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Tuesday, May 5, 2009

Making The Automated Forex Trading System Work For You

By Brian Bodine

Everybody dreams of making a lot of money with minimal effort. Foreign exchange traders are drawn to this dream, thinking an automated Forex trading system will help them realize it. But is it really possible to just turn the system on and wait for the money to come in? The manufacturers might make you believe so. Yes, it can help you make money. But, the sad truth is, many traders still end up losing rather than earning.

Let us try to see why the promised autopilot fails to make the said dream a reality.

A lot of Forex robots in the market today boast of track records claiming huge profits. What some traders fail to notice is that these claims are based on paper simulation. What it comes down to is that the program simply knows all the market prices. This is not proof that it will bring in profits. To know how much the closing prices are is not all there is to it in trading. So, in choosing a good system, do not go for simulated ones. Choose those that have proven records over a long period of time.

Do you wonder why some traders still do not succeed even if they are using good programs? While the simulated programs do not have real losses in real time, in the existing trading world, you will suffer losses. You do not need to fear these losses, as they do happen to everyone. This does not mean though that your losses are permanent. You can still make profits. For the moment, you will just need to ride out this short-term drawdown.

Some systems put you in a period of drawdown. During these times, avoid making emotional trading mistakes. Keep in mind that markets fluctuate and losses are normal so do not stop adhering to your trading signals. It is imperative that you maintain your mindset and discipline until you gain profits again. You can psych yourself up for this by identifying your worst drawdown and assuming at all times that it is just ahead. To add to that, always understand and believe in your strategy as well as your system so you will not hesitate to act accordingly.

Despite what is said in the previous arguments, an automated Forex trading system can work. It is a useful tool and it does work. However, contrary to what manufacturers might say, do not expect consistent profits and zero losses. No matter how intelligent the tool is, you would still need to rely on your own strategy rather than depend on an automated system. Unlike simulated programs, you would need to look beyond short-term and start seeing long-term. - 23204

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Private Money is the Secret to Success

By Steve Jacobsen

The most frequent excuse people use for not getting involved in real estate investing, other than fear of failing, is lack of financing. In reality, it has really not been easier or more attractive than now to invest in real estate. Previously, the only options around for private money loans were financing through banks or high interest loans made available by hard money lenders. However, banks often require a substantial down payment, usually 20%, a ton of paperwork, and a daunting underwriting process that has kills many a deal.

The other option has been hard money lenders, however the rates are usually exorbitant, which means the deals had to have a huge margin to make any sense. As we already know, lending is not nearly as accessible as it has been in the past, but the credit markets do show signs of improvement. Lenders that are willing to lend money today typically require significant equity from the borrower and outstanding credit. Moreover, it seems hard money lenders are charging exorbitant rates because they're aware that borrowers have limited options.

While the current economic environment has created challenges for investors, it also presents tremendous opportunities for those who recognize this and are willing to find solutions such as private money loans. This market has opened the doors for a new breed of loans called transactional funding, which is normally used to fund short sales, and private money, which is similar to hard money. Private money is the most advantageous option for many investors because the investor controls the deal.

Private money can be raised in many ways - brokers may pool the funds, or wealthy individuals may provide your funds. The erratic moves in the stock market and global capital markets has made many investors running for more secure places to put their money.

Think about it from the private money lenders perspective. Where do you think he would rather put his money? In the stock market, which has been more erratic than any time in recent history, or an investor that's purchasing incredibly low risk real estate investments that have 30% + equity and, by the way, is secured by the property? No need to guess which option makes more sense. That's exactly why many real estate investors are having such success these days getting private money sources.

While banks will eventually open their doors and begin lending again, private money lenders offer a new breed of lending that's probably going to stay around. - 23204

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Stock Trading Strategies Reviewed-Decision Bar Trading

By Steve Polk

Who do the stock market advisiors turn to when they are looking for advice? It none other than the creator of the under ground stock market trading system The Decision Bar Trader, Les Schwartz. This is my all time favorite method of trading.

The Decision Bar Trader created by Les Schwartz is a very simple to use yet highly effective piece of software for trading just about every kind of market. Raw beginners can use the Decision Bar Trader and become successful in short order.

Les has been trading since 1988 and really knows his stuff. Les' theory is everything comes down to price. You can only make money by buying lower than you sell. (Or, if you're selling short, selling higher than you buy.) Les has built his system to take advantage of the natural entry points for almost any trading instrument. His method make perfect sense.

It sounds almost to easy, and one may be tempted to stray from the system. If you follow his system and software as he teaches it will be hard to lose money. The system and software can be used in Day trading, longer term trades, and option trading.

Learning the Decision Bar Trader signals, entry and exit points is a breeze. You can expect to actually use the system the day as you receive the software and training manual.

Les offers a 30 day FREE trial. Postage of course is not refundable. Decision Bar Trader works for stocks, futures, and the Forex markets.

As mentioned above Decision Bar is applicable for all time frames as well as option traders.

Decision Bar does require you to have live data feed if you are day trading. I highly recommend that you use a live data feed even if you are not a day trader. Several live sources are given that also have a free trial to go along with the system.

Decision Bar does require some thinking on your part. This is not a black box. Your decision to take a trade or not trade is made easy once you understand the system.

Decision Bar Trader is worth its low monthly cost especially if you are an active trader. It can even save you a lot of money from the bad trades it will keep you from taking. In a nutshell:

Paper trade Decision bar trader for a full month for free and then decide for yourself. You have nothing to lose but your time. You'll discover as others have that Les Schwartz and Decision Bar Trader is the real deal and the go to guy when it comes to trading the markets. - 23204

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Is Day Trading Easy?

By Hass67

Many ordinary people want to try day trading from the comfort of their homes. Do you know this fact that most fail. No more than 10% succeed at day trading in the long term. Are you interested in day trading? Than read on what it takes to be a good day trader.

Make one thing clear from the very start day trading is not a hobby. Day trading is a job full time or part time but nonetheless its a job. Take it this way if you want to try day trading.

So what it takes to be successful at day trading. Day trading is like owning a small business. You are the boss and you call the shots. Take it like this.

Successes and failures in day trading are due to you. You need to understand this. You cant blame the markets. If you are an independent personality who likes to control destiny than day trading is for you.

Day trading only requires a computer, a good internet connection and an account with a brokerage firm to start with. In day trading you need to understand how to use software to develop and refine your trading strategies. If you are comfortable in understanding and learning technology, day trading is for you.

If you have always been fascinated with the financial markets and how they move than day trading maybe for you. Markets are amazing. If you enjoy watching CNBC than day trading is for you.

But, if you have never opened a brokerage account, never purchased stocks or invested in mutual funds than day trading is not for you. You do need prior investing experience to succeed with day trading.

Day trading has a potential for loss. If you understand trading systems, strategies and money management principles than day trading is for you.

If you are a decisive and a persistent personality and you can afford to commit to your trading than day trading is for you.

Day trading can be stressful. Day trading needs a good support system in order to maintain emotional stability when markets gyrate with news events that no one can foresee beforehand. Markets can be ruthless. You need to be psychologically strong to be a successful day trader. Forex is best for day traders. - 23204

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Do Automatic Forex Traders Really Work?

By Brian Bodine

With over 3 trillion dollars transacted on a daily basis, currency trading is one of the hot favorites in the trading market. Computers and technology have further helped traders to gain more profit from this booming industry. Automated trading systems have now made things really easy for the traders and have certainly increased the probability of successful trades.

Though these systems are highly popular, people are still skeptical about their efficiency and reliability. Do Automatic forex traders really work? Are these forex robots reliable? Here is a brief answering these questions and analyzing the benefits of these systems.

Forex robots are nothing more than computer programs which are written with the help of complex algorithm to ensure right prediction and greater profit rate. These robots work well in the forex trading and more than 80% of their trades are successful.

So if this is so easy why are people still losing in the forex market? Though these robots are automated to do everything on your behalf it still requires you to have some basic understanding of forex trading. You need to have sufficient capital and choose the correct broker in order to get the maximum benefit from these automated systems. Installing these systems into your MetaTrader platform is also important as this step acts as the key for your robot to start its job.

Once these robots are installed, they start their work and will do the trading on your behalf. Unlike trading signals which only alert you of any market fluctuations, these automatic forex traders also make profitable trades for you and maximize your outcome from forex market. - 23204

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