Sun 31 Jan 2010
Posted by Arthur under Forex
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Article from FRWC Royal Trader
You should be mindful of course that foreign exchange trading is dangerous, like all speculative investment. Even if you’re paying for one of these services there is no guarantee that it is going to be profitable at any actual time. All you can say is that it potentially has a better chance of being moneymaking than you would if you went in as a beginner and attempted to trade for yourself.
It’s correct that there are advantages in learning to trade for yourself. It does take time and you’ll need to employ a demo account probably for one or two months, so you will not have any chance of making real money for a very long time, but it has the benefit that you are not reliant on anyone else’s service or system. When you have mastered the art of trading for yourself, you should be capable of changing your abilities and always be able to manage your own account.
Many beginners start out with a currency exchange robot or expert counsellor and if you can pick up one of the finest ones and set it up right, this can be a good option. However , you must be familiar with the fundamentals of forex trading just to understand the settings and manage your risk. Risk management is one of the most significant facets of currency trading – get this wrong and you can go came out flat with a moneymaking system, because you won’t make enough allowance for the inevitable losing runs. So when you are looking for a forex course, make sure you get one that covers risk management in detail.
Mon 25 Jan 2010
Posted by Arthur under Forex
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I have just heard about a new program:
Pip Android is the “most intelligent currency trading system” that promises remarkable accuracy and profitability. Most importantly, it will show live trading results to back up its accuracy, once it goes live.
Pip Android’s main features:
Provides live results updated every 10 minutes.
Trades in different market conditions (ranging, sideway, choppy, and trending markets)…
I think it’s worth to take a look.
Tags: Artificial Intelligence, automated software, currency trading, EA, expert advisor, forex bot, forex trading, forex trading system, review, trading software, trading system
Wed 20 Jan 2010
Posted by Arthur under Forex
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New currency trading Forex robot:
Forex Powerband Dominator is a manual Forex trading system that works on any time frame with any currency pair, and is good for scalping as well as long term trading.
The system is sold in a package of:
A comprehensive trading manual that teaches you everything about the Forex Powerband Dominator system.
Video modules that cover: platforming and charting, how to plot “fixed” and “dynamic” support and resistance areas, how to use price action and candle formations to give you a real edge in the markets, entry techniques, the best use of time frames, position management, and more…
Looks like this currency trading system should be interesting.
Tue 12 Jan 2010
Posted by Arthur under Forex
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Did you see this?
USDBOT is a 2 in 1 robot for two currency pairs – EUR/USD and USD/JPY. The system is built around a strategy of a group of veteran currency trading traders, which has taken them years to perfect. The bot was built using the adaptive neural network technology which takes into account common trading strategies in addition to its own. Thus the bot is able to adapt to different market conditions or trends…
Can’t hurt checking out. It seems captivating.
Mon 4 Jan 2010
Posted by Arthur under Forex
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A little something to check out:
Forex Mercenary is a stand-alone FX signals software developed with its own AI and based on statistical models for each currency pair. The stand alone software doesn’t need any extra platform (such as Meta Trader) and it generates signals for short-term positions. As such it should generate several signals a day.
While there aren’t many numbers for me to crunch on (at least yet), I do have one statement that shows a 96.62% winning rate…
You should take a look, I think.
Tue 22 Dec 2009
Posted by Arthur under Forex
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A new foreign exchange robot:
Forex Mutant is a signals software and an advanced manual trading system. The trading strategy behind Fit is winning at 90.3% and the authors have set a goal to not only provide the users with results but to also teach them trading. The system is built with a notion that any beginner can trade better than a trading robot if they have a step-by-step system to follow.
Really worth checking out. It seems captivating.
Tue 22 Dec 2009
Posted by Arthur under Forex
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Why FAP Turbo is so popular? First of all let’s look at what it is. This EA is a scalper and can make several trades a day. It makes the trades automatically. So it is very attractive to beginners – who doesn’t want a robot to trade for them? And secondly it’s a scalper, so it is attractive to all traders who favor this strategy.
Scalping is a risky and thus controvercial strategy though. There are many fans and many foes of it. Traders who look for long term profits and can calmly wait for weeks for a good trade don’t like scalping. And the day traders tend to like it, because of immediate profits.
Hence, FAP Turbo is popular but there are many diverse opinions around it. It all depends on a trader.
Sat 12 Dec 2009
Posted by Arthur under Forex
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Check it out:
Forex Knight Rider is a new FX scalper robot. It’s fully automated and will make several trades a day at about 6 pips in profit each (96.67% winning trades). It runs exclusively on EUR/USD 15 minute chart…
You don’t see programs like that every day.
Thu 10 Dec 2009
Posted by Arthur under Forex
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Here is an unusual program:
Before writing a review of FXOpen I’ve researched a lot of Forex brokerage firms that use MetaTrader4 platform and they were one of the most talked about brokerage firms with a very decent feedback. Furthermore, FXOpen is used by traders who trade with Expert Advisors and realizing that most readers of this site are interested in auto trading, it was a nice fit. The only problems that people seem to be having are with scalping – the servers sometime seem to be having delaying and an occasional re-quoting is happening. So if you’re looking for a brokerage firm for scalping, FXOpen may not be ideal. Other than that most traders seem to be having a good experience, so I went ahead and took a closer look at this brokerage firm…
You should take a look, I think.
Sat 5 Dec 2009
Posted by Arthur under Forex
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Check this out:
“4X Pip Snager is a non-automated FX trading system for those who want to get their hands dirty and get results more rapidly. The package actually includes two systems – scalping and intraday swing trading system. Each system is a set of rules and indicators which you use to non-automatedly open positions with provided stop loss and take profit.
The scalper system functions on a 1 minute chart where essentially you get a signal to open a trade and wait for the pip gain to close it (or to cut the loss)…”
It might be worth it.