The forex market is a great place to start investing if you’re looking to make some extra money on the side. It offers greater trading hours to meet the needs of traders of all schedules, and also offers a greater liquidity so you can move your money around faster than in any other market. To top it all off, over $3 trillion exchanges hands daily.

If you are new to the forex market, you should start out with an auto forex trade program to do the trading work for you so that you can learn as well as see some reliable gains come from the market early on. This is what to know about an auto forex trade program and how you can benefit from it.

A forex auto trade program automatically carries out every aspect of forex trading for you in the market without your even having to lift a finger if you don’t want to. You can simply set some limits before begins trading to guide it, or you can let it go entirely automated like.

These programs work by constantly analyzing real-time market data and reacting to changes as they come about. A forex auto trade program will first find a profitable trade or a reliable trend, invest accordingly, and from there track that trade’s performance in the market to ensure that you are constantly earning money on it.

Once that trade becomes unprofitable, it recognizes this at the earliest possible indication and trades away the now bad investment. Because these programs remain dialed into real time market data around the clock, they are always in a position to act before anyone else can.

While the technology of the auto forex trade program has been around and become more advanced in recent years, most traders are still unaware of it. Nevertheless, it is slowly growing and becoming the norm amongst traders with roughly 1/3 of all forex traders currently embracing this technology to help them trade more confidently in the market if they don’t have the time or experience to do so themselves.

The more conservative auto forex trade program and programs are the best if you don’t have the time or experience to devote to the market because these programs boast the greatest winning rates by only going after the most guaranteed trades.

This is in contrast to the more aggressive programs which will go after more risky trades if the profit potential is greater. All in all, this technology is not unlike hiring a broker to trade for you, the only difference is that you are not paying out fees and commissions on top of that to anyone, hence these programs gaining in popularity in recent months and years.

Most new traders who learn Forex trading online, will choose a Forex Robot or a Forex course and in this article we will look at the merits of each method and see which is the best for you to use.

Let’s state a well known fact first - 95% of traders lose money at trading and that’s a very large percentage, so what skills do you need to get into the elite 5% who win. Lets look at Forex robots first and then courses.

Forex robots look the better choice on the face of it because they claim they can give you an income for life for under $200.00 and best of all you don’t have to do any work for this income other than plugging the software in - its a great fantasy but the reality is all these systems lose money and the reason should be pretty obvious why…

When do you ever see an audited track record of real money gains presented by a Forex robot vendor? The answer is you don’t. All you get are simulations going backwards, knowing the closing prices and that’s so easym a child could do it but you can’t buy groceries with paper profits! You do get some vendors, who say there figures are real but don’t know about you I would like to see an audit.

If you really could get rich and make a regular income with no effort, 95% of traders wouldn’t lose money so avoid these systems. There so cheap because they don’t make money so are currency trading courses any better?

With the best Forex courses, you get what you need to win and that’s proven strategies you can learn and sure, you have to work but for the amount of work you have to do, the rewards can be life changing. You also normally get daily classrooms, you can use which show you the strategy in action so you can see how profitable it is and trade it in real time to get your confidence up. All the best courses come with 100% money back guarantees so you can see if you can win with no risk.

It’s a fact that anyone can learn to trade Forex it’s a specifically learned skill, so if you have a desire to succeed and a willingness to learn, there is nothing to stop you enjoying currency trading success.

The Forex trading strategy works and will continue to work and is the choice of some of the world’s top trading systems and if you want to make big gains you should use it too. Let’s take a look at it and how you could soon be making triple digit profits in around 30 minutes a day…

The Forex trading method we will look at here is the choice of the savvy professional trader but very few novices choose it and I will explain why in a moment but for now let’s look at the trading strategy itself. Currency prices trend and its the aim of all traders, to lock into price trends and hold them for big profits but how do you enter these trends when the risk reward is at its best?

The answer is buy buying and selling breakouts to new chart highs and lows. If for example, you look at any currency which is in a bull trend, you will notice that the trend will have started I by breaking to new market highs and would have continued its trend by doing this.

So if you want to make money trading Forex you should base your strategy on trading breakouts. If you buy the best breakouts, you can make huge gains and get in on all the big trends and we will look at how to do this in a moment - but let’s look at why most traders don’t use this method, despite the fact it’s logical and makes money?

The reason is most traders think they can predict lows highs but this is one of the biggest myths of trading. If you try and predict a low for example, your simply hoping and guessing and will lose. The losing trader cannot in a bull trend go with a breakout to the upside, because he wants to buy low, he knows the break is bullish but wants a dip in price to get in, this doesn’t occur on the good breakouts and he misses a great trading signal.

The breakout trader knows, that while he has missed the exact low, the odds heavily favor a continuation of the trend and focuses on the profit he is going to make, not the little bit of the trend he has missed!

The best breakouts include numerous tests before the break occurs. The more times the level has been tested the better the odds of the breakout being a good one. Be patient and selective when trading breakouts and look for areas other traders and the news feels are important. I like to look for at least 4 tests before looking to trade a potential breakout.

Breakout trading is one of the easiest ways to make big profits, not many novice traders use this method but don’t let that bother you, most novices lose money! If you want to win, trade with the pros and trade breakouts for bigger Forex profits.

Yes you did read the above title correctly, in this article you will find a Forex trading signal which was devised by trading legend and has been making great long term gains since the late seventies and still does today - Let’s take a look at it in more detail.

Most Forex trading signal services sold online, fail to make money and normally rely on presenting track records that are simulations going backwards knowing all the closing prices! You never get an independent track record of verified gains and the logic is never easy to understand or is not explained at all. Let’s look at our free trading signal and the logic behind it, first lets look at the rule to generate the trade and it’s an easy one, here it is:

Buy a break to a new 4 week high in any currency pair and hold your position, until a new 4 week short is hit and then, simply reverse it to a short. After that, this acts as a simple Stop and Reverse System (SAR) and you simply change direction as each new 4 week high or low is hit.

You might be thinking that’s so easy, it can’t make money but if you do try it, you will see how Profitable it is. The signal actually comes from one of the great traders, Richard Donchian and he originally devised it, to trade futures markets but it works great on currency markets too. It’s simple but all the best trading signals are and the logic of why it works is easy to understand as well and based on two recurring facts:

Forex pairs trade for weeks or months on end and every single big trend, will start out by breaking to new highs or lows and continue it’s trend by doing so. You therefore have a system which will get you a good portion of EVERY big currency trend.

The above system will make money long term and its been doing so for nearly 30 years but will most traders use it? The answer is no they won’t and the reasons why are below.

Most traders think they can trade with little or no drawdown (they believe the simulated track records produced by vendors of systems that are sold) but any experienced trader knows - you have to ride out drawdown to win longer term. If you don’t like taking short term losses don’t trade Forex - You need to focus on the long term.

In addition, most traders will think its to simplistic to make money and they can do better with, all the laughable predictive systems sold but they don’t win, you can’t predict Forex prices and all these systems get turned to dust by the market.

This free trading signal, doesn’t have any hype or a fancy name and a simulated track record but does it make money? Yes it does, The 4 Week Rule is one of the simplest and best, trading systems you can get for making long term Forex profits so take a look at it for yourself and see.

95% of all traders lose money and that’s a fact but Forex trading made easy is possible and to show you how you can win, I am going to tell you about a group of traders who learned to trade in two weeks and enjoyed stunning trading success…

Richard Dennis was a well known trader who wanted to prove anyone could win at Forex trading, so he set up a test and the test was simple. He set out to get a group of people who knew nothing about trading and taught them to trade in two weeks. He completed his test and his pupils went on to make several hundred million dollars in just 4 years - he had proved that anyone could win with the right guidance.

Before you say, these people must have been college educated or nerds, they were the exact opposite, just ordinary people a security guard, an actor, a boy just out of high school and an actor, to name just a few of the group.

So why did they do so well when most traders fail? Lets take a look in more detail and see how they achieved success.

The strategy itself was simple, it traded long term trends and did so, by entering trading signals via breakouts which all experienced traders know, is a timeless way to make money. The system had far more losing trades than winners and actually had losing periods that lasted months but long term, it did triple digit annual gains.

The key to the systems success was its simplicity which made it very robust and the fact it had strict money management rules which cut lossers quickly and ran profits. Dennis knew the system was easy to understand but the traders would all have problems following it with discipline and this is true for most traders. Most traders simply can’t take losses or stay on track, through losing periods and here Dennis focused on giving them the right mindset to succeed.

Having the right mindset is a choice - if you want to feel smart and clever and win all the time trading is not for you - but if you can accept losses cheerfully, keep them small and stay on course you can win, as the group showed.

Now you may not become as rich as this group of traders, life is simply not like that - but there is nothing to stop you winning as trading success can be specifically learned. Getting the right education is easy but getting the right mindset is harder however you can do it and you can make a lot of money as the experiment we have just looked at proved.