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Think you can’t learn currency trading from someone who lost money? Think again this is the title of one of the best currency trading books of all time and any novice should read because it will show you why 95% of traders get scalped in the markets.

The forex market has more than thirty years of existence. It is launched in the early years of the 1970’s. The forex marketplace is a place, not founded on any industry or spending money in any commerce, but on the buying and selling of money.

Forex is the market exchange of money and cash worldwide. Most of all countries on the earth are involved in the market Forex Trading, where money is traded on the basis of the value of the highest currency at the time. While there are currencies that not worth much, this will not be traded strongly, because there are currencies, which are more valued.

The foreign exchange market is yet known as FX or it is furthermore found to be referred to as the FOREX. All three of these retain the same meaning, which is the operation of trading between divergent companies, banks, businesses, and governances that are situated in diverse countries.

Many forex traders look for advice from mentors or gurus who have done nothing or sell worthless forex robots all with simulated track records, when they could pick up advice from some of the worlds best traders for $100 or less! So who are these millionaire traders?

There are many different online forex trading software packages that can be used in Forex trading. Four will be named here. The Raptor is a system that automates various trading activities involved in Forex trading. This system also allows Forex trader to trade manually.

Learning how to trade in Forex is not enough to be successful trader. You need to have more than the knowledge and skills to be successful. You need to know about the different tools involved in Forex to earn huge profits.

While you need a sound robust system to win many traders think that’s all they need and there is another element in the equation you have to have to enjoy forex trading success and here we will look at it in greater detail.

Forex robots seem like a great way to make money in the markets, there cheap, promise gains better than any fund manager I know and you need very little time and effort to use them. That’s the story the reality is rather different and means a quick equity wipe out.

I know they are the latest rage, but automated forex robots, do nothing to help a trader understand the forex market. If you stop and think about it, how many forex traders do you know that actually have success with these trading robots? I frankly don’t know too many. Better yet, how many of the famous, really successful traders in the world have robots trading their accounts? Once again, I don’t know too many.

What is it that makes the best forex trading system? Is it the one that most people use? Probably not, otherwise why would there be so many people failing to make any money? Everyone knows the statistics. 95% of traders who try trading forex, fail.