Forex Pips Machine Reviews

If you have just started trading in the FOREX market or your considering it , These four basic rules could save you a lot of money and keep that shirt on your back. Of course Fap Turbo ,Forex megadroid  and a host of other forex trading robots are waiting in the wings but we will look at them later

The Five Basic Rules for FOREX Trading

Yes it is worrying starting your journey into FOREX trading .The rules and methods of trading can seem like a lot to deal with . Of course you will learn many things along the way , like which currency pairs perform the best and trends in the market.

There is however key rules and methods you should be aware of in order to keep loses to an absolute minimum and maximize profits. You will avoid many pitfalls as well as recognize opportunities that will boost your profits in the FOREX market.

These are the four rules/methods we will cover :

1) Don’t Over Leverage Your Investment

2 ) Quit When Your Ahead Know When That Is

3 ) Do your Research Before Making Trades

4) Stop Loss Orders Protect Yourself From Large Losses

5) Consider Getting Trading Robot That Will Save You Time and Money

1-Don’t Over Leverage Your Investment

It’s so easy to get caught up in the buzz of FOREX trading , However Leverage is a two edge sword. Leveraging is basically trading more money than you have in your portfolio . For example If you  have $2000 in you account some brokers will allow you to buy $50,000 of a currency .

Its better to get the know the market over time than take unnecessary  risks. Don’t get carried away as you need a steady well thought out approach to make a long term consistent  income with FOREX trading  .

2-There Is A Time to Quit – Know When It Is

When your riding high on a profitable trade ,many people don’t want to sell in the hope there profits will just keep on rising . Well values can fall as well as rise so don’t get greedy and lose your gains.

However you don’t want to cash in to quick and miss those few extra gains. Some trades you make won’t be successful. But over time and careful studding the market trends , you will get a feel for when to start and stop trading. Even Experienced traders have a few losses along the way , but over all they have far more wins that losses and you will too.

3-Doing Your Research Before Making Trades

Research is a word many people don’t like , because it involves extra work with no apparent benefits . Well in the FOREX Trading market , having an idea of history and current trends can be the difference between winning and losing . Don’t treat the FOREX market like a casino because you will lose far more than you win. Do your research. 

4-Stop Loss Orders For Protection

Stop loss is part of a system that stops you from losing too much of your investment  or profit , basically if the value of the currency falls to the value you set in the stop loss , Stop loss will sell and stop you from losing any more profit .

Stop loss should be st up before you start to trade ,and  you need to decide the value that the stop loss activates.  The successful traders use this safety method all of the time . 

5-Consider Getting Trading Robot That Will Save You Time and Money

Well after reading the four rules above you must be wondering if there is an easier way .

Well yes there is , FOREX automated robot software , not only trades on average better than humans it can also trade night and day with no interaction from you. Real live account studies have shown one particular Robot Doubling Profits every month .

To discover which is the best FOREX trading robot  visit the review site below

Click Here: Top Three FOREX robots Reviewed

Forex Robot Trading

If you are new-fangled to Forex trading and determined to study Forex, one of the primary Forex terms you will come athwart is the Forex pip. To study how to deal Forex productively you require understanding these terms. So what really is a Forex pip and how does it work in the market as an instrument that helps you understand trading and just how you will gain profit.

The contraction PIP stands for Percentage In Point or Price Interest Point. In Forex buying and selling your proceeds and fatalities are calculated in Forex pips. Noticeably it is very indispensable to comprehend what is a Forex pip. In trouble-free conditions a PIP is the negligible worth (price) augmentation an exchange that two currencies can make. Forex PIP permits us to conclude an increase or plummet in foreign swap over values in proportion terms as a substitute of calculation in dollars and cents. Forex spreads are also deliberate in pips.

Forex extensions is the dissimilarity sandwiched between the bid worth and ask worth (the put up for sale quote and the pay money for quote) which is the most important price of money trading. So now, we will look at the very reason why the entire structure of trading within the Forex environment is done in pips. We use PIP in Forex trading for the reason that in the legal tender trade marketplace there is no worldwide money in which you can point toward the foreign exchange values. Regardless of the information that the US dollar is the majority traded legal tender, the USD is not concerned in all trades. For example if you are trading in two overseas currencies or any other Forex legal tender pairs that does not engage USD, it would not make any intelligence to calculate your profits and losses in conditions of that particular currency.

Therefore traders make use of Forex PIP which is a minute proportion of the rate of the Forex currencies concerned in the buy and sell. Almost all the most important Forex currencies are extracted to four decimal points with the omission of the currency known as the Japanese Yen. For example if the proposal price any sort of currency pair referenced at certain price points, then the spread (the dissimilarity between offer and inquire prices). In terms of proportion, a pip is really defined as 0.01% of a lot.

Consequently if the lot size is $100,000, one pip would be worth $10. Please note that, this is the value of pips when the US dollar is used as the quote currency. Nevertheless if the quote currency is different (example GBP), one pip is 10 units of that currency (i.e. 10 pounds) assuming that your lot size is 100,000. As you can see, there is a lot to say about the Forex pip and how it works and it is rather essential in the game of trading. If you are trading in the market, this is the first thing and the last thing you should be concerned about.

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As you’ll soon learn, the Forex pip can be your best friend or worst enemy. First, we’ll go over what a Forex pip is exactly. Then I’ll discuss what you can do to maximize pips, and your profits, while simultaneously minimizing your losses.

What Is A Forex Pip?

First thing first. What exactly is a pip? Pip stands for “percentage in point” and is the smallest price increment in forex trading. Since most major currency pairs (the Japanese Yen being an exception), are priced to 4 decimal places, the smallest change would be reflected in the last decimal point.

In basic terms, the Forex pip is the way you measure your gains and losses when trading currency. Let’s look at an example to get a deeper understanding of this. A currency pair of EUR/USD might be bid at 1.1815 and later offered at 1.1820. This is a spread of 5 pips. So, if you bought a certain number of Euros at the bid price, and then later sold them for the offered price, your profit would be 5 pips. (Obviously. the amount of money that you make is dictated by how much currency you bought and sold for profit.)

What The Forex Pip Means To You

Successful Forex trading occurs when you maximize your pips when you trade as much as possible. Thinking long term and logically, to be successful you need to have more pip gains than pip losses in your trading. Let’s be honest, it is impossible to win every time. When everything is said and done, what you want is more pip gains than losses.

How To Maximize Pips and Minimize Losses

The perfect scenario is to buy currency at its lowest value, and then sell it once it has reached its highest value before dropping. This is a lot easier said than done. There are numerous and varied factors that determine the rise or fall of currency values. So, what can you do?

Many Forex Traders are turning to Automatic Forex Robots to do the trading for them. This is a great way to maximize pips, while keeping the risk in check. These computer programs or scripts stay current with what is going on in the Forex market and trade according to predetermined indicators set in the program by professionals. So, instead of trying to figure out everything for yourself and being glued to your computer 24 hours a day, from Monday to Friday, you let the automated Forex software do the trading for you.

Why I Recommend Software To Maximize Forex Pips

I already mentioned the benefit of having the software program keep track of and react to the currency market based on predetermined indicators. However, there is an even more important reason to use a Forex robot instead of doing all the trading yourself… EMOTION! Let me explain…

Forex trading is very exciting. Watching the pips go up and down, especially when real money is on the line, is quite a thrill. But you don’t want emotion to guide your trading. Greed and fear are expected emotions when dealing with something as exciting and potential profitable as Forex trading. And you don’t want these emotions clouding your judgement in your Forex trading. Using a computer program to do your currency trading is an excellent way to keep your trading profitable and lower risk by keeping emotion out of your trading.

It is a great feeling when you see the pips working in your favor. So if you want to maximize Forex pips and minimize losses, get a automatic Forex robot and put your trading on autopilot. It is not only a lot easier, but a lot more profitable as well.

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The 14 week ATR (Average True Rate) for the Euro has hit an all time low in the last 21 years. This clearly indicates that the trading ranges between currencies especially Euro and USD have shrunk considerably and this does not augur well for the forex trading market at all. However, the investors should not lose heart as this current situation is just temporary and, I’m pretty sure that things will look up after some time. After all, this is just a part and parcel of online forex trading and the investors have to be a bit patient till the currency trading market sees through this period.

I’d like to advice the investors to be a bit more watchful and defensive in their approach this time around because of such low daily movements. However, they should remember that this volatility is somewhat cyclical and this could also go up in the near future. In the same breath, I would say that the possibility of a U-turn in the existing forex trading signal trend can not be ruled out either. In fact, if there were no movements in the FX trading market, then it would be quite difficult for the investors to make profits, right?

However, now the major question that could be playing in your mind is whether and for how long the weakness of the USD against the Euro will linger. The dollar once again has registered a record low and this has set off a lot of questions in the minds of the currency trading investors. This has largely been the reasons why the volatility has gone down drastically in the currency market this time around.

Though this quite sounds like blowing my own trumpet, I would say that the investors using my online forex trading broker system are in the safe zone even during this bleak phase. The forex trading system developed by me offers precise, clear and accurate forex day trading signals to the investors enabling them to make right moves. Let me tell you why it has been so successful in the currency trading market. My forex trading system has been developed after exhaustive technical research, rigorous testing and years of live trading for major currencies in the market. Many subscribers of my system were quite novice about forex trading when they started off trading, but most of them have already improved their forex pips ever since they began using my system. But, I would rather you visit my site (www.forex618.net) and hear from some of my satisfied clients before taking my words for granted. Remember – they say seeing is believing!

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Forex pips explained describes what forex pips are all about. If you are looking at the forex markets as a potential way of generating extra income, then you will probably have come across this term. I could make a joke about apples or oranges, but everybody’s already done those! You will need to understand what pips are if you are thinking about becoming a home trader on forex.

You will not believe how simple it is to understand what a pip is. PIP stands for Percentage In Point. It is the smallest price increment in Forex Trading. For the US dollar one pip is equivalent to the fourth decimal point, or 0.0001 of a dollar (or 1/100th of a cent.) So, for example the US Dollar / Euro bid is 1.3400 and was offered at 1.3395 the spread difference is 5 pips. Simple enough?

However this four decimal point rule does not apply in all currency markets. For example, for the Japanese Yen a pip is equivalent to the second decimal point, or 0.01 Yen.

Why do currency markets trade in pips, simple, when the major forex traders such as banks, trade in hundreds of millions of dollars, each 0.0001 of a dollar is worth thousand of dollars.

And even for the smaller home investor, you have to remember that you are likely to be trading with a leverage factor of 100 to 1. For a hundred dollars invested, you will actually be trading $10,000, so for you, in these circumstances, a pip is worth a dollar.

One of the things you will have to think about when starting to trade on forex is a choice of online broker. When you start trading, the guidance is that you invest small amounts until you develop and understand your trading style. From the point of view of the online broker, these small investments represent a very small return on their investment of maintaining websites, help lines and providing free online training.

It is therefore not too surprising that they would expect you to close your deals for a greater spread difference in pips than if you were trading 10’s of thousands of dollars. It is just the same as buying sugar – buying a 100lb sack is going to be cheaper, per pound, than buying a 2-pound bag.

Forex robot LIVE trading results

As more automated forex robots are released on to the market we are seeing people who are not familiar with trading looking at buying them as a way to earn passive income.

Yes I agree that this can happen however you will not always make the profits that are advertised. Why, because you will be trading in different Lot sizes and this will affect the value of the pips gained and or lost. You will also set your account up differently, be comfortable with different leverages and obviously have a different margin with your broker. I believe the more you know about trading the more success you will have using automated robots.

First of all let me explain pips. Pip is an acronym for Price Interest Points. In the wholesale market, all currencies are quoted to four decimal places, with the last placeholder called a point or a pip. The pip is 0.0001 ( one /10,000th)of the currency rate, with the exception to the rule being the Japanese Yen, in this case one pip is 0.01 ( 1 /10 ). If the currency pair EUR/USD was trading at 1.3525 and then moved to 1.3575, the movement is said to be 50 pips. The pip is the smallest measure of price movement used in Forex trading and when Traders refer to their wins or loses they usually refer to the number of pips gained or lost.

The other very important point is the actual value of the pip. This relates to the Lot size you are trading (the value of your transaction).

If you start with a full Lot($100,000) the pip will be worth around $10 USD, depending on the currency pairing, however if you trade with mini lots ($10,000)the value of a pip goes from $10.00 value to $1 or 0.10c in a micro lot ($1000).

The point to remember is the value of the pip affects both your profits and losses. When the trade goes against you and the pip is $10.00 if you have high leverage it does not take long to build up hugh losses.

One other thing to remember is the brokers are there to make money from your trading, Brokers realized that they can offer very high leverage as this will draw investors from other markets, but as traders you do not have to use it.

New traders all want to know how much capital (margin) do I need to start trading. Brokers will offer 100:1, 200:1, 400:1 and this means you need 1%, 0.5% or 0.25% of the transaction value as your margin (capital).

That is what is available, but when you are working out the leverage you feel comfortable with it might be you only want 5:1

Example. You have $2000.00 capital, broker offers 200:1 (which means you will be able to trade with a transaction value of $400,000) but you only want to trade a mini lot ($10,000) your real leverage for that trade is 10,000 divided by 2000 = 5 or 5:1. That is no problem you can do that.

“Leverage is measured by dividing the value of the transaction by your own capital”

When you first start trading high leverage is very risky(actually it is always risky) and is the number one reason most people fail. Using a robot that is basically scalping (small pip gains over a very short period) is one of the safest ways to trade. However it will lose trades and a slower approach , quietly building up your margin using small leverage is the way I would recommend.

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