Posts Tagged ‘Currency Pairs’


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A Superior AI Forex Humanoid Trading System Review

Wednesday, December 23rd, 2009


The main purpose of an automated forex trading system is to help new trader to make profit from forex trading without actually knowing anything about Forex at all.

Today, many new trader like to use an automated trading system in their trading. With these automated trading system, the trader do not have to require any previous experience or skills, do not involve high risk, do not require hours in front of computer and the most important, it can generate a 6 figure per year income.

Forex Humanoid EA (Expert Advisor) is a fully automated trading system. This robot was developed by a team of professional real forex expert . Their vision is to developed a new fully automated trading system that they and other people could actually make a living from and a new piece of forex software which has never been seen before.

Forex Humanoid is difference than other forex trading system because its is an intra day trader, with scalpers power and long term traders results. This EA robot do not trade every day, or even every week. But it still will give a stable positive results, with a 99.1% winning rate and almost no risk, that would allow you to use it on real live account without any worries or fear of losing your invested capital because of a couple of losing trades.

During last 12 months from 1st June 2008 until 1st June 2009, Forex Humanoid robot have been tested using live forex account with startup capital of $10,000 and it have produced a 29 winning trades and zero losses and turned $10,000 into $103,085.34.

The Benefits of Forex Humanoid EA (Expert Advisor) is:

1) It is 100% fully automated EA system.

2) It trades only few hours a day but with a big winning trades.

3) The system work in all market conditions and almost all currency pairs.

4) No need experience because the system is very easy to use. Even if you never traded forex in your life, you will still be able to make money using this system.

5) It is also have a built-in money management software that will keep you investment safe. In the other way, you can test it as much as you want until you 100% confident about it without risking money at all.

6) 24/7 unlimited support Forex Humanoid customer support team is available anytime you need assistance.

7) High winning rate and low risk Forex Humanoid can work with any startup capital and there is no need for a lot of money to get started.

8) It is most rewarding forex automated trading system ever because it can grow up the initial investment up to hundreds of times.

The entire Forex Humanoid EA system is available for $97. The original price is actually $297, and the price $97 is for the first 500 copies only. The price will go back to $297 when 500 copies have been sold out. This package also gives the following free bonuses to buyers(which are collectively worth $913.94):

1) Forex Humanoid Manual System This manual system is a trading system based on the core of Forex Humanoid robot. It is a plug and play step by step system.

2) The Beginners Guide to Forex e-book.

3) One More Zero System One More Zero system is a great system that also have been use by Forex Humanoid designer for quite sometime with excellent results.

4) The Forex Bible e-book.

5) Unlimited Support and Coaching Whenever user have any question,Forex Humanoid Team will be one email away. The user are guaranteed to succeed using the Forex Humanoid EA system.

There is also a 60 day money back guarantee with the product. If the user is not satisfied with the quality of the product,they can return the product and claim a complete refund of what they have paid for it and the best part is they still can keep the free bonuses worth of $913.94.



By: Ahmad Kamal Abdul Rahman

About the Author:

Read more reviews about Forex trading system and compare it with other products at http://www.myforexguides.com/forexmakemoney



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A Little Information on Auto Trading in the Forex Market

Saturday, October 31st, 2009


The global foreign exchange market (Forex) is the largest market in the entire world. Every day it is estimated that over 3 trillion USD are traded around the world. This amount is far and above any other stock or bond market.

There are many reasons for the popularity of foreign exchange trading, but among the most important are the leverage available, the high liquidity, 24 hours a day and the very low dealing costs associated with trading. For example, when trading in the Forex market a trader does not incur the cost of “commissions” such as what occurs in the commodities markets.

When you trade, you will always trade a combination of two currencies. For example, you will buy Japanese yes and sell US dollars. Or buy euro and sell British pound, or any other combination of dozens of widely traded currencies.

The important thing here is to realize that currency pairs are bought and sold with the inclusion of a “dealing spread.” This dealing spread is typically 3-5 points in normal market conditions. This means that you can sell US dollars against the euro at 1.7780 and buy at 1.7785. You do not incur any additional costs or fees.

The difficult part of trading currencies on the Forex market is to come up with a business plan that allows you to make money more often, and in greater amounts, than you lose money.

The two fundamental approaches that traders have used are technical analysis and fundamental analysis. Technical analysis consists of looking at charts and price movements to come up with a game plan of when to enter and when to exit a trade. Fundamental analysis is when a trader attempts to take in all the information available on a currency that may affect it price movements. For example, a trader my be looking to trade the USD against the Japanese yen. Analyzing the economic reports from each country and then determining how this information will impact the respective currencies.

To me that sounds like a lot of work for the average person to do. I believe there is a more efficient and better way to trade. By having a professional expert who daily analyzes the market, and then Auto Trades my personal account in an efficient, profitable way makes much more sense.

By: Mike Yeager

About the Author:
Find out more information on Forex AutoTrading at:
http://100thousanddollarforex.blogspot.com/



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Forex For Newbies – A Quick Currency Trading Tutorial

Monday, October 12th, 2009


So, you want to learn how to trade currency on the foreign exchange market? The process of trading currencies appears very straight-forward on the surface but, there is more to it than meets the eye.

The currency trading tutorial you are about to receive here will give you a basic idea of how things works. However, you must keep in mind that this tutorial is only scratching the surface. The Forex market is complex, fast-paced and requires serious further study if you wish to trade successfully.

Now that we have that disclaimer out of the way, let’s begin by looking at the fundamental unit involved in every trade: the ‘currency pair’.

What are currency pairs?

Currency pairs are units of 2 currencies involved in a foreign exchange trade. For example, if you want to sell U.S. dollars to buy Euros, you would look at the exchange rate quoted for the EUR/USD currency pair. Or, if you wanted to sell Euros to buy U.S. dollars, you would look at the exchange rate quoted for the USD/EUR currency pair.

You might thinking: “Aren’t they the same thing?” Well, they almost are, but you must look at the correct pair, in the correct order, based on the currency being purchased.

There are two reasons for doing this:

First, it is easier to calculate the results of your exchange in terms of how much of the base currency you can purchase with your ‘quote’ currency. Your base currency is the currency you intend to buy, and the quote currency is the currency you intend to sell in exchange for the base.

When quoting an exchange rate, your broker will list the base currency first in the pair, and the quote currency second.

This means that when you see a pair like EUR/USD, you are seeing the cost of 1 Euro in U.S. Dollars. An exchange rate quote of EUR/USD = 1.4436 means that 1 Euro costs $1.4436 in U.S. Dollars.

Likewise, the USD/EUR pair indicates the cost of 1 U.S. Dollar in terms of Euros. An exchange rate of USD/EUR = 0.6834 would mean that 1 U.S Dollar costs 0.6834 Euro.

The second reason for looking at the correct buy/sell ordered pair is that you’ll want to know the difference between the ‘bid price’ (exchange rate) and the ‘ask price’ (what the market makers want for the currency).

The difference between bid price and ask price make up what is known as ‘the spread’. Forex traders are subject to spreads when opening or closing trades in the buying position.
In other words, you are always subject to a spread when you buy, regardless of whether you are opening or closing the trade.

Open buy -> spread

Close sell -> no spread

Open sell -> no spread

Close buy -> spread

Let’s say that you want to buy the EUR/USD pair. The bid price is 1.4436. The ask price may be something like 1.4440. You must pay the spread of 0.0004 in order to do the trade.

Those are the basics of a currency trade, but there are other factors to take into consideration. In order to make a profit on currency exchanges, you must also know how
to calculate the cash value of exchange rate fluctuations in terms of ‘basis points’ – or, in Forex jargon – ‘pips value’.

This currency trading tutorial will not cover pips values, but it is a concept you should investigate further if you want to master the basics of trade on the foreign exchange.

By: Karen Kaminski

About the Author:

Karen Kaminski is an information publisher and marketer with a passion for creating unique quality content that people can benefit from. Learn anything you need to know about Forex by visiting her site.

Information About Forex Trading



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