To put it simply, forex is no joke. The forex market is not for the lazy investor! This market requires hours of education, perseverance, and guided exploration. In this short article, we will take a closer look at trade entries.

Fine-tuning your trade entries is a major step toward building an overall profitable trading strategy and approach to the forex market. Once you get comfortable with a particular strategy, you will most likely begin to see trade set-ups quite often. The difficult thing, as most traders know, is not finding tradeable set-ups. The difficult thing is determining the perfect trade entry and trade exit. Fortunately, we do not have to do this absolutely perfectly to make money. However, the better our entries and exits are, the more money we will make, and every trader wants to make money.

Predetermine Your Entry Well Before Actual Entry!

This single step can help cure many ills for the new forex trader. Traders can basically be broken into two categories—proactive and reactive.

- Reactionary traders are:

• Those who react to what they see the market doing. They see the market going up and get emotionally disturbed at seeing the money they are missing out on, so they jump into the market long just in time to see price stop, turn around, and head in the exact opposite direction. Reactionary trading will drain an account very fast.

- Proactive traders, on the other hand:

• Plan out their trades well beforehand. They will know exactly where they want to enter the market way before the entry is actually triggered. The amount of time will depend on the trading strategy. Intraday scalpers will know exactly where they want to engage the market maybe 5, 10, 20 minutes or more before price actually reaches a level. This is known as waiting for price.  Reactionary traders chase price. Waiting for price is the way to make money in the forex market when trading with forex brokers.

Never Enter Long Into Resistance Or Enter Short Into Support!

Many new traders will unknowingly enter long straight into an area of resistance or sell straight into an area of support. This is a huge mistake. If you are taking trades that seem to continually move just a few pips in your favor before they take off against you, then you are most likely doing this. Let’s take a look at a chart to get a visual representation of what we are describing here:

Each of the red arrows is pointing to a false break of support or resistance. Many new traders would have entered short on the break of support or long on the break of resistance and each time they would have been stopped out. The problem is that when you go short down at support, you are selling into support which is not a good way to trade. You will lose money trading this way. The same is true with buying resistance up at the top of the picture. You never want to buy at resistance. What you want to do is the exact opposite. You want to buy down at support and sell up at resistance. Try it.

If You Trade A Breakout, Wait For Confirmation To Enter!

If you do want to trade a breakout strategy, then you should consider waiting for a candle to close below support or above resistance before entering. For example, in the picture above, the red candle marked “A” never closed with conviction below the support level. The safe way to trade breakouts with getting into a bunch of false breakouts is to wait for a candle to close by 5-10 pips below support or above resistance. Then, when the next candle opens and retests the line that was just broken, you can enter because that level should now hold for price to continue in the direction of the breakout.

Click here for a download of Stock Assault 2.0 Demo with no obligation.

Stock Assault 2.0 is attracting a lot of attention in the stock market day trading community, with people wondering just how could this software program be as accurate as its creators claim that it is. Obviously, any stocks investor wants to become more profitable, but it is wise to be concerned about how accurate the picks of a software program can actually be.

We recently heard from one individual we shall call “Sonny” who raved that this Stock Assault 2.0 software has become an important part of his stocks investment plan. Of course, it was not something that happened overnight.

Stock Assault 2.0 stock picking software took more than five years and three million dollars for its research and development before it could be released to consumers. It has the ability to give investors a wealth of information and highly accurate picks they would otherwise never have been able to identify. Stocks with both short term and long term profit potential can be located.

With thousands of different stocks at one’s disposal, pin-pointing the ones that are about to make substantial gains, and which are giving off bullish patterns on the charts is a task that only a robust computer software such as Stock Assault 2.0 can accomplish on a regular basis. This program not only identifies the stock picks, but you can also get its advice on how much should be invested by making use of the analysis of risk and reward ratio.

After the software has been downloaded and installed, it only takes a few clicks of your mouse to start it using its advanced artificial intelligence algorithm to sift through the myriad of historical charts and 1,000′s of stocks for you.

Click here for a free demo of Stock Assault 2.0

The IvyBot forex trading robot has entered the forex markets and created quite a commotion. The Ivybot program offers a trading program to traders that will change its strategy as the markets change. How they do this is straight forward and should be very effective.

A forex trading robot will analyze the market looking for a profitable trading opportunity. Once it identifies a good opportunity it will then place the trade, monitor the trade, and exit the trade all automatically without any human intervention.

The main weakness with previous robots is that their strategy doesn’t change.Each robot has a set strategy it is using to trade. This can cause the robot to be profitable under certain market conditions. When conditions change; these robots can start losing money for their owners.

The Ivybot robot promises to be different. Not only have the designers created a robot that follows very profitable trading strategies, they have gone one step further. The Ivybot team will constantly monitor market conditions. When conditions change, owners will receive an updated version of the robot with an adjusted strategy for the current market conditions.

The idea of changing strategies to meet what’s happening in the market is not new to successful traders. They’ve been doing that for years. However; this is new to Forex robots. By constantly updating the robots trading strategy the trader should have a great advantage over the market.

You can check out weekly video updates on the robots progress or download the product online.

Ivybot forex robot was released July 28, 2009. We wondered if it is really worth the money or just another hype job? After a report from a source who had access to Ivybot for one week prior to its release to the public, we give you the details on what to expect.

The IvyBot forex trading robot is the newest automatic robot to hit the forex scene. Automatic trading robots are a very hot commodity today. These programs are a great tool for traders many traders, especially those who are new to trading or those who are struggling with their trading.

The Ivybot designers have personally been trading with this system extremely successfully and they are now bringing it to the public. But this system is different than any other robot on the market. It actually is 4 separate robots, each designed specifically for a different trading pair.

The IvyBot team constantly changes the strategy that the robots use. They do this to keep up with the ever changing market conditions. They have already made 200 changes to the strategy and will continue to change the strategy to take advantage of current conditions.

The early results are extremely promising based upon use of a pre release copy of the Ivybot. You can check out the full review or download the product online.

It was only a few days ago that I was reminded about the Day Trading Robot and decided to write about it, and the fact that, even if you don’t buy the program, they have some pretty good information on their website that they will send you for free.

Well, despite the fact that I don’t usually write about the same stock picking programs a few days in a row, I am going to offer a different opinion of the Day Trading Robot. But this one is not mine. As a matter of fact, it comes from Yahoo Answers. Nevertheless, I thought you would want to hear what somebody else has to say about the Day Trading Robot.

For those who don’t know much about Day Trading Robot, this is a stock trade program designed to scour the market to identify profitable stock picks. How it works is first it looks at profitable, breakout stocks in the past and specifically the factors which led to those trends to form, all the while building up a database of trend data. It then applies this information to current real time market data to look for similarities. Once the system has identified what it has deemed to be a profitable, high probability pick, it notifies you so that you can trade accordingly.

Day Trading Robot first recommended a stock valued at 15 cents a share. I bought around a thousand shares shortly after. This was on a Sunday. Not even two days later, early on Tuesday I logged back into my account to find that this particular stock had jumped in value practically overnight to double to 31 cents a share. I couldn’t believe it, so much so that I had to log out and back in to make sure that I was reading it correctly. It continued to quickly climb, finally leveling off and dropping after 48 cents, more than tripling in value which was about when I sold it. Ultimately I turned roughly $150 into $450 over a period of a few days.

I was shocked to say that the least that this robot could make me money. After that first week I was compelled to learn more about this program and found that the substantial difference between Day Trading Robot and every other stock trade program out there today is that this system focuses entirely on penny stock picks. This is a major advantage as these are generally low risk but high profit potential stocks. It’s not uncommon for these stocks to go on short quick bursts like the one which I experienced. Overall this is a slightly above average example of the kinds of picks which I’ve continued to receive for the past 5 months from this stock trade program.

Click for More About the Day Trading Robot.