Automated Forex Trading Software System Online Currency Trading
If you thought that forex trading was all about knowing when to buy or sell
, or developing your own trading strategy, think again.Click to Get Best Forex Automatic Trading Robots Here we'll show you how to profit from the 21st century tools which will shift your thinking From - choosing which fx pair to buy or sell To - choosing which profitable trader with a proven track record to trade a managed account for you. If you think that sounds expensive, wrong again - your broker will be paying for it. Like selecting a CD to play on your HiFi all you have to do is look down a list, select which one to play and then sit back and let the automated forex technology take over. Faster home computers and broadband internet connections have enabled the world of forex trading to evolve to a new level where you can have a managed forex account with your broker traded for you by one or more expert forex traders. Automated forex trading is the 21st century way for anyone to trade forex profitably. Think of it like this - when personal computers first became popular in the early 1980s, anyone who bought a computer had to learn how to program the damn thing to make it work - hence early home computers had a certain nerd (and therefore limited) appeal. 20 years later everyone (even my mum) has a computer at home, running all sorts of fabulous software applications which do everything for you, and no one (except possibly the die hard nerds) now gives a second thought to how the programming works behind the scenes. In the same way, when retail forex trading first became available to you and I, we had to learn about technical analysis, how to interpret price charts, and basically learn how to trade. If we thought the US dollar was going to strengthen against the Japanese Yen we would log onto our online broker and Buy the USD/JPY. Whether we made a profit or a loss was down to how good we were at trading our own strategies, which is a bit like how well the 1980s home computer ran was a function of how well the average person could write a computer program. Automatic Forex Trading In the same way that you choose a piece of software written by an expert programmer to perform a particular task on your computer, you can now choose a particular expert trader (based on their performance record) to trade their successful strategy in your managed forex account. So, whereas previously your decision was selecting to buy or sell a particular fx pair (e.g. the EUR/GBP), now your forex management decision is selecting which forex expert to auto trade your account. How much does this expertise cost you ? Nothing. It's absolutely free. The forex auto trading provider and the expert signal provider are compensated by the broker with whom you choose to autotrade the expert's signals. All you do is sit back and watch the results in your managed forex account.
Click to Get Best Forex Automatic Trading Robots Automated forex system trading - how to choose your expert As the signals are communicated to your broker by server you don't even need to have your computer switched on, or even be awake. The trades of the expert trader you have selected will be traded in your automated account. A good provider will give you detailed past performance data for each signal provider, which really enables you to sort the wheat from the chaff of managed forex trading. For example, while it may be tempting to immediately go searching for the forex autotrader expert who has delivered the biggest profit over the last 12 months, we would suggest that what you really want to know is which automated forex trade provider had the combination of the lowest drawdown and the highest overall profit over the last 1 - 6 months. The point here is that there is no sense in selecting a signal provider who over a period of 12 months has delivered a fantastic profit, but has along the way had 4 horrific months with big drawdowns, which if they had occurred in your account would have given you real problems. So, choose your signal provider firstly with an eye on how much risk you are willing to take, and secondly with a taste of how much profit they might deliver for you. Remember risk first - profit second. Our favourite provider really enables you to slice and dice the performance of the signal providers, by allowing you to analyse performance by parameters such as timeframe (3 days all the way up to 2 years), volume of trades (and hence average trades per day), win rate, average trade duration, and particularly interesting we thought is the parameter that shows you how many other people like us are actually trading with any particular signal provider in their managed forex trading account. With this level of data available to you, there is no excuse for not doing your due diligence and knowing exactly who you're getting into before their signals start trading your money in your account. Remember also that if you have been on a forex training course you will be able to identify for example whether markets are ranging or trending, and you can then apply your knowledge to select autotrade signal providers who provide the best results in each specific market condition.
Click to Get Best Forex Automatic Trading Robots
Automated Forex Trading Software System Online Currency Trading
By: Viy Aita