best forex trading robots reviews

The rise of the internet has seen more news and FOREX education than ever before become available to traders and it?s available instantly, but it won?t help you make money.

In fact if you try and trade by utilizing news stories you will lose and a simple fact will explain why:

Fact:

Consider this:

50 years ago around 90% of traders lost all their money and this figure remains the same today 90%.

This is despite the huge range of new tools and breaking online news that is available to help traders ? the ratio still remains the same.

The reason for this is an important part of your FOREX education:

Markets move to the following equation

Market fundamentals + Investor Perception = Price movement.

We all see the news but it is the way all the investors interpret it that is important.

The market is a discounting mechanism and all the news instantly is reflected in the fundamentals.

If you see experts talking on the TV or writing stories, then this information is discounted ? The arguments may sound convincing, but that is what the media does sell stories.

The experts who put out stories are not traders and their more often than not dead wrong.

If it was easy to trade off news stories, a lot more traders would make money and the fact is they don?t.

By listening to the news and acting upon it you will lose.

Let?s go back to the equation:

Market fundamentals + Investor perception = Price movement

As the market is instantly discounting news we can simply assume all fundamentals and news is instantly reflected in price action.

All you need to do is follow price action and focus on investor perception of the fundamentals.

This makes a technical approach ignoring the news the best way to trade the markets.

As investor psychology is constant, repetitive chart patterns can be spotted and acted upon.

If you try and use the news you will simply lose.

Consider the fact that markets collapse when the fundamentals are most bullish and rally when they are most bearish and you will see that trying to act of the news is a waste of time.

How many times do you see a market ignore the news and go the other way?

It happens all the time.

Will Rogers famously said:

?I only believe what I read in the papers?

He was joking, but many FOREX traders actually do believe what they read and think they can trade off it and lose.

The market is a discounting mechanism and trying to trade off news stories will most likely see you fail.

So if you want to make money trading FOREX keep in mind this important bit of FOREX Education

Understand the past, think in the present and look to the future.

You can do this by simply following technical analysis and see future trend changes people listening to the news will never see.

I want to know how to participate in trading activities of foreign exchange currencies stock and shares via internet.

learn how to use the Elliot Wave in my charts.

If you have over 1 yr experience in forex trading we are getting a group together .exchange ideas and resources . 5 heades are better than 1 i think . you can contact me on yahoo messenger
watchdaride@yahoo.com

If you want to trade a forex trading strategy and win, you must have this in it and if you don’t you are going to join the vast majority of losing traders – let’s look at it…

The specific element which needs to be contained in your forex trading strategy is:

A “trading edge” which you understand, are confident in and can apply with discipline.

Sounds obvious it is yet most traders’ mistake what an edge is and it is NONE of the following:

- Trying to follow someone else and not knowing the strategy

- Following a forex robot with simulated track record

- Day trading or scalping systems

- Systems that want to predict forex prices

- A complicated trading strategy

- Working hard and believing your effort will be rewarded

- Being clever and thinking this is a route to trading success

- Trading breaking news

The above, are all based on either getting the wrong forex education and believing myths or, trying to follow others.

Most new traders do one or the other and lose – UNDERSTAND THIS!

Forex trading is NOT easy, if it were 95% of traders wouldn’t lose. It’s not hard either, if you work smart, understand what you are doing and get a trading edge.

You can learn forex trading in about 2 weeks and then in 30 minutes a day, seek big profits but you must understand that you need a trading edge you have confidence in. You need to have learned it yourself, because if you don’t know what it is and have confidence in it; you will never be able to trade with discipline.

Discipline is simply the ability to keep executing your trading signals through losing periods ( all forex traders who are successful face this and don’t believe anyone who tells you otherwise) and these periods can last for weeks.

If you can’t keep executing your signals in line with your system, during these losing periods, you may as well not have a trading system.

You must be able to trade through losing periods, until you get winners which you will, if your system is soundly and logically based.

To win and make long term profits in forex trading, you must learn to lose in the short term. You cant win inforex trading without taking your losses cheerfully.

It’s a fact that anyone can learn to trade but must traders fail. As we have noted this isn’t because they can’t learn, they can – they just get the wrong information or don’t have confidence in what there doing and this normally means they don’t have a trading edge or are not confident in it.

A trading edge is unique to you, all traders have different ones – but all the successful traders, know what it is and have confidence that it will lead them to long term currency trading success.

If you understand the above then you are on the way to achieving currency trading success.

my problem is I can’t use any of these free demos online.
I’m not an idiot but I can’t understand them. I don’t know if I’m making money or if I’m losing money. It is getting very frustrating because I want to start learning ASAP, but most the online resources are crap. I prefer taking classes, and I haven’t even found 1 in all of toronto. Everytime I try to search on google all these sites come with a bunch of scam artists trying to sell their program or online classes about how to make money. I don’t want to learn how to make money, I want to learn how to use the freakin platforms, I’ll come up with my own strategy.
Btw I’m already pretty good with stocks, it’s just that the market is horrible right now, and you need a bigger initial investment in stocks to make any decent money

If you are an experienced forex trader or just learning or even thinking about becoming a forex trader there is one book you must read, This book is not about the forex specifically but is still one of the best forex books available. The book was written about trading the stock market but it applies to forex trading just the same.

This book is called Trading in the Zone by Mark Douglas. In this book Mark goes deep into the main keys that separate successful traders from everyone else. Most traders are constantly looking for the one system, the one technique or strategy that will make their trading profitable. Some will spend years searching for this holy grail and in doing so they miss the one concept that will make their trading profitable.

This one concept that will make or break your trading career is you the trader. It’s not the system or the techniques it’s you. Your psychology and your resulting habits are the biggest factor that will determine the outcome of your trading. The trading decisions you make will be a result of your own psychological state. If you are not in the right psychological state your trading is going to be a direct reflection of that and like most traders you will likely lose money instead of make money with the forex.

That is the sad fact. Most forex traders do lose money in the long run. This is not because the forex is bad or the systems they are using are bad, it’s because the traders are not in a good psychological position to make the right trading decisions. This book will go in depth and teach you how to get your own emotions and psychology in the right place or “in the zone” to where your trading decisions will be positive.

Not only will this help your trading, also getting your mind right for trading will also help you in other areas in life like business, relationships and parenting. The struggles that traders go through can actually be a blessing in disguise. It’s struggles like these that motivate people to seek the type of information that’s in this book that will help them grow as people.

So if you want to become a better trader I highly suggest you read Trading in the Zone. Another way to greatly improve your trading is to use an automated program or robot to do your trading for you. The advantage of a robot is they don’t have emotions and a psychology to overcome. They already have the ability to do what this book will be teaching you to do. This is why some robots are making more profit than most manual traders do.

If you are not using a robot you should at least take a look at them. They can make a lot of money and you can learn a lot from them. I will post a link to the one I use below. It’s been producing very consistent profits and it doesn’t cost much.

Watch an automated program trade a live forex account.

Forex education is vital if you want to succeed but most traders simply have no idea what is good advice and believe advertising copy, but you need to go beyond the copy to get good advice.

Most what you need to know is FREE on the net. Let’s look at where to get the best advice to forward your forex education.

Tip 1 – Look For Proof

Don’t buy an e-book from a vendor on the net unless they present a real time track record that they have made money with their system.

There are many e-books sold that use great copy or lies, to appeal to naive investors don’t fall for this – If they have made no money don’t buy their product – period.

Most of the systems sold by vendors are junk or you can get the information free on the net anyway – more of that later. Now another important point!

Beware of the hypothetical track record this is meaningless.

Their done in hindsight knowing the closing prices so of course it’s going to make money but you don’t trade backwards in real life – you trade forwards and that’s much more difficult!

Instead of buying overpriced e-books with no evidence of success, go to your bookstore and pick up books from traders who have walked the walk rather than simply talk the talk.

Here you can learn from the real pro’s (we have done a top list check out our other articles) and there are some great bargains to be had.

Tip 2 Take advantages of FREE Sources

You can learn forex trading for free and get a forex trading strategy without spending any money.

If you are novice trader you will probably want to trade with forex charts and use technical analysis.

Just look up the phrase and you will find all you need.

The simplest way to trade is using “support and resistance” and a “breakout methodology” so search those two phrases as well.

You will need some “momentum indictors” to confirm you’re trading signals so look them up and in particular “Relative Strength Index” and “stochastics”.

That will give you a simple powerful method to trade with and give you a forex system based on sound logic.

THE BEST FOREX EDUCATION

Is easy to get if you follow the above two tips – All the basics are free and you can get a few good books from the great traders to inspire you and help you – you need spend no more than $100 maximum and you will learn forex trading the right way and get the best forex education.

Finally, leave the e-books with their over hyped copy and no proof to the other 95% of forex traders who lose.

That’s it good luck and good trading.

Hello Everyone,
I placed a forex trade on 30-May-06..and I made a huge mistake in that. Would you like to see what is it and learn from it or advice me on it??
If so, then visit to get the details of the trade at – http://the-forex-trading.blogspot.com