FAP Turbo News

OK, I turned up the heat just too see how robust it is...but all the back testing and live testing data I've seen indicates that it typically only loses about one trade in 20. The losses are very small, the gains are notably larger.

I've run backtest simulations for various time periods, from 6 years worth, to just the last two years and they all show the same success.
Of all the accounts I've reviewed, of all the traders I've ever witnessed trading including those on the Forex Factory boards I have never, ever, seen anything that comes close to this.
It has been working remarkably well on taking very short term trades called scalping, this types of trading is not liked by most of the brokers and a lot of them are starting to reject this robot and shutting down accounts of people who are using it.
So far Fx Pro and Alpari(UK) are proving to offer the best services both available to open with small balances.Alpari (UK )accounts are also insured for up to $10000 /pounds which provides additional peace of mind.If you want access to these brokerages at a discounted rate for a live account sign up through here

Automated Forex

Trading Forex The Hard Way

2 Years ago i made the decision to trade forex full time from home after hearing and reading about the huge fortunes that could be made.My initiation began by joining babypips,an excellent source of forex knowledge that gave me a sound introduction to the forex arena.Everything is covered in great detail and with access to the forum any lingering questions were answered very quickly,and best of all it was totally free.In forex trading one never stops learning as the market is constantly changing and what worked last month may not work this month.Joining many additional forums one of my favourites being forex factory i was intrigued by a particular program that provided live entry and exits into the forex market..many people raved about the success of the program with over 300 members paying $200 per month .It seemed to be going very well until internal squabbling and the dreaded "greed ' took over and which point all fell into disarray.At that point i made a point of never again would i subscribe to signal services or the so called gurus advice.

I love forex trading ,the thrill of market is indeed highly addictive and indeed fortunes can be made and lost.There is an old adage "let your profits run and cut your losses quickly"This can be extremely time consuming and mentally draining watching the draw downs (ups and downs of the market)on the edge of your seat following your execution plan to the tee and looking to take decent profits,Then rinse and repeat.In a market that boasts over 1.3 trillion dollars a day one needs only a small percentage to be profitable.

Why is it then that over 95% of traders loose there trading accounts and end up with nothing to show,indeed my own trading accounts were decimated 3 times,i am talking about $30,000 accounts which is considered small in the forex community but to me it was everything.I thoroughly believe the single most factor to my demise was controlling my emotions.I began to believe the brokerage company had was watching my every trade and push the market against me until i exited the trade at a loss and this happened all to frequently for my liking.One of the reasons it is said you need capital to trade correctly is that you must be able to accommodate the sometimes very large draw-down to make profits,this is the nature of forex .Although i had spent huge amounts of time and money on learning and trading seminars my forex trading was not supplementing my income ,each day i began to loose a little more faith in my ability to trade.Although every trader goes through bleak patches using there own trading formula i then began to look at automated trading software,a so called big no no! in the trading community......All i can now attest is that i will never again follow the herds and so called guru,s .No i have not found the holy grail of forex...it does not exist,but i have found automated trading software that is consistently growing my trading account ,which to be honest is all any forex trader desires.

Never Take Too Much Risk in Forex

Taking Risk too much of capital on a single trade is one of the most terrible mistakes that any trader can commit. It is for sure that the if you lose all your capital, you are out of the field indefinitely. There is a meaningful saying in poker that going all-in works every time but once. The same applies to the Forex trading in that if you risk all of your account on every trade, it only takes one loser to wipe you out and it is only a question of time.

Generally, you should risk only 1-3% of the available capital shared to a system on any individual trade. This calculation is done by using the size and, the difference between our entry price and our maximum stop price, and the amount of capital that is allotted to the system.

If these things are combined, you can assure yourself never to loose all of your trading capital. Actually, the chances of us hitting the maximum draw down for the year are very low. The size of all trades you make should almost seem painless to your future. If you are concerned about the size of a trade then it is too big for you and you should use a lower amount forthwith. Remember that longevity is the key to the making money by trading in any trading market. Trading slowly and steadily over a long period with minimal risk is better than the trading rapidly with too much risk.

If you are remotely involved in forex then check my blog Click Here

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Trading - A Common Indicator Mistake

I love it when I read forum entries from people suggesting trading strategies along the lines of:

- Enter long when the RSI(14) is above 50, the stochastic (14,5,3) has crossed positive, and the Williams %R(14) is rising from the oversold area
- Enter short when the RSI(14) is below 50, the stochastic (14,5,3) has crossed negative, and the Williams %R(14) is falling from the overbought area

(Disclaimer: I just made up that strategy, so don't trade it without testing it first - the fact is though - I seriously doubt it works)

Look, there are many problems with calling something like this a strategy, but the one I want to discuss today is simply that each of these indicators belongs to the same class of indicator. The RSI, the stochastic and the Williams %R are all oscillators.

An oscillator is a momentum based indicator that moves above and below a horizontal axis representing a position of neutral momentum.

Now each of these three oscillators measures momentum slightly differently. RSI measures it through comparing the magnitude of higher closes to lower closes over a set period of price bars. The stochastic measures it showing where the current close fits relative to a high/low range over a set period of price bars. The Williams %R works on the same concept as the stochastic, showing the relationship between the current close and the high/low range set over a period of price bars, however it does so through a different formula.

Basically, all are measuring the same thing. Quite likely, you've added some extra complexity to your strategy that serves no useful purpose at all.

Is there ever a need for more than one oscillator? Possibly, yes. It depends on what you're trying to achieve. You might use one for indicating oversold or overbought price areas, and a different one for indicating increasing or decreasing momentum. You might even use one indicator twice, with different parameters, to represent momentum over both a shorter and longer time period. In this case, it's fine.

However, I suspect many traders when developing their trading approach don't really think about it to this degree. I suspect most just slap an indicator on their chart for no other reason than their platform provides it, and then look through the price history to see whether it shows potential for profits.

In this case, they can probably benefit from removing any redundancy.

So, what indicator classes are there? With some exceptions, the majority will fit within one of these four classes:

1. Trend indicators, such as moving averages, directional movement or trendlines.
2. Volatility indicators, such as bollinger bands, average true range or standard deviation.
3. Oscillators such as RSI, stochastics and Williams %R.
4. Volume / Market Strength indicators, such as volume, on balance volume or money flow index.

Generally you shouldn't need more than one indicator to determine trend, one to determine volatility, one to determine momentum, and one to measure volume. In many cases, through a study of price action, you can even eliminate those single indicators and determine trend, momentum and volatility through price alone. Of course, that's not for all people.

What I encourage you to do is to look carefully at the indicators you're using. Do you have more than one indicator from any of the indicator classes? If so, is there a valid reason for it, or is it simply redundancy that has slipped unnoticed into your trading strategy? More often than not, I'd suggest your strategy could benefit from removal of that extra redundancy. Trading is one business where 'simple really is best'.

Happy trading,
Lance Beggs

Would you like to learn more about how I trade the forex and equity index markets? Check out the articles, videos and trading resources on my website right now at http://www.YourTradingCoach.com

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How is Forex Market Different From Stock Market?

As a result of global market players, the Forex market is open 24 hours a day. This can enables investors or traders to correct their positions at any time. Because of the large number of players like Banks, Institutions and Hedge Fund Managers etc, the Forex market has narrow spreads and nearly no price gaps. This lack of price gaps enables investors to count on no-slippage order execution. However do take note that in a very volatile market the likelihood for slippage do exists.

The Large volume of participants in Forex also reduces the chance for insider information or trading. Base on history, there has never been a case of complete currency collapse in a developed country. Forex volatility in the market rarely exceeds 1% per day unlike stock which can fluctuate up to 10% over one trading session.

Trading in the Forex market has the benefit of no transaction cost. Meaning forex brokers do not charge commissions. If they do it is usually relatively small. What you pay is only the bid/offer spread which can be view as transaction cost. Forex spreads can also be quite small in major currency. Unlike stock, once you buy you have to pay commission to your broker. It is usually a certain percent of the total amount of stock purchase.

Forex trading can involves in Long (buy) or Short (sell). It is just easy to take a short position as a long one. Unlike stock, there are some limitations imposed on selling short. Therefore forex trader can easily trade in a rising or falling market.

Forex trading involves leveraging too. With more buying power, you can increase you total return on investment with less cash upfront. However increasing your leverage also increase risk. E.g. With $1000 cash in a forex broker account that allows 200:1 leverage, you can easily trade up to $200,000 in estimated value.

In conclusion, Forex Trading offers a good option to make money in a 24 hours market. It provides leverage, low commission and low amount to start. There is also no insider trader to control the market. Last but not least you can also trade in a rising or falling market.

Find out more on successful forex trading at http://pickupforextrading.com

Yeo Kian Poh Pick Up Forex Trading offer a good advice on forex trading system.

Article Source: http://EzineArticles.com/?expert=Yeo_Kian_Poh

Forex Trading News - Discover How to Use it For Bigger Profits

We have better and faster news sources than ever, yet most traders fail to use the news correctly and end up losing. Here we will show you the right way to use it and how to make huge profits.

Here we will examine why you can't trade news by itself - but how you can use it to spot sentiment changes and great risk reward trades.

FACT: The News is unimportant by itself.

The news itself is not important in any financial market and that includes forex - it's how the participants as a group react to them which is important.

While all traders have the same facts to look at, they all draw different conclusions and their conclusions combined; all added up equal the price.

Markets Discount

Many traders make the mistake of trading news stories and opinions they see; what they fail to think about is - the news is instantly discounted and the market is looking forward to the future and in addition, the news reflects the greed and fear of the majority who lose.

Judging Sentiment

You can't follow news stories and trade them this is a recipe for disaster.

We know from history that markets collapse when they are most bullish and rally when they are most bullish.

Greed, Fear News and Profits

If you follow forex charts you can see the reality of price and you can also see price spikes, where the participants push prices to far away from fair value, due to greed and fear.

It is here the news is very useful.

You can see these spikes on a forex chart, they never last long and forex news can be very useful for taking a contrary trade and timing your trading signal.

Trading in a Contrary Fashion for Huge Gains

If you have news saying the market will never stop rising or falling chances, are you have climax of greed and fear. The herd will simply push prices to far from fair value.

You saw this in the recent dollar bottom as the bearish argument became totally discounted. If you believed the news, there were no problems in other countries (there were and are) oil was going to go to $200 a barrel (despite global demand falling) and the US economy would not see rate rises soon (despite the fact they indicated they would). If you sat back and looked at these facts, you would see that dollar selling was overdone - what happened next?

The dollar made a huge rally.

If you used your forex charts you would have seen the spike climax, then a collapse and made several thousand pips profit.

Will Rodgers once said, "I only believe what I read in the paper"

He was joking but traders often take what the papers say as gospel and lose.

If it were easy to follow the news and trade in the direction it recommended, far more traders would win.

The way to use news is to judge sentiment and look closely at its impact if you can do that forex news can give you some fantastic trading opportunities and profits.

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The Ultimate Forex Expert Advisor

As to leave no one outside here, I will assume that you're a complete newbie and that your first question is: What is a Forex Expert Advisor?

Okay, an Expert Advisor is an automated tool that does a lot of the forex trading work for you. Now don't get all too excited here, it won't do EVERYTHING for you, but most of it. It will show you where to enter and where to exit. Some EAs (expert advisors) can even pinpoint this to an exact. Most of the popular EAs right now is based on the Metatrader 4 platform, which is a very good thing. An mt4 expert advisor would probably be recommended by us. "Oh! Oh! I want one now! What are the best expert advisors?" Good question. We just happen to be experts on the subject :)

Now in Forex Trading, you do need to stay ahead of the pack, so to speak, if you want to be making a lot of money, and I mean - who doesn't? Right now these Automated Forex Expert Advisors are taking the forex world by storm and tons of people have gone from 'trading solo' to doing it with a partner - an expert advisor, that is.

If you're lazy like me, you always want to find something that can do the things you need to do for you, automatically and on autopilot. If you can't find anything of the like, you hire someone instead. Makes sense right?...you make all the money, something or someone else does all the work. Sounds almost too good to be true, right? Well, that's the exact point of these expert advisors! They allow some more chill time for you :) Now I did promise to give you the 'ultimate' expert advisor, and here it is: After a whole lot of testing with dozens of expert advisors, I and my team concluded that right now - the EA called Forex Funnel is indeed the best one.

Now you can out all about Forex Funnel, why it's the best one and what the alternatives are... I and the FXTX team put together an "ultimate EA resource" type thing where we list the best EA advisors on the market.

Forex Expert Advisor Reviews

So feel free to just check that out, and after that it's up to you to decide.

Expert Advisor Reviews

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