Supreme Trading Robot Blog


Saturday, 7 July 2012

Instant FX Alerts

Instant FX Alerts

I should describe it as Instant Forex Alerts, as Forex Trading has become very complicated to say the least. I cannot think of any other business industry that has so much trash. Totally Un-regulated, or as one expert told me lately, Self regulated, which means any broker or bank can do and charge it's customer whatever they like. Plus play around the the Spread.


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Forex Trading Spread
A Spread is the difference between Buying and selling that the Broker charge on each transaction. This fluctuate regulary unless you have a fixed spread account. Both types are good and bad- with open spead, the broker can and will change it to leverage. The fixed one-yes at least you know what to expect but can be a lot higher than open, unless you're trading at times when the open spread is high.



Brokers
This I could spend a whole book writing about. There is too many and totally un-regulated, so you as an investor need to pay close attention to who you are opening your account with. Many have and still are finding out the hard way of not so honest brokers who steal users money, play with the spead when they know you're about to place and order. Or if you use a Robot to trade, they will also know and spike the spead to stop the robot trading. You need to do a lot of background searching on a broker before opening an account and deposit your hard earned money. You should check out Forexpeacearmy.com, which constantly review and assist investors with problem Brokers & Bankers.



Forex Robots
Their is a lot of them around, most of them will lose you your investment within days orther longer, then a very few actually makes money for you and can be trusted to be left alone trading on auto pilot in your account without supervision. Again you need to do your background search for the best ones, and not always are the most expensive the best. Please for your account sake, do your homework on this before connecting a robot to your account. Some that I have used to be great are: Forex-Megadroid, Fapturbo, Fishforex to just name a few.

Signal trading
Signals can be just that, they are designed to assist you see a bigger picture of a trade. Some can spot a trend others will call out potential openings. You can google that and you will find a lot of free ones to try. Many are actually good too. It all depend on your style of trading and experience.



Assisted Trading
This is when you hand over your account to a expert, which will manage and trade for you. This is quite new on the online market, and I have noticed a few that have been cleaned out of the investment very quickly.


I hope this has helped you in some way, please visit my web site for more information on trading on the Forex Market. You can find out more here. Posted by Forex articles and reviews online.

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