Do Forex Robots Work? - Automated Forex Trading - Three Facts of Automated Forex You Must Consider.

By Adrian Pablo

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.

www.ForexRevolution.com

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:

www.ForexRevolution.com

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: www.ForexRevolution.com

Forex Trading - Geography & Schedule

The forex market is a global market with the highest volume of transactions compared to other capital markets. You can trade forex 24 hrs a day and during most of the week (in fact you can trade forex 5.5 days of the week). Trading just stops during the weekend, but not the whole weekend. Trading restarts Sunday evening thanks to the worldwide distribution of the main currency markets. It's like a global race where the post is passed hand to hand from east to west in such a way that you are never left without a market open to trade along the day.

Being more specific, most of the forex market transactions take place in the U.S.A and U.K with a bit more than 50% of the total amount, but obviously they are not the only countries participating in this huge market. The trading day starts in New Zealand and then follows Australia, the Middle East, Europe and America. The major forex markets are London, New York and Tokio.

As a forex trader you should always be looking for placing your trades at the times of major activity in the market so you can use your technical indicators during defined trends and have a much higher probability of having profitable trades.

With this in mind, by now you should be asking what the schedule is of the forex markets around the world. This schedule can be divided like this:

New York : 8 am - 4 pm EST
London: 2 am - 12: pm EST
Tokyo: 8 pm - 4 am EST
Australia: 7 pm - 3 am EST

From this schedule you can easily see that there are two times during the day when the major markets overlap; between 2am and 4am EST (Tokyo/London) and between 8am to 12pm EST(London/New York).

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:

www.ForexRevolution.com

Forex Trading For Free & For Everyone

by Adrian Pablo

Maybe you are only testing the waters and learning the basics of the Forex market, but that doesn't mean you should be left on the side and without access to a trading station and the ability to enter trades in real time. That's something every aspiring Forex trader needs in order to feel the real emotions and sometimes hard decisions a profitable Forex trader must make.

The good news is that there exists something called "Demo Accounts" and that all reputable Forex brokers will make available to their clients. With an account of this kind you will be able to use the same trading station software used by more experienced and professional Forex traders. With this account you won't need real money from your pocket at all. You will be given an amount of "dummy money" you can use to enter trades in the market and this way you will test how good you really are trading the currency markets.

With this kind of account you can test how much you have understood about technical indicators as Fibonacci levels, Bollinger bands, Exponential Moving Averages, etc. You will be free to commit any mistakes and learn how to fix your trading in such a way that within a short time you will be ready to start trading with real money and with the confidence that you will be trading over a field you already know in great detail. This confidence will boost the amount of profitable trades you make and in consequence your losses will be kept at the minimum possible.

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: www.ForexRevolution.com