Forex Trading - A Simple Tip to Super Charge Your Profits

The tip enclosed is simple and can make your system become more profitable instantly. Its not accepted wisdom in the Forex community but don't let that worry you most Forex traders lose...
I spoke to a trader the other day who trades his family's portfolio and it's a good few million and we looked at his track record which is outstanding 3 years compound growth of 77% with just 18% maximum drawdown.
What was interesting was how many trades he made per year and it worked out at 9 - That's less than 1 a month!
He is patient and waits for big high odds trades, loads them up and leaves them for weeks or months and makes big profits. This guy proves the point that trading frequency and effort has nothing to do with profits - its accuracy with your trading signals.
Now contrast the trader above with the vast amount of traders, who day trade, scalp or are always in the market and most of these lose hands down. Their trading too much, hitting low odds trades and losing.
Many traders think the more effort they make and the more trades they put in, the more chance they have of winning but this is simply not true, you don't get rewarded for effort you get rewarded for being right.
Also trade short term and you lose - because for example all volatility is random in a day session, that's why you never see a day trader win. Many get fixated with watching all the short term fluctuations in the market, and miss the fact that if you look at any Forex chart, the trends to trade are the ones that last for months or even years, it may not be exciting - but it sure is profitable!
The big high odds trades don't come around all the time but if you are patient, wait for them and hold them you can make a lot more money with less stress.
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Forex Trading Profit Making Tips

I'm going to share with you some of my forex trading profit making tips. These tips should help you aid in turning your online trading into a real business, you can support yourself on. There are more people than ever before working from home making a living. You should definitely take advantage of it.
How do I become a confident trader?
Well, you obviously can't tell yourself to be a confident trader. It doesn't work that way. It takes time and positive experience to become a confident trader. But you can do the next best thing, act confident. Act confident even if you don't feel confident on the inside. A confident trader is sure of their work. They know it's right and they make trades based on it. They don't hesitate on making a trade. They don't ask for other people's opinions on a trade. They just make the trade. After they make the trade, they don't sit around stressing at every little move it makes. Allow the trade to run it's course, so it at least has some time to perform.
How important is news?
News is very important. There is so much news out there that I couldn't tell you which ones will affect the market and which ones won't. Typically anything affecting the economy will affect the currency market. If the news is positive, typically the response in the currency market is positive. The same is true for negative news. It will also be negative in the currency market.
Is there an alternative to hiring a staff?
Yes, automated software is the solution. Instead of hiring someone to sit in front of the computer and watch trades, you can get Forex Killer software to continuously watch the trades and make the most profitable decision for it. This saves money and makes you money.
The automated software of Forex Killer will give you an immediate edge in the market. Make trades that work for your profit line. For more information on the Forex Killer software, check out Forex Charting Software.

Making a Living in Forex Trading

Often people ask me if it is really possible to make a living trading the Forex market. I would have to say that it is definitely not possible to merely make a living unless you have no idea of what simple trading money management is. If you are successful in Forex trading and you understand what money management is, you will not just make a living but will create wealth relatively quickly. So I often tell people that if you are looking for a job, you might want to try Wal Mart. I hear they are hiring part time employees.
A good tool that can help you to understand how this works is a calculator. They can be purchased at most local stores for as little as $5.00. Then you might want to open a Forex trading demo account and place a trade. Observe what happens to the digits that display the profit or loss and get an idea of what the value of a PIP is in your account. Then you can develop a purely hypothetical trading plan.
After you have learned a little about how Forex trading works you should start to get an idea of what is a realistic expectation for results in PIPS over a given period of time. Then decide what a prudent risk management plan would be. Some say no more than 2% of your capital is a good number. That number is of course, based on a false industry belief that it is not possible to have a high win to loss ratio in Forex trading. Regardless, it is a good conservative number. Then simply start off with a number that represents the amount of capital you plan to start with and project what would happen if you were successful with a realistic win to loss ratio. How many PIPS will you earn? Win to loss ratio is the number of winning trades vs. the number of losing ones. Risk to reward ratio represents the average number of PIPS per loss vs. the average number of PIPS per winning trade. What will your average net gain be per day or per month? What will that do to your capital?
The next step is to note the amount of money you need to meet your living expenses. When the amount of your monthly profits is at least twice as much as the amount you need to live, begin taking out 50% of your monthly profits. From that point on you will make a living AND your trading account will increase each month while the amount you take out will also increase every month from that point on. What could be better than that?
Learn Currency Trading

The Best Forex Trading Software Offers

As forex trading software has been lauded in some circles as being the future of forex trading, the best forex trading software excels in the two areas of forex trading which measure profit and success more than anywhere: accuracy and timing.
Arguably the most power feature associated with the best forex trading software is the trend indicator. While most of these programs will have a different name for it, the purpose is essentially always the same. Forex programs keep a tireless and vigilante watch over the market. They constantly take in and dissect the data from the market. Trend indicators in the program take this information and run it through complex mathematical algorithms to generate predictions as to where exactly areas of the market will go next so that you the trader can trade early and ahead of the curve to fully profit and take advantage of a trend.
The best part about trend indicators is that the best forex trading software publishers test their indicators for months and sometimes even years before they are released to traders. They are tested within the confines of real campaigns and refined until they are as accurate and correct as possible. Many traders swear by the tips which they receive from their trend indicators.
Through constant and free updates from their publishers, the best forex trading software remains as fresh and up to date as the market itself. If you want the most accurate and precise information affecting your trading, there is honestly no substitute for the forex trading programs.
The best forex trading software also affords you the opportunity to trade much more timely. As I already mentioned, these programs keep a constant watch over the market. Using the same basic process to . This is much more sophisticated than stop loss and take profit, because instead of setting limits, you can stop a bad and waning trade at the ground level before it costs you. Stop loss and take profit protocols are still available through most of these programs, however, if you'd rather just set limits.
Start your path to financial independence and begin earning some reliable and guaranteed income today. Visit http://www.forexautotradingreviewed.com for in depth reviews on the leading forex trading programs available today.

The Forex Trading System That Makes the Most Sense For a Person Just Starting in the FX Markets

A majority of new people that decide to enter the currency markets are aware of the fact that one of the tools they need to trade with is a Forex trading system. However they are usually not completely up to speed on which currency trading system will help them facilitate the process of becoming a highly lucrative trader. In far too many circumstances they are under the impression that an automated Forex trading system can actually make them money by itself. This is simply not the case.
All automated Forex trading systems allow the user to turn off the automation process of trading for them. This is the only way these systems should be used. These are tremendous pieces of software that are sold at relatively inexpensive prices do to the fact they are sold by the millions world wide. The function that they are useful for is an information control providers. To properly trade the Forex markets a trader must be aware of millions pieces of data being constantly produced. Thus, it is not possible for a human being to collect those statistics, much less weed out the irrelevant information and focus on what is important.
All professional Forex traders have two types of Forex trading systems working on their computer while they are trading. These are a signal based system and a trend based system. The basic Forex program utilized by many highly profitable professional currency traders is to follow the way a currency is moving or its trend line. While this is happening they are scanning there RSS news feeds looking for relevant reports that might cause a particular trend line to change. If a news report is detected they will then focus in on there signal based software waiting for conformation that orders for they particular currency are increasing. When all they of there main indicators are providing the same information this is an exceptional buying opportunity.
The Forex trading system for the new investor is one that provides both trend lines for a currency and a signal if that trend line is changing. There are a few products on the market that perform both functions. If you are not happy with the quality of the products that provide both of these critical features it is possible to purchase separate systems specifically designed for each purpose. One bit of warning though, if you have not taken the time to learn currency trading from A to Z it really does not matter how sophisticated your software is, you will not become a profitable trader.
We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

The Number One Forex Trading Strategy

The Number One Forex Trading Strategy is .. actually a combination of strategies. The truth is that there a number of ways to really do well on a consistent basis in the Forex market. instead of loading you up with some non-existent "holy grail," I would rather provide you with real, proven and reliable Forex trading strategy. Here is the plan:
First, get your trading head on straight. You would be shocked at how many traders come to the currency market with all sorts of distractions and issues in their heads. How on earth can you make a wise decision in this frame of mind. It is actually, a good idea to review some monetary current events and data along with some basic trading principles about a half-hour prior to actually trading. I know this sounds monotonous but trust me, it is what the winners do.
Second, use your technical analysis tools properly. Trade on the Forex market with proven technical indicators. I like to start off with the 200 day moving average. This is the standard by which the "big money" judges the worthiness or timeliness of currencies for trading against another. It is obviously not the end- all- be- all but it is a great place to start. I then move on to the indicators that show me if a currency is severely over bought or over sold. If this is the case and the currency lines up with the 200 day moving average then I start to become very interested. Here is an example: The dollar is trading above the 200 day moving average. It is severely over sold. Now I am very interested in confirming this. How?
Third, use a reliable Forex trading software program with proven results and a positive reputation. I need clear and reliable signals from my software program and if these line up with the aforementioned indicators than I am feeling confident and ready to gain some significant pips. By the way, I have provided a link below for an objective review of the three leading software programs, I think it will help.
This method I just laid out is not pie-in-the-sky but it is proven and will more than likely make a winner out of you on the Forex market.
Get an Objective Review of the Most Popular Forex Trading Software Programs. Number One Forex Trading Strategy is the place to visit.
See What Forex Trading Software REALLY Works! forex-trading-system-review.com is the place to visit.

Learn How to Successfully Handle a Forex Managed Account With the Help of Robotic Software

If you are one of the many who have just started taking interest in the potential monetary returns of trading in the FOREX market, then the first thing before you do anything else is to learn about how to successfully trade FOREX on autopilot.
Sure, you can try doing it using a very hands-on approach but that would set you back instead of taking you further.
Many traders use autopilot systems that basically does all the trading for them, day in and day out. So you can go do what you want or need to do and not worry about not making any money at all. However, don't think that just because you have this autopilot system you can forget about learning the basics of trading FOREX.
That is a big no, no. You would still need to learn and understand how the market ebbs and flows. Why? That's because it's one, if not, the only way to be truly successful in trading currencies in the FOREX market. Of course there are plenty of reliable autopilot systems like the Forex Tracer and the Forex Funnel which are both effective and efficient in searching for the best possible trades.
After learning the basics of Forex trading, another thing you should consider is to get more information as well as to familiarize yourself with the numerous techniques and strategies used in trading and you can do that through getting into "clubs" such as Forex Brotherhood that would provide you with all the information you need.
The best part about these clubs is that you get information from the best of the best in the industry so you are guaranteed that whatever strategy or technique you will learn has been tried and tested.
I personally started out with this remarkable and easy to use automated trading software named Forex-Brotherhood. And amazingly, it made my work so simpler and make my Forex trading so hassle free that now I Literally earn money on auto pilot after 1-2 months of set up. You can Check this and some other great software and it reviews - http://revenueboosterz.com/forexsoftwarereview.html
To know more about Forex trading and automated software click here FOREXROBOTREVIEWS

Penny Stocks Profits - Money Management

Penny stocks, and day trading in general, are attractive because profits can be realized in a short amount of time. Unfortunately, that short-term profit often puts traders into a short-term mindset. And when it comes to money management and goal setting, short term thinking can be devastating.
The very reason for day trading is to make a greater profit than might be possible in any other investment vehicle. And it certainly can be if done correctly. But if the mindset is only for the short-term goal of getting rich quick, then you can be guaranteed, disaster looms ahead.
To truly cash in on penny stocks profits, one must have a longer term outlook. Now, I'm not talking about the time period of a trade. I'm talking about the overall plan and expectations. Not trade-by-trade. Not even week-by-week. But how about developing a life-time system? (Sort of like a developing a life-time mindset of eating healthy as opposed to crash diets.)
Two Aspects of Trading
Let's examine two aspects of trading. The first is when to get in and when to get out of the market. When to pull the trigger, where to set the trailing stops, when to make the exits. To help you in these decisions, there are trading systems, software, newsletters, hot lines, trading reports, and the list goes on. These are all tremendous helps. (See below for some of the better ones available.)
But the second aspect often goes begging - and it is a decision made every time a trade is executed. That decision is: how much of your capital are you going to risk on one trade? This decision often has more to do with your success than knowledge of the market itself.
Your decision of how much you are willing to risk must be made way ahead of the moment you pull the trigger to make your trade.
A Simple Example.
One trader followed the advice of a trading service (perhaps much like Marl, the Stock Trading Robot). For a year this trader made trades according to the advice given. At the end of the year his account reached $27,000. The next year, he pulled in $15,000. He now was in profits for $42,000. Pretty good, right?
Trader number two used the same service. Contrary to trader number one, this trader applied conservative money management principles. His first year netted him $63,000. (If you're slow with math, that is a 233% increase over trader number one.) The second year, he continued in his conservative pattern and brought in $113,000. His total profits added up to $176,000. A whopping 419% more than trader number one.
The third year showed a downturn in the trading service and there was a loss of $15,000. Trader number one wound up with a profit of $27,000 for the three years. Trader number two, however, stood at $102,000 in total profits. Hence trader number one wound up giving back all his profits.
The question is, which trader would you rather be?
What Can Money Management Do For You?

1. Keep you from being wiped out.
2. Allow you to approach system trading with a plan and the ability to continue trading even if the system fails miserably.
3. Increase your profits five- to tenfold (500 percent to 1,000 percent) without increasing your overall risk of the account. (It may even decrease the overall percent at risk in the account.)
4. Protect your profits should the system fail you.

There are three vital questions that every trader must ask regarding money management:

1. What is the goal of your account?
2. What is the total risk you are willing to take to achieve that goal?
3. What are the available resources to achieve your goal without violating your risk tolerance levels?

With every penny stock day trader the answers will be different. What is right for you might not be right for your trading buddy.
Understanding money management will allow you apply the principles to your trading to accomplish your goals - without violating your risk tolerance levels.
Three Simple Tips in Money Management:

1. Limit Order: Know how to place a limit order when buying stock. No surprises. You buy only at the exact price you specify, usually somewhere between the bid and ask price on your screen.
2. Stop-loss market order: Immediately after you buy, place your stop-loss market sell order with your online broker. This 30-second act of typing in symbol, price, shares, and the time period during which you want this order in place will automatically sell your stock later, at the price you have predetermined should the market take a surprise nosedive.
3. Sell order: Decide on the price at which you'd like to sell. Don't get greedy. (Greed and fear are the twin killers in trading. Keep greed glands in check at all times.) Keep that number written down on a piece of paper and keep it close at hand. If the stock zooms up further, you can always buy back in for $8 or $10 or $30 commissions. That better than losing your entire investment.

Online day trading is a tremendous opportunity to grow your cash reserves. But please educate yourself along the way. Just as a person can self-educate in the areas of finance and the Internet, you can learn how to safely profit by day trading penny stocks.
In the area of money management ask yourself:

1. Are you strong enough to create a plan of action and stick with it?
2. Are you strong enough to walk away when winning? (Hint: Emotions are dangerous to your trading health.)

We've all read the statistics that approximately 70% of all traders lose money. Isn't it ironic that in the trading industry, more than 70% of all traders ignore money management. Hmmm. Could it be coincidence?
Only you can determine if this venture is for you. And if it is, be wise enough to include prudent money management into your trading system.
Daytrading Coach - Free 60- minute Coaching Session: Stop stumbling in your day trading. Let seasoned traders (3 of them floor traders) teach you their techniques and systems. Free trial coaching session. Hurry, before you lose another dollar. http://www.dblpennystox.com/rockwell2
Join us here for more trading chatter: http://www.normslink.blogspot.com

Forex Auto Pilot Complaints - Is It a Scam?

Forex Auto Pilot, an automatic forex trading software created by Marcus Leary, is one of the most popular currency trading softwares in the world today. It has been used by thousands of people and overall enjoys positive reviews. However, not everything is perfect with this software. There are some common complaints about Forex Auto Pilot which it will be good for you to know about before you decide to get it and start using it.
Forex AutoPilot Complaints
1. The software doesn't run on MAC computers. Forex AutoPilot was designed for PC's which run on Windows, so it won't run on MAC by itself. However, there is a Free software you can download which can emulate Windows on your MAC and which will allow you to run Forexautopilot without any difficulty. I know because I talked about it with the Forex Autopilot team myself.
2. The software is difficult to understand - It is true that some people find Forex Autopilot to be a bit complicated at first. But consider what this software does: it trades for you automatically. Of course it will be a bit hard to understand. Every software has its own learning curve. What you need to do is spend the first 2 weeks trading with a demo account until you grasp exactly what the software does.
3. The software doesn't always profit, it loses sometimes - No software is 100% foolproof, and you still need to trade with stop loss prices like you normally do. What Forex Autopilot does is to eliminate part of the risk and save you a whole lot of time. You need to examine its performance over time, and it will most likely make you more money than you normally do.
I hope this summary of common Forex Auto Pilot complaints has been useful to you. Overall, many people recommend this software in spite of these complaints. The decision is yours to make.
To read more about this software, click here: ForexAutoPilot Reviews.
John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automatic Forex Trading Softwares.

Five Forex Trading Tips You MUST Know

Jumping into Forex trading with both feet? Here are five must-know tips on forex trading and mini forex to help you stay afloat in the Foreign Exchange currency market.
Know your forex trading market.

Educate yourself about the currencies that you trade. The more you know about the country whose currency you’re trading in the forex market, the more accurately you’ll be able to predict which way the money will move.
Pick a forex trading system – and stick with it.

Savvy forex traders will tell you that system is everything. Forex trading by system lets you automate your trades based on history, following the traditional peaks and valleys. Set up a system and live with it to make the most of your forex trading.
Practice makes perfect – but it’s not the real world.

Practice forex trading accounts are great for learning how a particular trading account works – but they’re not the real world. Many experienced traders recommend starting off with a mini forex account to minimize your losses while you get acclimated.
Keep your eye on the margin.

Margin trading is a great way to lose a lot of money quickly. Stay away from forex margin trading until you’re sure you know what you’re doing.
The only win that counts in forex trading is the bottom line.
In forex trading, the bottom line is how much money you made at the end of the day. Don’t count won or lost trades – only dollars and cents.
Tony owns the http://www.live-forex-easy.com website. Please visit the site for more information about Swiss Forex Broker Marketiva.
Swiss Forex Broker Marketiva

A Quick Way to a Six-figure Income From the Stock Market - For Ordinary Folks?

Could there be a Quick Way to a 6-figure Income from the Stock Market ---for ordinary folks?
What IF... you discovered the way many get to a six-figure Income without -
" Years of studying to get an advance Degree, or
" Working decades for Experience?
What if you discover that ordinary folks (just like you) can learn how to do this ....many within as little as 3 months! Let me tell you a story about an old wildlife photographer, who is even in the age group that never learned to operate a computer.
In early 2002, he was accidentally introduced to a little stock market 'Secret' that brokers and mutual fund managers hope the public never discovers!
Have you ever heard of an 'e-mini'? Most folks haven't.
He hadn't, and he had been investing in stocks via a mutual fund, for years.
Turns out that the e-mini had been introduced in the stock market by [one] of the exchanges back in 1997, when the personal computer and the Internet had just become viable and really usable. The Chicago Mercantile Exchange thought it would be a great little affordable instrument for ordinary folks to learn to trade, taking advantage of the new personal computer and the Internet. But, by never talking about it, the stock market insiders managed to keep it for themselves (as a trading instrument), while preaching to the public nothing but 'long-term investing in stocks and mutual funds'. (Oh, yes... with "diversification," also.) Do you think that they would ever look to serving their own self-interest first and foremost? Nah. Never! (Laugh)
What this old photographer discovered was that he could take advantage of the 'e-mini', also. It became a life-course change of direction for him. Just like it can for you, too.
If the 'e-mini' is new to you (and, it probably is), then you're invited to spend some time getting acquainted with it, just like he did.
Next time, I'll acquainted you a little more with this marvelous little 'financial instrument' called the "E-mini" that has been a part of the stock market since 1997, but yet, is so unknown to everyone.
Discovering it could be the most valuable little 'education' you could ever gain.
http://www.emini-forex-trader.com (Mel's web site)
http://www.youtube.com/watch?v=-L8kSTErib4 ( a short, but very interesting video )