How To Make Money Online With Automated Forex Trading Software

By Phil Jarvie

To a person new to the idea of forex trading, it may all seem far to confusing to even consider it. But if you ever wanted to work from home with an independent income then it is worth you taking a closer look at forex trading. The old days of forex only being available to large banks and brokers with professional and highly specialized full time traders are gone. yes they still exist, but also available in the last few years is software that makes home traders just as able to make a great income. Some of the software is used manually. Importantly however, there are many automated forex trading robots that will trade on your account while you do absolutely nothing.

Does it take much money to get started? No, $500 plus software costs is enough. Of course the more money you have the better and $10,000 would be a great start. But $500 is fine too - depending on the software robot. When you say add 5% compound profits to your $500 start you will have $1,000 in just 15 trading days. Do that again and you have $2,000 within 30 trading days. And so on and so forth. The trick or key to success is to select the right software, and to help you with that choice it is important to find the right product-review website to research which is best for you.

Of all the forex software robots, there is one that has been around the longest and has clearly far more users than any other - it is called Fap Turbo. Well, there is the original called just Fap (still available and a bit cheaper) and now there is its big brother called Fap Turbo. Both of these robots use Fap Winner for after sales service, advice and support. So think of Fap Winner as the user group on how to get the best out of their expert advisor , and to buy Fap or Fap Turbo without Fap Winner would be a silly thing to do even for experienced traders.

Forex Maestro: The Forex Maestro is actually the work of one of these "secret think tanks" - and many have said the author of the program never gave his consent for it to be sold. It was made available and circulated within the private members of the club, but no one had permission to sell it, or rename it or to do anything with it other than private use and testing. Be that as it may, it has been successfully sold in the market place for quite some time now, and it is worth considering as part of your toolkit.

A lesser known forex robot is called the Forex Funnel. All forex vendors have tacky sales pages, and this one is no different. But after you get past to high pressure sales tactics and sales hype, this robot a serious tool. It is designed to operate on larger trading accounts, and it is not for beginners. You should have at least $5,000 in your trading account, and because it is aggressive when it gets going, I recommend it only for experienced players. If you are new to forex trading, then come back to have another look at this robot in 6 months time.

The trick to making the right decision for you is to find a very good review website that will openly and honestly talk about and compare all the main forex robot products available. You must get past the hype and high pressure sales tactics of the vendors and find someone with years of experience who has bothered to explain them all to you. Good reviews are not reviews that try to sell you on an expert advisor. Good reviews are ones that only talk about the facts, honestly pointing out the pros and cons of each, and advise you as to what level of trading experience you should have to use it.

I know many people do want to just jump in and buy a robot and make money. It is important that you slow down a little and be realistic about it. As a new player to forex trading, it would be the fast way to lose money if you jump in too fast. Learn a little first to save yourself much pain later. You will reach your goal much faster. Find the review site that you can relate to, that you can trust. This is the most important first step to take. then plan which robots you will buy, and I do recommend that you buy 3 of them. And research which forex training course you will buy - I can recommend two of them as excellent value. - 23222

About the Author:

Phil Jarvie has been Forex trading professionally and testing automated forex robots and automatic expert advisors for many years. His forex robots review website is known to be one of the best there is for honest opinion on how good they are.

Is Forex Currency Trading Different to Currency Market Trading?

By Phil Jarvie

Currency Market Trading and Forex Currency Trading for all intents and purposes are the same thing. People don't trade US dollars for US dollars, except to make change at a bank for a retail shop. So the terms are referring to international currency being exchanged for a different country's money. Fact is, you can also call it 4x trading, 4x currency trading, fx currency trading, fx exchange - they all are referring to the same thing.

Many people do get confused about the names. This comes from the fact that many people know so little about forex currency trading, and so the general confusions they have about currency market trading extends to all the different names for it. People know about the Internet, and with that came the stock market's day traders dealing in shares, options and warrants. And all brokers had to deal with the Internet allowing them to be bypassed as software enabled people to place buy and sell orders direct.

With the Internet and very smart and fast software programs, currency market trading was finally liberated from the monopolies held by large banks, brokerage firms and International trading corporations. The Internet brought forex currency trading potential to the masses. But in fact most investors focused only on stock market trading shares, options and warrants.

What is interesting is that in fact the forex currency trading market is massively bigger than the stock market. The Forex Currency Market has a higher cash turnover each week than the entire USA economy does in one year - and that is before the USA collapsed into recession.

And it is not just the size of the total currency market trading that takes place that is impressive; it is more that it is so huge that it is beyond the ability of any Government to control it fully. There is no central regulation of currency market trading. Sure the USA Government can make laws for brokers and traders in the USA, but when bad laws are passed people simply trade from an International broker - often just an overseas branch of their existing USA broker.

Forex currency trading is so huge that big business and the criminal element cannot manipulate it as they often and easily do with the stock market. There are no corporate raiders or takeovers in forex, no corporate lawyers leading stock market proxy fights. Currency market trading is simply the constant process of matching one currencies value against another currency in real time.

Let's assume a Middle Eastern Prince enters the market with 5 Billion Euros which he backs the Euro against the dollar. Yes, such a heavy-weight move may push up the value of the Euro by about 1 cent or a bit more over about 3 hours. But his timing had better be on the back of some bad news coming out of the USA, because the currency market trading volumes are so large that the 5 billion Euros could just as easily become 4 billion in that same 3 hours. Forex currency trading is so large that 5 billion Euro is nothing really considering the 2,500 billion euros traded each and every day, 5 days a week.

Given that big business and Governments are powerless to control or corrupt the forex currency trading market, what chance does the little guy or gal have? Every chance and the same chance as the large player does, simple as that. The only difference you will find is the points spread that bigger and smaller forex traders pay. I pay 0.9 pips anyway, so I am not concerned about that at all. My main concern is that currency market trading is a level playing field that cannot be rigged - and it cannot. So, that leaves the very smart 4x trading software like metatrader and forex robots we all have available, and the best of proven forex strategies we all have the ability to learn. We all have the power to work to a successful money management plan.

By all means visit my free website where I go into a lot of detail about currency market trading, the many forex robots and expert advisors available, and also what forex strategy can do for your forex currency trading. - 23222

About the Author:

Phil Jarvie writes extensively on 4x trading related matters and is an experienced forex trader. Feel free to visit his free website for details on forex robots, expert advisers, 4x trading, 4x trading software and forex currency trading, fx currency trading and currency market trading articles.

Should you invest your money online?

By Allison Henderson

You have some money to invest. But you don't want to spend a lot of time meeting with or selecting a stockbroker. Should you invest your money online? Is an online brokerage house the right choice for you?

The Internet is now home to several online stockbrokers. It's easy to set up an account with online brokerage houses such as Etrade, Scotttrade and Zecco. And once you have an account, you can immediately begin selecting stocks that interest you.

The reason for this is simple: When you invest money online, you never really know with whom you're working. The person behind that other computer screen can be anyone. If that bothers you, it might be time to return to traditional investing.

Of course, if you invest wisely, you can also see that money grow, sometimes dramatically. In this regard, there is little difference between online investing and offline.

But investing your money online does come with its own risks. When you invest money through an online brokerage, you aren't meeting in person with a stockbroker. You aren't even talking to a broker over the phone. You have no idea who is behind that online home page.

If you're uncomfortable with online investing, though, there are steps you can take to ease your misgivings. First, research any online brokerage with which you're considering working. Read financial magazines or Web sites. Many of them rank the more popular brokerage houses. They'll tell you whether the online broker you're considering has a reputation for fair and ethical business practices.

Finally, before investing any money online, investigate the commissions that different online brokerages charge. These may vary widely. The lowest commission doesn't always equal the best online broker, of course. But you don't want to work with an online brokerage house that charges commissions that are far higher than everyone else charges.

Make sure, too, to only invest your money online with a Web-based brokerage that you've heard of. You don't want to take a chance on investing with a company that may be inexperienced or teetering on going out of business. Instead, go with the established online brokerages, places such as Etrade and Scottrade.

That doesn't mean, though, that you should invest money online without first doing the proper research. Do your homework to make sure you are investing with an online brokerage you can trust. And don't invest in any company's stocks until you first research both the company and the industry in which it does business. - 23222

About the Author:

Spare Dollars is a save money blog which contains advice on saving money, making money and how to invest money. For more advice on these topics, including how to invest money online, visit us today at SpareDollars.com.

Practicing In The Forex Trading Market

By Jo Nash

So you want to learn about the Forex market, and trading internationally but you are risking your personal wealth if you jump in before knowing all about how trading takes place. Online, you will find many games and simulations while learning the methods involved in forex market trading. The forex markets include countries from around the world, where all countries involved are using different currencies, and when faced against each other are worth more or less than the original valued currencies that are being traded. The forex markets are used to build wealth in, for governments, banks, and brokers, and for many countries.

To get started in learning about forex trading, you will need to locate the forex trading software, education-learning system you want to use. As you find the games, as they are called, you will enter information about yourself, about what you are interested in learning and then you will download software to your computer. In following the 'game', you will learn how to make and lose money in the forex market. This type of game is going to make you more aware of what happens daily, how the markets open and close, and how different the various countries currencies really are.

You will open an online 'account' using the gaming system. You will then be able to read the news, find and compare markets, and you will be able to make 'fake' trades so you can watch your money build or be eaten away in losses. As you learn the system, using it a few times a week, you are going to be more prepared, more educated and you will be ready to use the forex trades to make money. Of course, you may still need the aid of broker or a company to make your transactions happen but you will better understand the process, what will happen, and what calls you may want to make when you read about the news, the markets, and the currencies in other countries.

The forex market is also referred to as the FX market. If you are interested in joining the millions who are making money in the forex markets, you want to ensure you are dealing with a reputable banker or company involved in forex trading. With the spur of interest in the forex markets, there are many types of companies that are popping out on the Internet appearing to be genuine forex trading companies but in reality, they are not. Forex trading can be completed through a broker, a company that deals in the funds, and from within your own country. For example, the US has many regulations and laws regarding forex trading and what companies are permitted to work with the public dealing with international trading and markets. - 23222

About the Author:

Learn How to make your forex trading easier and more profitable with Forex Automatic Trading Software, or by learning allthe strategies and tricks of forex trading from Forex Trading Courses

Decreased Volatility Breakout Strategy (Part II)

By Ahmad Hassam

Third Stage-Aging Trend: Aging trend is the period of consolidation as the trend comes to maturity. This is the period where lot of profit taking will take place. As the momentum of the trend exhausts itself, volatility tends to decrease at this stage of the trend.

Both the bulls and the bears are hesitant to make daring moves at this stage of the trend. Experienced traders now know that the trend has aged and it is the best time to get out of the trend. They try to get out of their trades at this stage of the trend by closing their positions. This satisfies the appetites of inexperienced traders as they consolidate their positions by taking on the positions abandoned by the experienced traders.

Currency prices have moved by a large amount in the previous period of high volatility. This is the period of consolidation and the prices tend to stay calm during this period. The trend takes a short break and the volatility is low during this stage of the trend.

Fourth Stage-End of Trend: This is the time when the prevailing trend ends. After some new information is revealed about a currency that changes the opinion of the crowd, the trend reverses itself. This is the last stage of the trend. As the market players tend to absorb the information, this results in the rapid adjustment of prices within a short time.

Many stops will get triggered during this stage of the trend. Especially if they have been caught on the wrong side of the market, traders become desperate to get out of their positions. Most know that the trend has come to an end. The best way to preserve their profits is to get out of the trend as early as possible. Experienced traders had already gotten out of the trend during the aging stage of the trend. Most of the traders who are trying to get out now are inexperienced traders.

The trend now reverses itself. There is a sharp follow through of the prices in the reversed direction during this stage of the trend. Now you understand and know that within a trend, currency prices can experience decreased volatility followed by increased volatility which is again followed by decreased and increased volatility as the crowd psychology keeps on changing.

Traders with open positions during this low period of volatility are the most vulnerable to unanticipated news. Decreased volatility can be found during trending or ranging phases.

During this time gains can be made from the unsuspecting players and this is known as the Decreased Volatility Breakout Strategy. Deceased volatility provides an excellent opportunity to traders to prepare and profit from an imminent change from low to high volatility.

How do you measure that the change in volatility? There are several technical indicators that can help you visualize the volatility in the currency prices. The success of this strategy lies in measuring the volatility of the forex market correctly. There are various ways to do that.

One such is the triangle patterns. Though they maybe difficult to identify for new traders but with experience you can learn how to identify the triangle patterns on price charts. You can use triangle patterns as one of the best indicators of decreasing price volatility in the currency price charts. Combine the triangle patterns with technical indicators to confirm or deny decreasing price volatility. Two of the most useful indicators that can help you measure the volatility of the currency prices are: 1) Moving Averages and 2) Bollinger Bands.

Through identifying the triangle formations, you can take advantage of the decreasing price volatility in the forex market. All triangles show decreasing price volatility in the forex market. When a particular type of triangle has been identified by the trader, a high probability trade may be in sight. - 23222

About the Author:

Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading stocks and currencies. Get Netpicks Forex Signals Free. Learn Forex Trading!