Archiv

Archive for the ‘forex trading’ Category

Forex today: An Educational Guide for Beginners

30. August 2010 3 Kommentare

New in the Forex market? This market may sound really complicated and scary to tackle but it’s not. Just like in any kinds of trade, you make money when you buy low and sell high. Forex trading is simply trading currencies in the Forex market.

Forex is the largest financial market in the world. It generates trillions of dollars of currency exchanges everyday and it operates 24 hours a day and seven days a week therefore, also making it the most liquid market in the world.

In the world of Forex, trading in this very liquid market is very unique compared to other financial market like stocks. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade in Forex whenever you want regardless of the local time.

In the past, Forex trading was only offered to large financial institutions, like banks. And, it was also only offered to large companies, multi-national corporations and large currency dealers. This is because of the large and extremely strict financial requirements the Forex market imposed. This means that individual traders and small businesses are not able to participate in this liquid market.

However, in the late 90s, Forex was made available to individual traders and small businesses. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the Forex market and have become one of the best make money at home businesses.

Forex trading is getting more and more popular each day. Besides, who wouldn’t want to trade in the largest and the most liquid financial market in the world? Trading in Forex will certainly give you the opportunity to earn a lot of money. However, trading in this ever liquid market also has its risk. It is a fact that many people who traded in Forex lost a substantial amount of money and some of these people are seasoned traders.

This is why it is very important for you, as a beginner trader in the Forex market, to have the proper knowledge and education on how to trade in the Forex market. Firstly, there are hundreds or even thousands of available websites in the internet that offers Forex education. Some of these websites offer dummy Forex trading where you can practice trading in the Forex market using dummy money.

These programs will really take you closer to actually trading in Forex. Many experts say that you’ll never really understand how Forex really works until you traded in the market. So, if you want to learn how to trade Forex, you may want to sign up for a dummy account that numerous Forex trading websites offer.

With a dummy account, you can trade Forex by not using real money at all. With this program you can practice your knowledge and skills in trading in the Forex market and not waste money.

To get started in trading in this market, all you need is a computer with a high speed internet connection, a funded Forex account, and a trading system. These three simple things are enough to get you started in Forex trading.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading. In most Forex trading systems, Forex charts are there to assist you with your trades. Forex charts are a visual representation of the exchange rates of currencies. This is where you will mostly base your decisions to buy and sell currencies. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Each Forex chart is different although they represent the same fluctuations. For example, in the daily Forex chart, you can evaluate market trends in the past 24 hours to help you make decisions on the next 24 hours of trading. In the hourly chart, you can use this chart to spot trends within the day. And, in the 15 minute chart, where it can help you recent currency fluctuations in a 15 minute interval to help you decide on which currency to buy and sell. Sometimes, there are 5 minute chart available to better help you get closer to the action.

These are the basics on how to trade in the Forex market. Always remember that aside from the promising earning potential that you can have in the Forex market, there are also underlying risks that you have to consider. It is therefore wise to trade in this market with a proper investment plan and strategy. If you are just starting out to trade in Forex, consider opening a dummy account to help you practice trading Forex without risking money.
Michael Karl, Forex Trader

http://singledad.de

Where to Get Educated in Forex Trading

25. August 2010 1 Kommentar

Forex or Foreign Exchange is the most liquid and the largest financial market in the world. Unlike other financial market, the Forex market doesn’t have a centralized location. Exchanges are done through electronic network and the whole world participates in the trade.

Forex trading involves buying and selling of different currencies. As with most trades, to make a profit in Forex, you need to buy low and sell high. Forex isn’t really complicated. However, there are things that you need to consider in order to successfully make some profit out of this very liquid financial market.

Forex trading can really give you a chance to earn large amounts of money. In fact, people who traded in Forex became instant millionaires almost overnight. However, you need to realize the fact that aside from the earning potential you can get when trading Forex, there are also risks involved and many people suffered huge financial losses trading in Forex.

This is why it is important for you to get an education on Forex trading. You have to get a proper education and not just a crash-course-read-articles kind of education.

In most business schools in the United States, there are courses that specialize in trading in the financial market such as Forex. These schools can really give you that proper skills and knowledge you need in order for you to successfully trade in the Forex market. Not only that. Getting a proper education from good business schools about Forex prepare you when you enter the Forex market to trade.

A good Forex trading school will educate you on how to read charts effectively and how to spot trends. Since knowing how to read the Forex market charts can give you an idea on where a particular currency is heading, you will have an idea on which currency you want to buy and sell. Knowing how to read the charts is one of the most important skills you need to have when you enter the Forex market. This skill will substantially minimize the risk of losing money and maximize the chances of earning.

As much as possible, you should look for a school that offer real-time trading with dummy accounts and real accounts. Since the best teacher is experience, schools should require you, as their students, to set up dummy accounts for practice and also real funded accounts to trade currencies in the actual Forex market. However, the real funded accounts should be in mini Forex accounts to avoid risking and losing a lot of money in case you made a mistake in the trades.

Another benefit that you can gain if you trade in real or dummy accounts for practice is experience. Once you enter the Forex market, you will have a better idea on how Forex markets work. The school should also have different trading systems to allow you to choose which trading system you are most comfortable with. Also, you will get a first hand feel on how to use these systems and avoid making mistakes in the real world.

Since trading Forex today is widely available for all kinds of people with a computer and an active internet connection. Most people don’t realize that Forex requires you to have skills and considerably, a high amount of money to invest. Forex doesn’t guarantee that everyone will win; you should know that Forex is a very risky financial market to invest in and having the proper knowledge and skills is essential for your success in trading in the Forex market.

You should know about the risks involved in Forex and you should also know that many people have suffered financially because they entered the Forex market without having the knowledge and skills required to be successful. Therefore, it is very important for you to get the proper education first before you enter the Forex market.

Always remember, with the proper knowledge about trading Forex, the better your chances will be to profit in this financial market.

There are different schools available that teaches all about the basics in Forex and allow you to experience trading in Forex with a trial account. Look for the things mentioned above and you can be sure that you will obtain all the things you need in order to start trading in the Forex market.

Michael Karl, Forex Trader

http://singledad.de

Analyzing the Forex market to your advantage

It has been said by many experienced traders that Forex is a more volatile market than any of the available options. The theory goes that it is difficult enough to judge a single company’s value at a given time and in the future, just imagine how hard it is to do the same thing with a whole country. This philosophy takes the point of view that analyzing the Forex market relies on careful reading over a period of time. Some knowledge of world affairs is also advantageous, as it allows you to be aware in advance of the timing of important announcements which can cause market volatility.

Others will treat the Forex market exactly like they would treat any other stock market, and take a more technical approach to analyzing their next step. This is not as simple a process in Forex as it is in the stock market, as the Forex is a 24-hour market, and the data-gathering systems require some modification to work effectively on Forex. Nonetheless, where these methods of technical analysis have been correctly applied, they have proved to be an effective way of making a profit on the Forex market just as their original forms proved on other markets.

While the first method is more of a global, evidence-based approach and the second tends towards techniques and patterns, both have been proven to be successful if correctly applied. It is highly advisable, though, to recognise which one to apply at a given time, as confusion can easily arise around what exactly the data tells you. Pick the method that you require and use the other to supplement it. That is the only way you can confidently operate in the long term.

Michael Karl

http://forextrader.singledad.de

Effective Advices for Forex Trading Beginners

Not all people are familiar with forex trading. In fact, most people think that when you talk about forex trading, it has something to do with stocks or bonds. But forex trading is different from stocks or bonds. It involves the trading of currency pairs.

Currencies are traded in pairs, and you can’t find a particular currency without a pair. The major currencies being traded are chosen above the rest because they are stable and have a greater value than other foreign currencies.

Every time a new comer arrives in the market, the very first ones to take notice of them are what you call frauds. That is why, if you’re new in forex trading, you need to take some advice. It doesn’t hurt to ask for advice from the ones who are already engaged in forex trading. In fact, you can make use of their advice for your own good, and even to your advantage.

Since forex trading is globally available, it is not surprising if there are frauds that are able to infiltrate the financial market. To safeguard people from these frauds, they must be made aware of these growing fact, so that they will be able to protect their trading career.

The opportunities that forex trading provides for different individuals, firms, and organizations is growing rapidly every year. And accompanying this growth is the widespread growth of different scams related with forex trading. But you should not worry because there are a lot of legitimate companies or firms that can help you in forex trading.

The best thing to do is to find these legitimate companies to stay away from fraudulent ones. However, most new traders fall prey to these scammers because of their savory offers.

A piece of advice: stay away from companies or firms which advertise high profits for minimal risks. In today’s financial market, if you want to earn high profits, then you are likely subjected to high risks as well. These things always go together.

Always stay on the safe side. If you’re looking for a forex trading broker, and of course, each broker is part of a certain company, make sure that you select a government registered company. In signing any contract with them, double check if they are registered or certified brokers. This is a good step to undertake in order to prevent any misfortune that you might encounter in the future.

The job of reducing the risk is entirely yours, not that of the broker; so if the company offers or promises little risks, guaranteed profits, and the like, that is a sure sign that they are there to make a fool out of you.

Professional trader or not, a little use of the common sense can go a long way.

Before doing any forex trade, do your homework. Research all the necessary details about trading. Ever heard of inter-bank market? Stay away from companies which lure you into trading in the inter-bank market because the currency transactions are negotiated in a wobbly network of large companies and financial institutions.

If a certain company does not disclose any information about their background, that should serve as a red flag. It means that you should continue doing transactions with them. Nor is it advisable to transfer/send cash through the mail or the internet. Practice caution in everything you do, and you’ll be more than sure that you are always safe.

Fraudelent companies often solicit services and advertise soaring pressure tactics to attract you in participating or joining their services. Offshore companies which guarantees no risk and return of profit is a big no. Always be skeptical and don’t jump in to any instant offer that comes your way.

You can decide for yourself. After all these pieces of advice, it will still depend entirely on you whether you will apply it or not. You are the one who will be subject to fraudulent individuals or companies. If you want to protect your forex trading career, carefully consider these things.

With patience and a little diligence, you can expect for a successful forex trading career. These frauds which abound in the financial market will not succeed if only people are alert and skeptical.

See my free Ebook “ Insider Guide to Forex Trading “ at: http://forextrader.singledad.de

The Risks Of A Forex Robot

1. August 2010 2 Kommentare

Who does not want to have some share with the $3 trillion market turnover that the Forex market gets everyday?  If you are one of those newcomers who are learning how to be a part of the Forex trading market and having difficulty to cope with it, you would also receive a lot of talk about getting a Forex trading robot to help you with your trade.

We have hear how good this system is and how a lot of people have gained a lot from using it.  But how good is it, really?  Could it just be too perfect that we do not want to worry about anything.  Contradictory to what most people think, Forex robots would also have downsides.

What are these negative effects?

• Heavy reliance on your equipment

A Forex robot is there to help you not to completely take over for you.  A common mistake made by traders is let automated trading programs do the work for them and never ever put even small manual trading. This can turn into a trading disaster in the long run.

If you rely too much on your equipment, what would you do if your computer crashes or you robot encountered problems?  Would this be the end for your trading career? Having sufficient knowledge in doing trade manually could save it, making it really essential if you wanted to succeed in Forex trade.

Another thing is that most traders that use automated trading system would just leave their equipment alone.  Automated trading system, specifically, Forex robots have the feature called optimization.  This would allow traders to check on previous trades and determine how trades have been won in the past.  This would allow your system to improve its program.  But, there would be times when the optimization process would be too much.  It could keep improving its system until it sees that there are no losses on the data.  But this could buy time and can even lose transactions in the end.

• Believing its magic

There is no such thing as a perfect system.  There are some Forex robot systems that say that they have zero losses under their belt.  Systems that claim this could happen aer actually losing their account.  There are experts who say that system like this could actually earn a break-even after 20 years!

So, just the same with the first point, even if there are Forex robots that claim to have as much as 95 to 100 percent gain, relying on them too much and letting them do the trading without the trader getting involved could lead to disaster.  But traders would have to dig deeper to understand that, actually, their account could end up dipping as much as 75 to 80 percent.  Eventually, this could entirely deplete their account.

• Alert signs

Some Forex robots would use bad money management strategies, like stop loss could be larger that the target.  Others would not have any trading strategy at all!  Some would not allow backtest, which is something that traders should be conscious about.

Bottom line is that no automated trading system could make you rich by millions overnight or in weeks.   The Forex market is unpredictable and could be exciting.  But to succeed in this field, miracle-workers like automated trading system is not the answer.  Of course, it could help or provide the necessary support in Forex trading.  But still, a good trading mindset and skill could take you to a long way.

http://forextrader.singledad.de

<!– AddThis Button BEGIN –>
<a href=“http://www.addthis.com/bookmark.php?v=250&amp;username=xa-4c57b4532fb3d950″><img src=“http://s7.addthis.com/static/btn/v2/lg-share-en.gif&#8220; width=“125″ height=“16″ alt=“Bookmark and Share“ style=“border:0″/></a><script type=“text/javascript“ src=“http://s7.addthis.com/js/250/addthis_widget.js#username=xa-4c57b4532fb3d950″></script&gt;
<!– AddThis Button END –>

Forex Trading: The Best Education You Can Have

31. Juli 2010 1 Kommentar

Forex moneyPeople trade in a daily basis. Some trade their services for money, while others trade products like food, toys and other things for money. People trade to earn money to properly live their everyday lives.

This is why people work, why people put up businesses and why people trade in the financial market. Today, it’s all about money in order for you to give yourself and your family a comfortable life.

If you are considering making money aside from your day job or starting a career, you can do so by trading in Forex. Surprisingly, most people don’t understand how Forex works but are still interested to trade in this financial market. Besides, people would really want to trade in the largest, the most liquid financial market in the world.

Forex operates 24 hours a day and 7 days a week with no centralized location unlike other financial markets. It involves all the currency in the world and trillions of dollars are being exchanged everyday in this market, thus, making it the worlds largest and the most liquid financial market in the world.

The Forex market promises traders a promising way to earn money. However, Forex also has its risk and it is a fact that people lose money trading in this market. But, there are also people who became millionaires in the Forex market almost overnight. Education is the key to start trading in the Forex market. Without the proper knowledge in Forex trading, chances are you will end up losing money.

First of all, before you trade in Forex, this market is the buying and selling of currencies. In simpler terms, you, as a Forex trader, will be purchasing one kind of currency against another kind of currency. This gave Forex a trend to trade in pairs.

If you traveled to another country, chances are, you traded your currency against the local country’s currency to enable you to buy things from that country. If you did this, you have a good idea on how Forex works.

If you want to trade in this ever liquid market, you have to get the best education possible in trading currencies. A good education will enable you to trade in Forex more effectively and increase your chances of earning a considerable amount of money. It is even known that lots of people have quit their day job to concentrate in Forex trading.

Getting a good education about Forex trading will also let you increase your chances of profiting and decrease the risks involved. In getting the proper education in Forex trading, you will also learn how to read Forex charts. Forex charts are one of the most important things you should learn in order to successfully trade in the Forex market. Without this knowledge, you are doomed to fail in this very liquid market.

Expert Forex traders said that the best way to learn Forex is by actually trading in the Forex market. For this, website developers and software developers have developed a program that you can use to practice trading Forex. There are websites available that will enable you to open a dummy Forex account where you can trade in a simulated Forex market using no money at all. With this kind of software, you can really learn the way Forex works. It is also a great program to get the feel of the Forex market and you can even consider it as a stepping stone to start trading in a real account.

Thanks to the internet and the advancement in technology, everyone can trade in this financial market. Unlike in the past, only the multi-national companies and financial institutions, such as banks are allowed to participate in the Forex market.

Trading Forex is relatively easy to start. All you need is a computer with an active internet connection (high speed internet), a funded Forex account, and a trading system.

Always remember beside the fact that Forex can give you the potential to earn a lot of money, the risks involved is also equally great. So, you should first read books about Forex trading that is readily available in the internet for purchase or for download. You have to learn about the major currencies traded in the market, about leverage, and also about minimizing the risks in trading.

My Free Ebook“ Insider Guide To Forex Trading“ at


http://forextrader.singledad.de

Forex today: An Educational Guide for Beginners

31. Juli 2010 1 Kommentar

New in the Forex market? This market may sound really complicated and scary to tackle but it’s not. Just like in any kinds of trade, you make money when you buy low and sell high. Forex trading is simply trading currencies in the Forex market.

Forex is the largest financial market in the world. It generates trillions of dollars of currency exchanges everyday and it operates 24 hours a day and seven days a week therefore, also making it the most liquid market in the world.

In the world of Forex, trading in this very liquid market is very unique compared to other financial market like stocks. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade in Forex whenever you want regardless of the local time.

In the past, Forex trading was only offered to large financial institutions, like banks. And, it was also only offered to large companies, multi-national corporations and large currency dealers. This is because of the large and extremely strict financial requirements the Forex market imposed. This means that individual traders and small businesses are not able to participate in this liquid market.

However, in the late 90s, Forex was made available to individual traders and small businesses. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the Forex market and have become one of the best make money at home businesses.

Forex trading is getting more and more popular each day. Besides, who wouldn’t want to trade in the largest and the most liquid financial market in the world? Trading in Forex will certainly give you the opportunity to earn a lot of money. However, trading in this ever liquid market also has its risk. It is a fact that many people who traded in Forex lost a substantial amount of money and some of these people are seasoned traders.

This is why it is very important for you, as a beginner trader in the Forex market, to have the proper knowledge and education on how to trade in the Forex market. Firstly, there are hundreds or even thousands of available websites in the internet that offers Forex education. Some of these websites offer dummy Forex trading where you can practice trading in the Forex market using dummy money.

These programs will really take you closer to actually trading in Forex. Many experts say that you’ll never really understand how Forex really works until you traded in the market. So, if you want to learn how to trade Forex, you may want to sign up for a dummy account that numerous Forex trading websites offer.

With a dummy account, you can trade Forex by not using real money at all. With this program you can practice your knowledge and skills in trading in the Forex market and not waste money.

To get started in trading in this market, all you need is a computer with a high speed internet connection, a funded Forex account, and a trading system. These three simple things are enough to get you started in Forex trading.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading. In most Forex trading systems, Forex charts are there to assist you with your trades. Forex charts are a visual representation of the exchange rates of currencies. This is where you will mostly base your decisions to buy and sell currencies. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Each Forex chart is different although they represent the same fluctuations. For example, in the daily Forex chart, you can evaluate market trends in the past 24 hours to help you make decisions on the next 24 hours of trading. In the hourly chart, you can use this chart to spot trends within the day. And, in the 15 minute chart, where it can help you recent currency fluctuations in a 15 minute interval to help you decide on which currency to buy and sell. Sometimes, there are 5 minute chart available to better help you get closer to the action.

These are the basics on how to trade in the Forex market. Always remember that aside from the promising earning potential that you can have in the Forex market, there are also underlying risks that you have to consider. It is therefore wise to trade in this market with a proper investment plan and strategy. If you are just starting out to trade in Forex, consider opening a dummy account to help you practice trading Forex without risking money.
http://singledad.de

Avoid Traits That Will Make You Lose Your Shirt

26. Juli 2010 1 Kommentar

The world of foreign currency trading is one in all big money and excessive risks. All people is seeing this  market as a promised land, an opportunity to earn a fortune. However, seasoned  analysts and traders alike have paid the worth by being disciplined and educated;  they know that certain ways of thinking will solely assist them leak out cash faster.

Beware novice trainers, should you ever need to be successful in foreign currency trading, keep away from being  these sorts of people:

The Irresponsible
You better learn how to own up to your errors in addition to to decide on what to do so  you’ll be able to reach that goal. Accountability contains learning the ropes of the trade, doing  correct research in your assets and brokers and finally realizing that your individual success  lies in no person else however yourself.

The Sheep
Sheep observe the bulk and takes all of their cues from the experts. While going with  the stream is not a nasty thing in itself, always trusting on expert opinion has confirmed to  be the mistaken transfer for numerous traders. A dealer must develop his own type of technique  and thinking that may work for his plan and investments.

The Thrill-Seeker
Let us get one thing straight: forex trading is just not a game. Severe traders do it  as a result of they need to make money. Having fun will not be a feature. Positive, there may be  satisfaction to be earned from the market but anyone not serious about it has no place  in the business.

The Impatient
Whereas action is certainly a part of the market, most of it is a waiting game. An impatient  dealer will soar the gun on a bid/value even though he is aware of the possibilities of a better  determine will come. Many have succumbed to the impatience and recklessness of having money  now as an alternative of investing it long term. Revenue from buying and selling comes from staying up to date  with the present circulation, realizing when to attend and when to go for it.

The Over Thinker
Some foreign exchange merchants think they are a reduce above the remaining with advanced ideas and dazzling  theories. Most of that lot has failed. Keeping your strategy simple and clear-minimize works  greatest within the lengthy run. Whereas some merchants have the tendency to over complicate their  plans, reasoning that new instances name for brand new ways, preserving observe of profit and how you  got it should show you how to to not over suppose your strategy.

The Over Emotional
Giving in to anxiety clouds judgment because you start to be afraid of losing money and  taking risks. A lot of people overlook that forex commerce includes dangers and it’s part of  the job. The power to stay constructive and having the ability to bounce again also makes a  sturdier, extra assured trader.

The Undisciplined
The largest mistake to make out there in the market is to speculate cash missing in  discipline. So many traders have misplaced their fortunes just because they want a straightforward approach  to profit minus the exhausting work and examine to achieve it. Foreign currency trading requires attention  and understanding of the market, and such dedication to be taught requires discipline.

Perhaps the most important character trait to throw away is half-heartedness. Forex  trading requires a cool head, objectivity and the ability to make those arduous choices  that can certainly come your way. To enjoy the fruits of your onerous work, you must earn  them by being a person of the commerce who definitely understands what he is getting into.

http://singledad.de

LIVE TRADING !!!

14. Juli 2010 2 Kommentare

LIVE TRADING !!!
Ab nächster Woche können Sie mir beim Traden „über die Schulter schauen“. Keine Aufzeichnung oder ein sogenannter Backtest, sondern traden in Echtzeit.
Sie können sich in meinen Bildschirm einloggen und mir zusehen oder auch simultan die gleichen Order ausführen.

Interessiert?
3 x po Woche bin ich jeweils 2 Std. am Vormittag und 2 Std. am Nachmittag online und Sie können mir LIVE zusehen.

mehr dazu unter http://singledad.de

Forex Robots vs Manual Trading

2. Juli 2010 1 Kommentar

The benefits of using Forex robots have been determined and defined by experts. There are a lot of experts who have testified to the effectiveness of Forex robots, like the Forex Megadroid Robot, in improving their trading and profits, but why are people attracted to the Forex market initially that makes it so popular?

Well, the fact that the Forex market can reach as much as $4 trillion of market turnover every day, means it has become very lucrative for those skilled in trading in it. The result is that not only individuals are getting involved, but also banks, companies and other institutions, all setting their sights on big profits from Forex.

In order to become a successful trader in the Forex market, you need more than just luck. There are simple steps that you can take, and you can start by working smart. Putting lots of time and effort into your trading endeavours is a good start, but you should maximise the time and effort that you put into trading by working smart too.

There are many different strategies traders employ in Forex, and it is possible to learn these strategies to gain a good knowledge of how the market works. Aside from that there are also automated systems that can assist in your learning development. As well as supporting and making your job easier, automated trading tools and programs can also be instructional.

A successful trader would also need to be in a healthy trading mindset. Success comes from your state of mind, and how you deal with day to Day Trading. Results can be proportional to how much effort and thought we put into trading. If you don‘t put much thought and effort into something then it will yield poor results. Like the old saying, “if you think you can, you can.”

Forex trading is a risky business. There are people who even consider and refer to it as a form of gambling. Since the market is very volatile, good timing is essential in making sure that you make profitable trades. You also need to be able to handle your emotions, and let your head rule your heart when making close call decisions. If you are someone finds it hard to control emotions, you may want to take advantage of a trading robot, like the Megadroid Forex Robot.

Successful traders not only need to be knowledgeable and in control of their emotions, they need patience too. Potential winning trades don‘t come round all the time. Even if there are big turnovers in the Forex market, it does not mean that you would always and consistently get good trades. You would need patience.

Some traders employ the use of robots to earn for them. Automated trading robots should be used with caution, as you don’t want to check back on them to find it has traded all your money away. Always choose a well respected robot, such as the Forex Megadroid Robot, and even then you should monitor it often.

Established traders would be good source of advice on how to trade and be successful in Forex Trading, but would they be willing to give up their secrets? A Forex robot or automated trading system may be the answer to learning the skills required whilst earning from trading. But remember, successful Forex trading involves more than skill, knowledge and tools, but character as well.
http://singledad.de