Monday, March 16, 2009

Xray Live Trading Configuration Report by Darwin Dotson




















download now






































GOmega Xray is different from past versions in several important ways:

1) Xray is not a get rich quick robot but rather employs a get rich slowly approach. Xray was created to make slow, but steady gains employing a loose stop loss, smaller position size, and higher Reward/Risk ratio. In that sense, trading forex becomes similar to buying options. You know your risk and your potential return ahead of time, but you may have to wait a while to realize the profits.


2) In addition to a Profit Target, GOmega Xray also features a unique profit to risk calculation.

3) In GOmega Xray, your profit goal and reward/risk ratio are intergrated into GOmega Xray's position sizing algorithm.

Take a $5,000 account, risking 1% of the balance, 300-pip profit target, R/R ratio 3.5:1 yields an 86-pip stop loss and a position size of .06 lots calculated automatically.

4) The system compares the comparative strength of each currency against all crosses of each currency in the pair you are trading, and filters entries based on this information.

5) The system measures volatility with two independent methods, combining standard deviation and average true range into the Market Pulse indicator, to isolate areas of the market where action is picking up and trends may be in motion.

6) The system distinguishes between "random" movements in the market and trending movement through its proprietary Randomness Indicator.

7) Automatic scaling out - when a predetermined fraction of the target is attained, Xray will liquidate half of it's position is the trade.

8) The system does not have as many parameters. Most are fixed or limited to a narrow range.

9) You can trade with GOmega Xray continuously

10) Xray strategy options include a trailing stop loss.

These components when combined make GOmega Xray a powerful trading EA.

new GoMega Xray update

To get the GomegaXray Don't miss out

FOREX is an acronym frequently used to refer to the foreign exchange market, also commonly refered to as 'Forex' and 'retail forex' or 'FX' or 'Spot FX' and even simply 'Spot'.
Getting started in the Forex market is very easy requiring very little. This is one of the reasons Forex is such a popular home business. Add to that its impunity to the current world recession and you have an exciting home business opportunity. Many recommend that you begin with a demo account while you get familiar with trading online with metarader4 platform and expert advisor such as GOmega Xray from Quantum Research.



About the Author
How to start Forex trading with FAP Winner Strategies for FAP Turbo.
by Alexander Farley FAPTurboReviews.info

Saturday, February 7, 2009

Finding A Forex Broker India-00-2760

Finding A Forex Broker India

download now

No matter if you are Forex Trading in India or Forex Trading in Australia, Forex trading can be risky, but it does have huge potential for you to either make a lot of money or lose a lot of money. If you have been around the market awhile you will realize that not all Forex Brokers are equal, and in fact some border being just plain rip off merchants. This can be a major turn off for many new investors, the fear of being ripped off by a Forex Broker.

So how can you find a Great Forex Broker if you are trading From India? The great news is that there are some awesome forex brokers in the market. A good place to start is finding Forex Brokers as a referral or through a company that knows a lot about forex brokers. Recently the CFD FX REPORTresearched all the Forex Brokers and have found who they believe to be the best.

Now if you don't feel comfortable with that and you want to do all the hard work of researching brokers yourself, then here is a list of things to look about when looking for a great Forex Broker.

1. Find and validated the companies reputation- See what license they hold 2. Make sure they are tied to Forex legitmatly 3. If the company has just started stay away, they maybe fly by nighter 4. What sort of spreads do they offer 5. Do they offer stop losses? 6. Do they requite your orders? If the do stay away 7. What is the slippage? 8. Where is your money held? If it is not through a reputable bank stay away

Most importantly whatever broker you start with, start off small, test the waters these are just some of the research that CFD FX REPORTuse when looking for a Great Forex Broker.



About the Author
The CFD FX REPORT is a real time trading tool that offers clients free trading reports, with trading ideas, stock market and forex market education as well helping them with. Also if you are looking for a Forex Broker, then feel free to visit our broker section as we recently reviewed all the forex brokers and have found the best on the market.

Sunday, February 1, 2009

How To Trade Forex The Right Way - Do You Really Need Forex Scalping?

by Daniel Su

You can look at many different types of forex trading strategies when trying to increase your profits. Some people may choose the forex scalping method because they think it is a fast and easy way to reap the wealth from the market. But I will say that it is one of the most inaccurate and risky way of trading. Having the idea that you need to break down every aspect of the market and constantly be in action is the wrong way to go.
When you look at the most successful traders, and each depend upon the forex trading guide that has proven time and time again to be profitable for them. That being the case, many people will argue that learning how to trade forex is an extremely tedious business.

Some newer traders will look at the market and try to use too many methods to evaluate their trends. This is a great way to overcomplicate things and become extremely disorganized. If you are just coming into the market, you need to realize that you need to develop some forex trading techniques that will consistently produce your profits in the market.

Another pratfall when looking for your forex trading system is that people think they have to discover the next new super forex trend system or holy grail that will produce a hundred pips a day for them. It is quite impossible and absolutely not necessary as you can have a good living with the system that will produce just a few hundreds pips per month.

If you are looking for a system that is the be-all end-all where a forex trading guide is concerned, I need to tell you that it simply does not exist. Your goal is to find a simple system that will put money in your pocket on a steady basis and stick with it.

You should be looking for quality instead of quantity trades. One of the common forex trading strategies is to follow the trend or using breakouts. There are some forex indicators that will allow you to use those strategies effectively, the only challenge is choosing the right forex trading strategies in different market conditions. Bottomline is you should identify how you're going to focus your trading, make it profitable and stick with it.

The knock on this that forex trading can be boring and that you will lose interest. If you really struggle in forex trading, then you may want to consider some of the automated forex trading systems that will make you some profits in the long run. But of course, it is not advisable to use that if you have no idea on currency trading at all.

So if you find a good forex tradin guide that will allow you to identify trends and make the long-term moves, why would still you mess around with forex scalping? The most profitable traders find their niche and stick with it.

If you are still not making consistent profits from the market, you can get my free forex trading guide that will provide all the information you need on how to trade forex successfully. You will also find a simple and proven forex trading strategy that can get you started to make some profits - consistently.



About the Author
To learn how to trade forex successfully, click here to download my FREE 56-page ebook Forex Trading To Riches.
The author, Daniel Su, is the founder of ForexTradingPower.com where you can get free premium forex trading tips and resources.

Saturday, January 31, 2009

Forex Trading - 5 Tips For Financial Freedom

by Rob Patterson

Because they don't go into it with the proper training, many traders are finding themselves ruined and losing all their money. This can be a frightening prospect when first entering the Forex market, but by following these straightforward, sure steps I will lay out for you, you can avoid this catastrophe. Forex trading can be a great way to make money if you follow the rules and guidelines.
Be Confident

Having confidence in your own decisions is crucial. You have undoubtedly been taught the ropes of Forex trading and have learned how to make smart decisions and investments. So trust yourself and don't rely on another person's opinions or thoughts. Of course, though, this independence implies that you take trading serious and give thoughts to a decision before you risk your money.

Don't Try Until You're Ready

Only traders with lots of experience can invest without losing money in the Forex market. Most newcomers suffer losses before they learn the intricacies of trading. This fact should not dissuade you from trying, but it should encourage you. If you wait to trade until you are certain you understand it all and are ready, you will be ahead of the game.

Determine Your Style

You can use many different methods in Forex trading. It depends upon whether you are a go-getter, or if you are patient and willing to wait. In order to advance, you have to determine what works best for you and fits your style. A good way to learn this to try your hand at trading in a demo account. This way your experimenting will not risk your money.

Familiarize Yourself With Forex Trading

Make sure you know the details and make sure you have a firm grip on Forex trading. Even if you are impatient to begin, it is critical to have an education in trading. Forex seminars are extremely helpful and will speed up your education time by far. Also you should find a mentor - someone to share their experiences and advice with you. But just be careful when choosing this mentor, for your future in Forex trading will depend on his training.

Keep on Learning

The education never stops. Even after years and years of trading, there is always more to learn. This is true of anything you do in life. There is always something new that experience will teach you. Also, you should have a continual relationship with your trainers and mentors. This will make a great difference on your trading career.

By following these simple guidelines, your Forex enterprise will flourish. Just keep in mind that what makes a professional Forex trader from a mediocre trader is the desire and will to be independent. So many traders are fooled by being taught to rely on set strategies, approaches, or signals. But this will limit the traders to only do as well as the people they are copying. Why not try to do better?

Instead of relying upon another person's ideas, elite Forex traders will take the first step. They will be independent. Their decisions will be well thought out and perfected. They will act upon these decisions firmly and confidently and manage their account in a calm, intelligent way. This can be if you follow these simple guidelines and go to the next level with your trading skills.



About the Author
Ferris Malone writes about investing and early retirement. Discover the benefits a great Forex training program and effective coach can make by attending a risk-free online seminar offered by The Forex Trading Institute. Whether you're a new trader or experienced veteran, rock-solid forex training makes all the difference. For information and a seminar schedule visit http://www.thetradinginstitute.com

Wednesday, January 28, 2009

FAP Turbo Review - Anyone Making Money?This review will look at the FAP Turbo Expert advisor (EA) for the Metatrader 4 Forex platform.

This review will look at the FAP Turbo Expert advisor (EA) for the Metatrader 4 Forex platform.

I've been reviewing this product since January 5th 2009 on a live account.





My Experience

It's fair to say this EA has had its up and downs. Luckily however as of this writing i am in profit. You can follow my daily progress here.



This is the first EA i have ever used and i am impressed. Whatever people are saying about it, i'm having some success. There have been a few days this month where i've been skeptical, however after researching the forex markets i've realized that these losing trades have been down to volatile trading pairs.



My Strategy

As you may well know, FAP Turbo has a short and long term strategy. The long term strategy on EURUSD currency pair has not been very good. Although with some tweaking i have made it profitable on my demo account. The short term strategy on EURGBP and EURCHF have been pretty good. EURGBP being the clear winner by a long stretch. I will make all settings available here.



What i have learnt, is that although FAP Turbo is marketed as being self reliant (which it is to an extent) on extreme days it is worth turning the EA off or reducing your risk.



Visit my blog for the low down.



About the Author
Hi, my name's Hank and i'm here to help you help yourself. I hope this article has inspired you and given you the necessary information to make a better informed decision if you decide to purchase it. It's important to understand that my review and blog are totally unbiased; i'm not going to personally sell you a thing.

Sunday, January 25, 2009

Happy Forex Trader

Becoming a significant forex trader is not in making a kill in just a single trade to in trading day, week or month, may be confused about this, but the truth is that forex is business and it should be treated as such. As more and more people rush into the forex market these days due to the global economic crisis. Your purpose of trading should be spelt out. Forex is not a get rich quick scheme, it is not a place of solace for business failures; forex is real business no need to be in a hurry, a making profits even if the market is favourable, maintain a good trading plan because the market knows how to get take back from greedy traders. Know when to enter and exit any trade, no matter how profitable, with the profits compounded over and over from one to 12months, you can only imagine how rich you would become over time. The power of compounding is very great and that is the simple reason why top professional traders are making impact in forex today.There is no oracle or sky rocket science or either is there any Holy grail to forex trading. Just a measure predictability and ability to stick to the rules will definitely make you a happy forex trader.




About the Author
Born 4th April 1979

Monday, January 19, 2009

ForexTradingSoftware

YouTube Downloader 2.1.7


Download Now



Automatic Forex Software - How To Choose The Best

We all know how volatile Forex trading can be, especially since the trade happens 24/7. For a forex trader, in order to get the most profit out of your trades, you have to be watching the market constantly.But constant monitoring does not really leave you that much time to do other things for yourself now, would it? The good news is now you can utilize automatic forex software to help with all that. .

If you really want the smart way to maximize your profits, using an automatic forex software is the way to go these days. You just cannot stay on your computer for the whole 24 hours, 7 days a week, you know. This would be an absurd thing to do. But with the help of an automated Forex platform, you can configure the settings of your platform accordingly, and you can then have more time on your hands to do whatever you want to do.

The great thing about these automated Forex platforms is that most actually allow you to start with your very own demo account. During the demo period, no money is needed on your part.This is perfect for you to try out different softwares and platforms that suits your needs best.

However, do not assume that all softwares come with a free demo. But most of them will waive off the fee if you sign up with them.

There are many factors to look into when choosing an automatic forex software. First, they are available in either a desktop version or a web based version. If you check out forums, you will find that a lot of expert recommend that you get the web-based version for the many advantages that come with it. One of the advantages of a web based version is that the maintenance of the software is taken care of. Data security won't be an issue as well because most versions come with a server that is data-encrypted, making it as secure as it should be.

IHaving said that, should you go for the web based version, be sure that you have a good and fast internet connection.Having a fast and reliable internet connection is a must have for online trading as the market moves very quickly.

The best way to get started is to read Automatic Forex Software reviews.

For a list of automatic forex software reviews, CLICK HERE


About the Author
Horace Donaldson writes regularly about finance related topics. I hope you enjoy this article.