Automated Forex Software - Forex Trading Made Easy

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Automated forex software, also known simply as forex robot is a product of innovations in technology and the tricks of the best traders in the forex market. It automates trading decisions by using in built features that analyze the market in a fast and logical manner. It makes forex trading simple, fun-filled, quick and thought-free!

To make trade decisions that are profit making, automated forex software can be used. It serves both beginners as well as experienced traders; small account holders as well as large account holders. It limits risks by having 'stop loss' breaks in the system that automatically quits trading when some thing unexpected happens.

In automated forex software, decisions are arrived at in a methodical way. The algorithms are written to analyze various parameters and pick trades that maximize profits. The decision making process is not only precise but very fast. There fore a lot of time can be invested in actually playing around in the market, getting into action, rather than wasting time in pondering over trade decisions and analysis. Forex robots also offer high usability; they are easy to navigate and all the thought process and calculations that go into decision making is done by them. They provide reports for gathering real time information about the accounts.

Forex software is simple to use. Hence it can be used by novices too, who do not know much about forex trading and yet want to participate and make profits from the forex market. There are automated forex software available that come with real-time proof of profits and money back guarantee, if the advertised results are not achieved.

Forex Boomerang promises its users to be an ultra powerful, fully automated tool that will make profitable trade decisions. It can be set up to trade forex 24 hours a day for 5 days a week. It has a low risk and high return formula built into it.

FAP Turbo is automated forex software that is very simple to use yet guarantees exponential profits in a very short period of time. It can be used effectively with small and large trading accounts. It provides live proof of profits being made using real time accounts for its customers.

Forex Maestro is a robot that is supposed to have artificial intelligence built into its system promises that the system is fool-proof and can gather in huge profits. It claims to compare very advantageously with the other forex robots available in the market.
by Allison Wood

Forex Fundamental Analysis

One strategy used by traders to make trading activities is to conduct a fundamental analysis. Fundamental analysis is an analysis that uses a current events, political and financial policy trends, and the overall economic movement. A trader usually use this technique when the trader wants to make a long-term trade. You should know the fundamental analysis there are two factors that can affect the movement or the underlying trend, these factors are economic factors and environmental conditions. In fundamental analysis, there are two subcategories, namely capital flows, and trade flows.

Tracking Balance of Payments
In this case we learn about the demand for currency during a certain period, usually known as the balance of payments. Net capital flows is the amount of currency bought or sold through investment, which can include a variety of investment whatsoever.
Trade Flows
The second step we need to do to do a fundamental analysis is to measure the flow of trade, imports and exports which occurred in a country and its impact on the value of its currency. In this case international trade has a major role in the forex market, since importers must sell the currency to buy foreign goods or services. This is one of the ways used to understand the changes in exchange rates, and to predict the condition of the currency.

Monitoring Global Events
As I tell before, that fundamental analysis is always affected by global events, and has a very significant impact on international investment. This can create a situation of political economy has become something very important in doing forex trading activities. Any change in the relationship between the governments of other countries may affect the price of any currency pair in the forex market. So, to make a profit in accordance with our desires, we must always follow the news that is happening at the moment.

Rating Downgrades Drop Icelandic Krona

The Icelandic krona declined to the lowest level in almost seven years against the U.S. dollar yesterday after the rating downgrades by S&P and Fitch rating agencies raised the risk-averting mood among the investors.

The drop in this national currency reached more than 17 percent this week after the central bank pledged to nationalize the century-old Glitnir Bank as it failed to pay by its short-term debts. Investors believe that the central bank won’t be able to help all the banks and the country will face a strong financial crisis.

The USD/ISK is rising for the sixth day in a row now — the longest rally in more than 3 months. Traders lose confidence in the financial system, the Central Bank of Iceland and its ability to resist crisis. That plays against the krona’s value.

USD/ISK rose from 108.16 to 111.29 as of 13:12 GMT today. It reached 111.51 rate yesterday — the highest rate since November 2001 after closing at 94.35 at the last week’s trading session.

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Taiwan Dollar Rose on Bail-Out Expectations

The Taiwanese dollar gained today after four days of declining against the U.S. dollar as the speculations that the U.S. senate will approve the $700 billion bail-out plan by the end of this week spurred confidence in the Asian currencies.

The Taiwan’s currency rose from the 8-month bottom versus its American counterpart with the whole third quarter of 2008 being the worst for TWD since the Asian crisis of 1997. Taiwan’s central bank intervened with about $600 million of USD yesterday to support the local currency on the Forex market.

The early fears of the investors, that the U. S. Congress won’t pass the Paulson’s $700 billion plan to buy out troubled assets, created a lot of risk aversion, which in its turn pushed Asian currencies to the bottom. Now the panic is cooling down and the traders expect that the plan will be accepted soon.

USD/TWD dropped from 32.130 to 32.045 as of 8:06 GMT today after closing at 32.275 during yesterday’s trading session.

Yen Trading Higher as Stocks Tumble

The Japanese currency ranked among the best performers in currency markets after several days of losses as stocks declined worldwide, attracting traders to the safety provided by yen-priced assets, and favoring also safer bets in financial markets globally.

The South Korean won was one of the biggest losers versus the yen after climbing sharply due to a report showing a significant quarterly growth for the Asian emergent nation, in a movement that can be understood as a correction by traders. One of the biggest winners today, but still losing against the Japanese currency was the Australian dollar, that benefited from side effects of a Chinese official statement suggesting that industrial production is growing massively in the country, which is good for the South Pacific nation since Australia is a major provider of commodities to China. The Swedish krona also lost significantly versus the yen as the country is still suffering from central bank statements last week that affirmed that interest rates will remain low until next year.

Most analysts concord that financial markets are having a moment of correction this week after stocks and higher-yielding currencies touched the highest levels in 2009 last week. Even if this Tuesday is producing rather negative numbers, most of traders are still expecting gains in riskier assets towards the end of the year.

EUR/JPY traded at 136.47 as of 14:00 GMT from a previous rate of 138.49 in the intraday. GBP/JPY traded near stability at 150.35.

If you want to comment on the Japanese yen’s recent action or have any questions regarding this currency, please, feel free to reply below.

Pound Extends Gains on Mortgage Approvals

The pound has been recovering steadily this week and extended its gains this Thursday as mortgage approvals in the British Isles rose, adding investors’ confidence to inject capital in the U.K.’s financial sector, fueling attractiveness for the British currency.

The pound rose today after mortgage approvals came better than expected, indicating that British real estate sector may be recovering, which coincided with a quarterly GDP reporter in the U.S. indicating the first growth in 2009, attracting traders to riskier options and favoring the pound in currency markets.

GBP/USD traded at 1.656 as of 02:10 GMT from a previous rate of 1.6386 yesterday.

If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.