Forex Day Trading Restrict Risk Build Big Profits

Forex Short Term Trading Strategies - Forex Day Trading Restrict Risk Build Big Profits

Forex day trading is very popular and is probably the route most new forex traders try and the appeal is obvious - trading with low risk and building steady long term gains but how do you win...

The industry in short term trading us huge and there are numerous courses to train you and teach you the basics and they all have tremendous track records with low drawdown and huge long term gains. There is a problem though and it lies in this warning you will see:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading.

And

Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Of course, there is a huge difference between knowing what happened and not and anyone even a kid can become a millionaire on paper.

In real time it's all a lot harder

Within a day trying to predict, to predict what a vast number of traders will do, in a time period of minutes or hours is impossible as the price can go anywhere.

To make money you need data that is reliable - it's as simple as that.

You need to be able to work out the probability of a price going in a specific direction on your forex chart and its plainly obvious you don't have decent data to work with and you cannot get an edge or the odds in your favor.

The odds are not in your favor and this means you are destined to lose.

Alas forex day trading is a good theory (if it worked) but it doesn't add up in practice and if you are not convinced, try and find an audited track record of a day trader over a few years - you wont find one, you will find day traders with simulations - but that's not hard crisp dollars, you can spend them. Don't trade short term, trade longer term and get yourself the right forex education, get the odds on your side and enjoy currency trading success.

Best Forex Trading Software Exposed

Best Forex Trading Software Exposed

You have probably read a lot about Forex trading systems all over the internet. But the question still remains, what is the best Forex trading software? The answer to this question will vary from person to person. As an experienced currency trader, I have used several Forex trading systems. I found that each system has its own trading methods. Some systems take longer to trade and some are very responsive and make profits on the market fluctuations.

The perfect Forex trading software can be different for each person. To me, the ideal system is one that is able to trade on autopilot and is able to make profits on the volatile market. The system should also have a stop loss and make profits on each order placed. Finding such software requires a lot of trial and error using several Forex systems.

Now, being the type of person that has to diversify risk, I decided to test the 5 top trading systems in the market. I still use four of the systems on a day-to-day basis. The best Forex trading software, in my experience, has to be the Forex Tracer. Why? You might ask. The answer is simple: It meets all the criteria of my ideal system I described earlier. Not only that, the system comes with the easiest step-by-step instructions to get setup and has an excellent support team. There is also a demo account with the system so you can test it out and observe the trading decisions made by the software.

For years now we have been using our successful strategy to place trades day in and day out. We have mastered a system that scalps the market whenever there is any price movement, and its 100% programmed and ready to begin trading for you. It’s true…. The IvyBot is one of the most revolutionary automatic robots to hit the market.