How To Find The Best Forex Broker In 3 Simple Steps

Finding the best forex broker can be tricky if you aren't sure what the standards are. For more experienced traders, the instinct to detect anomalies has become stronger due to their exposure in the playing field. This makes them more or less, relatively safe from those that might have the intent to trick them into doing something irrational.

The trouble lies in those newbies that have not yet learned the ins and outs of the trade. The conflict is that they are often have difficulty when finding the best forex broker. This article seeks to shed some light on the matter by providing standards that can be used in order to be able to gauge one's credentials effectively weighing them as truth or fiction.

Internet Ratings

Though it might be very difficult to find the right information, the Internet serves as the widest source for forex ratings worldwide. Economic institutions usually compile ratings of forex brokers listing them in accordance to their rank and appeal in the global market. The important thing to look out for in searching for these lists is the possibility of running across fake ones that are intended to mislead people. The breadth of information is both a good and a bad thing. Though it might be difficult to weed out the bad sources, the richness of information allows you to be able to cross check your research more easily. All you need is to collect a few listings and see the ones that appear prominently. This way you get an idea as to which ones might be the best forex brokers among them.

Dummy Account Performance

Finding the best forex broker can also be done by making a dummy account. This is a method that allows you to be able to experience firsthand how a broker works and thinks. A dummy account mimics that of the real one. This gives you a rough idea of the broker's overall performance in the field. This is also the best place to test whether or not his claims on his performance as a broker are true or not.

Word of Mouth

The last standard that you can use to gauge the effectiveness of a broker is to ask around. The best brokers are usually known in the area where they reside. If you know other individuals who are into forex, it is a good idea to ask them about finding the best forex broker. After you have collected sufficient information, it is then time to make a decision.

How to Find the Best FOREX Software Trading Program That Will Make You the Most Money

Getting started in currency trading? Aside from having the knowledge on how it is in the business market and being emotionally fit to handle the ups and downs of stock trading, you will need the best forex software trading tool available.

There will be lot of currency trading software available in the internet. Some will be for free that offer perhaps less features and there will be some that are not free but would give you tons of features that you can access at your convenience. They offer free trials as well. So don't rush your decision, just make sure that you test the software and find the best forex software trading tool you.

How to get started in trying to find the best forex software trading? Here is a simple list that can guide you in trying to find the best currency software trading tool:

First you need to have an internet connection and a computer. Make sure that you are aware of the operating system that goes with your computer. Some forex software only works on specific OS. Compatibility is definitely a must so that you can use the full features and avoid hassle and frustration.

To make your search simple, create a check list of all the features you'd like to have with your software. You can cross reference your list with what ever forex software you're looking at. If they don't meet your standards, you can move on to the next.

If you have your list ready and want to know where to start looking. Don't hesitate to seek advice from your broker. They can always provide good suggestions on where to find the software. If you know other investors, feel free to ask them as well. They can always point at which direction to look for the best forex software trading tool.

Once you have identified the software, make sure to check if it provides real time market information. If in doubt, check out the reviews of the software or testimonies (if available). It's very crucial that you have accurate information at any time you want. If the software you choose can't do that, it's perhaps best to move on to the next option available.

Go back to your checklist and see if the forex software you got captures what you need. If it does, then it's time to see what else the software can provide you. You'd be surprised by the extra features it has that can help you monitor the market with ease.

Now that you have a good idea on how to get started, look for the best forex software trading tool, it will still be up to you to decide on which one to use. Just make sure to take the time in practicing the use of the software and if ever something doesn't work out well, make sure that help is offered by the vendor.

Best Forex Trading Indicators - For Trend Following and Catching the Big Moves and Profits

If you want to make the really bit profits you need to follow the big trends so what are the best Forex trading indicators to help you do this? Let's find out...

Most traders like to trade short term and trade the noise of the market so they day trade or scalp and end up losing, the savvy trader, trades the big trends spends less time on his trading and makes bigger profits. Let's look at some of the best trading indicators the pros use to lock into and hold the big trends.

If you spot a trade and want to get into it, you can do it in two ways:

Breakouts

You can buy or sell a breakout to new highs or lows and when this occurs check momentum supports the move and for this there are no better indicators than the stochastic and Relative Strength Index (RSI), you can learn how to use each in about 30 minutes and if you are not familiar with them, make them an essential part of your Forex education. If they support the move and show price momentum is accelerating, you have the odds on your side and can enter.

Dips

Any trend will move to far too quickly, to become overbought or oversold and prices will then come back to an average price. If you want a good average to look to add to positions into an existing trend, you can use the 18 day moving average or you can use the middle of a Bollinger Band. The Bollinger band has many uses but overlay it on any price trend and you will see often prices rally in a bear market to the mid band and fall back to it in a bull market; you can then look to enter supported by momentum indicators.

Stops

Most traders never catch a big trend because they trail their stop to close. It's a fact that if you want to follow a trend for weeks or months and bank a big profit, you need to give the market room to breathe and accept open equity dips. A good Moving average to use is a 40 day MA which will hold you in the best trends for longer.

Another great indicator for defining if a market is trending strongly is the ADX line, its also excellent as a profit taking signal, if the ADX line moves above 40 and turns down, you have a warning to take profits.

Moving averages, RSI, ADX the Stochastic and Bollinger Bands, are indicators that all trades should make a part of their essential Forex education. To learn to use them will take you a day and for this work, these best Forex trading indicators could make you thousands or tens of thousands of dollars.

Long term trend following can be very profitable and the above indicators, will help you turn the best opportunities into huge profits.

Best Auto Forex Trader For Consistent Profits

Having the best auto forex trader to trade the forex market for you can have a big impact on the way you view the market, and the amount of time that you spend monitoring it. Having one of these software programs can free up a lot of time for you that you would otherwise be spending monitoring your manual trades. It can also help you to gain a lot more profits in the market than you otherwise might be.

The characteristics of the best forex trader are ones that recieve regular updates. The problems with the old forex robots were that they did not receive any updates to let them know how the market was changing. This would cause them to be profitable for a few months, but then slowly become useless as the market changed. Forex robot programmers have realized this and are now sending regular updates to most of the newer robots so that they don't lose their edge.

The best auto forex trader currently on the market is the Ivybot. This forex trader is actually four traders in one, each trader is designed to trade a different major currency pair. This allows for you to diversify your trading without having to get a "one size fits all" style robot. Another great thing about this forex robot is that it is designed to receive the regular updates that are so crucial. There are actually a team of forex professionals that are backing this forex robot with updates on a regular basis.

Free Forex Buy and Sell Indicator - Whats the Best Fx Buy and Sell Indicator For Beginners?

If you are looking for a free Forex buy and sell indicator don't be fooled by what's on offer. No serious company would offload their highly complex algorithmic software indicator system if there weren't incentives involved.

So, to try and gauge which Forex buy and sell indicator is potentially the best but at the cheapest rate in terms of how much you will be charged before you can use it,. Our research has shown that there are just a handful which will enable you to exploit these instruments at a fraction of a cost.

The minimal fee you will be asked to place on their platform before you start trading using their free forex buy and sell indicator will range from $50 up.

What should you expect to get in return?

- Live Training: If your new you should receive one-on-one training with an account service manager. This will be done using an online chat system such as Skye or MSN or over the phone.

- Free Guidebook: This should accompany you with your free sign up before you've paid for there service. Normally presented as an introductory ebook you will receive all the relevant info on technical methods, Forex glossary, trading tips, chart reading, and financial indicators.

- Video Guides: Crucial to learning Forex in a concise and informative way, here you will learn how to open, modify and close deals using your forex buy and sell indicator. Also known as a Trade Controller you can choose to accept potential profit scenarios it calculates or return to your original settings.

- Inside Viewer: This tool will give you a unique look at what other traders are trading giving you real time viewing on your platform, enabling you to see the most popular currencies being bought and sold, and the aggregate structure

Free Forex Trading Strategies - A Free Forex Robot For Huge Gains

There are free forex trading strategies you can get online and one of the best is a free forex robot which will beat over 95% of the ones sold online and is proven to make big gains here it is...

The robot is called Richard Donchian's 4 Week Rule and it was devised in the late seventies by Richard Donchian to trade commodity markets (although it will work on any trending market) and as currencies trend well, this is an ideal market to trade the system on.

Its very simple and you don't even need a computer to do the calculation:

Here are the rules:

Cover short positions and reverse to a long position when a price exceeds the highs of the previous 4 weeks. Close long positions and reverse to a short position when a price falls below the lows of the previous 4 weeks.

Now that's what I call simple!

Don't think it doesn't make money it does back test it and see.

The 4 Week Rule has been used by some of the world's top traders and even trading legend Richard Dennis was a fan so if some of the top traders have used it then your in good company.

If you use it, you will be on every major trend and long term it will make money.

There is of course a drawback and that's - what happens when the markets aren't trending?

Here you may want to filter the exit and use a 1 or 2 week period to exit and re enter on the next 4 week rule, this will smooth the equity curve.

Now despite the fact the free forex trading strategy will make money, few traders will use it and here are the reasons why:

Its to simple

People just assume it wont make money because its so simple but of course all the best forex trading strategies are simple. A simple strategy is likely to be very robust in the face of brutal ever changing market conditions with fewer elements to break than complicated ones.

Its Not Trendy

It doesn't have the ring about it like a system based on artificial intelligence or chaos theory but it will beat most despite its simplicity same goes for all the scientific theories that don't work used by the far out investment community - Gann, Elliot and Fibonacci.

Its Not Fussy about Market Timing

It's not a pinpoint trading system which predicts, it simply reacts to price change. Of course, this is the way to trade - but most traders are looking for the perfect entry (of course they cant do it) and won't try this system.

Its boring

If you like trading a lot its boring, a few trades a month at best and 5 m minutes a day to execute them. On the other hand, if you like making money and want to get on with your life this system is fantastic!

So there you have it a free forex trading strategy that works and will continue to work. It be adapted to your risk tolerance as well customized as well Take a look at this free forex trading strategy and you will find, it can help you achieve currency trading success in less than 15 minutes a day!

Forex Scalping System - Review of the Best Forex Training Course

The growth of the Forex markets have resulted in a lot of inexperienced or new traders looking to it as a way to secure the type of wealth that they've always desired. The thing is that nothing is easy and in order to be successful it's necessary to learn the dos and don'ts of the market so as to avoid the pitfalls. Taking a Forex trading course is a good way to achieve that.

When I first began in currency trading, I obviously wanted to maximize my profit-making potential and so took some courses to try to learn the most efficient way to do so. However, as good as they were the question of how to actually make money was still unanswered. That was until I signed up for a course in Forex trading.

The course proved invaluable and instructed me expertly in something called Forex Scalping. I didn't know what the term meant but I learned that it was one of the most effective investment techniques in use. The course includes E-books and videos, which instructs you in every detail of the technique. More importantly, when I put this technique to use, it proved just as successful as was promised.

Of course, I had to study to learn the intricacies of Scalping but the rewards have come since. I have used other techniques too, applying the most suitable to the situation at hand, but there is no doubt what set me on my way.

Taking a class on Forex trading was the wisest of my decisions, and if you are looking to educate yourself in the art of Forex trading then this is the course for you. Study it hard and you won't be disappointed.

Free Forex Signals: The Real Weapon When Forex Trading

If something is free, there is no doubt that everybody who can make use of it will take advantage of that item. After all, what do you have to lose when they specifically mentioned that you don't have to pay anything at all? When it comes to this trading, there are also tools that you can use without giving a single cent. These are the free forex signals that can help you gain profit without spending a lot of time and energy when trading.

Although you can find a lot of forex software and programs that would give assistance to the forex traders, you can also make use of the free programs which has the same features as well. These forex signals would advice both professional and amateur traders on when they should sell or buy the currency pairs that they have. And since there is no charge for utilizing this tool, more and traders are taking advantage of the free forex signals since it allows them to create vivid strategies in order to gain the maximum profit out of their investment.

More often than not, the forex signal software would give the relevant information to the trader through text messages, instant messaging, or e-mail. It is very important for the trader to immediately pay attention to the information passed on by the signal software since most of the solutions would only last for a short term. Remember than change is the only permanent thing when trading. In just a snap, your trading solution may no longer work and could even result to the loss of your profit.

There are a lot of forex traders who already depended on their free signals especially when they start to earn money from it. And since it is free, you can immediately choose from a vast range of forex signal software and programs available on the Internet.

Best Forex Trading Indicators - For Trend Following and Catching the Big Moves and Profits

If you want to make the really bit profits you need to follow the big trends so what are the best Forex trading indicators to help you do this? Let's find out...

Most traders like to trade short term and trade the noise of the market so they day trade or scalp and end up losing, the savvy trader, trades the big trends spends less time on his trading and makes bigger profits. Let's look at some of the best trading indicators the pros use to lock into and hold the big trends.

If you spot a trade and want to get into it, you can do it in two ways:

Breakouts

You can buy or sell a breakout to new highs or lows and when this occurs check momentum supports the move and for this there are no better indicators than the stochastic and Relative Strength Index (RSI), you can learn how to use each in about 30 minutes and if you are not familiar with them, make them an essential part of your Forex education. If they support the move and show price momentum is accelerating, you have the odds on your side and can enter.

Dips

Any trend will move to far too quickly, to become overbought or oversold and prices will then come back to an average price. If you want a good average to look to add to positions into an existing trend, you can use the 18 day moving average or you can use the middle of a Bollinger Band. The Bollinger band has many uses but overlay it on any price trend and you will see often prices rally in a bear market to the mid band and fall back to it in a bull market; you can then look to enter supported by momentum indicators.

Stops

Most traders never catch a big trend because they trail their stop to close. It's a fact that if you want to follow a trend for weeks or months and bank a big profit, you need to give the market room to breathe and accept open equity dips. A good Moving average to use is a 40 day MA which will hold you in the best trends for longer.

Another great indicator for defining if a market is trending strongly is the ADX line, its also excellent as a profit taking signal, if the ADX line moves above 40 and turns down, you have a warning to take profits.

Moving averages, RSI, ADX the Stochastic and Bollinger Bands, are indicators that all trades should make a part of their essential Forex education. To learn to use them will take you a day and for this work, these best Forex trading indicators could make you thousands or tens of thousands of dollars.

Long term trend following can be very profitable and the above indicators, will help you turn the best opportunities into huge profits.

The Best Forex EA (Live Test Results)

Forex Robots are great ways to invest money. Money will do you no good sitting in a box at home or in a bank account that isn't collecting any interest. You can take money and invest it to turn a profit with Forex. One of the best parts is that if you use a Forex robot you can allow it to do all the work for you once you set the parameters and watch your money turn into something more.

You might be wondering about the risks that are associated with these programs. Also, which one should you try when so many of them are available on the market? One of the best ways to evaluate the risks and costs associated with each program are to look at results of what the program has done in the past. You can even look at live results from someone who has taken it upon themselves to invest the same amount of money into a variety of programs and then watched to see what they can do with it. Using these results, you can conclude which programs will give you the best chance to turn a profit on your money.

After a short time period, since the evaluation hasn't been going on for too long, the results show that Ivybot turned the most profit in the shortest time period making it the number one choice for people who are interested in getting involved with Forex robots. It was only run for two weeks but in that time period it conducted 75 individual trades. It won on all of them, the only program with a winning percentage of 100. The profit for each trade was $28.26 for the average and money gained in those short 2 weeks from the original investment of $1,000 was $2,119.83 which was a 211.98% gain in profit. The results for this program are simply astounding and hard to digest if it seems like it is too good to be true.

Another program that performed well, although not as well as Ivybot, was Forex Hacked. It was run for one day less at 13 days with a total trade amount of 193. It won over half the time, with 64.77% of the trades being winners. On average each win was only worth $12.77 while each loss the program had was $14.73. In less than 2 weeks the money earned for this program was $590.37 which was a gain of 59.04%. The results are profitable but not nearly as profitable as the other.

Another program which had gains and not losses was Caliber FX Pro. It was run for only 9 days and 16 trades. It won exactly 50% of the time and each trade averaged a profit of $20.88 when it occurred and a loss of $13.67. The monetary gain was $57.25 which is a huge different from the previous numbers but a gain regardless, causing an overall increase in money off of the original investment of $1,000 of 5.73%. This may work for people who are willing to take a slower pace.

The Best Forex Automatic Robot For Consistent Profits

There are a number of forex automatic robots in the market and choosing the best forex automatic robot is much more than testing them all individually for standard attributes. Remember that if a robot works for one individual, it may not work in the same manner for you. Expecting miracles is something that you ought to give up on and instead, focus on getting a robot that will help ease the trading work, not do the entire work altogether.

Forex Maestro is acclaimed in many circles as one of the best forex trading robots available today. The reason for this distinction is because it combines two highly complex logics to develop a winning one that can help simplify forex trading for you.

Forex maestro combines artificial intelligence along with neural networks to give an algorithm that can account for many more parameters than its closest competitor. The artificial intelligence gives it a certain human nature that is needed for forex trading at times. The neural networks work scientifically and mathematically to determine the best markets that will earn you top dollar. Combining the two results, you are presented a report of top trading scripts which you can then personally narrow down and invest in.

To top all this, the software has a very simple interface that has a clutter free design and only presents options of relevance to you. It is intentionally designed to ensure that you can get it to work in a matter of minutes and also make a nifty little profit knowing the bare essential about forex trading. It is easy to install and comes with a comprehensive manual that smoothens the entire procedure which helps it earn the title of the best forex automatic trading robot.

The Best Forex Software Trading Program For Regular and Consistent Profits

I will warn you right now, the best forex software trading program for regular and consistent profits is about making money, not gambling or playing games. Getting into online currency trading is like stepping into a boxing ring - with knuckles wrapped in glass shards. It is kill or be killed out there in this huge market, folks. My goal here is to show you the best tool to use to survive and become rich and happy trading forex.

Five months of trading currency online using the best forex trading software paid for my new 2010 Lamborghini Gallardo LP560-4 Coupe car in my garage. Today I want to share with you a software you can use to make regular and consistent profits in your next trading.

We all know that the forex market is the ultimate business platform, right? You can start trading immediately through the exchange of specified sums of money in a currency unit of any given country for currency of another country at an agreed rate. During exchange, the exchange rate of one currency to another currency is determined by supply and demand.

Getting involved in online currency trading is straight forward. I am not saying it is easy, as it takes a heck of work to make money trading forex, but it is straight forward when you use the best forex trading software which is what I recommend you should do.

The part where most people struggle and get confused is the selection of the right trading software. They don't know what features to look out for and the amount of income to expect from a particular software program.

If you are in this situation, is there any forex trading software that you can use to generate enough income to pay for a new car or your dream home? Yes! It is a software that is advanced enough to adapt to the any changing market conditions and ensure you remain profitability through difficult and hard times without you losing trades on your Forex account.

In addition, the program must automatically determine whether the forex market is trending or ranging and adjust itself systematically, while trading on unlimited number of currency pairs and monitoring all time frames simultaneously.

Let's take a look at the steps involved in making regular and consistent profits with the best forex software...

Step 1. Sign up with a reputable forex broker and start demo trading until you feel comfortable enough to trade with real money.

Step 2. Download the MetaTrader 4 trading platform. This is a free program specially created for online trading in the forex market. There are built-in technical indicators you can use to analyze currency pairs.

Step 3. Choose a forex software trading program, download and set it up following the user manual. Ensure you get good customer support in case you get stuck when setting it up.

Step 4. Relax, start trading and start making money!

Free Forex Buy and Sell Indicator - Whats the Best Fx Buy and Sell Indicator For Beginners?

If you are looking for a free Forex buy and sell indicator don't be fooled by what's on offer. No serious company would offload their highly complex algorithmic software indicator system if there weren't incentives involved.

So, to try and gauge which Forex buy and sell indicator is potentially the best but at the cheapest rate in terms of how much you will be charged before you can use it,. Our research has shown that there are just a handful which will enable you to exploit these instruments at a fraction of a cost.

The minimal fee you will be asked to place on their platform before you start trading using their free forex buy and sell indicator will range from $50 up.

What should you expect to get in return?

- Live Training: If your new you should receive one-on-one training with an account service manager. This will be done using an online chat system such as Skye or MSN or over the phone.

- Free Guidebook: This should accompany you with your free sign up before you've paid for there service. Normally presented as an introductory ebook you will receive all the relevant info on technical methods, Forex glossary, trading tips, chart reading, and financial indicators.

- Video Guides: Crucial to learning Forex in a concise and informative way, here you will learn how to open, modify and close deals using your forex buy and sell indicator. Also known as a Trade Controller you can choose to accept potential profit scenarios it calculates or return to your original settings.

- Inside Viewer: This tool will give you a unique look at what other traders are trading giving you real time viewing on your platform, enabling you to see the most popular currencies being bought and sold, and the aggregate structure

Best Online Forex Broker - How to Choose the Best Forex Broker

Looking for a best online Forex broker? Forex trading is the largest international currency trading market. You can take part in this by yourself, but those who are serious about it will usually prefer to hire a brokerage to manage their trades.

These brokers are dedicated to learning about the financial market and bring knowledge and experience which most people simply cannot match. However, choosing the Forex company you want to take care of your money can be a long and laborious process.

There are a large number of online Forex broker companies who would like your business. Study the history of these companies. Some are perennially leaders and can be trusted with your money. Others are simply set up to scam people out of their money. Don't just go with the first Forex company you find. Do some research to make sure you use the best company.

Talk to your friends. It is likely that some of them have invested in the Forex market. They may already have a company that they are happy with or a horror story which will prevent you from being scammed. Talking to actual customers is the best way to find out which online Forex company is best.

Representatives from the company have an interest in helping the company. Actual customers have no such motivation. If someone is not happy with their experience, you are likely to hear about it.

Asking the Forex brokerage company for a free class will give you a feel for how they teach you and what sort of atmosphere the company provides. If you are stuck between two different companies, this can be a great way to see which one would fit you better.

This is a common request, and most online Forex broker companies would be more than be happy to accommodate you. After all, they want you to succeed. If you succeed, you send more customers their way, and that is what they are after.

Learn Forex Trading From Home With the Best Courses Risk Free!

If you want to learn Forex trading and take advantage of the best currency trading advice, you should try and learn Forex trading online with the best Forex courses. These courses come with proven strategies for experienced traders and best of all you get to try them with no financial risk. Let's take a look at the best courses and how they can lead you to success.

The number of traders who lose money trading currencies is around 90% and while anyone can learn to make money at Forex trading, you need the right advice and education and online you will find a number of courses from experienced traders which offer all the following:

- Proven strategies and all the logic they are based on explained, so you can trade them with discipline and confidence.

- You get to see the strategies traded by the vendor in real time so you can see just how effective and profitable they are.

- You will have dedicated tutors to help you as you learn so you can get guidance whenever you need it.

Courses are affordable and cost around 100.00 and the big advantage is you get to try the course risk free for 60 days so if you don't like the course or simply decide you don't want to trade currencies you get your fee back in full meaning you can try the course risk free.

Of course you can learn Forex yourself but the advantage of a course is the vendor has done all the hard work for you so you can cut your learning curve and take advantage of proven tools and strategies. If you have ever wondered if you can make money trading Forex why not find out by learning Forex trading with the best courses.

Try Free Forex Risk Free to Learn Trading

Forex trading is gaining popularity with its high earning potential. Earlier, the financial market was open only to forex brokers whereas now, its open to all. With the onset of online financial trading, more and more people are into it. Automatic forex robots helps you monitor your trades and keeps you updated of the changes in the market. They help you increase your profit potential. Whether you be a newbie or an experienced person, forex robots will be of great help. But, its difficult to choose the best forex software with so many manufactures online. It is also not practical to buy the high priced software and then test it for its efficiency. It is to face this confusion that certain manufacturers have released free forex robots.

The forex trader can test the robot for free. Do not be in the illusion that you can use this automated system for free of cost. There are conditions behind this and also you get a trial period and money back guarantee. Using this special offers, you get an account and you can trade using this account. Thus you can check if this is the right trading platform for you. The special features etc can be also tested for efficiency and analyze if it can give you the maximum profit.

Each trading platform has different trading characteristics. And the forex robots are designed differently. Choosing the forex system according to your need is the task here. Choosing the best software will give you the best result. It is not practical to go about testing all free forex robots available online. So before even choosing the free software, research for the top forex software available online. You will have to understand your forex trading needs and search for reviews which have your needs addressed. Real people testimonials also help in a great way. You can even ask opinion from experts in this field, who can give guidance about the best suited software for your trading purpose. If you simply do not want to do any research, but want a good automated forex system, then search the web for the top forex software and then go on for a free trial of it. Its simply as easy as that.

Look out for scam forex software which are not so clear on the security end and also have no good logical codes. A wrong choice of forex system could end you up in trouble. So make sure you have done all the back end research before choosing the forex robot.

Where to Find the Best Forex Expert Advisor Download

Forex Expert Advisors or EA's are becoming an increasingly popular way to trade. There are many people looking for free expert advisor downloads and even cracked versions. You might be able to find something free but free is not always the best deal. Especially when it's something you are depending on to trade your hard earned money.

You can jump around from one EA to another and try to find one that works but consider how much time and potential profit that may cost you. You can back test them all you want but in order to simulate real world experience the only real accurate way to test them is with live trading.

Instead of spending all this time testing free expert advisors with no documented results you could spend a hundred dollars or a little more and buy one with well documented trading results. This way you can spend your time testing something that has been proven to work that could pay for itself with its first trade or first few trades. In fact just as I was writing this paragraph the expert advisor that I use just closed a trade that lasted less than 5 minutes and the profit it just made me covered half of what I paid for the software.

Then there are people looking for cracked versions. In many cases using cracked or pirated software is not legal. Using pirated software to trade your forex account that is heavily regulated by the federal government may not be the best of ideas. Aside from potential legal problems, most cracked versions are going to be older versions and the small amount of money you save will not be worth missing out on updates and the support you will get from buying the EA.

If you are looking for the best place to download a forex expert advisor, looking for free may cost you way more potential profit than you will save. Your time and money will probably be better spent with expert advisors with proven and well documented track records.

Forex Swing Trading - The Best Method For Novice Traders

Forex swing trading is easy to learn and apply and is an ideal method for novice traders to make money with - let's look at the advantages.

Essentially you have 3 time frames you can target trends in and they are:

Forex day trading, swing trading and long term trend following and forex swing trading is the easiest for novice traders - so lets compare these 3 methods and see why.

1. Day Trading

More novice traders try this method than any other - but it doesn't work at all!

All short term volatility is random, you can't get the odds on your side and you can't win - PERIOD.

For those of you who are still are thinking about it - try and find a track record that has made real profits (not simulated or hypothetical) and you won't find one.

It's a loser's game, so don't try it.

2. Forex Trend Following

This will give you the best profit potential if you can lock into the long term trends and hold them.

This looks a lot easier than it really is and requires tremendous discipline and discipline is a hard skill to learn.

1. You need to be patient.

You need to wait for the right opportunities and it requires discipline, to sit for weeks or months on end waiting for them.

Most traders want to be in trading and trend following simply only suits patient traders and most are not.

2. You need discipline to accept big gains!

This may sound easy as we all, want to make big gains but sitting on a big open gain while volatility eats into your gains is anything but and most novices snatch profits early - trend following is simply hard - sure you can learn it, but if you're a novice trader swing trading is a great place to start here's why:

3. Swing Trading

You can swing trade with just a few indicators and support and resistance and the advantages are:

1. It's very simple to learn and apply. You can learn a swing trading system in a few days.

2. There are trades at least a few times a week, so for the trader who likes action they will see it quickly.

3. Trades are right or wrong quickly and the discipline and patience needed is less in this than in trend following.

Its very easy to do - you are trading for periods of 2 days to a week or so and its easy to master the mindset to do it to and while the profits maybe smaller per trade than trend following, you can make huge profits over time if you have a logical robust system.

A Basic Swing Trading System

A swing trading system is easy to build and a good one would be based upon trading into support and resistance.

You then use momentum oscillators to confirm the trade and price direction is with your trading signal and finally, always have a target no trailing stops - hit the trades, hit target and bank them.

Stop losses in association with support and resistance are obvious and finally, incorporate breakouts in your swing trading strategy for greater profit potential.

Forex swing trading is easy to learn, easy to apply and can be profitable and fun - discover it and see for yourself.

Which Trading Strategies Make For the Best Forex Robots?

Each trader will have a different approach when it comes to trading the Forex markets. The strategy that suits one will not be suited to another. Some traders prefer the high impact intraday trading approach, where markets are constantly analyzed and short term trading positions are taken. Others will prefer to take a longer term view and will take more time to strategically position their entries in line with key fundamental data.

Forex robots can make use of any one of these styles of trading so it pays to have an understanding of what is behind them prior to purchasing and running a robot on your account.

While automated Forex trading systems can trade a range of strategies, there is no firm evidence to suggest one style of trading is likely to yield you any greater profits than another. Provided that they execute the strategy correctly and with a good risk reward ratio, then there is every reason that the best Forex robots should perform.

Knowing the strategy behind the system is however beneficial to the success of your trading. While many system vendors are not keen to reveal the exact methods, you can generally get a feel for how the robot trades simply by watching ifs movements. Make sure you are happy with the strategy employed and that it fits in with both your objectives and temperament.

Some Forex robots function better in calmer markets while others feed of the volatility during busier times. Knowing the strategy of your system and how it should perform in different markets is a step you can take to improve the trading results you achieve.

If for example, you know that the strategy used performs more accurately when the markets are calm, then you can set the robot to avoid trading around key event risk. All you need to do is access an economic calendar and note the upcoming news events which you want to avoid. These may include Central Bank Rate decisions and Non Farm Payrolls for example. Then simply adjust the trading parameters or even manually stop the system for trading around the release of these fundamental events.

On the flip side systems that make use of technical indicators will often perform better in more volatile markets. Technical indicators can often be adjusted with these strategies in order to synchronize the strategy to the prevailing market conditions. Often standard droids can be turned into some of the best Forex robots simply by making a few simple tweaks.

In knowing the strategy behind the system you will be able to assist in its performance by applying your knowledge to its trading. This will enable you to find the best Forex robots for your trading which result in you having the ability to increase the profits that you generate from your trading.