We hear a lot about the advantages of reading expert advisor reviews before you invest in one, but can you actually trust them?

There are so many different types of robots and different types of forex traders, that even if an EA or expert advisor has the best reviews in the world, it still might not work for every individual.

That might be a surprising statement. You can probably imagine that a trading system, which Read the rest of this entry »

Automated futures trading platforms are everywhere in the forex market these days. From millionaire traders who have their systems programmed into robots for their own use alone, to the beginner who expects to get rich from a cheap expert advisor without even knowing how to set it up, everybody is getting automated.

Of course, automation is increasing in a huge number of other areas too. However, if you look at stock market trading, for example, there is not nearly so much use of robots for trading as in the forex market. Why is this? Read the rest of this entry »

In this currency trading tutorial we will look at how to manage your money in order to have the best chance of making profits, rather than losses. We all know that ecn forex or currency trading is risky, but there are many things that we can do to reduce the risks.

Most new traders spend too much time looking for the perfect system and not enough on other aspects of their trading. Having a system that ‘works’ is not a guarantee of a smooth ride to millionaire status, just as having a car that works is not a guarantee of a smooth ride to the next town. You also have to know how to drive it and which road to take. Two different people will not drive that car in the exact same way and they may not have the same results.

In fact we can take the analogy a step further and it will illustrate the point even better. Read the rest of this entry »