As promised I am going to be reviewing the latest and hottest FOREX software so that you can begin making money straight away.
FAP (FOREX Autopilot) Turbo is the latest automated Forex robot, which is also known as an expert adviser. It is loaded into the Metatrader 4 platform, which is a foreign currency platform used by all the top brokers. The robot then studies market conditions and makes trades by buying and selling currency pairs such as EURGBP (Euro/Pound), USCAD (US dollar/Canadian dollar). The robot operates automatically and as long as your pc is on it will trade for you and multiply your money with little or no input on your part. You do not need a wealth of knowledge to begin making money with this software it is designed to be used by completely novice traders as the robot makes all the buyin and selling decisions.
There are many Forex robots on the market, however much scepticism has been placed in their direction, is FAP turbo any different?
I have tested many other Forex robots in demo mode and have seen small gains followed by huge losses. FAP Turbo on the other hand the demo results were excellent, I made £370 in one week! In the live mode I was more conservative with my risk however I was still able to make £135 in one week on a £500 balance multiply this by 52 weeks and I'll be £7200 richer this year!
The beauty of FAP turbo is that you can choose risk settings which meet your expectations, for example if I had an account of £1000 and set risk to 5% the robot woukld risk a maximum of £50 per trade thus preventing huge losses.
Furthermore FAP turbo is the only robot on the market, which shows LIVE REAL-TIME trading profits, which are updated every 15 minutes not just back tested profits. Look here for live trading results. http://www.fapturbo.com/?hop=jcurtis80
FAP Turbo truly is a revolutionary piece of software and is being offered at a ridiculously cheap £110, which includes lifetime support and monthly software updates, however this will be changed to a higher, monthly subscription shortly.
As my aim from this blog is to improve the profits of my readers I highly recommend this product although i was unsure prior to purchase all my doubts completely disappeared within minutes. An 8 week money back guarantee is also offered for piece of mind. For more information please feel free to take a look http://www.fapturbo.com/?hop=jcurtis80
Forex Trading (Foreign currency exchange) is one of the fastest growing trade markets in the world. It is also the biggest with an estimated 1.8 trillion dollars being exchanged every single day.
With these stats to it's name it should come as no surprise that one of the major reasons for this exponential growth is the fact that Forex trading offers incredible earning potential.
This is also why large multi-national corporations have been investing in foreign exchange for years and more and more individuals are utilizing currency trading to supplement their incomes and some are even living purely off the profits they generateSo how does Forex trading (FX Trading) offer such an incredible earning potential? Well firstly the currency exchange market operates through brokers who offer some significant leverage ratios to their traders.
For example, if you decide to purchase 5,000 US Dollars against Japanese Yen at 125.00. Next day you sell 5,000 US dollars and buy Yen at 126.00 making a profit of approximately $79. To fund this position you need a deposit of $50 not $5,000 since the rest of the amount is leveraged to you by your Forex Trading broker.
If you were to try and trade without any form of leverage you would make very minimal profits and it would not be worth your time trading.
This is the beauty of Forex trading, any individual trader, no matter what their starting capital, can experience the thrill ride of trading large amounts of currency and making big profits without depositing thousands of dollars.
Massive Earning Potential
Another factor that lends itself favorably to the earning potential of Forex trading is the fact that the market is open 24 hours a day. As one market is closing another is opening, Forex literally follows the sun around the earth - where the sun is shining the Forex is trading! This means you can be making profit 24 hours a day on Forex, particularly if you make use of an automatic trading system (see FAPturbo http://www.fapturbo.com/?hop=jcurtis80 the most highly recommended trading sytstem).
The speed at which things change in Forex is also a major factor behind why currency exchange can be so profitable. Barely a second goes by without currency changing in value.
Unlike stocks are shares where you can be sitting on a trade for month, even years, waiting for the price to move favorably, currencies can make you a substantial profit within minutes or even seconds of you commencing a trade.
There are also no expensive commission fees to pay anyone in Forex. Brokers make their money from the difference between the buy and sell price of a currency. This means you never need to concern yourself with the thought that you will lose some of your profits to your broker - whatever you earn you can keep!
Stop-Loss Functions for Safer Currency Trading
The stop-loss functions of Forex trading platforms will also help you to make huge profits trading currencies. These work by you pre-setting an entry and exit point you are happy to complete a trade at.
For example, you know the figure you want to make from a trade and you also know the most you are willing to lose if things go wrong, so you set this up when you start your trade.
If the value of your trade reaches either of these upper and lower limits you trade will automatically execute. This puts a limit on your losses and ensures that you never lose more than you intend but you always profit as much as you envisage if things go in your favor.
All of these factors and more contribute to making online Forex trading one of the most profitable online trading opportunities. Those that get their strategy right are well known to be making millions every year from trading Forex.
If you are willing to put in the time to properly educate yourself and do not try to run before you can walk then you have a fantastic chance at making large sums of money you never dreamed possible simply by trading currencies online.
Article taken from: Instanforexincome.com
If you want to have consistent success with Forex Trading you need a Forex Trading system. New traders as well as experienced traders will investigate new FX trading systems and use the most efficient ones to trade with, which leads to increased profit margins.
Without a Forex Trading System:
- You cannot analyse your results and determine where you made mistakes
- You may be late on entries as you are unsure how to progress (battle between intuition and second opinion)
- You will be hesitant about when to exit trade or to keep a protective stop.
- It will be difficult to trade consistently and you must be extremely well disciplined
- You cannot determine fully your money management and acceptable risks
- You will be apprehensive about losing money and confidence will need to be re-built after each loss.
1- Forex Trading or FX Trading is an business that doesn’t require referring, recruiting or advertising. You only deal with the currencies through the Internet. So you will not have to reply any email, make any phone call and spend any money on advertising.
2- If you spend time to learn Forex properly, you can make serious money. If done correctly Forex Trading can be your full time job that earns you thousands of dollars every month. However it is important to realise that if you start working on Forex before you learn it properly, it can be extremely risky and you will end up losing money and quit.
3- You can earn a lot of money by investing a small amount of money. Unlike other investments like stock market where you have to invest a lot of money to make a reasonable profit, you can make a good income through investing small amount of money. For example, with a $2500 account, you can make about $2500 per month. Again it is highly dependent on the way you trade and the strategies that you use, however good and experienced traders can easily double their money every month.
4- Forex - and of course stock market - are the only businesses in which competition has positive effect. Why? Supply and demand are the factors that determine the price of commodities in any market. When there are too many buyer and sellers, the price volatility will be much higher and the market will be more dynamic. The price will go up and down more frequently and this is what we need to make money. When the price goes up we buy and when it goes down we sell and make profit.
Bottom line:
If you are looking for a professional work at home business to make money full time or part time, Forex is the best option. It can make reasonable money for you and you will not have to be concerned about marketing, advertising etc.
FOREX trading involves trading foreign currency, stocks, and similar type of products. The currency of one country is weighed against the currency of another country to determine value. The value of that foreign currency is taken into consideration when trading stocks on the FOREX markets.
There are people who have been making money through Forex from many years ago. Fortunately, with the help of computer and internet, Forex trading has become much easier. You can sit at your personal computer and trade from home without having to make any phone call or referring to any bank.
How is it possible?
There are broker companies that enable you to buy and sell different currencies through the Internet and some simple softwares. For any trade that you make, you pay a small commission to the broker company that you are trading through it.
You need to find a good, reliable and well-known broker company and sign up for an account with it. Then you have to fund your account. You use the money you have in your account to trade. Any profit that you make, will be added to your account and vise versa. Then you can withdraw the money you have made.
What currencies can you trade?
In Forex, you deal with currency pairs. There are four main currency pairs: British Pound and USD (GBP/USD), Euro and USD (EUR/USD), USD and Japanese Yen (USD/JPY), USD and Swiss Frank (USD/CHF).
In each currency pair, the first currency works as the commodity and the second one works as the money. For example when you choose the GBP/USD to trade, if you buy, you buy British Pound against USD and if you sell, you sell British Pound against USD. It doesn’t matter what currency you have in your account. The trading software makes the exchanges automatically.
How can you make money?
Buying cheap and selling expensive or selling expensive and buying cheap is the base of making money in Forex. For example If you buy GBP against USD when each GBP is equal to 1.5554USD and then sell it when it is 1.6800 USD, you have made a profit.
However the key question is that how do you decide the best time to buy and how can you predict that if you buy, the price will go up and you will make a profit. This is the most important question and determines you0r success as a trader.
There are two methods used to determine the right time to buy and sell: Technical analysis and Fundamental analysis.
In technical analysis, you can predict the direction of the price by analysing the price chart with the help of some special tools known as Indicators.
Technical Analysis is a science and if you want to start Forex Trading, you will have to learn it comprehensively especially if you want to trade on a daily basis. It is not too difficult and if you are focussed upon learning you can master technical analysis in several months. However there are some excellent training courses available online and I suggest that you check some of them out to improve your chances of success. I will also be providing lots of content rich articles in my blog over the coming weeks to provide those new to Forex Trading with invaluable information to get started and improve their results.
Fundamental Analysis is the other method. This method is used to predict the future of currency values according to current economic and political influences. Fundamental analysis has a long term usage but experienced traders can predict sudden changes that may occur in the money markets after an important economic event has occurred in one of the big five (USA, UK, Japan, Germany, China). For example if the news says that the UK economy has grown by 2.5% compared to last month the Pound will become stronger and people will start buying it. Therefore the value of Pound will go up because of the sudden increase of demand. If you know the effect of the news on the currency price, you can take the correct position and make money. However if you back the wrong currency you will end up losing money.
Recently a new approach for Forex Trading has appeared. There are some automatic systems often referred to as Forex Robot or Forex Autopilot these programs find and report the buy and sell signals automatically increasing substantially your profits, however I will discuss these in more detail in the coming weeks. In the mean time I would recommend that you take a look at Fap Turbo
http://www.fapturbo.com/?hop=jcurtis80 which undoubtably one of the best Forex robots available, people are making serious money already with this.
