Easy forex trading strategies are required for you to be profitable in the already complicated foreign exchange market. The foreign exchange market is a trillion dollar trade involving millions of traders and speculators all over the world. It is not only a place for all winners to multiply their earnings from their original investment amount, but also a place where the losers are making the attempts to obtain back what they have lost, or lose even more. If you are planning to venture into the foreign exchange business, the easiest way to succeed is duplicating the proven techniques practiced by the successful traders. With years of experience under their belt, the pros will be able to tell you which systems will make you lose your investments and which ones will make you rich. These techniques separate the forex champions from the losers.
To prevent you from falling into these group of losers, this article will elaborate one of the easy forex trading strategies that had generated truckloads of money to the majority of professional traders out there. It is even easy enough for new traders to practice and has proven its worthiness in the forex game field: automated forex systems or forex trading robots
Easy Forex Trading Strategies: the automated Forex Strategy Revealed – what do you need to know?
Forex trading robots are basically software systems that has been programmed by a team of computer programmers in collaboration with forex professional players. The robot is able to extract real-time key investment data, converts them by using the algorithms in the programming codes into quality analysis and create vital reports to aid in your decision to speculate among the many currencies, including to buy or sell in perfect timing.
However, the quality of analysis and reports generated by the robot is very much dependent on the capabilities of the programmers, and much more of the forex guy. The more experienced the forex guy is, the more reliable the robot. With good input, the programmers will be able to conduct the precise and required programming codes to ensure that robot fulfills the trading necessities, in order for you to make profits, instead of making loses while trading.
Easy Forex Trading Strategies: the automated Forex Strategy Revealed – Which robot should I choose?
Here are some Bullet Proof tips for choosing the best forex trading robots:
1. Crisis proof. Choose a robot which is capable of re-adjusting to the changing market conditions. Should the market suddenly become too volatile (and therefore, too risky to trade), the volatility filter of the robot must be able to intervene and take the robot to an early exit. The bot must also able to adjust automatically to the conditions of a specific brokerage in addition to being compatible with both the instant execution brokers and the market execution ones. These features could only be experienced after you purchase the robots. Most vendors will provide you a refund should you are not satisfied with the robot.
2. Low Initial Investment Requirement. Choose a robot which requires a minimum of $450 for you to start trading on EUR/USD. Only if you wish to trade on both EUR/USD and USD/JPY, then you need to have a minimum of $4,000 in the trading account. Since most profits are generated on EUR/USD, so a minimum of $450 will be perfectly sufficient. It is important to note that if a robot programmer tells you that you can trade a forex robot with $100 or even $50, he is actually after your hard-earned money. Of course, you CAN technically trade even with as low as $1.00, but it will result in an instant margin call and put you out of business faster than you can hit the stop trading button. $450 here means that you can safely increase your capital and that all security filters have enough room to kick into action to preserve your money and your gains.
3. Easy setup. Find a robot which is easy to utilize, like a “set and forget” robot. Indicators include the requirements of not having to enter complex lists of settings, to upload files into various folders and to watch the robot during its trading. Everything should already be done for you.
4. No liquidity issues. The best robot must trade DURING the market hours and not between them, unlike many other unreliable Forex robots. This aspect ensures sufficient liquidity at all times, no matter what the situation on the market is and how many people are using the robot. The liquidity during the forex market hours totals in the trillions of dollars. Therefore, even if we had millions of people using the bot at the same time, it would not affect the currency market in any way
6. Careful & and safe trading environment. The perfect robot will trade during the different opening and closing times of stock exchanges in different parts of the world. That way, we will always be overall in profit no matter what the current situation is on the market. The robot’s time of market entry needs to be at a fixed time of the day, during which the massive asset transfer from US stock exchanges to the European ones takes place. The American trading floors (NYSE, CBOT, etc.) close down for the night when the European ones (Frankfurt, Amsterdam, Brussels etc.) are about to open in the morning, therefore boosting up the demand for the Euro against the US Dollar, as all stocks in the US are being traded in US Dollars and all stocks in Europe are being traded in Euros. The same is true for the USD/JPY currency pair- when the Japanese stock trading (where all stocks are traded for the Yen) ceases in the evening (NIPPON, NIKKEI etc.), the American one is about to resume in the morning.
7. Flexible trading. The robot must be able to trade in the two popular majors – EUR/USD and USD/JPY – which are offered by pretty much every broker in the market. Moreover, the spreads on these two pairs (mainly because of their popularity) are marginally low, which further serves to your advantage.
8. Auto adjusting to evade errors. If a news release suddenly hits the market and a broker drastically increases its spread in response, your robot must be able to recognizes it and automatically cuts the starting lot size for its trading cycles and once the spread is back to normal, trading with the standard starting lot size resumes. This aspect prevents the robot from being unable to close the cycle of time because of the suddenly increased spread. If your computer, VPS or internet connection experiences an outage, the robot must be able to be restarted from a different computer. It needs to be able to recognize the trades it opened from the old computer as part of its trading cycle and will proceed with the trading as if nothing has happened.
Easy Forex Trading Strategies: the automated Forex Strategy Revealed – Conclusion
With wise judgment and carefully considering the many factors of a good forex trading robot, you could become very profitable as the experts do.
Truly, forex trading robots can play a vital role in the many easy Forex Trading Strategies practiced by professional traders in the world.[ad_2]
Source by Therina J