Why You'll Go Broke Without Forex Demo Trading

Every day, hundreds of forex newbies who rush into the foreign exchange market after reading promises of overnight wealth. They sign up online, throw together a campaign, and hurl at least a thousand dollars into something they don't understand at all. After all of this, it never ceases to amaze me the number of these victims who would still question how it all happened.

In my experience, there is no substitute for experience. In the foreign exchange market, this takes the form of forex demo trading. This is where you use virtual money to trade on the actual foreign exchange market. You use the same information that real traders use daily and you'll be tracking your results, but you'll be doing it all without the risk. This is a great way to start out because you'll be more willing to make the learning mistakes that you would never risk making with your own money. Once you get to the point where you have several successful trades under your belt, you can make the transition to real trading.

The best way to get a forex demo trading account is to get it coupled with forex automated trading software. This is software which automatically trades for you in your best interest at all times. It acts like an added safety net which is invaluable, particularly when you're just starting out. They best programs include incredibly accurate signal generation which predicts trends in the market so that you can trade ahead of the curve to maximize your profits.

As you go along with the program you'll learn first hand the benefits and features. The forex demo trading account which comes with the program allows you to learn both the market and program simultaneously to best prepare you for a jump started career in currency exchange.

Not all forex programs are the same, in fact there are a number of sloppily designed programs which have helped to give the market a bad reputation overall. There are, however, a few gems mixed in which are more than worth their purchase prices based on their signal generation alone. Visit http://www.forexautotradingreviewed.com to read reviews of the top forex automated trading software available today.

Reuters - Bridgewater Associates Inc, one of the world's biggest hedge-fund managers, said on Tuesday it might be interested in participating in the U.S. Treasury's public-private investment program, calling it a "big transfer of money from the government to the banks and to the buyers."

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Forex Scalping - Finding the Best Forex Scalping Systems For Big Profits

Forex scalping is a method of trying to take many small profits and build up big consistent profits over time, with low risk. Here we will look at the best forex scalping systems and how to day trade for profit...

I have been looking for the best forex scalping system since I first started trading and still haven't even found one that makes money! Today, you see lots of them advertising big gains - but there is a problem and it's the risk warning below:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

So all the day trading records you see aren't real dollars, there paper dollars made on paper knowing exactly what the prices did! This really should not be presented a track record as a child could do it.

So now we know all the systems advertise track records that are not real, why doesn't someone break the mould and publish one - say, 2 or 3 years supported by broker account statements - or why doesn't the vendor trade it for real?

Well the answer is that forex scalping is based upon flawed logic and is doomed to fail long term.

Just like the punter playing roulette in the casino as you never can get the odds in your favor.

If you can't get the odds on your side you won't win.

In day trading, all daily volatility is random and takes prices anywhere - so how can you key off support or resistance levels? You can't, you may as well flip a coin.

Think about this ...

In all corners of the globe, there are traders like me and you - all with our own opinions skills and emotions at work and countless millions of us make the price you see on your computer screen, so how can you tell what this vast mass of forex traders will do in a few hours? You can't.

You do here scalpers talk about the science of human behavior and all need to do is know the law of it and you can win - great theory but no one has achieved it and if of course there was a scientific theory, then we would all know the price in advance and there would be no market.

These systems feed on greed and naivety and marketing companies know this.

So they write some nice copy of how you can make X million for doing nothing put up a track record that is totally unbelievable and based on sand i.e a paper simulation, not proven or tested or anything, just a simulation and wait for people to buy and they do.

The company gets a system sale and the FX trader a loss.

You can make a lot of money in forex trading but not by using a forex scalping system. Leave them to the lazy traders and get yourself some sound forex education, on trading long term forex trends for profit and you can enjoy currency trading success.

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Reuters - U.S. consumer pessimism receded in March, according to a survey released on Friday, while the trade deficit narrowed in January to its smallest in more than six years as imports fell amid collapsing domestic demand.

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