Forex Trading Courses – A Quick Guide
Forex Course: A Quick Forex Guide for Traders
In this Forex course we will review some steps you need to take care before you venture into your trading journey. Most traders venture into the Forex market with little or no experience in the Forex market. This results in painful experiences like loosing most of the risk capital, frustration because it seemed so easy to make money, etc.
The first thing you need to realize is that, it is not easy to make money. As every other endeavor in life, where important rewards are to come after mastering it, you need to work hard. You need to get very well educated and experienced before having the possibility to receive important rewards on it. The key on mastering the Forex market relies on commitment, patience and discipline.
Ok, you have decided you are going to trade the Forex market, you have seen several advertisings featuring how easy is to make money in the Forex market. You might think this is your opportunity to reach your financial freedom, right away, time is money, why waiting any longer if you have the opportunity to make money now. I know, I’ve been there, but you have a chance now, I didn’t, no body told me what I am going to tell you.
We, Forex traders, make transactions based on a set of rules. These sets of rules are what we call a Trading System. Our systems tell us the exact time where we need to get in the market and out the market in order to make a profit (i.e. buy low sell high.)
Creating a system is the first big step you need to take care first. Why is this so important? Because you need to build a system that suits your personality, otherwise you are going to find hard to follow it, thus hard to profit from. A system can be based on technical indicators or what we called a mechanical system or based on experience and intuition or what we call discretionary systems. I highly recommend using and trying first a mechanical system, because discretionary systems are dangerous during the early stages of a Forex trader (can lead to indiscipline.) With experience, on later stages, you will find out which signals work better and which ones to avoid.
The next step in this Forex course is to try your system on a demo account. Most Forex brokers offer a demo account, an account with virtual money. This is an excellent choice to test your trading system as there is no money at risk. In this step you will figure out if the strategy works for you. If you feel comfortable trading it, then it is most likely to produce good results. How much time should you stay in this step? It varies, but you shouldn’t go one step further until your system gets consistent profitable results over a period of time. It can take many months, but remember, you need to be patient.
You must be honest to yourself; you need to take every single signal generated by your system, not only the signals you thought were going to work, otherwise, you are going to have problems in the next two steps.
Ok, by know you had consistent profitable results on your demo account. You might think its time to go full. Nope, nope, nope. There is a big difference between trading a demo and a real account. The most important difference lies on emotions (fear, greed, anger, etc.) These are psychological barriers that affect every single decision made by traders regardless of what he/she is trading (stocks, bonds, Forex, futures, grains, etc.) These emotional factors, in my opinion, are the most determinant factor that separates profitable traders from the others.
The next step in this Forex course is specially designed to deal with emotions and to confirm the results obtained in the prior step (consistent results in a demo account.) At this step you need to trade in a real account with limited funds. Some brokers offer fractional lot trading. Meaning you are able to trade any desired amount (even cents.) The important thing here is that these emotions we’ve been talking about are present only when there is real money at risk. At this stage, you are going to see if you are really comfortable trading your system and if you are able to trade with such system, remember different systems produce different emotions. If you are able to produce similar results than those obtained in a demo account, then ready for the next step. If you didn’t, then you might need to create another system, there is chance your system never fit you. If you created consistent profitable results on this stage, you have a chance to produce similar results in the next one, on the other hand, if you didn’t produce good results in this stage, you will not be able to make on the next stage. Remember, you need to do things right, and be honest to yourself.
The last stage is trading in a real account with sufficient funds. If you are at this stage, and have passed successfully every prior stage, then you have a chance to make it, go ahead and try it, you need to be confident in yourself and in your system, your strategy have already produced consistent profitable results, there are reasons to believe you are going to make it. Very few traders fail at this stage (if passed successfully prior stages.)
Trading successfully is no easy task, it requires a lot of work, patience, discipline, and education. By completing the steps outlined in this Forex course, you have a chance to produce profitable results. I repeat it again, you need to be honest to yourself about the results obtained in every stage. Some times you might need expert guidance regarding your system development strategies.
Forex Trading Course
Forex Trading Course
5 Things a Forex Course Should Teach
While many people have experienced success in Forex trading, an estimated 90% of traders lose money in the market. Nonetheless, plenty of people still jump into the Forex market, trade foolishly and lose their money, day in and day out. Until now, it’s shocking to see traders keep risking their money into the Forex market without mastering techniques and studying their trading strategies.
Whether you are an experienced broker or a beginner struggling to make it in the market, there are certain things you should do to manage risk and increase possibilities of making big bucks. The first and most important thing to do is to learn all the basics of Forex trading before implementing any technique. The best thing anyone could do is grab a copy of a Forex course and absorb everything it has to teach you. However, this Forex course should teach you these five essential things:
- Brain food – Whether you wish to learn using video tutorials or books, through workshops, seminars or online learning, a Forex course should be your guide in building up trading skills and knowledge, straight from the professionals’ experiences and advices. Your chosen Forex course should include information about implementing technical charting into your trades and learning to use indicators in determining the right time to enter or exit the market. Some lessons even offer you with an online demo account as a way to brush up your Forex experience.
- Trading system – It is important to choose a well-designed trading system. A good Forex course should recommend trading tools, such as automated charting and auto trading, to reduce your work dramatically and lessen the chances of “emotional trading”.
- Forex trading plan – You should never take risks with your money. As such, an effective Forex course should give you enough information so you could determine trade objectives, profit expectations, investment assessments, when to enter and exit the market, stop-loss order execution and affordable risk. Once you still fail and lose money, review your trading plan and modify your mistakes.
- Good money management – If you learn to manage your money, you are able to control risks using protective stops. You also increase your potential for profit. Make sure you are always aware of your personal expenses, trading money and savings. This way, you will always have money when you face a good investment opportunity.
- Discipline – Not only should a Forex course teach you the terminologies, strategies and tips for a success in the Forex market, it should teach you how to trade Forex with discipline. Without discipline, everything you learned from the Forex course is useless because even if you had a successful trade today, greed will catch up and you will lose money eventually.
A Forex course that teaches you the basics of the market, choosing effective trading systems, creating a solid trading plan, learning proper money management and trading with discipline is a must-have book, video tutorial, workshop or online session. Become a successful investor by learning how the big boys of the Forex market became how they are now.
ProfitsRun.com
Forex Trading Course: Forex Time Machine
ProfitsRun.com
Why Forex Time Machine? It’s a complete trading method
Forex Time Machine is newest Forex course that teaches three separate trading methods that you can apply to any timeframe. This is really awesome — it doesn’t matter if you’re a day trader, a casual trader, an end-of-day trader – these methods work across multiple timeframes. In fact, you’ll find you can do most of your trading activities in less than 20 minutes a day if you want (the casual trader or end of day trader) or you can trade as frequently as you want. That’s incredible considering there are three different methods you can work with.
But when you listen to the feedback about Forex Time Machine – and I do – I hear three common themes about what traders like MOST in the Forex Profit Accelerator course:
- It provides excellent brain food.
The Forex Time Machine course provides information that will be useful to even very experienced traders. The brain food you will receive is unlike what any other forex trading course provides.
- It’s a complete trading method and trading system.
Forex Time Machine teaches the precise setup conditions, exact entry rules, intial stop rules and different exit strategies for each of the four methods it contains. Traders love this because most methods out there don’t provide this (although many are now beginning to copy me) — and without each of these elements, setup conditions, entry, exit and stop loss rules, no method should ever be considered complete.
- It contains three unique trading methods.
Many traders are shocked by this because most courses out there barely teach forex traders a single method — and yet, Forex Time Machine teaches three unique methods. The most important aspect here is that the three methods it teaches gives forex traders more opportunity to maximize their profit potential without increasing their risk.
- It teaches Risk Management.
This is one of the most comprehensive, yet easy to understand teachings on Risk Management on the market. The concept of eliminating risk in every trade is the newest ’secret weapon’ for successful forex traders who have figured out how to beat the banks and brokers. In the Forex Time Machine course, not only do is it easy to understand and implement the risk management tactics, but you’ll learn how to incorporate it into YOUR trading life – that’s education you will own forever!
- It teaches discipline.
One of the most important aspects of becoming a successful trader is to be very disciplined in your trading methodology and trading strategy. Bill provides very good insight into how you can change your mindset as well as your habits to become a disciplined trader.
Here’s a brief overview of what you receive in the Forex Time Machine trading course:
Learn Forex Trading
New to Forex Trading? They’ve got you covered…
Learn Forex Trading
For those who are new to forex trading, the Trading and Basics part of the Forex Time Machine course is a refreshing, detailed look into the world for forex trading. All the key topics that you’ll need to get going are covered in this module. You’ll learn what a forex “pair” is, how to trade the forex pairs, how to master the technical indicators that are used in the methods, how to manage leverage and margin correctly, understanding and idendifying trends, and much, much more.
This 75 minute segment will answer any newbie question about forex and forex trading and when you’re done, you’ll be ready to take on the markets!
Learning Expectations? Know exactly what to expect…
Learning forex can take a tremendous effort – so in the Background and Overview section of the Forex Time Machine, you’ll find exactly what you should expect to learn from the course and the path you’ll take to get there. You’ll discover the 6 forex pairs that are best suited for trading with the Forex Time Machine methods and you’ll even jump right in the water with detailed trading examples — this instant immersion will surprise you as it shortens your learning curve substantially.
Forex Trading Method #1 – Breakout Method
The first method covered in the Forex Time Machine course is the Breakout method. Breakout is designed to capture short term profits on trades typically lasting only 1-5 bars. This method’s goal is to capture 10-50 pips per trade and minimize your risk exposure. You’ll learn how to plot the technical indicators and how to use the complete rules to the method so you can identify the setup conditions, the entry and exit points and where to place initial and ongoing stops.
Once you’re finished mastering the Breakout method, you’ll see what I mean about having a trading method that you own for life.
Forex Trading Method #2 – Momentum Method
The second forex trading method covered in the Forex Time Machine course is the Momentum Method. This method is designed to capture trends that are ‘heating up’ in the forex markets. Typical trades will last from 2-6 bars, and have profit goals of 25-100 pips. Again, you’ll learn the complete rules for setup conditions, entry and exit points and stop loss targets, along with plotting the technical indicators for this method.
As you can see, if you were learning Forex Time Machine right NOW, you would already have TWO trading methods with different tactics to attack the markets. So, let’s add a third method!
Forex Trading Method #3 – Spring Method
The third method covered in the Forex Time Machine course identifies trend reversals and works to protect you against false ‘with the trend’ signals. Typical trades are in the 2-6 bar range and target profits of 25-100 pips. You’ll learn how to apply the indicators to this method, how to identify the setup conditions, when to get in and when to get out of the trade, and how to manage your stop losses to grab to most profit potential.
So there you have three separate methods to take on the forex markets – but keep in mind, each method teaches you how to go LONG or SHORT the market…so really you have SIX ways to trade the forex markets in ONE SINGLE COURSE.
But we’re still not done, because in the last segment, Bill teaches you the most important aspects to becoming a successful trader — these are lessons that will last you a lifetime and lessons he has developed over his own 35 years of trading.
Forex Trader - Forex Time Machine
Bringing it all together – Risk Management
Forex Trader - Forex Time Machine
This part of the Forex Profit Accelerator course is probably one of the best that has ever been created and certainly the most important. You’ll spend a significant amount of time educating yourself on risk management, its importance and how to incorporate it into your trading plan. In all the trading education, from courses to books and videos, failure to follow Risk Management rules is the number 1 KILLER VIRUS for most traders.
If you aren’t followng risk management rules, you’re guaranteed to lose your money faster than those who are. You’ll learn EXACTLY how to protect your account balance and how to protect every trade you place.
Bringing it all together – Emotional Control
Next learn the importance of DISCIPLINE and how to get Emotion out of your trading (because it doesn’t belong there). Your goal is to learn how you can exert more control over yourself to protect your trading activities and to make better decisions when trading.
All in all, this is the most complete course, that covers all the important topics, from Basics to the trading methods to risk management.
Forex Trading Blueprints
The Forex Time Machine also comes with unique Forex Trading Blueprints. These blueprints make it super easy to plan and place your daily trades. The blueprints lay out the step by step rules to follow for each of the methods and will dramatically reduce your time in the trenches — you’ll get so good at trading with the blueprints, you’ll be able to do it in less than 20 minutes.
Full Year of Student Support
Profits Run continues to spend time and money building the best student support team in the industry after you’ve become their student. There’s no disagreement on this point: if you have questions, their support staff has answers. They are prompt and thorough when answering. That’s important, because most ‘gurus’ pretty much disappear after you’ve bought their course.
100% Guarantee
But perhaps the most stunning element to the Forex Time Machine course, according to other traders, is the 60 day money back guarantee. We haven’t found anybody else doing this. You’ll get two full months to review Forex Time Machine and take it for a test drive.
And, if you decide not to keep it, they take it back, no questions asked.
Forex Time Machine – Recap
The Forex Time Machine is one of the most comprehensive, complete trading methods on the market. New forex traders, old forex traders — doesn’t matter — there are lessons and strategies for everyone in this course. Following the step by step instructions is a breeze and gives you total confidence in mastering the three different methods.
Forex Time Machine should get your nod for the best Forex Trading Method on the market. Check it our for yourself, and let us know if you agree.
| Visit The Official Forex Time Machine Website by ProfitsRun.com |
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Forex Bling Review – Overview – http://www.ExpertAdvisorFX.com
We take a quick look at the new Forex Bing Package. This trading system is downright awsome and worth every trader’s attention right now. We built a new site for the Forex Bling Community at www.forexblingreview.com So go there now and get the full scoop and the bonuses you deserve.
Forex Ivybot
Ivybot Forex Expert Advisor
The Professional Forex Trading Robot
Ivybot is a new expert advisor brought to us from the guys that made FAP Turbo. Whether this is just a repackaging of FAP Turbo, or a genuinely new expert advisor remains to be seen. In terms of sales and therefore perceived popularity, Ivybot has more than excelled. Within just a few hours from launch, Ivybot has been scooped up by thousands of eager buyers.
A few advantages of Ivybot:
- With so many expert advisors unable to cope with the new No Hedging and FIFO rules set by the NFA, it is good to see an expert advisor that fully copes with these limitations.
- Ivybot seems to surpass pretty much every other expert advisor in terms of performance, yet whether or not it will actually deliver to the customers what it promises, now that’s another question.
- A low drawdown and therefore proper risk management should be the first concern of every sensible trader, and with that in mind it is good to see that Ivybot has a Automated Risk Scaling Feature as well as a Build in Loss Prevention Feature.
- Ivybot trades multiple currencies with a different ea for each currency. This means that the expert advisor can be optimized for each individual currency pair.
- Unlimited updates is something I always look for in a new expert advisor. If an expert advisor is not updated, it will be pretty much worthless within a couple of months, as the markets regularly change. Ivybot promises unlimited updates.
- Very easy installation has become a common feature among expert advisors, and Ivybot is no exception.
- Ivybot has a High Spread Protection Feature stopping it from trading when the spread is too high, which is a very good way also of filtering out false signals during news events.
A few disadvantages of Ivybot:
- Ivybot promises a lot, but there is no way of really knowing if it will deliver without actually forward testing it yourself. Fortunately it comes with a iron-clad 60-day refund period in which you can refund should it not perform.
- Ivybot promises a US$500 trading bonus should you open an account with the broker which they promote. If something sounds too good to be true, read the fine print. Many of the brokerage firms these days are real scammers and be very careful with which broker you open an account.
- The creators does not mention the algorithms or logic behind the program, yet they show themselves explaining very complicated mathematical algorithms. If they did use such complicated mathematical algorithms when creating the system, the disobeyed the one rule when it come to forex trading – Keep It Simple. A simple system can work in almost all market conditions, a complicated one just cannot.
My opinion:
According to the popularity and the promised features of this expert advisor, I am about to invest in it myself. However, I will immediately jump into testing it so that I have at least a few weeks testing done by the time the refund expiry period nears. Should Ivybot turn out to be a scam, I will certainly refund it. However, should it turn out to be profitable and stable, I will certainly consider trading it on a real account. In my opinion it is better to do the testing yourself. In this way you will understand the expert advisor better, and have more faith in it when it comes to live trading. Remeber, you can always refund it if it does not live up to your expectations.
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Forex Espionage
Product name: Forex Espionage
Product type: Foreign Exchange Expert Advisor (Forex Robot)
Currency: EURUSD
Timeframe: H1
Risk: Low
Creator(s)/Owner(s): Steven Lee Jones
Suitable for: Beginners to Seasoned Traders
Skill/Experience required: Very little
Start-up capital required: This depends on the broker you intend to use, and can start form as little as US$50.
Product initial cost: US$97.00
Membership monthly fee: No monthly fee
Payment method: Most major credit cards, wire transfer, check, as well as Paypal accepted
Customer support: Email and phone support
Bonus: None
Refund policy: 60-Days
Product delivery: The whole package can be downloaded as soon as payment is accepted.
Future Updates: Unlimited
If you’re thinking about trading forex online, I’m extremely relieved that you’ve found my blog because the results of our recent research will almost certainly save you money as well as a lot of frustration and heart ache.
Hello, my name is Chris Michaels and if you’re not one of our regular subscribers and haven’t heard about our much publicised forex product test, let me quickly fill you in… and then I’ll reveal the conclusive proof that a unique program called Forex Espionage is by far the most effective forex trading software currently on the market.
Firstly, The Common Problem…
It’s a well known fact that you must be extremely cautious before trading Forex and there are hundreds of software products on the market that claim to increase the probability of a successful trade. However, we soon discovered that most of them were highly unreliable and didn’t even update automatically as the market moved.
See, as a retired day trader with over 20 years experience on Wall Street, the one thing I know what all forex signal software designed for home users must do is provide reliability, functionality and simplicity. This way it eliminates all the complex analysis so that even a so-called ‘newbie’ trader with little or no experience can successfully navigate the market and pull a profit without winding up in a constant state of fear and frustration. Do not be put off though, because the simple fact of the matter is this:
Trading Forex From Home Can Be Immensely Profitable…
Believe me, there is plenty of money to be made in this area; far more than other online ‘opportunities’ and if you want to grab a piece of the incredible $3 Trillion dollars that is traded on the Forex market every day (and that’s not a misprint), it is now easier to get started than it had ever been.
So if you’re reading this and are considering starting a new highly lucrative career no matter what your background or education, then it’ll be extremely worth your while.
Let’s Dispel A myth…
The forex market isn’t as complicated as everyone thinks. I know people who have taken $100 and have built it up into a working capital of over $1,000,000 within 1 year… and that’s sitting in a home office, not working for a major trading institution.
So as I was saying, a few weeks ago, after hearing numerous horror stories from people who had been mislead into using rogue software and bogus systems to trade from and learn with, we decided to do a detailed study to discover which of the most popular trading tools are the most efficient.
In all, we reviewed 14 of the most popular forex products and interviewed over 100 ‘work from home’ traders who had used them.
To cut a long story short, most were absolute junk and will only end up losing you money. But that was until Steven Lee Jones got in touch to say he had a new Forex robot that had made $52,937 in just 30 days.
Forex Derivative EA
Forex Derivative
For many people, trading in foreign currency exchange (known as Forex) has become very lucrative, similar in nature to the money made by day traders in the 1990s. Until fairly recently, though, Forex trading was only available to central banks and institutional investors. With the advent of software that acts as an automated Forex expert advisor, though, the Forex market has opened up to individual investors.
The importance and value of an advisor system is obvious when reviewing the Forex currencies that are most often traded. After the United States dollar, the currencies that are most often traded are the Euro, the Japanese yen, the British Pound Sterling, the Swiss franc, and the Australian dollar. Given the time differences involved in the openings and closings of currency markets, performing manually Forex trades is unrealistic. Missed trades equal missed opportunities, which can negatively impact the value of a trader’s portfolio.
Automated Forex trading systems allow an individual to take advantage of the real-time nature of Forex trading by having an “expert advisor” (also known as an EA or EAs) monitor the market and make trades on the individual’s behalf. There are many different automated advisors on the market, but they have much in common. Each EA is programmed with a unique set of rules for trading. Essentially, the software makes decisions based on the conditions set forth in the program.
Visit Forex Derivative Now
Typically, the trader can choose how much risk he or she wants to assume, which currencies he or she would like to trade, and open and close positions according to “take profit” and “stop loss” targets. Another advantage of an EA system is that the emotional nature of trading is taken out of the equation. After all, trading based on emotions can have disastrous results, whether the person is trading stocks, futures, or currencies. An advisor system takes the emotion out of the trading experience, which paves the way for increased profitability and success. An automated Forex expert trader can also be used by those who enjoy the process of executing manual trades, but who want to test out new strategies. Many EAs have an historical component, which enables a trader to try out a trading strategy using past market performance. If his or her new trading strategy is sound, it will generate a pseudo profit in past market. This is a good indicator that it will work on real trades in live markets.
There are many other ways in which an automated Forex expert advisor can work to the trader’s advantage. Some EAs send email alerts, some make only a single trade per day at a pre-set time, some make multiple trades in multiple currencies, and others work to compound your profits by opening increasingly larger trades on your behalf. While there is an automated Forex exert advisor for virtually every kind of trader, the underlying concept of automated trading devoid of emotion is inarguably sound.
If you are looking for the right forex expert advisor, it is essential to follow a few important steps.
The first order of business is to use a free demo account to test the expert advisor without the risk of live funds. This is very important for several reasons and I will give you some examples. Free demo accounts offered by your FX broker run exactly like a live money account, but without the risk of real money losses.
The demo account gives you the opportunity to test and adjust all the settings of the expert advisor just like a live real money account. Another nice option with demo forex accounts is that you can open as many of them as you want to test your own EA, or one that you purchased.
Many years ago before I began building my own expert advisor, I visited all the forex system websites and like many people do including myself, were amazed by the back-tested results they were advertising. Although I did try a few of those silly expert advisors, I always knew those results could never stand up in a live trading situation. After learning how curb fitting a system in a tester works, I realized how easy it is to apply and adjust an expert advisor to past data. The MT4 tester, or any other system tester for that matter was never intended to be used as a main selling tool to sell expert advisors.
Forex Derivative Live Results
The only true and reasonable way to find the right Forex Expert Advisor for you is forward live results of the EA. This is a true road map of how the expert advisor stands up to live market conditions. Most of the forex system sellers available today, do not have the guts to provide this because they know the true live results will make you not buy their system. I have searched Fx landscape for such an EA and found only one who puts their EA on the line every single day.
It is a good idea to be able to evaluate the expert advisor in a free trial or a remote log in. If the seller of the expert advisor does not offer a free trial or a remote demo log in, you should seriously consider the validity of that seller. I would suggest on your quest for the right FX expert advisor, always question the EA seller for a free trial of the system.
Even if you find the right expert advisor for yourself and you feel comfortable with the way it trades, all systems have drawdowns and you need to prepare yourself for them.
Forex Derivative is a new forex expert advisor, and from preliminary results, this expert advisor seems to be better than just about 95% of all the other expert advisors.
Zack Kolundzic realy did well in creating this product as it includes not just one, but multiple different strategies from its portfolio for every single market condition. These strategies are not fixed, however. They are constantly calculated and updated as a function of other market functions.
Money management with the Forex Derivative expert advisor is given the highest priority in order to make sure the trader’s capital is never at a risk greater than the absolute minimum.
Forex Derivative 2.0 Review
Forex Derivative 2.0 Review
Looking for the best way to gain financial stability in life? Why not start making real money from forex trading using the best forex Expert Advisor in the marketplace?
Forex Derivative 2.0 is an intelligent forex trading software, which can and will help you to earn extra pocket money, or even your full wedges through the world largest investment – FOREX.
Forex Derivative 2.0 is 100% fail-proof, self adapting forex trading software simulates and outperforms even the most advanced manual trading techniques. This software was the result of many trading years of Zack Kolundzic.This was created to give you a highly sophisticated forex software that is able to self adopt to every single market condition in order to use multiple strategy. If you are looking for the best Forex Derivative 2.0 Review, then you already found one.
What is Forex Derivative 2.0? This software is an Expert Advisor which was designed to run in a Metatrader 4 trading Platform. Expert forex trading advisor is an automated forex trading system written in Mql4 programming language which said to do all the trading decision. All the trading decision are taken over automatically by the EA based on predefined set of rules. Forex Derivative 2.0 uses information from several timeframes to calculate entry/exit points. The lowest one is M1. So in order for Forex Derivative 2.0 to run properly it needs to be put on a M1 chart. That applies for all currencies.
View The Forex Derivative Back-Test Results Here
I love the software because it has a great stop loss ability that has never before seen on any forex EA. The system can ensure your profit in any market condition. The number one priority of this software is absolutely the preservation of your own capital.
In addition to that, the software has been tested and proven for so many years. It can stand and work in any market condition.It doesn’t require you to have any previous forex trading knowledge and doesn’t require any additional product to be buy in order for the software to work. The system works in any country and work in any currency pairs.
I can say that the system is really worth a try. It is an automated forex trading EA that can give you automated income. The software doesn’t required constant monitoring and doesn’t need so much of your time, so you can have the freedom to do your 9-5 job or whatever things you may want to attend to.
View The Forex Derivative Forward Test Results Here
Forex Derivative 2.0 continuously monitors the market and is constantly aware of the current market condition. Then the software chooses the strategy that is specifically designed for such market condition, giving you more profit than any other forex software on the marketplace.
It is truly designed in such a way to use market volatility to your advantage and at the same time it will extract every penny even in the quiet market condition.
Conclusion: Forex Derivative 2.0 is absolutely not a scam! It is an automated Forex Expert Advisor that can really turn your $5000 into $27,584 in less than 6 months. In addition to that, they are giving you a new version when they upgradethe software absolutely free of charge! So what are you waiting for? There is nothing to lose if you try this software, you can test it by opening a demo account or in real live account, the choice is yours!
Forex Robot Forward Test Quick Comparison
Forward Test Results
The forward test results are imported directly from Metatrader and updated every 30 minutes.
30-Minute Updated Results
Expert Advisor |
Broker |
Results |
Started |
Notes |
| Forex Conqueror | FXDD | Fx Conqueror Results | 2009-04-19 | |
| Forex Gridbot | Alpari UK | Fx Gridbot Results | 2009-05-17 | |
| Forex Maestro | Alpari US | Fx Maestro Results | 2009-05-25 | |
| Forex Megadroid | Alpari US | Fx Megadroid Results | 2009-04-27 | |
| Gomega GBPJPY | Alpari US | Gomega GBPJPY Results | 2009-04-24 |
Forward Test Quick Comparison
Week ending 2009-05-22
Gomega Xray |
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| Total Net Profit | $2296.74 | Total Trades | 24 |
| Profit Factor | 2.29 | Maximum Drawdown | 20.71% |
Forex Megadroid |
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| Total Net Profit | $414.47 | Total Trades | 13 |
| Profit Factor | NA* | Maximum Drawdown | 0.00% |
Forex Conqueror |
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| Total Net Profit | $283.41 | Total Trades | 18 |
| Profit Factor | 1.55 | Maximum Drawdown | 3.80% |
And the Oscar Goes to…
Depends…
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If you’re looking at pure profits, **Gomega Xray is the clear winner: 10 trades, US$2296.74 profit.
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If you’re looking at risk aversion, Megadroid is the clear winner: 13 trades, 0 losers.
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*The profit factor for Megadroid cannot be calculated at this time as there are no loss trades as of yet.
** Gomega Xray is currently unavailable, but Gomega GBPJPY, another very profitable product from Quantum Research, will be released for only 3 days – June 2nd to June 4th. For more information, go to the Gomega GBPJPY official site.
Forward Test Quick Comparison
Week ending 2009-05-15
Gomega Xray |
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| Total Net Profit | $1188.44 | Total Trades | 10 |
| Profit Factor | 2.71 | Maximum Drawdown | 5.57% |
Forex Megadroid |
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| Total Net Profit | $375.57 | Total Trades | 11 |
| Profit Factor | NA* | Maximum Drawdown | 0.00% |
Forex Conqueror |
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| Total Net Profit | $150.41 | Total Trades | 16 |
| Profit Factor | 1.29 | Maximum Drawdown | 3.80% |
And the Oscar Goes to…
Depends…
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If you’re looking at pure profits, Gomega is the clear winner: 10 trades, US$1188.44 profit.
-
If you’re looking at risk aversion, Megadroid is the clear winner: 11 trades, 0 losers.
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*The profit factor for Megadroid cannot be calculated at this time as there are no loss trades as of yet.
Gomega Xray Forward Test Results
Gomega Xray Results
Week ending 2009-05-29
| Details: | |||||||||||||
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| Gross Profit: | 4 075.28 | Gross Loss: | 2 094.51 | Total Net Profit: | 1 980.77 | ||||||||
| Profit Factor: | 1.95 | Expected Payoff: | 76.18 | ||||||||||
| Absolute Drawdown: | 169.28 | Maximal Drawdown: | 1 356.86 (20.71%) | Relative Drawdown: | 20.71% (1 356.86) |
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| Total Trades: | 26 | Short Positions (won %): | 13 (23.08%) | Long Positions (won %): | 13 (46.15%) |
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| Profit Trades (% of total): | 9 (34.62%) | Loss trades (% of total): | 17 (65.38%) |
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| Largest | profit trade: | 750.65 | loss trade: | -212.12 | |||||||||
| Average | profit trade: | 452.81 | loss trade: | -123.21 | |||||||||
| Maximum | consecutive wins ($): | 4 (1 742.28) | consecutive losses ($): | 10 (-1 356.86) |
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| Maximal | consecutive profit (count): | 1 742.28 (4) | consecutive loss (count): | -1 356.86 (10) |
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| Average | consecutive wins: | 2 | consecutive losses: | 3 | |||||||||
For The Full Results Go Here
Gomega Xray Results
Week ending 2009-05-29
Gomega Xray Results
Week ending 2009-05-22
| Details: | |||||||||||||
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| Gross Profit: | 4 075.28 | Gross Loss: | 1 778.54 | Total Net Profit: | 2 296.74 | ||||||||
| Profit Factor: | 2.29 | Expected Payoff: | 95.70 | ||||||||||
| Absolute Drawdown: | 169.28 | Maximal Drawdown: | 1 356.86 (20.71%) | Relative Drawdown: | 20.71% (1 356.86) |
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| Total Trades: | 24 | Short Positions (won %): | 12 (25.00%) | Long Positions (won %): | 12 (50.00%) |
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| Profit Trades (% of total): | 9 (37.50%) | Loss trades (% of total): | 15 (62.50%) |
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| Largest | profit trade: | 750.65 | loss trade: | -212.12 | |||||||||
| Average | profit trade: | 452.81 | loss trade: | -118.57 | |||||||||
| Maximum | consecutive wins ($): | 4 (1 742.28) | consecutive losses ($): | 10 (-1 356.86) |
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| Maximal | consecutive profit (count): | 1 742.28 (4) | consecutive loss (count): | -1 356.86 (10) |
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| Average | consecutive wins: | 2 | consecutive losses: | 4 | |||||||||
For The Full Results Go Here
Gomega Xray Results
Week ending 2009-05-22
Gomega Xray Results
Week ending 2009-05-15
| Details: | |||||||||||||
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| Gross Profit: | 1 881.46 | Gross Loss: | 693.02 | Total Net Profit: | 1 188.44 | ||||||||
| Profit Factor: | 2.71 | Expected Payoff: | 118.84 | ||||||||||
| Absolute Drawdown: | 169.28 | Maximal Drawdown: | 364.70 (5.57%) | Relative Drawdown: | 5.57% (364.70) |
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| Total Trades: | 10 | Short Positions (won %): | 6 (33.33%) | Long Positions (won %): | 4 (50.00%) |
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| Profit Trades (% of total): | 4 (40.00%) | Loss trades (% of total): | 6 (60.00%) |
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| Largest | profit trade: | 750.65 | loss trade: | -191.00 | |||||||||
| Average | profit trade: | 470.37 | loss trade: | -115.50 | |||||||||
| Maximum | consecutive wins ($): | 3 (1 547.34) | consecutive losses ($): | 2 (-364.70) |
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| Maximal | consecutive profit (count): | 1 547.34 (3) | consecutive loss (count): | -364.70 (2) |
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| Average | consecutive wins: | 2 | consecutive losses: | 2 | |||||||||
For The Full Results Go Here
Gomega Xray Results
Week ending 2009-05-15
Gomega Xray Results
Week ending 2009-05-08
| Details: | |||||||||||||
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| Gross Profit: | 1 130.81 | Gross Loss: | 328.32 | Total Net Profit: | 802.49 | ||||||||
| Profit Factor: | 3.44 | Expected Payoff: | 114.64 | ||||||||||
| Absolute Drawdown: | 169.28 | Maximal Drawdown: | 169.28 (3.39%) | Relative Drawdown: | 3.39% (169.28) |
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| Total Trades: | 7 | Short Positions (won %): | 5 (40.00%) | Long Positions (won %): | 2 (50.00%) |
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| Profit Trades (% of total): | 3 (42.86%) | Loss trades (% of total): | 4 (57.14%) |
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| Largest | profit trade: | 450.73 | loss trade: | -92.18 | |||||||||
| Average | profit trade: | 376.94 | loss trade: | -82.08 | |||||||||
| Maximum | consecutive wins ($): | 2 (796.69) | consecutive losses ($): | 2 (-169.28) |
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| Maximal | consecutive profit (count): | 796.69 (2) | consecutive loss (count): | -169.28 (2) |
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| Average | consecutive wins: | 2 | consecutive losses: | 2 | |||||||||
For The Full Results Go Here
Gomega Xray Results
Week ending 2009-05-08
Gomega Xray Results
Week ending 2009-05-01
| Details: | |||||||||||||
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| Gross Profit: | 334.12 | Gross Loss: | 169.28 | Total Net Profit: | 164.84 | ||||||||
| Profit Factor: | 1.97 | Expected Payoff: | 54.95 | ||||||||||
| Absolute Drawdown: | 169.28 | Maximal Drawdown: | 169.28 (3.39%) | Relative Drawdown: | 3.39% (169.28) |
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| Total Trades: | 3 | Short Positions (won %): | 3 (33.33%) | Long Positions (won %): | 0 (0.00%) |
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| Profit Trades (% of total): | 1 (33.33%) | Loss trades (% of total): | 2 (66.67%) |
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| Largest | profit trade: | 334.12 | loss trade: | -92.18 | |||||||||
| Average | profit trade: | 334.12 | loss trade: | -84.64 | |||||||||
| Maximum | consecutive wins ($): | 1 (334.12) | consecutive losses ($): | 2 (-169.28) |
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| Maximal | consecutive profit (count): | 334.12 (1) | consecutive loss (count): | -169.28 (2) |
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| Average | consecutive wins: | 1 | consecutive losses: | 2 | |||||||||
For The Full Results Go Here
Gomega Xray Results
Week ending 2009-05-01
Gomega Xray Results
Week ending 2009-04-24
| Details: | |||||||||||||
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| Gross Profit: | 0.00 | Gross Loss: | 169.28 | Total Net Profit: | -169.28 | ||||||||
| Profit Factor: | 0.00 | Expected Payoff: | -84.64 | ||||||||||
| Absolute Drawdown: | 169.28 | Maximal Drawdown: | 169.28 (3.39%) | Relative Drawdown: | 3.39% (169.28) |
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| Total Trades: | 2 | Short Positions (won %): | 2 (0.00%) | Long Positions (won %): | 0 (0.00%) |
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| Profit Trades (% of total): | 0 (0.00%) | Loss trades (% of total): | 2 (100.00%) |
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| Largest | profit trade: | 0.00 | loss trade: | -92.18 | |||||||||
| Average | profit trade: | 0.00 | loss trade: | -84.64 | |||||||||
| Maximum | consecutive wins ($): | 0 (0.00) | consecutive losses ($): | 2 (-169.28) |
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| Maximal | consecutive profit (count): | 0.00 (0) | consecutive loss (count): | -169.28 (2) |
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| Average | consecutive wins: | 0 | consecutive losses: | 2 | |||||||||
For The Full Results Go Here
Gomega Xray Results
Week ending 2009-04-24
Forex Conqueror Forward Test Results
We no longer update the results on a weekly basis. Instead, we provide results directly from the Metatrader platform, updated every 30 minutes.
Click Here To View The Updated Results
Forex Conqueror Results
Week ending 2009-05-22
| Details: | |||||||||||||
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| Gross Profit: | 801.83 | Gross Loss: | 518.42 | Total Net Profit: | 283.41 | ||||||||
| Profit Factor: | 1.55 | Expected Payoff: | 15.74 | ||||||||||
| Absolute Drawdown: | 0.00 | Maximal Drawdown: | 199.42 (3.80%) | Relative Drawdown: | 3.80% (199.42) |
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| Total Trades: | 18 | Short Positions (won %): | 7 (71.43%) | Long Positions (won %): | 11 (81.82%) |
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| Profit Trades (% of total): | 14 (77.78%) | Loss trades (% of total): | 4 (22.22%) |
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| Largest | profit trade: | 89.00 | loss trade: | -154.00 | |||||||||
| Average | profit trade: | 57.27 | loss trade: | -129.61 | |||||||||
| Maximum | consecutive wins ($): | 5 (253.00) | consecutive losses ($): | 1 (-154.00) |
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| Maximal | consecutive profit (count): | 253.00 (5) | consecutive loss (count): | -154.00 (1) |
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| Average | consecutive wins: | 3 | consecutive losses: | 1 | |||||||||
For The Full Results Go Here
Forex Conqueror Results
Week ending 2009-05-22
Forex Conqueror Results
Week ending 2009-05-15
| Details: | |||||||||||||
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| Gross Profit: | 668.83 | Gross Loss: | 518.42 | Total Net Profit: | 150.41 | ||||||||
| Profit Factor: | 1.29 | Expected Payoff: | 9.40 | ||||||||||
| Absolute Drawdown: | 0.00 | Maximal Drawdown: | 199.42 (3.80%) | Relative Drawdown: | 3.80% (199.42) |
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| Total Trades: | 16 | Short Positions (won %): | 7 (71.43%) | Long Positions (won %): | 9 (77.78%) |
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| Profit Trades (% of total): | 12 (75.00%) | Loss trades (% of total): | 4 (25.00%) |
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| Largest | profit trade: | 89.00 | loss trade: | -154.00 | |||||||||
| Average | profit trade: | 55.74 | loss trade: | -129.61 | |||||||||
| Maximum | consecutive wins ($): | 5 (253.00) | consecutive losses ($): | 1 (-154.00) |
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| Maximal | consecutive profit (count): | 253.00 (5) | consecutive loss (count): | -154.00 (1) |
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| Average | consecutive wins: | 3 | consecutive losses: | 1 | |||||||||
For The Full Results Go Here
Forex Conqueror Results
Week ending 2009-05-15
Forex Conqueror Results
Week ending 2009-05-08
| Details: | |||||||||||||
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| Gross Profit: | 494.00 | Gross Loss: | 364.42 | Total Net Profit: | 129.58 | ||||||||
| Profit Factor: | 1.36 | Expected Payoff: | 9.97 | ||||||||||
| Absolute Drawdown: | 0.00 | Maximal Drawdown: | 199.42 (3.80%) | Relative Drawdown: | 3.80% (199.42) |
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| Total Trades: | 13 | Short Positions (won %): | 6 (66.67%) | Long Positions (won %): | 7 (85.71%) |
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| Profit Trades (% of total): | 10 (76.92%) | Loss trades (% of total): | 3 (23.08%) |
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| Largest | profit trade: | 78.00 | loss trade: | -126.00 | |||||||||
| Average | profit trade: | 49.40 | loss trade: | -121.47 | |||||||||
| Maximum | consecutive wins ($): | 5 (253.00) | consecutive losses ($): | 1 (-126.00) |
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| Maximal | consecutive profit (count): | 253.00 (5) | consecutive loss (count): | -126.00 (1) |
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| Average | consecutive wins: | 3 | consecutive losses: | 1 | |||||||||
For The Full Results Go Here
Forex Conqueror Results
Week ending 2009-05-08
Forex Conqueror Results
Week ending 2009-05-01
| Details: | |||||||||||||
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| Gross Profit: | 253.00 | Gross Loss: | 0.00 | Total Net Profit: | 253.00 | ||||||||
| Profit Factor: | Expected Payoff: | 50.60 | |||||||||||
| Absolute Drawdown: | 0.00 | Maximal Drawdown: | 0.00 (0.00%) | Relative Drawdown: | 0.00% (0.00) |
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| Total Trades: | 5 | Short Positions (won %): | 1 (100.00%) | Long Positions (won %): | 4 (100.00%) |
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| Profit Trades (% of total): | 5 (100.00%) | Loss trades (% of total): | 0 (0.00%) |
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| Largest | profit trade: | 65.00 | loss trade: | 0.00 | |||||||||
| Average | profit trade: | 50.60 | loss trade: | 0.00 | |||||||||
| Maximum | consecutive wins ($): | 5 (253.00) | consecutive losses ($): | 0 (0.00) | |||||||||
| Maximal | consecutive profit (count): | 253.00 (5) | consecutive loss (count): | 0.00 (0) | |||||||||
| Average | consecutive wins: | 5 | consecutive losses: | 0 | |||||||||
For The Full Results Go Here
Forex Conqueror Results
Week ending 2009-05-01
Forex Conqueror Results
Week ending 2009-04-24
| Details: | |||||||||||||
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| Gross Profit: | 54.00 | Gross Loss: | 0.00 | Total Net Profit: | 54.00 | ||||||||
| Profit Factor: | Expected Payoff: | 54.00 | |||||||||||
| Absolute Drawdown: | 0.00 | Maximal Drawdown: | 0.00 (0.00%) | Relative Drawdown: | 0.00% (0.00) |
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| Total Trades: | 1 | Short Positions (won %): | 0 (0.00%) | Long Positions (won %): | 1 (100.00%) |
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| Profit Trades (% of total): | 1 (100.00%) | Loss trades (% of total): | 0 (0.00%) |
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| Largest | profit trade: | 54.00 | loss trade: | 0.00 | |||||||||
| Average | profit trade: | 54.00 | loss trade: | 0.00 | |||||||||
| Maximum | consecutive wins ($): | 1 (54.00) | consecutive losses ($): | 0 (0.00) | |||||||||
| Maximal | consecutive profit (count): | 54.00 (1) | consecutive loss (count): | 0.00 (0) | |||||||||
| Average | consecutive wins: | 1 | consecutive losses: | 0 | |||||||||
For The Full Results Go Here
Forex Conqueror Results
Week ending 2009-04-24
EA Banking FX Diamond
Product name: EA BankingFx Diamond
Product type: Foreign Exchange Expert Advisor (Forex Robot)
Trading methodology: Intraday Scalping
Currency: EURGBP
Timeframe: Unknown
Risk: Low
Creator(s)/Owner(s): BankingFx
Suitable for: Beginners to Seasoned Traders
Skill/Experience required: Very little
Parameters adjustable: Yes (Not recommended)
More than one advisor at a time: Unknown
Start-up capital required: This depends on the broker you intend to use, and can start form as little as US$50.
Recommended start-up capital: US$300 – US$500
Product initial cost: US$780.00
Membership monthly fee: No monthly fee
Payment method: Most major credit cards, as well as Paypal accepted
Customer support: Email support
Bonus: None
Refund policy: 100% 90-day non-performing based refund policy
Product delivery: The whole package can be downloaded as soon as payment is accepted.
EA Banking Fx Diamond works with a unique technical IntraDay strategy, it opens an average of 2 to 3 short daily operations with 90% of profitability.
The Expert Advisor BankingFx Diamond EUR-GBP is profitable in all market conditions, it has high profit factor, and the losses are very small.
The great advantage of the Expert Advisor BankingFx Diamond EUR-GBP is the PROFIT FACTOR obtained, is extremely high, on average 4.0, so it is possible to use larger lots, getting more profits.
The TakeProfit is small, so a broker who has Spread of 3 or more pips much affect the final result. So for the system to work with profit, requires brokers with Pips spread of 2 or less, as Alpari, ODL, Fibo Group, Mig Invest, ATC FX Pro, etc.
The analysis of market conditions, are made based on short term periods M1, M5, M15, M30, in order to obtain more accurately, forecast future in the short term.
It works in scheduled time, new orders are created only within the scheduled time.
The system is completely automated, for professional use, for real profits, not requiring any human interaction after its installation, but it is possible to create, terminate, modify the orders manually (not recommended).
Another great advantage of the Expert Advisor BankingFx Diamond EUR-GBP is the safety, TakeProfit turns between 2 at 5 Pips and the SpotLoss between 32 at 35 Pips, so there are no orders to put at risk large sums available in the account, that there are no orders are expecting major changes of direction of the market, reducing drastically the value of the losses, with the balance between losses and gains, much more effective in earnings.
The advantage of an automated trade system can we test the strategies with historical data, variations of prices based on minute by minute, since 1999, with that, you can determine whether the strategy is profitable or not, to operate manually, several factors can cause major damage and even loss of the entire amount of the account, because it is so manual. there’s no way to know whether the strategy work in all conditions, beyond what the human influence very emotional factor in the strategy itself drawn, as an order to see negative or positive, the reactions as human ambition and fear of loss, lead us to make wrong decisions, or injury. Manually, it is possible to win in 1 day or 1 month, but certainly all of that profit would be lost within hours or more, with a poorly planned strategy. A computer makes billions of calculations to see whether the strategy is profitable or not, the human being is unable to calculate the minimum necessary for success, is intuitive, and this is a big problem, because the injury is certain.
