Thursday, September 25, 2008

The real means to make your money in minutes

Few years ago when I first started to learn about the forex market I could find only few places that offered some decent information about the market. Since then a few thousand internet sites showed up offering new systems and ideas. New forex traders are faced with a lot of information now, but how much of this information is good? and how long will it take you to decipher what to use and what not to use?

Please, think about it!
Each day I am getting a lot of emails asking for suggestions or clarification on certain issues. As a result I decided to share my information through an education/training program that will be based on a yearly membership.
The education/training package is $99 per year
This information is being sold for $2000-$5000 at other sites. Think about the savings and the return on your investment!
Here is what is included in the service:-
trading education starting from the introductory level (beginners) to most advanced- trading systems that WORK- trade suggestions (maximum of 3 updates per week sent by email)- member's forum with a section where questions are answered directly by Monika- no need to spend money on travel, hotels and workshops as all main issues will be recorded so you can learn from the comfort of your home.

ABOUT TRADING ROBOTS
If you are looking for a way to start making money at Forex trading rather quickly, you may want to consider investing in a Forex robot, especially one that works with and integrates seamlessly with Metatrader4. These robots are not R2-D2 and C-3PO, but small pieces of software that can be added to your Forex trading program, configured to your needs and set on autopilot. They will work on your Forex trades for you so that you do not need to be tethered to the computer twenty-four hours a day, seven days a week making trade after trade after trade.
There is some question as to how profitable Forex robots really are. So far their numbers look great on paper and they seem to have an impressive performance record already. But as with everything else, there is no fool proof plan to making money and each of these robots works differently than the other. You should always research each of the robots that are available on the market in order to understand whether or not other users have found them to perform adequately. Much of the data that is provided about these little program snippets may or may not be accurate because you have no way of knowing whether or not the program has actually back-tested.
You may hear that these Forex robots are a scam, but there are reputable ones that have been put through their paces and have traded money for their owners successfully. The ones that have been back-tested over the last few years are operating as efficiently today as they were when they first hit the Forex scene. You will not know how well it will work for you, though, unless you buy it and test it out. Always verify that there is a refund policy with the robot in the event that you have to return for failure to work. If there is a demo account available, take it for a Forex trading drive and see how it works. If it is one you wish to keep, you usually only have to purchase an unlock style key code to open up the whole program.
Forex robots are not going to produce large and outrageous amount of money for you or even do it in one quick shot. Instead, the ones that seem to work the best are the ones that steadily increase your money over the long run, producing profits that are both slow and steady. Try to purchase one that has a track record for making more winning calls than losses and includes a stop loss strategy. These are usually the best for ensuring that you will have long-term profits while the system is in place. They will also give you the automatic trade option, allowing you to hang out at the pool while your money increases.

FOREX TRADING ROBOTS
Forex trading robots are all the rage and you will find loads of them for sale online all promising you instant riches - the truth is 90% or more will lose you money. You can find ones that will make you profits but you must be careful - Here are some tips on getting a profitable one.Below, you will see a warning that accompanies the vast majority of forex robots, as soon as you see it DON'T BUY IT! Read it and you will understand why. "CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".It's pretty obvious you shouldn't trust a trading system that has never been traded! Anyone and I mean anyone including my 9 year old niece can make money looking backwards the problem is you have to look forward. You never see profitable track records that have broker account statements or are audited. The best I have seen was the personal bank statement of the vendor however, bet that's not from trading that's from selling systems! So are there any good ones out there? Yes there are but there not cheap. If you get one with a real time track record that's reasonable expect to pay from $1,000 - $20,000 or more. Always make sure when you check a track record it's independently audited and is at least 3 years long. Even when you have done this you need to know how it works so you can follow it with confidence and discipline. You also must be comfortable with the draw down and how long it lasts for in terms of recovery time. Another alternative - Get a FREE One!We have written frequently on a great trading robot you can get for free called Richard Donchian's 4 Week rule its simple to understand ( one rule), is based on timeless logic and you don't even need a computer program to trade it. Before you say it's free and simple it won't make money, look it up or read our other articles and remember - simple trading systems are best, as they are robust, in the face of brutal ever changing market conditions. The above system has been the basis of many a successful forex trading system and trading legends such as Richard Dennis have used it, so if its good enough for him, its good enough for you and me!So there you have it 3 options. You can buy a robot with a simulated track record and get wiped out, pay a bit more and get one with at least a real time track record, or get a free one you can adapt or use as it is. Try the latter option and you maybe glad you did.
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Why Forex?

Take control of your own finances. Beat the returns from mutual funds, hedge funds or managed funds.

Start-up costs are low when compared with day trading stocks or futures.

Forex is the world’s largest market. No one can corner the market.

With a trading volume of around $1.9 trillion dollars a day, no single entity can control the market for an extended period of time.

You can make money when the market is going up or down.

Forex markets trade 24hours a day. There is no waiting for the opening bell.

Technical analysis works very well and the market trends well.

Forex offers up to 100:1 leverage but it is wise to avoid very high leverage if you can afford it.

Stocks offer 1:1 or 2:1.Futures offers 15:1 leverage

The forex market is the most liquid in the world. Traders can almost always open or close a position at a fair price.

You can make big money working only a few hours a day or week on your computer.

You can trade from anywhere in the world where there is an internet connection.

You can gain experience without risking your own money by using a free demo account.

When trading stocks, there are over 40,000 stocks to choose from. In forex, you can choose a few currency pairs and focus on them.