Automated Forex Trading

If you are interested in investing in forex market it is essential that you know the basics of forex trading and learn how Forex investments can be profitable.

First let’s see what exactly is, Forex trading. The word Forex is an acronym for FOreign Exchange which is also known as currency trading. In a nutshell, when you invest in forex trading you are going to buy foregn exchange for a low rate and sell it when the rate increases to make profit. Forex investments can be considered similar to stock market in principle with some key differences which makes Forex unique.

Forex Market is open 24 hours for Investment:
Unlike the stock market, forex trading market is open 24 hours a day during the 5 business days in a week. This is because the forex trading market is global. While the stock trading is done through the national stock exchange, forex traders deal globally by exchanging currency of country for another. The traders observe the price movements and enter into a trade when they feel the price point is right, and then they exchange the currency back to close the trade to earn profit.
By the time the forex market in United States close the Asian market is open. Thus it is the foreign exchange market is open somewhere in the world all the time, except on weekends and non-business days. One of the major advantages of forex investments is that you can do trading at just about any time of day or night, according to your convenience. You might also have to take the currency pair and the trading system into consideration while deciding your trading time. You might want to learn more about the best time to trade forex.
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Traders who are interested in automating their forex system are always observing how the best performing robots work. Sometimes you don’t need to build the best performing tool from scratch. Instead you just need to get hold of the best available tool in the market and improve it make it a winner. At the Forex Robot World Cup, this exactly what happened. The master forex trading EA, Fusion V 1.1a Royal Trader or the Fusion-V1.1a Robot is finally ready.

What is Fusion V 1.1a Robot?
Fusion-V 1.1a is an automated forex trading robot developed by the FRWC team in Forex EA lab. In fact the Fusion-V 1.1a robot achieved an amazing 355.46% profit in just 19 days with 226 trades.

Why is Fusion-V1.1a Forex EA so powerful?
The FRWC developed this robot very systematically. First they organized the Forex Robot World Cup competition. Once they have identified the top 5 forex robots, the FRWC lab combined it into one single master robot called the Fushion-5 1.1a. This is a very power forex robot since all the benefits of the best Forex EAs from championship is merged into one single robot.

From February 16th you can get the Fusion-V1.1a robot by clicking the above button.

How is Fusion-V 1.1a Robot better than the Forex Robot World Cup Winners?
In Fusion-V 1.1a EA, the trading rules of the Forex Robot World Cup Winner robots have not altered. That would be a stupid thing to do because these robots have proved to work well. The team from FRWC lab built exclusive money management rules in Fusion-V 1.1a robot that proportioned the risk more evenly.

Fusion-V 1.1a Bonus
Buy the Fusion-V 1.1a Robot by clicking the link below and win exclusive bonus worth $197.
Bonus Details:

1. Automated Forex Success Secret:
   – A detailed blueprint on how to setup automated forex robots and make tons of money.
2. Online Forex Manual:
   – A forex trading bible which contains everything you need to know about earning big profits with online forex trading.
3. Step by Step Forex:
   – A step by step guide for new traders to absolutely win trades without losses.

How to Claim the FRWC Bonus?
Click the link below and by the Forex Robot World Cup royal trader Fusion-V 1.1a. Sent a copy of your purchase receipt using the comment form below. I will personally contact and send you the bonus.

The GBPBot forex Expert Advisor is set to be released in the market on 23rd Ferurary 2010.
Update: GBPBot postponed the launch date to 9th March. Not sure why the release is delayed. You can see the latest updated of GBPBot here.
You might start receiving lot of emails and big promotional messages from 15th Februray onwards. Meanwhile I am in the process of getting some inside access for you guys to investigate the truth about GBPbot and its performance just like I did for USDBot. I need to make sure if GBPbot is scam or does it really work as they claim.
Anyway here are some quick facts about GBPBot forex robot.
According to the developers, GBPBOT works on multiple currency pairs and a standard 1 Minute Timeframe. The GBPbot is designed to gain maximum profit regardless of the market condition by analyzing the trend and enter into trade accordingly. You can download GBP Bot and install the Forex Expert Advisor in a matter of minutes and let the robot run completely on autopilot.
The developers claim that GBPBot is designed in such a way that even new traders with no experience can make money using this automated forex robot.

Will GBPBot stand up to the claims? I am going to find it out and will report back to you guys very soon.

Yesterday the Forex Robot World Cup (FRWC) organizers announced the winner of their non-commercial forex expert advisor competition. And the winner is….
Drazen Ziskovic, the creator of the winning robot LMD-Multicurrency. Out of the 24 finalists who reached at the last live trading phase LMD-Multicurrency robot beat the rest of the forex robots almost all the time during the trading.
Drazen who is from Croatia received a cash prize of $100,000 as the winner of Forex Robot World Cup competition.
The second place was grabbed by Leslee Vernon Gouws who developed another profitable forex EA called HiRIDER. He is from South Africa. And the third prize went to Manolito Gulla from United States for his automated forex robot named Super-Volcano.

Congratulation to the Winners!

Have you heard about the Forex Robot World Cup competition? If you are a member of any of the forex forums or subscribed to receive email from any of the forex websites you probably might know about the forex world cup by now. So what is exactly FRWC and how is it different?

What is Forex Robot World Cup (FRWC)?
The FRWC or Forex Robot World Cup is organized with the objective of identifying the best performing non-commercial Forex Expert Advisor (forex robot). The competition is transparent and all forex robot developers have equal chance of winning the competition. All the Forex EA participating in the competition are designed to run on the famous MetaTrader 4 platform.

How is Forex Robot World Cup different?
There are lot of forex expert advisors available for sale and almost all of them claim to be the best forex robot in the world. You might have seen many review sites comparing these forex software and recommending you the best. So what makes FRWC championship different?
As you know, a forex robot is nothing but a software which can automate a highly profitable forex trading system. The true power of an automated forex robot is the trading system on which it is built. The problem with moat commercially available forex robots is that, they are created by programmers without a strong and profitable strategy. This is because their primary is to make money with forex robot sales and not from actual trading.
On the other hand, there are currency traders who got years of experience who had developed their own winning forex system. Once they are confident about the profitability of their trading system they hire software engineers to program a forex robot which could automate the trading system. At Forex Robot World Cup you can see such private forex robots in action. In fact out of 329 Forex robots submitted for the competition only 24 Forex EA got qualified for the Live Trading Phase of FRWC championship.

How is Forex Robot World Cup beneficial for Me?
The 24 Forex Robots which entered in the final phase of the competition are based on highly profitable forex system. In fact most of these forex expert advisors (forex robot) were developed by spending large sum of money, but these private Auto-trading robots are really powerful. But unfortunately we, the normal guys will not get these highly profitable forex robots since the trader developed it for his personal use.
With Forex Robot World Cup we are going to get the opportunity to acquire the best Forex Robot which was never available in the market before. On 16th February 2010, when the Forex Robot World Cup organizers announce the winner, we will have the opportunity to get our hands on the Royal FRWC Forex Robot.

The Forex Robot World Cup results are announced. You can see the winner here.

The Forex Robot World Cup Results:

After months of tough competition the Forex Robot World Cup competition finally come to end with some amazing results. The first place was won by LMD-Multicurrency robot. This Forex EA was developed by a Croatian trader called Drazen Ziskovic. Congratulations to Drazen. Well Done!
The second prize winner HiRIDER also looks very promising. One thing I noticed from the Forex Robot World Cup results is that, the HiRIDER robot was continuously improving its profit while the LMD-Multicurrency had it’s ups and downs.
Below is table showing the results of Forex Robot World Cup featuring the top 5 forex robots who won the prizes.

Forex Robot World Cup Bonus

I understand that many of you guys are interested in getting the FRWC royal trader, I thought I will add some killer bonus to sweeten the deal. Buy the Fusion-V 1.1a Robot which is the Royal FRWC robot, by clicking the link below and win exclusive bonus worth $197.

FRWC Bonus Details:

1. Automated Forex Robot BluePrint:
   – This blueprint will teach how to quickly and easily setup an automated forex trading robot which will turn you computer into an autopilot money making machine.
2. Online Forex Manual:
   – A forex trading bible which contains everything you need to know about earning big profits with online forex trading.
3. Step by Step Forex:
   – A step by step guide for new traders to absolutely win trades without losses.

How to Claim the best Forex Robot World Cup Bonus?
Click the link below and by the Forex Robot World Cup royal trader Fusion-V 1.1a. Sent a copy of your purchase receipt using the comment form below. I will personally contact and send you the web page where you can download the bonus.

Make sure that you click the above link when you buy. Once purchased send the receipt using the form below to download the bonus items.

Is Forex Cash Evolution a scam? It seems like we have a new forex trading EA (expert advisor) or forex robot released on every month. But does it really work? Let’s find out in this Forex Cash Evolution review below.

What is Forex Cash Evolution?
Forex Cash Evolution is an automated forex software (forex robot) which will run on autopilot to do all the trades for you. The whole system is based on Jeff Miller’s proven mechanical trading system which can hit trades with 92.5% accuracy.

Ease of Use:
Forex Cash Evolution is very easy to use. You just have to click your mouse buttons few times and hardly need 3 minutes to setup the forex cash evolution robot and it will right away start working to make profitable trades for you.

The USDBot is the first forex trading robot to hit in the market in 2010. Naturally we all want to know if this is another forex software scam or does it really work. The actual USDbot is going to be released in the market for general public only on 26th of January. So it is too early to give an unbiased USDbot review at this time since I prefer to publish actual user reviews and rating from real users. But I have got feedback from the beta testers of USD Bot and I am in the process of analyzing the results of USDbot.
Before we take a look at the performance of USDbot ea, let’s find out what exactly is offered in this software. The USDBOT is a 2 in 1 currency trading robot that trades the EUR/USD currency pair as well as the USD/JPY pair. The core trading strategy behind this automated forex trading robot is developed by a group of veteran traders. According to the creator of this forex robot, USDBOT will adapt to any market conditions or trends.

The members area got everything a new traders needs including Videos, USDBot installation guides, a section for frequently asked question and bonus forex products. I am preparing a video where you can take sneak peak at the members area of USDbot to see what is actually inside the members area.

Go here to find out more about USDbot.

USDBot Video Review:

The USDBot is released and I just bought it. I just finshed setting it upon my computer. The automated forex robot already started it’s job.
Meanwhile here is a sneakpeak at the members area of USDbot. See what is inside the USDbot system and how it will make money for you. Click on the review video to start playing.

Anyone who is into forex trading knows the impotence of spending time to learn forex. Since you are reading this article I would assume that you are also trying to gather as much information as possible to learn forex trading. So you are investing in the time on the forex trading education, however do you know what is the real secret to win in foreign exchange trading? What is it that currency traders require most of all if they have to make profit?

What is the Real Forex Trading Secret?
Consistency is the answer.

If you can be consistent in a fast-paced, dynamic forex market and control your own bad emotions, you have the foremost opportunity of netting cash in this wild foreign exchange trading world. Being consistent means putting on your system and your plan through everything, in each fx trade that you hit.

Naturally you need a genuine forex trading system to begin, and a method that concentrates on dependable risk management. Risk management is essential. The amount of risk may change according to the system however it should never be greater than 5% of your funds. In fact if you can keep it at 2%, it is best.

Having determined on your trading system and established it thoroughly in a demo account, you should be certain that it is a dependable moneymaking system and will work for you. It is very important to have that confidence, so continue examining if you still have any uncertainties. And Then you start to implement it, systematically. Sometimes you will have losings but it is crucial not to start skeptical about your system at this phase. Prompt yourself that it works in the long term.

Take a look through your past records if you want reassurance. Possibly you were lately having some fantastic runs with more than anticipated earnings. You don’t have to worry if you bear a downturn after that. You will be alright in long run.

If you change trading systems every time you take a loss, you cannot expect to make profit. The reason is simple. When you withdraw each time you are down, you never give the system a chance to regain. You will probably change to a trading system that has been doing good recently and then maybe it might end up doing badly when the market changes.

When that happens you could end up believing that you are jinxed since every time you go for a different trading system, it begins to fail. But it is just because you are starting into a trading system while it is at the peak and about to get a reversal. You would never do that with a single trade, and it is just as bad to do it with a trading system. In most all cases you would have done well to stay with your original trading system.

If you are a someone who inclines to move on impulse, you might want to learn to get rid off that habit with the help of your currency trading education. Again utilizing a demo account can assist, but not if you treat it as a mere game or gamble. Utilize the demo forex trading to educate yourself to be consistent in following a system rather than pursuing your impulses and emotions.

Alternatively, you could use a forex trading software like FAP Turbo which will implement your trading system with perfect consistency since it never gets affected from impulses and emotion during trading. Naturally you will need to set it up in such a way that will make money, but once that is done, it will behave precisely as it is set while you focus on your foreign exchange trading training to better your own forex trading skills.

Gone are the days where you will have to sit in front of the monitor and make frequent telephone calls to do the currency trading. With the help of automated currency trading software any currency trader can make the most of their investments from the lucrative forex market. The foreign exchange market is now bigger and more liquid than all stock markets in the world added together. Utilizing automated forex software tools can help you make the most of this enormous opportunity with ease.

Now before you experienced traders argue that automated forex trading doesn’t work and manual trading is the only way to go, I do agree that manual trading has its advantages. In fact I would advice everyone who is new to forex to learn how to trade manually so that you know the forex market and the basics of currency trading. Similar to all speculative forms of investments, currency trading is risky and the more you learn about it, the better you will be prepared to overcome the risks. Shielding your funds with risk management is one of the most essential skills that you can have as a forex trader. When you trade manually you will learn to manage your risk and learn how to handle the funds. Of course you don’t have to spend your hard earned money for this; since you can learn manual trading from a demo account, which is provide by most forex brokers now.

Advantages of Automatic Currency Trading
Automated forex trading has its advantages when compared to manual trading. However successful you may be in the forex market as a manual trader, you cannot expect to observe several currency pairs simultaneously and never miss few excellent trading opportunities. This is where automated forex trading software can help where the software keeps track of the market and do the trades automatically whenever there is good trading opportunity.

The software as you can imagine, cannot make speculations like the human brain. Instead the automated currency trading software will work according to the set instructions given by you. This is actually an advantage since forex software is not affected by human emotions like fear and greed. Once you setup the forex software it will keep working round the clock identifying trends and trading on behalf of you. This way you can automate your successful manual trading system and work more efficiently.
You can utilize the free forex platform Metatrader 4 and set this up. However you either need software knowledge or have to hire a programmer who can create automated currency trading software according to your needs. If you are an expert trader I would suggest you to go this route since investing some cash to create an automated trading system will increase return and save time.

Nevertheless, if you are just a beginner at forex trading you might not want to invest lot of money for developing custom forex software. Instead you can buy forex robots like FAP Turbo which are readily available in the market. While these software programs may not match completely to your existing trading system, you adjust the various setting including stop-loss to setup the software according to your requirements.

Use the automatic currency trading software to trade with ease to make big profits

Why is it important to learn how to identify trends?
Learning to identify trends is one of the most important aspectof any forex trader’s training program. This is your signal that the fx market is forming a constant move, either up or descending, and you can make money from it by initiating a trade. The well-known saying ‘the trend is your friend’ is at the centre of this strategy.

Utilizing trends to profit from Fx trading may seem just very easy. No doubt, it is a simplistic method, but it works … provided the trader can identify the difference between an upcoming trend and a simple fluctuation. That is where the skill, experience and indicators will help. But really it is a very easy strategy and you shouldn’t try to complicate it.

There are several different means of identifying a trend applying either charts and indicators or market knowledge . Creating trend lines on a candlestick chart is probably the easiest way. You can distinguish triangle patterns that will anticipate a breakout in one direction or the other, and match them against other indicators like the MACD indicator. It is also wise to ensure your pattern on charts for different time periods, e.g. match monthly against weekly charts etc.

You don’t need to know all the different methods for distinguishing a trend. Perfect one or 2 proven methods and you have all you need to make profit. Remember that all methods have their plus and their minus, and it is the overall profit or loss over a period of time that really matters. Do not worry about one loss, and control your risk so that a few losses in a row won’t have a big effect on your account balance or on your self-assurance.

Experience can make all the difference and that is why you are always advised to practice on a demo forex account before trying out your method on the real market. Traders with many years of experience can frequently identify patterns without even knowing that they are doing it. They don’t need to try hard to recollect the past data, but ample experience of observing and hands on trading in the markets gives them a strong understanding about trends that will frequently help them spot trends really fast. It is worth beginning to develop that experience prior to your attempt to trade with real funds.

In the beginning you might not be capable to take the whole of a trend from its opening point to its peak or trough. Actually, hardly any forex trader ever does this. You must hold back to ensure that the trend is forming. Also, never try to hold out until the end minute in order to grab every possible dollar from the trade. Set your profit target and be happy with it. For long term this will pay you better than trying to second guess the market.

Also, do not adopt any type of Fx trading system that relies on changing your position size depending on whether your last trade was a winner or loss. This could end up in catastrophe, as lots of bankrupted gamblers have experienced. If you have a good foreign exchange trading system your net profit will surpass your losses without depending on to guess work. Investing time in your forex trading education is the key to making money from foreign exchange trading.