Winning Forex the 100k Challenge

It wasn't easy but we did it, $1k to $100k on both demo and live accounts. Let's take a moment to celebrate and then get down to business. There, was that long enough? Ok.

Why did some people make it and other give up or just painfully failed? I have narrowed it down to several reasons. Hopefully you will be able to take these lessons away from this article and impliment them into your own trading.

1. Trading more then 1% a trade.

Seems a little weird that the people who eventually made the $100k only risked a max of 1% of their capital in any given trade? Well thats what everyone who made it did. Trading this amount of capital keeps you in the game if you eventually run into a losing streak on the market. This is a vital piece of information to remember. Even though your profits will be lower then a person who risks, say, 10% a trade, your long term ability to stay in the game is far greater then the 10% trader.

2. Trading more then 3 major currency pairs at a time.

There is no way getting around it, Forex can sometimes be a risky and volitile market. Information saturates the internet about every major currency pair. Keeping track of more then 3 currency pairs will often leave the trader in paralysis of analysis. Personally i only trade 2 majors and keep up to date on those. Being a master of 2 currency pairs is far better then being a jack of all pairs and a master of none.

3. Being lazy and not constantly learning.

People change, and markets based on people change with them. Forex changes all the time, what is a favoured currency, what isn't favoured can change week to week. My point here is not to only trade the news, my point is that the people who succceeded in making the $100k were always shaprpening their skills. This market can make you filthy rich so why wouldnt you spend the time learning all you can about it? I can never understand new traders who read a few books on Forex and think that their learning is finished. If you want to make money

off Forex remember this, the cost of trading forex is Capital and Learning.

Forex Automatic

There are a large share of forex automatic robots in the cash in on and selecting the best forex automatic robot is significantly more than testing them all individually for prevalent attributes. Remember so if a robot operates for one individual, it may not operated in the same manner for you. Expecting miracles is something that you ought to give up on and instead, focus on getting a robot that is planning to help ease the trading work, not do the entire endeavor altogether. Forex Automatic

Forex Maestro is acclaimed in many circles as one of the best forex trading robots available today. The reason for this distinction is because it combines two highly complex logics to develop a winning one that can help simplify forex trading for you.

Forex maestro combines artificial intelligence along with neural networks to give an algorithm that can account for many more parameters than its closest competitor. The artificial intelligence gives it a certain human nature that is needed for forex trading at times. The neural networks work scientifically and mathematically to determine the best markets that will earn you top dollar. Combining the two results, you are presented a report of top trading scripts which you can then personally narrow down and invest in.

To top all this, the software has a very simple interface that has a clutter free design and only presents options of relevance to you. It is intentionally designed to ensure that you can get it to work in a matter of minutes and also make a nifty little profit knowing the bare essential about forex trading. It is easy to install and comes with a comprehensive manual that smoothens the entire procedure which helps it earn the title of the best forex automatic trading robot.Forex Maestro is acclaimed in many circles as one of the best forex trading robots available today. The reason for this distinction is because it combines two highly complex logics to develop a winning one that can help simplify forex trading for you.

Forex maestro combines artificial intelligence along with neural networks to give an algorithm that can account for many more parameters than its closest competitor. The artificial intelligence gives it a certain human nature that is needed for forex trading at times. The neural networks work scientifically and mathematically to determine the best markets that will earn you top dollar. Combining the two results, you are presented a report of top trading scripts which you can then personally narrow down and invest in.

To top all this, the software has a very simple interface that has a clutter free design and only presents options of relevance to you. It is intentionally designed to ensure that you can get it to work in a matter of minutes and also make a nifty little profit knowing the bare essential about forex trading. It is easy to install and comes with a comprehensive manual that smoothens the entire procedure which helps it earn the title of the best forex automatic trading robot.Forex Maestro is acclaimed in many circles as one of the best forex trading robots available today. The reason for this distinction is because it combines two highly complex logics to develop a winning one that can help simplify forex trading for you.

Forex Tutorial Currency Trading Summary

In 2003 when I started trading Forex, I was naive, inexperienced and totally gullible to the directions of the self acclaimed Forex experts. Just like everybody who was new to the market, I was told that I had to Open a new forex account with any 'good' Forex broker, do demo Forex trading for at least three to six months before trading with live money. I was also advised that in order to be in a safer position, I should probably consider hiring the expert services of Forex professionals who would do the job of trading for a percentage of the accrued profit while all I scoop the rest to my bank account! These advices all sounded promising and simple as ABC. I guess I made the mistake of not wondering why there aren't much Forex millionaires around if indeed making money via Forex trading was that simple.

About four months later I decided I was going to trade live soon but the fear of losing made me hire the services of two separate experienced Forex traders to at least take care of my initial capital while I do same later. For the next six weeks I kept seeing certain fluctuations in my Forex account with my capital going up and going down at irregular intervals, of course my 'experienced traders' provided 'expert' excuses for the instability, blaming certain market forces and of course promising me that all was well and that there was no cause for alarm as they have always weathered every market storm. This trend continued until I lost my capital almost a year later. These guys were discovered to have several other Forex accounts they manage

Forex Trading Education

If you want to earn foreign currency trading, you must have the best forex education.Currency as easy as some believe, and it often leads to some serious disappointment is not so. This is done for them, something really tried, but this does not mean that the market is hard to lick. All are successful businessmen, of course, once even novice users.

To get the best forex education, your earning potential will increase foreign currency?There are many possibilities, but they are free. The first, of course, for markets and foreign trade as much knowledge as possible to get. There are many books that can share the library if you do not want to buy. Internet of various monetary and foreign exchange reference flood proven strategies. You read a lot like you, because you need a solid foundation for understanding how markets should work.

Since the forex market as far as possible to understand, should focus on teaching analysis of forex. Fundamental analysis and technical analysis: there are two. It is better to start with fundamental analysis, as you know, the currency move is transmitted. In fact, intimate with the currency trading prices of the major factors can affect learning. You can easily and during the currency is more likely with high accuracy if the factors that predict knowledge that drive up or down.

Technical analysis is completely different. Successfully marketed only with knowledge of the market may be minimal. This method relies heavily on foreign currency trading tools that are used to calculate the direction of exchange rate movements are expected from its history. However, foreign exchange indicators, calculated to reading skills. You have the best computer, but if the data if they exist, are not well explained in the end still lost.

Well, currency brokers, forex trading does not want to lose your shirt. Now we live in, its advantages over. Help you better prepare before you take the risk. These are demo trading, when applying what you learned to read articles and books equipped with foreign exchange platform is to provide free automated. The most important part of the foreign school. A demo foreign currency trading in an attempt to develop a good strategy to spend its time c

AdSense makes it so easy

There's no complicated software to install, no need to scout for affiliates, nothing to buy and no need to even have a merchant account. So… why isn't everybody doing this? More importantly, why isn't everybody making the most of it?

It's "Hidden Money"

"Seeing is believing", they say. Most webmasters love to obsessively track their visitors, earnings and CTR's several times a day. They love to see what's there, but they often miss what can be.

Adsense doesn't give you ultimate control over which ads are served, how the ads are rotated or what each click is worth. That's a good thing, because it's hands-free income.

But many webmasters still think that once you've stuck the Adsense code on your page, there's little you can do except wait and watch.

Nothing could be further from the truth!

Google gives you a great deal of control over your ads, and especially their visual or graphic elements. By tweaking these elements to your advantage, you could easily — in as little as a few minutes — multiply your click-throughs many, many times over!

Marketing Tips - Advertising

Typical methods of advertising-newspapers, radio and television are effective if used properly, but there are other, less expensive ways to get your company's name out.

Local or cable television is an inexpensive alternative to the traditional forms of advertising. Even if you have no experience advertising in this medium, there are companies who specialize in lending a helping hand. Even if finances are a concern (as they are for most of us), you'll be surprised to discover a 30 second spot television ad can cost as little as a few hundred dollars.

Many areas have public auctions on local stations that will advertise your product, if you donate up to a certain dollar amount. The number of advertising spots will depend on how much you donate.

Remember also to send press releases to your local television and radio stations. Many times they will come out and do a story on you, if it is of interest to the public.

We volunteered to do resumes for people out of work and sent releases to all the radio and television stations. One of the three major networks in our area, sent someone out to interview us, and we were on the 6 and 11 o'clock news.

As for radio advertising, check your local stations for rates. You'll be surprised at how low some of them are. Again, if you send press releases to the stations, sometimes they will call you as an expert in your area, or for an interview. We sent releases to all the stations in our area when we started our support group, and this generated three times the number of people we expected for our first meeting.

Since most major newspapers are expensive to advertise in, check with the smaller local papers. You can advertise in many of these for as little as $25 a month. You could also offer to write a column for these publications, as an expert in the area, if appropriate