Forex Robots Really Work

Unlike stocks or futures, there's no centralized exchange for forex, so all transactions happen via phone or electronic network. That electronic network path is the reason for the current astounding day trader like mentality, and also the reason that perhaps you are reading this in the first place. Your computer allows you to tap into this market, and take advantage of fact that it does indeed trade 24 hours. With average daily turnover of US$3.2 trillion, forex is without a doubt the most traded market in the world. Starting Sunday 5:00 P.M. ET to Friday 5:00 P.M. ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York. So trading currencies is unlike other financial markets, because investors can respond immediately to currency fluctuations, whenever they occur - day or night. For a long time the foreign exchange market has been one of the financial world's best kept secrets. It was mostly the playground for large banks, corporations and hedge fund managers.

Because of automated software platforms currency traders cannot only compete with the pros, they can use these robots 24 hours a day. With the right platform Forex day trading can seem almost like a vacation for the trader who is use to dealing with other financial products in other markets. Not only are there less governing bodies to deal with, it means less binding rules and regulations to pay heed to when making your trades as well. For instance, in the Forex world, there is no such thing as "insider trading." If you know something either harmful or beneficial to the exchange rate of the Euro, then feel free to capitalize on that information at will. The equivalent information at the stock exchange, might very well lead to an investigation by the SEC. Always keep in mind that 95% of currency trades are speculative. What that means is that this is a very risky venture. Without correct and through training and the right kind of software to trade on, you can very easily lose your investment. The proper program will make it virtually impossible for major trading blunders to occur.

These programs can be set to scan the market looking for the origins of profitable trends. Once it has found what it deems as a reliable trading opportunity, it invests accordingly. The fact that because they are entirely automated and digital, these robots can react to changes faster than a human trader, and thus know exactly what to look for. It will follow the trade’s performance along in the market step by step minute by minute with the purpose being of keeping you on the money earning side of that trade for as long as possible. You are always shielded from losing your investment because, once the market fluctuates out of your favor as it will inevitably and eventually do, the program trades away the now bad investment. They not only offer live streaming technical data, but you can view real-time prices in 37 currency pairs and spot gold. Also you can execute market orders with just one mouse click and choose from eight available order types.

Remember we are trading currency, which is vulnerable to political and economic news, so all of the platforms have access to view up to the minute news headlines and market commentary. To be affective the platform should meet at least a minimum of three qualifications.

1. It must be able to offer live streaming technical data. (Otherwise the program is merely educational)

2 Visually it has to be large enough for all the data to be seen easily. (Many of the online brokerage’s technical data are too small to be useful)

3. It must be cost effective. (Most good systems can be purchased for between one and two hundred dollars)

I don’t profess to being an expert, but I do know of some. I obviously don’t have the time to go into all the details now, but at my site Market Mentalist you will find all you need to know about investing online. There is access to some of the top trading systems available including Forex software, books, newsletters, and Forums. Also you will find the most up to date articles on Online Trading, including additional information on Forex Robots Really Work . Whether you are an inquisitive novice or a seasoned pro Market Mentalist offers the online investment resource you just might be seeking.

A Beginners Forex System That Makes Money

Trading Currencies With Real Money
Perhaps you have seen a recent infomercial showing how easy it is to trade currencies, or you are a seasoned trader looking to branch out. It makes no difference about your experience, only your will to expand your scope of investments. For an awful long time the foreign exchange market had been one of the financial world’s best kept secrets. This is hard to believe considering it is the largest market in the world and accept for weekends trades 24 hours a day. Forex or FX as it is referred to was mostly the playground for large banks, corporations and hedge fund managers. If this is your first venture into Forex, you must understand that they play by a whole different set of rules. With average daily turnover of US$3.2 trillion, forex is without a doubt the most traded market in the world. Starting Sunday 5:00 P.M. ET to Friday 5:00 P.M. ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York. So trading currencies is unlike other financial markets, because investors can respond immediately to currency fluctuations, whenever they occur – day or night.

Before we continue, I must clear up any misunderstandings concerning the true definition of Forex. There are two definitions for the word Forex. It is, along with FX an anagram for foreign exchange markets which trade’s currencies. In a forex trade, you buy one currency while simultaneously selling another - that is, you're exchanging the sold currency for the one you're buying. The foreign exchange market is an over-the-counter market. The other Forex is a major conglomerate that is, in their own words, a global provider of online trading services, servicing customers in more than 140 countries. In the next few minutes I will attempt to educate you on both of these terms, and what they can mean to your future.
Not only are there less governing bodies to deal with, it means less binding rules and regulations to pay heed to when making your trades as well. For instance, in the Forex world, there is no such thing as "insider trading." If you know something either harmful or beneficial to the exchange rate of the Euro, then feel free to capitalize on that information at will. The equivalent information at the stock exchange, might very well lead to an investigation by the SEC. Always keep in mind that 95% of currency trades are speculative. What that means is that this is a very risky venture. Without correct and through training and the right kind of software to trade on, you can very easily lose your investment. The fact that FX is traded 24hours does not mean however, that you will never get any sleep. Until the massive access to affordable software, that might have been the scenario. In the current market, with the right platform Forex day trading can seem almost like a vacation for the trader who is use to dealing with other financial products in other markets. To be affective however, the platform should meet at least a minimum of three qualifications.

1. It must be able to offer live streaming technical data. (Otherwise the program is merely educational)

2 Visually it has to be large enough for all the data to be seen easily. (Many of the online brokerage’s technical data are too small to be useful)

3. It must be cost effective. (Most good systems can be purchased for between one and two hundred dollars)

The Forex platforms not only meet but exceed these qualifications. They not only offer live streaming technical data, but you can view real-time prices in 37 currency pairs and spot gold. Also you can execute market orders with just one mouse click and choose from eight available order types. Remember we are trading currency, which is vulnerable to political and economic news, so all of the platforms have access to view up to the minute news headlines and market commentary.

I don’t profess to being an expert, but I do know of some. I obviously don’t have the time to go into all the details now, but at my site Market Mentalist you will find all you need to know about investing online. There is access to some of the top trading systems available including Forex software, books, newsletters, and Forums. Also you will find the most up to date articles on Online Trading, including additional information on A Beginners Forex System That Makes Money. Whether you are an inquisitive novice or a seasoned pro Market Mentalist offers the online investment resource you just might be seeking.

Online Investing With Helpful Hints

You Pay to Play
With access to the Internet twenty-four hours a day, it can become very easy to get carried away by the whole online trading concept. Before you even log onto the first site, and before you even look at your first trade online, there are some things you must know and understand. Knowing these basics can make your online trading experience satisfying and hopefully, financially rewarding. Keep in mind that online trading is becoming more and more popular. With anything that is extremely popular comes extremist. Whatever style or strategy you engage in, remember that you are gambling with real money. You can’t continually treat your computer like a slot machine, and expect to always hit the jackpot. Without a solid and proven plan, things like going by instincts or by the seat of your pants, you will eventually fail in major way. You can however, take some of the more frightening aspects of gambling out of the equation. Instead of just rolling the dice, putting your chips all on lucky 7, or hopelessly watching the little pea spin around, you can learn what is the equivalent of counting cards. Let’s turn a tempting passion into a money making habit.

Any online trading system or plan, should have three very important elements of success. Knowledge...Training...Software... Without any one of these three basics, as tempting as it might be to trade online, you will ultimately lose your entire investment capital. Let us assume that you have some knowledge or you wouldn’t be researching the market. Any training you receive should be for technical analysis, or you are just wasting time and money. Technical analysis training must be centered around candlestick charting, which will become your equivalent of counting cards, which I just referenced. It matters not what market you trade in, stocks or options, currency, commodities and futures, the following advice will help you.

For those of you not yet familiar with candlestick charting, I will
try to give a brief but accurate explanation. The Chinese invented the market concept, and the Japanese perfected charting techniques with the use of the candlesticks. It is easy to understand this complex system, if we simply break it down to the ticks on the chart you follow every day. We know that the lower tick is where the stock opened and the higher is where it closed. Now if we made the two lines parallel and connected them, what would we have? A candle. However, during that movement, the stock might have gone lower or higher then where it opened or closed, so our candle has formed a tail and a wick. Is it starting to make a little sense to you? Can you see the advantage of knowing this information, for getting in and out, and setting a stop loss?

Candlesticks Will Ensure Your Online Profits

Take these examples:

1. Let’s assume a stock opens twenty cents higher than it closed yesterday. It later closes ten cents higher than that. Should we get in? Not necessarily. Because as the candlestick showed us, even though it had a thirty-cent swing from the day before, a long wick was created. This meant that it went even higher then it eventually settled on. That tells us that the pressure to go higher wasn’t strong enough. We will put it on our watch list, and keep a keen eye on it.

2.A few days passes with similar results. Suddenly there is a break in the resistance. The stock has formed a candlestick with a long tail. What does this convey? We might put a buy signal for a couple of cents higher than it has previously gone, because the long tail tells us that the bulls are ready to take over.

3. Ideally you want to wait for clusters to form. Of course the greatest indicator is a long candle. One that opens and closes with hardly any wick or tail.

This synopsis could have very easily taken place over a few hours rather than days, if you were day trading, for example. There are many “characters” in candlestick charting, and those who master reading them become successful.

Software Assures a Successful Platform

Choosing the Right Program Is like Hitting the Jackpot
As far as software platforms, the following suggestions I strongly feel are necessary for any software to be useful.

1. It must be able to offer live streaming technical data. (Otherwise the program is merely educational)
2. The platform should defiantly include candlestick charting.
3. Visually it has to be large enough for all the data to be seen easily. (Many of the online brokerage’s technical data is too small to be useful)
4. It must be cost effective. (Most good systems can be purchased for between one and two hundred dollars)

If you can acquire software that gives you even the slightest edge in your favor, it is well worth the Investment. I don’t profess to being an expert, but I do know of some. I obviously don’t have the time to go into all the details now, but at my site Market Mentalist you will find all you need to know about investing online. There is access to some of the top trading systems available including software, books, newsletters, and Forums. Also you will find the most up to date articles on Online Trading, including additional information on Online Investing With Helpful Hints. Whether you are an inquisitive novice or a seasoned pro, Market Mentalist offers the online investment resource, you just might be seeking.

Stock Technical Analysis...Candlestick Charting

Technical analysis is not an exact science, and therefor the subject of much criticism. These so-called experts claim that, due to market efficiency, someone that uses technical analysis is doing little more than guessing. Technical analysis is a visual way to predict future of the stock/futures market based on the history of its trend. This trend can happen in a sudden rush or over a period of time. If you are a longtime investor knowing the fundamentals of the asset is important. For a trader, knowing the direction of the trend is essential. These so-called experts claim that, due to market efficiency, someone that uses technical analysis is doing little more than guessing. Market efficiency means that all the available information is already calculated in the stock prices, and that you can only guess how the price will behave in the future.

These experts might be right if it wasn’t for the fact that there are a significant number of traders who are able to consistently make profits in the stock/futures market. Technical analysis is one of the main tools they use. If technical analysis is a tool, than candlestick charting is the power that makes it run. There are many successful traders who utilize the technicals without candlesticks, however knowing just some of the candlestick patterns will make you more profits. Take for example the open and closing tick on a typical chart. What has happened between those two actions? A candle will light the way.


If we just start with the investing 101 concept that everyone knows. Buy low and sell high! So simple, yet why do so many fail to do it? Well one reason is most uninformed investors, get in much too late. Even a technical investor who does not use Candlestick Charting is playing a guessing game of sorts.
The Chinese invented the market concept, and the Japanese perfected charting techniques with the use of the candlesticks.
It is easy to understand this complex system, if we simply break it down to the ticks on the chart you follow every day. We know that the lower tick is where the stock opened and the higher is where it closed. Now if we made the two lines parallel and connected them, what would we have? A candle. However, during that movement, the stock might have gone lower or higher then where it opened or closed, So our candle has formed a tail and a wick. Is it starting to make a little sense to you?

Take these examples:
1. Lets assume a stock opens two cents higher than it closed yesterday.
It later closes three cents higher than that. Should we get in? Not necessarily. Because as the candlestick showed us, even though it had a five cent swing from the day before, a long wick was created. This meant that it went even higher then it eventually settled on. That tells us that the pressure to go higher wasn’t strong enough. We will put it on our watch list, and keep a keen eye on it.
2.A few days passes with similar results. Suddenly there is a break in the resistance. The stock has formed a candlestick with a long tail. What does this convey? We might put a buy signal for a couple of cents higher, because the long tail tells us that the bulls are ready to take over.
3. Ideally you want to wait for clusters to form. Of course the greatest indicator is a long candle. One that opens and closes with hardly any wick or tail.
4.Remember that volume will also help to determine the right stock.

I don’t profess to being an expert, but I do know of some. I obviously don’t have the time to go into all the details now, but at my site Market Mentalist you will find all you need to know about investing online. There is access to some of the top trading systems available including Candlestick software, books, newsletters, and Forums. Also you will find the most up to date articles on Online Trading, including additional information on Stock Technical Analysis...Candlestick Charting . Whether you are an inquisitive novice or a seasoned pro Market Mentalist offers the online investment resource you just might be seeking