Pips 4 Idiots

Posts Tagged ‘Twenty Four Hours’

Forex Software Robots Versus Humans

Sunday, February 14th, 2010

Trading on the Forex marketplace has become increasingly popular over the last few years and with it comes a question “Who wins in the battle of Forex Software Robots versus the human trader?” and the answer is it is not even close. The Forex Software Robots have built in features that will destroy its human counterpart on many levels and throughout this article I will show you why if you are not using a Forex Software Robot chances are you are treading water.

1. The human condition - The Forex Software Robots completely dominate us poor humans due to reasons directly related to what I like to call the human condition. The little things such as the need to sleep, the need to eat and the need to interact with other humans just kills any chances we have with competing with the Forex Software Robots. A Forex Software Robot can run twenty four hours a day seven days a week without having to bother with eating, sleeping and socializing.

2. Emotion - Emotion is a very scary thing when it comes to day trading and competing on the Forex marketplace. All of a sudden a couple of successful transactions and you feel like superman and make mistakes that you would normally never make. Then there are the days when everything seems to hit rock bottom so out of desperation you make a few Forex trades to hopefully salvage your day and chances are it is not going to work. The Forex Software Robot does not have any emotions obviously so it can just focus on what is important like the numbers and the trends which in the end pay off much better than a revved up human who is acting from his or her gut.

3. Consistency - Blame it all on ADHD or watching too much Sesame Street when we were kids but the average human has an attention span that is not conducive to competing on the Forex marketplace. The only way to make real money by trading Forex is by being consistent at all times for a day that you are “Off” can cost you dearly. The Forex Software Robots does one thing and it does it very well which is to focus on the numbers to make the same consistent right decisions time after time.

All of the people on the edge of society have been telling us for years that one day robots are going to run the planet and when it comes to the Forex marketplace they are probably right. Us poor humans are great at a lot of things but when you throw in a five second attention span, emotions that screw everything up and the desire to eat and sleep in the end the Forex Software Robots are going to keep on winning and keep pulling in consistent profits. It is time to throw in the towel.

Want to find out more about Forex Software Robots, then visit Terry Forex’s site on how to choose the best Forex Software Robots for your needs.

The difference between the stock market and the forex market

Sunday, July 5th, 2009

The foreign exchange market is also known as the FX market, and the forex market. Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market. The forex market is over thirty years old, established in the early 1970’s. The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.

 

The difference between the stock market and the forex market is the vast trading that occurs on the forex market. There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily. The amount is much higher than the money traded on the daily stock market of any country. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries. The

 

What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash. From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any country.

 

The difference between the stock market and the forex market is that the forex market is global, worldwide. The stock market is something that takes place only within a country. The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.

 

The stock market has set business hours. Generally, this is going to follow the business day, and will be closed on banking holidays and weekends. The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones. As one market is opening, another countries market is closing. This is the continual method of how the forex market trading occurs.

 

The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar. However, in the forex market, you are involved with many types of countries, and many currencies. You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market.

 

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