How much precious time do you spend watching the Forex market trying to identify the right price to BUY or SELL?
Instead, why not have our professional forex trading team monitor 8 currency pairs, 24 hours a day. When it’s time to trade we will flash the identified BUY or SELL trade opportunity to the powerful 4XFindMe Forex Signal software on your computer.
Monday, November 17, 2008
Friday, November 7, 2008
CFTC RULE 4.41
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
So there you have it - the track record is simply made up knowing the closing prices and vendors do this hoping the gullible trader will swallow it and they do time and time again.
Of course we can all make money knowing what happened - but trading is a little more difficult than that, we have to trade not knowing the closing prices.
So why don't forex scalping systems work?
Its obvious, we have millions of traders all with a different point of view, methods and skills and trying to decide what this mass will do in a few hours is doomed to failure. Humans are not logical and in short time spans they can and do, drive prices anywhere.
This means that if you have a forex trading system that is trying to take advantage of short term moves, you cant use support and resistance (volatility can and does take prices anywhere) and you can't get the odds in your favor.
To be frank you could toss a coin instead and your results could be as good!
Of course if you still don't believe me ask yourself this question:
If forex scalping worked then why doesn't the vendor have the confidence to trade himself and give you a real long term track record of gains?
If you have read and understood the above you know the answer - forex scalping systems simply don't work.
So there you have it - the track record is simply made up knowing the closing prices and vendors do this hoping the gullible trader will swallow it and they do time and time again.
Of course we can all make money knowing what happened - but trading is a little more difficult than that, we have to trade not knowing the closing prices.
So why don't forex scalping systems work?
Its obvious, we have millions of traders all with a different point of view, methods and skills and trying to decide what this mass will do in a few hours is doomed to failure. Humans are not logical and in short time spans they can and do, drive prices anywhere.
This means that if you have a forex trading system that is trying to take advantage of short term moves, you cant use support and resistance (volatility can and does take prices anywhere) and you can't get the odds in your favor.
To be frank you could toss a coin instead and your results could be as good!
Of course if you still don't believe me ask yourself this question:
If forex scalping worked then why doesn't the vendor have the confidence to trade himself and give you a real long term track record of gains?
If you have read and understood the above you know the answer - forex scalping systems simply don't work.
Forex scalping systems
Forex scalping systems are all over the net and there very popular as traders seek to scalp small regular profits and build big gains and an income over the longer term. So how do you find a forex scalping system to lead you to currency trading success? Let's find out.
Of course the promises of regular profits and the track records produced by vendors are not real because forex scalping simply doesn't work and whenever you see a forex day trading or scalping track record, you will see the disclaimer below - READ AND DIGEST IT:
Of course the promises of regular profits and the track records produced by vendors are not real because forex scalping simply doesn't work and whenever you see a forex day trading or scalping track record, you will see the disclaimer below - READ AND DIGEST IT:
Wednesday, September 17, 2008
How currency exchange (FOREX) market works
I bet you are well aware of the existent of Forex trading nowadays. Forex market exists wherever one currency is traded for another. Forex, or Foreign Exchange Market, is generally works as an international currency exchange market. Investors and speculators are allowed to trade currencies from all around the world thru Forex trading.
Forex is a very unique type of trading where traders are buying and selling 'money' in the same time. The trades are done in pairs, such as Euro/JPY, USD/CHF, and CAD/USD. It is the world largest trading market where an average of $1.9 trillion trades is done on a daily basis. The turnover rates in FOREX are nearly 30 times larger than the total volume of equity trades in United States.
Despite its large volume of trades done daily, Forex is relative new to the publics nonetheless. It is only made available to publics in year 1998 where big sized inter-bank units are sliced into smaller pieces and offered to individual traders like you and me. Before that, Forex is a game only for banks, multi national cooperation, and big currency dealers. Only those with large business size and strong financial background were permitted to trade foreign currencies.
Forex is a very unique type of trading where traders are buying and selling 'money' in the same time. The trades are done in pairs, such as Euro/JPY, USD/CHF, and CAD/USD. It is the world largest trading market where an average of $1.9 trillion trades is done on a daily basis. The turnover rates in FOREX are nearly 30 times larger than the total volume of equity trades in United States.
Despite its large volume of trades done daily, Forex is relative new to the publics nonetheless. It is only made available to publics in year 1998 where big sized inter-bank units are sliced into smaller pieces and offered to individual traders like you and me. Before that, Forex is a game only for banks, multi national cooperation, and big currency dealers. Only those with large business size and strong financial background were permitted to trade foreign currencies.
Money Management
You are in the business of making money, and in order to make money you have to learn how to manage it. Ironically, this is one of the most overlooked areas in trading. Many traders are just anxious to get right into trading with no regards to their total account size. They simply determine how much they can stomach to lose in a single trade and hit the “trade” button. There’s a term for this type of investing….it’s called GAMBLIN.
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