Forex Robots - 6 X Facts That Cause Most to Lose Equity

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If you want to buy a forex robot, you should consider the facts enclosed because if you understand them you can avoid the losing majority of automated forex trading software and find the small minority that win...

Here are your forex robot facts - make sure you understand all of them before buying one.

Fact 1: Most Do Not Have Real Track Records

They claim to have made money but a quick look at the disclaimer shows they are simply paper simulations going backwards and you see the words in hindsight and simulated in the disclaimer. See this and pass it by, it probably won't make you any money for the next reason.

Fact 2: Most Robots are Curve Fitted

This means when the simulation is done, the rules are simply bent until they fit the data segment being tested shows a profit and this is pointless. Why?

Because the same price history will never repeat itself again exactly as before and you cant bend the rules going forward!

Fact 3: You Can't Win on 100 investment

The fact that anyone says you can is relying on you being very, very lucky, or knows nothing about forex trading.

The minimum you should consider is a $1,000 and preferably $3,000, to ride out any drawdown periods.

Fact 4: Any Trading System will have Long Losing Periods

Forget the statement you can make a regular income - you can't.

Even the best traders have losing periods that can last for many weeks or months. This doesn't mean you can't win long term you can but beware, you will face long periods of losses.

Fact 5: Most Vendors are NOT Successful forex traders

If they were, they wouldn't be selling you a forex robot for $100 and claiming it makes $100,000, they would be to busy making money to bother you.

Ever wonder why everyone in the world isn't trading?

Well the answer is - only the naïve or greedy trader buys a forex robot thinking he can get rich for $100.00 or so.

Fact 6: The Minority that Win

Have real track records and cost a few thousand dollars but they are a great investment and can make the investment in them back many times over but be aware, even the best ones have periods of losses ( normally 20 - 50%) and these can last for weeks, so you need discipline to trade them.

You can win with a forex robot but it's a fact that most sold will simply destroy your equity and do it quickly. So cut through the hype, be realistic and go for one which has at least been proven in the real world of trading and is not just made up in hindsight!

Forex Trading Software - Use The Best For Successful Trades by JON ARNOLD

You have heard about the vast sums of money that can be made with smart forex trades, but what forex trading software is best and gives you the greatest advantage? If you have been searching for some forex trading software for any amount of time, you probably already realize that there are many of them out there, and it seems like the claims of one are only superseded by the claims of the next one.

To determine which one is best, you first need to get some understanding of what the forex market is, since any software that devotes its time to teaching you what forex actually is will probably have lesser capabilities in other areas, like doing a very thorough analysis of the vast amounts of data that needs to be considered when making a trade decision.

Forex is also known as foreign exchange or foreign currency exchange. This is the task of exchanging one country's currency for another country's currency and then re-selling it again, perhaps in the same country or another country to make a profit based on the constantly changing currency exchange rates. The total forex market is probably the largest market on the planet, doing more than $3.8 trillion (USD) a day when considering it from a worldwide perspective.

It is difficult to determine which forex trading software is best so one of the first things you need to do is determine what you need the software to do for you. And in order to do that, you need to gain some understanding of the forex market so that you can determine which aspects of forex trading can be done by software, and which parts really should be left to you for the final trading decisions.

One of the problems of just going to a search engine like Google and entering search times for the software package and the word "review" is that those can be toyed with. The author of a software package might have a dozen blogs or web pages setup that provide a favorable review of his software, but they were all created by him, so the person looking for a review of that forex trading software would find a high number of favorable reviews.

Look for what kind of support the software offers. Do they have a phone number to call? Probably not, since forex trading happens 24x7 worldwide, and having a support center open 24x7 is an expensive proposition. Do they have an online forum where members can post questions and get answers from either the author or other members? Can you email questions and get answers in a reasonable amount of time? There are very few things worse than owning a piece of software and being stuck with something you don't know how to do, knowing that while you are spinning your wheels, successful forex trades are going on all around you.

Look for a money back guarantee. If the author is willing to back up his clams with this kind of guarantee, then you should feel a lot better about giving that forex trading software a try and putting it through its paces. One of the best forex trading software programs is shown at our web site.

Developing A Successful Forex Market Strategy

Forex is probably the largest market on the planet and it is always changing, worldwide, 24x7. This aspect is one of the things that makes forex so exciting. With that kind of activity, it is not always accurately predictable, but you need to understand the market so that you can jump on profitable trades and minimize your losses in losing trades, which is all based on the strategy that you utilize.

Nobody in their right mind would just jump into the forex market blindly. That would be even worse than attempting to pilot a 747 jet if you have never had flying lessons. Jumping in without a good understanding of the forex market is reckless at best, and you would save yourself a lot of time by simply lighting a match under your money. the ins and outs of forex currency trading, and the various factors that go into making an informed and intelligent trade decision.



You must understand that forex trading is a gamble, and like the advice offered to those who enter a typical Vegas hotel, never play with money you cannot afford to lose. There are no guarantees in the forex market, which means that you need to utilize all the tools at your disposal to ensure you have considered all factors that will impact a currency's value, both now and in the future. The forex strategy that you use needs to allow for the possibility that you will make losing trades. Every forex trader on the planet makes an occasional losing trade, this is part and parcel of this market, but your strategy needs to protect your assets in that way to minimize your losses and maximize your wins.


Many forex traders simply follow other forex traders. While this could be a strategy, can you see how and why it is not a good one? Other traders are not likely to share with you what they intend to do until after they have done it, and with the rapidly changing market, it is unlikely you could get in at the same forex rate that they did, which will minimize your income. The much bigger money is in doing the analysis and making your own trades, not by following others who have no incentive to tell you what they are going to do anyway.

Take the time to learn the forex market, since the financial rewards are huge, but make sure you also protect yourself by allowing for a potential loss. For more insights and additional information about a Forex Market Strategy as well as reviewing one of the best forex software systems available anywhere, please visit our web site at http://www.forexcurrencysystems.com


One component of any good forex trading strategy is to avoid putting all of your investments in one currency. Do you remember the old saying about not putting all your eggs in one basket? This is the same thing and there is a lot of wisdom there. If you spread out your investment amongst many different currencies, it is far less likely that your investment would be wiped out in a single unsuccessful transaction.

There are many moving parts involved with successful forex trading, as well as a virtual mountain of data that needs to be analyzed, interpreted, and forecast as to how that will affect a particular currency that you may want to trade. The most successful traders use a forex trading software package that can help them do the required analysis. Such software would do the lower level work of doing the intensive and gut-wrenching analysis. Based on the number of elements that should be considered that can affect a currency's value, trying to do work manually yourself is going to almost definitely be a losing proposition.

Forex Trading Advice -

If you want forex trading advice and want to win at forex trading, you can get all the advice you need to build a forex trading strategy for big profits for free and here we will show you how to find it...

Most of the so called experts online are anything but and in most cases there not even traders. They sell dubious forex robots and sure fire predictive systems with paper simulations and look for naïve or greedy traders to buy them and plenty of traders do.

In forex trading you need to learn and understand what you do, so you can trade with confidence and you can do that for free.

Before we look at good advice, let's look at avoiding the bad and here are some prime examples.

Forex trading forums

If you want to find a bunch of losers, there are plenty in forex forums.

The guys here who spout forex advice, are normally traders who can't make money, so it makes them feel better to give you their wisdom or vendors, looking for people to buy their product.

I don't know any successful traders who hang around forums, so avoid them.

Broker Advice

Lots of brokers give research and advice but if brokers were good traders they wouldn't be brokers! Most are market makers and make money when you lose, so it is a conflict of interest too.

Forex News

CNBC, CNN etc great reporting but it won't help you trade and all the experts you see tell good stories but that's all they are stories and normally news reflects the herd and keep in mind, the herd losses.

Never trade news or expert opinion from it. If it were that easy to make money a lot more people would be successful!

Good Advice and Where to Find it

Let's stress some basics First.

The best way to win at forex trading is to use forex charts and technical analysis and lock into forex trends. There is free information online that gives you everything you need to know about technical analysis and lots of free chart services as well.

These are the keywords you should really understand and study

Support and Resistance.

You need to of course know everything about this.

Breakout Methodology

If there is one method you should start with is trading breakouts so look them up.

It's a fact that if you trade breakouts, you will be in on every major move as most big trends start from new market highs or lows.

Momentum Oscillators

If you want to trade breakouts you need to confirm them and a through understanding of momentum indicators is needed, as they can confirm the move.

If you look up the above you will have the basics of a simple system you can use to trade breakouts and have a sound simple forex trading strategy.

The Key to Trading Success

You should then look up and study everything you can on money management, volatility and standard deviation and the important trait of trading discipline.

You can get it all for free you can get the knowledge and confidence you need to trade your system.

Does that sound too simple?

Well forex trading is based around a simple strategy, you understand and can have confidence in and can execute with discipline.

Forex Trading -These Ordinary People Made Millions After 2 Weeks Training How? by KELLY PRICE

In one of the most famous trading experiments of all time a group of people who had just 2 weeks training went on to make hundreds of millions of dollars. What did they do to achieve such stunning success?

This story motivated me to trade and I hope it does the same for you and concerned a bet. The bet was between Richard Dennis and his partner and the bet was based on:

Could traders be made or were they born.

Dennis thought they were made and set out to prove his point.

He got a group of ordinary people together including - an actor, a security guard, a boy just out of school and a female auditor, to name just a few and they only had one thing in common:

They knew nothing about trading but Dennis was about to change that in spectacular fashion.

Dennis set about his task and taught them to trade in a couple of weeks and the rest is history. They became legends and made hundreds of millions of dollars, Dennis had proved his point.

So why did this group do so well while it's common knowledge, that 95% of traders burn their equity quickly?

Well what you can learn from the experiment is:

Anyone can learn to trade - but success is determined as much by mindset as by method.

Let's look at this in more detail.

Dennis taught them a simple trading system (basically a long term breakout method) and combined it with strict money management.

Dennis knew that most traders fail due to lack of discipline - they simply cannot trade through drawdown periods and take losses and keep on track, until they hit a home run.

So he didn't just tell them to follow the system - but to know everything about it including, how and why it worked and how it could lead them to success.

In short he taught them the method and made them understand that they were responsible for their success.

Compare this to most traders today, who think they can get rich with no effort.

Most traders today, want to followers but this is doomed to failure, because success comes from within.

Trading requires discipline above all else and you need iron discipline to win.

This is hard for even veteran traders at times when the market continues to hand you losses and you look stupid. Don't believe the rubbish you read on the net about consistent income - you will take losses for weeks or months at a time and you need to stay on track, until you hit a home run.

It's a motivating story and this group called "the turtles" showed that anyone can achieve success, with the right mindset and education. Sure you might not make as much money as them however the opportunity is there and even if you don't you can enjoy currency trading success and make a great income for the effort you put in.

Read more of their story and I hope it gives you the confidence to trade, as it did for me 25 years ago and got me started in the world's most exciting investment!

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International Currency Trading - 95% OF Traders Lose Could You Win? by KELLY PRICE

International Currency Trading is an exciting investment but is not for everyone and you should think carefully before trading keep in mind 95% of traders lose. So consider the points below and they will give you an insight on what it takes to win...

Most traders' think they can shoot from the hip and win trade the news or trade their gut felling but they lose and so do the sheep who follow gurus, mentors or forex robots and don't know what there doing.

These traders don't get the point of what currency trading online is all about.

In international currency trading the first thing to understand is:

You need to understand what you are doing and that means educating yourself on how and why markets move, so you have the confidence and discipline, to trade your system and execute your trading signals through losing periods ( all traders have them) until you hit a home run and hit the big profits.

If you don't have the discipline to follow your system, you don't have one! Many traders could win but throw in the towel and quit to early, when if they would have stayed on course and had the courage of their conviction, they would have been rewarded.

Most traders simply cannot accept the following points:

- Success depends on you and you cant blame anyone else

- You don't get rewarded for effort you get rewarded for results only

- Trying to be clever wont help you, forex success is based on simplicity

- The market price is always right and only you can be wrong, so your ego is the enemy!

- You need to make and live by your own rules to survive

- You need to isolate Yourself from majority opinion and rely on yourself

A World of Opportunity

For the trader prepared to accept responsibility however, you can see that international currency trading, offers some fantastic advantages to build wealth.

- You don't need to work hard just work smart

- You can use a simple forex trading system and win

- Your not after perfection just a profit

- You like relying on yourself and know only you can give yourself success

- Anyone can learn to win - trading is a learned skill

- International currency trading gives you the vehicle for big gains.

It's NOT Easy but You Can Win

The main point we are trying to stress in this article on international currency trading is, while it is not easy to win, currency trading success is within reach of anyone, if they have the right mindset and can apply themselves. You can develop a forex trading strategy for success in a few weeks and then be making big consistent profits in around 30 minutes a day and that's a fact.

Understanding How A Forex Rate Works

so then you would swap back again and realize a handsome profit because now the British pound is worth more than you paid to acquire it.

To be successful with your forex trades, you will be looking at forex rates constantly during the day. One of your tasks is to thoroughly examine the various trends in the countries and predict how these factors will impact the value of the country's currency. For example, if all the factors you are watching, including the rate, seem to indicate that the British pound is beginning to increase in value compared to the Euro, you might want to consider swapping your Euros for British pounds. But it does not stop there, because as you continue to watch the rates, even on the same day, it may show that the British pound has become strong again, The forex rate is the most critical thing to be considered for a forex trader because he needs to determine how that rate will change amongst the various world currencies. If you have the desire and motivation to be involved with forex trading, learning about forex rates is critical to your success.

Many of the most successful traders in the forex market use some type of forex software package to help them with all this analysis. The software will not make the trades for you automatically without you having to indicate that you do want to do a trade, but simply based on the sheer volume of data that needs to be evaluated, there is some very good forex trade software out there. Our web site outlines one of the best forex software packages available anywhere that has an outstanding track record.

The factors that influence the forex rates are just about any social, economic, or political event that is occurring in that country at a given time. Is this a lot of data to consider? It absolutely is, but at the same time, it is imperative that as many of these variables be taken into account so you can make the best trade decisions possible.

Forex Trading System - A Requirement For The Serious Forex Trader

If you're new to the world of Forex trading, you're going to need a Forex trading system to help you in your endeavors. Number one, you're going to need to sign up with a Forex broker so that you can engage in trades, and number two, you're going to need to develop your own Forex trading system so that you know what you're doing and know your way around Forex trading. This will help you be successful as a Forex trader.

Learning your way around Forex trading is challenging but rewarding. It's going to require a learning curve, so you're going to need to learn some things about Forex trading before you start to trade with your own money. If done properly, though, you can become successful as a Forex trader.

First, understand that Forex trading is not like trading in the stock market. With Forex trading, you trade in currencies. Your particular Forex trading system is going to have to be developed on the idea that one currency in a particular currency pair (both of which you pick) is going to do better than the other. For this, you need to learn about two different types of analysis.

The first, fundamental analysis, studies the political, social and economic forces in those currencies' countries. If one country, for example, is particularly stable in its politics, government, economy or social structure, its currency is likely to do better than the currency of a country that is unstable in those same areas.

Technical analysis, on the other hand, has you studying and analyzing a particular currency's patterns and trends. This means that you'll need to learn to read charts and make predictions based upon what those charts say. As one example, if a particular currency is doing very well and has been rising steadily, it's probably going to continue to do so for at least the time being. You're still going to have to keep an eye out for any changes that occur and make adjustments based on those changes, of course.

Your Forex trading system is also going to teach you how to learn how to execute the different types of orders so that you can buy, hold or sell trades so as to maximize your success and profits. One note about learning your way around the Forex market and your own system is that you should sign up for a demo account with the particular Forex broker you choose. Demo accounts allow you to "trade" in practice mode just as though you are executing real trades, but without spending any money. In this way, you're going to learn your way around Forex trading without having to risk any money of your own until you're truly ready.

Demo or practice trades are important for another reason, and that is that they teach you how to lose money on a trade as well. This is important, because you're going to have to learn to lose money and to win money properly in order to succeed. What do I mean by that? I mean that you can't let losing a trade devastate you; every single Forex trader, including those who are very successful, will lose on a trade every now and again. In addition, if you're winning on a trade, you're going to have to know when to get out if your data says you should, even if the trade itself is still succeeding. This means that you have to have the psychological makeup and fortitude to manage your trades with detachment, and without becoming emotionally involved.

Finally, when you do begin to trade, trade small. This lets you learn how to trade with real money as your next step, but without risking a lot until you're truly experienced. Most Forex brokers will let you trade with as little as $10. In the beginning, yes, your gains are going to be small, but so will your losses.

As you start to get more familiar with Forex trading, one of the things you will undoubtedly discover is that the more familiar you are with the various conditions and factors in each country whose currency you are trading, the more accurate you can be in predicting which way their currency will move. This involves a detailed analysis of virtual truckloads of data. You may want to consider allowing technology to help you with this part of it, with one big recommendation being the software shown at our web site, which is one of the most popular and one of the most successful package available anywhere.

Forex Currency Trading

The forex currency trading is the foreign exchange or currency exchange market. The values of different currencies rise and fall in relationship to other countries monetary units. That change is what Forex traders hope to monopolize and capitalize on. There is normal daily fluctuation in exchange rates, even multiple times daily. If you’ve ever traveled outside the country, for example, even to Canada or Mexico, you notice that the currency exchange varies from morning to afternoon and daily. This fluctuation is what forex currency traders try to capture.

In the forex trade, there are two different types of currency used. Even though you may be American, the money in your account may be yen and you want to exchange it for Euros. You don’t have to stay within your own country, you just need a second form of monetary exchange. Quotes show in pairs also. EUR/USD shows two currencies. The first is the base currency with the second the counter currency. If you choose a buy for the combination, you trade USD (United States dollars) for Euros. You believe the Euro is growing faster than the dollar, or the dollar is dropping in relationship to the Euro.

Forex currency trading used to be isolated to the very rich, governments, multinational corporations and central banks. Today more and more individuals and private investors trade currency. The average daily trade of US currency is over 4 trillion dollars and growing daily.

Although forex currency trading is different in many ways from stock trading, they do have some of the same characteristics. For instance, the way brokers are paid is similar to the NASDAQ. The spread is used. The spread is a price differential on both buy and sell transactions.

Unlike exchanges on the stock exchange, both sides of the position must close before the currency is available to make another trade. There is no actual delivery like the stock exchange but conversion takes place through banks and specific exchange organizations.

You also can buy on margin, just like in the stock market. The difference is the amount that the account needs to hold. Margin purchases in the stock market require 50 per cent of the account balance. Instead, it more closely resembles the margin of the commodities, which is between 1-10 percent. The margin in a forex account is 1 per cent. This is the actual amount that you deposit to make trades. If you put $1,000 into the account, you’d have $100,000 worth of buying power in the account.

There are the normal charting tools to use for forex currency trading. The biggest difference is that you need to know about both types of currencies, as opposed to just the stock of one company. Daily events and news from the different countries change the values of the currency. This is similar what happens to stock, except, you’re not talking about just one company, where, unless some outrageous scandal happens or earnings announcements occur, there’s seldom news. Every day countries have news stories that have the potential to raise or reduce the value of the currency.

A Mint Via The Forex Forecast

There are various techniques to make a forex forecast. If you’re involved in forex trading, you already understand that it is the exchange of two different types of currency. You sell one to buy the other. Each trade is really two different trades. The successful forex trader takes advantage of the exchange rates and tries to find trends in the money market that allows them to monopolize and maximize their return.

If your account is in USD (United State dollars) and you believe the Euro is going to go up in relationship to the dollar, you want to sell the dollar and buy the Euro. The way you write the exchange is EUR/USD buy. The Euro is the base and the USD is the counter currency. If your instructions were buy, you’d buy the Euro and sell the USD. The instructions are always describing the base currency with the counter having the opposite type of exchange. If you ordered a sell then you’d sell the Euro and buy USD.

Forex forecast consists of two different methods. You can use the technical analysis or fundamental analysis. Fundamental analysis forecast with events and how they should affect the market. The technical forex forecast puts its primary focus on what already occurred within the market. It uses chart to help predict what happens next according to the price movement.

Technical analysis takes the price, the volume and sometimes also interest to create charts. It uses the movement of the past to predict the movement in the future. Much like stock charting, it takes the data to create instruments to use as tools and often follows and adjusts the charts in real time. Even though you may know that the market should drop because the country, for example, had a massive hurricane, if the movement of the currency doesn’t indicate that movement, then all the fundamental information in the world doesn’t count.

Technical analysis also looks at the trends or patterns of the currency and anticipates the past will predict the future. Many different patterns are repetitive and forex forecasting uses the charts to find that information. The trends and patterns repeat often with little deviations. This makes the tracking easier.

Technical analysis uses five basic categories that involve the price. They use indicators, the number theory, waves, gaps (between the high and low) and trends (also known as the moving average.) Many who trade stock will find these terms quite familiar. Fundamental analysis forecasts the future movement of the currency price from political, economic, social, and even seasonal factors. The fundamental analysis for a forex forecast correlates to looking at a company’s financials and news to forecast stock movement. Understanding the country’s supply and demand, seasonal cycles, weather and governmental policies, both monetary and otherwise, help predict where the price should land.

Most successful traders use a combination of both forms of forex forecast to make their decisions to buy and sell the various currencies. Knowing the countries and their historic patterns of value in relationship to events can only tell so much, watching the technical patterns helps to fill in the gaps and adjust for attitude changes or inaccurate information. For more insights and additional information about how a Forex Forecast as well as a review of one of the foremost forex software programs available anywhere for the serious forex trader, please visit our web site at http://www.forexcurrencysystems.com