Sunday, July 31, 2016
Friday, December 12, 2014
Tuesday, December 9, 2014
Saturday, January 18, 2014
Friday, June 25, 2010
Do Forex Robots Work? - Automated Forex Trading - Three Facts of Automated Forex You Must Consider.
There are many Forex trading systems out there with a number of characteristics that make them special and suited for specific trading needs depending on what the forex trader wants and what he is willing to learn. But among these different systems those called "automated forex trading systems" are the ones that more highly attract the interest of many traders, new or experienced, due to their capability of making the trader's life easier and taking the psychological burden that every speculative activity carries in itself off the shoulders of those who learn and understand how an "automatic forex trading system" works.
It is the goal of every trader to make money from the Forex market, this is to be a profitable trader; and by using an automated trading system it can be done with a shorter learning curve than if a regular system was used for this purpose. But before you consider an "automated system" there are some things to consider, for example:
1. Check twice so you are sure that the system you will be buying offers a reliable customer service support. This way you won't find yourself all alone if times come when your trading with the system gets tough or you need help with some detail of its functioning.
2. Stick to the money management strategies that the system you got indicates you. It's overly important that you follow good money management strategies in order to be always in the money in the trading world; even more if your trading systems has it built in itself.
3. Once you have bought your new system take the time to understand how it functions, not all "automatic forex trading systems" are the same. Read the guidelines included and even ask all you must to the author or authors before you trade with real money. As always it's a good idea to start paper trading before you use real money. This way you will gain the needed confidence in the use of the new system and the odds of you being a profitable trader will grow pretty high.
Sunday, June 20, 2010
Forex Trading - Trend & Trendless Market Details You Must Know
Forex trading is a great way of making money from home or from any other place you like to be and is not precisely an office. But if you want to make really good money trading the currency markets you must learn the basics of their behavior, and one of these basic points you must know is the fact that they have a clear tendency to move in trends.
If you have any doubt about this fact you can just open your trading station or any website showing forex charts and there you will see how the market oscillates and depending on the time frame you are using to see the chart, and even without having a lot of practice, you will probably see how a trend develops in front of your eyes (usually they are more clearly seen using the longer time frames) . Sometimes a trend is not that easy to see, so don't feel bad if you can't see the trend in your first look at the charts.
In general we can talk about two kind of markets; trending markets and trendless markets. As a forex trader you should always look for the trending market which is the more predictable kind of market you can find, this menas that it will be much easier for you to make a profit in trending market than in a trendless market.
A trending market can have two patterns; you can see an "uptrend" which is a pattern of higher highs and higher lows. And also you can have the opposite which is a "downtrend" showing a pattern of lower lows and lower highs.
A trendless market has erratic price movements as its main characteristic and we can find two main patterns in a market showing this behavior; a "choppy market", this is, an erratic pattern of higher highs and lower lows and also we can find a "sideways" market with a strange pattern of higher lows and lower highs. As I just mentioned above this kind of market is not recommended to trade.
Forex can be a great way of making a living from home or anywhere else your laptop and internet connection happens to take you. Learn more about the basics of forex trading and the best forex trading systems in the market right now:
Wednesday, June 16, 2010
Two Forex Indicators to Consider in Your Trading
Forex trading can be a great option to earn an income these days, especially if you are looking for an activity you can do from home or from anywhere else as long as you can have access to an internet connection and without the need of having a fixed office seat where you must be present and attached the entire day.
But similarly to most activities and professional occupations you must be willing to learn the basics of forex trading in order to be successful and become a profitable trader. Among the things you must learn as a forex trader you will find that technical indicators will be of great help so you can predict with a high accuracy the behavior of the forex market before you finally enter a trade.
The obvious reason for working on making these predictions is to be as profitable as possible and avoid by all means to incur losses in your account. Two important forex indicators you should consider are "Bollinger Bands" and "Fibonacci Retracement Levels".
"Bollinger Bands" analysis is based on the observed behavior that currency prices tend to stay within the space formed by the tracings of an upper and a lower band. The gap or spacing between the bands varies depending on the volatility of the market. These bands are plotted two standard deviations above and below a simple moving average (SMA). When prices are closer to the upper band, this I s, above the SMA then it indicates a sell signal, and if the prices are below the SMA and closer to the lower band this will indicate a buy signal.
"Fibonacci Retracement Levels" are based on a sequence of numbers that are closely tied to many cycles we can observe in natural phenomena. These levels are very effective as a prediction tool in forex trading , this means that by using Fibonacci analysis you can predict when the trend of the market will change and use this information in your favor. The most common Fibonacci ratios use to determine the retracement levels are these: 23.6%, 38.2%, 50%, 61.8% .
Forex can be a great way of making a living from home or anywhere else your laptop and internet connection happens to take you. Learn more about the basics of forex trading and the best forex trading systems in the market right now: |