Intro: Why Forex?

If you are reading this guide, you have most likely taken some sort of interest in
the Forex market. But what does the Forex market have to offer you?
Accessibility – It’s no wonder that the Forex market has the trading
volume of 3 trillion a day ‐ all anyone needs to take part in the action is a
computer with an internet connection.

24 Hour Market ‐ The Forex market is open 24 hours a day, so that you can
be right there trading whenever you hear a financial scoop. No need to
bite your fingernails waiting for the opening bell.

Narrow Focus – Unlike the stock market, a smaller market with tens of
thousands of stocks to choose from, the Forex market revolves around
more or less eight major currencies. A narrow choice means no rooms for
confusion, so even though the market is huge, it’s quite easy to get a clear
picture of what’s happening.

Liquidity ‐ The foreign exchange market is the largest financial market in
the world with a daily turnover of just over $3 trillion! Now apart from
being a really cool statistic, the sheer massive scope of the Forex market is
also one of its biggest advantages. The enormous volume of daily trades
makes it the most liquid market in the world, which basically means that
under normal market conditions you can buy and sell currency as you
please. You can never be in a jam for currency to buy or stuck with
currency that you can’t unload.

The Market Can’t Be Cornered ‐ The colossal size of the Forex market also
makes sure that no one can corner the market. Even banks don’t have
enough pull to really control the market for a long period of time, which
makes it a great place for the little guy to make a move.

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Choosing the Best Currency Trading Platforms

The forex market can be a difficult thing to manipulate without the aid of currency trading platforms. The said places are mostly software applications which help traders get a better grasp of the game. In this digital age, the use of technological trading platforms becomes important as competition also toughens up. Bear in mind that forex trading is a 24 hours a day and 7 days a week type of business. The only one who can possibly hold you back from earning much is yourself.

Admittedly though, there are lots of currency trading platforms available these days. As people begin to realize how useful these online systems are, software developers have also tapped into the potential of creating such applications. To help you sort through your options, it's best to know the features that your trading platform application must have. Here are the factors you need to consider.

1. Simulated Performance - This type of software application resembles that of the actual currency trading market. But the good thing about this type of application is that they usually start off as a demo account or even advise potential customers to sign up for a free account first before they decide to make a full purchase. During the demo period, the application verifies your use and needs for an online trading platform. So in the process you can also evaluate whether the simulated application will fit your business in the long run.

2. Real-Time Data - When choosing your trading platform, you should also take note of its efficiency in terms of updating currency status. After all, this is where your business banks itself on. Your business must update as soon as the currencies rise or fall so you can immediately decide when to buy and when to drop certain currency investments. Make sure that the application is linked conveniently onto the forex market online and that it synchs just in time with the performance of your computer.

3. Available Trading Accounts - As the face of forex becomes more complex, so should the currency trading platform you have. Trading accounts are designed differently in each platform application, made with certain features that may or not be available with others. Some of this features may include how many can simultaneously access the platform at any given time or even a firewall protection to help prevent information hacking and misuse by unwarranted personalities. Although you may have started on the basic type of account, the best currency trading platform will be that which can be upgraded easily and attached with other additional applications for your added convenience.

Aside from these factors, you should also consider reviews and referrals coming from people who have been in the trading business years before you. Read up blogs and forums which discuss these currency trading platforms so you can have a clearer grasp of the applications that you should watch out for. Keep yourself in the know and also do some background research before making that investment. In the end, your trading platform may have a big say on whether or not you will be successful in the currency trading business

by: Pete Miguel

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Automated Forex Trading Systems - A Free Forex Robot That Makes Big Profits!

You can buy a Forex robot but the ones you see heavily advertised online but they don't ever deliver the gains they say they can and most deliver an equity wipe out. The good news is you can get a free trading system, that has worked for a quarter of a century and will continue to work. Let's take a look at it in more detail...

Before we look at our great system, let's see why you should avoid the ones sold online.

Most of the systems sold rely on back tests or simulations, as the basis for their track records so simply made up knowing the closing prices. Of course this is easy but you don't get the closing price in advance, when you trade in real time!

Some system vendors produce real track records but they are not independently tracked, you have to take the word of the vendor and personally, I would be happier with an independent audit.

Of course saying you can double your profits every month, with no real drawdown is not true due to the nature of Forex markets where you cannot predict what will happen next. No system has ever doubled profits every month over the long term.

So what gains can you expect with the best Forex Robots?

It depends on the risk you wish to take but the best will turn in solid gains of 30 - 100% annual profits and this is a great return on your investment.

Now let's look at a free automated Forex trading system, it's called the 4 Week Rule and its free for everyone to use and left by Richard Donchian one of the true legends of trading and the grandfather of modern trend following.

The system is incredibly simple. Here is the rule.

Buy a currency on a break to a new 4 week high and hold. Close the trade on a new 4 week low and go short. Always maintain a position in the market and keep buying and selling new 4 week highs and lows.

It's simple, objective and works, here's why...

Currency markets trend long term and most of the trends start and continue from new price highs and lows. If you use the above system, you will catch every major move and get in on all the major trends.

Don't be deceived by the systems simplicity, that's its strength. Simple systems work best, as they are more robust than complicated ones, with fewer elements to break.

The 4 week rule has been at the heart of many successful Forex trading strategies, for over 25 years.

Most traders won't use it though, they prefer systems, with catchy names, glossy packaging and exaggerated claims, despite the fact they don't ever produce the gains they claim.

So if you want a logical, simple forex trading system, that actually makes money, then the 4 Week Rule could make you huge profits long term, in around 30 minutes a day. Its Free, so test it out and you will surprised at just how much money it makes.

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