You can buy one the numerous cheap Forex Robots online but none of the heavily advertised ones will produce the profits of the free Forex robot enclosed and everything you need to know about it is enclosed.
The robots sold cheaply online, all tend to have one thing in common - they don't have real verified track records of making money.
Look closely and you will see, most are paper simulations going backwards knowing the closing prices and a few, put up account statements your supposed to believe but with no verification from an outside source. In fact these robots are not even designed by traders, there deogned by computer programmers, who can only make money knowing the closing prices and when these robots get traded for real by the user they lose quickly.
Our free Forex robot is designed by a legendary trader, Richard Donchian and has made money for over 25 years. His simple system is admired and used by some of the worlds top traders and has stood the test of time. Don't think its complicated though it couldn't be simpler, it only has one rule which is outlined below:
Buy a currency as it breaks to a new 4 week high and then maintain the position until a 4 week low is hit and then reverse the position to a short. All you have to keep doing after this, is reversing as new 4 week highs or lows are hit.
Now that is very simple and all the best trading systems are - but it makes a lot of money and will always work and the reason why is obvious:
Forex markets trend for long periods of time and all the best trends start and continue from breakouts.
Will most traders use this system? No they won't and there are several reasons why.
Most traders lack discipline and can't hold long term trends and most traders cannot accept periods of losses ( all systems have them though) but traders hate them and either quit or deviate from their system and lose. If however you have discipline to use this system and follow the trading signals, it will make you a lot of money over the longer term.
So you can either buy a robot with a fancy name, glossy packaging and a simulated track record by someone who has never traded before or you can get a Free Forex robot, by an acknowledged trading legend. with a track record of real money gains over 25 years - not a hard choice really!
Commodity Futures Trading Commission (CFTC) - CFTC was created by United States Congress in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States. The agency protects market participants against manipulation, abusive trade practices and fraud. Through effective oversight and regulation, the CFTC enables the markets to serve better their important functions in the nation's economy by providing a mechanism for price discovery and a means of offsetting price risk. http://www.cftc.gov
National Futures Association ( NFA) - NFA is a congressionally authorized self-regulatory organization for the U.S. futures industry, provides innovative regulatory programs and services that ensure futures industry integrity, protect market participants and help its Members meet their regulatory responsibilities.
http://www.nfa.futures.org
Capital Markets Compliance LLC (CMC) - CMC specializes in providing regulatory guidance for firms that offer securities products as well as banks requiring market risk management reviews. Clients range from one-person retail broker-dealer operations to full-scale multi registered representative broker-dealers, investment advisers, investment bankers, bank affiliated broker-dealers, state and national chartered banks, and financial holding companies.
http://www.capitalmarketscompliance.com
Securities and Exchange Commission (SEC) - SEC administers federal securities laws to protect investors from fraud and abuse. Includes the EDGAR database of corporate financial filings. The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities markets.
http://www.sec.gov
EUROPE
The Committee of European Securities Regulators (CESR) - CESR was established by the European Commission Decision of June 2001. CESR is an independent Committee regrouping senior representatives from national public authorities competent in the field of securities. CESR submits an Annual Report to the European Commission, which is also sent to the European Parliament and the Council.
http://www.europefesco.org
JAPAN
Ministry of Finance (MOF) - The Ministry of Finance is responsible for the country's fiscal and monetary matters. It consists of the Prime Minister's secretariat and seven bureaus. In addition to formulating the national budget, which is central to fiscal policy, the MOF monitors and guides banks and securities companies as to current monetary policy, adjusts the current balance of payments, and determines and maintains what MOF considers to be an appropriate level in foreign exchange rates.
http://www.mof.go.jp/english/
Financial Supervisory Agency (FSA) - FSA was established as an administrative organ responsible for the inspection and supervision of private sector financial institutions and surveillance of securities transaction. With the establishment of the Financial Reconstruction Commission, the FSA became an organization under the jurisdiction of the said Commission.
http://www.fsa.go.jp/en
UNITED KINGDOM
Financial Services Authority (FSA) - FSA is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. It is a company limited by guarantee and financed by the financial services industry. The Financial Services and Markets Act gives FSA statutory objectives: market confidence: maintaining confidence in the financial system; public awareness: promoting public understanding of the financial system; consumer protection: securing the appropriate degree of protection for consumers; and reduction of financial crime.
http://www.fsa.gov.uk
SWITZERLAND
Swiss Federal Banking Commission (SFBC) - SFBC supervisory authority of wide areas of the financial sector in Switzerland. Following are its tasks: supervision of: banks, investment funds, mortgage bond business, stock exchanges and securities dealers, disclosure of shareholdings and public takeover bids. It is in constant contact with the Swiss Federal Department of Finance and the Swiss National Bank. In addition, maintains regular contact with various associations, primarily the Swiss Bankers Association, the Swiss Funds Association and the Swiss Institute of Certified Accountants and Tax Consultants.
http://www.ebk.admin.ch/e
Money Laundering Control Authority (MLCA) - MLCA is one of the supervisory authorities responsible for implementing the Money laundering Act. It is responsible for the supervision of all financial intermediaries in the non-banking sector that are subject to the Money Laundering Act. These in particular include all those financial intermediaries who, on a professional basis, accept, or hold in custody, assets belonging to third parties, or assist in investing or transferring such assets.
http://www.gwg.admin.ch/e
Australian Securities and Investments Commission (ASIC) - ASIC enforces company and financial services laws to protect consumers, investors and creditors. It regulates and informs the public about Australian companies, financial markets, financial services organisations and professionals who deal and advise in investments, superannuation, insurance, deposit taking and credit. ASIC works with other financial, consumer and law enforcement bodies in Australia and internationally. It is an independent Commonwealth government body.
http://www.asic.gov.au
NEW ZEALAND
Securities Commission of New Zealand(SEC) - SEC is a statutory corporation which, in all matters other than funding and the appointment of Members, is expected to act independently of the New Zealand Government and others.Its purpose is to strengthen confidence in New Zealand's capital markets, both in New Zealand and overseas, by promoting the efficiency, integrity and cost-effective regulation of these markets and thereby fostering capital investment in New Zealand.
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