My Forex Wiz » Forex http://my-forex-wiz.com Mon, 11 Jan 2010 17:51:34 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Automated Forex Day Trading – Advantages of Using Automated Forex Trading Software http://my-forex-wiz.com/automated-forex-day-trading-%e2%80%93-advantages-of-using-automated-forex-trading-software/ http://my-forex-wiz.com/automated-forex-day-trading-%e2%80%93-advantages-of-using-automated-forex-trading-software/#comments Fri, 04 Dec 2009 18:32:07 +0000 admin http://my-forex-wiz.com/automated-forex-day-trading-%e2%80%93-advantages-of-using-automated-forex-trading-software/ Ricky Lim asked:If you’re looking to obtain substantial profit, thenfxautopilotbase1
you should definitely use the automatic forex day trading system because it can help you gain some money in a short period of time. But in order to succeed, you’ll have to know all the basics of the forex trading market and to understand the mechanism behind it.

This automatic system will reduce the risks of losing a large amount of money and it offers a few important tips on how to overcome any unpleasant situation. The trader is the one that decides how to make money but the automated forex day trading offers all the time new methods to be used.

The system will do the entire math for you but if you plan to keep manual evidence then no one will stop you. As you can see, the automated forex day trading will do everything for you from calculation to risk evaluation.

Usually the beginners are the ones that mostly use this system but that doesn’t mean that any other trader won’t be able to use it. It’s perfect for anyone from novice to advanced traders.

The users can call the customer support service 24 hours a day and they will be thought how to understand the process in order to make a substantial profit. All the answers are correct because the software was especially developed by a team of experts and professionals in forex trading.

Also, you can use the system to improve your trading skills by doing some tests that will help you learn a few tricks using virtual money as example.

The automated forex day trading software is 100% free and that means that you won’t have to pay any subscription fee to access all the above mentioned features. The forex trading signals will be generated automatically without any monthly payments.

The professionals can use their high capital to trade in multiple currencies because the software comprises all specific markets in a single one that can be accessed very easily.

Probably the best attribute that describes this system is versatility because it allows different transactions to happen from different fields. The trader can choose an unstable market with various time zones for trade and he can supervise everything that’s happening with his money.

There is also an evaluation feature that uses the movement of foreign currency to analyze the data so that the trader will be able to use it in any future assessments.

Forex trading is active 24-hours a day and that’s why an automated forex trading system will help you control your money even when you’re sleeping.

]]> http://my-forex-wiz.com/automated-forex-day-trading-%e2%80%93-advantages-of-using-automated-forex-trading-software/feed/ 0 Forex Trading Systems – Want to Win 90% of the Time? http://my-forex-wiz.com/forex-trading-systems-%e2%80%93-want-to-win-90-of-the-time/ http://my-forex-wiz.com/forex-trading-systems-%e2%80%93-want-to-win-90-of-the-time/#comments Sat, 28 Nov 2009 12:14:41 +0000 admin http://my-forex-wiz.com/forex-trading-systems-%e2%80%93-want-to-win-90-of-the-time/ Harold Hsu asked:

Online, you’ll often read about Forex trading advertisements that boast offorex-trading-system1-300x290more than 90% winning trades.

Sounds great doesn’t it? Would you pay $100 for a trading system that may win 90 out of every 100 trades?

If you answered “Yes”, you’re in trouble!

Unfortunately, the truth is that a high winning percentage has little to do with being a profitable trader. In reality, it’s easy to have 90% of winning trades and still lose money.

Don’t believe me? Go ahead a search online search for the “turtle traders”. If you’re familiar with them, you’ll know that they are very profitable traders with only a 20% winning trade percentage.

Allow me to explain

Imagine you make 10 trades in a month, and 9 of these trades are profitable for $1 per winning trade. This means that you have a winning percentage of 90%, with $9 in profit.

And if you have only 1 losing trade out of 10 (i.e. 10% losing trades), but you lose $10 on that one losing trade. In total, you would have lost ($9 – $10) $1 among all your ten trades.

Can you now see why a high winning percentage doesn’t mean that you’ll be a successful trader? You see, it’s not about how often you win, but how MUCH you win.

So don’t fall for the marketing tricks

Many advertisers use high winning percentages as a sales tool to get you to buy the trading systems they are selling. They know that traders like to win all the time, and who doesn’t like to win often? These advertisers try to appeal to everyone’s desire to win, and unfortunately many people fall for their trap.

Conclusion

It’s easy to have 90% winning trades and still be a losing trader. At the same time, you can have a low winning percentage, but be a very profitable trader. In reality, winning percentages have very little to do with a trader’s success.

So don’t fall into the advertisers’ trap when you see their “high winning percentage” claims next time. When people use high winning percentages as a sales pitch, chances are that they know very little about what it truly takes to be a successful trader. Be careful!

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