Friday 10 July 2015

How To Make Profit With Forex Robot


Forex Robots

It's a software system written in many advanced algorithms (instructions) to accomplish their task. They predict the correct momentum of currency pairs and open and close the positions automatically with profit. Forex robots can handle multiple task at a time which is impossible for a human. A forex trader can't work on all time frames , all technical indicators, all trend lines and all past currency pair data in a particular time. But forex robots do it very well and that's why they makes profit for forex trader.

How Forex Robots Works

As forex robots are a set of instructions and every instruction are tightly bound with the mathematical formula. I clear it with taking a simple mathematical equation. (X+Y)/Z = T and now suppose X, Y And Z are the Moving average data of 15 min, 30 min and 1 hour respectively at a given time. Here T is Trend for particular currency. Forex robots collect these data and apply them on mathematical formula to predict the trend. They do work on lot of complex  mathematical equations and predict exact currency movement in a fraction of second. Humans can't do it same as robot because we can't collect all data and apply them on lot of equations in a very short time.

Why Forex Robots Fail

It is the most painful truth even forex robots do excellent work but in some situations they fails. In Fact this failure not a robot fault. Actually they execute every instruction properly. They perform well but only technically and not designed or programmed for fundamental aspects of the currency movement. That's why no one forex robot is 100% perfect.
It is impossible to make a such a robot that work on fundamental strategy. Fundamental situations are human oriented and robots can't think like human. Any financial crises is a fundamental factor and robots can't predicts them.

How To Use Forex Robot To Make Profit

Now it is clear that forex robots work technically no fundamental. And to fill this gap a forex trader must have to follow these instruction. You have only decide when  switch On & Off the forex robot.
  • Avoid Long term positions and make trade in short time frames 15 min, 30 min and 1 hour  is the best time frames. Because any fundamental factor not affects the market sudden.
  • Don't enter in volatile market conditions. Just wait for normal market condition   
  • Avoid big lot positions.

Conclusion

A forex robot is very best tool to make profit from forex market but only when if they are used in a smart way. Many forex traders knows that how to control forex robot and they make lot of money and other side many traders fail to do it. If you can operate well, forex robots do well for you.

Popular Forex Robots

Friday 3 July 2015

Popular Top 10 Forex Brokers Review

The most popular forex broker's review are given below. What is review and how forex brokers works, all discribed in my prsvious article. So lets check this review.



Established Year:  2008
Regulation:   Cyprus Security   :    Exchange Services (CYSEC)
Country:  Cyprus
Minimum Deposit:  No Minimum
Leverage:  1:2000
Spread:       0.3 Minimum
Trading Platforms:  MT4, MT5, WebTrader
Account Types:  Micro, Mini, Standard, Metal Currency.
Payment Methods: Bank wire, All major credit and debit card, webmoney, Perfect Money, Neteller, Skrill
Currency Support:   80+
Language Support:   13
Client Support:  24/7



Established Year:  2003
Regulation:   CYSEC, NFA, CFTC, ASIC EU
Country:  Cyprus
Minimum Deposit:   $25
Leverage:  
Spread:   2 pip (minimum)
Trading Platforms:  Easy forex, MT4, Trader  (mobile & desktop)
Account Types:  Standard, Premium, VIP
Payment Methods: credit & Debit card, Bank wire, paypal, skrill
Currency Support:  70+
Language Support:   10
Client Support:   24/7


3.   eToro

Established Year:  2006
Regulation:   CYSEC
Country:  Cyprus
Minimum Deposit:  $50
Leverage:  1:400
Spread:   2 pip (fixed)
Trading Platforms:  eToro platform, Webtrader, Openbook, Mobile trader
Account Types:  eToro open book
Payment Methods:  Credit & debit card, wire, webmoney, Neteller, Moneybooker, paypal, payoneer.
Currency Support:   17
Language Support:   20
Client Support:  24/5 ( Monday - Friday)


4.   FXOpen

Established Year:  2009
Regulation:  ASIC, FCA UK, FSPR
Country: New Zealand, Australia
Minimum Deposit:  $200
Leverage:  1:500
Spread:       0.1 (minimum)
Trading Platforms:  MT4 ( Desktop & Mobile)
Account Types:
Payment Methods: Credit card, wire, skrill, perfect money, webmoney, bitcoin, litecoin, payza, fast pay, Neteller, Disi Pay, Namecoin.
Currency Support:  28
Language Support: 10
Client Support:  24/5


5.   Plus 500

Established Year:  2008
Regulation:  Financial Conduct Authority (FSA)
Country:  London (UK)
Minimum Deposit:  €100
Leverage:  1:200
Spread:  2 pip (minimum)
Trading Platforms:  Plus 500 TP, WebTrader & Mobile Trader
Account Types:  Standard
Payment Methods:   Wire, Card, Skrill (Moneybooker),  paypal
Currency Support:  200+
Language Support:  32
Client Support:  24/7 (No Chat)


6.   XE Markets

Established Year:  2009
Regulation:   CYSEC, FSA UK, BaFin of Germany
Country:  Cyprus
Minimum Deposit:  $5
Leverage:   1:888
Spread:        0.1 pip ( minimum)
Trading Platforms:  MT4 (desktop & mobile)
Account Types:  Micro, Standard, Executive
Payment Methods: Bank wire, Card, Union pay, Neteller, Qiwi, webmoney, western union, Moneygram, Skrill (Moneybooker)
Currency Support:   60
Language Support:   19
Client Support:  24/5


7.  Liteforex

Established Year:  2005
Regulation:  RAFMM
Country:  Marshall Islands
Minimum Deposit:  $10
Leverage:  1:1000
Spread:       1 pip ( minimum)
Trading Platforms:  MT4, MT5, (Desktop & Mobile), Webtrader
Account Types:  Mini, Cent,  Micro, Dynamic STP, Mega, Executive
Payment Methods: Bank wire, credit & debit card, CASHU, EgoPay, webmoney, QIWI, OKPAY, Perfect Money
Currency Support:   80
Language Support:    14
Client Support:  24/5


8.   Iron forex

Established Year:  2010
Regulation:  CYSE, FCA, ASIC, FSP
Country:  New Zealand
Minimum Deposit:  $500
Leverage:   1:500
Spread:   0 pip (Tight)
Trading Platforms:  MT4, MT5 (Desktop & mobile), WebTrader
Account Types:  Micro,  Premium, VIP
Payment Methods:  Bank wire, Card, skrill,  China Union Pay, webmoney, Neteller, Fast pay, Qiwi, M.O.TO ( Mail Order & Telephone Order)
Currency Support:  120+
Language Support:   45
Client Support:  24/7


9.  Hotforex

Established Year:   2007
Regulation:   CYSEC
Country:    Mauritius
Minimum Deposit:   $50
Leverage:     1:1000
Spread:          0.4 - 1 pip
Trading Platforms:  MT4 ( Desktop & Mobile), WebTrader
Account Types:  Micro, Premium, VIP
Payment Methods:  Bank wire, Card, Neteller, skrill, Fast Pay, UKash, Webmoney, CashU
Currency Support:  70+
Language Support:  12
Client Support:  24/5


10.  Windsor Brokers Ltd.

Established Year:  1988
Regulation:  AFM (Netherland), BaFin, FCA, CYSEC
Country:  Cyprus
Minimum Deposit:  $100
Leverage:  1:500
Spread:       2 pip ( fixed)
Trading Platforms:  MT4, MT5, (Desktop & Mobile), Gwazy
Account Types:  Mini, Micro, Dynamic STP, Mega, Executive
Payment Methods: Bank wire, credit & debit card, CASHU, Skrill, Ukash
Currency Support:   27
Language Support:    14
Client Support:  24/5


Sunday 28 June 2015

How To Open Real Forex Trading Account

Anyone can open forex real trading account for free. There is no fee , file charges and hidden charges to open an account. But minimum age must be 18. Once you complete the process, your account becomes active for forex trading. It hardly takes 10 minute to open an active forex real trading account. Here I will describe step to open an trading account.


Step 1. Fill Online Form of Forex Broker.




  • After choosing account type, a page will display as account opening form. Here you need to provide your personal details as you generally filled to open an Email account or other services form.

These personal details include your Name, Surname, Address Email, Phone/Mobile Number, Date of Birth, Nationality and Password to login for trading. Some forex brokers also require some additional information as your Profession, Annual income and Trading experience.                 
Once you fill all required information,  Submit/Save or Next the page.


Note: Additional details doesn't matter any more but your other personal details must be correct and  spell checked  before submit them.


  • After submit the personal details, an email will be send by the broker on your email address that you provided in personal detail. This email contains your username and password and an confirmation link. Click on this link or paste it on browser address bar and enter. This links redirects you on broker's login page.


  • Now your account has been confirmed and Active. You can login your trading account and easily check your status like as your trading account number, your trading balance etc. At this stage your forex trading account is completely ready for trading and its a real trading account. Now to start trading you have to download trading platform and install it on your desktop or mobile device from broker's website and login.


Note:  Account balance will show 0.0. To start trading you have to deposit minimum as according to the requirement of account type you chose. It may be $1, $5, $10, $25, $50, $100 and so on. Whenever you make deposit you will become able to buy or sell currency (Forex Trading). There are a number of payment methods to do deposit.





Step 2. Submit Required Documents:


  • All forex brokers require some important documents that proves your identity and your address. They match your details with the details you provided on personal details. If they feel it is correct they immediately authenticate and verify your forex trading account.


  • The documents (Scanned Copy) you need to submit are:


(i) Personal Identity Card (ID card), Any documents issued by the Government. In which your Name, Photo Date of birth and your Nationality are clearly mentioned.


(ii) Address Proof, The document of your address or your residential address  such as passport, Driving Licence, Bank statement etc. in which your name
and address are mention.


  • Once you collect these documents, scan and upload these documents from your trading account member/personal area. To go for member area you have just login your trading account on broker's website. you can also email these documents to brokers.


  • After the submission of documents, your forex trading account will be verify within 24 hours. Although it hardly takes 2 -5 hours.


There is no worry if you complete Step 1 and start trading with some deposit but when you want to withdraw your earned profit or all deposit fund. You must complete Step 2 means you must have to submit/upload a scanned copy of documents to withdraw your fund.


Documents submission occurs only once and after that you can do trading without the worry of withdrawal.


I personally advise you, open account but don't deposit money until you submit the documents and gets verified by broker. Once your account verified for withdrawal, you can start trading with some deposit.
Before start trading
read  forex basic terms and also look the most popular forex broker.


This is the complete process of Open Real Forex Trading Account  and completely free account. If any query write me. I'll feel glad to solve your problems.

Saturday 20 June 2015

Best Recommended Forex Broker Review


Sometime it's very difficult to start trading with a suitable broker that ensure you, money is safe with them. In my previous article, I already described some important aspects to choose a best forex broker. Here I'll give the review of worlds best forex broker in terms of their services.


best
  

Take a look on some points before check the list of forex brokers.
Actually forex trading comes with the deal between forex broker and trader. Trader deposit money and take services from broker. On the other side broker provides satisfactory services to the trader so that they can trade and do transaction smoothly.

In Fact every broker must have to take a licence from a regular authority to do this. These regular authority owned by the Government or Reputed financial bank. Its mean no one broker wants either to do or involve in illegal financial activity that becomes the cause of cancellation of licence by the regulated authority or Govt.

You have seen many times the ranking of forex broker different on website to website. This is because ranking of forex brokers based on different different factors. In some factor forex broker gets Rank 1 and in some other factors it becomes Rank 15. And this is the only reason to get confused us and makes difficult to decide that which one is the best forex broker.

Recommended forex brokers doesn't mean that other forex broker are not well. In fact all brokers are regulated by very reputed big financial banks and Governments. So they also do well but depends which types of services they provide to their trader/client.

Take an example.
______________________________
Suppose two reputed broker.

Broker A provides :

Min Deposit - $1
Spread- 0.7 pip
Leverage- 1:1000  
Payment Method- Bank wire.                                  
Broker B provides :

Min Deposit- $100  
Spread- 1.2 Pip   
Leverage- 1:300       
Payment method- E-currency
________________________________

If you look, Broker 'A' providing Bank wire method for payment. Which takes approximately 7-12 days to execute.

And Broker 'B' providing E-currency method. Which execute instantly.

So, the traders who want instant deposit and withdrawal and can't wait for payment will definately go for Broker 'B'. They ignore other services.

As, I already told you, both 'A' and 'B' are reputed brokers and broker 'A' also have large no. of clients. Because other services like minimum deposit, spreads attracts other traders. These traders may be unable to deposit $100 and no problem with bank wire payment method.

Actually both the brokers are well but some little service issues differ them.

Review and Recommendation of forex brokers tells us the comparison of services provide by them. Here I filtered some world's best forex brokers. They provide their services in more than 165 countries. So take a review and decide which one is best forex broker for you.
_____________________

1.  Windsor Brokers Ltd.

Established Year:  1988
Regulation:  AFM (Netherland), BaFin, FCA, CYSEC
Country:  Cyprus
Minimum Deposit:  $100
Leverage:  1:500
Spread:       2 pip ( fixed)
Trading Platforms:  MT4, MT5, (Desktop & Mobile), Gwazy
Account Types:  Mini, Micro, Dynamic STP, Mega, Executive
Payment Methods: Bank wire, credit & debit card, CASHU, Skrill, Ukash
Currency Support:   27
Language Support:    14
Client Support:  24/5


__________________________

Established Year:  2008
Regulation:   Cyprus Security   :    Exchange Services (CYSEC)
Country:  Cyprus
Minimum Deposit:  No Minimum
Leverage:  1:2000
Spread:       0.3 Minimum
Trading Platforms:  MT4, MT5, WebTrader
Account Types:  Micro, Mini, Standard, Metal Currency.
Payment Methods: Bank wire, All major credit and debit card, webmoney, Perfect Money, Neteller, Skrill
Currency Support:   80+
Language Support:   13
Client Support:  24/7


__________________________
3.   Easy forex

Established Year:  2003
Regulation:   CYSEC, NFA, CFTC, ASIC EU
Country:  Cyprus
Minimum Deposit:   $25
Leverage:  
Spread:   2 pip (minimum)
Trading Platforms:  Easy forex, MT4, Trader  (mobile & desktop)
Account Types:  Standard, Premium, VIP
Payment Methods: credit & Debit card, Bank wire, paypal, skrill
Currency Support:  70+
Language Support:   10
Client Support:   24/7


__________________________
4.   eToro

Established Year:  2006
Regulation:   CYSEC
Country:  Cyprus
Minimum Deposit:  $50
Leverage:  1:400
Spread:   2 pip (fixed)
Trading Platforms:  eToro platform, Webtrader, Openbook, Mobile trader
Account Types:  eToro open book
Payment Methods:  Credit & debit card, wire, webmoney, Neteller, Moneybooker, paypal, payoneer.
Currency Support:   17
Language Support:   20
Client Support:  24/5 ( Monday - Friday)


__________________________
5.   FXOpen

Established Year:  2009
Regulation:  ASIC, FCA UK, FSPR
Country: New Zealand, Australia
Minimum Deposit:  $200
Leverage:  1:500
Spread:       0.1 (minimum)
Trading Platforms:  MT4 ( Desktop & Mobile)
Account Types:
Payment Methods: Credit card, wire, skrill, perfect money, webmoney, bitcoin, litecoin, payza, fast pay, Neteller, Disi Pay, Namecoin.
Currency Support:  28
Language Support: 10
Client Support:  24/5


__________________________
6.   Plus 500

Established Year:  2008
Regulation:  Financial Conduct Authority (FSA)
Country:  London (UK)
Minimum Deposit:  €100
Leverage:  1:200
Spread:  2 pip (minimum)
Trading Platforms:  Plus 500 TP, WebTrader & Mobile Trader
Account Types:  Standard
Payment Methods:   Wire, Card, Skrill (Moneybooker),  paypal
Currency Support:  200+
Language Support:  32
Client Support:  24/7 (No Chat)

_________________________________

Established Year:  2009
Regulation:   CYSEC, FSA UK, BaFin of Germany
Country:  Cyprus
Minimum Deposit:  $5
Leverage:   1:888
Spread:        0.1 pip ( minimum)
Trading Platforms:  MT4 (desktop & mobile)
Account Types:  Micro, Standard, Executive 
Payment Methods: Bank wire, Card, Union pay, Neteller, Qiwi, webmoney, western union, Moneygram, Skrill (Moneybooker)
Currency Support:   60
Language Support:   19
Client Support:  24/5
____________________________________________________
8.   Iron forex

Established Year:  2010
Regulation:  CYSE, FCA, ASIC, FSP
Country:  New Zealand
Minimum Deposit:  $500
Leverage:   1:500
Spread:   0 pip (Tight)
Trading Platforms:  MT4, MT5 (Desktop & mobile), WebTrader
Account Types:  Micro,  Premium, VIP
Payment Methods:  Bank wire, Card, skrill,  China Union Pay, webmoney, Neteller, Fast pay, Qiwi, M.O.TO ( Mail Order & Telephone Order)
Currency Support:  120+
Language Support:   45
Client Support:  24/7

__________________________
9.  Hotforex

Established Year:   2007
Regulation:   CYSEC
Country:    Mauritius
Minimum Deposit:   $50
Leverage:     1:1000
Spread:          0.4 - 1 pip
Trading Platforms:  MT4 ( Desktop & Mobile), WebTrader
Account Types:  Micro, Premium, VIP
Payment Methods:  Bank wire, Card, Neteller, skrill, Fast Pay, UKash, Webmoney, Cash U
Currency Support:  70+
Language Support:  12
Client Support:  24/5


__________________________
10.   Dukascopy Europe

Established Year:   2004
Regulation:   Swiss Financial Market Supervisory Authority (FINMA)
Country:   Switzerland
Minimum Deposit:  $100
Leverage:   1:300
Spread:        0.2 ( Minimum)
Trading Platforms:  JForex, Java, Web ( Android & iOS)
Account Types:  Dukascopy ECN Forex, Managed Account
Payment Methods: Bank wire, All major credit & debit card
Currency Support:   50+
Language Support:   13
Client Support:   24/5