Is Forex Autopilot Any Good?

By David Controm

You must have heard about the forex autopilot software. It has been created by Marcus Leary, who is very well respected. Its an EA which is used to trade the forex market without actually involving the trader. Basically all the work is done for you.

The million dollar question is, will it work for me. And if it does, will I become rich from using it?

The answer to this question is a definite maybe. Frankly there will be people who use it and have incredible success with it. There will also be traders who will crash their accounts. Its all in the way you handle it.

The people don't have success with it are the kind of people who just put in the software on their computer and don't bother reading how it works. The don't spend anytime educating themselves on the software and the results show.

The truth is the people who really have success with Forex Autopilot are the ones who go out of their way to learn all the intricacies that are involved with it.

Its not that difficult when you consider that Marcus Leary has an entire staff dedicated to help anybody who purchased the software. Even then, the system isn't particularly tricky to deal with. Just be prepared to take a couple of weeks until you are comfortable with it. Just spend that time demoing it, and afterwards you can start trading it on a real live account.

I think once its up and running and you get it, I really don't see how anybody cant have success using it. This software has helped a lot of people retire much earlier than they had planned.

I strongly recommend that once you have full understanding of it and you feel comfortable with it, just leave it alone. Don't interfere with what it is supposed to do. After all, that is why you got the software in the first place. - 23196

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Are You Familiar with Online Stock Brokers?

By Chris Thompson

Online brokers are all over so it's hard to figure out which one is really the best. I've compiled a list of the different ones out there and give a brief description of my thoughts on each.

Etrade used to be my brokerage of choice but the mortgage mess really spooked me. Add to the fact that there are cheaper alternatives out there and I'm in the process of switching to different broker accounts.

I don't really like TD Ameritrade because it's user interface is really bad. However, the commercials obviously is working because many people use them to trade stocks. The one price trading fee makes things less confusing though which is welcomed when everyone else has a ton of different pricing structure.

Charles Schwab is a full fledge solution like Etrade (they offer a bank, client services as well as credit cards along with their trading platform). Ever since Etrade went into trouble with its mortgage business, Charles Schwab have been on fire, taking market share and everything else.

TradeKing is a smaller player in the space but it's solid. In fact, it's won many awards from the likes of Barons and Smart Money for its interface, customer support and fast execution.

Zecco used to offer free trades (actually it still does with restrictions) and their marketing just sucks. They actually changed the commission structure like 3-4 times in the past few years and many people are just pissed at how everything is handled.

I was looking forward to SogoTrade until I can't seem to find a way to trade options. Huh? The stock trade is cheap at $3 per trade but your cash earn no interest (yes, 0%). Protection seems to be good though with up to $5 million protected but still, probably not my cup of tea.

Wells Fargo offers a trading platform in its WellsTrade as well. It's free for people with over $25,000 of combined assets with them so it's worth a look (if you have the money). My personal experience is that the platform is lacking but for retirement accounts and/or investors who don't trade often, free trades are a good alternative.

Bank of America came to the self trading platform a few years ago when it offered free stock trades for its clients who have more than $25,000 in assets with them (it could be savings, checking among others). A few years later, you don't hear much about them but I'm sure some of their customers are using them since it's free.

OptionsXpress has a weird name because it's not just a options house. It's not the cheapest and it's not the bigger. Everything is just middle of the pack but then if you are into options, they have the most comprehensive tools. - 23196

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OptionsXpress is obviously into options trading. Find out why it's the best options trading broker.

Why Prudent Investors Must Choose Gold?

By Peter Blake

When small companies create an investment portfolio, it is quite degrading to see that they dont invest in gold, and we have too many persuasive reasons for stressing on gold as an effective investment vehicle.

Small companies now consider gold bullion to be the wisest investment tool to bank on. Most of the countries such as India are now investing on precious metals like gold by making jewelries and ornaments. This is a healthy and wealthy practice.

Though gold bars and gold coins are the best choice for investment, but gold which can be purchased in any form is the best and the most secure investment option. Several reasons have been given to establish the power of gold as an investment vehicle for all and particularly for small companies and their business plans. Some of the intrinsic advantages of investing in gold for the small companies are:

- Gold is the Primary Currency: Indeed it is! Different nations have different paper currencies starting from dollars, pounds to euros. These currencies are all supported by the value of gold. Gold is the major determinant of the number of paper currencies to be printed by the nations, since the value of all these currencies, such as dollars and pounds are actually dependent on the value of gold which in turn poses to be the security. Therefore, gold is the main currency of the world and it also has indisputable value, which isnt the same with paper currencies. It has a real intrinsic value for its holders.

- Liquidity of Gold is the Highest: Gold is known to be the most liquid of all assets of the world. The small companies that invest in gold can conveniently convert their gold assets into the currency of their country anytime. Under any crisis or economic disaster, gold can be liquidated very easily. This property of gold makes it a valuable tool for every form of investment. You can also trade gold easily.

- Gold Does Have Hedge Against Inflation: Gold is known to be the ultimate asset having hedge against inflation. It is the best vehicle for company investments and personal investments alike.

- Gold Offers Great Diversification: Gold investments provide good diversification to portfolios of every investor. It also gives protection to the portfolio in the inflationary environments from losing the intrinsic value of the gold and its subsequent returns for investors.

Gold investment is undoubtedly the most prudent one for small companies. At least 5-10% should be invested in gold for better returns. - 23196

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SMB can find out how to trade gold and sell gold in time of crisis from Atlantgold.com

Forex Trade Basics

By Bart Icles

Foreign Exchange, Forex, or just plain FX are the names used to describe the trading of the currencies of the countries around the world. By far, the Forex Market is the largest trading market compared to stock or futures trading market and other investment portfolios. Majority of Forex trading is based on speculation done by individual and institutional speculators which is roughly about 85% of the market, with the remaining 15% of trading for goods and services. Forex trade transactions amount to more than USD 1 - 3 trillion on average in a daily basis.

The main purpose of the Forex market is to help facilitate the trade and investment of various investors of the world by providing the means to exchange one currency to another.

Forex market business is termed as an OTC (over the counter) market, and is facilitated by "interbank" marketing such as email, fax, or phone. For a trade to be consummated there has to be two parties directly involved by way of telephone or electronic networks. Forex Trading is not conducted by a central exchange, nor by one ruling central body but through the many trading centers spread across the world. These are in Sydney, Tokyo, London, Frankfurt, and New York. With a trading system so designed, the Forex market is able to operate non-stop in all days of the weeks except Sundays.

In essence, a currency trade is when there is the simultaneous buying and selling of one currency to another currency - usually for one that it is paired against. This currency combination is termed as a cross, e.g. the EURO/USD, or the GB/Japanese Yen. Currencies that are most commonly traded as known as the "majors" like the EURO/USD, USD/JPY, USD/CHF, and the GBP/USD. The USD is currently ranked as the top traded currency in the world, followed closely behind by the Euro, Japanese Yen, Pound Sterling, Swiss Franc, Australian dollar, Canadian dollar, Swedish Krona, and so on.

Some common yet important Forex trading terms to remember are the spreads and Pips. Spreads means the difference between the price of a currency that any trader can sell at (Bid) and the price a currency can be bought at (Ask). A Pip is the smallest increment by which a cross price changes. In Forex trading a trader may often encounter a 3 Pip spread when trading majors. This spread is seen when comparing the bid and ask price of a paired currency. An example would be: EUR/USD quote is with a bid price of 0. 9876 with an ask price of 0.9879 = USD 0.0003 or 3 pips. - 23196

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Forex pips start with a desire to learn and a drive to become a great trader. Even forex made easy takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.

Why Forex? Learn Why Forex Trading is a Good Investment

By James Taylor

When new to FOREX trading? Do not worry, the first steps in Forex trading is easy and you can always test your skills first in a demo account before you "live" with real money. In order to FOREX trading, we have to know what FOREX is. For the inexperienced, FOREX trading of buying and selling of various currencies in the world.

FOREX is a treatment, if you buy one currency and selling another at the same time. It 'always traded in pairs, EUR / USD, CHF / USD, USD / JPY ... is "short" in one currency for the purchase, each time with another, and the benefit is when you buy low and sell high.

Be on the FOREX market

FOREX market is the largest trading partner in the world. There is an average turnover of $ 1.9 trillion per day and the number is almost 30 times greater than the volume of shares trading in the United States. FOREX trading is unique because the transactions between the two partners are on an electronic network or telephone.

There is no central place, such as stocks or futures markets and exchanges around the clock. Each day begins trading currencies, if the financial centers in Sydney start their day, and travels around the globe in Tokyo, London and New York. Dealer in May, at any time on the market, regardless of local time.

Although forex trading with a large volume of trade today, it's not for the public until 1998. In the past, the FOREX market is not available to small speculators or individual traders on the minimum size of a large company and the strict financial requirements.

At that time, only banks and large multi-national cooperation and currency dealers were able to take advantage of the foreign exchange market, liquidity and the strong trend in the extraordinary nature of the world, most of the exchange rates.

Only until the late 90s, FOREX brokers should break big giant inter-bank units into smaller units and offer these units to individual traders like you and me. Today with the rapid growth of Internet and communications technology, FOREX trading has become one of the hottest make-money-at-home businesses for those who wish to avoid conventional 9-5 job.

In fact, forex trading, Forex trading is mainly in the large international banks. According to the Wall Street Journal Europe, 73% of the volume is the great ten. Deutsche Bank, at the top of the table, was 17% of all currency, followed by UBS in the second and third Citi Group, 12.5% and 7.5% of the market.

Other large financial cooperation in the list is HSBC, Barclays, Merrill Lynch, JP Morgan Chase, Coldman Sachs, ABN Amro and Morgan Stanley. For market participants segment, about half of the transactions carried out strictly between traders (eg, banking, foreign exchange dealers or large), others are mainly between the merchants and financial institutions.

Why FOREX is popular?

There are several reasons why FOREX is the most popular investment between the world of speculators.

Forex trading, you can for your own benefit. The FOREX market is an amazing transformation since the advent of the Internet. The technology now has the opportunity for small investors to play on the same footing as big companies and banks.

Who with a computer and a will to succeed can trade currencies in the privacy of your home or office. Forex online is the way investors should conduct their activities. With access to your portfolio 24-hours a day, it is quite easy to start. You can choose whether to recruit a professional for your company, or you can choose to do so themselves.

Also FOREX trading offers a relatively large leverage rates to individual traders. FOREX dealers, the company with up to 200 to 1 leverage rates. With this advantage, ROI is escalated dramatically and traders can always start with little capital with as little as $ 1,000.

Getting Started in Forex Trading

You do not need much to work with Forex trading. A computer with Internet access, a fund account with a FOREX broker change, and a system of exchange should be sufficient to start the ball rolling.

To reduce the risk of losing money, some basic knowledge of tables is also recommended before you start trading FOREX. Forex charts assist the investor by providing a visual representation of exchange rate fluctuations. Many variables affect the rate, as interest rates, bank policies, geopolitics, and also the time of the day May affect the exchange rate.

As pointed out by experts FOREX trader Peter Bain, charts is an important tool in forex trading. In his newsletter, he reveals that the daily charts, hourly charts, and 15-minute charts are used, while trading in Forex. As quoted from his informative newsletter - "Daily chart will help you understand the general trend from a commercial point of view, and the hourly rate (one hour) chart will give you a feel for the intraday trend. The 15-minute Chart is for the entry and exit - with assistance from the five-minute chart, if the price moves quickly, and you have closer to the action. "

As a method of technical, forex charts based on the principle that "history is repeating itself." FOREX traders who study charts predict the market with an assessment of the past, the future market development. The timing for cards in May for the different operators, some analyze the past one week, some prefer six months analysis, and there are also traders who analyze the market for a period of five to ten years in a FOREX trading.

A wide variety of FOREX are available on the market. Some mapping methods are very simple, with a little FOREX indicators to show the direction of trade, other images may be up to forty indicators and these are mainly traders in advance, more cleverly. MACD Divergence, RSI, RSI range, and prices are known to some indicators in the tables.

Choosing the right FX dealer is a way to avoid unnecessary risks. FOREX dealers are not all the same way regulated. Although foreign exchange dealers must be regulated by law, companies and individuals can solicit retail foreign exchange dealers and manage those accounts without regulated. As a dealer, you should take responsibility to find out whether your foreign exchange dealers are regulated. If not, you may be exposed to additional risks.

Furthermore attention of dealers with plants, which seems too good to be true. Price warns retailers that you have, and yet the investment. Where are the U.S., you can always CFTF (a http://www.cftc.gov) or NFA (a http://www.nfa.org) for more information.

Conclusions

They are without doubt in this article, because you are new to FOREX and were looking for some readings on the internet. To be honest, FOREX can be very profitable, but the risk is located below is equally great. Do not trade with the right strategy and investment plan.

Read books, courses, video seminars, read newspapers, or even practice first with a distributor of the demo for you. Trade smart and maximum FOREX - good luck! - 23196

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Want to become an expert Forex Trader then all you need to get started is a Forex Account and a Forex Robot like the Best Forex Sniper