best forex trading robots reviews

If you want a simple strategy that can make money, you can understand and have confidence in then the one enclosed can lead you to triple digit profits in around 30 minutes a day…

The strategy is based on trading breakouts and if you want to win at forex understand this fact:

Most major trends start and continue from new market highs or lows and this is the way to trade forex. Traders who always wait for the pullback and who want to try and get in at a better price MISS The moves.

Most traders simply cannot psychologically buy breakouts but if you can then you can make huge gains. Of course prices don’t follow through on every breakout and you have to be choosy.

So what is a good Breakout?

Generally the minimum amount of tests of the level is two – but the more tests the better and the more time periods and the wider they are spaced apart the better.

You are looking for levels the market considers important because, when they break they are the breaks that continue, as stops are hit and fresh positions kick in accelerating the move. If everyone thinks a level should hold and it breaks, it’s probably a good one!

Do I just buy the breakout Then?

No you don’t.

You must confirm the breakout and that price momentum is accelerating through the level. For this you need some momentum indicators. We have discussed these fully in our other articles – but two great ones, you can learn in about 30 minutes are – the stochastic and the RSI.

What About Stops?

Simple – the stop is directly under the level that has broken.

How do I take Profits?

This is really the key – you must NOT Put your stop to close. If the level has broken, give the market room to breathe and trail your stop up, outside of normal market volatility.

A good breakout can give you thousands in profit and you need to be patient and keep your stop back and accept short term price swings against you. These big breaks can last for many weeks or even months and you want to milk the trend for all its worth.

What Amount of Profit can I earn?

I know numerous traders who make 100% or more annually trading selective breakouts and you can too. The key is to be patient and only trade the big breaks.

You don’t need to trade often to make a lot of money, just high odds trades.

How Long Does it Take Daily?

You can spend around 30 minutes a day, trading this way with your forex trading strategy and then go and do something else. You only need to check the prices once or twice a day and that’s it.

Simple but Effective!

As long as markets trend breakout trading will work.

You have the comfort of knowing most traders can’t do it but don’t let that worry you, as the bulk of traders lose.

Breakout trading is a simple, easy, time efficient way to win at forex trading and if you base your forex trading strategy on it, you can enjoy currency trading success.

There has been a trend I recent years for more and more traders thinking they can buy success from a vendor, or a forex robot – but this method ends in tears and the market teaches them a lesson. If you want to win, you need your own forex strategy that contains the enclosed…

First let’s quash the myth you can buy success, most of the systems sold by vendors, come with simulated, back tested track records and that’s no help going forward!

Now to encourage you that you can win, here is a simple fact which most traders never really think about.

95% of traders lost 50 years ago and 95% lose today. It’s the same ratio despite all the advances in forecasting software and powerful PC’s we have seen in the intervening period.

What is so significant about the above fact?

Simple forex trading systems work best and to win, you don’t need to do anything complicated.

Your forex trading strategy should contain the following:

The Logic

The logic should be based on long term trend following and trading breakouts – to new highs and lows on charts. This is where most major moves start from, so if know how to trade breakouts you can get in on these trends.

The Indicators

Most traders think the more indicators they combine the better – but this is doomed to failure.

Use too many and your system will have too many elements to break and will not be robust.

In my opinion you should start with trend lines and an understanding of support and resistance.

You then need to use a few momentum indicators to time your trades.

Always, make sure when you buy or sell, your trading signal is supported by momentum. One or two, is all you need and the stochastic and the RSI, are a great place to start

Money Management

You need to pay careful attention to this and don’t make the mistake most traders make which is to use all the leverage their given! You can get 200:1 but you don’t need to use more than 10 – 20 in my view.

Furthermore, if you are trend following allow the market room to breathe and don’t get your stop to close. If you do you will be bumped out of the trade and then see your trend sail on over the horizon making thousands of dollars and you’re not in!

There is a balance, you have to have your stop far enough back so that random volatility doesn’t take you out and close enough to protect yourself.

To win long term you must run the big trends and you must balance this risk to reward.

Discipline

The real advantage of building your own forex trading strategy is – you will understand it, have confidence in it and this will enable you to trade with discipline, through losing periods until you hit a home run.

If you can’t trade your system with discipline, you don’t have a system!

Most traders lack discipline and cannot execute their trading system through losing periods and throw the towel in to soon.

The above is a simple framework for getting a forex trading strategy together, you can seek big gains with. The route to currency trading success is:

A simple forex trading system, which you can trade with discipline and it really is no more complicated than that. .

Here we are going to look at one of the best forex trading strategies which you can use to make big profits. This forex strategy is simple to understand, works, will continue to work and finally and best of all, it can make you triple digit gains in less than 30 minutes a day…

Many traders want to buy a forex trading system and end up buying useless automated for forex trading systems which are simply back tested simulations – in simple terms that means made up, knowing the closing prices. Well that’s not hard trading not knowing of course is and is the challenge of forex trading.

Now, many traders think building a system is hard but its not anyone can do it and it also doesn’t have to be complicated as simple trading systems work best and always have.

The salient points of a simple robust system are enclosed.

The forex trading methodology which is easy to understand is breakout methodology.

Trading Breakouts

Fact: Most new trends start from new market highs or lows and if you go with them, you can get in on all the major trends and pile up big gains.

Not all breakouts are the same though and you must make sure the resistance or support has been tested several times, it’s been tested in several different time frames and the market considers the level important. If it breaks that means the break will continue.

Most Traders Cant trade Breakouts!

Most traders can’t trade breakouts, because they want to get in at a better price and wait for the pullback but a look at any forex chart shows – when a big break occurs the price does NOT pullback.

The trader who waits continues to wait as the trade sails over the horizon piling up thousands or tens of thousands of dollars and their not in!

Going with these breaks is the way to make money and history shows it works.

Confirmation

Trading breakouts is not predicting, it’s simply reacting to price change and when a breakout occurs, you need to confirm the break and check if price momentum is accelerating – if it is you can enter with the odds on your side.

For this you need some momentum indicators to confirm the move.

We have discussed these more fully in our other articles but here, we just want to stress that velocity of price MUST be accelerating, to have the odds on your side when you execute your trading signal.

Two great indicators are the RSI and the stochastic so look them up or see our other articles.

Money Management and the key to Triple Digit Gains…

Placing your stop is easy – behind the breakout point, the hard part is trailing the stop.

If it’s a valid breakout, then you may have a trend that can last for weeks, months or years and you need to trail your stop far enough back, so you don’t get stopped out of the trade to soon.

The simple fact is you need to give the market room to breathe, or you will never make the big profits – accept short term drawdown in open equity and keep your eye on the bigger prize.

A good way to do this is to wait until the trade is underway and trail with the stop behind the 40 day Moving average.

Simple and Effective

The above strategy is not designed for action, it relies on patience and only picking high odds valid breakouts and you will probably get a few each month.

The system is timeless and any chart will show you breakout trading works and with a simple strategy such as the above, you could soon be making triple digit gains.

It’s also easy to understand which means you will have confidence in it and be able to follow it with discipline. In forex trading, discipline and a simple robust method equals currency trading success.

Here we will look at some simple tips which can make any Forex treading strategy more profitable and reduce risk at the same time. Here are your Forex tips for bigger profits…

The first tip is an obvious one but very few traders incorporate it in their trading plan.

1. Reduce Trading Frequency

Most traders think the more effort they make and the more they trade the bigger their profit potential but the reverse is true.

The big high odds trades only come around once or twice a month and you should be patient and wait for them. I know traders who trade about once a month and make triple digit gains; these traders are not interested in trading the market noise, they simply wait for high odds trades.

Related to the above point is – you should never day trade or scalp, as you cannot get the odds on your side, as all short term volatility is random.

Look at a Forex chart and you will see the big profits come from the big trends that last for weeks and months so focus on them.

2. Trade Breakouts

If you don’t know anything about breakout trading its time to learn about breakout methodology, and make it part of your essential Forex trading education – Why?

Because all big trends start and continue from new chart highs or lows and going with these breaks, will get you in on all the big trends and profits.

Many traders make the mistake of trying to predict highs and lows but that’s doomed to failure, as prediction is simply hoping or guessing. Trade the reality of price change with breakouts and you will have the odds on your side and that means bigger profits with less risk.

3. Place Stops Correctly

Most traders simply place stops in areas where they will get taken out by short term volatility which takes them out of profitable trends to soon.

Most traders don’t have a problem with initial stop placement, but want to trail it to close once the trend is underway. By trying to restrict risk, they create a scenario where they will never make a big profit. Never trail stops to close and always trail them outside of random volatility. You will have open equity dips in the short term, but keep your mind focused on a large banked profit.

Summing up

The above tips are simple to learn and apply and can lead you to bigger Forex profits and long term currency trading success.

Here we will look at a simple powerful methodology, many of the world’s top traders base their strategies on yet, very few new Forex traders ever consider it – but don’t let that worry you, most new traders lose money! Let’s take a look at this timeless method for big Forex profits.

If you look at any currency pair one fact is obvious, prices trend long term for weeks, months or in some cases years. Now take a closer look at a chart and see how all these big trends begin and you will notice, that any bullish currency, starts its trend by breaking resistance to new market highs and continues breaking up to new highs as the trend unfolds.

If you want to make money at Forex trading then trading the long term trends, via breaks of key resistance levels is a great strategy to make money with; it will always work as long as markets trend and that will always happen.

So it’s a proven way to make money so why don’t novice traders do it?

The reason most traders won’t buy good breakouts is, they believe the myth of you can predict Forex prices in advance so they base their strategy on trying to buy low and sell high but prediction is just hoping and guessing and they lose.

Breakout trading puts the odds in your favor but the losing trader when he sees a breakout can’t buy a break he thinks “better wait till it pulls back, so I can get in at a lower price” but look at a chart and you will see, the best breakouts carry on without a pullback and this trader misses a great opportunity.

When you trade breakouts, you don’t have to predict, hope or guess, you simply trade the breakout as it occurs and ok, you miss the exact bottom of the market but that shouldn’t bother you, when you have thousands in profit ahead of you and low risk as well, it’s simply a great way to trade.

When trading breakouts, look for lots of tests before the break and its the more the better and if they are widely spaced apart in terms of time that’s even better. Be selective in your trades, trade the break and hold for the long term profit. Your stop will be close just below the level which has broken, so you have low risk too. As soon as you see some profit, put your stop to break even and then sit back and enjoy the ride.

Many of the top traders in the world trade breakouts and if you want to make a great second income, you should try it too and if you do it correctly, you could be making a triple digit income, in around 30 minutes a day.

There is a wealth of free forex education online which you can use to build and execute a forex trading strategy of your own for triple digit gains and here I will show you how to do it…

You can of course buy forex education and if you get the right forex trading course it can be worth the money you send many times over but its always worth learning the currency basics for yourself anyway, so lets look at the best sources to learn currency trading online and win.

First let’s look at some sources that won’t help you win.

Forex forums are one such source. You get people giving there wisdom in them but I don’t know any successful forex traders who have time to hang around a forum. You normally get traders who are losers – but try and make themselves feel better, or vendors wanting to sell you worthless products.

Next on the list is forex news. There is a ton of it online and it’s all very convincing as experts give you their view – but their just stories, and won’t help you win. If you could win by following news stories, 95% of traders wouldn’t be losing their accounts.

Now lets look at how to do it properly.

If you are a newcomer then you should try forex trend following and the big trends can last for weeks, months or even years.

Now the best way to catch and lock into these trends is by using forex charts and following price action – but how do you do this? Simple look up the following searches and learn about the following.

1. Support and Resistance

If you want to trade with forex charts you need an understanding of support and resistance so look it up.

2. Breakout methodology

If you want a simple, timeless way to make money, study breakouts. It’s a fact that most major trends start from new market highs – NOT market lows. If you continually look for breaks of important resistance levels and go with them, you can make huge profits.

3. Momentum Indicators

When you get a break resistance then you need to go with it but ONLY if price momentum supports the break and this will put the odds on your side.

There are a lot of momentum indicators out there but we love the stochastic and Relative Strength Index, look them up or see our other articles.

A forex trading system based around the above will be logical, robust and will work. Don’t be deceived by its simplicity, all the best forex trading strategies for success are simple.

Now the hard part!

Getting a system is only half the equation for success.

You now need to acquire the all important trait of discipline. You must have the discipline to execute your trading signals through periods of losses and keep on track, until you hit a home run.

Think it’s easy?

You probably haven’t traded then – it’s hard. You have to keep going when the market makes you look a fool and that’s hard. Your advantage is if you study the key areas we outlined earlier is that you will have confidence in what you are doing and confidence leads to discipline.

Now for an inspiring story on what you can achieve.

Look up the story of Richard Dennis and the turtles.

This famous story concerns trading legend Richard Dennis, teaching a group of people with no trading experience how to trade in 14 days and then setting them off with accounts and watching them make $100 million in 4 years!

Read their story, we have written about it frequently and it’s interesting and combines a simple forex trend following system which they had confidence in and executed with discipline and they found the discipline the hardest part and you will to.

So build your system, read the story of the turtles and search out anything you can on money management and discipline and learn it.

If you take advantage of the searches above, when you look for your free forex education, you will have the salient points you need, to enjoy currency trading success.

Can you be a successful trader?

Of course – but you must have the right education, confidence and discipline and if you do, the road to financial freedom is open to you, all you have to do is invest some time and if you do, your efforts will be well rewarded.

The Forex trading strategy we are going to look at here is not complicated and anyone can do it, but if it is executed correctly it can make you triple digit gains or more with very little effort or monitoring.

So here is your simple forex trading strategy for big gains.

Fundamentals

The first place to start is with the fundamental supply and demand situation.

This sets the tone for the longer term trends that last for months or years and these are the trends you want to be in on.

Currencies move in line with these fundamentals longer term and you are really looking for strong GDP growth. If you look at the currencies that did best against the Dollar this year its countries with strong GDP and Australia led the pack against the dollar.

Two Countries that have economies that doing well compared to the US at present are Australia and Canada and these are set for far higher prices into year end.

Getting In on The Action

Currencies trend for years we all know that but its getting in on the trends that is the hard part and your aim is to get in and then simply hold the trend.

Any currency that is bullish will become overbought at some point and break and when these breaks come you buy them

Use Sentiment tools

Always use these two sentiment tools – Net Traders Positions and % Bullish to check that sentiment is not in over bought territory when you enter the trade. Start with your weekly charts and loo k for support and time your entry with your daily charts.

Risk – Reward

Don’t over do the leverage!

You can get 200:1 but on a trade about 10:1 is fine for a buy and hold strategy.

What you are going to do then set a stop and leave the currency alone.

Hopefully it will trend for months and make great gains if you have been careful in your selection.

That’s your Forex trading strategy! It’s extremely simple but it will make money if executed correctly.

The real key is not to overdo leverage have a wide enough stop, so you are not taken out by normal volatility and let the trade run.

There are some excellent trading opportunities around that will enable you to do the above so take a look at them and try it.

If you are looking at forex trading strategies and want to win with a simple one which works and will always work and takes less than 30 minutes a day then, one enclosed is for you. The strategy we are going to look at here is a long term breakout strategy.

The reason it works and will continue to make profits, is outlined below, as well as tips on what you need to incorporate in your Forex trading system to win.

Focus on the Big Trends

Firstly, look at any Forex chart and you will see big trends, that last for months or even years. If you can lock into these trends you can make huge amounts of money with leverage on your side. Forget about trading short term and focus on the long term, the odds are better and there is more money to be made.

Catching the Moves

If you look at any Forex chart, you will see that most big trends start from breakouts to new chart highs or lows and you should trade these breakouts.

Most traders can’t because they want to wait for the market to come back to get in at a more advantageous price but they wait in vain, as the trend continues.

If they would have bought the break, the odds of it continuing are high and they would have made money but they missed the move. This is why it makes so much money because most traders simply cannot do it. If you learnt to go with these breaks you can make a lot of money.

You only want to trade breakouts, where support and resistance is considered important by traders, so lots of tests and the level should have held at least twice before.

Indicators to Use

When trading breakouts, all you need are bar charts and some indicators which will tell you if momentum is accelerating into the break. If it is, chances are the break will continue. We have discussed various indicators in other articles – but two great ones are the stochastic and RSI, you can learn all about them in an hour or so and if you use them to confirm your moves, you will get the odds in your favour and win more trades.

Money Management

This is easy when trading breakouts – put your stop under the breakout point and wait for the move to gather momentum and then trail it – but don’t trail to close! Most traders move their stops to close and get taken out of the trade by short term volatility.

When trading big breakouts, you need to trail your stop slowly and outside of the pullbacks. Remember, to catch the big long term moves and stay with them you must accept short term swings against you.

That’s it

You can put together a simple, forex trading strategy, based on breakouts, in a week or less and trade it in about 30 minutes day.

Of all the Forex trading strategies you can use, as a novice forex trader this is one of the best as its so simple, so effective and so time efficient.

It works and will continue to work, as long as markets trend long term which doesn’t look like changing – So trade the big breakouts and make big Forex profits!