Review of Two Forex Analysis Software Packages

The most profitable stock traders often act on inside information, or information about the market that the average investor doesn’t know or even have access to. This isn’t true of the forex trading market. All the information needed to analyze the market and make well-researched trades is available to anyone. The problem is having the time to gather enough information, analyze that information and turn it into profitable trades.
That’s where forex trading software comes in. It is designed to follow trends in the market and recognize when a favorable position is likely to occur.
That doesn’t sound so hard. And, in fact, it isn’t. You can learn which trends to watch for and gather all the information yourself. The trouble with doing it manually is that the amount of data needed to track trends of every currency pair is voluminous! You can cut it down some, spend full time at it and still miss some important profitable trends. Having software do it for you is a huge assist.
Another good reason to use these forex trading analysis tools is to learn how the forex market works. Charts and analyses will lay out the trends the software is tracking. When it makes a recommendation, you’ll see what happened in the market to make the software foresee a significant jump coming. In this way, you’ll gradually increase your knowledge and learn how to make a greater percentage of wise trades.
Here are two good forex trading software packages at different price ranges. Choosing either one will be of great benefit. Of course, the more expensive one is superior by far, but your budget may dictate where you start.
TRADING SOLUTIONS
Trading Solutions is one of the most comprehensive forex trading tools on the market. It is very customizable and the incredible in-depth analysis given is second to none. Here are some of its features:
- Flexible charting tools - Easy-to-use interface - Customizable spreadsheets - Step-by-step wizards - Advanced technical analysis - Comprehensive signal analysis
It’s pricey at $995, but it’s worth it, if you can afford it. Plus, you get a free trial. Give it a try and see if your trading success improves during the trial period. Perhaps you’ll find a way to dig up that purchase price!
LAZY TRADING
At $79, Lazy Trading is a much less robust tool for forex trading. But it could be the right tool if you’re a beginner and just can’t afford a more complete software analysis package.
It’s a simplified version in most ways. It still does all the hard work by retrieving the forex data and analyzing and finding the trends. However, it won’t present the detailed charts and in-depth analysis that Trading Solutions does. Instead it just displays a simple text recommendation saying if you should trade and if so, what you should trade. If you still find all the graphs and stats confusing, this will work for you as you learn. If you’re experienced at forex trading, this one will surely be lacking the detail you’ll want.
No matter which forex trading software package you choose, you should see a substantial increase in favorable trades in your account by using it.
Michael Russell Your Independent guide to Forex Trading

The Forex Killer System - Importance of a Good Trading System

The FOREX market is one of the largest markets in the world, and in turn it is very appealing for many keen investors to place their money in. The market never sleeps as it operates 24/7, all year round, and there are no regulatory authorities that oversee the market, also no individual entity has enough power to heavily influence any particular currency pair these days. The best thing about the Forex market is that there are no commissions involved, brokers make money through the spread, and also there are no middle men, that along with the fact that the Forex Market is extremely liquid makes it very appealing to all investors.
If you have ever traded the Forex Market before, or for that matter any Market, you would've realized that it is essential to obtain or create a good trading system to help guide you in the right direction. Trading the market without a good system or a predetermined plan is the number one way of setting yourself up for failure in the world of Forex, you might as well start gambling. Now getting your hands on a decent legitimate Forex trading system can be a fairly complicated task in itself, these days the market has been flooded with all different kinds of systems. Some have been thoroughly tested and are proven to work, while are others are just simple systems that you or I could've created with enough years of experience in the market.
One product that has just recently been released to the general public is a very unique system entitled Forex Killer; it has been thoroughly tested over the past few years and has proven to generate consistent positive results over the long run. The system was developed by a former currency trading advisor who worked for the Deutsche Bank, so essentially the system has been designed by professionals, who allow you to become aware of the insider perspectives on the market. The system is very easy to install and you can begin using it within a few minutes, it doesn't require any signal services, and you can also test it out on a demo account to see if it is profitable before risking your own money. Forex Killer includes training videos, and is compatible with all current trading platforms, you are also offered a lifetime of updates free of charge.
The great thing about the software is that it comes with a full 60 day money back guarantee; whenever you are looking for a trading system make sure they have some sort of a guarantee, this way you are ensured the system works and is not some cheap system developed by any youngster who is trying to rip you off. Therefore test the system out on a demo account for 2 months and if you cannot see yourself generating consistent profits, then simply return it and get your money back.
The most appealing part of The Forex Killer software is that after you purchase it, there is very little risk involved as it is a proven system, and you can set it up in a few minutes to begin practicing immediately to see if it can make you some easy money off the Forex Market. Forex Killer is a tool that if used properly it can seriously improve your overall trading results. To obtain a detailed objective review of the software check out this Forex Killer System Review, to learn how the system works and how it can benefit you as an online Forex Trader

Forex Trading Tips

Foreign Exchange Trading better known as FOREX trading is the buying and selling of currencies from different nations. With different factors involved in this trading and its fast paced nature, it is best that you find simple ways to give you a head start in the industry.
The main purpose of getting involve in FOREX trading, just like every form of trade, is the opportunity to buy one currency low, and to be able to sell another currency high. The simplest tip you can get is to always remember to buy low and sell high. There is no point in engaging a trade if you will not profit from it.
In FOREX trading, each currency is given a three letter code like the American (United States of America) dollar has the code USD, European Euro is assigned EUR, Australia Dollars is AUD, China, Yuan Renminbi is CNY, Chile, Pesos is CLP, Philippines, Peso is PHP, so on and so forth. Because many currencies like dollars and peso have the same names, it is important that you know the code of the country’s currency you are trading with. If a currency has the same code, it means that they have the same currency, just like the European Euro that is a standard across Europe, which is given the code EUR. Whether it is Réunion, Europe or Saint-Martin, Euro has the same code--EUR.
It is also important to pay attention to the trading hours on the market you intend to trade with. Since this is a global industry, many of the markets open and close at different hours. The market in Sydney, Australia opens at 4:00 pm. Tokyo, Japan opens at 7. :00 pm, Singapore and Hong Kong markets open at the same time at 9:00 pm. Frankfurt and London opens at 2:00 and 3:00 am, respectively for the European market. New York opens at 4:00 am. All these times are based on Eastern Standard Time.
Forex Trading provides detailed information on Forex Trading, Online Forex Trading, Forex Trading Tips, Forex Trading Hours and more. Forex Trading is affiliated with Forex Day Trading Systems.

Lack Of Forex Education A Major Cause Of Failure

Lack of thorough Forex education can be costly.
Some new traders open a mini-account and immediately throw $5,000 at it, jump in and get their feet wet. Within 3 months or less the account is finished.
What happened?
There is a lot of hype surrounding the Forex! The internet is full of claims that you can turn a few hundred dollars into tens of thousands within months or 1 or 2 years.
With the most rudimentary information, new traders are sometimes encouraged to begin trading long before they are qualified.
Regretfully, some get-rich-quick merchants merely teach a little technical analysis and basic concepts in the Forex education they offer and miss what amounts to the most crucial part of Forex education: Mental and emotional discipline.
Aspects Of Forex Education
So in brief, here is how the various aspects of a thorough Forex education could be prioritized in increasing order of importance:
1. Forex terminology and trading mechanics
2. Learning how to read charts
3. Learning how to use the online trading software
4. Learning a variety of technical indicators
5. Learning a handful of proven strategies employing those technical indicators
6. Practicing in a demo account
7. Opening a mini account (still viewed as a practice account)
8. Strict risk management
9. Developing mental discipline and control of emotions through experience
Let's take a look at this list a little more closely.
Notice the items of lesser importance have to do with the mechanics of trading. Most Forex education packages spend ample time on the mechanics.
But the most crucial aspects, the factors that can make or break a Forex trader are the last two, items 8 and 9.
Risk Management
Forex education must include a detailed explanation of risk management rules to be of any value.
You need to know how to calculate risk reward ratios and which trades your equity will allow and which ones you need to avoid.
Estimates vary as to what is the optimal risk percentage on any one trade. Some very conservative traders may suggest no more than 1%. As a general rule, 2% seems to be a reasonable figure allowing for a series of losing trades without putting the account in jeopardy.
More liberal traders even suggest 5% but in my view that is dangerous. Image the hit on your mental energies if you get 5 or 6 losing trades in a row if you trade with that kind of risk.
An effective Forex education will devote a serious amount of time to discussing risk management.
Mental Discipline
There is a reason why this is the most crucial factor of all. Most traders fail, not because they don't have a good trading strategy, but because they lack the mental discipline to follow it.
The Forex can take an undisciplined trader on an emotional merry-go-round and empty the account at the same time.
That is why any Forex educational package of value will spend considerable time offering strategies and guidelines on how to keep mental focus and emotions in check.
Some Forex education package are put together by individuals associated with online brokers who don't actually trade themselves. Avoid them.
Go With Professionals
If you are going to invest in Forex education, go to the professionals. Do a little research and make sure the people teaching you are seasoned traders themselves, preferably with years of experience.
So when contemplating the Forex, don't be in a rush. Take your time, research, identify a good mentor, and be thorough in your Forex education. Eventually, you may be in the small percentage of traders who make a substantial income from currency trading.
If you are looking for a comprehensive Forex education with mentoring from professionals check this:
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Trade Reliably and Smarter - Forex Auto Trade

If you are looking to be successful in the forex market, you should consider beginning to forex auto trade. This entails using some sort of program in conjunction with your trading campaign. There are a few different types of auto traders which you can choose from.
Some forex auto trade programs are completely automated programs which handle every aspect of your trading for you without you having to do anything beyond entering some simple guidance data in terms of what you want to trade and accomplish through the program. They analyze the market and at the slightest indication that you stand to lose money, they trade away in your favor to always best profit or benefit you.
Other programs require more from you and rather than trading independently of you, they generate signals for you or basically act as tip makers so that you know what and when to trade to benefit and profit the best. The upside with these programs is that they are among the most accurate ways to trade available in this a business in which success is measured by accuracy. Many traders chose to forex auto trade purely for the signal generation associated with it and won't trade any other way. These programs additionally completely eliminate any chance for human error, instead relying on cold, calculated, and tested mathematical algorithms which take every aspect of the market into account.
The best way to forex auto trade typically is a combination of the two, with a strong emphasis on signal generation. Oftentimes, programs which are completely automated and do all the work for you don't offer very good signal generations, and more than that, they tend to make the trader lazy and you don't learn a thing about the market. Ideally, you'll become a better trader through the program as you'll be trading more accurate and you'll gain a sense of how the market changes and reacts to different things, but you'll still have basic safety nets such as stop loss and take profit protocols in the software intact so that the program will still help ensure that you'll land on the winning side of the vast majority of your trades.
If you're interested in earning some real and reliable income, visit http://www.forexautotradingreviewed.com for in depth reviews on the leading software to forex auto trade with and don't wait another day before you begin carving out your niche to financial independence.

Forex Automated Software - Why Do They NEVER Produce the Gains They Claim When You Trade

You have seen the ads $100 get you an income for life 90% accuracy and you get financial freedom and never have to worry again however the reality is very different for one specific reason...
The track records look great but there not real and that's the catch.
It always seems odd to me, someone can claim they can make you money, when the only evidence they have is a simulated track record on past data.
Let me ask you Question:
I am going to give you all the data for say the last 10 years, so you know EXACTLY what prices have done. Now go and execute trading signals and buy and sell wherever you wish and see if you can make a profit - Could you do that?
Sure you could, anyone could - but the problem is, in the real world you DON'T know the price in advance and of course trading then is much harder.
It's hard to believe that people take these track records seriously but they do. Normal sensible, people, n everyday life, let their greed get the better of them and fall for the clever copy, buy the system and then they get taught some manners by the market.
The systems may sound convincing but if everyone could get 7 figure income profits for an outlay of a night down the bar, no one would work and everyone would be a trader.
So if you are thinking of investing $100 or so in a forex trading system with a simulated track record, take my advice - spend the money up the bar, at least you will get some enjoyment for your investment.
You Can Make Money Though!
Of course you can but like in all areas of life where there are big gains to be made you need to put in some effort.
You need to learn the basics and get confidence in what you are doing. Forex trading offers incredible rewards for people who are prepared to work hard, so get the right forex education, be sensible and you could make a lot of money.
You get nothing in life unless you put in effort and no expert forex trading advisor is going to lead you to riches. Ignore the hype, do the work you need to and enjoy currency trading success.
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Start Your Online Forex Trading Business

I'm going to show you how to start your online forex trading business in a short period of time. This is a fun and exciting new way for individuals to profit in a global market. There is over three trillion dollars a day being traded and that brings a lot of profit seeking people. This isn't a get rich quick market. There are a lot of people that think like that and they lost a lot of their money being ignorant. This is a business for people that want to have their own business and work from home. I'll share a little of what I learned during my time in this market.
A broker is the middleman that moves money around on your behalf in the market. You need to have one of quality and this will require research. I found the best way of doing this is simply going to forex forums and checking out the threads. You just have to Google "forex forums" and you'll find a lot of them. Brokers are a hot topic, so you'll hear a lot about the good, bad and ugly. After reading you should be better equipped in deciding which is best.
Before you actually step into the market, play around with your demo account. It's away of simulating the trading process without actually have to invest any money. This way you learn the trading platform and how things work, so you don't walk into it blind.
Lastly, like any business, you're going to need the tools required to be profitable. Software is essential for watching the market over a 24hr period. Obviously as an individual, you'll have to sleep sometime, so software is like having your own employee watch the market for you.
I'm currently giving a 7 day free forex course. Newbies and experienced are all welcome. If you're interested in participating, check out the Casual Forex Trader.

Start a Forex Business

I wanted to take the time to show you how to start a forex business. This isn't quite as difficult as people make it out to be. Starting a business is actually quite easy if you know the proper steps. The first thing you need to do is make it official by registering a sole proprietorship or LLC with your government. This is how you get legal and than you can get down to the real work of investing. I'll share a little about what I've learned setting up my a forex business and some of the obstacles I had to overcome.
When you're legal with the government, the next step is to get yourself a competent broker. I use the term competent because there are a lot of poor brokers out there and because you'll be looking on the internet, it is possible that you could run into a flat out scam. The internet is a free place for people to come and make a website, which makes it difficult to tell which broker's website is legit or an operation run out of a basement. I found the best way of finding a good broker is to hang out at forex forums and read the broker topics. You'll learn a lot about which are good, bad and scams.
To compete against big banks and other firms, you're going to need software to help watch the market for you. Automated software can be very helpful at finding profitable trades when you're not in front of the computer.
Forex Tracer is the best automated software tool on the market. It is a 24hr automated tracing machine that will find the most profitable trades possible.
Learn more at the Forex Tracer Review.

Managed Forex Accounts

Managed forex accounts can be a helpful tool for the new or inexperienced investor, and for those investors who simply prefer having their money handled by a professional. The forex (foreign exchange) market is a highly specialized form of day trading that deals in the world’s currencies. Trading forex is speculative, with potential for huge profits and great losses, so knowledge of the market is essential for successful trading. Managed forex accounts can offer an inroad to that knowledge.
Forex is a 24-hour market that is traded over the counter (OTC) via the “interbank” with centers in New York, London, Tokyo and Sydney. It is also a global market. Some forex investors have no desire to watch the market 24 hours a day. Others either do not have the experience, or simply do not have the time. Managed forex accounts provide investors with an experienced forex “watchdog” to act on the investor’s behalf. Professional traders can not only keep an eye on the ever-changing conditions, but also have access to a greater range of trading situations. In addition, with a professional on the job, the investor gains improved time and increased flexibility. The professional can acquire information on the fly and take advantage of opportunities as they arise.
For the traditional investor, managed forex accounts can provide portfolio diversification. Real estate, equities, fixed income and other traditional investments tend to be cyclical in nature. Trading on the forex market gives the classical trader an opportunity to make money regardless of the activity on the stock market. Traders with managed forex accounts can utilize both long and short positions, because in forex trading there is no difference in the profit potential between the two positions. Considered “biased long”, forex is capable of profiting under any market condition.
Overseeing transactions is just one of several benefits managed forex accounts provide. Minimum investment required with forex is lower than the more traditional equity and real estate accounts. Additionally, managed forex accounts deal only with the individual trade, (unlike mutual funds where trades involve funds of several investors). As a result, investors have access to the entire balance of their account. There is no lock-up period, so the investor can withdraw any or all funds at their discretion. In addition, professionals have access to more markets, and can more easily manage the higher risk, more volatile currencies.
Knowledge of the market is essential, but so is knowledge of who is participating in the market. To begin forex trading, an investor must have an account, a trading platform and a reputable broker. Before making a commitment to trading forex, perform background research on brokers, particularly regarding their country of operation. Because of the lack of a central exchange, managed forex accounts brokers are governed by the regulations of their individual country. In the United States, brokers must register with the Futures Commission Merchant (FCM). The Commodity Futures Trading Commission (CFTC) regulates them. Subsequently, each broker has an NFA (National Futures Association) ID, and the Brokers can be checked out with regulatory authorities.
Are you interested in learning about the Forex Online Currency System? Our site provides plenty of useful information regarding Forex Trading.
by T.D. Houser