Forex Robot the Best in the Market

In recent years, forex trading has seen revolutionary developments. Opening up of the forex market to the retail investors has been a revolutionary change. Previously forex trading was the domain of big players like the banks, multinational corporations, institutional investors and the hedge funds. But the development of the retail forex market has totally changed everything. Now any small investors from anywhere in the world can trade forex online. There are so many options available to a retail investor now! A retail investor can open a standard account, a mini account and even a micro account with a host of other options.

Another development that has revolutionized the forex market is the introduction of a forex robot also known as an Expert Advisor (EA). Previously these type of automated trading systems were very expensive. Only big players could afford them. But in recent years, a number of very good forex robots have hit the market and many are priced in the range of $100-$300 making them affordable to ordinary investors. Forex trading via these automated robots has become very popular in the forex industry in the past few years! There are now hundreds of robots flooding the market.

So what is a forex robot. A robot in simple terms is a computer programme that you install on your MetaTrader platform. This software monitors the market constantly, opening and closing the trades when the conditions are right. This makes trading almost automatic. Installing a robot is very easy. It does not take more than 10-15 minutes. Once you have done it, it is all set to start trading automatically.

You can test the performance of a robot on your demo account. Most of these EAs come with a 60 days money back guarantee. This makes everything risk free for you. Almost every month a new forex robot is being introduced to the market. This show that forex robot development has become a serious business. Which is the best forex robot in the market?

The Best Forex Robot

The best forex robot in the market right now is FAP Turbo. FAP turbo has been giving a good performance since it was launched in the last months of 2008. It is being updated every month by its developers to keep it in line with the changing underlying market conditions.

Second EA that is equally good is Ivy Bot. As the name suggests, it has been developed by former students of Ivy League Universities. The third robot that has been giving good performance since its launch in April 2009, is Forex MegaDroid. It uses a revolutionary new technology known as RCTPA. RCTPA allows this EA to see ahead the market conditions in the next few hours and change accordingly.

Last month a new EA known as Forex Rebellion hit the market. It's beta testing results are excellent. Russ Horn is it's developer and it seems this might be the best forex robot of 2009. Recently a Forex Robot World Cup was announced. Official sponsors of this World Cup are FXCM and Boston Technologies. The purpose of this World Cup is to select the best of the best in an open and a transparent manner. The winner robot developer will get a cash prize of $100,000. This World Cup will provide a list of the best of the best EAs in the market that have been thoroughly tested under challenging conditions.

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!

Choosing the Best Auto Trading Forex Program

Over 30% of all forex traders outsource some or all of their trading work to an auto trading forex program. This technology's been getting increasingly more sophisticated and able to trade effectively for anyone who uses it up to the full 24 schedule the market. As such, many inexperienced and starting out traders have been using this technology to make the kind of money that they want from the forex market without having to sacrifice the time.

There are dozens and dozens of different auto trading forex programs on the market today, so this is a guide to picking and choosing the best one to suit your needs.

First, you should decide if you want a full auto trading forex program or a trend indicator. Trend indicators are like stock pickers for the currency exchange and find soon to be well performing currency pairs. Accordingly they are recommended primarily for more experienced traders with the experience of trading in the past.

Conversely, an auto trading forex program will place and end trades for you as I briefly mentioned in opening. These programs are better matches for less experienced traders and those without time to even enact trades.

It's also a good idea to get a more conservative auto trading forex program as these boast the greatest success rates of all the automated traders. They only go after trends which display lower risk tendencies and if a currency pair is showing too much risk, it will abstain from trading altogether if it can't find any worthwhile trading opportunities. Again, the main point to take away is that these programs carry the best winning rates.

Also good idea to consult review sites as these can help to give you insights on the differences between these programs.

Forex Robot the Best in the Market

In recent years, forex trading has seen revolutionary developments. Opening up of the forex market to the retail investors has been a revolutionary change. Previously forex trading was the domain of big players like the banks, multinational corporations, institutional investors and the hedge funds. But the development of the retail forex market has totally changed everything. Now any small investors from anywhere in the world can trade forex online. There are so many options available to a retail investor now! A retail investor can open a standard account, a mini account and even a micro account with a host of other options.

Another development that has revolutionized the forex market is the introduction of a forex robot also known as an Expert Advisor (EA). Previously these type of automated trading systems were very expensive. Only big players could afford them. But in recent years, a number of very good forex robots have hit the market and many are priced in the range of $100-$300 making them affordable to ordinary investors. Forex trading via these automated robots has become very popular in the forex industry in the past few years! There are now hundreds of robots flooding the market.

So what is a forex robot. A robot in simple terms is a computer programme that you install on your MetaTrader platform. This software monitors the market constantly, opening and closing the trades when the conditions are right. This makes trading almost automatic. Installing a robot is very easy. It does not take more than 10-15 minutes. Once you have done it, it is all set to start trading automatically.

You can test the performance of a robot on your demo account. Most of these EAs come with a 60 days money back guarantee. This makes everything risk free for you. Almost every month a new forex robot is being introduced to the market. This show that forex robot development has become a serious business. Which is the best forex robot in the market?

The Best Forex Robot

The best forex robot in the market right now is FAP Turbo. FAP turbo has been giving a good performance since it was launched in the last months of 2008. It is being updated every month by its developers to keep it in line with the changing underlying market conditions.

Second EA that is equally good is Ivy Bot. As the name suggests, it has been developed by former students of Ivy League Universities. The third robot that has been giving good performance since its launch in April 2009, is Forex MegaDroid. It uses a revolutionary new technology known as RCTPA. RCTPA allows this EA to see ahead the market conditions in the next few hours and change accordingly.

Last month a new EA known as Forex Rebellion hit the market. It's beta testing results are excellent. Russ Horn is it's developer and it seems this might be the best forex robot of 2009. Recently a Forex Robot World Cup was announced. Official sponsors of this World Cup are FXCM and Boston Technologies. The purpose of this World Cup is to select the best of the best in an open and a transparent manner. The winner robot developer will get a cash prize of $100,000. This World Cup will provide a list of the best of the best EAs in the market that have been thoroughly tested under challenging conditions.

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.

Forex Robots Real Time Results - The Best in Terms of Verified Results

If you are buying a Forex robot, you need to make sure its made real dollars in the market and you also need to ensure, that these figures are verified by a neutral source. Never take the word of the vendor - there selling the system! Here we will look at the Turtle Forex robot's real time results which show its made millions in real time trading, lets look at the robot in more detail.

Most Forex robots are designed by programmers not traders. Check out most and you can never find any background to where they worked and what they achieved in reputable sources. The Turtle Forex robot is different, its based on rules devised by a true trading legend Richard Dennis and the results these rules produced, piled up hundreds of millions of dollars in the most famous trading experiment of all time.

Most robots simulate results going backwards over past data or they produce live results from themselves which are not actually real time and they come from them so should be treated with caution. Richard Dennis devised the turtle rules and they were used one of the most famous trading experiments of all time. He gave the rules to a group of novice traders, explained how and why they worked and set them up with funded trading accounts. They traded and the rest is history, as they made several hundred million dollars in real time trading.

Dennis had set out to prove, anyone could make money with the right rules and confidence in them and he was of course proved right. The experiment was featured heavily in the international press, the figures were audited and the story featured in Market Wizards, one of the best selling trading books of all time.

These rules are now available in the net Turtle Forex trading robot and allow users to target triple digit gains taking just 2% risk per trade. You can read the logic of how and why the system works before buying it and see the exact rules its based on to give you confidence in its ability to make you money.

There are a huge number of robots on sale but most rely on hype to sell them and they have no verified results but the Turtle robot does and its based on rules of a real trader. Take a look at it for yourself and see, how it can help you enjoy long term Forex trading success.

Best Forex Trading Strategy - The One the Pro Traders Use for Huge FX Profits!

Enclosed we will outline the best Forex trading strategy, for making big profits quickly and the good news is - this strategy is easy to understand, can be learned quickly and is the one the real pro traders use, to pile up huge gains and you can use it too - let's take a look at it in more detail.

This strategy is not popular with new traders and we will look at why in a moment but first, let's look at the logic it's based on and why it works.

On any currency trading chart, you will see big price trends and you will also see that many last a long time. In fact the best trends, last for weeks, months or even years. This strategy is based on how all big price trends start and continue which is in the following way:

Any Bullish Price trend, will start by breaking up through resistance to new chart highs and the trend will continue to do this, as the trend matures and unfolds. If you want to get into all the best trends you need to focus on buying high odds breakouts,through strong chart resistance levels.

The above strategy is both simple and logical and if you look at any currency pair you will see how profitable it is - so why do most traders ignore this strategy?

Most traders ( especially novice traders) are obsessed with predicting the exact low of a trend change but this is doomed to failure, because you have to predict and that's really just hoping or guessing. These traders continually buy into support and hope the level holds, most times it doesn't and they lose.

The trader who likes to get in low and sell high cant take a breakout, he sees the move happen but can't buy it because, he thinks he has missed the start of the move and wants to get in at a better and lower price so what does he do?

He waits for a pull back in price but he waits in vain and the reason is simple - the best breakouts simply don't come back they accelerate away from the breakout point and the trader who waited for the pull back misses a huge profit opportunity.

The professional trader doesn't mind missing the exact low, his focus is on having the odds on his side (which a breakout gives him) and focuses not on what he's missed but the huge profit ahead of him.

Breakout trading, involves looking at resistance levels traders feel are important which have been tested a few times and in terms of breakout trading - the greater the number of tests the better the breakout will tend to be when it eventually occurs. In addition, the wider the tests are apart the better in terms of time.

Generally I look to trade a minimum of six tests and two of these tests, should be at least six weeks apart.

Breakout trading will work, as long as markets trend and of course this will never change and don't' worry that not many traders trade breakouts, because the bulk of traders lose. If you want to win you want to be in the minority so join the elite minority who make money and use, this Best Forex Trading Strategy for making gains in just 30 minutes a day.

Best Forex Trading Indicators - 4 of the Best Indicators For Bigger Profits

Many traders use numerous indicators - but over the last 22 years I have four favourites and I will share with you here and they have worked for me and they will work for you. Let's look at them...

Today, good old bar charts have gone out of fashion but I think their essential and use them in conjunction with the indicators below. I don't use candlestick charts, there is a big myth there better but there not. If you like using them, then do so but the relationship between the daily range open and close is obvious.

Here are the four indicators and you can read more about them in our other articles. There available on most free chart services and will take you around 30 minutes each to learn and then, your all set to start using them on your forex chart and start making bigger profits.

1. The Stochastic

For me this is the ultimate timing tool.

Trading stochastic crossovers with bullish or bearish divergence, into chart resistance or support, from overbought or oversold levels, is simply the best market timing tool. If the stochastic crosses from chart highs or lows the signal is even more powerful.

2. Relative Strength Index

This gives you the strength of the trend and when RSI weakens or strengthens, when the trend is still up or down, especially from over bought or oversold levels, you have advance warning of a contrary move.

When combined with the stochastic, you have a great combo for better market timing.

3. The Bollinger Band

Gives you the volatility of price and you simply need to understand it to make money at forex trading.

I love using pops to the outer band, near chart support and resistance, to look to take profit or, initiate a contrary trend. Also in a strong trending market, dips back to the centre band ( the moving average) are great value areas to look to add extra positions in a strong existing trend.

You don't time with them - you look for areas in line with support and resistance to trade into.

4. Moving Averages

Simple moving averages are great and I have just mentioned the mid band of the Bollinger band, which is in fact a simple moving average, to buy and sell back to in existing trends.

In strong trends dips to the 18 - 25 day moving average are a great place to load in new trades.

Another excellent time period is the 40 day moving average which acts as the last line in a strong trend with nearby support or resistance. In strong trending moves we like to trail our stop behind this level and it keeps us in the long term trends.

When trading with the above and support and resistance lines you will get market timing for your trading signals.

There are some other useful technical indicators and we like the ADX line and the MACD too - but the above are the four we use all the time. If you spend 30 minutes on each one you will soon have four powerful indicators that you can use in your own forex trading strategy, to seek currency trading success with.

Check them out, they're simple, powerful and can work for you too with a little practice.