Best Currency Trading System – Finding The Best For Profits

Is there a single best currency trading system? The answer is no there are several, depending on your aims and risk tolerance. This article is all about finding the best ones and avoiding the bulk which lose money...

When choosing a currency trading system, you have a number that are advertised heavily which claim huge profits - but to get rid of most of them, just check the disclaimer on the track record.

If you see words hypothetical, simulated or back test this means it's NOT real trading and most are simply a back test. Avoid these systems! Anyone can make up a track record knowing the facts - but the test is making money in real time trading, where you don't know in advance what will happen.

These so called forex expert systems simply rely on clever copy and are designed to appeal to greedy and na?ve traders and are not designed by successful traders. Think about it - if the systems were as good as there track records, they wouldn't be selling it for $100 to you! They would just trade themselves and make a fortune.

Finding the Best Currency trading System

Right that's the majority of trading systems out of the way, let's find the best currency trading system for you and also look at an excellent free one which has made millions.

The two questions you need to think about are - what gains do you realistically want to make and what drawdown can you stand in terms of size and duration on your equity?

Generally the best automated forex treading systems with real time track records, will compound about 30 - 100% per annum and you can expect drawdown of between about 30 - 50%, on equity and an average drawdown of a few months.

Keep in mind currency trading system trading is long term and there are NO systems I know of that don't drawdown for at least 2 months - that's just forex trading.

You have to stick with the system and have confidence in it, so which ever one you buy make sure you have confidence to trade it. If you do, you can trade it with discipline and enjoy some great long term forex profits.

A FREE One for you to Consider

How would you like an automated forex trading system that has been used for over 20 years, was devised by a trading legend, is based on timeless logic and is simple to understand and execute?

Well if you do, look at the 4 Week Rule by Richard Donchian.

We have written in depth articles on this so look them up. This is a simple one rule system and doesn't even need a computer - you just follow the rule.

The above system has made countless millions for traders all around the world, is still used today and it works. Even trading legends such as Richard Dennis were fans of it so if you use it, you know you're in good company.

Do the Following and Enjoy Big Long Term Profits

To find the best currency trading system, disregard the simulations, go for real time track record and check growth to drawdown. Once you have chosen the system for your forex trading strategy make sure you understand it, can have confidence in it. If you do this and judge it over the long term, you will be rewarded with great profits in around 30 minutes a day or less and enjoy currency trading success.

Forex Tips ? 5 Simple Ones To Increase Your Profits

The forex tips below are all easy to do and all will help you achieve one aim increasing your overall profitability. So here are 5 forex tips for greater profits.

1. Use the Weekly Chart

I am amazed that most traders never bother looking at weekly charts but if you want to separate out ?the wood from the trees? the weekly chart gives you a much clearer perspective.

The big trends are clearly visible on the weekly chart and if you are long term trend follower, start with this chart first and you will have a clearer view of support and resistance levels and entry points.

2. Cut Your Trading Frequency

This Forex tip addresses a major problem that most novice traders have ? they trade too much.

They think they have to be in the market all the time and chase profits but the fact is, if you cut your trading frequency, you stand a better chance of success. Keep in mind; you only get paid for being right in forex trading - NOT for your effort and how often you trade!

By cutting your trading back, you can concentrate only on the high reward, high odds trades which give the best potential profits.I know traders who only trade a few times a year yet - they make between 120 ? 430%! Annually.

Their simply trading the cream of the trades and ignoring the low odds, high risk ones and there are plenty of those.

If you cut your trading, you will probably see your profits soar.

3. Risk More Per Trade

This is directly related to the above point.

If you have a high odds trade take this tip and risk more.

You will read a lot of nonsense on the net about risking 2% per trade and no more.

Well, that?s fine if you are trading 100k but if you?re a small potato trader, trading 10k or less, that?s a maximum of $200!

If you have a small account you need to load up and risk 10 -20% on the high odds trades. Keep in mind if you don?t risk much you won?t make much!

To make meaningful gains you have to take risks ? if you don?t like taking risks don?t trade forex.

4. Don?t Diversify

If you are trading a small account don?t diversify!

You need to load up as we have said above and concentrate on one trade only.

Diversification is simply another word for diluting profit potential and is something a small trader should not engage in.

5. Use an Account Profit Target

What s a realistic target to make per annum in forex trading?

You may have your own ideas - but if you made 100% that puts you up there with the best fund managers in the world.

You will often see people look at risk per trade but looking at your account overall and using a profit target is highly effective.

You will often see trades that give you big profits in short periods of time and if they are a substantial ? i.e. more than 25% of your 100% bank them.

Have a break and start again.

If you hit your profit target for the year early - decide whether you should trade again at all or at the very least give yourself a deserved break.

The tips above are really saying:

Focus only on the best trades with the best odds, load them up and have a target -if you do the above, chances are you will make bigger profits.

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The Dollar is Still Dropping – Buying Gold is The Only Recession-proof Investment You Can Make!

In 2008, financial experts advised their clients to buy gold because the times would be tough. That time, those financial advisers may have been thought to be prophets of doom but with the downfall of dollar, to invest on gold was the best solution people might turn to. Gold prices have reached $1853.14 as of this writing and in spite of what the President Obama claims, this is a sign that the investors are not having a cool time with their trust in the stocks, bonds and other currencies.

The investors are putting where they know their money is going to be safe, and that is gold. You will be able to buy gold in alternative ways but the preferred way at the present time is buying it online. Some do not buy gold at all, instead they choose to sell them for they need the money that they can no longer access. The unemployment is plunging, the worth of the dollar is outrageous and the rest around the globe that relies on the US dollar is suffering alongside the Americans. What is ridiculous is that China seems to be in a better position than the US currently and what's even worse, they don't owe anyone money, instead, the US owes them.

The pawnbrokers are actually buying gold, wherever they could access them. Investors are turning their investments and money into gold because they know it is safe and unwavering. And where will this drive the gold prices, further up, unfortunately. But fact is, those who can afford to buy gold online or from other sources are only those who have extra cash or people who can afford to invest on them. Sadly, they only form part of a big population who are left no other choice but to sell whatever amount of gold they've got with them. If you've got the money, investing in gold is the best you can do to keep it safe from the consequences of recession.

Otherwise, you would be like what most are doing; selling off the gold in their possession and it's not getting any better. With the downgrading of the US from a triple A country to a double A, is it any wonder how the dollar is dropping and continues to fall? Is it any wonder that the gold prices are steadily increasing by the day? If you have money set aside, yes, it is the time to buy. If you won't, you already know what is best for you.

Forex Alerts Are A Handy Way Of Staying On Top Of The Market

Because currency exchange covers the entire world and all 24 time zones, forex is a 24-hour-a-day market. This is good in that it results in billions upon billions of dollars of transactions per day. But it also means that forex traders have a constant influx of information to keep track of, unlike the stock market, where once trading closes at 5 p.m., that?s it. So how do forex traders stay on top of things? Most of them use forex alerts of some kind.

Forex alerts are available from many online forex brokers and other companies. A forex alert is simply a message sent to the user informing him of the latest developments in the forex market, often recommending action of some kind. These alerts can be sent via e-mail or cell phone text message.

The idea behind them is that no one can follow all the markets all the time. Even if you limit yourself to just the ?majors? -- U.S., Eurozone, Great Britain, Australia, Japan and Switzerland -- that?s still 15 currency pairs to keep an eye on. What?s more, sometimes things are steady for long periods of time, while other periods are marked by great activity.

The sites that offer forex alerts go about it in one of two ways. Some simply send out alerts every 24 hours, offering the latest info on the forex market. Others send alerts only when something crucial happens. These systems use formulas of their own to determine what constitutes ?something crucial,? and they may charge a lot more for their more specific alerts. And of course it?s still up to the individual trader to act on or disregard the information send to him in the alerts.

Some brokers include forex alerts as part of their service, while others charge for them. Some are part of a wider alert program that also handles your stocks and bonds. You can tailor the type of alerts you get based on whether you?re a conservative or aggressive trader, and how actively you plan to trade.

Serious traders who use forex alerts swear by them. No system is perfect, of course, and a smart trader will always do a little browsing on his own to make sure his latest alert didn?t miss anything. But alerts are an invaluable way for busy investors to go about their daily lives without having to constantly watch the forex rates.

Fap Turbo – How Does It Work?

For many people trading on the foreign exchange is a complete mystery. Beyond that they don't even know where to begin when it comes to selecting a software for trading, such as FAP Turbo. They jump around from technique to technique or software to software not really knowing what they're doing. The plain truth is that to get better at trading, you need to know how it works and what you're doing. We want to give you a helping hand with a few tips about FAP Turbo.

You've no doubt heard about it, the software is generating huge amounts of buzz in the forex industry. It is of course, FAP Turbo and its the latest in the line of Automated Forex robots that actually trade the market for you. All you really have to do is plug the software into your MetaTrader4 and it takes all of the guess work out of trading. In fact, it takes all of the work out of trading entirely. If you so desire, you don't even have to look at the screen (although I advise doing this for a while at least until you understand the basics). Now, lets take a deeper look at it and find out exactly WHAT is going on.

The workings of the software are actually quite simple, yet the analyzing quite complex. You see, not a lot of people will tell you this but software of this kind is actually quite basic in nature. You heard that right, there isn't a lot to it and they are all built using the same programming language. What is complicated is the algorithm and analyzing. This is really what you're paying for. Experts in the field have devised methods of trading that yield good results, and they port this technique directly into the software for you.

All that is involved for you is to install the software on your computer, hook it up with MetaTrader4 and then just sit back and watch. The software works by analyzing the market and placing trades and pulling out when it deems necessary. For example, you might select to trade the EUR/USD pair and set FAP Turbo on its merry way. It will then analyze the market, decide on the appropriate course of action and then through your computer place the trades. It couldn't be simpler.

The fact that the software does everything for you is a huge benefit because:
* You don't need to pay large amounts of money for companies to give you the signals, the software takes care of that.
* There's no need to wait around all day waiting for signals that may never come. Let the FAP Turbo system do the analyzing for you
* You don't need to learn anything about trends and analyzing

Making a Wise Dinar Investment Can Bring Back Good Returns

Many people get confused between Iraqi dinar and Kuwaiti dinar. The valuation of both the currencies is different. Many people look for dinar investment as a mode of savings for the future. It has become quite common to buy Iraq money to store up something for the coming days. People expect high returns on dinar investment. But they must understand that the investment is fruitful only if it is Kuwaiti dinar. Iraqi dinar does not have that high valuation as compared to Kuwaiti dinar. It is expected that the valuation of Iraqi dinar will get better with time and the investment will fetch good returns. Just make sure to buy Iraq money from trusted and reliable sources so that you do not face any kind of scam or scandal for the same.

If you are planning dinar investment for future, it is a very good move. Till some time it was believed and seen that investment in Iraqi dinar did not fetch good returns. But the economy of the country is changing day by day and it has been calculated that if you buy Iraq money, it will not be a very bad investment either. Infact you can have instant profits on dinar investment in the future if the economy of the country does not suffer from any major setback. However, there are many scams and scandals that are there regarding this currency. Therefore you must be extra careful if you plan to buy Iraq money from any source for that extra investment.

Things that you must keep in mind if you plan to buy Iraq money or think of doing dinar investment:

Learning To Trade Forex Tips 101

In a world full of business opportunities, the foreign exchange (forex) market has been realized as the most opportunistic markets to trade ones money. Billions of dollars are traded each day over this medium. One thing however that stops most eager investors is actually learning to trade forex.

In a ideal world, everything should ?click? if one should study something for long enough. That cannot be said in the currency markets. Reason being is the markets are always changing, what works today may or may not work tomorrow. Thats why it is essential for an new investor to actually learn to trade instead of falling for the latest marketed holy grail that claims it will give them early retirement.

Here are a few tips that could save you time, your first few accounts, and from going insane.

1. Learn the Basics ? What we mean here is that start from the very basics of trading in general. Learn what trading is all about, how it is structured and what the markets are here for. This could be a big help in building a firm understanding on why things happen in the markets.

2. Do not Buy Into Hype ? This is usually the biggest money drainer for most beginners and should not even be a part of the forex community. If you read someone claiming to be making a not so modest amount of money and they want you to pay or even follow them, please do not think they have the answer. These are individuals profiting off new traders that have not yet come to the understanding that most people not making money in trading are selling their service to make money.

3. Talk to Others With The Same Mindset ? Here is probably the best way you can get over the learning curve in forex trading. Talking and sharing ideas with other fellow traders is the best and fastest way to better understanding how to be profitable. Join forums (Be careful however), add friends on instant messaging services, and visit chat rooms. What you might not understand, somebody else will and can explain it to you with out having to pay.

4. Do Not Learn On Demo ? Now I know most will say otherwise because you do not want to learn trading forex with real money, but trust me, theres a whole other personality of you, you will find once your are trading real funds. Your decisions will be totally different when trading fake money compared to real money. Besides there are quite a few brokers now that offer you to open accounts where your trades are only worth 1 cent on each ?pip? move. Even using just one cent you will think of your trades differently as to fake money.

5. Be Consistent ? This basically is what it says. Stick with what you know and have learned. Do not get into the mindset of uncertainty that maybe there is something better and go searching for a holy grail or another system that just works for the trader that posted it.

Happy Trading!

An Introduction To The Mechanical Trading System

You can also take advantage of this system to make an informed decision whether you should sell, buy, or simply stand aside.

The major problem that people usually encounter in trading is generated because of their emotions and indecision.

The mechanical system of trading will keep you away from such things.

In short, we can say that these systems have been designed in a specific way to simplify the process of trading.

Trading becomes a straightforward process that requires little or simply no discretion.

What Exactly Is The Mechanical System Of Trading?

In order to enjoy the simple process of trading, it is very important for you to be aware of the concept of mechanical trading system.

It is a kind of trading system where some specific rules are compiled and implemented with an objective to filter out the noise in the market in order to find out the specific conditions in which the trade could be opened with a simple process; that too, without any element of indecision.

The system makes the process so simple that you are left with no scope of indecision.

It makes you aware of what you are doing. You get the confidence that you are taking the right steps at the right time in the right direction.

Trading of Forex currencies in a mechanical way can better be understood by assuming it as a step-by-step process.

As per the mechanical trading system, you have to follow several steps one after another in order to reach an eventual conclusion whether you should sell, buy, or stand aside.

When you follow a step-by-step approach, your chances of making a wrong decision are zero.

At every step, you know the outcome that what will happen if you trade and what will happen if you do not.

This way, we can see that it is a process of filtering out your own decision in a way to isolate the right decision for opening a trade.

A mechanical trading system is easy to use and can be a perfect choice for the novice traders.

They are recommended to use one or more such systems in order to reach the right decision while they are trading Forex.

Greed and fear are the two emotional components that make the path of making a right decision very difficult.

These emotions are sometimes so strong that even experienced discretionary traders may sometimes take disastrous decisions.

The greatest thing about a mechanical trading system is that it simplifies the complete trading process in a way that keeps emotions out of the equation.