Day Trading Made Easy

Trading on the Forex marketplace has become increasingly popular over the last few years and with it comes a question "Who wins in the battle of Forex Software Robots versus the human trader?" and the answer is it is not even close. The Forex Software Robots have built in features that will destroy its human counterpart on many levels and throughout this article I will show you why if you are not using a Forex Software Robot chances are you are treading water.

1. The human condition - The problem with us humans is we have a number of characteristics that give the Forex Software Robots a huge edge when it comes to competing on the Forex marketplace. Simple little things like the need to sleep, the need to interact with other humans and the need to eat are the first few that quickly jump to mind. Your Forex Software Robot can run twenty four hours a day seven days a week without having to worry about filling its stomach or getting some face time or the wasteful activity known as sleep.

2. Emotion - Emotion is a very scary thing when it comes to day trading and competing on the Forex marketplace. All of a sudden a couple of successful transactions and you feel like superman and make mistakes that you would normally never make. Then there are the days when everything seems to hit rock bottom so out of desperation you make a few Forex trades to hopefully salvage your day and chances are it is not going to work. The Forex Software Robot does not have any emotions obviously so it can just focus on what is important like the numbers and the trends which in the end pay off much better than a revved up human who is acting from his or her gut.

3. Consistency - The person who is going to be successful on the Forex marketplace is the one who consistently makes the right decisions and choices. If you are capable of focusing on the Forex marketplace twenty four seven than you will be alright but needless to say this is impossible. Thoughts such as how am I going to pay the electric bill or what the heck am I going to make for dinner or why do the Dallas Cowboys seem to take pleasure from sucking will kill any sort of consistency that you may have. Again the Forex Software Robots are designed to do one thing and that is make constant good decisions that will make you money in the Forex marketplace.

All of the people on the edge of society have been telling us for years that one day robots are going to run the planet and when it comes to the Forex marketplace they are probably right. Us poor humans are great at a lot of things but when you throw in a five second attention span, emotions that screw everything up and the desire to eat and sleep in the end the Forex Software Robots are going to keep on winning and keep pulling in consistent profits. It is time to throw in the towel.

It is time to start making money with the use of Forex Software Robots so check out http://www.forexsoftwarerobots.com/ and let the robots make you some money

Like most Americans, you're probably pledging to save more next year -- already savers are socking away cash at a better pace than they have in years (3.7% of income recently, up from just 0.2% in early 2008).

Pat yourself on the back -- because your thriftiness won't be rewarded with much more than that anytime soon.

Interest rates on savings vehicles were dismally low in 2009, and the beginning of 2010 doesn't appear as if it will be much better. Bank savings accounts, CDs, and money markets generally track the Federal funds rate, and that has ranged between zero and 0.25% since late 2008.

"The Fed is going to be slow to raise rates for fear of choking off the recovery," says Richard Barrington, banking analyst for MoneyRates.com.

Those same low rates will benefit borrowers next year -- that is, if you can get a loan. Banks seem likely to remain as stingy about dispensing credit in 2010 as they were this year: The Fed's survey of lenders shows fewer banks tightening standards for consumer loans (33% now vs. 64% in October 2008), but none easing them.

If you do get approved, you may not be able to borrow as much: Some 17% of credit cardholders recently reported that their limits had been cut, compared with just 8% in February.

What you can look forward to is fairer treatment regarding those cards, once landmark reforms take effect that limit banks' ability to impose higher rates and onerous fees. Customers who have been on the receiving end of "gotcha" practices that will earn banks $38.5 billion in overdraft fees this year may also get some relief: Many Capitol Hill watchers believe legislation reforming overdraft policies has a good chance of passage in 2010.

Wild card: Community banks, which avoided subprime losses, could buckle under other defaults if a poor economy persists. And a meltdown of commercial real estate loans could spark another credit crunch.

Signs to watch: If the dollar weakens substantially, the cost of imports will rise -- and so will inflation. "That could spur the Fed to raise rates sooner, in bigger leaps," says Greg McBride of Bankrate.com.
The action plan

Savers: Stay nimble. Savings yields may be low now, but that could change quickly. "As lending starts to pick up, banks will pay more for deposits," says Barrington. So don't lock in rates on long-term CDs and risk missing better opportunities in the near future.

The more liquid you keep your money, the better. Your best bet: FDIC-insured bank savings and money-market deposit accounts, as well as CDs that mature in six months or less. Money-market mutual funds offer as much liquidity (more, in fact, compared with CDs), but pay far less -- a bad deal.

Savers: Shop for the best rates. Don't settle for whatever your local bank is offering. You can do better if you're willing to venture further afield -- and why not, when you can make most of your transactions online these days? For example, FNBO Direct is paying 1.5% on its online savings account, five times the national average. And Nexity Bank is offering a six-month CD at 1.65%, a much better deal than the 0.6% average. Those rates may not sound like much, but current low inflation boosts your real rate of return.

Borrowers: Get out of variable debt. "Rates are only going to get higher over the next few years," warns Bankrate's McBride. "So pay down your credit cards and home-equity lines as aggressively as you can." Average card rates, for example, are expected to jump more than 1.25 points next year. Don't count on balance-transfer offers to bail you out, says Curtis Arnold of CardRatings.com. What you'd save on lower interest payments will be wiped out by transfer fees, already at 5% at several major banks.

Borrowers: Burnish your appeal to lenders. "There will be a battle in coming years over affluent consumers," says David Robertson, publisher of the Nilson Report, which tracks the card industry. Consumers with credit scores of 740 or higher who charge a lot will find deals and rewards. That's because issuers can no longer earn as much on fees and high rates under new credit card reforms, so they'll focus instead on earning merchant fees from low-risk customers.

You'll need a 740-plus score to grab the best rates on most other loans too. So pay your bills on time, use no more than 20% of your available credit, and check your credit reports regularly for errors.

Stocks opened higher Wednesday as investor optimism rose on the expectation that interest rates would remain low for some time.

The Dow Jones industrial average (INDU) gained 40 points, or 0.4%, in early trading. The S&P 500 (SPX) ticked up 6 points, or 0.6%, and the Nasdaq composite (COMP) rose 15 points, or 0.7%.

Federal Reserve officials speaking Tuesday said the economic recovery was likely to be weak, and they also reinforced the view the central bank would keep rates low for the foreseeable future.

Robert Brusca, chief economist at Fact and Opinion Economics, said that investor optimism seemed to be overriding negative sentiment, noting that "the markets were able to shake off a somewhat disappointing jobs number last week."

"I think people are more optimistic than the pessimists that are making all the news," he said. "I think the health of the market is better than a lot of the technicians give it credit for."

U.S. bond markets and government offices are closed for Veterans Day but stock and commodity markets are open as usual.

Wall Street finished Tuesday's session mixed as investors expressed caution following Monday's huge stock rally. With its 20-point gain, the Dow hit a new 13-month high.

Companies: AIG's (AIG, Fortune 500) Robert Benmosche threatened to step down as CEO of the bailed-out insurer, telling the company board that he's "done" because of government restraints, according to the Wall Street Journal, which cited unidentified people familiar with the matter.

World markets: In Japan, the Nikkei finished the session little changed. Hong Kong's Hang Seng added 1.6%. Major European indexes were higher in midday trading.

Money and oil: The dollar was mixed against major international currencies, slipping against the euro but rising versus the pound and the yen. The price of oil rose 86 cents to $79.9`1 a barrel. To top of page