Make Money Trading Forex

There are proven ways to make money trading Forex and this website is dedicated to showing you what you really need to know to profitably trade the currency market.

Many traders contact me looking for guidance. There are a couple of key points that will help 99% of them... cut losses early, let profits run and stay away from the short time period charts. Sounds simple, but in practice it's tough.

My current focus is on automated trading systems and trading robots. It is almost impossible to manually trade this market efficiently since it operates around the clock for 5 1/2 days every week. Yes, you can trade the daily charts, but that means you will miss out on many of the shorter term moves which are common to currency trading.

The beauty of an automated system is that it will watch for the right setups and execute your plan, night or day. It has been proven that over the longer term, automated systems perform better than manual ones to make money trading Forex.

If you have tried trading robots, or EA's, you have probably been disappointed. There are a lot of lousy ones out there. However, there are also a few solid ones. One such robot recently launched in late September is Forex Crescendo.

I had the chance to pretest this robot and the results are very good. This thing pulls a steady 5% a week from the market!!

Many new traders are overwhelmed by all the information available and don't know how to get started. These automated systems can successfully trade your account, even if you have a very limited knowledge of the Forex market.

I buy almost every trading robot that comes along and put them through a lot of testing. Most of them don't do very well and I usually end up sending them back for a refund. However, sometimes they do what they are supposed to and I put them on an account trading with LOW leverage.

Robots are a great way to make money trading Forex for those that struggle with technical analysis, or traders that can't sit in front of their computers all day and night. You still need to be aware of the market particulars, but automated systems make it much easier for new traders to get started profitably.

Trading Forex is exciting and it can also be very rewarding. You are able to trade any time of the day Monday through Friday and it can be done effectively without being glued to your computer screen.

Over $3 Trillion Daily!

The reality is you need to do a little homework to be successful at this. You can learn how to claim some cash from the $3.2 trillion (according to the latest BIS report) that trade through the

Forex market every trading day, but to make money trading Forex, you need to treat it like a business and invest some of your time to achieve profitable results.

In the end, the results you get will be the product of the time and effort you put in. Do this the right way and it can change your life. If you are looking to get rich quick, Forex can do it, but it can break you just as quickly, so beware.

Typically, 95% of traders who open accounts to trade the currency market will lose all of their "investment". However, with a proper strategy, you can become a member of the successful 5%. Once you learn to make money trading Forex, the world will be a much different place for you.

Got a question you can't find the answer to? Send me a quick email from the "About the Author" page and I'll try to point you in the right direction.