Forex trading systems are all about placing investments in the foreign exchange currency markets… which is simply called Forex (or FX).
Over a trillion dollars is traded on the Forex market everyday. You can learn to chart and follow the markets on your own… or you can rely on a broker as you would in the New York stock exchange.
You can live anywhere in the world and trade Forex. There are no limitations to the money you can make… or the money you can lose. The Forex markets can be tapped into online, over the phone, or by contacting a broker in person.
You can learn about the Forex markets in a variety of ways… not the least of which is to simply google the internet. In fact, today it has become somewhat faddish to try and make money online using Forex.
There are many so-called experts in the Forex markets… especially in the field of automated software. But cautious here… don’t be suckered into buying a trading system that claims guaranteed results.
Keep in mind that regardless of the actual system you end up using, you are still placing your bets against a forex broker. When you win… he or she loses… and vice versa.
There are several regions of trading within the Forex markets with sessions in Tokyo, Asia Pacific, and in the Americas. Trading is non-stop… moving from London to New York, to Tokyo and so on again and again.
And, there is an assortment of currency pairs that you trade. For example, you can invest in the US dollar, the Euro, the Japanese Yen or in Swiss Franc … among others.
You can find more information about the Forex by clicking this link.
Trading Forex is a fascinating way to make money… even for the novice. In fact, this automated forex trading software guarantees you can quadruple your money with room to spare.
The beauty of Forex is that it’s not only for expert traders, but also for beginners. Robotic trading has never been easier. Forget about learning to understand and follow charts… let the robot do it for you.
Don’t get me wrong. You still need to know the basics and the internet is a great place to get educated. But for actually making money… you’d be smart to use this particular artificial intelligence to place your trades.
Forex Megadroid is state-of-the-art and very easy to use. The best part is you can use play money to gain some experience before having to risk your real money.
And… if you don’t like what you see… you have 60 days to return it for a 100% refund.
Click on the picture below and then take a look at how deadly accurate this automated forex robot software has been. The price is bound to increase… so don’t waste any time.
Some forex trading brokers are not regulated… buyer beware bigtime!
In the U.S. we like to think our government agencies watch over us to prevent entities like unscrupulous forex brokers from taking advantage of us.
Nope… doesn’t work like that. In fact, the very agencies who are supposed to be protecting us are themselves equally unscrupulous.
This is especially true of the Commodity Futures Trading Commission (CFTC). These guys and gals have been screwing around with violations for years and no one seems to give a rip.
Which means… you better be careful before you commit any of your hard earned moola to a forex broker. Do a background check… pick up the phone and speak with them personally… check out some forums for good and bad comments.
There are some reliable and trustworthy forex trading systems manned by ethical brokers. Just be careful… because taking legal action against them could be difficult.
Albert Einstein is alleged (by some) to have said about compound interest:
“It is the greatest mathematical discovery of all time”
Let’s apply the principle of compound interest to your forex training. To do so, we need to first define “pip”… a highly touted phrase in the forex trading world.
A pip is simply a small unit of forex measurement and in almost all Forex training courses people begin with daily targets of anywhere from 20 to 50 pips a day. This is excessive and typically leads to greed, over exposure and needless risk.
My preference is to set a daily goal of 4 pips… conservative, safe and still quite profitable. For example,
Let’s say that 4 pips a day gives you around a 1% return on investment (ROI)… that’s 1% return on investment per day.
With a 20 trading-day month, you get 20% per month. If there are 240 trading years each year, you will receive a massive 240% return… right?
Actually, it’s a helluva lot more than that. Let’s take a look at how this strategy can truly explode your ROI.
On Day One, one percent is 1% on your ORIGINAL investment. On Day Two, another 1% is calculating on the compounded amount from Day One.
On each day of the 240 days, you are making a one percent return on the
accumulating total; hence, compounded return versus simple return.
So here are the actual figures for monthly ROI on your original investment based on a NET 4 pips per day, 5 days per week – if you took nothing out.
Month 1 . . . . . 19.92%
Month 2 . . . . . 45.44%
Month 3 . . . . . 76.64%
Month 4 . . . . . 114.72%
Month 5 . . . . . 161.20%
Month 6 . . . . . 217.76%
Month 7 . . . . . 286.8%
Month 8 . . . . . 371.04%
Month 9 . . . . . 473.84%
Month 10 . . . . 599.28%
Month 11 . . . . 752.40%
Month 12 . . . . 939.12%
Moral of the story… don’t be greedy. Just set up your daily activity to get 4 pips each trading day. Conservative and doable!
Check out the best forex training course on the internet.
Sometimes you will be restricted to a limited number of currency pairs. This is especially true if you are using some sort of artificial intelligence software.
On the other hand, most broker platforms permit you to trade all of the pairs. But then again, some will not let you trade oil, gold or silver.
Here is a list of the most frequently traded pairs:
- EUR/USD – Euro and the US dollar
- GBP/USD – British pound and the US dollar
- USD/JPY – US dollar and the Japanese yen
- USD/CHF – US dollar and the Swiss franc
- USD/CAD – US dollar and the Canadian dollar
- AUD/USD – Australian dollar and the US dollar
Some experts recommend that you limit your trading to just one or two pairs (eg EUR.USD and GBP/USD. Not a bad idea actually.
