best forex trading robots reviews

Forex swing trading is easy to learn and apply and is an ideal method for novice traders to make money with – let’s look at the advantages.

Essentially you have 3 time frames you can target trends in and they are:

Forex day trading, swing trading and long term trend following and forex swing trading is the easiest for novice traders – so lets compare these 3 methods and see why.

1. Day Trading

More novice traders try this method than any other – but it doesn’t work at all!

All short term volatility is random, you can’t get the odds on your side and you can’t win – PERIOD.

For those of you who are still are thinking about it – try and find a track record that has made real profits (not simulated or hypothetical) and you won’t find one.

It’s a loser’s game, so don’t try it.

2. Forex Trend Following

This will give you the best profit potential if you can lock into the long term trends and hold them.

This looks a lot easier than it really is and requires tremendous discipline and discipline is a hard skill to learn.

1. You need to be patient.

You need to wait for the right opportunities and it requires discipline, to sit for weeks or months on end waiting for them.

Most traders want to be in trading and trend following simply only suits patient traders and most are not.

2. You need discipline to accept big gains!

This may sound easy as we all, want to make big gains but sitting on a big open gain while volatility eats into your gains is anything but and most novices snatch profits early – trend following is simply hard – sure you can learn it, but if you’re a novice trader swing trading is a great place to start here’s why:

3. Swing Trading

You can swing trade with just a few indicators and support and resistance and the advantages are:

1. It’s very simple to learn and apply. You can learn a swing trading system in a few days.

2. There are trades at least a few times a week, so for the trader who likes action they will see it quickly.

3. Trades are right or wrong quickly and the discipline and patience needed is less in this than in trend following.

Its very easy to do – you are trading for periods of 2 days to a week or so and its easy to master the mindset to do it to and while the profits maybe smaller per trade than trend following, you can make huge profits over time if you have a logical robust system.

A Basic Swing Trading System

A swing trading system is easy to build and a good one would be based upon trading into support and resistance.

You then use momentum oscillators to confirm the trade and price direction is with your trading signal and finally, always have a target no trailing stops – hit the trades, hit target and bank them.

Stop losses in association with support and resistance are obvious and finally, incorporate breakouts in your swing trading strategy for greater profit potential.

Forex swing trading is easy to learn, easy to apply and can be profitable and fun – discover it and see for yourself.

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 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.

Trading forex online is one of the most accessible means of earning additional income.

If you are a novice trader perhaps the easiest forex trading strategy to use is a swing trading strategy as it overcomes two problems that most novice traders face but cant overcome.

By using a swing trading strategy not only can you overcome these problems, you can give yourself a great chance of currency trading success.

Let’s look at this forex trading strategy in more detail

1. Patience

Most novice traders lack patience and they think the more they trade the better.

Most go for forex day trading which is probably the best way to lose money you can get – day trading simply does and cannot work, due to the fact all short term volatility is random.

You can never get the odds in your favour and you can never win – PERIOD.

Other traders however lack patience when long term forex trend following – they simply cannot accept the profits it wants to give them!

We all want profits – but when you sit on a long term trade and see open equity dips of thousands of dollars the temptation to take it is huge and most novice traders bank profits far to soon.

If you are forex trend following you need to take a bit more risk and that means hanging on for longer term gains.

Most traders simply don’t have the patience and discipline to do this and it’s hard even for pro traders.

Swing trading when incorporated in a forex trading strategy overcomes the problem.

You are looking at making profits in periods of 3 days to a few weeks, so you are never holding a position for long periods, and there are plenty of opportunities to keep the trader interested and finally, stop loss protection can be tight keeping risk low.

Forex swing trading is easier than long term trend following as you don’t have to be so patient, it’s easy to maintain discipline, which is the key to big forex gains.

2. Swing Trading is simple

Swing trading tends to be quite simple to learn.

All you need to do is look at support and resistance and use some momentum indicators to time your trades.

One or two timing indicators are all you need to judge price momentum as it moves into test support and resistance and your all set to swing trade.

Being simple to understand is a big advantage, because from understanding comes confidence and from confidence, flows discipline – the key to successful trading is having the disipline to foloow your plan through periods of losses and is a trait all succesful traders have.

So if you want to trade currencies then try swing trading its simple, easy on the mind and can be very profitable.

Consider it as part of your forex trading strategy and let it help lead you to the currency trading success you desire.

Here we will outline a simple way to make money with a forex strategy anyone can learn and apply in a few days and it works. Let’s look at this forex trading strategy in more detail.

First things first

The key to currency trading success is a simple robust method combined with discipline.

If you don’t understand how and why your method works you will NOT be able to apply it – that’s why you have to learn it yourself.

Currency trading success comes from within.

Now how do you trade?

1. Methodology

The first point is you need a simple robust method – simple systems work far better than complicated ones as there are fewer elements to break.

The best system to use is a breakout system, based upon support and resistance and confirmed by momentum.

2. A Forex Trading System

How should your system work?

Firstly, forget all about the idea of buying low or selling high it doesn’t work in the real world of forex trading – the best way to trade is to buy breakouts to new highs or lows. Most big trends start from these breakouts and the odds are in your favour.

Trade breaks of valid resistance (the more test the better) and if possible in two different time frames spaced by weeks or months and the more periods the better.

When a break occurs you want to go with it. How do you decide?

You look at forex price momentum.

If you don’t know about momentum indicators are, now is the time to start.

Get one or two you like – we favour the RSI and stochastic and you can look them up in our other articles.

If price momentum supports the move you are not guessing or hoping the move will continue – you are trading the confirmation.

Stop is then below the breakout point.

That’s nice and simple then and it is – but breakout logic is timeless; most traders want to wait for pullback but on the big moves they don’t come and their left missing the move – don’t make the same mistake.

If momentum supports the break execute your trading signal on your forex chart and go with it.

Money Management & Discipline

You are only trading valid breaks of support or resistance and these normally lead to big trends so you keep your stop back – Do not trail too soon. When you do, make sure you keep your stop outside of normal daily volatility.

This system is based upon breakout methodology which works and is easy to understand.

You can also see why the bulk of traders don’t do it.

You have to buy highs or sell a low which requires discipline – but if you want to make money and you have confidence in your forex trading system, then you will do it.

The fact is if you want to succeed remember this equation:

Robust simple system + Applied with discipline = forex success

You need both to come together in your forex trading strategy, to enjoy currency trading success.

It may be simple but that doesn’t mean it doesn’t work – it does. Furthermore, it should only take 30 minutes a day or less to apply and execute.

Forex traders constantly want to predict (this means hoping or guessing ) and lose, they also want to buy low or sell high – but this is not possible and also if you do it, your not trading high odds trades. A simple breakout system, you understand and can apply with discipline works best.

Try basing your forex trading strategy around the above and you could win big at forex trading

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.

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 for Forex trading information on the best method to make big gains in Forex trading which is simple to understand and apply then this article is for you.

If you pull up any Forex chart you will see trends up or down and they last for a long time in some instances many months or even years. You will notice also that all trends start and continue from new breaks to new highs on lows on a chart. Logically, if you buy or sell these new highs and lows you can make money.

Breakout trading is a simple and proven way to make money yet, most Forex traders simply won’t trade breakouts and the reason is they want to pick highs or lows and when a breakout occurs, they feel they have missed the start of the move. They want to wait to get in at a better price, if the market retraces but they wait in vain, because on good breakouts the price doesn’t pull back – this happens:

As soon as the price breaks a key level, stops are clustered behind this level and are hit which moves the price more in favour of the breakout. Next; funds and technical traders, start to buy and push the price even further from the breakout point and finally, speculators start to jump on board .

The trader who waits, simply never gets the pullback he wanted to get on board. The savvy trader who went with the break, knew he had missed the start of the move but he didn’t care because the odds of a continuation in favour of the break.

Breakout trading works, all you need to do is look for levels which have been tested a few times and the more times the level has been tested, the more valid the break will be when it comes.

Breakout trading is a simple and timeless way to make money, you don’t have to predict anything, you just wait for the reality of a price break and trade it. If the breakout doesn’t go your way, your stop can be quite close i.e. just below the breakout point which gives you very low risk, as you have such a tight stop.

You will normally find, a few good breakouts each month to trade and if you learn to choose the right ones, you could soon be making triple digit gains.

It’s a simple, easy to understand piece of Forex trading information which anyone can use for big profits; so learn more about breakout trading and get on the road to currency trading success.