Forex Robot Trading for Beginners

Click Link for Forex market for beginners http://www.theticketstream.com/forex7 How do the Forex rates affect our typical life? Let me give you an example, say you have changed $2,000 US dollars into $2,200 Australian dollars (exchange rate at 1 AUD = 0.90 USD) for a vacation, but you didn’t spend them all. You only spent half and decided to convert the Australian dollars back to US dollars when you are back to home! So, probably by then, the exchange rate has changed to 1 AUD = 1.10 USD, which means you would get back about $1,210 US dollars. As a result, instead of spending half of your initial $2,000 US dollars, you have literally bought stuff or services worth about $1,000 US dollars with just $790 US dollars! Do you get it?Of course, when trading in the real Forex markets, we do not change currency notes with money changers or at those bank counters. With the advance in technology and Internet connectivity, we can simply open a trading account with any Forex broker and start trading as soon as your account is funded. Also, as most Forex brokers are willing to offer generous leverage (from as low as 1:10 to as high as 1:500), you can to start trading with just a couple hundred of dollars, and roll your profits for more and more accounts.Perhaps some of you already have experience in stock trading. The Forex trading varies from stock trading in the sense that a Forex trader is not restricted to trade currency of his own country. The trader can literally trade any pair of currencies regardless of where he lives, so long as trading of the currency pair is offered by his Forex broker.As the Forex markets work 24 hours a day and 5 days a week, they are international and not bound by time zone differences. One can literally trade from Monday morning in Tokyo to Friday afternoon in New York. Because of this market nature, Forex robot, or commonly known as automated trading systems are best to put to use in this area to reap some decent profits for traders, even when the trader is sleeping soundly in the middle of the night.When you look at the Forex broker’s currency rates, each currency is represented by 3 alphabetical letters: USD for US dollar, AUD for Australian dollar, JPY for Japanese Yen, GBP for Great British Pound, EUR for Euro, CHF for Swiss Franc, CAD for Canadian dollar, etc. The exchange rate for each currency pair is expressed in this format: [base currency]/[counter currency] [amount]. For example, “”GBP/USD 1.6550″” simply means GBP $1 = USD $1.6550.To sum it up, I hope this two-part series of ‘Forex Robot Trading for Beginners’ gave you a better understanding of what and how Forex robot trading is like. Of course, if you’re reading this article because you are interested in getting started, your journey has just begun. Can Forex robot trading really makes you consistent incomes month after month? The answer is surely, but it depends on how much you have equipped yourself with some of the secrets, tips and techniques in Forex robot trading.PS: If you want to start out in Forex trading, you will need to look for a reputable Forex broker. There are a few areas to pay attention, like which standard a Forex broker is regulated by, type of accounts, leverages, minimum/maximum balances to maintain a trading account, etc. You should compare and choose carefully among more reputable Forex brokers that you can trust them with your money.PPS: You will probably also want to use a Forex robot to perform automatic trading for you. There are many automated Forex trading software on the market that claim to make sometimes unbelievable return on capital. Before you look elsewhere, be sure to check out our other Forex Robot Secrets articles and personal Forex Robot reviews as well to better protect yourself from falling victim to those scams.

[00:00:55] forex indicators for beginners,forex investing for beginners,forex lessons for beginners,forex leverage for beginners,

[00:01:35] forex trading software for beginners,forex trading strategies for beginners,forex trading system for beginners,

Click Link for expert Tips! http://www.theticketstream.com/forex3

via WordPress http://tomrickman.wordpress.com/2013/10/05/forex-robot-trading-for-beginners/