Trading Forex Automatically

By Paul Bryan

The Forex market is the largest and is the most liquid market in the world. The daily trade exchange which takes place amounts to more than a trillion dollars, with trades taking place 24 x7.

Millions of people round the globe have already made a lot of money by investing in the Forex market business and a lot are just waiting eagerly to take the plunge. Nonetheless, you have to remember that Forex trading also has its share of risks.

Using some kind of a system for trading is very common amongst traders. Many of these have been developed by experts and then tweaked accordingly by each individual. However, most of these systems have the same drawback - they all need you to manually implement the trades. The face of Forex is trading though thanks to a range of automated forex trading software.

With these automatic trading robots, professional traders have joined forces with computer programmers and developers to create a winning combination. Each robot has been developed in order to produce the maximum level of profit with the minimum amount of work. The purpose of the autotrade tool is to help traders become more profitable and for them to learn how to perfect their strategies.

The most obvious advantage of such trading robots is the fact that you do not have to do much - just click a few buttons and the software takes care of the rest. Usually you are required to setup the software at the start of the day according to your own strategy. Then you leave it to do it's stuff - you do not even need to be around to keep an eye on things.

This means you do not have to let other commitments come between you and your Forex profits. In fact, as the Forex market is open for 24 hours a day across different time zones you can set the robot to trade while you sleep. You can even set the software to trade differently at different times to make up for differences in time zone market activity. This all comes together to make your trading both safer and more lucrative.

Furthermore it is a fact that as humans we are able to trade only certain amount of currency pairs at a time as it is mentally and physically not possible for us to handle several currency pairs at one particular point of time. But, the automatic trading software designed for Forex, enables you to deal with several currency pairs at a time and that too very efficiently.

The thing you must look out for is whether the software you are considering comes from a trusted company. The wrong choice could expose your risk and reduce the amount of profit you make. - 23159

About the Author:

Would you like to start automated Forex trading to lower your risk and improve your profits? Visit: Automatic Forex Trading

Learn How To Trade Forex

By Alan Tapori

Forex dealing is one of the world's largest internet dealing industry in the planet and stands at dealing approximately 1.3 trillion dollars around the world done by millions of folks actively taking part either on line or through a forex agent.

Now the basal inquiry that comes up is how to trade forex? The reply to this important enquiry is while simple but calls for a earnest view and an passionate learning approach. For learning forex or Fx dealing you must be well aware of the fundamentals of forex world some of which are recited below.

Forex is broadly dealt in 4 major currencies apart from additional ones versus each other. These 4 currencies are dollar, British pound, Yen and Euro. The basic unit in which forex is traded is a pip

Forex generally has a currency standard. Forex is generally traded in the four main currencies of the world namely, Dollar, Pound, Yen and Euro

At present you need at least $250 to start your forex trading account Forex trading is generally done on margin basis. Margin depends upon the type of account you are holding.

Forex trading is done 365 days and 24 hours a day which simply means that though forex trading has come to a halt in some particular part of the world but is still active in some other.

However though many websites on the cyberspace will lure you into trading your hard earned capital into forex market, a cautious approach should be taken to avoid pitfalls such as excessive margin trading without prior knowledge of margin and the currency traded itself; time literature and comprehension of the volatility of the market should be carefully analyzed else you might visualize your hard earned money being washed away in the flood of trading giants. - 23159

About the Author:

Alan Tapori leant how to trade forex the hard way. Now he helps others on online forex trading.

Finding Simple Forex Trading Systems

By Tim Barnby

If you spend any time at all in forex (FX) trading forums you'll see constant questions like: "What's the best FX trading system?, what's the best free forex trading system, or where do I find good forex trading signals?" There are so many expert advisors (EAs), indicators, and systems available that it's nearly impossible for a novice trader to find a decent FX trading system, or one that produced consistent results. Still, given a little information, traders should be able to identify a system that will work for them. Any FX trading system worth following will have four traits:

The FX trading system will trade with the long term trend. The system will provide inflexible rules. The FX trading system will use a very limited set of indicators and will rely on an easily identified setup. Finally, the ideal FX trading system will provide a positive financial edge.

Whether you are trading stock, commodities, or a Forex market, following the overall trend should be your first priority. Trading against the trend might get you a few winning trades, but a prudent trader sticks with the overall trend. Chasing retracements is okay if you want a rush. If you want to make money, you need to manage your trading like a business. That means that we make purchases at a lower price than the projected sale price. Counter trend trading goes against that rule. There are several methods for determining a trend. I recommend the Blue Zone, or a similar method for determining the health of a trend.

The ideal FX trading system will provide you with an iron clad set of rules for trading. Your trading results will be tightly correlated to your adherence to rules. When selecting a trading system, make sure you can live with the rules. If you cannot, find another system. If you find that your emotions will not allow you to follow these rules, find another way to make money. A system will only work if you use it correctly and consistently.

When reviewing messages in the Forex trading forums, you'll often see charts. Some of these charts are so covered with indicators that you can hardly see the price action! The best FX trading system will only use a couple of indicators. The Blue Zone system, as an example, only uses three simple moving averages (SMAs). It uses these to determine the health of the trend. The best FX trading systems will couple these few indicators with setups that are incredibly simple and easy to identify. There are systems that use ascending triangles, multi-candle setups, and complicated crossovers. Those are just too complicated to be of much value, and in my opinion, lack consistency. The Blue Zone system uses a single candle setup. This single candle is highly predictive of reversals and will provide consistent results. Of course you have to know which times to trade it.

Finally, any FX trading system can be judged on one metric alone, the Financial Edge. Financial edge is a simple formula. It states: E= (AW*PW) - (AL*PL) Or, in English it states Edge equals the difference between the average winner times the probability of winning and the average loser times the probability of a loss.

Example System: Average Winner: 200 pips Probability of win: 15% Average Loser: 25 pips Probability of loss: 85% Edge = 8.75 pips.

The above example illustrates how important edge is and how unimportant percentage of winning is. We only won 15% of the time in the above example. Using the system consistently, however, would give us nearly 9 pips per trade! Our goal in forex trading is not to win more often. Our goal is not to win at all. Our goal is to make money. The sooner this is learned, the better.

When reviewing the numerous systems available for forex trading, if you remember the preceding facts, you'll be well on your way to finding or developing the perfect FX trading system. - 23159

About the Author:

No matter which FX trading system you choose, to be profitable in Forex you must gather three elements: Money Management, Proper (Instructor Led) Education and the Mental Game (comes from the first two). We provide everything you need from live trading rooms to intense individualized mentoring programs at The Market Mover Edge

Investing Made Smart With Today's Hot Stocks

By Ben Gosse

I'm a pretty conservative investor. I knew about the hot stocks market, but I've always felt that it was pretty risky. I was willing to take lower returns and keep my capital as safe as possible. I was talking to friend who is at least as conservative as me and he told me about Today's Hot Stocks newsletter. I thought maybe he'd been out on the golf course too long.

Hot stocks are a volatile market with lots of variables. I wasn't sure that a computer program could really keep track of everything and pick the winners. Since there was a sixty day trial with a money back guarantee, I figured I didn't really have anything to lose. Since the alerts usually come twenty four hours before I have to take an action, I thought it was worth a try.

Since the site offered a sixty day money back guarantee, I decided to see if my friend was right. That was three months ago and I have to admit, I am impressed. Using the Today's Hot Stocks newsletter and email alerts, has helped me make good returns on my investments. Nothing's perfect and I have had a couple of duds, but I really didn't lose much since I was able to get out quickly.

I'm still not putting all my eggs in one basket, the best way to protect your money is to invest it with diversity in mind. I have to admit, though, that I'm really impressed at the returns I'm getting on hot stocks. Today's Hot Stocks news letter has made a believer out of me. I've done some trend following and I know how that software works, but my returns haven't been as reliable as with hot stocks.

Some folks may not be happy paying for advice on stocks figuring they are already paying their broker for that service. If you aren't making a 30% return on your investments, maybe your broker's advice isn't as good as the advice from Today's Hot Stocks.

For me, the money back guarantee was an incentive to try the newsletter. You really have nothing to lose, and if the information is good, the newsletter pays for itself and you have more money than before you started following the advice. I'm happy to pay for the information now because I'm making a lot more on hot stocks than I did before.

There are a lot of places, including your broker, where you can get advice on hot stocks. Most of the time they got their information from another source, so the data you're getting isn't fresh and may have missed something in the translation. The data from Today's Hot Stocks comes directly from them to you, so there is less chance of a miscommunication.

I can only say that I am definitely getting my money's worth and more from the Today's Hot Stocks newsletter. If you are in the hot stocks market, i strongly suggest you try it, even if only for the sixty day trial. You won't lose anything, and like me, you may decide that your subscription is worth every cent. - 23159

About the Author:

Find more on best growth stocks and hot stocks.

How to Trade Forex? It's a Snap!

By Steve Maenshel

How to trade Forex? Trading Forex is a piece of cake. It is really not as hard as it seems to be. Forex trades involve entering the trade at the right time, as well as exiting also at the right time. All you have to do is select a currency pair, select the desired amount of the base currency that you wish to trade and choose whether you would like to sell or to buy. Next you will have to wait for a profitable time to exit your transaction, and there you are. In order to learn how to trade Forex and to start consistently choosing the winning transactions, you will have to practice on a demo account for several months.

Demo Account Trading

Trading with a demo account is definitely one of the easiest ways to learn how to trade Forex. A Demo account will safeguard you from incurring any real losses while making mistakes at the time of your trading. At first, you will most likely often make mistakes when selecting the time of entering and exiting the trades, such as you may be too late or too early. Mistakes that you make while trading on a demo account will not cost you a dime. However, if you skip this essential step, you may join the 90% of failing Forex traders.

Understanding Currency Pairs

Currency pairs represent two currencies paired together against one another. Which currency pair to choose from the multitude of currency pairs? Its probably a good idea to start with the most traded currency, which is nowadays USD/EUR. Try to first understand the traits, which are unique, particularly for this currency pair. How does this currency fluctuate? What may be the reasons of the fluctuations? Which currency in this pair seems to be going up and which seems to be going down, and why? Every currency pair has different reasons for fluctuations. It is better to learn one currency pair before advancing to the next one. Study the currencies and currency pairs, and you will be well on the way to learning how to trade Forex.

Currency Quotes in Forex trades

Forex trades are always based on currency quotes. Currency quotes are two-sided, consisting of the bid price from one side and the ask price from the other side. Bid represents the selling price of the base currency, when concurrently buying the counter one. Ask represents the purchasing price of the base currency, when concurrently selling the counter one. Good grasp of currency quotes is essential for learning how to trade Forex.

Base currency is any currency that is stated first in the quote and counter currency is any currency that is stated second in the quote. For example, in the most traded currency pair, the base currency is USD and the counter currency is EUR. Base currency value always equals one. The counter currency's value is calculated counter to the base currency. Forex expresses prices through pips, usually representing the fourth decimal point. How to trade Forex successfully? Understand the meaning of the currency quotes.

Understanding Leverage and Margins

Leverage allows you to trade with not much of your own money. It's very pleasant to realize that you can trade with a lot more money than what you really have. Imagine the possible profits? It's breath-taking, isn't it? Well, now turn your imagination on and try to imagine the possible losses. It's spine-chilling, isn't it? Many dealers advertise margins with up to 100:1 leverage. What does it mean? It means that if you are trading with many lots and the market goes against you in most of the lots, your losses will be horrific. Do not just learn how to trade Forex, do so without incurring losses.

Unfortunately brokers, just like banks do not really care whether you win or lose in your Forex trades. You will still have to pay them back. If you lose the money that they gave you. It is better not to trade on margin at all, and to only trade with your own money.

It's very easy to learn how to trade Forex. However, how to trade Forex with a profit? Allow enough time to train on a demo account before proceeding to real-life trading. - 23159

About the Author:

About the author: Steve Maenshel can you help you understand how to trade the forex markets. For more information, visit his forex resource center.