Forex Trading Methods - Get Back to the Basics!

It's hard to believe, knowing what I know now about forex that many people out there are trying to learn the most complicated forex trading methods. When I see people scour the forex forums to try every forex system that involves using a hundred indicators, I can't help but shake my head and think "that used to be me".

For the people that are in this stage of forex trading, let me ask you a couple of questions. Have any of these methods led to any profits? Do you actually understand what these indicators are telling you are you just blindly following them because that's the system?

You see, anybody can make a system with these lagging indicators like stochastic and moving averages. It's not complicated. But the thing you have to ask yourself is what do all these things mean? What does this have to market movement?

I found that it's very difficult to trade successfully any forex trading method, if I don't understand the underlying reasons for a trade. I know these magical indicators seem like the easy way out for trading forex, but it's really not. If you don't believe me, just think off all the time people waste searching for the ultimate "holy grail" indicator.

If you take the time to learn that the currency markets have patterns which are repeated constantly and can be taken advantage of, you start to see the true energy of price movement. It doesn't matter which time chart you are looking at, these patterns have something that all lagging indicators don't: The ability to forecast.

Jim Buhs has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex successfully was on a plain chart with no indicators, his profits soared.

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The Forex Killer System - Importance of a Good Trading System

The FOREX market is one of the largest markets in the world, and in turn it is very appealing for many keen investors to place their money in. The market never sleeps as it operates 24/7, all year round, and there are no regulatory authorities that oversee the market, also no individual entity has enough power to heavily influence any particular currency pair these days. The best thing about the Forex market is that there are no commissions involved, brokers make money through the spread, and also there are no middle men, that along with the fact that the Forex Market is extremely liquid makes it very appealing to all investors.

If you have ever traded the Forex Market before, or for that matter any Market, you would've realized that it is essential to obtain or create a good trading system to help guide you in the right direction. Trading the market without a good system or a predetermined plan is the number one way of setting yourself up for failure in the world of Forex, you might as well start gambling. Now getting your hands on a decent legitimate Forex trading system can be a fairly complicated task in itself, these days the market has been flooded with all different kinds of systems. Some have been thoroughly tested and are proven to work, while are others are just simple systems that you or I could've created with enough years of experience in the market.

One product that has just recently been released to the general public is a very unique system entitled Forex Killer; it has been thoroughly tested over the past few years and has proven to generate consistent positive results over the long run. The system was developed by a former currency trading advisor who worked for the Deutsche Bank, so essentially the system has been designed by professionals, who allow you to become aware of the insider perspectives on the market. The system is very easy to install and you can begin using it within a few minutes, it doesn't require any signal services, and you can also test it out on a demo account to see if it is profitable before risking your own money. Forex Killer includes training videos, and is compatible with all current trading platforms, you are also offered a lifetime of updates free of charge.

The great thing about the software is that it comes with a full 60 day money back guarantee; whenever you are looking for a trading system make sure they have some sort of a guarantee, this way you are ensured the system works and is not some cheap system developed by any youngster who is trying to rip you off. Therefore test the system out on a demo account for 2 months and if you cannot see yourself generating consistent profits, then simply return it and get your money back.

The most appealing part of The Forex Killer software is that after you purchase it, there is very little risk involved as it is a proven system, and you can set it up in a few minutes to begin practicing immediately to see if it can make you some easy money off the Forex Market. Forex Killer is a tool that if used properly it can seriously improve your overall trading results. To obtain a detailed objective review of the software check out this Forex Killer System Review, to learn how the system works and how it can benefit you as an online Forex Trader

3 Things I Learned That Made a Me a Better Forex Trader

Forex Help is Finally Here

Tired of losing money and everyone is always talking about how much money they make in the currency market? I know I was. I have been trading for quite a while now and have learned quite a bit. There was time when I thought I knew enough to trade successfully in the Forex arena but a quick loss of a large percentage of my trading capital made me humble very quickly! Fortunately I did not lose everything and I came out of it a lot stronger and over time I made good money. Here is what I learned and the lessons which will help your trading:

1. Do not be greedy. You have probably heard this before and it may not be all that sexy to talk about but it is worth acknowledging. There is NO faster way to lose your trading capital in the Forex market then getting greedy. Know before hand how many pips you are going for and why you are getting in a move. You must also know when you are getting out and no matter what STICK TO IT!

2. Ignore fear. Once you have practiced on a demo account and know what to do - do it! If you lack confidence it will kill you, period. Believe in your method and do it. I have included a link to a review site for reliable Forex software programs, these will really help any trader's confidence.

3. Have a mentor. You should trade with someone that has proven themselves in the forex market and if you cannot find a mentor then use a good software program. This is priceless ... trust me!

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Euro vs US Dollars Predictions - Where Is This Forex Pair Going?

We all know that it's difficult to predict where any currency exchange is going, not to mention the Euro Vs. Us Dollars rate since these two currencies represent the 2 biggest economic blocks in the world. However, I will try simply because I believe that there's a lot of money to be made, and lose in trading of this forex pair. Indeed, I believe that some people are going to lose their shirts in the near future.

Anyone who has followed the Forex market in the past few weeks has noticed that the us dollar has plummeted versus the Euro. In fact, the Euro has recently broken records high, and the dollar is crashing against all major currencies in the world. This is due to the financial crisis which the US is facing and which leaves a great deal of uncertainty over the markets.

What will happen between the Euro and the American Dollar?

In the past week I've heard many people say that the worst has passed, and that the dollar will now strengthen gradually. I believe this is false and that these people will lose a lot of money. As far as I can tell, the economic indicators support the continuing strengthening of the euro versus the dollar:

• The European economy has been least affected by the current crisis in the US financial sector
• The European interest is much higher than the American, and while the Fed will likely continue to lower interest rates in the near future, the European central bank shows no signs of following suit.
• We have likely not seen the last repercussion of the financial crisis in America

All of these things say one thing: The euro will become stronger Vs. the US dollar, and not the other way around. I would hold a position on the Euro. It will likely continue to make profit in months to come.

To read about the best automatic trading software, click here: Best Forex Trading Software.

John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automatic Forex Trading Systems.

Forex Killer Vs Forex Tracer

Among all forex autopilot software available in the market, Forex Killer and Forex Tracer are quite popular in terms of sales and user feedbacks. Here we plan to compare these two forex autopilots to find out which one is the best. We start with Forex Killer. The software comes at a moderate price of $89 along with a 60-day money back guarantee. It comes with the downloadable installer, which means when you click on the download button in the website after making the online payment, it gets installed in your PC. The earning potential and success rate it presents is quite good. When tested in real trading conditions with an initial sum of $200, it returned a profit of around $702.

The software offers quite a few exciting bonuses for the purchasers. The first is the Forex e-book, which you can consult for developing the basic ideas on forex trading. Forex Killer is also backed by a non-farm-payroll strategy. With every package you get an exclusive money manager applet and risk calculator. The software also claims to support other winning forex trading strategies developed by existing users of the software. The instruction on setting up and installations are quite easy to follow, and the system has the potential of earning profit, which, however may be less than Forex Tracer.

Forex Killer is said to be the only working forex signal generator. If you have this autopilot with you, you won't need any supplementary signal services anymore. For a fast changing market like forex, the accurate signals and timely delivery of those signals are both important. If you have your own exclusive forex signals you have an edge over other traders. Forex killer is capable of doing so. The software can be used by the beginners and professional traders similarly. With just $500 in your account you can start trading with Forex Killer. It has a unique dual mode. It works with any existing automated trading platform and also works as an independent program.

But when we compared the ease of operation of this software with Forex Tracer, we were not very happy. The operations took longer than usual and definitely more than Forex Tracer. The software also expects slightly higher level of learning from its user which may prove to be a bit frustrating, especially for the new investors.

Forex Tracer is a new autopilot that is catching the fancy of the forex traders quite fast. A $200 initial investment yielded $1,345.34 profit. This highly profitable system lets you earn $18,000 in less than nine days. When tested under real trading conditions, it returned greater profit than Forex Killer. This universal software can be applied on any currency pairs and can be traded from any corner of the world. The ease of operations making the program extremely appealing to the new traders. Weighing the features the software has the $97 price seems to be quite reasonable. You need not have any specialized computer skill to run the program. And, finally if you are not happy with its performance, take your money back within 60 days. There is practically no risk in buying Forex Tracer.

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