Mar 16, 2020
Forex expert advisors are computer programs that are designed to auto trade your account. In fact, they can be set to run 24 hours a day for 7 days a week. They can really produce some decent profits, or if you get a hold of a bad one, you'll quickly "blow up" a live forex account if you don't watch it.
However, isn't the purpose of an auto trading ea (expert advisor) supposed to get you off of your computer and enjoying your profits? I guess that's what most advisor programmers would have you believe.
In fact, there are only a handful of robots out there that are profitable. Here is a list of tips and characteristics to look for in any robot you may choose to run on either a demo account or a live account.
1. First and foremost the program should be tested on a live trading account, using "real" money. Too many of them are only back-tested. Well, as you already know, hindsight is always 20/20, so it's easy to design an EA that would have been profitable in the past. But the truth remains that it's impossible to predict the future.
That's why any expert advisor you choose should be thoroughly tested. There is currently one on the market that has over a 95% win ratio and the programmers are posting their trading data live in real time on the site. They started with £5,000 and as of the writing of this article, the account was up to £70,000 plus. And that was only after 70 days or so. If you run across this package, you'll quickly see the value in this type of FX auto trading.
2. Choose software that has over 80% success rate. This will help you to minimise your losses. The bottom line of this money management technique is that you win way more trades than you lose. And some of them even have built in loss protection that will limit your losses and let your profits run. This is really the setting that allows you to set and forget your software.
3. Scalping FX markets can really help to add up some profits real quick. This is where the forex auto trading system makes multiple trades throughout the day just taking 15 or 20 pips here and there. In some cases you can rack up 100 pips per day fairly easily. The amount of profit this adds up to depends on the level of margin you're trading with.
Well, there you have it. Those three items to look for will really help you sort through all the hype. But don't be afraid of hype. Think about it, if there is a robot that has some pretty hyped up claims, but they can be backed up with real time trading results, you should expect some amount of hype to be associated with it.
Think if you were the one to program this auto trading software. Wouldn't you really want everyone to know? How much do you think you would sell it for? £1,000, £5,000?
Well, you'd be surprised to find out that these programs really don't cost much at all. In fact, you can pick up a really good product for under £200 in most cases. And you usually get free lifetime updates as the developers modify the software.
A high-class foreign currency exchange managed trading group will create phenomenal return on investment however large the expenses are and varieties of accounts, so they are a superb investment.
Feb 6, 2020
We all have to eat, sleep, pay our taxes (uh), and most of us have to work. With the economy in the dumps, most people are staying at home and NOT spending money on non- essentials.
At the very least, what is considered to be essential has changed. Other than eating and sleeping, the two things which most Brits will spend money on is kids and pets, and not necessarily in that order (just kidding).
Businesses that are holding up reasonably well, and in some cases very well in the current economy, are those that cater to children and/or pets.
As a franchise development and sales consultant, I'm in close contact with my clients who tell me exactly what's going on in their world. You would be surprised how well many of them are doing.
As time goes on I'll be submitting more articles about businesses that do well in tough economic times.
People love their pets. One business that continues to do well in spite of the current economy is home based dog training. One of my client's which has recently franchised trains dogs in their owners' homes.
In home dog training is thriving even in the current economy. People are staying home more and going out less, spending more time at home "with" their dogs.
Many of us will sacrifice for our pets as they are more than just companions; they're members of our family. In times when things are not good economically, even though a dog is an expense, most people do not look at it that way.
Based on what I have been seeing the last few months, there seems to be a lot of business out there for anyone that knows what they are doing in the dog training space.
This franchise business however is a lot more than just training dogs; it is a business. In order to have the highest probability of success one must understand what the business entails.
If a person sells hamburgers, of course the hamburgers must be good, but there's a lot more to being a successful hamburger franchise than just making a decent burger. You must understand and execute the "burger business." Professional dog training is no different.
There are many ways to learn to become a dog trainer, but just graduating from dog training school does not mean a person will be successful making a living as one. Like all businesses there is sales, marketing, and operations to consider.
Without these a dog trainer is just a person that knows how to train dogs, not necessarily a person that makes enough to pay their bills in that business.
Franchises are complete business systems. This is just one of many reasons why franchising is so attractive and successful compared to starting a business by oneself.
Professional in-home dog trainers generally earn between £400 and £600 per dog trained. This is usually accomplished in one to three sessions lasting on average a couple of hours. One does not need an advanced math degree to realize a person can make a pretty good living as a competent professional dog trainer.
In looking at buying a pet franchise, one should only consider those franchise concepts that are based on businesses that have a significant operating history.
Franchises by their very definition are proven business concepts. It takes time to be considered "proven." In my next article I'll talk about kid-focused franchises and some of the opportunities in that space.
Aug 6, 2019
5 Tips On Investing For Beginners By Warren Buffett - Warren Buffett Investment Strategy How To Become A Millionaire: Index Fund Investing For Beginners How to Properly Manage Your Money Like the Rich | Tom Ferry
Aug 6, 2019
There are many ways to make money trading Forex and most of them involve many years of research and hard work, just like every other lucrative business does. A Managed Forex Account will enable you to cut corners and jump straight to the desired results, without wasting your time, energy and money, with trial and error techniques.
Basically, you will trust an expert with your account and capitalise on his extensive experience while you try to catch up. It is possible to earn while you learn and no matter how little you know about foreign currency a Managed Forex Account can help you stay profitable. The one who will manage your account should be both reliable and competent, because by depending on his skills and ethics you will thrive or lose your bankroll. It takes years for a trader to accumulate enough experience to beat the odds and the Forex Managed Accounts solves the issue faster.
Your responsibility is limited to choosing the right person for the job, with the latter taking care of all the technical elements. These guys have seen many interesting situations during their lengthy career and they will not be surprised by the variations that usually sweep rookies off their feet. Capable of determining the strength of the trade and predict its reversal, a seasoned trader will grew your Managed Forex Account faster and safer than you would.
They are just as interested in making profit as you are, because they will receive a commission or a flat fee and they wouldn’t want to lose you as customer. On your part, there is little that you are required to do, with all the stress and pressure being lifted off your shoulders, even during those periods of intense volatility. You will be able to monitor the Forex Managed Account all the time, just to make sure that you are on an upswing and to see how the manager is faring.
In most businesses, the more money you win, the more time you have to spend working, but with a Managed Forex Account, this is not the case. You will be just as free and careless no matter how much the profits mount, because the one managing the account will remain in charge. He will have no problem in implementing a long term strategy, so that the Forex Managed Account will remain immune to sudden market changes.
Aug 6, 2019
As you have no doubt noticed, one of the hot topics in investments these days is the foreign exchange market, also known as forex. Traditionally, commercial banks and government central banks have held a significant amount of territory in this area of investment, but more and more individuals are deciding that the forex market is an attractive option.
One of the main reasons for this huge leap in popularity is the fact that trading can take place literally 24-hours a day in addition to this being a very large and quite liquid market. If you’re considering getting involved in the foreign exchange market, there are a few tips you should keep in mind.
First, understand that as with any other type of investment it doesn’t make sense to wade in without first doing your homework and that means finding a broker before you do anything else.
When you’re shopping around, be sure to find out whether your top choices is regulated in a major country or not. The more countries in which they are regulated, the better. You should also give consideration to the type of support they provide. Since this is a market that is open all day and all night, look for someone that offers 24-hour support.
It is also important to find out the size of their staff. You might think that small companies can give you a personal touch but the truth of the matter is that you want a company with enough employees to ensure all of your needs are met without the need to wait in line.
When performing your research, be sure to take the time to find out as much as possible. Futures commission merchants that are registered in the United States are required to submit financial reports on a monthly basis as well as meet financial standards that are quite strict.
Under the Commodity Futures Trading Commission, you can gain access to all of the most recent financial statements filed by futures commission merchants registered in the United States as well as obtain information about other matters regarding their business transactions.
One way you can protect yourself even further is to open a trial account with a selected broker before you go for the real thing. A large number of brokers allow you to open what is known as a demo account.
This will allow you to play around with trading strategies and find out what works best for you. Of course, you won’t be trading with real money, but this will allow you to learn by trial and error without the heavy consequence of possibly losing your funds.
Taking the time to do your research up front can not only help you to learn more about the foreign exchange market but may potentially save you a lot as well.