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Trend Following in The Forex Market

PostDateIcon July 24th, 2009

For those who are seeking success in the Forex Market, there is really only one proven concept. That is trend following. Trend Following works in every asset class over time ( with strong discipline and patience) such as commodity trading, futures trading, stock trading and forex market. The basic premise there is a break down or break out and the trader enters his/ her position. What differs in many cases is the time frame. There are those who are glued to the computer screen trying to day trade the forex market. In all honestly with all my years of commodity trading and investing, I have yet to find anyone who has invested in this manner who has succeeded long term. Even more than that…there are times in which there are no trends in forex, regardless with all the crosses potentially in the forex market. There are commodity trading advisors who have special funds considered financials and currencies. When there are moves, these commodity trading advisors can have big profits..however I have seen very long flat periods and sustained draw downs.
In my professional opinion one should always have forex and currencies as an option in a large group of potential markets. The key to long term success with commodity trading and forex market is to make yourself available when there are trends. The best way we know how to do this is trade tactically. This means, we use a rate of change & relative strength to determine the strongest markets and weakest markets. This becomes our universe, thereafter we use multiple systems for entries and simply trend follow if a trend develops. One never knows when they put on a trade… it is 50/50. More so, the majority of the trades don’t work. That does not matter as we have numerous small loses…and occasional LARGE PROFITS. Year in ..year out..there are bull markets and bear markets in all the commodity markets and forex market. Currently there is an interesting sugar trade which has been nicely profitable. Maybe this is a sign of inflation on the doorstep?
Some people trade the forex market as entertainment. People trade the forex market because they think they will get rich overnight. Both of these are wealth destroyers. If you want to compound your way to wealth consider trend following and have patience and discipline. Commodity trading is one of the easiest yet hardest to achieve. Surround yourself with people that understand risk and money management. Find a quality financial advisor or commodity trading advisor. There are thousands of both, yet very few have the experience that they truly understand risk.

Andrew Abraham
www.myinvestorsplace.com

Futures and commodity trading involve substantial risk.People can and do lose money trading.

My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I am a commodity trading advisor/co manager of a commodity pool who adheres to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets us apart from other Commodity trading advisors and commodity pools is that we are not only concerned about the return on investment but how much risk you will have to tolerate to achieve your goals.

Article Source:http://www.articlesbase.com/currency-trading-articles/trend-following-in-the-forex-market-1065364.html

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Why I like Robominer
In the Forex marketplace, almost every week we see the release of some new trading system or Expert Advisor (an EA is an automated forex trading robot). Some of them work while most of them don't. However there is one EA that has been constantly making profits over the last year, generating over 86,908.00 pips in profit, and generated a 314% return in just 12 months, according to company figures.

This system that only a few seem to know about is RoboMiner. The RoboMiner EA is a long term investment system that pumps daily small profits into your account, it always closes trades with a profit. That's right, you will never have any trades close with a loss.

The RoboMiner EA uses a proven grid trading system that is so safe, it's as if your money is in you IRA account. This system generates a minimum 6-10 % return monthly, with compounding that's 100% return a year.

Let's do the maths here. If you invest $2,000 today, in 9 years from now that will turn into $1,000,000 minimum. Where else can you find such a safe investment that will give you this kind of return?

Best of all you can download a free demo of this EA, test it for as long as you want and see for yourself how it performs.

So go ahead and try the RoboMiner EA today. Click here to download a FREE copy of RoboMiner. You will never have any trades close with a loss.
What Are The Best Forex Robots?
Watch out. The only thing that some "autopilot" forex software products will do for you is... analyze the market. Sure, that's great because when a computer does all the analytical work for you, you don't have to sit in front of a screen looking at charts and candlesticks for hours on end.

But a ROBOT program goes much further.

Forex robots will actually DO THE TRADING for you, as well as the analysis work. A well-written Expert Advisor (EA) will buy at the right time and sell at the right time. It's the ultimate in hands-free currency trading... as long as it's a well-programmed forex robot.

So what are the best forex trading robots available today? I've tried several but only identified one I am happy with at this point... RoboMiner. It primarily works with the AUD/NZD currency pair and is programmed to only trade when you will make a profit. It takes profit when a trade has reached a 1.5% profit.

Why I don't like these EA's

PipsMiner. I first used the wrong settings and as a result lost money. Then I corrected my mistake and entered their recommended settings but still lost money with PipsMiner SE version. Here endeth my very brief PipsMiner user review.

Forex Megadroid. I was running the default settings in demo mode and it didnt turn a profit for me, so I got a refund from ClickBank. That's the nice thing about buying through ClickBank. Although the site promises world class support, it fell far short of that in my experience.

ForexBling. Support was inadequate. I had several questions about setup, but they were answered in just a few words when my questions really needed more info. Even the brief answers did not address my actual questions in some cases.
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