Monthly Archives: August 2016

The Next Step in Forex Trading

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Forex trading was something most people had not even heard about until recently. All that the people outside the domain knew about trading currencies was that some institutions like central banks, hedge funds, brokers and big banks play this game and no one else should feel himself/herself welcomed. But as in other domains, once the internet became mainstream and people started to make use of its advantages the general conception changed entirely.

Forex trading strategies ?

Now, this investment is not only available to any person around the globe, but retail traders are a growing part of the market. Once more retail Forex brokers entered the market and more services and products were developed especially for small speculators, people have started realizing that this could actually be a good source of income.

Recently, retail traders started to get some more support in Forex trading through social networking, although at a first look these two seem to have nothing to do one with the other. As Internet opened the door for Forex trading to small investors and broke the physical barrier, social networking is now doing the same to fight all misconceptions about currency trading, proving to be also a rich source of both news and tutorials.

Social networking platforms allow users who exchange currency to interact with the Forex community. Novice traders get on a platform where they can improve their knowledge about the foreign exchange market and where they can participate in discussions initiated by experts in currency trading on their forums. On the other hand, experienced traders use the forum to develop a deeper insight into the currency trading through community interaction.

Linking your account to such a product offers a wide range of features and applications for you not only to interact with other user, but also analyse your trading activity in real time, as well as other traders’ activity.

These strategies keep an eye out for the most popular current social media tools like Facebook, LinkedIn and Twitter. They use these websites to help you connect to even more people and actually promote your activity. Like this, more people get to know you and once you start being appreciated for your activity you can use your experience to attract novice traders around you. They can start following your activity through services like autotrading, through which your trades are executed into their accounts and you receive a commission based on these trades.

The phenomenon is continuously expanding and these platforms keep adding new features to help you interact easier. Once you learn how to manage social networking, you will become a better trader with a big advantage in front of your competitors. One advantage that probably will soon become the rule in trading. And don’t forget, whenever someone wins in Forex trading, somewhere there is also a loser!

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Free Automated Forex Trading Systems

Tired of spending money on expert advisors and forex trading robots that don’t work? What if you could trade dozens of profitable automated forex trading systems without spending hundreds of dollars? And what if I told you that you could do it for free?

These automated online trading services allow you to evaluate and trade hundreds of trading systems and signals for forex, stocks and commodities. Unlike those expensive EAs and robots that promise extravagant returns but lack real trading results, these trading systems are backed by live trades and real-time forward testing.

The signal providers are compensated through commissions paid by your broker, so in many cases there are no additional fees. If you have a profitable trading system, you can submit your own trading signals and collect commissions and fees from other users’ trading.

You can trade as many systems at a time as your account balance will allow. You can reverse trade unprofitable systems and turn them into profitable ones. With the click of a mouse, you can backtest an entire portfolio of systems. You have full control over lot sizing, number of trades and stop losses.

All of these services are fully automated and require no software. You can start trading with a mini account from several of the largest forex brokers, including FXCM, FXDD and Forex.com.

ZuluTrade

ZuluTrade is the largest automated forex trading service, with over 1500 signal providers and thousands of live accounts. Although many of those signal providers are inactive or unprofitable, the most profitable ones return an impressive amount of pips, and there are hundreds of profitable systems to trade!

Browsing and analyzing systems is simple. An equity curve graph is conveniently provided, and basic stats including profit, max drawdown, win percentage and number of users are available at a glance. Full trading histories are available, and trades placed on live accounts are indicated as such.

ZuluTrade provides some useful tools for controlling risk, such as the Margin Call-o-meter, which warns you when your account is over-leveraged. Risky signal providers are marked as such. Lot sizes can be limited by system, by currency, or for the entire account.

There are absolutely no fees with ZuluTrade. Supported brokers include FXDD, FXCM, Forex.com and i-TradeFX. A free 30 day demo is available.

Collective2

Collective2 bills itself as “the trading system authority,” and aims to become the online destination for automated trading systems. This community-oriented, Web 2.0 site boasts slick, innovative features found nowhere else.

Collective2 features the most in-depth statistics of any service we’ve reviewed. Basic and advanced stats, customizable graphs, a dynamic portfolio builder, and live trade histories are available. You can read reviews of trading systems from real traders and track their performance.

More than just forex, Collective2 has trading systems for stocks, futures and options as well. Many systems require a recurring fee to use, but most forex systems allow free autotrading through a participating broker. Currently the only brokers available for free trading are FXCM and Forex.com.

While there are some very good forex systems available for free, as of this writing there are less than 50 profitable forex systems. But Collective2 has raised the bar for automated trading services, and is definitely a site you should check out. Registration is free.

FX-Auto

This broker-supported online automated trading service is marketed as FXDD Auto and FXCM Forex System Selector. Both require a separate account with the broker. The interface acts as your trading terminal, and you can easily place manual trades as well as control automated ones.

The trading systems on FX-Auto are hand-picked for profitability, so there are fewer poor-quality trading systems than on other services. Trading systems are sortable by currency, which is helpful in diversifying your portfolio.

The system statistics are basic, but sufficient. FX-Auto does not offer historical trade data for its trading systems though, and the equity curve can only be viewed after a system has been added to your portfolio. Unlike the other services reviewed, FX-Auto does not allow you to place trades from an external trading terminal.

Using Automated Forex Trading Software

Automated forex trading software is a platform that you can use to make a fortune in the extremely volatile (and thus extremely lucrative) forex market. The forex market is the foreign currency exchange market, and its incredible potential for creating fortunes for everyday investors rests in today’s electronic trading environment. This can be very dangerous to trade in, but if you know what you are doing then you will be opening yourself up to tremendous income potential that can make you financially independent with just a couple of hours of work per day, or less, all done from the comfort of your own home.

Automated forex trading software is used to minimize risks while maximizing your income potential in the forex market. You simply set up the platform on your computer and you are given all the information you could possibly need or think to ask for to enable you to make trade after trade in an informed way. Some automated forex trading software allows you to set up your own Expert Advisors, which are actually virtual robots. They are A.I. (Artificial Intelligence) “beings” that you program with your preferred forex trading parameters based upon your experience, research, and risk tolerance. They will then take what you have programmed them to do and do it for you. What this means for you is that you take out the dangerous risk of emotion from your forex trading strategy; and, you do not miss your opportunities due to the incredible volatility of this market, nor do you lose them to slippage. Your Expert Advisors trade instantly for you at the speed of light whenever a pre-programmed opportunity is spotted.

Since everything is done via the computer (and perhaps a little bit of the telephone), it’s only logical that setting up an automated trading platform is the most sensible way to go for the average person. Even institutionalized forex investors and account money managers use automated trading platforms and Expert Advisors.

What should you look for in your forex trading software? Well, for starters, look for those that offer to let you use the software free of charge for a week to 30 days. You want to get a software package that you find to be user friendly, easy to understand, not hard on your eyes, and generally that you feel comfortable with. Not every forex trading program is for everybody. Most of the good ones do offer you a free trial as well as live trading simulations. So take your time and choose wisely.

Discover how easy it is for you to make reports, place stops and buy signals, and do real time monitoring with a given software trading program. The easier all of these things are for you, the better your chances of making a fortune and the lesser your chances of catastrophic loss are.

If you are somebody who is always on the go, you should certainly check out “VPS” (Virtual Private Server) Hosting for the forex Metatrader4 autotrading platform. This circumvents your computer locking up or you losing your Internet connection for some reason.

Automated forex trading software is your way to go for trading in the forex markets. And forex trading is your way to get to a personal fortune regardless of the economy.

Forex Trading

Forex trading is nowadays a home business opportunities. Anyone with an internet connexion can make money online trading the forex market. Well that is not completely true. You need an internet connexion, some dollars (few hundreds to start), and some trader skills.

So if you do not want to learn the forex basics and how to manage the risks, you should not even think of trading currencies yourself. Of course you can practice. Almost all of the Forex brokers online will allow you to open a demo account, or practice account. You will get something like $10,000 or more and see how you are doing.

Demo accounts is the first account you should register if you are new to forex trading. It’s risk-free. You are trading the real-time forex but the money is not real. You may practice for three or six months, maybe a year before trading a “live” account. Of course you can buy a book, teaching you some techniques. You should also look for forex tutorials on the internet. You will find really good informations, just use Google.

If you have enough money you can also open a forex managed account. This kind of account is managed by a professional trader. Lots of brokers now offer this feature. You don’t need any particular skill since you do not trade yourself. The broker will take a percentage of your net profit. I have personnally noted that a 20% is generally taken by the broker.

You may think that this percentage is high, but you are not taking any risk. You are not spending hours in front of the charts waiting for the biggest opportunity of the day.

Automated forex trading accounts. I was interested at a moment. I never really tried this kind of accounts. Well actually, this option can be offered in two ways. You download a software that analyses the market, then trades when it detects good opportunities. Again, you don’t have anything to do, except setting it up with your own parameters. If you decide to try this, set the software to trade your practice account first.

The second way in automated forex trading accounts does not involve you to download a software. All you have to do is to transfer your funds to the broker. The broker then uses his own autotrading software. We can suppose that their software will trade using trading signals, signals sent by another software…

Forex signals are very valuable. If you decide to trade the forex, signals can really help you. Subscription for trading signals can be from $100 to $600 depending of the subscription duration, and the broker or signals provider. Signals tell you the exact entry and exit points. You know which pair to trade, when to trade, and the estimated profit.

Signals are a great resource for every trader. Maybe you can see if you make a good profit from them.

Forex trading is a real money making opportunity. But it’s not a game. Risk management and emotions control are the main skills of a trader. If you decide to try forex trading, you must read and practice a lot. Do not invest what you can not afford to lose. If you or your family need money, do not risk it.

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