Automated Forex Trading

Forex Black Panther is going to launched within an hour from now. Like most of the automated forex trading robots, the ForexBlackPanther also created a huge buzz and if you have subscribed to some forex guru’s forex newsletter, he probably had send you an email by now talking all the good things about the Forex Black Panther robot. But does this currency trading expert advisor really works? Or is forex black panther a scam like the numerous other forex EAs that were released in the past few months? In this Forex Black Panther review we are going to examine the performance of black panther, the features and our review conclusion based on actual results.

Forex Black Panther Review
Unlike the regular robots the Black Panther is equipped with 3 Unique Technological Features.
1. P.E.T.E (Price Event Trend Extractor) which pinpoints the emergence of new trends with high accuracy.
2. Multi Dimensional Price Analysis and
3. Built-in Elite Portfolio Management

The above 3 unique features takes Black Panther above the rest of the robots available in the market today.

Euro USD is one of the most popular currency pair in forex market. Most of the traders when they start out making money with forex trading they go for Euro trading against the dollar. However, unfortunately most of these traders know practically nothing about the Euro trading. The only thing they look for is the euro to dollar conversion or the exchange rate. But when you are doing currency trading in euro there couple of significant facts that you should be aware of.
Unlike other currencies the euro is a very unique currency because it is not the historical currency of any nation. The euro was introduced after the formation of European Union or the European Economic Community. The European country leaders and European bureaucrats realized that it would boost their economic activities if they have a common currency. Today, Euro is the second most traded currency (after the US dollar), in the forex market. Naturally Euro is a very significant power in financial markets.

History of Euro:
The European Economic Community or the European Union was formed as a means of lowering trade barriers between nations in Western Europe. Over the years it has extended to include countries in Eastern Europe. However the most important factor for expansion of euro trading is the formation of the European Monetary Union (EMU) and the introduction of the currency euro, which happened during the beginning of this millennium.

Facts You should know while Trading in Euro
The euro is controled by the European Central Bank (ECB). Because of its status as a multinational regulatory bank, its remit is a little different than the US Federal Reserve. The European Central Bank is concerned solely with interest rates and maintaining price stability within the Euro zone, while the Federal Reserve and most other national central banks also have to consider the effects of their decisions on employment levels. Read the rest of this entry »

A Forex demo account is an excellent tool for learning currency trading without losing your hard earned money. These days most forex brokers offer Forex Demo accounts since they know that the beginner traders love to test the trading systems before they start trading with real money on live accounts. But many new traders are worried if the forex demo accounts are real deals or are there any hidden costs which the broker is not telling. Well let’s see how exactly the forex demo accounts works and what are the precautions you should take while using a forex demo account.

Why do Forex Brokers offer Demo Accounts?
The Forex trading brokers offer demo accounts or virtual trading account because they want you to try out their trading platform. Brokers hope that you will like their trading platform and find it easy to use and perhaps choose their service for your trading needs. They know that once you make money in your demo account, you will be more likely to invest real money with them. These types of offers are natural in any business. You know the fitness centers offering one week trial. If you like their facilities you continue by becoming a paying member or you quit. Same techniques apply here as well.

Recommended Forex Broker: DukasCopy Swiss Broker

Forex Demo Account Tips:

There are few things you must take care while dealing with a forex trading demo account.
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FAP Turbo is one of the few profitable forex robots available commercially. In fact the success of FAP Turbo robot resulted in big influx of new forex robots though most of them failed miserable. Despite of the fact the FAP turbo got proven results; if you search on internet or forex forums for a FAP Turbo review you will find mixed responses. Some traders swear that FAP turbo is the best one in the market while others complain that it doesn’t work. Why is it so? The answer lies in FAP Turbo settings of individual trader.
The experienced trader would try different currency pairs, tweak the FAP Turbo settings to test and analyze the results. Eventually they will come up with the best FAP Turbo settings to make money with forex trading. If you are just starting out forex trading with FAP turbo you might want to know the best FAP turbo settings straight away. Naturally the first thing you probably did was searching on internet and forex forums for settings of FAP turbo. Beware! Many of the free information floating around on internet are inaccurate and fake. You don’t want to risk your funds by entering the wrong settings inside FAP turbo robot. Unless you trust the person, do not believe anyone who is offering free FAP Turbo settings on forex trading forums. Moreover Steve, the creator of FAP Turbo expert advisor often updates the software and the old settings may not give good results on a newer verion. So the next question you probably have is, “Where can I find the best settings for FAP Turbo robot?” That’s exactly what I am going to tell you.

Recomanded settings for FAP Turbo Robot

Rob Casey, the author FAP Turbo Expert Guide regularly updates the settings for this highly profitable forex robot. You can see the latest FAP Turbo setting by Rob here...

My suggestion is to go with Rob’s optimum settings though you might have to spend some money to get it. It is better to pay for the best FAP Turbo settings guide than spending countless hours on testing by yourself or losing all your money in your forex account by entering some fake settings you found on a forex forum.

Are you looking for the best forex expert advisor? Automated forex trading is huge right now for a very good reason and the best expert advisor is in big demand. Profiting from foreign exchange is easier than ever if you have the right system and have it automated. Let’s look at some of the reasons why.

1. Hands Off Trading
The best expert advisor will save virtually all of the time that you now spend searching and watching the forex market for trading opportunities.

If you go live with it right away you will need to keep a close watch on it at first, of course. It is better to set it up in demo mode to start. Then you can leave it autopilot right from the get go, and just go in and fix any problems with the settings until it is consistently making money in your forex demo account.
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Bird Watching In Lion Country 2010 by Dirk Du Toit’s is an updated version of the revolutionary forex guide. Bird Watching In Lion Country is a wired name for a forex trading book. But despite of the weird name, the original version of this book which was released over 5 years ago has become extremely popular and emerged as one of the best selling currency trading eBooks ever. In this Bird Watching In Lion Country 2010 review, we are going to examine the details of this guide and how it can benefit you to earn money from forex trading.

What is inside?
According to Du Toit the forex market is a dangerous jungle or the lion country. You know that well. Do a search on google for forex trading and you will see hundreds of websites and gurus claiming that they will teach how to make big bucks with forex and how the automated robots can make easy money etc. And you often wonder why can’t they use their system to trade and make money. The fact is that there is no easy money. According to Du Toit’s if you want to go bird watching in lion country like forex market, you must know the dangerous and learn which is the best route and which routes should be avoided to reach your goal.

Is Bird Watching in Lion Country suitable for me?
If you want to do manual trading and make big profits in the long run, then this book is for you. On the other hand if you are looking for a simple forex trading system based on an indicator you might want to consider one of the popular forex robots like FAP Turbo.

What is New in 2010 version?
The guide covers all forex trading essentials quite comprehensively. The new Bird Watching in Lion Country 2010 gives an additional focus to a number of things such as drawdown which were not explained in detail in the first version. As you know drawdown is critical for determining risk and therefore it is an indispensable part of any flexible forex trading system. The new version also consists of case studies of real trading examples.

Download Bird Watching In Lion Country 2010 here…

When you learn forex trading you might have come across the terms stop/loss and limit order. What are they and how they benefit for you to make money from trading?
Limit order and Stop/Loss are conditional orders. We call these conditional orders because they will not come into effect unless certain conditions are met. There are two types of conditional order that you can place while trading forex. They are the stop loss (which is also known as stop/loss) and the limit order.

The Stop/Loss
The stop loss is a familiar order that controls the risk involved in a trade. With a stop loss, you are giving instructions to the broker, “If the price goes this far against me, I want out.” So if you have bought a currency pair expecting an increase in price, but then the price falls, your whole account balance will not get wiped out. The stop loss will be triggered when the loss reached at certain level according to your settings and protect the majority of your funds.

A Limit Order
A limit order is similar but applies to the opposite situation, the condition where you have a winning trade. With a limit order, you are instructing the broker, “If the price reaches this level, that’s enough, I’ll close there and take it.” Once set, the limit order will be activated if your pre arranged price (desired profit level) is reached and the trade will be closed at that price.

Many new forex traders are reluctant to use limit orders when they first start out. For them limit order seems counter intuitive. After all if the market is going your way, why would you want to close the trade? Wouldn’t you want to hold on as long as possible to get the most profit out of it? This is a serious mistake committed by many new traders.
The trouble with that approach is that sooner or later the price will reverse, and often it does it sooner rather than later. If you do not place a limit order, when will you close the trade? How will you know when it has gone as far as it is going? If you wait too long, a sudden reversal could see all of your profits wiped out.

So unless you have a system that is set up with very precise criteria to tell you when to close a trade, you will probably be better off if you use limit orders.

And where do you set them? Back testing your system can be helpful here. You can check through the last months and years of markets that would trigger a trade under your system and figure out what would have been the optimal setting for the limit order. However remember that past results are not necessarily going to be repeated in the future. Testing your limit order settings in a forex demo account is also useful.

In most cases you will want the limit order to be further from your starting point than your stop loss, even after spread is taken into account. This will mean that you only have to score a 50% success rate to be in profit. Setting the limit order at twice the pips of the stop loss, either before or after spread, might be appropriate. However, this depends on your system. Don’t skip the testing.

Using limit orders has another valuable benefit too. Once you have both stop loss and limit order in place, you can walk away from the computer and get on with your day. Though you won’t get the kind of freedom you can achieve through automated forex trading robots, with limit order and stop/loss in place there is no need to watch every little fluctuation of price until one or the other is triggered. This reduces stress and makes it less likely that you will panic and deviate from your original plan. So using limit orders in forex trades makes for a happier, more profitable trader.
For complete hands-free forex trading I suggest you to get a good automated forex robot like Forex Auto-Pilot Turbo (See FAP Turbo Review) or Forex Megadroid.

The Forex Brilliance robot is an expert advisor which is set to released in the market on March 24th. Right now I do not have many user feedback and reviews since the product was never released to general public so far. Their website is also not live yet.
I have contacted the creators of Forex Brilliance to get more details about the automated forex trading robot. And here you can the details and features of Forex Brilliance robot before anyone else.

Download Forex Brilliance System here…   | Forex Brilliance Results
Forex Brilliance Features:
According the developers the Forex Brilliance currency trading robot is the culmination of several months of intensive research, testing and development. It’s objective is to provide a true solution for people who want to trade the Forex market with no human intervention, i.e. using software to automate the task. The robot is designed from the ground up and gone through intensive testing and tuning to product an amazing rate of 80% winning trades since 2004. Forex Brilliance has been designed such that the user needs absolutely no experience or knowledge of Forex trading – a “Plug & Play” concept.

The creators of Forex Brilliance told me that they have ensured that the only thing the user needs to know is how to download a file – from that point onward, everything is taken care of for you. The developers truly believe that this is the best Forex product launched in many years. Forex Brilliance robot makers say that, unlike with many Forex products out there, every step has been taken to ensure it meets the highest quality standards.


I will do a detailed review after I receive feedback from actual customers to verify this claims.

Options University offers a number of home study course, live seminars and lot of study material including DVD and CD bundles. If you interested in learning more check out their website.

How To Use a Scalper EA to Make Profits

Forex scalping, if it is done correctly can be highly profitable. Using a forex scalper EA (expert advisor) can be a very lucrative way to trade the currency in Fx markets though it also very risky. Some forex traders seem to make a ton of money with scalping while others lose their shirts. So what is the difference and how can you stack the odds in your favor when you are using a forex scalper expert advisor?

1. Choose your broker carefully
It is crucial to get the correct broker when you are using a forex scalping system or a scalper robot. Many brokers do not like scalping strategies and particularly object to the quick profits that can be made with scalper software.

Usually these brokers will be market makers who will carry the risk of a trade themselves until they can match it in the ECN. If your scalper EA moves in and out of the market very fast, they do not have a chance to cover their risk, and so you profit will be their loss. As you can imagine, if you are very successful they will soon decide that they do not want your business.

Brokers who have a place in the ECN and do not have to rely on a third party are more likely to be happy to accept your robot’s scalping strategies. To find an amenable broker either ask the developers of your EA or look for recommendations from other scalping traders in forex forums.

2. Manage your risk
Many people new to forex trading assume that because scalping strategies rely on many small trades, they are less risky than systems relying on a higher profit per trade. This is not true at all. Scalping is just as risky as any other form of forex trading. Risk management is essential if you do not want to be wiped out of the game.

For the same reason it is important not to overstretch in terms of leverage. Certainly, do not choose a broker by looking for the one that gives you the highest leverage, unless you are very sure of the drawdown of your system and that you can cover it.

The problem with a high leverage means that triggering a stop loss will mean a greater loss. Sure, the profits are higher too, but when you go through a bad patch you can run through your funds very quickly. It is important that your account can take the battering. It is much more likely to be able to do that if you have kept your risk and your leverage low.

3. Understand your Scalper EA
It is also important to understand what your scalper expert advisor is doing. This means having realistic expectations about things like the number of times it will trade in a week, how much on average it will make on a successful trade, how much it will lose on an unsuccessful trade, what percentage of trades are successful, etc.

All of this helps you to know what you can expect in terms of your bottom line in the long term and what will be the optimum level of risk. When it comes to risk, by the way, always assume that the worst case scenario is at least twice as bad as the worst patch that you have seen.

You cannot rely on information from the developers or from other users in this respect. This is not a matter of trust, it is just that different variables will apply to each individual. So do your own back testing and demo testing before you start to use a scalper expert advisor live.
I suggest you to check out FAP Turbo or the new Forex Black Panther robot for automated scalping software.