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Forex or Foreign Exchange is the largest financial market in the world with around 3 trillion dollars exchanging hands per day. In the last decade this market has opened up to retail (small) traders, before 2000 it was mainly large banks and corporations that utilized the currency market.

Reviewing the latest Forex trading robot is not as simple as writing up a review of the latest iPod. Information on these machines is not readily available on the internet, and it takes a great deal of experimenting and research in order to find the abilities and outcome of the machine.

The number one problem among new Forex traders is that they let their emotions get the best of them. The industry is filled with solutions to this issue, but the most stable and effective answer is trading with a professional Forex trading strategy and taking it one step further, using Forex automated systems.

You can make so much money in the forex by trading news. I mean, where else could you make 10%, 20%, 50% of your money in just a few minutes? Trading forex news releases can be everything you imagine in trading – fun, exciting, heart-pounding, instant, daring, and profitable – if you know how to do it right!

It’s estimated that 95% of all forex traders will lose money and give up within the first 2 years. Those are terrible odds. This article will look at the key reasons from the perspective of a winning trader who used to lose consistently.

Scalping the forex market is a very time-consuming and tedious way to trade, but there are people that make an absolute killing at it. There was a guy on CNBC not long ago who made $300k a month scalping the markets – not only the forex, but other markets as well. If you have the time, energy, and know-how, scalping can work out very well for you.

Scaling in and out of trades is an important concept that many traders need to add to their arsenal. Determining where the market is going is hard enough; also determining the timing of the market is near impossible. So why do most traders enter a trade with all their guns blazing with nothing left in reserve if they are wrong?

You know, successfully trading the forex is nothing more than finding a reproducible, repeatable pattern that gives you a better chance of making money than losing money. That is all a trading system is supposed to be – a guide to follow that puts the odds of winning in your favor. Today, I want to share with you a simple trading system that I have had good luck with.