Easy Forex Trading Strategies – The Automated Forex Strategy Revealed

Easy forex trading strategies are required for you to be profitable in the already complicated foreign exchange market. The foreign exchange market is a trillion dollar trade involving millions of traders and speculators all over the world. It is not only a place for all winners to multiply their earnings from their original investment amount, but also a place where the losers are making the attempts to obtain back what they have lost, or lose even more. If you are planning to venture into the foreign exchange business, the easiest way to succeed is duplicating the proven techniques practiced by the successful traders. With years of experience under their belt, the pros will be able to tell you which systems will make you lose your investments and which ones will make you rich. These techniques separate the forex champions from the losers.

To prevent you from falling into these group of losers, this article will elaborate one of the easy forex trading strategies that had generated truckloads of money to the majority of professional traders out there. It is even easy enough for new traders to practice and has proven its worthiness in the forex game field: automated forex systems or forex trading robots

Easy Forex Trading Strategies: the automated Forex Strategy Revealed – what do you need to know?

Forex trading robots are basically software systems that has been programmed by a team of computer programmers in collaboration with forex professional players. The robot is able to extract real-time key investment data, converts them by using the algorithms in the programming codes into quality analysis and create vital reports to aid in your decision to speculate among the many currencies, including to buy or sell in perfect timing.

However, the quality of analysis and reports generated by the robot is very much dependent on the capabilities of the programmers, and much more of the forex guy. The more experienced the forex guy is, the more reliable the robot. With good input, the programmers will be able to conduct the precise and required programming codes to ensure that robot fulfills the trading necessities, in order for you to make profits, instead of making loses while trading.

Easy Forex Trading Strategies: the automated Forex Strategy Revealed – Which robot should I choose?

Here are some Bullet Proof tips for choosing the best forex trading robots:

1. Crisis proof. Choose a robot which is capable of re-adjusting to the changing market conditions. Should the market suddenly become too volatile (and therefore, too risky to trade), the volatility filter of the robot must be able to intervene and take the robot to an early exit. The bot must also able to adjust automatically to the conditions of a specific brokerage in addition to being compatible with both the instant execution brokers and the market execution ones. These features could only be experienced after you purchase the robots. Most vendors will provide you a refund should you are not satisfied with the robot.

2. Low Initial Investment Requirement. Choose a robot which requires a minimum of $450 for you to start trading on EUR/USD. Only if you wish to trade on both EUR/USD and USD/JPY, then you need to have a minimum of $4,000 in the trading account. Since most profits are generated on EUR/USD, so a minimum of $450 will be perfectly sufficient. It is important to note that if a robot programmer tells you that you can trade a forex robot with $100 or even $50, he is actually after your hard-earned money. Of course, you CAN technically trade even with as low as $1.00, but it will result in an instant margin call and put you out of business faster than you can hit the stop trading button. $450 here means that you can safely increase your capital and that all security filters have enough room to kick into action to preserve your money and your gains.

3. Easy setup. Find a robot which is easy to utilize, like a “set and forget” robot. Indicators include the requirements of not having to enter complex lists of settings, to upload files into various folders and to watch the robot during its trading. Everything should already be done for you.

4. No liquidity issues. The best robot must trade DURING the market hours and not between them, unlike many other unreliable Forex robots. This aspect ensures sufficient liquidity at all times, no matter what the situation on the market is and how many people are using the robot. The liquidity during the forex market hours totals in the trillions of dollars. Therefore, even if we had millions of people using the bot at the same time, it would not affect the currency market in any way

6. Careful & and safe trading environment. The perfect robot will trade during the different opening and closing times of stock exchanges in different parts of the world. That way, we will always be overall in profit no matter what the current situation is on the market. The robot’s time of market entry needs to be at a fixed time of the day, during which the massive asset transfer from US stock exchanges to the European ones takes place. The American trading floors (NYSE, CBOT, etc.) close down for the night when the European ones (Frankfurt, Amsterdam, Brussels etc.) are about to open in the morning, therefore boosting up the demand for the Euro against the US Dollar, as all stocks in the US are being traded in US Dollars and all stocks in Europe are being traded in Euros. The same is true for the USD/JPY currency pair- when the Japanese stock trading (where all stocks are traded for the Yen) ceases in the evening (NIPPON, NIKKEI etc.), the American one is about to resume in the morning.

7. Flexible trading. The robot must be able to trade in the two popular majors – EUR/USD and USD/JPY – which are offered by pretty much every broker in the market. Moreover, the spreads on these two pairs (mainly because of their popularity) are marginally low, which further serves to your advantage.

8. Auto adjusting to evade errors. If a news release suddenly hits the market and a broker drastically increases its spread in response, your robot must be able to recognizes it and automatically cuts the starting lot size for its trading cycles and once the spread is back to normal, trading with the standard starting lot size resumes. This aspect prevents the robot from being unable to close the cycle of time because of the suddenly increased spread. If your computer, VPS or internet connection experiences an outage, the robot must be able to be restarted from a different computer. It needs to be able to recognize the trades it opened from the old computer as part of its trading cycle and will proceed with the trading as if nothing has happened.

Easy Forex Trading Strategies: the automated Forex Strategy Revealed – Conclusion

With wise judgment and carefully considering the many factors of a good forex trading robot, you could become very profitable as the experts do.

Truly, forex trading robots can play a vital role in the many easy Forex Trading Strategies practiced by professional traders in the world.

Getting Started In Forex – Keeping Your Emotions Out Of Your Forex Trading

Introduction

When you’re getting started in Forex, the biggest challenge you will face is not finding the best Forex broker or most profitable Forex trading system. The Forex markets aren’t conspiring against you, and you don’t need some kind of secret knowledge about the markets to succeed. It may sound cliche, but the biggest obstacle standing between you and the Forex profits you dream of is your emotions. By the end of this article, you will learn how to trade Forex without involving your emotions in trading decisions.

What Systems Can And Cannot Do For You

Don’t get me wrong, when you’re getting started in Forex, you definitely need to have a good Forex broker and a profitable Forex trading system to trade Forex successfully. That said, there are dozens of great Forex brokers and a fair few profitable Forex trading systems available out there, but very few people who are getting started in Forex succeed in spite of that. Why? Because they fail to control their emotions when they are trading.

Emotional self-control and good decision making are two vital components of successful Forex trading. If you are able to master your emotions early on, then you’ll have no problems with trading a manual system like a pro. That said, if you recognize that you have problems with controlling your emotions before, during or after a trade, then you need to be honest with yourself and limit yourself to automatic Forex trading systems until you are ready. Automatic Forex trading systems will help you to isolate your emotions from your trading while you learn to manage them, because your system will make all the decisions for you.

A Word Of Caution Against Greed

Once you have your proven trading system in place, then you’re ready to start your Forex trading operation, but don’t sink all your available capital into your trading system just yet. One of the traps that most people who are getting started in Forex fall into is that they get greedy and risk all their hard earned capital when they don’t really know how to trade Forex with a system yet. They’re simply not familiar with the system, and are prone to making beginner mistakes at this point.

When you’re getting started in Forex, you should be focused on learning how to trade Forex rather than making lots of money with Forex. That will come later, after you’ve gathered at least a few months of experience in Forex trading. While you’re getting started in Forex, you will want to invest the minimum amount you need to trade your system and no more than that. Why? Because there’s still a lot you don’t know about how to trade Forex, so you’ll want to risk a minimum of your valuable capital while still having enough invested to care about what’s going on.

Final Word On Systems And Emotions

Most people getting started in Forex take one or two years before they fully master their emotions, so there’s really nothing wrong with running an automatic Forex trading system to profit while you learn. In fact, many professional traders trade a combination of automatic and manual systems to form a portfolio that maximizes their profits while minimizing their risks.

What I recommend if you’re getting started in Forex is to be realistic in your expectations of your system and yourself. Don’t rush yourself into trading manually if you’re not ready, and remember that you don’t ever have to trade it yourself if you don’t want to. With a profitable Forex trading system, you don’t have to, and you might find that you have a knack for building Forex portfolios to further increase your returns, and in that way eliminate your emotions from your trading altogether.

Forex Trading for Housewives

Can a housewife trade Forex?

Do housewives trade Forex?

“Give me a solid proof!”

It’s not a secret anymore that housewives do trade Forex. In 2007, one particular housewife was charged with tax evasion. Her problem was she did not properly report her 1.7 million pound sterling gain. There are many other housewives trading the financial markets. Many of them found out that Forex market is better than the other financial market such as futures and options market. Well, at least that’s the view of Mrs. Torii who made $150,000 trading Forex in 2006. Gender or status is not a problem when it comes to Forex trading. Moreover, female traders have the upper advantage because patience is one of their natural tendencies. This is a huge difference. To make things even better, more and more governments in the world are aiming to provide cheaper internet cost. This is the reason why we see the number of internet subscription rising in a staggering rate every year. To make it short, you have the examples of those who have succeeded in Forex trading and you also have the tools in your hand. So why not consider trading Forex?

“Forex trading is for smart people…”

“I’m too busy…”

The above and many other reasons are invalid in this time and age. Why? It’s because you can trade Forex even with minimum or no experience at all. That’s right! It is possible to trade Forex with no technical knowledge. Do you want to know how? Today people can trade Forex using one of three trading strategies. The first strategy is to do it yourself and the second strategy is to let someone else do it for you. The final and probably the best among the three is to trade Forex by yourself but with the assistance of a professional Forex trader.

The first strategy requires you to learn how to trade properly. You must endure the long and tedious learning process and you must spend money to obtain trading materials and coaching. The second strategy does not require you to learn because a professional trader will trade the account for you and what you need to do is find the professional trader, sign some agreements and then fund your trading account according to their specification. However, you need to know that big and profitable traders usually don’t want to manage small trading account.

Truth be told, the best path to take in Forex trading is to trade yourself. Does this mean the first strategy is better than strategy number 2 and 3? The first strategy is the best in the long run but not if you are still new to Forex trading because you need to prepare yourself first. Here are some of the advantages of strategy number 3:

You don’t have to become a proficient Forex trader first.
You can still learn while you trade Forex.
You can make money while you learn (and therefore, have the ability to fund your learning).
You don’t miss good trading opportunities during your learning process.

So what do you need to do if you want to use strategy number 3? Easy… just follow the simple steps below:

Get familiar with the Forex broker’s trading software (trading platform).
Subscribe to a genuine Forex trading signal service.
Enjoy your profit.

Let me explain them more specific…

The first thing you need to do is to go to a Forex broker (domestic broker or overseas broker), register for a free demo account, download the software and then install it. It is recommended to open a demo account with either Oanda or Alpari UK because they offer unlimited demo account. After you do that, try to get familiar with the trading platform especially with the functions. Meta Trader 4 is the most common trading platform used in Forex. The easiest thing to do is to go to YouTube and type “MT4 tutorial”. Honestly, there are plenty of resources you can get on the web that can help you understand Meta Trader 4 functions. A week or two is enough to get you familiar with the whole thing regarding MT4. You can open a real trading account once you finish with the tutorials.

The next thing you must do is to go to a genuine Forex trading signal service and subscribe. This is the key to make money in Forex without any technical knowledge. You don’t have to master any trading methodology at this point because the professional traders will help you identify good trading opportunities. This is the only work that you have to do in order to profit from the Forex market. Nonetheless, the task of finding a great, genuine Forex trading signal service is tough because you have to literally search from hundreds of similar services on the net and then do a small research on each one of them. There are those who claim that their service can guarantee thousands of pips every month and there are also those who claim that their trading signal never experience a losing trade. The reality is most of them have been proven not capable of delivering their promises. On the contrary, the genuine service will tell you the reality and doesn’t put unrealistic claims.

The third and final step is to enjoy the fruit of your labor. Forex trading is not an easy thing to do. Only those who do things right can enjoy profit. In the long run you will have more benefits when you go with this strategy than if you go with the other two.