Forex Automated System

Saturday, February 28, 2009

Electronic Currency Trading - an Opportunity For Wealth For All

Electronic currency trading has bought the vast potential of this market to anyone with an internet connection and a computer and some small seed capital. Here we will look at how anyone can learn to trade currencies and enjoy success if they follow some basic guidelines.

The first point to make is that over 95% of traders who try electronic currency trading lose their money and the reason is they either get the wrong education or do not have the mindset for success. So what do you have to do to be successful?

First let's take a look at the advantages trading currency online gives you and here are just a few.

- Anyone can learn currency trading and succeed - no special education is required

- You only need an internet connection and some seed capital

- You can trade for big profit opportunities every day

- There is never a recession, as one currency rises another must fall and vice versa

- You can trade in around 30 minutes a day or less

- You can leverage your investment by 200:1 or more!

As you can see there are many advantages of currency trading but you need to know how to use them and use them wisely especially leverage. Leverage is the key to big gains but it also wipes out more trading accounts than any other factor.

Leverage is simply the ability to invest more than you have in your trading account. If you have $500.00 in your account and leverage by 200:1, you have the potential to trade $100,000!

Be Careful With Leverage

The reason most traders lose is they don't understand how to use leverage. While 200:1 is tempting to use, on small accounts it leads to a swift wipe out of equity. If you have a small account 20:1 is plenty to use.

Be Patient

The other point to keep in mind with electronic currency trading is that while there are opportunities to trade each day, you only want to trade highs odds trades and this means being patient and trading infrequently.

Another reason novice traders lose is they simply trade too much and trade low odds scenarios.

If you want to make money at electronic currency trading, trade high odds set ups and they come around only every few weeks but remember you don't get rewarded for trading often, you get rewarded for being right.

I know traders who trade less than 20 times a year yet make triple digit gains and you can to!

Discipline is the Key

The key to currency trading profits is to have a robust simple currency trading system you have confidence in and can apply with discipline.

You must be able to apply your system with discipline through losing periods, until you hit a home run (which you will if your system is based on sound logic), in currency trading you have to lose to win and not lose discipline.

The Road to Currency Trading Success

Currency trading looks easy but of course appearances can be deceptive and while anyone can learn to trade currencies, you need to get the right forex education and mindset and apply your trading system with confidence and discipline.

Electronic currency trading, if you prepare yourself correctly can be the gateway to a lucrative second or even a life changing income. Its exciting, its fun and if you put in a bit of effort, you can enjoy currency trading success.

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For free 2 x trading Pdf's, with 50 of pages of essential info on Electronic Currency Trading visit our website at: http://www.learncurrencytradingonline.com.

A view of Fannie Mae headquarters is seen in Washington, DC. Troubled US mortgage finance giant Fannie Mae said Thursday it lost almost 60 billion dollars last year and asked the Treasury Department for a further 15.2 billion dollars in aid.(AFP/Karen Bleier)AFP - Troubled US mortgage finance giant Fannie Mae said Thursday it lost almost 60 billion dollars last year and expected to suffer more losses in 2009, and asked for a further 15.2 billion dollars in government aid.

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Saturday, February 21, 2009

Forex Trading Education - Two Types of Trading Analysis

Alright so you've decided you want to trade Forex and you want to learn the basics; regardless whether you're trading solo or with an autopilot trading system; this is always a good thing. Knowledge is power right? No it won't power your lamp... put that down and get in the corner.

Okay so the first type is pretty basic, well they're both relatively basic but this one is much easier to understand; it's called "fundamental analysis". Fundamental analysis is essentially looking at the market through economic, social and political forces that affect supply and demand. Cutting through all the babble it basically means you're figuring out what country's economy is doing good and which country's economy blows. The concept is when a country is doing well; their currency will be doing well too.

The second type of trading analysis is known as "technical analysis" (maybe you've heard of it?). This is the study of movement; people look at charts that list the historical price movement and based on the price action try to determine whether the price will go up or down. The goal is to look at charts and find trends and patterns to help you capitalize on good trading opportunities. Simply put, the most important thing you will learn with technical analysis is the trend; maybe you've heard the saying "the trend is your friend". You're much more likely to profit when you can identify a trend and trade in same direction.

So which do you use and which is better? For some reason people feel like they need to limit themselves and pick one; I don't get it. When someone tells you to use just one ignore them! Both fundamental and technical analysis have their advantages so why not use both? That's just good logic as they both affect the market.

For reviews of the top three Forex trading systems, including the formerly-private-now-public Forex Funnel, click here: http://forex-funnel.the-perfect-solution.com/

People walk past a Citibank branch in downtown Washington February 20, 2009. (Yuri Gripas/Reuters)Reuters - Financial regulators will soon launch a series of "stress tests" to determine which of the largest U.S. banks should get bigger capital cushions in the event of a deeper recession, a person familiar with Obama administration plans said on Saturday.

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Thursday, February 12, 2009

Philippine Peso Dollar Exchange Rate

Forecasting what the Philippine Peso Dollar Exchange Rate would be is not as simple it may look. There are a lot of variables to look out for, the economy, government, news and environmental factors contribute to what the Philippine Peso Dollar Exchange Rate would be for the day. It is govern by supply and demand. When one is in this field of buying or selling dollars, be an importer, exporter, traveller or a currency changer, they will do have a hunch on what the Philippine Peso Dollar Exchange Rate be.

The trend most of the time for the Philippine Peso Dollar Exchange Rate to go down is during June and December. Most Oversea Workers send a lot of remittances to the Philippines during June for enrollment and specially on December, Christmas holidays. A slight increase in the Philippine Peso Dollar Exchange Rate on the months of January and September where importers pays out goods purchased.

Decades ago, the Banko Central ng Pilipinas controlled the Philippine Peso Dollar Exchange Rate to a fix twenty six pesos P26 to a dollar. Today, the Philippine Peso Dollar Exchange Rate is governed by the supply and Demand of it. Since 2004, Peso has been gaining and appreciating from the dollar. From a high of Fifty six pesos P56 on the year 2004, it has come around to Forty four P44 now, October 2007. The Philippine Peso Dollar Exchange Rate has not really been going down each day, there are also times when bad government news affected a slight increase on the Philippine Peso. But because of good economic performance Peso has been gaining stronger.

The Philippine Peso Dollar Exchange Rate has also been strengthening because of the poor economic update on the United States. United States has been in economic crisis which has also have a strong effect on the Philippine Peso Dollar Exchange Rate.

Economist has predicted for Peso to strengthen up to Forty Pesos P40 this coming Christmas holiday where Remittances would be fast coming in the Philippines. Oversea Workers mostly send remittance during this season. But the Oversea Workers and Exporters has been complaining of the sudden downfall of the Philippine Peso Dollar Exchange Rate. Oversea workers should be remitting more to cope up with the exchange rate, thus working more hours or having lesser savings. Exporters have also been complaining on the low exchange rate, their dollar earned when converted is much lesser now a days. There are a lot of exporters who have closed down due to their crisis right now. On the contrary, there are a lot of happy importers, and dollar spenders. They can buy goods much cheaper with the Philippine Peso Exchange Rate going down.

It may not be easy on how to predict what Philippine Peso Exchange Rate would be, but hope it has given you a few insights and tips on it.

http://www.remittance-philippines.blogspot.com

A Toyota Prius is shown in an holding lot at the Port of Long Beach in California December 4, 2008. (Fred Prouser/Files/Reuters)Reuters - Toyota Motor Corp on Thursday offered buyouts to some 18,000 U.S. workers and said it would cut pay for executives and blue-collar workers in its North American manufacturing operations in response to plunging auto sales.

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Forex Trend Trading - The Early Bird Gets the Cash

Trend trading is where the big money is in the Forex market. While there is money to be made in counter-trending markets, there is only so much that can be made when the market is essentially moving sideways.

Trading when the market trends is where there is the opportunity to make (and if you're on the wrong side without a stop-loss, possibly lose) major money.

A market goes into a trend anytime there are more buyers than sellers or more sellers than buyers over a prolonged period of time. This trend can be with prices going up (more buyers than sellers) or down (more sellers than buyers). There is money to be made regardless of which way the trend goes, since all trading is done with pairs.

Figuring out the best way to trade trends involves knowing extensive technical analysis, so having a proven and profitable trading system helps immensely. Without a prove and profitable trading system, it's very unlikely that over the long run, you will profit from Forex trend trading.

While there are all sorts of technical tools for analyzing trades, the simplest way to spot a trend, or what might be the beginning of a trend, is to watch and see if each time period's high keeps getting higher, indicating the market is steadily trending up in price, or if each period's low continues to get lower, indicating a downward trend in price.

If you decide to use bands to help your trend trading, remember that a basic rule when using bands is to wait and see when the high price penetrates the upper band. This is your signal that an upward trend is about to start. You want to buy when that price penetrates the upper band and go long, with a trailing stop loss. There's a good chance the market will make an upward trend that a long position can profit from.

When the price penetrates the lowest band of your corridor, you want to sell and go short, watching the market for any confirmations on any further trends, counter-trends, or pivot points that indicate a trend reversal.

The basic goal of trend trading strategies is always the same. While you don't want to be the first to test the market, once a market trend reveals itself: join the move early!

Then hold your position, making as much money as possible, until the trend reverses and then get out. This is where using a trailing stop loss can help maximize the profits you earn from any market movement.

Trend trading is where the big money is at, and recognizing and getting in on trends early will make you a very happy (and wealthy) trader in the Forex market.

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/

From Jason Fielder, Founder, ForexImpact.com

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Wednesday, February 11, 2009

Automatic Forex Trading For a Living - Why the Vast Majority of Forex Robots Don't Win

There is a huge industry in telling you it's easy to make money automatically and with no effort but the fact is most automatic forex trading robots will wipe you out...

First most robots are sold on the basis they work and make money and they produce track records which are astounding to support this but read 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.

And to completely ruin the track record we get this and its obvious why you should discount it

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".

I don't need to explain that the above discounts the track record completely.

You need to understand that clever marketing copy and a glossy package cannot disguise the fact that the system has not been proven for what you are actually buying it for which is to make money.

These systems appeal to greedy, lazy and nave traders who fall for the idea forex trading is easy and you have to make no effort to make money. They believe they are going to get financial freedom given to them and it costs them the price of a lunch. Well, common sense tell you that isn't correct!

No you knw it I know it, there is no easy money or guru about to lead us to the promised land and the whole world has not started trading and quitting there jobs (which they would do if the track records were real) for now the science fiction idea of robots working for you and you putting your feet up is a long way off in forex trading!

How to Win with a Forex Trading System

You can make good money though with a forex trading system, you just need to be realistic and find a decent system.

So are there any decent forex robots for automatic forex trading?

Yes there are a few sold with real track records and will pay for themselves numerous times over if you keep in mind the following:

1. Get a track record audited over 2 years plus
2. Check the drawdown and time to recovery and make sure you are comfortable with it
3. Make sure you understand how and why it will work so you can trade with discipline
4. Judge it over periods of years not months

Automatic forex trading can be successful just make sure you find the right system, have confidence in what you are doing, trade with discipline and look at it over years rather than months, do all this and you will be rewarded with currency trading success.

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Traders work at the stock exchange in Frankfurt, western Germany, in 2008. Europe's main stock markets diverged in a narrow range on Wednesday after a slump on Wall Street overnight as traders gave a lukewarm response to a stepped-up US stimulus package.(AFP/DDP/File/Thomas Lohnes)AFP - Europe's main stock markets diverged in a narrow range on Wednesday after a slump on Wall Street overnight as traders gave a lukewarm response to a stepped-up US stimulus package.

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Forex Trading For a Profit

How many people can claim that they are able to make consistent profits when they trade Forex? Of all the Forex traders in the world only 5%can make it as traders.

This statistics is shocking but if you have been reading up on the Forex markets, you will understand that there are some people who can make it and many that fail.

To make money in Forex there are some things that you as a trader will require.

Trading Plan
Trading system
Money Management plan
Well funded account
Spare funds
DISCIPLINE
Experience

In this article and the next few articles we will cover the above points in greater detail.
Let us explore in detail how a trading plan is useful for you a trader to make profits consistently when you trade Forex.

A trading plan is the start of all trading activity. A well-formed trading plan comprises of these elements:

1. Profit objective. How much money do you want to make, there are some plans that I have seen that tell you to let your profit run when there is a chance. My view is that trading is like a business. Would you rather have a lifetime customer that comes back daily or would you sell one item and then hope another rich customer comes along? You might make big dollars each time you do a sale, but compared to the power of regular compounding these "big dollars" are nothing at all.

2. Established risk factors. This is really part of money management; then again money management should be the basis when you form your trading plans. When you have established the risks you can take, this protects your current investment. Now that you know what your risk is, each trade you do will give you the assurance that regardless of the outcome (profit or loss) you will have established a mechanical system. A mechanical system will give to you more successes in regular long term trading as it removes the human emotive state thereby reducing human error. (I cover more on this in my free ebook)

3. A moving stop loss. This is another part of the plan can't be missed out. Ok so you say you got a stop loss level set. But do you know that within certain parameters you can and should move your stop. Some examples are when you have set your primary stop at the resistance level and the price is moving closer to your trading stop. Now the trend is a down trend and that this is a news related price spike. So you can shift your stop loss 5 pips. For me, depending on the time frame I trade in, the amount of pips I shift my stop loss will range from 5 to 10 pips. But a word of caution here, you have to be absolutely sure that it is a price spike caused by news and that the trend is strong. If not do not shift your stop loss at all. Accept your defeat at this trade then move on to win a few more!

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. For a limited time get his free Money Management to a Million Dollars e-course here: http://www.pipsalot.com

A home for sale in the Noe Valley neighborhood is seen in San Francisco, California February 3, 2009. (Robert Galbraith/Reuters)Reuters - The U.S. trade deficit shrank 4 percent in December, as the global financial crisis cut U.S. imports and exports for the fifth straight month, while U.S. demand for mortgages tumbled nearly 25 percent last week as potential buyers held out for better terms.

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Tuesday, February 10, 2009

Smart Forex Trading

I'm just wanted to take the time with you to today to share smart forex trading advice. This can be a very tough business for a lot of people. Losses can come at you quick and you can lose all your money fast. When you know how to play smartly, you're in the position to build and protect profits.

What moves the markets?

Most of the time, the prices of currency are moved just by natural market forces like supply and demand. But there is one thing about currency that you have to understand, it's fiat. Fiat means that money doesn't have any value in itself, it's just paper. This means that their is an emotional side to the price of a currency, which traders have a hard time measuring.

The best way to identify these factors is the health of the economy. The economy or societies belief in the economy, is what really holds up the value. If people don't trust the economy or think it's on a down trend the currency will go down. People typically don't view the economy as bad, they usually hear it on the news. This brings me to my point; watch the news. There is a lot of information being presented that really does have an effect on the price of currency.

When to trade?

With this being the foreign exchange market, you have 24hrs of the day to trade, so when should you do it? The best time in my opinion is during high volume times. That is the time when most people are trading. The reason is simple; you can guarantee to yourself that no one trader can manipulate the price of a currency, which can be done during low volume times.

The Super Forex System is a sophisticated techniques to conquering forex trades. It offers excellent strategies that can help increase your profits. Check out my review on the Super Forex System

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