best forex trading robots reviews

The Forex trading strategy enclosed, is one that is proven to make money and many of the world’s top traders use it yet, very few new traders consider it but that’s of no real worry the bulk of novice traders lose money. Let’s look at this simple Forex trading strategy for success.

One of the most obvious things you will see, when studying Forex charts is that, Forex prices trend for many weeks or months, in a sustained direction. If you can lock into these trends and hold them, you can make huge gains but you need to know how they begin and continue to do this. A close look at any currency pair will reveal how they start and continue which is the basis of this strategy:

All big trends start and continue by breaking to new market highs – so if you buy these breakouts, you have high odds of success and can make a lot of money – Simple? Yes it is, so why do most novice traders ignore this way of trading?

The problem they have is mindset, when they see the break occur, they think prices are going higher but think “I better wait for a pullback so I can get in at a “better price” this of course is a huge mistake!

When the best breakouts occur, they don’t pullback and the novice trader watches as the price carries on making thousands of dollars and he’s simply not in it. These traders want to buy the low but this is impossible and they simply cannot buy a trend in motion but this is the way to make money in Forex trading, as the odds of a continuation in favor of the break are so high.

Forex breakout trading, is easy, all you need to watch for are levels of resistance which have been tested a few times ( the more times the better) and when the level eventually gives way you get on board.

Your stop is obvious and tight, just below the breakout level, giving you low risk and then you wait for the trend to unfold and hold it. To do breakout trading you just need to watch support and resistance and use a couple of momentum indicators, to time your move and you have a simple Forex trading strategy, for triple digit profits.

So learn the strategy the millionaire traders use – trade breakouts and get on the road to a great second income in 30 minutes a day, its easy to learn and is a strategy which will always work.

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.

Do you know that majority of fresh traders who get into the arena of forex trading failed within their first few months of trading? Why is that so? It is simply because they are not well set up for what the market is giving them. SIGNAL. It is very fundamental for anyone who are serious about trading the currency market to have decent currency trading training by getting themselve into good forex courses. If you have been reading up on forex books or reports, you must have found this familiar forex advice: You need a trading plan. Your trading plan will control whether you are going to make it in this business or not, therefore you definitely need the assistance of good forex courses to assist you in making your own plan.

There are a great variety of forex courses ready in the market, so it is very critical for you to select one that really suits your learning. Besides looking at the content of the course, you should also consider the duration, venue and price when you are picking out forex courses to attend. If you do not have much time to spare or you have low budget for your course, I propose that you should attend those forex courses that are done online. These courses are normally more inexpensive and permit you to learn as and when you are free. The only bad side of this courses is that there is no one to monitor you and you got to be discipline when you are listening and viewing those video courses. In order to help you better understand the courses, online courses usually offer free telephone consultation to help you clear your questions. Personally, I am more into online courses as I find them very efficient and more low-cost.

There are also those online forex courses that you can have for free. These online forex courses can give you the elementary of trading in the currency market but none of the additions of paid courses such as trading platforms, software, and eBooks. If you are a good researcher, you can try out and get these information from other sources anyway. You simply need to take the time and exert more effort in trying to set up together these forex info. The good thing about this is that you can select the data and instruments you need and those you do not need. You do not have to pay for an entire package with items that you do not really need.

The essential to choice of forex courses rests in the course outline and after course support. You must make sure that the course provide after course consulation or other support so that you can clear your questions after you have finished the courses. Besides that, you must go through the the course outline to find out whether the course will teach you when to enter and exit a trade. It is a must to choose a course that can teach you how to setup a forex trading plan.

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.

Here we are going to look at a forex trading strategy anyone can learn in a few times and can apply for big profits. It’s simple and logical and you can learn it in a few days and then be making profits with it – Lets take a look at it.

The first point I am going to make before I cover this forex trading strategy is simple and simple forex trading strategies are better than complicated ones, as they are more robust with fewer elements to break.

This is a simple forex trading system that trades valid breakouts.

What is a breakout?

Quite simply it’s a level of support or resistance that is broken and the price makes a new low or high. If you look at any chart you will see that most of the big trends start from breakouts.

Valid Breakouts

You don’t want to just trade any breakout you want to trade ones that are considered valid i.e they have been tested a few times and have held. The more tests that have occurred the better (you want a minimum of 3) and these should be in at least two time periods a few weeks apart.

Understand This:

Most traders hate buying breakouts because they think their not getting in at a good price. They want the price to come back so they can buy the pullback – but valid breakouts don’t pull back, they accelerate away from the breakout point and the trader who waits never gets in.

If you grit your teeth and buy a breakout, you may appear to miss a bit of the move but that’s ok, as there is normally plenty more to come.

Confirming the Move.

Not every breakout accelerates away and many quickly turn back so you need to be careful to confirm each and every move. What you need to do is, see if momentum is picking up as the breakout occurs i.e. you are looking for momentum to support the break. This is easy to do.

All you need to do is look and use some momentum oscillators and two of the best are the stochastic and Relative Strength Index (RSI).

We don’t have time to discuss them fully here, simply check our other articles. These are visual indicators all you need to do is look at the set ups and if they confirm momentum is on your side then you can execute your trading signal.

Your stop?

Very simple – you place it behind the breakout point.

Breakout trading is simple to understand and is based on timeless logic and works.

A Breakout System That’s Made Millions

If you want a totally mechanical way of trading here is an even simple breakout system. It’s called the 4 Week Rule and it was devised by trading legend Richard Douchian. The system was originally devised for commodity markets it works great in currencies to here it is:

Close short positions and take a long position when price exceeds the highs of the previous 4 weeks THEN Close long positions and go short position when a price falls below the lows of the previous 4 weeks.

This system is so simple – but has been used by trading legends such as Richard Dennis and countless others. It piles up money in trending markets if markets are choppy you can use this filter:

Enter on the 4 week rule – but exit the position on a shorter time frame and go flat. 1 or 2 week cycles can be used; you would then simply re enter on the next 4 week signal.

Use Breakouts for Forex Success

So there you have the basis of a simple forex trading strategy that’s proven to work. You can devise your own based on the above points or if you want a mechanical system the 4 week rule is simplicity itself and it works.

Either of the above forex trading systems can lead you to currency trading success, so try them and see for yourself.

Anyone can learn to trade and make money at currency trading and here we will reveal a timeless Forex trading strategy, that’s simple to understand and works.

Many traders make the mistake there simply going to be able to follow someone else and get success with no effort and there is a huge industry in Forex Robots which of course don’t work. No if you want success, just like in all areas of life you need skills you can understand and this will enable you to apply them with confidence and discipline.

Trade the Breakout

The big trends in currencies start from chart breaks to new highs or lows. Look at any Forex chart and you will see this occur again and again. Even better, not only do the best trends start from breakouts, they continue form them as well and these big trends can last for many weeks or months…

Most Traders Cant do It!

While it sounds simple to buy and sell breakouts most traders wont even consider doing it and the reason is they want to get in at the exact top or bottom now, that impossible but most traders want a dip to get in, at what they perceive is a better price – but of course, the price doesn’t dip and the trend continues.

The brave trader, simply gets in and knows he has the odds on his side and sure he missed a bit on the way in – but the odds mean there is a ton more of profit to come and he will be in the trade and making money which is what Forex trading is all about!

Be Selective in Your Trades

With breakout trading, the key is not to trade often but only hit breaks that have proved to be significant support or resistance in the past and are considered strong levels by traders. When the break occurs it is likely to continue.

I know traders who trade less than a dozen times a year but make triple digit gains using this method and you can too.

Another key to trading breakouts is to confirm that price momentum is accelerating through the breakout point.

For this you need to learn to use momentum indicators. Two of the best are – the stochastic and the RSI. you can learn all about them in an hour or two – if they support the break, then the odds of continuation and your profit are too.

Simple Systems Work Best!

Never make your strategy too complicated – just simple charts and a few momentum indicators are all you need. Simple systems work best, as there more robust. Complicate a trading method and it will have too many elements to break.

It sounds simple and it is – the hard part is running profits. Stops are easy, under the breakout point but if you are long term trend following, you will have allow pullbacks into your open equity and this means holding the stop back and trailing slowly to stay outside of this volatility. You need discipline and confidence to do this but it pays great dividends in terms of profits.

The big trends in currencies last for many weeks, months or years and trend following them via breakouts can pile up huge gains.

A Simple System for Big Gains in 30 Minutes a Day

You can put together a simple Forex breakout trading strategy in a week or two and soon be making big profits in around 30 minutes a day and as long as markets trend a breakout system will make money.

So get the right Forex education and learn to trade breakouts, it’s simple to understand and apply and you can enjoy currency trading success with this timeless methodology – good luck and good trading.

Forex, currency trading whatever you wish to call it is an opportunity to build wealth however, the fact remains 95% of traders lose money. This is not because they can’t make money but because they make simple errors. This article is designed to put you on the road to forex profits in 4 simple steps.

Step 1 – It’s up to YOU

No one can give you success for no effort so forget all the automatic forex trading systems and forex robots people try and sell you on the net which for a few hundred dollars are going to make you rich – they won’t!

Mind you, if you are serious about forex trading you knew the above already so, what you need to do it to this.

Step 2 – Work Smart NOT Hard

Forget about all the mentors or gurus trying to sell you secrets there are none – forex trading is down to learning the right information and getting the right forex education. This should not take long a couple of weeks maximum.

Keep in mind you don’t get paid for effort in forex trading, you get paid for being right and that’s all.

Many traders make the mistake of thinking the harder they work, the more they make – Not true, that may apply in a 9 – 5 job but not in forex, currency trading.

Once you have learned the right information you then need to have a forex trading strategy you have confidence in and can trade for profit.

Step 3 Your Forex Trading System for Gains

Many novice forex traders think building a forex trading system is hard not so you can build a simple, robust profitable quickly and you need to keep it simple!

Simple strategies work best as they are more robust than complicated ones with fewer elements to break in the brutal real time world of trading.

A good way to start is with a simple breakout system.

This is a timeless way to make money and is easy to understand, implement and will make you money. We don’t have time to discuss in full here – but look up breakouts, support and resistance add some momentum indicators and your all set – we have covered building a system in other articles, just look them up.

Keep in mind this once you have your system you have one key element you must pay attention to and that’s:

Step 4 – Get the Mindset for Success

While a robust simple trading system will work, you still need to apply it with discipline.

Discipline is the real key to long term gains. If you don’t have the discipline to apply your forex trading system, you don’t have a system – Period!

If you have built your own forex trading system, you will have confidence in it – this is vital for you to stay with your system through periods of losses ( don’t believe anyone who tells you can make a regular income – you will have losing periods that’s life) with discipline to achieve long term success.

The Challenge is there are You UP For It?

Forex, currency trading is not hard if you work smart and get a simple robust system you can apply with discipline.

Most traders thing other people can give them success – that’s not life your on your own but with the rewards on offer that’s the best place to be.

If you have desire, a willingness to work smart and the mental attitude to succeed, you can make big gains at forex, currency trading and enjoy success – its as simple as that.

As the forex market becomes more and more popular, more people are jumping in and trying to come up with some miracle forex strategy that will make them a rich man overnight. A lot of rookies believe everything they read and do not take the time to weed out the bad information, and there is plenty of it, and then they end up taking a loss. If they would only take the time to do the right research, they would find the the concepts that produce profits are not brain surgery, they just take some time to develop.

That perfect forex system does not exist, get that out of your head right now. What works is good analysis that will enable you to spot a trend, not try and predict it. The quicker you are able to recognize the trend, the more money you can make. Leave the predictions up to the lady’s on the boardwalk, there is no place for that in a successful forex traders toolbox.

The difference in taking advantage of a trend versus trying to predict the forex market is that you are getting in on something as it is moving in a positive direction, not trying to figure out which way it is going to go. If you find this quick enough, you will be able to make money as long as you can recognize when it is moving the other way. Unfortunately, that is usually a little easier to see because you will notice the negative number in your forex account. How you make the most of these trends is by educating yourself and make sure that you are making informed decisions.

After you have entered the market, make sure you establish a stop order. A stop order is your primary line of defense in preventing your losses from getting out of control on a bad deal. Once you see that you are in a bad deal, simply get out. It is going to happen and don’t think that you are the one guy that can get that trade to turn around. Welfare lines are full of those guys. What you want to do is get out, analyze where you made a mistake and make sure that it doesn’t happen again. If you have a stop mark that is effective, this will be a cheap lesson on what trends not to follow.

If you are looking for one certainty in the forex market, you can be assured that no man and no forex trading system is perfect. Everyone and every system will make a mistake at one point or another. A consistent analysis will still put money in your pocket though. This is not a race that you are trying to win, its money that is the key. Follow the trends and make the most of them. If you are doing good analysis, your wins will far outweigh your losses and after all, that is the goal isn’t it?

There is one point that cannot be stressed enough, Do not ever try to predict the market. You may get a little lucky every now and then, but all that will do is assure you of taking some horrible losses down the line. You will get overconfident and start setting wider stop margins and the next thing you know, you are taking huge losses to your bankroll. Instead, play a safe 10% stop and spend your time researching and analyzing. When you start making money online and watch that bank account grow into an enormous sum, you will be glad you followed this simple advice.

Here we are going to look briefly at 3 forex trading strategies anyone can use quickly. There simple to understand easy to use have worked and will continue to work and that means big long term profits.

Let’s look at these forex strategies and why they work…

Many traders make the mistake of thinking that the harder they work and the more complicated they make there trading strategy the more likely it is to work but there is no correlation between working hard and being complicated and forex trading success; you are simply judged on your market timing and the success of your trading signals.

A simple strategy will have fewer elements to break than a complicated one in the brutal world of forex trading and keeping it simple is always best.

Strategy 1 – Long Term Breakout Trading

FACT:

Most major trends start from new market highs or lows.

This is one of the simplest and most effective ways of trading, buying breakouts on the chart to new highs and selling new lows. Most traders cant do it, because they think they have missed a bit of the move and want to wait for the pullback but in strong moves, this never occurs and they are left watching the move pile up thousands of dollars and their not in.

If you focus on long term valid breakouts and time your entries with a couple of momentum indicators, you can make a lot of money. The key to this forex trading strategy is only to use levels that are considered important by the market.

They occur a few times a year per currency but lead to huge moves and huge profits.

Strategy 2 – The 4 Week Rule

This is one of the simplest most profitable, forex trading systems you will find and was devised by trading legend Richard Donchian. It will make sure you get in on EVERY major forex trend.

This sysmre is totally mechanical (and based upon the breakout philosophy discussed above) and consists of just one rule:

Buy a new four week calendar high and sell a new 4 week calendar low and maintain a position in the market at all times.

That’s it!

Simple? Yes, but it works – back test it and see.

You can also add filters to smooth the equity curve which are discussed in our other articles.

We have used this system as part of our forex trading strategy for over 20 years and many great traders have been fans, such as Richard Dennis so, if it’s good enough for him, its good enough for you and me.

Strategy 3 – Trading Overbought Oversold

The two other strategies just discussed are long term now, we will look at a short term strategy for profit – forex swing trading.

Swing trading simply aims to take advantage of overbought oversold scenarios within the major trend and you can do this with simple trend lines. All prices get pushed to far up or down, due to greed and fear and you simply want to trade into these extended levels.

Once you have identified areas of support or resistance, check volatility with the Bollinger band and then use the ultimate timing tool – the stochastic to confirm the move.

You then should take your profit early and then look for the next one.

Swing trading is fun, requires very little discipline, as you don’t have to hold moves for long and can be learned in a few days.

So there you have 3 simple forex trading strategies for profit which are simple but don’t think they can’t be profitable, they are and can lead you to long term currency trading success.

So make the above part of your essential forex education and get on the road to profits.

If you want to win at forex trading you need a forex trading strategy that can help you enter the elite 5% that make money and avoid joining the vast majority of losers.

This article is all about devising a forex trading strategy for success in 5 simple steps.

1. Accept Responsibility

The first point to keep in mind is that you are responsible for your own success – if you think you can buy success from a vendor for a few hundred dollars – you are going to lose.

Only you can make yourself successful and this means you have to develop your forex strategy on your own. The good news is, everything about forex trading can be specifically learned and is free on the net.

2. Learn the RIGHT knowledge

Forex trading is all about learning the right knowledge – This is an important point, many traders simply think the more the better in terms of knowledge, but this is simply NOT true.

You get rewarded for results in currency trading and the accuracy of your trading signals, not the effort you make.

Your forex trading system that you use in your trading strategy should be kept simple and easy to understand. This way, ensures it will be robust in the face of ever changing market conditions.

Simple systems work far better than complicated ones and have the added benefit of being easy to understand by you – This means that you will have the confidence to follow it with discipline.

3. Deciding Your Methodology

You will need to decide if you want to a technical or fundamental trader.

By far the easiest is to be a technical one and use forex charts to spot trading opportunities.

You need to get the odds on your side and this means NO forex day trading!

It doesn’t work, as all short term volatility is random. Instead, base your forex trading strategy on swing trading, or long term trend following.

Both these methods will work and the one you choose is personal preference.

You then need to have a clear understanding of support and resistance and some momentum indicators to help you get into trades ( this is covered in our other articles )essentially you need to confirm price momentum is on your side when you trade.

Finally, learn the concept of “breakouts” it’s a timeless very profitable methodology.

4. RISK and Money Management

If you don’t like risk don’t trade forex markets. Most traders don’t understand risk and are so frightened of it, they end up being to cautious and lose.

If you want to make money you need to take calculated risks, at the right time.

You need to have the courage of your conviction. If you come into forex trading thinking you can risk 2% of your equity and make money do something else, as you will lose.

5. Trading is in the head

Most traders fail because they cannot obtain mental discipline, to follow their forex trading system through bad periods i.e. they lack discipline due to lack of confidence.

If you develop your forex trading strategy yourself, you will understand exactly how and why your system works – this will instil confidence and from confidence flows discipline.

Keep in mind if you don’t have discipline to follow your system you have no system!

6. Realism

Sure people get rich quickly but that’s the norm for most currency traders.

You need to have a realistic forex trading strategy and that means aiming for 50 – 100% per annum.

If you can achieve this you will be up there with the best and this will compound to a lot of money over time.

REMEMBER!

You don’t need to buy any material to construct your forex trading strategy, its all free online.

You just need to research it and avoid people telling you that you can buy success from them, for a few hundred dollars – you cant, there are no shortcuts

The good news is, everything about forex trading can be specifically learned and you can do it all on your own, if you are prepared to put in a little time and effort.