What’s different about Forex Supersonic is that they are giving away the exact strategy that is behind the software for free so you can examine it, test it and use it. The robot then picks it up and trades automatically.
The trading performance proof is rather scarce for this EA – there are only a few screenshots and a few excerpts from the statements. But to believe the proof that we do get, it shows an 80% winning rate with a 15% drawdown and a risk/award ratio below 1. Those are good numbers that would indicate a possibly solid strategy.Besides the standard EA, there’s also an upsell of an advanced EA, an EA for extra currency pairs and an advanced trading strategy.
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Those that do know what Forex trading is all about usually come to love the excitement trading can bring and several of these people go on to devote their whole lives to the skill.
It could be said that regardless of whether you have even heard of Forex trading before, the chances are you have already done it in one form or another without actually realizing it.
If you have ever been to a foreign country before and had to exchange currencies at your local bank then you have already taken part in Forex albeit in a far less profitable, less exciting and less lucrative way.
The term Forex is derived from the words 'Foreign' and 'Exchange' and quite simple means to take part in trades involving the exchange of one countries currency with another. Other terms often used to refer to Forex include 'Spot FX' or simply 'FX'.
Of course there are some major differences and benefits from trading Forex online through established brokers over simple currency exchange for your holiday, yet the core principles are the same.
Currency rates are forever fluctuating depending on supply and demand and economic and political influences in countries all over the world. The aim of any Forex trader is to spot which currency will next rise or fall in value against another currency.
Since profit can be made from both increases and decreases in a currency it means the Forex market is extremely appealing and potentially very lucrative for anyone willing to give it a go.
You can think of Forex as the currency equivalent of stocks and shares although it should also be noted that Forex has many big advantages over stock trading.
As mentioned money can be made no matter whether a currency rises or falls, Forex is traded with a leverage which means if you trade with say $100 you do not get $100 of currency, you will get many times more than this perhaps as much as $40,000.
This does not mean you physically have $40,000 for a $100 deposit but rather that you can earn a percentage of that $40,000 if the currency fluctuates in your preferred direction.
This is useful because in Forex currency trading fluctuations are
often merely fractions of a cent. With a high
leverage you are able to profit much more
substantially from these small fluctuations than you
would if you had no leverage and only a small amount to
trade.
Therefore, the leverage means that even with only small amounts of money you can still quickly earn big profits from trading Forex online!
This is not a luxury that any other form of trading can usually offer. What's more you can now open mini Forex accounts online with less than $100 leaving Forex trading open for anyone to take part.
Despite the fact that stocks and shares is more commonly known and understood than Forex currency trading, the Forex market remains the worlds largest trading market with more than 1.8 Trillion dollars trading hands on a daily basis.
It is the fantastic benefits and earning potential of Forex that makes it such an attractive proposition to both individuals and major corporations.
It is no secret that multinational banks have been trading the Forex market for years, many rely on it for a substantial income stream that allows them to be much more competitive in the key areas of their business.
In summary then, Forex trading is all about trading currencies and benefiting from fluctuations in exchange rates. It is surprisingly easy to learn Forex trading and begin making profits, however, we must stress that before rushing to deposit money and start trading you should ensure you fully understand the market.
Forex Trading Offers Huge Earning Potential
Forex currency exchange trading is one of the fastest growing trade markets in the world. It is also the biggest with an estimated 1.8 trillion dollars being exchanged every single day.With these stats to it's name it should come as no surprise that one of the major reasons for this exponential growth is the fact that Forex trading offers incredible earning potential.
This is also why large multi-national corporations have been
investing in foreign exchange for years and more
and more individuals are utilizing currency trading to supplement
their incomes and some are even living purely off the
profits they make.
Incredible Forex Leverage Ratios
So why does Forex trading offer such incredible earning potential? Well firstly the currency exchange market operates through brokers who offer some significant leverage ratios to their traders.
For example, you decide to purchase 10,000 US Dollars against Japanese Yen at 125.00. Next day you sell 10,000 US dollars and buy Yen at 126.00 making a profit of approximately $79. To fund this position you need a deposit of $100 not $10,000 since the rest of the amount is leveraged to you by your Forex broker.
If you were to try and trade without any form of leverage you would make very minimal profits and it would not be worth your time trading.
This is the beauty of Forex trading, any individual trader, no
matter what their starting capital, can experience the
thrill ride of trading large amounts of currency and
making big profits without depositing thousands
of dollars.
Massive Earning Potential
Another factor that lends itself favorably to the earning potential of Forex trading is the fact that the market is open 24 hours a day. As one market is closing another is opening, Forex literally follows the sun around the earth - where the sun is shining the Forex is trading! This means you can be making profit 24 hours a day on Forex, particularly if you make use of an automated trading system.
The speed at which things change in Forex is also a major factor behind why currency exchange can be so profitable. Barely a second goes by without currency changing in value.
Unlike stocks are shares where you can be sitting on a trade for month, even years, waiting for the price to move favorably, currencies can make you a substantial profit within minutes or even seconds of you commencing a trade.
There are also no expensive commission fees to
pay anyone in Forex. Brokers make their money from the difference
between the buy and sell price of a currency. This means you
never need to concern yourself with the thought that you will
lose some of your profits to your broker -
whatever you earn you can keep!
Mini Forex Accounts
Until recently anyone wishing to trade the Forex market needed thousands of dollars just to open an account. This put the market out of reach for anyone other than large businesses and cash rich individuals.
Nowadays, mostly thanks to the advancement of technology such as the Internet, many Forex brokers are offering mini Forex accounts that can typically be opened and traded with just $100. This has opened up Forex to practically anyone who has an interest in currency trading.
These mini accounts are set to help the foreign exchange become the worlds most popular trading activity. Everyone from students and housewives right up to millionnaire entrepeneurs can now trade the Forex on a mini account and still make large profits.
Of course, Forex Pro accounts still tend to
offer more features and higher chances of truly massive
profits but these accounts typically need a few
thousand dollars to open and so are out of reach for the
majority of new traders.
Forex Mini Accounts are Perfect for New Traders
With a Forex mini account you can expect low minimum deposits of as little as $100 which can usually be deposited through bank transfer or Credit Card, sometimes even Debit Cards which is obviously very advantageous.
The idea of a Forex mini account is that it allows a new trader to get started in currency trading with small amounts until they gain the confidence, experience and profits to be able to tackle a professional account and make the really big money.
To help you do this many mini accounts come packaged with a variety of support tools from simple charting right through to personal 1 to 1 tuition. The software of the mini account is usually very easy to use since its main user is the inexperienced trader and there are usually measures in place to help you manage your trading and avoid any significant losses.
A mini Forex account will still offer you good leverages (often up to 200:1) and competitive pip spreads (3-5 is the typical) so you can still make big profits while you learn the fundamentals of trading and work on developing your own Forex strategy.
A mini Forex account is best for those who intend on depositing less than $1,000 and for those who are new to online currency exchange. We always stress that it is important to learn to run before you walk in Forex and for that reason when starting to trade you should ideally start by opening a mini account with a reputable Forex broker.
Automated Forex for Easy Trading
Automated forex trading is defined as the ability to trade forex with the help of a trading program or solution. This type of trading offers the opportunity of diversification to the trader which is most important to capitalize from a market that operates 24 hours a day.Automated trading makes possible for you to trade in different markets, and also in diverse time zones. You can systematize a multiple trading model and use the automated system to scrutinize short-term data.
You can use this data to find out how the market will move in next 15 minutes or half an hour, and can take the decision accordingly.
Automated trading can be broadly classified into two categories: first - through managed Forex where the trading program executes the trades rather than a human team, and the second is - an independent program in which you can select parameters according to your choice.
Automated Trading+ Signal Alerts = Profitable Forex
An automated trading system can have automatic Forex Signal Alerts that continuously monitor the market for high-probability real-time buy and sell opportunities. This includes precise trade entry and exit signals with a built-in automated trailing stop-losses option.
The system can notify you by email or phone instantly. It can have audio or visual alarms whenever a forex signal is generated. The systems are backed with forex charting software in which you can visualize the movement of the market.
The success of automated trading lies into its capability to conduct the trade in real time, which is almost impractical for a manual or physical trader.
Decisions are executed in milliseconds and that poses an edge over any manual trading systems. Another major problem that can be greatly helped or avoided with automated trading is that it does not demand the physical presence of the trader.
Automated Forex Trading- The Advantages
Personalize Your Automated Trading System
Automated trading software allows you to cancel all open orders and flatten all positions automatically at the end of the day. So it works perfectly for a day trader.
You can find constant updates of order status like Filled, Cancelled, and Placed round the clock for a quick operation.
You can personalize the automated trading system to work on Mathematical, Arbitrage or Risk management models with incorporating streaming executable prices.
For example you can place 20 orders at any one point of time and you can program them with different parameters.
With a convenient user interface you can work manually at the same time. You need not to have any programming skill to work in theses systems. But you must enquire beforehand to check the historical or back tested performance of the system to ensure that the system is going to work satisfactorily for you.
MORE PROFITS
IN FOREX MARKET FOR YOU !