Forex trading signal providers send alerts to traders with specific entry and exit specifications for potential trade opportunities. They send alerts when the market conditions are right for a trader to be entered into.
For technical analyst signal providers, trading styles may vary from short-term 5 minute charts to longer term 4 hour or daily charts. Other signal providers may be strictly news based fundamental analysts or a combination of both fundamental and technical.
Trading signals can be very useful for traders when it comes to identifying potential profiting opportunities in the markets which they otherwise may have missed.
Here are 5 top tips to pick the best Forex trading signals.
Tip one: Select one that gives you signals in time
Many currency trading signals can be very effective and can help you to make consistent profits from the markets. Nevertheless, you have to make certain that they can deliver their trading signals punctually since timing is crucial for currency trading. Always remember that their timing will be highly impacted by the way they deliver the signal to you – for example, emails may take longer to reach you than pop alerts.
Tip two: Providers who offer several ways to get your signals
Another important thing to consider is the method by which your Forex trading signals provider will deliver the trading signals to you. If you cannot commit to spending all day at your computer, you may prefer to get your alerts via your…
Source by Alberto Pau
So how is it that we can make that statement? With so many Forex robots out there all claiming to be the best one and all claiming massive returns, how can we single out one and proclaim that it is the MOST popular one? Now we didn’t say the most successful one. That is still left up to be debated. But we CAN say with confidence that it is definitely successful! We’ve been using it to make lots of money and somewhat unbelievable returns. So unbelievable that we hesitate to even publish them for fear of sounding like we made it up.
Now if you’ve been trading Forex for any amount of time and do research on the internet on Forex, you’ve no doubt heard of FAP Turbo. You’ve most likely even visited their website. If you have, then you also no doubt seen all the seemingly outrageous claims they make. After our own experience with this incredible Forex trading robot, we can tell you without a doubt that those claims they make are not so outrageous! We’ve had similar returns on a shorter term basis in some of our accounts.
But back to the gist of this article. Is this the most POPULAR Forex robot of them all? So what is the measure of popularity?
There have been so many Forex robots that have come and gone that we can’t even keep track! The point is, they have come and GONE! They burst onto the seen all making claims of making money hand over fist and after an initial surge of interest and people buying them, next thing you know…POOF!…they seemingly fade away as soon as the…
Source by Markus Gee
Forex PIP stands for Percentage In Point and are essentially the smallest denomination that you can trade within the currency market. Confusing I know, but just think as it of this. A PIP in almost every market is simply 0.0001 (Four decimal places). This is true with every market except for the Japanese yen which only goes to two decimal places (0.01).
If you need a simpler analogy. Just imagine money in everyday life. The smallest piece of money you can have in general is one cent. If you were to go to a shop and buy something, you cannot pass anything over less then one cent. In the same instance, if the shop keeper was to up his prices, he would have to go in one cent increments.
So your probably thinking, If a PIP is 0.0001, where will I use this? Well at the very basic levels it is the easiest way of finding out your profit margin. For example, if you bought USD currency at 1.2134, and then sold at 1.2144. You would say you have "made 10 PIPs". And if your thinking that you have seen these sort of numbers before, then you are right. They are shown everyday on the evening news!
So if we make 10 PIPs, how much is that in real money terms? There is an easy mathematical equation to working out your profit using PIPs. It goes:
PIPs Made X $ (Initial Investment) = $ (Profit Made)
Just as a further example. If we invested $ 10,000 into the market. And then sold after we were up 20 PIPs. It would work out something like this:
0.0020 x $ 10,000…
Source by Scott Ace
When you are trading on the foreign exchange (forex) market, you can't just go buying in lots of $ 1, that wouldn't make sense and no one would do business with you. So we have these things called Forex Lots. Essentially they are like buying a dozen eggs from a grocery store. When you go to a grocery store you can't just buy one egg can you! In forex its exactly the same principle.
Lots generally come in two sizes. 10,000 (Mini Account) and 100,000. Much the same as the egg analogy. It would not be profitable for forex brokers to be selling currency one dollar (Or Yen, Pound etc) at a time.
Don't be fooled into thinking that you are actually playing around with that kind of money though (Although you can). Most forex brokers offer something called "Margin Trading". This means that although you can invest as little as $ 1,500. You still control $ 100,000 worth of currency. The margin is generally worked out in a percentage, and that percentage is what you must pay to gain control of the currency.
Take this as an example. The market indicates that the British Pound is about to soar. So you open a $ 100,000 lot through your forex broker. At the time the Pound could be around say 1.50 exchange rate. If the margin is just 1%. Then you would have to put away $ 1,500 of which would be kept with the brokers until you sold. If you made a profit then you would be given your "$ 100,000" would be sold, Your $ 1,500 given back plus any profit.
It can seem…
Source by Scott Ace
I have found the best FAP Turbo discount on the Internet! At the time of writing, I guarantee you that this is the cheapest deal on FAP Turbo ever. I mean, you can’t complain with $104? Absolute bargain. I regret not finding this the first time I purchased it. Yes you read it right; this is my second purchase of the programme.
I have been a massive fan of FAP Turbo and it has been making me money consistently for over 6 months now. Sure, it has its ups and downs but all in all I always end up with a tidy profit. So much so that I could put some aside to invest in a new computer and bought another copy for an absolute bargain so I can theoretically double my chances of making money.
FAP Turbo is sold via Clickbank and the best thing about this is that the creators of the programme DO NOT get the money until 60 days have passed. This prevents the possibility of crooks taking the money and running off so to speak. Clickbank protects your money for 60 days. What does this mean to you? You can essentially have a risk free 60-day trial for FREE.
There is fierce competition with many websites out there offering cash back offers which means that after the 60 day period and you decide to keep FAP Turbo, you will receive the cash back promised to you. The best FAP Turbo Discount on the Internet gives you $45 back. Which means you get the programme for $104. This is a steal.
All you need to do is
1) Visit http://www.fapturbodiscountscamreview.com and buy FAP Turbo through their affiliate…
Source by George Mos
If you are going to trade forex online, it is essential to have a solid trading system in place in order to be successful. Although I like “automated” (or robot) trading systems, I think they can be too dangerous for a new investor. You should really understand how the forex market works before relying on a script to trade it for you. That being said, I believe I have found an excellent forex trading system for both newbie and experienced forex traders: Dean Saunders’s 10 Minute Wealth Builder.
Why is Dean Saunders’s 10 Minute Wealth Builder a good forex trading system for newbies?
It takes a simple, conservative approach to forex trading. You won’t need to worry about one bad trade ruining your whole account. You won’t need to use any complicated indicators or EA’s to identify entry and exit points. Dean provides detailed video tutorials on reading charts, determining the trend, taking the trade, money management, and several other key concepts. He provides you with everything you need to know to successfully trade his system.
So how does his system work? The heart of the system is basically trendline and price point analysis. Support and resistance levels are used to determine when to enter and exit your trades. There are rules in place to pinpoint your stop-loss and take-profit levels. The 10 Minute Wealth Builder is geared towards catching the larger market moves, and is not recommended for either scalping or day trading. In fact, if you are trading all major currency…
Source by CJ Hall
Forex expert advisors are currently extremely popular amongst the forex community. It’s not hard to see why because many people soon realise how difficult it is to actually make money from forex trading so they turn to automated forex robots, which is essentially what a forex expert advisor is.
Let me explain to you how forex expert advisors actually work first of all. Most of these systems are developed to work with Metatrader 4, the popular charting and trading platform, so once you buy one of these expert advisors all you do is download the software and configure it to work with Metatrader 4. This process usually takes no more than a few minutes at most.
You are then ready to set it up to start trading automatically. You can either start trading with real money or you can take the wiser option of testing it out on a demo account initially before letting it trade with real money if it’s profitable.
So what are the advantages of using a forex expert advisor to trade the markets?
Well the major benefit is that you no longer need to come up with your own profitable trading system. The expert advisor was designed for this purpose. They have been designed to find high probability set-ups in a certain way, and they will keep trading these similar positions over and over again, hopefully resulting in big profits. All the emotion is taking out of the whole trading process, which is very often the downfall of so many forex traders.
Of course not all forex expert advisors end up being…
Source by James Woolley
There are many forex trading solutions online now which help make it easier that ever before to carry out this activity. These can include automated robots, as well as free advice that is dispensed on trading sites, along with training courses run both on and offline to help people make a profit on the currency market.
It should also be noted that there are many people who are not successful at this activity, so it is therefore an exceptionally wise idea to consider things before you jump in headfirst. As mentioned above, there are plenty of forex trading solutions and advice freely available, and this is definitely worth investigating to make the most of the practice.
One of the main reasons that more and more people are becoming interested in forex trading is the fact that it is very accessible. Unlike other forms of trading which require an especially technological knowledge or skill, forex trading is something that comparatively appears easier to learn and to therefore benefit from.
All the training programmes and automated robots online also make it possible for the beginner to learn very quickly and easily compared with what was previously possible. Now, when people think they would like to start trading, they can simply go online to learn about forex with just a few clicks of a mouse.
Indeed, another draw of such an activity is that automated robots make it very easy to get started, even though learning actual skills to manually trade can be a great deal more…
Source by Yamileth Castillo
If you have decided to delve into the world of Currency Trading you had better have nerves of steel. As a newcomer you had better be ready for quite a few losses to begin with, but once you get it right, you will have even bigger wins.
The very first thing a new currency trader should do is have a stop loss in place to ensure you don't lose out everything on any one trade. The forex market doesn't have set opening and closing ours so its always humming with activity. You however need sleep at some point, and you cant be monitoring your trades 24/7. To protect yourself while your not checking your trades, you can implement a stop loss order and trust me it will save you a lot of money in the long run. Check with your forex broker for one that best suits you.
Another great tip is that the best days to trade are definitely Tuesday to Thursday. Mondays are usually "Opening" day and are more geared towards people just getting their initial trades in. Friday however is more of a "Closing" day and you will find a lot of selling happening on this day. That isn't to say that Friday should be your selling day as well. If you get greedy and hang onto your trades for too long you will be running a huge gamble.
Possibly before you even start trading for real, you should have a play on "Practice" markets. A number of forex brokers offer "practice" trading accounts that use real market values, but with play money. This is a great way to get used to the up's and down's…
Source by Scott Ace
There are many different programs like this on the market today, all offered by a range of different companies that all believe that their one is the best. Here are some tips on how to choose the best one – not by the credentials that they have to have, as many offer the same things such as innovative features to make the most of Forex charts, but by how they work out comparatively.
It is absolutely essential to compare your Forex robots, simply for the fact that many of them boast the same features, or simply have features that are too complex to fully comprehend. The best way to determine the best one is to see if there really is any proof in the pudding by looking at their results.
Firstly, check online to see if there are any independent tests of automated robots from the thousands of providers and platforms that exist today. For many there is this impartial data which will give a great deal of insight into whether one program is better than the other.
There are many independent advisors that offer this analysis of different sites so that you can compare them, so look about the internet and see what is out there. Once you have a chart that shows the performance of each robot, you are far more likely to make a better decision on which one is best in order to dominate the Forex charts.
You will need to have a look at several different factors, including how much profit is made over a specific time period, what the expected profit per transaction is, the…
Source by Yamileth Castillo