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Forex-trading-software---finding-advanced-software-for-big-profits
By kelly price
With the rise of online forex trading, we have seen the rise of forex trading software offered and many forex traders are looking for automated forex trading software to help them win and this article is about how to find the best systems...
Lets first start with a fact which many traders don't think about, here it is and it will give you a clue to which are the best forex trading software packages.
Fact:
In the last 40 odd years since man landed on the moon the PC on your desk is far quicker, has more processing power and can do calculations quicker than Mission Control Houston. Yet, despite all the advances in technology that have occurred in the period the same number of traders lose as they did in 1967.
So it would appear that the application of complex advanced formula's to forex trading haven't helped achieve greater profits and this is true; simple systems today work better than complicated ones and the reason is obvious:
There is no point in applying scientific theory to forex price history, when prices don't move to a scientific formula.
Many claim they do - but it's obvious they don't, because if they did, we would all know the price in advance and there would actually be no market!
Simple forex trading systems work best, as they are more robust in the face of ever changing brutal market conditions, with fewer elements to break.
I hear a lot about chaos theory, neural networks and artificial intelligence and sure these are great help in certain areas of society but in forex markets? There no help at all.
Advances in science are astounding and because they help us in certain areas of life traders think the appliance of science can help in the markets and it makes them feel comfortable, until they lose their money.
How to Win
You need to
Euro shows decline amid Greek talks concerns
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<a href="http://www.fxstreet.com/fundamental/market-view/fundamental-currenciescomments/2012-02-07.html" style="font-size:1.2em">Euro shows decline amid Greek talks concerns</a>
<br> <span style="color:#888888;">FXstreet.com</span> - <span style="white-space:nowrap">7 minutes ago </span>
<div style="width:80%;">by ecPulse.com analysis team - ecPulse.com | View company's profile The euro showed some decline against majors on concerns Greek political leaders may not reach consensus regarding the further spending cuts needed to receive a second bailout worth 130 ...</div>
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Weaker euro benefits Finnish exports, as big trade deficit is announced for 2011
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<a href="http://www.hs.fi/english/article/Weaker+euro+benefits+Finnish+exports+as+big+trade+deficit+is+announced+for+2011/1135270350779" style="font-size:1.2em">Weaker euro benefits Finnish exports, as big trade deficit is announced for 2011</a>
<br> <span style="color:#888888;">Helsingin Sanomat</span> - <span style="white-space:nowrap">17 minutes ago </span>
<div style="width:80%;">The weakening of the euro will significantly improve the competitiveness of Finland's export industry, says Pasi Holm, Managing Director of the Pellervo Economic Research (PTT).</div>
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Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b>
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<a href="http://www.bestsyndication.com/?q=20120206_futures_forex_signals_gold_euro_dollar_yen.htm" style="font-size:1.2em">Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">1 hour ago </span>
<div style="width:80%;">(Best Syndication News) Brent crude oil advanced today as tensions between Iran and the United States continued to fester (see forex and commodities charts below).</div>
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Forex Flash: EUR/USD estimated downside to 1.1500 end of 2012 ? UBS
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<a href="http://community.nasdaq.com/News/2012-02/forex-flash-eurusd-estimated-downside-to-11500-end-of-2012-ubs.aspx?storyid=118984" style="font-size:1.2em">Forex Flash: EUR/USD estimated downside to 1.1500 end of 2012 ? UBS</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">1 hour ago </span>
<div style="width:80%;">FXstreet.com (Barcelona) - January witnessed the bloc currency surge from sub 1.2650 levels to the 1.3230 region. Better-than-expected key economic indicators in the euro zone, successful bond and T-bill auctions in Germany and peripheral debt markets ...</div>
<a href="http://www.thestreet.com/story/11403437/1/euro-reversal-to-gather-pace-ahead-of-ecb-sterling-holds-tight-range.html">Euro Reversal To Gather Pace Ahead Of ECB, Sterling Holds Tight Range</a> - <span style="color:#888888">TheStreet.com</span><br>
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Greece sells 812 mln euros of T-bills, yield eases
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<a href="http://www.reuters.com/article/2012/02/07/greece-tbills-idUSL5E8D724720120207" style="font-size:1.2em">Greece sells 812 mln euros of T-bills, yield eases</a>
<br> <span style="color:#888888;">Reuters</span> - <span style="white-space:nowrap">1 hour ago </span>
<div style="width:80%;">* Yield drops 4 basis points to 4.86 pct * Bid-cover 2.72 vs 2.80 in Jan * Needs to roll over 1.0 bln eur of T-bills Feb 10 ATHENS, Feb 7 (Reuters) - Greece sold 812.5 million euros ($1.06 billion) of six-month T-bills on Tuesday to fund the rollover ...</div>
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German Industrial Production Holds Key to Euro's Day
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<a href="http://www.fxstreet.com/fundamental/analysis-reports/daily-trading-analysis-/2012-02-07.html" style="font-size:1.2em">German Industrial Production Holds Key to Euro's Day</a>
<br> <span style="color:#888888;">FXstreet.com</span> - <span style="white-space:nowrap">2 hours ago </span>
<div style="width:80%;">by Marcio Pereira - Tradervox.com | View company's profile One of the most difficult things to do in trading is adapting your positions on the opening of the US markets.</div>
<a href="http://www.ibtimes.com/articles/294098/20120207/eur-usd-weakens-on-prolonged-greek-issue.htm">EUR/USD Weakens On Prolonged Greek Issue</a> - <span style="color:#888888">International Business Times</span><br>
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The EUR/USD cross rate drifted lower in Asia yesterday
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<a href="http://www.fxstreet.com/fundamental/market-view/sunrise-market-commentary-currencies/2012-02-07.html" style="font-size:1.2em">The EUR/USD cross rate drifted lower in Asia yesterday</a>
<br> <span style="color:#888888;">FXstreet.com</span> - <span style="white-space:nowrap">4 hours ago </span>
<div style="width:80%;">by KBC Market Research Desk - KBC Bank | View company's profile On Monday, uncertainty on the outcome of the Greek debt negations provided the perfect excuse for profit taking on the recent risk rally.</div>
<a href="http://www.forexyard.com/en/market-analysis/lack_of_greek_deal_sends_eur_tumbling-2012-02-07">Lack of Greek Deal Sends EUR Tumbling</a> - <span style="color:#888888">Forexyard</span><br>
<a href="http://www.forexpros.com/analysis/greece-talks-extended,-euro-holding-above-1.3000-113275">Greece Talks Extended, Euro Holding Above 1.3000</a> - <span style="color:#888888">Forex Pros</span><br>
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EUR/GBP Forecast February 7, 2012, Technical Analysis
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<a href="http://www.fxempire.com/technical/technical-analysis-reports/eurgbp-forecast-february-7-2012-technical-analysis/" style="font-size:1.2em">EUR/GBP Forecast February 7, 2012, Technical Analysis</a>
<br> <span style="color:#888888;">FX Empire</span> - <span style="white-space:nowrap">5 hours ago </span>
<div style="width:80%;">EUR/GBP fell most of Monday as the Euro got sold off. However, later in the day saw the Euro get a bit of a reprieve by the Americans, and this pair rose as a result.</div>
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Ageas Outlines Settlement Impact With Fortis Bank And BNP Paribas - Quick Facts
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<a href="http://www.nasdaq.com/article/ageas-outlines-settlement-impact-with-fortis-bank-and-bnp-paribas---quick-facts-20120207-00062" style="font-size:1.2em">Ageas Outlines Settlement Impact With Fortis Bank And BNP Paribas - Quick Facts</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">5 hours ago </span>
<div style="width:80%;">(RTTNews.com) - International insurance company Ageas (AGESY.PK) Tuesday outlined the impact of the settlement with Fortis Bank and BNP Paribas.</div>
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Daily Report: Aussie Soars after RBA Pause, Euro Soft on Greece
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<a href="http://www.actionforex.com/action-insight/market-overview/daily-report:-aussie-soars-after-rba-pause,-euro-soft-on-greece-20120207159008/" style="font-size:1.2em">Daily Report: Aussie Soars after RBA Pause, Euro Soft on Greece</a>
<br> <span style="color:#888888;">Action Forex</span> - <span style="white-space:nowrap">6 hours ago </span>
<div style="width:80%;">Aussie jumps sharply today and hit new record high against Euro after RBA unexpected left rates unchanged at 4.25%. The RBA unexpectedly left the cash rate unchanged at 4.25% in February, in contrast with consensus of a rate cut by -25 bps.</div>
<a href="http://www.ibtimes.com/articles/293874/20120206/weekly-summary-usd-eur-gbp-jpy-aud.htm">Weekly Summary on USD, EUR, GBP, JPY, AUD, CAD, MXN and RMB</a> - <span style="color:#888888">International Business Times</span><br>
<a href="http://www.finnewsnetwork.com.au/BrokerCommentry/659/FX-Technical-Outlook-%7C%7C%7C-Monday-6th-February">FX Technical Outlook - Monday 6th February</a> - <span style="color:#888888">Finance News Network</span><br>
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get a simple forex trading system based upon a few indicators and then trade it with discipline. I have used the SAME system for 25 years and never changed it its simple, it takes losses but over the longer term, I know it will win and the trick is to accept your losses, run your profits and don't look for perfection in your trading, look for long term profits.
Today traders want to take on and beat the market and have no drawdown and huge gains and the myth this can achieved is perpetrated by vendors selling useless forex robots which have simulated paper track records and destroy equity.
If you want a simple robust forex trading software that works look up our other articles on the "4 Week Rule" this forex trading system has only one rule is free and has piled up countless millions in trading profits in the 30 + years its been trading.
Forex trading with advanced software, is one of the biggest forex trading myths, the reality is keep it simple if you want to enjoy success with your forex trading strategy and make big consistent profits. Article Source: http://www.upublish.info About the Author:
kelly price
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Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b>
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<a href="http://www.bestsyndication.com/?q=20120206_futures_forex_signals_gold_euro_dollar_yen.htm" style="font-size:1.2em">Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">1 hour ago </span>
<div style="width:80%;">(Best Syndication News) Brent crude oil advanced today as tensions between Iran and the United States continued to fester (see forex and commodities charts below).</div>
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British Pound Sterling: Currency continues advance against EUR, safe haven <b>...</b>
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<a href="http://www.euro-exchangerate.com/british-pound-eur-safe-haven-06021355.html" style="font-size:1.2em">British Pound Sterling: Currency continues advance against EUR, safe haven <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">22 hours ago </span>
<div style="width:80%;">The Pound continued its advance against the Euro this morning, but the UK currency declined for a second day versus the US Dollar, as market speculation escalates over the prospect of further quantitative easing from the Bank of England this week.</div>
<a href="http://www.economy-news.co.uk/british-pound-sterling/1097-british-pound-up-as-eco-data-provides-a-boost-43534543">British Pound Sterling | Currency News Views and Outlook</a> - <span style="color:#888888">Economy News</span><br>
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Forex Trading and Currency Exchange Rates ? USD/JPY rises as EUR/USD drops
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<a href="http://www.bestsyndication.com/?q=20120205_forex_signals_usd_jpy_eur.htm" style="font-size:1.2em">Forex Trading and Currency Exchange Rates ? USD/JPY rises as EUR/USD drops</a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">Feb 6, 2012 </span>
<div style="width:80%;">(Best Syndication News) The dollar is trending higher early Monday as stock markets in Europe open lower (see forex tables below).</div>
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Currency Futures: Forex Speculators cut US Dollar bets. Aussie, Kiwi & Peso <b>...</b>
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<a href="http://countingpips.com/fx/2012/02/05/currency-futures-forex-speculators-cut-us-dollar-bets-aussie-kiwi-peso-positions-continue-rise/" style="font-size:1.2em">Currency Futures: Forex Speculators cut US Dollar bets. Aussie, Kiwi & Peso <b>...</b></a>
<br> <span style="color:#888888;">CountingPips (blog)</span> - <span style="white-space:nowrap">Feb 5, 2012 </span>
<div style="width:80%;">By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators cut back on their US dollar long positions last week and Euro short ...</div>
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Forex Trading and Commodities ? Gold and Silver Prices Advance while USD was <b>...</b>
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<a href="http://www.bestsyndication.com/?q=20120202_forex_signals_futures_gold_silver.htm" style="font-size:1.2em">Forex Trading and Commodities ? Gold and Silver Prices Advance while USD was <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">(Best Syndication News) Gold prices jumped again today as traders took advantage of the long-term policy signals from the Federal Reserve (see forex and futures charts below).</div>
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British Pound Sterling: Currency in 10-week high vs USD while falls vs EUR <b>...</b>
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<a href="http://www.euro-exchangerate.com/british-pound-high-vs-us-dollar-01021330.html" style="font-size:1.2em">British Pound Sterling: Currency in 10-week high vs USD while falls vs EUR <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Feb 1, 2012 </span>
<div style="width:80%;">Also boosting the pound sterling is news that UK manufacturing kicked back into life in January. British Pound Sterling (GBP) in US Dollar (USD): GBPUSD is unchanged at 1.5757.</div>
<a href="http://www.economy-news.co.uk/british-pound-sterling/1093-british-pound-gbp-up-against-us-dollar-usd-456456456">British Pound Sterling: Currency faces 'another slug of QE' of 75bn GBP should <b>...</b></a> - <span style="color:#888888">Economy News</span><br>
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Gold Prices Climb as Silver Slips? USD Higher vs EUR but Lower vs JPY ? Brent <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.bestsyndication.com/?q=20120131_forex_trading_usd_eur_jpy_gold_silver_prices.htm" style="font-size:1.2em">Gold Prices Climb as Silver Slips? USD Higher vs EUR but Lower vs JPY ? Brent <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">Feb 1, 2012 </span>
<div style="width:80%;">(Best Syndication News) Gold and silver prices moved in opposite directions Tuesday as traders looked for safe-havens (see forex and futures charts below).</div>
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British Pound Sterling: Currency finds GfK consumer confidence data of no use <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.euro-exchangerate.com/british-pound-to-euro-31011325.html" style="font-size:1.2em">British Pound Sterling: Currency finds GfK consumer confidence data of no use <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Jan 31, 2012 </span>
<div style="width:80%;">This morning the pound euro pair continues to be driven by events in the eurozone as domestic UK data fails to make an impact. British Pound Sterling (GBP) in US Dollar (USD): GBPUSD is 0.37% higher at 1.5770.</div>
<a href="http://www.economy-news.co.uk/british-pound-sterling/1078-quantitative-easing-in-february-3444354334-and-the-pound">British Pound Sterling: Currency fins support vs EUR and USD as Miles says QE <b>...</b></a> - <span style="color:#888888">Economy News</span><br>
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British Pound Sterling: Currency to fall further against US Dollar says <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.euro-exchangerate.com/pound-dollar-exchange-rate-forecast-27011314.html" style="font-size:1.2em">British Pound Sterling: Currency to fall further against US Dollar says <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Jan 27, 2012 </span>
<div style="width:80%;">Once the euphoria is over we should also see the euro dollar exchange rate retreating once more. British Pound Sterling (GBP) in Euro (EUR): GBPEUR is 0.13% lower at 1.1958.</div>
<a href="http://www.economy-news.co.uk/british-pound-sterling/1072-british-pound-and-quantitative-easing-forecasts-3435435435">British Pound Sterling: Analysts speculate on Quantitative Easing - 25bn, 50bn <b>...</b></a> - <span style="color:#888888">Economy News</span><br>
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DFC Global Corp. Announces Record Fiscal Second Quarter Results
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<a href="http://www.marketwatch.com/story/dfc-global-corp-announces-record-fiscal-second-quarter-results-2012-01-26" style="font-size:1.2em">DFC Global Corp. Announces Record Fiscal Second Quarter Results</a>
<br> <span style="color:#888888;">MarketWatch (press release)</span> - <span style="white-space:nowrap">Jan 26, 2012 </span>
<div style="width:80%;">BERWYN, Pa., Jan 26, 2012 (BUSINESS WIRE) -- DFC Global Corp. /quotes/zigman/6411860/quotes/nls/dllr DLLR +2.55% , a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, ...</div>
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An abbreviation of foreign exchange
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