the unique qualities of MetaTrader 4 is the ability to automate trading activities through the use of an Expert Advisor.

Can I run more than one Expert Advisor on the same account/client terminal ?

Yes. You can run multiple instances of an Expert Advisor on the same MetaTrader 4 client terminal. As long as all of the Expert Advisors that you are running in the same client terminal have been designed to get along with each other on the same terminal. (not all Expert Advisors can get along on the same terminal) Mainly because they will try to manage each other’s open trades. Programmers get around this by using magic numbers in the market entrance part of the source code of the Expert Advisor.

There are also platform limitations. Only one Expert Advisor can communicate with the trading server at any one time. If multiple Expert Advisors are active on the same terminal and more than one try to communicate with the trading server you will get "Trade context busy" errors in the logs when this happens if you have too many Expert Advisors on one client terminal.

Forex Trading Futures

2008-01-19T06:45:00.000-08:00

Ad In the mid 1990's for purposes of futures trading, currency trading made a massive move away from currency futures to more direct trading in the Forex markets. Choose aspects of the different systems that are out there that fit your trading style best, and then build your Forex trading system. The following are the characteristics of a Forex Mini Account.

It is important to choose a Forex broker that belongs to a reputable company that has been established in the field for a long period of time. In Part2 we will take a look at a few other do's and don'ts for choosing a Forex trading system. Besides, about a dozen of his colleagues were taken in the same trap (captured by the same trick) - notwithstanding the fact that their experience of work at Forex varied from 2 to 8 years.

If you are trading in United States, make sure your Forex brokerage firm is registered with Futures Commission Merchant (FCM) and regulated by the Commodity Futures Trading Commission (CFTC). Knowing this is the key to successful Forex trading and your key to profit. Day trading currencies are also easier to monitor and predict compared to stocks as there are less of them and the factors influencing global Forex market are lesser. In day trading, you can lose big as well as win big all in a single day so I would not recommend anyone to take up day trading until you have sufficient experience and knowledge in the stock or Forex markets. Since you don't pay a commission to a Forex broker, they make their income through the spread. Ea Remember that this industry is all about customer service and catering to the clients so if your prospective Forex broker doesn't return your calls within a reasonable time frame it would be advisable to keep searching. The backbone of the Forex market consists of a global network of dealers.

In summary, within the Forex market, currencies are priced and traded in pairs. Knowing enough about automated Forex trading to make solid, informed choices cuts down on the fear factor.

Soli Katir
http://www.solikatir.com/Forex-Enterprise.html
Learn how to have a legit online business that puts real money into your bank account.

Article Source: http://EzineArticles.com/?expert=Soli_Kator

A Forex Expert Advisor Simplifies Trading

2008-01-19T06:44:00.000-08:00

With individuals having unprecedented access to the trading of foreign currencies (known as Forex trading), a new suite of tools has become available that serves to level the playing field. Although institutional investors and central banks have long traded in foreign currencies, individuals have only recently had access to an expert advisor system (known as an EA) that allows them to set the parameters for their trades and execute them automatically.

These automated trading systems consist of software that is developed by those who understand both the nuances of Forex trading and the necessity to keep up with the global markets, which when combined are open 24 hour a day during weekdays. Without EAs, individual traders would have to manually monitor the currency markets - which, given the various opening and closing times, is virtually impossible to accomplish.

By using an expert advisor system, a person can set trade signals, such as types of orders, limit orders, and stop loss orders. The critical benefits of such EAs are two-fold: first, the Forex signal reaches the investor's account almost instantaneously, and second, they take the emotion out of trading. Although there are many expert advisors on the market, what they have in common is that they run according to an object set of parameters and conditions. This not only takes the guesswork out of trading, but also prevents the investor from acting on a whim. The formulaic nature of EAs means that, once an investor finds a recipe for success, that recipe can be replicated to repeatedly achieve the same level of success.

However, successful currency trading also depends upon an understanding of the types of events that affect currency markets as well as an understanding of how long-term trends influence Forex trading. For example, a variety of economic indicators can affect the value of a currency, and thus impact its value in the currency trading market. Government economic policies, trade policies, budgetary spending, the changing political landscape within a country or a region, and the level of inflation are all factors that can influence the supply and demand for the currencies of various countries. Similarly, the perceptions of traders - independent of facts - can influence currency prices.

Some Forex traders like to take EAs and put their own unique spin on them. For that reason, some expert advisors offer a feature that captures historical information. Using historical data, investors can test their theories and trading strategies. If they're successful, they can then use them as the basis for their day trades.

Most Forex expert advisor programs are developed using the Meta Trader 4 platform. According to Meta Trader 4, the platform provides reliable historical data, state-of-the-art security measures, multilingual support, customized user interfaces, and flexibility.

EAs are fast becoming the preferred method for individuals investors to set trade signals and to execute foreign currency exchange trades.

Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web. Learn more about Forex Expert Advisor: Easy Trades or Majon's FinancingInvesting directory.

Article Source: http://EzineArticles.com/?expert=Chris_Robertson

Answers to 5 Common Questions About Forex

2008-01-19T06:39:00.000-08:00

Over the past decade, an unprecedented number of individuals are investing money in nontraditional financial instruments. As a result of both low interest rates on so-called "safe" investments like savings accounts and certificates of deposit, and increased exposure to the stock market through various employer retirement plans, the stock market is no longer beyond the reach of most individuals. In addition, the dot-com boom of the 1990s reinforced the notion that the easy day trade could generate significant returns.

Today, there is a new market that is generating excitement and interest from investors: the forex market. Stories abound about people making fortunes with forex. But what, exactly, is forex and how does it work? Here are the answers to five common questions about forex.

1. What is Forex?

Forex stands for the foreign exchange market. Also called FX, forex is the exchange of currencies. It has an enormous trading volume (estimated at over $2 trillion per day) and is primarily traded by financial institutions, investment firms, governments, and central banks.

2. How is Forex Traded?

Unlike centralized stock exchanges (like the New York Stock Exchange or NASDAQ), forex is an over-the-counter trade. Therefore, there are multiple prices for currencies. The rates depend upon who is trading. Because markets around the world open and close at various times, forex is traded virtually 24 hours a day on weekdays.

3. Why is Forex Trading New?

Forex trading isn't new; what's new is the ability of individuals (as opposed to institutions) to participate in forex trading. These trading systems became available to individual with the advent of the Internet and have gained in popularity since the late 1990s.

4. What, Exactly, is Being Traded?

Forex isn't a trade in the traditional sense. You are not, for example, trading money for goods and services. You also aren't providing capital to a company in order to see a future return. With forex, you're betting on the shifting values of the world's currencies as compared with one another. For example, you may bet that the value of the Euro will rise against the value of the U.S. dollar. Or vice versa.

5. What Tools are Available to a Forex Trader?

Because the foreign exchange market is extremely volatile, individual forex traders need to utilize software in order to track their positions and the market. An automated forex expert advisor system (often called "EA" or "EAs") can automatically carry out opening and closing orders. Because the forex market is affected by financial news, these EAs can be utilized to initiate trades during important news. A forex signal can also automatically set a stop-loss, take-profit, and trailing-stop.

Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web. Learn more about Forex: 5 Common Questions or Majon's FinancingInvesting directory.

Article Source: http://EzineArticles.com/?expert=Chris_Robertson

Forex Expert Advisors - Living Up To The Hype?

2008-01-19T06:37:00.000-08:00

As the Forex market gets more and more attention with the deficit of the dollar looming, so are the Expert Advisors that drive the more powerful players of the Forex game.

Why do 90% of forex traders lose? Traders are humans and like all humans, we suffer from greed. Like all humans, in crucial moments (or market conditions) we lack confidence, we have fear of what might happen and most importantly, we are usually (90% of the time) - inconsistent.

Taking this into consideration, 90% of traders WILL LOSE MONEY IN FOREX. They will consistantly give away their money to the other 10%. This, together with the illusion of becoming millionaires overnight trading some "guru's" trading system from an ebook, is what keeps the Forex market a great business for Forex brokers and the so called guru's.

An Expert Advisor is a "robot". Robots beat humans at chess and they beat humans at trading. An EA robot will watch the market for you, placing trades under certain parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterises most traders.

The Expert Advisor has a plan. It sticks to it no matter what, no matter how ugly or uncertain the market looks. It has no greed and will be running 24 hours a day for you.

Some quick highlights of the Kiss Trading System:

* Requires no technical indicators

* Uses a "Set and Forget" strategy to free up your time

* Makes only 1 trade per day at the same exact time

* Requires only 3 minutes per day (or less)

* Is fully automated with a metatrader Expert Advisor (EA)

* No losing month for over one year

* Averages +75 to +150 pips per month

* Average returns of 5-25% per month

For more information on this topic visit http://www.ForexPips.net

Article Source: http://EzineArticles.com/?expert=Luis_Aguirre

Forex Expert Advisors - EA

2008-01-19T06:36:00.000-08:00

Many forex systems are sold online as mechanical automated trading systems, or in Metatrader language called Expert Advisors. Expert advisors are programmed mechanical forex systems designed to work on certain trading platforms, called Metatrader platforms. The Russian designed trading platform is now the most popular trading software among brokers and traders.

An EA could be as simple as a technical indicator (a small software which shows market conditions, up, down, trends, etc..), or could be a sophisticated program based on complicated mathematical and statistical algorithms and several other pre-designed indicators. The expert advisor, as its name indicates, gives advice to the trader as when to buy, sell or close a position and usually it will also tell the trader what size of trade to take. Also, the EA has the functionality and power, if authorized, to automatically place trading orders, or cancel them, buy, sell, and close forex positions!

1. Market Entry

All expert advisors should advise the trader when to enter or leave the market. It can also place orders at market or at another price automatically. The Expert advisor should collect the relevant information from previous historical chart data, and base the decision on that information. The level of information to be collected depends greatly on the parameters which should be entered manually by the trader.

2. Order direction

The EA will also decide, besides market entry, the direction of trade, either buy or sell. 3. Money Management

If required, the EA can also apply money management to your trades. A good expert advisor should know how much to buy or sell, by applying known money management techniques. Some expert advisor would simply change the size of order according to the equity. Some would use a more complicated algorithm. Some do not apply any money management rules.

4. Stop Losses and Take Profit

Expert advisors also have the ability to place, change, or remove stop losses and take profits orders.

5. Trailing stops

There is nothing better than expert advisor to monitor your open positions and use trailing stops. The EA is there 24 hours monitoring your trades and ready to execute anything relevant to what it was programmed to do.

To download some free or even paid Expert advisors, visit http://www.myfxreport.com/ea.htm

Article Source: http://EzineArticles.com/?expert=Yannis_Giamadapoulou

Developing a Forex Strategy That Wins

2008-01-19T06:34:00.000-08:00

Many individual investors are dipping their toes in the waters of Forex trading, but can't quite figure out a sound Forex strategy. For the uninitiated, Forex is a term that's used for foreign currency exchange. Although it's the biggest financial market on the planet, you're not going to find it in the New York Stock Exchange or NASDAQ because foreign currency is traded in an independent market. Almost three-quarters of the trading volume is conducted by fewer than a dozen international banks.

Although only about two percent of Forex activity comes from individual investors, those numbers are growing. In the past, the difference between the bid and ask prices (referred to as "pips") of a currency pair were very low for international banks and much higher for individual, or "retailer," traders. Today, however, lower pips are available to individuals.

Another development that is favorable for individual investors is a "Forex robot," or automated Forex software. Because foreign currency markets are open somewhere in the world virtually 24 hours a day, constant monitoring by individual investors isn't feasible. Such vigilance is only possible with auto Forex trading, which operates within a certain set of parameters.

Developing a Forex strategy that wins often depends upon which Forex robot you choose. Forex trading programs are also called expert advisors (or EAs), and are typically built on a platform called Meta Trader 4. Because the downfall of many Forex traders (and those trading in the stock market as well) is buying and selling based on impulse, a Forex robot takes the emotional aspect out of trading and bases decisions upon historical data, timing, and price.

On the foreign exchange market, currencies are traded in pairs (the Euro vs. the U.S. dollar, for example), which are designated by three-letter codes. Thus, EUR/USD is the designation for the Euro vs. the U.S. dollar, whereas JPY/GBP is the Japanese yen vs. the British pound sterling.

When a currency pair moves into the automated Forex system's pre-determined trading parameters, the Forex robot opens a trade. When the pair reaches a certain profit point - again, one that is pre-determined - the trade is closed. If the initial trade moves in the wrong direction, the robot will open a second trade that is designed to compensate for the loss of the third trade. When the loss has been compensated for, both trades will be closed.

The best Forex strategy is to use an EA that incorporates historical data to calculate and project the market with 95 percent accuracy or more. You should also use a system that comes with settings that you can then adjust to conform to your trading style and objectives. When you do, you'll be able to take advantage of the dynamic Forex market during all trading hours - even when you're asleep!

Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web. Learn more about Developing a Winning Forex Strategy or Majon's FinancingInvesting directory.

Article Source: http://EzineArticles.com/?expert=Chris_Robertson

Automated Forex Expert Advisor Gives Traders the Ultimate Flexibility

2008-01-19T06:32:00.000-08:00

For many people, trading in foreign currency exchange (known as Forex) has become very lucrative, similar in nature to the money made by day traders in the 1990s. Until fairly recently, though, Forex trading was only available to central banks and institutional investors. With the advent of software that acts as an automated Forex expert advisor, though, the Forex market has opened up to individual investors.

The importance and value of an advisor system is obvious when reviewing the Forex currencies that are most often traded. After the United States dollar, the currencies that are most often traded are the Euro, the Japanese yen, the British Pound Sterling, the Swiss franc, and the Australian dollar. Given the time differences involved in the openings and closings of currency markets, performing manually Forex trades is unrealistic. Missed trades equal missed opportunities, which can negatively impact the value of a trader's portfolio.

Automated Forex trading systems allow an individual to take advantage of the real-time nature of Forex trading by having an "expert advisor" (also known as an EA or EAs) monitor the market and make trades on the individual's behalf. There are many different automated advisors on the market, but they have much in common. Each EA is programmed with a unique set of rules for trading. Essentially, the software makes decisions based on the conditions set forth in the program. Typically, the trader can choose how much risk he or she wants to assume, which currencies he or she would like to trade, and open and close positions according to "take profit" and "stop loss" targets.

Another advantage of an EA system is that the emotional nature of trading is taken out of the equation. After all, trading based on emotions can have disastrous results, whether the person is trading stocks, futures, or currencies. An advisor system takes the emotion out of the trading experience, which paves the way for increased profitability and success.

An automated Forex expert trader can also be used by those who enjoy the process of executing manual trades, but who want to test out new strategies. Many EAs have an historical component, which enables a trader to try out a trading strategy using past market performance. If his or her new trading strategy is sound, it will generate a pseudo profit in past market. This is a good indicator that it will work on real trades in live markets.

There are many other ways in which an automated Forex expert advisor can work to the trader's advantage. Some EAs send email alerts, some make only a single trade per day at a pre-set time, some make multiple trades in multiple currencies, and others work to compound your profits by opening increasingly larger trades on your behalf.

While there is an automated Forex exert advisor for virtually every kind of trader, the underlying concept of automated trading devoid of emotion is inarguably sound.

Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web. Learn more about Automated Forex Expert Advisor or Majon's FinancingInvesting directory

Article Source: http://EzineArticles.com/?expert=Chris_Robertson

Trading Foreign Exchange Using Software

2007-12-29T20:15:00.000-08:00

The business of trading foreign exchange has benefited greatly from the explosion in the use of personal computers and the internet. The proliferation of technology has made trading faster and more effective. Perhaps the most dynamic technological development has been in the area of software. If you are accustomed to trading manually, you may be in for a pleasant surprise to find out that automating your trading can save you considerable time and frustration.

If, for example, your style of trading depends on the sudden volatility caused by the release of certain economic news reports, you may have experienced the anxiety and stress of trying to get your order manually set up and executed within a very narrow time frame prior to the expected release. If the market starts to react significantly before your trade is properly set up, you might lose out on a potentially lucrative trading opportunity. Assuming you were able to get in the trade before the spike in price, you may still have trouble getting out timely in order to realize your desired profits.

Software can provide a valuable solution for the trader. Having software do the work in setting up and exiting the trade tends to take the personal emotion out of the process. Arguably, one might even feel less guilty about a losing trade if one could blame the software. Some software packages make it possible to enter many consecutive trades in a matter of split seconds. This would be impossible for a trader manually setting up and exiting the orders. One known software package even provides something called “the flusher” which automatically shuts down orders when certain conditions exist. This is a highly desirable feature, since leaving a position open could expose the trader’s account to significant risk of loss under certain circumstances..

In times past, software for trading the FOREX was designed only for large financial institutions. Accordingly, the cost for such software was extremely pricey. Presently, the price range for software available to individual investors is from about $399 to several thousand dollars. There seems to be no shortage in the selection of software offered to the trading public. Many packages are sold online and usually pop up in the form of a Google ad when a search is performed for things FOREX-related.

The source of trading software varies. Often, software may be developed by an individual trader with programming skills. On the other hand, it may be developed by a large corporation. As with any software, the level of technical support provided is an extremely important selling point to be considered by the buyer. Trading the FOREX can be difficult enough in and of itself without the complications of nonperforming or sub-performing software. Sometimes traders can find great support from an online forum or networking group where members come together to freely share their experience, knowledge and skill.

Software for trading FOREX is often referred to as an expert advisor (EA) or a robot. Certain brokers’ platforms allow the software to interact directly with the market information being fed through the platform. One such platform is the Metatrader 4. By far, more brokers utilize their own proprietary platforms, which may not accommodate independently developed software. One need not be a large programming house to develop trading software. Assuming you have programming skills, amateur or professional, you are free to design your own EA based on your own strategies and attach it to a platform which is designed to accommodate random programs.

As a means of testing the effectiveness of FOREX software, a procedure called back-testing is often used. This process simply involves plugging in historical financial data to determine how the software would have performed if certain underlying assumptions and parameters had been used during the prior time in question. While this procedure may provide some useful information, the best indicator of effectiveness will come from forward-testing in which the software is utilized in a demo or live account on present market conditions as they occur.

A special kind of software is available which has the ability to take market news and interpret it in such a way as to provide trade signals for its users. Some vendors claim their software is able to perform this task in a matter of milliseconds. If true, this would obviously give traders utilizing this software a tremendous advantage over those using their human eyes and brain to interpret the relevant data. This rate of speed involved in delivering the market news is made possible by data feeds from certain commercial news services like Reuters and Bloomberg. The cost is quite prohibitive to most but is sometimes shared by trading groups who pay a monthly service fee to access it and spread the cost among the members.

As FOREX trading among retail investors continues to grow in popularity, it is only a matter of time and competitive intensification that technological advances will become affordable to most. The past few years have witnessed this same type of market penetration take place when high speed internet came within the reach of many computer owners. As trading software continues to proliferate, the quality should also increase.

Sandy Robinson, J.D.
Copyright 2007

If you are ready to change your future by stepping into the exciting world of trading FOREX, go to http://www.winningtradersassociation.com for more information. Author Sandy Robinson, J.D. is part of the Winning Traders Association, an educational organization founded by John Beiler, President. The organization consists of a network of committed trainers and motivated traders willing to provide support to those interested in trading foreign exchange. Many of the members work from home.

Article Source: http://EzineArticles.com/?expert=Sandy_Robinson,_J.D.

Automated Online Trading For Profit

2007-12-29T20:14:00.000-08:00

It has been a dream in the past, but now it is for real. Many business owners dreamt of automatically running their businesses, making profit, without interfering themselves. They setup their businesses, employ people, employ people to administer those employees, and run the business. However, there was always a missing piece in the chain: Who will administer the administrators? At the end, they have to engage themselves.

Many traders in the past dreamt of having a machine trade for them, take decisions, enter positions, close them, manage their money, etc... Finally this became a reality. Automated trading systems, now called Trading Robots are available for affordable prices.

Stocks & Shares

One nice piece of a trading robot is Marl, The Trading Robot. It is a $28,000 program with sophisticated code that scans stocks, their prices, trends, and puts them on a watch list according to complicated mathematical equations. This watch list then is being scanned again and again until a valid opportunity comes out. At this time, Marl, chooses the target stock to buy or sell.

However, since this trading robot is expensive, the creators has found a way to make its results (stock picks) available to traders, by sending them newsletters, containing those targeted stocks which are expected to double in price in no time!

Forex & Currencies

The huge liquidity in the forex market made automated trading available to a large scale of traders, even to anyone. The so called expert advisors, EAs, can automated your trading for A to Z. Many experienced traders and programmer have translated their manual systems into automated ones. All you need is a trading platform called metatrader, and a small file called EA. The code which is contained in this EA directs your platform what to trade. It can open, close, manage all your positions and accounts.

For Stocks http://www.mystocksreport.com/stocks_trading_robot.htm

http://www.mystocksreport.com/

Article Source: http://EzineArticles.com/?expert=Yannis_Giamadapoulou

Answers to 5 Common Questions About Forex Trading

2007-12-29T20:13:00.000-08:00

Forex Expert Advisors - EA

2007-12-29T20:12:00.000-08:00

A Profitable Stock Trading Robot--Is It Possible?! by Brett Hart

2007-12-29T20:10:00.000-08:00

"...The First Commercially Available Stock Trading "Robot" Which Earns $346.77 Per Week (Managing $1000 Capital)."

My initial response was... "Here we go again... another program stating an 'amazing return' that doesn't deliver."

Well, my friend convinced me otherwise (ok, it might of helped that he was driving a BMW)...

As I dug deeper, I noticed that these guys just might be the real deal! A way for me to finally speculate penny stocks profitably?!

Wanna find out what I'm talking about? CLICK HERE NOW!

After reading further, I came upon crazy things like... "Marl can process 1,986,832 mathematical calculations per second."

"The version that preceded Marl brought in an estimated $4,000,000,000 for investors."

No system is perfect, so I decided to contact my friend and see what the success rate was.

"Nearly 80 percent of the time!" he said.

"On every 5 trades I place, I walk away with gains on 4 of them."

"Alright, so what are they? Small gains?" I replied back.

He chuckled again. "No, they average out to 72%."

"HOW MUCH ARE YOU PAYING FOR THIS?!" I quickly shouted.

"$47"

... I can't even begin to tell you how shocked I was... I don't think I said a word for around 2 minutes.

After all my countless searching of methods to generate more and more income... I could have been pouring money into this!

Fast forward 8 months... imagine where you'd be with the percentage retuns shown below? That could definitely pay off a few bills!

Here's a look at some of the gains that have been experienced by myself and all the privileged subscribers of this system.

Superclick Inc (SPCK.OB) - $0.11 (May 07) - $0.24 (Jun 07) - +118%

Dhanoa Minerals Ltd (DHNA.OB) - $1.00 (May 07) - $1.55 (May 07) - +55%

Sustainable Power CP (SSTP.PK) - $0.05 (Jun 07) - $0.12 (Jun 07) - +140%

Providence Resources (PVRS.OB) - $0.24 (Jun 07) - $0.18 (Jun 07) - (-25%)

BioQuest Technologies (BQTG.PK) - $0.37 (Jun 07) - $0.72 (Jun 07) - +94%

Holloman Energy Corp (HENC.OB) - $1.52 (July 07) - $1.95 (July 07) - +28.3%

International Oil & Gas (IOGH.PK) - $0.14 (July 07) - $0.11 (July 07) - (-21%)

Platina Energy Group, Inc (PLTG.OB) - $0.13 (Aug 07) - $0.22 (Sept 07) - +69%

Natco Intâ€™l Inc (NCII.OB) - $1.63 (Aug 07) - $2.24 (Aug 07) - +37%

IDS Worldwide Inc (IDWD.PK) - $0.22 (Sept 07) - $0.27 (Sept 07) - +22%

Patriot Scientific Corp. (PTSC.OB) - $0.35 (Sept 07) - $0.48 (Oct 07) - +37%

China YouTV Corp (CYTV.OB) - $0.13 (Sept 07) - $0.11 (Sept 07) - (-15%)

Voyager Petroleum, Inc. (VYGO.OB) - $0.06 (Oct 07) - 0.08 (Oct 07) - +33%

Naturally Iowa Inc (NLIA.PK) - 0.21 (Oct 07) - $0.40 (Oct07) - +90%

Now, if that doesn't hold your attention--I'm not sure what will?!

Carl & Mike just notified me that they have 14 spots left for their newsletter, at the highly discounted rate of $47--plus they're throwing in a GUARANTEE!

I couldn't believe it! They are GUARANTEEING that this will work for you...

They also told me that if you think that you've wasted your time on their page, they'll give you $20 just for stopping by ( if you don't believe me, go to the site and click on the "x" to close it out).

Just to summarize...

* You can start out with little capital (we're talking about Penny Stocks here, not shares of Google). ** You can have your hand "held" for only $47. All you have to do is know how to hit "Buy"... and then "Sell" when the time is right.

***Your success is guaranteed--or you can scream and yell at them... and they'll return your $47. ****And, if you feel that you've wasted your time by checking out their site, they'll give you $20.

I think you may want to have your 'mental state' checked if you somehow consider this not a very good offer. Haha, but seriously, don't you think a better life for you and your family is worth the 5 minutes?

Click here to see what has been officially added to my "Multiple Streams of Income" list.

Wishing you the best,

Brett

About the Author

Brett currently lives in Northern Indiana and is a full-time (at home) options & commodities trader, and was most recently shown the profitability of penny stocks with a system that is able profitably predict drastic price movements (he shares this in a recent article).

Marl the stock robot : The truth about Marl the stock robot by Dwayne Sharp

2007-12-29T20:09:00.002-08:00

I have been recieving many emails about a newsletter and automated trading system called "Marl: The stock trading robot". Many people requested that I review it to ascertain whether or not this is a real money maker or just more internet "Hyperbole". You know...where marketers prey on desperate novice traders in search of easy pickens. I approached my investigation with substantial doubt as this suggested quantitative analysis and stock picking by a robot for $47 sounded like pure foolishness. I never ever recommend penny stocks or pink sheet stocks in general for their low or no earnings and insufficient reporting requirements.I prefer NYSE and Nasdaq stocks the "best of breed" for my trading.

It was very interesting to note the backgrounds of the robots creators however. Two self proclaimed "geeks", named Michael and Carl.

It appears that Michael developed the famous "Global Alpha" computer stock trading model, while contracted to Goldman Sachs. Goldman is the world's most prestigious and rich investment banking and financial firm. This system reportedly trades derivatives.

So the Marl The Robot newsletter is based on his new computer program. This program essentially picks penny stocks that are rising above resistance levels with the greatest velocity according to proprietary algorithms. This computer "Mel" is programmed to search these stocks and read charts within 7 seconds. And the one thing I found interesting was that it heeded spectacular results!!. The software consistently picked winners.

I do offer a word of caution penny stocks are the ugly stepchild of the markets. they are where corruption and pump and dump schemes and the worst companies in the world survive. But there are hundreds maybe thousands of really great bargains and companies listed on the penny stock exchanges. I would use serious money management techniques but I do recommend trying this newsletter. Many people are seeing great returns from this. I would not recomend putting 100% of your funds into this. But this is a great program to manage "the new penny side of your portfolio". Remember to pick a brokerage with low commissions and you may have to sign special papers just to trade some of these penny stocks with your brokerage.

If this information was helpful to you or to learn more about "Marl the stock robot you can go here. http://davidkane7.affstocks.hop.clickbank.net

About the Author

Dwayne Sharp is an avid stock trader. He has been trading and testing automated systems since 2000. He has extensive knowledge of stock trading and trading platforms. he is a contributing writer to the forthcoming book entitled "Murder The Markets" and the "Murder The Markets Newsletter"

Can Forex Trading Ever Be Stress-Free? by James Woolley

2007-12-29T20:09:00.001-08:00

As rewarding and as profitable as forex trading may be, there's no denying that trading forex for a living can be extremely stressful. It can really get your heart racing at times, particularly if it's your own money at stake, but nevertheless there are ways in which you can reduce your stress levels, as I'm about to discuss.

One way of doing so is to devise a form of trading which is automated to an extent and eliminates the need for you to make trading decisions yourself. A classic example would be a breakout system where your main job is to identify tight trading ranges. Then you just need to wait until the price moves outside of this range and trade in this direction, hoping it's the start of a solid breakout and the price will subsequently move away from this range.

Breakout systems are very popular amongst forex traders and are definitely one way which you can trade without too much stress.

Another way of reducing your stress levels when trading forex markets is to stop scalping and placing very short-term trades as this form of trading is arguably the most stressful. Yes you can make big profits within just a few minutes but you can just as easily lose a lot of money as well, particularly when you get spikes in price which immediately takes out your stop loss. So scalping is definitely not for the faint-hearted.

Instead you should focus on longer term trading where you can take your time making trading decisions and have plenty of time to watch the markets and move your stop losses and limit prices as required.

Long term trading also enables you to test the idea of trading for a living whilst still keeping your present job. There's nothing more stressful than trading knowing that your entire income depends on you making consistent profits, so by taking a longer term view you can trade knowing you have your main job, and therefore another regular income coming in, which reduces stress levels dramatically.

The final method you can use to eliminate stress (which is obviously not for everyone due to the high cost involved) is to devise your own trading robot which places trades for you, depending on certain criteria being met. This is very complex and definitely beyond most people but is one other option you could consider.

Anyway the main point to remember is that although forex trading can be a highly stressful profession, there are ways in which you can make regular profits without consistently being on the edge all the time, and at risk of having a heart attack.

About the Author

James Woolley has been trading the forex markets for around five years and also runs a blog dedicated to offering free forex trading strategies.

The Hottest Penny Stock Info Comes From a Robot by Janet Brooks

2007-12-29T20:08:00.001-08:00

Have you been burned by the penny stock market? Or, are you considering buying penny stocks but in need of more Penny Stock Info. Well you are not alone.

Unfortunately, most people that get into the Penny Stock Market Lose! Usually there are two reasons for this. 1. The investor is new and didn't know how to do the right kind of research or 2. The investor was successful in the Blue Chip market, but didn't understand the differences when it comes to buying penny stock. Whichever the case, here is some helpful Penny Stock Info that should put you on the right track.

First of all lets make sure we have a good understanding of what penny stocks are. A penny stock is generally defined by stock that trades for less than $5 a share. I define Penny Stock as stock that trades for less than $2 a share. Other definitions are out there, but this is the foundation for what constitutes a Penny Stock.

Now, what makes the Penny Stock Market so appealing? Bottom line, it is a Legitimate Vehicle to Getting Rich Quick. But as you can see from the information above you need to get your hands on that valuable information that gives you the best Hot Penny Stock Picks.

The reason that the Penny Stock Market is so unpredictable and hard to why it so hard to find a reliable Penny Stock Advisor is because Penny Stocks are purely speculative. There isn't the information available to research-- like say the years of statistics on stock like IBM.

But in the case of Marl--the first available stock trading Robot which actually earns $346.77 a week managing $1000 capital, the Hot Penny Stock Picks keep comming to members on a weekly basis.

The difference between a computerized Penny Stock advisor and a human broker is this. Marl can actually analyze 100's of stocks at the same time giving you OPTIMUM Penny Stock Info. Where as a Broker has to peer over charts for hours, even days just to come up with one pick.

Marl not only indentifies the hottest penny stocks, but it manages a portfolio so you know exactly WHEN to Buy and WHEN to Sell. This is crucial in the game of penny stocks.

In the world of Penny Stocks, my Portfolio is managed by a Stock Trading Robot and my first trade netted me $300 on a $500 investment! Not bad for a first time Penny Stock Investor!

About the Author

The truth is, most people loose in the Penny Stock Market. But with this amazing Stock Robot, these proven Hot Penny Stock Picks give their members an average of a 387% return!

How to Pick a Penny Stock Advisor Without Getting Burned by Janet Brooks

2007-12-29T20:07:00.000-08:00

Is there really a Legitimate way to get rich quick? Just go on the internet and type in a search for make fast money. You will get millions of results. Of course, everyone wants to make easy money, but weeding out the real path to riches can be a daunting task.

For many people, myself included, Penny Stocks have proven to be a vehicle to fast fortunes. These stocks can have such a low initial investment (generally speaking Penny Stocks are Stock that trade at less than $5) that they can attract almost anybody with their lure of getting rich super fast.

That's why it pays to do some research and choose a Penny Stock Advisor that has a proven track record of Hot Penny Stock Tips.

There are several factors to consider when choosing this type of service. The key here is to find "someone" or "something" that can show you how to curb your risk and at the same time, demostrate that they have consistently identified stocks that have given good returns.

This service should also cater to all levels of investors. Whether they are beginners or savvy long-time investors, the Penny Stock Advisor that you choose should be able to give you a hand-holding experience from beginning to end. Pointers like how to pick the best Broker, How to Buy, How to Sell, and eventually how to use Margins should be covered in depth and readily available to members.

Another very important factor that is often overlooked when choosing this type of advice is Customer Service. When you are trading in the Stock Market timing is crucial. What kind of time frame can you expect for a customer service representative to respond to any questions that you may have. Hey, if you have a questions about buying Penny Stock and it goes unanswered, you could have just missed out on any type of profit that would come from that Hot Tip. That's how fast things move in this Market.

Perhaps the single most important factor in choosing a Penny Stock Advisor is if they keep a Managed Portfolio. Why is this key to helping you manage your positions? Because if they don't keep a Managed Portfolio, there is absolutely no way for them to tell you when to Sell. And Selling is Just as important as Buying!

I use a Stock Trading Robot to manage my Penny Stock Portfolio. Not only because this Robot keeps a managed portfolio so I know exactly when to buy and when to sell, but because of it's analytical capabilites. A human Broker can only look at one stock at a time. My Robot looks at hundreds of stocks at the SAME time and can pin point more than one that is poised to take off.

The Stock Robot that I use is called Marl. This Computerized Robot netted me $300 on a $500 trade in October 2007. Now that's a return! I have found that this is the only Stock Advisor that I need.

About the Author

Most Penny Stock Investors Lose Big Time. Not Me! My Penny Stock Advisor is a Robot that consistently earns me $346.77 a week. http://www.bestpennystockstobuy.com

Invest In Penny Stocks - Make Money Today! by Derek Bijnaam

2007-12-29T20:06:00.002-08:00

Invest Penny Stock - Make Money Today

There are a lot of high-quality penny stock (stocks that trade for under $5 and off of the major market exchange) investments available that you could turn a small amount of money into a small fortune very quickly. However, to discover these you need to know what to look for and what to avoid. You need to understand supply and demand especially when it comes to what makes an investor like a particular stock and dislike another. Penny stocks are fun and exciting but you need to know the basics.

Penny stocks (a.k.a. micro stocks, nano stocks, and micro cap stocks) are high risk and high reward investments that are traded either on pink sheets (over the counter) or on the NASDAQ. These stocks are often volatile and unpredictable, and something defined as a penny stock in the morning may not be a penny stock in the afternoon. Penny stocks can often undergo dramatic price swings and can rise or fall 50% or more during a trading day. Unlike long-term investing where you might pick a stock and not review your profits for days with penny-stocks, you have to be ready to buy and sell at a moment's notice.

There are many reasons why people invest in penny stocks. One is having a limited amount of capital or wanting an exciting investment without waiting years to take in profits. Penny stocks are usually held for shorter time frames, and attempt to pull returns from the stock in a matter of months rather than years. Also it's not a bad idea for a new investor to start here and learn the basics of buying and selling shares using low-priced investments.

For those who have a very basic knowledge of investment strategy and terminology there are automated trading systems available on the Internet. Some trading systems are fairly complex and still require a fair amount of training to be used successfully. However one system has become a handy tool for many beginner investors and that is the stock-trading robot called Marl. This robot will analyze stock trading patterns and look for patterns using mathematical algorithms that break down the trading record and determine at which points the stock peaked, and the points where it's value declined. As a result it will relay specific information to you on when to buy or sell. So, with this tool on your side, proper risk and money management, you can turn your money into a fortune.

If you would like more information about doubling stocks, pennystocks, and investing Derek Bijnaam has discovered an amazing system. He revels it here at http://doublestocks.blogspot.com/

About the Author

Derek Bijnaam is a freelance writer and entrepreneur.

Marl stock trading robot review. Is Marl stock trading robot scam? by Greg Kowalsky

2007-12-29T20:06:00.001-08:00

Four weeks ago I found www.doublingstocks.com website and it got me really interested. It all sounded like hype and I didn't believe one word from the beginning.

I started searching the Web trying to find some reviews on this product. I read many of them and all of them were positive ones.

Finally after one week of researching I decided to purchase Marl stock trading robot . I didn't want to wait at all so I put the robot into action straight away.

I didn't actually believe in all that hype from sales copy. I just bought Marl robot because money isn't an issue for me and if it was going to be good software I didn't want to take chances to miss it.

I installed Marl stock trading robot on my PC and after 20 minutes I got my first tip. Then I went to my stock account and I purchased some stock and I went to bed.

Believe me or not but I have been trading stocks for so long that I don't feel the excitement anymore. Even if I was going to lose $100 I didn't care.

When I woke up the next morning I drunk some coffee, switched my PC on and I went to my account to check how Marl stock trading robot did. I was actually surprised because I made some money. To be exact it was 71% out of my initial investment. The software did great but it could be pure luck as well.

I decided to invest some more money right away.

I purchased more stock and this time I was going to watch Marl robot closely. I spent 6 hours in front of my PC and after I was finished I made another 150USD. The software seemed to be working all right.

I decided to make final test before going for big money. Once again Marl trading robot didn't fail.

Three weeks have passed since I bought Marl robot and I have made loads of money thanks to it. I can honestly recommend it and one thing I am absolutely sure is that Marl stock trading robot is not scam.

I haven't received even one wrong tip from this program. It has all been all right.

Important update: I have found www.gregs-scam-report.com website. It is owned by Greg Kowalsky who is stock trading guru. He claims that Marl stock trading robot is useless for 90% of its users.Click here to find out what Greg Kowalsky has got to say about Marl robot.

If you want to find out more and read more reviews on Marl stock trading robot click here.

About the Author

I am a professional stock trader. I have purchased Marl stock trading robot and decided to write a review article. I hope you will find my Marl stock trading review helpful.

Is Doubling Stocks A Scam? by Chuck Hoskins

2007-12-29T20:05:00.001-08:00

After Years Of Trading, I'm Really Cynical About Most Newsletters!

This is a review that comes from my personal experience with Marl "The Stock Trading Robot".

The Doubling Stocks newsletter provides stock picks that are chosen by an extremely expensive, and very high tech automated trading system that sells for $28,000 dollars (US). No, that's not a typo, $28,000! At that price and sophistication level, its definitely a system for the "big kids". There is however a way to play. For only $47 you can subscribe to the newsletter, and get the picks that were done by Marl in time to place a trade for the opening bell. Once you've subscribed, you get Marls picks in your email at regular intervals.

Over the past 15 years, I've worked with a lot of trading systems, both manual and automated. After having traded stocks on all the major exchanges as well as options and commodities, and holding several licenses within the financial services industry, I consider myself a pretty well informed guy. Over those years I have had some minor success with automated trading systems, but never anything that would allow me to take a trip to Tahiti, and not come back. When I found Doubling Stocks, my ego had to take a couple of steps backward. There is no way this can work, or so I thought. Do Automated Trading Systems and Stock Bots Work?

Frankly, as a general rule, NO! The amount of data that has to be analyzed is extremely complex, and gets more complex every day. There are thousands of trading programs out there, from consumer level to professional. Most are indeed scams, and the ones that aren't, the ones the pros use, are to expensive for the average trader the even consider.

These systems require an incredible amount of knowledge to program. Not just an absolute understanding of technical analysis, but also of advanced mathematics, statistics and statistical analysis and advanced programming skills. That's why these guys make big bucks. They are geniuses in several areas. More About Marl The Stock Trading Robot

So, when your a genius, and develop a program like Marl, where do you go from there. After all, guys like Carl and Michael, who had been with Goldman Sachs, don't just site around on their hands. Marl was an incredibly successful project, and they wanted to move on to something else.

I found the Doubling Stocks newsletter when I was looking at some information on market analysis and ways to analyze more stocks faster. Being the cynic that I am, I don't usually trust information at first glance, so I did a lot of research and found that there are some who are critical of the concept of Marl, giving an advantage to the big trading firms. Well in my mind, that's the kind of criticism that I don't mind seeing. In my trading efforts, I really want an unfair advantage. But I certainly didn't want to spend $28,000 on this!

The Doubling Stocks newsletter allows subscribers to see the signals and picks generated by Marl, and share in the profit. It really is the way to go for those of us who are not working for a large Wall St. firm. These are some of the claims made by Carl and Michael about Marl:

* Average returns above 100%, often within first 3 hours of market opening * Very high rate of success of picking winning stocks * Marl can analyze 7 stock charts per second (I'm lucky if I can truly analyze 7 in a day) * Marl can process 1,986,832 mathematical calculations per second * Feedback loop allows Marl to constantly be perfecting its trading formula (all that means is that it learns, and improves) * It means that Marl can be extremely selective * One lifetime fee of only $47 * 8 week, 100% money back guarantee!

Learn More About Marl The Stock Picking Robot

With all of the positive news being reported about the Doubling Stocks newsletter, it was worth my time and money to check it out. And I had nothing to lose with the 8 week money back guarantee. That was definitely enough time to evaluate the program. If it worked, I would be able to make back the $47 cost on my first trade. If not, I would get my money back.

I Made My Money Back, And Then Some

After my first trade, I knew this was for real. I made my money back and then some on my first trade. I average 2 trades per week, and while Marl isn't right 100% ( who is? )of the time, the upside profits are enough to keep a smile on my face, and a rapidly increasing amount of cash in my trading account.

I was thinking about making a video so people could watch the program in action, but then I noticed that they actually have one, that shows an actual trade and the profit created on the Doubling Stocks site.

I have nearly replaced my monthly income using the Doubling Stocks newsletter. I've spent years making other people money, now its my turn, and yours. The Doubling Stocks newsletter has given me the opportunity to do what I really love, trade stock successfully, and spend time with my family.

Its great to be skeptical, I was. But with nothing to lose, its definitely worth a try. Option 1 is you make your money back on the first trade, like I did. Option 2 is you find that its not for you ( I kind of doubt this), and you have 8 weeks to try it out, and get a 100% money back guarantee. Thats plenty of time to make a decision with no risk!

Heres is what I recommend you try -

* Get the newsletter (its a one time, lifetime fee) * Don't put any money into the first 4 or five trades, but watch them as if you had money in them. * Once you see the potential, put a few hundred in one of Marls tips. * Relax, pour a cup of coffee and enjoy the money!

About the Author

Read This Article At TheArticleShare.com

Investing - Commission vs. Fee Based Advisors - Which Cost More?

2007-12-29T20:03:00.001-08:00

There is a debate in the financial services industry over commission versus fee-based compensation. As an investor, it’s important that you understand the differences. Otherwise, it can end up costing you tens of thousands of dollars and great frustration.

If you’ve read any of my weekly articles, you know that I am opposed to investors working with a commission-based advisor. I often receive angry emails from brokers and agents berating me for ‘misleading’ investors. They say that over time an investor will end up paying less in a commission-based product versus paying an ongoing management fee of 1% per year.

On the surface, this appears to be true. If you invest $100,000 into a mutual fund with a 5.75% front-end commission, you will have $5,750 deducted from your account on the first day. If instead, you paid 1% of the value of the account each year for seven years then you would end up paying $7,000 in fees—not counting the fees from the account increasing in value. As the value of the account goes up, so does the amount paid in management fees. On the other hand, the up-front commission was only based on the initial investment.

Why on earth, then, do I say that it is more expensive to pay a commission?

First, this simple example above does not take into account the true costs associated with investing over that seven-year period. It’s true that if you owned the same investment for seven years and didn’t make any changes along the way, that you would benefit from paying a commission versus fees.

The problem is that there will only be a handful of every 100 people who will hang on to the investment that long. Studies have shown that the average length of mutual fund ownership is less than 2 years! It’s not unusual for an investor to go back to the broker that received the initial commission (or to a different one) to complain about the performance of the investment. Many times the broker then recommends the investor make a change that involves another commission.

Or maybe you initially purchased a variable or an equity-indexed annuity. If you need to take out your money because your situation changes or you’re unhappy with the annuity’s performance, you will end up paying a steep surrender penalty. The amount of that penalty should be considered part of its cost.

Secondly, the service you receive suffers when you pay a commission versus an ongoing fee. Commission-based advisors justify earning their commission by saying that the client is paying for 7-10 years worth of service up-front. But the advisor gets the commission regardless of how the investment performs, how little they service the account or how unhappy you are.

The commission-based advisor improves their standard of living regardless of whether they improve yours.

If you pay a dentist for seven years worth of service up-front, what incentive will the dentist have to bring you in every six months? None. In fact, by doing so, the dentist is wasting time that could be spent selling someone else a 7-year package!

Paying a management fee gives the investor CONTROL over the relationship. You can change investments or move your account, at any time, without additional costs.

As a fee-based advisor, the only way I can improve my standard of living is to first improve yours.

In fact, when you consider all the time I initially spend with a client, it takes retaining that account several years in order for me to profit from it. As a result, I continue to be motivated to meet your needs and to keep you satisfied.

Wouldn’t you rather have your advisor’s compensation tied to their performance?

The worst investment you can make is having an advisor who doesn’t do a good job. You won’t know if you have the right advisor until after you’ve worked with him/her for about a year. If you’ve purchased commission-based products it will be costly to change. It’s not so with a fee-based advisor.

Don’t be fooled by the argument that it is cheaper to pay a commission than to work with a fee-based advisor. It’s just not true. It’s your money and you deserve better.

Nationally-syndicated financial columnist and Certified Financial Planner® Jeffrey Voudrie provides personal, in-depth money management services and advice to select private clients throughout the USA. He’ll answer your financial question – FREE at http://www.guardingyourwealth.com

Have a financial question? I’ll personally answer it. Go to www.guardingyourwealth.com and click on ‘Ask Jeff’.

In addition to being a nationally syndicated columnist and Certified Financial Planning Practitioner, Mr. Voudrie provides personal, private money management services to clients nationwide.

Article Source: http://EzineArticles.com/?expert=Jeffery_Voudrie

Eight Questions to Ask Your Financial Advisor

2007-12-29T20:02:00.002-08:00

You may like your financial advisor, but is he really looking out for you? All advisors are not created equal, and you have a right to know what makes them different! You also have a right to ask yours if he compares!

(1) Do you use a holistic approach to financial planning by determining my values and goals?

(2) Do you work on a fee-only basis, a commission basis, or both, and why?

(3) Do you have company-established insurance requirements, or do you recommend insurance only when it is needed by your clients?

(4) Do you attempt to ‘beat’ the market through timing and selection, or do you believe that attempts to do so are not worth the additional level of fees and risk? Are you aware that a vast majority of my returns will be based on asset allocation, rather than timing and selection?

(5) Are you a Registered Investment Advisor, and therefore a fiduciary? In other words, must you legally and ethically put my interests above your own?

(6) Do you meet with your clients at least three times a year to refine their portfolio and find out how events in their lives may have changed their financial goals?

(7) Do you return phone calls the same day you receive them, and are you available to answer questions as they arise?

(8) When you wake up each morning, do you ask yourself how you can best be of help to your clients that day?

Adjust these questions as you see fit, and depending upon what your own objectives and needs are from an advisor. The best advice is to never be afraid to ask!

© 2004 Matthew S. Clement, All rights reserved

Matthew S. Clement is a financial planner and investment advisor representative with Financial Network Investment Corporation, member SIPC. He provides holistic wealth management and retirement planning to individuals and businesses. He can be reached in New York at (845) 942-8578, or by email: ClementM@FinancialNetwork.com.

Article Source: http://EzineArticles.com/?expert=Matthew_Clement

Benefits and Pitfalls of a Java-Based Forex Trading Platform

2007-12-29T20:02:00.001-08:00

Many forex brokers today offer a Java-based platform to traders as opposed to the traditional software that needs to be installed on your computer.

If you are considering using a broker that offers this type of web-based trading platform, it is important for you to understand what makes this option good, as well as its potential downfalls.

First off, Java is a programming language that can make dynamic programs available through just your web browser. So understand that with Java-based trading, your forex trading platform will load within your internet browser (such as Internet Explorer or Firefox).

One of the potential upsides of a Java-based trading environment is that because there is no need to install any software, you can use nearly any computer to access your forex trading account. With a downloadable trading platform, you will usually be tied to a single computer for your trading because any other computer that you would use would need to have this software installed as well.

A potential downside of a Java-based forex platform is that downloadable platforms tend to have many more features, such as a newsfeed, advanced charting, and possibly even trading signals. A Java-based platform will likely have not much more than you need in order to place trades, and you will need to use some external charting program in order to view price data.

FX trading platforms that you have to download and install onto your computer tend to be highly refined to the point that they will very rarely, if ever, crash. Brokers know that they could lose many customers if they use a software which is prone to crashing, so they will put significant resources into making sure that their software will be stable.

Your internet browser is much more prone to crashing than is your trading software (usually), especially if you are surfing other web pages or checking your email at the same time. If your browser does happen to crash or shut down, and you have trades open, it is hard to predict what will happen.

Either way, it is always a good idea to keep the phone number of your broker on hand just in case you should have trouble with your trading platform. If for some reason your Java-based trading environment were to crash while you had trades open and you were unable to bring that data back up on your screen, it would be wise to call your broker and close all open positions.

Ideally, you would want to choose a forex broker that offered both a Java-based trading environment as well as downloadable software. That way, you could enjoy the stability and features of the downloadable software, but also be able to log into your trading account from a computer that does not have the software installed.

Get more free education and ebooks about the forex market at http://TheForexSurfer.com/ebooks, and also learn about a highly profitable trading strategy called Forex Surfing.

Ride the Waves of the Global Economy ~ http://TheForexSurfer.com

Article Source: http://EzineArticles.com/?expert=Marcus_Masters

Earn Life-Long Leveraged & Residual Income with SFI. by Anup Mahajan

2007-12-29T20:01:00.001-08:00

Strong Future International (SFI) Home Business Opportunity

Strong Future International (SFI) is a pioneer in internet home based business solutions and it offers a fabulous opportunity for people to kick start and grow their home based business and secure their financial future.

SFI is the marketing arm of IAHBE (International Association of Home Business Entrepreneurs) and Veriuni, a company selling nutritional, cleaning, personal care, pet care and telecommunication products. SFI has also partnered with some reputed companies and offers additional products such as magazines, music and online coupons to its subscribers for promotion and sales. SFI is a member of the Better Business Bureau and its products are of very high quality.

SFI has a unique business model and it combines direct sales with network marketing using the immense power of the internet. SFI has hundreds of thousands of affiliates in more than 200 countries and its products are exposed to millions of customers.

Why should you join SFI?

1) Free to join.
2) #1 Home business opportunity for the last few years.
3) Extremely simple system. Perfect for beginners as well.
4) Totally flexible. You decide how you want to run your SFI business.
5) No inventory keeping, packaging or shipping. All this is handled by SFI.
6) Access to Affiliate center with free marketing aids, business tools and training to grow your SFI business.
7) Truly International Opportunity.
8) Life-long leveraged and residual income opportunity.
9) And much more ..

Click here to see how SFI is more beneficial than other Network Marketing / MLM, Affiliate, Franchises and Direct Sales programs.

Besides that it is very simple to make money with SFI. You make money by selling SFI products and/or sponsoring (inviting) more people to SFI. Depending on your rankings in SFI (discussed in a later section), you will earn commissions.

Finally you can experiment with different SFI tools, resources and training free of cost for as long as you like. There is no obligation from your side.

What does SFI offer to its members?

SFI offers a lot of tools to its members to successfully expand their SFI business. The most powerful among them that you can immediately start using are -- personal store and gateways.

Personal Store

As soon as you join SFI, you get your personal store that sells SFI products (more than 600 of them). Your personal store sells Wellness & Nutrition products, Personal care products, Pet care products, Tech products, Magazines & even music. For every sale you generate, you earn commission. The best part is you don't have to bother about keeping inventory, packaging and shipping. All this is handled by SFI.

Gateways

A gateway is a channel to promote specific SFI business. SFI offers you many gateways that you can use to promote your SFI business. You can promote as many gateways as you like. Promoting gateways help you to generate sales and/or sponsor more people in your SFI business.

Check out the different Gateways available with SFI below:

Gateway No. 1 : International Association of Home Business Entrepreneurs (IAHBE)

An IAHBE membership provides exclusive benefits, money-making strategies, best online resources, specials, and expert advice and tips--all for less than $1 a day! You won't find a more powerful lineup of resources for home-based entrepreneurs anywhere else. An IAHBE membership also comes with a 30-day, no-risk, money-back guarantee.

Gateway No. 2 : Network Builder Program

Building your own network of affiliates is a powerful way to create a substantial residual income stream that puts money in your pocket, year after year.

Then, as your affiliates start referring others, your network grows faster and faster -- creating substantial ever-increasing income on team commissions and bonus income.

Gateway No. 3 : Consumer Goods

SFI offers numerous quality and in-demand products for your customers, including
1) Wellness & weight loss products,
2) Environmentally friendly cleaners,
3) Coffee and teas,
4) Soap and shampoo,
5) Pet care products.

Gateway No. 4 : Nice Offers Consumer Program

Everyone likes to save money while shopping. Now you can earn decent commission by referring customers to hundreds of money-saving offers and coupons at NiceOffers.com (NOC). In other words, just give away free coupons! They save money -- and you earn money! Over 4500 participating merchants in over 120 countries currently, with new offers added daily.

Gateway No. 5 : Nice Offers Merchant Program

Refer new merchants to the NiceOffers.com program and create residual income streams. All businesses want more customers. When you refer a new merchant to NiceOffers.com, its a win-win situation for all. The merchant gets more customers, the customers save money and you earn amazing residual income.

Gateway No. 6 : Tech Services

Earn monthly income with sales of highly profitable services!

1) Dial-Up ISP Service & Accelerator Service : With Dial-Up Internet Access, your customers enjoy the best of all online worlds: affordable, unlimited Internet access backed by the world's most technologically advanced network.

2) Great Domainia : Help your customers get a memorable, personalized domain name -- as well as URL Forwarding, E-Mail Fowarding, and other helpful online services -- at an affordable price.

3) Wireless Telephone service : Help your customers get great Wireless Service with nationwide coverage via Voicestream, Liberty Wireless Nextel and Verizon Wireless, as well as the latest cell phone technology from Nokia, Motorola, Ericsson, Kyocera, Samsung, Siemens, Audiovox, Panasonic.

Gateway No. 7 : Magazines

Millions of people love to read magazines, and with over 700 popular titles available and high profit margins, SFI's "magazine rack" offers a big opportunity for retail sale commissions -- plus residual income on subscription renewals!

Gateway No. 8 : Music

Just refer prospects to your TuneFlow Gateway and earn a commission on every song purchased! TuneFlow features thousands of songs from hundreds of artists from around the world.

Gateway No. 9 : ClickBucks

Earn up to $4 for each affiliate you refer to SFI. Advertise your ClickBucks Gateway Website to generate new affiliates. You'll earn $0.50 to $4 per new SFI Full Access Affiliate (an affiliate who has confirmed their SFI registration).

AND MUCH MORE ...

As you can see the possibilities with SFI are unlimited. You can sell retail products, promote gateways, sponsor more people and earn tons of money in the process!!

And did I mention SFI is free to join? You get access to all the above gateways just for signing up with SFI. So what are you waiting for? Join SFI today.

How YOU can grow in SFI?

Apart from your personal store and gateways, SFI gives you a wonderful opportunity to grow within the organization. Let's understand how you can grow within SFI.

There are 3 distinct rankings in SFI : Affiliate, Executive Affiliate and Team Leader.

Affiliate

When you join SFI, you get Affiliate ranking. The following are the benefits of being an affiliate:

1) 30% commission on all retail sales.
2) A spot in SFI powerline for 30 days. (SFI powerline is a line of SFI affiliates and it grows infinitely as every SFI affiliate is placed one after another).
3) Access to SFI products & services for promotion & sales.
4) More than 20 Gateway sites to market SFI products & business opportunity.
5) Access to Affiliate Center having free marketing aids, business tools & training to grow your SFI business.

Executive Affiliate (EA)

The next ranking in SFI is Executive Affiliate (EA). You get EA status by collecting 10 Sales Volume points (SVP) every month. SVP is generated by selling SFI products, distributing money-saving coupons or referring people to SFI partner sites that offer these coupons. Once the coupons are redeemed you earn SVP. You may also buy SFI products for yourself, family & friends or for re-selling and earn SVPs.

Executive affiliates get all the benefits of affiliates plus :

1) Ongoing income from everyone under you in powerline. (When you become Executive Affiliate, you lock your position in the SFI powerline).
2) A share of every sale and purchase from every SFI affiliate worldwide who joins after you.
3) Guaranteed commission check every month.
4) 60% commission on all retail sales.
5) Upto 200% Executive bonus (For every affiliate you refer to SFI who becomes an Executive Affiliate (EA), you'll earn a 100% to 200% matching bonus (of their Executive Bonus), then a 50% matching bonus each month thereafter! There's no limit to how many matching bonuses you can earn each month, and referring affiliates to SFI is easy because it's free to join).
6) Upto 56% discount on SFI's popular products via wholesale prices.
7) Commission from NiceOffers.com for activities generated by your personally sponsored affiliates.
8) Commissions on SFI Merchant Services for activities generated by your personally sponsored affiliates.
9) Access to valuable business tools - Co-op Manager, Hit Tracking, Eagle co-op, Key codes to promote your SFI business.

Affiliates who are serious about making money from SFI maintain EA status right from the beginning.

Tip :- One of the easiest way to maintain EA status, especially for beginners, is to subscribe to International Association of Home Business Entrepreneurs (IAHBE). Although this purchase is not strictly required, it will ensure you stay in the powerline and get your share of commission even if you fail to generate 10 SVPs in a particular month. Plus you get access to exclusive resources for Home business entrepreneurs.

Maintaining your place in the powerline after you become EA, is absolutely vital for your growth in SFI.

Team Leader

The next ranking in SFI is Team Leader (TL). You get TL status by collecting 10 Sales Volume points (SVP) every month and personally sponsoring 5 Executive Affiliates.

Team Leader gets all the benefits of Executive Affiliates plus :

1) 80% commission on all retail sales.
2) Instant-Pay Commission.
3) Team Match Income. Earn unlimited 8% of Executive bonus infinitely deep in your team. (Team Matches take your income to a new level by allowing you to earn handsome commissions on all the affiliates your personally sponsored affiliates and their downline refer to SFI. You earn 8% of their Executive Bonus every month).

Let's understand this with an example, if you and every member in your team sponsor just 5 affiliates, your team would look like this:

-- 5 affiliates in your 1st generation
-- 25 affiliates in your 2nd generation
-- 125 affiliates in your 3rd generation
-- 625 affiliates in your 4th generation
-- 3125 affiliates in your 5th generation
-- 15,625 affiliates in your 6th generation
-- 78,125 affiliates in your 7th generation

If every member is an Executive Affiliate, you get Team Match commission for 97650 affiliates!!

4) Create your own SFI ads and promotions.
5) Priority support to your queries.

Team Leaders can be of following types:

-- Bronze Team Leaders (5 personally sponsored Executive Affiliates).
-- Silver Team Leaders (10 personally sponsored Executive Affiliates).
-- Gold Team Leaders (20 personally sponsored Executive Affiliates).
-- Platinum Team Leaders (40 personally sponsored Executive Affiliates).

Join SFI Today

Can you imagine the real potential of your SFI business now?

SFI is one of the best home business opportunities available today and it is one of the easiest ways to earn life-long leveraged and residual income. The fact that it is FREE to join makes it even more irresistible.

A lot of people are already earning full-time income with SFI. You too can take a decision today that can lead you to your financial independence! The choice is yours. Think how you want to see yourself few years down the line and ACT TODAY! Join SFI NOW and secure your financial future!

About the Author

Anup Mahajan is succesfully making money online and he has got several online income streams making money for him. To know more about how you can start & grow your internet business and to get FREE bonus worth thousands of dollars, visit Anup's site NetBizMoney.

Developing a Forex Strategy that Wins by Chris Robertson

2007-12-29T19:59:00.002-08:00

Many individual investors are dipping their toes in the waters of Forex trading, but can't quite figure out a sound Forex strategy. For the uninitiated, Forex is a term that's used for foreign currency exchange. Although it's the biggest financial market on the planet, you're not going to find it in the New York Stock Exchange or NASDAQ because foreign currency is traded in an independent market. Almost three-quarters of the trading volume is conducted by fewer than a dozen international banks.

Although only about two percent of Forex activity comes from individual investors, those numbers are growing. In the past, the difference between the bid and ask prices (referred to as "pips") of a currency pair were very low for international banks and much higher for individual, or "retailer," traders. Today, however, lower pips are available to individuals.

Another development that is favorable for individual investors is a "Forex robot," or automated Forex software. Because foreign currency markets are open somewhere in the world virtually 24 hours a day, constant monitoring by individual investors isn't feasible. Such vigilance is only possible with auto Forex trading, which operates within a certain set of parameters.

Developing a Forex strategy that wins often depends upon which Forex robot you choose. Forex trading programs are also called expert advisors (or EAs), and are typically built on a platform called Meta Trader 4. Because the downfall of many Forex traders (and those trading in the stock market as well) is buying and selling based on impulse, a Forex robot takes the emotional aspect out of trading and bases decisions upon historical data, timing, and price.

On the foreign exchange market, currencies are traded in pairs (the Euro vs. the U.S. dollar, for example), which are designated by three-letter codes. Thus, EUR/USD is the designation for the Euro vs. the U.S. dollar, whereas JPY/GBP is the Japanese yen vs. the British pound sterling.

When a currency pair moves into the automated Forex system's pre-determined trading parameters, the Forex robot opens a trade. When the pair reaches a certain profit point - again, one that is pre-determined - the trade is closed. If the initial trade moves in the wrong direction, the robot will open a second trade that is designed to compensate for the loss of the third trade. When the loss has been compensated for, both trades will be closed.

The best Forex strategy is to use an EA that incorporates historical data to calculate and project the market with 95 percent accuracy or more. You should also use a system that comes with settings that you can then adjust to conform to your trading style and objectives. When you do, you'll be able to take advantage of the dynamic Forex market during all trading hours - even when you're asleep!

About the Author

Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies. For tips/information, click here: forex strategy
Visit Majon's Financing\Investing directory.

Trading by Soli Katir

2007-12-29T19:59:00.001-08:00

Ad In the mid-1990s for purposes of futures trading, currency trading made a massive move away from currency futures to more direct trading in the Forex markets. Choose aspects of the different systems that are out there that fit your trading style best, and then build your Forex trading system. The following are the characteristics of a Forex Mini Account.

It is important to choose a Forex broker that belongs to a reputable company that has been established in the field for a long period of time. In Part2 we will take a look at a few other do's and don'ts for choosing a Forex trading system. Besides, about a dozen of his colleagues were taken in the same trap (captured by the same trick) - notwithstanding the fact that their experience of work at Forex varied from 2 to 8 years.

If you are trading in United States, make sure your Forex brokerage firm is registered with Futures Commission Merchant (FCM) and regulated by the Commodity Futures Trading Commission (CFTC). Knowing this is the key to successful Forex trading and your key to profit. Day trading currencies are also easier to monitor and predict compared to stocks as there are less of them and the factors influencing global Forex market are lesser. In day trading, you can lose big as well as win big all in a single day so I would not recommend anyone to take up day trading until you have sufficient experience and knowledge in the stock or Forex markets.

Since you don't pay a commission to a Forex broker, they make their income through the spread. Ea Remember that this industry is all about customer service and catering to the clients so if your prospective Forex broker doesn't return your calls within a reasonable time frame it would be advisable to keep searching. The backbone of the FOREX market consists of a global network of dealers.

In summary, within the Forex market, currencies are priced and traded in pairs. Knowing enough about automated Forex trading to make solid, informed choices cuts down on the fear factor.

About the Author

Soli Katir http://www.solikatir.com/Forex-Enterprise.html Learn how to have a legit online business that puts real money into your bank account.

10%/year growth or your money back by Paul Heap

2007-12-29T19:58:00.000-08:00

Previously available only to a private trading group, this EA is now publicly available only from myfxtools.com. This EA has been compared to other EA's in the market and outperformed every one of them. The key to success of this system is that it is flexible to changing market conditions.

Some of Point Break features: Small trades are continuously added above and below the opening position. The system will pyramiding, hedging or closing some positions depends which way the market moves. All trades are closed only when a net profit is reached and added to your account balance. Built in money management will automatically calculate the correct position size for your risk level, and it can be used as a full automatic trading system or use it to create your own trading system.

The main goal of multiple trading strategies is to make the drawdown become

smoother when there is choppy market.

Since Point Break version 4, we invented multiple close strategies. Beside each

cycle has its own close profit procedure, there is additional simultaneous

close technique which close all open positions together on specific rule, this

make the close profit target be reached even faster, and as a result the

expanding drawdown probability become decrease also.

Money Management

The probability is that the maximum largest expected drawdown is about $1,500

(using 0.01 standard lot) with Conservative setting. Although it is not

impossible exceed this drawdown.

Based on the drawdown risk when the cycle ranges become expanding, trading more

than 0.01 lot per $5,000 for standard account is discouraged.

Fortunately, the EA uses automatically money management system that it will

increase the lot size when the profit accumulated. For example when the EA

start with $10,000, it start using 0.02 lots, it will increase to 0.03 lots

when the equity become $15,000.

Average Monthly Return:

5-8% for Moderate Strategy (Drawdown Risk: 30% from balance). 10-15% for Aggressive Strategy (Drawdown Risk: 50% from balance).

We have the utmost confidence in the EA and it has been used to managed forex

accounts for 2 years already. This EA is available in a 30-day trial format, available from our site, and we guarantee if you dont make 10% a year we will refund your money back.

About the Author

Paul is the owner of Automated Forex Tools. You can find more information on the PointBreak EA at PointBreak Forex EA.

FOREX ExpertAdvisor Mechanical Trading Systems: What Every Trader Should Know by David Lyder

2007-12-29T19:57:00.001-08:00

iExpertAdvisor - "information and ideas about FOREX trading systems"

FOREX ExpertAdvisor Mechanical Trading Systems: What Every Trader Should Know

Most successful FOREX traders use a handful of diverse trading strategies. Which strategy used may depend on the particular currency pair, recent price action or patterns, market volatility and/or a myriad of other variables.

The simple fact that a trader needs an arsenal of strategies suggests the need for at least one mechanical trading system.

In the recent past, the obstacles to develop, test and run a mechanical trading system were significant. Expensive, complex software platforms, coupled with costly real-time data feeds required a significant investment of time and money. In addition, the quantity and quality of brokers offering such services was limited.

Today, this is no longer the case. There are several free automated trading platforms available from a number of different brokers. One popular platform is MetaTrader 3.0, which uses the MQL II language to develop what MetaTrader calls an Expert Advisor. (In addition to MetaTrader 3.0, there is a newer version, MetaTrader 4.0. MetaTrader 3.0 is generally easier to learn by a non-programmer and is a better choice for a trader creating their first mechanical trading system).

Since this platform is free, and most introducing brokers offer demo accounts, it is an excellent opportunity for a FOREX trader to evaluate mechanical trading without incurring any upfront costs.

But what are the benefits of developing and running one's own mechanical trading system? Should a trader - especially one who is a not a programmer - spend their valuable time learning this skill?

The answer is an overwhelming "yes". There are at least four reasons developing a mechanical trading system is worthy of a traders effort .

Reason #1: The trader's strategy must be fully described

The first step in developing a mechanical trading system is to describe its behavior. The trader is forced to fully articulate the strategy of their trading system. This includes both the trade entry and exit.

The trade entry must be described in detail, including concrete definitions of:the proper market conditions for entry, the trade setup or confirmation, the final confirmation or trigger.

The trade exit must be fully defined as well. The stop loss and limit as well as the conditions for exiting must be fully described.

For many traders, articulating their trading strategy proves to be both challenging and enlightening. The personal growth a trader experiences through this exercise alone justifies developing a mechanical trading system.

Reason #2: Mandatory backtesting

No trader in her right mind would unleash a mechanical trading system without first thoroughly backtesting the system. Paper trading or backtesting by hand is no doubt a tedious and error prone process. Fortunately, most brokers offering free trading system platforms also offer the ability to back test - along with sufficient historical data to perform the testing.

Since the trader has already fully described and translated their trading system into a working program, backtesting is as simple as pushing a button. Of course, a great deal of testing may be required, and the results may defy understanding! But the fact remains, executing the back test is a relatively easy task.

Reason #3: Increased discipline

An outstanding byproduct of backtesting is that it readies the trader for the actual performance of the system. That is, backtesting calibrates the traders expectations of their trading system.

The main benefit of possessing an accurate expectation of one's system is an increased level of discipline. When a trader conducts numerous back tests, they begin to understand the randomness of any one particular trade. This understanding prevents a trader from assuming too much risk on any particular trade - regardless of the quality of the trade setup. While testing, the trader has seen too many "perfect trade setups" that resulted in losing trades. Again, this benefit alone justifies developing and running at least one mechanical trading system.

Reason #4: Consistent execution

Consistently executing a trading strategy is the single most difficult task a trader faces. The ability to accurately interpret market behavior through a smoke-screen of emotions - fear, greed, anger, elation - is a talent very few traders actually possess. An often cited benefit of the mechanical trading system is its ability to execute trades according to its rules, with no variation.

The actions required to develop, test and execute a mechanical trading system are consistent with the behavior shared by most successful traders. If done correctly, the results of these actions reward the trader for the effort; this positive experience reinforces the "good" behavior and gradually builds and strengthens the framework successful traders rely on to remain successful.

Visit us at www.iExpertAdvisor.com

About the Author

Co-founder of iExpertAdvisor, LLC, Author of "Automatic Alpha: How to Build a Winning FOREX Trading System", Author of "The iExpertAdvisor iBulletin"

FOREX trading strategy / learn to use the "Stop hunting" technique by Andrew W. Keynes

2007-12-29T19:55:00.000-08:00

Before learning about the "stop hunting" trading strategy here is a brief explanation about FOREX and the basic terms you should be familiar with before reading this article.

The FOREX is the largest and still growing financial market in the world. With endless liquidity, more than $1.5 trillion changing hand every day. Anyone can use the FOREX market, now days you can download trading software from a handful of broker firms offering their services. The Foreign Exchange market has no physical place where it is exchanged and it never closes. Remember, it is all about money. Buying, selling and trading money from all over the world, creating for you opportunities to make a profit. But the FOREX market is also a very risky market and for being a successful trader you need to do your homework, learn the market and all the aspects around it.

* Leverage - the ratio between the money you deposit in your account (MARGIN) to the actual value, i.e. using a $1,000 to buy a FOREX lot (contract) with a $100,000 value ** Marginal trading - trading with a borrowed capital *** Stop loss- An order placed with a broker to sell a security when it reaches a certain price. Limiting the investor's loss or locking in his or her profit.

Today FOREX traders and investors have acquired the habit of trading with a large leverage and constant use of margin. This comes in contradiction to the way of experienced traders who know how to limit their leverage up to a regular 10:1 leverage ratio. In the FOREX market the leverage ratios set new heights within any comparing financial market by offering a vast 100:1 ratio. Some firms even raised the ratio up to 200:1 meaning that you can put in $1000 for a $200,000 value control. To appreciate the big dissimilarity from other markets here some leverage examples from outside the FOREX world: In equities, a standard margin is set at 2:1. On options, the leverage can rise up to 10:1, and in the futures markets the leverage factor is amplified to 20:1.

Almost without doubt a good number of you have by now read about leverage and margin or are already using it in every-day trading, so why did I stress this subject? What if I can tell you that there is a chance to profit off of the prediction of short-term movements on the account of those high leverage traders? This is the heart and soul of the "stop hunting" approach.

Andrew Keynes is a long time FOREX trader. A husband and father of two, Keynes has proven himself and built his reputation as an expert to the Foreign Exchange market over many years. He has successfully served as financial advisor to several large hedge funds and groups and is nowadays busy pushing his latest effort, www.forexblogs.net, a place on the web where economists from all over the globe congregate and share their trading and investing experiences with each other.

About the Author

Andrew Keynes is a long time FOREX trader. A husband and father of two, Keynes has proven himself and built his reputation as an expert to the Foreign Exchange market over many years. He has successfully served as financial advisor to several large hedge funds and groups and is nowadays busy pushing his latest effort, www.forexblogs.net.

FOREX trading strategy / learn to use the "Stop hunting" technique [Part II] by Andrew W. Keynes

2007-12-29T19:54:00.000-08:00

Lots of new FOREX traders use too much leverage. In the company of high leverage comes the opportunity for huge profits or even more massive loses. When trading with such high risk while using the full margin in your account, you are just as likely to double your funds in a matter of 10 seconds, or to go bankrupt in just 5. These kinds of traders, who stand for most of the FOREX community, do not have the luxury of nurturing a losing trade for the long-term due to their tremendously leveraged positions and so most, of not all of them, use "stops" order / "stop-loss". Stop order, to put briefly, is more or less an indemnification or safety measure which comes in action by giving an order to your broker to buy or sell a certain economic product when its price reaches a particular point. Investors as a rule use this system to curtail loses in any situation where they are not capable of monitoring their portfolio for an extended period. Bearing in mind that fact that most FOREX fresh traders use "stops" order / "stop-loss" give you an opportunity to step in and take advantage of this knowledge.

"Stop hunting" is the FOREX strategy which makes benefit from this information, by trying to push some FOREX investors out of their positions by motivating the price of a currency pair to a level where many high leverage investors chose to lay their stop-loss instructions (those fresh investors and traders notorious among the connoisseur traders as the "weak longs"). The fact is that the human mind logically seeks tidiness, and so most stops are gathered around round numbers ending in "00" (i.e. if the USD/CAD pair was trading at 1.1270 while increasing his value, most stop-orders would be take place in within one or two points of the 1.1300 price point rather than an arbitrary number such as 1.1313). Realizing that fact on its own is valuable information (the price of a currency pair can undergo prickly movements when many stop losses are triggered). It is a proven strategy with many possibilities of making a nice profit from this unique foreign currency market dynamic. One last tip to cut a long story short: think like the pro-traders and rest your stops at less crammed and more atypical locations.

Andrew Keynes is a long time FOREX trader. A husband and father of two, Keynes has proven himself and built his reputation as an expert to the Foreign Exchange market over many years. He has successfully served as financial advisor to several large hedge funds and groups and is nowadays busy pushing his latest effort, www.forexblogs.net, a place on the web where economists from all over the globe congregate and share their trading and investing experiences with each other.

About the Author

Andrew Keynes is a long time FOREX trader. A husband and father of two, Keynes has proven himself and built his reputation as an expert to the Foreign Exchange market over many years. He has successfully served as financial advisor to several large hedge funds and groups and is nowadays busy pushing his latest effort, www.forexblogs.net.

The Very Basics Of The Forex Market

2007-12-29T19:53:00.002-08:00

The forex, or foreign exchange, market is a specialized type of market in which types of currency are exchanged for other types of currency. On average, the daily trade within the forex market is more than $1.9 trillion. As the world’s largest financial market, forex involves trading among central banks, large banks, governments, multinational corporations, large banks, and other institutions and markets of a financial nature. Individuals may also participate in the forex market through banks or brokers, though individuals represent only a small fraction of those trading within the market.

The Levels of Forex

Forex is different from the stock market, which provides the same prices to all participants. With forex, the market is actually divided into various levels. The top level is the inter-bank market that consists of the largest banking firms. The spreads of the inter-market usually are not shared with those outside of this exclusive circle. As the spreads work their way down through the levels, the difference between the ask price and the bid actually widens. This is primarily because those within the inter-bank level are capable of guaranteeing larger numbers of transactions and, as such, can demand a better spread.

The level below the inter-bank market is comprised of the smaller investment banks. The next level is made up by multi-national companies that pay employees in various companies as well as some retail forex market makers and large hedge funds.

Forex Trading Characteristics

Within the forex market, there are a number of different rates, or prices, which depend on what is being traded by the market or bank. In addition, there are a number of recognized trading centers within the forex market, with the main centers being in New York, London, Singapore, and Tokyo. In addition, a number of banks throughout the world participate in forex training. With so many markets located throughout the world, the market is literally open 24 hours per day. As such, traders can make trades immediately when events occur that can impact the market.

Interested in investing in the forex market? Read our Investment Guide first!

Article Source: http://EzineArticles.com/?expert=Gabriel_J._Adams

Do You Need Forex Trading Signals?

2007-12-29T19:53:00.001-08:00

All trading strategies boil down to knowing when to buy and when to sell. These points in time are known as entrance and exit points, respectively. Yes, it sounds simple – buy low and sell high. But it’s not easy and when trading currency it’s even tougher than trading stocks, where company statistics can give you a good starting point.

Forex trading is different. You’re trying to predict how the currency market will change in a certain time frame and then take advantage of the gainers by buying them at their lowest points and selling them when they’ve peaked. The question is, how does currency behave. What factors influence its gains or losses? And how do we measure those factors?

Professional traders study these very questions every day. They may be sitting in front of their monitors nearly every waking hour in order to pull together facts about how the various currencies are acting in relation to each other. They try to determine a relationship between daily events and forex prices. But most investors don’t have this kind of time or dedication. How are they able to make good trades? Simple – they buy the information rather than research it themselves.

Forex brokerage houses have come up a solution for the average or more casual investor. They distribute the results of all that professional research, combined and reported in what they call “signals”, to paying customers. Subscribers learn what factors are present in the market that could mean a change in currency values. This eliminates hours of daily research and allows the more casual investor to have a life outside of trading, yet still get some of the same information the professionals use.

Unfortunately, signals aren’t complimentary. Your broker probably offers signals for a fee. You need to determine your level of involvement in the forex market and whether or not it’s worth it to you to subscribe to a service like this. If you haven’t found your broker yet, this may be a good included service to search out and compare prices for.

Signals bring results.

Those companies that create the signals use technical and statistical analyses, combine them with trend indicators and deliver the results frequently to assure that you get accurate and real time information. The forex market is fast-paced and volatile, so it is up to you to use the signals to set up and execute trades.

Of course, there’s no guarantee. Signals are a useful TOOL, no more. They give an indication of how the market is performing and how it may be trending. But they can and will, be wrong. The goal should be to have enough winners to pay for the losers and have profit left over. Never expect to have no losers, because you will. You can’t let this discourage you, but instead learn from it. Find the signal you missed or the time limit you failed to recognize. Next time you’re in a similar situation, chances are you’ll do better.

Remember, if forex trading signals were perfect indicators, no one would ever fail in the foreign exchange market. Use the tools, but don’t be completely dependent upon them.

Michael Russell Your Independent guide to Forex Trading

Article Source: http://EzineArticles.com/?expert=Michael_Russell

Michael Russell - EzineArticles Expert Author

Basics of Forex Trading

2007-12-29T19:52:00.002-08:00

This article gives an introduction about the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading forex online. Foreign exchange or forex are all terms used to describe the trading of the world's many currencies. The forex market is the largest market in the world, with trades amounting to more than 1.5 trillion dollars every day. The foreign exchange market has no central clearing house or exchange and is considered an over-the-counter (OTC) market. Forex traders are generating incredible wealth day after day from the comfort of their home. Foreign exchange is normally traded on margin. A relatively small deposit can control much larger positions in the market.

Forex trading takes place directly between the two counterparts necessary to make a transaction, whether over the telephone or on electronic brokerage networks all over the world. This is a trade that includes simultaneous buying of one currency and selling of another one. There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies, and governments that buy or sell products and services in a foreign country must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation. The currency combination used in the trade is called a cross (for example, the Euro/US Dollar, or the GB Pound/Japanese Yen.).

The market is called the spot market because trades are settled immediately, or "on the spot". One of the major benefits of trading forex is the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). Unlike stock trading, currency trading on the Forex market is not cut short at the "close" of each day's trading. The benefit of Forex being a 24 hour a day market is that there are little or no gaps in the market, meaning there is no chance that prices will close one day and reopen the next day. The fact that forex is often traded without commissions makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis.

Since the market is always moving, there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. When you trade currencies, they literally work against each other. Different currencies pay different interest rates. The interest rate differential doesn't usually affect trade considerations unless you plan on holding a position with a large differential for a long period of time. This is one of the main driving forces behind foreign exchange trends. You can have both a positive and a negative interest rate differential, so it may work for or against you when you make a trade. It is inherently attractive to be a buyer of a currency that pays a high interest rate while being short a currency that has a low interest rate. Fortunately, there are no daily limits on foreign exchange trading and no restrictions on trading hours other than the weekend. This means that there will nearly always be an opportunity to react to moves in the main currency markets and a low risk of getting caught without the opportunity of getting out.

A forex trading method with a high winning percentage is rewarding psychologically, keeps your morale high and is enjoyable to trade. A string of profits will build your confidence. Losses have to be kept small and wins should be larger than losses. You can make big money working only a few hours a day or week on your computer. You can trade from anywhere in the world where there is an internet connection.

Andrew Daigle is the owner, creator and author of many successful websites including ForexBoost, a free Forex educational site to learn Forex trading strategies and a ForexBoost blog for keeping online Forex trading records.

Article Source: http://EzineArticles.com/?expert=Andrew_Daigle

Developing a Forex Strategy That Wins

2007-12-29T19:52:00.001-08:00

New Forex Trading Software Increases Trading Gains and Efficiency

2007-12-29T19:51:00.003-08:00

There are many forex trading software platforms out there - the choices are as endless as the possibilities in trading itself. One of the latest forex trading software programs, the Forex Position Allotment Calculator, from My Forex Edge, LLC, may make the trader's duties less stressful. The company principals are forex traders who happen to be marketers and software developers. Director Milan Stevanovich says that as a trader, he noticed other traders creating "homegrown" calculators and tracking systems. He established My Forex Edge, LLC with the hopes of creating an efficient platform that included some of the "homegrown" elements of the traders themselves.

The result is a forex position calculator created from traders' real experience - including successes and failures. The two key benefits of the Forex Position Allotment Calculator are its ability to prevent overleveraging and to remove emotion from forex trading. The Calculator gives the trader a snapshot of account dollars, maximum risk, and dollar risk - all at the same time. With this feature, the trader is able to avoid overleveraging and maintain untouched money.

Forex traders know that 90% of losses are caused by an over-emotional involvement in trading. The Forex Position Allotment Calculator introduces what Stevanovich calls a "set it and forget it" design, in which the trader can set buy and sell prices, stop prices, and limits without having to persistently manage trades. There is no manual writing and inputting of risk percentages with this design, either. The "set it and forget it" feature helps take fear and greed out of trading - and gives the trader a better idea of how to trade more efficiently.

Day traders, swing traders, and position traders are using the new Forex Position Allotment Calculator, according to Stevanovich. He also says that traders, on the average, have increased gains by 25% using the new calculator. Stevanovich adds that because of the input system on the Forex Position Allotment Calcuator package, errors are greatly reduced. "Using the Forex Position Allotment Calculator," he says, "can save you ten times the amount of an error." Experienced forex traders know that small mistakes, in addition to emotional trading, can cause large losses.

The Forex Position Allotment Calculator also offers traders something that other systems may not: a lower price. The Calculator package costs only $97 and can be downloaded from the company website (www.myforexedge.net). Stevanovich goes on to say that there are no monthly fees and no renewal fees for users of the Forex Position Allotment Calculator. Forex traders are always on the lookout for software or calculators that will help them master the forex "Holy Grail" - the risk and reward of trading. The new Forex Position Allotment Calculator, according to Stevanovich, allows traders to do just that because they will learn how to be better forex traders, earn greater returns, and maintain a balanced and emotion-free portfolio.

Article Source: http://EzineArticles.com/?expert=Chris_Amisano

Chris Amisano - EzineArticles Expert Author

Forex Technical Analysis And Pattern Recognition

2007-12-29T19:51:00.001-08:00

There are two mainstream approaches most traders take when they trade the forex market. There are in essence two types of traders. The fundamental trader and the Forex technical analysis trader. This latter trader is what this article is about.

While the fundamental trader typically watches the news and takes cues from world events to enter a trade, the technical trader believes, that by the time news breaks and the world hears about it, all the smart money has already made its move and the news is always too late. This would indicate a belief that there are insiders in the Forex market that take advantage of events and their privellaged positions to profit from moving markets. I cannot confirm nor deny this belief and by all means if it was true, it would be a violation of FTC guidelines.

The technical analysis trader believes whether rightly or wrongly, that studying the actual price fluctuations of the market and looking for patterns in the history of that price movement, a "tech" trader can see a move BEFORE events hit the headlines. However, there is an old traders adage, and it is virtually disclaimer on every trading product known to man. It goes...

Past price history does in no way guarantee present and future behavior.

I did not get the wording 100% correct, but it's meaning completely de-legitimizes technical analysis trading. Just about every technical analysis software program and even broking houses will have this type of disclaimer somewhere on their literature. It means, "even through we use price analysis or are selling a product that automatically plots entry and exit signals based on past price behavior, we disclaim that it will actually work at all" In other words, if this system or software or what have you, actually lets you get a winning trade, it is primarily luck and not a result of our system.

This can be very disconcerting to a new trader with stars in their eyes. Luckily, a good system does not have to be perfect. I have heard of a trader that uses a coin as a system. He also does the opposite of what the coin says. Believe it or not, he is right 7 out of 10 times using this odd approach. With that sort of strike rate he is raking in a fortune, but the point is that it works for him.

If you would like to discover a verified list of Million Dollar Corporations offering you their products at 75% commission to you. Click either link to learn HOW you will begin compounding your capital towards your first Million Dollars. click here to learn about the EasyCorporateMoney.com program

How To Make Money With The Internet

Article Source: http://EzineArticles.com/?expert=Jack_Reynolds

Automatic Forex System Trading - Does It Work?

2007-12-29T19:50:00.001-08:00

Automatic Forex system trading is the practice of recognizing a specific pattern in the fluctuations of price between any given currency pair. This type of pattern recognition can be quite effective for many traders if they maintain disciplined money management principles. Specifically, taking a stop loss and getting out of a trade if the system tells you to.

These two principles, are used by many successful traders, not just trading Forex, but in all markets where short term traders seek to profit from price fluctuations utilizing leverage to make the small fluctuations profitable to trade.

Automatic Forex system trading is just half of the equation, however a very important part of it. A robust system can be as simple as a moving average cross over. A system need not be convoluted and complicated to be successful. One that is right 5 out of 10 times can be a very profitable system if your stop loss is small enough and your wins are big enough.

For example, if it tells you to get out at $100 dollar loss and it is right 50% of the time. This means your wins need to be at least $100 to break even. If your average win is $200 or $300 then you obviously have a profitable system.

Many new traders get bogged down in the search for the perfect system, however, there is no holy grail. A 5 out of 10 system can make you ample money. To be right more than 5 times out of 10, this trader believes is pretty much impossible, however, the good news is, you don't have to be perfect to make money, but just good enough.

If you would like to discover a verified list of Million Dollar Corporations offering you their products at 75% commission to you. Click either link to learn HOW you will begin compounding your capital towards your first Million Dollars. click here to learn about the EasyCorporateMoney.com program

How To Make Money With The Internet

Article Source: http://EzineArticles.com/?expert=Martin_Thomas

Beginner's Guide to Forex and Automated Forex Trading

2007-12-29T19:49:00.000-08:00

Forex, or foreign exchange trading, is growing by leaps and bounds. It is becoming as popular (if not more) than the stock market, and Forex traders are discovering small fortunes every day! If you're new to Forex, you might find it to be confusing at first. Use the quick beginner's guide to Forex below to learn more about Forex and automated Forex.

What is Forex?

Forex is the act of trading various currencies from around the world. The Forex market started in the 1970s, but has in recent years caught on like wildfire in the stock market world. Forex trading systems record about USD $1.5 trillion in transactions every single day!

The goal in Forex trading is to make a profit when currency values increase or decrease within a currency pair. You will trade only when you expect the value of a currency to increase. In a currency pair, when the currency you bought increases, then you must sell the other currency to make a profit. An open trade, or open position, is a type of trade in which you have already purchased or sold a currency pair, but have not yet bought back an equivalent amount.

The five most significant currency pairs in Forex right now are USD/Yen, Euro/Yen, Pound/USD, Swiss franc/USD, and the Euro/USD.

To get started in Forex trading, you will create a Forex account through a Forex broker. Then, you will need to create a Forex trading strategy that works best for you. The strategy you choose should be tested using a practice account if possible before you start investing your real money. This will enable you to become familiar with Forex trading without risk.

Advantages and Disadvantages of Forex Trading

Forex trading offers a number of advantages. It offers more chances to make short-term profits than the stock market because money moves faster in Forex. The trading opens and closes within only a few seconds, so money can be made quickly. Also, Forex trading is easier to monitor than the stock market because you are only keeping up with currencies, not hundreds or thousands of companies.

There are a few disadvantages as well. Forex trading is risky as is the stock market. Because trading occurs so frequently, Forex trading requires constant monitoring throughout the day to enjoy maximum benefits. Those who don't have time to monitor their Forex trading might lose more than they gain.

Automated Forex

With a new Forex trading system called automated Forex, you can enjoy the benefits of Forex without continual monitoring. Automated Forex is accomplished through trading software. The software monitors the Forex market for you by receiving Forex signals from trading systems and by using daily charts to analyze trends in Forex 24/7. The creation of automated Forex was based on a manual technique that has been used successfully by trading experts for years.

Automated Forex software is available from a number of companies online and offers you the advantage of around-the-clock trading. With these easy day trade signals, your automated Forex software will be able to trade for you while you're away and while you're sleeping. You never have to do the trading yourself, and you don't have to worry about it constantly when you're away. It's like having an expert advisor system in your own home or office PC.

Forex trading can be lucrative for you if you study the system and find a great strategy. Use online resources and helpful automated Forex tools to get started right away!

Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web. Learn more about Beginner's Guide to Forex or Majon's FinancingInvesting directory.

Article Source: http://EzineArticles.com/?expert=Chris_Robertson

Choose Automated Forex Software that Fits Your Trading Needed

2007-12-29T19:48:00.002-08:00

Forex trading offers a great opportunity for you to earn a part-time or full-time income. If you are thinking of becoming a Forex trader, you'll be happy to know there are automated Forex software programs that can do the trading and monitoring for you.

Automated Forex will save you time and money because the software will make wise trading decisions for you based on certain algorithms that are pre-programmed into the software. The software will receive Forex signals from trading systems that will determine when trades should be made. Automated Forex works while you're away and while you're sleeping so you never have to worry about what is happening with your Forex investment.

Choosing automated Forex software can be a difficult task because there are so many choices. Here are some things to look for in a Forex trading software program.

Two Types of Automated Forex Trading Systems

There are two types of automated Forex systems to choose from - Internet-based or desktop-based software. With Internet versions, you can check your Forex account from any computer in any location. Also, you won't have to worry about maintenance issues. And, there's no software to download to your computer. The main disadvantage to using Internet-based systems is you're at the mercy of your Internet connection speed. If you have a slow connection, the system will not work well.

The other type of automated Forex trading system is desktop-based software, which must be downloaded to your computer.

Trading Platform Coverage and Multicurrency

Check to be sure your software will cover the brokerage and trading activities you need. This ensures you'll be able to do all the trading you need through only one system. Also, be sure the system covers multiple currencies so that any currency can serve as the general currency.

Safe and Reliable

Your automated Forex trading system should have ample backup systems and be reliable in operation. You should be able to depend on the system to be up and running without event each day and to make trades 24 hours a day, 7 days a week.

Safety is another major issue. An Internet-based system should be encrypted to protect your data during each transaction and it should also guard your trading data and personal information within the software's memory at all times. Also check to be sure your software and PC are properly guarded against viruses.

Customization for Personal Forex Trading Strategy

The automated Forex system should be customizable so you can set it up to fit your Forex strategy. The purpose of an automated system is to customize the way you want it so the software will trade for you using your own strategy, even when you're not around.

Other features to look for include multilingual support, integration with your existing Web applications, and subadministration, which enables many brokers on one server.

With easy day trade signals, 24/7 monitoring and trading, and a built-in strategy, your automated Forex software will greatly increase your chances for success. You'll have an expert advisor system on your own computer at all times! Go online to find the Forex trading system that's right for you.

Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web. Learn more about Choosing Automated Forex Software or Majon's FinancingInvesting directory.

Article Source: http://EzineArticles.com/?expert=Chris_Robertson

5EMAs Forex System Review - What Is The 5EMAs Forex System All About?

2007-12-29T19:48:00.001-08:00

5EMAs Forex System is a well known and appreciated trading system, used by many traders on the forex market and by now, it has proven to be successful, the author, Adam Burgony developed 5EMAs Forex System after experimenting with a number of trading methods, to com up with a system that is generating profits and is easy to follow for an average forex trader.

In general, the 5EMAs Forex System method is that you trade against pull backs of a main trend or a regression. This system is based on two key parts. The first one is the entry logic, the second is the three exit strategies

This system teach you how, when curtain conditions are met, enter the market against the main trend. From doing that you will not join the trend but instead get in at better entry points.

You can trade and make profit no matter what the intensity or duration of the move is because the entry logic technique is combined with the exit strategies. There are number of exit strategies to match your style of trading and they are backed up with money management techniques

To help you get started quickly, 5EMAs Forex System has been released with screen shots. In the E-book there is all the material for beginners needed about the forex market operation, brokers, pips and more. 5EMAs Forex System comes with useful bonuses.

The traderBO Divergence System - another trading system that can be used to make profit in the forex market.

Expert Advisor - it will alert you whenever it identify the criteria for an entry. By setting the timer you can get alerts before a potential trade is possible.

Did you find this 5EMAs Forex System Review to be useful? You can read more details about 5EMAs Forex System at the following link: 5EMAs Forex System Review

Article Source: http://EzineArticles.com/?expert=Daniel_Jonson

Is there an Automated Forex Trading System Holy Grail? by Brad Frank

2007-12-29T19:47:00.001-08:00

Are you interested in finding that perfect automated forex trading system that will do all of the work for you while you make big money? Some might even call this the Holy Grail. Guess what, there is no such thing.

Once you've traded forex for awhile you will start to have these revelations and begin so see how silly or naïve you were when you first started trading. One of the things I came to realize is there is no perfect technical trading system out there. As a result, there is not a perfect automated strategy that can just run as a "set and forget" system forever without ever being updated or tweaked. If someone knows of one that has run for over 2 years with good profit and little drawdown, please let me know.

With that being said, there are some good Expert Advisor (EA) programs and automated trading systems out there. The problem is that most of the profitable ones will force you to sit through large periods of drawdown. As a possible solution to this, I have decided to use several automated trading systems with very low leverage to supplement my live trading. The secret is to find out the maximum open and closed drawdown of the system and then account for that when you chose your lot sizes.

For example, in my Kiss Futures trading system, I expect to see a maximum open drawdown of 200-250 pips. If I don't mind risking 25% of my $1,000 account trading this strategy, then I would place each trade with a pip value of $1. At the worst possible time I would be down 25% of my account as planed. As you can tell, Money Management plays an import role when choosing an automated trading system.

The two most important factors when choosing an automated system are:
1. Consistency
2. Drawdown

Have you ever visited some of the EA championships where different people compete to see who has the best automated system? The first thing that I always notice is that the winner for one month is usually not even listed in the top 5 for the next month. The reason for this is that most of these EAs are not consistent. Sure they can make you 500 pips in one month, but, you have to be willing to sit through drawdown periods of over 1,000 pips. I would much rather have an EA that slowly made me 50-100 pips per month with little drawdown. Slow and steady wins this race.

About the Author

Get a free Metatrader Expert Advisor to trade our new automated forex trading system that averages 158 pips per month, it's simple, safe and consistent. http://www.kissfutures.com/

Get Rich Now - Automated FOREX Trade Systems You Can Afford by Joe Light

2007-12-29T19:46:00.002-08:00

Trade on FOREX market is one of the most profitable kinds of business. Source is a price fluctuations of exchange rates serve.

But trading on the FOREX market traditionally required, besides deep economical knowledge, constant observation to the market and immediate response to the current market conditions. Or expensive automated trading systems which only the large companies could afford.

Well, no more! Here are some affordable automated FOREX trading utilities which will set you on the track of your personal wealth. The smart way!

GoldNStream
Mid-term - because it works not inside of the day, and it will be very possible that it will do only 100 trades for the whole year, but ... It will define the Trend so precisely that you should not regret for missed time ! Contains the most complex mathematics at the moment of its development. It is not intraday or scalping, unlike some others our EAs. It is intended for those, who cannot be-in-the-market all of time, but wishes to receive the maximum of profit on intermediate term movement - during a minimum of several days. Testing on M30 gives us pretty results. Yes. But despite of it, also as well as for our other products, we advise you - independently, by testing (back & life) to pick up an optimum parameters for your purposes ! And we shall repeat once again : You may detect YOUR optimal extern values, not default ones, and get more ... because Forex - very changeable subject, which demand a lot of experiments. So, more experiments - more profit.

AutoMoney4_ind
As a AutoMoney3_ind.ex4, it use an external indicator. But, those indicator calculates and shows group behaviour of main currency pairs. Indicator calculate a lot of bars ago and other standart MT4 indicators, so it shows trend changes very well too. Expert advisor has the expanded opportunities of the control over the open positions (shift of stops at a repeated signal on opening of the same position, preschedule closing before the open positions). By pressing the button Start (on shortcut Testing) it begins process of training and testing of the system, consisting of several stages (preliminary adjustment, training and testing), and after each stage it is necessary to press the button Start. Upon termination of training and testing the program is ready to game on the real account. It is recommended to test system on various currency pairs and time scales for a choice of an optimum case.

WalkByTrend
Positions are opening only in a direction of a trend, during the best moments - in a moment of local price return from a trend line. When you will put this EA on real account, you may change testLot variable to "true" value, and it will work only with minimal 0.10 lot. This shows you how it will work with normal lot size without any risk. By pressing the button Start (on shortcut Testing) it begins process of training and testing of the system, consisting of several stages (preliminary adjustment, training and testing), and after each stage it is necessary to press the button Start. Upon termination of training and testing the program is ready to game on the real account. It is recommended to test system on various currency pairs and time scales for a choice of an optimum case.

EuroX2
X2 - because sometimes it makes 100% profit per month. This is SCALPING system (a lot of trades) with very high potential. Secret is that ... it chooses the best moments when the set of standard indicators is built in the best mutual SUPERPOSITION for opening the order. It is optimized for work on Euro vs USD - we have spent many hours for calculate of weight shares of indications of the various indicators, showing behaviour of Euro by the best way (though you can try to use it on other pairs, we do not recommend that). Best timeframe - H4. H4 & scalping ? Yes ! It see market on "big bars". Original money management - on local returns, it trades to the same direction that the 1st position was opened (up to 4 positions a total) ... and close all of them when N common profit pips catched. You may detect YOUR optimal extern values, not default ones, and get more ... much more ! Picture on site shows that result may be very pretty. Default values are moderate.

About the Author

Find out other of Joe Light's favorite business software here.

Forex Revolution at Interbank FX by Dr Glen Brown

2007-12-29T19:46:00.001-08:00

"Every day, more than $1.5 trillion in currency trades are executed. That dwarfs the daily volume of the NYSE, NASDAQ, FTSE, DAX, and Tokyo Nikkei--combined! Today's growing currency volatility has made Forex the place to earn huge profits.

Think Forex is just for secretive financiers and central bankers? Not any more"

You can start a Home Business trading Forex as long as you get proper training

Foreign Exchange(Forex) Trading is when you buy a particular currency from someone, for instance the British Pound (GBP). In order to buy this currency, you must sell them something in exchange, for instance you will pay for it with US Dollars (USD).

If you travel from the US to England you will need the local currency to pay for transportation, food, and so on. So when you get to the airport you go to the foreign exchange counter and give them your US Dollars and they give you the equivalent in British Pounds.

In this example, you sold the USD and bought the GBP while the foreign exchange counter bought the USD and sold the GBP. The prices at which you buy and sell currencies at are known as the exchange rate. This rate or price fluctuates based on demand, political, and economic events surrounding each country.

This example illustrated how the Foreign Exchange market is used by world travelers, however, the market is also utilized by each country's central bank (i.e., America's Federal Reserve), investment and commercial banks, fund management firms (mutual funds and hedge funds), major corporations, and individual investors or speculators.

Utilization by so many parties is why the Foreign Exchange market is the world's largest financial market, with a daily dollar volume exceeding $1.9 trillion ($1,900,000,000,000). This mind boggling volume is probably what led you to this site in the first place. Now let's put the market's trading volume in perspective. Did you know that in all of 2003 the reported trading volume for the NYSE (New York Stock Exchange) was a mere $9.6 trillion and topped out at $10.2 trillion for all of 2002? This is probably why so many fund managers and Fortune 500 companies invest heavily in this highly liquid market.

Unlike other financial markets, the foreign exchange market operates 24 hours a day, 5.5 days a week (6:00 PM EST on Sunday until 4:00 PM on Friday EST) through an electronic network of banks, corporations and individual traders. Forex trading begins every day in Sydney, moves to Tokyo, followed by Europe and finally the Americas.

It is important to note that retail traders, such as yourself, will be accessing the Forex Exchange market via an FCM or broker. You will not be trading in the actual Interbank market itself. Your access to the total market will be determined by your chosen brokers limitations.

Interbank FX offers 24 hour trading in all majors and crosses. Automated trailing stops, full hedging, wireless trading and professional charts. Automate trading strategies and back test their results. 200 - 1 leverage on Mini accounts. Sophisticated Money Manager software: trade 2-100 accounts with 1 click. White Label and Introducing Broker program.

Interbank FX, LLC, a registered Futures Commission Merchant (FCM), regulated by the Commodity Futures Trading Commission (CFTC). Interbank FX is also a member of the NFA (ID #0326091 NFA web site ). As an FCM and NFA member, Interbank FX must comply with the strictest of accounting and control standards, which include weekly and monthly reporting requirements. Interbank FX must also submit to annual audits from independent accounting firms.

Low Pip Spread

Interbank offers dealing spreads of 2 to 4 pips on the major currency pairs in normal market conditions. Because our spreads are not fixed they will fluctuate with market volatility.

No Dealing Desk

While other companies may act as Market Makers, essentially trading within their customer base, our platform allows our customers to trade in the Interbank market with no market manipulation. Our electronic access to the Interbank market also means there is no dealing desk at Interbank FX. Your trades are typically executed within one second and go directly to our banks. All of your trades with Interbank FX are completely transparent and anonymous.

Professional Charting

Our professional charting software, Interbank FX Trader, is free for all of our customers. It allows you to add multiple charts and multiple time frames to your trading terminal.

Real-time Streaming News

Interbank FX Trader also features free real-time streaming news.

Automated Trailing Stops

Apply our Automated Trailing Stop feature and watch your stop loss move and adjust in real time.

Automated Trading Programs

Interbank FX Trader comes with dozens of custom indicators and automated trading Expert Advisors already installed. We also have an ever growing library here on our website. Ability to Hedge

Our customers are given the ability to hedge. They can take the opposite side of any of their trades. Hedging is often used to control risk and to eliminate market exposure without realizing a loss.

Liquidity

Due to our unique approach to foreign exchange trading, our customer have access to direct execution off a streaming quote feed. That allows them access to real liquidity and the ability to trade from 100,000 to 10,000,000 of the base currency with a simple click of the mouse or automatically with an Expert Advisor.

Prolific Investments is an authorized Introducing Broker for Interbank FX offers free Forex Training Course for clients worldwide. In order to access the free training materials client need to complete two steps:

Step 1: Sign up for a free Demo trading Account at http://interbankfx.prolificinvestment.com

Step 2: Sign up for a free Live trading Account at http://interbankfx.prolificinvestment.com

Step 3: Send an email to interbankfx@prolificinvestment.com with your account information

About the Author

Dr. Glen Brown, resides in Kingston, Jamaica. Dr. Brown is the Co-founder and Managing Director of International Business College (IBC). He is the CEO of Prolific Investments and Prolific Publishers and also a partner at Dawgen Management Consultants a member firm of JHI. He written several books on Investments and Accounting. Dr. Glen Brown holds a Ph.D. in Finance and Accounting, from Rushmore University

Expert Advisors: For And Against Automating Your Trading System by GiselleS

2007-12-29T19:45:00.000-08:00

An expert advisor is a piece of software which works as a plug-in for your trading platform. The purpose of an expert advisor is to automate your own (or someone else's) trading system.

An expert advisor works by monitoring any market for you 24 hours a day, looking to place trades for you once it sees that certain parameters (based on your own, or someone else trading strategy) have been met.

To build your own expert advisor, you need to have a working knowledge of the MetaQuotes Language 4 (MQL4) which is the built-in language for programming trading strategies. There are companies which will (for a fee) automate your trading strategy and build an expert advisor for you based on your own settings. There are also companies which will sell you their own expert advisors.

Most forex expert advisors are developed for the Metatrader trading platform. Developed by Russian programmers, Metatrader had become the standard trading platform for many professional traders and forex brokers.

Once you have built your own expert advisor (usually a file ending in .EX4) or purchased someone else's, the process of setting it up with Metatrader 4 is quite simple. It is just a matter of opening and installing the file into your MT4 platform.

ADVANTAGES OF EXPERT ADVISORS:

The main advantages of trading with an expert advisor are:

1. The expert advisor has a plan. It sticks to this plan and the settings you have developed into it no matter how uncertain the market looks or how you may feel about the market at a particular point of time.

2. The expert advisor is consistent. It can eliminate the negative human aspects of trading which include fear, greed and inconsistency in trading.

3. The expert advisor frees you up from physically having to watch and analyse the charts to find a signal to enter/exit trades. It does this automatically for you so you don't have to sit in front of your computer all day.

4. Freeing you up from watching charts for entry and exit signals also has the added benefit of giving you more time to spend on actually developing your trading strategies, doing back tests and more and more tests.

5. Finally, the expert advisor (or forex robot) can monitor many markets at once, giving you access to many more trading opportunities than you can physically find and analyse by yourself.

DISADVANTAGES OF EXPERT ADVISORS:

1. The robot (expert advisor) does not and will never have the feel for the human and the soft non-programmable issues. The trader must always look at the bigger picture, the fundamentals as well as the hundreds of other important issues which affect the ebb and flow of the forex market.

2. Many traders also choose to use expert advisors for the wrong reason. They believe that simply by trading with a robot they will automatically have better results or be better traders. Essentially, all an expert advisor will help you with is with trading consistency. It will just free up your time to focus on developing and testing your trading strategies instead of physically having to look for and execute trading opportunities.

About the Author

Giselle Sanchez - Independent Forex Trader.

Learn more about building your own expert advisors, how to set up an expert advisor with Metatrader 4 and choose from over 40 of the best forex expert advisors.