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20 Factors For Forex Success

 

Today I’m going to give you 20 steps, or factors that will help you become a better trader. I look at the emotional elements of Forex trading, and other elements that you should pay close attention to in your trading process.

  • Confidence in a plan

    What percentage of your exits are: at your price target at your stop loss somewhere in between the two above? If a large proportion of exits fall into option c., then you are saying that you don’t have much confidence.

 

  • Top forex traders keep score

    Top forex traders know what works best for them. They don’t guess, they look at the numbers. Specifically, they record data about set-ups and their trades and then analyse that data. So, for example, they know what’s coming next.

 

  • Forex trading: If you think you are beaten

    As you start trading, you will get knocked down, over and over again. You will come to learn that Forex trading is less of a sprint and more of a marathon. You need a strong mind to succeed.

 

  • Forex trading: Anchoring your emotions

    During times of trading turbulence, it is essential that you are able to keep your emotions in check. This will allow you to stay in control of your processing faculties and maintain your normal levels of self-confidence.

 

  • Manage your emotional state

    In your trading, there will be times when you feel totally in control and others when you feel totally dysfunctional. This can be when you are experiencing emotional states such as irritation, guilt, anger, frustration, doubt, fear or greed. Luckily, we don’t rely on emotion much here, because we focus on systems rated highly by Forex Robot Nation.

 

  • Forex trading: our perception becomes our reality

    How we think determines how we act. A person who sees a glass of beer as half-full is someone who perceives a world of plenty. The person who see a glass of beer as half-empty is someone who perceives trades negatively.

 

  • 4 common faults of novice traders

    The 4 faults listed below arise because Forex trading is such a counter-intuitive activity. They are easy traps to fall into and very difficult to resolve. The desire to be rich In most areas of work can get in the way.

 

  • How to handle losing Trades

    It’s a fact that your forex trades will be a mix of winning trades and losing trades. How you deal with both types of trades is a measure of how successful a trader you will become. When you have a losing trade, you need to learn how to bounce back. That’s one of the main things that I like about a system like Forex Fury. This software scalps, and while it almost never loses, when it does lose, it comes back very strong, and quickly.

 

  • Three Trading Losses

    How many consecutive trading losses will you take before you feel compelled to correct your approach? Is it three consecutive trading losses?That seems to be the average number. And what is it that you do to correct your approach?

 

  • Feeling good about losses

    You can feel good about losses if you understand that trading is a game of probabilities. First of all, you need to ensure that you have a trading edge. This means that you have a strategy that has momentum in either direction.

 

  • Motivation to Change

    Many traders engage in destructive patterns of behavior which seem to enslave them. Why do they continue on the self-destruct path? It’s because the pain of continuing on that path has not yet exceeded their perceived pain of change.

 

  • Goal setting

    Climbing a mountain starts with small steps, perhaps even practicing those small steps on a gym wall. To be a successful Forex trader, you also need take small steps and ensure that you are constantly learning.

 

  • Learning optimism

    Do you sometimes blame your Forex trading losses on an external force? Do you believe that the Forex markets are manipulated or that brokers go stop-hunting? If you do, you are not alone. Knowing that others have the same though process, will only help you in vindicating these feelings.

  • Optimism

    If you lost your wallet (or purse) while shopping, how would you react? Would you be a pessimist and not bother telling the police, assuming that the finder will keep the money inside. Or would you be an optimist and believe that you will get it back?

 

  • Taking steps towards goals

    Most traders can identify areas to improve. However, few traders actually have a process for implementing the steps necessary to achieve the improvement.

 

  • Important goals

    Imagine that a trader friend of yours has a lifetime goal of owning a Super-yacht and it is this goal that motivates their working day. If owning a Super-yacht doesn’t float your boat, it’s an impotent goal for you.

 

  • Following the Rules

    Following the rules is difficult. To maintain your self-control. you need to know at a CONSCIOUS level what you are feeling and saying to yourself. It is only when you are aware of what’s going on internally that you have control over the external.

 

  • Quiet markets reveal the best traders

    I used to race sailing dinghies as a young man and it was obvious that anyone could get around the race circuit when there was a decent wind blowing.

 

  • Different states produce different behaviours

    People generally behave differently when they switch from one emotional state to another. Shifting from a calm state to an angry state can result in behavior that would not be normally seen.

 

  • Your trading processes

    Your trading processes are the way you approach your trading. They are not something that you think about once, write down and then implement. They are actions that you develop and refine as you practice your trading.

 

I know that some of these thoughts weren’t flushed out, but moving forward that’s something I’ll work on, and certainly add to. Either way, thanks for reading, and as an aside, join with Forex Steam today.

 

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Forex Fury Review: #1 EA Download

Today I want to introduce you to a Forex trading robot that is a 100% must download, Forex Fury. This software is the perfect complement for any Forex trader that utilizes the meta-trader 4 platform and is looking to gain some additional pips. With a long track record of success, countless user reviews and verified trading results, there is no going wrong with this impeccable tool.

The product is owned and operated by FuriousTrading INC. located at 368 Congress St, Boston, Massachussets, USA. You can email support to learn more about the product at support @ forexfury.com, or by going to their website and clicking on the contact page tab at the top right of your screen. The support team generally answers emails within a couple of hours which is extremely rare in this marketplace, but I appreciate it.

Setting Forex Fury Apart From Other Robots

My personal experiences with the Forex fury robot are outstanding. I’ve been using the robot since 2015, and during this period of time I’ve been able to compound my earnings and cash out many times. Since my purchase, I’ve made back the purchase price over 100 times, and that’s no joke. To be more specific, after my initial purchase, I ran the software on a demo account for 2 weeks and then switch to live for 4 weeks. During that 4 weeks, I was able to double a $1000 trading account to $2000 using some aggressive settings packages.

There isn’t another EA in this market that would be able to double or triple an account in as little time as Forex fury can. The reason why it is so successful, is because of its specific time-based strategy. Fury utilizes a scalping methodology which enables it to pick up pips one hour a day when the market is more likely to be ranging. Frequently, you can see fury when 7 to 10 trades in the matter of minutes picking up 50 pips because it is constantly capitalizing on the small market movements during ranging conditions.

This trade logic isn’t used in other Forex robots, but it should be. I wouldn’t be surprised if you have the Forex robot sitting on the shelf that you haven’t used in years that could actually bring you profit if you used it at the right time of day. Luckily, the developers of this EA have done that research and have made sure that the software only trades in a. That is low risk and high reward.

Built-In Trading Features

One of the main aspects of the Forex Fury software that I appreciate the most, is its compatibility. With that being said, let’s go over some of the features.

 

  • Compatible with NFA, FIFO and MT4 Build 600+
  • Run It With Any MT4 Broker
  • Free Proven Settings
  • ECN Support
  • 24/7 Customer Support
  • Multiple Trading Filters
  • 5 Minute Installation
  • Real Trading Results

 

This is a shortened list that could be much longer, but I don’t want to just spout off information that you already know. One of the most important aspects here is the 24/7 support. I’m sure if you’ve ever traded in this market and tried to contact a Forex robot support team you’ve been very disappointed in your experience. So, I challenge you to email Forex fury and see what type of response you get before even signing up. You will be happily surprised by the result, I can guarantee that.

 

The next most important element, is the trading results but that’s obvious.

 

Trading Results That Matter

The transparent nature of the Forex Fury development team gives me a lot of confidence. They are willing to upload their accounts to my FX book and show the world exactly how their software trades on a daily basis.

 

My favorite account is their 50K, which has been running for over 8 months and has yet to lose a single trade.

This account is in line with the results that I’ve had, and it shows exactly how a specific time-based strategy can have such a powerful impact. Instead of fighting against the market, this EA uses knowledge of the market to the advantage of every client.

 

What Are People Saying?

If all the features and the results aren’t enough to prove how reliable this software is, then you don’t have to look any further than the customer reviews. Forex Fury has done nothing but stockpile positive user reviews on Forex peace Army and Forex robot nation ever since its release just under 2 years ago.

 

The common thread with all of the reviews, is that traders are extremely happy that the system performs in line with the trading results that can be found on the home page.

This is rare, and another reason why the robot sets itself apart from so many others.

Conclusion

Forex Fury deserves the 5 star review that I’m giving it today. This strategy and unique methodology is exactly what the Forex market needs. My hope is that other robot developers sees exactly what the developers of this system have done, and utilize the same sort of streamlined process that is being used here today.

 

For more information on Fury, check out the official Facebook, Twitter, LinkedIn. There’s also a few impressive blogs dedicated to this service as well, WordPress, Weebly, Blogspot. There are all good sources.

 

Thank you for reading the review, and feel free to leave a comment with your thoughts.

 

See Official Site

 

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Forex Robot Nation is the Ultimate Resource

Today I want to walk you through the website and the community that transformed me into the trader that I am today, Forex Robot Nation. There’s many ways you can utilize this website to your advantage, and that’s what I like about it most. If you are an avid market watcher like myself, it’s important to have a review website with an active community like this one so you know exactly what traders are using in the current climate.

The website is run by PatrickFX, a trader with over 15 years of experience in the Forex marketplace. In 2009 Patrick decided that he would take part in the automated trading boom, and hasn’t looked back since. While the majority of trading robot review sites have fell off, Patrick has continued to run Forex Robot Nation because he truly believes in automated trading and has discovered some of the most popular Forex robots ever to be used by the trading community.

 

Forex Robot Nation Review

The Forex Robot Nation website offers so much to the Forex trading community. They pride themselves on providing actual tools and content that will help traders achieve new levels of success, and I’ve personally been rewarded by this fact. They release a new review every 24 to 48 hours, so there is always new content to consume. The majority of the reviews are on Forex robots an expert advisors but they will also include binary options systems, Forex indicators, Forex Mentor groups and anything else Forex trading related.

 

When the website first started, it was focused solely on Forex robots, but over time it’s developed into a much larger and more effective entity.

 

There are 5 main pages that I visit frequently on the Forex Robot Nation website.

 

  • Front page
  • Best Forex robot tests
  • Best Forex brokers
  • Members area
  • Binary options lab

 

First of all, you can’t look past the front page of the website. The first page is excellently crafted because it has the top 3 highest rated trading systems right at the top, followed by all the latest news and Forex robot trading. I really like that they keep products like Forex Fury and Forex Steam at the top of this page, because it keeps me involved in the conversations being had by current traders that are always looking for new ways to profit and grow their accounts.

 

Then, of course the Best Forex robot tests page keeps me up to date on what PatrickFX is currently using, and the same goes for the Best Forex brokers page.

 

The members area is what got me started in Forex, but I’ve since found that it hasn’t been updated in a while. The Free robot still works though, and it’s a great way for traders to dip their feet in the water and get a taste of automated Forex trading in MT4.

 

Community of Testers

 

Forex Fury and Forex Steam are the two main trading systems that I subscribe to, so I can never get enough information on all the tweaking and testing.

 

Traders are always playing with the different functions, and features to create new strategies, and if you spend the time to read these comments, you will be able to have some pretty outstanding months.

This is a recent conversation in the Forex steam review comments section, that shows traders are testing different pairs and sharing their knowledge with the rest of the community. I can’t tell you how many times I’ve gone into the comments section of a Forex robot review and come out with a new trading strategy that makes me steady profits for a few months. The point I’m trying to make here, is that you need to take advantage of the resources right in front of you.

 

Forex Robot Nation has done such an incredible job at putting together like-minded individuals focused on growing their Forex trading accounts using expert advisors. If you utilize this information properly, you can easily automate your trades and grow your accounts.

 

Just don’t forget to check back from time to time to see what’s new and what’s working for the community in current market conditions. This testing process is probably the best thing offered on the entire website, and it’s just developed naturally over time.

 

Other Forex Robot Nation Resources

 

Forex Robot Nation also has a very strong social presence. You can find daily updates on Facebook, Twitter, and their YouTube channel. All of which have thousands of subscribers, and active users discussing Forex robots.

 

I don’t spend too much time with the social networks myself, but I understand that it is a very helpful way to reach out to the community. I do like seeing the latest posts pop up on my Facebook feed, because it’s a reminder that I need to get off of Facebook and focus more on my trading.

 

I do like the YouTube channel as well, but I notice they haven’t done a video and the last couple of months. So I’ll probably email PatrickFX and tell him that I miss his voice!

 

Conclusion

 

If you are interested in automated trading, Forex is the only market that has sustained success in this regard. In 2009 there was a huge boom where the Internet was essentially going Forex robot crazy. During this time, there were marketers galore trying to push trading systems and collect easy profits from a gullible and naïve Forex trading community. This left a lot of people with the sour taste in their mouth, but in the end it was all worthwhile.

 

Now, almost 10 years later Forex robots are better than ever and helpful websites like Forex Robot Nation have stuck around to help develop and enhance automated trading for everyone.