Price Driven Forex Trading Reviews, Is This Software A Scam?

The Forex Assassin Review - Price Driven Forex Trading Reviews, Is This Software A Scam?

Have you heard of the Forex Assassin software which promises to help you make capital gains in the currency market? Currency trading is one of the most profitable methods to make money when done correctly, but will require you to have good knowledge about the markets. So can the Forex Assassin help you if you are a beginner trader?

1. How Can You Trade The Foreign Exchange Profitably?

The currency market is a global market open 24 hours a day, and there are plenty of opportunities. Unfortunately, if you want to spot all these opportunities, you will have to sit in front of your computer screen monitoring charts all day.

2. How Does The Forex Assassin Work?

Trading the currency market carelessly has caused many people to lose a fortune, so you need to make sure you know how this market works and what influences price movements. With the Forex Assassin software, it uses a formula that takes price as an input to tell you your buy and sell prices. This formula takes into account the factors that influence the each currency pair and gives you the best chances of success. It is completely mechanical because it is price driven and requires no decision making on the user's part.

3. What Is The Price Driven Method All About?

It is a very innovative and original approach of trading that is very different from traditional methods. Forex Assassin software only uses time element and the price of each currency pair to determine whether you have a profitable trade on your hands and the target profit and stop loss you should set.

4. Is The Forex Assassin Suitable For You?

Many people want to make money from currency trading but are often held back because they think they will need to quit their day jobs to do it successfully. All that is about to change as automated robots like this one is programmed and introduced. With a few minutes every day, you enter the prices into the software, and it will tell you what you need to trade on. Then you will place your trades and you are done for the day!

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Forex Trading Education - Understanding the Lingo

Forex Trading Education - Understanding the Lingo

Welcome to part 2 of "Understanding the Lingo"; this is the final part I promise. I've got about 4 more terms to explain and then you're ready to speak basic Forex language. The ladies love it... well, not so much but play along. Let's get into it.

The bid price is the market buying price; the rate at which the market is prepared to buy a specific currency pair in the Forex market. What this means is the trader can sell the base currency. Like in the quote GBP/USD 1.9622/15 the bid price would be 1.9622; this means you can sell 1 GBP for 1.9622 USD. Not too complex, really.

The ask price is basically the opposite of the bid price; it's the rate at which the market is prepared to sell a specific currency in the Forex market. This means, you guessed it, the price at which you can buy the base currency! Sometimes this is also called the offer price. Since examples are always nice let's say the quote is EUR/USD 1.5448/15, this means you can buy 1 EUR for 1.5448 USD.

Next up we have the spread; sounds tasty. Basically it's the difference between the bid and ask price. Typically when verbally referring to this they ditch some digits; like the USD/JPY rate may be 108.05/108.09 they would ditch the first three digits and quote it as "05/09". See man this stuff really isn't hard to understand.

Cross currency is literally any pair that doesn't involve the USD. These pairs typically have chaotic price behavior because the trader has basically initiated two USD trades. Huh? Hold on to your hat man, this is going to blow your mind. Say you initiated a buy of EUR/GBP. It's equal to buying a EUR/USD pair and selling a GBP/USD.

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3 Mistakes New Traders Make

Forex Trading Errors - 3 Mistakes New Traders Make

The lure of Forex trading is the massive profits that can be achieved with a relatively small investment. That is not to say there is no risk. Forex trading involves plenty of risk for the new investor. New forex traders owe it to themselves to educate themselves in order to reduce their errors and risks in order to maximize their gains. A little effort to learn Forex trading can go a long way in helping you to achieve the financial freedom that Forex trading promises.

The three main mistakes I see new Forex traders make are:

Taking advice freely:

Any advice you get should be taken with a grain of salt. Even some of the more experienced traders can make a mistake and lose money. Just because someone has a bit more experience than you does not mean you should blindly take their advice. It is your responsibility to educate yourself on Forex trading. Learn why a currency will fluctuate in value, learn how the Forex system works. Being able to analyze information properly will help you to better evaluate any advice you are given.

Making decisions based on the news:

Should you consider the information received through the news as it relates to your Forex trading? Yes, but this should never be a substitute for your own analysis and evaluation. Just like advice, do not act on information from the news until you have analyzed the information and understand how it relates to Forex trading.

Buy Low, Sell High:

This is where almost all beginners make a mistake. Many newcomers will buy a currency when it reaches a low point and then hold it until it surges to its highest rate. Forex trading is about buying low and selling high, but not the highest it has ever been. You want to set a realistic sell point and stick to it. In Forex trading, you want to achieve a relatively quick exchange of currency. You don't have to wait until the currency maxes out at its highest point.

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Forex Assassin Provides A Proven Formula To Make Money

Forex Assassin Provides A Proven Formula To Make Money

Forex Assassin provides a proven formula to make money in forex trading without you having any prior experience with Forex. It involves No decision making, no learning curve and no mastering of your gut instinct involved. A Super Profitable, Step-by-Step System - designed for the guys who couldn't profit using the "old school" methods.Currency trading is a very special kind of market and because of the many things it has to make money we must know a lot about it. Here we are going to talk about Forex and we are going to give you very good tips for you to take advantage of this opportunity. Currency exchange is the biggest market in the world, with an average daily trading of US$2 billion per day. That's bigger than the NYSE market - and investors are catching on. Currency trading is one of the most profitable methods to make money when done correctly, but will require you to have good knowledge about the markets.

It can help you if you are a beginner trader? Trade in the famous currency pair at the same time every day will give trader a surprise on similarity of trend. By trading during indicated time frame, traders may be able to observe either minimize or maximize the level of risk for currency pairs. Traders note thin conditions likely to continue Overnight Preview? Look for consolidation and continued two-way trade? Trades for foreign currency are available from Sunday afternoon up until Friday afternoon (00.00 GMT on Monday to 10:00 pm GMT on Friday). In just about ever time zone throughout the world, you will find dealers that you can obtain a quote on every major currency.

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What Forex Trading Is

What Forex Trading Is

Forex trading at first glance seems like a foreign term. All you may be able to discern is that it involves some kind of business with the word trading in it. But once you understand what the forex is, you will realize just how simple and yet at the same time complicated this industry is.

Forex is a combination of the words foreign and exchange, the first syllable of which were taken and shortened. The foreign exchange market is part of a country's overall economy, which allows for the exchange of currencies from one country to another. Forex trading is done by investment houses and banks but individuals also do them on the side, especially brokers who already know the ins and outs of the financial market.

Forex trading is often done by accredited brokers; although sometimes, people from the black market also do buying and selling of the currencies. In forex trading, a currency is exchanged for another currency depending on the current conversion rate. For instance, if you have an American dollar and you need Euros for a business trip, you are going to have your dollars converted to the Euro. This transaction is forex trading.

People make money from forex trading when they buy currencies for low prices and then sell them for a much higher price. The trick here is to know when a currency will depreciate or fall in value so that you can buy and then know when it will appreciate or gain in value so that you can sell. This buying and selling is very much similar to the trading of stocks except that here, you are dealing with cash.

This gives forex trading an advantage over stock trading in the sense that your money has higher liquidity. This means that it will be easier for you to use it when you need it because it is in a money format unlike with stocks, which are in certificates. It is also much harder to sell stocks of companies than currencies because currencies are needed unlike company stocks, which are only needed when you want an investment.

Forex trading is also a global business with 1 trillion dollars being traded daily all over the world. However, transactions are only deemed legal when it is accredited by the Commodities Future Trade Commission. All other transactions are considered underground. Not exactly illegal but also not legal. These underground transactions are often done by individuals who want to play in the market.

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Foreign Currency Trading Online

Foreign Currency Trading Online

I'm going to talk to you about foreign currency trading online and what you need to do to be successful at it. This market is one of the best in the world to trade in. It's the most liquid, so that is a definite plus when you need money. It is recession free, so it doesn't matter if the economy is going good or not because you can profit from it. There are also some negative sides. You can lose money very fast if you're not protecting it. The market is unforgiving to those new people that enter this market without the proper knowledge to protect themselves. Before you ever decide to trade anything significant in value, make sure that you're ready or you'll end up losing.

I think the first point I want to make about foreign currency trading online is your need to protect yourself and your money. Like I said before, it is very easy to lose money if you don't look after your money properly. One of the easiest skills to apply, is also the hardest for people to apply in the moment. Cut your losses. We've all heard it before, but how many of us actually apply it when it is necessary. Drop bad trades and move onto better things.

Routine is another key to being successful. It's the things you do every single day that end up making you money, so you need a strong routine. Always be adapting. Identify those things that make you money and do them everyday. Eliminate the things not working and try something else.

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Forex Trading Advice - How to Get Rich in Forex Trading

Forex Trading Advice - How to Get Rich in Forex Trading

Can you get rich in forex trading? Yes you can, anyone has the potential to learn to be a trader - it's a learned skill but 95% of traders lose, so what do they do wrong and what do the elite 5% who win do right? The forex trading advice enclosed will give you the answer and the answer may well surprise you.

Let me start with a well known story which shows anyone has the potential to be a winner at forex trading:

In the 1980's trading legend Richard Dennis set out to prove that anyone could be a winning trader and trading was a learned skill. So he got a group of people who had never traded before and taught them in 14 days. He then set them off to trade and the rest is history. They made Dennis over $100 million dollars in 4 years and went onto become trading legends.

So if it's that easy how come everyone doesn't win? Well first you need the right education - but you need something more which Dennis understood and you need to as well.

The trading method taught was simple ( essentially a long term breakout strategy with strict money management) but Dennis knew it would be hard to follow it so he taught them everything about it, to have confidence in it and execute it with rigid discipline through long periods of losses to achieve long term success.

The missing link for most traders is discipline - they hear the word but have no idea of what it really entails.

Executing a system with discipline is tough when you take losses for weeks on end ( don't believe all the rubbish you read on the net about little or no drawdown, it happens to ALL traders - even the great ones and can last weeks or months )
What you have to do is stick on your path and eventually, if your system is sound you will hit the big profits.

You will only ever acquire discipline if you know your system, how and why it works and why it will win.

Today most people buy junk forex robots off the net which lose, which goes with the forex trading is easy tag, put about by vendors who have never traded in their lives. As a trader that insults my industry, forex trading is easy to learn making money is harder, and you would expect it to be with the rewards on offer.

Of course, you can win and make even a life changing income, maybe not as much as the group Dennis taught but you have the opportunity and success is open to all, if they understand that their on their own and responsible for their destiny.

Dennis knew this and his students succeeded with a simple trading system, they believed in could have confidence in and could trade with discipline.

So the forex advice I would give you is:

Forex trading is a challenge, understand it's not easy, but you can do it ( anyone can ) if you have the right mindset, right forex education and the discipline to pursue your goal.

Sure it's a challenge but it's an exciting one and its one where you can enjoy currency trading success if you put your mind to it.

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