You can buy a Forex robot and most claim big gains but most are junk and will lose you all your cash and while people think its hard to build their own Forex trading system it's simple, if you follow the steps in this article.
Here we will give you a simple step by step guide to building your own Forex trading system which can make triple digit gains.
Don't Make this Common Error!
Many traders and robot vendors engage in curve fitting which is bending the rules of the system to fit the data. They test the system on back data and keep adding more variables in until it works but this is just like shooting at a barn door and then, drawing a chalk circle around every shot afterwards to make every shot look like a bullseye! A Forex trading system should be simple and trade ALL currencies and markets conditions in the same way.
Building a Simple System
A system can be very simple and win - if you want an example of this here is a one rule system that works:
Buy a new 4 week high in a currency pair and hold it until a new 4 week low is hit and then reverse and go short thereafter, simply reverse on new 4 week highs and lows.
Does that sound simple? It is and does it work? Yes it does, the above was devised by trading legend Richard Donchian and it has worked for over 30 years, so don't make your system complex keep it simple.
You should use chart patterns i.e. support and resistance and a few momentum indicators to confirm your trades - two or three is the MAXIMUM you should use and my favourites are - the stochastic, the RSI, MACD, ADX Line and Bollinger bands - try a few of these and you can do very well.
The Rules
should be objective in terms of buying or selling and the system should be based on cutting losses quickly and running profits. Money management is the key to as systems success and your exit strategy should be placed as soon as you enter the trade.
The Percentage of Traders You Win Doesn't Matter!
What does matter is the size of your profits to your losses. I work with long term trend following systems and these lose 70 - 80% of the time but the winners may not be many but there so big in comparison to the losing trades these systems make triple digit gains.
Your Forex System
Most traders think building an objective Forex trading system is hard but it's not - anyone can do it; just remember to keep it simple and robust, employ strict money management and you will have a Forex trading strategy which can make you triple digit gains in 30 minutes a day or less.
NEW! 2 X FREE ESSENTIAL TRADER PDFSESSENTIAL FOREX TRADING COURSE
For free 2 x trading Pdf's, with 50 of pages of essential Forex info and how to Learn Forex Trading and win, visit our website at: http://www.learncurrencytradingonline.com.
Article Source: http://EzineArticles.com/?expert=Kelly_Price
Thursday, 3 June 2010
Wednesday, 2 June 2010
Three Forex Trading Systems That Are Proven Money Makers
If you are in the market for a Forex trading system one would assume a very important feature that would be under consideration would be its money making capabilities. While all of the top rated currency software trading systems are able are profitable when understood and utilized properly, the fact of the matter is that some are better at it than others.
A few words of advice before we discuss the software. First, you can not simply buy the product and start trading tomorrow and think you are going to make money. You need to spend time learning all the functions of the software and how to properly comprehend the data it is able to produce. I recommend you open a free demo account with a Forex brokerage firm and practice trading until you are making money for at least a month's period before trading with a real money account.
Most of these Forex trading systems have an automated feature and I recommend you turn that off and make you own trading decisions based on the information provided by the software and your own individualized trading style. If you don't have a trading style, then simply put you are not ready to start trading. It means you have not taken the time to learn Forex trading from the necessary theories to the exclusive methods. You really should have a strong knowledge of the markets before you invest your funds. Obtaining this education has never been as easy as it is today with the many exceptional currency trading training programs that are available.
Forex Tracer:
The Forex Tracer was developed by investor gurus with many years of specialists currency trading knowledge and constructed by a few of the worlds best software engineers who built into it complex algorithms and detection mathematics designed to produce highly profitable trades in a timely fashion for extended periods. Since it was manufactured by professional traders and software developers that are using this each day themselves, it was intended that the end user receive the tightest spreads, the maximum payouts and the greatest returns on their investments possible.
Supra Forex:
Supra Forex is online piece of software, unlike the vast majority of the other automated Forex Trading Systems, which are usually downloaded to your computer. This means you are able to use it when you are travelling, since to use the Supra all you need is an internet connection. The software is designed to tell you where you should place your stop loss as well as when you should move it to the breakeven point. It does not focus on complicated indicators but its own time tested formulas.
The implantation and comprehending of how to use the currency trading system does not require a long learning curve. Our final rating came out to be a 9 out of 10, it could have been rated higher due to the profit ratios it produced, and if they continue for a longer time frame the rating should increase.
Super Forex Trading:
Super Forex Trading was developed for day trading and for swing trading which also works in any time frame. The software emphasis the fact that the stricter you are with money management rules the better your results will be both in the long term as well as the short term. The system teaches you how to make money in any kind of market. Which every way the separate currencies are moving the swings become evident with The Super Forex Trading system. You are provided with detail charts regarding every possible trading strategy depending on what are happening in the market that day.
During testing one of the features we really enjoyed was how successful the system at allowing to use the volatility in the markets on our side and not against us. In other words, the more volatile the markets were on any given day, the more money we made. While that might scare a lot of potential clients away, if you have a heart on steal and nerves that don't tighten up when everything is not going exactly as expected this scheme allows you to put together some huge gains is a very short period. Its final rating was a 8.5 out of 10 due to the fact although day trading can be a highly profitable strategy to follow it should not be undertaken unless you have been trained in this specific Forex trading strategy.
Each one of the Forex trading systems has been on the market for quite a while now and many people are using them making money each and every day. If you take time to learn the software and to learn Forex trading then it is quite possible that you too could become a Forex money making machine.
We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA
Article Source: http://EzineArticles.com/?expert=William_R._Alheim,_Jr.
A few words of advice before we discuss the software. First, you can not simply buy the product and start trading tomorrow and think you are going to make money. You need to spend time learning all the functions of the software and how to properly comprehend the data it is able to produce. I recommend you open a free demo account with a Forex brokerage firm and practice trading until you are making money for at least a month's period before trading with a real money account.
Most of these Forex trading systems have an automated feature and I recommend you turn that off and make you own trading decisions based on the information provided by the software and your own individualized trading style. If you don't have a trading style, then simply put you are not ready to start trading. It means you have not taken the time to learn Forex trading from the necessary theories to the exclusive methods. You really should have a strong knowledge of the markets before you invest your funds. Obtaining this education has never been as easy as it is today with the many exceptional currency trading training programs that are available.
Forex Tracer:
The Forex Tracer was developed by investor gurus with many years of specialists currency trading knowledge and constructed by a few of the worlds best software engineers who built into it complex algorithms and detection mathematics designed to produce highly profitable trades in a timely fashion for extended periods. Since it was manufactured by professional traders and software developers that are using this each day themselves, it was intended that the end user receive the tightest spreads, the maximum payouts and the greatest returns on their investments possible.
Supra Forex:
Supra Forex is online piece of software, unlike the vast majority of the other automated Forex Trading Systems, which are usually downloaded to your computer. This means you are able to use it when you are travelling, since to use the Supra all you need is an internet connection. The software is designed to tell you where you should place your stop loss as well as when you should move it to the breakeven point. It does not focus on complicated indicators but its own time tested formulas.
The implantation and comprehending of how to use the currency trading system does not require a long learning curve. Our final rating came out to be a 9 out of 10, it could have been rated higher due to the profit ratios it produced, and if they continue for a longer time frame the rating should increase.
Super Forex Trading:
Super Forex Trading was developed for day trading and for swing trading which also works in any time frame. The software emphasis the fact that the stricter you are with money management rules the better your results will be both in the long term as well as the short term. The system teaches you how to make money in any kind of market. Which every way the separate currencies are moving the swings become evident with The Super Forex Trading system. You are provided with detail charts regarding every possible trading strategy depending on what are happening in the market that day.
During testing one of the features we really enjoyed was how successful the system at allowing to use the volatility in the markets on our side and not against us. In other words, the more volatile the markets were on any given day, the more money we made. While that might scare a lot of potential clients away, if you have a heart on steal and nerves that don't tighten up when everything is not going exactly as expected this scheme allows you to put together some huge gains is a very short period. Its final rating was a 8.5 out of 10 due to the fact although day trading can be a highly profitable strategy to follow it should not be undertaken unless you have been trained in this specific Forex trading strategy.
Each one of the Forex trading systems has been on the market for quite a while now and many people are using them making money each and every day. If you take time to learn the software and to learn Forex trading then it is quite possible that you too could become a Forex money making machine.
We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA
Article Source: http://EzineArticles.com/?expert=William_R._Alheim,_Jr.
Tuesday, 1 June 2010
3 Ways to Use an Online Forex Trading System
If you want to get into an exciting and ever changing market where you can make money that is based upon fluctuating currency values, then you should get into an online Forex trading system. There are various ways to do this. Forex is an exciting and fast moving market and can end up making you quite a bit of money in single day if you make good trades. Obviously, the more you know about the Forex market, the better off you will be when it comes to implementing your online Forex system. Here are 3 ways to use an online Forex trading system for your benefit:
1. Use an online Forex trading system that will teach you the ropes. Most people are not very familiar with Forex. This is a market that was closed to the public and open only to investment banks up until about 10 years ago. It is also a market that can be traded easily online using software that is designed to help you make profitable day trades. You should use an online Forex trade system that will help you understand the market so that you know full well what you are doing before you begin trading.
2. Make use of the Forex trading spread. The Forex trading spread is the difference between the values of currencies that you are trading. When you are trading on the Forex market, you are actually trading one currency against the value of another currency. You can choose from many different pairs. You may trade the US dollar against the Australian dollar, for example. The more the US dollar rises and you sell, the more you make. When it begins to fall, you buy. Maintain a Forex spread on your system so that you know when to buy and when to sell, bearing in mind that the fluctuations are not that dramatic.
3. Make use of the Forex trade analysis. This can give you an overall picture of the real money to be made on the online Forex trading system. An election, a war, or other upheaval in a country can lead to large fluctuations when it comes to currency values. Your Forex trading analysis can help you understand not only the small fluctuations, but also the larger ones as well.
You can make money using an online Forex trading system such as software that is designed to help those who want to trade on Forex do so in a way that is profitable to them. If you are looking for an exciting trading market, you will want to try the Forex market.
Confused about Forex Trading? I will help! Learn all about the newest products and best recourses available to finally start making real money in this lucrative field. Save time and money too! Real help is waiting for you at http://www.TopForexTradingSecrets.com
Article Source: http://EzineArticles.com/?expert=Jason_Savage
1. Use an online Forex trading system that will teach you the ropes. Most people are not very familiar with Forex. This is a market that was closed to the public and open only to investment banks up until about 10 years ago. It is also a market that can be traded easily online using software that is designed to help you make profitable day trades. You should use an online Forex trade system that will help you understand the market so that you know full well what you are doing before you begin trading.
2. Make use of the Forex trading spread. The Forex trading spread is the difference between the values of currencies that you are trading. When you are trading on the Forex market, you are actually trading one currency against the value of another currency. You can choose from many different pairs. You may trade the US dollar against the Australian dollar, for example. The more the US dollar rises and you sell, the more you make. When it begins to fall, you buy. Maintain a Forex spread on your system so that you know when to buy and when to sell, bearing in mind that the fluctuations are not that dramatic.
3. Make use of the Forex trade analysis. This can give you an overall picture of the real money to be made on the online Forex trading system. An election, a war, or other upheaval in a country can lead to large fluctuations when it comes to currency values. Your Forex trading analysis can help you understand not only the small fluctuations, but also the larger ones as well.
You can make money using an online Forex trading system such as software that is designed to help those who want to trade on Forex do so in a way that is profitable to them. If you are looking for an exciting trading market, you will want to try the Forex market.
Confused about Forex Trading? I will help! Learn all about the newest products and best recourses available to finally start making real money in this lucrative field. Save time and money too! Real help is waiting for you at http://www.TopForexTradingSecrets.com
Article Source: http://EzineArticles.com/?expert=Jason_Savage
Monday, 31 May 2010
Simple Forex Trading System - This One is Free and Has Made Millions in Profit!
Enclosed you will find a simple Forex trading system which has been making traders money for nearly 30 years and even better, it's easy to understand and apply and its FREE! - let's take a look at it in more detail.
This system will beat ALL the cheap Forex robots you see sold online for a hundred dollars or so because it's been proven in the market whereas most robots simply use back tests over past price history and bend the system to make a profit. Not only has this simple Forex trading system, made countless millions for savvy traders, it was also designed by a true trading legend - Richard Donchian. Richard Donchian is considered the grandfather of modern trend following and this simple system, is based on catching the big trends which yield the big profits.
The system only has one simple rule you need to follow and it's this:
Buy a currency when it breaks to a new 4 week high and hold the open position until a new 4 week low is hit and liquidate the long and go short. You then keep taking positions as new 4 week highs and lows are hit and always keep an open position in the market.
This system is so simple but its simplicity doesn't mean it doesn't make profits - test it and you will see it makes huge long term gains.
Simple Forex trading systems tend to work better than complex ones because they are more robust and have fewer elements to break.
All currencies trend for long periods and all the biggest and best trends, start from breakouts to new chart highs or lows - so the logic is easy to understand and have confidence in. Sure it has drawdown periods but any system does but trade it with a long term view and you can pile up huge profits. You can also add filters to reduce downside volatility during losing periods and we have discussed them in other articles; if you use it in raw form or with a filter, it makes big gains either way.
Before you think about buying a cheap Forex robot which promises you a lot and has never made money, use this system it's delivered millions and it's free.
The system is called the 4 Week Rule so look it up, make it part of your Forex trading strategy and you will an instant way to start seeking the big profits from the big trends and be able to enjoy currency trading success.
New! 2 X Free Essential Trader PDFsEssential Forex Trading CourseFor free 2 x trading PDF's, with 50 of pages of essential Forex info and how to Learn Forex Trading and win, visit our website at: http://www.learncurrencytradingonline.com.
Article Source: http://EzineArticles.com/?expert=Kelly_Price
This system will beat ALL the cheap Forex robots you see sold online for a hundred dollars or so because it's been proven in the market whereas most robots simply use back tests over past price history and bend the system to make a profit. Not only has this simple Forex trading system, made countless millions for savvy traders, it was also designed by a true trading legend - Richard Donchian. Richard Donchian is considered the grandfather of modern trend following and this simple system, is based on catching the big trends which yield the big profits.
The system only has one simple rule you need to follow and it's this:
Buy a currency when it breaks to a new 4 week high and hold the open position until a new 4 week low is hit and liquidate the long and go short. You then keep taking positions as new 4 week highs and lows are hit and always keep an open position in the market.
This system is so simple but its simplicity doesn't mean it doesn't make profits - test it and you will see it makes huge long term gains.
Simple Forex trading systems tend to work better than complex ones because they are more robust and have fewer elements to break.
All currencies trend for long periods and all the biggest and best trends, start from breakouts to new chart highs or lows - so the logic is easy to understand and have confidence in. Sure it has drawdown periods but any system does but trade it with a long term view and you can pile up huge profits. You can also add filters to reduce downside volatility during losing periods and we have discussed them in other articles; if you use it in raw form or with a filter, it makes big gains either way.
Before you think about buying a cheap Forex robot which promises you a lot and has never made money, use this system it's delivered millions and it's free.
The system is called the 4 Week Rule so look it up, make it part of your Forex trading strategy and you will an instant way to start seeking the big profits from the big trends and be able to enjoy currency trading success.
New! 2 X Free Essential Trader PDFsEssential Forex Trading CourseFor free 2 x trading PDF's, with 50 of pages of essential Forex info and how to Learn Forex Trading and win, visit our website at: http://www.learncurrencytradingonline.com.
Article Source: http://EzineArticles.com/?expert=Kelly_Price
Sunday, 30 May 2010
Saturday, 29 May 2010
Forex Trading Systems, How to Find a Company
A forex trading system is all about investing your money anywhere in the world that you choose. All countries have their own stock markets, and this is where you invest money in companies of your own liking, that are located in your own country.
A forex trading system is one that allows you the opportunity to invest in any company or any currency anywhere in the world. A forex trading system stands for foreign exchange investments. A forex trading system is going to give you a return on your money that will differ every time you invest, but that is very similar to the stock market.
The similarities are that you invest in your own currency base, and then when you choose where you are going to invest your money, it is then converted into the currency of the company you are investing in. The exchange rates and broker fees are going to have a determining factor on how much money you can make, and how much money you can lose overall, but the fees and the currencies involved are going to be small compared to the potential amount of money you could make if you are prepared.
Preparing yourself for forex trading systems is really all about learning about exchange rates, where you are going to be investing, learning about the broker you will be using while learning about companies and opportunities you can invest with while using the forex trading systems. Various forex trading systems are available online and offline. You will receive the same treatment online as you would with an offline forex trading systems broker.
You can find a forex trading system company online or offline. What you need to do is find a company that is located in a country you desire, or in your own country. The forex trading systems you deal with should be a company you have spent time investigating and learning more about before putting your investment money into the forex trading system they use. An investment should only be money you can afford to lose. If you are investing money, you want to increase your wealth, but sometimes you are going to lose money. Invest only money you could feel comfortable about losing while you learn any forex trading system.
In finding a forex trading systems company, you will use keywords to search in any major search engine. You will find thousands of pages. How will you know what forex trading system is just right your personal needs? if you can call the company, email the company and you can find references for the company online and offline, you can then determine if you are comfortable using the forex trading system they are providing. A company that is just too pushy, or that doesn't offer great customer service doesn't need your business. Find a forex trading system company that is going to treat you great, no matter how much money you are investing.
Kenneth Langlet is an independent writer and owner of the website http://www.broker-trading-system.com/ where you can get more information about forex trading system.
Article Source: http://EzineArticles.com/?expert=Kenneth_Langlet
A forex trading system is one that allows you the opportunity to invest in any company or any currency anywhere in the world. A forex trading system stands for foreign exchange investments. A forex trading system is going to give you a return on your money that will differ every time you invest, but that is very similar to the stock market.
The similarities are that you invest in your own currency base, and then when you choose where you are going to invest your money, it is then converted into the currency of the company you are investing in. The exchange rates and broker fees are going to have a determining factor on how much money you can make, and how much money you can lose overall, but the fees and the currencies involved are going to be small compared to the potential amount of money you could make if you are prepared.
Preparing yourself for forex trading systems is really all about learning about exchange rates, where you are going to be investing, learning about the broker you will be using while learning about companies and opportunities you can invest with while using the forex trading systems. Various forex trading systems are available online and offline. You will receive the same treatment online as you would with an offline forex trading systems broker.
You can find a forex trading system company online or offline. What you need to do is find a company that is located in a country you desire, or in your own country. The forex trading systems you deal with should be a company you have spent time investigating and learning more about before putting your investment money into the forex trading system they use. An investment should only be money you can afford to lose. If you are investing money, you want to increase your wealth, but sometimes you are going to lose money. Invest only money you could feel comfortable about losing while you learn any forex trading system.
In finding a forex trading systems company, you will use keywords to search in any major search engine. You will find thousands of pages. How will you know what forex trading system is just right your personal needs? if you can call the company, email the company and you can find references for the company online and offline, you can then determine if you are comfortable using the forex trading system they are providing. A company that is just too pushy, or that doesn't offer great customer service doesn't need your business. Find a forex trading system company that is going to treat you great, no matter how much money you are investing.
Kenneth Langlet is an independent writer and owner of the website http://www.broker-trading-system.com/ where you can get more information about forex trading system.
Article Source: http://EzineArticles.com/?expert=Kenneth_Langlet
Subscribe to:
Posts (Atom)
