Forex Trading Strategies That Can Change Your Life

Forex Trading Strategies That Can Change Your Life

Do you want to trade in the exciting currency exchange, known as the forex market? If you do, there are many things that you need to know, One thing is certain. You need to known which strategies are the best strategies available. Which strategies allow you to make more consistent and biggest profits. Here are the top three trading strategies that professional forex traders use.

The first strategy is the scalping strategy. This strategy has very little risk. But because it has low risk, it has low margin of return. That may seem like a downside, but it steady, repeated profits. To use the second strategy you must first establish a position on a currency pair. Afterwards, you then place a buy or sell stop order to that trade. If there is a large price movement, you will then gain or lose, based upon the change for your pair.

If you want to make profits, follow the market trend. You can see trends by using the something called a pivot point. Assess the forex market to see trends. Once you get familiar with this, you can then place your short to long position based upon your directional bias.

The third strategy is called the three day rolling pivot. The rolling pivot range, acts as a reference point for entering and exiting trades. It shows you how to exit trades that you are losing. It also shows you how to stop a winning trade from becoming a losing trade.This strategy is an easy to follow system.

These strategies should help you to become a better forex trader and to make bigger and more consistent profits.

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Forex Trading Systems and How They Can Help You Win the Forex Trading Game

Forex Trading Systems and How They Can Help You Win the Forex Trading Game

Forex trading systems are actually the strategies that are used by the dealers. These systems are used by them to maximize their profits. Forex traders will always operate on leverage or margin requirements. Usually the margin requirements are 200:1. Simply put the dealer can do trades for $200,000 if they have $1000 in their accounts.

Another system is placing trade through dealers who never ask for margin calls. Margin calls arise when a trader has lost heavily on their deal and now their margin money would be used to substantiate the losses that they have made in the market. Usually the account is suspended when the losses are mounting.

The technical analysis

One of the forex trading systems is known as the technical analysis. It determines the price of the currency based on the past movements. Most traders use this method to find out what the price movement would be. When is the currency likely to reach a peak, what is the likely lowest point etc., this helps them to enter and exit the markets at convenient levels.

The fundamentals of the price get reflected in the price data. For this other factors or the fundamental factors of the trading systems need not be studied by the traders. Since the price movement has a trend that can be predicted, they are known as signals. This systematic approach lets the trader find the market signal to sell and purchase the currency.

The Fundamental approach

The fundamental analysis is another system. It's the core elements that affect the economy and in turn the currency and forex markets. The factors are economic, business, government, climatic, political and many other factors that affect the economy. It's not necessary that all factors should affect this system.

This fundamental approach of the forex systems can tell you whether the currency will appreciate or depreciate and which way the currency would move. But it can't give pin point accuracy of the price movement of the currency. Most traders will use both the fundamental approach and the technical analysis to understand the trends and signals.

With forex trading software, it's become very easy to calculate and understand forex trading systems.

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I Was Making Money in Minutes With Forex Funnel

Forex Trading With a Robot - I Was Making Money in Minutes With Forex Funnel

INTRODUCTION
I was a skeptical as the rest of you when I first heard about Forex and Forex Robots. Yeah right, you just deposit some money in your trading account, load up the Robot and then sit back and let it do the work for you!

Sounds easy and too good to be true, doesn't it?

Well I am living proof that anyone can set up a Forex Robot and make real money within minutes of downloading it. I am a Project Manager in Construction and I take home a SIX figure salary from my day job. I have invested my saving in Stocks and Shares in the past with mixed success and I also invest in real estate.

FOREX TRADING
I like the idea of Forex Trading as an alternative way of investing for several reasons:

No Commission - I am sick of having to make 10% on shares just to pay the broker, Forex brokers make money from the spread not per trade. This also means you can make more trades for smaller gains, they all add up.

Buy and Sell - instead of just making money as a stock increases, with Forex you can make profits as the values go up or down because the currency is traded in pairs.

Autopilot - I can leave it to work on my behalf while I work, sleep and even go on holiday.

Worldwide 24hr Market - There are no closing bells in Forex, I can trade (or should I say the Forex Robot can trade) all day and all night making more profit

Leverage - The brokers will allow you to trade with up to 100X your investment, this means you can take advantage of very small changes in the price.

I also like the fact that you can set up a Demo Account which allows you to trial the system and the Forex Robots without risking real money. When you are more comfortable with how it all works you can put your own money on the line and begin making real profits.

FOREX FUNNEL ROBOT
I read some good things about Forex Funnel and liked that it trades on the USD/JPY pair and not the USD/EUR of USD/GBP pairs which the majority of Forex Robots trade on. I took advantage of the special offer (at the time of writing this 50% off) and the free $100 credit into your trading account making it almost a free purchase!

It really was so easy to set up, even the most technically challenged amongst us will be able to do it. The creators of the software have a very responsive help desk if you need assistance.

You literally download the package, add the specific files to the MT4 Metatrading Software Root Files, Drag and Drop the Funnel Expert Advisor into the USD/JPY Graph, complete the configuration and let it run.

RESULTS
I set up an account with Alpari and deposited $6000. Within minutes the Funnel EA had begun trading as the USD grew stronger and I could see the real time profit indicator. I was in profit literally in minutes!

The next day I woke up and turned the computer on to find that while I was sleeping the Funnel had closed the trade making me a profit, as small profit of $30 but profit none the less. I also noted that it had made another trade, this time it wasn't in profit but the Funnel had realised this and bought in the opposite direction meaning that any future slide would be cancelled out by the second trade. This seemed strange to me, but a few days later they had both been closed out with a profit! This is great.

In less than a week I had made $100 profit on my initial investment. This doesn't seem a lot at first glance, certainly not the sort of figures being claimed by Forex Funnel or other Robots, but if you multiply that $100 by 52 weeks of the year it would give a return of $5200 on the initial investment of $6000. That is a great return by anyones standards.

I am looking forward to seeing how this is going to develop, I am not stupid, I know that the market can bomb, but what I have seen so far the Funnel is clever enough to minimise any impact.

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Forex Robot Program Review

Forex Robot Program Review

Forex Robots are becoming increasingly popular as more and more people flock to the currency markets in search of a piece of the 3 trillion dollars that change hands every day on what is the biggest market on earth. Robots are software programs which either do most of the work for you, the trader, or they do all of it.

The first type of Forex Robot I wish to review is the Expert advisory program. In this case, the software acts as the brains of the operation, finding out the best trading opportunities and presenting you with a strategy for the future. You can then review the strategy and act on what you want. You make the trades yourself. This is perfect for people who don't have a lot of time on their hands but still like to control the trades they make. One of the more renowned programs in this family is Forex Killer

The other type of Forex robots does all of the work for you: from the monitoring to the actual trading. You basically just need to keep an occasional eye on the software to make sure the set-up is correct and running. This kind of Forex Robot can trade for you even when you're not in the room. 2 of the most known of these automated programs are Forex Auto Pilot and Forex Tracer.

Using a Forex Robot does take some learning as each software works a bit differently and also some testing on a demo account just to be on the safe side. Furthermore, don't make the mistake of neglecting your Forex education even if you do use an automatic program. Knowing how the market works is the best thing you can do, robot or no robot. A good knowledge of the market is more valuable than any tool. However, a good program can help to make things easier and a bit more profitable for you.

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Finding a Suitable Forex Trading System

Finding a Suitable Forex Trading System

Understanding oneself and your current situation will determine your trading style and setup, which is crucial for success.

I have been experimenting with different systems from intraday to swing trading, and I found that unless you are a professional day trader, you are not going to be successful with some profitable trading systems if they don't suit you. Probably automatic trading can helps you in another way, but the every day market condition is unique so if we want to make more pips, auto trading would not be able to do what manual trading could.

As a new trader who just started out with Forex earlier this year, I have always been fascinated with fancy setups and beautiful customized indicators. Although many systems are profitable if strictly adhere with its rules, however, if a system does not fit into individual style of trading, we won't be able to make pips nor stick to it 'religiously'.

Everyone of us has different style, and it is particularly important to find out what suits our personality if we want to be successful in trading.

Same like most -if not all- of the new traders who just started out, I am also no stranger to losing trades and seeing my position being liquidated due to over-leveraging the account result of trying to exploit the 24-hour Forex market has to offer. That is, always want to be in the thick of action but I have realized that I don't have the time and energy to do that consistent unless trading is what I do for a living.

So what setups and systems are we going to use if we are doing part-time trading? It depends on what suits you and your current time available for trading. My advice is, if you are not an intraday trader, don't pick up systems that are customized for day-trading no matter how profitable it is because if your conditions don't allow, you won't be able to follow through it consistently throughout the day. You might just miss a winning trade after a string of losses due to your time schedule and other priorities. That would be detrimental.

Right now, I sense that I am going through to the second stage of my trading and I am constantly picking up knowledge from traders around the world in the forums, webinars and books etc. I am looking less at other trading systems now but rather focus on my own EMA trading setup since it suits me the most as I am not a day trader with a large capital nor the time to do scalping during the day.

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Forex Robots - Why They Will Not Give You Success!

Forex Robots - Why They Will Not Give You Success!

Forex robots if you believe the advertising copy means you can pay a miniscule amount of money normally a few hundred dollars and then get an income for life! Does anyone believe this nonsense? Yes loads of traders but its obvious they will never make you money for the following reason...

Never Traded - Never Proven

The aim of these systems is to make you money but they have never done this - when you strip through the copy and delve a bit deeper you will see this!

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading.

Umm, so it's made no real money and of course that's what you're hoping it will achieve and really you should pay attention to the last bit of the disclaimer kills all the hyped advertising...

"Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

So what is the point in having great copy and colorful packaging, when the forex robot has never done what it is claimed to do i.e. make money in the markets?

Exactly - no use at all.

You will find lots of people online claiming they have made money - but they are normally affiliates for the system and they are looking to make a percentage of the sale.

As a trader I get bemused by some of the comment they make trying to get you to buy them like...

It's a robot but be cautious, you need to practice with it otherwise you will lose.

Well, a robot means it should just give you buy and sell recommendations and make money, or am I missing something?

Furthermore, many robots say you can make money by investing just $100.00 or so, well try that with any system ( even a good one ) and you are relying on luck and luck, wont get you anywhere - your account will get destroyed.

You can practice in a demo account for a few weeks. Well this is no use any forex trading system needs to be tested over a 2 year period as a minimum really and most serious traders know this.

You also hear these so called users saying you don't need to know what your doing, or you can make money with your feet up, sleeping or on the beach but that's rubbish.

Even with a good system, you need to know how and why it works so you have confidence in it and can follow it in a disciplined fashion. If you don't know the logic and why it is likely to work you will never stick with it through losing periods.

Ask yourself this question:

If the forex robots really worked, people would all be trading and not working and your local bank, brokerage or investment house would sack all the high paid dealing teams and rely on them.

Strange I haven't seen this happen yet and nor is it likely to happen, for the obvious reason - they don't work and they never will.

Call me a skeptic ( or realist is a better description) but its obvious that these systems will blow your account up and do it quickly.

Futures Trading Systems - 60 Minute Trader Review

Futures Trading Systems - 60 Minute Trader Review

Playing the futures market in commodities trading as a speculator can be quite a gamble if you don't know what you are doing. Futures trading analysis depends upon many factors in today's global marketplace. Some of these factors include the changing trends in the weather, reports from market exchanges, and current political news. If you're going to be a successful futures trader, you need to have and follow a system that will assure you of success.

Speculators trade the futures market for the profit they can gain through predicting the movements in the market. They have no interest in buying or using the commodities in which they speculate. Their interest is in buying the commodity "on paper" and selling it for a profit.

Because successful trading in the futures markets can be so difficult, it is beneficial to have or be using a system designed to take advantage of certain trends in the marketplace. One such system is called the 60 Minute Trader. It was designed by a long-time futures trader who, like many others, figured out how to make successful trades based upon certain market conditions.

The system's developer, Chris Kobewka, will take you step by step through the very thought processes he personally uses in order to successfully trade the futures market. A few of the things he covers are: understanding the basics of how the market works; how to make money in a bear market; how to trade effectively, commission-free; learn what to trade and why; how to anticipate market trends; and learn about the real factors that drive the markets.

One of the advantages of this trading system is that it utilizes one specific time to trade during the trading day. This allows the trader to make his trade and not be tied down to his computer all day to monitor subsequent trades. The trader gets his trading signals and makes his trades during one part of the day, then he's done and can go on to take care of other business of the day. For those who wish to utilize it, the system does include a trading method for day trading, though this is not generally recommended for inexperienced traders.

The trading method that Chris teaches is easy to follow and easy to implement. Although using this system may not make you big money, it will, over time, be a consistent winner, getting you in and out of successful trades. As one successful student using the 60 Minutes Trader has said, "This system is the only one that I am currently using and have been doing for the past several months. It works, is fully back testable, and the results are truly amazing."