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Which Forex System Gets You Rich Faster? Automated Forex Trading or Manual Trading?

Sep 14

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What is the hoo-ha with forex trading?

The debate on automated forex trading vs manual trading has raged on for decades. Both camps have built up in forces over the decades, with neither side willing to budge. What people really want to know is this, “Which forex trading system makes you more money?”

What differentiates a successful trader from an unsuccessful one lies not in the forex trading system, nor the amount of capital one starts off with, but mental factors and discipline. A successful manual forex trader trades by his system religiously, even when the going gets tough. He knows that there is nothing to change in his system, for in the long run he will surely be profitable because he has tested and fine-tuned his system.

On the other hand, when a trader suffers a loss, there is a very high tendency to lose confidence in his forex trading system. This is especially so when the trader lacks the patience and confidence needed to “perfect” his system, and he starts trading based on emotions and not with his mind. This is called emotional trading. Emotional trading is what every trader MUST AVOID at all cost. The consequences are as disastrous as cheating on your wife. All it takes is one moment of folly of not cutting losses early, letting them pile up, and the next thing you realise your account is wiped out. Most forex traders, no matter how experienced, have been burnt like this at least once in their lifetime.

What an automated forex trading system does is precisely to remove this factor of emotions, and to take away the hassle of having to monitor your trades constantly all day long. But some people just don’t trust their money being in the hands of an automated forex trading system. This is understandable.

The fact is, many of these systems are back-tested and tested live to be highly profitable. Many large global investment companies use these systems to great success, even in times of economic turmoil. The key here is to be able to filter out these highly profitable automated forex trading systems among the many scams out there.

Once you get your hands on one of these gems, your financial freedom is set.

Charles Lum is an avid forex trader who enjoys a cup of iced lemon tea every now and then. Visit his site today at http://www.fapforex.wordpress.com to become a highly competent trader FAST in the field of forex trading.

Charles Lum is an avid forex trader who enjoy a cup of iced lemon tea every now and then.

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Use Automated Forex Trading Systems For Faster Trading

Sep 11

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The concept of automated Forex trading system is mind-catching.
Before the automation of the Forex market, exchange-traded futures market was the first to switch on automation. Then, the traders on the Interbank spot FX market decided to catch up with the latest trend and moved too to the new system.
Automated Forex trading system enables traders to execute their trade on spot Forex market automatically and anytime of the day, based on existing technical indicators and custom trading rules. There are various features included in the automated trading system, such as:
? Automatic trailing stops especially if the trader is losing in a particular trade position;
? Account equity management;
? Stop and/or limit orders;
? Discretionary market orders; and
? Various technical analysis indicators within your discretion for enabling trend-following systems.
Automated Forex trading systems supports most of the following indicators (the technical support will depend on the technology used as well as the available features of the system):
? WMA (weighted moving average);
? EMA (exponential moving average);
? SMA (simple moving average);
? VMA (variable moving average);
? TMA (triangular moving average);
? TSMA (time series moving average);
? WATR (wilder’s average true range);
? VHF (vertical horizontal filter);
? Standard deviation;
? Trailing stops;
? Mass index;
? Fixed limits and stops, and others.
The success of the automation process to the Forex market is attributed to several factors, such as the following:
? Its ability to perform or execute trades in real time. Because of the automation, a trader can close trades within a few milliseconds. It is impossible in manual systems, as previous trades are normally closed after several hours. In addition, there are also instances wherein a trader incurs several losses in a row that prevents him from making any fresh transactions. Thus, with automated Forex trading system, this problem could be avoided.
? Its ability to greater diversification. With automated trading system now in place, a trader can trade in various local as well as international markets within varying time zones. In other words, you can place trade or close deals with different traders from various markets around the world even at the middle of the night.
? Its ability to analyze short-term data. This feature is not available in manual trading system. Thus, traders using automated system have the bigger advantage since they can predict market trends in less than an hour.
If you will consolidate the features as well as the benefits of automated Forex trading system, it will give you a solid conclusion: with the Forex market on automation, you will be able to place more trades on a single day, thus increasing the average volume trades daily.
To further clarify the conclusion. Let us take the following scenario: If you are trading using the manual system, you will notice that it takes time before a trader confirms if he will accept your deal or not. He will look on the market condition first as well as the exchange rate of the currencies that you are trading with. Thus, if it takes time before a transaction will be finalized; there would be fewer trade volumes.
Now, if you are using the automated Forex trading system, the evaluation of exchange rates and market conditions could be done within a few minutes, since Forex data are now updated in real time. Probably after less than an hour, you will be able to take your position whether you will push through the deal or not.
If a Forex transaction per trader is averaging within an hour, a single trader can place as much as 8 trades within the regular trading hours (if he is following the day trading schedule) and additional trades beyond the regular trading hours. There are thousands of traders in just a single market who can place such average number of trade per day. Combining it with the number of Forex markets around the world, the figure is just huge enough.
In addition, the technology is changing continuously, thus there is a tendency that the average number of trades per day will increase, thus a possibility of increased trade volumes on daily basis. With faster trade execution, that is a certain possibility.
Be thankful, the Forex market is now at the helm of automation. Transactions are now faster, and earning money through Forex trading is now easier.

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Automated Forex Trading: Clever Profit Making Technology

Sep 8

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Why Forex trading?
This is probably one of the questions that you need a reasonable answer. There are hundreds of investments out there that you can prefer, but why go trading foreign currencies instead?
Forex investment is unique in various aspects.
Its trading volume is relatively huge compared to other market.
It has extreme liquidity or the capability of either buying or selling the currency without causing significant movement in the market price.
It has the largest number and variety of traders.
It is one of the markets that have long trading hours (24 hours each day, except during weekends.
Trading locations are almost everywhere, not just in the United States or major cities of Europe.
There are different factors that affect foreign exchange rate.
Another whooping fact that will make you excited to go on Forex trading: it has an average turnover in traditional foreign exchange market of around $1.88 trillion daily, according to the Triennial Central Bank Survey of the BIS (Bank for International Settlements). Here are the daily averages of turnover on the Forex market for the last 17 years:
$500 billion (April 1989)
$750 billion (April 1992)
$1.18 trillion (April 1995)
$1.48 trillion (April 1998)
$1.16 trillion (April 2001)
$1.88 trillion (April 2004)
From the figures alone, you will notice that the average trend of Forex turnover is increasing. It is estimated to reach as high as 2 to 3 trillion dollars within the next 8 to 10 years, if the number of traders around the world will continue to increase. As a matter of fact, everyone have the chance of getting a substantial slice of the Forex market wealth pie, especially that the Forex trading marketing is now on its automation process.
The concept of automation becomes the new trend to the foreign exchange trading market. The Interbank spot Forex market has also considered switching to the automated method as well.
There are several benefits that a Forex trader can derive from automated Forex trading. Here are some of such benefits and figure out why Forex trading as well as other investments (futures and commodities) prefer the automated process.
Through automated process, transactions can now be done in real time. Although manual systems have existed for quite some time now, it is difficult to achieve such benefit that the automated Forex system can offer to its traders. All of the trades can happen within a few milliseconds and can be a big plus for automated transactions against the manual system. In fact, there are problems that are addressed using automated Forex trading especially if the trader is losing a few times in a row that prevents him from making new trades. Such problem could be addressed using the automatic trading system.
With automated Forex trading, you will have a greater diversification. It means that you can trade in various markets in different time zones at a time. You can execute trades with traders from Singapore or London even it is already 12 midnight in the United States. This benefit allows you a multiple exchange model option. You can use varying trading models to evaluate short-term data. This means that you will be able to predict the trend for a shorter period of time, let us say from fifteen minutes to half an hour.
As previously mentioned, the Forex market is unique because of its extreme liquidity. This liquidity is increased when the market goes automated.
Risk management problems are solved through automated Forex trading. International checks, which are commonly used in making purchases on Forex market, are synchronized through automated technology. Since the transaction in an automated process is now on real time, there is a slim chance that the payments will be delayed, reducing the risk of non-payment by either parties. Although there are problems noted with the use of the automated system, it can be fixed through consistently-updated technologies.
With automated Forex trading market, the prediction of $2-3 trillion average daily turnover within the nest 8 to 10 years can be changed within the next 4 to 5 years. Given the quick yet efficient trades on varying time zones, automated Forex trading will now be among the existing lucrative business around the world.

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Automated Forex Trading – Is this How to Lose Your Money Fast?

Sep 6

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If there is one thing that the Automated Forex Trading systems have in common, it’s that they usually lose money, despite the claims they can make you seriously wealthy with little or no effort.   Too many people think they can simply sit back after paying their money and they will make vast sums of money on autopilot, while they relax and do nothing.   Is this fantasy or reality?Well, what if it was true?   What if there was a system out there that could actually make a decent living for an investor, and that worked automatically, 24 hours a day?   You will probably say: “yes, I have seen the track records of how these Automated Forex Trading robots perform”.   Well, you probably have, but what you usually see is simulations going backwards, over the last 2-3 or more years.   This is great since they know the closing prices or figures that are provided.   Lets face it, if you really could make more money than the world’s top fund managers do with no effort, wouldn’t the whole world be trading in forex and not working!BUT, there is one product that has stood out.   Three guys, all from a technical background, decided to go into this complex world of forex trading.   Firstly, they got a hold of, and tested every single Forex robot, strategy, method, idea or piece of idea that they could find between the 3 of them.   Well, they found that 99% of what they studied was rubbish!   However, they learned a lot: for instance they found that even the “Good” Automated Forex Trading robots that they tested worked well ONLY in backtests!   Once they live traded with them they all lost money!They did, however, find one that consistently made money, and to cut a long story short, after some negotiating with the owner, they got to work and came up with FAP Turbo!   The result: profits in every market condition with a minimum risk and an astonishing 90%-95% of winning trades.   You have to see it to believe it.This FAP Turbo system is by far the easiest tool to make money online because it really is automatic.   The process is as simple as installing FAP Turbo on you computer in under 5 minutes with no special configuration; you just have to click, fire it up, go to have some rest or sleep and see the cash.   It’s really is that simple – you do not miss a single profitable trade even if you are not present in front of your PC or Mac.

John McCarter is an independent product reviewer. Learn more about how you can make money online using an automated forex trading robot by visiting Automated Forex Trading here.

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Automated Forex Trading System – This One Works and Its Free and Made Millions

Aug 26

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Enclosed you will find a simple highly profitable free automated Forex trading system that savvy traders have used for several decades, to make big gains with and you can too… You can of course buy one of the numerous junk robots which come with paper back tests, they have never made any real long term gains and the simulated made up track records never repeat – this one is the real deal and made money so lets look at it. Its simplicity itself and only has one rule which is outlined below.When prices hit a new 4 week high, buy and go long. Hold the position, until a new 4 week low is made take out the long and reverse short. Keep buying and selling new 4 week highs and lows and always have an open position. This rule is objective, simple and all you do is follow it and while it may seem too simple to work the logic it’s based on is sound. Take a look at any Forex chart and you will see long term trends that go on for many weeks or months and you will also notice that most of these trends start and continue from breaks to new highs or lows. In essence the above is a simple, robust breakout system which will give you a good chunk of the big trends and of course big profits. When markets don’t trend, it will of course lose for periods of time and you can ride them out or, you can put a filter in and have a closer stop – i.e. exit on a 1 or 2 week high or low, then wait for the next 4 week signal to re-enter. Either way, it will work long term but the filter will smooth the equity curve. This system was devised by Richard Donchian who is considered one of the true trading greats, it’s has been used by many traders over the years and it will always work long term, because Forex markets always trend. Most traders won’t use it though and the reasons are: 1.It doesn’t have hyped copy or an aggressive name that indicates easy profits 2.It doesn’t try and pick tops or bottoms and predict and while this is impossible, most traders like to try!3. It’s not based on any complex algorithm and despite the fact that Forex is simple and simple systems work best, traders like complexity.4. It holds long term trends and most traders have problems doing this, despite the fact it’s the way to make money. This system works though and for the trader who isn’t looking to beat the market and wants to make solid gains, in around 30 minutes a day its ideal. So take a look at the 4 Week Rule, its left to us by a true trading great and its free, so you have everything to gain and nothing to lose, by looking at this great automated Forex Trading system which has made great gains and will continue to do so.

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