forex demos

June 29, 2010 by Forex Trading Staff in Forex Mentor | Leave a comment

forex demos
forex demos

Interactive Brokers Forex Demo - Why Demo Trading is Important in Forex

Interactive Brokers Forex Demo

Demo trading is a practice account in which everything is real trading except the money. You have a pretend balance that goes up and down with winning and losing trades exactly the way a real account does. This is an excellent way to see if you would profit in real trading. I challenge all new and old traders that don't make money to trade with a demo account for 3 months and see if you make a profit. If at the end of three months you are not profitable you are not ready to trade with real money.

Demo trading is free with many brokers and the trading is done in real time and you cannot tell the difference between demo and live accounts. I use demo accounts to test new strategies and to see if I can make adjustments to my trading. Why risk real money if you are just going to lose it? If you are not 100% certain that your strategy works and you are disciplined enough to carry it out than you are just gambling and that is foolish. Anyone that is successful at anything in life spends time training, learning and perfecting their skills. Professional athletes don't just go straight to the top they have to move up through the ranks and that takes years of practice. The same concept is true in forex trading. Interactive Brokers Forex Demo

Using a demo account also helps you become familiar with a broker and trading platform before you jump in with real money. You will want to know the ins and outs of the broker before you begin. It is important to know how their stop losses work and about their spreads. Demo trading teaches you how all that works with each broker. When trading with real money you had better know how to make trades and what button does what. The time to learn is with a demo account so you can adjust and learn and the mistakes you make will not be costly ones. I find that it takes me a couple of weeks trading to learn a new platform, give yourself time to become familiar with the platform.

So take the time and learn with a demo account and don't blow a real account. Don't think that you are a superstar and that you will defy God given laws that say a person must train to be successful, If you think like that than you have already failed. If you learn to trade the right way by training and work ing demo account, than in the end you will reap huge rewards. Interactive Brokers Forex Demo

About the Author

Always dream of being Rich? Never able to make a Consistent Profit through trading?

Get your Interactive Brokers Forex Demo and be Successful forever!

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What do you think of the FOREX trading platform?

I've only had experience with the MarketAxess Fixed-Income trading platform, but am interested in setting up a demo account with FOREX. Any thoughts?

I’ve been using the FreedomRocks system and have came across a lot of posts on various forums and wanted to share my personal experience. First of all the system takes the guesswork and emotion out of trading on the Forex market. It’s a proprietary system that does 95% of the work and takes a few minutes per day to manage.

As we all know even experienced Forex traders can make big mistakes and most people end up loosing all of the money that they invest within the first couple of months. Unlike most forex programs FreedomRocks is not attempting to guess which way the market is going to move because quite frankly no one can predict that and that’s why the majority fail.

Let me emphasize that this is a long term investment strategy and not a get rich quick program. It’s a very simple and easy system to understand and I’ve never seen any other program where someone with no prior trading experience could invest in the market and actually be profitable.

The FreedomRocks system represents a complete paradigm shift from traditional Forex investment practices:

- The automated system does the trading for you

-No charts, no graphs and no more Guesswork

-Spend only 20 minutes per week managing your account

-Structures your trading: Buy Low/ Sell High

- Allows you to collect daily interest on leveraged money

-100% control over your money

I believe that this is the best system for trading on the Forex but of course I don’t expect anyone to take my word. I would encourage anyone looking for a smart way to trade in the market to take advantage of the 15-Day free trial so they can experience for themselves how it works.

For More information check out: http://www.yourforexinvestor.com

* I’ve also created a worksheet to assist people in setting up their account using the system so if anyone be interested I would be more than happy to share it.

Best Regards,
Brandon Wells
877-773-5345
bjwells@yourforexinvestor.com

p.s. I personally like the GFT platform but you can use any platform you choose.

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TsuBot-Your Trading Assistant Rocks the Russell!!

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historical forex rates

November 9, 2009 by Forex Trading Staff in Foreign Currency Trading | Leave a comment

historical forex rates
[mage lang="" source="flickr"]historical forex rates[/mage]

Forex Avenger Case Study: Profitable Trading System Improved To 789%

I recently took the very popular Forex Avenger trading system and put it though its paces using a Forex trading system software.  I first wanted to prove to myself and my readers that Forex Avenger was a profitable trading system.  Then I wanted to see if I could split test the system to make improvements for even more profit.  And the results were nothing short of spectacular.

The Advantage Of Forex Testing Software

The problem with testing mechanical Forex trading systems, where you have to trade manually, is the time involved.  Doing the testing on a DEMO account in real time takes forever... especially if you want to test for an entire year like I did!  So, using a testing software was a great option.

Using the software, I was able to use real, historical Forex data to simulate trading for the entire year of 2008.  And here is the great part... then I could test a variation of the trading system for the SAME time period to see which way was better.  You just can't do this with demo trading.

83% Profitable Out Of The Box

The first Forex Avenger test I did was "out of the box".  I traded the system exactly as David Curran taught it for the entire year of 2008.  My account grew from $10,000 to over $18,300... for about 83% profit.  So, the first test was successful... Forex Avenger made money during the test.

279% Profit In Second Test

In the second test of Forex Avenger I made some slight changes.  This is the advantage of trading a system fast using the software... it exposes patterns or variations worth testing.  And while the success rate when down from 60% to 49%, the profit went up from 83% to 279%.  In dollars, the test account grew from $10,000 to over $27,900.  Pretty substantial improvement I would say.

789% Profit In Third Test

I still felt I was leaving profit on the table, so I made some further changes.  It actually took me various tests and tweaking of the system to get this to work.  But the effort paid off, because the profit rose to an astounding 789%.  In dollars, my test account went from $10,000 to over $78,900.

Basically, by split testing slight variations of the original Forex Avenger trading system, I was able to make about $60,000 MORE over the same year of trading (2008).  This not only shows that Forex Avenger is profitable as is, a credit to David Curran, but that profits can actually be improved.

Let's keep some perspective here.  Coming up with a profitable Forex trading system like David Curran teaches with an in-depth trading manual and 22 videos is no small feat.  As a matter of fact, it took him YEARS of testing, tweaking and risking his own money to come up with this system.  And he is nice enough to share it with us.

But now, with Forex system testing software that let's use use real data to manually test systems over and over again using the same time period, the possibilities for improvements exist.  In this case, my Forex Avenger case study was a success.  I not only tested the original version and found it profitable, but was able to make adjustments that raise the profits from 83% to 279% and then a staggering 789%.  I'm looking forward to putting what I learned from the case study into practice while trading this system.

About the Author

To see slide shows and videos of how I tested this Forex trading system, go to: Forex Avenger Case Study. Get my Special Report, "Forex Avenger Profit Booster" for no cost with full details of the changes I made to increase profits dramatically.

i am looking for the historical interest rates for the last few years. For forex there is no problem to find t

There are several sites that provide historical interest rates including the Federal Reserve at:

http://www.federalreserve.gov/releases/h15/data.htm

First Republic Bank also provides a graphing program of historical rates at:

http://www.firstrepublic.com/finmkts/historical.asp

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Introduction To truefx - An Initiative by Integral Development Corporation

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