Trading Forex Currencies As a Legitimate Business – How About Letting the Robots Trade For You?

Do you happen to know what the fastest growing investment opportunity is right now in our world? No, it is not some Multi-Level-Marketing scam trying to push some exotic fruit beverage that promises anti-oxidant boosts and improved health. No, it is not some get rich quick scam either! I have seen plenty of them in my day and I can tell you we are not discussing getting rich quick here.

What I am talking about in this article here, is called Forex. Forex is an investment market where your country's currency is being traded for another country's currency and the deviations between the purchase and selling of currencies is where you either make or lose money.

Forex is a round-the-clock 24 hour market where close to a whopping four trillion dollars is traded on a daily basis. Now the markets are not open on the weekends, but between Sunday evening / Monday morning and Friday afternoon / evening you can trade any part of the day or night.

In currency trading, you have a multiple of options for what courses that you want to trade. Perhaps you want to sell the euro against the United States dollar or maybe you want to sell the Japanese Yen against the English pound. There are several different trading strategies taken for account for each currency pair. Not one strategy is going to work for two different currency pairs. If you try to trade the EURUSD and USDJPY the same way, you will most likely lose your shirt. Both currency pairs resemble different…



by Thomas Howell

Trust Expert Advisor Reviews?

We hear a lot about the advantages of reading expert advisor reviews before you invest in one, but can you actually trust them? There are so many different types of robots and different types of Forex traders, that even if an EA or expert advisor has the best reviews in the world, it still might not work for every individual.

That may be a surprising statement. You can probably imagine that trading system, which depends on the trader to put it into practice successfully each time, could have very different results for different people. The assumption is often that robots either work or they do not, and that they will work in the same way for everyone, so that all users make the same profit at all times. But in fact this is not true.

In broad terms of course most traders' results will follow peaks and downturns at approximately the same time if they are using the same software, but surprisingly, the actual results can be quite different. In fact in some of the expert advisor forums you can find two people using the same EA and one is making a profit while the other is making a loss. So why is this?

There are several factors that contribute to the discrepancy. First, there is the question of currency pairs. Most expert advisers have the potential to work with several currency pairs and they will not always perform equally well with all of them. You can often get better results by concentrating only on the pair or pairs that are the most successful. Expert…



Source by James Roshwood

List of All Forex Currency Pairs According to Major, Exotic and Precious Metals

This article presents a list of all the Forex currency pairs. The currency pairs are grouped according to major, exotic, precious, and correlated pairs.

Forex currency pairs are the integral instruments being traded in Forex. They are also called securities. In Forex unlike stocks and commodities, the security or trading instruments are paired in a BUY/SELL or SELL/BUY pattern. For example the Forex currency pair EURUSD technically would mean buy the Euro and sell the Dollar or sell the EUR and buy the Dollar. Profits are made when the EUR for example is bought at 1.4500 dollars and later sold at 2.4950 dollars (i.e. buy EURUSD at $1.4500 and later sell when EUR is $2.4950) This is where the slogan “Buy LOW and Sell HIGH” comes in.

A lot of traders often do not know the Forex currency pairs available in Forex. Most traders would have been more successful only if they diversify their strategies to include other currency pairs.

Other details such as swaps, spreads, or currency pip range are not included in the list as they are broker specifics, and they are dynamic in nature.

FOREX CURRENCY PAIRS

1. All Forex Currency Pairs (ordered alphabetically)

S/N FX PAIR

1. AUDCAD – Australian Dollar/Canadian Dollar

2. AUDCHF – Australian Dollar/Swiss Franc

3. AUDJPY – Australian Dollar/Japanese Yen

4. AUDNZD – Australian Dollar/New Zealand Dollar

5. AUDUSD – Australian Dollar/US Dollar

6. CADCHF – Canadian Dollar/Swiss Franc

7. CADJPY – Canadian Dollar/Japanese Yen

8. CHFJPY – Swiss…



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6 Practical Benefits Of Forex Trading

Forex trading is a very exciting activity that requires an individual to have a mix of discipline and analysis. With the right knowledge and ability to read charts or financial reports, there are plenty of opportunities to make a profit on buying and selling currency pairs. Let’s take a look at a few reasons why the Forex market is so popular:

Eliminates the middleman

Most individuals using the Forex market have the option to trade directly without the needed to rely on a middleman to broker the transactions. All pricing for the currency pairs is determined by the market responsible which significantly helps to speed up the trading activity.

No commissions

Forex trading does not rely on brokerage fees, exchange fees or cleaning fees. Most of the brokers involved in the Forex market earn a commission thought the bid/ask spread amount. Under normal trading conditions, the bid/ask spread amount is often less than 0.1%. However, for the high volume traders, this can be lowered to a rate of about 0.07%.

24-hour market

The Forex market is open and available to trade at any time of the day or night. This is certain to appeal to the part-time traders that have limited free time. Whether is it morning, midday, or nighttime, it is possible to place a trade with other active traders elsewhere in the world.

Low entry barriers

Traders in the Forex market have the option to get started with a very small trading account which can be as small as $20/25. This is completely different to the…



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Forex Forum – What’s the Most Popular Forex Forum Used by 4X Traders Online?

Choosing the best Forex Forum can be hard to find. Ideally a Fx forum should include a number of attributes for both beginners and advanced traders. Most traders after a while, once they’ve chosen their platform will stick to the forum of there specific system which enables them to gain an inside view on the most popular currency pairs.

After considerable research it can be deemed that the best 4X forums are found within specific sites which are trading systems themselves. They will include the following.

  • Live Training: Here you will receive one-on-one training with an account service manager. This is normally carried out over the phone or using an online chat system.
  • Free Guidebook. Some Fx systems include a free down-loadable eBook as an introductory guide. This will teach you valuable background skills in technical methods, trading tips, Forex glossary terms, how to read charts and how financial indicators are used in Fundamental Analysis.
  • Video Guides: Now an integral part of Forex training, these should be delivered in a clear and concise manner where the Forex trainee is addressed at eye level through simple training procedures. You will learn how to open, modify and close deals using unique tools like a Trade Controller, and how to manage you SMS alerts.
  • Inside Viewer: Few systems include a Forex visual trading tool, but ones which do will provide you with a unique insight into real time trades of what other currency pairs traders…



Source by Rob R Carmichael

Precautions to Take When You Start Forex Trading

When you start a business no matter what it is you need to be cautious. Until you gain experience you must not be carefree. When it comes to trading precautions are of utmost importance because if you neglect on them you might lose big. The following are some of the important precautions you need to concentrate on.

Start trading with just one currency pair

Although there are lots of currency pairs on which you could do your trading it is not a wise thing to try many different currency pairs at the same time no matter how well you earned experience with your demo account. When you start your trading with just one pair of contracts you may make only little profit but in case you lose you will also make little loss.

Do a lot of research

Doing research on market trends is of utmost importance when it comes to trading foreign exchange. You could do your own research by watching news and also you could get guided by signals given by your broker. Most of the signals come to the inbox of your email. Gather all information and be well informed when you start the day with trading.

Choose currency pairs with low spreads

When you do your research you will find that there are some currency pairs that have spreads that are as much as 1,000 pips some times. You naturally will get tempted to trade these pairs as you realize that if you win you win handsomely. But you need to realize that in case you lose you also lose badly. …



Source by Nivia Devidson

AI Forex Robot Review – Forex Trade Robot

The AI ​​Forex Robot is an automated trading software that helps its users execute trades automatically in many currency pairs. It is also known as an expert advisor (EA) and can get started making money with a small capital of as little as $ 50.

1. Keeping Your AI Forex Robot Updated on a Daily Basis

This automated robot has a self updating system that works as long as you have connection to the Internet. As soon as an update patch becomes available, the robot updates by itself without the user having to do anything. It trades fully automatically just like any FX Expert Advisor.

Whilst most other automated trading system are only programmed to trade with 1 or 2 currency pairs and can only work under very specific conditions, AI FX Robot works on many real time market states and trades a whole bunch of currency pairs.

2. How is the AI ​​Forex Robot Different from other Currency Trading Software?

This robot approaches the markets with a reasonable trading strategy that is conservative and low risk in nature. It welcomes a responsible way of making money that generates a smooth upward equity curve over the long haul.

There is a structured instructional manual that is easy to read and understand especially for beginners. The robot makes forecasts about the currency pairs' future trading range and direction and makes automatic trades in those directions. It also sets stop loss and take profit levels based on the trading range that it forecasts.



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What Does a Forex Pip Mean?

A pip, that's a term you need to understand well if you are thinking of going into trading. It is a term used by traders to measure how much they have earned or lost in their trades. Seems not to be very important compared to other terms such indicators or leverage, but not knowing what pips meant to a trade can be costly.

Forex trading is usually done in pairs. The second of the currency pairs being traded is the quote price. This means that in the currency pairs EUR / USD, the US dollar will be the quote price. The price of this currency pair will be what the present value of the US Dollar is against 1 Euro, for example $ 1.70 or 17000.
You will notice that the quote price has to zeros added. The two zeros stands for the quantity of the currency pair to be traded. And the pip will be the measure, the smallest measure, of change or move in the price to the quote. One pip will be equivalent to 0001. In the example given, if the 17000 price changes to 1070 you would have earned 10 pips. How do you calculate earnings using the pips? There is what traders call as $ 100,000 standard lots, so if you earned 100 pips trading this lot your earnings will be $ 1,000.

The currency quote will vary, of course. Sometimes it will be USD / Euro. The same process of calculating movements and perception will be the same. But this time it's the price of the Euro will be used. The formulas may appear perplexing at first. However, you have enough time…



Source by Benjamin Stockton

Defining Your Forex Trading Strategy

Through years, experts have come up and experiment many trading strategies so that they can find the suitable strategy to reap huge profits while trying to minimize losses. As a novice trader that begins to explore the world of trading, it is important to know how the basics of Forex first and the risks involved. Subsequently prior to trading the markets, you need to have a way to tackle the market (a Forex trading strategy) to get what you are looking for profits.

In order to do so, you have to start off with some development of basic strategies and rules that make them work. You have to first understand what kind of trader you are or your trader profile. This is heavily related to how you are going to define your Forex trading strategy.

There are basically four main points to think about before you risk that money in the live markets.

1. Fundamental or Technical

Are you going to trade with just only fundamentals, technical or both? Developing your own set of trading rules defines your rationality during live conditions, failure to stick to your own rules result in failure as you’re trading through your own emotions by then.

2. Currency to trade

With the vast sea of different currency pairs, it is not wise to go after all the pairs thinking that you’ll be more profitable. It will just result in you being more disillusioned and loss of focus in trading. Develop your acumen on 1 to 2 currency pairs and learn about their behaviour. You will be better at identifying opportunities…



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Basic Steps to Get Ready for Forex Trading

Forex trading may seem a little complicated at first, but if you take the time to learn about leverage, interest rates, currency pairs, etc., it will soon become less intimidating. Trading on this market can be relatively simple by following visual signals on charts offered by the trading platforms or more in-depth by reading daily financial reports to base the trades. The type of Forex trading is based on personal preference, time you are willing to invest, and the amount in your account.

Let’s take a look at a few of the steps to learn more about Forex trading:

Start learning the basics

The very first step to learn about Forex trading is to start reading about the basics. There are plenty of online tutorials and guides to read, as well as trading forums. Reading a Forex glossary is a great way to learn and understand the industry specific words, such as cash price, leverage, dealing spread, fill, no touch, etc. In the early stages, it is practical to simply get familiar with the basics. Leave the actual trading until a solid understanding of Forex trading is acquired.

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