What is Forex Trading?

You can see it as the trading of different currencies. For instance, let's say you decide to go on vacation from South Africa to the USA. You have to take some dollars with you so you go to the bank and take your Rands in exchange for Dollars. At the time of buying the dollars the exchange rate is 7 to 1. For every R7 you sell you get $1. Let's say you bought $1000, at the exchange rate given you have to sell R7000. You go on holiday and spend let's say $900. When...

Continue reading ...

In this second post of "Do expert advisers or Forex robots really work?" I will take you through some real live examples of what I meant in part 1. In part 1 of this post I talked about how the creators of these Robots curve fit the parameters to create a so called, profitable robot, that everyone wants to buy.

I just want to make one thing very clear here, I'm not slamming or discrediting anyone in these posts. I'm just showing how some of these results are generated. I program EA's as well,...
Continue reading ...

I thought of writing one post on this subject but it soon became evident that the post will just be too big, so I decided I will split the post into parts. This is the first part in a series of three. I will try and make this as informative and interesting as possible.

Right, so lets get started. One day you decided it's time you bought yourself a money making forex robot. You heard about this cool thing called an expert adviser that trades automatically and makes a bucket load of cash.

Before...
Continue reading ...