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	<title>Comments on: Do Forex Trading Experience is not Needed if You Use Automated Forex Trading System?</title>
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	<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system</link>
	<description>All about Forex trading system information</description>
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	<item>
		<title>By: ipodtouchhackster</title>
		<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system/comment-page-1#comment-222</link>
		<dc:creator>ipodtouchhackster</dc:creator>
		<pubDate>Fri, 12 Jun 2009 20:32:16 +0000</pubDate>
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		<description>LOL its prob embedded on a site or some other thing like that</description>
		<content:encoded><![CDATA[<p>LOL its prob embedded on a site or some other thing like that</p>
]]></content:encoded>
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	<item>
		<title>By: YMaster</title>
		<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system/comment-page-1#comment-234</link>
		<dc:creator>YMaster</dc:creator>
		<pubDate>Fri, 12 Jun 2009 18:13:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system#comment-234</guid>
		<description>I&#039;ve been testing robots for almost a year now.
I have to say you have to be careful with most of the things on the internet...

I&#039;ve started on a live account after I found http://www.bestforextradingrobot.co.cc/

It is the only profitable robot I found that makes money every time.

Check it out. I&#039;ve done a lot of tests with this robot and make huge profits every time. I&#039;m now on a live account and I doubled my money so far. (I&#039;ve been using it for 2 months now)

It is really really good check out the live proof accounts on the page. They are updated every 15 minutes.

Cheers.</description>
		<content:encoded><![CDATA[<p>I&#039;ve been testing robots for almost a year now.<br />
I have to say you have to be careful with most of the things on the internet&#8230;</p>
<p>I&#039;ve started on a live account after I found <a href="http://www.bestforextradingrobot.co.cc/" rel="nofollow">http://www.bestforextradingrobot.co.cc/</a></p>
<p>It is the only profitable robot I found that makes money every time.</p>
<p>Check it out. I&#039;ve done a lot of tests with this robot and make huge profits every time. I&#039;m now on a live account and I doubled my money so far. (I&#039;ve been using it for 2 months now)</p>
<p>It is really really good check out the live proof accounts on the page. They are updated every 15 minutes.</p>
<p>Cheers.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Cel</title>
		<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system/comment-page-1#comment-228</link>
		<dc:creator>Cel</dc:creator>
		<pubDate>Fri, 12 Jun 2009 17:00:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system#comment-228</guid>
		<description>There is NO automated forex trading system that work, else everyone is rich. You have to learn it and master the necessary skill to be successful in forex trading.

Good luck.</description>
		<content:encoded><![CDATA[<p>There is NO automated forex trading system that work, else everyone is rich. You have to learn it and master the necessary skill to be successful in forex trading.</p>
<p>Good luck.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: anav</title>
		<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system/comment-page-1#comment-229</link>
		<dc:creator>anav</dc:creator>
		<pubDate>Fri, 12 Jun 2009 00:34:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system#comment-229</guid>
		<description>anav, A good forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. Maybe this blog can help. http://www.whatisforextrading.com/blog/ Remember, no trading will be full proof, so be cautious about the claims some trading systems make.</description>
		<content:encoded><![CDATA[<p>anav, A good forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. Maybe this blog can help. <a href="http://www.whatisforextrading.com/blog/" rel="nofollow">http://www.whatisforextrading.com/blog/</a> Remember, no trading will be full proof, so be cautious about the claims some trading systems make.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: MamaB25</title>
		<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system/comment-page-1#comment-230</link>
		<dc:creator>MamaB25</dc:creator>
		<pubDate>Thu, 11 Jun 2009 21:50:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system#comment-230</guid>
		<description>I would check out fore forums.
Like babypips etc.
However make sure you understand every aspect of the forex game, because it is hard to earn good money if you don&#039;t know what you are doing.
Maybe another option for you is to let someone else manage your account?</description>
		<content:encoded><![CDATA[<p>I would check out fore forums.<br />
Like babypips etc.<br />
However make sure you understand every aspect of the forex game, because it is hard to earn good money if you don&#039;t know what you are doing.<br />
Maybe another option for you is to let someone else manage your account?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Farcry2DOTorg</title>
		<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system/comment-page-1#comment-224</link>
		<dc:creator>Farcry2DOTorg</dc:creator>
		<pubDate>Thu, 11 Jun 2009 15:30:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system#comment-224</guid>
		<description>this is the same as the forexaccountdemo*COM</description>
		<content:encoded><![CDATA[<p>this is the same as the forexaccountdemo*COM</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: valgraphies</title>
		<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system/comment-page-1#comment-231</link>
		<dc:creator>valgraphies</dc:creator>
		<pubDate>Thu, 11 Jun 2009 09:13:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system#comment-231</guid>
		<description>Well you could take courses on US and World economics, read some financial economies books and/or know when and the fundamental news that affects price swings are reported. Stay clear during these volatile times because they can take out your stop in a heartbeat and a few beats later go back the other way. And remember that the news could already be mostly priced into the current price.

http://www.forex.com/learn.html
Link will answer many questions and answers you should know. I have 3 accounts (never put all your money/eggs in one account/basket). You can start with $500 when you can afford to open account. Since you are just starting you will lose money if you don&#039;t learn the basics, first. #1 best tip, don&#039;t trade your real money until you try trading demo account. When you can trade a demo for about 2-3months daily and make money then if you feel ready slowly start trading real money. So making and/or losing money depends on how well you can trade. For some it very profitable, for many it is not. So trading with the right tools and knowledge can become a very good income(s) for short and long term goals. And trade with the current trend.

I use Lightning Strikes Trading System for trading in any time frame and it works on forex, stocks, bonds, etf&#039;s, mutual funds, etc... They have 3 free training sessions a week and you don&#039;t have to buy the software to join in the live chat and text. They focus their training/trading on the Forex markets major currencies. You can even watch some recorded past live sessions. Here are some past charts that I used.
http://f1.grp.yahoofs.com/v1/MB16R0zjjaZ...
http://f1.grp.yahoofs.com/v1/MB16RxjOUQt...
There are 7 indicators (2 short, 2 medium, and 3 long term) and if volume is reported another one is added (on balance volume). Plus whatever time-frame is used the 2 green horizontal lines are the support and resistance for that time frame. So when indicators are all touching the bottom price is at or very, very near support. At top is at or very, very near resistance. Which helps my entry/exits and risk/reward ratio.
http://f1.grp.yahoofs.com/v1/MB16R9Wv-wt...
http://f1.grp.yahoofs.com/v1/MB16R9wSKdV...
http://f1.grp.yahoofs.com/v1/QCt6R2fYIj6...
http://f1.grp.yahoofs.com/v1/QCt6R3R0VQe...
If you can not view charts above or want to see other charts, I can email them. Or you can view more charts in this yahoo group. http://finance.groups.yahoo.com/group/lightninglive/

Start learning the basics of fundamentals and technical analysis so you will be more informed in your investments. You can find all the basic info you need to learn on websites for free.
This site should give you a good start.
http://finance.yahoo.com/education

Try what you learn on demo sites. They can be a very fun but educational way to learn from mistakes. If you pick 75% right with play money then you might be ready to start slowly investing.
http://simulator.investopedia.com/
http://simulator.zacks.com/
http://www.fxcm.com/open-free-100k.jsp
http://www.alpari-idc.com/en/metatrader4...
Or just google for more.

Here are my favorite sites.

http://finance.groups.yahoo.com/group/lightninglive/
Join group to see and discuss LS charts.

http://stockcharts.com/
Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info.

https://www.fidelity.com/
Has good learning resources.

http://moneycentral.msn.com/home.asp
In addition to yahoo finance.

http://www.reuters.com/
For news and more.

http://www.marketwatch.com/default.aspx
For news and more.

http://www.valueprime.com/index.php
For rating stock risk/reward ratio and reports.

http://www.barchart.com/
For investing in more than stocks.

http://www.investopedia.com/
For more great learning tools.

http://www.lightninglive.com/
For best software timing your entry/exits any time frame for day traders and long term investors. 

Others worth exploring.
http://www.equis.com/
http://www.stockta.com/
http://www.secform4.com/

Best Wishes,
Burt Whitley</description>
		<content:encoded><![CDATA[<p>Well you could take courses on US and World economics, read some financial economies books and/or know when and the fundamental news that affects price swings are reported. Stay clear during these volatile times because they can take out your stop in a heartbeat and a few beats later go back the other way. And remember that the news could already be mostly priced into the current price.</p>
<p><a href="http://www.forex.com/learn.html" rel="nofollow">http://www.forex.com/learn.html</a><br />
Link will answer many questions and answers you should know. I have 3 accounts (never put all your money/eggs in one account/basket). You can start with $500 when you can afford to open account. Since you are just starting you will lose money if you don&#039;t learn the basics, first. #1 best tip, don&#039;t trade your real money until you try trading demo account. When you can trade a demo for about 2-3months daily and make money then if you feel ready slowly start trading real money. So making and/or losing money depends on how well you can trade. For some it very profitable, for many it is not. So trading with the right tools and knowledge can become a very good income(s) for short and long term goals. And trade with the current trend.</p>
<p>I use Lightning Strikes Trading System for trading in any time frame and it works on forex, stocks, bonds, etf&#039;s, mutual funds, etc&#8230; They have 3 free training sessions a week and you don&#039;t have to buy the software to join in the live chat and text. They focus their training/trading on the Forex markets major currencies. You can even watch some recorded past live sessions. Here are some past charts that I used.<br />
<a href="http://f1.grp.yahoofs.com/v1/MB16R0zjjaZ.." rel="nofollow">http://f1.grp.yahoofs.com/v1/MB16R0zjjaZ..</a>.<br />
<a href="http://f1.grp.yahoofs.com/v1/MB16RxjOUQt.." rel="nofollow">http://f1.grp.yahoofs.com/v1/MB16RxjOUQt..</a>.<br />
There are 7 indicators (2 short, 2 medium, and 3 long term) and if volume is reported another one is added (on balance volume). Plus whatever time-frame is used the 2 green horizontal lines are the support and resistance for that time frame. So when indicators are all touching the bottom price is at or very, very near support. At top is at or very, very near resistance. Which helps my entry/exits and risk/reward ratio.<br />
<a href="http://f1.grp.yahoofs.com/v1/MB16R9Wv-wt.." rel="nofollow">http://f1.grp.yahoofs.com/v1/MB16R9Wv-wt..</a>.<br />
<a href="http://f1.grp.yahoofs.com/v1/MB16R9wSKdV.." rel="nofollow">http://f1.grp.yahoofs.com/v1/MB16R9wSKdV..</a>.<br />
<a href="http://f1.grp.yahoofs.com/v1/QCt6R2fYIj6.." rel="nofollow">http://f1.grp.yahoofs.com/v1/QCt6R2fYIj6..</a>.<br />
<a href="http://f1.grp.yahoofs.com/v1/QCt6R3R0VQe.." rel="nofollow">http://f1.grp.yahoofs.com/v1/QCt6R3R0VQe..</a>.<br />
If you can not view charts above or want to see other charts, I can email them. Or you can view more charts in this yahoo group. <a href="http://finance.groups.yahoo.com/group/lightninglive/" rel="nofollow">http://finance.groups.yahoo.com/group/lightninglive/</a></p>
<p>Start learning the basics of fundamentals and technical analysis so you will be more informed in your investments. You can find all the basic info you need to learn on websites for free.<br />
This site should give you a good start.<br />
<a href="http://finance.yahoo.com/education" rel="nofollow">http://finance.yahoo.com/education</a></p>
<p>Try what you learn on demo sites. They can be a very fun but educational way to learn from mistakes. If you pick 75% right with play money then you might be ready to start slowly investing.<br />
<a href="http://simulator.investopedia.com/" rel="nofollow">http://simulator.investopedia.com/</a><br />
<a href="http://simulator.zacks.com/" rel="nofollow">http://simulator.zacks.com/</a><br />
<a href="http://www.fxcm.com/open-free-100k.jsp" rel="nofollow">http://www.fxcm.com/open-free-100k.jsp</a><br />
<a href="http://www.alpari-idc.com/en/metatrader4.." rel="nofollow">http://www.alpari-idc.com/en/metatrader4..</a>.<br />
Or just google for more.</p>
<p>Here are my favorite sites.</p>
<p><a href="http://finance.groups.yahoo.com/group/lightninglive/" rel="nofollow">http://finance.groups.yahoo.com/group/lightninglive/</a><br />
Join group to see and discuss LS charts.</p>
<p><a href="http://stockcharts.com/" rel="nofollow">http://stockcharts.com/</a><br />
Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info.</p>
<p><a href="https://www.fidelity.com/" rel="nofollow">https://www.fidelity.com/</a><br />
Has good learning resources.</p>
<p><a href="http://moneycentral.msn.com/home.asp" rel="nofollow">http://moneycentral.msn.com/home.asp</a><br />
In addition to yahoo finance.</p>
<p><a href="http://www.reuters.com/" rel="nofollow">http://www.reuters.com/</a><br />
For news and more.</p>
<p><a href="http://www.marketwatch.com/default.aspx" rel="nofollow">http://www.marketwatch.com/default.aspx</a><br />
For news and more.</p>
<p><a href="http://www.valueprime.com/index.php" rel="nofollow">http://www.valueprime.com/index.php</a><br />
For rating stock risk/reward ratio and reports.</p>
<p><a href="http://www.barchart.com/" rel="nofollow">http://www.barchart.com/</a><br />
For investing in more than stocks.</p>
<p><a href="http://www.investopedia.com/" rel="nofollow">http://www.investopedia.com/</a><br />
For more great learning tools.</p>
<p><a href="http://www.lightninglive.com/" rel="nofollow">http://www.lightninglive.com/</a><br />
For best software timing your entry/exits any time frame for day traders and long term investors. </p>
<p>Others worth exploring.<br />
<a href="http://www.equis.com/" rel="nofollow">http://www.equis.com/</a><br />
<a href="http://www.stockta.com/" rel="nofollow">http://www.stockta.com/</a><br />
<a href="http://www.secform4.com/" rel="nofollow">http://www.secform4.com/</a></p>
<p>Best Wishes,<br />
Burt Whitley</p>
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		<title>By: Jordan4105</title>
		<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system/comment-page-1#comment-225</link>
		<dc:creator>Jordan4105</dc:creator>
		<pubDate>Thu, 11 Jun 2009 02:27:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system#comment-225</guid>
		<description>Fuck off!</description>
		<content:encoded><![CDATA[<p>Fuck off!</p>
]]></content:encoded>
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	<item>
		<title>By: Newbie</title>
		<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system/comment-page-1#comment-232</link>
		<dc:creator>Newbie</dc:creator>
		<pubDate>Thu, 11 Jun 2009 01:34:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system#comment-232</guid>
		<description>Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It is drawing attention ever since it is open to Online trading. Forex trading can be very profitable if you take your time to do a proper research, understanding various options and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs. 

There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system. 

1. Testimonials: Is there anyone out there who is trying to sell a system and show you testimonials from the people who actually didn&#039;t like the system? Highly unlikely. You should do proper research before indulging into a system that is completely new to you. 

2. Impression: Do not be over impressed from high percentage of winning forex trades because a 90-95% winning trades with with average value $10 gets you $900. If you have 10% losing trade and unfortunately average losing trade is $200, then your account is reduced by $2000. This is an explanation that people often tend to ignore while doing Forex Trading or any trading in general. 

3. Profit: Do you want to work with a Forex Trading system that breaks even? Why? If you keep the money in your home, you will still break even, then why take all the hassles of setting up an Forex Trading account and do all the work. Really speaking, you should always do some research on how profitable a particular trading system is? 

4. Drawdown: The maximum drawdown of trading system is defined as the greatest peak-to-valley drawdown in a trading system’s equity. Maximum drawdown gives us a measure of the survivability of the trading system. 

5. Time to profit: The actual time it takes to achieve the results with a particular trading system. You should plan to have a long and profitable relationship with your trading system. 

Try to use a trading system that let you open a Demo account so that you can practice and learn about Forex Trading without risking any money.

I have tried many of these systems in my quest to simplify my trading experience. I personally have found FreedomRocks to be the system that has worked for me. I have found no bad information on this system from anybody that has actually used it. I have found many skeptics and bashers but nothing from those that have actually tried at least the free trial they offer.

Below are a couple of links that may that I have found in my travels around the web:
http://www.yourforexinvestor.com
http://www.babypips.com

To your success,
Brandon Wells
bjwells@yourforexinvestor.com 
877-773-5345</description>
		<content:encoded><![CDATA[<p>Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It is drawing attention ever since it is open to Online trading. Forex trading can be very profitable if you take your time to do a proper research, understanding various options and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs. </p>
<p>There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system. </p>
<p>1. Testimonials: Is there anyone out there who is trying to sell a system and show you testimonials from the people who actually didn&#039;t like the system? Highly unlikely. You should do proper research before indulging into a system that is completely new to you. </p>
<p>2. Impression: Do not be over impressed from high percentage of winning forex trades because a 90-95% winning trades with with average value $10 gets you $900. If you have 10% losing trade and unfortunately average losing trade is $200, then your account is reduced by $2000. This is an explanation that people often tend to ignore while doing Forex Trading or any trading in general. </p>
<p>3. Profit: Do you want to work with a Forex Trading system that breaks even? Why? If you keep the money in your home, you will still break even, then why take all the hassles of setting up an Forex Trading account and do all the work. Really speaking, you should always do some research on how profitable a particular trading system is? </p>
<p>4. Drawdown: The maximum drawdown of trading system is defined as the greatest peak-to-valley drawdown in a trading system’s equity. Maximum drawdown gives us a measure of the survivability of the trading system. </p>
<p>5. Time to profit: The actual time it takes to achieve the results with a particular trading system. You should plan to have a long and profitable relationship with your trading system. </p>
<p>Try to use a trading system that let you open a Demo account so that you can practice and learn about Forex Trading without risking any money.</p>
<p>I have tried many of these systems in my quest to simplify my trading experience. I personally have found FreedomRocks to be the system that has worked for me. I have found no bad information on this system from anybody that has actually used it. I have found many skeptics and bashers but nothing from those that have actually tried at least the free trial they offer.</p>
<p>Below are a couple of links that may that I have found in my travels around the web:<br />
<a href="http://www.yourforexinvestor.com" rel="nofollow">http://www.yourforexinvestor.com</a><br />
<a href="http://www.babypips.com" rel="nofollow">http://www.babypips.com</a></p>
<p>To your success,<br />
Brandon Wells<br />
<a href="mailto:bjwells@yourforexinvestor.com">bjwells@yourforexinvestor.com</a><br />
877-773-5345</p>
]]></content:encoded>
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		<title>By: marquesbrownlee</title>
		<link>http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system/comment-page-1#comment-223</link>
		<dc:creator>marquesbrownlee</dc:creator>
		<pubDate>Wed, 10 Jun 2009 19:15:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.witws.org/do-forex-trading-experience-is-not-needed-if-you-use-automated-forex-trading-system#comment-223</guid>
		<description>Half a million views and 25 comments... Interesting</description>
		<content:encoded><![CDATA[<p>Half a million views and 25 comments&#8230; Interesting</p>
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