Effective Preparation For Robotic Trading

By John Eather

What may be the best for some may not be the best for others. It's important to know exactly what you're looking for when it comes to choosing the best software that will produce the best results with Forex trading or investing.

In the unstable economical situation that we have found ourselves in as of late, one financial market has seen a 41% surge in trading and profitability than in previous years. Forex trading, or more technically known as Foreign exchange rate trading has kept both brokers and traders happily busy during these uncertain times.

So much so that people who would otherwise have turned a blind eye to this lucrative market, are now not only taking notice, but wanting a piece of the action themselves. With Americans looking for each and every single way to cut out the middle man, as to walk away with their share plus some, now more than ever they are turning to a technology that has been around for years.

Robotic currency trading has been utilized in the exchange market for at least a decade, but not very much. However, the technology behind such a machine was reevaluated over recent years and subsequently updated to produce more profitable and stable results.

The end product of this quest for the best has afforded the world with newer, smarter, faster robotic traders whose forex investing intervention in the way the market does business could just mean the difference between making hundreds, or making thousands of dollars.

When seeking out the right match for your needs, both price and results are two of the major points you will want to take a look at. First off, disregard any robotic software that cannot show live feed of one of their products in action. You can sit and listen all day to someone drone on and on about just how great this thing is, but it is not until they allow you to physically inspect the methodology of its programming actually producing results that you would be able to base a solid decision upon.

With many offerings out there in the world of forex investing, all promising equally staggering results, it's important to educate yourself. Find a product that interests you, but then do your research about it to ensure that it can and will do exactly what it is you are looking for.

Thankfully, the internet has opened the door for millions of people to be able to do just that. Read reviews on the software, watch the actual robot live and in its element, only then will you truly be prepared to know without a doubt what works best for you. - 23223

About the Author:

Make sure you check out John Eather's brilliant free ecourse and reports about Online Forex Trading. Obtain the latest information on the most cutting-edge trading robots and trading systems available in the marketplace nowadays. Go to MoneyMakingFxTrader.com for more details.

The Intelligent Way to Handle Your Savings

By Rick Amorey

Our nation's current state of economy is far from being a secret. There are layoffs happening all around, an overall increase in prices, and controversies regarding insurance fraud with payments. With all these happening, it's unsurprising that the road seems endless and the distant light is dim. But it's important to remember to keep on going in these troubled times.

Jobs are getting more and more difficult to come by these days; that much is true. And a lot of people have been suffering from being unemployed. This implies that frugality is now in effect, but it doesn't mean that we should totally hide our money away from the world. Alternatively, we could find a way to use a fraction of that money to earn something. Invest and put that money to work for you, instead.

We are in an economic crisis, so it's best to put your savings into an investment that is low in the risk factor for the time being. Remember that a courageous backing of your investment should go hand in hand with common sense. If you're unemployed at the moment, you'll not be able to afford a big loss in the market.

How will you be able to tell if an investment is as good as it seems? For that, there is no easy answer, I'm afraid; but if you put in a little time to study it, you'll learn that the world of high finance isn't as complicated as you'd think. Soon, you'll be able to judge if a deal is high-risk or safe to invest in.

Remember the fact that there really is no quick way to increase assets overnight. It will take patience hastened by a skill to notice and seize opportunities to earn big. You may also want to go for the slower and surer path, and get decent returns that will help you see through the economic crisis. - 23223

About the Author:

Do not fall for get-rich-quick schemes that are rampant on the Internet! With the help of Emini Trading, you will learn a disciplined, solid methodology that will get you to consistently earn more and more with trading. Join the Emini Trading System now!

Forex Trading- Who wants to be a millionaire?

By Forex Trading

We all want to make money from trading, and we all want to make millions from the stock market of the forex market. However it is a well know fact that over 90% of traders will in fact go broke and not become successful. So if we are to look at who does become successful there is a group of people that tend to become more successful than others.

There is a group of individuals who tend to make the better traders and their non mathematicians or College educated, they have a skill that anyone can actually learn and their very successful. The group of individuals I am referring to are...

Professional card players who are great at Blackjack and poker and the exact same skills you need in these games are the ones you need in Forex before we explain why lets dispel one of the greatest myths about Forex Trading:

One reason for this is if you watch all great card players, they will all have one common trait, which is patience. They also realize that they cannot win every hand, and as traders we cannot win every trade. If we understand this we are increasing our chances of success as a trader.

We also must realize there is more trading days to come, as there is more cards to be dealt. So if we miss a trade, don't trade for trades sake.

Forex Trading is Complicated

To enjoy Forex trading achiever does not take you have a college education or have a complex Forex trading strategy or knowledge of maths and the reason is simple - Forex trading is simple and if you get a system to Complicated it will break in the ever changing brutal world of Forex Trading. Also as humans we like to complicate things and we believe that if they are complicated, then we are smarter therefore it makes us feel better. Quiet often though simple things will make us a lot of money. This can be also looked at with trading strategies, keep them simple.

Mathematics doesn't aid, because markets don't move to certainties, you are only trading with odds and probabilities and that's why card players are so great at Forex trading.

Here are the reasons card players make such great Forex traders.

1. They are Patient

They wait for the right hand and only play when the odds are in their favour. Contrast this with the bulk of Forex traders who are always in the market or trying losing strategies like scalping. In Forex Trading you don't get rewarded for trading often, you get rewarded for being right.

2. The Ability to Fold

A fabulous card player will pass hands by when the betting odds are non in his favour and he is also happy to fold when in a hand, if he doesn't think he will win. He keeps his losses tight and he doesn't mind dealing them, as he knows his time will follow.

Most Forex traders on the opposite hand simply can't do this and run losses or get disappointed, as their emotions get involved.

3. Courage at the right Time

The fabulous card player knows when a great hand comes up, he needs to maximize his potential and will milk as much money from it as he can. They are prepared to bet huge amounts and hold on with discipline and win.

Contrast this with the average Forex trader who banks his profit early or bets 2% and thinks he is going to make a lot of money. In Forex trading, you need to hold and profit from long term trends and have enough riding on them to make a great profit.

4. discipline discipline discipline!

You have heard about how serious it is in Forex Trading and it is to take loss after loss as the market hurts your ego and makes you look stupid is hard. Most traders cant do - Professional card players know it's the key to success and are mentally prepared to do this and know they will hit a home run.

Keep it Simple.

Forex trading is simple and always has been and the huge difference between winners and losers is the correct to keep losses small and bet big amounts when the time is right.

That's why card players often become multimillionaire traders - there not interested in ego, being clever or Complex - but being able to make money and that's why this group enjoy Forex trading success.

Now that we have the patience and are ready to trade we need to find the Best Forex Broker which broker has most of the aces? Well visit us at CFD FX Report and we can show you who we recommend. Or you can email us at support@cfdfxreport.com

Happy Trading - 23223

About the Author:

CFD FX REPORT is the forex report and cfd report that traders need. We help our members with stock market education, finding a forex broker, finding a cfd broker. If your not using the best your costing yourself money!

The Essentials of technical Analysis: Part II

By Jack Haddad

Charting:

The time frame used for forming a chart depends on the compression of the data: intraday, daily, weekly, monthly, quarterly, or annual data. Traders usually concentrate on charts made up of daily and intraday data to forecast shorterm price movements.

The shorter the time frame and the less compressed data is, the more detail that is available. While long on detail, short term charts can be volatile and contain a lot of noise. Large sudden price movements, wide high-low ranges and price gaps can effect volatility, which can distort the overall picture. Long term charts care good for analyzing the large picture to get a broad perspective of the historical price action. Once the general picture is analyzed, a daily chart can be used to zoom in on the last few months. Four of the most popular methods of displaying price data are by the following charts: line bar, candlestick, and point & figure. The line chart is one of the simplest charts. It is formed by plotting one price point, usually the close. For that matter, I don't favor them because I personally consider the open, low, and high to be as important as the close in technical analysis. However, at times, only closing data are available for certain indices, thinly traded stocks and intraday prices. Bar charts are perhaps the most popular charting method. The high, low, and close are required to form the price plot for each period of a bar chart. The high and low are represented by the top and bottom of the vertical bar and the close is the short horizontal line crossing the vertical bar. On a daily chart, each bar represents the high, low, and close for a particular day. Weekly charts would have a bar for each week based on Friday's close and the high and low for that week. Bar charts can be effective for displaying a large amount of data.

Using candlesticks, 200 data points can take up a lot of room and look cluttered. Line charts show less clutter, but do not offer as much detail (no high-low range). The individual bars that make up the bar chart are relatively skinny, which allows users the ability to fit more bars before the chart gets cluttered. If you're not interested in the opening price, bar charts are an ideal method for analyzing the close relative to the high and low. In addition, bar charts that include the open will tend to get cluttered quicker. If you're interested in the opening price, candlestick charts probably offer a better alternative. The beauty of Point & Figure charts is their simplicity. Little or no price movement is deemed irrelevant and therefore not duplicated on the chart. Only price movements that exceed specified levels are recorded. This focus on price movement makes it easier to identify support and resistance levels, bullish breakouts and bearish breakdowns. Contrary to this methodology, Point & Figure charts are based solely on price movement and do not take time into consideration. The topic on candlestick charting is broad and beyond the scope of this article. This method of charting originated in Japan over 300 years ago, and have become quite popular in recent years. For a candlestick chart, the open, high, low, and close are all required. A daily candlestick is based on the open price, the intraday high and low, and the close. A weekly candlestick is based on Monday's open, the weekly high-low range, and Friday's close.

Trendlines:

Trendlines are an important tool in technical analysis for both trend identification and confirmation. The general rule in technical analysis is that it takes two points to draw a trendline and the third point confirms the validity. An up trendline is formed by connecting two of more low points. The second low must be higher than the first for the line to have a positive slope.

Up trendlines act as support and indicate that net-demand (demand less supply) is increasing even as the price rises. A downtrend is formed by connecting two or more high points. The second high must be lower than the first for the line to have a negative slope. Down trendlines act as a resistance and indicate that net-supply is increasing even as the price declines. - 23223

About the Author:

Dr. Jack Haddad, MD, MBA has been professionally trading the stock market since 1997 and had an annualized return of 39.4%. Dr. Haddad has recently launched MD Capital Management, an Investment Fund with Charles Schwab. The fund utilizes option hedging techniques to generate returns while minimizing risks. For more info, visit Jack's online group: MD Capital Management.

Where To Place Stop Losses?

By Hass67

Currency prices in the forex markets are always jumping up and down. Forex markets are volatile most of the time. In the short term, you will only find noise in the intra day forex market. This makes it difficult for new day traders to know how to put a stop loss. Most of the time, prices in forex markets jump 10-20 pips for no apparent reason.

This becomes frustrating for many new day traders. Most constantly find their stop losses being tripped due to noise even when the rates are going in the anticipated direction.

Many new forex traders develop the habit of using a static 10-20 pip stop loss. This is an arbitrary decision. Many also try using a trailing stop loss. However, if placed too close; your stop hits too early. And if placed too far; you will have to forgo potential profits if the price retraces later on.

The actual reality is this that many professional forex traders do use stop loss but mostly place it on their computers making it invisible from their brokers. A better method to place a stop loss is by using a dynamic level that changes as the market rate changes.

Stop hunting is something the brokers are continuously doing. If a broker finds many stop losses at a particular price level on his price feed; he can easily trip them using a momentary blip in the price. You cant even complain. The momentary spike happened due to a sudden large transaction in the market.

However, many professional forex traders only use a stop loss in their mind. They continuously keep on updating it until they get the desired outcome. But you will need a lot of experience trading the forex markets to do this.

Moving Averages, Bollinger Bands, SARs etc can be easily used as dynamic stop losses by you. It is a good way to manage your risk while letting the currency markets to do what it wants.

The more experience you will develop as a forex trader the more you are going to understand that placing fixed stop losses actually hurts more. Using fixed stop losses can hurt you more emotionally, psychologically and profit wise than help you.

You should not try to trade before or after a major economic news release. You should not try to place stop loss close to or at round numbers. And you should also not try to trade in times of thin liquidity in the currency markets.

You should understand that your broker can and will use stop hunting to take out your positions using noise in the market as an excuse. Forex trading and casinos have many things in common. You should learn how to beat the markets and the brokers only then you will become a successful forex trader. - 23223

About the Author:

Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in investing; options and forex trading. Discover a revolutionary new broker buster Forex Robot. Learn Forex Trading!