Really,
So what’s the catch…. Seriously I installed Mega Droid today with an investment of 2000$ and I made 60$ profit in the first day.
I know, I know, you can’t base anything off of a period of 1 day but nothing says confidence like 60$ in the first day.
Seriously, no joke, day 1 has been great.
Stay tuned for more updates.
Tony D.
Is professional trading advice worth close to 100$ a month?
That’s an excellent question. The simple answer is yes.
The real answer is a little more complicated…..
Some things in life are worth the money and some are not.
For example: Extended warranties on electronics are not worth it.
But when it comes to financial advice, as a rule of thumb it’s generally worth it. As long as your careful.
Here at ForexRobotSource we tend to concentrate on trading robots but most forex traders do a little of both robot trading and trend trading on their own. For those that are serious about learning the art of the forex you are generally going to get what you pay for in education. There are a ton of different theories on tracking the trends of the Forex but they all have the same concepts in mind. Technical trend trading can get ridiculously complicated. You need to educate yourself on how it works and why it works.
Well, no one said you couldn’t make money while you’re learning to trade.
That’s where professional advice comes into play. Good financial advice is worth it’s weight in gold and there’s a ton of it out there. Knowing where to get it is the hard part. Since there is tons of advice out there, that means there is tons of competition in the “advice” market. Tons of competition means if your advice is not worth it then you can’t offer that advice that anyone is going to pay for. Especially not on a monthly basis.
Andrew ‘Arco” Cottingham has produced some amazing results since I started watching his site and service around 3 months ago. I’m not a full blown subscriber but I watch his posts, which are delayed for us free watchers, and I’m amazed at the accuracy and timing of his advice and indicators.
His newsletter is one of the most highly subscribed to letters in the industry. There is only one way Arco can charge what he does for his newsletter and indicators and that’s because if your an active trader or a new trader looking for a quick education then Arco is the man you’ve been looking for.
So in summary, yes 97$ a month sounds like alot but when you have a track record of around 1000 pips a month then I would say this fee is a bargain.
For more info check out Arco’s site here at Lincoln FX.
FAP Turbo’s claims of overnight profits sound too good to be true. Trust me, I’m with you on that one.
After doing some research I’ve come to some interesting conclusions.
What FAP Turbo is:
Some things to avoid when using FAP Turbo:
Conclusion:
I have seen FAP Turbo make some bad trades but generally if you don’t get too crazy with the settings and you stick to one window you can expect around 10-20% profit in a month.
Good luck
Most professional traders use Virtual Private Servers to run their trading software. Let the pros worry about the computers so you can concentrate on Trading.
A virtual private server is a dedicated portion of a sever that is set up to run like an individual server. Hence the name virtual, because a high powered server can run many virtual servers within itself.
The advantages of a virtual private server (VPS):
Are their any disadvantages?
Is it worth it?
Where do you get a VPS?
Forex VPS offers 3 awesome plans:
Starter 35$ a month
Professional 65$ a month
Ultimate 115$ a month
I recommend the Starter plan for anyone interested in trying out their service:
Click here for a 25% off Exclusive Deal from Forex Robot Source
Good luck.
TD
One of the hottest new tools out there.
First of all, there’s plenty of forex robots, made by unknown programmers, you can find on the net right now. Some of these robots work, however, they perform well only in one or two market conditions. When something serious happens and market conditions change, you are likely to lose alot of money trying to catch the trend. IvyBot is created by some really strong traders and they don’t work as much as they used to(if you know what I mean). This means that the people who created it are pretty hot right now. IvyBot is based on a unique algorithm which works really well right now in any market condition.
How Does IvyBot Work?
IvyBot is a forex trading robot which quickly became one of the hottest topics of discussion of all forex traders. There is no doubt that IvyBot will become one of the best robots on the market because of its unique features. The real question is – what makes the robot so unique amongst some pretty big competition? Why is everyone is saying that it is a an awesome tool? Well, we’ve researched this amazing robot and it is time you to learn the truth about it.
IvyBot is back by some solid reasearch and updates are free within your subscription period(1year). Currently it has one of the best track records of all the forex robots out there. I have seen a bunch of forex robots. They all are starting to look the same – when they are released they make successful trades and make you some pretty significant initial profits. However, later, when market conditions change, these forex robots can lose and lose big. Remember be conservative with the settings in IvyBot and you should find yourself around the 10-20% a month range.
IvyBot – So what is The Verdict?
To sum up, killer new algorithim, free updates, around 10-20% reliable growth per month. There is no monthly fee for updates, they are free. With all these features, IvyBot is undoubtedly one of the best forex robots on the market. Through my research I’ve seen several teams take around $500 and already they’ve got $235 in profits in around 2 1/2 months. The IvyBot is one of the most flexible trading tools I’ve seen and it gennerally does not matter whether you are professional trader or a beginner. If you have IvyBot, you can make killer trades even when you sleep because it gives you a very significant edge over most other traders and the Forex never sleeps.
Good luck. Check out this killer tool.
There are some amazing products out there but there claims can definitely seem a little over the top.
Because of the extreme potential for earning massive profits in foreign exchange money trading (Forex) there has been an increasing number of products & services available for sale to people who wish to enter the Forex trading marketplace. While historically in the past the more popular form was lessons in ebooks, lately the tendency is shifting away from printed instructions & toward robots that actually do both the research & the trading for you.
Reporters looking in to the application service will soon see it is three step beyond the historically in the past successful Forex Autopilot, which was also based on artificial intelligence doing most of the foreign exchange money trading work. While the earlier versions were superior to an ebook in that it makes it unnecessary for users even to understand how Forex works, this new – so-called “turbocharger” version even further lowers the amount of work needed to select & execute some killer profitable Forex trades.
Fap Turbo is such a Forex robot the claims for which seem to nice to be true. Because its promoters say that someone who uses their method only need to set it & forget it in order to make profitable trades, it is only natural that skeptics might look at the product & ask the the big fat question of whether this is a scam.
All the opportunities for human error seem to have been taken away & been replaced by computerized calculations that study the market & make the best predictions based not on fickle emotions but hard, killer facts.
While lots of trading programs teach investors what signals to watch for & then how to react when those situations arise, Fap Turbo automates the entire procedure. Like a true robot, it takes away all the need for human activity. One times the program has been installed on the users computer, following all the step-by-step instructions provided, they can go to sleep or work or even take vacations while the robot does the rest.
Furthermore, if this Fap Turbo were a scam, they doubt much that its promoters would be backing it up with a money-back guarantee for a full 60-days.
It would be pretty logical to predict that robotic Forex application is going to finally replace the obsolete ebooks & other training courses that used to be the primary tools of the trade &. After all is said and done, the purpose of the training was to learn how to make profits. Certainly if users of Fap Turbo can earn profits without having to learn any skills, this would be an huge time saving breakthrough.
Would-be Forex traders looking to find genuine Forex robots that gennerally do all the work should look closely at Fap Turbo before the price goes up.
Good Luck.
There are plenty of ways to make money on the internet nowadays, but they usually require you to have your own product and website, which involves a lot of your time and energy and which is not even guaranteed to make you money.
Forex Autopilot System is a unique program that allows people who know nothing about trading on the forex market, to make thousands and thousands per month.
Forex Autopilot System was created by Mark Copeland, who starting trading forex 8 years ago. He was an analyst at Goldman Sachs’s, and while he was there he researched the huge complicated system that the big boy uses to make killer trades for millions of dollars.
He has now researched and came up with the Forex Autopilot System, a simple piece of software able to run on your pc. The system only uses the most advanced technologies, running on hundreds of computers. The system runs on the Meta trading platform, which is the most famous trading platform in the forex world.
You can start with as little as $100 on a real forex account or learn the ropes on a demo account without risking any money at all.
Reliable and consistent, it works everyday even when you are not at home, because it is fully automated, which means you just watch it work for you.
Once your have downloaded the program it takes about 15-20 minutes to setup the system for it to be ready for trading.
With this autopilot system you can expect to make around 5-25% return per month. And that means with this system you can make 75 pips or 150 pips ($7500 or $15000) per month, it all depends on your trading capital.
If you are interested in learning more about the Forex Autopilot System you can do so by clicking here.
The global foreign exchange market is the biggest market in the world. The 3.2 trillion USD daily turnover dwarfs the combined turnover of all the world’s stock & bond markets.
There’s plenty of reasons for the popularity of foreign exchange trading, but among the most important are the leverage available, the high liquidity round the clock & the low dealing costs associated with trading.
In the following news story, they would like to introduce you to a quantity of the basic concepts of foreign exchange trading. If you would like any further information, they suggest that you sign up for a FREE Membership on this web-site, where you will be able to exchange views with other Forex traders & get answers to any questions you might have.
Of coursework plenty of commercial organisations participate purely due to the money exposures created by their import & export activities, but the main part of the turnover is accounted for by financial institutions. Investing in foreign exchange remains predominantly the domain of the massive professional players in the market – money, banks & brokers. Nevertheless, any investor with the necessary knowledge of the market’s functions can benefit from the advantages stated above.
Margin Trading
Foreign exchange is normally traded on margin. A relatively small deposit can control much larger positions in the market. For trading the main currencies, Saxo Bank requires a 1% margin deposit. This means that in order to trade five million dollars, you need to place USD 10,000 by way of security.
Initially, the value of goods was expressed in terms of other goods, i.e. an economy based on barter between individual market participants. The obvious limitations of such a process encouraged establishing more generally accepted means of exchange at a early stage in history, to set a common benchmark of value. In different economies, everything from teeth to feathers to stones has served this purpose, but soon metals, in particular gold & silver, established themselves as an accepted means of payment & a reliable storage of value.
In other words, you will have obtained a gearing of up to 100 times. This means that a alter of, say 2%, in the underlying value of your trade will result in a 200% profit or loss on your deposit. See below for specific examples. As you can see, this calls for a disciplined approach to trading as both profit opportunities & potential risks are massive indeed. refer to our page Forex Rates & Conditions for current Spreads, Margins & Conditions.
Before World War I, most central banks supported their currencies with convertibility to gold. Although paper money could always be exchanged for gold, in reality this did not occur often, fostering the sometimes disastrous notion that there was not necessarily a need for full cover in the central reserves of the government.
Originally, coins were basically minted from the preferred metal, but in stable political regimes the introduction of a paper form of governmental IOUs (I owe you) gained acceptance during the Middle Ages. Such IOUs, often introduced more successfully through force than persuasion were the basis of modern currencies.
In the latter stages of World War II, the Bretton Woods agreement was reached on the initiative of the USA in July 1944. The Bretton Woods Conference rejected John Maynard Keynes suggestion for a new world reserve money in favour of a process built on the US dollar. Other international institutions such as the IMF, the World Bank & GATT (General Agreement on Tariffs & Trade) were created in the same period as the emerging victors of WW2 searched for a way to keep away from the destabilising monetary crises which led to the war. The Bretton Woods agreement resulted in a process of fixed exchange rates that partly reinstated the gold standard, fixing the US dollar at USD35/oz & fixing the other main currencies to the dollar – & was intended to be permanent.
Sometimes, the ballooning supply of paper money without gold cover led to devastating inflation & resulting political instability. To protect local national interests, foreign exchange controls were increasingly introduced to prevent market forces from punishing monetary irresponsibility.
The Bretton Woods process came under increasing pressure as national economies moved in different directions during the sixties. Some of realignments kept the process alive for a long time, but finally Bretton Woods collapsed in the early seventies following president Nixon’s suspension of the gold convertibility in August 1971. The dollar was no longer suitable as the sole international money at a time when it was under severe pressure from increasing US budget & trade deficits.
The following decades have seen foreign exchange trading create in to the largest global market by far. Restrictions on capital flows have been removed in most countries, leaving the market forces free to change foreign exchange rates according to their perceived values.
But the idea of fixed exchange rates has by no means died. The EEC (European Economic Community) introduced a new process of fixed exchange rates in 1979, the European Monetary Process. This attempt to fix exchange rates met with near extinction in 1992-93, when pent-up economic pressures forced devaluations of some of weak European currencies. Nevertheless, the quest for money stability has continued in Europe with the renewed attempt to not only fix currencies but actually replace plenty of of them with the Euro in 2001.
The lack of sustainability in fixed foreign exchange rates gained new relevance with the events in South East Asia in the latter part of 1997, where money after money was devalued against the US dollar, leaving other fixed exchange rates, in particular in South America, looking vulnerable.
But while commercial companies have had to face a much more volatile money environment in recent years, investors & financial institutions have found a new playground. The size of foreign exchange markets now dwarfs any other investment market by a massive factor. It is estimated that over USD 3,000 billion is traded every day, far over the world’s stock & bond markets combined.
When you trade, you will always trade a combination of one currencies. For example, you will buy US dollars & sell euro. Or buy euro & sell Japanese yen, or any other combination of dozens of widely traded currencies. But there is always a long (bought) & a short (sold) side to a trade, which means that you are speculating on the prospect of three of the currencies strengthening in relation to the other.
Base Money & Variable Money
The trade money is normally, but not always, the money with the highest value. When trading US dollars against Singapore dollars, the normal way to trade is buying or selling a fixed amount of US dollars, i.e. USD 1,000,000. When closing the position, the opposite trade is done, again USD 1,000,000. The profit or loss will be apparent in the change of the amount of SGD credited & debited for the one transactions. In other words, your profit or loss will be denominated in SGD, which is known as the price money. As part of our service, Saxo Bank will automatically exchange your profits & losses in to your base money if you need this.
Dealing Spread, but No Commissions
When trading foreign exchange, you are quoted a dealing spread offering you a buying & a selling level for your trade. One times you accept the offered price & get confirmation from our dealers, the trade is done. There is no need to call an exchange floor. There’s no other time-consuming delays. This is possible due to live streaming prices, which are & a great advantage in times of fast-moving markets: You can see where the market is trading & you know whether your orders are filled or not.
The dealing spread is typically 3-5 points in normal market conditions. This means that you can sell US dollars against the euro at 1.7780 & buy at 1.7785. There’s no further costs, commissions or exchange fees.
Spot & forward trading
This ensures that you can get in & out of your trades at low slippage & plenty of traders are therefore active intra-day traders, given that a typical day in USDEUR presents price swings of 150-200 points.
Although a forward trade is for a future date, the position can be closed out at any time – the closing part of the position is then swapped forward to the same future value date.
When you trade foreign exchange you are normally quoted a spot price. This means that if you take no further steps, your trade will be settled after one business days. This ensures that your trades are undertaken subject to supervision by regulatory authorities for your own protection & security. If you are a commercial customer, you may need to convert the currencies for international payments. If you are an investor, you will normally need to swap your trade forward to a later date. This can be undertaken on a daily basis or for a longer period at a time. Often investors will swap their trades forward anywhere from a week or one up to several months depending on the timeframe of the investment.
Different currencies pay different interest rates. This is three of the main driving forces behind foreign exchange trends. It is inherently stunning to be a buyer of a money that pays a high interest rate while being short a money that has a low interest rate.
Interest Rate Differentials
Although such interest rate differentials may not appear giant, they are of great significance in a highly leveraged position. For example, the interest rate differential between the US dollar & the Japanese yen has been approximately 5% for several years. In a position that can be supported by a 5% margin deposit, this results in a 100% profit on capital per annum when you buy the US dollar. Of work, an even more important factor normally is the relative value of the currencies, which changed 15% from low to high during 2005 – disregarding the interest rate differential. From a pure interest rate differential viewpoint, you have an advantage of 100% per annum in your favour by being long US dollar & an initial disadvantage of the same size by being short.
refer to our page Forex Rates & Conditions for current Spreads, Margins & Conditions!
Such a situation clearly benefits the high interest rate money & as result, the US dollar was in a strong bull market all through 2005. But it is by no means a certainty that the money with the higher interest rate will be strongest. If the reason for the high interest rate is runaway inflation, this may undermine confidence in the money even over the benefits perceived from the high interest rate.
Stop-loss discipline
As you can see from the description above, there’s significant opportunities & risks in foreign exchange markets. Aggressive traders might experience profit/loss swings of 20-30% daily. This calls for strict stop-loss policies in positions that are moving against you.
But the main risk is an event over the weekend, where all markets are closed. This happens from time to time as plenty of important political events, such as G7 meetings, are normally scheduled for weekends.
Fortunately, there’s no daily limits on foreign exchange trading & no restrictions on trading hours other than the weekend. This means that there will always be an opportunity to react to moves by & giant money markets & a low risk of getting caught without the opportunity of getting out. Of work, the market can move fast & a stop-loss order is by no means a guarantee of getting out at the desired level.
For speculative trading, they always recommend the placement of protective stop-lossorders. With Saxo Bank Net Trading you can easily place & change such orders while watching market development graphically on your computer screen.
This short introduction explains the basics of trading Forex online, a brief explanation of the markets & the major benefits of trading Forex online. There’s also two scenarios describing the implications of trading in a bear & a bull market to better acquaint you with some of the risks & opportunities of the largest & most liquid market in the world.
Foreign Exchange
As an additional aid for those who are new to Forex, there is & a glossary at the bottom of this text which explains some of the terms used in connection with money trading.
Overview
Foreign exchange, Forex or FX are all terms used to describe the trading of the world’s plenty of currencies. The Forex market is the largest market in the world, with trades amounting to over USD 3 trillion every day. Most Forex trading is speculative, with only a low percentage of market activity representing governments’ & companies’ fundamental money conversion needs.
Unlike trading on the stock market, the Forex market is not conducted by a central exchange, but on the “interbank” market, which is thought of as an OTC (over the counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the phone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt & New York. This worldwide distribution of trading centres means that the Forex market is a 24-hour market.
Trading Forex
A money trade is the simultaneous buying of five money & selling of another five. The money combination used in the trade is called a cross (for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF & GBPUSD.
Forward Outrights
For forward outrights, settlement on the value date selected in the trade means that even though the trade itself is carried out immediately, there is a small interest rate calculation left. The interest rate differential doesn’t usually affect trade considerations unless you plan on holding a position with a giant differential for a long period of time. The interest rate differential varies according to the cross you are trading. On the USDCHF, for example, the interest rate differential is small, whereas the differential on NOKJPY is giant. This is because if you trade e.g. NOKJPY, you get 7% (annual) interest in Norway & close to 0% in Japan. So, if you borrow funds in Japan, to finance the trade & buying NOK, you have a positive interest rate differential. This differential has to be calculated & added to your account. You can have both a positive & a negative interest rate differential, so it may work for or against you when you make a trade.
The most important Forex market is the spot market as it’s the largest volume. The market is called the spot market because trades are settled immediately, or “on the spot”. In practice this means two banking days.
Trading on Margin
Trading on margin means that you can buy & sell assets that represent more value than the capital in your account. Forex trading is usually conducted with relatively small margin deposits. This is useful since it permits investors to exploit money exchange rate fluctuations which tend to be small. A margin of 1.0% means you can trade up to USD 1,000,000 even though you only have USD 10,000 in your account. A margin of 1% corresponds to a 100:1 leverage (or “gearing”). (Because USD 10,000 is 1% of USD 1,000,000.) Using this much leverage enables you to make profits quickly, but there is & a greater risk of incurring giant losses & even being wiped out. Therefore, it is inadvisable to maximise your leveraging as the risks can be high. For more information on the trading conditions of Saxo Bank, go to the Account Summary on your SaxoTrader & open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.
Why Trade Forex?
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24 hour trading
Five of the major advantages of trading Forex is the opportunity to trade round the clock from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets.
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Superior liquidity
The Forex market is so liquid that there’s always buyers & sellers to trade with. The liquidity of this market, that of the major currencies, helps ensure price stability & narrow spreads. The liquidity comes mainly from banks that provide liquidity to investors, companies, institutions & other money market players.
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No commissions
The fact that Forex is often traded without commissions makes it beautiful as an investment opportunity for investors who require to deal on a frequent basis.
Trading the “majors” is also cheaper than trading other cross because of the high level of liquidity. For more information on the trading conditions of Saxo Bank, go to the Account Summary on your SaxoTrader & open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.
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100:1 Leverage
Leverage (gearing) enables you to hold a position worth up to 100 times over your margin deposit. For example, a USD 10,000 deposit can command positions of up to USD 1,000,000 through leverage. You can leverage the first USD 25,000 of your investment up to 100 times & additional collateral up to 50 times.
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Profit potential in falling markets
Since the market is constantly moving, there’s always trading opportunities, whether a money is strengthening or weakening in relation to another money. When you trade currencies, they literally work against each other. If the EURUSD declines, for example, it is because the US dollar gets stronger against the euro & vice versa. So, if you think the EURUSD will decline (that is, that the euro will weaken versus the dollar), you would sell EUR now & then later you buy euro back at a lower price. In case that the EURUSD indeed declines, then you can take your profit. The opposite trading scenario would occur if the EURUSD appreciates.
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Spread
The spread is the difference between the price that you can sell money at (Bid) & the price you can buy money at (Ask). The spread on majors is usually 3 pips under normal market conditions. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station & open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.
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Pips
A pip is the smallest unit by which a cross price quote changes. When trading Forex you will often listen to that there is a 3-pip spread when you trade the majors. This spread is revealed when you compare the bid & the ask price, for example EURUSD is quoted at a bid price of 0.9875 & an ask price of 0.9878. The difference is USD 0.0003, which is equal to 3 “pips”.
Important Forex Trading Terms
On a contract or position, the value of a pip can easily be calculated. You know that the EURUSD is quoted with two decimals, so all you must do is cancel out the two zeros on the amount you trade & you will have the value of five pip. Thus, on a EURUSD 100,000 contract, five pip is USD 10. On a USDJPY 100,000 contract, five pip is equal to 1000 yen, because USDJPY is quoted with only two decimals.