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Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?
This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading.
Trade pairs, not currencies - Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.
Knowledge is Power - When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.
The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.
Unambitious trading - Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.
Over-cautious trading - Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you don't place reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade.
Independence - If you are new to forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you either of these two things:
Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation period);
Seek advice from too many sources - multiple input will only result in multiple losses. Take a position, ride with it and then analyse the outcome - by yourself, for yourself.
Tiny margins - Margin trading is one of the biggest advantages in trading forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success.
No strategy - The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new traders that lose their money.
Trading Off-Peak Hours - Professional FX traders, option traders, and hedge funds posses a huge advantage over small retail traders during off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and move them around when there is far small trade volume is going through (meaning their risk is smaller). The best advice for trading during off peak hours is simple - don't.
The only way is up/down - When the market is on its way up, the market is on its way up. When the market is going down, the market is going down. That's it. There are many systems which analyse past trends, but none that can accurately predict the future. But if you acknowledge to yourself that all that is happening at any time is that the market is simply moving, you'll be amazed at how hard it is to blame anyone else.
Trade on the news - Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions and prices change resulting in a serious currency flow.
Exiting Trades - If you place a trade and it's not working out for you, get out. Don't compound your mistake by staying in and hoping for a reversal. If you're in a winning trade, don't talk yourself out of the position because you're bored or want to relieve stress; stress is a natural part of trading; get used to it.
Don't trade too short-term - If you are aiming to make less than 20 points profit, don't undertake the trade. The spread you are trading on will make the odds against you far too high.
Don't be smart - The most successful traders I know keep their trading simple. They don't analyse all day or research historical trends and track web logs and their results are excellent.
Tops and Bottoms - There are no real "bargains" in trading foreign exchange. Trade in the direction the price is going in and you're results will be almost guaranteed to improve.
Ignoring the technicals- Understanding whether the market is over-extended long or short is a key indicator of price action. Spikes occur in the market when it is moving all one way.
Emotional Trading - Without that all-important strategy, you're trades essentially are thoughts only and thoughts are emotions and a very poor foundation for trading. When most of us are upset and emotional, we don't tend to make the wisest decisions. Don't let your emotions sway you.
Confidence - Confidence comes from successful trading. If you lose money early in your trading career it's very difficult to regain it; the trick is not to go off half-cocked; learn the business before you trade. Remember, knowledge is power.
The second and final part of this report clearly and simply details more essential tips on how to avoid the pitfalls and start making more money in your forex trading.
Take it like a man - If you decide to ride a loss, you are simply displaying stupidity and cowardice. It takes guts to accept your loss and wait for tomorrow to try again. Sticking to a bad position ruins lots of traders - permanently. Try to remember that the market often behaves illogically, so don't get commit to any one trade; it's just a trade. One good trade will not make you a trading success; it's ongoing regular performance over months and years that makes a good trader.
Focus - Fantasising about possible profits and then "spending" them before you have realised them is no good. Focus on your current position(s) and place reasonable stop losses at the time you do the trade. Then sit back and enjoy the ride - you have no real control from now on, the market will do what it wants to do.
Don't trust demos - Demo trading often causes new traders to learn bad habits. These bad habits, which can be very dangerous in the long run, come about because you are playing with virtual money. Once you know how your broker's system works, start trading small amounts and only take the risk you can afford to win or lose.
Stick to the strategy - When you make money on a well thought-out strategic trade, don't go and lose half of it next time on a fancy; stick to your strategy and invest profits on the next trade that matches your long-term goals.
Trade today - Most successful day traders are highly focused on what's happening in the short-term, not what may happen over the next month. If you're trading with 40 to 60-point stops focus on what's happening today as the market will probably move too quickly to consider the long-term future. However, the long-term trends are not unimportant; they will not always help you though if you're trading intraday.
The clues are in the details - The bottom line on your account balance doesn't tell the whole story. Consider individual trade details; analyse your losses and the telling losing streaks. Generally, traders that make money without suffering significant daily losses have the best chance of sustaining positive performance in the long term.
Simulated Results - Be very careful and wary about infamous "black box" systems. These so-called trading signal systems do not often explain exactly how the trade signals they generate are produced. Typically, these systems only show their track record of extraordinary results - historical results. Successfully predicting future trade scenarios is altogether more complex. The high-speed algorithmic capabilities of these systems provide significant retrospective trading systems, not ones which will help you trade effectively in the future.
Get to know one cross at a time - Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one cross at a time.
Risk Reward - If you put a 20 point stop and a 50 point profit your chances of winning are probably about 1-3 against you. In fact, given the spread you're trading on, it's more likely to be 1-4. Play the odds the market gives you.
Trading for Wrong Reasons - Don't trade if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no trade to make in the first place. If you are unsure, it's probably because you can't see the trade to make, so don't make one.
Zen Trading- Even when you have taken a position in the markets, you should try and think as you would if you hadn't taken one. This level of detachment is essential if you want to retain your clarity of mind and avoid succumbing to emotional impulses and therefore increasing the likelihood of incurring losses. To achieve this, you need to cultivate a calm and relaxed outlook. Trade in brief periods of no more than a few hours at a time and accept that once the trade has been made, it's out of your hands.
Determination - Once you have decided to place a trade, stick to it and let it run its course. This means that if your stop loss is close to being triggered, let it trigger. If you move your stop midway through a trade's life, you are more than likely to suffer worse moves against you. Your determination must be show itself when you acknowledge that you got it wrong, so get out.
Short-term Moving Average Crossovers - This is one of the most dangerous trade scenarios for non professional traders. When the short-term moving average crosses the longer-term moving average it only means that the average price in the short run is equal to the average price in the longer run. This is neither a bullish nor bearish indication, so don't fall into the trap of believing it is one.
Stochastic - Another dangerous scenario. When it first signals an exhausted condition that's when the big spike in the "exhausted" currency cross tends to occur. My advice is to buy on the first sign of an overbought cross and then sell on the first sign of an oversold one. This approach means that you'll be with the trend and have successfully identified a positive move that still has some way to go. So if percentage K and percentage D are both crossing 80, then buy! (This is the same on sell side, where you sell at 20).
One cross is all that counts - EURUSD seems to be trading higher, so you buy GBPUSD because it appears not to have moved yet. This is dangerous. Focus on one cross at a time - if EURUSD looks good to you, then just buy EURUSD.
Wrong Broker - A lot of FOREX brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your broker.
Too bullish - Trading statistics show that 90% of most traders will fail at some point. Being too bullish about your trading aptitude can be fatal to your long-term success. You can always learn more about trading the markets, even if you are currently successful in your trades. Stay modest, and keep your eyes open for new ideas and bad habits you might be falling in to.
Interpret forex news yourself - Learn to read the source documents of forex news and events - don't rely on the interpretations of news media or others.
Nowadays, it's never been easier to break into the forex market. As opposed to the past, these days all you need is your own computer, a steady internet connection, and a bit of start up capital. You don't even need to risk any real money to learn as you can do it within the safe confines of a practice account online anytime you want. But if you want to make some real foreign forex money right away, there is one tool for trading which you must not overlook.
Roughly 30% of all traders are currently using some form of automated forex trade software to bring in a steady and reliable income from this market. This is software which you run on your own computer which does just that, it automatically trades currency for you. The ultimate goal is to keep you on the winning sides of your trades as often as possible to keep you earning foreign forex money in this market from trends and to minimize your losses around the clock.
Automated forex trade software is adept at doing this and can react to changes in the market faster than any other form of trading around today for the simple fact that it remains constantly connected to and analyzing real time market data, so that when a change occurs it is sophisticated enough to recognize that you'll lose money on this new pattern or not, and trade accordingly when necessary.
I mentioned that nearly a third of all traders are currently using automated forex trade software to secure some automated foreign forex money, this is up from the 17% roughly who were doing it just 5 years ago to show that this is quickly becoming the norm amongst traders. This begs the question, why is it so popular?
Not only does automated forex trade software keep some of the major campaign killers such as human emotions and error from factoring into your campaign because all trading which the program carries out is in direct correlation with how the market reacts and nothing more.
Also, because it's entirely automated, you don't need to tend to it ever or know a thing about the market to enjoy and see something come back out of it. Consequently beginners and casual traders looking to earn some quick and reliable income as well as experienced traders who are looking to supplement their existing trading income have been known to take advantage of it.
Forex software is a hard thing to understand for some people. There are many decisions that can be made from many aspects, and the customization factors may cause some people to shy away and run. The settings are there to allow you to tailor the software to your needs and desires. Each and every possible aspect of the Forex market and your involvement can be tailored to your liking. This may seem overwhelming and sometimes a bit much, but in the end it is you controlling your money and not someone else doing it for you!
Online Forex Software and its Perks!
Using online automated Forex software allows the human emotional aspect of trading to be detached. Greed and uncertainty and impulse can be removed from a situation, where the software will rely on the numbers and trends from recent past trading sessions. The trading is instant and with the time shifting aspect of trading, somewhere markets are always opened. This unprecedented level of access allows the trader additional chances to make profit, without having to conform to normal business hours that may not in fact fit in line with their calendars. The software can also instantly receive informational upgrades. What may take a human minutes and even hours to read, a program can read, interpret, react, and move on in a matter of seconds. Everything from price changes to potential cause and effect price shifts and even just small little shifts can be seen coming by a well written and reliable computer program.
Keeping your best interests at heart is a great policy. If something seems wrong to you, and you think that a potential software program or "business model" someone is offering you may be a scam, well then just trust your gut. Look up the business or anything relevant on Better Business Bureau, or even just simply check out any of the websites online that refer to whatever it is that has caught your eye. If you can see it chances are others have and have spread the word in one form or another.
Beware of False Promises!
Anything that promises you instant, overnight returns is garbage. Forex trading is hard and meticulous work. You will not make millions overnight and larger profits come with work and proper know how. You will learn the ropes as you go and as you take advice from people online and offline that may have some sort of familiarity with the Forex market!
So are you ready to start your own Online Forex Trading Business? You should be. You owe it to yourself and your family to set up an alternate stream of income during these tough times. There are many fine Currency and Forex courses to help you Learn Forex Trading. We have the best of the best that can help you get up to speed quickly and start making money just as rapidly.
We Test Forex Systems and Forex Platforms, Forex Trading Times, Expert Advisors, Forex Courses and Forex Signals to find the best and most profitable Forex information on the web. Read review and get results of tests before deciding on which Forex System, Forex Trading Software or Forex Robot is right for you! See the Best Forex Trading Robots
Is the Forex Maestro robot a scam? I am sure that you have read or even used Forex trading robots that their owners claim can help you make money automatically while you sleep. This software is apparently able to double trading accounts within days and has one of the most advanced trading systems programmed into it. So does Forex Maestro really work so well or is it actually another useless robot?
1. The Truth about Forex Automated Trading Robots on the Internet
Having tested more than 100s currency trading robots and systems, I have found that many work very poorly. Their trading systems are either flawed or that they are too risky as they do not have enough risk protection strategies. I know that I have lost a lot of money with some of them and thus I am very careful about using real money with these robots now. Before you start using any Forex trading software, always be sure to test it on a demo account first before you let it trade with your real money.
2. How Much Currency Trading Experience Do You Need to Have Before You Can Start Using Forex Maestro?
The good news for beginners is that they can start making money with the robot as soon as the install it. All they need to learn are some basics about currency trading and they can do so by reading the manuals included with the Forex Maestro Package. Users will need to be familiar with their own trading platform and should have some general knowledge about Forex trading before they start using the robots.
3. Should You Get the Forex Maestro Software?
Even though I am currently in profit with this robot, you should be warned that it does get its trades wrong at times and will lose money on some days. However, it does seem to have a good long-term trend strategy that ensures that it eventually profits in the long run.
Is Forex Maestro a scam? Visit http://www.hubpages.com/hub/forexmaestroscam to read a FREE report about this Forex Trading Robot to find out the truth before you buy Forex Maestro!
I recently added the Forex Ambush 2.0 to my forex trading toolbox, and based on what I have gained so far, I though a brief review about the system might be in order.
First let us take a look at the Forex Ambush 2.0 claims:
The owners of the technology claim the system is 100% accurate. My first reaction when I visited the Forex Ambush 2.0 website was to disregard such claim as an over-hyped sales pitch. However, after a closer look, I got to see the live trading statements they make available to the public as the trades take place.
Seeing the results displayed in those statements really started shifting my view of Forex Ambush 2.0, however, I kept scrolling down to read everything the site said about the the system, and I was impressed to see a huge number of unmoderated reviews right at the bottom of the home page. I knew they were unmoderated because I wrote a simple comment myself to see if it would appear instantly.
At this point I was not 100% convinced, but certainly these two factors were a compelling reason to give a shot to the system.
What comes in the box?
* You will gain permanent access to a daily trading signals service, which will provide you with specific instructions about the currency pairs you should trade, when should you do it and what parameters should you include as part of each trade order.
* You will receive an EA which is intended to work only as a means of enabling you to set the 5 pip trailing stop you will instructed for each trade (5 pips trailing stops are usually not allowed by most brokers, as most will require at least a 15 pips trailing stop). This EA must be installed in your Metatrader4 trading platform.
Forex Ambush 2.0 Support:
I really had to use Forex Ambush 2.0 support just once, and I received a reply within an hour of having submitted my inquiry. I would presume that they have a team of several people taking care of costumer inquiries, as they are highly responsive.
Forex Ambush 2.0 Guarantees:
The system is backed by a 60 days money back guarantee, which is really standard for most of the products processed through Clickbank, so in case the service does not meet your expectations you will not have a problem getting your money back.
Forex Ambush 2.0 dynamics:
The internal logic behind Forex Ambush 2.0 is obviously proprietary, and although I have dedicated a great deal of time researching how the software that generates the signals works, I have not been able to find technical insights regarding this issue.
However, let us have a look at I have been able to observe by using the system:
* Forex Ambush 2.0 trades all the major currency pairs, which is really a unique feature about this system.
* The signals are usually provided with a 5 pips trailing stop and 20 pips take profits parameters. It is important to have the EA installed in order to enable your trades to be opened with the recommended 5 pip trailing stop.
* Most of the time the trade signals will come by the end of the Asian session going into the London session, with many trades taking place within the US and London session overlap.
* All the trades have to be placed manually, and you must strictly follow the trading rules provided by Forex Ambush 2.0 (this is very important).
For example, if the suggested buy/sell price is below/above the recommended 5 pip trailing stop, and the 20 pip take profit hasn't been reached yet, you should go on with the trade, but if that is not the case you should hold back and wait for another signal. This and other rules are included as part of the service.
Forex Ambush 2.0 Performance
The Forex Ambush 2.0 creators claim their signals are 100% accurate, and believe it or not, after one month using this service I have yet to see my first losing trade. I presume that a bad trade will take place at some point, but until then I have to say their claims do coincide with reality, and all of the other users who have left their reviews at the Forex Ambush 2.0 website seem to be having the same experience.
Therefore, if you are looking for a safe and reliable forex trading system, and you do not mind -or even prefer- placing the trade orders manually, this seems to be the best alternative.
I recommend you to read more about the Forex Ambush 2.0 at this Online Business Review, which I think is fairly accurate based on my own experience with the system.
Article Source: http://EzineArticles.com/?expert=Alex_Cadens
Is the Forex Maestro robot a scam? I am sure that you have read or even used Forex trading robots that their owners claim can help you make money automatically while you sleep. This software is apparently able to double trading accounts within days and has one of the most advanced trading systems programmed into it. So does Forex Maestro really work so well or is it actually another useless robot?
1. The Truth about Forex Automated Trading Robots on the Internet
Having tested more than 100s currency trading robots and systems, I have found that many work very poorly. Their trading systems are either flawed or that they are too risky as they do not have enough risk protection strategies. I know that I have lost a lot of money with some of them and thus I am very careful about using real money with these robots now. Before you start using any Forex trading software, always be sure to test it on a demo account first before you let it trade with your real money.
2. How Much Currency Trading Experience Do You Need to Have Before You Can Start Using Forex Maestro?
The good news for beginners is that they can start making money with the robot as soon as the install it. All they need to learn are some basics about currency trading and they can do so by reading the manuals included with the Forex Maestro Package. Users will need to be familiar with their own trading platform and should have some general knowledge about Forex trading before they start using the robots.
3. Should You Get the Forex Maestro Software?
Even though I am currently in profit with this robot, you should be warned that it does get its trades wrong at times and will lose money on some days. However, it does seem to have a good long-term trend strategy that ensures that it eventually profits in the long run.
Is Forex Maestro a scam? Visit http://www.hubpages.com/hub/forexmaestroscam to read a FREE report about this Forex Trading Robot to find out the truth before you buy Forex Maestro!
Article Source: http://EzineArticles.com/?expert=William_Barnes
The best way to make money at Forex trading is to follow the big long term trends which can make huge profits with leverage on your side but how do you do it? Enclosed you will find a simple trend following system anyone can use and enjoy currency trading success.
If you look at any Forex pair you will see big trends, these trends don't last a few days or weeks, in many instances they last for many months.
If you look at how they start and continue, you will notice they break to new highs or lows, so if you buy or sell breakouts, you have a great way to get in on the trends. Most traders though fail to do breakout trading and it's due to having the wrong mindset.
Most traders want to predict exact highs and lows and this is impossible; when they see a breakout they don't take it because they want prices to pullback and get in at a better price but of most good breakouts don't pullback and these traders fail to pull the trigger and get in on the trend.
If you have a support or resistance line which has held several times and then suddenly breaks, the odds favour a continuation. When looking for good breakouts you need areas that the market feels are important and when they break a trend starts or continues.
The more times an area is tested and the wider apart these tests are in terms of time the more valid the breakout tends to be.
When the break occurs you simply place your stop below the breakout and wait for the trend to develop. Be careful not to move your stop to quickly, keep it back outside of the noise and let the trend run.
If you want to get the odds even more in your favour on breakouts, use some momentum indicators to confirm the move, there are plenty to choose from but we like the stochastic and RSI - Check them out they will only take you an hour so to learn.
Breakout trading is simple to understand and easy to do and you will normally get a few good breakouts a month that can get you in on the big Forex trends and big Forex profits.
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Article Source: http://EzineArticles.com/?expert=Kelly_Price
If you are scraping pennies together, you already know that Currency trading is brutal. It's clear to even the most unsophisticated investor that Forex has risk. It's even riskier for an untrained trader. In fact, it may have the highest volatility of any investment market.
One can easily lose their hard earned cash in currency trading if they are not well trained.
It is downright imperative that you don't go into the trading market "glossy-eyed". In advance of investing think over these tips:
1. Do not invest money into a real Currency account until you practice on a free Global currency trading account. The practice will greatly help with discipline and avoiding any investing errors.
Allow at least 30 days of practice before you even think about getting into the live market. Consider the following statistic - 90% of newbie's walk away broke in the real world. The primary reason for the loss is lack of awareness, practice and instruction. Those remaining 10% of leading global currency traders have been fine tuning their skills on free trading accounts for several years in advance of entering the real market.
Don't think for a minute that you can compete without practice.
2. Never risk more than 2-3% of the trading account. Go on placing as many trades as doable, or letting stock trading robots churn & burn your portfolio.
One important difference between a successful and an unsuccessful trader is that the first is able to bounce back under dreary conditions on the market, while a "broke" forex trader will blow up his account after 5-10 fruitless trades in a row. If you are untrained will take a real beating in this market. Just like me, you probably started out "glossy eyed". You may have envisioned yourself living the good life while the dollars rolled in, and you sat back sipping champagne. Eventually, reality hits and you realize that trading is a little complex. Recently, I asked myself if it was just me, or had Forex investing had become more brutal. I also wanted to determine if the Forex market was still the choice place to invest in these leery times. Of course the market is neither bullish nor bearish, but it does take on its own personality. Having asked myself the best investment options handy, I concluded that trading in the Forex currency market was still the choice option, because you may open a small account, to determine the reality of this business.
If the account performs in a way that you feel comfortable, you can add more your money. Of course the bottom-line is that this kind of account returns wonderfully, 5% to 12% per month. Now, don't misunderstand what I am saying, Forex investments carry substantial risk and are certainly not suitable for everyone. Past performance is no guarantee of future outcome. There are plenty of Day currency traders that lose money, and if you invest in a managed account the following statistic can happen to you. If makes you are sincere about becoming a Giant in this market, it is mandatory that you acquire training and education. So what should the newbie's do? Should they try their luck trading forex and lose their money. If done without education and training, the chances of it happening is exponentially increased. So prior to investing real money, you want to learn what candlestick charts are? What are pips? How you place a buy and sell and on and on. The beneficial thing is that most of the following statistical information is now readily available on the internet. You can download online free eBooks on the foreign exchange market.
There are a desirable number of OTC trading platforms online that give you the opportunity to practice global forex investing using virtual money. Most importantly, you can practice the foreign exchange market without the risk of losing your hard earned cash. With a little bit of practice and education you can start trading in a few short weeks, but take advantage of the 30 day offer. Remember, too that there are now many advantageous global forex investing robots that get made the process of OTC trading automatic. People are making desirable cash from home each and every day trading OTC on autopilot. This is an opportunity that you should not miss if you want monetary freedom and to live the life of your dreams. It is conceivable to reduce your risk additionally by looking for a reputable broker. You would be surprised at how many there are out there.
Currency investing is big business for them too! Remember, some currency trading brokers make a fortune by skimming off the top from traders, in addition to getting their commission percentage. A new investor who is lured by the suggestive allure of lavishness that is to be had in the business would be advised not to trust anybody without sound credentials. Approaching a seasoned broker with a recommendable reputation when you start off would be the perfect thing to do. Remember, FX trading is can be wicked. People spend countless hours learning the ins-and-outs of the market. It's an easy way to lose your hat big time if you don't obtain a little practical knowledge. As an investor, you want to be psychologically strong to be a profitable.
However, I believe that with the right training, guidance, and tools you can become a successful forex currency trader.
Remember, the following:
1. Get a free practice account
2. If, you still find yourself overwhelmed, seek advise
3. Never risk more than 2-3% of the trading account
4. Read, study, and practice every single day
Eaton Sullivan is a writer, researcher,ad Forex trader. He provides trading advise and frequently writes ebooks and articles. He currently advises several successful online marketing ventures. To read more articles written by Eaton please visit http://www.doubleyourcashevery30days.com/
Article Source: http://EzineArticles.com/?expert=Eaton_Sullivan
Forex MegaDroid system was developed by 2 professional traders named John Grace and Albert Perrie. With 38 years of combined experience in the trading rooms of commercial banks, these two people managed to create a system never seen before.
But, what makes this robot stand out from the rest?
Mega Droid has been tested extensively for more than 8 years and its consistency has been proven. That makes it one of the very few systems on the market that can actually return your investment over a long period of time.
Its accuracy is extremely high (95.82%).
In 2009 this software has made a net profit of 330.20% and it's estimated that it will hit the 1000% mark until the end of the year. Its performance in previous years is equally amazing. In 2008 it was 623.84%, 2007 810.70%, 2006 333.20%, 2005 810.70%, 2004 677.67%, 2003 656.52%, and finally in 2002 441.28%.
It uses the completely new RCTPA (Reverse Correlated Time and Price Analysis) technology, which allows it to see into the immediate future (2-4 hours) and predict the market's behavior.
Mega Droid has the unique ability to adapt itself to any market condition and this is the reason why this software can actually outperform every other robot out there.
It offers a 5 minutes guarantee, which means that you can download, install and start trading with it in 5 minutes or less.
You can use it no matter how small your account is. Mega Droid will give you a list of brokers, which allow you to open an account with just 1 dollar.
It's indeed a "Plug and Play" software that will trade automatically for you. This means that you can make huge profits, even if you have no previous experience.
They have a great support staff that will promptly offer their help and answer any questions you may have.
FOREX MEGADROID is different. Its Artificial Intelligence Capabilities make it almost infallible.
To learn more about this software, read this Forex Megadroid Review!
Article Source: http://EzineArticles.com/?expert=Alex_Frost
Explore 2900+ global financial markets – from Gold to the UK 100 – right from your desktop, laptop or mobile phone
Get acquainted with trading CFDs, spread bets and spot forex using our free platforms
Use real market conditions to learn how you can enter the market by buying OR selling
Customise the platform with personalised layouts and charting tools to accommodate your preferences
Access live customer and technical support 24 hours a day, 5.5 days a week
1. Choose your currency pairs
2. Decide how much risk you are willing to take and how much you want to gain
3. Track the time and date you placed the trade.
4. Keep notes describing your strategy and why you chose to enter the trade.
5. Decide how long you want to stay in a trade (hours, days, weeks, months).
6. Why did you exit the trade? Was it at your stated stop or limit level, or did
you get out for other reasons, etc.?
7. Experiment. Remember, you want to make your mistakes on the practice account - not with real money!
Since its inception, CMS Forex’s VT Trader™ has been a
comprehensive and easy to use Forex trading toolkit and
a pioneer in the industry.
Easy access to powerful tools
Highly developed charting technology
Advanced customization
Reuters news and market analysis
Sophistication and convenience set VT Trader™ apart from other Forex trading software.
Today's Forex Strategy Last updated
13 May 2009, 14.30
US consumers wither the green shoots argument. Carry trades are unwinding sharply.
AUD most vulnerable if this trend is to continue as it has come so far.
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Providing unbeatable 24-hour online currency trading execution since 2002
No slippage on market orders / No requotes!
Guaranteed fills.
One click execution.
Spreads as low as 0.5 pip!
No commissions.
Up to 100:1 leverage (1% margin).
Regulated by the FINMA.
Hedging authorized.
With offices present on four continents only ACM gives you true worldwide customer service coverage.
Cutting-edge and fully secure forex trading technology.
1 Account, 4 Trading Technologies! (Java,
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The first online forex broker to
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Forex - Asian Session: FT Reports of Potential US Ratings Downgrade
G10 Advancers and Decliners vs USD
EUR 0.60
CHF 0.48
GBP 0.23
JPY -0.17
The Usd was weaker in the Asian session, as an article in the Financial Times weight on the greenback. The EurUsd traded to 1.3720 from 1..3606,vwhile the UsdJpy traded down to 95.80 from 96.60. The Sterling has been supported by stronger than expect data, breaking decent topside levels at 1.5315. The FT report has an opinion piece by David Walker, the former comptroller general of the US ,...
FT Article Prompts USD Selling
Markets are currently stable, as participant wait for fresh news or data. Overnight, a report from the Financial Times weighed on the USD. The FT ran an opinion piece by David Walker, the former comptroller general of the US , suggesting that the US needs to take immediate action to steer clear of a downgrade in its AAA rating (re-hashing the long-term critique of US public finances). It’s...
24-Hour Online Forex Trading
No Dealing Desk Execution*
Trade on rates provided to FXCM by multiple global banks
Spreads as Low as 1 Pip
Trade Currency From Charts
No Entry Order Restrictions**
One-Click Order Execution
Accept ALL MT4 Expert Advisors
Open a FREE $50,000 Practice Account
Trade forex with super-low spreads, automated execution, and 1K lot sizes. FXCM Micro is only available for individual, self-traded accounts.
Typical Spreads
Under Normal Market Conditions
Currency Micro Currency Micro
EUR/USD 1.5 AUD/USD 2
USD/JPY 1.6 USD/CAD 2.5
GBP/USD 2.5 NZD/USD 2.5
USD/CHF 2.5 EUR/GBP 1.5
GBP/JPY 4 EUR/JPY 2
*Prices and trade fills are automated. FXCM may or may not offset individual transactions.
**Without proper risk management, currency trading has a high degree of leverage which can lead to large losses as well as gains.
