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Beginner’s Guide To Automated Forex Trading

by

Deane Alban

Have you ever heard of Forex trading and wondered how you could get in on it? Forex trading is getting a great deal of attention in the press in lately because there are so many people making a lot of money at it.

Public interest is growing daily as a result, but beginners may find it a quite daunting task to figure out the best way to get started. Let me recommend you start out with automated Forex trading. That way you can start reaping the rewards of Forex trading without having to have a deep understanding of markets, reading charts, and more.

However there are so many automated forex trading systems, also called Forex trading robots, out there, it can be very helpful to those just starting out in the market to get a few tips. Below you will find some easy quick start tips for beginners.

Before you start your search for the best automated Forex trading system, it is good to decide before hand how much money you are willing to invest. There are accounts for every level of investor, ranging from the micro accounts that can be started for as little as under $100 to the mini accounts that usually require about a few hundred dollars to start with. Obviously the more you invest, the more you could make and conversely, the more you could lose. Never invest more than you can stomach losing!

To begin with, you can do what is called “paper trading”, where you open an account and trade “on paper”. This way you can practice and actually see how much money you would have made with no risk whatsoever. Once you get more confident and have traded for a while, you can have a bigger account. It is possible to make hundreds of thousands of dollars in the Forex market, but it does require a much larger investment.

Once you have decided on how much you want to invest, now you can choose your automated Forex trading program. These programs are also referred to as Forex trading robots. There are hundreds of different programs to choose from, and it is important that you make sure you choose a Forex robot that is actually working for you around the clock. Some “automated” systems are not fully automated; they will automatically send you alerts but still need you to make decisions round the clock. A truly automated Forex program will work for you, even when you are on vacation or asleep. Some of the best programs even work when your computer is off. Beginners will usually do much better when they have a program that can make money for them without a great deal of intervention on their part.

After you have chosen your amount of investment and selected an automated Forex trading program that has a good record of success, you will need to download your Forex program to your personal computer. Once your Forex trading robot is loaded, you can set it to work. If you prefer, you can make manual decisions on trades, but most beginners find that watching their own Forex robot in action is the best way for them to learn how to make smart decisions in the market.

Frustrated searching for a Forex robot that really works? At AutoForex101.com, we give you tell-it-like-it-is reports – the facts and our analysis – on Forex trading robots that can really help you trade successfully. Find the best

automated Forex trading

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AutoForex101.com

.

Article Source:

ArticleRich.com

Trade Forex Online And Change Your Lifestyle Completely

by

Samuel J Harris

Many people talk about having financial freedom in their lives but what does it actually mean? Well, it basically means living the lifestyle that you want without having to work hard for it. No longer will you be working 9 to 5 in an uninspiring job confined to a small office space. One of the best ways to achieve this is by learning how to trade Forex online using just your smart phone or tablet. That’s right, you can anywhere in the world doing whatever you like and make huge amounts of money on the side.

So what type of lifestyle can you have? Well, picture your favorite vacation or your ideal one if you haven’t been on one yet. Instead of going away for just a few weeks, imagine going for an entire year while making a lot more money than you would in your current job. I understand this sounds way too good to be true but there are actually people who do this, I happen to be one of them. After learning many ways to trade Forex online and being successful at it, I eventually was able to quit my job and just travel; I’ve been doing that ever since. While traveling, I always bring along my trusty iPad and iPhone so that I can place Forex trades while I’m shopping, visiting tourist places or dinning out. The only expense incurred are the costs of the sim cards for each country but most countries tend to have free WiFi access in public areas anyway, even in third world countries such as India or Vietnam.

So what must you do to get to achieve this lifestyle? Long story short, the first thing to do is to sign up for a demo account with a Forex broker on the internet or through a mobile app. Keep in mind that these demo accounts have expiry dates so be sure to take full advantage of it. Purchase home study Forex courses or attend a Forex trading seminar where experts teach you how to trade Forex online successfully. I suggest learning from multiple sources just so you can expand your knowledge. By the time your demo account expires, you would have learned enough to start trading on a live account. My advice would be to trade with a small amount of money and then gradually increase it as you build your confidence and your capital.

After you trade Forex online for around 6 months or more, you should have honed your trading skills enough and built up your capital. At this point, you’ll be able to estimate when your passive income will surpass your residue income, therefore know when you’ll be able to quit your job for good! That’s essentially how it works. Remember, Forex trading does involve taking losses every now and then but as long as you’re disciplined, you’ll be successful. Be sure to have a portion of your earnings go back into investing, another portion into a permanent savings account and the last portion for living expenses, spending and traveling.

These are basically the steps of how I got my life to where it is today. There’s no reason why anyone can’t do the same. To be honest, I had made a few mistakes along the way but I hope I’ve given you enough information so that you can avoid them. Very few people will ever know about this amazing lifestyle as a Forex trader, so go out there and learn to trade Forex online as soon as you can.

If you’re looking to start somewhere, I strongly recommend taking a look at

Financially Free Forex

. This site will get you started on the right track. To expand your knowledge, I encourage reading more of my trading articles by

clicking here

.

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Trade Forex Online And Change Your Lifestyle Completely