Category Archives: Forex and Trading

Forex Trading System Robots. 3 Things to keep in mind when you’re about to choose.

Forex Trading System Robots. 3 Things to keep in mind when you’re about to choose.

Right now, thousands of people all over the world are using robots to trade their money, and we’re seeing an increasing number of forex trading robots entering the market. Some of them have been around for quite a while, and a few of them are actually pretty good, but most of them are not. This article will teach you 3 things you should keep in mind when you’re deciding which forex trading system to go for.

1. What do YOU have to do?

When choosing which robot to aim for, it is essential to decide whether you want a fully automated system, or a system based on tips, but yourself in charge. There are systems that will tell you as little as two simple words: “Buy” or “Sell”, and that is advice based on analyzis made by pro’s. The decision to sell or buy at that time is yours only. A fully automated forex trading system will trade your money without any influence by anyone.

2. How flexibel does your forex system need to be?

I would say, very flexible. I have tried robots that works on only one single currency pair, and with bad results. I would like my robot to be able to run several pairs at one time. This ability gives your control over your investment, and makes it possible for you to tweak the settings for maximum profits. The basic settings made by the creators is working good and is stable, but profits are not maximized. Here is a great for the system I use myself.

3. Does it support “demo mode”?

This is important. Because I would never try and run a system without having the ability to run in demo. No one likes to throw their hard earned cash on a system without knowing the shots. The system I currently use myself performs very well from the first day, but I had to try it demo first to get comfortable with it, and then I switched to real account. The results were very good, but not good enough. After reading the guide mentioned above I quickly adjusted my current settings, and the profits trippled overnight. That is why it is important to have the ability to trade in demo, so you can play around with the settings and get the feel of things first.

Forex trading systems is nothing new. But most of them are rubbish. Our website recommends the system we use ourselves, and with good reason: It makes us money! Learn more about this brand new , and start making hourly profitable trades yourself.

Forex Trading Robots – The Shocking Truth

Forex Trading Robots – The Shocking Truth

Forex trading robots are an automatic way of seeking profit potential from global forex markets and the logic is you simply follow the rules and have a disciplined system for profit – that’s the theory but the truth is…

Very few will make you money and the reason is they have never made any “real money” just paper profits in hindsight. You will almost always see this and it makes the track record to present worthless:

“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”.

Will a track record with this on it help you make money? I doubt it.

Don’t fall for the hype check the facts and if you see the above ask yourself why you should trust a made up track record? We would all be rich if we knew the future and tomorrows price now but that’s not life.

Today, most novice traders are looking to take short cuts or think a guru mentor or robot can give them success but the reality is ( as with any venture where there is a lot of money to be made ) you need to do your homework and get the right forex education.

There are good automated forex trading systems out there with REAL track records but you need to keep one more point in mind, if you want to enjoy currency trading success.

Keep this equation in mind:

Forex Trading method + Disciplined Application of = Forex trading Success

When you have a good trading system, you still have to apply it with discipline and keep in mind, if you don’t have the discipline to apply it, you don’t have a system – it’s as simple as that.

So if you find one with a real track record you like make sure that you know how and why it works, so you have confidence in it when it hits a losing period and don’t let anyone tell you otherwise even the best system draw down for weeks or months at a time.

Forex Robots can make money and the above information will put you on the right track in finding one.

Price Action Trading Using The Atlas Line

Price Action Trading Using The Atlas Line

The answer has been staring you in the face but youve been so overwhelmed with the indicators around it that youve havent taken the effort to understand the heart of the matter. Traders have made their trading strategy so over-complex that they have lost sight of the simple core aspect for trading, that is the market price and its behavior. Price Action trading lies in the simplistic and clear understand of the market analysis.

DayTradeToWin has been a forefront for educating traders, specifically on how to improve your results by using price action trading. Price action trading has been the primary catalyst for successful traders using John Paul’s trading methods. With the popular At the Open course and Price Action Scalping course, it’s no wonder the Atlas Line indicator has outperformed traditional indicators that simply lag behind.

The Atlas Line method provides multiple automated signals that serve day traders as a consistent tool for precise market direction. Unlike other price action trading methods, the Atlas Line was created for institutional traders. A unique and significant quality of the Atlas Line is that it can be applied to all markets, including: the E-Mini S&P, Euro Currencies, British Pound, Canadian Dollar, Australian Dollar, Dow Jones, Russell, T-Notes, T-Bonds, Forex and much more. This robust filtering method can be used as standalone or used in conjunction with other trading methods for entry confirmation.

Essentially, the Atlas Line plots an angled line across your trading chart, and provides trading consistency in its use. Scalpers especially love this tool. Very few software-based trading methods have stood the test of time with the results to prove it.
The proprietary Atlas Line method is available for NinjaTrader versions 6.5 and 7, Tradestation and eSignal.

All purchases include an educational private webinar with John Paul for guidance on configuration and implementation of the Atlas Line. This training is a benefit to all purchasers of the Atlas Line because traders learn, understand, and interact with the softwares creator, John Paul.

Traders get an edge with the Atlas Line by indicating a markets trend early in the morning and making profitable trades based on this information.

For more information, contact DayTradeToWin by email at or by phone at 888-607-0008.

Know forex strategies and get better knowledge of the market cycles

Know forex strategies and get better knowledge of the market cycles

Know forex strategies and get better knowledge of the market cycles What are these strategies required? Forex simply means the trade of currencies. There are many currencies in the world which fluctuate in their value daily, hourly etc. So people try to make some profit from these fluctuations, since you can buy and sell any currency. But there a risk involved in this trade. You can never be sure which side a currency will move. And hence the term strategy comes into picture. You will have to use some kind of plan of action so as to be safeguard from the never stopping fluctuations. There is still no strategy available that can give you a 100% surety about the fluctuation of the market. But you can have some plans which are very comprehensive, complex and tricky but they give good idea about these changes and help many investors all over the world to gain from these changes. There are two constituents of a ; technical analysis and the fundamental analysis. Technical analysis: When the whole strategy is based in charts and their interpretation, this part comes into picture. This part will help the investor in knowing the boom and the depression region of the market. This plan of action involves mathematical formulas and derivations to give you results. Fundamental Analysis: This is done on a macro level. When you are trading between currencies of two countries, you use a detailed fundamental analysis of the pair. The two economies of the nations are evaluated and day to day changes of the political and financial word of those two nations are closely followed since these also have an effect in the currencies. When you go out to win, you should always think of using both the constituents of the strategy. Only when both the parts are worked upon simultaneously you will understand the detailed fluctuations and how is it affecting your investment. Apart from using all these strategies and plan of actions, it is very important for a trader to be realistic and practical in approach. The trader should have a positive attitude towards the whole market and a rash emotional decision should not be taken under the influence of affinity and love towards a currency or pair. For beginners, we will advice to start using basic level forex strategies so that they too make smooth and sound transactions in the forex market.

Online Forex Trading What It Is And How Does It Work

Online Forex Trading What It Is And How Does It Work

A large number of people are trying to discover methods to earn extra cash. Though, an individual may find various online jobs, nonetheless, they cant earn a lot of money with such jobs, which are more of a part time nature. But now its possible through forex trade online, which provides a scope of quitting the previous job and starting a lucrative career for those armed with proper knowledge, technique and skills.

If you are interested in forex trading, then you can get started without much hassle. Nothing can be more effective and convenient than trading in forex market, that too from the comfort of your home. Nonetheless, it doesnt mean that its a simple job. Trading in forex market is no laughing matter. Only, people with good trading skills, market knowledge, discipline and dedication can do it. In order to earn money via this method you need a reliable and trusted training source.

Forex market is a marketplace where currency exchanges take place. Trading of United State dollar against British currency is one of the best examples. This way, one can easily make transactions in other nations. As some of you might know, this concept has been around for years but individuals have to visit currency exchange stations or banks to exchange their currency. With the introduction of forex trading systems online, you no longer have to go to currency exchange stations, plus you can earn a decent amount as well.

The trading platforms also offer demonstrations that can simulate a trading situation in the marketplace. Before actually trying the real thing, an individual must try these demonstrations, which are the best way to gather information about how trading happens. These demonstrations will help you learn . Online forex trading is usually performed by trading platforms. Here, one can get training, support and background information on the foreign exchange market. You can also get an expert advice, from proficient traders who share their experience and knowledge about forex trading, thus assuring an individual of support, whenever needed.

Though, it involves risk, but if you trade carefully, the risk is low. You need to employ the most appropriate forex broker over the internet in order to ensure that you earn a steady amount. Also, when trading on your own, consult experts to get signals on when to purchase/sell and trade. Then there are experts who charge some fee to provide the tips and basics of foreign exchange trading. The only thing you need to do is to find reliable and trustworthy experts and advisors who have outstanding track records in .

If an individual owns the right tools and knows how the market works, he can easily learn forex trading and earn a lot of money.

Forex Tips for Beginners

Forex Tips for Beginners

It is said that the starting of any work is the most important steps as it decide the direction of the progress of that work. In the , people generally enter to earn big money in less time and effort. Due to this formula mostly they end in losing the amount which they invested and also they are under a good amount of loan. This situation arises only because they are misguided about the market or because they don’t have enough training to step into the market. These kinds of situations can be easily avoided if they take care of few small things before entering this business and can earn big amount without much effort to make their dreams come true. For one thing, the beginner should be capable of choosing the best information from the large pool of data which is available on internet. The few tips which one should keep in mind before entering this market of big promises are: Use demo accounts: There are many website on the internet which provides free demo account where the user can learn the tips and tricks for free of cost. These accounts allow the user to deal in the real market by using virtual currency. This gives a good practice to the user to know the pros and cons of the market and help them in dealing with the market in real time terms. Don’t believe on market gurus: the market gurus here offer their advices for doing the or claim to crack the codes of forex market and offer them for a small amount of money. These kinds of gurus are mostly fake and this is just another way of earning side cash. They just sell the product which either is made to work only when you are sleeping or when you are away from computer. But mostly there is no outcome of these kinds of systems. Have faith and invest small: There is no shortcut to become rich over night. People should understand this simple fact and always invest small in the business. It is important they don’t lose faith in this and if there is loss then they should be able to bear it instead of running away from it. Article Source:

Once you have , you will learn everything you need to about: the benefits of trading in the Forex market The types of currency pairs used in Forex trading And, the Forex lingo which has been confusing you. u.

Advantages And Disadvantages Of Online Trading

Advantages And Disadvantages Of Online Trading

Online trading means trading of stocks through internet. In simple words online trading has brought the stock exchange literally to our homes. There are dedicated sites that offer online trading platform to indulge in trading of stocks. Since the introduction of online trading there has been a surge of investors, primarily new investors who were earlier shying away from the market. Online trading has made it possible to trade in different kinds of securities like stocks, bonds, futures, options, ETFs, forex currencies and mutual funds. There are some obvious differences between online and traditional trading. In traditional trading the activities are carried out through a broker, he helps the trader with suggestions on how to proceed in the trade. The transaction is carried out through archaic communication tools like telephone. The broker assists the trader in the whole process in the form of collecting and providing information for making better trading decisions. In return of this service the trader charges a commission on every trade, which is most of the time on the higher side. The traditional form of trading is a time consuming process and generally benefits long time investors who dont do much trading.

On the contrary there is a change in the process when it comes to online trading. Stock brokers have their websites through which they provide a platform to indulge in online trading of stocks. The platforms are very useful because they provide additional information like market data, news, charts and alerts. Market data is provided in the form of levels namely 1.5, 2 and 3. Day traders are the kind of traders who require every level of market data. Trading decisions are taken by the trader himself. Traders are allowed to trade more than one product, one market and/or one ECN with his single account and software. It is important to note that all trades in online trading are executed in (near) real-time. Online brokers in return of their service charge trading commissions and fees for the usage of the software.
Advantages

Fully automated trading process with access to advanced trading tools.
Online trading of stock allows trading in real-time market data and multiple markets and products.
Possible to indulge in faster trade execution that facilitates day traders in swing trading.
It is easy to open and manage an account and does not have any geographical limitations.
Online trading favors active traders, who trade in bulk but demands lesser commission.

Disadvantages
Online trading is risky if trading is done extensively on margin
There are chances of trading loss in case of mechanical/platforms failure
Online traders fall sort of constant support and suggestion
The fee of online brokers vary

Having said everything, online trading has been a big boost for the stock market.

FOREX Day Trading – The Dangers of Curve Fitting

FOREX Day Trading – The Dangers of Curve Fitting

In Forex day trading you see many systems that have fantastic track records in back testing, yet they can never match this performance in real time and the trader wipes out his equity.

The reason for this is the concept of curve fitting – if you don’t understand its significance you will lose.

Many traders buy hypothetical track records, or devise their own by running their signals over past data and any track record in day trading is curve fitted.

Why?

Day trading by its very nature doesn’t work.

You never get a real time track record of profits, so any track record has to be curve fitted to make a profit.

So what is curve fitting?

It means fitting the trading signals to the data ( you can of course do this on past data as you know the closing prices ) and making sure that the track record is profitable.

It’s very similar to shooting at a barn door and then drawing a cirlce around each one, after the shots are fired to amek them all bulls eyes.

Of course bending the system to fit the data doesn’t work and profitability is simply an illusion.

Examples of curve fitted systems are

Ones with lots of rules and parameters, or unique rules and parameters for different trading conditions, or contracts.

If you curve fit a system, be it in day trading or long term trend following, it will lose.

No reliable data

Day traders have to curve fit in hindsight to make a profit, as in real time volatility is random and its impossible to predict price direction.

To make money in any form of trading you need to play the odds and you can’t do that in day trading.

When you buy one of those enticing day trading systems offering you 100% profits or 70% success rates ask for the real time track record and you won’t get one.

The one presented to you is hypothetical and done knowing the closing prices and has been curve fitted.

Try and trade any day trading system from a vendor in real time and you can kiss goodbye to your account equity. Don’t fall for the hype of day trading systems see the reality, which is a sure fire way to lose all your money quickly.

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Forex Benefits of Trading the Forex Market

Forex Benefits of Trading the Forex Market

Trading the Forex market has become very popular in the last years. Why is it that traders around the world see the Forex market as an investment opportunity? We will try to answer this question in this article. Also we will discuss come differences between the Forex market, the stocks market and the futures market.

Some of the benefits of trading the Forex market are:

Superior liquidity. Liquidity is what really makes the Forex market different from other markets. The Forex market is by far the most liquid financial market in the world with nearly 2 trillion dollars traded everyday. This ensures price stability and better trade execution. Allowing traders to open and close transactions with ease. Also such a tremendous volume makes it hard to manipulate the market in an extended manner.

24hr Market. This one is also one of the greatest advantages of trading Forex. It is an around the click market, the market opens on Sunday at 3:00 pm EST when New Zealand begins operations, and closes on Friday at 5:00 pm EST when San Francisco terminates operations. There are transactions in practically every time zone, allowing active traders to choose at what time to trade.

Leverage trading. Trading the Forex Market offers a greater buying power than many other markets. Some Forex brokers offer leverage up to 400:1, allowing traders to have only 0.25% in margin of the total investment. For instance, a trader using 100:1 means that to have a US$100,000 position, only US$1,000 are needed on margin to be able to open that position.

Low Transaction costs. Almost all brokers offer commission free trading. The only cost traders incur in any transaction is the spread (difference between the buy and sell price of each currency pair). This spread could be as low as 1 pip (the minimum increment in any currency pair) in some pairs.

Low minimum investment. The Forex market requires less capital to start trading than any other markets. The initial investment could go as low as $300 USD, depending on leverage offered by the broker. This is a great advantage since Forex traders are able to keep their risk investment to the lowest level.

Specialized trading. The liquidity of the market allows us to focus on just a few instruments (or currency pairs) as our main investments (85% of all trading transactions are made on the seven major currencies). Allowing us to monitor, and at the end get to know each instrument better.

Trading from anywhere. If you do a lot of traveling, you can trade from anywhere in the world just having an internet connection.

Some of the most important differences between the Forex market and other markets are explained below.

Forex market vs. Equity markets

Liquidity

FX market: Near two trillion dollars of daily volume. Equity market: Around 200 billion on a daily basis.

Trading hours

FX market: 24hr market, 5.5 days a week. Equity market: Monday through Friday from 8:30 EST to 5:00 EST.

Start Forex Signal Service With Metatrader Account Copier

Start Forex Signal Service With Metatrader Account Copier

Looking for Forex trading software? Metatrader account copier is the best software to make Forex trading simple. Metatrader account copier is software to assist your routine work related to trading signals. As consistent monitoring is essential in Forex trading, you always need to stick to your computer. But, use of metatrader account copier software can make you free from this because it will copy each trade to your account throughout the day. Another advantage of this software is that it allows copying unlimited accounts from different traders into your single account.

Metatrader account copier can also help the traders in many ways. If you have an investor password, you can copy trades from the investor account into yours. If the investor account is bigger or smaller than yours, you can alter the size or multiplier of the lot. Also, if you have the investor passwords from more than one account from several signal providers, then this software can help you to copy all the traders from the accounts into your account. The trade copier software will also alert you about the changes on the metatrader account without opening the positions.

How to Start Forex Signal Service?

First essential requirement is that you need an attractive domain name. Many names are already taken, but there are still many available. Second requirement is a website. You can find a web template for your website. These are cheap. You need to have at least HTML coding experience to run this template as a website. You need to update it with the texts and images, prices, etc. Then, you need metatrader account copier software. Forex Signal Service with autotrading is a software that Forex traders are looking for these days.

One team of programmers offers all solutions to start your Forex signal service. This team of Metatrader MQL programmers has all the tools you need. They can help you start a website with your chosen web template. They can include PayPal payment buttons on your website and make the website run independently. Metatrader account copier software is offered on their website. This means that when you will trade your account, your customers will get exact same trades as you run. You can even run some ea on your trading platform and trade copier will copy all these trades to your clients platforms. Trade copier software can be used on 100s even 1000s client platforms at the same time.

This is much better than to sell your profitable trading strategy or profitable expert advisor (EA) online. Imagine to have 100 clients with monthly payment of 100$ each, that is 100 x 100 = 10,000$ USD every month. Metatrader account copier programmers can help you start your own Forex signal service to make a lot of money.