One of the dirty little secrets in the forex market over the last few years has been the huge growth in so-called “robot” trading – Robots are nothing more than automated programs that work off of fancy mathematics based on historical market patterns.
But there’s a real problem with Robots: They don’t work.
Oh, you’ll hear all the fancy talk about how so-and-so turned $10,000 into $ 150,476 in just seven days…
…but it isn’t true. It’s hype and it’s based on ‘hypothetical’ historical trading.
Fact: Most forex traders who use forex robots LOSE MONEY. Read more... (352 words, estimated 1:24 mins reading time)
This is a preview of
Forex Robots, The Great Debate: To Automate or Not Automate your Forex Trading
.
Read the full post (352 words, estimated 1:24 mins reading time)
Our research and surveys have confirmed too many new, inexperienced forex traders simply do not know how to manage risk in each trade. All too often, the result is the same: they wipe out their accounts.
This is what we find is happening. Forex has grown in popularity so quickly that many traders who are new to forex trading have just waded into the waters, opened an account and have begun putting on trades without any real thought or planning to how to approach trading. Read more... (379 words, 1 image, estimated 1:31 mins reading time)
This is a preview of
Learning to trade Forex – Learn To Trade It THIS way…
.
Read the full post (379 words, 1 image, estimated 1:31 mins reading time)
Forex trading takes place through major banks, market makers, and brokerage hourses around the world, who together create a marketplace for trading currencies on a near 24/7 basis.
The Forex market is always “open”; it’s the 7-Eleven of the trading world and is the largest financial network in the world with daily average turnover totaling trillions of dolaars.
It is also a growing market, as more traders turn to foreign currency trading and away from stocks. Read more... (583 words, estimated 2:20 mins reading time)
