Tag Archives: information

3 Essential Features Your Forex Trading Software Must Have To Make You Money

Trading Forex has been simplified to such an extent that a forex trading software is is a must for successful trading.The forex trader need this software for accessing market information in the real time.These information should be available to him without any delay so as to assist him in conducting his trade.

Three criteria must be used in assessing the right software to employ in a successful forex trading.

1. Types Of Currency Trading Software
There are two types of currency trading software, either net primarily based trading software or server primarily based trading software.Server based trading software uses knowledge servers to store website content and transactions of the users and traders.The main characteristics is that of data transmission delays with currency trading software as a result of of the Net association speed and therefore the physical distance between the main server and the machine of the trader.It requires a functional laptop or pc as a knowledge server.It involves a one time installation price,maintenance and upgrading if it done oneself.
In contrast,the web primarily based currency trading software do not involve installation of any server on the traders PC but it resides on the broker’s website.To use it all that is require is logging in the broker’s website.
So,the choice is yours the one you prefer to use.

2. How Reliable?
In selecting a currency trading software you must ensure it is reliable,this is the ability of the system to provide instant access to the forex trading market, to test prices and movement. This can be verified in forum or chat rooms or by performing a due diligence on claims by the broker supplying the software.If there is complaints about frequent trading downtime then don’t buy the software. Again,if there is delays in information delivery concerning prices knowledge and additionally results of fulfilling orders? If there is,then that software is not for you,This you can ascertain from other traders.

3. Specific Personal Needs
Majority of currency trading software posses a charting interface and maintaining trading records.However,look for a software that allows you to input specific trading indicators or strategies that is specific to you.For example most of these software will provide means of moving averages but if you require specific moving average indicators like the triangular moving averages or some variations then it is important if the software will allow you to input that.

By using these tips in choosing the trading software you intend to acquire and you will find that a trading software is an indispensable tool in earning consistent profits. Complexity of the software is not essential as it satisfies the the three criteria above.

A Review of Automated Forex Brokers – Part 2

GFT Forex is an automated forex broker, whose DealBook FX 2 software offers the investor both a demo and a live forex trading tool in the currency market. This forex trading software offers the investor direct access to some of the tightest spreads, through a stable, standalone forex trading platform, 24 hours a day.

The DealBook FX 2 software shows live, dealable prices, real time data, free real time world and financial news, forex charts, more than 65 technical indicators, and the ability to build the investor’s own indicators.

GCI Financial Ltd., another automated forex broker, provides trading software that tracks real time prices in 20 major currencies, live charts, and real time profit and loss account tracking. The software is offered as a demo also. Market orders are confirmed within seconds at prices clicked on or accepted by the client.

The FX3K is an online automated dealing and trading platform used by automated forex brokers. The FX3K online trading environment includes real time quotes, charting, technical analysis tools, and news. FX3K integrates the client, dealer, back office and system administrator functions. Product features include high speed execution of client orders and the ability to monitor real time margin availability, net exposure and profit and loss on all open positions. FX3K has chat options to allow trader-dealer conversations.

The COESfx Level 1 Trading Platform is used by automated forex broker as an Electronic Currency Network for the execution of best prices for buyers and sellers of foreign exchange. It offers traders live and executable prices, thereby making each participant a market maker. Traders gain access to “best bid/best offer” quotes directly from price providers and other traders. COESfx pricing is derived from a number of partners in the network such as banks, Futures Commission Merchants (FCM’s), Introducing Brokers (IB’s), fund managers and other traders on its Electronic Currency Network.

A Review of Automated Forex Brokers – Part 1

GFT Forex is an automated forex broker, whose DealBook FX 2 software offers the investor both a demo and a live forex trading tool in the currency market. This forex trading software offers the investor direct access to some of the tightest spreads, through a stable, standalone forex trading platform, 24 hours a day.

The DealBook FX 2 software shows live, dealable prices, real time data, free real time world and financial news, forex charts, more than 65 technical indicators, and the ability to build the investor’s own indicators.

GCI Financial Ltd., another automated forex broker, provides trading software that tracks real time prices in 20 major currencies, live charts, and real time profit and loss account tracking. The software is offered as a demo also. Market orders are confirmed within seconds at prices clicked on or accepted by the client.

The FX3K is an online automated dealing and trading platform used by automated forex brokers. The FX3K online trading environment includes real time quotes, charting, technical analysis tools, and news. FX3K integrates the client, dealer, back office and system administrator functions. Product features include high speed execution of client orders and the ability to monitor real time margin availability, net exposure and profit and loss on all open positions. FX3K has chat options to allow trader-dealer conversations.

The COESfx Level 1 Trading Platform is used by automated forex broker as an Electronic Currency Network for the execution of best prices for buyers and sellers of foreign exchange. It offers traders live and executable prices, thereby making each participant a market maker. Traders gain access to “best bid/best offer” quotes directly from price providers and other traders. COESfx pricing is derived from a number of partners in the network such as banks, Futures Commission Merchants (FCM’s), Introducing Brokers (IB’s), fund managers and other traders on its Electronic Currency Network.

Forex Analysis For Beginners – How Important Is It?

If you find the foreign currency exchange markets a tempting venue for your investments, you’re in good hand. More and more people are discovering how lucrative Forex trading can be every day. Of course, there are also some who are finding out how easy it is to lose money in the Forex markets! If you’d like to be one of the former instead of one of the later, here are some great suggestions to keep in mind.

In order to give yourself a solid ground in universal Forex principles, the place you want to start is with a single pair of currencies. There are dozens of currency pairs in common circulation on the Forex markets that offer plenty of trading volume. Resist the urge to dabble! Pick one pair and stick with it while you learn the basics.

The best pair to pick is probably one of the most heavily traded. Don’t be scared of high trade volume; you actually want to work with a pair that experiences a lot of activity. This will give you a good grasp of the pace of active trading and also allow you to watch the market change rapidly. Pairs that consistently feature lots of trading include US Dollar / Euro, US Dollar / Japanese Yen, and US Dollar / Great Britain Pound. (The last of these is so old and reliable that it even has a special name – The Cable – derived from the 19th-century currency trading enabled by the Transatlantic Cable.)

While observation and test-trading is essential to cultivating your trading skills and instincts, don’t neglect the value of study and research. Forex is a topic that generates copious interest in the press and on the Internet. Start reading up on the subject in general and on your chosen currency pair in particular. Learn how your pair reacts to financial developments and other events.

The best way to start trading is by using a demo account. This is a free trading account that works just like a real one, but it doesn’t require you to risk any money. (You can’t make any either, of course!) Get the most out of your demo account experience by taking it seriously. Don’t trade on a whim; have a rational justification for each position that you open.

As you learn the ropes of trading, don’t neglect your broker as a source of advice and education. Because there’s been such an explosion of interest in Forex trading in the past few years, brokers are used to dealing with novice traders. They often make useful general advice available free of charge. Your particular brokerage may also offer tutorial programs for a fee. If you pay close attention, these instructional courses can often be well worth your money.

Forex Analysis For Beginners

Trading on Forex is a good way to earn money, but trading requires you to develop a few skills. If you are interested in earning money on this platform, you should learn more about efficient strategy and analysis before you get started. Keep reading for some helpful tips on Forex analysis.

Fundamental analysis consists in looking at economic and political data to determine how the market will fluctuate. You should become an expert on the events that could influence the currencies you work with. It is best to choose currency pairs from countries you are already familiar with, but learning everything about the politics and the economy of a country is possible if you are properly motivated. You should read newspapers and stay in touch with other traders who use fundamental analysis to learn about the events that can impact the Forex market.

Technical analysis is your best option if you are comfortable with mathematics. Technical analysis consists of using mathematical formulas to calculate how a trend will evolve. The formulas used are relatively easy to apply, but choosing the right formula can be tricky. As you gain more experience, you will learn to recognize patterns and know right away which formula should be used to predict a trend.

Some traders use fundamental and technical analysis. This is a good strategy since patterns are present on the market and can be predicted thanks to mathematical formulas. However, these formulas cannot predict the human factor, such as a political event in one of the countries you are interested in. Combining both methods gives you a broader outlook on the market and should help you make more accurate predictions.

It is best to follow predictions published by professional traders. Some successful traders share their analysis of the markets and their predictions on a daily basis through social media or RSS feeds. Subscribe to these updates and always read through this content before you begin trading. It is best to follow trends until you gain more experience with trading and become able to analyze the market yourself.

You can practice analyzing the market. You should start a journal and write down your own analysis of the market before even looking at what experts have to say. Once you are done with your own predictions, compare them to updates shared by professional traders.

Check your predictions again at the end of the day to find out whether or not they became true. You should keep track of how often you are right and look for new ways to improve the strategies you use when analyzing the market. You will eventually develop your own technique and be able to trust your predictions, but keep in mind that developing an advanced understanding of the Forex market can take years.

You should have a better idea of how you can use analysis to improve your trading strategies and earn more with Forex. Your next step should be to explore fundamental and technical analysis so you can apply these efficient methods before choosing how to invest your money on the market.

Things You Need To Know About Forex Robot

Newcomers and experienced traders are getting introduced and liking how Forex robots are able to work for them.  Forex robots can work as an ideal Forex trader, the difference is it is automated and can be programmed.  This technology can actually work for you 24 hours a day and 5 days a week.
If traders rely on these robots for their trade and transactions, is it foolproof then?

Forex Analysis For Beginners – How Important Is It?

If you find the foreign currency exchange markets a tempting venue for your investments, you’re in good hand. More and more people are discovering how lucrative Forex trading can be every day. Of course, there are also some who are finding out how easy it is to lose money in the Forex markets! If you’d like to be one of the former instead of one of the later, here are some great suggestions to keep in mind.

In order to give yourself a solid ground in universal Forex principles, the place you want to start is with a single pair of currencies. There are dozens of currency pairs in common circulation on the Forex markets that offer plenty of trading volume. Resist the urge to dabble! Pick one pair and stick with it while you learn the basics.

The best pair to pick is probably one of the most heavily traded. Don’t be scared of high trade volume; you actually want to work with a pair that experiences a lot of activity. This will give you a good grasp of the pace of active trading and also allow you to watch the market change rapidly. Pairs that consistently feature lots of trading include US Dollar / Euro, US Dollar / Japanese Yen, and US Dollar / Great Britain Pound. (The last of these is so old and reliable that it even has a special name – The Cable – derived from the 19th-century currency trading enabled by the Transatlantic Cable.)

While observation and test-trading is essential to cultivating your trading skills and instincts, don’t neglect the value of study and research. Forex is a topic that generates copious interest in the press and on the Internet. Start reading up on the subject in general and on your chosen currency pair in particular. Learn how your pair reacts to financial developments and other events.

The best way to start trading is by using a demo account. This is a free trading account that works just like a real one, but it doesn’t require you to risk any money. (You can’t make any either, of course!) Get the most out of your demo account experience by taking it seriously. Don’t trade on a whim; have a rational justification for each position that you open.

As you learn the ropes of trading, don’t neglect your broker as a source of advice and education. Because there’s been such an explosion of interest in Forex trading in the past few years, brokers are used to dealing with novice traders. They often make useful general advice available free of charge. Your particular brokerage may also offer tutorial programs for a fee. If you pay close attention, these instructional courses can often be well worth your money.

Forex Analysis For Beginners

Trading on Forex is a good way to earn money, but trading requires you to develop a few skills. If you are interested in earning money on this platform, you should learn more about efficient strategy and analysis before you get started. Keep reading for some helpful tips on Forex analysis.

Fundamental analysis consists in looking at economic and political data to determine how the market will fluctuate. You should become an expert on the events that could influence the currencies you work with. It is best to choose currency pairs from countries you are already familiar with, but learning everything about the politics and the economy of a country is possible if you are properly motivated. You should read newspapers and stay in touch with other traders who use fundamental analysis to learn about the events that can impact the Forex market.

Technical analysis is your best option if you are comfortable with mathematics. Technical analysis consists of using mathematical formulas to calculate how a trend will evolve. The formulas used are relatively easy to apply, but choosing the right formula can be tricky. As you gain more experience, you will learn to recognize patterns and know right away which formula should be used to predict a trend.

Some traders use fundamental and technical analysis. This is a good strategy since patterns are present on the market and can be predicted thanks to mathematical formulas. However, these formulas cannot predict the human factor, such as a political event in one of the countries you are interested in. Combining both methods gives you a broader outlook on the market and should help you make more accurate predictions.

It is best to follow predictions published by professional traders. Some successful traders share their analysis of the markets and their predictions on a daily basis through social media or RSS feeds. Subscribe to these updates and always read through this content before you begin trading. It is best to follow trends until you gain more experience with trading and become able to analyze the market yourself.

You can practice analyzing the market. You should start a journal and write down your own analysis of the market before even looking at what experts have to say. Once you are done with your own predictions, compare them to updates shared by professional traders.

Check your predictions again at the end of the day to find out whether or not they became true. You should keep track of how often you are right and look for new ways to improve the strategies you use when analyzing the market. You will eventually develop your own technique and be able to trust your predictions, but keep in mind that developing an advanced understanding of the Forex market can take years.

You should have a better idea of how you can use analysis to improve your trading strategies and earn more with Forex. Your next step should be to explore fundamental and technical analysis so you can apply these efficient methods before choosing how to invest your money on the market.

Robot For Forex: Why Do You Need One?

Forex trading is growing at an incredible rate and there are many people involved in manual trading who have to go through a lot of information and data that is available to them to run their successful operations while sitting for hours at their computer terminals. This is actually an archaic form of foreign currency trading. Many traders have had to use an automated system and have literally taken their lives back.

Finding a robot for forex trading is something that you need to put some research into, but you will be very well rewarded if you do your homework. These software programs are designed to automatically enter and exit trades in the forex market with the intention of turning a profit. Having one of these programs can allow you to profit in forex without having to sit in front of your computer all day or even make trades.

The vast, worldwide Forex market is very fluid and its size grows every day. There are extremely little regulations among countries to monitor these global transactions.

In order to yield a profit in this intricate market requires nonstop monitoring of every element of the constantly changing numbers. It doesn’t take a lot to fail to notice a vital detail, causing you to waste a lot of your investment.

The difficulties involved are causing a growth in the amount of traders trying automated software, or foreign exchange robots. To be profitable, traders need well-defined information, good data collection, and the power to make decisions based on statistics instead of gut reactions.

The widespread mistakes made by individual interpretation can be lessened or even eliminated by applying Forex robots. They can communicate thorough data, decreasing the weight of endless pressure that comes with trading in this elaborate market. This automated software will constantly observe the market and execute trading actions as instructed by the trader. This will be done even if the trader is busy.

A robot for forex that is automatic is basically a computer program that is part of your trading system to conduct foreign exchange operations on your behalf. The automated software is designed to analyze the market based on the configuration of the user – you – give it. The forex software is able to produce reports based on daily operations and can use these reports to adjust the settings every day. An automated robot offers the possibility of trading foreign exchange around the clock, trade for you even when you are sleeping.

Robots for forex are actually easy to use if you know the parameters of your traing plan, and are slightly different from one another. Some are more complex than others and this is not always the best way for beginners. The simpler the system, the better it will work for you. Metatrader, a type of automated Forex software are full blown systems with expert advisor to give you everything you need to make educated trades. Using multiple platforms may improve the operations and control of your trading account on the basis of the parameters.

Most robots for forex have been created by experienced investment managers who know how to program the advanced mathematical algorithms used in the field in the software. These programs are constantly being updated to have the best system for your trading needs. Robots automated forex trading is used by professional traders, brokers, companies and institutions and each of them is able to offer this software for the average person interested in making money foreign currency trading.

If you choose to use an automated operations software, then it could easily double or triple your profits. It is still necessary to understand how the forex market works to use the software correctly.

 

A Guide To Choosing The Right Forex Trading Software

Foreign exchange trading, in the way that we know now it, would not exist if it were not for the rapid development of forex trading software. These software packages allow forex traders to work from their own personal computers and to interact with the large trading platforms that actually oversee and place forex trades. In addition to being the tool that traders use to complete their deals, many of these software packages also contain multiple sources of information that investors will find very useful. Everything from current pricing to performance history can be looked up in short order using forex trading software.

Quick fact : The Forex market is by far the largest financial market in the world, and includes trading between large banks,central banks, currency speculators,multinational corporations, governments, and other financial markets and institutions.

One site that offers their own version of forex trading software when you open an account with them is forex. com. This custom designed software is widely used and has a high rate of customer satisfaction. The site’s customer service center is open 24 hours a day Monday through Friday (basically when the worldwide forex markets are open) so that you can address any issues that you may have immediately. Experienced forex traders know just how costly down time can be, so it’s important to have someone to turn to immediately should any problems occur.

Did you know that the average daily trade in the global forex markets currently exceeds US$ 2-2.5 trillion !

Another great website that offers free downloadable forex trading software when you open an account is gftforex. com. The software they make available to their clients is called Dealbook360. This state of the art trading software is simple enough to allow even beginning forex traders to feel comfortable but powerful and comprehensive enough to keep even the most demanding foreign exchange traders happy and satisfied . In addition, Dealbook 360 monitors some of the tightest bid/buy spreads available, thus increasing your profit margins.

One web site that you may find exceedingly helpful is fxstreet. com. The creators of this page have made a running list of all of the major trading platforms and the banks that support them. Additionally, the software packages utilized by each company are listed here. This information will allow you to choose your institution based on software if you feel more comfortable with one program than another does. This site also provides information on which sites offer the best customer support. Whether it’s online support, phone support, or even live support, you can find out what is available as fxstreet. com.

You will find that most forex trading software is similar in design and function. The features that separate good from bad are the support features that each forex trading company offers with its trading software. Before you choose a foreign exchange trading company to use, make sure that you do plenty of research on all of the companies that you are interested in. Take advantage of the investment simulators that each offers on its site and get a feel for how the forex trading software works in real time. Read consumer reviews to see other forex trader’s opinions and experiences with a given company. Check to make sure that their customer service record is reliable and prompt.

 

 

Foreign exchange trading, in the way that we know now it, would not exist if it were not for the rapid development of forex trading software. These software packages allow forex traders to work from their own personal computers and to interact with the large trading platforms that actually oversee and place forex trades. In addition to being the tool that traders use to complete their deals, many of these software packages also contain multiple sources of information that investors will find very useful. Everything from current pricing to performance history can be looked up in short order using forex trading software.
Quick fact : The Forex market is by far the largest financial market in the world, and includes trading between large banks,central banks, currency speculators,multinational corporations, governments, and other financial markets and institutions.
One site that offers their own version of forex trading software when you open an account with them is forex. com. This custom designed software is widely used and has a high rate of customer satisfaction. The site’s customer service center is open 24 hours a day Monday through Friday (basically when the worldwide forex markets are open) so that you can address any issues that you may have immediately. Experienced forex traders know just how costly down time can be, so it’s important to have someone to turn to immediately should any problems occur.
Did you know that the average daily trade in the global forex markets currently exceeds US$ 2-2.5 trillion !
Another great website that offers free downloadable forex trading software when you open an account is gftforex. com. The software they make available to their clients is called Dealbook360. This state of the art trading software is simple enough to allow even beginning forex traders to feel comfortable but powerful and comprehensive enough to keep even the most demanding foreign exchange traders happy and satisfied . In addition, Dealbook 360 monitors some of the tightest bid/buy spreads available, thus increasing your profit margins.
One web site that you may find exceedingly helpful is fxstreet. com. The creators of this page have made a running list of all of the major trading platforms and the banks that support them. Additionally, the software packages utilized by each company are listed here. This information will allow you to choose your institution based on software if you feel more comfortable with one program than another does. This site also provides information on which sites offer the best customer support. Whether it’s online support, phone support, or even live support, you can find out what is available as fxstreet. com.
You will find that most forex trading software is similar in design and function. The features that separate good from bad are the support features that each forex trading company offers with its trading software. Before you choose a foreign exchange trading company to use, make sure that you do plenty of research on all of the companies that you are interested in. Take advantage of the investment simulators that each offers on its site and get a feel for how the forex trading software works in real time. Read consumer reviews to see other forex trader’s opinions and experiences with a given company. Check to make sure that their customer service record is reliable and prompt.

Automated Forex Trading Robots Or Just Manual Trading?

There was a large amount of noise recently, or is it just lots of “loud” advertisers screaming about how good their “Forex trading robots” are, and how simply they can make you pot tons of cash on auto-pilot as you sleep or laze by the beach. Firstly, what’s a trading robot or expert aide ( EA ) as it is also called? An EA is programmed software, “artificial intelligence” coded electronically with a trading system or strategy, and when fired up it works precisely as it is engineered to do. It doesn’t have the power to make any logical or emotional choices whatsoever! I must be truthful and say that commonsense and judgment must overcome here, my opinion about these “Forex trading robots” is, yes I suspect that there are some very high quality EA’s out there, but how does one know which is the correct one for you, or compatible with your method and personality? Sure enough, a good trading robot will do everything from researching your trades, entries, stop loss and will adjust itself to assorted market conditions and eventually close out the trade, without any emotions! There are some trading EA’s, which you can program your own trading method into it, or adjust the perfect settings for the bots own built in methodology.

If I were ever to accept one of these electronic thinkers, I might first like answers to several questions – like how long has it been back tested, explanation and history of winners and share of losers, I would also take a look at the reputation of the seller or company making an attempt to flog it, what precisely is it able to trade? I’d be tired of claims like the robot can trade any thing and each thing in the markets, definitely Google it, and examine it on diverse blogs and forums.

On the other hand, I’m sure an EA would be “most” advantageous to a seasoned trader .

In fact, it would actually add to his trading systems and armoury of indicators to further confirm his trade analysis, it might actually be a confidence booster in deciding if he should “pull the trigger”, an emotional problem that many a good trader does battle with! I suspect that total reliance on an EA to trade my account, without human input, would in my view be “foolish and risky”. Let us take a look at this in a marginally different angle and apply this analogy – would you board an aircraft, if told that you are going to be flying absolutely on “auto-pilot”, and without any human pilot monitoring the flight? I know what my response would be. Remember, there are fully no guarantees that any of these foreign exchange trading androids will print money for you. Do not accept me? Then just read and re-read the sellers “Terms and Conditions” or “Disclaimer notice”, I believe it’ll talk for itself!

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!

 

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