Forex opposer often claim that Forex trading is equal to gambling. And when it comes to Forex automated systems - these are considered a "home-based casino". Forex supporters believe that making money in the forex market is an achievable task, not gambling.
The truth is somewhere in the middle. It is well known that a casino, offering all kinds of gambling, is one of the most profitable businesses out there. The reason for that is the fact that in the long run the casino (a.k.a "the House") cannot lose simply because in all sorts of gambling the odds are in its favor. Mathematical calculation ensures that the "House" has more than 50% probability to beat the gambler in every game, whether it is Black Jack, Roulette or cubes. Sure, gamblers do win occasionally. Casino houses want you to hear about those random winners in order to encourage you to keep betting.
But what if YOU were the "House" - the owner of a super efficient money machine? Assuming that you are not going to open a legal casino in the next future, is it possible for a forex trader to become the "House" in the forex market?
In reality, some forex brokers are a version of the known casino. Those brokers have an interest to turn forex trading into gambling while they function as the "House" (and the "House" always wins, remember?).
But here comes a huge difference between forex trading and gambling: In forex, unlike gambling, you - the trader- can be the "House" if you play the game right. The absolute proof are the top 10% of forex traders who have been making money for years. That means that they are doing something right. That "something" simply turns the odds in their favor. While in the casino even the best gambler cannot shift the odds in his favor - but only to minimize his risk - in forex trading it can be done because of the unique nature of trading. Savvy forex traders know to calculate risk/reward ratio in any given moment, to spot the right opportunity at the right time and exploit the market movement in their favor. It is hard task with a tough learning curve. But forex professionals managed to become the "House" in terms of probability.
Many savvy traders use automated trading software in order to get the valuable edge in their trading, just like large investment banks who execute thousands of buy & sell orders per day. Over time, savvy retailer forex traders as well as large investment banks are making money from currency trading. Their automated trading systems just turn the odds in their favor, day in and day out.
A good automated forex trading system can ease the learning curve of a beginner and become a stable source of income. However, "over the counter" automated trading software might be useless. If you are inclined to have such software you should consider to buy only one that you can thoroughly test before risking real money. ForexAutopilot (a.k.a F.A.P.S) is an example of a highly effective forex trading software that can be tested risk free. ForexAutopilot creator - a forex insider named Marcus Leary - allows you to try his system for 8 weeks. Here is a ForexAutopilot review that explains step-by-step how to take this system for a risk-free test drive.
Whichever trading system you choose, the rule of thumb is always "try it first". Some systems are just junk. Others are good but do not fit your trading style or technical skills. So before you spend your money try to get a real feeling whether the product is for you. In most cases, creators of good automated trading systems will give you the option to test their system risk-free.
For additional forex articles and reviews visit Currency Trading Articles.
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