Automated Forex Trading

Forex trading is a small segment of vast market of foreign exchange. It has been seen and witnessed that it represents 2% of the entire foreign exchange market. With is increasing tendency and regular evolution in the past few years it has gradually shifted from the traditional route of intra-bank papers trading systems to new and more advanced route of electronic trading with the developing forex trading software systems in the field.

In 1966, when the forex trading came into existence, there were several bookers handling the trade but they lacked specific tools and each had its own specific trading platform according to there needs and requirements.

Later in 2000s some software companies entered the market with their forex trading software which created a new version of trading platform. In the beginning some traders did not paid heed to the new development and carried on with their old tools but some did and this brought a misunderstanding between the traders that affected the forex market.

It was in the last few years that the FX trading software took place of the old tools and it became more accessible to the traders which in turn made the currency trading system more simple and intuitive.

It was very difficult to create an automated forex trading system as the market keeps on fluctuating and also to tell the investors to look upon which zone, which currency to buy and sell and when to look for the counter trends.

Some software companies in the beginning failed to meet such requirements but later some developed an Automated Forex Trading System that met all the requirements and became popular with the investors along with them some banks too expanded themselves with the FX trading appeals.

Forex Trading Systems - Forex Rebellion

Forex Rebellion

Overview:

This system took me by surprise, I must admit, I was expecting more of the same, a woolly, half baked idea put together to sell to others. What I found was an incredibly precise, well thought out system and when I watched some of the videos on the sales page, it was clear that Russ Horn is a trader and a damn good one at that. As my regular readers know, my method of trading consists primarily of scalps and reversals, never have been much of a trend follower, preferring to choose turnarounds, for short and sharp move, which serve me well. Now, this system does both as it can be traded as a trend following system and is good at picking confirmed reversals. This is great as it can often get into a new fresh trend, and those are priceless.

Being keen I immediately put the system to the test in the real world, opened 2 positions and made around 50 pips each in 2 hours. Now 2 hours is a long time for your truely, but I managed to hold my breath and stay in. Needless to say I could have had another 20 pips or so, and that's what is so good about Forex Rebellion, I have come to trust it very quickly and am learning to expand my scalper mentality, by taking ¼ position off after the initial push and manage the rest.

Ease of Use:

Ok, if you've been using MT4 (Metaquotes free charting package) for a while, you can set it up in a few minutes. If not, Russ has produced a few videos showing you exactly what to do, he's even automated some of the process for you.

The documentation is great, no fluff, no beating about the bush, easy to use PDF and for those too lazy to read, a load of mini videos, detailing everything, setup, entry, stops, exits, the whole enchilada, this guy is a good teacher too. Each video is only 4 - 9 minutes long and there are numerous live trade videos for those (like me) who learn by example.

The Method:

A highly visual signal is issued for either short or long, entry point is visual too and is ahead, so that you do not enter at market but set a order. The stops are clear to see and are simplicity itself as are the target and trailing once you're in the money. (In all the trades I took, the price never came near the original stops). Money management is easy, as all is clear and you can calculate sizing accordingly. Of course not all trades will be winners, however, Russ has figured a method to reverse a losing trade and profit from that, brilliant. There are some extra bonuses that help you select a high probability trade and videos on money management and emotions.

Education Online Forex Trading

There are many people who are interested in forex trading. But before you start trading in forex, getting a good online forex trading education is important. The forex market is largely a technical market with its own forex terms and processes so it is important you grasp the fundamentals with an online forex trading education.

Why Online Forex Trading Education?

Most people who want to try forex trading are often busy with other aspects of life to take care of. They probably do not have the time to attend a course on forex trading. Therefore, an online forex trading education is more suited.

Since it’s online, you can take your time to read and digest the information at your own pace. Also most of the basics of forex trading can be found online for free. There are tons of websites that provide free forex trading courses and tutorials.

There are also free forex trading seminars online available plus advanced forex trading courses online such as the forexmentor program. While it’s usually not free, the costs are pretty cheap compared to attending a forex trading course in a classroom.

Another important part of an online forex trading education is practice. I believe no matter how well you understand forex trading or if you score an A in a forex trading course, the real deal comes when you actually start trading.

Most forex trading sites provides a demo account for new beginners to forex trading to learn how to manage their forex trading account. There is no monetary risk, so it is a very good way to learn the ropes.

Once you feel you have sufficient experience, you can open a regular forex trading account or a mini forex account. I would highly recommend you open a mini forex account and start trading in smaller amounts. It has all the features of a regular forex accounts yet you can start one usually with about US $100.

It’s important you do not rush through your online forex trading education. Take your time to understand and start trading in small amounts to practice. As the saying goes, practice make perfect.

Reviews Online Forex Trading

Online Forex trading is a business of risk. It is only wise to choose your online Forex platform providers and brokers with utmost care. You can read books, magazines, or surf online for the corporate profiles and investment portfolios of the brokers you are considering, but oftentimes, this is not enough.

What you need to do is consult online Forex trading reviews. Here, you will have access to actual assessments from small investors themselves, accurate evaluations from expert financial institutions, and helpful comparisons based on key market indicators.

Benefits of Consulting Reviews

Online Forex trading reviews allow you to read technical analysis of different brokers' performances over the past months or years, either as a whole or in terms of specific currencies. Many reviews are written by veterans in the currency trading industry - people who have traded successfully for years. More often than not, these technical data are rewritten in laymen's terms so that you can understand them completely.

Online Forex trading reviews allow you to compare and contrast brokers, so that you can find one that is willing to handle your investment the way you want it handled. The information from these reviews will help you zoom in on a company whose policies are well-matched to your behavior as an investor - your willingness to take risks, your level of conservatism, etc.

Finally, online Forex trading reviews give you access to the opinions of investors themselves, big or small. The assessments of others who share the same viewpoint and context as you can often prove to be more indispensable than the opinions of trading experts. These people speak your language, share the same concerns as you, and probably have the same questions. Their reviews can give you enough market intelligence to intuitively manage your own portfolio.