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Forex Trading Robots – The Single Reason Why Most Lose Money and How to Find a Winning Bot!

Forex Trading Robots – The Single Reason Why Most Lose Money and How to Find a Winning Bot!

The vast majority of Forex robots lose money and there is a simple way to spot the ones which will lose, by just checking one key point. Most traders don’t bother checking it and they lose there money. Lets take a look at how to spot losing Forex robots and how to spot a winner.

If you were learning to drive a car, you would inspect your driving instructor to have passed a driving test and in Forex, if you buy a robot you would have expected it to make REAL money and see independent proof but most robot track records are not even real and they have never made any real money in the market; this is what you get:

Back tests over historical data knowing all the highs and lows and closing prices! How hard is it to make money knowing this data – its easy and vendors just bend systems to fit the data in hindsight and of course, when they don’t know the closing price in advance and the bot is traded for real the market destroys it.

You also get so called “live results” there not live and the other problem is the vendor gives them to you and your supposed to believe them, with no outside audit. A quick check around the forums reveals that, users are bemused their not getting the same results! Wonder why that is?

If you are buying a robot, you need to know its made real money and actually comes from a trader because most robots are made by computer programmers who have never traded. One such robot is the Turtle trading Robot which is based on the rules multi-millionaire trader Richard Dennis developed for a group of novice traders to use. These traders used the rules and made over a hundred million dollars with them. These rules are now contained in the Turtle trading robot.

This robot has another great advantage, not only has it made money but you can read the rules and the logic there based on before you buy, so you can decide if you think it will make money for you.

If you are interested in trading and want real performance,rather than made up track records based on back tests and unverified figures from the vendor, get the Turtle Trading robot and get on the road to long term trading success.…

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Trading the S and P 500 E-Mini Futures Contracts – During Economic Announcements

Trading the S and P 500 E-Mini Futures Contracts – During Economic Announcements

10, 20, 30% (or more) return on investment… in a few seconds?! That was my reaction the first time I heard about announcement trading.

These economic announcements occur almost daily and cause a lot of price movement (profit opportunity) within a very short space of time. For example, a 5-point movement (possible 50% ROI) in a few seconds is not uncommon. Why not learn how to trade these announcements properly, instead of leaving this sort of money on the table? There is a lot of profit to be made by trading during announcements, if you have the right technique. The right technique can be learnt, like most attainable skills.

As with many things, it is only impossible until you know how. Many ‘seasoned traders’ have often told me that it’s not possible to trade announcements, because of slippage, fast price movement, volatility, etc. I might find their argument convincing, if I wasn’t actually successfully doing it myself. For me it was just a matter of being taught how to do it, by those who knew how to do it – simple.

I find that the S&P 500 E-mini futures market actually moves quite predictably to market announcements. It’s not about whether the data released is ‘good’ or ‘bad’ but rather how far off from consensus (expectations) the data is. The further off, the bigger the movement usually is. If data comes out worse than expected, the market usually drops, and if data comes in better than expected, the market usually rallies. It is really just that simple.

In order to trade these quick market movements you need a to-the-second news server, support and resistance levels (or ‘prediction points’), slippage-limiting tools in your trading software, the guidance of someone who already does it successfully (useful, if available), and the will to practice, practice, practice – you will eventually get it down to a fine art of success and consistency. A good real-time simulation trading platform is also required, which most good brokers will provide for free.

You will find that announcement trading can become a very powerful earning tool, to be used in conjunction with your other trading methods. I personally trade announcements as my primary profit-taking method, because of the ease and simplicity of it.

One last note on trading this method successfully: I prefer to use the ‘when in doubt, stay out’ approach. I only get into a trade if I’m as sure as I can be that it’s a high-probability trade. Some say nothing ventured, nothing gained. But it’s also true that nothing ventured, nothing lost. Trading is as much about capital preservation as it is about capital gains. This mentality works well for me. Last month (September 2010) for example, I only performed 12 trades, 10 of which I won, resulting in a total 107% net ROI. See my blog for trade details. And please feel free to contact me for further advice, or to discuss futures trading in general. I am always happy to help.…

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Forex Trend Trading Explained

Forex Trend Trading Explained

When it comes to Forex trading, there is no better strategy than doing trend trading. Forex trend trading refers to the entering of position in the direction of the trend and then profit from the movement.

The good thing about trend trading is that currency tends to move in a particular direction for quite sometime and this will give you a lot of opportunity to trade. In fact, some people tend to think of it as getting into a trend at the start and exiting it at the end which is not possible. This is because there is no way we will be able to know when it is at the very beginning or when it is at its very end.

Therefore what we are interested in doing is to buy the dips in an uptrend and sell the rally in a downtrend. If you have been trading for sometime now, you will notice that the market never moves in a straight line. It will move in the form of a wave which retraces and extends in the direction of the trend. What we are going to do is to Buy whenever the price moves down into a dip for an uptrend or we will be Selling whenever the price moves up into a rally for a downtrend.

To better help you identify an entry and exit, you can make use of the stochastic or RSI. Other than helping you with your entry and exit, the indicators can be used to help you reduce the problem of false alarm which is something that is very common. Trend trading has been one of my favourite strategies and if you are interested to know more about it, you can click on the link below to visit my blog.…

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Forex Megadroid – Exploring the Unique Features of Forex Megadroid Trading Robot

Forex Megadroid – Exploring the Unique Features of Forex Megadroid Trading Robot

Of course, there have been powerful forex trading robots before the creation of the Forex Megadroid robot. However, the arrival of this auto forex program brought improvement in certain features of some other auto trading systems that existed earlier. These unique features have brought a difference in the way forex is traded. Indeed, Albert Perrie and John Grace did a thorough job on the fashioning of this robot and have incorporated more effective technology into this software, so that auto forex trade does not rely on historical data alone.

The RCPTA Technology

Albert and John developed an entirely different and new approach to trading forex, factoring-in the powerful artificial intelligence based-technology known as the Reversed Correlated Time and Price Analysis (RCPTA). The integration of this state-of-the-art technology into forex Megadroid has immensely contributed to the high effectiveness of this forex trading robot in terms of accurate prediction and adaptability to the prevailing market condition. The RCPTA is the nucleus of the forex robot under review; this is the first time that a technology of this kind is incorporated into an automated trading system.

Adaptability Feature

Another feature in other forex robots that has been improved with the coming of the forex Megadroid is seen in trading method. Most of the trading software developed before now worked statically – this implied that they used just one static trading technique. In essence, these robots are programmed to work with just a particular market situation which is not an ideal technique for a constantly changing trading environment. However, the forex robot under review has improved on this feature by being able to adapt to any market condition to execute trade. It has the ability to predict the market trend in every 2 – 4 hours and subsequently execute profitable trade. The information provided by this forex software is absolutely reliable and consistent.

To crown it all, forex Megadroid has been able to fulfill the rate of return proclaimed by its inventors, (even higher than the 95% that was stated)in the complete testing period; however some arguments given to this effect is that the testing period was not long enough to make a conclusion on the reliability of this product.

Forex Megadroid has indeed showcased unique features that might be rare to come by in an automated trading system. Read more about this unique trading expert advisor.…

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Currency Trading Systems Are Best When Simple

Currency Trading Systems Are Best When Simple

Forex online trading systems are becoming not just a simple way, but in truth the best approach to extracting earnings in the foreign currency exchange market. They’ve opened up the investment opportunity to a broader variety of traders. This is since the system compiles all of the innovative methods into an simple to implement format.

In order to take advantage of this new possibility, it is essential to know how they work and how they make money by using them. The Forex is the foreign exchange market for buying and selling all varieties of currency. Just as when making trades on the stock market, the goal is to make a profit by determining when it is the best time to buy and when to sell. The utilization of a web based trading system takes the complexity out of this strategy by ensuring that the proper investment choices are made.

Forex online trading systems predict the movement of currency prices based on earlier and the most recent trends. A system will present a way to establish when you enter a position, how long you should hold the currency, and when it is time to cash in, or cut your (hopefully small) loss. While you could make these conclusions on your own, your ability to think rationally may be inhibited by emotions or self-doubt. A trading system though only focuses on factual data which makes it possible for more sound investing choices.

Which of the the best online Forex currency trading systems will be for you?

Of course, it is important to mention that what might work for one investor might not be the best investing approach for someone else. This is why you will need to make sure to research the available trading systems to ascertain which one works for your requirements. The more analysis you do, the greater the results will likely be. It is essential to examine all available options.

Some investors will take their investment and divide it between a handful of software programs, systems, or approaches. The thought process behind this is to see which approach works best and yields the greatest return.

You are going to wonder if it is really essential to rely on Forex online trading systems. It is not mandatory, but it surely is recommended, as you will be working with confirmed methods rather than reinventing the wheel. You may even want to try automated systems that will do almost everything for you.

The Forex market has delivered sizable investment returns for all types of traders. The sooner you find a Forex trading system that works, the sooner you can be generating the cash that you have always dreamed of enjoying.…

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Forex On Autopilot: Trade With Forex On Autopilot

Forex On Autopilot: Trade With Forex On Autopilot

The concept of trading currencies from different countries in order to get monetary gain by volatile nature of currency conversion rates is called as forex trading. The word forex is coined from “foreign exchange”. There are many currencies involved in forex trading. The key players are USD and EUR. You can very well understand why as they are the pivotal currencies in world economy. Trading forex is not as easy as it may sound like. Although selling and buying currencies is not a big deal which you can do via a broker, but to extract profit from it requires a lot of research and hard work. When to buy, what to buy, when to sell, and what to sell are some key questions that need to be answered before taking the decision. Frankly speaking, nobody can be hundred percent accurate to answer all of these questions every time they are asked. The answers not only involve research, knowledge and calculation but it also involves speculations, predictions and of course a fair amount of luck.

Therefore you can very well understand that it is a tedious job and requires a fulltime participation of any individual Sorry to say even fulltime participation is not enough. This is because the forex market is active 24 hours a day, and no human being can stay awake always. This is where forex on autopilot system comes to the rescue. It works as a forex robot to stay active day and night taking care of your forex trading.

Trillions of dollars are traded daily. The forex on autopilot system have the ability to take the call to buy or sell particular currencies. These decisions are driven by complex logics and strategies which are already inbuilt in the forex on autopilot system. The softwares of this kind are very easy to operate and even a layman can start to operate this as they are quite intuitive. Often these softwares offer demo versions in which you will be able to evaluate the system without actually buying it.

The forex on autopilot system can monitor several markets in parallel. It can also control your investments via different trading techniques by intelligent strategic algorithms. This can diversify your investment via multiple forex trading strategies. It has the ability to get advantage from any kinds of markets. Be it choppy or a ranging market, trending or a retracing market, the autopilot system is able to take advantage from any such situations. As per the performance and customer feedback of forex on autopilot systems it can be considered as better than even the best of the forex trade advisors.

Like all automated systems, however intelligent they maybe, they are not always accurate. Although the success ratio is more than just impressive, it can often happen that you end up with a loss. You have to admit that this is true for other cases as well. When you take decisions of your forex trading, it does not always result in a lucrative deal. The forex on autopilot system will definitely help you in most circumstances but you cannot blame it for one off failures.…