Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets

  • ISBN13: 9780071634847
  • Condition: NEW
  • Notes: Brand New from Publisher. No Remainder Mark.

Product Description
Make Volatility and Risk Work for You with Forex Trading! “This book should be in every trader/investor’s library. As we come out of this depressed market . . . this book can be your companion, helping you avoid mistakes and enhance your trading/investment program.”
—Bill M. Williams, author of Trading Chaos “Whether you’re just getting started trading the world’s most exciting financial market, or you… More >>

Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets

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Product Description
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Automated Forex Trading: The Easy Way To Make Money With Currency Trading?

Automated Forex Trading: The Easy Way To Make Money With Currency Trading? Automated forex trading can be an attractive option if you want to make money from the lucrative currency trading market but do not have the time or inclination to learn to trade a manual system. With automated forex trading software, also known as a forex robot, a computer program will trade for you automatically.  Of course there is some cost associated with forex trading, you must pay the spread between the bid/ask price, but an automated forex trading system is likely to be much more consistent than a raw beginner, so it can still be very profitable. In addition, you do not have to spend hours every day looking at charts and analyzing currency prices on the internet.  But is it really so easy? What are the risks involved in automated forex trading? First, it is important to understand that all speculative trading is risky, whether it is in stocks, currencies, commodities or anything else. Nobody makes money on every trade, and that includes the most successful forex traders. So there is a risk that your automated trading system will make losses on your behalf. However, it is true that a quality forex robot’s results are likely to be better than yours in the medium to long term, even in times when manual trading does not perform well. Second, be aware that for an automated forex trading system to operate correctly, it must be running twenty four hours a day.  This means if the computer that a forex robot is trading on unexpectedly loses power, the robot could fail to exit a trade at its stoploss, resulting in excessive losses.  However, there is another option.  A Virtual Private Server (VPS) can be subscribed to. A VPS is a computer that can be logged on to from a remote location from your home or office computer via the internet. If you use a VPS to host your automated forex trading software, you will not need to worry about loss of power or internet connection, as that would be guaranteed by the VPS host. There is another type of risk associated with automated forex trading systems, in that you are blind to the actual trading strategy the system utilizes. You have to trust that the robot will execute profitable trades and perform consistently.  Also, because it is a “hidden” system, you cannot learn to trade it manually. This does not assist advancement of trading skill level.  It is very important to run all forex robot software on a demo account first for a minimum of three months to ensure its accuracy. An adequate amount of time must be given so that the trading software can experience various market conditions.  Some automated forex trading systems perform well in trending markets, while others perform better when markets are ranging. A quality system will be diverse and be able to profit in both market conditions.  It is also beneficial to purchase forex robots with money back guarantees. This allows the user to test the trading software risk free for a period of time. Not all forex robot software is created equal when it comes to automated forex trading, so do your due diligence.   For more information regarding automated forex trading software, click the link below…

Automated Forex Trading: The Easy Way To Make Money With Currency Trading?

 

Automated forex trading can be an attractive option if you want to make money from the lucrative currency trading market but do not have the time or inclination to learn to trade for yourself. With automated forex trading software, also known as a forex robot, a computer program will trade for you automatically. 

 

Of course there is some cost associated with forex trading, you will pay commission in the form of spreads, but an automated forex trading system is likely to make a lot more money than a newbie trader, so it can still be very profitable. In addition, you do not have to spend hours every day looking at charts and analyzing currency prices on the internet. 

 

But is it really so easy? What are the risks involved in automated forex trading?

 

First, it is important to understand that all speculative trading is risky, whether it is in stocks, currencies, commodities or anything else. Nobody makes money on every trade, and that includes the most successful forex traders. So there is a risk that your automated trading system will make losses on your behalf. However, it is true that a quality forex robot will have many more wins than losses, resulting in a net gain, even in times when manual trading does not perform well.

 

Second, be aware that for an automated forex trading system to operate correctly, it must be running twenty four hours a day.  This means if the computer that a forex robot is trading on unexpectedly shuts down, the robot could fail to exit a trade at its stoploss, causing severe losses. 

 

However, there is another option.  A Virtual Private Server (VPS) can be subscribed to. A VPS is a computer in a remote location that can be logged on to from your home or office computer via the internet. If you use a VPS to host your automated forex trading software, you will not need to worry about loss of power or internet connection, as that would be guaranteed by the VPS host.

 

There is another type of risk associated with automated forex trading systems, in that you cannot see what is happening “under the hood.” You have to trust that the robot will execute profitable trades and perform consistently.  Also, because it is a “hidden” system, you cannot learn to trade it manually. This does not assist advancement of trading skill level. 

 

It is very important to run all forex robot software on a demo account first for a minimum of three months to ensure its accuracy. An adequate amount of time must be given so that the trading software can be analysed across various market conditions.  Some automated forex trading systems perform well in trending markets, while others perform better when markets are ranging. A quality system will be diverse and be able to profit in both market conditions. 

 

It is also beneficial to purchase forex robots with money back guarantees. This allows the user to test the trading software risk free for a period of time. Not all forex robot software is created equal when it comes to automated forex trading, so do your due diligence.  

 

For more information regarding automated forex trading software, click the link below…

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Spot Forex Trading - The Forex Heatmap

The Forex Heatmap ™ is now available to all spot forex traders. The Forex Heatmap ™ gives any spot forex trader an easy to in interpret data visualization tool that organizes the data from 20 currency pairs into a visual map of the spot forex for fast and accurate spot forex trade entry decisions.

The vast majority of forex traders don’t know the condition of the forex market when they enter a spot forex trade.

There are two reasons for this. The first reason is ignorance. Most forex traders trade one pair like the EUR/USD and are looking at standard forex technical indicators on one timeframe. They continuously force trades into the EUR/USD when there is no trade there at all and they all wind up being forex scalpers. In the meantime other pairs are moving hundreds of pips, almost daily, and these forex traders simply cannot see the larger picture of the forex market.

The second reason is that once a spot forex trader has decided that they to want to know the condition of the entire forex market when they prepare to enter a trade, or that they want to trade the best currency pair available with the most pip potential, they see that it is not possible because up to now there were no good quality forex market visual maps available to them. When a forex trader searches for such a visual map of the spot forex that gives them a real time picture of the forex market they find that a tool like this may not exist.

This is where The Forex Heatmap ™ enters the picture. The Forex Heatmap ™ quickly and conveniently verifies your spot forex trade entry decisions across 25 currency pairs. Forex trading accuracy will improve dramatically for any spot forex trader and you will also know when to NOT enter a spot forex trade.

Typically at the point of entry the spot forex trader must worry about placing the trade in their forex broker platform and make sure that the correct pair and direction are entered on the trading execution platform while watching a forex price chart. There simply is not time to click on the charts from 5 to 10 currency pairs to verify the entry decision or the overall forex market condition. Forex traders must focus on the trade entry and have tools that work quickly and are easy to interpret. This is where forex traders make mistakes and emotion takes over. Traders need a quick entry verification visual map of the spot forex  that streamlines the forex trade entry decision process.

The Forex Heatmap ™ solves all of these problems. The Forex Heatmap ™  is a dynamic visual tool that consolidates the data from 20 currency pairs using real time forex datafeeds and translates the forex data into a visual map of the spot forex.  When you combine The Forex Heatmap ™ with a simple trading plan and very simple forex trend indicators, basic knowledge of forex support and resistance, parallel and inverse analysis, and the direction of the primary trend you now have a powerful combination of high quality analytical and decision making tools for forex trading. Emotional forex trading gives way to logical forex trading. The full potential of 25 currency pairs is now yours not just some scalping of one or two currency pairs that most forex traders have focused on in the past.

The majority of forex traders scalp, use forex technical indicators, or use forex robots, and the failure rate is incredibly high. Heatmaps are  becoming more common in business, financial, internet and technology applications, and The Forex Heatmap ™ is leading the way to create successful spot forex traders.

Mark Mc Donnell is the lead trading plan writer for www.forexearlywarning.com, an inexpensive forex trading plans service available to all spot forex traders. He has many years of experience trading stocks, equity options and the spot forex. He has spent the last four years of his career devoted solely in studying the movements of the spot forex, conducting trend analysis, and determining how this impacts retail level forex traders. Mark is also the developer of www.theforexheatmap.com, which monitors 25 currency pairs in real time and tells you the best pair to trade.

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