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Submitted by: Brenda Maison

We always say that forex robots aren’t created equal and the same goes for forex brokers. Picking the right forex broker is one of the most important things a retail forex trader does and if you thought there were a lot of things to consider when purchasing a forex a robot, the list is even more expansive when shopping for a forex broker.

There are dozens of forex brokers to choose from, so it’s important to evaluate at least several before deciding on one. And count this as just one more forex-related project this going to require some research and homework on your part.

Now if you know that you’ll be trading with a forex robot, the first thing you need to is make sure the broker you’re already using or will use with your forex robot has a trading platform that can accommodate your particular forex robot. As a rule of thumb, most forex robots are compatible with all of the MetaTrader brokers, so you probably don’t need to worry about finding a forex broker that works with your forex robot, but just keep this little tidbit in the back of your mind.

Questions To Ask Your Prospective Forex Brokers

There are several questions you should ask the customer service teams at the forex brokers you’re considering giving your business. Of course, you should ask if their platform is easy to use and if you can run your forex robot on it. Next, ask the the broker if it is regulated and by what regulatory bodies. A very important question to ask your broker if it’s a dealing-desk broker or introductory broker. We’ll talk more about this in future articles.

Ask your broker how much leverage they give you and if they rollover interest on overnight trades. And of course inquire about any account sign-up bonuses and if the broker offers premium charting services, news feeds and related products.

What’s The Next Step?

Well, if you already have a forex robot, now you need to try the robot out with a few brokers. Ask your broker if they have mini or micro accounts so you take your forex robot for a test run. Most forex brokers offer free demo accounts, it’s actually odd to find a forex broker that doesn’t offer free simulated trading, yet we still don’t favor demo accounts as a way of testing out your forex robot.

Next, investigate the customer service of your chosen forex. Is there someone available to answer your calls and emails 24-hours a day? There should be since the forex market is a 24-hour market. Obviously, ask about the commissions. No forex broker should be charging you more than the difference between the bid and ask prices in a particular currency pair. If you like to trade on the go, ask your broker if they have mobile alerts and trading options.

Picking a forex broker is a big deal, so make sure you commit the time to finding the right one. Your forex robot may just thank you.

About the Author: Retired Canadian Economist. My main activity since Winter 2006 is trading Forex. I’ve been trading currencies online with the help of EA’s (BTW, the best source for EAs is

Forex Robots

) and I currently manage trading accounts at two Forex brokers in the US and in UK respectively

Source:

isnare.com

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By Daniel Hunter

If you want to get rich with Penny Stocks then you are going to need a strategy. Penny Stocks can a be a risky environment in which to trade but the rewards are commensurate with the risk. Penny Stocks have long been a favourite with penny stock investors due to their large percentage price moves. Penny Stocks are a volatile financial instrument and they are relatively low priced. This provides the big moves that can be profited from if correctly predicted.

Generally traders in Penny Stocks will use some form of technical analysis when deciding which stocks to trade. Technical analysis looks at the supply and demand situation for a stock, and then works out what the trends for that stock is. A trend line is usually developed for the stock. And then resistance levels and support levels are added to the picture. This will tell the trade what the range of prices the stock moves in and the trend line indicates in which direction the stock is heading.

If the penny stock breaks the resistance level it maybe an indication drops through the support level it could indicate that the stock is well priced and ready to buy. Of course the term support level is there for a reason. It may also mean that the stock is no longer supported by the market and is ready to head into free fall. This is where the art of penny stock picking comes into play. You need to understand your stock and why it is moving in the direction it is. Research here is key.

The next key thing you should understand is pivot points. Pivot points are the average of the high, low and close for the stock for that day. If you see the penny stock close above the pivot point this will set a new resistance level.

Another important concept in technical analysis is moving averages. Sometimes in the chaos of a stock moving up and down it can be difficult to see what the overall trend of that stock is. This is why you need to have moving averages. They smooth out the line and make it decipherable. Thanks to the wonders of computer technology a moving average can be calculated at the push of a button. The moving average that you will use will depend on your timeframe and the stock itself. Sometimes you may look at a five day moving average, other times a 60 day moving average is more appropriate.

A moving average is not only useful for smoothing out the lines; it can also show you crossovers. A crossover is whenever the prices move across the moving average. Traditionally it has been considered best practice to buy when the stock price moves above the moving average and to sell when the stock moves below it. There are also the terms convergence and divergence. This is where the trader examines the moving average from different time periods, such as 10 or 20 days. These are then plotted on the graphs and where they meet may indicate that a trend is ending. Typically it is better to buy if the trend has been down and sell if the trend has been up.

Technical analysis is the fundamental skill you need to master as a penny stock trader. While there will be other techniques that you will employ as a trader, understanding the basics of technical analysis is vital to your success.

About the Author: Visit

Penny Stock Investor

to find the latest tips and strategies to maximise your Penny Stock Trading Profits

Source:

isnare.com

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Automatic Forex Trading Systems – Is It Possible To Make 100% A Month With Forex Expert Advisors?

by

Thad B.

If you’re interested in Forex trading as a stream of passive income, you will know that there are thousands of websites out there advertising Forex expert advisors that promise 100% per month returns. From a marketing point of view, that alone serves to sell lots of systems because it appeals to one of our basic human weaknesses: greed.

You’ve probably asked yourself, and others: Is it really possible to make 100% a month with Forex expert advisors? By the end of this article, you will know which automatic Forex trading systems will give you a safe, consistent, long term profit, and which Forex expert advisors will destroy your account.

If you’ve ever tried any of the many Forex expert advisors out there that promise you a return of 100% or more each month, you may have successfully doubled your profit once or twice, and then suffered one or two big losses that completely wiped out your account. Regardless of what any automatic Forex trading systems developer might claim, you’re not alone. In fact, thousands of people have experienced exactly what you have gone through, for one simple reason.

The thing is, every Forex expert advisor can double or even triple your money in a very short period of time. That’s not the issue. The issue is that they are designed to specifically take huge risks to achieve these extreme returns. What the people selling these Forex expert advisors will never tell you is that you’re just as likely to lose your deposit as achieve the promised return. Shocking, isn’t it?

That’s right, you can be sure that if you apply any of these 100% per month Forex expert advisors, you will blow out your trading account and lose all of your hard earned capital. You may double your money two or three times, then wake up one morning and find that you’ve lost it all and more in one bad trade. It’s just not worth the risk.

If you’re looking for safe and consistent trading profits each and every month, then the best Forex expert advisor for you is one that aims for a lower return with a lower risk. Automatic Forex trading systems that deliver a 5-10% per month return for years are far better than systems that are here today and gone tomorrow.

So is it possible to double your money with Forex expert advisors? Yes, but the best Forex expert advisor for your account balance is one that doesn’t try to do that in a month. Look for safe, consistent, long-term returns and not a quick and easy buck.

Thad B. is a Professional Trading Systems Developer who has developed and managed dozens of profitable trading system over the years for a private hedge fund.

For an in depth guide on how to choose the best

Automatic Forex Trading Systems

to meet your financial goals, get his free report: The Truth About

Forex Trading Systems

.

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Automatic Forex Trading Systems – Is It Possible To Make 100% A Month With Forex Expert Advisors?