Monday, July 16, 2007

FOREX-Education

FOREX Education - The Best Way To Become a Profitable TraderIf you want to make money at FOREX trading you need FOREX education.Most traders think they can buy an e-book from a vendor and make money, but the fact is there is better FOREX education you can get and a lot of it for free!Lets take a look at the best FOREX education.First things firstForget all the guru’s and mentors offering you unlimited riches if you buy their e-books.Most of this material is either free on the net or is based on suspect logic, which means it doesn’t work.If you buy advice make sure the vendor has real time track record of success.That gets rid of 99% of systems and courses!Keep in mind most of these vendors make money from selling systems not trading them.
FREE Essential materialIf you are trading FOREX you should trade a technical method and everything you need to know is available about technical analysis free on the net.You need to know about indicators so pick some you like to confirm chart moves. If you are looking we suggest these ones as essential:The stochastic, RSI, moving averages and Bollinger Bands.Then learn how breakout methodology works and base your system around this.You can read about them on the net and look at them on free chart services such as futuresource.comIt’s easy to build a system that works and we have shown you in other articles how to do this.
Great Value MaterialIf you are going to buy FOREX education make sure you buy from people who have made money and there are some great books available that cost very little in your local bookstore or online.Here are some good ones to look at.Victor Sperandeo – Trader VicSimply our favourite book.Easy to read and packed with insight on everything from money management to trading a system. A true trading legend.Jacob BernsteinOne of the great writers in our view on the psychology of trading markets.Really gets into the mindset of successful traders and his books are always a very good read.Market Wizards & The New Market Wizards – Jack SchwagerThese books interviewed a wide range of traders who can be considered legends.Although they all trade differently they all have certain things in common.This is a very inspiring and is packed with great insight into what makes a great trader.

FOREX. AUTOMATIC TRADE SYSTEMS.
We are glad to present your attention the best programs for hands-free automatic FOREX trade - Expert Advisors for MetaTrader platform, written by highest skilled FX-programmers.This software can HELP you to make HIGH profit on Forex, if you give a little of your attention to this most interesting theme.Forex - is it ... ?Trade on FOREX market is one of the most profitable kinds of business. Source is a price fluctuations of exchange rates serve. Our smart and high quality coded software Robots can easy provide the profit of more than 1000% per year, at risk of 5-10% of the capital per 1 open position. Changing size of risk, you can independently adjust profitableness of the Trade System.Automated Trade (mechanical trade systems, Trade Robots, ...)MetaQuotes Language 4 (MQL 4) is a built-in [in MetaTrader software terminal] language for programming trading strategies.


Some of the reasons for the popularity of foreign exchange (forex) trading are the leverage available, the high liquidity 24 hours a day and very low dealing costs associated with trading.


Foreign exchange (forex)is normally traded on margin. Small deposit can control much larger positions in the market. Forex trading the main currencies, SaxoBank requires a 1% margin deposit. This means that in order to trade one million dollars, you need to place justPOUND 12,000 by way of security.

Forex is in other words, you will have obtained a gearing of up to 100 times. This means that a change of, say 3%, in the underlying value of your trade will result in a 300% profit or loss on your deposit. See Forex for specific examples. As you can see, this calls for a very disciplined approach to trading as both profit opportunities and potential risks are very large indeed.




When you trade, you will always trade a combination of two currencies. For example, you will buy US dollars and sell USD. Or buy USD Forex and sell Japanese yen, or any other combination of dozens of widely traded currencies. But there is always a long (bought) and a short (sold) side to a trade, forex means that you are speculating on the prospect of one of the currencies strengthening in relation to the other.



Good luck & happy trades !FOREX Signals which are creating by our EAs will be very helpful for you, even if your broker does not offer MetaTrader platform.You may subscript and get Buy & Sell signals via e-mail. This is another way to get profit manually.Test result - per 1 yearAutoMoney1 Start balance = $5000 End balance = $34970 (600%)AutoIntraday Start balance = $5000 End balance = $49250 (880%)AutoMoney3_ind Start balance = $5000 End balance = $38520 (670%)AutoMoney4_ind Start balance = $5000 End balance = $29440 (490%)WalkByTrend Start balance = $5000 End balance = $44480 (790%)EuroX2 Start balance = $5000 End bal. = $128090 (2460%) ~100% in some months ! so X2 ...GoldNStream Start balance = $5000 End bal. = $160050 (3100%) It is for solid mid-term Investing.

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