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I have spent years trading the forex and trying all kinds of strategies hoping that one day the perfect strategy would be revealed to me. It was like a search for a holy grail that would turn my trading around so I could make money. I drew the trend lines used all kinds of indicators, support resistance, I tried everything I could find. The strategies looked great on back tests and then when I would trade with them I would end up losing money.

This went on for years and I went through thousands of dollars before I finally found the secret that I had been missing. I had been looking in the wrong direction for all those years. Many of the systems were fine and people use them to make money all the time. What I was missing is I never took the time to become a good disciplined trader. I was to busy searching and inactivity to have the ideal forex strategies revealed.

It doesn’t matter how good a system is if you are not skilled at trading with discipline and consistency. I would always blame the strategies when I didn’t succeed but the problem was really about my own trading habits. This is the very reason that most traders change at trading the forex.

It takes a lot of discipline to effectively trade a system without letting your emotions like greed and fear begin to drive your trading decisions. When you try to trade a system and these emotions kick in it alters your results to where you are not really trading a system any more. If your emotions are all wrong for trading a winning trading strategy can swiftly become a losing game.

Another problem that forex traders fave is that they are dealing with a 24 hour a day market. In many ways this is an advantage to the forex but it’s also a huge disadvantage. The problem with a 24 hour market is you can’t be there to watch it all day to catch all of the trade signals. Unless you have a team of people working with you this makes it a difficult market to trade.

I don’t know about you but I don’t like to spend all of my time watching currency charts. For me the solution to all of these major problems is to use an automated forex trading program. These programs are called robots and they will watch the charts for you and place your trades based on a system that has already been proven to be profitable. Robots are simple to set up and once they are set up they will do everything for you while you spend your time doing whatever you want.

You just have to make sure you get one with a proven history of making a profit in live trading. Watch out for back tested claims, back testing isn’t different than trading live. Make sure you can test it on a demo statement first to make sure it makes money.

Using a robot is the only way I have ever got consistent profits from the forex. And I can spend time doing other things I enjoy while the robot automatically makes money for me.

For me using a robot is the only way I have found that I can get consistent profits in my trading. The robot makes money automatically while I can spend my time doing other things that I enjoy.

Watch the automated forex robot that I use trade the forex live.

There are two primary forces that drive forex markets: Fundamental forces and Technical forces. Each can be used to evaluate and choose potential trades, but what is the difference and which is best?

Technical forces are a reflection of fundamental analysis at the current market price. While fundamental forces include things such as money supply, interest rates, economic and financial reports, equilibrise of trade data, and things of that nature.

In the past, most professional traders have primarily used fundamental analysis to determine their trades. With many hours apiece day devoted to trading they were healthy to invest the time required to do this type of analysis properly. However most amateur traders simply do not have the time it takes to do this type of trading properly, without taking short cuts and seriously compromising their data.

The main problem with fundamental analysis is that because you need precise timing to move with the markets, you must always be “on”. Successful fundamental traders have usually prefabricated trading an integral part of their lives and they are never far from their trading platform — when a news story hits they are ready to trade.

Amateur traders on the other hand don’t usually have the many hours required on a regular basis to watch the markets and react in time. When they do try to trade using fundamental analysis they often get taken for a ride as they are simply too far behind the market to realize profits.

What you need to realize about fundamental analysis is that the underlying data doesn’t matter — all your are concerned with is how the market reacts to that data.

It’s important to note that most fundamental data is projected, meaning that the projections change based on the release of news or reports, rather than being created by them. What this means to fundamental traders is the timing of analysis is the most important thing and you profit due to the swing in market reaction.

Technical analysis, on the other hand, requires a lot less time and effort. It also grants you greater flexibility and mobility in the markets. Technical analysis, being based on fundamental analysis at the current market price, gives you a shortcut as all the fundamental work has been done for you by the market. You simply establish your trading conditions and ride the trend.

As you might have guessed, trend spotting is a crucial skill in technical analysis. Successful technical traders are healthy to identify, confirm and enter a trade with just a few key indicators. And they give themselves enough time in the trade to realize profit targets while identifying, confirming and exiting the trend before it comes to an end.

This is why I advise new traders (and pro’s alike) to trade based on technical analysis. You leverage all the hard work done by the fundamental traders without exposing yourself to the time, energy and effort required to do all the work. Because of this you can trade in just a few minutes apiece day and still make more money on a consistent basis.

If you want the ideal chances of success in forex, you should look for a forex training course that uses technical analysis, such as the Forex Profit Accelerator.