| 1 comments ]

Try trading simulator offered by Easy-Forex broker. With the simulator demo account traders can open and close deals in real time and under real market conditions. No registration needed. Easy-Forex demo account is a great way to try out the broker’s platform and test trading strategies.

Click here to visit Easy-Forex broker

| 3 comments ]

There is certainly no reason not to diligently test and refine your forex strategy, but using back-tested trading results is an extremely misleading way to sell a forex product.
Most people who enter the Forex Market to speculate on the normal fluctuations of the market rely on Expert Advisors, or commonly called Forex Robots to conduct the buying and selling of currencies automatically. Simply, the Expert Advisor or FX Robot use a pre-determines set of parameters to enter and exit the market seamlessly.
Most of the so called Forex systems that are being advertised today use a process called Back-Testing. These Back-Testing results are used to mislead the new Forex Trader into buying a product. I will get to how the entire process works in a bit, but first it is imperative for you to realize just how phony these phantom results are. Have you seen websites selling an expert advisor that produces ungodly amounts of money, or the very amusing 99% winning trades claims? How about the ones that will guarantee profits, or you will get your money back ? Now, why on earth would anyone with any sense sell such a profitable winning system for $97 dollars? Am I getting your attention yet?
These very shady system sellers are simply trying to entice the sheep to buy something that is basically worthless, and this is how the scam works.
First, they use a basic system with many inputs that can be adjusted as needed on past data to make the results appear excellent. Second, all the trade data is based on past data. Finally, these rodents adjust the expert advisors inputs on the past data to falsely advertise their system. Now, it is time for these folks to hire a marketing company to peddle this pile of dung to people who do not understand how it works. I can say this because I was a victim of their tactics.
The Metatrader Tester was created to test strategies and inputs, not too sell a product. Do not fear, because I have a few steps you can use to avoid buying worthless forex system’s.
You need to find a forex system seller willing to post all live trade results on a daily basis. Most people call this forward test results, but we like to call it live trade results. The Expert Advisor needs to provide a  trial of their product before you commit to it. When you start trading currencies, nothing can be more important than excellent customer service to help in times of trouble. If you have to wait days for help, or to answer a few questions, that should give you an idea of who you are dealing with.

| 3 comments ]

I have been trading the Forex Market for almost 10 years and without any doubt in my mind, any retail forex trader needs to use a profitable expert advisor in my opinion. There are many reasons I say this, and I will try to hit on the most important reasons an expert advisor is the only way to trade. First, trading a winning expert advisor takes the emotions out of all your trading decisions. If you are new to Forex Trading, you know exactly what I am saying. Second, the Forex Market does not close. This fact alone will invite bad behavior to your trading strategy. I can not tell you how many times I took a trade just to take a trade that ended badly. At least in the stock market you are done when the day closes, but the Forex Market does not close. Third, when you set your expert advisor in motion, you need to let it do what it does and do not get in the way of it. What I mean by that is, do not let your emotions close or open a position, no matter what the particular trade is doing. I can not tell you how many times I interfered with the natural course of expert advisor produced trade, just because I thought something might or might not happen. Do yourself a favor and put your Forex Expert Advisor on a quality virtual private server or (VPS) to monitor your expert advisors trades. Last buy not least, trading a quality forex expert advisor takes the stress of manually trading a strategy away. In my opinion, Forex trading will be mostly automated in the future. Automated trading systems and Forex Expert Advisors will be the only way to compete in this incredibly liquid market.
Take your time and evaluate the automated trading systems and expert advisors that are offered today, because many of them available today are the professional variety that were not available to the retail public just a few years ago. It is your job to evaluate them and ask questions about how it trades. Most, if not all expert advisor developers will never tell you what triggers their trades, but knowing what is used to trigger the trades is a fair question to ask.
I noticed a few Free Forex Expert Advisors around the internet lately. I did evaluate a few of them and I was actually very pleased with what I found. In order to be able to trade these terrific expert advisors, all you need to do is open a live forex trading account with a small amount of money. I have spent many dollars on many Forex Systems and Expert Advisors just too find out that some free expert advisors actually perform much better then the EA’s I have purchased in the past.

| 3 comments ]

Before you take the big step to trade the currency markets, a very wise man told me to build a Forex Toolbox before you even make one trade. At first, I had no idea what this very astute friend and hugely profitable forex trader meant. Simply, he told me to do whatever possible to put the odds in your favor, because you will every edge you can find. I immediately started creating a detailed trading plan of my own.
First, I found a Fx broker that had low spreads on the trading pairs I would be trading. Remember, the bigger the spread, the more the Fx broker makes and the less you make.
Second, I heard you can receive free forex trading rebates from Introducing Brokers (IB) for all your trading activity. When I started evaluating these IB’s that offer this great deal, it was crystal clear to me, I needed to join right away. You get these rebates if you win or lose a trade.
Third, now it was time to build or find a stable expert advisor to do all my forex trading. An Forex Expert Advisor is simply a automated forex system that trades automatically on the metatrader platform. I realized this was a the superior approach because I always had problems with getting emotional while trading, and that will kill any trading account in a hurry.
Fourth, my money management in the past was horrible and I needed to find the right lot size to trade with my account size. I went to work and created a simple, yet powerful money management scheme that I adhere to for all trades.
Finally, It was time to find a dedicated virtual private server (VPS) to run my EA. At first, It was a bit overwhelming, but when you get everything set up it is exactly like running your home PC.
As you can see from the above points, your Forex Toolbox has some structure and it is up to you to do your homework and create you own FX toolbox.

| 3 comments ]

We have conducted a six month survey of people who use or have used Masterforex.org as their forex broker. From the survey of over 500 people, we rated all comments and suggestions on a five star basis. A five star rating is equal to 80% or more positive feedback of subject. A four star rating is equal 60% or more positive feedback of subject.
If you open a live trading account with our preferred forex broker masterforex.org with a minimum of $2500, you will be eligible to get the new winning TropicalStorm Expert Advisor free. get details
We have been happy clients of easy forex for over two years, and we love their nice small spreads and quick payouts. They recently added PayPal as a funding and withdrawal option. We highly recommend them.