Posts Tagged ‘Books’

Make Your Work Easier With Forex Trading Tips

November 10th, 2022

The Forex market can allow savvy investors to make a substantial amount of earnings. Some investors have literally made millions of dollars in the market in a matter of days. Naturally,Guest Posting any kind of investment comes with a certain amount of risk and the Forex market is no exception. While there are opportunities for massive earnings, the tradeoff is that there is also a chance of losing quite a lot of money as well that is why quality forex trading software is necessary.

A skill trader can make a killing in this market using forex trading software. You may have heard some of the Forex trading success stories about investors who have made millions upon millions of dollars in the market in a short period of time. Many of these stories are true; there is a lot of money to be made in the market, but there is more to the story than nearly instant wealth.

There was a time when the forex market was only open to those with large bank rolls. But time has changed and the Forex Market opened up to all individuals. Now you can, with forex trading software, have a good go at trying to make some good money in forex.

Since the doors have opened to the Forex market, a large number of investors have eagerly jumped in, each hoping to amass great wealth. If you’d like to get involved in the Forex market yourself, you can do so once you’ve spent a little time familiarizing yourself with the basic concepts behind currency exchange markets.

Forex Robot Truths

April 1st, 2022

Forex Robot Truths have been a long time coming. Automated Forex trading robots bare no resemblance to the graphic persona of animated androids that can trade currencies making profit day and night while the real traders sleep or play golf. These automated trading machines in fact are not even machines. They are merely a bunch of computer code written by geeks to reside in the Forex trading platform on your computer and also these days also in the virtual space of external hosting computers. The abilities of automated Forex robots are a far cry from the infallible all seeing all knowing cool calculating currency trading machine with a brain.

When the bankrupt State of California elects as Governor an actor whose main claim to fame was portraying an over-sized android exterminator combat machine people clearly believe in dreams and myths rather than the realities of life. The same you could say when the USA elected Ronald Reagan as President and when the Philippines elected Joseph Estrada. Even if Arnie were a real android hulk able to annihilate dastardly villains and machines it would still not qualify him for economics and finance degrees from Princeton. How on Earth could the major state of the union imbue poor old Arnie with an intellect like Keynes? Still people believe what they want to believe no matter how far fetched the plot. Maybe California should call in Dirty Harry? If there were a true alien invasion from outer space people would elect an actor who played a role of in any similar plot movie.

The truth about Forex trading robots is they are not wizards – rather they are simple folk; plain old computer programs not android looking machines. Still there is a place for automated trading robots in the world of Forex. There is no professional Forex trader whom I know of not employing at least one or a number of Forex trading robots to assist their manual trading. Computer programs designed to calculate formula and execute trading orders at blinding speeds are an essential tool for professional Forex traders today.

Before Forex trading became electronic and prior to the internet Forex trading was restricted to the banks and major corporations. If you wanted to buy or sell a currency you had to make a phone call. Unless you were Superman able to hop into a phone booth in a flash there was no such thing as an instant order execution. Today the Forex world is light years ahead of where it was less than 20 years ago. Still the automated Forex trading robots have not yet evolved to being infallible. Like their human counterparts trading robots can not win every trade.

Markets are fickle and unpredictable – to an extent. Computerized programs modeling economic variables, inputting data constantly can analyze market situations and come up with high probability trades. The trading robots can figure the odds of winning to a degree far more accurate than any human. Having a computer make trading decisions in Forex markets is much quicker than trading manually and without emotion. Emotion is often the cause of bad decisions by human traders and delay pressing the button. Quite often a trader might have a view about market direction but it runs away before they can summon the nerve to place an order. Forex trading robots have no difficulty clicking the trigger when a target is insight.