Switching From Stock Trading To Forex Trading

Trading the forex market is something that many stock traders have been switching to do. This is because it is much easier to trade the forex market and much easier to follow. Instead of following hundreds of different companies, you follow only a few major currency pairs. Also when trading the stock market you must keep up with both the economic situation of the countries and the companies, but in forex you must only worry about keeping up with the countries.

When trading the stock market, you also have to worry about paying $6-$10 just to enter into a trade. These costs can add up quick, especially if you are trading the market daily. In the forex market you only have to pay what’s called a spread, which is relatively cheap, much cheaper than the stock markets prices. This allows day traders to make many trades in the forex market on a daily basis and still not to pay much of a commission.

Another great thing about the forex market is that it’s open 24 hours a day. This means that you could be up at 3 A.M. trading the markets and making money. This is something that the stock market cannot boast of. The stock markets limited hours causes it to fluctuate every morning at its open. You do not have this problem when trading forex. The only time the markets are closed in forex are on Saturday and part of Sunday.

In the stock market you can only trade manually. In the forex market you can buy a forex robot and allow it to trade the market for you. A forex robot is a software program that automatically enters and exits trades in the forex market with the intention of turning a profit. Many traders cannot trade the stock market due to the fact that they work while it is open. In the forex market they are given two options, they can either trade manually when they get home from work, or they can have a forex robot trade the market for them 24 hours a day. Many traders used to be rejected to this idea but it has become extremelly popular recently.

If you still trade the stock market, then I bet by now you are considering trading the forex. With so many benefits it is easy to see why the forex market is attracting so many new traders every single day. Oh, I also forgot to tell you that the leverage in forex is very high, you can either trade with no leverage, or up to 1:400. So your profit making potential is extremely high this way, but so is your losing potential.

Do Forex Trading Robots Work?

With forex robots many people have go it wrong. First you must ask, "What is it I want from trading forex?"

Do you want to take big risks in order to possibly make big gains? What is your risk? Are you willing to gamble the lot in the small hope of hitting lucky? Are you willing to risk half of your money before you call it a day? OR, is losing money your major concern? Because this is where you must start.

Only when you know this can you then go and start looking at possible forex trading systems that fit YOUR criteria, not the other way around. Got it?

And remember this a forex robot is simply a forex trading system coded. It's nothing magical or mysterious. Ignore the hype about "space ago technology." The best systems are very simple. I always recall a professional forex system tester said the very best systems were always the very simple ones. The more complicated the system, the more rules it had, the worse it performed. You have to ignore the hype some vendors will use to try and "trick you into buying" Simplicity really is the key to success.

Every forex system will go through winning, losing and flat periods. Only by looking at the past twelve months history can you get some kind of idea of how the system has performed. I see very little point in going back further than this. The markets change over time and because a system worked five years ago means nothing today. And even then that is no guarantee the past will play out the same in the future. But it's a good start. A trading system is a system not an "edge". NO ONE would ever sell or give away an edge and they are usually only profitable for very short periods.

A good system does the basics of forex trading well. It wins over the long term. Loses a little when going through a bad phase. Apply common sense when looking at forex robots. What history does it have? Are the returns simply too high? Is there too much hype? Who is behind the product?

Forex Scalping System Day Trading system

Forex Trading Robot - Vital Tool for Forex Trading by Randy Tyler

Perhaps you have heard enough that Forex trading robots deliver excellent performance by predicting upcoming situations in the trading market from top to bottom. Is it not possible to succeed without the use of any additional trading robot? Of course, you can succeed in Forex trading staying glued day and night with Forex charts, whereas utilization of a high grade Forex trading robot will make you a million annually with you seating idle.

But what kept you away from the actual trading robot was the unawareness of how it works. Many are trapped with Forex trading robots scams as they just have sky-rocketing claims, mingled with failures when actually used.

Typically, all Forex trading robots designed up till now, are based on only one Forex Market situation in mind, which leads to their failures as the market in realty is volatile. All Forex traders are aware of the fact that how frequently and unexpectedly the trade market changes. So, what if we have a Forex trading robot which can decipher any complex market conditions and even 3-4 hours earlier before it's about to occur? That's the dream of any Forex trader to possess a robot which is built-in with such intelligence that it embraces the market changes. Forex MegaDroid can fill colors to their black-white dreams, as the Forex trading robot is developed utilizing a unique algorithm. This aims to adapt the complex trading situation in the present market.

Reviews say that this Forex trading robot has successfully performed with 95.82% accuracy, and persistently drawing in money with its nature. For inexperienced traders there is nothing more delightful than making profits twice than the old and experienced Forex traders.

Forex Trading Robots Review

For folks who are involved in foreign-exchange market trading or are interested in it, something that might be very beneficial to read is a Forex trading robots review. These will give individuals an opportunity to learn about what products are out there that might help them to be successful and make more profits. There are also many unbiased and good reviews written by Forex commentators and veterans such as this article you are reading.

There are many different types of signaling and robotic software packages online. Some require that the user does very little while others require users to be a little more involved in the process. Because many of these systems are very similar, individuals will have to take a good look at their personal situation, goals and experience.

For people who are just starting out and have not been involved in this type of trading for long, then you might want to go with a product that handles and automates just about everything for you. Some of these will let their user know when a trade is a good one and potentially profitable. They may require that the user makes the trade manually, while others will make it for the user automatically. Depending on how involved or hands-on an investor wants to be and how well they know the market, a system that does just about everything for them may be exactly what they need.

On the other hand, if you have been involved in these types of investments in the past and are good at making money from it, then you will likely want a little more control. It would not necessarily be the best for these types of people to use software that will make the trades for them. Instead, having the final say will likely be very important. Therefore, these folks may be looking for something that does provide a certain degree of automation but not entirely.

Ultimately, what one should get out of a Forex trading robots review is how much each particular system costs, whether buyers will get a money back guarantee and what features it includes. You should be able to see proof that it actually works. It would be a bonus if they provide a link to a live demo that can be downloaded and used. This will give you the opportunity to determine if it's easy enough to use and if you are comfortable with it.

Also, take a close look at exactly what is being offered. Some will have many sophisticated features while others will be more bare-bones. It is likely that the latter will be less expensive. However, if you think that you have found something that will make a lot of money, it may be worth spending a little more especially if you can get your investment back if it does not work out.

Now that you know what to look for out when reading a forex trading robots review, it is time to go out and start looking at your options. If you make a good choice, it should be highly likely that your investment is recouped really fast.

ANNOUNCEMENT

I'm sorry folks, but the recent tosser attack has forced me to question my motives for posting here again and since then i've taken trades without posting here on time because i've lost the motivation to. Ive had another eurgbp trade today and havent posted it which is long by the way from 9312 sl now at 9332.

It's just been one more attack from one more tosser wannabe jealous trader.

Over the years i've had lots of them. In the past they kept to the forums and attacked me there, and now theyre coming to the blog - I even get emails from the wankers.

I understand how hard it is to get a foothold in this business so i've given them lots of slack. But I now find that I just can't be bothered even with this blog anymore.

I have nothing to prove anymore. I'm still here after 7 years and i do what i do and do it as well as i'm able. the proof is in these pages which document much of my trading career.

I will continue to trade my way and make my money. But i'm going to take a holiday from the blog and for how long I have no idea. I may never return or i could just be away a short while.

I just can't find a reason to post here anymore nor a motivation. Through the years i've trained a lot of people and very few of them are left around who trade. I do have some close friends who are still in the game but they, like me don't bother with the internet thing anymore either.

The whole reason i started the longer swing game was because i've taken up a new challenge which consumes my days and i very much enjoy that. My long days of screen staring are over and they did pay off but I no longer want to do that, I have better things in my life now which actually make a difference in the world.

Keep checking back if you like, at this moment I feel like just deleting the whole thing but then i guess it can stand here as some lessons to a select few who can read between the lines.

I hope that some of you make it in trading and make some serious money.

As a closing bit of advice i'd suggest that you don't study too hard - indicators really are bollocks, systems don't work for long enough to matter and risk management is all there is left.

If you win then it's luck, there is no skill in this game - it's how your capitalise on that luck that matters - get on the horse and dont get off till it's stopped running you way. but only get on the horse when it's close enough to the start so that you know when it's running the other way.

basically short stops, long profits and newtons law - a body in motion tends to remain in motion until acted upon by an opposing force. Go with the flow.

Stay Lucky.

Bye for now.

Soultrader 26 March 2009