best forex trading robots reviews

Here we will look at a profitable Forex Trading Strategy the pro traders use and you can too. The strategy is simple to understand and will get you on the right side of all the big trends and profits.

Before looking at the strategy, its worth noting that – the vast majority of traders don’t use it but as the vast majority lose, you needn’t let that worry you. Lets look at the strategy and unlike many others, it doesn’t try and predict turning points in advance ( which is impossible but most traders still try and lose) it simply trades the reality of price change on a chart.

The strategy aims to get in on and hold long term trends which last a long time with many of the trends lasting weeks or months in duration. If you look at currency pairs, you will notice that any currency that enters an uptrend does so by breaking to new market highs and then as the trend progresses, it continues to break to new highs on its upward path – so the way to get in on all the big trends is to buy these breakouts.

Most traders find buying breakouts hard, because they have missed the start of the move and want prices to come back to a lower level, so they can get in and what they feel is a better price. The problem for these traders of course is the best breakouts carry on and move upwards quickly and the trader who is waiting for the lower price, never gets in on these great moves and profits.

When a currency breaks strong resistance, the odds favor a continuation and you simply get on board, no predicting is needed, you simply get in on the trend when the odds are in your favor and wait for it to carry. If it doesn’t carry on, you have low risk as your stop is very close – just below the level that has broken.

When trading breakouts, look for levels which have been tested a few times and the market is watching and when it breaks, simply get in the move. The minimum number of tests for a breakout is technically two but we like a lot more – six plus or even in double figures, to increase the odds of success.

If you want to get all the big trends and make the best profit potential, with the the odds of success on your side, trade breakouts and start making some great profits from the big trends in around 30 minutes day or less.

Here we will look at a profitable Forex Trading Strategy the pro traders use and you can too. The strategy is simple to understand and will get you on the right side of all the big trends and profits.

Before looking at the strategy, its worth noting that – the vast majority of traders don’t use it but as the vast majority lose, you needn’t let that worry you. Lets look at the strategy and unlike many others, it doesn’t try and predict turning points in advance ( which is impossible but most traders still try and lose) it simply trades the reality of price change on a chart.

The strategy aims to get in on and hold long term trends which last a long time with many of the trends lasting weeks or months in duration. If you look at currency pairs, you will notice that any currency that enters an uptrend does so by breaking to new market highs and then as the trend progresses, it continues to break to new highs on its upward path – so the way to get in on all the big trends is to buy these breakouts.

Most traders find buying breakouts hard, because they have missed the start of the move and want prices to come back to a lower level, so they can get in and what they feel is a better price. The problem for these traders of course is the best breakouts carry on and move upwards quickly and the trader who is waiting for the lower price, never gets in on these great moves and profits.

When a currency breaks strong resistance, the odds favor a continuation and you simply get on board, no predicting is needed, you simply get in on the trend when the odds are in your favor and wait for it to carry. If it doesn’t carry on, you have low risk as your stop is very close – just below the level that has broken.

When trading breakouts, look for levels which have been tested a few times and the market is watching and when it breaks, simply get in the move. The minimum number of tests for a breakout is technically two but we like a lot more – six plus or even in double figures, to increase the odds of success.

If you want to get all the big trends and make the best profit potential, with the the odds of success on your side, trade breakouts and start making some great profits from the big trends in around 30 minutes day or less.

Here we will look at a profitable Forex Trading Strategy the pro traders use and you can too. The strategy is simple to understand and will get you on the right side of all the big trends and profits.

Before looking at the strategy, its worth noting that – the vast majority of traders don’t use it but as the vast majority lose, you needn’t let that worry you. Lets look at the strategy and unlike many others, it doesn’t try and predict turning points in advance ( which is impossible but most traders still try and lose) it simply trades the reality of price change on a chart.

The strategy aims to get in on and hold long term trends which last a long time with many of the trends lasting weeks or months in duration. If you look at currency pairs, you will notice that any currency that enters an uptrend does so by breaking to new market highs and then as the trend progresses, it continues to break to new highs on its upward path – so the way to get in on all the big trends is to buy these breakouts.

Most traders find buying breakouts hard, because they have missed the start of the move and want prices to come back to a lower level, so they can get in and what they feel is a better price. The problem for these traders of course is the best breakouts carry on and move upwards quickly and the trader who is waiting for the lower price, never gets in on these great moves and profits.

When a currency breaks strong resistance, the odds favor a continuation and you simply get on board, no predicting is needed, you simply get in on the trend when the odds are in your favor and wait for it to carry. If it doesn’t carry on, you have low risk as your stop is very close – just below the level that has broken.

When trading breakouts, look for levels which have been tested a few times and the market is watching and when it breaks, simply get in the move. The minimum number of tests for a breakout is technically two but we like a lot more – six plus or even in double figures, to increase the odds of success.

If you want to get all the big trends and make the best profit potential, with the the odds of success on your side, trade breakouts and start making some great profits from the big trends in around 30 minutes day or less.

If you are looking for Forex trading strategies for success you will love the one enclosed which is simple, logical and easy to understand and makes big profits in around 30 minutes a day or less – lets look at how and why it works.

First lets look at how every big trend starts and you will notice if you look closely at any Forex trend that it starts by breaking to new highs on a chart and the trend will develop by, continually breaking to new highs and if you look at ALL the big trends, they can last from many weeks in duration, to a year or more.

So the strategy for success is simple, buy breakouts in bullish currencies and focus on the big long term trends which yield the big profits.

While this sounds an obvious way to trade, most traders simply cannot do it.

This is because they have the wrong mindset; they cannot buy a trend in motion and always want to buy in at the exact low and predict and while this is simply hoping and guessing, they still do it and lose. When breakouts occur they wait for the pullback, it never comes and they never get in on these high odds set ups.

The experienced savvy trader, doesn’t predict he waits and goes with the price change as it occurs and although he misses the first bit of the move that doesn’t matter, as he knows he has plenty of profit ahead if its a good break.

How do you know if a breakout will continue?

Not all price breaks to new highs, continue and the key to winning is to buy only the best breaks and be patient and wait for the really high odds set ups.

To get the odds on your side, trade levels which have been tested several times and in terms of the number of tests, it’s the more the better. The best breakouts, tend to come after at least 6 to 12 tests have occurred before the break.

As soon as the break comes, stops clustered behind the level are hit and propel the break forward, next technical buying comes in pushing prices even further from the breakout point and finally, the small traders get in on the move.

Breakout trading, is a timeless way to make money and will always work because markets always trend and that will never change.

Most traders still won’t trade breakouts though as we noted earlier but don’t let that bother you, the bulk of traders don’t make money. There busy trying to buy exact lows and work on the premise of “buy low sell high” but the savvy pro knows, you cannot predict and works on the premise of “buy high sell higher “and makes a ton of money.

If you want a Forex trading strategy for success, trade the good breakouts and get on the road to a triple digit income in 30 minutes a day or less.

The Forex trading strategy enclosed is ignored by most new traders but it’s the one the savvy, millionaire traders use and is at the heart of some of the world’s top trading systems. And even better, it’s simple to learn so you can use it too.

The Forex trading strategy we will look at here is based on how ALL big currency trends start and continue and if you look closely at any currency pair, a bullish currency trend starts by break to new market highs and as the trend continues and develops, the currency will continue to break new market highs. The best way to get in on all the biggest and best trends is therefore is to buy breakouts- it’s easy and it works, so why don’t most traders do this?

The novice trader thinks, that to win he needs to predict trend changes in advance and rather than buying breakouts, he continually buys dips to support and hopes the level holds but in most cases he gets stopped out and eventually losses his equity.

You cannot predict Forex prices in advance so don’t try! If you want to win you need to trade with the odds on your side and the best way to do this is by trading the best breakouts – so which breakouts should you trade?

You need to be selective and pick only levels of resistance, the market feels are important and in terms of this, the more tests before the eventual break the more likely the breakout, will see a follow on in terms of the direction of the break will. Look for six or more tests, befoire the break takes place and also, look for two of the tests to be in time frames which are at least a few weeks apart. In fact, the wider the time frames the more valid the break.

You don’t need to make breakout trading complicated, you can simply can use a bar chart and few confirming momentum indicators and you will then have a robust and simple strategy which is proven to make big gains.

Many of the world’s top trading systems are based on trading breakouts and you should consider basing yours on this method to – its easy to understand and have confidence in and will always work , as long as currencies trend and that will never change.

Do you have a good money management rule in your forex trading? Many traders think that money management in forex trading is just by putting a stop loss and a target profit, that’s all. This is far from true because that is only part of a forex trading system. Let’s look at some forex tips on how you can triple your forex trading profits.

1. Always prepare for the worst, think how to protect your trade first!

Almost all the traders will think how much money or profits they are going to make when they trade. This is a wrong mindset. If you are a beginner in forex trading, then you should assume the worst first and not thinking about profits in the first place. You should be very eager to protect your trade from losses by shifting it to break even after your trade has around more than 40 pips in profits. The trade is also considered won even it has broke even.

2. Don’t take high leverage for granted.

Many forex brokers offer a high leverage of 100:1 to 400:1. True it is very tempting, but you should not use very high leverage for a beginning and for a small forex account, it is not advisable to use more than 50:1 or 100:1, so as to prevent your account from going bust. Traders thought they can win big using high leverage, but what if they loose? Their trading capital goes into the drain too.

3. Not risking more than 1% to 5% of your trading account.

This is a very important money management rule. How much do you risk for every trade? Forex trading is all about high probability and calculated risk. If you think you can’t take risk at all, then you shouldn’t be learning to trade forex at all. For a small $1000 account, it may seems by risking 1%, the gains are very small too, but that’s the right way to build your capital. For me, I’m a conservative trader and I risk only 2% of my trading account per trade.

If you want a Forex trading strategy, you can learn in a couple of weeks, which is simple to understand and have confidence in, then the one enclosed is for you…

Most traders fall for the myth that they have to predict price changes in advance to win – but prediction is another word for hoping and guessing and that won’t get you far in your trading career! In fact your predictions will end up as accurate as your horoscope!

Trade the Truth – Trade the Reality of Price Change

The way to make money is to forget prediction and trade the reality of price change.

There is no better way of doing this than trading breakouts.

Breakout trading, involves buying or selling breaks to new market lows or highs and its logic is soundly based. Check any Forex chart and you will see most trends start and continue, from these highs and lows.

Why Most Traders don’t Trade Breakouts

Most traders though hate trading breakouts, because they feel they are not getting in at the best possible price and wait for the pullback. Of course a pullback doesn’t come and the trader waits in vain, while the trader who bit the bullet and got in makes a killing.

Breakout trading can be very simple, so let me give you a one rule system that works and its:

Buy a new 4 week high and hold until a 4 week low is hit then reverse and go short and keep buying 4 week highs and lows after that always maintaining an open position in the market.

Simple? Yes – and it works. This system was devised back in the late seventies by trading legend Richard Donchian and has been used by savvy traders ever since.

Although its over 25 years old, it will never go out of date, will get you on the side of every major trend and help you make big long term profits.

Breakout Trading Choice of the Savvy Trader

In fact most of the world’s top traders use breakout systems and I got in to them years ago when reading about how Richard Dennis taught a group of people to trade in 14 days and they went on to make hundreds of millions and the system was a long term breakout trading system.

Simplicity is the Key

Breakout trading is simple and it works and will continue to work, as long as markets trend.

We have given you a one rule system that works and in breakout trading simple systems work best, over complicate them and they will have to many elements to break.

Simple to Learn and Easy to Apply

Breakout trading maybe the simplest form of trading – but it can also be the most profitable.

If you incorporate it in your Forex trading strategy, you could soon be on the road to triple digit annual profits, in around 30 minutes a day and enjoying currency trading success.

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 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.