best forex trading robots reviews

There is no single best Forex trading strategy but if you are looking for one which can make you a lot of money, is simple to understand and takes just 30 minutes a day, then this one is for you.

Forex traders try and make trading complicated when its essentially simple – simple systems work best, because they are more robust and furthermore, contrary to popular belief, you don’t need to predict to win at Forex trading. In fact, if you do try and predict you will lose money, as predicting is simply hoping or guessing and that won’t help you win.

So before we look at our simple system, lets look at the logic it’s based on.

Forex markets trend up and down for long periods of time and if you look at how these trends start and continue, you will notice prices in a bullish trend, prices break to new chart highs the trend then continues breaking to new highs, as the trend continues its upward journey.

So if we buy breakouts to new chart highs, were not predicting or guessing, were simply trading the reality of price change as it occurs and putting the odds on our side – simple?

Yes but most traders won’t do this because there obsessed, with predicting the exact bottom and when a breakout occurs they wait in vain for a pullback which never comes on the best breakouts.

If you get in on a breakout and appreciate, you may have missed the exact turn but compensate yourself with the knowledge, that the odds are on your side and if its a good break, there is a lot more profit to come you can make huge gains.

When looking for breakouts to trade, look for levels that are considered important by traders and this will normally involve a level which has been tested six times or more. When it breaks, the odds of a new trend starting or continuing are high. In breakout trading, the more tests you have and the wider they are spaced apart in terms of time, the more profitable the breakout tends to be.

This is a simple, timeless way of making money, if you concentrate on the best breakouts and are patient, you can make huge profits in around 30 minutes a day and earn yourself an great second income.

Of you are looking for Forex trading strategies for success, then the one enclosed is one that most traders ignore, despite the fact it works and many of the world’s top traders use it – let’s look at it in detail and see how it can lead you to Forex trading success.

The strategy is based upon simple facts about Forex price movement which are…

Currency markets trend and move in a sustained direction for long periods and these big trends can make you a lot of money, if you trade them with leverage on your side. So how do you get in on these trends? The answer is simple and a close look at any currency pair, will show you how a bullish currency trend starts and continues…

They break new chart highs so, if you focus on getting into the big trends, via breakouts and holding them, you can make a lot of money. While this sounds a simple, the losing majority of traders, simply cannot trade these breaks.

In their mind, they feel they have missed the start of the move and want to wait for a dip back to the breakout point this logic is wrong!

If you look at the best breakouts they don’t come back, they carry and the trader who waits for the dip back misses a great trading opportunity.

Of course, not every break to new chart highs continues, so you have to look to trade levels which have been tested a few times before the breakout occurs, by a few, I mean at least six or more.

These levels will be considered important by the market and when they break, the supply and demand situation will have changed and the odds of a continuation of the break are good.

You will get a few good breakouts each month and there enough to make you a lot of money if you get into them and hold them.

Breakout trading works and many of the top traders use this method and while it appears you have missed the start of the trend ( which of course you have) you can’t predict that anyway, so simply, focus on how much profit will be ahead of you as the trend develops!

Breakout trading, is ignored by most traders but its a proven way to make huge profits, so try it and you will have one of the best Forex trading strategies for success and be in the company of some of the world’s best traders who use this method to enjoy Forex success.

If you want a simple Forex trading strategy which makes big gains in around 30 minutes a day and is very easy to learn, then the one enclosed is for you. Many of the world’s top traders use this strategy and you can use it to and build serious wealth.

The strategy is based upon the fact that currencies trend long term and is focused on getting in on these trends – when the odds are at there best. If you look at any currency trend, you will see that new trends start from breakouts to new market highs and continue there trend from them.

This strategy focuses on buying breakouts and holding them for weeks or more and it will always, work because currencies in a free market will always trend. Most traders don’t trade breakouts but always remember – most traders lose! So why do most traders ignore this method of trading?

The reason these traders don’t buy breakouts is because they believe the myth that to make money you need to buy low and sell high and they try and predict turns in the market.

Breakout trading simply trades the reality of price change and most traders cannot do this. As soon as they see a breakout occur, they want to wait for prices to come back down, so they can get in at a, cheaper price but by waiting they miss the move. The odds are high when a good breakout occurs, of the trend continuing and that’s why its such a great way to trade.

When trading breakouts, you need levels which the market considers are important and that means a lot of tests before the break, always keep in mind it’s the more tests the better in terms of increasing the odds, when the breakout of resistance does occur.

This strategy is simple and it will always work and if you use it, you can trade just a few times a month, get into and hold the best long term trends and make yourself a triple digit income in 30 minutes a day or less.

The Forex trading strategy enclosed is popular with many of the top traders in the world and it’s very easy to understand and do yet, almost new traders in Forex use it but that shouldn’t worry you to much 95% of them lose money! Let’s look at how this simple logical strategy can make you some great Forex Profits.

Lets first look at how all Forex trends start and if you look at a chart of any currency pair a bull trend will start by breaking up to a new chart high, as the trend matures and develops the bullish currency will keeping breaking highs and this can go on for weeks, months or even years. If you want to get in on these trends when the risk reward is at it’s best, you need to buy these breaks of resistance.

Before we look at how to spot a good breakout, lets look at why novice traders fail to use this method.

The problem most novice traders have is their mindset, they want to buy the exact turn in the currency and this means, their constantly buying into support and hoping it holds. A lot of traders call this prediction but as you can’t predict Forex price movement, it’s just hoping or guessing, these traders keep getting stopped out and their equity gets burned.

It’s not that these traders don’t see a breakout as bullish many do but their attitude is – the price has gone to far, I will wait for it to come back but on the best breakouts it never does and they miss the trend and a good profit.

If you want to win at Forex trading you need to look at breakouts and when they occur – just get on board, keep in mind the odds of success are at there highest when a breakout happens and always keep in mind, that a trend in motion is more likely to continue than reverse.

Good breakouts are levels which have had a few tests before the break,in pure technical terms the minimum number is 2 – but you need more to get the odds firmly on your side. The more times the level is tested, the better the breakout will be when it comes. I look for at least 4 tests and like to see the tests, have occurred in time periods of at least a few weeks apart. Another trick to confirm the breakout, is to use levels which line up on the longer term weekly chart as well as the daily.

When the break comes, protection is under the level which has just given way – if your wrong your out with a small loss, giving you good risk to reward.

There is nothing complicated about breakout trading, it’s easy to learn and furthermore, as markets will always trend, this method will always work. If you want to win with a timeless Forex trading strategy, trading breakouts can make you a great second income in around 30 minutes a day.

If you are look for the best free Forex trading strategies, then you should consider the one enclosed. Not only is it free it’s been making traders big long term gains for thirty years and even better, its very easy to understand and have confidence in. Lets take a look at it in more detail.

There is a big myth in currency trading that systems need to be complicated to win but this is not so, make a strategy to complicated and it will simply have to many elements to break. Simple strategies applied with discipline make money and the one we are about to look at makes big gains. Its very easy to learn, as it only has one rule:

Buy a new 4 week high in a currency and then wait for a new 4 week low to be made then, you simply need to reverse the position to a short. After doing this, simply keep an open position in the market and reverse as each new 4 week high or low is made.

The system was thought up, by trading legend Richard Donchian and has been used by many of the world’s top traders. It can be used in it’s original form as above or with some exit filters, to smooth the equity curve but whichever way you do use it, it makes long term profits.

The logic its based on is simple and timeless and its this:

Currency markets exhibit long term trends and all the big trends, start from breakouts, this trading system will therefore, get in on every single major currency trend, if you apply this systems trading signal with rigid discipline.

You need to trade it with discipline, through periods of drawdown and most traders can’t do this. For some strange reason, traders believe that you can make big gains with no real short term losses but this is a myth.

The myth of trading with no drawdown is promoted by vendors of Forex robots, who can only achieve this, by producing track records in hindsight over historical data. Anyone can have no drawdown, if they know all the prices in advance but that’s not the real world and when these systems get traded for real they lose. These systems cost money and never make the gains they claim, while the free Forex trading strategy enclosed, has made big real gains for over a quarter of a century.

If you want a Forex trading strategy, that has a proven track record of real gains, this one has it and its also easy to understand and apply. If you look at it further and you will see, how it can help you enjoy currency trading success.

If you are looking for a simple Forex trading strategy which works you will like the one enclosed which is the choice of the professional trader yet, very few new traders use it but don’t let that concern you to much most traders lose money. Let’s look at this powerful Forex trading strategy and show you how and why it works.

The aim of any Forex trading system is to get the odds on your side and trade high odds set ups and our strategy does just that, as it will get you in on all the biggest trends and profits. If you look at any Forex graph, you will see long term trends but do you know, how they all start and continue?

All the biggest bullish market trends, start by breaking out to new chart highs and as the trend evolves, the currency continue to break through to new market highs. Look at any currency pair you like and you will see this is true – so the way to trade with the odds on your side and get in on the best trends, is to trade high odds breakouts.

So why do most traders simply not do this?

The problem most traders have is they don’t understand that Forex markets cannot be predicted but they try and predict in advance where a currency may go and this leads to disaster. They want to get in at the low, so they try and buy into support. The problem with this method is – they are hoping the support level will hold and that is not a great way to make money in Forex! As the old traders saying goes:

“A bottom picker becomes a cotton picker” and these traders all end up wiping themselves out.

The smart trader doesn’t predict, he waits for confirmation via a breakout above resistance; he simply takes the trading signal on the break, as a new high is made and he is then in a trade with the odds on his side; if the breakout is a good one there will be triple digit profits ahead and that’s what all traders want to achieve! So what is the definition of a good breakout?

A good breakout is one, where resistance has been tested and held a few times in the past and held. You should look for a lot of tests and in time frames, that are at least a few weeks or longer apart. The more times the resistance level has been tested and the wider the tests are spaced apart in terms of time, the higher the odds are and of a trend developing in the direction of the break.

Once the level gives way, stops are triggered and fresh buying comes in which sees the currency move, with accelerated momentum away from the breakout point.

This strategy is simple, you can use just look at levels of resistance and add a few momentum indicators, if you wish to help time your trades better and you then have a simple Forex trading strategy which can make you huge gains. All the best strategies are simple and robust and breakout trading, is a very powerful method, anyone can use to seek long term Forex trading success.

Many traders in their forex trading strategy simply pick levels and buy or sell into them and hope they hold. This simply sees them lose, as they are hoping levels will hold and NOT acting on confirmation of price momentum to put the odds in their favor.

Here we are going to look at the ultimate momentum indicator that will help you time your trading signals with laser accuracy.

The momentum indicator we are referring to is the stochastic and it simply should be considered by anyone serious about making money in forex trading.

The logic

Of the stochastic is based on the assumption, that when a market is rising, it will tend to close near the highs of the session – and when a market falls, it tends to close near the lows.

Lets look at the calculation – although you don’t need to understand just as you don’t need to understand an internal combustion engine to drive a car – you can look at it visually which we will return to in a minute first:

The Calculation

The stochastic oscillator is plotted as two lines called %K, a fast line and %D, a slow line.

• %K line is more sensitive than %D

• %D line is a moving average of %K

• %D line gives the trading signals

It’s actually similar to the way a moving average is plotted.

Therefore consider %K as a fast moving average, and %D as a slow moving average.

The lines are plotted on a scale of 1 to 100 scale.

“Trigger” lines are normally drawn on stochastics charts at the 80% and 20% level – this indicates when markets are overbought, or oversold and a trading signal maybe generated.

Using Stochastics

The best way to get a feel for stochastics and how they can help your forex trading strategy is to look at them – you can see them free on many services and a good one is futuresource.com

The 80% value is normally used as an overbought signal, while the 20% is used as an oversold signal.

The signals are even more reliable if a forex trader waits until the %K, and %D lines turn upward, below 5% before buying – and in conversely, above 95% before selling.

The most reliable way to trade stochastics is to use the above as a warning sign and wait for the stochastic lines to cross with bullish or bearish divergence.

For example, buy when the %K line rises above the %D line, and sell when the %K line falls below the %D line.

Beware of short-term crossovers these can generate a false signal and cause losses.

The best crossover is generated when the %K line intersects, “after” the peak of the %D line.

Don’t worry if it sounds confusing it becomes much easier when you look at the set up on a chart service such as the one we referred to earlier and you will soon be getting the hang of them.

Why they are so valuable

Because they allow you to shift the odds in your favor instead of relying on hope when you trade into support or resistance you will shift the odds in your favor by knowing the strength of price momentum.

Stochastics are the ultimate timing tool for traders and allow you to enter your trading signals with the odds on your side. In any forex trading strategy you need to trade the odds and the stochastic is a powerful weapon that you can use for currency trading success.

Discover the stochastic indicator and you may be glad you did.

Here we are going to look at a forex trading strategy that works, will continue to work and which you can learn in a couple of weeks and implement in about 30 minutes a day…

The forex trading strategy we are going to look at is a long term trend following system based on breakouts.

Most traders make the mistake of thinking they can buy low and sell high and predict market turning points in advance but this is rubbish.

Predicting is hoping and guessing and there is no way of doing it, so don’t try.

The best way to trade is not to hope or guess but to act on the reality of price change. This is why anyone should make breakouts part of their forex education.

A fact of Forex Trading

It’s a fact most trends start and continue from new market highs and lows and the big trends last for weeks, months or years and if your forex trading strategy is based on breakouts, you can catch huge chunks of these major trends and make big profits.

Look at any forex chart and you will see how much profit can be made from breakouts.

Valid Breakouts

Breakouts are the way to trade but you have to be selective.

Generally the more times a level has been tested, before it breaks the more the odds are on your side also, the more time frames and the wider they are spaced apart, the better the breakout is likely to be.

You are looking levels which the market considers important. If the majority think prices shouldn’t break out and the more uncomfortable the trade feels, the bigger the trend is likely to be remember, the bulk of traders lose!

Why the Majority don’t do it!

Most traders can’t buy breakouts, as they want to get in at a better price and wait but they wait in vain. The big breaks move quickly and they watch the trade sail over the horizon and never get in.

This is why breakout trading is so effective.

The big breaks don’t come around often, so you need to wait for them and to give you an example of how profitable they are, I know traders who trade just a few times a year but make triple digit annual gains.

Don’t be fooled by the thought of the more you trade the more you can make – this is simply not true.

Getting the Odds on Your Side

To get the odds even more on your side, when the breakout starts, price momentum should be on the rise and here you need to learn about momentum oscillators.

We have discussed these in our articles but a good two to look at are – the RSI and stochastic. These are visual indicators and you learn all about them and how to use them, in around an hour.

If they support your view, go with the break and put your stop under the breakout point.

Milking the Trend

Most traders never catch big trends because they want to move their stops too quickly to lock in profits. You must avoid this temptation.

Keep your stop well back until the trend is in motion. Trail your stop up slowly and outside of normal volatility, so you don’t get bumped out of the trend to soon.

Keep in mind valid breakouts, can last for many weeks or months and the aim of your forex trading strategy is to get a good chuck of the trend and the profit which means giving the market room to breathe.

Simple and Effective

You can put together a breakout system in around a week.

Make sure you keep it simple as simple forex trading strategies work best, as they are robust. As you are trading long term price trends you only need to watch the market once or twice a day and this should take you around 30 minutes at the most.

Breakout trading systems work and will always work, as long as there are trends.

Most traders try to work hard and predict – when they could just trade the reality and win. Sure a breakout forex trading strategy is simple but it’s very effective, very profitable and to make money, is the aim of any serious trader.

Take a look at trading long term breakouts in more detail and you maybe glad you did.

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.

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!