Should You Use Automated Forex System

With the improvement of technology, many things are beginning to be automated. The same thing is already happening in the Forex market with Automated Forex Systems.


But before you jump right into the Forex bandwagon, shouldn't you know the reason why more people are trading Forex?

Why Forex trading?

This is probably one of the questions that you need a reasonable answer. There are hundreds of investments out there that you can prefer, but why go trading foreign currencies instead?

Forex investment is unique in various aspects.

* Its trading volume is relatively huge compared to other market.
* It has extreme liquidity or the capability of either buying or selling the currency without causing significant movement in the market price.
* It has the largest number and variety of traders.
* It is one of the markets that have long trading hours (24 hours each day, except during weekends.
* Trading locations are almost everywhere, not just in the United States or major cities of Europe.
* There are different factors that affect foreign exchange rate.

Another whooping fact that will make you excited to go on Forex trading: it has an average turnover in traditional foreign exchange market of around $4 trillion daily, according to the Triennial Central Bank Survey of the BIS (Bank for International Settlements).

Here are the daily averages of turnover on the Forex market for the last 17 years:

* $500 billion (April 1989)
* $750 billion (April 1992)
* $1.18 trillion (April 1995)
* $1.48 trillion (April 1998)
* $1.16 trillion (April 2001)
* $1.88 trillion (April 2004)

From the figures alone, you will notice that the average trend of Forex turnover is increasing.
It is estimated to reach as high as 2 to 3 trillion dollars within the next 8 to 10 years, if the number of traders around the world will continue to increase.

As a matter of fact, everyone have the chance of getting a substantial slice of the Forex market wealth pie, especially that the Forex trading marketing is now on its automation process.

The concept of automation becomes the new trend to the foreign exchange trading market.

The Interbank spot Forex market has also considered switching to the automated method as well.

There are several benefits that a Forex trader can derive from automated Forex trading.

Source: e-junkie.com

Here are some of such benefits and figure out why Forex trading as well as other investments (futures and commodities) prefer the automated process.
* Through automated process, transactions can now be done in real time. 

Although manual systems have existed for quite some time now, it is difficult to achieve such benefit that the automated Forex system can offer to its traders.

All of the trades can happen within a few milliseconds and can be a big plus for automated transactions against the manual system.

In fact, there are problems that are addressed using automated Forex trading especially if the trader is losing a few times in a row that prevents him from making new trades.

Such problem could be addressed using the automatic trading system.

* With automated Forex trading, you will have a greater diversification. 

It means that you can trade in various markets in different time zones at a time.

You can execute trades with traders from Singapore or London even it is already 12 midnight in the United States.

This benefit allows you a multiple exchange model option.

You can use varying trading models to evaluate short-term data.

This means that you will be able to predict the trend for a shorter period of time, let us say from fifteen minutes to half an hour.

* As previously mentioned, the Forex market is unique because of its extreme liquidity. 

This liquidity is increased when the market goes automated.

* Risk management problems are solved through automated Forex trading. 

International checks, which are commonly used in making purchases on Forex market, are synchronized through automated technology.

Since the transaction in an automated process is now on real time, there is a slim chance that the payments will be delayed, reducing the risk of non-payment by either parties.

Although there are problems noted with the use of the automated system, it can be fixed through consistently-updated technologies.

With automated Forex trading market, the prediction of $2-3 trillion average daily turnover within the nest 8 to 10 years can be changed within the next 4 to 5 years.

Given the quick yet efficient trades on varying time zones, automated Forex trading will now be among the existing lucrative business around the world.

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Trade 24 Hours A Day With Forex Robot

You need money to live a comfortable life.
You need money to provide education to your children.

And, you need money to eat. This is why you work, this is why people put up businesses, and this is why people go to great lengths to make money.

One great money-making career that you should consider is trading in the largest financial market in the world.

Not only is Forex or Foreign Exchange the world’s largest financial market, it is also the most liquid market in the world that operates 24 hours a day.

With trade exchanges that generates up to 2 trillion dollars a day, who wouldn’t get attracted to trade in this very liquid market?

If you are a regular person with a regular job who is looking for a way to earn extra money, you can consider entering the Forex market and trade.

However, Forex also has its risks and people who have traded in Forex without the proper knowledge and skill lost large amounts of money, and some have suffered extreme financial losses.

This is why it is necessary for you to have enough knowledge and skills when you trade in the Forex market.

Today, there is a software available for you to use that can really make it easier for you to trade in the Forex market and earn that extra money you want.
This software is often called the Forex trading robot.

Normally, Forex trading robots are accessed in the internet.
 It is very much like hiring a Forex broker but instead of a broker being human it would be in a form of a program.

Since Forex trading robots don’t sleep, this software can run 24 hours a day and therefore, giving you the advantage of not missing any money making opportunities when the Forex market changes.

Just imagine, it is now possible for you to trade in the Forex market like a professional.

And, you can trade 24 hours a day. With this benefit, you will never miss another potentially profitable day in the Forex market.
Also, you can even do this while you’re at work.

All these are possible through the use of a Forex trading robot.

However, before you subscribe to a Forex trading robot, you have to first determine if the software can really work to your advantage.

You have to determine if the Forex trading robot can really trade effectively and efficiently.

You should also look for advanced trading features that the Forex trading robot can offer you.

Here are a few of the features you should look for in a Forex trading robot:

* 24 hour a day operation – You want this feature in a Forex trading robot so you will never miss a money making opportunity.

* Minimum investment requirements – Investments in a Forex trading robot should be minimal in order for you to afford.

* Trading automation technology – Since your money is at risk, you should choose a Forex trading robot with the latest trading technology existing in the market today.

These are some of the things you should look for in a Forex trading robot.
With these features, you can be sure that you can really earn money.

Forex trading robots are perfect for people who wants to get involved in the Forex market but don’t have the proper knowledge and skills to trade currencies.

It is also great for people who are afraid to invest their money in Forex.

You can also benefit from a Forex trading robot if you want to concentrate on your day job and still earn cash in the Forex market.

Investing in the Forex market is one of the best ways to earn that extra cash you need.
However, you should always remember that in Forex, you need to invest money to earn money.
Also, you should also be able to afford to lose the money you invest in Forex.

Always remember that Forex, although a great money-maker for lots of people, also has equal risks that may cause you to lose money.

With a Forex robot, you will be able to minimize the risk of losing money and increase you chances on earning potential 24 hours a day.

With a Forex trading robot, you will never miss another trading day at the Forex market and take advantage of great market trends.

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The Myth Why 95% Fail In Forex

A quick search on the internet in websites, magazines or forums might let you come to a conclusion that there are a lot of people out there who are making a lot of money from the forex market.

This is mainly due to the fact that there are a lot of traders out there that brag about their profits but they fail to tell people about their losses.

 In fact, merely five percent of all traders actually make money. Most people will be able to make money from forex trading but turning it into a consistent source of income is totally a different story.

Forex trading should never be a way of making a regular income and acquiring a financial freedom. It is a very risky business and that is why you must always have a safer source of income.

One might wonder if 95 percent of traders are not capable of making regular income, what is stopping them.

 Well, unlike the forex experts who shell out their entire dedication towards trading and trade on a large scale, most of the novices take it as a part time business, and therefore, do not pay a full focus to it.

A small-time investor will find it difficult to focus on the forex market because they would probably be exhausted from working 8 hours a day.

 This is probably why they fail in forex trading. To be a pro in forex trading and make consistent profit, one will need to have years of experience and practice.

It certainly will strain you and probably disappoint your family, but if you want to earn some money out of this business, you will have to give your 100%.

Is there anything you can do if you cannot afford the time for it?

Another popular myth regarding this industry is that if you are not an expert, stay away.

The truth however, is that you have to practice in order to become an expert but the practice should not be at the cost of money.

Always seek help and advice in order to get the right direction of the move. It is advisable to build a good connection with your broker as well a completing some seminar or course about it.

The idea here is to go all out and take any help that is required to minimize your losses, at the same time, teach you the basics of forex trading.

Being extra careful in your trading will make you money in forex even though it is a very risky trading option.

Try not to treat it lightly; but learn with patience so that you develop a safe way of trading. This may take you years but this will be much better than losing all of your money.

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Learn Forex Trading- Useful Forex Trading Forums

Where Should We Look?

The internet is like an endless space of information nowadays. We can basically find information on almost about anything that we are interested in.

Having said that, it can also be difficult to find information that is accurate. As for trhe topic of Forex trading, there will be tons of information.

Be it from forex brokers, traders or even those who are selling their forex systems.

You see, Forex trading is a hot topic or niche and there are a lot of internet marketers who are looking to make big bucks out of newbie traders who don not have a clue about forex trading.

I know this because I was in this position before. In total, I bought 4 forex products  from Clickbank and guess what? I requested the refund for all of them.

There are juts too much BS (excuse my language) out there that is cheating the money out of innocence people who are genuinely looking for a proper way to trade forex.

Forex Trading Forums Are Useful

This is where forex trading forums will be extra useful. With forex trading forums, you will be able to see what other traders like you are discussing about.

If you are interested in a certain forex product, you could see if there are any discussions about that particular product.

This way, you will have a better idea on how well that product is received out there in the market.

You could do the same thing with Forex Brokers. Don't know which one to choose? Do a bit of research in forex trading forums to get a clearer picture.

With these forums, you could save yourself some money and time too.

So, which forums should you look at?

Here are 3 forums that I use often

Forex Factory

Forex Peacearmy

Forex-TSD

If you have any sort of doubts or question you have in your mind about a forex product, broker or even trading method, you could visit these forums to look for more information.

Happy trading!!!!

Cheers.....

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Daily Forex Report- 9th April 2013

I will be posting daily forex forecast that I receive from my Forex Broker, Fx Primus in this blog.

It is just to spread the news so that more people will be able to have such information if they are looking for it.

 

It won't hurt to have more information right!

Source: www.askmariosingh.com

Economic Insights

China’s inflation cooled down last month

China’s March CPI rose 2.1% YoY, easing worries on recent surging food prices, reducing pressure on credit and monetary policy tightening in the near term.

Currency Insights

CADJPY – coming support at 97.20

Aggressive purchasing suggests that the JPY weakening trend is not over yet, since current account deficits are expected to widen.

Just go click on the link for the whole story...

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Learn Forex Trading -Forex Vs Stock

The main comparison that is made to the Forex market is the Stock market.

So, how to they go if you put them head to head against one another.

The image below will show you exactly the comparison.

The warrior on the left would be the Forex market and the one on the right will be the stock market.

That is in terms of the total volume of course because as you might already know, the Forex industry is a 4 trillion dollar industry.

 It will dwarf the stock market.

Now, let's head to another question, what would you trade?

In the stock market, you trade (buy/sell) stocks of companies.
There are approximately 4500 listed companies on the new York Stock exchange.

Then, there is another 3500 listed on Nasdaq. Isn't hard to choose which stock to trade?
Will you have the time an energy to monitor so that many stocks.

Well, stock traders monitor everything, they just monitor the ones that they favor on.
But what happens when he losses money?
Does he drop the stock and find a new profitable one? I am not sure of the answer.

As for Forex, traders will trade currency pairs and there are dozens of them to choose from there are 4 major pairs that is traded worldwide.

If you choose to trade that 4 major pairs, wouldn't it be much easier than keeping an eye hundreds or even thousand of stocks?

It is the simplicity of Forex that attracts me because all I have to do is focus on a few pairs.

You would think that there won't be much opportunities to get into the market if you only trade 4 pairs?

You will be wrong.

There will be plenty of chances to enter the market even if you want to trade every single day.

However, I recommend that you don't trade everyday.

Show up at your computer everyday but don't trade everyday. Only trade when you have crystal clear signals presented in front of you.

The thought of needing to trade every day in Forex is one of the biggest mistakes made by most traders out there.

So, now that you know the difference in what is traded in Forex and Stock, which one would you trade?

Well, the answer depends on what you believe... For me, I only trade 2 currency pairs and that's it.
I take 2-3 trades per pair in a week. That is enough for me.  :)

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Forex Trading Mistakes To Avoid

We all make mistake. It doesn't matter if the problem is huge or small, we all tend to make mistakes from time to time.

In forex trading, mistakes will cost you your money.

Losing money is never a good thing but if you learn from your mistakes, then the mistake that you made will pay off as long as you don;t repeat them once again.

I came across this article which I think will be useful for those who are learning forex trading.

Source: www.articlesbase.com/

It's true that Forex Expert advisors open new ways to trading Forex with automation and ease, but oftentimes new investors experience frustration when trying to find the right trading system.

Let's review 7 things to avoid in Forex Expert Advisors:

• Avoid systems that won't compliment your trading style and knowledge. You should try to find a Forex System that suits your needs and complements your trading. If you rely on intuition for getting good trades, an automated system would not be very suitable for you.

• Some Forex robots would use bad money management strategies, while others would have no strategy at all! Avoid those systems in which it's not clear what king of strategy is used by the trading system.

• Avoid companies with no tutorials, poor training material or bad testimonials and reviews on the support provided to customers.

• Also try to deal only with companies with good reputation and experience in the market, avoid those that leave you with a sense of uncertainty.

• Avoid systems that show no solid proof of successful trades or haven't been updated for a long period of time.

• If you want to have more control over your trades you need to be able to trade manually. Your system should allow some level of customization since Forex expert advisers can't handle errors or unexpected things easily. It's difficult for an automated system to deal with unexpected and crucial points in trading. Be prepared to face disappointments and handle this kind of situations. Traders and investors prefer to use both automated and manual trading.  You can use automated trading if you find manual trading difficult, while you can leave simple chart patterns to be done manually.  Here's why you would still need knowledge in manual Forex trading. Try to avoid trading systems that have no option for manual trading.

• Avoid buying the first system you see...Don't just believe that because a trading system has good rating and customer feedback, it's perfect. It could be good for many, but maybe it isn't your best bet. Check forums where you'll find the opinions about the software are tackled and information about the problems encountered by customers and how they managed to solve them. A downside is that automated Forex trading is truly popular over the internet, which is a good and a bad thing at the same time.  The good thing is that getting an automated system is easy, and you have a wide range of trading options; the bad thing is that the chances of finding scams are higher too. Make sure you have a solid money-back guarantee for the purchase before you go ahead.

So, you always need to be extra careful when trading Forex. Build up your trading habit with patience and discipline so that you only take crystal clear set ups that has a high winning ratio.

You Can  Make $1622 in 45 Minutes With This System. Download It For FREE HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

Learn Forex Trading- Why Should You Trade Forex?

There are many types of investment out there and why should you trade Forex?

Well, if you are an expert in investing, diversifying your funds or investment is definitely something that you would do right?

Maybe you already have your hands filled with stocks and properties. Why not add forex as well?

There are many reasons why you should trade forex and here are some:

• No commissions

In Forex, there are no clearing fees, no exchange fees, no government fees, no brokerage fees. Forex brokers will make their money through the bid ask spread. The spread will vary depending on the currency pair that you are trading.

• No middlemen

There is no middlemen involve in forex trading. So, individual traders are allowed  to trade directly with the market responsible for the pricing on a particular currency pair.

• No fixed lot size

You can decide on the amount that you want to start with in forex trading. In most cases, forex brokers allow you to start with just $25 as your minimum initial deposit.

• Low transaction costs

The retail transaction cost (the bid/ask spread) is usually less than 0.1% under the normal market conditions. You can get lower spread  as low as 0.07% with larger dealers. 

• A 24-hour market

Forex is a 24 hour market. You can trade from  the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis. You can trade according to your own time.

• No one can corner the market

The foreign exchange market is so huge and this means there is no single entity that can mopolize the market. This levels the playing feel.

• Leverage

In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. This is by far the best benefit that I can enjoy in Forex.

Above are just some of the main benefits that you can get by trading Forex. There some more benefits but I am just lazy to write all of them here..

By now, you should have a good idea on how powerful the Forex market can be and the benefits that you can take advantage of if you choose to invest in Forex.

Go ahead and do some more reading on internet. I am sure you will be able to find more useful information that can open your eyes to Forex trading.

You Can  Make $1622 in 45 Minutes With This System. Download It For FREE HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!