MY FINGER TIPS

Over the last two years or so, I have seen a growing hype around Forex, as if trading the currency exchange market was some sort of newly discovered source of easy income (which by the way it is not). You might think to yourself "how hard can it be, after all it is all about buying and selling currency from a computer" and sure that is the easy part, but how will this actually make you a profit?

This is a question very few people can really answer for you, and the reason for it is that trading the forex market requires for you to have a well thought out and carefully planned strategy, and believe me, even most of the so called and self proclaimed "forex gurus" do not have nor can they provide you with this key element.

The thing is that coming up with a trading strategy -a profitable one that is- is not as easy as some people might have lead you to think, because one thing you have to keep in mind from the very start is that forex trading is a business.

Indeed, forex has all the attributes of any business, you need capital, you have risks, you have to manage those risk, plan ahead and execute your tasks as planned and so on. If you treat forex any different you will fail at it, as you would in any other business venture where you ignore all these essential factors.

Then, the idea behind having a "forex system" is to provide yourself with a business plan, there is really nothing more to it. Do not think of a forex system (whether it is a course, a software or a signals service) as some miracle formula that will suddenly make you rich, think about it as part of your business plan.

If you picture yourself doing business within the restaurant industry, you would probably do some research and buy a guide or set of guides that will teach you how to go about starting that kind of business, as well as all the tools and resources necessary to get it up and running.

This is how you should view forex trading and this has to be your approach to this business, which in turn means that you should dedicate time and resources to building your plan, so that when you decide to put some money to work, you will know exactly how, when and why you will trade thus ensuring that each position you open will close for a profit, or at least most of them (because there is not such thing as a perfect strategy).

So, what is the answer to the big question "which is the best forex system for consistent profits"? Simple, one that has been used and put to work successfully by many, and not one that is just acclaimed by its creator and some fake testimonials on a sales letter. You might be wondering, "how will I know what forex system first this profile?"

The answer is in thorough research and some due diligence before you decide to start using any forex system as part of your trading plan.

There's been a lot of new Forex robots throughout the year and we've had the opportunity to test which ones have actually sustained themselves over time. Being that if you did a simple search looking for Forex trading systems or robots, you'd probably find loads of them, in fact probably hundreds of EA's and systems promising to be the next Holy Grail. Does this sound about right?

The fact is we've been trading the Forex market live for nearly 5 years now and while we do use a Forex robot and it has been very profitable it's not one from 2009. Are you surprised? Why would we need to jump on the next hottest trading system when what we've been using works? There are two types Forex robots created, those that are created only to be fresh and new and to attract new buyers and those that actually work. Each year you'll see new systems developed claiming to be the next best Forex robot or system, or no loss Robot. These are actually a joke. Anything that claims a no loss Robot you need to stay away from, because the fact of the matter is you will lose trades that's a given. However, there are trading Robots that actually work and produce very consistent results.

The Robot we found was created in early 2008 and we still use it to this day to confirm our trades. The most important variable that determines success or failure while using an automated trading system is money management. I can't tell you how often we see new traders overleveraged themselves, over trade or use a poor risk to reward ratio. The best traders in the world are only right sixty percent of the time. None of us can consider ourselves the top dog; therefore we need to assume we're going to lose more than half our trades. So how do we still profit? Simply, when we win a trade, we win four times the amount we risk to lose; therefore we only need to be right twenty five percent of the time to be a winning Forex trader.

The Forex robot we use provides this type of sound money management and it trains you to do the right things in order to have long-term success. Be sure to do your own research and find a quality system that's going to lead you down the right path. We've tested and tried many systems, but in doing so we were able to find one that works very well.

Forex trading is the trading that occurs on the foreign currency exchange market and while you don't need to be a broker to trade here, you should have a solid knowledge of the forex market and know how to strategize with the best of them. Trading strategies can be found everywhere, but if you are looking for an all-inclusive approach to forex trading you should consider one of the many forex courses offered through many different agencies. When you are comparing the courses offered you want to make sure you are getting access to a training platform that allows you to track and learn in real time without risking your own money. You should also have access to a tutor or instructor who can answer your questions and help you develop strategies of your own.

Forex courses are generally designed to give you an overall approach to forex trading and offer you an inside look at the market before plunging in. They should give you strategies as well as warnings about the trades that are smart or not so smart to make. While, you will make mistakes along the way, it's important to have a basic knowledge of how the market works in order to learn from those mistakes and understand how the market should work and be used for the best results and to get closer to your goal.

Once you find the right forex courses to take you will be able to define what the forex market looks like and how it operates. With this knowledge you can find the best trades to make and when to make them for the best results and the quickest way to making the money you desire on the forex trading market. The strategies you will learn from a forex course and the training platform will equip you with what you need to get started in forex trading. That start can lead you to making more trades and learning more about the market in a way that will lead you to success and the money you've always dreamed of.