Forex On Autopilot: Easy Ways of Forex Trading

The foreign exchange market is often called forex. It is also referred to as currency market. It is an inter country financial market for trading currencies across the world. Buyers and sellers across the world win as well as loose from the rise and fall in different currencies. It depends on how good one can speculate the relative currency price. The better the calculations, the better are the chances of getting good fortune in this currency market. Forex on autopilot system is a very advantageous way to manage your forex investments.

For any forex investor doing analysis and watching trends is a regular exercise. For someone who is seriously involved in forex trading, it is a full time job as you have to spend a large amount of time speculating the market and evaluating the potential of different currencies. The forex on autopilot system reduces the full time involvement of the individual in research and analysis to a large extent. It has time tested strategies with good return on investment record already devised for the user’s need. The forex on autopilot system also has an inbuilt mechanism of constantly monitoring trades. So you need not spend sleepless nights while you have an open position in the market. You can very well understand how easier it makes your forex investments. The main pain points are being taken care by the forex on autopilot system. As the forex on autopilot system is devised with intelligent strategies and can help to centrally control over different strategies, therefore you can diversify your investment via different trading techniques. This will in turn diversify your risk. The system can be extremely opportunistic to get the advantage from any kinds of markets be it a ranging market or a choppy market. It can help you equally in trending and retracing markets.

With all the automated and intelligent tools, it is a complete system dedicated to manage your forex investments. It will ensure that even with a minimum input from your side it will be smart enough to manage your investment almost guaranteeing you with a respectable profit. However this does not mean that it takes all the control in its hands. You will still have the final control in your hand. You will still be able to test your own strategies and do manual trades whenever you wish to. This will ensure that you get the maximum opportunity to profit and improvise via the forex on autopilot.

As you very well know that like most trades forex trading is not completely risk free, however tools like this can minimize the risk to a large extent. The truth that you have to accept is that even if you take the help of the most knowledgeable trader you cannot be absolutely certain of the outcome. At some point you will very well understand that predictions however logical they maybe, can become false due to odd unplanned events. This is not in your control and is neither in control of the forex auto piloting. The system will help you no doubt but it cannot guarantee you profit and neither can even the wisest of the traders.



Source by H Al

Why Trading Mini Accounts Is The Fast Track To Failure

This is something I’ve been wanting to write and share about for a long time but it’s only now that I’ve brought myself to share and I wonder why. Oh well …

A lot of newbie traders are told each day on the web via advertising that forex is the fastest track to wealth (and I’m not denying that to be true … but that’s only for the elite few). And the people that are responsible for getting this message out are the scammers and some of the forex brokers out there unfortunately. Here’s the thing though, forex is extremely lucrative for these fx brokers.

Wanna know why?

Because … they strive to get lots of new people hooked up and get started with forex trading via mini accounts. Mini fx accounts offer crazy leverage and allow one to get started with live forex trading for either $250 or $300 (which is a measly sum for most).

With such a low amount, it is much more easy for someone who wants to get started to actually get started doing so.

With mini accounts, each pip you make or lose results in a dollar gained or a dollar lost. Now think about for a sec, with just $250 or $300 in your mini account, just how many pips can you afford to lose before you wipe your account dry?

Yep, it’s either 250 or 300 which isn’t a lot actually when you think about it. If you lose 25 pips for each bad trade, it takes you just 10 trades to clean up your account. Bad odds for you, great profits for the broker.

Bottom line … Mini account = Fast Track To Failure



Source by Kelvin Chan

Forex Trading Training Course

A successful forex trader is often a product of a good forex trading course, either from a real classroom or virtual classroom. If you want to be one, you must consider the potential in the Foreign Exchange (FOREX) markets, so you know that your best chance to get your share of that potential is by getting a good forex education.

What future behold in the life of a forex course graduate then? A forex trader basically:

1. Earn his financial freedom

2. Get the opportunity to be the boss of his own business

3. Get the chance to work at home, having more time to spend with his family

4. Own his time, and work as he schedules

In order to be among the successful forex traders, you need to undergo extensive trainings.

Experienced professionals have gone to forex courses where they have learned:

1. The basics of common trading, money management, and technical analysis

2. The strategies on locating and executing profitable trades

3. Thinking and acting like a professional forex trader

4. Developing his own trading style

Learning forex basics requires time and effort. You can enroll in academies/schools that offer courses at reasonable charges. You may choose getting online courses but it will be better to have interaction with real instructors, with whom you will communicate face to face. Additionally, there are more advantages in learning from a real classroom, where you can also find your future business partners. Nonetheless, if you want the ease of online education, it won’t be a bad alternative at all.



Source by John F Smith

The Ultimate Forex Expert Advisor Software – Solves All Your Trading Doubt

Trading is a good way to increase your fortune. People who want to do efficient trading use a trading platform to enhance their chances for success. Nowadays, the system of trade has been improved. You can perform trades using a robot. It gives you the ability to trade using an autopilot mode. This kind of trading option certainly made a buzz in the trading industry. However, some experienced traders raised concerns about using a robot to perform trades.

Using one robot doesn’t simply cut it anymore. That is why the Forex Brotherhood developed a way to make things easier for traders to transact business. Availing of their services would help you minimize the probability of losing.

Acquiring their service would mean that you will have an online access to their seasoned traders. They will give you the necessary education you need to make sound decisions. The advice they make is based upon their 20 years of experience of being a trader. Their advice and tips would give you the necessary methodology to use when performing trade. In this way you could make good strategic decisions.

Enrolling in their program will not only make you a trader but also an apprentice to the veteran traders. You will be able to participate in their 45-minute online discussions and the seasoned traders will educate you on the essential aspects of trading. In this way you would be able to acquire the tips you need, to get an edge on trading.And also you will get more confident to stake your actual money.



Source by Garima Bajoria

Forex Trading Course – FX Market Course System

Many people are looking to profit using Forex trading systems and FX courses. What system works best and who are the real experts? Confusing sometimes… but education is the key because as a forex trader – you are competing with other international FX traders and investors. Many of those with course education, Mentor Traders and more.

What is the Forex Market?

The Forex or FX market is basically an over the counter trading exchange of currencies that effectively runs 24 hours a day. Any exchange like the Forex that does run “round the clock” will have auto trading systems, courses and trading mechanisms that can allow a trader to profit literally while he sleeps… if the person knows the system and the exchange.

Individual traders and larger institutional investors trade on the FX market. For many single traders, learning how to profit using an auto system is a way they can compete with larger traders. These bigger investors include:

Banks

Investment Bankers

Futures Trading Firms

and much more

Trading international currency can also be fun!… if you know what you are doing. Most people who take a course or buy a Forex trade system seem to find their profit results increase greatly.

FX Systems

Yes there are many “experts” in the Forex market and promote numerous FX trading systems and courses. Some of these course systems are online and produced by actual Forex traders. The main thing investors and traders should look for before buying these courses and auto robot systems is actual statements, real testimonials and low price for the course itself.

With the competition as it is, Forex course writers are delivering great products to out-do the competition. The Forex is also a global exchange so there are a tremendous amount of investors. Many making 300% or more auto profits and many not making anything. The FX auto trade systems that are available can be VERY impressive – but listen or view the products.

Visit: Forex Course Systems

Happy learning and Trading!

American Investment Training



Source by Nick Hunter

Educate Yourself With a Good Forex Trading Course

Online forex trading is fast rising in popularity and with this comes the numerous forex trading courses offered to a lot of aspiring forex traders. However, although these courses come in abundance, not all of them are worth buying for. For you to become a good forex trader, you need to educate yourself by means of having the best forex trading course out there.

In choosing a forex trading course to buy, you must consider the content of the course. It is good to ask why such manufacturer sell the forex trading course. See if it will really help you make hundreds of dollars. You should ensure that your money will not go into waste, thus, making sure that the forex trading course you are about to purchase is worth buying for. You should realize that the majority of these courses are just junks and that they would most likely to rely on the advertising rather than the effectiveness of the course. As a forex trader, don’t just fall easily on flowery advertisements. Always look for good brands that will assure you of good quality of forex education.

If you want to test the effectiveness of the course, ask the vendor for real time tracks and if they cannot give you anything, then it’s not a good forex trading course to buy. Remember, although these trading courses will help you a lot in your forex trading business, no one is going to make you rich except yourself alone. What you can do is to buy a reputable forex trading course, and do your part of being a good learner in such case.



Source by Timothy Stevens

The Minimum Requisite Education For Successful Forex Trading

You can call it by any of these names—Foreign exchange, forex or just FX. They all describe the mode of trading of the world’s major currencies. Today, the forex market is considered the largest market in the world with the volume of trading that amounts to around USD 1.5 trillion every day. Add the volume of activities of all the domestic trading exchanges and even then the forex transaction on an average day is more than this combined value. The forex trading value is also one hundred times greater than the daily trading on the NYSE (New York Stock Exchange). The activities in this market are mostly speculative, with a small portion representing governments’ and banks’ fundamental currency conversion needs.

The forex market is fundamentally different in nature having an operation on the “interbank” market, instead of operating through a central exchange like those of the domestic stock markets. In nature forex market resembles an OTC or over the counter market, where trading takes place directly between the two parties whether over the telephone or on electronic networks all over the world. The main centers for trading are Sydney, Tokyo, London, Frankfurt and New York. Because of this worldwide network of trading centres, the forex market remains operative 24-hour all through the week.

In the earlier days, the forex trading was the monopoly of financial giants and a few selective big time traders. But the globalization and internet has thrown open the market to common traders with a sharp intuition for speculative trading. In addition to a sharp intuition and predicting abilities, a first time trader needs some basi training in the major terms of forex trading.

The basic forex terms:

Spot:

The forex market is described as the spot market as the trades are settled instantly, “on the spot”. In real life it amounts to two banking days.

Spread

You sell currencies in this market through a ‘bid’, and you buy them through ‘ask’. The spread is the difference between the price at which you sold the currency and the price you have bought them. Under normal market condition you will find a spread on majors amounting to 3 pips.

Pips

As said earlier you will often come across such scenario as a 3-pip spread on trading the majors. It is the basic unit for measuring a cross price quote changes. Consider this instance, where EURUSD is quoted at a bid price of 0.9875 and an ask price of 0.9878. The difference is USD 0.0003, which is equal to 3 “pips”.

Margin Trading

Foreign exchange is normally traded on margin which is considerably higher than any other stock exchanges. In forex market you will enjoy a margin up to 100 times.

Base Currency and Variable Currency

In forex market you are always trading on a combination of two currencies. For example, you will buy US dollars and sell Euro. It means you have to speculate on the assumption of comparative strength and weaknesses of the any two currencies.

Forex market is a perfect for those who do not dare to take risks. But you will be in a position of taking risks when you adequately educated in this field and your basic minimum education in this field should start with a clear perception about the above described forex trading terms.



Source by Berg Davidsen

Forex Trading Tips – How You Can Profit at Least 200 Pips Each Week Trading Forex

Profiting 200 pips from the forex market might seem rather out-of-reach for most ( including yourself perhaps ) if you have not been there done that. This logic is very simple to understand here – Considering a trader who can consistently nail an average of 200 pips from the forex market each week, this kind of profit target would not be overwhelming to him/her anymore. On the other hand, if you are the kind of trader who struggle to make 50 – 80 pips each week, this target of 200 pips might seem like an impossible target for you (at least for now). However, nothing is hard or impossible as long as you break down everything and try to understand the process in a simple manner – Likewise for this strategy on profiting 200 pips each week.

Let me share the details below:

In forex trading, being “consistent ” is really the key to succeed continuously month after month and for a long time to come. Nothing beats this fact I am sure. So instead of thinking how to make 200 pips each week, you just have to break it down into 40 pips a day instead. Not only is 40 pips a very achievable target, but it is also a ” realistic ” target as well. Why do I say so?

Because for almost all the currency pairs available for trading, their average daily pips range would be between 100 – 150 pips at least. Hence, when you are aiming for just 40 pips out of this range, it is definitely very do-able once you understand some proven facts I am sharing here. For this example, let me use the EUR/USD for my explanation of this strategy. This is one of the most commonly traded pair and the liquidity is definitely good.

Here are some tips for you to secure the 40 pips target with confidence:

1) Always Trade On The Bigger Time-frames Such As 1 hourly or 4 hourly

By looking at the bigger time-frames, you are actually looking at the ” bigger ” price projection in the market. Therefore, not only are you looking at more reliable signals & patterns formation from the chart, but also not that tiring after all as compared to staring at the 1 minute or 5 minutes charts instead.

2) You Should Trade With A Good ” Risk/Reward ” Ratio Of At Least 1.5x

Forex trading is merely a game of probability after all. As long as you lose less than what you win each time and simply rinse and repeat over many trades, you are going to be in the “positive” profits zone every month. So by applying a risk/reward ratio of 1.5x, you would plan your take profit at 45 pips (applicable for a pair such as EUR/USD) each time and stop loss at 30 pips. When you stick strictly to this ratio, each time you would win 45 pips but when you lose, it is only 30 pips.

Lose less and win more – That’s what I called it!

3) Learn Forex Trading Strategies For Both Sideway & Trending Market

In the forex market, it is either the market is going sideway (ranging) OR trending. And the beauty is that you can definitely nail those pips (profits) you need from both market condition once you have some strategies for each different market.

To truly put all odds on your side, it is no good to apply just one strategy to all market conditions as in this way, you would not be getting good results in the long run or maybe only “breakeven ” perhaps. So what you should do is to include good strategies meant for both the sideway & trending market in your trading basket. And the best strategies you should use would be based on Price Action itself.

Why so?

This is because Price Action is not lagging and the ” hints ” you derive from the actual market Price Action is more reliable most of the time. On the other hand, when you rely too heavily on the so called ” textbook technical indicators”, you would suffer more confusions and uncertainty as they are generally plain lagging and not as reliable as compared to Price Action.

Having stick to these 3 proven tips, your effort to make 200 pips each week would not be such a challenge anymore. You would suffer some losses definitely, but if you trade just 2 times a day ( using TP 45 pips & SL 30 pips ) and your strategies are just 50% accurate – 200 Pips by the end of the week is very do-able indeed! So if you are keen on tuning both your mindset and trading skills to make 200 pips each week, do try out and get familiar with these 3 rules using a DEMO account first.

Once you can ” consistently ” get many repeated 200 pips each week, you can then proceed onto a Live trading account if you want. 200 pips each week would roughly equate to about 800 pips every month. Now do you know how much these kind of pips would help to grow your account size by only risking 2 -3 % each time? I would say, it is enough to make most traders around the world “filled with envy ” once they know about your success with forex!



Source by Aaron Tan Wei Ming

Forex Trading Advice – What Gains Could You Make Trading Global Currencies?

What gains can you expect from trading global currencies and how much effort do you need to make to generate a great second income? In this article I will give you some realistic targets to aim for and also give you an idea of the amount of study and work you have to do to make these gains.

Forex trading is easy to learn and there is no need for ongoing education, once you have a system you are happy with and have confidence in. No system is perfect but if you have a simple system based on charts, you can make a lot of money with it. So how long will it take to learn a simple chart based system? My own view is it will take a couple of weeks to around a month, to learn all you need to know and that’s it – no further study is required.

Many traders waste their time, researching new systems when they get a few losses but all systems will experience losing periods. Instead of swapping systems, if you have confidence in your system trade it through periods of losses with discipline. If the systems soundly based, it will make money over the long term. Short term dips in equity, happen to all traders so accept them, trade with discipline and focus on the long term.

Your system should also be based on following long term price action, if you focus on the longer term, you will find you make more profit and do less work and an hour a day off work can make you a lot of profit.

So How Much Money Can you Make Trading Forex?

Of course, this will vary between traders and systems but here are some general points in relation to how much you can make and the size of equity dips you can expect.

The best traders will make between 30 – 100% per annum and this can be achieved even by new traders. You will see lots of gurus and cheap Forex robots saying you can make 100 – 1,000% per annum and also have very small losses( normally under 5%) but there lying and they don’t achieve these figures.

If you make 30 – 100%, your drawdown will increase with the amount you are targeting typically, if you are aiming for 30% annual gains, your drawdown will be around 10% and on 100% gains it will be about 30 – 50% and periods of losses will always last a few weeks to a couple of months so its important to keep your eyes focused firmly on the longer term – cut your losses and run your profits.

The above is an honest assessment of how much money you can make trading Forex and the time it will take you to do it so good luck and I hope, the above Forex trading advice helps you enjoy long term trading success.



Source by Kelly Price

Trade Forex – 5 Tips for Currency Trading Success

Here I am going to give you 10 simple tips which are needed to enjoy long term trading success and if you understand them and follow them, you can join the elite 5% of traders who make big gains trading Forex.

I have put the number of tips in no particular order of importance – you need to follow them.

1. Don’t Use FX Robots

When 95% of all traders lose don’t expect a cheap robot to make you wealthy with no effort, these systems cost so little because they don’t make money.

2. Work Smart Not Hard

I always read it takes years to learn to trade and you continually need to learn – this is rubbish. Forex trading is simple to learn because simple systems work best and you can learn all the basics of success in a few weeks. You don’t get paid for working harder in FX trading, you get paid for being right so no need to do extra work for no reason.

3. Understand Volatility and Drawdown

I see numerous traders who think they can day trade and scalp with 10 to 20 pip stops but they soon lose their money. This because they have no understanding of volatility and it impact and if you want to win, you need to understand all about it.

4. Use Low Leverage

Brokers will give you 200:1 leverage but use this amount and you will lose. For a novice trader 10:1 is the maximum you should use and don’t worry you can make triple digit gains on it and still have tight risk control.

5. Discipline Discipline Discipline

In Forex trading, the best traders in the world make money around 50% of the time but the makes huge gains by having the discipline to keep losses small and run profits.

Most novice traders think they are going to win the majority of the time so they run losses and this leads to a wipe out. They refuse to admit their wrong bit if you want to win at Forex trading, forget about being right all the time and focus, cutting losses and running profits.

Final Words

I hope you enjoyed the above tips and if you understand them, you will see why you can big gains trading Forex.



Source by Kelly Price