A Free System That's Works and Has Made Millions
You can buy a Forex robot but the ones you see heavily advertised online but they don't ever deliver the gains they say they can and most deliver an equity wipeout. The good news is you can get a free trading system that has worked for a quarter of a century and will continue to work. Let's take a look at it in more detail...
Before we look at our great system, let's see why you should avoid the ones sold online, with hyped advertising.
Most of these systems rely on back tests or simulations as the basis for their track records i.e. done knowing the closing prices. Of course this is easy but you don't get the closing price in advance when you trade in real time!
Some system vendors produce real track records but there not independently tracked, you have to take the word of the vendor. I would be happier with an independent audit.
Of course its fantasy to say you can double your profits every month, with no real drawdown. No system has ever done this long term or ever will.
So what gains can you expect with the best Forex Robots?
It depends on the risk you wish to take but the best will turn in solid gains of 30 - 100% annual profits and this is a great return on your investment.
[ForexGen Introducing Brokers]
Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.
WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?
* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.
In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.
Individualized service
[ForexGen] offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.
ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make ForexGen
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Monday, 12 January 2009
Automated Forex Trading Systems
Currency Trading System
Here we will show a simple method you can base your currency trading system on which will always work, is simple to understand and can make huge gains. Let's take a look at it in more detail...
The method we are going to look at is simply buying or selling new highs or lows on a currency chart.
If you take a look at any currency chart, you will see that all big trends start and continue from breakouts to new highs and lows and they last a long time, many last several weeks, months or even years.
Most traders hate breakout trading, because they are obsessed with buy lows or selling highs (even though that's impossible) and they think when a break comes, they have missed the move. They then want to enter on a pullback but the trends don't pull back and they miss the opportunity.
Its not about pinpoint market timing it's about the odds of the trade.Valid breakouts make huge profits so don't think about the little bit you missed, think of the huge amount that could be coming!
Breakout trading works and you can put a simple, robust, trading system together quickly. Let's look at how to do it.
Step 1 - Use Bar Charts
Just simple charts and look for areas of support or resistance that have been tested a few times and are considered important by the market. The minim number of tests is 2 but the more the better and generally, if there in time frames wide apart that's better too.
The really good breakouts only come around a few times a month so be patient, you want the big high odds trades.
Step 2 - Confirm the Break
Not all breakouts continue of course so you need to filter them and for this you need some momentum indicators to confirm that price momentum is accelerating. Two good ones to use are the stochastic and RSI. These indicators give confirmation of whether momentum supports the break or not.
There are other momentum indicators but the above two are a good place to start. Don't use too many one or two is enough.
Step 3 - Stops and money Management
Stops are easy behind the breakout point. The real key to making money is trailing the stop, don't move it too quickly! If you are trading big breakouts, you need to give the market room to breathe and accept dips in open equity. A moving average near a key trend line, is a good way of doing it. We like the 40 day MA, then look for strong level around this average.
Keep in mind you will always give bit back at the end of a trend but the big trends can last many weeks or months and if you get just 70% of these trends, you will make a lot of money.
Breakouts A Timeless Method for Profits
Sure breakout trading is simple but it works and its obvious why.
If you put together a simple system and apply it with discipline, you could soon be making triple digit gains and enjoying currency trading success.
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Forex Expert Advisors - EA
Many forex systems are sold online as mechanical automated trading systems, or in Metatrader language called Expert Advisors. Expert advisors are programmed mechanical forex systems designed to work on certain trading platforms, called Metatrader platforms. The Russian designed trading platform is now the most popular trading software among brokers and traders.
An EA could be as simple as a technical indicator (a small software which shows market conditions, up, down, trends, etc..), or could be a sophisticated program based on complicated mathematical and statistical algorithms and several other pre-designed indicators.
The expert advisor, as its name indicates, gives advice to the traders as when to buy, sell or close a position and usually it will also tell the trader what size of trade to take. Also, the EA has the functionality and power, if authorized, to automatically place trading orders, or cancel them, buy, sell, and close forex positions!
1. Market Entry
All expert advisors should advise the trader when to enter or leave the market. It can also place orders at market or at another price automatically. The Expert advisor should collect the relevant information from previous historical chart data, and base the decision on that information. The level of information to be collected depends greatly on the parameters which should be entered manually by the trader.
2. Order direction
The EA will also decide, besides market entry, the direction of trade, either buy or sell. 3. Money Management
If required, the EA can also apply money management to your trades. A good expert advisor should know how much to buy or sell, by applying known money management techniques. Some expert advisor would simply change the size of order according to the equity. Some would use a more complicated algorithm. Some do not apply any money management rules.
4. Stop Losses and Take Profit
Expert advisors also have the ability to place, change, or remove stop losses and take profits orders.
5. Trailing stops
There is nothing better than expert advisor to monitor your open positions and use trailing stops. The EA is there 24 hours monitoring your trades and ready to execute anything relevant to what it was programmed to do.
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Thursday, 8 January 2009
How to Trade Successfully in The Forex Market
This article is about money management and trading psychology. This is the lesson that you never get with 99% of other Forex systems that you have come across.
I find it interesting that most of the systems out there don’t include this because if they actually were successful traders, they would know that this was the key to success and to leave it out makes an incomplete system that won’t work!! This tells me that the people that wrote them or are selling them aren’t traders at all. They are just in the business of selling HOPE!
Well, if you haven’t noticed yet, I am a trader, and I am different than the others. Don’t get me wrong, there are honest trainers out there, I learned from one and I am eternally grateful to him.
So let’s get on with this. First of all, this is my own interpretation of several sources, and the practices that have worked for me. Please read EVERYTHING you can find on trading psychology, and money management. There are a lot of slightly different views but overall, they are very similar and the main important points are all pretty much the same.
There are two main issues that cause 99% of the problems. Can you guess what they are?
If you answered FEAR and GREED, you are correct. These two emotions are probably responsible for 99% of the worlds problems as well but that is beyond the scope of this course À .
So, now that we know what the big obstacles are, let’s try and figure out how to overcome them. In the course of my lessons, I have listed a few but I will put them all together here in one place so that it is easier to follow, and perhaps make it easier for you to develop your own system to help you trade better.
We can’t eliminate fear and greed. They will still be there in your heart and mind, but we can make some rules so that they don’t interfere with your trading success. We can come up with systems and procedures to follow, since we KNOW ahead of time that fear and greed are major problems. I’m sure you have heard the statistic that 95% of all speculative leveraged traders FAIL. This is absolutely true. Here is another statistic that I
believe…100% of traders that don’t know how to overcome fear and greed will FAIL. So does that mean that if I can teach you how to overcome these problems that your chance of success is 100%? Of course not. But I can tell you that you cannot be successful if you don’t protect yourself from yourself.
In lessons 1-3 I have outlined a trading system. The first thing you must do, whether you follow my system, another system, or your own system is to follow the rules of the system WITHOUT FAIL. If your system calls for a certain entry point, do not enter until there is a signal to enter.
Systems are designed for a reason. That is why it is called a system. What do we learn from this? Patience. Perhaps the stupidest thing you can do is enter a trade on a hunch.
This brings us to our first FACT:
The odds are in your favor before you enter a trade. This is true for most trading systems. Void of fear and greed, if you follow each system exactly, you will profit. Some systems may offer better profits than others, but overall you should be able to profit with any system, IF you have no fear and no greed.
This brings us to THE BIG SECRET. Other than omitting trading psychology, other systems also don’t tell you that you are playing a game of odds. Let’s say for example that we are playing “coin toss.” Theoretically, for 100 flips of the coin, 50 will come up heads, and 50 will come up tails. Of course, the first 100 may be 55/45, but the more you play, the closer to 50/50 the numbers will get. Our system for “coin toss” is as follows: We play for 20 hours, and flip the coin exactly 5 times each hour, and for every heads that comes up, we get paid $2, and for every tails that comes up we pay $1. This should be a profitable system. After our game we see that heads came up 50 times and tails came up 50 times. (Stay with me here). So at the end of 100 tosses, we have paid $50 and received $100. A profit of $50.
So let’s say that during our second game of coin toss, we decide that we are going to let the flipper(hint: the market is the flipper) keep flipping the coin for an hour while we take lunch but we are not going to pay or be paid for those flips. During our lunch hour, heads comes up 5 times in a row (which is theoretically possible, and not that unlikely). And now we are back from lunch, and we are down $10 for the hour. Now, theoretically the odds of 5 tails in a row coming up after 5 heads in a row are pretty good because for every ten tosses, you should have about 5 heads and five tails. So now we get 5 tails in a row and now we are down another $5, for a total of $15. So not counting the 5 tosses during lunch, this leaves 90 tosses that we still have to account for and let’s say that they were 45 heads and 45 tails. Our profit for these tosses is $45 (45x2 minus 45x1), now if we take away the $15 for the tosses we didn’t take, and that string of losers, we are left with a profit if $30. So lunch and 5 lousy spins cost us 40% of our profits.
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ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading syste
My Succesful Steps ( or Forex Trading Course For Newbie Trader)
Hello newbie traders! I am also a young forex trader but have my own forex strategy. It is not strategy of a forex professional, but the strategy that I use to get money from FX every month. Each of us wants know the best way to be a successful forex trader. I think the best way is to study yourself and get experience. There are many web sites with free articles, different seminars, forums which can help you develop your own system.
Read, read and read. In this instance my bible is “Technical Analysis of the Financial markets by John J. Murphy”. Own system … it is GREAT ! But in reality your own system is a period of hard work within a year or more. I also work under it, but all interesting is always here – CURRENTLY, not in the future! That’s why I prefer make money when I create my own system. When I started at forex I had been trading demo account for 3 months. This period of my work is a period when we accumulate trading information - buying books, going to seminars and researching. I graduated I-Trade FX. But before doing that, I would like to be able to learn everything I can from free sources like this great forum – MoneyTec.
I have been browsing this forum for the 2-3 months) and just taking great knowledge and experience from forex traders! Most of my favorite forex links I see at the simple forex directory AllForForex. The next step is to be careful and to get money. I use forex trading signals and forecasts. In my opinion forex forecasts is a very good service for a newbie trader. You can receive forex signals with entry point, stop loss and take profit levels. Some good sites that sell forex signals are FXUniversal(their DashBoard FX is an ideal solution for those who do not have time or experience to analyze effectively the market within 24 hours a day or 6 days a week), FXMaster. I prefer FinRise’s forex trading signals free of charge . I see them by their long term results. Now, I follow their signals with half of my account balance and I trade the rest myself. I have found them to be an open and honest signal provider.
Want to know why ? That’s why – below is my statement for October/November 2005 (each position was opened by signals from FinRise): Statement available here http://forex-trading-your-online-future.blogspot.com/ As you can see, it is an honest service with loses , but real profit at the end is inevitable! FinRise helps me to control and to correct my own forex trading system. Using their signals – I see how to trade today, and if my system says me "sell" , but FinRise says "buy"– I just do not trade :), and correct my system if necessary –when the next day I see – who was right. I wish you to create your own profitable forex system, but your desire to make money right now must live ! Use my successful steps for your way to gain profit at the forex market! At the end please read and remember these simple famous rules which a forex trader must know!
1. Always trade with the trend.
2. Never risk more than 5-10% of your trading capital in a single trade.
3. Never trade without protective stops.
4. Never let a profit run into a loss.
5. When you in doubt, get out. Do not get in when in doubt. Newbie forex trader.
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You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com
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How to Choose the Right Commercial Mortgage Broker
Commercial mortgage forex brokerage is an elaborate process that involves the performing of an extensive series of tasks and building a solid broker – client relationship so that all the parties involved can benefit from the collaboration. With the help of an experienced and dedicated commercial mortgage broker, the borrower benefits from professional assistance in structuring the deal, while the lender benefits from better exposure and credibility and has the opportunity to integrate in a prominent, reputed group of lenders. Commercial mortgage brokers play major roles in closing the right deals, so whether you are looking for an appropriate commercial loan or you are interested in lending funds, it is crucial to collaborate with an experienced, reputed and reliable broker in order to be provided with professional assistance.
A highly competitive commercial mortgage broker should have in-depth experience in the field and advanced counseling, administrative, analytical and processing abilities, vital traits in commercial mortgage brokerage. As a borrower, you should look for a commercial mortgage broker who collaborates with a large number of reliable lenders; this way the chances of closing the perfect deal are substantially increased.
Also, it is advisable to employ the services of a mortgage brokerage company that is well-defined in the market, a company powered by numerous specialized teams of professionals, able to efficiently service the borrower’s needs. Considering the fact that the process of closing a commercial mortgage deal involves plenty of work, you should ensure that the commercial mortgage brokerage company of your choice is appropriately staffed to handle all the required paperwork and other important aspects. From the lender’s perspective, the right commercial mortgage broker should have a high position in the market and as many active collaborations with major lenders as possible.
To make sure that you will find a commercial mortgage broker who has the required expertise and the right professional skills, it is advisable to perform an elaborate analysis of the market, relying on various sources: media (you can rapidly find a reliable commercial mortgage brokerage company by browsing specialized websites on the Internet or by reviewing newspaper articles), private sources (you can obtain recommendations from professionals who constantly collaborate with commercial mortgage brokerage companies – real estate lawyers and accountants, for instance) and face-to-face meeting (a great way of finding more things about a certain company is to schedule a meeting with that company’s representatives in order to provide you with answers for your questions regarding credentials, professional achievements and specific policies.
When looking for the best commercial mortgage broker for your business’ needs, it is advisable not to make hasty decisions. You should take your time and carefully investigate the market in order to find the right broker. By performing an in-depth research and analyzing all possibilities, your chances of identifying the best commercial mortgage broker are substantially increased and this way you will be able to get the most out of your next commercial mortgage transaction.
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Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.
[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.
Forex Trading System - Best Mathematical Algorithms For Profit
The trend in Forex trading systems is towards using complex mathematical algorithms to predict Price turns in the market but which are the best? Lets take a look...
Lets first of all define what a mathematical theory is - it's a theory that works all the time. Now as yet, there is no algorithm that works all the time and the reason is quite simple - the markets don't move to certainties just probabilities but are any of these complex theories able to make a profit?
Most Forex trading systems that make money are simple not complex!
The more complex you make the rules the more likely it is to fail as there are too many elements to break.
You see a lot of vendors selling systems online which are supposed to beat the markets but they don't. These vendors simply do a back test on data knowing the closing prices and bend the system to fit the data. Going forward of course you can't do this and the system collapses and loses.
We see technology enrich our lives in many areas but in the Forex market technology and complicated theories don't and the reverse is true they help you lose. If you want an example of how technology doesn't help you then consider this:
30 years ago 95% of traders lost and the ratio remains the same today, despite the amount of technology traders throw at the market.
If you want to enjoy trading success, forget about technology and complication and keep it simple and robust; you then need what I will refer to as the missing link and that's the correct mindset.
Trading is not about just a method, it's about having the discipline to apply it.
If you don't have the discipline to execute your trading signals, you have no system.
You have to trade with discipline through periods of losses until you hit a home run and this is something most traders simply cannot do. They either think they won't face these periods or lack the confidence to have the discipline required.
The Good News
Is anyone can learn to trade, as trading is essentially simple and anyone can adopt the right mindset if, they have confidence in what there doing and they have the right Forex education.
If you want to win at Forex, forget mathematics and complex theories, use a simple one instead, apply it with discipline and you will be well rewarded for your efforts.
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[ForexGen] provide appropriate services satisfying the needs of all business partner's specified situation and requirements.
