Trading Forex News: March 2010

[postlink]https://forex-tech21th.blogspot.com/2010/03/chart-analysis-eurusd.html[/postlink]I think I will give chart analysis from now on. Its easier to do and easier for you guys to get confused :). First up is EurUsd. Not very hard to trade actually once you know the direction.

Ok lets go to the confusing part. That is the charts.

There you go. Weekly chart for starters. Can any of you guess which way is EU going? From the looks of it, EU is really going down and its a fast one. Easy isn't it?

Next chart please. 1 chart isn't going to get anyone confused.

Next is the Daily chart. Guess what, daily is also pointing down but at the moment it is in oversold position. CCI is way down there and making a U turn. Expect correction at daily level. So far 2 charts says EU down with a correction coming.

Another chart. Anyone confused yet???

This is the hourly chart. We can see where the correction is. Its really climbing now. So before anyone get anymore confuse I would say wait for the hourly chart to point down then you sell. Plan for the worse hope for the best. Keep your money management tight and you may survive the storm.

Btw dont sell EU yet. That sell line is for me to mark S&R. If EU do go down next target is 1.30 and 1.25 based on S&R on weekly chart.

Now the question is, how long do we have to wait before selling EU. The answer is I dont know. Just wait and see. It is what Forex is. Anyone here still confused?? I do :)

CHART ANALYSIS - EURUSD

[postlink]https://forex-tech21th.blogspot.com/2010/03/its-not-pips-but-profit-in-forex.html[/postlink]You can actually tell if someone is new in Forex by the way they count their pips or profit. When people starts forex they count pips. They can have hundreds of pips a day and yet their profit is low. This is due to the low risk reward ratio they have taken.

Once you are older in Forex, you will see the ratio. No point of taking hundreds of pips when the profit is low. So you start to take high risk high return trade. These trades do not give you high pips but the profit margin is high.

That is how money is to be made in Forex. You actually manage your risk and take profit from it. For today as of now, I already taken 3 trades. 2 profit trades and 1 lost trade. My account grows 37%. Not bad for a slow Monday.

For the answer to Forex, once you know it you will feel helpless. No matter how smart or brilliant you are it counts for absolutely nothing here. I have Banking and IT qualification. Did that help me? 2 different qualification did not help me one bit here. Made me want to cry when I found it out.

Hunt pips but count profit. Good Luck

ITS NOT PIPS BUT PROFIT IN FOREX

[postlink]https://forex-tech21th.blogspot.com/2010/03/next-up-eurgbp.html[/postlink]EurGbp is going up so those of you who have the guts do buy EG at every dip refer to chart 1H or lower to view.

I got lots of email and calls asking me about the secret of forex and how to trade. What if I tell you the answer is not as u expected it to be. Some people even rejected the answer when I told them.

I dont blame them. When I found the answer I feel like Im going to cry. Its hard to accept something the logical mind cannot understand. In the mean time, take it slow and enjoy the ride.

People say seeing is believing. 2 post already TP. Another 1 more for weeks to come. Forgot to mention. Possible retrace at the price in the picture. So TP at will reentry on next low.

NEXT UP EURGBP

[postlink]https://forex-tech21th.blogspot.com/2010/03/eye-on-audusd.html[/postlink]AU manage to hold its level when both EU and GU fall down dramatically. Do look at the daily chart to see what I mean.

Some of your might not understand what it means and so do I :) Dont worry, the longer you are in Forex the more info you will filter out. This is coz some things are not worth understanding.

The reason I am pointing this out is when a pair is making a stand like AU, you can actually use it to your advantage. Advantages such as:

1. The next time AU decide to fall down there is a high probability the EU and GU will crash but there is a limit to everything.

2. The next time EU and GU start to climb, AU will fly.

Keep that in mind coz I do. I am waiting for the AU to fall or fly.

AN EYE ON AUDUSD

[postlink]https://forex-tech21th.blogspot.com/2010/03/lost-in-forex.html[/postlink]Have you ever been lost in Forex? Some of you might be thinking, how do i get lost in forex?? Let me ask another question. Have you ever open a trade in one direction, after some time open a trade in the opposite direction?

Im sure that happens to all of us, myself included :). That is lost in Forex, where we are unsure of direction of trade. Some people even hedge in the situation.

I have a few tips when you are lost in Forex.

1. If you are lost and dont know which direction to trade, the most important thing is to stop trading and do something else. Go plant a tree or play games. Dont even look at the charts anymore to avoid confusion.

2. Is to take a trading system and put it on multiple time frame. I trade using the same system on 3 timeframe. 15m, 1h, daily. When all three is pointing at the same direction then I trade. If 2 timeframe is pointing at the same direction then i scalp.

3. After sometime, your brain will start to imprint patterns of Forex. Forex has the same pattern over and over again. In our mind, that pattern has been imprinted and it influence our decision making subconsciously. Once you reach that state you will rarely get lost in Forex. You will know the exact time to trade or to get lost (do something else).

I will try to update this blog. Been so long and so busy with new place. As for Forex, USD pairs are going nowhere at the moment with a high probability to go down further. Good luck on your hunt for pips

LOST IN FOREX

[postlink]https://forex-tech21th.blogspot.com/2010/03/day-trading-forex-currency-5-tips-for.html[/postlink]Day trading forex currency is becoming a more and more popular way to make money. Forex is the foreign exchange market where trillions of dollars worth of currencies are exchanged worldwide every day. Money is made by exchanging one currency for another when you think that the values will change, and then exchanging them back at a profit if this was successful. Day trading systems involve opening and closing trades within the same day, although many day traders work on a much shorter timescale of just a few minutes.

Some people become involved in forex day trading because they only have a short time available to trade. One advantage of the forex markets is that they are open 24 hours Monday through Friday, so you can hold down a job and trade in the evenings. Other traders become successful enough to do this full time. The fast and furious atmosphere provides a big rush, and although it is risky, there is the potential to make a lot of money very fast.

Of course you cannot just jump in and make tons of money. You will need to know something about currency trading and have a profitable system that tells you when to open a trade, when to close it and how much profit to aim for.

Here are our top 5 tips to help you make the most from day trading foreign currency.

1. Choose your broker carefully.

Some brokers do not like day trading and will close your account if you make money this way. Others are fine with it. Check this out before you open an account to save yourself a lot of time and frustration.

2. Start with a demo account.

Most brokers will provide a free demo account and you should start implementing your system with this. This will help you get to know the trading platform thoroughly and understand how to the make the most of your system before you ever risk any real money.

3. Plan your trading time.

You cannot be sure of having a trading opportunity right when you want it so it is important to be prepared through all of your potential trading time. Arrange not to be interrupted and minimize distractions by switching off your email and phone. See what is happening in the market including major world news. Check whether any financial reports are due during your trading time. A report being released when you did not expect it can lead to disaster!

4. Improve your analytical skills.

The fast moving world of day trading almost always relies on quick and accurate interpretation of charts and financial data. You do not need to be a math genius because most of the calculations are done by the software. You just need to understand what you are seeing and make confident decisions based on the data.

5. Stay level headed.

All forex trading relies on maintaining calm judgment, without being swayed by our hopes and fears. The fast pace of day trading makes this even more important. You must be able to apply your system patiently and consistently without being carried away by greed or panic.

Remember that day trading is risky and money can be lost as well as made. Be sure you have your system tested and these tips fully mastered if you want to make big money by day trading forex currency.

Day Trading Forex Currency: 5 Tips For Making Money

[postlink]https://forex-tech21th.blogspot.com/2010/03/forex-online-system-trading-software.html[/postlink]

A forex online system trading software package is something that will definitely give you an advantage when you are doing foreign exchange activities on the internet. Forex trading has reached the level where you can actually get a forex robot to do the activities for you and make decisions that will not lose you money, but will only get you the profits that you are looking for. If you don't already use a forex online system trading software package that can help you with your online trading needs, maybe this is the time to consider one. Here are some of the advantages why a forex online system trading software package may be a fit for your forex trading activities:

Perfect Tool

By going online to do foreign exchange trading, you are exposed to a whole amount of information and a huge market that you can invest your money in. This means that as you receive information about foreign exchange, you can use this information to get you the best deals in the trading decisions that you make. Remember, though, you don't always have the time to receive these signals and analyze the different information that comes in through your computer. This is why a forex online system trading software tool may be the perfect answer to your needs. With this software, you can use the various settings and tools to help you determine signals, analyze them and find out if they can get the best profit for you, and make the appropriate trading action to get you that profit. All this can be done through purchasing a forex online system trading software that will do your work even while you sleep!

Software That Never Sleeps

You will sleep but your forex online system trading tool will not. In fact, you can keep it running on your computer 24 hours a day and 7 days a week if you like. You can even make the settings where it would start trading in a particular market at certain times of day only, especially if you have limited yourself to a particular currency to trade in. With a well-designed forex online system trading tool, you can easily get the profits you need without even having to be behind a computer all day just to make sure that it happens!

Software With Trial Periods And Demo Accounts

The best part of available forex online system trading software today is that many of these systems are offered with a free trial period where you can spend time tinkering with all the different tools and settings of the tool until you familiarize yourself with it. Familiarizing yourself with the software will expose you to the different software features and help you decide whether this is the best forex robot for you. You can even put up a demo account that will help you trade pretend money so that you can get used to the forex online system trading first.

Forex Online System Trading Software Can Make Your Investing Easy

[postlink]https://forex-tech21th.blogspot.com/2010/03/best-currency-traders-free-trading.html[/postlink]If you want to learn Forex, you should learn from the best currency traders and in this article, we will look at one such group which went on after just two weeks training, to make hundreds of millions of Dollars. Before we look at the trading strategy, let's look at the background to their education.

Richard Dennis was an experienced trader, who set out to prove that anyone could learn to trade quickly and make money, regardless of their sex, age or educational background. He got a group of people together which included - an actor, a security guard, a lady auditor, a kid fresh from high school and a professional card player, to name just a few of the group.

The training began and after two weeks, he had taught them the strategy they would use and they then went on to trade. The rest is history, as the clocked up gains of $200 million, in just 4 years. Now these traders learned quickly and were spectacularly successful so how did they do it? Dennis gave them a simple system and it's a fact that all the best trading systems are as they have fewer elements to break than complex ones; he also based it on sound logic which was following long term trends via breakouts which is a great way to trade.

The real key to success though, was giving them the right mindset which was to accept far more losses than profits but to have the discipline to keep losses small and have the courage to run the big trends.
Anyone can learn a simple system but getting the right mindset proves difficult for most traders - they simply cannot accept losses and run them and on the other hand they don't have the courage to run their profits and this leads to losses long term.

The good news is being disciplined is a choice and its a choice which any trader can make if they want too. If you understand this article you will now understand, why anyone has the potential to win but most traders fail

Best Currency Traders - Free Trading Advise From The Millionaire Traders

[postlink]https://forex-tech21th.blogspot.com/2010/03/best-forex-strategies-3-proven-ways-to.html[/postlink]Here we are going to give you three of the best Forex trading strategies which are simple to learn, easy to apply and make big gains - Let's take a look at them in more detail.

The way you apply these strategies can be very simple - all you need to do is learn basic chart patterns and add two or three indicators to confirm your trading signals and your all set.

1. Forex Trend Following

Today, trend following has gone out of fashion with novice traders because they think they win trading the market noise so they scalp or day trade and lose. The savvy trader trades less, makes more money and spends less time on his trading by locking into the big trends that last for weeks or longer.

The big trends are there on any chart and the reason currencies trend long term is the economic cycle that is reflected in a currency, lasts a long time and that will never change. If you want get into all the big bullish trends focus on the way they all start and continue and that's by breaking to new highs. It's a timeless simple way to make money and I have written on the subject of breakouts frequently, so check out this method in more detail.

2. Forex Swing Trading

This requires less discipline than trend following making it ideal for novice traders and its based on the fact that all short term price spikes are caused by emotion pushing the price to far to fast, prices soon return to fair value and the swing trader hits overbought and oversold levels and trades into them.

Swing trading involves looking for a price spike up or down and isolating an area of support and resistance and then waiting for momentum to turn and the level to hold and then he enters his swing trading signal. The swing trader then enters his trading signal and takes his profit quickly; a typical swing trade lasts around 2 days to a week.

Keep Your Method Simple

Simple strategies work better than complex ones and trend lines and a few indicator, are all you need to win, make a strategy to complex and it will have to many elements to break. In Forex there is no way to beat the market with science so don't look for the hidden order of the market - there isn't one. In Forex you are trading the odds and if you trade them correctly, by running your profits and cutting your losses you can make big profits, in about 30 minutes a day - good luck!

Best Forex Strategies - 3 Proven Ways To Make Big Gains In Forex

[postlink]https://forex-tech21th.blogspot.com/2010/03/forex-trading-made-simple-how-to-make.html[/postlink]Forex trading can it be really made simple, when 95% of traders lose? The answer is yes because the people who lose don't understand what's required to win in terms of FX education and mindset and it's a fact, anyone can learn to win if they want to and this article will show you how.

Let me start with a story and its to do with a famous experiment conducted by Richard Dennis he believed that anyone could learn to trade with the right guidance and he proved his point by, teaching a group of novices to trade in just two weeks and the rest is history as they went on to make several hundred million dollars. Were these guys nerds or geeks? No, they were just ordinary people - a security guard a lady clerk and a kid fresh out of high school, to name just a few.

Now before we look at how they made money, lets look at what a huge group of novice traders do which is to trust their money to a cheap Forex robot. This group of losers, believe that by spending a hundred dollars or so and making no effort, they will become rich and they all lose. These systems cost so little because they don't make money and if they really did win, 95% traders wouldn't lose money.

Of course as in any profession, you need to make an effort and while some study is necessary for the amount of time you have to put into your trading, the rewards are enormous, as the students Richard Dennis taughtm showed in terms of their trading results. More good news is that the best Forex trading systems are simple not complex; if you make a system to complex it will have too many elements to break.

The system Dennis taught was a simple long term trend following strategy which was based on breakouts and it's easy to understand but quite hard to apply and the reason for this is it has far more losing trades than winners and it takes courage and discipline to cut losses and run profits.

Most traders can't take losses and let them run and over ride their trading signals and lose but if you can't follow your system with discipline, you don't have one. All the traders taught by Dennis said learning the system was far easier than applying it and this is true for most traders.

The reason 95% of traders always lose is really down to the wrong mindset but the good news is getting the right mindset is a choice and it's one you can make; if you combine the right mindset with a simple Forex trading strategy, you can make big profits.

Many people, try to make Forex trading much more complicated than it really is and hence the article title Forex trading made simple - it is! As you can see from this article, anyone has the potential to win at Forex and you don't need a college education to do so.

Forex Trading Made Simple - How To Make Triple Digit Gains In 30 Minutes A Day!

[postlink]https://forex-tech21th.blogspot.com/2010/03/online-fx-trading-3-critical-areas-of.html[/postlink]Back testing your trades is a critical component of the long term health of your system. However, if you're a Forex cowboy, no need to read any further. You're not into figuring out what went wrong last year, you just grab a super-duper new trading program and yell "Powder River, boys...let 'er buck!" Back testing isn't your game.

For you traders that really want to keep the process tuned up, back testing is a must. You can learn a lot from your performance ups and downs of previous years. Of course, the market dictates most of the activity, but your programming actions at crucial times could be the difference between a healthy account and a margin call.

Here's the best I can do for you on a definition of back testing. It's a method of simulation of your relevant past trading data in order to test it's effectiveness. Most technical strategies are static and unless they are re-programmed, will operate in the same manner going forward as they did in the past. Backtesting will show these tendencies and help you correct them. We all know that assuming that the same things that happened in the past will happen in the future, is a basis for trouble.

I believe that so much emphasis is placed on exotic theories that back testing is sometimes overlooked. Take some time to work on these back test areas, and you'll see a noticeable difference in your performance.

1) Entries and exits: This is probably the easiest area to back test. You can follow the previous market performance to see if you're jumping the gun or bailing out too early.

2) Leverage and cash management: Knowing when to use your margin to best advantage. It's easy to trace the times when you were over-leveraged at crucial opportunities and didn't have the cushion to make the most money. Your money model can be tested to see when you reach certain trigger points...and how your strategy worked.

3) Your trading psychology: This is sometimes the hardest pill to swallow. Back testing will show you your mental strengths and weaknesses. Do you let your emotions get out of hand? Are you too aggressive or too timid? Are you too easily influenced by what others think? As you back test, place a high priority on studying yourself, as well as your program.

When you back test your patterns, it's much easier to see areas of improvement that need to be undertaken. Without back testing, you're liable to develop a crisis of confidence in yourself and your system. When you start to lose confidence, you begin wholesale tinkering throughout your trading program. This is a bad mistake and will cause you to lose money. Back testing allows you to pinpoint areas of improvement, without throwing the baby out with the bathwater.

Online Fx Trading: 3 Critical Areas Of Improvement

[postlink]https://forex-tech21th.blogspot.com/2010/03/forex-trading-tip-how-to-make-big.html[/postlink]This Forex trading Tip is all about learning Forex quickly and making bigger profits in less time. Many traders think that the more effort they make and the more complicated they make their trading the more money they will make but nothing could be further from the truth - Lets look at how to make bigger profits in less time in more detail.

Many people don't understand that Forex markets cannot be predicted in advance and applying complicated scientific trading systems is doomed to failure - Forex trading is an odds market and simple systems will be more effective than complex ones, as they have fewer elements to break. All you need is a simple Forex trading system which contains just a few indicators and robust money management and your all set to make big gains.

When trading currencies, you have to choose a time period and most traders choose to scalp or day trade. This form of trading is a lot of effort and requires constant daily work but the problem is all volatility in daily time frames is random - you can't get the odds on your side and that means you will lose money.

If you look at a chart, you will see trends which last for weeks, months or even years and if you focus on getting in and holding these trends, you can check prices once or twice a day only. This method of trading will give you, bigger profit potential and even better, you will spend 30 minutes or less on your trading per day.

The real key to success with any system is to trade in a disciplined fashion - you need to cut losses and run profits and execute your trading signals as your system dictates at all times. Most traders can't do this - they run losses and hope they turn around, cut profits early, over ride trading signals and swap systems continually, in search of the perfect system which doesn't exist.

Choosing the right mindset, has nothing to do with intelligence, it's just understanding what is needed to win and making the choice to be disciplined - anyone can make this choice and if you choose to be disciplined trader and you have a simple Forex trading system which follows long term trends, your on the road to a triple digit income in 30 minutes a day.

Forex Trading Tip - How To Make Big Triple Digit Profits In Less Time

[postlink]https://forex-tech21th.blogspot.com/2010/03/your-own-forex-mini-account-what-do-you.html[/postlink]There's no doubt that a forex mini account is one of the necessary tools you need to have in the currency trading business if you want to be able to leverage your success even more. There are plenty of things that you need to consider when it comes to trading and doing it all on your own manually can be a hard and tough thing to do. You need to remember that currency values are always fluctuating and before you know it, you might already find it hard to understand which ones are those that can really help you make your business stay on top and keep it stable.

With a forex mini account, you can easily compare and contrast different business values. You can also easily see if the spreads are rightfully arranged to your advantage and if the trade sizes as well as their corresponding pairs complement each other. You also need to deposit the right amount of values in the account so that you can be sure it is something that really fits what you need to accomplish. These days, there are many different ways in which you can obtain the best forex mini account for you. But the question that remains unanswered is which one is really the right fit for your business purpose. Here are some good tips you can use:

Decide whether you are going for a free or a paid account

There are two different ways to get a mini account and you can choose to either have something that is paid or something that is free. Although there might be some benefits in terms of financial investment, you might not be able to demand as much when you have chosen a free account. There might be technical limitations and requirements too (on your part, skill-wise) for you to make a free account work seamlessly.

Get to know the developers behind the account

It would always be best to consider getting an account from a trusted source. This way, you know that the person or group of people who have created the account really know the forex business. One of the things you needed to take note of is how involved the developers are when it comes to doing currency trading as well as their expertise in terms of creating technical databases. This is pretty easy to identify these days since most account developers already have their own website where you can check for updates.

Try to research as much accounts as you can

Create a list of all the mini trading accounts that you are considering or even just came across with. This can help you figure out which benefits you need versus the ones that you really can do without. You can also try to read up on blogs or review sites for the mini accounts that are tried and tested by other traders like you. You can also try joining or looking up in online forums for possible topics related to your forex mini account of interest.

Your Own Forex Mini Account – What Do You Really Need To Get One

[postlink]https://forex-tech21th.blogspot.com/2010/03/forex-trading-tactics-basics-of-forex.html[/postlink]

The FOREX or Foreign Exchange market is not a “place”. Instead, it is the collective total of all currency traders around the world. Because currency is required to pay for goods and services anywhere in the world, travelers must be sure to have an ample supply of currency on-hand in order to function daily while abroad. Since most vendors in a country only accept the local currency, travelers are required in most cases to exchange the currency of their country for the currency of the country in which they are travelling. This forms the basis of the forex market.

The forex market is the biggest financial market in the world (trading the equivalent of around 2 trillion US dollars every day, way bigger than the stock market). The exciting thing about the Forex market is that there is no single central trading location. Foreign currency traders operate in the major financial centers around the globe. The Forex market runs over five days a week, 24 hours every day with all transactions occurring electronically across the globe at all hours.

Forex Trading Methods:

The spot market. Currencies are bought and sold in the spot market. The price of any given foreign currency depends upon many factors, but is essentially dependent upon supply and demand. Supply and demand are affected by political and economic conditions, interest rates, and speculation on future performance of a particular currency. An actual spot deal is a transaction in which one party hands over a specific amount of one currency, and in return receives a quantity of another currency at an exchange-rate value that both parties agree upon. The idea being that one party or another feels that the currency they are holding will be worth more in a future trade.

Spot trading is the most common form of forex trading, and is the focus of most articles discussing forex trading tactics. Larger entities will also deal in the forwards and futures markets as a way to hedge risks. Forwards and futures are trades that involve contracts with settlement dates… not actual currency.

For investors looking to delve into the world of forex trading, it would be wise to note that the spot market has matured on the back of modern technology. Trades are computerized which makes this a very fast-paced venture. Because of the pace and complexity of this market, the savvy forex traders all use some form of software to manage and maintain their transactions.

Forex Trading Tactics - The Basics Of Forex Trading

[postlink]https://forex-tech21th.blogspot.com/2010/03/so-you-want-to-get-involved-in-foreign.html[/postlink]

The preeminent forex broker for day traders (i.e., average Joes) is FXCM. As of June 2009, there is in excess of $600 million in customer funds trading on platforms offered by FXCM. Over 150,000 live accounts trade through trading platforms offered by FXCM from over 150 countries, with an average of 8,000,000 trades executed each month; moreover, customer support is provided in over a dozen languages.

FXCM has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com

There are dozens of other brokers, though, who service day traders. It's done almost exclusively online, and in fact ordinary citizens rarely got involved with forex trading at all until the computer boom of the 1980s, and then exponentially more with the advent of the Internet in the 1990s. Since then, forex brokers have proliferated.

As you might expect, levels of reliability and competence vary from one broker to another. The Internet is rife with unsavory types seeking to take advantage of suckers, so you would do well to investigate thoroughly any broker you're planning to use. Does their Web site look professional and reassuring, or is it riddled with dead links and spelling errors? Google the broker to see if they've been mentioned in news articles. Ask about their track record. And above all, avoid anyone who promises things that sound too good to be true, or who downplay the financial risk involved in forex trading.

Look for a broker that seems to genuinely want your business. Does the firm have customer service representatives available? Is there a phone number you can call to speak to a live person? The Web site should explain things clearly. If the site is full of language that seems designed to go over your head, look for a different broker. If you set up an account with an online forex broker, it will work like this. First, you must apply for an account, which most brokers allow you to do online. This is to verify your identity and the validity of your bank accounts and financial records. Some brokers also require you to download their forex trading software, while others let you use whatever software you prefer. You will also have to transfer a minimum deposit to your account with your new broker. The minimum can be anywhere from $100 to $2,500.

Ideally, the broker you choose should offer service and support when you need it but should mostly simply stay out of the way and let you conduct your business. If you can find a forex broker who is professional and helpful, your experience in the forex market should be full of smooth sailing

So You Want To Get Involved In The Foreign Exchange Market

[postlink]https://forex-tech21th.blogspot.com/2010/03/forex-money-trading-strategies-that.html[/postlink]

Before you get into forex money trading, sometimes it is best to find out if this is the trading system that best works for you before jumping into the whole deal wholeheartedly. The foreign exchange market is one of the most dynamic in the world, and this is good because it means that you can make a huge profit from it if you only play your cards right. If you are new to foreign exchange, getting into it is not very easy, but there are steps that you can take so that you can find out if forex money trading is something that you can do for a long time.

A Broker

If you don't want to do the actual foreign exchange trading yourself, then you should definitely find the perfect broker that will help you with it. You will be able to find thousands of forex brokers out there who are willing to help you out and invest your money wisely in the forex market to only get you profit that you want. However, this also means that you will have to trust someone else to do your forex money trading for you. This also means that they may lose or make money and you will have to accept it when the good and the bad happen.

However, getting a forex broker may be one of the best things to do right now because they can help you get your foot into the system and slowly learn more about what is happening in the foreign exchange market. Maximize your broker by asking lots of questions and learning about what the nuances are in the foreign exchange market where your money is. The more you learn, the more confident you can be to start letting go of the broker and eventually doing the forex money trading yourself in the future.

A Forex Robot

There are also some forex money traders who opt to jump in directly by using a forex robot to help them make the right decisions. Forex robots are used by both seasoned and beginning traders and will do their foreign exchange trading online through a particular software that will get the forex market signals that will help you make decisions on whether to trade your money or not. The best part of forex robots is that they are generally easy to use and they will do all the work for you! In fact, even while you sleep, your forex money trading robot will do your trading at settings that will only get you profits as it trades your money. A forex robot will help you figure out what the market is all about along with the guidance of forums and brokers who will give you advice now and again about the forex market.

It is advisable to find out if there is a demo period on the forex robot that you are interested in before purchasing it. Alternatively, find out if there is a warranty that you can avail of before you buy the product, just in case you are not satisfied with it. With the demo account, you can test out the forex robot and see if it does the forex money trading that you want it to, exactly how you want it to. If you are not happy with the way it does forex money trading, then you don't even have to get it at all!

Forex Money Trading Strategies That Work

[postlink]https://forex-tech21th.blogspot.com/2010/03/can-forex-robot-ea-be-profitable-robot.html[/postlink]

Now, the forex robot debate is highly controversial, but we have to look at this realistically. Since when has earning money been a simple task?

The issue with a Forex Robot EA is that users go in expecting to do nothing and earn money with forex expert advisors. This is not the case, yes, money can be made with currency trading, and if your good, lots of money. Yet, you have to know what your doing and have a good team of people behind you to help ensure your success.

There are a few reasons why people believe that robots are simply are a 'forex scam:'

The people purchasing these systems do not have the knowledge to implement, apply strategies or even the knowledge on how to select a forex robot.

The majority of affiliates and their robot forex review sites are full of lies and don't offer an experienced point of view.

The software vendors take advantage of users with little to no knowledge by promising tremendous gains without actually having the statistics or the strategy to back it up.

This is not always the case but you do have to watch out for all of these issues. I am here though to offer a solution. Go check out expert opinions, here at Forex Robot EA and send them an e-mail, ask them what they think. The Forex Robot Nation team will help you find the right forex software for you. From basic users to advanced users the website caters to all people looking to become involved in currency trading.

If you don't have the knowledge they will tell you to start with a basic system. If you do know what you are doing then they will tell you to purchase a more advanced forex robot and then inform you on what to watch out for.

Just make sure you ask questions, email everyone you can and quiz them. Make sure they know what they are talking about and good luck with forex robot trading.

Can A Forex Robot Ea Be Profitable - Robot Forex Review

[postlink]https://forex-tech21th.blogspot.com/2010/03/forex-scalping-fastest-way-to-finance.html[/postlink]Forex scalping is the most popular trading style at the beginner and average traders. Why? Possibilities of large profits in the short time attracted the attention of the beginner and average Traders.

Another thing that is important is if the fact that with a small investment we can make a large amount of money. Some people equate gambling with scalping, which of course is not true. To be a successful scalper, you must have quite a broad knowledge of technical analysis, because it is base of forex scalping strategies.
If you are trade stock, options, etc. Probably you have a basic knowledge that is necessary to start.

Excellent scalping strategy combined with appropriate indicators with a solid knowledge of technical analysis is a good base to start learning scalping technique. In the beginning, do not try to make your own strategy, as necessary for the great experience. It is best to buy or find free scalping strategy that will help you understand the whole concept of forex scalping.

You will find many free scalping strategy surfing forex websites, the best scalping strategy I've found produce nice results, it's superb forex scalping strategy.

Although this style provides an opportunity for large profits in a short time with relatively small investment, I think this is the hardest of all trading styles. If you are persistent and dedicated I am sure you will find way to become a successful forex scalper, so you will have the independent financial freedom

Forex Scalping The Fastest Way To Finance Freedom

[postlink]https://forex-tech21th.blogspot.com/2010/03/forex-day-trading-system-how-to-get.html[/postlink]Day trading is one forex strategy that you might want to consider. However, it should be noted that this type of trading strategy can be more demanding and fast-paced than the usual forex system. You would need to easily find the best values online and be able to trade them across different platforms. There are many ways in which you can do this but the day trading system offers much leverage because it relies on when the gates are open already for different trading platforms.

Day trading systems are now available online. Some are offered for free, while there are some that can be availed for a specific price. It might be better to consider the latter since you can be sure that there is a support system that can help you and it might also be easier to use as compared with the free one. Since it is also paid, you can have more assurance that you would not experience down times especially during crucial trading moments. To help you choose the best kind of day trading system, here are some tips that you might want to follow:

Canvass prices first

Since there is money involved, you might want to consider first and foremost how much budget would you need to allot for this investment. Start by looking at all of your options. Consider a comfortable price list for you. When you get all available prices, it will also be easier for you to compare and contrast the features that you would need for your own system. This is going to help make it easier for you to figure out what makes the price list as such and you can also start crossing off items that you think might not really be needed in your system.

Get yourself familiar with the features of a day trading system

Do some research first especially if this is your first time to get such a trading system. There are lots of resources online that you can get. You can try posting in online forums to see which trading system will be perfect for you. You can ask them for inputs and try to see what recommendations are you supposed to get online. You can also look at reviews that have been posted regarding the different day trading systems now available in the market. This would help give you a better idea which kind of trading system is a good fit for you and your business.

Consider system requirements

Take a look at the technical features of the day trading system. Check if your computer can handle the technical features that are required to make it work. This way, you can really figure out if the system would run as smoothly as promised using your own computer. There may be graphic issues or lags happening if the requirements do not fit with each other. In relation with this, consider a day trading system that also assures you of on-time customer support services.

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