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Forex Traders: Are you looking into Automated Systems?

Being in the forex game, I wanted to get an edge and masterfully own every single pip I could possibly get my hand on. Being also that the learning curve was quite opulent and sometimes wasn’t really in my favor, I needed an alternative to the hours of technical analysis and research on news and historical data.

I was pressed to find a solution that would let me be able to make trades without the aggravation of the fore mentioned. I looked into using EMA crosses, and news trading, and a couple of other crazy things, only to lose more money and turn more hairs to grey over it.

One day I found the Expert Advisor. What an Expert Advisor is, is an automated trading system, ported to Metatrader 4’s Trading Platform. The dealbreaker here, is that you need an account with a forex broker, which supports Metatrader 4. There are at least a few dozen forex brokers who use Metatrader, and a couple of them should fit your trading requirements like a glove.

Why should you consider looking into an expert advisor? Easy!

1. They trade while you sleep, and never need rest at all. It is a software module that works with Metatrader 4, and never crashes!

2. They never need a salary, bathroom breaks, sleep, food, benefits, or anything else that a human trader would need.

3. They are very easy to download, install into Metatrader 4, turn on, and throw them to the wolves to start making money! This process from purchase to operation takes not even 10 minutes.

4. 60 Day Money Back Guarantee. Most Expert Advisors have satisfaction guarantees, just in case you are not satisfied with the results that the Expert Advisor provides, or just have a problem with the system.

5. Have a life, be with family or friends. Make the real money and not work a 9-5! You think it is easier said than done, but seriously, the reality is, when you can make a sustainable, survivable income from Forex, you would fire your boss!

 

Automated Forex Signals Simplify The Trading Process

Unless you are already a full-time trader, or unable to access a computer 24 hours a day, it’s difficult to trade forex on a part-time basis.  Many forex brokers and independent companies have developed trading systems that offer forex signals telling the user when to buy and sell.  The execution of a trade could be as simple as pressing a button or making a telephone call.

Forex trading signals usually operate on a mathematical formula and when parameters are met, a signal is sent out via e-mail or phone.  Once the signal is received, it’s up to the user to decide whether or not to take the signal.

There are a lot of mixed reviews on forex signal service providers.  To be truthful most signal services work, it’s the individual that fails to follow the system.  Even though you are not deciding when it’s a good time to buy or sell, your emotions can still get in the way if you are coming off of a losing streak.  It is however possible to weed out a lot of the losing signals if you are able to identify the overall trend.

Some companies claim to make 20% per month using automated trading systems.  I’ll be the first to say that these systems do exist; it’s just a matter of testing the different trading software’s out there to see which ones work and which ones do not.

When seeking out a reliable source of forex signals be sure that their data is back tested and the company has a proven track record.  Most systems will offer a trail period that enables you to test the system before committing to their service completely.  Prices for these systems can range anywhere from $15 to $500 per month depending on the quality of the signals.

If a novice trader is lucky enough to find a personal forex trader that manages a small group of people and their money this can sometimes be even more profitable then the large forex signal service providers.  However, finding reliable forex traders and trusting them with your funds are hard to come by.

In my personal opinion, there is nothing wrong with using forex signal providers given you do not have time to trade for yourself. However, taking a bit of time to learn how the forex market reacts to news and events will greatly enhance you trading profits.

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