Friday, January 15, 2010

Discover If Forex Prediction Software Really Works?

Forex Prediction

As a forex trader you might definitely know that forex is all about making correct predictions and you might also know how tough it is to make this prediction manually.

Though it does not require any technical knowledge the risk involved in this is pretty high. Considering the volume and size of the forex market, even a single misjudgment will turn crucial.

This prediction involves a clear understanding of the market, the current trend in the industry, how long will the current currency pair rising high and many more. To help traders to do this work and to minimize the risk involved, forex prediction software is available in market today. Here are few lines that will clear your doubts of whether this prediction software really works?

Also called as forex robots, these software systems are capable of making accurate predictions in the currency market. Some of them have the capability of only generating signals and alerting you of the possible entry and exit criteria while others are fully equipped to automatically carry out the entire trade for you.

These software systems are designed based on the highly efficient neural network algorithms and are capable of predicting with almost 90% accuracy. Some of the facts about these forex robots, state that almost 80% of the trade carried out with these robots are successful and has resulted in huge profits to its owners.

One important thing about these software systems is that they are free from human errors and can operate 24*7 without any impact of emotion or tiredness. Thus these prediction software systems are really worth for their money considering the huge profits that they are intended to produce.

Monday, January 11, 2010

Forex Currency Prediction For 2010 - Where's the Market Headed?

Making predictions is always risky because the chances of you being 100% correct are pretty slim. This Forex prediction for 2010 is based on my own opinion only and how I analyze the market and the world's economy. Don't base your trading decisions on my opinion only. Make sure you actually believe the same things I do.

That being said, now I can say what I believe will happen in the Forex market in 2010:

1. The USD will rise - The economic crisis, low interest rates, and big deficit weighed down on the US dollar throughout 2009 and brought it to very low levels. The troubles of the American economy are not over. There are still challenges to face as the deficit is still huge and the economy is still not back on track.

However, there are signs of improvement for the future. In addition, there is indication that the FED will raise interest rates in 2010 which is certain to cause the dollar to rise.

2. The Euro will fall - I can't say by how much but I think the European currency is heading for a decline. There are just too many unstable nations in the European Union, too many shaky economies. We all know how Greece is in serious trouble and Spain is not far behind. There are many more nations (including Britain) which are in a deep financial crisis.

While the USD has already suffered due to the financial situation in 2009, in 2010, the EUR is set to bear the brunt.

3. Political instability may cause major fluctuations in oil prices and currency values. The West seems on a road for a confrontation with Iran which may have a dramatic, short term effect on the market.

4. As to the market in general, I believe that it is going to grow in size. More money will enter the market and it will continue to be the biggest financial arena in the world. More new automatic tools will be developed, and, as has been before, there will be plenty of opportunities for savvy traders to make big profits.

There you have it, my personal Forex prediction for 2010. I hope this will prove to be your most lucrative year ever. Good luck.

2010 is the time to dig deep, expand your trading knowledge, practice, and create an array of trading tools and methods which you know how to work with.

To get a FREE report on how to choose the best broker, find the most accurate robots, and build the finest trading strategy for you, click here: Free Forex Strategy Report.

To discover which is the best Forex robot in the world, read this review of 3: Automatic Forex Trading Software Review. John Drummond works from home. He writes often on business, trading, and finances.

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