Category Archives: Forex Trading

Submitted by: John W.

Forex trading can be very complicated at times but don’t get yourself be intimidated by it. It sure looks something very difficult to be engaged in most especially if you are still uninitiated to it but forex trading is in principle easy to learn and simple when it comes to actual trading. All you need is the knowledge on how it works and how it is done. This will take some time to learn and master but it can be done. Here are some practical forex trading tips you can follow to get the most out of your trading activities.

1) Have confidence in yourself. Believe in the knowledge you acquired with regards to forex trading. Build your strategies on what you learned. Don’t rely too much on what others are saying. If you are putting more confidence in the strategies of others than in yours, you will never get to improve your own strategies.

2) Do not over analyze things. Trade simple. Don’t spend too much of your time analyzing trends and researching the historical trends of currencies. Analyze them but don’t overdo it. Over analyzing things will do nothing but waste a lot of your time.

3) Stack up on your knowledge about forex trading before you get yourself into the mix. Never go in there unprepared thinking that forex trading is a trial and error thing because it’s not. The more knowledgeable and more informed you are going in, the more chances you have in making it on your first trades.

4) Trade pairs and not currencies. Your success with forex trading will depend on how right you are on a pair of currencies and how they impact each other.

5) Focus. Focus your attention on strategies and activities that help you in you trades.

6) Don’t put too much relevance in demos. Demos are great in helping you get in the game so to speak but always remember that they are just demos, they are not the real thing. So learn what you can from them but don’t rely too much from them.

7) Stick to your guns if they keep on hitting their targets. Maintain and keep on following a strategy or strategies if they are really working out for you.

8) Don’t be too over-cautious when trading. Stop undercutting yourself. Learn and train yourself to let lose so to speak. Give your positions the chance to work and demonstrate their abilities to pay off.

9) Learn to be independent in coming up with your strategies. If you seek the advice of too many experts or other traders, they will likely contradict each other’s advice. This is not good since it will cause you nothing but even more confusion and possible losses. So learn to teach and train yourself with regards to the successes and failures you’ve been through while trading foreign currencies.

Take the above forex trading tips with you whenever you are trading to help you get the most out of your trades. Have faith in your abilities, learn from your successes as well as failures and never stop learning.

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Forex Trading Tips

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Forex Tester 2 Review

by

DivisaFX

For anyone looking for a way to simulate live Forex trading using historical data, or test and optimize any automatic Forex trading system for real and accurate results, I highly recommend Forex Tester 2.

Have you ever wondered why some Forex traders learn and improve themselves far quicker than you do? Maybe you\’ve been demo trading for months or even years, while you observe people coming into the game later than you starting on their live account trading within weeks and winning. It could be that they\’re the lucky few that are naturally talented in the art of Forex trading… but it\’s far more likely that they\’ve been practicing on Forex Tester 2 and getting years of live trading experience under their belts in a matter of weeks with a broker like PFGBest.

That\’s the power of the Forex Tester 2 software – it allows you to simulate years of historical trading data as if you were trading it live and on the spot! That means that you can reap the benefits of \”repetition, practice and reinforcement\” and start your real live money Forex trading career as a seasoned veteran ready to go toe to toe with the big boys.

How The Forex Tester 2 Live Trading Simulator Works

As a beginner in the Forex markets, your biggest disadvantage is that you don\’t know what works, and what doesn\’t. The market can be very deceptive in this regard, because many times your eyes can play tricks on you by \”seeing\” patterns that aren\’t really there, or missing critical signs that a trade is about to go south. So if you\’re trying to come up with a working Forex trading strategy through live demo trading or going through the last few months of historical data, that\’s not nearly as good as being able to simulate 10 years of historical price data in a live trading format. And that\’s exactly what Forex Tester 2 will allow you to do.

With Forex Tester 2, you\’ll be able to test any trading strategy you can possibly think of and see how it performed in historical trading. It comes complete with every major trading indicator, including Moving Averages, Bollinger Bands, MACDs, Pivot Points, Parabolic-SAR, RSI, Stochastic, Keltner Channels, Heiken Ashi candles, and many more. You can also test 18 major currencies with abroker like

PFGBest

, including the ever popular gold and silver markets that have been going crazy recently.

Forex Tester 2 allows you to literally trade the markets as you would see them live in real time. That means that you won\’t know what happens next, removing any hindsight bias that would affect your trading decisions. The simulator also allows you to slow down or speed up time, so that you can \”live through\” weeks or even months of trading in a matter of days. It\’s a tremendous learning tool that blows the socks off demo trading, because you get to control time instead of being controlled by it. You get to simulate trading after work, during weekends and anytime that is convenient for you really.

Using Forex Tester 2 To Test The Viability Of Any Trading Strategy

The biggest advantage of Forex Tester 2 is that it will allow you to analyze any trading strategy and optimize it for the best possible performance a lot faster than you could with a demo account with a broker like

PFGBest

. For example, if you were trading a strategy on demo, you might realize that there is a potential improvement to your strategy after a couple of months of trading the original. You\’ll likely need another few months to confirm that your new parameters are superior, and even then you\’ll never be 100% sure that it is because you\’re not comparing them based on the exact same time period. By using the historical simulator, you get to compare like for like and determine what the better parameter is within hours, not months.

Not only do you get to use the Forex Tester 2 simulator to optimize any manual trading strategy you have, you can also use it to test and optimize any automatic Forex trading system as well. That\’s because FT2 comes with a full set of tools for back testing systems, and giving you not only the performance statistics of your system in the historical testing period, but an accurate measure of whether your system is robust enough to replicate those results in the future.

All in all, whether you\’re a fresh new trader, an experienced veteran looking to hone your skills or a passive trader utilizing automatic systems, Forex Tester 2 can and will give you an unfair advantage over any other trader out there. So why use \”stone age\” tools for your trading when you have the best cutting edge software at your disposal? Try it out for yourself with a free demo of Forex Tester 2 to see if it is everything you need to take your trading to the next level today!

Divisa Capital

LP (\”DCFX\”) is an investment house incorporated in New Zealand under the Companies Act 1993 and registered with both the Financial Services Providers Register(FSPR) and Financial Services Complaints LTD (FSCL).

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Submitted by: Winsor AGA Hoang

Finance these days can be scary, and it is difficult to figure out where money should be invested to bring the best return. Some invest in property, some in jewelry, but foreign currency trading seems to be one of the biggest forms of investing. If you are interested in dealing with the foreign currency market and wish to gain a profit, then you should really check out our automated Forex trading systems. Automated Forex trading is an efficient system to predict on the rise and fall of the currency rates and automatically execute profitable trades instantly without user intervention.

The best Forex software is the one that provides you reliability, proven trading records at a fixed lot and is affordable too! Whether it is technical analysis, or fundamental analysis, automated Forex trading system is a prospective way to do currency trading. With an auto trading system, signing up a trading account is an easy process, and moreover, at the very next moment, you would begin earning profits.

Forex market is a 24-hour market, and with automated Forex trading software users are not bound to follow the market constantly. The automated trading system monitors the market without fatigue and with complete assurance on users accounts. The automated trading system not only provides huge returns on your investment, but it also gives an edge to both experienced and novice traders. Automated Forex trading is more likely to make practical decisions even in the most erratic and real time situations because there is no emotional or personal attachment to the trades.

It takes at least 5 years for novice traders to become profitable; hence, it is recommended to use automated trading in parallel as new traders are learning how to trade. It is wise to have two accounts: one account for manual trading and another for automated trading. Users can review their manual trading account versus the automated trading account and compare for consistency and profitability.

The automated Forex trading software must work all the major Forex brokers. It must have stable and consistent results regardless of market volatility. Most Forex trading software tend to have too many features listed on their interface. This gives the traders more control but also more opportunities to make mistakes.

The foreign currency market runs 24 hours a day, 5 days a week, and it does not have a centralized exchange. Unfortunately, humans do not have the ability to follow the foreign currency market, 24 hours a day, so having a Forex auto trading system will get you ahead in the race. Forex EAs, or robots, can assist you in monitoring the market on a continual basis and perform trading activities without your intervention. Wouldn t you have a better night s sleep knowing your investment is secure and is making money for you?

Therefore, look for an automated Forex trading system that has been running in real time with a track record greater than one year. Get yourself indulged in the world’s largest trading market, and obtain an edge with automated trading system. Yeah! It really works!

About the Author: Registered Professional Engineer Winsor A.G.A. Hoang, Founder of Winsor Global Financial Inc.

Best Forex Trading Software

He is the developer 5 Forex trading systems for auto trading. His automated software is internationally ranked with live trading results published every 30 minutes. Users can following the published reports as free Forex trading signals.

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