Forex Trade – Intelligent Forex


The Forex Broker Reviews – eToro

Posted in Forex Brokers by intelligentforex on March 5, 2010

A Forex broker puts the buyers and sellers together for a fee or a commission. They are the most important element in the success of a Forex trader. If you are looking to get a clear edge from your broker, you must first find a broker who can deliver. The Forex Broker Reviews will help in your selection. If you are an inexperienced trader and just getting started, choosing a broker can be very confusing and intimidating. Forex trading can provide very high profits and also very low. Choosing a reputable broker can be a critical factor in your financial success as a Forex investor.

As you master your trading skills with several training courses you will want to venture forward into the world of currency exchange. Make an informed decision and research Forex Broker Reviews. The broker’s success is tested and documented. They will tell you if you if the broker you ave chosen is a scam. They also keep a listing of brokers with reviews and the actual comments. Take a couple of days reading the reviews and checking out their websites. You’ll be able to see he lists, rankings, ratings and comparisons of the brokers in the Reviews. The more time you take to prepare can only prepare you for a strong future in the Forex trades.

There have been many horror stories of how haphazard some brokers have handled the client’s investment. Some people are ruthless and have no intention of doing what they have promised you. An example of this is giving a broker money and expecting a transaction/profit to occur, when in reality, the broker never actually made a purchase. He will then come up with some excuse and in the meantime keep your money. This actually happens quite often to newbies and is called a bucket shop. In the Forex Broker Reviews you can look for a regulated and secure environment for your trading.

If you think that you or your company have been treated unfairly you can report the broker to Forex Broker Reviews so that others will be warned. In the meantime, as you garner your courage, I recommend an entertaining and easy to use activity, eToro. This is a Forex trading platform in a game like setting. When you know it’s time for the real thing, be sure to find a broker with a spotless reputation, that you are comfortable with and can communicate clearly with.

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Forex Trading Strategies – Your Tool to Success

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

Foreign exchange is truly a competitive world. To be successful in this field is to be armed with tried and tested Forex trading strategies. Even though so many Forex system claims that their program will make anyone millionaire overnight, it is better to learn your way and find one that is really working.

Before entering the Forex market, it is advisable to create a list of Forex tactics that are based on facts and proven by research. Do not be tempted by Forex systems that make promises of huge earnings within a small period of time. It might be intriguing to try this kind of software but being careless will only make you suffer.

Engaging in the Forex market is a learning process. Failures will always be a part of this world but with the correct Forex trading strategies failures will be lessen. No system can promise you a hundred percent failure-free path but the more information you gather, the more chance you will achieve success in a period of time. Although Forex software is created to make your trading experience pleasurable, it will still be useless if wrongly applied. Thus, developing a Forex trading plan is really a must. Here are some factors you might want to consider in creating your own Forex strategies.

The forex market is an ever changing world therefore it is also a fact that there will never be a perfect and permanent plan. Forex methods should always be evolved and adjustments are needed to be able to adapt to the constant changing market.

Set your goals. Determine the amount you are willing to invest and if you are going to be a buyer or seller. Better to be decided before doing business. Know your limits. Establishing limitations is a smart move in any business. If you know how to enter in the Forex world, also learn how to exit. Evaluate situations if you should continue or stop trading.

In any business, patience is considered a virtue. Note that Forex market is a lengthy operation. Work hard in order to gain success. Finally, gather knowledge as much as you can. There are so many free sources of information such as forums, books and online web sites that anyone can avail. Bear in mind that the Forex trading strategies you apply in this market will determine your success or failure. Do everything you can to have leverage.

The 4 Week Rule A Free Robot That Works!

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

Many forex traders want to use forex trading robots and buy them off the net but there is a free one we are going to look at here which, makes big profits and will beat most of the sold ones and it won’t cost you a cent.

The 4 Week Rule was originally devised to trade commodities by the Richard Donchian who is considered the grandfather of modern trend following. This forex trading robot is simplicity itself just one rule:

Cover any short positions and go long when a price exceeds the highs of the previous 4 calendar weeks. Cover any long positions and go short when a price falls below the lows of the previous 4 calendar weeks.

How simple is that?

Very, but don’t think because its simple it doesn’t work – run it across any currency and look at a forex chart and you will see it does.

It’s really a simple breakout system and will get you on the side of every major trend.

There is a downside though – if the market doesn’t trend, it can get whipped in and out in these situations however, you can combat this by adjusting the exit rule.

A very simple way to cut drawdown is to exit on a shorter time scale – say a 1 or 2 week low or high and you can also consider exiting with a moving average.

Long term, this system works and will continue to work, as currencies always trend and are unlikely to stop trending.

Most traders though won’t consider using this system for the following reasons:

– Its to simple – traders seem anti simplicity even though it works!

– There are not many trading signals, so it doesn’t suit the action man trader.

– Its not trendy – it doesn’t quite have the ring about it, of a system based on expert or artificial intelligence technology.

– It’s not fussy about pinpoint timing. Most traders are obsessed with trying to predict market price (even though you cant) while this one simply reacts.

It makes money and that’s the real test of any forex robot. Some of the top traders in the world have used it, such as Richard Dennis so, if it’s good enough for him, it’s certainly good enough for you and me.

If you use the 4 Week Rule and follow it with discipline, you can add an extra dimension to your forex trading strategy. If you are thinking of buying a robot then this one is more than likely to beat it and it’s free.

Most of the forex trading robots sold online come with simulated, made up track records all done in hindsight only and no real trading; the 4 Week rule however comes with a pedigree.

So there you have it, a free forex robot that actually works and you can use to make forex profits. As the song goes “the best things in life are free” and in terms of forex robots the song is very apt.

How a Beginner Should Trade With Forex Trading Robot?

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

Initially Forex market was considered as a business place only for banks and multinational companies, but with the passage of time individual traders started participating in this money market and now a large number of individual traders are earning goof profits. You can start trading with very little amount and have a fair chance of winning a good amount of capital. This quick money making is attracting many traders towards Forex trading, but as it’s a difficult job, many traders opt for Forex robots.

Forex market is a currency trading market, unlike other markets this market is open 24 hours a day. Risk is the biggest factor involved in Forex trading. If you are not ready to take risk, you might not be able to win good profit. Many new traders are using Forex robots. Forex robots are basically Forex Software, which are specifically designed for currency trading. These software have in-built set of rules which enable the robot to enter and exit a trade automatically. Every trading robot has its own technique and trading style. There are few basic settings which trader can adjust according to his needs and software will work accordingly.

One of such Forex trading software is Forex Megadroid. Like many other Forex software it is 100 % automated robot, which can work 24 hours a day. It is reliable as after adjusting the settings you can leave it alone and it will keep working as an efficient assistant. Its winning percentage is more than 95 % which shows the accuracy of prediction. It is very easy to install and understandable for the traders, it can start trading immediately after installation.

Forex trading robots can help traders especially the beginners as good robots can also act like expert advisors and can guide the trader in making fruitful deals. New traders can learn the market complexities with the passage of time but in the beginning a good trading robot can help to learn about the Forex trading. Important thing is to choose the right automaton and then use it with correct settings.

Forex Trading Made Simple – Simple Tips Anyone Can Use to Get on the Road to Triple Digit Profits!

Posted in Forex Tips by intelligentforex on February 5, 2010

Forex trading is essentially simple yet, its a well known fact that 95% of all new traders lose money here, we are going to look at the errors you need to avoid and what you need to do to get into the winning 5%, who make huge regular gains.

Forget about making money with no effort or buying success, if your are thinking of buying a cheap piece of software to help you win, don’t bother trading Forex. Forex is a profession and you have learn skills and NO ONE, will give you a lifelong income with no effort for a couple of hundred of bucks or less. While you have to work for your success, the really good news is contained in the next point which is:

Simple systems, tend to make more profits than complex ones, because there more robust and have fewer elements to break. Base your system on trading the big long term trends that yield the really big profits and if you do this, you will spend less time on your trading and make bigger overall profits.

Ever wondered why if anyone can learn to win 95% of traders lost 50 years ago, lose today and will lose in the future despite, all the advances in technology? The answer is technology does not improve the odds of success traders lose because of their mindset.

The simple fact is most traders run losses and hope they turn around and lack the confidence, to run profits and snatch them early. When trading you need to not only have the discipline to cut losses and take them, you must have the courage to run profits – can you learn to do this?

Of course you can, adopting the right mindset is a choice and all you have to do is make that choice and accept you will have losses but know by keeping them small, you will get big trends you can run for profits.

So learn a simple system, trade it with discipline, keep losses small and have the courage to run the big profits and Forex trading success can be yours – it really is that simple!

4X Money Trading – Tips and Tricks

Posted in Forex Tips by intelligentforex on February 5, 2010

Forex trading is essentially the buying and selling of currencies from around the world on a centralized foreign exchange system. The basic means of making money in this area is to capture the differentials in currency prices.

For example, if you purchased Japanese Yen you may be able to trade 104 Yen for every dollar. If the Yen then moves up in value against the dollar, you can buy back into the dollar at a better exchange rate.

Foreign currency trading is done in lots of $100,000. While this sounds daunting, the foreign exchange system allows high margin rates. Of course, margin increases your exposure to loss, so you really have to know what you are doing.

One recommended way to get around this is to trade a mini-Forex account, and to use a Forex trading software package. This option allows you to trade in $10,000 lots. Therefore, with the high margin allowances in the Forex, you could make trades with as little as $100. One cautionary note about small trade sizes however, is that you will need bigger pip differentials to make a decent profit.

Currencies fluctuate for a variety of reasons, and predicting these fluctuations can be accomplished with technical analysis, and observation of current events, politics, and the economy of the country whose currency you are interested in. Many traders choose to focus their efforts on one foreign currency and look for buy and sell signals by trading the dips and swells of that currency.

As you gain exposure to the Forex business you will notice the frequent use of the word “pip.” The Forex market trades currency prices in pips. A pip means “percentage in point.” In the Forex world this pertains to the fourth decimal point, which is equal to 1/100th of 1%.

Forex trading can be complex, so again, advanced training is highly recommended for new traders. Overall, here are some common Forex tricks and tips to get you started:

· Use a 15-minute chart to monitor dips and swells.

· The majority of currency trading focuses on the following currencies: U.S. Dollar, Japanese Yen, Euro, British Pound Sterling, Swiss Franc, and the Australian Dollar.

· As you gain experience you will not for bigger pip spreads in your exchange differentials. A pip spread of 20 is generally considered a good trade.

· Normal technical analysis techniques you may have used in stocks do not necessarily work in currencies. You will need to learn technical analysis specifically designed for Forex.

· Minimize losses by setting stop-loss orders.

· Be careful how you interpret tips and your gut instinct. Learn to base your trade decisions on verifiable facts.

Forex, options and futures trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets. Don’t trade with money you can’t afford to lose.

5 Key Losing Mistakes Novices Make You Must Avoid

Posted in Forex Education by intelligentforex on February 5, 2010

If you want to win at Forex trading you need to avoid the following key errors that losers make, there easy to avoid and there enclosed.

These mistakes are in no order of importance, there all vital to avoid! So make them part of your essential Forex education.

1. You need to make an effort and get skills and confidence

You will see a vast number of Forex Robots and Expert Advisors offering you an income for life for a nominal cost but they don’t work. If Forex trading was as easy as paying a couple of hundred dollars and sitting back and making easy money, the whole world would be trading and 95% of Forex traders wouldn’t lose money.

2. Don’t work Hard work Smart

You don’t need to work hard at Forex trading, because it’s simple to learn and simple systems work best. Many traders think the harder they work the more money they will make but this isn’t true. Complicated clever systems always break in the brutal world of trading, so keep it nice and simple.

3. Beware of Prediction

Lots of vendors sell the story you can predict prices of Forex in advance but you cant – you need to trade the reality of price change, sure you won’t catch the exact low or high but you can make a lot of money. Always wait for a move to start before getting on board.

4. Don’t Chase your Tail

Traders are always switching systems, to find a better or perfect one but there is no such thing as the perfect system. Stick with one and keep your losses small when you have them and run your profits; you can’t win all the time but you can make a lot of money, so be patient and accept losing trades in the short term and focus on the long term.

5. Always trade with discipline

This is the very key to Forex trading success and if you can’t trade with discipline, you don’t have a system. Traders lack discipline because when they lose, they get angry and start to run losses and deviate from their system rules; if you do this you will lose. Discipline is based on confidence and knowing what your doing and comes from a sound Forex education.

Anyone can Learn Forex Trading

Forex trading can be learned by anyone but you must know the rules of the game to succeed and avoid the 5 mistakes that loser’s make we have just looked at.

If you can avoid the mistakes, get a good education and get confidence, you can trade with discipline and make a lot of money at Forex trading.

6 Vital Tips for Novice Traders

Posted in Forex Education by intelligentforex on February 5, 2010

If you want to make money in currencies you need the right forex education and it’s a fact any trader can learn forex trading and be successful but most fail to make money. This article will give you 6 tips so you can enjoy currency trading success.

Here are your forex tips in no order of importance but there all essential to your trading success.

1. Success Rests On Your Shoulders

No one else can make you rich you have to understand what you are doing to get the confidence to follow your path with discipline. If you don’t understand what you are doing then your discipline will go as soon as you have some losses.

If you cannot follow a forex trading strategy with discipline you have no system.

2. Forex trading is NOT easy

Anyone can learn to trade but the really hard part is the mindset to succeed.

Do not believe anyone who tells you that it is and sells systems saying that you will make money every month or they can predict prices they can’t. There is a huge market for these systems and there mostly junk and come with a worthless simulated track record. As we said success comes from understanding what you are doing and self education is the key that will make you successful.

Forex trading is not easy and wouldn’t expect it to be with the rewards to be had but the good news is – it’s not that hard either.

3. Work Smart Not Hard

Most traders think the harder they work the more money they will make. In many areas of life this is true but not in forex markets! You get paid for being right with your trading signal and that’s it.

Work smart and learn the right knowledge and avoid all the common myths that most traders fall for which include:

– Day trading systems make money.

– You need to predict forex prices to win.

– The more complicated your trading strategy the more likely you are to win.

– Trading news stories is a great way to make money.

None of the above are true – there all myths we have covered even more in our other articles so look them up.

4. Use Forex Technical Analysis

It’s simply the most time efficient and best way to trade.

You can learn it in around two weeks and then spend just 30 minutes a day executing your trading signals – and that’s it. All you need to do is learn to act on the reality of price change and not predict.

5. Keep it Simple!

Simple currency trading systems work better than complicated ones, as they tend to be more robust.

Complicated systems fail in real time trading as they have too many elements to break.

6. Know Your Trading Edge

Your trading edge is something that will give you an advantage that will allow you to make profits when 95% of traders lose. You must understand it and be confident that it will lead you to forex trading success. If you don’t know what it is you don’t have one and its time to continue with your forex education until you do.

As you can see form the above your forex education is all about working smart not hard and getting the right knowledge and mindset to succeed. If you can learn currency trading the right way, a life changing income could be yours.

The Best Forex Education For Beginners

Posted in Forex Education by intelligentforex on February 5, 2010

There are many options available to get an education trading the forex. A new trader can quickly get overwhelmed by all the information available on the internet. There are all kinds of opinions about what are the best techniques and strategies you should learn. When looking at all these sources it’s easy for a beginner to become paralyzed by too much information to choose from. So what is the best forex education for beginners?

There are as many opinions as there are traders who will give conflicting advice as to what strategies and techniques you should be learning. This is what most traders spend their energy on, pursuing that one perfect technique, that one strategy that will make them money. That’s why most traders end up spinning their wheels and never see the profits that are available from the forex. As a beginning trader you shouldn’t concern yourself too much with techniques and strategies. The best forex education for beginners is education that will focus on you becoming a good consistent disciplined trader.

Until you can become an effective trader yourself, all the techniques in the world are not going to do you any good. Most new traders will continually learn one system and then move onto the next because the previous one didn’t work. It’s usually not that the system didn’t work, it was that the trader wasn’t being consistent working the system.

As a beginner you should be doing your trading on a demo account. Find one or maybe two trading systems that you like and just concentrate on trading the system with consistency. Work on not allowing your emotions to affect your trading decisions. Don’t worry about whether your demo makes a profit or not. This is just practice time, the goal is not to make money yet, the goal is to become a consistent disciplined trader.

Whether it takes several months or a year or more keep your focus on consistency. After you develop that then you can start working on getting a system that will make you money. Until then if you want to make money you will be better off using automated expert advisor software. This software also called a robot will trade a system for you. Many of them have built in time tested systems that are known to make a profit. These programs don’t have emotions or bad habits to overcome. They just trade the system consistently.

You can learn a lot by watching a good robot trade and make a lot of money in the process. If you are interested in trading manually and want the best forex education for beginners, focus your education on yourself and your trading habits first until you become a good trader. If you want to make money now get a robot.

Forex Broker Scams

Posted in Forex Brokers by intelligentforex on February 5, 2010

If you already trade the Forex market, this isn’t new to you. Although, if you are a beginner, please be aware that this is a common thing in Forex.

For trading in any financial market you need a broker. As the Forex market isn’t regulated, you have to make a better due diligence to find a good broker than in any other financial market that is regulated like stocks, futures or options.

I have encountered several things that you should avoid in a broker. All the criteria I’m going to refer have to be accomplished in order for you to have safety of funds.

In the first place, you should avoid forex brokers that are based offshore, in third world countries or brokers that don’t even state where they are based. I’m telling you this because of the safety of your funds. As there are many forex broker scams, you need to pay special attention to this factor. If your present broker or the broker you are thinking of opening an account with has this characteristic, my advice is to look somewhere else.

In the second place, the forex broker you choose can’t trade against you. This may seem new to you but there are a lot of forex brokers out there that are doing this. Of course, as they are stronger than you, a simple trader, they will always win and you will always lose. Please be aware of this situation.

In the third place, you should read reviews about your broker or the broker you are thinking of using. It is always important to read what other traders think about them, their executions, their spreads and even their customer support. You should read their webpage but nothing is better that asking or reading about them from someone that is already using their services.

Finally, don’t let the money and greed talk too loud. If a forex broker allows you to trade with just $100, it’s because they allow you to have a big leverage. Using big leverage is not a good idea because, if you have a small account, you can get ripped off with just a loss. Of course, you can use this leverage in your favor if it is a small percentage of your money. But if you’re trading with just $100, there’s no space for leveraging without incurring in a very high risk of losing your entire account in a single trade.

Don’t get discouraged by the fact that there are so many forex broker scams. There are also good and solid forex brokers. You just have to do a deeper search in order to find one that fits your needs and your security.

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