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Forex Strategy System

Exchange of a nation’s currency for that of another is Foreign Exchange (FOREX). The foreign exchange market is a largest non-stop financial market in the world where currencies of different nations are traded. This Forex market is bigger than three times the aggregate amount of the US Equity and Treasury markets combined. This is not the traditional market as there is no physical location or central trading location. It is operated on a global network of banks, corporations and individuals trading one currency for another. Foreign exchange market conditions can change at any time in response to real-time events.
The purpose of investing in Forex trading is to earn profits from foreign currency movements. Forex trading is always done in currency pairs. Two currencies that make up an exchange rate are called currency pair. Investors who trade currency pairs need very fast buy and sell Forex signals. Without these Forex trading signals, it is difficult to decide market conditions in terms of entry or exit in the market. These Forex signals and trade alerts will indicate you for going out or coming into the market. Many Forex companies, who have been involved in this kind of business, have developed forex sms signal services. Several Forex signal providers got a “free test” also that is really beneficial.
Initial investors don’t go for in details; they often rely upon one or two technical signals to decide when to buy and when to sell a currency pair. When they get a good understanding of Forex market, they start to use Forex signal software to decide when to pick up a forex entry point and forex exit point. It is not very difficult to find a automatic Forex signal indicating when to buy and when to sell a currency. An investor should compare his investment to alternative options. It is wise to buy currency you expect an increase in value relative to the currency you are selling. In an open trade, a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position
To gain high profits in a Forex trading, you should use a Multi-Target Exit Strategy. This strategy is based on providing the customers with multiple acquiring profit and stopping losses.  This Forex trading strategy allows you to enter multiple Take Profit and Stop Loss levels.  This Forex strategy also requires that the trader follows the trade in real time.  A Forex trading strategy with a high profit percentage rewards you mentally also as it will boost you up for further trade and will make it enjoyable. A string of profits will increase your morale.
In Forex trading system, it’s not obligatory to buy some currency to sell it later. There are situations for buying and selling any currency without actually having it. Usually Internet-brokers establish the minimum deposit such as $ 2000, for working in the FOREX market, and grant a leverage of 1:100. The major currencies traded in FOREX, are Euro (EUR), Japanese yen (JPY), British Pound (GBP), and Swiss Franc (CHF). All of them are traded against the US dollar (USD). A technical analysis is also made that presumes all the information about the market and further fluctuations in prices. They too consider factors, economic, political or psychological.

Which Forex Robot Is Right For You?

There are 7 factors that should be considered in your selection of a Forex Robot:

1. Total Automation
The trading robots are designed on pre-determined strategies and can perform and execute trades for maximum profits. These trading robots should have been programmed according to skilled forex professionals and literally forex trading robots that handle your trades for you.

2. Pofitibility Records
It must be said, we want to use a forex software that has been tested and proven to make money-making trades. And not only must it be profitable, we want the one that outperforms other competitors.

3. Successful Backtesting Results
Successful backtesting results prove one point – that the forex trading software has the potential to make profits on live trading. However, that said, it does not always guarantee a successful forward trade.
After all, backtesting does not take market conditions into account. When you trade live, you will realize that market and world news can instantly lead to price fluctuations. The spread between bid and ask prices of different currency pairs may widen in such situations. However, successful backtesting is the first step to evaluate a forex trading software.

4. Forward Live Trading Results
Positive live trading results are still the most evident proof of whether an expert advisor is up to it. Rarely will software suppliers provide such results right before your eyes but a glance at their time-marked live trading account is good enough.

5. Safeguard Features
It is always safe for the software to include proper safeguards as features. This is part of prudent money management. After all, it does not really matter how profitable the forex trading software has been for its backtesting and live trades. We will never know how the forex market will play out in future and the software needs to be properly configured to ensure a level of safety and assurance.

6. Drawdown Below 15%
The term “Drawdown” refers to the percentage loss in value as a result of a trading strategy before it bounces back to its original investment capital.

The drawdown is a good indicator of the risk level of the strategy and hence the corresponding level of risk the automated forex trading software is programmed to handle. Some forex robots are configured for drawdowns as high as 45%, which to me is ridiculously high!
Ideally, you should choose a forex trading robot that has a drawdown of maximum 15%. This also suggests that the strategy behind the robot’s trades is sound.

7. Money Back Guarantee
Make sure that the software vendor who offers the forex trading robot also provides a 100% money back guarantee. Since you will be able to use a free demo account, the risk of using an expert advisor is literally zero!

In summary, a really good forex trading robot/expert advisor is firstly one that runs on autopilot, requiring little intervention from you as the user, and secondly, backed by a solid and profitable strategy created by an experienced and top forex trading expert.

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