Beginner Forex Click Here Intermediate Forex Click Here Autopilot Forex Click Here

Forex MegaDroid Live Trading Accounts… New Site [ June 17th, 2009 ] Posted in » Forex MegaDroid

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

forex-megadroid-liveYesterday I set up a separate website/blog specifically for Forex MegaDroid called Forex MegaDroid Live.  Here I am showing LIVE trading accounts that are currently set up to use Forex MegaDroid.  After all, this is what potential users of the Forex robot want to know… does this robot work?

Here is my thoughts for creating a separate site…

1. ForexTradingLab.com has a lot of different posts about a lot of different Forex systems and expert advisors.  This is the place for me to put the systems that have caught my eye and that I am either thinking about getting and using, or have already done so.  Plus this is where I can put any “time sensitive” information that I think can help my readers become better Forex traders.

But unfortunately, this can lead to confusion… since there are so many different Forex trading systems and robots being discussed hereThe systems and robots that really stand out for me through testing and live trading just seem to get lost in the mix.  And that really doesn’t help you find the systems that can make you a more profitable trader.

2. I want to give visitors what they really want.  When surfing the web, reading forum posts, visiting blogs and answering emails I’ve realized one thing.  People are looking for REAL RESULTS. They are not looking for general information or opinion.  While this is always going to be part of this blog and others, I want to zero in more on what people are really looking for… RESULTS!

But again, I don’t want these results to get lost on such a big blog as this with such a wide variety of topics.  I mean, I spend a lot of money buying Forex trading systems and expert advisors.  Then I spend a lot of time testing them.  Then, if the system or robot is worthy, I put real money into a live trading account and trade thereI don’t want all this time and money to get lost here on the blog. This is why I am creating smaller, more focused sites specifically for the programs I’ve bought, tested and are trading live.

Forex MegaDroid Live

Forex MegaDroid is the first product (of I hope many), that deserves its own site.  It has passed the test, and I am trading it live.  Therefore, I have created a site specifically to talk about Forex MegaDroid and my results.  If you are considering Forex MegaDroid as an automated Forex trading solution, you can check out my results in real time on the site.

Visit Forex MegaDroid Live

Remember, these are real live trading accounts with my real money being traded.  I don’t think there is any greater endorsement for a product than to use it myself and share with you the results. I hope you enjoy the new site.

Here are some things to keep in mind…

1. These are two different live accounts with two differnet brokers.  You may notice that sometimes one account makes trades and the other one doesn’t.  This is completely normal.  This has to do with different brokers having different spreads.  Eventually I’ll probably use Forex Megadroid with 3-4 different brokers and figure out the one that works the best and increase the account balance for that one.

2. While the accounts update every 5 minutes, don’t just sit there waiting to see if it makes a trade.  Forex Megadroid usually trades Monday, Tuesday, Wednesday and Thurday after 5 pm EST.  But this does not mean it will trade on all of those days… it only places trades when market conditions are right for a low risk trading opportunity(After all, a high percentage of profitable trades is what you want, right?)

3. I’ll be posting more information about Forex MegaDroid on the blog on the site, so if you are interested in this Forex robot this is where you can find more information on my experience.  But again, the site is focused on being completely transpatent with my RESULTS. I hope you find it helpful.

Visit Forex MegaDroid Live Now!

If you enjoyed this post, make sure you subscribe to my RSS feed!

Forex Trading Beginners: How Much Knowledge To Be Successful?

Without a doubt, Forex trading beginners need to gather knowledge in order to be successful. But at some point this thirst for knowledge can actually play against your chances of success. You don’t need to know everything about Forex trading to be successful, you only need the right information.

Knowledge Without Action Is Useless

I’m going to use an example from the fitness industry, and then we’ll talk about how this effects Forex trading beginners. Go to a fitness forum and you will quickly identify hundreds (if not thousands), of posters that know a lot about exercise and fitness… that have failed to reach the goal they set out to achieve. They know all the scientific names, have studied all the top trainers and could earn a college degree with all the knowledge they know. But they are still fat, weak and with an unfit body.

You see, the mistake they are making is putting their priority on gaining knowledge, and not putting the knowledge they have into action. They spend their time in front of the computer and reading books. Neither activity gives them the results they desire because they aren’t spending any time in the gym.

How This Relates To Forex Trading Beginners

The Forex market is not something you just want to jump into. So, the beginner Forex trader wants to learn everything they can before they put any money into it. They go from one website to another. They buy ebooks and take courses. And at the end of the day all this knowledge has the reverse effect of only making them confused.

Sometimes, too much knowledge can actually be a handicap. If you had to take everything into account before you make a currency trade, you’ll end up analyzing and not trading. This system says go long… but this other system says go short. What should I do? The beginner Forex traders usually ends up doing nothing… which means they have no chance of making any money.

How To Turn Forex Knowledge Into Success

The fact is, Forex is such a big topic that you may NEVER know everything. But the good news is… you don’t have to know everything in order to be successful. You only need to know the information necessary to put a successful trading strategy into action. Nothing more, and nothing less.

You see, I am not suggesting you jump into the Forex market without doing your homework. Just opening up an account and making trades off the top of your head is the fastest way to lose money. What I am suggesting is you learn the right information really well and then put that knowledge into action.

You could spend the rest of your life studying Forex trading. And maybe you might be the one person on the planet that knows the most about Forex trading. But who cares when your goal was to actually make money trading currency. Unless you’ve figured out a way to get paid for studying, you need to trade in order to make any money.

When everything is said and done, FOCUS and ACTION are the fastest way to go from a Forex trading beginner to a successful Forex trader. Focus only on the information necessary to put a proven Forex trading system into action. But the most important part is to use that knowledge to take action by actually trading a proven Forex trading system. This is the fastest way to make money as a Forex trader.

When you are ready to go from beginner Forex trader to profitable, confident and independent trader, I suggest you take a look at Forex Nitty Gritty.

Forex Nitty Gritty is a COMPLETE video training course and Simple Trading Method taught to you by experienced trader Bill Poulos. This course gives you the information and confidence you NEED to be successful trading currency.

Read My Full Forex Nitty Gritty Review

 

Technorati Tags: , , , ,

If you enjoyed this post, make sure you subscribe to my RSS feed!

May 13th, 2009 | Leave a Comment

Forex Trading For Beginners: Avoid The Woodchopper

I’m sure you want to go from beginner Forex trader to profitable Forex trader as fast as possible. The way you learn Forex is more important for your success than the trading system you use. I call the wrong way to learn Forex the Internet woodchopper. You need to avoid this as all costs.

What Is The Internet Woodchopper?

The Internet woodchopper is the process most aspiring Forex traders go through when they want to learn to trade currency. This process usually has the opposite effect of what you intended when you started. The woodchopper normally ends up grinding up your valuable time and hard earned money without letting you achieve your goals. If you want to learn Forex, or any new skill for that matter, you need to avoid the Internet woodchopper at all costs. Let me explain…

Free Forex Info On The Internet

The Internet can be a great learning tool… or it can be exactly what keeps your from learning what you need to know to be able to take action. Most people turn to the Internet when they want to learn a new skill. And what you’ll find is a LOT of information. This is especially truth with something as appealing as Forex trading.

But the problem is, there is too much information. And unfortunately, a lot of it is only going to confuse you because it contradicts what you read on another website. Frankly, I would not recommend basing your Forex trading future on a bunch of free information you piece together from a lot of different sites and sources? Most would be traders end up in endless learning mode and NEVER end up talking action. This leads to the second part of the Internet woodchopper process.

Buying Forex Ebooks

So, you decide to buy an ebook that is supposed to teach you a simple, no fail system for trading Forex. Unfortunately, the topic of Forex is too large to learn in a few pages of an ebook. Most of the time you only get part of what you need to be successful. There is something left out, and that something is what keeps you from taking action.

Don’t misunderstand me, there are some excellent ebooks available. The problem is, if you don’t already have a strong base in Forex, you’ll lack the confidence necessary to put the information into action. So, you keep dreaming that someday you’ll be a Forex trader while you run off to buy another ebook… hoping that the next one will have the answers you are missing.

Using Forex Signal Services And Robots

At this point, you know a lot about Forex from your endless hours surfing the Internet and the hundreds (if not thousands) or dollars you’ve spent on ebooks. But you’ve still not made your first trade. So, you start to think you’ll never be able to learn trading currency and decide to let someone else make all the decisions for you. This means the use of Forex signals or using a robot.

The problem with Forex signals and automatic robots is they steal your freedom and independence… even if you are lucky enough to find ones that are profitable. Since you don’t have a clue “why” you are supposed to place an order, or what the robot is really going to be doing, you give up all control. This means you are not really a Forex trader at all… even if you are successful at making a small profit trading Forex.

This going from one thing to the next and never really achieving your goal of going from beginner Forex trader to profitable trader is the woodchopper. It grinds up most aspiring Forex traders before they make their first trade. A lot just give up after a lot of wasted time and money. Don’t let this happen to you.

My advice is to get away from the noise, information overload and confusion of the Internet woodchopper. To be a successful trader you need to FOCUS on what works, take immediate and relentless action. Only then will you truly go from beginner Forex trader to successful and profitable trader.

Click Here If Your Are A Forex Beginner Ready To Become A Successful Trader

Technorati Tags: , , , , ,

If you enjoyed this post, make sure you subscribe to my RSS feed!

May 12th, 2009 | 1 Comment
View forextradinglab's profile on slideshare


Web Log Directory

| Home | About Us | Contact Us | Disclaimer | Privacy Policy |
Powered by WordPress | Blue Weed by Blog Oh! Blog | Entries (RSS) and Comments (RSS).