Showing posts with label forex software. Show all posts
Showing posts with label forex software. Show all posts
Which automated FOREX trading software is most powerful? anybody try before?comments?
Posted by Ryanita
on
Thursday, April 10, 2014
, under
forex software
|
comments (0)
Centurion8
Answer
Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It is drawing attention ever since it is open to Online trading. Forex trading can be very profitable if you take your time to do a proper research, understanding various options and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs.
There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system.
1. Testimonials: Is there anyone out there who is trying to sell a system and show you testimonials from the people who actually didn't like the system? Highly unlikely. You should do proper research before indulging into a system that is completely new to you.
2. Profit: Do you want to work with a Forex Trading system that breaks even? Why? If you keep the money in your home, you will still break even, then why take all the hassles of setting up an Forex Trading account and do all the work. Really speaking, you should always do some research on how profitable a particular trading system is?
3. Drawdown: The maximum drawdown of trading system is defined as the greatest peak-to-valley drawdown in a trading systemâs equity. Maximum drawdown gives us a measure of the survivability of the trading system.
4. Time to profit: The actual time it takes to achieve the results with a particular trading system. You should plan to have a long and profitable relationship with your trading system.
Try to use a trading system that let you open a Demo account so that you can practice and learn about Forex Trading without risking any money.
I have tried many of these systems in my quest to simplify my trading experience. I personally have found FreedomRocks to be the system that has worked for me. I have found no bad information on this system from anybody that has actually used it. I have found many skeptics and bashers but nothing from those that have actually tried at least the free trial they offer.
Below are a couple of links I have found in my travels around the web:
http://www.yourforexinvestor.com
http://www.babypips.com
Sincerely,
Brandon Wells
Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It is drawing attention ever since it is open to Online trading. Forex trading can be very profitable if you take your time to do a proper research, understanding various options and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs.
There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system.
1. Testimonials: Is there anyone out there who is trying to sell a system and show you testimonials from the people who actually didn't like the system? Highly unlikely. You should do proper research before indulging into a system that is completely new to you.
2. Profit: Do you want to work with a Forex Trading system that breaks even? Why? If you keep the money in your home, you will still break even, then why take all the hassles of setting up an Forex Trading account and do all the work. Really speaking, you should always do some research on how profitable a particular trading system is?
3. Drawdown: The maximum drawdown of trading system is defined as the greatest peak-to-valley drawdown in a trading systemâs equity. Maximum drawdown gives us a measure of the survivability of the trading system.
4. Time to profit: The actual time it takes to achieve the results with a particular trading system. You should plan to have a long and profitable relationship with your trading system.
Try to use a trading system that let you open a Demo account so that you can practice and learn about Forex Trading without risking any money.
I have tried many of these systems in my quest to simplify my trading experience. I personally have found FreedomRocks to be the system that has worked for me. I have found no bad information on this system from anybody that has actually used it. I have found many skeptics and bashers but nothing from those that have actually tried at least the free trial they offer.
Below are a couple of links I have found in my travels around the web:
http://www.yourforexinvestor.com
http://www.babypips.com
Sincerely,
Brandon Wells
can anyone explain about forex signal software?
Q.
Answer
All forex software and tips are junk.
Use common sense. If someone had reliable and profitable forex signals, what would they do? It would be worth $millions. They would be using the signals to trade profitably. They would not be trying to sell it to you for small amounts.
Educate yourself instead of wasting your time with scams like forex robots, intraday tips, and penny stocks.
EDIT: Do not assume that profitable demo trading will lead you to real life profits. Real life is far more challenging.
All forex software and tips are junk.
Use common sense. If someone had reliable and profitable forex signals, what would they do? It would be worth $millions. They would be using the signals to trade profitably. They would not be trying to sell it to you for small amounts.
Educate yourself instead of wasting your time with scams like forex robots, intraday tips, and penny stocks.
EDIT: Do not assume that profitable demo trading will lead you to real life profits. Real life is far more challenging.
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Forex robot software?
Posted by Ryanita
on
Tuesday, February 11, 2014
, under
forex software
|
comments (0)
Mikey
There are some Forex robot software programs and some people say that you can earn more using them. Could you tell me something about it? How does it work? Is it real? I understand that there is no miracle about it but still, I wanna know more about it.
And for guys who sell these programs, please, do not post links to places where I can buy it.
Answer
I wrote this articles a couple weeks ago and I think it answers your question perfectly. Sorry that it is so long:
"You have probably heard of Automated Forex Trading. The claims of a Forex computer program making you thousands each day without having to even lift a finger. Is it too good to be true? Does a system like this actually exist. The answer isn't as simple as 'Yes' or 'No' - the answer is "it depends". Ok, so "it depends" doesn't work for you. I get it. You want to know, what is the hype all about? Let me tell you.
When you see a company advertising an "Automated Forex Trading" system they are most likely advertising an "expert advisor". An "expert advisor" is a program, written by a Forex trader, to execute trades on the Metatrader Forex trade platform according to certain trade rules established by the trader.
Most traders use these "expert advisors" but to varying degrees. One of the partners in our group programs expert advisors for our company. We use our expert advisors to manage trade algorithms that require faster than human calculations. Some traders use them to manage 100% of their trading activity while others may only use them to enter trades or may not use them at all. These expert advisors provide a huge advantage by turning some of the more difficult aspects of trading over to a computer that can calculate and process much faster than a human ever could dream of.
There are problems with automated Forex trading though. The most obvious being that computers have glitches and technology is never perfect. Turning your hard earned money over to a computer to manage is a scary thought. Also, there can often exist bugs in the code of an expert advisor that can only be discovered by trading the program. If the person selling the expert advisor has not done sufficient testing to establish the problems you may be left with an expensive error.
The claim made by the promoters of automated trading systems that you never have to do anything other than "turn it on" is misleading and reckless to say the least. Forex markets are ALWAYS changing and a Forex Trading System that worked yesterday may require adjustments to be profitable today. Expert advisors have built in options to allow you to adjust these trade parameters to meet the changing markets. But what happens if the purchaser of an automated trading program doesn't understand what moves the Forex market or why a specific expert advisor works in the first place.
If you are considering buying an automated Forex trading program but have never traded Forex, DON'T. You will lose your money. However, if you understand what moves the Forex market and know how to trade on your own without a computer program - an automated Forex trading program can be a valuable tool in your trading arsenal."
I wrote this articles a couple weeks ago and I think it answers your question perfectly. Sorry that it is so long:
"You have probably heard of Automated Forex Trading. The claims of a Forex computer program making you thousands each day without having to even lift a finger. Is it too good to be true? Does a system like this actually exist. The answer isn't as simple as 'Yes' or 'No' - the answer is "it depends". Ok, so "it depends" doesn't work for you. I get it. You want to know, what is the hype all about? Let me tell you.
When you see a company advertising an "Automated Forex Trading" system they are most likely advertising an "expert advisor". An "expert advisor" is a program, written by a Forex trader, to execute trades on the Metatrader Forex trade platform according to certain trade rules established by the trader.
Most traders use these "expert advisors" but to varying degrees. One of the partners in our group programs expert advisors for our company. We use our expert advisors to manage trade algorithms that require faster than human calculations. Some traders use them to manage 100% of their trading activity while others may only use them to enter trades or may not use them at all. These expert advisors provide a huge advantage by turning some of the more difficult aspects of trading over to a computer that can calculate and process much faster than a human ever could dream of.
There are problems with automated Forex trading though. The most obvious being that computers have glitches and technology is never perfect. Turning your hard earned money over to a computer to manage is a scary thought. Also, there can often exist bugs in the code of an expert advisor that can only be discovered by trading the program. If the person selling the expert advisor has not done sufficient testing to establish the problems you may be left with an expensive error.
The claim made by the promoters of automated trading systems that you never have to do anything other than "turn it on" is misleading and reckless to say the least. Forex markets are ALWAYS changing and a Forex Trading System that worked yesterday may require adjustments to be profitable today. Expert advisors have built in options to allow you to adjust these trade parameters to meet the changing markets. But what happens if the purchaser of an automated trading program doesn't understand what moves the Forex market or why a specific expert advisor works in the first place.
If you are considering buying an automated Forex trading program but have never traded Forex, DON'T. You will lose your money. However, if you understand what moves the Forex market and know how to trade on your own without a computer program - an automated Forex trading program can be a valuable tool in your trading arsenal."
Metatrader Expert Advisors - Which Forex Software Complements Metatrader 4?
Bryan W
Answer
Forex Tracer is among the better Metatrader expert advisors out there. It complements Metatrader 4 on every front, mining, analyzing and reporting on profitable spreads from the 24 hour forex market.
I've been in the Asia Pacific forex markets for over 8 years and the Forex Tracer + MetaTrader 4 combination works best in the current market scenario.
Forex Tracer is among the better Metatrader expert advisors out there. It complements Metatrader 4 on every front, mining, analyzing and reporting on profitable spreads from the 24 hour forex market.
I've been in the Asia Pacific forex markets for over 8 years and the Forex Tracer + MetaTrader 4 combination works best in the current market scenario.
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