Forex Currency Day Trader

Is Forex a Scam?

Is Forex a Scam?

There are many scams out there and unfortunately many investment opportunities turn out to be scams.   Forex too has its share of scams and problems.

First and foremost you need to find a reputable broker, like eToro, or RetailFX.
You wouldn’t believe the nightmares you might otherwise go thru, from withdrawing money, to customer service, to different demo and live data feeds.  Beware.  Not all brokers are the same.  I recently put Forexyard to the test, a broker I had been quite fond of in the past.  I ran their Demo and Live Systems  side by side.  Drastically different results.  Not only that but there were times my platform would delay data by up to 15minutes without notice.  So far just B.S. and runarounds from Forexyard.   eToro and RetailFX on the other hand have had top notch customer service and their data feeds are the real deal.  I’ve been running extensive tests, side by side, using up to 6 computers to verify results.

What is Forex?

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PS:  Be sure to visit www.CurrencyConnect.ca for a special promo.  (Code 135)  Click Here

Tags: Tutorial, What is Forex?

Pip Monster Alive And Well

It’s official! My “Pip Monster” automated trading strategy is working gang busters.  Backtested it for months now and it’s consistently giving profits.  Not only that but I’ve got it running against all major currency pairs.

So far I’m taking it slow though, more testing, and only focusing on a couple currencies at a time.  Today the EURGBP currency pair is giving me some juicy profits.  I love it!

Move Over Forex Robots – Pip Monster Will Destroy You!

The last few months I’ve been working at automating signals so that I can go on with my day and get alerts via email, sms, or a loud sound alarm when marketing conditions are ripe across several currency pairs.

Other Forex Alerts, Signals, and Robots just weren’t cutting it and like anything else in life, I like having complete control and tweaking MY ideal trading environment… so a few days ago I launched my Free Forex Alerts.

Tags: Forex Alerts, forex automated trading, Forex Robots, Forex Signals, Forex System, Pip Monster

Automated Trading System Update

The last few months I have worked on a semi-automatic trading system, aka Forex Signals, that Alert me whenever there is a potential trading opportunity.  Simply because none of the signals out there really worked for me and I like to tweak my criteria. So far they’ve been running great and I’ve taken it a step further and automated entries and stops.

For the last few weeks I’ve been tweaking, writing, rewriting, analyzing, testing, tweaking some more, banging my head against the wall, and learning more than ever.  I’m happy to say that the last couple weeks I’ve had some really successful automated trading strategies run on several currencies. AND I’ve taken that a step further and expanded my automatic system to 9 currency pairs.

Tags: Automated Forex Trading, Automated Trading System, Forex Alerts, Forex Robots, Forex Signals, PIP

Trading Fundamentals

These are exciting times in the Forex Market. Whilst the world struggles with the economy, the Forex Currency Market has seen plenty of volatility.  Volatility presents “trading” opportunities.

“Don’t Seek Opportunities to Trade… Seek Opportunities to Profit!”

90% of Traders fail.  That’s good news for the 10% of traders that are making all the money.   What side of the spectrum you’re own really depends on you.  The biggest and most important principle that I want to get across is that it’s not about trading…  It’s about making profits!   Patience and a cool head are key here.

Tags: Fundamentals, Technical Analysis, Trading Plan, Trading Strategy

Why You Should Get Some Forex Trading Education

Forex trading education is something that is often overlooked when trading in the Forex marketplace nowadays. With so many automated systems to do all of the hard work for you, traders have become somewhat lazy! Indeed, there was a time not so long ago when you would have to learn all of the tricks of the trade in order to make a profit in Forex.

For many people Forex trading education may seem unnecessary. But in all honesty, it pays to know as much as you can about the market in which you are trading. If you were trying to fix a car, for example, you would need certain knowledge in order to be able to do it effectively. In reality the same goes for any trading, even Forex trading.

Tags: business, Currency Exchange, currency exchange trading, currency trading, finance, foreign currency trading, foreign exchange, foreign exchange trading, forex education, forex trading, forex training, forex training course, investing, investment, trading

Forex Training At Work

A lot of people, probably including yourself, want to find ways to earn money, and to earn it big. From finding good jobs with good pay, or maybe even jugging two or three jobs a week, to setting up small businesses or enterprises. With the current economic recession, this is highly understandable. Rightly so, a lot of people have engaged into the rather unique and fast-earning, albeit risky, business venture of Forex Trading. In the world of Foreign Exchange trading, the risks are great, but the opportunity, along with the actual earnings are even greater.

Tags: currency trading, forex education, forex market training, forex trader training, forex trading training, forex training, forex training course, forex training courses, forex training software, forex training video, Free Forex Training

Currency Trading Tutorial: How To Get Started

You have no doubt heard of traders making a full-time living out of currency (forex) trading. The concept sounds rather involved, and many people are not even sure how to get started. In this introductory currency trading tutorial, we will try to answer a couple of frequently asked questions.

What is currency trading? This simply involves the buying and selling of foreign exchange, in other words currencies of other countries.

Why would someone choose forex trading as a career? The answer is not difficult: if you know what you are doing, you can make good money from currency trading. Traders very often double their money in a matter of a few hours. Of course they often lose a lot of money in a short time as well.

Tags: business, currency trading, finance, forex training, forex training course, forex tutorial, investment, slippage

Less Efforts and More Money With Forex Margin Trading

Margin trading in Forex is a manner of using leverage in order to boost the buying supremacy of your cash. Leverage only means using a tiny figure to manage a much bigger amount. This is viable for it is unlikely the cost of a currency will change by more then a specific portion over a while. So you are able to put one or two 100 US dollars in your brokerage trading account so that you can buy and sell on the margin – the total amount that you believe the purchase price may fall. Your own trading negotiator will in effect loan you with the balance.

Tags: business, currency trading, Day Trading, finance, Forex Links, forex trading, forex trading course, forex trading robot, Leverage, Margin, money, stock market, stock trading, stock trading software