FX Trading Software – Do You Really Think You Can Beat Them?
Not long ago, fx trading software (a.k.a forex robots, automatic forex systems etc.) were developed and used by the “big dogs” in the forex market – huge financial institutes who trade with tens of millions of dollars each day. These giant market players invested quite a lot in developing Artificial Intelligence (A.I) trading systems that can scan the market and place trades in an un-human speed and accuracy. It is true that long-term currency positions are analyzed by humans, but for this kind of trading there is no need to be fast anyway because timing is not that relevant. However, timing and speed do matter when trading short-term or even intra-day charts. The shorter the time frame, the bigger the advantage a fx trading software has over manual trading. A good example for this un-fair advantage is the arbitrage. Arbitrage is “the practice of taking advantage of a price difference…
Forget Forex Robots altogether – Use Only The Best Software
If you are scouring the internet trying to find out which forex trading program will make you the most money – you may want to stop reading and take a Visiting The Think Steptick.com for all your FX trading needs. If you want to become a successful forex trader then you need not look any further. Think about it – If you are sitting there reading this – you could be a millionaire by the end of tomorrow. That’s the kind of ‘pot of gold’ I’m talking about. What’s that you say? You haven’t read any of the adverts yet. That’s Brilliant! Well, there is no such thing as a.. well, let me put it this way. There isn’t a book, or article, or forum that is dedicated to telling people which software is the BEST FOREX TRADING Robot. The best FOREX TRADING Robot is the one that earns you…
Forex For Beginners – The Most Common Trading Mistakes
If you are just getting started trading currencies in the foreign exchange, you may be making a number of trading mistakes that may cost you dearly. Beginner forex trading Mistakes are easy to avoid. You should only be trading with money you can afford to lose without it turning into dire financial straits. Here are a list of the top seven most common beginner trading mistakes. Mistake #1: It’s OK to Take Risks If you are just getting your feet wet in the foreign exchange, you can and should take risk. However, people who trade in the currency market traditionally take many calculated risks. This is how they have earned their livelihood. Just because going forward is entails taking some risks does not give you a license to go ahead and take ever possible risk. Keep in mind that trading in the currency market involves decision-making and risk. Just because…
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