Forex Trading Success &
Automated Trading
[Forex Beginners
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Success is
possible, but first invest in your forex education
If you don't learn how to trade
forex with a proper strategy and
mental attitude, you'll become another
forex 'victim', joining some 90% of forex traders who lose money
by thinking it's just a game. FOREX IS NOT A GAME, and even less a
way to 'get rich
quick'. It's a serious business and there is risk of loss. With nearly two trillion dollars
worth of currencies being traded by banks, governments,
brokers and private traders each day,
what else could it be but a serious business?
Forex trading is certainly not for everyone, and attempting to trade forex without good training and experience, your chances of winning at a casino are probably higher. Done right, forex trading is far more potentially profitable than stocks, options or futures right now, as the markets are in turmoil. Forex, on the other hand is not affected the same way. Pairs trade up and down continuously and money is made by swings in either direction. The right knowledge and training will give you the ability to trade confidently in different market conditions.
Understanding the basics of forex
A good, basic
understanding of forex trading is essential and it's
worth paying for. Here's a small 'investment' every forex trader should make
right at the start - even before opening a trading account. The now famous
"Bird Watching in Lion Country" costs $70, but it will put you well on the way to success,
as it has done thousands of traders. That's much better than losing $100 or
more, literally in the blink of an eye by starting to trade live
when you're unprepared. Next, learn how to get your money refunded,
simply by opening a small brokerage account.
The cost of forex
training
Expensive is a relative term. It means different things to different people.
For some it's a hundred dollars while others will happily invest
$2,000 in a comprehensive course and trading strategy such as
Forex
Income Engine Version 2.0, knowing that they will have the
equivalent of a degree in forex trading at the end of it.
While it's very easy to open an account and
start trading forex, doing so without sufficient understanding or
professional forex market training is fatal and will almost certainly
lead to loss of money very quickly. Like countless others, we learned
from bitter personal experience, that "diving straight into the deep end of
the pool before learning to swim" is not very clever at all!
As they make most of their money from the 'spread' between buying and
selling prices, bankers and brokers benefit equally from winning and
losing traders. However, the more reputable 'market makers' and brokers
would far prefer clients to make money from trading, as the winners increase
their account balances to an advantageous size (and withdraw the rest into
their bank accounts), while the losers blow their accounts quickly then give
up, fingers burnt, often blaming the broker and generally giving forex
trading a bad name for the wrong reasons.
Forex trading is a profession, not a game, and there is simply no substitute for knowledge and understanding of the markets, as well as the often played-down emotional aspects of trading involving greed and the fear of losing money.
EXCLUSIVE OFFER: Get the best forex training available, then have the cost refunded to your trading account – up to $2,000
Retire-Asia now has a special arrangement with eToro, a leading forex broker and provider of trading services, and is one of the most recognized and trusted names in the industry with their own user-friendly and intuitive Forex trading platform. While they also offer some basic training, eToro recognises that their primary purpose is to supply trading facilities, and leave the formal training to those who have made it their speciality. One such company that we know well and trust in that respect, is Profits Run Inc., headed by father-and-son team Bill Poulos (a 30+ year veteran trader) and Greg Poulos (programming 'whiz' and course designer). Their home study courses Forex Profit Accelerator and Forex Income Engine are comprehensive yet easy to follow, even for beginners.
The ideal starting point for forex trading
beginners is the introductory forex course just released by Bill Poulos.
His Forex Nitty Gritty
course is less than $100 at the moment.
Through eToro
and Retire-Asia.com, you can get the best forex training, then
effectively get your money back when you begin trading live. You can
get a FULL REBATE of the retail price of selected, highly recommended
forex ebooks and training courses like the $67 best-selling "Bird
Watching in Lion Country: Retail Forex Trading Explained", as well as
the all 'bells-and-whistles' high-end training courses FPA and FIE
mentioned above, both of which sell for $1,947. They are worth every
cent, as after completing them you will be able to trade profitably, but
wouldn't getting the money back to use for trading be a bonus worth having?
Here's how it works. After you purchase a selected book or training course, you will
receive a promotion code by email. Use this when you open and
make an initial deposit in an
eToro trading account.
The same amount (excluding taxes, S&H) will be
added to your eToro account balance. This is like getting the best
forex training absolutely free.
For a limited time, eToro is making these offers exclusively to Retire-Asia readers and forex traders:
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Purchase a copy of "Bird Watching in Lion Country" by Dirk du Toit (read our review here). When you open a $250 (or more) account with eToro, the $67 you paid for it will be paid into your eToro account.
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Purchase a copy of Forex Profit Accelerator (Bill Poulos's flagship forex home study DVD and printed manual course selling for $1,947) and have the same amount paid into your eToro account, opened with a deposit of $7,700 or more. Your $7,700 becomes $9,647 after adding the amount you paid for either Forex Profit Accelerator or Forex Income Engine. Looking at it another way, you can have a $10K live trading account by paying only $8K. You can also qualify for a $973 rebate with an opening deposit of $4,000.
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The special eToro rebate code will be sent to you shortly after purchase of any of the above products through a link on one of our pages, and is used when opening a new eToro trading account. That's all there is to it.
If you are very new to Forex trading, first sign up for a demo trading account with eToro. This free account will allow you to make 'paper' trades without any risk at all, at real market prices.
After you have completed your training and are
ready to trade live, just make a deposit to eToro by credit card, PayPal,
wire transfer or other means, and armed with your forex knowledge you
will be ready to start making real money, the same way as the professionals
do. Otherwise, forex is just another form of gambling, and the odds are
definitely not in your favour!
The eToro Forex
trading platform is friendly and innovative. eToro also provides
useful and educational tools which will help you understand the forex market
better. Registration and deposit (minimum $50 by credit card,
PayPal, bank transfer etc) are very easy.
You can also trade in languages other than English, including Arabic, Spanish, French, Italian, Chinese, German and more. Friendly staff will assist you with your trading if you need it. Download your free eToro trial now.
Fully Automated forex trading systems
There is increasing demand among forex traders for an automated trading system or 'forex autotrader' that can be set and left to run on autopilot. One reason is the lack of time people have to be able to trade as well as carry out other tasks at work or home. With today's new technology it is possible to develop programs that once set up with the correct parameters will enter and exit trades without user intervention. This avoids spending long hours in front of a computer screen for the 'right moment'.
Automatic systems are easy to learn and implement, give precise and potentially profitable buy, sell, stop loss and exit signals, and require a minimal amount of time at the computer to be set up for potentially profitable trades, without further manual intervention. However not all include updates, training, support and backup and it is important to have a good grounding in forex trading, rather than rely on using a robot to do something you don't fully understand.
The internet is full of both opportunities for making and losing money, as well as opportunists! People buy, people sell, and some people steal - it's what makes the world (and world wide web!) go round. But if you are selective in what you choose, you can certainly avoid becoming a forex loser! Hopefully the information we have provided will help you achieve that goal. If you want to download tools now or be advised of new articles and files in the future, visit our Membership page.
There are many forex products and trading systems on the market today. Those that are worth considering will offer a free trial or money-back guarantee – or both. So the risk of losing your money on worthless training is low. We found out the hard way first, however!
