Trading Forex on Autopilot - Why Would You Trust a Robot?

Expert advisors and automated trading systems are the latest trendy ways of trading forex. For the life of me, I will never understand how human beings can let a robot do the trading for them. All of these forex autopilot systems are based on lagging indicators, such as moving averages, RSI, and many others. So not only is a robot doing the trading for you, but you are using a system that's based on past information, which offers no future insight into price movement.

Every forex trader who has been trading for over a month, I'm sure has heard this statistic: 95% of forex traders fail at making money. If the majority of people who are standing in front of their computers and are able to know about upcoming or breaking financial news and still can't be successful, then what makes you think that a robot will be as intuitive.

These kind of inventions were made for the times we live in. They market these autopilot systems so people would think that trading is so simple it can be done without any kind of human interaction. It sounds like such a novel, yet 21st century idea,. People think my computer is making me rich while I'm busy shopping. Well, it doesn't quite work like that. If you don't believe me, you can go to any forex forum and find hundreds of people working on expert advisors. You can see the stories of people that have dedicated years to building the ultimate autopilot system. The sad thing is they will never find it.

The forex market is constantly evolving. Maybe someday these trading robots will be as intuitive as humans. When that day happens I'll be the first one to give them the reigns to my trading account. However, until that day happens I'll stick with what's worked for me.

The real secret to forex trading is you. I was lucky enough to finally learn that the real key to forex trading is using price action. Once I was able to see a chart without indicators, it was like seeing the markets in a brand new light and finally enjoy forex success. You can read about how I accomplished this by checking out my squidoo lens.

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Automated Forex Trading

Forex Currency Trading Beginner Tactics

I'm going to take the time to share with you some forex currency trading beginner tactics that I've developed over the last few years. This is a big global market with over three trillion dollars a day being moved around. Just getting a tiny slice of that pie would be enough for you to retire on. This is what attracts a lot of traders to this market. The problem with that assumption is that it doesn't take into the fact that you need to be smart. You just can't join in and get rich quick. People have lost a lot of money in this market because they didn't know what they were doing. I'm going to share a little of what I've learned during my time.

I think one of the most important things you have to understand is how you will sabotage yourself. What I'm talking about is your emotions. They have this way of making you reject logic and reason, for a feeling. Obviously this isn't a smart move and always has bad consequence in the long term. If you're someone that gets gut feelings, or stresses out easily, you need to learn to control it. If these feelings start to influence trades, you've just turned this from a business into gambling.

Another important forex currency trading beginner tactic is having the right tools to get the job done. A lot of people try to avoid getting trading software because they want to "do it themselves". There's just too much information to take in this market to do it completely on your own. It's open 24hrs a day, so eventually you'll have to sleep and you need software to watch over the market and your trades.

The Secret Forex Code is a great place to start. Not only does it give you a complete course on how to profitably trade, it comes will all the tools you will need, including trading software.

Learn more at the Secret Forex Code Review.

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Forex Raptor Vs Forex Killer

Forex Raptor is a new automated trading software for the home based user. It enjoys the endorsement of leading Forex experts and has an impressive track record. It is interesting to see how this software compares to a more well know software such as the Forex Killer program.

What are the similarities and differenced of these 2 softwares?

What do they do?

Forex Raptor can actually trade automatically for you without your active participation, or you can trade manually through it. Forex Killer is an advisory tool which means that it just tells you what to do and you need to make the transactions yourself.

Currency Pairs

Both these softwares can work in multiple currency pairs from around the world. Every major pair will work.

Location

You can use both softwares from everywhere in the world

Ease of Use

Both of these softwares take a little time to get a handle on. Expect a week or two until you get them down perfect. Overall, they aren't too complicated.

Who are they for

Both Forex Raptor and ForexKiller are perfect for new and medium traders. Veterans can also find them useful as a supporting tool.

Platform

Forex Raptor can work with any MT4 broker. Forex Killer will work with any trading platform.

How Much money can you make

The potential is impressive with both of these softwares, but it is truly up to you, how much you trade, how well you follow what the program tells you, and other factors.

Track record

Forex Killer has a longer track record than ForexRaptor. It's just been around longer.

To read more about this Forex Killer, click here: ForexKiller Review.

John Drummond works from home. He writes often on business, trading, and finances. To read John Drummond's review of Forex Raptor, click here: ForexRaptor Reviews.

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Forex Trading - Why You Can NEVER Predict Forex Prices

If you think you have to predict forex prices in advance to win your wrong. It's a sure fire way to lose but you can make huge profits if you understand this simple point...

Forex trading is a game of odds

That's all it is but understanding this is your key to forex trading success.

There are lots of systems on the net and vendors who tell you that you can predict prices in advance but prediction is another word for hoping and guessing and that won't get you anywhere in forex trading or in life.

There is no way to predict what will happen, as markets don't move to science ( and if they did we would all know the price in advance and there would be no market) but they are not random either - chart patterns come around time and time again you can trade for profit.

You won't win every trade but if you win more than you lose you can make money and that's the object of forex trading.

You need to simply trade the reality you see on the charts no hoping or guessing and act like a good poker player would:

When you see a good hand in poker you bet on it sure you're not guaranteed to win but if you always bet with the odds in your favour you will win longer term with your forex trading strategy.

A Great Way to Trade the Odds

Is to trade breakouts to new chart highs or lows - look at any chart and you will see most major moves start from breakouts.

With a breakout, you don't predict you wait for the breakout to occur and trade the reality of the price break.

While this sounds simple most traders can't do it.

Why?

Because they haven't predicted it and think they have missed some of the move.
They therefore want a pullback where they can get in at a chart low and of course the trade does not pullback and they never get in.

Traders like to get in at a "comfortable level" and predict a top or bottom but the odds never favour them and they lose.

The lesson of this article is - trade the reality and forget prediction and focus on the odds. If you trade in this way you can make a lot of money and a breakout forex trading system is a great place to start.

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For free 2 x trading Pdf's with 90 of pages of essential info on Forex Breakout Trading System visit our website at: http://www.learncurrencytradingonline.com

Investor's Business Daily - The Shanghai Composite index outperformed all global markets in the first three months of the year, logging its best first-quarter start since 2000. The SCI soared 30%, while the MSCI Emerging Markets index ended flat and the FTSE World index lost 9%.

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