Forex Trading Robots – To Buy or Not To Buy

As the Forex market becomes more and more profitable, more and more people are finding their way in. The Forex market has become the biggest trading market in the world with over $3 trillion, it’s no wonder so many people are getting interested. If you are new to Forex, there is no doubt you have heard the experts talk about stuff like Forex brokers (dealing desk, non dealing desk), automated trading or trading bots, spread trading and so on.

Today I am going to share with you some of the things you should know about the Forex. If you are a beginner to the market, then you will find this very useful. The first thing you must get comfortable with is; No one wins every day, not even the seasoned professionals. In-depth studies have shown that 95% of Forex traders lose each day. If you have it in your head that winning in the Forex is easy, it would be best to stop believing that right here and now. And anyone who tells you otherwise is not a friend.

As with any profession, you need the proper tools and mind-set in order to be successful. This is important so I am going to say it again; you need the proper mind-set to be successful in Forex. It is just as vital to manage your losses as to having winning trades. You will encounter many losing days. Remember this when the so-called professionals try to sell you a system that boasts a 100% win rate, Because the fact is, a 100% win ratio is impossible.

The question that comes up all to often and one you are probable thinking as well is; “As a beginner, should I get a Forex Robot?” “Will Forex automated software help me?”

Well, Lets take a look at why a trader might need automated trading software

· Are you pressed for time?

· Do you need more flexibility?

· Would you like to get more out of every trade?

· Are human emotions getting in your way of your trading?

It is quite possible that a beginner Forex trader could benefit from having a trading robot. The Forex trading process can be hard to understand at first and an automated system could help a beginner get up to speed on some of the factors of the Forex market as well as implementing strategies in the many varieties of platforms available today.

But the trader himself should always be the one in control. The seasoned professionals have spent a great deal of time and money to develop their own trading strategy. A beginner would be at a disadvantage against a seasoned professional, but a Forex trading robot could help him or her to develop their own strategy as well.

As a beginner, you should expect a steep and somewhat expensive learning curve as you develop your own trading strategy. There are quite a few automated Forex trading products for the beginner out there, designed to help make this process easier. You can also find a lot of websites that will sell you an automated system and walk you through how to use it. After that, it’s just a matter of setting your trading style into the robot and letting it run.

It is really very easy to install and set up this type of software. If you buy a good quality Forex trading software it should come with training videos, an easy to understand manual and good customer support. Some companies will also give one-on-one training for beginners (for an extra fee) to learn all the ins and outs of the Forex market and what you should expect out of your Forex trading robot. Money well spent in most cases.

Winning in the Forex market does not mean you must have all the tools. Having a proper education and a fundamental understanding of how the Forex works, combined with the proper mind-set, are things an automated system can never achieve.

Beginners are not the only ones who use Forex robots, experienced traders as well as large corporations use them too. Think of it this way; if beginners, pro’s and corporations all use Forex trading software, then why do 95% of them lose? It’s because, Forex trading software cannot guarantee success.

The right mind-set, education and luck are the key factors to a winning Forex trader. Good luck and happy trading.

Forex Morning Trade System – The Best Forex Trading Robot Out There?

The title of the best Forex trading robot is not something that I would consider throwing around lightly, especially considering that there are precious few Forex robot traders out there that actually work. I prefer to operate with a portfolio of Forex robot traders, which diversifies my risk and maximizes my returns in the long run.

If you’re like me, and you’re looking to build a solid portfolio of Forex robot traders, then the Forex Morning Trade System is the best Forex trading robot to add to your portfolio right now. That’s because Forex Morning Trade is radically different from any other Forex robot trader out there in the market right now, which is a fundamental requirement for diversifying portfolio risk. If you’re only just beginning to build a portfolio, then Forex Morning Trade is a great place to start as well. By the end of this article, you will be able to make up your own mind about whether the Forex Morning Trade System is the best Forex trading robot for you.

Unlike many of the Forex robot traders out there, the Forex Morning Trade System does not revolve around scalping the Forex markets at all hours of the day. In fact, if you’ve ever owned and operated a scalping Forex robot trader, you’ll know that they trade very frequently to collect small profit after small profit while opening themselves up to very large risks with a very wide stop loss. It is very possible to lose an entire month’s profit with one bad loss with scalping Forex robot traders, and the risk of that one bad loss happening is magnified because it trades so frequently.

Compare that with the Forex Morning Trade System that only trades once a day based on the well documented large moves that come with the London open. It literally transforms these large moves from something to be dreaded and avoided to become a rich source of profits for your trading account. Rather than scraping up a two or three pips all day long, you collect a grand 40 pips in profit all at once and you’re finished for the day. Because Forex Morning Trade is designed to maintain a high degree of accuracy with the advantage of having a much better risk to reward ratio, what you get is a much more stable and consistent equity growth with the minimal risk of giving it all back.

The fact that the Forex Morning Trade System is vastly different from any system out there means that you can add it to any portfolio of Forex robot traders and actually reduce its risk and increase its returns. This is the power of diversification in action, because Forex Morning Trade is not correlated with any scalping Forex trading system. So, if you’re already running a very profitable Forex robot trader operation, you can enhance its performance even more by adding the Forex Morning Trade System to the mix!

Right now, whether you’re looking for that one best Forex trading robot, or just the best Forex trading robot to add to your portfolio, I highly recommend getting the one of a kind Forex Morning Trade System. For those of you in a different timezone, it even has a fully automated Metatrader 4 expert advisor coded so that you can leave it to trade while you are sleeping, working or just enjoying your free time. I love the fact that Forex Morning Trade can trade without me being chained to the computer all day, which makes it the best Forex trading robot for me.

Forex Trading Times

Knowing what the best times to Forex is a crucial component to effective and efficient Forex trading. During the trading week the Forex market is open 24 hours a day, but just because it is open around the clock does not mean prices are always moving in a way that makes a particular market worth trading. Money is made in the Forex market when the market is volatile and moving, not when the market is calm and relatively quiet.

So, as a Forex trader you need to know when the most active Forex trading times are, as this will aid you greatly in the timing of both your entries and your exits as you navigate the markets. The two most active Forex sessions are the London session and the New York session, during these sessions price action provides the best trading environment. The Asian trading session is often less volatile and thus less likely to result in major moves within the various Forex pairs.

The Forex market contains three distinct trading sessions; trading starts in Australia and Asia, and moves around the globe into Europe and finally ending the day in North America as trading closes each day in New York. The various Forex trading hours are as follows:

• Asian trading session (including Australia and New Zealand): the Asian trading session opens at 6:00pm EST and closes at 4:00am EST

• London trading session: the London trading session opens at 3:00am EST and closes at 12:00pm EST.

• New York trading session: the New York trading session opens at 8:00am EST and closes at 5:00pm EST.

As you can see from the above list of times to trade Forex, there are periods each day where the sessions over-lap each other. It is within these periods when volume and volatility typically rise to peak levels. The London and New York trading sessions over-lap between 8am and 12pm EST, this is typically considered the best time to trade Forex. The reason it is considered the best time to trade is because this is when the world’s two most active trading centers cross; as London trading comes to an end, New York trading is opening, and they are both open at the same time for 4 hours each trading day. As a result, many traders strictly trade within this 4 hour window because it generally brings the best liquidity and volatility.

Beyond knowing the best Forex trading times, it also helps to know which currency pairs to trade. Generally speaking, the “major” Forex currency pairs are the best, the reason they are widely considered to be the best Forex pairs to trade is mainly because they offer the smallest spreads and highest liquidity. This means you pay smaller fees to trade the majors and they move in a “safer” manner than the “exotic” currency pairs, which can tend to jump around and move a relatively illogical way. In the end, make sure you know the best times for Forex trading and the best Forex pairs to trade; these are some of the basics of learning Forex.