Becoming A Successful Forex Trader?
February 9, 2010 by admin
Filed under Ikofx | Forex Stories
I not long ago recieved $50,000 in a allotment for a car collision I was in dual years ago. Im really meddlesome in the forex marketplace and as of right right away I have singular believe but I wish to deposit may be 5-10k in the forex market. I wish to know if any one has a succesful gameplan or selling plan they can recommend.
Also do forex tracer and forex autopilot work if you make make use of of them in mediation n make make use of of them at night when I’m sleeping. Now I dont wish to rely on these products i wish to sense the marketplace and traffic on my own but I wish to know will these products assistance a small or raise my profits?
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before you start trading you should read some eBooks, reviews and try to chat in forex chat rooms to get some suggestions from experienced traders!
also of course you can read reviews about forex auto robots. maybe this is that what you want!
and always remember rule NR.1 - never be greedy when trading forex!
hi josh,
check out your options in this site. it will lead you to a legitimate, trusted and very reliable forex trading platform being considered one of the leading market makers these days. one very good feature they have is by opening an account- mini, gold, platinum or vip- they will provide you a personal Account Service Manager or ASM to be your mentor, consutant and trading partner as well and with whom you can speak live via phone, email or chat. your ASM is an expert forex trader and is the best resource person in learning forex in depth. other than that, they also have a live chatroom where traders can interact with each other and discuss various strategies and techniques employed for profitable deals. all the best.
EA’s, Robots are great for the high experianced, successful trader.
Most good traders take years to learn their trade. Over 96% of new FX traders have to stop in the first 3-6 months.
Read:
Millionair Traders, Kathy Lein & Boris Schlossberg
The robots will destroy your capital if you are not already successful in FX trading.
Trading is not gambling. Trading is hard work…. takes constant education, incredible disipline & recognition that psychology and money management are more important than picking the right direction. Your question sounds like a typical person that will be in for a very painful reality.
Invest in the forex market? I’m not sure one can do that. But, keep in mind that most people lose all their money and the market is rigged. So here’s my advice, don’t use any margin, the forex can wipe one out in hours. The moves are massive and controlled by the those with huge amounts of money, we’re talking billions of dollars. You’re just a peon to them. You make money by staying off the radar, bet very tiny amounts with very little or no margin. Use a stop loss, that’s a must. You can guess right in the general direction and still get wiped out. It’s a horrible place. I hope I save you a few bucks.
I can show you how to hedge…bet the dollar/eur is going down at the same time bet its going up…(buy and sell it). but down cash out till you get a convincing capitulation. Must put in at least 300 bucks, to hold a margin with 3 markets open.at 400:1. I would recommend 1k.
Josh,
First, you should know that Forex is not that easy. Do not believe those who may say it is!
However, there are some good robots (same as “autopilot”) that MAY help you. Some are scam. Others are for real.
Simply put, a Forex robot is a program that attempts to take the guess work out of trading stocks. Currently there is a lot of information floating around the internet about these products. Like any other tool it needs to be used properly in order to be most effective. Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.
A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify stocks that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.
For this automatic approach, this website has worked wonders for me: http://www.forexapt.com/ - forex auto pilot turbo. It offers, among other features, high spread protection system and automated risk scaling. They say “95% winner”. Well, only the bottom line counts. In this regard, it has really delivered for me.
I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.
All the best!
Chris
PS: Always practice before you get to the real thing. Ok? With leverage, you can insvest (and lose) big money. Practice for weeks before you go Live.