Example of great FOREX trade
Would you like to learn how to trade FOREX without missing all the good trades? If you have been trading the Forex for long you probably know the frustration of missing out on good trades. You may spend hours or days waiting for a signal to enter a trade and then when it happens you weren't there at that moment watching the charts to make the trade. You then watch the market move in your direction without you, feeling sick about the money you just missed out on because you missed the trade.
The Forex can be very profitable but at the same time very frustrating. One of the advantages of the Forex markets is it's open 24 hours a day. Unfortunately this can actually be more of a disadvantage because some of us have to sleep and have lives to live and we can't watch the markets 24 hours a day. So how do you ensure you won't miss the good trades?
There are several ways. You can team up with other people so you can take shifts and always watch the markets. This is what a lot of the large trading firms do. The problem with that is most new and small time traders can't afford a staff and then there are concerns of trusting and depending on the other people.
You can also use charting software where you can set up alerts that will give you an alarm when a buy or sell signal is triggered. They can make a sound, send you an email or even call or text your cell phone. The problem is you might not be somewhere where you can get to your computer when it happens. And do you really want to be woken up at odd hours of the night to make your trades? I tried that for a while and I was left exhausted from broken sleep. And I didn't sleep well to begin with knowing at any moment an alarm might go off.
The other option is to use automated trading software also called robots or bots. With a robot you can set it up to actually make the trades for you when the market gives it a signal. Once you set it up it will make the trades for you 24 hours a day while you are away living your life. After using a robot that's all I use to trade now. I have no interest in going back to watching charts and staying up odd hours waiting for good trades. Many traders are starting to use robots and I think it's only a matter of time before old style manual trading becomes obsolete.
If you want to know how to Forex trade using a robot I suggest you try one on a demo account first as with any new system and prove to yourself that it will make a profit before you ever use real money. Also make sure it has a money back guarantee. Some come with time tested winning trading systems already set up, just make sure the advertised results are from real live trading and not just back tests.
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