Comments on: Automatic Forex Trading – How To Make Consistent Trading Profits

By: MakingManyRich

MakingManyRich — Wed, 10 Jun 2009 15:48:34 +0000

Awesome amount of information! Thanks for compiling it all

By: Andrew Reinard

Andrew Reinard — Tue, 09 Jun 2009 19:45:19 +0000

Automated Forex trading is simply using a completely mechanical Forex trading system which Spots Buy and Sell signals and execute them directly in your broker account.
It's like a dream for someone who wants to make money on this market without any work at all….
The problem with this kind of systems is just one: they won't work forever, and when they stop working you're not in your screen ready to stop them.
So if you use a 100% automated trading system you're almost guaranteed to lose all the money in your account. You just don't know when.

The only way to make money in Forex is to work hard on it.

By: HK L

HK L — Tue, 09 Jun 2009 10:02:32 +0000

I did buy this a few days ago when they launched it on the recommendation of my friends who had a chance to test it out.

So far I have only done paper trades (no real trades yet) and the results are good. In fact, I would have made some money if I played real trades.

It is very easy and really simplified. It's more or less automated. Not much thinking needed.

For now, it works well according to my friends. I just hope it continues to do so.

By: takeoka i

takeoka i — Tue, 09 Jun 2009 04:09:46 +0000

Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

I have never heard of a automated Forex program for home use that actually works, although a lot of people on the internet try to hawk programs they claim work. However, I am sure the professionals that constitute most of the Forex market have better programs that you are able to buy. Once again, you are playing at a disadvantage.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty.

I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

By: mimi2419

mimi2419 — Mon, 08 Jun 2009 23:43:33 +0000

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By: forextradingeasy

forextradingeasy — Mon, 08 Jun 2009 10:45:37 +0000

hey
thanks for this. it was really helpful

By: AcedMoney777

AcedMoney777 — Mon, 08 Jun 2009 09:43:56 +0000

great video!

check out PrivateMoneyMasters (dot) com to learn how a geeky country boy is teaching people his exact steps to making thousands of monthly income online!

By: KingTimber

KingTimber — Mon, 08 Jun 2009 09:16:28 +0000

You are smart to ask for input before investing any money.

The best site that I have found for honest reviews of Forex tools is a site that has a weird name but good content. http://www.forexbastards.com

3000% profit in a year sounds a bit farfetched. Perhaps they forgot the decimal point a few digits ago!

Best of luck in your Forex experiences.

May all your guesses be good ones.

Paul

By: Analyze

Analyze — Sun, 07 Jun 2009 17:28:12 +0000

When you are dealing with so much potential of risk and money loss why do you want a free service that is unlikely to give you any support or updates?

I'm not saying it can't be found but the likelihood is there will be strings attached. Free software are always not updated and may have bugs etc and you would have no one to turn to.

The money you spend on proper software is usually quite reasonable compared to your turnover.

By: DeJaVu

DeJaVu — Sun, 07 Jun 2009 15:19:56 +0000

Looks like you have a lot of expectations from Forex Trading.

Anyway I have been trying to buy this hot selling software that came out this week, Automated Forex Cash and below are the specs from the sales page that may meet some of your requirements.

1. Automated Forex Cash is shockingly simple. It takes 15 minutes at most for the average trader to create an account, understand the process, and apply.
2. Mind-boggingly easy. It's easily and quickly understood by anybody from newbie to veteran.
3. Easy to install. Easy to use. It takes at most 5 minutes to get the software up and running.
4. It can't get angry or greedy… so it allows YOU to operate at 100% efficiency
5. You can start with as little as $250 USD on a real account or experiment on a demo account without risking any real money until you're comfortable.
6. It works with absolutely any forex broker.
7. It applies to each and every currency pair and any financial market.
8. Reliable and consistent.
9. It can be tested without having to risk any trading capital!
10. Can be used anywhere at any time because the market is always open!

If you find one that works 100%, please share with us. Good luck !