Updating my new website

Hello,

I have been working on updating my new website. I have completed my lenghthy review of Forex Auto Pilot Turbo.

Yesterday, I posted an introduction to Day Trading and today I have posted my review on ForexMegadroid.

I am always running, but doing my best to improve my website and post on this blog.

Good trading to all,

Mark

Forex Auto Pilot Turbo review - Part 6: Results 2 week-testing of Forex Auto Pilot Turbo

It is time now to show you the sort of results that Forex Auto Pilot Turbo can deliver. I tested it a while ago but the program has remained the same since. Finally, here is my report.

I started with a "middle-size" deposit of $5,000.00. Theoritically, you could start with $50 but I do not recommend that (then you'd rather trade with more on the demo account instead). $5,000.00 is a rather significant amount for a non-professional - obviously, it is not significant for a pro. Anyway, I thought that is a typical deposit amount.

I was pondering ... Should I tell them or not? Just do not do what I did, that is, starting trading LIVE 2 days after buying the program. JUST DO NOT DO THAT. I have been trading almost 2 decades! Not robot-trading, but day-trading, swing trading and forex trading. That helps. Yes I learned the Forex Auto Pilot Turbo program on the spot.Yes you will need more time, much more time, whatever time, to feel comfortable using it. The mental approach is not so important - or even not important at all, except that it provides the patience you will need (patient to take the time to learn and be successful).

Back to the report. In about 2 weeks, I gained over $4,400, thus almost doubling the initial deposit ...

As you can see above, at the beginning, I was very "tentative". A few minuses along the way. And then, something clicking, 4 $200s+. Then back to mediocrity. This shows you that the road is necessarily bumpy, even for a professional trader!

Same pattern. Small profits (but constant ones, that's very important). Then, oddly, again 4 nice gains, before a big loss (hmmmm ... stop loss anyone? Must have been testing crazy stuff at that moment!).  And back to "mediocrity", which is, in fact constant small profits. That's the bottom line that matters, right?

Things really clicking above. Only profits (one even). And on the 5th, a series of 3-digits ...

Here is the bottom line:

Again, once you have practiced and practiced, you will know FAP Turbo as well as I do and be able to reach this sort of result. It may take 1 week, 1 month, 2 months or 4 months (or even more, why not) and thus you will need patience and resiliency.

I have almost completed the review of Forex Auto Pilot Turbo. After I am done with it, I will discuss day-trading, the mental aspects of trading and I will review more robots.

Believe me, you can make it.

Good trading,

Mark

Forex Auto Pilot Turbo review - Part 5: How to be succesful at Forex Auto Pilot Turbo - Sound advice to really make constant profits

In order to be successful at Forex Auto Pilot Turbo, previous Forex experience is not required, as you will only have to set it up following simple directions.  But a few advice and remarks will help ...

1) No matter how well a Forex robot seems to be live trading or backtesting, we can never know what the future results will be. Hence, you must employ adequate safeguards - sound money management rules. This is the KEY to successful LONG TERM wealth building via Forex trading.

2) Each opened trade stays in minus for some time because you pay the spread to the broker. That is OK. Sooner or later most of the trades will be closed in profit.

3) One thing to be aware of is that the scalper mode of Forex Auto Pilot Turbo requires a Broker with narrow spreads which means you need to scout around for the best broker.

Choosing a Broker

It is absolutely essential that you choose a broker that offer a spread of 5 or less on EURGBP between the hours of 21:00 and 01:00 GMT. This is critical to the success of Forex Auto Pilot Turbo. The following brokers are seen as Forex Auto Pilot Turbo friendly at the moment: Alpari, Forex.com and FXCM.

4) Using a VPS

  

While a VPS solution comes at a cost, it is an important option to consider when trading with a live account. You will avoid losing money due to untimely power failures and reboots. In my opinion, a VPS solution is a key component when it comes to minimizing risk, especially if you live in a country that has unreliable power and internet infrastructure.

5) Market Sentiment

Forex APT is an automated system that you can run 24/7, but sometimes it is just safer to turn it off under certain conditions. This system performs brilliantly under narrow, ranging type conditions, so if the markets are very volatile with huge price fluctuations, it is normally safer to just stay out and wait for the next day. It is also advisable to avoid trading on days when big news announcements are made. That's judging the market sentiment. It comes with experience.

Obviously, because this is a robot, FAPT does not require the skills that Day-Trading or even Swing Trading require. The mental approach, the system (stop loss ...) to follow at all times ... Those are fundamentals that Robots set you free from. Yet, there is one aspect of trading that remains: you need to TEST the SYSTEM for at the very least a couple of months. It is not because the Robot makes trades for you that there is no system. There are parameters to set up and, as automatic as they are, the trades are made according to a system.

Further, testing the system on Demo account first allows you to check if your broker is compatible with your current expert advisor. I cannot emphasize that enough: NEVER trade on the real account without testing on demo first. Maybe your broker takes your orders too slowly, gives bad quotes or has too high a spread or slippage. If so, I recommend you try the demo account with another broker.

In future posts, I will discuss the mental approach of trading. For those we read my blog , you know what I think: the right mental approach is more important than any system is. I will get back to that extensively later on.

Back to the review. All in all, Forex Auto Pilot Turbo is a profitable system, provided that you are not greedy and take a low risk approach - that's exactly what Forex APT was designed for. Part of a safe approach is to trade for a while - as long as it takes to get constant profits - on the demo account. If you need more time to feel comfortable, disable Forex APT on your live account for a while and see how things turn out.

Next time, I will post results I have gotten for trading on  Forex Auto Pilot Turbo.

Good trading,

Mark

Forex Auto Pilot Turbo review - Part 4: What makes Forex Auto Pilot Turbo different from other robots - Why is it that good?

The question that everyone asks me is this - do people really make money with Forex Auto Pilot Turbo? I will get back to that soon, with tangible results.

Forex Auto Pilot Turbo is one of the most accurate and profitable forex robot – 95% winner, very low draw-down, live trading statement provided by the creators (I had to do it by myself, though). This robot has been tested and proven with real live trading accounts, not just computer models.

Forex Auto Pilot Turbo is:

1) Affordable.

2) Easy to install and easy to use. Custom 1-click installation. It can be set up in just 5 minutes and if you need help, there's always one of their team ready to guide you along the way and excellent video tutorials are included.

3) Safe thanks to automatic risk scaling and high spread protection system

4) Active: high trading activities (10-20 trades weekly) - some Robots trade just a couple of times in days! It also trades multiple currencies

The major difference which I found between Forex Auto Pilot Turbo and the majority of every other Forex Robots which I've tested, is that this program focuses entirely on lower risk trades. In other words, this is the more conservative trading program. It keeps much higher standards which the market must meet before it enacts a trade.

The result is that this program boasts easily the greatest winning rate which I've ever come across with the Forex Robots - and I have tested it extensively myself.

Something else that needs to be considered is the draw down of the system. Draw down is the percentage that shows what the biggest sum of investment that Forex Auto Pilot Turbo has lost during back testing. Draw downs of 10-20 percent are typical with Forex trading software. But Forex Auto Pilot Turbo only has a draw down of 0.35%. That's zero point thirty-five percent, which explains why the graphs on their website are so regular and not constantly up and down.

Last but not least, the customer service they provide is top-notch. The team provides prompt answers to all inquiries - although there are now so many members that the service it not as good as it used to be. Most other Forex Robot services have no customer servict at all.

Next, I will give advice on how to be successful at Forex Auto Pilot Turbo.

Good trading,

Mark

Forex Auto Pilot Turbo review - Part 3: How does Forex Auto Pilot Turbo work?

Now, I would like to discuss how Forex Auto Pilot Turbo works. As I have previously mentioned, anyone can use this program but that does not mean that you should be un-prepared. I will get back to that a bit later.

So how does the program work? First, it analyzes real time market data around the clock, scanning it for profitable trading opportunities. One of the biggest advantages of trading currency (compared to trading stocks, options or other financial instruments) is the liquidity of the forex markets. Due to the massive amount of money that is traded on a daily basis, the forex market is extreme liquid (which, by the way, means: extremely thin spreads and the ability to easily enter and exit trades).

Once the program deems a trade as being a sound trading operation, it invests accordingly, taking into account the parameters that you will have set up. From there the robot follows the performance of that trade along in the market to ensure that it is constantly earning you money. When needed, the program trades away to preserve your profits. That begins the entire process over again.

Now, it is very important to notice that Forex Auto Pilot Turbo IS A POWERFUL COMBINATION OF 2 STRATEGIES:

   1. Short Term Strategy (aka scalping)

   2. Long Term Advanced Strategy

Each strategy is designed for its own timeframe and currency pairs. For example, Long Term strategy works only on EUR/USD M1. The scalping short term strategy works on 4 pairs: EUR/GBP, GBP/CHF, EUR/CHF and USD/CAD, M15 Timeframe. Both strategies are built inside the Forex Auto Pilot Turbo expert advisor and can be switched on and off easily. That may sound a bit confusing but you will understand when you run the program.You will find full details on each strategy and its parameters in the FAPT Guide and Video Tutorials.

Forex Auto Pilot Turbo is based on predefined common market behaviors and it uses HSPS and BILP technologies to prevent and deal with any loss possibility. HSPS stands for "High Spread Protection System" and BILP means "Built in Loss Prevention".

Finally, Forex Auto Pilot Turbo has a "stealth mode" parameter that helps you to avoid cheating on the broker side. Stealth Mode hides the take profit and stop loss values from the brokers. So they are displayed as zero but actually they are not zero; they are inner fixed values. Stealth mode can be turned on and off.

FAPT uses fixed stop loss values, so trading is very safe (obviously, stop losses are a must - that is a very basic principle that traders should be familiar with). Some orders are closed before the take profit and stop loss is reached due to the stealth mode. Fap Turbo uses faked "larger take profit and stop loss values" to display them to the broker but closes trades according to the real inner take profit and stop loss indicators that are lower. That will protect you and makes the trading safe.

I hope I have not confused you! Things will look clearer once you run the software and get started. You will practice and, eventually, it will become second nature to you, if not fun.

Until then, I wish you the best.

Good trading,

Mark

Forex Auto Pilot Turbo review - Part 2: What is Forex Auto Pilot Turbo?

Forex Auto Pilot Turbo is the latest edition of successful robots - and, you have got it by now, this is the best on the market. It was developed by a team of professional Forex traders and programmers under the permission of Marcus Leary and his team. The previous robot was enhanced and some unwanted trading behaviors were fixed. After 2 years of back testing and hundreds of new algorythms, the results were phenomenal - so they said. The robot made 9,645 trades with a "winning" percentage of 95.9% and 0.35 Drawdown. The creators tested it again by releasing it to a selected group of forex traders. All the members selected were able to double and some triple their money in a month. Granted, those were experts - but beginners are successful at Forex Auto Pilot Turbo as long as they follow some basic principles - I will provide with you valuable advice on how to make constant gains with FAPT.

The Forex Auto Pilot Turbo system has rapidly gained world popularity and has since become the top-selling Forex product available on the market. Now, Forex Auto Pilot Turbo has over 60,000 members.

Beside the PROGRAM itself, the ForexAPT package includes:

1. AN EASY INSTALLER (Setup Wizard)
2. A USER GUIDE
3. VIDEO TUTORIALS (in Member Area)
4. VIRTUAL PRIVATE SERVER (Optional)

You can start with as low as $50. You don't need any experience with forex trading to be able to make big profits overnight ... but I do not recommend starting with a real account until some thorough training - more on that later.

In a nutshell, Forex Auto Pilot Turbo provides:

An automatic forex trading system, 100% hands free
A Built-in loss prevention
Extremely low draw-down
=> For less than $200, you already have very comprehensive software, along with dozens of videos and downloadables that you can use.

You can also order something called Virtual Private Server (VPS) which can host your trading platform securely so you can turn off your PC while the robot is trading on VPS for you. By the way, members are offered with a live trade view of several accounts. The profits and trades done are updated every 15 minutes. This way, you are assured that the software itself is really working.

Finally, it is worth noticing that FAPT uses Metatrader4, which is a free trading platform. You can download it from your broker website. It is very easy to get started.

Next, I will discuss how Forex Auto Pilot Turbo works. If you would like to have a look at the program already, just click here - but do not forget to keep on reading this review!

Good trading,

Mark

Forex Auto Pilot Turbo review - Part 1: What is a Forex Robot?

Finally, I have found time to discuss the amazing Forex Auto Pilot Turbo.

Those who know me know that my field is really Day Trading. I will write more about Day Trading soon - specifically the mental approach which is more important than any system.
Although I have made a living out of Day Trading, I am still trading "for fun" and I enjoy very much coaching, I am always curious and willing to learn anything that has to do with trading and finance in general. This is my passion.

A couple of years ago, I heard about Forex Robots. To me, the words "trading" and "robot" are oxymorons. Trading is such a precise and sharp activity. It requires so many skills, particularly psychological ones (yes, back to that again!) that, in my mind, I could not imagine that a machine could trade. Then I heard of Forex Auto Pilot Turbo. Out of curiosity, I had to try and have my own opinion.

Because the results have been shockingly good, I thought I had to post a review about Robots in general, Forex Auto Pilot Turbo in particular. I will review other robots in later posts, before the end of the year. But I would like to share with you my thoughts on it now.

Today, I will brifely discuss what a Forex Robot is.


Until recently, Forex Robots were monopolized secret tools and only available to large companies and banks. Thankfully, they are now accessible to all.

Robots use advanced algorithms designed by highly skilled professional traders and money managers. The performance of a program is increased based on the experience and expertise of the designers. It takes years and thousands of trades for a Robot to get constant and good results.

A Forex Robot makes trades automatically without human interaction. It trades for you without having to do anything. Most Forex Robots monitor the market situation 24 hours a day * - FAPT does - and makes trades for you.

Once the program is set up (yes, it takes some setting up and fine-tuning), you "do not need to monitor it or do anything at all". Just "sit back and relax, go for a walk, take a nap or watch a movie, you'll be earning money while you do it - your robot works for you!" At least, that is what the ads claim! Well, it is NOT THAT EASY. But with minimum amount of effort and good will, that is achievable by anyone indeed. Very soon, I will explain how.

Good trading,

Mark

* Forex Market is open 5 days a week. No trades are performed on weekends.

Complements

Here we are. You know the basics of my system. A key element I have not discussed here yet is P-S-Y-C-H-O-L-O-G-Y. Yes, it is that important - trading is at least as much about the system as it is about Psychology. Keep that in mind!

Back to my system for a bit. Here are some complements.

In my system, the following tools are not indispensable, like the previous ones are. However, it is better to have them checked in in order to increase your odds of success.

Stochastics (STO) (%D=3)
This tool indicates whether a stock is over-bought or over-sold.
How to use it?
STO over 80 indicates an over-bought stock. If however, a MACD “Cross-over” takes place when STO>80, it is a Buy signal.
Conversely, if a MACD “Cross-over” takes place when STO<20, it is a Sell signal. NB: Trading literature will claim that when a stock is over-bought, it is time to sell. That makes sense except that we are dealing with very short-term horizons. In those cases, STO is a momentum indicator. You take advantage of the stock’s speed, even if possibly for only a very short time.

Volume
A peaking volume confirms the strength of a (forthcoming) move.

No near “contradictory” longer-term Support or Resistance
It is safer to check whether a longer-term (than the one used for a potential breakout) S or R is near that might significantly limit the potential reward of the trade as the price may stop at the longer-term S or R.

(Stock) News
News in general, and more specifically stock news do have incidence on price moves. It is therefore always a good idea to keep a News window in constant check.

I will be back very soon. If you want the pics I have posted here - only clearer ones - please email me and my assistant will send them to you. Regarding the emails I receive every day: please be patient. I am doing my best to reply to everyone but, depending on my schedule, it may take a little while - or, I may not be able to answer all emails. Again, doing my best. Thanks for your understanding.

Before I write about the mental aspects of trading, I will resume the reviews of the best Forex Robots soon. Lots of 'bots out there, only a few that are worth it - #1 being the amazing Forex Auto-Pilot Turbo.

Good trading,

Mark

My Day Trading system in a nutshell (Part 6) - NDX and Level II

Now, let's talk about Level II ...

=> Critical tool, displays a partial order book for a given stock, i.e. the best Bids and Asks.

How to use it?
Check the spread (difference between Bids and Asks): if too high, you run the risk to never fill it. You also want to make sure that there is enough supply and demand so as not to get too high a slippage.
Assess the market: you can see where other traders stand, their aggressiveness; how are they willing to buy or sell, and for how much.
Support and Resistance: high number of orders for one same price level indicates a S or R.

To sum it up, LEVEL II helps you:

Create the break-through YOURSELF …
Time your entry


On the picture above:

• you can see a Support (in Yellow), as there are quite many Bidders at 52.08, compared to the other price levels. That can only comfort you in proceeding to Buy – provided, of course, that all your indicators agree.
• the Ask is at 52.10. If you buy 1 lot, the next Ask will be 52.11. Therefore, thanks to your bid, the price goes higher – allowing you to sell at a better value. You make things happen! Now, imagine that 52.10 had been a Resistance … In that case, you break out of the Resistance. The price will be freed from that “ceiling” and able to move up sharply in the direction you are seeking.

More on the "Perfect Trade" very soon!

Good trading to all,

Mark

Forex Robots reviews

Soon to come: reviews of the best Forex Robots on the market. So stay tuned!

Mark

PS: Hint: you MUST get ForexAutoPilotTurbo (see ForexAPT on the left). It is absolutely amazing. More on that soon.

My Day Trading system in a nutshell (Part 6) - NDX and Level II (of course!)

Keep a constant eye on these 2 tools: NDX and Level II. Unless you are very new to this business, you know those 2 tools.

Today we will talk about NDX (*).

=> The NDX is an index, i.e. the composite of the group of stocks it represents.
=> The NDX shows whether the market is trending or if it is choppy.
=> It “should” only reflect a posteriori price movements and trends … Yet, unless some news hit a specific stock, securities follow pretty much the same trends as one another.
=> Some stock moves even drag slightly behind the NDX.

How to use it?
Simply keep an eye on it. If, for instance, your indicators send a Buy signal and the NDX is in an obvious tailspin, do not get into the trade!
Use lines (as opposed to bars or candlesticks).
FYI: Supports and Resistances do apply to the NDX too.

(*) This is assuming you work on NASDAQ 100 securities, as recommended.


More on Level II very soon.

Good trading to all,

Mark

My Day Trading system in a nutshell (Part 5) - Breakout

The most important tool …

What is a breakout?

Prices go through a Support (S) or Resistance (R).

What is its purpose?

Breakout = big momentum. Prices were contained by a S (or a R) for a certain period of time. When they can finally go through that virtual floor (or ceiling), the contained selling (or buying) pressure is finally let out. The combination of Bollinger bands and Breakouts is “explosive”.

How to use it?

We know the direction of potential trades - MACD “Cross-over” neatly done.
We identify potential volatility and thus trade - tight Bollinger band.
NOW: observe the price over various periods of time. Is there any obvious S (while MACD indicates a potential Sell) or R (potential Buy) over the last few days … or today … during the last hour …? Practice. Since we are trading on very small horizons here, the S and R will likely be observed over minutes rather than hours.
Whichever S or R makes more sense, draw an horizontal line to visualize better if and when prices go through it.

NB: Often, you may feel the temptation to proceed with a trade prior to a complete breakout. That’s one of the most common pitfalls. Timing is everything. Do not enter too early (it may look like a breakout is under way, only to see that it does not go through the S or R; a “fake”), nor should you enter too late. That is when Level II (and practice!) becomes an extremely useful complement.


I will be back soon.

Good trading to all,

Mark

My Day Trading system in a nutshell (Part 4) - Tight Bollinger Bands

Click on the picture to make it bigger

Hello,

Here is the continuation of my Day Trading system exposed.

I suggest to use Bollinger 10, 2, C: Length: 10; Standard deviation: 2; Price: Close.

What is its purpose?
Tight Bollinger Bands indicate a forthcoming “explosiveness” of prices. In other words, the tighter the band gets, the more volatile the prices are going to be.

How does it work?
When there is a significant tightening of the Bollinger Bands, look out for important price movement. How significant should the tightening be? When, for instance, the width of the band has narrowed to less than 50% of prior price amplitude.

How to use it?
A tight Bollinger band tells you that there is potential for a significant price move (i.e. volatility). When there is a tight Bollinger Band, check the MACD “Cross-over” to see the potential direction of a trade. Then look at the other signals to confirm whether there is a good potential for entering that position.

More to come soon so stay tuned!

Take care,

Mark

My Day Trading system in a nutshell (Part 3) - MACD “Cross-over”

click on the picture to make it bigger

Hello everyone,

This is Part 3 of the explanation of my system. This is Part 1 of a more detailed explanation - MACD “Cross-over”.

I suggest you use MACD 26, 12, 9: Long Moving Average: 26; Short Moving Average: 12; Signal: 9.

What is its purpose? MACD indicates the current direction of prices.

How does it work? When the MACD and the Signal lines cross-over, that indicates a change of trend.

How to use it?
a) When the MACD line is above the Signal line, that indicates a possible buying position.
b) When the MACD line is beneath the Signal line, that indicates a possible selling position.

NB1: When looking for a setup, first check where both lines stand. Even if all other criteria seem to indicate "Buy", do not proceed unless the aforementioned MACD “Cross-over” a) has already occurred accordingly – and vice-versa for a Sell order.
Again, all criteria must agree.

NB2: The wider the gap (or “separation”) between both lines is, the more the current trend is solid. To the contrary, if both lines seem to be almost confounded, it is preferable to keep away from the trade. The trend might be too weak indeed.

A Frequently Asked Question about MACD “Cross-over”:

As MACD is just made of averages and thus calculated on the base of past results, how could it have any sort of predictive power?

You saw on the previous example that after the “cross-over”, the price clearly followed the direction announced by the indicator. The explanation in but one word: Momentum.

The Price is like a vehicle in motion. The speedier a car is, the longer it will take to change its course. It is the same with prices. Indicators give hints regarding the price “speed” or rather the strength of its current pace. That’s momentum.

The Price has 2 possible directions: up and down. It can also be directionless when it is in a range. When a MACD “cross-over” occurs, it tells us a change of direction has occurred. The “predictive” power only comes through the conjunctions of a few indicators. It is only the combination of those agreeing indicators that will be predictive. Indicators taken separately have less power. In other words, the whole system is greater than the sum of its part.


This is it for today. To be continued ...

In the meantime, good trading!

Mark

My Day Trading system in a nutshell (Part 2)

As promised, here is a summary of my system. Again, the system is not explained in detail here.

I would like to start by reminding you that a reliable system (i.e. one with a good rate of "winners") is necessary but may not be enough. What I mean by that is that you may have winners at a 85% rate and still make less money than someone who has a 55% rate of winners.

Psychology and sound money management are the real keys to success (obvsiouly, more on that in later posts). That is not to say that a bad system will do, though. Of course, the better the system, the higher the profits.

So here is a brief explanation of my system. You will likely add some personal touches, such as when you feel comfortable scaling out.

My system is a combination of the following technical indicators and criteria - the 4 steps in Bold and in italics are essential:

1. MACD (26,12,9): gives the trend direction, if any;

2. Bollinger Bands (10,2,6): indicate forthcoming "explosiveness" of price;

Less important: Stochastics (Slow: 3) give some hints regarding momentum (or strength) of the ongoing trend.

When the 2 above mentioned steps have reached pre-defined levels, a signal is triggered. The latter is validated when there is:

3. a "break-out" (critical!)

Additional conditions are as follows:

4. the level II window by showing the order book on specific stocks displays support and resistance levels and allows you to time your entry

4bis. the index trend agrees with the expected trend of the concerned stocks.

(Day) Trading has a lot to do with probabilities ... If all the criteria above are fulfilled, you will have "perfect conditions" ... in other words, the odds will be on your side.

Above is an overview of what I call "perfect conditions" - I hope you can see something (click on it) but I will post clearer screen pictures anyway soon. I will also go into more details of my system on another post.

Take care,

Mark

My Day Trading system in a nutshell (Part 1)

Hello,

Before I get back to some fundamentals on trading - now, YOU should get the fundamentals before the system, right! - and more specifically on Forex trading, I would like to explain my Day-Trading system. This is a system that I have traded for a very long time and I thought it was just about time to share it to whomever is interested in it. Then I will dedicate this blog to trading basics and to Forex trading, I promise. But let me get this out of my ... system :-).

Today I will make a few general statements about the system.

I call my system a "Momentum" system. This is not a Trademark - others have used this term.

Momentum: def.: “strength or force gained by motion or through the development of events” (Merriam-Webster Online Dictionary)

Now, a few notes:

• This is intended for people who already have some knowledge of stock markets, trading and technical tools.
• The system has been tested on more than 1000 trades. Average results are: 70% of success, 17 cents of profit per share w./ 7 cent stop losses.
• The system suggests very short time horizons – often no more than minutes. Therefore it may not suit all styles of trading nor all personalities.
• To each trader their own style (e.g. when and how much to scale out, how long to let the profits run, how big are stop losses …).
• The steps described in this document are quite straight forward. However, it requires practice to master the system.
• All indicators must be checked in prior to entering any position. If only one criterion is missing, you should stay out.

Next, I will get into more technical explanations.

Take care,

Mark

Welcome to the Forex Pips & Tips Blog!

Hello, my name is Mark Kottaras. I've been a trader for about 25 years and successful at it for more than two decades.

I have traded Forex mainly but I am also an experienced day-trader.

In my website, Forex Pips & Tips ( http://www.forexpipsandtips.com/ ), I review the best Forex tools on the market, especially what is called "robots". My aim is to give valuable information to my readers on the best products availables: the aforementioned robots but also brokers and books.

In this blog, I will give tips and information on trading - Forex trading and Day-Trading in particular. Regarding Day-Trading, I will post the system I have traded very successfully for years.

I have been asked whether I am available to coach people but at this time, I do not accept new trainees. But please, do not hesitate to contact me, give feedback, ask any question you would like and keep in touch with me. I promise I will do my best to answer all emails whithin a few days.