Automated Forex Trading Review

by opportplanet

Question by Nino: Please share with us some strategy to make money from FOREX?
Please share with us some idea, way, strategy to try to make some money from the forex markets, i heard that some people live on that, i myself tried it with no success, i wonder if one could really depend on that for a living and garantee some monthly income, could that be possible ??

Best answer:

Answer by Tim s
I have been trading forex for 5 years! I spent loads of money on how to trade it! I keep losing but I still keep putting more money in it! I feel that the brokers are the only ones making money on the forex! However I am making a good living on-line now! If you want I can give you some information on it? Email me at sim_tingleton@yahoo.com

Tim

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Question by Inquisitive: What is the simplest/ most effective hedging strategy in forex trading?

Best answer:

Answer by sundance
Hedging is essentially offsetting risk – so a hedging strategy would be a trade made to offset the risk in another trade. I don’t trade forex – are there forex options that can be traded besides the currency pairs? For instance a simple strategy for stock hedging is to buy a stock and also buy a put – the put is intended to cover the downside risk of the stock – you have hedged your risk.

Here is a good forex information website that I saw when I was trying to compare currency futures trading to forex trading. The example I gave could be done in futures trading – combining options and futures trades.

http://www.currency-forextrading.com/

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Tips on Developing Your Own Forex Strategy

Article by Chetan Bhawani

Foreign exchange is the largest global market where millions and trillions of dollars are exchanged every single day. The flow of money is not so huge in any of the stock market exchange in the entire world. Currency trading happens round the clock and round the year.

Forex is now-a-days available to small investors which were not so in the past as the size of transactions used to be very large in the past. But now the large transaction sizes can be broken down into smaller units by these investors. Hence, people can now try and develop their own forex strategy.

Now it’s not so easy to develop a forex that is successful, it involves quite a bit of effort. Also incompetency in Forex is very risky. To jump into this market without experience is as good as gambling. Millions of dollars could be at stake and could cost a fortune if trading is done being ignorant, though perfect trading systems are born after years of study with dedication and involves trading actively.

Developing one’s own forex strategy which works out to be profitable would involve a number of factors. One can form a strategy by trial and error, which is definitely not the best way.

To begin with, one can find a mentor that can help one learn, but a mentor is not always easy to find. Moving on, getting a book or a program that could teach one the forex system and give the right knowledge to succeed. Books are available in plenty if one looks for them. Then, one needs to find the appropriate software to develop one’s own forex strategy, which would advise about the right time to trade. These are very basic points to help one get started. They are easy to use strategies and very simple to try out.

Looking at complex and advanced strategies involves several terms and conditions and use of indicators. These would need ample amount of time to get used to with as they have very logical theories based upon which forex works.

Creating an efficient forex strategy also depends on a particular individual. Depending on one’s goals and requirements, the strategy can be followed. The first and foremost factor is time. One needs to decide if just half an hour in front of the monitor is enough or long hours would help one decide. Also this depends on the comfort level of the individual with the charts.

Moreover, there are a lot of trading tools and indicators such as EMA (Exponential Moving Average), SMA (Simple Moving Average), MACD and others. But one cannot always depend on the tools to get the fastest forex signals.

In the end, a simple strategy is always good to start with, not always relying on news releases, but surely following the

Question by greenhigh2006: How know of a STRATEGY on FX market (FOREX)?
You have the experience and strategy for handling the forex market currencies
Will specialize in global forums strategies

Best answer:

Answer by Shem
if you want to know how the forex market works, check on this site. you can get a free ebook for a start and if you register, you will have a personal account manager to work closely with you.

they offer background information for the Forex market, Guided-Tour, seminars, one-on-one training, CHAT, telephone support, as well as other assistance tools, including technical support. moreover, your personal Account Service Manager will guide you live, on your first trading steps, to help you get acquainted with the Easy-Forex™ system, and will answer all your technical questions.

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Question by miltonge: Forex: Everyone know the method Peter Bain? How he calculates pivot points, supports and resistances?
I am looking and following some great technique to created a lot of green pips.
Thanks
Experts do pivot points with end of day of new york session, 00:00am GMT or 00:00am ET?

Thanks

Very best solution:

Solution by mldjay
No but read this prior to you commence or continue with Forex:

http://www.cftc.gov/customerprotection/fraudawarenessandprevention/fraudadvisories/fraudadv_forex.html

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