Thursday, October 23, 2008

Forex Trading Systems

Forex trading systems; where to start? Well let's start with you. If you're like most people you want a lot of money and fast but want to do little work. Don't be ashamed to admit it, I'm the same way. This is where Forex trading comes in. Forex trading in general is a complicated process to understand and master but the fine "elite traders" and "elite advisers" have made life easier on us lazy folks by introducing Forex trading systems. Plus they make an extra buck on the side which is always nice.

The concept of a Forex trading system is simple; it tells you what to do step by step. Forex trading systems come in many mediums, some superior than others. For example there are seminars, books, e-books and autopilot applications. Settle down tiger, I know you're excited about the word autopilot but I'll get to them later I promise.

Seminars while good and filled with information from elite traders, are tricky. I say this because a decent one will usually cost you a pretty penny and depending on the person you may or may not be allowed to take notes/record the session. So there are some things to research before attending/spending a dime on one. If you're not allowed to take notes or record the session how good is your memory? If you're like me you forget what you had for dinner 3 days ago.

Book and e-books are excellent references if you're interested in learning everything about trading. This also opens the option of one day creating your own Forex product and making even more cash which is what we're all about, right? The downside to this is the process is usually trial and error and you may or may not lose large sums of money you've invested. That's not cool... seriously.

And finally we have autopilot applications (I told you we'd get to them). These are taking the Forex trading market by storm right now. Any of the best selling ones (Forex Tracer, for example) are designed by expert advisers and elite traders so you know you're getting quality stuff. A lot of these "elite traders" are angry at those who release such programs and they attempt to bash them. Why? Because we (the lazy folks that just want money) are taking money they could be earning. Boohoo, that's what I say.

Forex autopilot applications are highly effective, besides the fact they've developed insanely complicated algorithms, they've put them through insane amounts of testing before releasing them. You think you've heard the best part? Think again. First they require no previous experience and they're dead easy to use (and come with instructions so it's a total no-brainer) and second most offer a function where you use "fake money" (no, not counterfeit money... it's play money). Essentially you can play the trading game and see how much potential profit there is before even investing a dime. Now that's something we like to hear.

So yeah, that about covers it. If you're interested in listening to what a guru has to say look for a seminar by an elite trader. If you're interested in actually learning the complex market o' Forex trading you should grab a book or e-book and get reading. But if you're lazy and just want money like me grab an autopilot application and go to town my friend!

For reviews of the top three selling Forex trading systems click here

Brokers work at the Buenos Aires Stock Exchange, in Buenos Aires, Tuesday, Oct. 21, 2008. Argentine stocks plunged by 13 percent Tuesday in reaction to government plans to nationalize nearly US$30 billion in private pension funds. (AP Photo/Eduardo Di Baia)AP - Argentina's surprise move to nationalize $30.1 billion in private pension funds amid the global fiscal crisis has driven the nation's benchmark stock index down 20 percent in two days.

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