Automatic Forex Trading Systems - Which Automatic Forex System Is The Best?

by James V. Jackson
The Forex market is the largest financial market in the world. It is open 24 hours a day, 5 days a week. The trading volume in this market is 3-4 trillion USD a day. But even though there is huge profit potential, the 95% of traders fail.

Why do most Forex Traders Fail?

1) They lack discipline ( Being unable to keep your emotions under control can result in huge losses ).
2) They over leverage ( They fail to select the proper amount of leverage ).
3) They have a poor money management strategy ( They don't keep track of their gains and losses and They don't calculate their risk ).

4) They lack education. Many beginners believe that they can open an account, throw a couple of thousands dollars at it and make a profit. But this is not the case. In order to become a successful trader, you need to educate yourself in every aspect of trading, like learning how to read charts, practicing in a demo account and many others.
5) They don't use the right tools. It is essential to follow a solid trading plan and to use a reliable Forex software.

A trading software can give you all the free time you need to devote to analysis. This way you don't have to spend the whole day monitoring the market to find changes. A good automatic Forex System can actually trade better than the majority of traders, because it's not influenced by emotions. You can also trade faster using a software. Monitoring the Market 24 hours a day is nearly impossible. By using an automated system you can minimize your losses and maximize your profit, with very little effort.

Do you want to break the Forex Code and gain huge rewards?

Read this Forex Systems Review to find out which is the best forex software!

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How Trading Markets Can Help You Earn Easy Money

By Bill Hollis

Today there are thousands of people looking for a chance to earn easy money through trading markets. Unfortunately many people don't know how to tap into this resource. The fact is that there are niche specific trading markets that mimic the Stock Market, right down to the exchange of real money.

Sports trading markets are one example of this kind of exchange. People buy stock in their favorite athletes and teams and then buy and sell their stock as market fluctuates. Unlike sports gambling, trading teams and athletes is viewed as investment that can turn even the most passive of sports fans into a lucrative way of making money.

If you purchase stock in your favorite football player, you have the option of investing in the player, meaning that you hold on to the stock, or you can trade the player and earn money on your trade. Many people join in on sports trading as a safer and more interactive option to sports gambling. Further, it's considered more acceptable than gambling as you have the option to hold on to the stock you've purchased until you are able to reach a higher return on your trade.

While nearly anyone can take part in the sports trade exchange, it is beneficial that you have some knowledge of the teams and players that are on the exchange. Odds are that you will be buying and selling stocks against someone who is extremely sports savvy. In short it's best to do some research on the teams and players that you're investing or you may wind up losing money; just as you would in the real stock market.

There are a number of online venues for you to join and get started in sports trading. An Internet search can put you in touch with sites that allow free accounts. From there, you can put down a small amount of money to purchase player and team stocks and begin playing in the sports trading markets. Bear in mind that while you may have fun playing, you also have the opportunity to earn easy money as well.

Easy money sounds pretty good, doesn't it? Well, here's your chance to make your move!

You can start living The Rich Life... All you need is the right approach. To find it, check out this website:

http://www.therichlife.co.uk

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Intelligent FX Trading Method

The purpose of this topic is to bring a bunch of people together who are willing to work and use there brains to make money in trading. Some will say: arn't we al looking for that... The fact is and sorry to say this, NO. Most of the people who I see on forums are looking for a system or an aproach were they have to do nothing. The only thing they wan't to do is open an account with a litlle bit of money and open an MT4.0 platform. They would like to have everything automated and hope or dream of a 500% profit on the end of the year, thinking they could retire in 5 years time.


Most of the people that I met on forums, never bought a book about trading. Why?...They think they will find the answers without paying for a book. The people who wrote those books as G.Williams A.Elder Jake Bernstein, Chick Goslin have at least 15 to 20 years experience so why would you not pay something to share some of there priceless experience. In those books (and if you bought 10 of them you will hear everytime the same) how moneymanagement works. That it is an escencial part of trading. That you need a strategy based on entry rules and rules when to take loss or profit. How big your capital needs to be. Finding out what kind of a trader you are. I see people jumping on turbo day trading and it does not work and jump then on 4hrs trading methods and that takes to long between 2 trades and jump back on 15minute chart etc. They are looking for whatever kind of system as long if it makes money and they don't have to putt to much effort in it.

Knowing who you realy are, what your strong points are but aspecially what your faults and weak points are, is the beginning of every wisdom. Knowing what your weaknesses are, will help you to deside what kind of trader you are, what kind of system suits for you. And it could be that you don't have enough money for that kind of trading.

As I stated in previous topic and posting I'm a professional trader for 9 years now and 2 years as a fund manager and I'm still very eager to learn. But I have also a feeling that what I know already, I would like to pass this true to people who are willing to realy learn what trading is all about.

So the people I would like to meet and work with on this system are not the people who never red a book, who beleve in Xpips/day strategys, who think that it is possible to make 100% profit but only a drawdown of 10%, who have very small money now and hope to become rich in no time, who are not trying to learn more then what they can learn here, who don't want to make positive contributions, who have hardly any experience (don't think if you sit for 6 months on a forum and that you know a litlle bit more then your neighbour that you are experienced).

Lets get down to bussines. The system as it is know in its purest form, is a very simple but very robust aproach. It is bassed on the crossing of price with a moving average. First of al what are the advantages and disadvantes of a Moving Average?...

The biggest advantage of a Moving Average is as the name says itself, it is the average movement of the price. So that means when we see price above the MA it is higher then average so we are on the long side of the market. If price is below the MA it is lower then average, so we are on the short side of the market. So the big advantge is, if we putt an MA on a chart, with the blinck of an eye we see on what side of the market we are. In long country or short country.

The biggest disadvantge of an MA is, when price moves sideways, one moment it is on the long side and the other moment we are on the short side. Nevertheless on the correct side (because price never lies) but if we want to trade on those moves we loos money. 2 reasons, first the trading cost and second, if we go long price is above and if we go short price is already below so we loos everytime on that litlle crossing of the MA.

If price would never range or stall and would always be in motion, going up and comming down, then we know that an MA is the only tool we need. Before it would cross with the MA we know that we would give back from the high and we would give back from the low, but I think that we could all live with that. If I could show you a pair or future who behavies like this you would all stick around in this topic. But the reality is far from this ideal dream... or isn't it?...

The problem we are faced with is the stalling of price or the trendless market. You have to realize if we can prevent ourselfs of taking in positions in this trendless market the best we will do is earning NO money. But that means also NO loss. So in the future if we are in strong sideways market conditions don't excpect to earn money or be dissapointed if you don't see any profit or maybe some small controled losses.

Back to our chart. A breakout of price true the MA has 1 rule. We need a crossing of the MA and a next bar that is lower or higher then the last bar that crossed the MA.
So we look to the last bar that CROSSED the MA. The CLOSE of that bar we call that our Reference Value.
If that bar crossed to the upside of the MA we would call the CLOSE of that bar our Reference Value Long. If that bar is the last bar that crossed the MA to the downside then we would call the CLOSE of this bar our Reference Value Short. To go long we need a bar that CLOSES HIGHER then our Reference Value Long. For a short entry we need a CLOSING of a bar that is LOWER then the Reference Value Short

Now, if price stalls we need somthing to filter out or prevent us of jumping on every price movement above and below the price. That I achieved with a 2 indicators called the stepconfirmation 1 and 2 (originally develloped by Igorad--a brilliant russian indicator develloper and changings by Ogeima and Raduga)). When the parameters of these indicator are high enough it changes only from buy to sell and from sell to buy the moment that a singificant price move starts from the MA. Sounds simple but to find an idicator who is cappable in doing this is very hard. Reason, normally if you find an indicator who is capable of preventing you to jump on every move above or below the MA it will get you to late in the market when an real move starts. You get in far to late and if price starts to fall back again to the MA that is deffenatly a big loss. Needles to say that if this happens frequently it will consume all the profit you made on your last trade and even worse then that.
To have a correct Long signal BOTH indicators have to be above zero (Lime and Green color) To have a correct Short signal, BOTH indicators need to be bellow the zero line (magenta and red color) (with the correct 2 bars crossing offcourse --exlpained a bit higher in this post).

What happens next?.......For the the 3 majors (eur/usd, gbp/usd and chf/usd) we allways take the same position on all 3 pairs (offcourse the opposite for chf/usd).
we only go long if all 3 pairs have a long signal and we stay with this signal till we have a short signal on all 3 pairs and we stay with this position till we get an other long signal on all 3 pairs. So lets say that we have long position on all our positions...the euro gives a short signal at 10.00cet....we stay long with our 3 positions (again this is short for the chf) ..the gbp/usd gives a short position at 14.00cet ..we stay with our positions....the chf/usd turns at 17.00cet only then we turn all 3 of our positions. We stay with the same positions till the same situation happens for a new long position. No exits for a single pairs or turning on 1 single pair nore for 2.
We take the last trade at the close of the 20.00cet bar. The first trade we take at the close of the 08.00cet bar...so in between NO TRADING.
The same principle can be used on the eur/jpy and chf/jpy. So here it would be 2x signal or the 2 pairs need to give the same signal.
If we would get a compleet set up during night hours and in the morning at the close of 08.00cet bar the compleet set up to turn postions is no longer there then we do not turn positions and we stay with the postions of the previous day.
The purpose of this new rules are not to look for more profit but to reduce the amount of losing trades (and offcourse the overall profit increases this way). This will help in consolidation periods were the price keeps moving around the MA. When this happens it is more difficult for all 3 pairs to lign up in the same way. Once a big moves starts we know that we will catch it.
In the previous trade rapports we only had the results since 1st march 2006. To compare the method of 3 x signal with the individual method we took the results since the 1st januari 2006 to have a more reliable research. And indeed the results gave what I hoped for.
By adding the results between the 1st jan and 28 th febr. to the individual aproach the hitrate dropped to 40% (as I predicted) the profit factor dropped also to 1.95 and the average profit/trade dropped to 102.
With the new method (turning with all 3 pairs if they show the same signal) the hitrate is 44.5%. the profit factor goes up to 2.29 and the average profit/trade shot up to 119pips /trade. The total result whent up from 3.838pips to 4.535pips (16% more !!) and that with 44 less trades.

Trade rapport for 3 x signal (new rules) since 1 januari:
144 trades
66 winners
80 losers
Net Profit = 4450pips
Gross profit = 7886pips
Gross loss = 3436pips
avg profit/trade= 54.7pips
avg. Loss/trade= 23.8 pips
avg. Winning trade= 119.4 pips
avg losing trade= 43pips
Avg win/avg loss= 2.77
Profit Factor= 2.29
hitratio 45.5%
Kelly value = 0.258
Sterling ratio (Total result/MaxDD) = 4.1


In this results the eur/jpy is included. The results of the eur/jpy are calculated on a individuall aproach. So we took the signals from the system only on eur/jpy. I will calculate what would happen if we only would take the signals if chf/jpy and eur/jpy give the same signal.

The results of the new method are on the last page of the spread sheet. It is not possible to make a chart of the results of the old method because the dates and hours don't match. The same reason why it is also impossible to calculate the sterling ratio.
The total result of the new aproach is 4.450pips and this over 84 trading days. That means that we earn an AVERAGE! of 52.9pips per day...
Who told you it is very difficult to earn 10pips per day ?!...

The calculations were made possible with the important help of JP and ogeima.

If you want help on this method we can be contacted at ensignsoftware. com
You can download a free litlle programm to chat. We are in room 55 (I_FX_T)
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How to Spot the Next Ponzi Scheme

By Bernz Jayma P
With the staggeringly high number of Ponzi schemes that had already been revealed this past decade, one cannot help but wonder why a lot of people continue to fall for this fraud. It is important to recognize that no two Ponzi schemes are exactly similar. It comes in all shapes, colors, and forms. Their differing characteristics make Ponzi schemes difficult to pinpoint. The only thing they have in common is investment returns that seem too good to be real. However, there are also times when the profits are not even that impressive. In most cases though, you can detect a Ponzi scheme if you are offered a consistent and above-average return every year.

How Does a Ponzi Scheme Work?

A classic Ponzi scheme involves the perpetuation asking for "investment" money but then turns around and uses the money for himself. He then comes up with fictitious profits when paying the investors. The said "profits" are actually other people's money. This scheme can continue until people realize that there is not enough money to pay off the investors. The Ponzi scheme soon collapses.

Though the financial damage brought about by this system can be great, the SEC is almost powerless to stop it at its roots. This is because there is no exact definition that describes what a Ponzi scheme is. Some perpetuations actually invest some of the money as promised. But he uses the remaining investments to pay off previous investors or lavish cash on himself.

Understanding Pyramid Schemes

Pyramid schemes are a variation of the Ponzi scheme. It essentially uses the same concept but it uses a large number of agents. For example, the main perpetuator will ask two people to "invest" in an once-in-a-lifetime opportunity. Assuming that the two individuals fall for it, they are given a chance to give the same "offer" to their friends and families. Meanwhile, they will derive a certain amount as commission. Theoretically, the investors are given a chance to recover some part of their investment by asking others to sign up. At first, it would seem that everyone is making money but eventually, the fraudulent system will be revealed once they can no longer recruit others into the pyramid.

In essence, both the Ponzi and pyramid system can be characterized by their reliance on money coming in from new investors, their requirement of new investors to pay off the returns, and the absence of effort to make honest and profitable work.

Author and entrepreneur Bernz Jayma P. is the owner of a financial blog, dedicated to helping people expand their knowledge about their personal finances. Learn up to date investing strategies and retirement planning by visiting http://www.Invesmint.com

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BASIC RULES USING CATFX50

by NINA

Indicators :

EMA50 on chart.
EMA120 on chart.

Hist_Step_MA_Stoch_KV1_Ex_03 set at 2000 bars.
Set filters on Step: +0,04 and -0,04.

Plot aNina_v1, set it at 9000 cbars.
Hist_StepMA_Stoch is the main indicator here. When Hist_StepMA_Stoch and aNina give signal simultaneously, the better. Do not trade if they give opposite signals.

Time Frame: 30 minutes.
Trade time: 08:00cet to 18:00cet

Optional tools:

FiboPiv_v2
MAX Movin Average set at 50, 14, 2000, 2
SDX-TZBreakout
Camarilladt7 with L3, L4, L5 and H3, H4 and H5.

Standard or Level 1 signals:

Buy when price crosses EMA 50 and new bar opens above. Hist_StepMA_Stoch must be green.

Sell when price crosses EMA 50 and new bar opens below. Hist_StepMA_Stoch must be red.

If price and Hist_StepMA_Stoch crosses are simultaneous, the better.

Level 2 signals (riskier):

For instance, when price is above EMA 50 with Hist_StepMA_Stoch in green. Price then opens one bar at least below EMA 50 and Hist_StepMA_Stoch keeps in green mode. When price opens again above EMA 50 with Hist_StepMA_Stoch validating (green), we can buy. The opposite for a sell.

Level 3 signals (riskier):

For instance, we are in bullish mode: price above EMA 50 and Hist_StepMA_Stoch in green. Suddenly, price goes down crossing or without crossing EMA 50 and obviously without opening below it. Hist_StepMA_Stoch changes to red. We buy when price goes up again always validated by Hist_StepMA_Stoch that should change to green again.
Level 4 signals (Take care):
Level 4 is when price, after a consolidation of a few bars, breaks through the last high or low. The main thing we need is an indication of strength, and if we don't get it, it could be a trap!
Obviously, the breakout down should have Hist_StepMa_Stoch in red and green for the opposite.

Something to take into account:

Pairs to trade: EURUSD, USDCHF and GBPUSD.

When bar opens more than 20 pips above/below EMA 50, the signal is riskier.

Do not buy/sell, for instance, EURUSD because GBPUSD has a signal. Wait for the signal to come in each pair you want to trade. Look at EURGBP, USDCHF and US Dollar Index always.

FOCUS, PATIENCE AND DISCIPLINE.

Graphics:

The main difference between Level 2 and Level 3:
On Level 3 the price doesn't have to cross the EMA50 line
The other difference is that Hist_StepMA_Stoch briefly changes color

Level 4:
Notice the price breakout in the illustration? It would be hard to ignore, wouldn't it?
You don't have to wait for the price to close to do the trade, get on board and ride that baby!
Final:
CatFX50 easy system is a winning one, but it is not a Holy Grail nor a money machine. Use common sense and stop of 34 pips.

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Forex Trading System: Mechanical vs. Discretionary Systems

by: Raul Lopez
There are basically two types of Forex trading systems, mechanical and discretionary systems. The trading signals that come out of mechanical systems are mainly based off technical analysis applied in a systematic way. On the other hand, discretionary systems use experience, intuition or judgment on entries and exits. But which one produces better results? Or more importantly, which one fits better your trading style? These are the answers we will try to answer on this article.

We will first analyze the pros and cons about each system approach.


Mechanical systems

Advantages
This kind of system can be automated and backtested efficiently.
It has very rigid rules. Either, there is a trade or there isn’t.
Mechanical traders are less susceptible to emotions than discretionary traders.

Disadvantages
Most traders backtest Forex trading systems incorrectly. In order to produce accurate results you need tick data.
The Forex market is always changing. The Forex market (and all markets) has a random component. The market conditions may look similar, but they are never the same.
A system that worked successfully the past year doesn’t necessary mean it will work this year.

Discretionary systems

Advantages
Discretionary systems are easily adaptable to new market conditions.
Trading decisions are based on experience. Traders learn to see which trading signals have higher probability of success.

Disadvantages
They cannot be backtested or automated, since there is always a thought decision to be made.
It takes time to develop the experience required to trade successfully and track trades in a discretionary way. At early stages this can be dangerous.

Now, which approach is better for Forex traders? The one that fits better your personality. For instance, if you are a trader that finds it hard to follow your trading signals, then you are better off using a mechanical system, where your judgment won’t play an important role in your system. You only take the trades that your system signals.

If the psychological barriers that affect every trader (fear, greed, anger, etc.) puts you in unwanted scenarios, you are also better off trading mechanical systems, because you only need to follow what your system is telling you, go short, go long, close a trade. No other decision has to be made.

On the other hand, if you are a disciplined trader, then you are better off using a discretionary system, because discretionary systems adapt to the market conditions and you are able to change your trading conditions as the market changes. For instance, you have a target of 60 pips on a long trade. But the market suddenly starts trending up pretty strongly, then you could move your target to say 100 pips.

Does it mean that trading a discretionary system has no rules? This is absolutely incorrect. Trading discretionary systems means that once a trader finds his/her setup, the trader then decides what to do. But every trader still needs certain rules that need to be followed, such as the size of the position, conditions that have to be met before thinking to get in the market, and so on.

I am a discretionary trader. The main reason I chose a discretionary system is that my trades are based on price behavior, and as you already know, the price behaves similar to the past, but it is never identical, therefore the outcome of every trade is unknown. However, I do have rigid rules on my system, certain conditions have to be met before I even think in getting in a trade. This keeps me out of trouble, once my setup is present and in accordance with the rules I have set, I closely watch the price behavior and finally decide whether it is a good opportunity or not.

Whether you choose to be a discretionary or a mechanical trader there are some important points you should take in consideration:

1. You need to make sure the Forex trading system you are using totally fits your personality. Otherwise you will find yourself outguessing your system.
2. You also need to have some rules and most importantly have the discipline to follow them.
3. Take your time to build the perfect system for you. It’s not easy and requires time and hard work, but at the end, if done correctly, it will give you consistent profitable results.
4. Before going live, try it on a demo account or even on a small account (I will go for the second option, since psychological barriers will be present.)

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Forex Trading Online - 7 Reasons You Should!

by: Keith Thompson

Forex trading online is a fast way to use your investment capital to it's fullest. The Forex markets offer distinct advantages to the small and large traders alike, making Forex currency trading in many ways preferable to other markets such as stocks, options or traditional futures. Here are seven reasons why you'll want to look into Forex Trading online.

1 - Forex is the largest market.
Forex trading volume of more than 1.9 billion, more than 3 times larger than the equities market and more than 5 times bigger than futures, give Forex traders nearly unlimited liquidity and flexibility.


2 - Forex never sleeps!
You can execute forex trading online 24/7, from 7AM New Zealand time on Monday morning, to 5PM New York time on Friday evening. No waiting for markets to open: they're open all night! This makes Forex trading online a very attractive component that fits easily into your day (or night!)

3 - No Bulls or Bears!
Because Forex trading online involves the buying of one currency while simultaneously selling another, you have an equal opportunity for profit no matter which direction the currency is headed. Another advantage is that there are only around 14 pairs of currencies to trade, as opposed to many thousands of stocks, options and futures.

4 - Forex Trading online offers great leverage!
You can make the most of your investment resources with Forex trading online. Some brokers offer 200:1 margin ratios in your trading accounts. Mini-FX accounts, which can typically be opened with only $200-300, offer 0.5% margin, meaning that $50 in trading capital can control a 10,000 unit currency position. This is why people are flocking to Forex trading online as a way to highly leverage their investments.

5 - Forex prices are predictable.
Currency prices, though volatile, tend to create and follow trends, allowing the technically trained Forex trader to spot and take advantage of many entry and exit points.

6 - Forex trading online is commission free!
That's right! No commissions, no exchange fees or any other hidden fees. This is a very transparent market, and you'll find it very easy to research the currencies and the countries involved. Forex brokers make a small percentage of the bid/ask spread, and that's it. No longer any need to compute commissions and fees when executing a trade.

7 - Forex trading online is instant!
The FX market is astoundingly fast! Your orders are executed, filled and confirmed usually within 1-2 seconds. Since this is all done electronically with no humans involved, there is little to slow it down!

Forex trading online can get you where you want to go quicker and more profitably than any other form of trading. Check it out and see what Forex trading online can do for you!

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Forex Trading: Great Opportunity or Scam?

by: Steve Pickering
A lot of interest has been generated recently in FOREX trading, hailed by some as the great new investment opportunity. There are even companies running TV infomercials, offering sure fire systems that will bring massive profits in an easy fashion.

So what is forex? Is it something new? The exchange of currencies is said by some to be the world's second oldest profession and as long as there have been two sovereign states that have issued their own currencies, there has been foreign exchange as a facilitator for trade.



Forex, as foreign exchange has been abbreviated to, has been conducted for centuries and has become a global market with a daily turnover according to a recent Bank for International Settlements survey of $1.9 trillion (billion, billion) per day. Essentially it is a global market place with no physical exchange building where all claims on foreign currencies are settled - between governments, corporations, investors and speculators among others. Banks have traditionally been the middlemen who provide the liquidity to this gigantic market, which incidentally is traded on an almost continuous 24-hour basis.

Then came the Internet and suddenly it became possible for everyone to get a piece of the speculative action. Brokers sprouted up with their electronic trading platforms and high 'leverage'. Essentially the brokers lend clients funds to speculate with, 100:1 or in some cases up to 400:1 ratio, or leverage. This means that $10,000 can 'control' up to $4,000,000 in the market. This is far higher than is possible in the stock market.

Many people have been attracted to the possibilities of earning fast profits from forex. There are often sharp movements that can turn your $10,000 to $20,000 in a matter of minutes. You can also get wiped out, but the lure of a fast buck has turned would-be speculators into out-and-out gamblers.
The Internet has also made it possible for the individual to obtain so-called 'charts', that allow them to do 'technical analysis' on their own PCs. The theory is that price movement patterns repeat themselves, so if you have a system of analysis, you can predict a future move in the market.

This may well be the case, but it does not address the problems of the psychology of trading - the fear and greed that drives many to irrational behaviour. People are often taken in by the seller of a system, often paying $5,000 for a piece of software that shows a green light to buy and a red light to sell. However, they don't tell you how to manage your money.

So speculators lose. It has been estimated that 90% of new investors in forex lose their capital in the first year - an appalling figure. What can one do to avoid being a victim? Well, forex is a business like any other business and planning is required. It is also a profession and as such, adequate training is necessary so that you understand fully what forex trading is all about.

Many are prepared to invest thousands in forex trading without really knowing what it is all about. Just think if franchises were offered in a major hamburger chain without the franchisees having a clue how to run a restaurant or even make the burgers. The failure rate would also probably be 90%!
As with all investing, it is all a matter of risk and reward. Investing in Government securities is considered low risk, therefore they carry the lowest return. Increase the risk (the probability of loss on the investment), the higher an investor is rewarded in terms of return. An individual trading forex decides his own level of risk, which should dictate the level of reward. However, in the hands of an inexperienced trader, the two factors are impossible to reconcile, meaning in stark terms that traders cannot control the risk or the reward levels.

People attracted to forex trading often have an unrealistic expectation of what can be earned. To start with an investment of $5,000 and expect to be making $100,000 a year after the first year is unrealistic. It is not impossible; then again, neither is winning the lottery.
If the parameters for trading are laid down and adhered to combined with knowledge of forex trading, success is possible. It does not take much in the way of 'enhanced' returns to be able to double an investment. 26% per annum is required to double your investment within 3 years.

Who is going to teach you? There are some very good courses available, but these will only give you the theory, in itself very important. The ideal way is to have a mentor, or guide to show you the way.
Getting mentored is a wise move because it makes it possible to draw on the experience of a veteran expert and avoid making the common mistakes that cause the unwary to suffer catastrophic losses. After a while under guidance, a forex trader will gain the experience

The bottom line is that forex is not in itself a scam. There are for sure scam artists who prey on individuals' greed as there are in any other business. If it is approached in a sensible and realistic manner and the trader is prepared to work hard, forex can provide a good living both financially and materially.

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Forex Trading

by: Chris Rohrer
The foreign exchange market, also knows as FOREX, originated in 1973 has become the largest e-currency trade market in the world today. FOREX trading occurs 24 hours a day, 5 days a week. The FOREX market offers a unique trading opportunity to those seeking a substantial profit in a market that trades over 1.2 trillion dollars each day.


FOREX market is primarily traded between central banks, commercial banks, non-banking International Corporation, hedge funds, private investors and speculators. Previously small investors were unable to trade in the FOREX market due to the large deposit required. However until recent years, with the continuing growth of the internet and competition, Forex trading has made it so small investors can now open a FOREX trading account with as little as $250.

There are a few factors as to why FOREX investing is starting to attract more small investors. For one, FOREX can be traded 24 hours a day 5 days a week. Previously trades were placed by phone, the internet has made it possible for traders to monitor their FOREX trading accounts from home and execute trades in real time with the click of a mouse button.

In order to start trading in the FOREX market, one must first open an account with a broker. It is recommended to obtain a list of brokers and do some research before deciding on which broker to deal with. Each broker offers different policies and different spreads on each currency that is traded.

Before trading in FOREX, one must first understand the risk and reward behind

margin trading in FOREX. A margined account can be leveraged, which means trading in FOREX can be done with solely cash or a combination of cash and collateral such as a security deposit. The main risk involved in margin trading is that margin trading tends to inflate loss. In addition the rate of loss and leverage makes FOREX a high risk investment. However, regardless of the downside in margin trading, FOREX is still very profitable as huge gains can be made.

There are plenty of resources on the internet that will discuss trading strategies, emotions and what it takes to become a successful trader. Most of these web sites are going to tell you that emotions play the largest roll in your success as a trader.

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To learn more about the Forex Trading program visit Forex Investing
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