Project Pips - An Honest Review Of The Automated Forex Software

By Dr. Ocan Petter

Project Pips is a new automated forex software, a trading system that is not shy of any uniqueness, easiness and effectiveness. You don't need to know anything about trade - this automated forex software and system proves that trading doesn't need to be a hard-core science or some complicated tricky calculation process. Its creator, a professional forex professional himself, knew that well and created this system that gives users the most complete and consistent trading opportunities than any other of the kind. What can the people who buy it expect from this automated forex software, though?

There is no guessing or calculation work, rather very professional and comprehensive trading signal service which offers the best possible trade to the user. What you need is internet connection and login information. This platform equally works on PCs and Mac.

Traders, both amateurs and professionals can start using this system and benefit from its extraordinary abilities; it comes with huge profit generating potentials and it can help the traders discover the little secrets that make a huge difference in the forex market. In any case, as an automated forex software it is a time saving solution, offering profits and experience at the same time.

The Project Pips allows you to trade as much as you want and as often as you want. It does all work for you - your participation is minimal. Forex asks you only to place the trades once it finishes all technical tasks and finds the best deals for you. This software, as accurate as trading process needs to be, uses a very complex algorithm based on mathematical calculations. This automated forex software does research and compares available deals.

Project Pips is based on three models; it can provide a steady stream of entry and exit signals, allowing you to know when it is the best time to enter and when to exit the market. It can help you make good money, without forcing you to spend all day in front of your computer and without any additional effort on your behalf.

In addition to proper trading signals, users need to know methods and have the latest technology available to successfully perform with Project Pips on the market place. No worries: Project Pips offers both in a very comprehensive way. Its latest technology has never been found on other automated systems. That perhaps explains why this system, often seen as the perfect trading system, is so successful.

It works in any country and also with all forex brokers. If you decide to use it you can actually test it, downloading its demo account. It is a system designed for amateurs and professionals, therefore, easy as one, two, three; the difference from other so called automated systems is that it brings you hassle free and steady revenues. It can be used anywhere and anytime, and rids you from the frustration of making decisions or guessing. Guesswork is actually over, once you test this automated system. There is nothing to interpret or wish for; you simply install the program and let it do everything for you.

Project Pips is an automated tool, a helpful tool for the average or expert user and everyone who wants to suceed in Forex Market. - 23210

About the Author:

With low investments and higher returns, learn all about automated forex software on: http://bit.ly/19uqto Give yourself the freedom you always wanted with forex trading.

Different Types of Market Orders (Part II)

By Ahmad Hassam

Stop Loss Orders: If the market moves against your position, stop loss orders are used to limit losses. If you dont use stop loss orders, you are leaving yourself at the mercy of the markets. A dangerous proposition! Stop loss orders are critical to your trading survival. The traditional stop loss order does just that. It stops losses by closing out an open position that is losing money.

If you are short, your stop loss order would be to buy but at a higher price than the current market price. Stop loss orders are on the other side of the take profit orders but in the same direction. If you are long, your stop loss order would be to sell but at a lower price than the current market price.

Trailing Stop Loss Orders: The trailing stop order adjusts the order rate as the market price moves but only in the direction of your trade. A trailing stop loss order is a stop loss order that you set at a fixed number of pips from your entry rate.

Suppose you are long on EUR/GBP at 1.2654. You set the trailing stop loss at 30 pips. The stop order will become active at (1.2654-30=) 1.2624 initially. As the market moves higher, the trailing stop loss order continues to adjust itself higher. Suppose the EUR/USD rate goes up to 1.2674, the stop adjusts itself. Now the stop order will become active at 1.244.

Your trailing stop will be 30 pips below the top when the market puts in the top. The trailing stop loss order will be triggered and your open position closed if the market ever goes down by 30 pips. So in our example, you are long at 1.2654. You set the trailing stop loss at 30 pips and it became active at 1.2624.

Suppose the market never ticks up and instead the market goes straight down. You will be stopped out at 1.2624. Instead suppose the market first rises to 1.2664. Then the market declines 40 pips. Your trailing stop loss order will first rise to (1.2664-30=) 1.2634. It is at 1.2634 that you would be stopped out now.

Did you hear the saying while trading: Cut your losses and let your winners run? A trailing stop loss order allows you to do exactly that. You wait for the market to stage for a reversal in case of a possible winning trade. Instead of you picking the right level to exit on your own, the trailing stop loss order takes you out of your trade.

Using stop loss orders is critical in trading as it helps you in money and risk management. Trading without the stop loss orders is foolish! Never ever do that! So the key to successful trading is to cut losing positions quickly and let winning positions run. This is what a trailing stop loss order does. It helps your winners run and cuts your losses. - 23210

About the Author:

Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading and currencies. Discover a revolutionary new Forex Robot. Learn Forex Trading!

Learn Trading Discipline

By Ahmad Hassam

Developing trading discipline in yourself is what you should do if you want to become a successful trader in the long run. Suppose in a trading session, you come to a point in your market analysis when you have no confidence on the accurate direction of the market forecast. Things are not clear. Never forget, a lost opportunity is better than lost capital. Choose not to trade.

Wait for the market conditions to become clearer. Increase the probability of success by trading when the trade setups are strong. This is far more important in forex trading than in stock trading. The forex markets move a lot.

You need to learn that high leverage will give you the opportunity to make a lot more money much quicker. But in case you go wrong, currency markets are ruthless. You can get your account wiped out. You dont see an opportunity clearly. Try to sit on the sidelines. You dont have to trade every time. Wait for the market conditions to become clearer. You should learn to be a patient trader. Wait for the market to come to you.

Leverage is a wonderful money making tool. It is the key to making money in the forex markets. No other market allows high leverage that this market allows. 100:1 leverage means that for a $1000 deposit, you can trade $100,000. This huge leverage allows you the opportunity to make the kind of returns that you want.

But using high leverage also has the potential of making you lose some or all of your capital if you trade foolishly. Take the example of credit cards. The bank lets you borrow huge sums of money using your credit card on the promise that you will pay it back.

But in case you abuse your credit card. It can lead you into heavy debt. It can even result in bankruptcy. You should manage leverage in forex trading like you manage your credit card. You have $10,000. It does not mean that you should trade 10 lots and use all your $10,000 capital. Using all your capital in one trading session would be foolish on your part and highly risky.

A very effective trading method yet very conservative would be to never use leverage of more than 20% on your capital in the account. You should only trade two lots with a $10,000 capital in your account. Use good money management rules. Trade with discipline! You can grow your account realistically in a short period of time.

Understand the power of compounding. The compounding factor applied to your capital can make it grow fast in a short period of time. Many people want to get rich quick and take unnecessary risks while trading. They think that a few big wins will make them rich. They dont focus on proper trading principles or rules. You need to develop trading discipline. Follow simple money management rules consistently and persistently.

If you are trading a mini account, start by trading one position of one tenth of a lot. You will not make much money in the beginning as the position size is only one tenth of a normal lot. But the percentage of returns will compound over time and let you trade a much larger sum of money with the passage of time.

As a trader, you should make realistic goals that can be achieved over time. You should always trade with the money that you can afford to lose! Never ever trade with money that you cannot afford to lose! It is foolish. You should never borrow money to trade. You should not use money that you would use to pay monthly utility bills. You should not use your life savings. You should not think like a gambler. - 23210

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Know Swing Trading. Learn Forex Trading!

The Top 5 Ways To Know What Money To Invest, And Where To Invest It.

By Mr Christopher Latter

'It is easy to earn money but it is hard to keep the savings and investments'-this is a popular phrase that is currently in circulation worldwide. This is absolutely true as it is really difficult to save some money preserve it in the form of investments and savings. Earning is not the great deal, but savings are!! It is not a great deal if you find the money to invest; but the great deal is in finding places where you can generate some savings from the places you invest your investments in.

There are numerous resources where one can draw money from and there are even several places where one can invest his money in. It is not 'from where you draw the money from' that matters a lot, it is 'into where one is placing his investment' that matters a lot. One should bear in mind that not all the places can bring out the desired results. An in-depth research is very much required to locate these fruit-yielding areas so that even upon investing, one can be sure that he is going to reap some profits. Considering your money to be invested in such areas can draw a hundredfold increase to the money you are investing.

The 'money to invest' can be in various forms: stocks/shares, bank accounts, bonds, mutual funds and several others. These are nothing but few of the popular forms of investing considered by the people all around the world to generate huge profits. Following are few such areas where one can invest his money:

1. Saving money in the bank: This is the safest and the most secure form of savings and investments. Set aside some percentage of your monthly income and consider that money to invest in the banks as "investments". Depending upon the term of investment, either long or short, some money is offered to you as a percentage profit. Be sure you select the right bank for your investments.

2. Bonds: Bonds too, are the popular form of investments. These are offered both by the government companies and by several private companies as well. Bonds are feasible only if you do not have any immediate need of money-at least for a certain period of time.

3. Certificate Deposits: Certificate deposits are another feasible option for investment. Certificate deposits operate in a similar way as 'Bonds' do but differ slightly in the operation. While the rates of interest offered by the bonds vary according to the market situations, certificate bonds tend to remain the same all through the year.

4. Stocks/Shares: Stocks and shares are the other popular forms of investments for your money to be invested in. One can purchase some shares in a company and watch them grow. This is similar to buying a part of the company. Select a company that has long term stability and that has a strong share value in the market. The returns that the shares give are simply overwhelming as they give you a tremendous increase in your investments. Also be aware of the pitfalls as well as there is no other form of investment that is as volatile as the share market.

5. Invest in another company: Investing in another company, preferable in its early stages can earn huge returns over a period of time. However one has to wait for some considerable amount of time to see the returns.

The first three of the above stated forms are considered to be the safest modes of investing, as they produce guarantee returns to the money you invest in them. Though these are not the only modes of investment, they still form a major share in the total investments made across the globe. - 23210

About the Author:

Read more about money to invest by visiting an archive of articles on this topic and other sources knitted closely to money to invest.

Become A Success In Home Based Business With Currency Trading

By Richard U. Olson

An increasing number of people are choosing to go to work for themselves by becoming involved in home based businesses. These businesses allow people to ditch their long commutes, work for themselves and achieve personal autonomy and make more time for their families in the bargain. There are also the financial rewards to consider. Whole there are a lot of different possibilities when it comes to home based businesses, one of the most lucrative of all is online currency trading in the Forex market.

The Internet revolution has driven this explosion of home based business opportunities and possibilities, and the Forex market is no exception to this trend. Online currency trading is more popular than ever, and more people than ever before can have access to this amazing way to make very large amounts of money.

You see, there is software that helps people track the currency trading market online. This makes the unique and powerful business of Forex trading more accessible to more people than ever before. All they need is a computer and an Internet account--things that the vast majority of adults in the Western world have nowadays.

To make the most of your Forex trading career, you'll need to have some tools and strategies on your side which can help you to make money in this global currency market.

You'll need to learn as much as you can about the currency trading market so you can determine a trading strategy which can work for you. Many people want to decide on what decline in the price of an asset they are willing to accept before issuing a stop-loss order. Some will want to set this at a 38% retracement, while others will set this at a level of 50% before taking action. Analyze the market carefully and come up with a strategy for trading - relying on emotions to make trades can be disastrous.

When first starting out in the world of Forex trading, you will want the counsel of a mentor. You can increase your profits efficiently by learning from the mistakes made previously by your mentor, since they will have more likely been there and done that already.

Learn all of the ins and outs of your automated Forex trading software before you get started making real trades. There are no shortcuts to this - at least not any which you would be well advised to take.

Learn about trading strategies used by master currency traders so that you truly understand what you are doing--even if you do plan to make heavy use of your software.

Come up with a trading discipline and then never waiver from it. If you need to adjust it from time to time to refine it and make it ever more suited to you, do so after due consideration; but when it's in place never take any action in the Forex market that would take you outside of your discipline.

You can build your bank account, while fulfilling your need for satisfaction and excitement when making money with online currency trading as a home based business. There are some great Forex trading software available to you and there is a multitude of good research material to learn from while online. - 23210

About the Author:

Richard U. Olson recommends the state of the art Forex Expert Advisor that he uses to make consistent profits in the Forex markets. Grab his FREE e-course on The Crucial Facts On Forex Trading to realize your financial dreams.