Forex Trading

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Monday, May 24, 2010

Forex Trading System


Making Money Online With a Forex Trading System
By Rod Maccalum

There are still hundreds if not thousands of scams that directly relate to Forex Currency TradingEssentials of Foreign Exchange Trading (Essentials Series)The Insider's Guide to Forex TradingWizetrade FOREXTop Currencies to Watch in Forex Trading. Certain vendors force you to use pitch pages, they need a specific landing page and it makes things much easier for sales transactions.

This has proven to be the trend and it's gotten harder and harder for some EAs to market their software without these types of pitch pages. It is often the case with digital products and or/stuff you can order online. When it comes to these make-money-online and Forex sites they often have a lot of flash to them and obviously many things to draw customers in. Some things are signs, but in my opinion web design and hard selling are not direct signs of a scam. Though in the Forex Market something to hope for would be charts and proof.

The kind of human being who for example might get scammed by a Forex system. Besides that several years ago before I started trading Forex I also wrote a few surveys and never got paid once. I have marketed online to some success but mainly my success has been through Forex Trading. There are other ways you can make money online without Forex Trading, though sadly it is often bottom of the barrel work; boring data entry, filling out surveys for pennies, to name a couple of the more common ones. Whether it's Forex, Web Design, 

Advertising or whatever it is or a combination of things, most importantly it takes time and ability to adapt your passion. Most people don't.
Forex Trading on the other hand is more convenient in the sense that it is an extremely profitable investment opportunity given the right expert adviser, to advise your trade and supply your signals, generally to guide you. You need a broker. It's an online thing.
There are many options to trade Forex, one of the most common would be the use of automated Forex platforms and Forex robots, all automated Forex trading in general. Proper automated Forex software oftens runs on the metatrader 4 Forex trading platform, or at least the more popular ones do. Your EA software is like plug-in software for it. Strategy is a very important element of online Forex trading but not just having a strategy, it's about having enough strategies and being able to adapt properly with the market. The well known EAs are usually like 15 year traders and so forth who studied the market like a school subject and make extra money on the side by selling there signals too you, or software which grants them.

A lot of Forex EAs today simply don't have that sort strategy or ability to adapt with the market... I have a lot of experience with failed systems and systems that worked for just a little while. If you're looking for the cross between really learning Forex and just really having to learn complicated signals and software I'd suggest Forex Fap Turbo. Though it's a well reviewed Forex system and not a scam, I'd provide a link to a review but there is too many of the same, several are mere Forex advertisements so that's not a lot of help. I have also tried automoney and several other Forex robots and automated Forex platforms. I have also used Forex Assassin, the eToro Forex trading platform and Forex Harvester but nothing really significant has come up from any of those systems for me.

Some Forex marketers, EAs and employees in general and so forth are so vicious that they monitor new "Forex" related domain registrations and somehow get your email address and solicit you... So you have to be aware that in the Forex market as far as Forex expert advisers go, there is a lot of them competing to get your money. You are merely seeking the ones who are also looking to have a solid reputation and actually provide you with profitable trades, your EAs #1 objective should be successfully trading Forex and not selling their software. The software should be and often is a side venture for Forex experts who can actually profit from their knowledge of the market and have the means to market themselves... Can anybody create automated software and sell it? I have read up on quite a few of the most popular Forex review sites like Forex Peace Army and many other well known ones, and to me they all pretty much point towards the same complicated software and their voters are already experts investing 10s of thousands already and they barely feel some of their losses. The reviews on sites like that most likely got started through advertising. Too many people get to review their own systems on Forex sites like that, etc. Searching for automated Forex software reviews is almost impossible nowadays since they all say pretty much the same thing and are mostly positive...

I have read up on many "free Forex signal" reports on the web and I also participate actively on various Forex forums and other Forex related sites. I have not enjoyed the free Forex signals and find it more like looting through them then finding anything really that productive, not much is there or else all Forex signals would have to be free and would be for everybody, all the best Forex signals would be free. I don't want a rookie EA telling me what to do, since the trend in the Forex market nowadays is most definitely for more popular and well established EAs to sell systems, mostly automated software.
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