Sunday, August 9, 2009
Wednesday, July 1, 2009
How to Trade FX - Can Someone Teach Me Forex Trading?
If your wondering how to trade Forex and your just starting out you may be interested to know that there is a new automated software package on the market that does exactly this:
It routes out and detects profit from ever changing complex currency markets and then completes trades on auto pilot if you like.
If you want to learn forex online trading and want to know how to trade FX Market then doing automated trading is one way.
You will need to fix each trade with a stop loss and trading profit with every order placed and then the system will then lock in the profit and revert to a trailing stop for maximum return.
Signals work with intraday trading so you will receive 30 minute up to day trading.
Do I need capital to start trading?
This will depend on the broker you use. The usual nominal amount is $500. Just remember that with automated trading you can play for free so to speak with fake money so you can teach yourself forex currency trading and how to trade FX by picking winners before you dive in the deep end.
If you have a current metatrader account you can mesh the automated version by importing the tracing software package and then drag/drop it into your metatrader account. From there you can start playing with your automated trading kit in real time or in practice session.
Video tutorials are mostly always available with automated Forex Trading Software and these will teach you how to trade FX starting out from a trading novice level.
You can put this system to the test on a demo account first. You can do that here at http://www.forextracertrading.com which allows you to trade with play money, you won't be risking a penny! After you are convinced, you can then open your real account and collect your $100 and start your automated trading ASAP. Article Source: http://EzineArticles.com/?expert=Rob_R_Carmichael |
Wednesday, May 20, 2009
The Forex Market
Source: www.info-forex.comFor the last three decades Foreign Exchange market, - briefly Forex or FX, had integrated into the world's biggest financial market. The volume of daily transactions is about 1-3 trillion of US dollars. The trading instruments on this market are the currencies of different countries, so the fluctuation of currency's rates allows to gain a real profit.
Presently Forex market is a global telecommunication network of banks and different financial organizations. It does not have any fixed trading place and time restrictions - the trade starts on Monday morning in New Zealand and closes on Friday evening in USA
The advantages of Forex market are:
Round-the-clock trading access: the ability to trade for 24 hours a day;
Liquidity: the market works with a huge money and gives the customers complete freedom to open or close their position of different volume;
Leverage: an ability to use leverage. It decreases requirements to the sum of the initial deposit (margin trade). So in case you deposit 10 000 USD into your account you'd have an opportunity to work with 1 000 000 USD (leverage 1:100);
Objectivity: no exterior regulated structures, so the currency's rate is establishing in accordance with current supply and demand on the market;
Globality: everyone can become a market participant irrespective to the living place, as trading requires only your skills and Internet access.
At present mostly all the operations on the market are conducting only to obtain profit. With the development of Internet and other means of communication this sector of the financial markets becomes more accessible and attractive for the investors of different levels.
Saturday, May 2, 2009
The Forex Macro Scam - Forex Trade Review
Over 3 Trillion Dollars is traded daily over the counter on the Forex currency market and it's no wonder that there are over 400 online trading systems to help people at home trade this market. Unfortunately only a handful come with "TEETH".
The Forex Macro has been labeled a scam by a number of individuals on the Forex forums for a number of reasons.
One: There communication has been reported as non-existent. To gain some insight into there trading platform a number of people reported posting emails to them regarding their interest in this program requesting who their brokers were and the nature of their accounts. Unfortunately reply's were scarce.
Two: There site is listed on Talkgold.com. This is the Mecca of affiliate advertising, a HYIP site or - Ponzi scheme - as they're known. Not that this puts them in any bad light as such as many products market their system through affiliates but it suggests they are happy to accept many non-professional advertisers to offer credit to their program - albeit makeshift.
Three: And this is where the Forex Macro has really been labeled as a scam, is it's marketing campaign which purports automatic scalping with no knowledge at all.
Many first time traders have become disillusioned with this as there initial investment of say $50 has been swallowed up in a matter of seconds due to the margins they set up.
It takes seasoned traders at least a couple of years to become accustomed to certain currency pairs and even then nothing is written in stone. Inputting your margins is one of the most skilled parts of Forex trading and without this knowledge you will simply be throwing money away.
That's why, as stated above there are just a handful of "Decent" Trading platform's which offer you
- Expert Metatraders with over 10 years experience to input these margins for you.
- They also offer you the tools to observe the most popular trades, the most successful currency pairs being traded and calculate full proof profit scenarios.
- Only when you have these strategies in place should you then start using your own complex algorithm software which will then trade automatically for you.
To label Forex Macro as a scam maybe a little too harsh but I would say all the warning signs are there.
Fortunately EasyForex is exactly this tool. They provide YOU with a team of your own personal MT4 Expert Advisors and an automated computerized trading system with a host of tools no other Forex automated software package will match. Period. Article Source: http://EzineArticles.com/?expert=Rob_R_Carmichael |
Honest Forex Maestro Review
With every forex software launch there is a whole bunch of reviews who hype the product up even though they actually haven't used it. It's true, most of the reviews of Forex Maestro online have been written by people who haven't even tested the product thoroughly. My review is completely different, we got our hands on this software really early and have had plenty of time to run it through the wronger and what follows is our 100% honest review.
Firstly...
What is Forex Maestro?
Forex Maestro is the newest in the line of new forex trading robots. It is designed to function with the popular MetaTrader4 platform. It quite literally plugs into the platform and runs on 100% autopilot. All you have to do is make sure its doing ti job at the end of the week. The main benefit here is of course more free time. While Forex Maestro isn't the first, but is it the best...
Does Forex Maestro Work?
In their sales page they make it look very impressive, huge gains and almost zero losses are mentioned. Are these truly accurate results? As we stated above we had an opportunity to play with this software and the results were quite good. We weren't lucky enough to see such big gains as on the sales page they were certainly good enough to warrant keep using it. I feel it made the purchase well worth it.
Forex Maestro Pros and Cons
Almost all of the Forex Maestro reviews on the net outline the benefits but none of the problems. For me, the main con is also the main pro (stay with me). That is, the automatically functionality of it. This is a positive because you don't really have to look at the software as it will do all the work for you. However this can also be a hindrance because some people dont feel comfortable leaving that much up to software. Personally I like to keep an eye on my trades, by all means use the system to benefit your own trading strategies, but I wouldn't go on a 3 month holiday and leave it running.
Final Verdict
After extensive testing (unlike many other reviewers) we can definitely recommend the service. If you want to know our specific results and see more unbiased customer options just visit the full Forex Mastro Review. Read our final verdict and even more unbiased Forex Maestro reviews, all you have to do is click here. Article Source: http://EzineArticles.com/?expert=David_McGowan |
Forex Trading Success - 95% of All Traders Lose How You Can Make Profits
Not many traders achieve Forex trading success and the number is just 5% so can you enter this elite small number of winning traders? Yes you can if you understand a few key points which are contained in this article.
The first key point is obvious and that's Forex trading is not easy and you wouldn't expect it to be with the rewards on offer. Most traders enter Forex trading thinking they can follow some sure fire trading system and get success with no effort. The cheap Forex Robot and Expert Advisors offer this and they all lose money.
You don't get a regular income for life for shelling out a few hundred dollars and that's a fact. All the track records presented, are never backed up by independent verification of results.
If you want to make money at Forex trading and win you need to get a good Forex education and learn skills. Anyone can learn Forex trading, it's a specifically learned skill but you need to put in some effort
but if you do the rewards are enormous.
Another great thing about Forex trading is you don't need to have a college education it's easy to get a
Forex trading strategy that works because simple trading systems work best and always will.
You can have a good method but the one key point you need to appreciate in terms of turning this into Forex trading success is you need to apply it with discipline and discipline is a trait most traders simply cannot acquire - Why?
Discipline is needed to trade through periods of losses (all traders have them, even the best and they can last for weeks) and it's in these periods, that you must keep losses small and keep trading your signals, as per your trading method.
It sounds easy but when you face a market that gives you losses and makes you look stupid, it's hard. Most traders get angry and frustrated and let their emotions get involved and lose. Discipline is the hardest part of Forex trading but you can achieve it if you have confidence and understand that losing in the short term is the route to Forex trading success.
You can learn Forex trading in just a few weeks and soon be making profits in around 30 minutes a day, treat the market with respect and understand you have to lose in the short term to win in the long term and you could be on the road to a great second or even life changing income.
NEW! 2 X FREE ESSENTIAL TRADER PDFS For free 2 x trading Pdf's, with 50 of pages of essential Forex info and more advice on Learn Forex Trading visit our website at:http://www.learncurrencytradingonline.com Article Source: http://EzineArticles.com/?expert=Kelly_Price |
FAP Turbo Review - Some Technical Details About the FAP Turbo
About this Review:
After roughly two months using the FAP Turbo, I considered important to share in this review not only details about the performance I have experienced so far, but also some technical information that might tell you a bit more about this forex software.
A look at the FAP Turbo Claims:
The creators of the FAP Turbo launched the product with a basic claim consisting of three different real money accounts that basically tripled their equity over a three month period.
They focused on showing live statements of these accounts, instead of throwing bold claims about people becoming instant millionaires with FAP Turbo. This approach makes this software stand out from the crowd, and was one of the reasons I had better expectations about the FAP Turbo when I first got it.
What is in the box?
* You will get the FAP Turbo which is small file that will work as an expert advisor in a Metatrader4 trading platform. Within this file you will find what some consider a refined version of the FAPS which trades only in EUR/USD and scalper that trades on several currency pairs.
* The FAP Turbo manual.
* Access to the FAP Turbo members forum.
* Monthly updates of the software, which are critical for you to have.
About the FAP Turbo creators:
Although I cannot 100% confirm this, the word is that Ulrich is an open source programmer, Mike is a some sort of complex number wizard, and Steve Carletti is the lead developer of the FAP Turbo, and some say that this software is based on the FAPS source code from which it was enhanced and rebuilt to be more adaptive and also to trade on multiple currency pairs through what is called the FAP Turbo Scalper.
FAP Turbo Support:
The FAP Turbo provides a phone number and an email address. As for the phone number, do not even bother, as you will get an answering machine that cannot take more messages. With regards to the email, be prepared to wait a few days for an answer (at least that was the case at the launch phase, maybe it has changed).
Your best bet for quick and effective support is the FAP turbo support forum, which is very active and you will often see the developers stepping in answering questions and helping with any issue.
FAP Turbo dynamics:
The internal logic behind the system is proprietary, so an inside look on how the FAP Turbo works is basically impossible.
However, let us have a look at what I think is the most innovative and interesting part of the FAP Turbo: the Scalper.
* The FAP Turbo scalper trades only on EUR/GBP, EUR/CHF, GBP/CHF and USD/CAD on a 15 minute chart (this cannot be changed).
* The scalper will usually attempt about 6 trades per day (depending on the market conditions it may trade just once). The profit range used by the software is around 6 to 15 pips.
* It will usually enter the market from the close of the New York session going into the Asian session, opening trades in the direction of the trend, which basically means it follows a known patter of the forex market.
* The stop loss parameter ranges from 50 to 100 and it is presumably determined by the FAP Turbo scalper depending on the currency pair used and recent price movements. Also, there seems to be some sort of time limit for closing trades.
* The FAP Turbo has a "stealth" feature that I first saw in the Forex Autocash robot, which is the ability to hide the read stop loss and take profit from the broker, to avoid price tampering and adjustments by some unscrupulous brokers that are believed to engage in this practice.
FAP Turbo Performance
The FAP Turbo is probably the first EA to publish real money statements in its website, and the performance displayed in those statements closely resembles that of other statements published by some users around the web.
Among friends and family I have my brother who has traded a $5,000 up to $19,758 in two months, but a friend of mine who recently purchased the FAP Turbo traded a $1,000 account up to $1,230 in one week and over the last three weeks he is back to $1,097. My personal account so far has taken me from $500 up to 1,954. The results vary depending on the settings you use, that is why it is very important to test the FAP Turbo on a demo account first, so you can adjust your risk parameters according to your own preferences. This will have an impact on the growth of your account, so make sure your read the pdf manual.
January was a particularly rough month for those trading with the FAP Turbo, because although it did not end up with an overall loss for the month, its performance slowed down considerably compared to the previous months. In February the software seems back on track but we will have to see how it ends by the end of the month.
Despite the January setback, the FAP Turbo remains the most reliable and profitable EA I have owned or reviewed, so if you are thinking about using an automated trading tool I think this is the one to look at.
For additional information about this forex software I recommend you to visit this FAP Turbo Review at:http://www.specialonlinebusinessreviewauthority.com Article Source: http://EzineArticles.com/?expert=Alex_Cadens |
