Forex Trade – Intelligent Forex


Popular Strategies That Lose Money – Avoid Them!

Posted in Forex Trading Strategies by intelligentforex on March 5, 2010

There are many Forex trading methods but only as few work, hence the fact that 95% of traders lose money so if you want to win make sure you avoid the popular losing strategies enclosed – lets take a look a them. You would think that when 95% of traders lose money, that it would be common sense that Forex trading is not a walk in the park and this leads us to our first huge group of losing traders.

Cheap Forex Robots Don’t Work

If you see a Forex robot which says it can make you a lifetime income for a hundred dollars so avoid it. These robots are laughable, they claim better track records than the worlds super traders on millions a year in salaries and yet, none have been sacked in favour of a hundred buck robot and the reason is obvious they don’t work. The Forex robot world is one of – hyped claims, actors masquerading as traders and simulated paper track records; its a wonder that so many people believe they will work, when common sense should tell them they don’t.

Scientific Theories of Market Movement

These are popular, when its quite obvious markets don’t move to science if a system can predict the future it would be right all the time and there is no such system. The theories of Gann Elliot Wave and Fibonacci are the most popular but none are right all the time so they can’t be scientific. Perhaps the funniest one is Fibonacci, this was a theory that was designed to solve a problem to do with the copulation of rabbits and has nothing to do with Forex. Fibonacci was a brilliant thinker but he would be as bemused as me, at how his theory has been hijacked by the far out investment community and applied to Forex.

Day Trading and Scalping

In days gone by, before we had instant price information the day trader could make money and take advantage of the window of opportunity which existed between the few who had the price information quicker than the masses but this advantage has gone. All daily volatility is random, you can’t get the odds on your side and that means losses. Day trading and scalping is a lot of work for no return.

How to Win at Forex Trading

Get a simple system which is based on the reality of price change and trade it with confidence and discipline and while you may not win every trade, if you trade with the odds on your side, cut your losing trades and run your winners you can make a lot of money.

Find Forex Trading Strategies That Work – 3 Vital Tips

Posted in Forex Trading Strategies by intelligentforex on March 5, 2010

Is it possible to really find Forex trading strategies that work, consistently? Investors are always looking for an edge. This is especially true for those who trade in the Forex marketplace. There are countless individuals and companies presenting their latest idea as the best thing since sliced bread. There are numerous trading strategies out there, and new ones coming about, seemingly every day. So how can you differentiate those strategies that really work and will therefore be very helpful to you from the ones that are just snake oil? Here are three things to look for when considering purchasing a Forex trading strategy:

  1. Fraud Watch. There are many scams perpetrated upon people who are looking for get rich quick schemes. This is especially true amongst currency traders. Make sure that the product that you are considering is not listed on ForexFraud.com. This is a website that is designed to help protect people from such scams.
  2. Positive Reviews. Every new product that comes out argues that their currency trading software is the best product available. You need to see what other people think of the product. Check for reviews of the product on various trader forums. Since people can submit reviews of their own products, try to make sure that the reviews are from people who have reviewed many different products. This improves the likelihood that the review is legitimate.
  3. Money Back Guarantee. When you are considering making a purchase, you are putting your hard earned money at risk. You want to have the confidence that the product that you are purchasing is worthwhile. If the seller is unwilling to refund your money, unconditionally, then they may be trying to hide something from you. If on the other hand, the seller will refund your money, they have confidence in their product. They believe that people who buy their product will be satisfied with it.

These are the three things that you need to make sure that the tool has. It needs to not appear on the fraud watch websites, it should have many positive reviews from people, and you need to be able to get your money refunded to you if you are not satisfied with the product. If the tool passes these three tests, then you can probably consider this a reasonable tool and is worthy of your consideration.

While it may be difficult to separate the find high quality Forex trading strategies that work, it is not impossible. If you can find tools that meet the three criteria mentioned above, you are well on your way to finding a quality, useful product which will help your become a successful Forex trader.

The Evolution of the Forex Trading Robot

Posted in Forex Trading Robots by intelligentforex on March 5, 2010

The so-called Forex trading robot has now been widely known among traders in the Forex market. This is actually a by-product of programming languages that has been advanced and developed over the years. It is a system that has put mechanical and manual terms of trading in to an automated operation. This is never easy. It requires several testing before one can perfect a program designed to assist traders with their Forex trades.

The first Forex trading robot was introduced in 2008. Initially, its performance may not be satisfying until changes and improvements were done to better serve traders. Some few Forex robots were only designed to perform a technique based on currency pair. This technique may not be able to follow all changes that have been happening in the Forex market. And as we all know, changes in Forex market are on a daily basis.

Some experts say that the Forex robot will perform depending on how you set it. So, its performance will depend on your setting. You can then set it on how you want it to work.

So, how can you check if the Forex robot is right for your demands? Simple, make a trial run on at least two or three robots. This way, you can compare how the different robots perform. And then you can make your decision. This is to make you are getting what your money is worth.

Now, after several improvements on the Forex trading robots, there are new ones that have come up in the market with more accuracy and trading tasks programmed. Advanced Forex robots can now receive updates from Forex markets without any interruption. It can also do the updating for the trader. This product is good because it lessen the work that the trader has to do.

With all the changes happening in the Forex market, continuous search for more updated Forex trading robot is on the rise. And for sure, there are those who are looking for ways to provide more tasks to the traders for more profit.

FAP Turbo – Pros and Cons of This Automated Forex Trading Robot

Posted in Forex Trading Robots by intelligentforex on March 5, 2010

Since the start of Forex trading in 1977, there have been a numerous amounts of trading robots and all of them are different in several ways. During its first introduction, trading robots are only a guide for traders and help them enhance the results of their trades. If you were to enter Forex trading today, and are planning to use trading programs, well, good for you, because trading robots today are already participating in trades. It has come to a point wherein you will not be able to tell which one is the real trader and which one is the trading program.

However, with its state-of-the-art technology, FAP Turbo is still associated with a couple of disadvantages. This article will show you the different sides of this trading robot, and will let you know whether it is the right tool for you or not.

Advantages of FAP Turbo:

- You do not have to deal with mathematical equations to make a decent amount in Forex trading. If you are using this robot you are probably getting the best results without computing anything.

- You do not have to stay awake for 24 hours a day just to make a profit. This trading robot will handle everything on your behalf. All you have to do is to spend whatever amount the robot provides.

- This trading program shows more than 10 years of track record. It can be located in their official website and unlike other trading robots, FAP Turbo is a very transparent program and you can see its ups and downs.

- The profitability of this trading robot is amazing. In fact, 95% of the traders are saying that in 2009 alone, they were able to receive more than 600% Return of Investment.

Disadvantages of FAP Turbo:

- You are stuck between the trades pre-determined by the developers. You cannot have your own trading style. Although you can set it up to match your style, it will never manifest the style you prefer.

- You will never learn anything from Forex trading if you are using this robot, because you will never have a chance to use your account manually. You can open another account and conduct trades on your own. That is, if you are not contented with the results of this trading robot.

- You need to purchase a separate Forex robot hosting account to allow the robot to participate in trades 24/7. It costs as much as $70 per month, but it is a small amount if you consider all the profits that you will be missing if you are not operating your robot round the clock.

Forex Trading Robot Software

Posted in Forex Trading Robots by intelligentforex on March 5, 2010

There are a lot of Forex trading robot software out there claiming to make you money while you sleep.

I have personally tried a few of them but and while some of them do work, it won’t make you millions overnight. Such a thing simply doesn’t exist, but you can definitely start making a much better living from home or even quit your day job.

With Forex trading we can make money very fast but also lose it just as fast. So how do we do it? How can we use Forex trading robot to make money for us?

Well, I have found a way that works for me. When I use the Forex trading robot software, my goal is to make money but not too much, in other words, not to be too greedy. Greed can be the downfall of many people. It is probably the worst emotion we possess and it can ruin us. So how do we go about controlling it?

This is where you come in. The amount of money I am guaranteed to make, may not make you happy. Let’s say I constantly make about 15 pips a day on one contract, equating to about $150 a day. That is $3000 a month which is not bad if you also take into the account the little time that has to be spent on it.

I would say that trading the Forex market using these Forex trading robot software can be a big help, especially if you are a newbie and don’t know a lot about forex trading yet. Another thing that makes this Forex trading robot software even more appealing is the fact that you can try it free for 8 weeks and if you find it didn’t make you any money you can simply refund it. You also don’t need to open a real account as you can first get into the whole thing and see how much profit you turn by using the demo account.

So go for it, there is no reason why you should wait and you basically have nothing to lose. I think you would actually be totally missing out if you aren’t taking this opportunity.

FAP Turbo – Really an Effective Trading Robot For the Forex Market

Posted in Forex Trading Robots by intelligentforex on March 5, 2010

Forex trading business provides you a very fruitful opportunity because through it you can make a lot of income. Although there is a lot of potential for earning money through forex trading yet the risk involved here is also very high. If you want to make your career in forex trading, you should have proper knowledge and experience regarding that. It is essential in order to achieve a successful career in forex trading.

Many traders say that Forex trading is actually the most satisfying money making forex robot available in the market. It is considered as very reliable trading software. I suggest that before purchasing any product you should explore the facts about that through your own efforts.

If you want to take the opinion of those people who are its actual users then the best place for accessing them is the Forex trading forum. It is actually a platform for many traders and professionals who are in fact sharing their opinions, and advices on the forum. Being an active member of this forum, you would be able to get all the information easily. FAP Turbo is just like a trading assistant. Through that forum, you can ask the trader about his personal experiences related to FAP Turbo.

It is available at very economical price that is $96. Its installation process is very much easy. You just need to download the software that will be downloaded within 15 minutes. After that, follow the installation steps and just after that it would be ready for start trading. You can use the default settings that are preferable for really new traders. Moreover, you can also adjust the settings according to your requirements.

When you purchase this software, you will also receive a set of instructional videos that will facilitate the process of trading for investors. With the help of FAP Turbo, even new comers can make large profits through Forex trading. In order to check the FAP Turbo, the best way is to download its trial demo account. Moreover, with the purchase of this robot you will be able to get a money back guarantee of 60 days.

Forex Trading Tips – Things That You Can Count on For Being Productive

Posted in Forex Tips by intelligentforex on March 5, 2010

If you want to be on a certain business, you need to set up your goals and implement strategies that you need for you to attain great profit. So, you want to be in the world of Foreign Exchange, you need to keep those things in mind. Here are some of the tips that you can follow on how to get a great deal with Forex trading:

o Have a different point of view- it is actually very simple to follow certain charts and trends of Forex. Try to look out for the best way on how you could easily trade with it. Try switching yourself with every trend and be flexible enough to face things regarding this matter.

o Decide for your target Forex market- most of the people and even the professional Forex trader set up goals that they could not easily reach. So, try to make simple, yet attainable goals when you are in Forex market. On the other hand, do not expect for too much about it, as it might some times lead you in losing your money. Put things in the right places, do what you need to do and expect only little things, as you will be in a great delight once you win higher trades as what you expected.

o Do not deal too much- dealing too much is not actually a good thing for you. If you deal so much with Forex within a day, it might lead you up in losing your money. Simply think about the investments that you will deal for a day and think about the wins and loses that you have. Is the loss is greater than the amount of your winning trades? Well, think about such and see how it could help you.

o Get back to basics- with every business; you need to get back to basics, as it is one of the most essential parts of being profitable. It also goes well with Forex trading. You have to learn essential things and get yourself back to into the basics of trading.

Forex business is great, it could help you about many things and can assist you on how to be profitable. You only have to do things being mentioned above and implement them into the reality. Help yourself and let Forex help you in earning hundred of dollars within a day.

Why You Can’t Predict Forex Prices

Posted in Forex Education by intelligentforex on March 5, 2010

Many traders make the mistake of thinking that they can predict forex prices in advance. If you believe this, then you need the forex education enclosed in this article. Let’s look at why you can’t – but why it won’t stop you from enjoying currency trading success.

If you think about it – it’s obvious why you can’t predict prices in advance, because if you do, you are hoping or guessing and that won’t get you very far in life or forex trading. You will find out that your predictions are no more accurate than your horoscope.

There is a school of thought that because human nature is constant, then prices must move to a scientific theory – but they don’t. Human nature is not predictable in absolute terms and if of course there were a scientific theory of market movement, we would all know the price in advance and there would be no market. Markets actually move because human nature is unpredictable.

So if you can’t predict prices in advance then how can you win? The answer is to look for high odds chart formations and then confirm each and every trading signal with price momentum.

For example, let’s say you see prices coming into a strong level of support on your forex chart and you want to execute a trading signal – rather than plunging straight into the market, you wait for a test of support and prices to move back the other way.

Essentially you are looking for price momentum to turn around and move away from the support level, and then you execute your trading signal. Now you won’t be right in at the bottom of the move however as you can’t predict than anyway, it’s no big deal but you will have the odds on your side and the chances that the trend will continue.

How do you know momentum has changed?

You need to get familiar with momentum oscillators. We don’t have time to discuss them in full detail in this article (simply look at our other articles) but you can get a great trading edge by using them in your forex trading strategy.

Two of the best are the stochastic and Relative Strength Index (RSI). There both visual set ups and a quick glance at either of them, will help you determine if price momentum is turning or not. There are of course lots of others but the above are two of the best.

Successful forex trading is all about getting the odds on your side. If you use momentum you will achieve this – you’re not out for perfection with your market timing, you’re looking to make money and that’s it.

So make momentum oscillators and there application, part of your essential forex education and they will lead you to currency trading success.

Forex Education – Understanding Standard Deviation For Bigger FX Profits

Posted in Forex Education by intelligentforex on March 5, 2010

If you ask most Forex traders what standard deviation of price is you will me met with a blank look but understanding it is essential Forex education which if you know its significance and use it, can help you make bigger forex profits…

To show how valuable understanding it is – I once saw a trading system that only used standard deviation to generate trading signals and in just a couple of years, it went from a $100,000 to just over $1.1 million, in real time trading, simply trading changes in volatility.

Lets take a look at it in more detail, how to calculate it and a trading indicator to help you apply it in the markets.

What is Standard Deviation?

Standard deviation of price is the term that is used to statistically measure the volatility of price in any financial market (not just forex) and gives a view of how widely values (closing prices) are dispersed from the average price.

Dispersion is simply the difference between the actual value (present closing price) and the average value or mean closing price.

The wider the difference between the actual value and average value the higher the standard deviation will be. Standard deviation therefore gives you an overall view of market volatility and dealing with market volatility is one of the major challenges any financial trader has to deal with

Measuring Standard Deviation

To measure standard deviation and see how volatile a market is you do the following calculation:

Take the square root of the variance, the average of the squared deviations from the mean and you have the standard deviation.

If you find it a little confusing at the moment don’t worry as there are visual indictors you can use which will show it to you in simple terms and you don’t need to know the calculation to use it.

The Importance of Volatility

When markets are very volatile standard deviation will be high and when they are for example trading in ranges standard deviation will be low and you can see it historically and use it in your trading

Using It in Your Forex Trading Strategy

It’s a fact that periods of high volatility (price spikes) don’t last long and you can see this in any market and prices will normally return back to the longer term average. Price spikes are normally the result of the emotions of greed and fear as we as traders push prices to far either up or down.

Generally you can use standard deviation in the following way

High standard Deviation Won’t Last

When price spikes occur and standard deviation is high historically, you can look to take profits or enter contrary trades against the spike.

Buying the Average

Prices will always tend to dip back to the average in strong trending markets and this is an opportunity to load up trades in the direction of the trend.

Low Standard Deviation Moving to High and New Trends

When a market is not volatile and features low standard deviation and it turns higher you will very often see a new trend develop and it’s an advance warning to get ready to execute a trading signal.

A Visual Tool to Measure Volatility

A very useful tool which gives you a visual view of standard deviation and volatility is the Bollinger Band and every trader should be familiar with it.

Bollinger bands are volatility bands which are drawn either side of a simple moving average and combine a simple moving average with the volatility of the individual market in a trading envelope.

The outer bands show you the volatility and the simple moving average gives you the long term value of the market. You therefore can see how volatile the market is historically via the outer bands and see the value of the market at the centre band.

Just simply using the outer bands to decide when to take profits and enter new positions and buying or selling back to the moving average can be highly effective.

We will look at Bollinger Bands in more detail in the next article of essential forex education and how you combine them with momentum indicators to generate trading signals and improve your market timing.

How To Avoid Forex Broker Traps – A Question and Answer Session

Posted in Forex Brokers by intelligentforex on March 5, 2010

Forex brokers seem to be a dime-a-dozen these days. Furthermore, it seems like everyone is calling foul about his or her broker. Indeed a lot of brokers are less than honest. Here’s what you should look out for.

Q. Where can I find an honest broker offering a 1 or 2 pip spread?

A. That depends. For a mini-account or a micro-account, you can’t. The smallest spread I’ve ever seen (that was legitimate) was 1.5 pips offered by Interactive Brokers. However, they required that you have an account size of $25,000.00.

The only other broker that I know of that comes close is Oanda. They offer spreads that get very low during times of high liquidity for very small accounts. However, during other times of the day, the spread on the EUR/USD can get as high as 6 pips.

If a broker is willing to give you a fixed 2 pip spread and let you trade an account that is only $200 in size, that is a problem. I can almost guarantee you there is some shading of the price going on. In other words, you aren’t getting the real price. You’ve getting a price that will be more favorable to the broker. That means you’ll have more losing trades. The old phrase, buyer beware, has much meaning in the forex broker world.

Q. Why shouldn’t I use 400:1 leverage?

A. The higher the leverage you use, the harder it’s going to be for you to make money. The more leverage you use the more value each pip has. Since the pips are worth more, you have to risk fewer pips per trade to avoid risking your account’s wellbeing.

Here’s the problem. When you risk fewer pips, you’ll get stop too close to the market’s current price. Then any market “hiccup” will take you out with a loss. If you had lower leverage, you would have had more room for the trade, and it may have very likely become a winner.

Many new forex traders are trying to trade with these really tight stops (10 to 15 pips). That’s way too close. Decrease your leverage and give your trades some room to breathe. You’ll probably find that you have more winning trades.

Q. When I’m shopping for a new broker, what should I look for one their website?

A. Actually, you shouldn’t be looking for something. You should be looking for the absence of something. What exactly? Hype.

Anywhere on the website (especially on the homepage), do they talk about how easy it is trade forex? Do they make it sound like making money is easy? These are problems. Immediate cross that broker off your short list.

You should also look for something else. Do they make a big deal of the fact that you can open an account for next to nothing and trade at very high leverage? Those kinds of brokers are like sharks. They try to take your money. Avoid them.

In summary, avoid brokers that heavily advertise high leverage, trade with lower leverage, and lastly, avoid any kind spread that seems too good to be true. It is.

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