Automated Forex Trading: The Easy Way To Make Money With Currency Trading?

utomated Forex Trading: The Easy Way To Make Money With Currency Trading? Automated forex trading can be an attractive option if you want to make money from the lucrative currency trading market but do not have the time or inclination to learn to trade a manual system. With automated forex trading software, also known as a forex robot, a computer program will trade for you automatically.  Of course there is some cost associated with forex trading, you must pay the spread between the bid/ask price, but an automated forex trading system is likely to be much more consistent than a raw beginner, so it can still be very profitable. In addition, you do not have to spend hours every day looking at charts and analyzing currency prices on the internet.  But is it really so easy? What are the risks involved in automated forex trading? First, it is important to understand that all speculative trading is risky, whether it is in stocks, currencies, commodities or anything else. Nobody makes money on every trade, and that includes the most successful forex traders. So there is a risk that your automated trading system will make losses on your behalf. However, it is true that a quality forex robot's results are likely to be better than yours in the medium to long term, even in times when manual trading does not perform well. Second, be aware that for an automated forex trading system to operate correctly, it must be running twenty four hours a day.  This means if the computer that a forex robot is trading on unexpectedly loses power, the robot could fail to exit a trade at its stoploss, resulting in excessive losses.  However, there is another option.  A Virtual Private Server (VPS) can be subscribed to. A VPS is a computer that can be logged on to from a remote location from your home or office computer via the internet. If you use a VPS to host your automated forex trading software, you will not need to worry about loss of power or internet connection, as that would be guaranteed by the VPS host. There is another type of risk associated with automated forex trading systems, in that you are blind to the actual trading strategy the system utilizes. You have to trust that the robot will execute profitable trades and perform consistently.  Also, because it is a "hidden" system, you cannot learn to trade it manually. This does not assist advancement of trading skill level.  It is very important to run all forex robot software on a demo account first for a minimum of three months to ensure its accuracy. An adequate amount of time must be given so that the trading software can experience various market conditions.  Some automated forex trading systems perform well in trending markets, while others perform better when markets are ranging. A quality system will be diverse and be able to profit in both market conditions.  It is also beneficial to purchase forex robots with money back guarantees. This allows the user to test the trading software risk free for a period of time. Not all forex robot software is created equal when it comes to automated forex trading, so do your due diligence.   For more information regarding automated forex trading software, click the link below...
Automated Forex Trading: The Easy Way To Make Money With Currency Trading?

Automated forex trading can be an attractive option if you want to make money from the lucrative currency trading market but do not have the time or inclination to learn to trade for yourself. With automated forex trading software, also known as a forex robot, a computer program will trade for you automatically.

Of course there is some cost associated with forex trading, you will pay commission in the form of spreads, but an automated forex trading system is likely to make a lot more money than a newbie trader, so it can still be very profitable. In addition, you do not have to spend hours every day looking at charts and analyzing currency prices on the internet.

But is it really so easy? What are the risks involved in automated forex trading?

First, it is important to understand that all speculative trading is risky, whether it is in stocks, currencies, commodities or anything else. Nobody makes money on every trade, and that includes the most successful forex traders. So there is a risk that your automated trading system will make losses on your behalf. However, it is true that a quality forex robot will have many more wins than losses, resulting in a net gain, even in times when manual trading does not perform well.

Second, be aware that for an automated forex trading system to operate correctly, it must be running twenty four hours a day.  This means if the computer that a forex robot is trading on unexpectedly shuts down, the robot could fail to exit a trade at its stoploss, causing severe losses.

However, there is another option.  A Virtual Private Server (VPS) can be subscribed to. A VPS is a computer in a remote location that can be logged on to from your home or office computer via the internet. If you use a VPS to host your automated forex trading software, you will not need to worry about loss of power or internet connection, as that would be guaranteed by the VPS host.

There is another type of risk associated with automated forex trading systems, in that you cannot see what is happening "under the hood." You have to trust that the robot will execute profitable trades and perform consistently.  Also, because it is a "hidden" system, you cannot learn to trade it manually. This does not assist advancement of trading skill level.

It is very important to run all forex robot software on a demo account first for a minimum of three months to ensure its accuracy. An adequate amount of time must be given so that the trading software can be analysed across various market conditions.  Some automated forex trading systems perform well in trending markets, while others perform better when markets are ranging. A quality system will be diverse and be able to profit in both market conditions.

It is also beneficial to purchase forex robots with money back guarantees. This allows the user to test the trading software risk free for a period of time. Not all forex robot software is created equal when it comes to automated forex trading, so do your due diligence.

Asbestos in the Home - What are the Risks?

t is not always easy to tell whether a product contains asbestos as modern asbestos-free materials often look similar - remember it is usually older products that contain asbestos.  Common places where asbestos could be found include:

• Asbestos cement - cement roofs, wall cladding, downpipes and gutters, cement flues.
• Floor tiles, textiles and composites - textiles in fuse boxes, old fire blankets, heat resistant gloves.  Composites can be toilet cisterns/seats and bath panels, window sills, bath panels.
• Textured and sprayed coatings
• Roofing felt
• Asbestos Insulating Board (AIB) - commonly used as fireproofing material and also partition walls, fireproofing panels in fire doors, lift shaft linings, ceiling tiles, soffits, panels below windows.
• Lagging and insulation - in or on heating systems such as round boilers, tanks or calorifiers and around pipework.
• Loose fill asbestos - in between cavity walls, under floorboards and in loft spaces.

What are the risks?

When asbestos materials age or become damaged they can release fibres into the air. These can be breathed deep into the lungs where they may stay for a long time, causing possible damage. Some people are exposed to low amounts of asbestos present in the atmosphere with no ill effects.

However when very high levels of asbestos fibres are inhaled there is a risk of developing serious lung diseases including pleural thickening, asbestosis and Mesothelioma. The symptoms of these diseases can often take between 20-40 years after exposure to materialise.

What should I do if I suspect there is asbestos in my home?

The general rule is to leave asbestos undisturbed. DIY work may result in brief but high levels of exposure to dangerous asbestos fibres. Asbestos is usually safe unless it is damaged or disturbed - for example by removing, drilling, sawing, scrubbing or sanding.  If you believe you have asbestos materials in your home, extra care should be taken when undertaking any DIY. We would advise anyone against attempting to carry out work involving sprayed asbestos, lagging or insulating boards as this should always be undertaken by a licensed asbestos removal contractor.

Compare All The Low Rate Credit Cards In The Uk

So you are stuck in a credit card with an interest rate that keeps moving up.  If you want to move to a card that has a more reasonable rate, then you are at the right place.  The UK Credit Card Centre promotes a variety of credit card that have low interest rates associated with them.
 We all use credit cards. The ease and convenience of credit cards is part of everyone's financial day to day activities. So it's obvious that we all want to reduce our costs associated with the use of credit cards. Although there are many way to reduce your credit card costs, the easiest way is to apply and qualify for a low rate credit card. You can save hundreds each month with a low rate card. When you transfer credit card balances from one card to another to take advantage of low introductory or promotional rates can result in significant reduction in interest or finance charges. Similarly, financing purchases with low introductory or promotional purchase rates can result in significant interest savings. At the UK Credit Card Centre, we offer many credit cards with low interest and low APR rates.
 The MBNA 6.7% American Express credit card offers a low 6.7% rate on your purchases, balance transfers, and money transfers.  Plus this without fees (transfer must be made within first 60 days).  With the MBNA 6.7% American Express you also get access to a fantastic rewards programme where you earn when you spend.  Redeem rewards for flights, cash, shopping vouchers and much more. Find out more about the MBNA 6.7% American Express Credit Card.
 The Barclaycard Simplicity Credit Card is another example of a low rate, low interest credit card targeting the UK market.  Barclaycard, a leader in the UK credit card market, offers the Simplicity card with a very low 7.8% interest rate.  So if you're tired of having to find a new credit card each time the promotional offer on your current card ends, let us make life simpler for you. This card offers one low rate - 7.8%, applies to every purchase and/or balance transfer you make.  The Barclaycard Simplicity card not only offers a low rate, but also unparalleled benefits including Identity Protection Service, safe shopping with Fraud Protection, purchase delivery protection, emergency help when traveling abroad, and great holiday deals with our Travel Service.  Learn more about the Barclaycard Simplicity Credit Card.
To wrap up our discussion on low rate, low fee credit cards in the UK, we decided to include the MBNA Rate for Life Visa Card.  This card offers a promotional low rate on balance transfers and money transfers - 5.9% for the life of the balance.  This card is ideal for rearranging your finances and consolidating loans.  This promotional rate does come with a 2% transfer fee.  To learn more about the MBNA Rate for Life Visa Card.
Like all credit card decisions, you need to take the time to understand the interest rates and fees associated with each of the card.  To find out more, please visit the UK Credit Card Centre

USD/CAD Daily Outlook

Daily Pivots: (S1) 0.9859; (P) 0.9880; (R1) 0.9910; More.
No change in USD/CAD's outlook. Intraday bias remains mildly on the downside for 0.9830 support and below. Nevertheless, USD/CAD would probably lose momentum as it approaches support zone of 61.8% projection of 1.0671 to 0.9979 from 1.0207 at 0.9779 and 0.9709 and reverse from there. On the upside, break of 0.9986 resistance will now be an early alert of reversal.
In the bigger picture, whole medium term fall from 1.0363 (2009 high) is still in progress and such down trend should continue to 0.9709 support first and possibly further towards 2007 low of 0.9056. Nevertheless, fall from 1.3063 is still looking corrective and hence, we'd expect strong support between 0.9056/9709 to contain downside and bring another medium term rise. Though, break of 1.0851 resistance is needed to indicate medium term reversal. Otherwise, outlook will remain bearish.

AUD/USD Daily Outlook

Daily Pivots: (S1) 0.9980; (P) 1.0027; (R1) 1.0073; More
AUD/USD's sideway trading from 0.9960 continues but fails to break through 4 hours 55 EMA. Intraday bias remains neutral for the moment. As noted before, there is no indication of up trend resumption before a break of 1.0199 resistance. We'd expect more consolidative trading ahead as long as 1.0199 holds and risk of another fall remains. Below 0.9960 will bring another decline towards 0.9803/31 support zone.
In the bigger picture, note that bearish divergence condition remains in daily and weekly MACD. Reversal should be imminent even if 1.0254 is not yet the major top. We'll continue to look for topping signal in case of another rise. On the downside break of 0.9803 support will now be an early signal of medium term reversal and will turn focus to 0.9536 support for confirmation.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.3142; (P) 1.3173; (R1) 1.3221; More
No change in EUR/CHF's outlook. Further rise could still be seen in EUR/CHF with 1.3043 minor support intact. However, at this point, we're still treating rebound from 1.2401 as a correction only and hence, we'd expect strong resistance at 61.8% retracement of 1.3833 to 1.2401 at 1.3286 to limit upside and bring reversal. Below 1.3043 will turn bias back to the downside for 1.2779 support first. However, note that sustained trading above 1.3286 fibonacci level will dampen this view and turn focus back to 1.3833 resistance instead.
In the bigger picture, whole down trend from 1.6287 (2007 high) is still in progress and in any case, medium term outlook will remain bearish as long as 1.3833 resistance holds. The current down trend would likely continue through 1.2 psychological level towards 100% projection of 1.5138 to 1.2765 from 1.3833 at 1.1460, which is close to long term projection level at 1.1516. However, break of 1.3833 will confirm medium term bottoming and should bring strong rebound to 1.4315 resistance and above.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8384; (P) 0.8422; (R1) 0.8446; More
No change in EUR/GBP's outlook. We're favoring the case that fall from 0.8940 is not over. And, price actions from 0.8333 might be just sideway consolidations in form of expanding triangle. Hence, we'd stay neutral first and expect another decline eventually. Below 0.8388 should target 0.8284 support first. Break of 0.8284 will confirm our bearish view and target a new low below 0.8067.
In the bigger picture, current development revives that case that rebound from 0.8067 has finished with three waves up to 0.8940 after hitting medium term trend line resistance. The development indicates that whole fall from 2008 high of 0.9799, which is treated a correction to the larger up trend, is not finished yet. Another low below 0.8067 could be seen ahead. Nevertheless, we'd continue to look for reversal signal inside 0.7693/8186 support zone.