Forex Digest

Hi everyone!

I am new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. I need an real working automated forex robots, automated forex system that really works. Can anyone suggest a good one?

Thank you!

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Best Wishes,

2009-09-02 20:15:20 by nakesha

ForexAutopilotSystem.org - Free Forex Trading Signal - The Pro Traders Use This One and You Can to For Bigger Long Term Profits There are lots of ...

A real course/system. Please don't just try and get me to click on your affiliate link, I just want to find a REAL system.Thanks alot

I was very skeptical about autopilot systems before but I realized that my profits have gone to a new level in the last few months since I tried them.

I have been trading for a few years but since I had a full time job I didn't have as much time to spend on forex. So these autopilot systems made up for my lack of time.

2008-05-20 08:00:34 by paulus

It is about 3 months that I'm studying hardly forex. I have a good underestanding cause my previous job was "pragramming C#" and I left it to enter to trading world. but unfortunately I have not come up with a trading system that really works and make profits.
I'm in stress cause I should start my real trading as soon as possible. I prefer my positions be open for several days or more cause I don't want new stresses. Please elaborate me your system that you have experience of working with it.
I am 37.
It is about 3 months that I'm studying hardly forex. I have a good underestanding cause my previous job was "pragramming C#" and I left it to enter to trading world. but unfortunately I have not come up with a trading system that really works and make profits.
I'm in stress cause I should start my real trading as soon as possible. I prefer my positions be open for several days or more cause I don't want new stresses. Please elaborate me your system that you have experience of working with it.
I am 37 and I want to open my real account with about 2,500 US $.

The odds of you being able to make a living trading forex contracts with $2,500 in capital are extremely remote. There is no magic program that can predict currency prices with any accuracy (and if there were, the developer wouldn't give it to you, he'd sell it for billions). Recognize that you are competing with institutions who have billions of dollars to back their bets (Citigroup is the biggest player in the forex markets), have access to the best data, employ the best analysts, and their traders have been at this for decades, not three months.

2006-09-12 00:05:22 by Mack

I am thinking of trading forex in a couple a months from now , i been practicing a lot and been saving money to open a live account, and i looking for some real help on the do's and dnt in forex, i dnt want to get get in trouble in no way, i was thinking of setting up a forex trading robot/system to help with trades, is that legal, and if so what is illegal to do in the forex market, and im also looking for a US based forex broker, any suggestions on who to go with, plz only professional forex traders only, it would be great help

I am not a forex pro, and I doubt anyone else answering this question is either. However, let me give you some advice:

Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap . com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.

2009-09-21 21:49:40 by Young

ive been trading forex for a about a year n a half and just recently got a live acount i win and loss just a much i got a great system idk i dont think it can get much better i dont even like to share it but anyways overall im not loosing but not winning either an i was thinking is it something that can really make me wealthy how come here about the the big sharks in the stock market ,commodities but not forex the only well known forex trader is soros but that all an i belive he was already rich before trading the big trade that made him so popular so is it somthing the average person can reallly become rich off of

Forex is a legit way of making money, but it is also a legit way of losing money, and more people will lose than win, just like in a casino. Maybe you have taken your time to practice, which is a good thing, but obviously you need more time before delving in.
If you swing for singles, you may do better than looking for the grand slam all the time. Remember luck plays a huge part in any investment.

2009-06-23 09:10:26 by smitu