Learn Forex The Easy Way and Profit From the Currency Exchange

I hope everyone has enjoyed my writing so far regarding the various aspects of trading currency. I have decided to write an article centered on the psychology one must embrace as a trader to be successful. Let me be absolutely clear, trading (currency or stocks) is risky business and there are no guarantees. Wading through the systems that work and those that are faulty, coping with financial losses, and ultimately developing your own "hybrid" of trading which works for you is a difficult and demanding process. There will be times you doubt yourself and ultimately whether or not you continue on in the Forex currency exchange is your decision. Bearing these caveats in mind I will continue to delve into the psychology of what defines the basic differences between a good (profitable) and a bad (more loss than profit) trader.

Patience, you are going to hear this over and over again not only from myself but anyone else you ask about trading. Patience is the first thing we learn to hold dear as we trade but it is also the first thing we forget and usually at times that cost us the most. It is a lesson you may have to learn more than once but if you find yourself absolutely unable to practice patience while trading you should definitely consider re-examining everything you are doing because if you do not you may find yourself with nothing left to trade.

Practice, this is a tricky thing to address because we are all so different in how we learn but make no mistake, if you practice with a "live" account before making an effort to learn not only the market but charts, software, and trends you will find yourself in a world of hurt. I know, you made the decision to make money from home and now you feel the pressure but please heed my advice here...do whatever you can to relieve that pressure because this is not a get rich quick scheme nor is it a roulette wheel. Your ability to focus and begin to spot trends in real time via software suites such as MT4 should be approached from a "crawl to walk" mentality, be grateful you can even vaguely comprehend the chart because that in and of itself is an accomplishment. Never be too hard on yourself and never rush, you are at any given moment on the verge of a breakthrough which will change your life, but you need to have the discipline to know when you are ready.

I have written this article for those in doubt and those who need to know that they are not alone and that most of us who come into Forex do so because we are not like everyone else and want to pave our own way. Everyone learns differently, everyone succeeds differently, and ultimately our rewards are our own. Happy Trading!

Forex Trading Robots - Best Trading Forex Robot That Earns Profit

Are you trying to figure out if you should buy a Forex trading robot, or just learn the Forex market and not depend on automatic robots?

Believe it or not, it's possible to do both, and to be highly profitable with both. Rome was not built with a day - and that's the truth, however; you can have an automated assistant to help you build that Forex wealth empire, so you will not struggle with it too badly.

As said before, both are important, but you need to find the best Forex robot if you are trying to trade auto-pilot.

Characteristics of the Best Forex

What are the characteristics of the absolute best Forex traders? Believe it or not, there are big differences that spark up between various Forex systems - so why not start today?

Here are some characteristics?

The best Forex systems will always give you the ability to backtest. They will give you the ability to demo trades without actually risking money. The best systems actually have better "live tests" than simple backtests, which make them better.

They under promise, and they over deliver - that's the type of system that you want; so that you can experience expected results on a consistent basis.

Also, the best systems are also programmed with the absolute best Forex indicators that will help you profit on the marketplace.

Many people say it's complete B.S that Forex systems are able to predict the future with events from the past. To be honest - that can not be anymore false, because even the expert traders use complex charts, Forex indicators, and tons of other tools that spot trends in the past to give you more profit in the future.

So why not have a machine that can do it for you; all you have to do is entrust it with some money - it does not have to be too much money, and you can have it trade for you, using these "complex Forex indicators" in your favor.

Why not start today ,create auto-pilot income on a market in which trillions of dollars are traded every single day Monday through Friday (markets close on Saturday). Start today, whether sleep or awake, and you can make money - the lazy way!

Forex Trading Robots For Profit Scalping

Forex trading is simply the Foreign exchange of currency. Many people have worked hard and tried to make profits from the live exchange of foreign currencies on a daily basis. Some use a software program called a robot to take and add up the profits they have made that day, to the next day, and the next day, and so on. With an investment of as little as $50.00, one can make a start on the Forex market with a software program such as FAP Turbo. One does not even have to have any advanced knowledge of the markets, or how they work, but, you can learn as you go.

Many other Robot programs for Forex trading do exist, but, when doing your search for the right type, keep in mind what others think of them as testimonials, the results of backtesting, and live testing, and what the results were over that time. Forex trading allows you to trade 24 hours a day, 5 days per week, thats Monday through Friday. There is no cornering on the market, and you can trade as big or as small as you like. With forex trading it is not the same as the stock exchange, since you are actually trading only in currencies.

One of the great things that many have said about the FAP Turbo Robot for forex trading is that it can be installed in 5 minutes or less, start up the program have it set up with your Forex account information, go to sleep, and make money.

As many of the other Forex robots state, they do profits on backtests, and are 100% automatic hands free, but, there is where the FAP Turbo do that, and so much more, like high trading activity, of 10-20 trades a week, automatic risk scaling, high spread protection system, custom 1 click installation, the ability to trade multiple currencies, build in loss prevention, extremely low drawdown, and of course, profits with real monetary deposits to make real profits.

After you sign up with FAP, you will get a welcome package, and access to the Members only VIP area. From there you get your own license key for the robot. After the program is installed, and you have read the training materials, you are ready to go. If you are unsure of using real money, you can try out the robot on demo accounts first to see what it is all about.

Forex Trading Tips - How You Can Profit at Least 200 Pips Each Week Trading Forex

Profiting 200 pips from the forex market might seem rather out-of-reach for most ( including yourself perhaps ) if you have not been there done that. This logic is very simple to understand here - Considering a trader who can consistently nail an average of 200 pips from the forex market each week, this kind of profit target would not be overwhelming to him/her anymore. On the other hand, if you are the kind of trader who struggle to make 50 - 80 pips each week, this target of 200 pips might seem like an impossible target for you (at least for now). However, nothing is hard or impossible as long as you break down everything and try to understand the process in a simple manner - Likewise for this strategy on profiting 200 pips each week.

Let me share the details below:

In forex trading, being "consistent " is really the key to succeed continuously month after month and for a long time to come. Nothing beats this fact I am sure. So instead of thinking how to make 200 pips each week, you just have to break it down into 40 pips a day instead. Not only is 40 pips a very achievable target, but it is also a " realistic " target as well. Why do I say so?

Because for almost all the currency pairs available for trading, their average daily pips range would be between 100 - 150 pips at least. Hence, when you are aiming for just 40 pips out of this range, it is definitely very do-able once you understand some proven facts I am sharing here. For this example, let me use the EUR/USD for my explanation of this strategy. This is one of the most commonly traded pair and the liquidity is definitely good.

Here are some tips for you to secure the 40 pips target with confidence:

1) Always Trade On The Bigger Time-frames Such As 1 hourly or 4 hourly

By looking at the bigger time-frames, you are actually looking at the " bigger " price projection in the market. Therefore, not only are you looking at more reliable signals & patterns formation from the chart, but also not that tiring after all as compared to staring at the 1 minute or 5 minutes charts instead.

2) You Should Trade With A Good " Risk/Reward " Ratio Of At Least 1.5x

Forex trading is merely a game of probability after all. As long as you lose less than what you win each time and simply rinse and repeat over many trades, you are going to be in the "positive" profits zone every month. So by applying a risk/reward ratio of 1.5x, you would plan your take profit at 45 pips (applicable for a pair such as EUR/USD) each time and stop loss at 30 pips. When you stick strictly to this ratio, each time you would win 45 pips but when you lose, it is only 30 pips.

Lose less and win more - That's what I called it!

3) Learn Forex Trading Strategies For Both Sideway & Trending Market

In the forex market, it is either the market is going sideway (ranging) OR trending. And the beauty is that you can definitely nail those pips (profits) you need from both market condition once you have some strategies for each different market.

To truly put all odds on your side, it is no good to apply just one strategy to all market conditions as in this way, you would not be getting good results in the long run or maybe only "breakeven " perhaps. So what you should do is to include good strategies meant for both the sideway & trending market in your trading basket. And the best strategies you should use would be based on Price Action itself.

Why so?

This is because Price Action is not lagging and the " hints " you derive from the actual market Price Action is more reliable most of the time. On the other hand, when you rely too heavily on the so called " textbook technical indicators", you would suffer more confusions and uncertainty as they are generally plain lagging and not as reliable as compared to Price Action.

Having stick to these 3 proven tips, your effort to make 200 pips each week would not be such a challenge anymore. You would suffer some losses definitely, but if you trade just 2 times a day ( using TP 45 pips & SL 30 pips ) and your strategies are just 50% accurate - 200 Pips by the end of the week is very do-able indeed! So if you are keen on tuning both your mindset and trading skills to make 200 pips each week, do try out and get familiar with these 3 rules using a DEMO account first.

Once you can " consistently " get many repeated 200 pips each week, you can then proceed onto a Live trading account if you want. 200 pips each week would roughly equate to about 800 pips every month. Now do you know how much these kind of pips would help to grow your account size by only risking 2 -3 % each time? I would say, it is enough to make most traders around the world "filled with envy " once they know about your success with forex!