The Best Forex Strategies Revealed For Consistent Profits

I have spent years trying different trading strategies and waiting for the perfect forex strategies to be revealed. Waiting for some secret or holy grail that would make my trading profitable. I tried different indicators and signals, I drew the trend lines support and resistance levels and studied everything I could about technical trading. I would do back tests on systems and the tests showed excellent profit but when I would trade the systems live I never could get them to make a profit. I would always end up losing money.

After several years and thousands of dollars lost I finally discovered the secret to profitable forex trading. The problem all those years was that I was looking in the wrong direction. There are endless numbers of trading strategies that are time tested and profitable. The secret is that it's not so much about finding a good strategy, the secret is about us becoming good at consistently trading any system we are using.

No matter how good the trading system is it won't do us any good unless we are effective with our trading. I was always blaming the strategies for my failures but when I look back on it the problem was that I was not being consistent with my trading. This is what causes most traders to fail.

It takes an extremely disciplined person to be able to stick to a system and trade without emotions such as fear and greed entering their trading decisions. When you bring human emotion to the table it alters your trading system and alters the results. If your emotions aren't right for trading it usually alters your trading in a negative way and often turns a profitable trading strategy into loser.

Another problem with forex trading is the market is moving 24 hours a day. While this is an advantage in some ways it can also be a big disadvantage. The disadvantage is you can't be watching the market 24 hours a day. You can't be there to catch all your trade signals. This alone can make many trading system almost impossible to follow unless you are working with a team of people who can monitor the markets 24 hours a day.

I don't know about you but I don't want to spend my life watching charts and I decided a while back that manual forex trading is really not for most people. The solution I found is to use automated programs called robots that will monitor the markets for you 24 hours a day and trade the forex for you automatically. Using a proven profitable system they will enter and exit your trades when the market gives them the signals. Modern robots are very simple to set up and one they are they everything automatically whether you are there or not.

When selecting a robot watch out for back tested claims. You want one that actually has a history of making a profit trading a live account. Most important is to make sure you can let it run on a demo account for a while and make sure it will make a profit before you use it with real money.

For me using a robot is the only way I have found that I can get consistent profits in my trading. The robot makes money automatically while I can spend my time doing other things that I enjoy.

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Best Forex EAs - Learn About the Most Profitable and Consistent Forex Trading Bots

If you are in the trading industry, you may have heard of trading Expert Advisors a lot. These are sometimes referred to as EAs. There are many companies that provide you with an EA. But what is a trading EA? This is simply a trading platform, which will render your trading process automatically. The whole system is drafted according to some preferences and indicators.

But nowadays we hear a lot about the EA's failures and drawbacks. What really is the problem? Now you know that an EA works based on an indicator. What will it happen when an indicator is not working properly? Many indicators are found lagging and this will affect the total performance of your EA. When it is trending time, you may find that all of those indicators are working properly and EA does your trading quiet well. But when it is ranging time, most of the indicators fails. This can create problems with EAs as well.

Now that you had found out the root cause of the failure of EAs, let us discuss what we can do to tackle it. Indicators have to be blamed for the poor performance of EAs. What is the solution for this? The answer is that simple. You have to find an EA that does not use an indicator. But it is not the easiest job to find such an EA. There are many reasons for this. Most of us do not know how to find an EA that do not use these indicators.

This can be done with the help of a professional. Otherwise, you can do this yourself, if you are having an appetite for software related things. First thing that you have to do is to search for Correlation Triangle EA or Correlated Hedge EA. When the results appear, read the description. There they will tell you the formula they used to make the particular EA. You can find out that these Correlated Hedge or Correlation Triangle EA does not use any indicators.

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The Best Forex Robot in the World For Consistent Profits

Forex robots are software programs that automatically trade the forex market with the intention of turning a profit. Although I do have an opinion on the best forex robot in the world, there is one major thing that must first be addressed that most traders do not now know when they purchase one of these programs.

These forex robots actually have settings that must be maintained if a trader is to keep the robot at its full potential, otherwise it might start off making the trader money, but then the profits will begin to slowly decrease as the weeks go by.

Any trader who trades the forex market knows that the market is usually in either one of two conditions. It is usually either ranging or trending, and most traders also know that the current condition affects how a stop-loss and profit-level will be set. This is also the same for forex robots. The settings for them are the same no matter what condition the market is in, but this is why the settings need to be changed based on what condition it is in. This will not only make the robot more profitable, but you will not see it drop down into losses, which is what most traders see after a certain number of weeks.

If you wish to trade manually, then you have years worth of demo trading and learning to become very successful. Getting a forex robot to trade for you can be a shortcut to profits, but you must at least take your newly purchased robot and demo trade with it and learn how to maintain its settings week after week.

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