Forex Striker Review: Changing Your Winnings: The Future in Trade

Forex Trading Robots, the first United States patented technology of

its kind, are easy-to-use, advanced automated EAs. These exchange

products are fashioned to revolutionize the ways to make money

trading. They are affordable and programmed to utilize different

techniques based on various situations and circumstances, providing

diversification for traders. If you are active with the business of

trading, Forex Trading Robots can be a positive alternative investment

strategy, perfectly designed to increase your profits.

Forex, affirming to be a convenient podium for traders, according to

the most recent survey, trades $3.21 trillion on the Forex Market

daily. In such a competitive arena, ineffective strategies and tools

will not produce fast results. Instead, establishing a method by

analyzing market trends and making use of Forex tools effectively, can

help increase your winning ratios. Forex Striker Robot systems are

software bots used extensively for this purpose by many merchants, and

due to their strong operation and accessible nature, advanced Forex

Striker Robot systems will perform above and beyond your expectations

with their modern features and constant improvisations.

Capable of managing the changing market conditions, especially in the

United States, Forex Striker is the program of choice for the market.

Knowing that the downfall of the markets won't be always one-way,

Forex Striker's algorithm is capable of immediately and properly

responding to any and all of the national governments, supra-national

organizations and central banks' movements while requiring no action

on your part! Intended for use by the general public, most of whom

have little to no investment experience, Forex Striker Robots are

fully automatic artificial intelligence products, trading completely

on their own under every possible market situation, and closing every

single year in substantial profit regardless of what happened that

year in the global financial arena.

Traders who invest the very small amount of $500-$1000 in trading

with Forex Striker, only risk 3% of the account per trade!

Additionally, nearly 70% of all trades taken by Forex Striker are

sufficient and profitable, working well in all three market sessions

(European, Asian, and North American). That means that Forex Striker

doesn't trade exotic pairs leading traders into liquidity issues. So,

as a Forex Striker user, you wouldn't have any high spreads from

brokers who charge for trading exotic trades, and the system can even

determine account balances in different national currencies!

Forex Striker's codes are simplistic also, to help control memory

overloads on all computer platforms, creating a conflict-free

integration between your software and computer. Even times when Forex

brokers have floating spreads that increase dramatically, preventing

trades from being closed and potentially pushing them back into the

negative, Forex Striker can help.

Being a horrible experience when you see your trades having reached

the right closure price, but yet being unable to close due to a sudden

increase in a floating spread, effortlessly, Forex Striker reacts to

the spread increases and prevents the openings of any trades until the

spread subdues back to normal. This is an internally built spread

filter, and like the many codes Forex Striker Robots run, this spread

filter is responsible for the continuous monitoring of spread values,

and will signal to you when a spread hike occurs. Forex Striker also

has an on-chart message system. This way it is simple and easy to know

when there is a problem, what is causing the problem, and how to fix

it promptly. Integrated into the robots, the on-chart messages will

help you work faster by explaining any error completely and

thoroughly.

Installation of this program of 100% hands-free too! There is no need

to worry about manually placing files, forgetting files, or placing

files into the incorrect folders, which would lead to and prevent the

software from functioning. As a result, Forex Striker has an automatic

user-friendly installer which instantly and automatically places all

of the software's files into the right folders. The installer is

compatible with absolutely all versions of the Windows operating

systems, and moreover, it's much faster than most modern installers

for other software, and will install Forex Striker on your computer

within seconds. So there is no need to worry about a long wait or

having to dig through mountains of files on your own.

Forex Striker also has an amazing compatibility with many important

trade issues. Designed for a platform offered by multiple brokers, and

completely compatible with this platform, Forex Striker Robots are

conflict-free and their users can easily switch between one broker and

another. Compatibility with both instant and market executions isn't a

problem either for Forex Striker. The 4-digit and 5-digit pricing is

simple for Striker Robots, being comparable with both forms of

pricing. The US CFTC (The United States Commodities and Futures

Trading Commission), recently introduced new restrictions and

regulations for Forex brokers including: a 1:50 maximal leverage

limit, hedging trade prohibition, and the FIFO rule (where trades need

to be closed in the same order they were opened). Forex Striker bots

are fully compatible with these restrictions, and carefully trade in

accordance with them. No need to worry whether you are following

regulations, because Forex Striker bots do it all for you.

In particular, Forex Striker temporarily stores the SL/TP (stop

loss/take profit) values with a broker's terminal and forwards them

onto the broker's execution venue only when it is the right time for a

trade to close per Forex Striker's strategy which allows for both

complying with the FIFO rule and the hedging restriction as well as

ensuring the strategy's proper use. Reversing the leverage limit, to

your advantage, protects you from a risk of a margin call, but also,

decreases the average drawdown on your account. After a careful

scrutiny of the maximal leverage limit imposed by the United States

Commodities and Futures Trading Commission, this innovation does not

hinder Forex Striker's performance for the American customers, and

makes it increasingly safer for you to trade.

Trading around-the-clock with Forex Striker, you will never find

yourself in a situation when open trades cannot be filled by the

brokerage due to insufficient liquidity at the times of their opening

and closure. Using a day-trading strategy, not an after-hours one,

this aspect ensures sufficient liquidity at all times, no matter what

the current situation on the market is and how many people are using

Forex Striker. Also, stringent anti-crash measures have been

implemented with Forex Striker. If your computer, VPS, broker, or

Internet connection experiences an outage (be it even a permanent

irrecoverable failure), Forex Striker can be immediately restarted

from a different computer on the same account. It will recognize the

open trades it had opened from the old computer and will proceed with

the trading (in particular, with trailing and adjusting their SL/TP

values along the market's moves) like nothing happened, ensuring that

your trades are still being carried on and decreasing your amount of

worry the moment a computer happens to crash unexpectedly.

Accounting for simultaneous open trades on the other currency pair,

Forex Striker also won't produce a cumulative margin call on your

trading account where both currency pairs are simultaneously traded.

For this reason, Striker bots account for simultaneously opened trades

on the other currency pair and adjust the lot size values of the

trades to be opened on the other pair, so that no cumulative margin

call will occur.  Moreover, as different brokers have their servers in

different time zones, Forex Striker automatically adjusts to any given

broker's current time.

Another feature of Forex Striker is its anti-spike protection. Spikes

- rapid price jumps within one market tick that do not reflect the

actual price movements on the external market - are a major issue.

Under the law and by any ethical standards, brokers are required to

and usually do compensate a trader for any losses as a result of a

spike. However, a trader usually needs to prove their loss has been a

result of a spike which is not a problem for those who trade manually

(a simple screenshot will suffice) but a huge problem for those who

use automatic trading algorithms 24/5. Therefore, Forex Striker has a

function which regularly checks for you the current stop-loss (SL) and

take-profit (TP) values of all open trades and prevents the open

trades from closing when the price rapidly jumps within one market

tick and creates a huge deviation from the recorded current SL and TP

values.

Piracy is a very large issue when dealing with software also -

however, Forex Striker's anti-piracy protection system prevents its

code from being publicly distributed to and by unauthorized third

parties. A small portion of Forex Striker's code (namely, the user's

unique authentication code, AuthCode, which is assigned to them at

purchase and emailed to them with their purchase receipt) is placed on

a server and then matched with the value manually entered into the

AuthCode field in Forex Striker's settings. Once these values match,

the message "Authenticated" is displayed on the currency chart and

Forex Striker starts trading, which allows for you to have protection

while using the product.

Why not invest in using Forex Striker products? Two EAs specifically

will be available for launch: the Forex Striker (trades EURUSD and

GBPUSD) and Forex Striker Pro (trades EURUSD). Also available will be

one-on-one personalized customer support with live chats.  Four years

have been spent developing these EAs, and these robots have produced

outstanding trade results. Forex Striker has a +6564.77% for EURUSD

and +40345.77% for GBPUSD while Forex Striker Pro has incredible

+1009.99% for EURUSD. These two EAs act as a unit for each other -

when one takes a losing trade, chances are the other one will take a

profitable trade. Working off of a system of functional truths, anyone

can earn money with Forex Striker Robots. It's no secret that many

trading strategies are profitable with substantial amounts of initial

trading capital invested, ranging from several thousand to several

million dollars. Yet it's not something one can expect the majority of

the general public to afford, thus, for Forex Strikers, a minimal

investment of only $500-$1000 per instrument (currency pair) is

required.

All in all, Forex Striker is designed to be a long-term investment

tool, and with a detailed step-by-step user's manual with screenshots,

covering Forex Striker's installation, the troubleshooting, and the

backtests (historical data tests) process, and with details on Forex

Striker's automatic installer, how could you go wrong with Forex

Striker Robot systems? An interesting FAQ file is also included,

containing detailed answers to the most commonly asked questions based

on three-years experience with selling and supporting similar

products, and additionally, qualified and experienced outsourced

customer service staff for Forex Striker's users is available at an

extra cost. So, if there is an issue and support is needed, there is

always someone to call who can assist you!

With unique varieties of trading signals that are helpful in

stabilizing trading in the Forex arena, opening and closing trades for

you automatically, assisting you with more than only showing good

places to trade, and having simple operating systems, Forex Trading

Robots can work for you without the need of constant monitoring,

lowering your burdens, and expressing low risks and high returns.

Traders looking for online opportunities to earn additional income,

but most of the time unable to find a reliable and convenient online

business due to the fact that online income opportunities need large

investments and charge commission on trade dealings turn to Forex

Striker, which is becoming more and more popular due to its market

liquidity. Even a novice trader can trade successfully in the Forex

arena with the help of Forex trading tools such as the United States

Forex Striker!

Stimulating many people to pursue Forex as a full-time profession,

Forex Striker is an absolute must-have for the Forex trader. Being

aware of the performance and functionality of these tools, you can

withstand the changing market conditions effectively. Forex Striker

Robots are incorporated with many efficient features that are capable

of managing the market risks and increasing the returns, and because

of this, they are an extremely valuable asset to any Forex trader's

business method, and they can be an outstanding asset for you as well.

Become a Forex Striker user today, and begin earning more with your

trades!

Working With Your Directional Bias

Keeping an open mind and staying available for valid trading opportunities.

It is common to hear traders say they are “bearish” or “bullish” on a certain currency pair. This is often warranted due to the current fundamentals but it is important to keep an open mind with regards to what can happen next. Great buying opportunities can often present themselves when everybody is screaming sell and vice versa.

You may be interested in this free course that covers trading psychology. 

- Always do your own analysis.

It is important that traders do not “curve fit” the current market conditions to fit in with their analysis. When glancing over the charts it is common for people to see what they want rather than what is actually happening in the here and now.

It is always worthwhile spending some time before the trading week begins examining the price action to tune-in with current market conditions.  The last thing we should be doing as traders is taking someone else’s opinion as a fact and allowing it to give us a bias without, ultimately, running through our own top down analysis process.

Going into a trading session with your own plan based on detailed technical/fundamental analysis or market sentiment is a different proposition though – as long as you have a flexible approach and recognise when you have got it wrong.

- How do I keep a flexible mindset when trading?

A solid understanding of price action analysis can be of great help with regards to this particular challenge. It is important to be able to quantify exactly why you think the market is going to do something at a given time rather than putting it down to a “hunch” or “a feeling”.  Feelings are not the most reliable indicators of future price direction when we are dealing with fear and greed during trading. If we can identify why we have formed an opinion we can subsequently identify when this opinion is no longer valid.

If you have a feeling that something is going to drive price in a certain direction there is usually a solid underlying reason for this. If there is any doubt in your mind as to why you have this bias conduct your top down analysis again.  Let’s look at how this can be broken down.

Ask yourself probing questions at the start of each trading session and document your findings.

Here’s an example:

Q. Do I have a bias going into this trading session?

A. Yes the market looks bullish and set to break out of the weekly range.

Q. Document the conditions[s] that have given you this bias.

A. Break of a trend line and subsequent rejection candle (price action).

Q.What timeframe is this bias applicable to?

A.Daily time frame.

Q. What would it take to invalidate this belief?

A. A close below the rejection candle.

This is a very simple example for the purpose of illustrating the point.  A more complex scenario could have multiple dependencies which, when aggregated, make the trader bullish or bearish.

The process of identifying and then crossing out any negated elements gives a common sense method for justifying a bias and understanding when it is no longer valid.

Constantly question your bias.

As the session progresses it can be worthwhile repeating the exercise as new information comes to light.  Ask yourself is the market trending up, down or in a consolidation period and why you have a bias leaning towards any of the aforementioned market phases. 

Make sure you have identified the correct time frame for your bias as it is no use being bullish on the weekly timeframe and becoming frustrated when a 1 hour timeframe trade doesn’t move in your desired direction.

Exercises like these are particularly valid for impulsive traders and help reinforce discipline.

If you are not already doing this you may benefit from giving it a try yourself.

Good trading to you!

Trading Discipline – 5 Things To Focus On Now

Trading discipline – the basic elements

This post is to remind us of the trading discipline basics and can be used as a quick checklist.  Forget about your preference for MACD versus RSI for 5 minutes and ask yourself if you are taking care of these vital areas.

1. Respect your stop loss.  Have you moved a stop loss recently after entering a trade?  Stop losses should always take us out of the market when the trade signal has been invalidated. The fact is, each and every trade will go wherever the market wishes to go, irrespective of our expectations and desires. It is not unusual for ideal trade setups to be unsuccessful with no particular explanation. Traders should only ever be trading an edge and not be overly concerned with an individual trade.
2. Get a trading plan together and make sure you adhere to it. What is your trade plan?  How do you deal with event risk, money management etc?  You might be in serious danger of blowing your forex trading account should you not fully understand this prior to taking the trade. Describe your trading strategy in advance and don’t veer from it.  See this post on writing a trading plan.
3. Do not over leverage on a trade. Trading with too much risk can impair our judgment. Its much easier to kill a bad trade when its only a small position.  We run the risk of becoming married to a trade idea when too much money is at stake.
4. Make sure your trading suits your lifestyle – not the lifestyle you were living a month ago.   Are you dabbling in the market when you don’t really have the time?  Successful traders specialize in a limited amount of setups and master them.  If you can fully master a modest amount of trading setups versus entering a trade when something resembling a trigger presents itself you may see your trading performance improve. 
5. Focus on yourself; don’t just focus on your trading performance. Work on resolving bad habits and the benefits can spill over into your trading.  Make sure you get a good nights sleep. You might end up being surprised just how it will help the bottom line and benefit your trading account.

Trading psychology is predicated on first having a profitable methodology

A mountain of literature has been written about trading psychology, and that oft-heard ‘d-word’: discipline.

Contrariwise, I’ve always been impressed by Gil Blake’s succinct, no-nonsense summation of the art of trading (as quoted in his interview in Jack Schwager’s New Market Wizards):

“[i]There are five basic steps to becoming a successful trader. First, focus on trading vehicles, strategies, and time horizons that suit your personality. Second, identify nonrandom price behavior, while recognizing that markets are random most of the time. Third, absolutely convince yourself that what you have found is statistically valid. Fourth, set up trading rules. Fifth, follow the rules.”1

Given this elegant, step-by-step formula, the entire literature of trading psychology ultimately resolves itself in those three final words, namely following the rules. But this is unconditionally predicated by the previous steps: establishing definitive rules — for entries, exits and trade size — that are based around non-random price behavior; and absolute statistical confidence that these rules deliver a winning ‘edge’. Anything less is mere guesswork.

It’s my view that there’s no ready substitute for this. Without total confidence in our method, maintaining any kind of discipline over the long term is going to be near impossible; we have no logical platform for dealing with the occasional sequences of losses that will inevitably occur. And how can we otherwise know whether these losses are a most likely a temporary aberration, or whether shifting market conditions necessitate that our method is in need of review, and possible overhaul?

The order of the steps is also significant: until we have our methodology in place, discipline is effectively irrelevant, as we have no rules to remain disciplined to.

Assuming that we’re willing to take demo (or ‘paper’) trading seriously, it can be helpful in allowing us to test our method objectively, providing us with confidence that our edge continues to operate successfully in real time, and under current (even if simulated) market conditions. It’s my view that folk who denigrate the value of demo trading — on the grounds that it doesn’t test emotional mettle — underrate the importance of first building a sound trading methodology.

Over the years I’ve had the privilege of communicating with a few successful veteran traders. And despite differences in their approach (one was clearly a ‘discretionary’ trader, for example), all described trading as a mundane, rote exercise: following the same well-worn steps routinely to deliver the same average result. A recipe of pragmatism and simplicity.

According to trading psychologist and author Dr Brett Steenbarger, “trading affects psychology as much as psychology affects trading”2. The lack of a proven profitable method can cause aspiring traders to make emotionally-based trading decisions. Consequently, they attribute their failure to their obvious lapses in discipline, when, unbeknown to them, this is actually masking their lack of trading knowledge and experience. That highlights another good reason why it’s important to have an unambiguous trading methodology: it makes it easier to pinpoint whether any shortcoming lies with the implementation, or in the methodology itself.

It’s my view that many folk attempt to circumvent psychological problems by seeking measured, textbook answers, when emotions are ultimately existential in their nature, and hence the only real solution is (as Dr Susan Jeffers might say) to “feel the fear and do it anyway”3. The only way to overcome fear of water is not to study swimming, but to take the plunge oneself.

Many trading-related problems can be alleviated, or even defeated, by applying a little self-honesty and common sense: if, for example, exits are our Achilles heel, then we can simply use automation (TP, trailing stop, and/or an EA) to manage our trades, and walk away from the computer. (And moreover, the only possible justification for micromanaging a trade is statistical proof that newly acquired information has invalidated the original trade parameters). As another example, demo trading can also help to demonstrate that a problem is rooted in a fear of being wrong, as distinct from a fear of losing money. Again, simple common sense.

As a final point, we can sabotage our trading by overleveraging ourselves not only mathematically, but also emotionally. If trading full lots makes us sweat bullets, then we must step down to mini-lots; it’s a case of knowing our personal pain threshold (which is generally lower than most folk think!), and staying well within it. We must know the worst-case risk before entering a trade; if we feel remotely uncomfortable, then we either downsize accordingly, or don’t take the trade. As the maxim says: “scared money never wins”.

We can make trading psychology as simple or as complex as we want to. But we must not fool ourselves: only after proving that we have a real methodological edge should we ever start to look at emotions as the primary cause of any trading failure. If we don’t know how to trade profitably, then no amount of discipline, positive thinking or psychotherapy is going to suddenly make us a winner.

Trading Quotes

Well thought out quotes can inspire and educate.  These short inspirational quotes are some of our favourites.   Quotations like these can provide inspiration through words of wisdom from others who may have experience in areas we don’t.  You may want to spend some time compiling a list of trading quotes for yourself, or simply bookmark this page to read again as required, if it strikes a chord with you.  Keep checking back for other similar posts in the future.

We hope you like the following well known trading quotes (with a few not so well known one’s thrown in for good measure).  

Trading Quote 1

 When you really believe that trading is simply a probability game, concepts like right and wrong or win or lose no longer have the same significance.
Michael Covel

Trading Quote 2

 Traders are paid for doing the right thing, not paid an hourly rate. 
Unknown

Trading Quote 3

 Amateurs traders want to be right. Pro traders want to make money. 
Unknown

Trading Quote 4

 If you want better results than the crowd, don’t trade like they do. 
Unknown

Trading Quote 5

 Time is your friend; impulse is your enemy. 
Jack Bogle

Trading Quote 6

 Trade with an edge, manage risk, be consistent, and keep it simple. 
Curtis Faith

Trading Quote 7

 Human emotion is both the source of opportunity in trading and the greatest challenge.
Master it and you will succeed.
Ignore it at your peril.
Curtis Faith

Trading Quote 8

 The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
Trader Vic

Trading Quote 9

 Don’t cry over spilt milk (trading losses), go find another cow (trade). 
Unknown

Trading Quote 10

 Successful traders need to know when to be in a trade;
They need to know when to not be in a trade;
Most of all traders need to know when to get out once they are already in a trade.
Unknown

Enhancing Trading Performance Through Meditation

Stress and mental pressures are an every day reality of trading the markets.  Our ability to deal with these emotions can have an impact on our bottom line.  How do you deal with losing trades?  How do you feel after closing out a winner only to see it run another 200 pips minutes later? Do you revenge trade after a losing trade in an attempt to win your money back? 

It is my opinion that there aren’t many traders out there who can honestly say they have not succumbed to the above. Realistically, these kind of scenarios can be very stressful, especially when the trader in question is experiencing a bad run of losers.  What separates the winners from the losers is how they deal with the inevitable adverse situations which often occur when trading the financial markets.

What Is Stress?

The natural stress we experience is designed to help us escape from physical threats. One of the easiest ways to envision how stress affects us is by imagining your ancestors being chased by wild animals.  The correct way for your body to respond to this life threatening situation is to give you a scare and alert you to the impending danger. This comes initially as your brains HPA system (Hypothalamic-Pituitary-Hdrenal) activates.
A release of Hormones follows including Cortisol which is designed to help you deal with this threat quickly. There is also a release of Neuropeptide S which modulates stress and makes us more alert (this also has the affect of decreasing sleep). All us this happens in order to help us get the heck out of a danger situation, as our blood is flooded with cortisol and adrenaline.  The problem comes when we allow ourselves to get into a stressed state of mind when the situation does not warrant this kind of reaction.

Can Trading Performance Be Enhanced Through Meditation?

If a trader allows themselves to get too stressed the negative affects include suppressed activity in the frontal brain area, this is associated with important things like shorter-term memory and rational thought. Needless to say that a rational mindset is a prerequisite of trading well in the long term.  The “fight or flight” reaction also interferes with our capability to deal with various intellectual tasks and behaviours as the stressed state manifests itself.  Energy is taken away from important functions, including the immune system, which can obviously have a detrimental affect on our wellbeing and trading performance.
There is a way to counteract this though.  Meditation and mindfulness helps with stress management and evokes a relaxation response as our heart slows down. This helps the body recover and the digestive system once again functions while the body repairs itself.
Aside from the aforementioned benefits, learning how to focus our mind is essential as traders; the ability to resist distraction through focusing our mind is associated with impulse behaviour (think impulsive trades versus well thought out trade ideas) and emotions (think revenge trading).
A study from 2010 looked at the WMC (Working Memory Capacity) of Marines who were taught mindfulness meditation prior to deployment in Iraq. The study concluded that the marines who were not taught how to meditate experienced a diminished WMC, the study established that the Marines who were practising meditation, for an average time of 10 minutes per day (over a 2-month duration), maintained a healthy WMC and experienced additional positive benefits (1). With this in mind it seems reasonable to assume that mindfulness and meditation can be of benefit for traders who encounter stressful situations on a daily basis.

Self Control And Trading

Self control is another area that many market participants are lacking in.  Ultimately traders are doomed to fail over the long term if they can’t exercise self control when trading the markets. Traders need to stay involved in the process of trading, stay in the moment and be mindful.  Let’s once again look at meditation and think about how it could be of benefit to traders.
The process of meditating has the practitioner concentrating on the breath.  As thoughts come in to our mind that may be more attractive than the breathing we are focusing on, we are training ourselves to re-engage with our mindful thoughts and return to thoughts of the breath.  A parallel can be drawn with having a trading plan, and resisting the temptation to veer from this plan if situations arise which appear to be attractive at the time (in the heat of the moment).
Yale researchers established that a 1-month mindfulness training routine brought better results than the ALA (American Lung Association’s) recommended treatment path for quitting smoking. This study was conducted over an average period of 4-weeks and participants managed to cut down their smoking intake significantly with many quitting completely.
Researchers have found that people who practice this kind of meditation increase the flow of blood to part of our brain which is essential for self-control, this is called the anterior cingulate cortex.  This benefit is said to come after having just five 20-minute sessions.  Once again it seems reasonable to draw a parallel with breaking negative patterns like smoking and negative trading habits including over trading, impulsive trading etc.
Ultimately trading success is heavily dependent on your psychological state of mind after a winning strategy has been discovered.  With this in mind it is surely in our best interest to investigate any edge that sets us apart from other market participants, including mindfulness and meditation.

The Awesome Forex Factory Binary Option Twist For Trading Forex

Fellow forex traders and those contemplating trading forex in the future. You will be amazed at how easy, simple and non-stressful trading forex can be when one uses the binary option platform to place their trades.This new revolutionary form of trading is a piece of cake for traders already familiar with traditional currency trading and not much more difficult for the newbie that wants to break into the exciting world of trading in the Foreign Exchange markets.

Yes, you will need a good manual system designed especially for this type of binary option trading and it's always recommended to practice for a while using free demo accounts with a new system even if you have some prior experience.This type of trading forex is quite new because binary option trading has only been online for a few years and to tell the truth, it has only gained a substantial amount of popularity in the last year or so.

You might say, why is it so easy and non-stressful? Well for one, no more stop losses to worry about because there are none. Secondly, no need to watch your trade because it will expire automatically on the binary option platform according to the expiry time you chose when you placed the trade.You can even close down your computer after you have placed your trade and if it expires one 10th of a pip above or below your target, depending on which direction you traded, it expired "in the money" and you will win.

It is so simple trading forex on the binary option platform. You choose your expiry time. Most brokers have from 1 minute, 15 minutes, 30 minutes and 1 hour or more. Next you choose your direction which can be designated as "call" or "put" and depending on the particular broker, some call it "high" or "low" and some simply "up" or "down". Then the amount your trading and click the button to make your trade. That's it and depending on the forex pair you are trading, the payout can be as high as 85% of your trade amount. You never can lose more than your trade amount and some brokers even give you back 5% or 10% back if you lose the trade.

Now I know some of you are thinking, heck Ed, this is just gambling. Well it could be if you have no method or strategy or money management system to trade by. The same would apply to trading forex if you just place your trades blindly without a method or strategy. BTW, my advice is to never do that as you are certain to blow your account in a very short time.

To wrap it up, I suggest a good little manual system specifically designed for forex binary options. Also, you don't need to pay an arm and a leg for one, perform your due diligence and you will find some very reasonably priced manual systems and methods for trading forex on the binary option platform. A good system will instruct you how to set up your Meta Trader platform to generate your trades and everything else you need to know to get in on this great new way to trade, which I predict will be the wave of the future.

Jones John 

Forex Factory May Make Investing Forex Much Easier With Interactivity

Forex, also known as foreign trade buying and selling, is the most effective house primarily based enterprise a single can start off. It does get a small bit of instruction and observation of the markets but when it arrives to earning income from house with tiny investment foreign trade trading is the very first alternative of numerous a self designed millionaire. Forex Factory can be a very helpful tool to achieve achievements in foreign trade investing.

What is Forex Factory and how can it aid you get your household centered company up and operating with minimal investment and total danger management in your palms? Forex Factory is a tool that indicates quotes from all brokers on a single screen. It exhibits many currencies and how numerous pips the currency pair has misplaced or acquired in the time period. The default time time period is 1 hour.

For all those buying and selling foreign trade they have to have to know how the currency pair is moving and what the different brokers are charging for their trades. With Forex Factory one can have all this info offered on 1 display. The charts can be set to display Line, Candle, OHLC or Place charts. The time period of time can be set from one minute to month to month intervals, even the cursor can be adjusted.

The display screen on the facet displays 10 forex pairs and the corresponding columns can be set to exhibit the increments in pips, percentages, great and minimal of the pair and the typical spread that the pair commands around all brokers. The previous column reveals the sixty moment high and minimal of the currency pair and this can be set to demonstrate the info in proportion, PIP, or normal of all the brokers put collectively.

When one particular gets the hang of trading foreign exchange this can turn into a complete-time earnings for a number of hours of function a day. It just demands a very little investment in a lot of situations not through 2000 US bucks. The leverage that fx presents beats investing stocks and shares. Most brokers make it possible for a leverage of up to 500:1. This suggests that for each and every dollar deposited a trader can trade 500 dollars about.

It does get a bit of practice to be ready to tell the place the market is going. With the guide of a handful of instruments these as charting and pro advisers a trader can make a minimal of 200 USD a day with a deposit of 2000 US dollars with the broker. The chance of dropping money is good in Fx, consequently it is a good idea to open an apply account and use the procedure for a very few months prior to investing any true income.

With a practice account one can trade the authentic markets not having utilizing real cash and jogging the chance of dropping it. This will sharpen the knowledge of investing and educate a single the ropes of the markets as very well. When profits commence to roll in with the apply account only then is it highly recommended to make investments tricky earned income in the markets to rake in the profits day soon after day.

Forex Factory is just the type of tool a person desires to make a successful investing job. So, get all by yourself a practice account with a broker that has a beneficial popularity and commence buying and selling the real markets with virtual cash. You in no way know when this pass time will become your complete-time get the job done comprising just a handful of several hours a day.