Finance Tips

I often come up against forex robot sellers on the various forums out there and I am always amazed how far they will go to prove they have a profitable system. They will often post multiple metatrader demo accounts, quote the “outstanding” strike rate and continuously post spam comments across the various forums.

The most notable problem I have with these people is that they, nine times out of ten, do not trade the robot for real. It’s all based on demo accounts. Even my attempts to get these people to provide real trading accounts by offering a financial incentive or free advertising on this site have all failed.

The problem with not using a real account to test these system is that there will be issues with fills that you won’t get on a demo especially on forex trading. Ultimately you are trading through a broker and on an open market and you order will not get filled at the price you would on a demo where you get automatic fills. Continue reading ‘Problems With Forex Robot Trading Systems’ »

Day trading 101, education and knowledge keys to success. In the world of finances there are many things to be aware of before making that first, initial trade. While that is true with all types of trading, it is especially true for the day trader. There is no way to just “feel” your way through day trading, especially with all of the new regulations and rules that seem to be handed down and changed daily. What was permissible yesterday is a SEC violation today- not knowing is not an excuse, especially when we are talking hundreds of thousands of dollars here. There are many things to know to be a successful and above the board day trader, not knowing them can mean more than financial loss.

Of course, you know among the styles of trading, day trading is considered one of the riskiest- it is a fast paced, white knuckled ride in a Lamborghini Diablo, where other styles of trading can be more like a sedate cruise in a Cadillac. Either way, you have to nowhere you are going lest you wind up broken down along side the financial highway. Education is the key that will allow you to drive that supercharged roadster right to the gates of financial success. Continue reading ‘Day Trading 101, Education And Knowledge Keys To Success’ »