Every robot on the market today has 1 system (robot) trading multiple currency pairs. This didn’t make sense to the Ivybot team and it shouldn’t make sense to you either. That’s where the real genius of IvyBot comes in. IvyBot gives you 4 Robots, 1 for each currency pair in which it was designed. How can the other systems possibly have ONE piece of code capable of performing all the calculations on more than one currency pair? THEY CAN’T! Ivybot has a robot that is designed, optimized, and perfectly tailored to trade each currency pair, and we give you four of them.

• 4 seperate robots in a price
• FREE robot upgrade
• Informational webinar
• 60 day money back guarantee

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Have you ever set your trading goals, set your stops and limits but eventually forget about that. You have your strategy but still didn’t do the strategy and enter the market although it is not suits your strategy. And finally LOST your money. How could that happened? It’s because you lack DISCIPLINE. Many beginner trader and some experienced trader too, often enter the market because they are tempted to go in due to the fear of missing out a big move although it breaks their trading rules.

If you want the easy way, you can buy your self a forex robot like Fapturbo . It is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. If you want to be discipline keep reading this article.

First you need to set your trading rules. Write on a paper your rules. Here’s my rules:

• Enter the market when there is higher high and higher low or lower high and lower low.
• Start closing my position if it breaks #1 rules.
• Only risk 1% of capital for a position.
• Use a stop order (15 pips) and limit order (20 pips).
• After three losing trades I will stop trading for the day. Usually if I continue trading I will lose more.

Second. Here are some tips for your discipline:

• Be easy on your self for your mistakes. The more you get upset with yourself for your mistakes the more it will influence your future trading.
• Keep practicing on a demo account. Set a goal, if you haven’t got 50% return you will not go for real trade.
• After every losing trade close your forex platform. This will you get you some time to cool your self.
• Put a Post-it note at your screen to be disipline so you remember to be disipline.
• If you find yourself praying for the market then this is not a good condition. So close your forex platform immediately.
• Have your spouse accompany for your trading. She/he can reminds you for your action.
• Use a demo account and have your spouse to trade for you. When you want to enter the market, you need to talk to him/her. This will slow your action and make you thinks clearly.
• Relax and visualize your self of your mistakes. Imagine your mistakes. Imagine your loss because of greed. In your mind see you takes defensive position for your next trade. Imagine every details of next trade. Do this often to change your mind.
• Focus on your trading. If you have something else to do like working, don’t trading.
• Print this tips and read it every day.

• Simple platform
• Quick execution
• Wide spread until 10 pips during news and weekend
• Tight spreads 0.9 pips on EUR/USD
• No minimum trade size, great for beginner.
• Get interest for your account balance
• Poor customer support

Overall I give 8/10 for Oanda. What do you think about Oanda?

• Set a Stop Loss: Before entering any trade, decide beforehand the amount you are willing to lose and stick to it, set a stop loss on the trade before you enter. I usually set maximum loss of 10%.
• Do not be emotional about a trade, you will lose some and win some – just know it.
• Do not be greedy.
• Stick to your game plan, move your stop loss as the market moves in your favor and let your profits run. My plan is to go for low leverage, minimum $100 entry, and focus on one currency pair mine is EUR/USD.
• Don’t be influenced: You have your own game plan stick to it.
• Draw resistance and support line so you will know when to sell and when to buy.
• Don’t enter vary volatile market where you can see price up or down very fast and the bounce very fast too. This is a situation where you can not predict. This is gambling.
• Trading is a game of probabilities, and over the long run as long as you stick and implement sound strategies and stay consistent.
• Success is much more likely to come. To be a successful trader you should never take a position that puts substantial capital in jeopardy. In actuality you will rarely find successful traders who risk more than 10% of their account in any trade. You might want to start small and increase your trade sizes as your confidence grows.
• Know your risk vs. reward ratio: The minimum ratio you should be using is 2:1, so if you are successful on 50% of your trades you are doing well. For instance, if you are long GBP/USD and you want to earn 30 pips you should not risk more than 15 pips. You should never risk 30 pips in order to make 10 pips.
• Have adequate capital: You should never trade with money that you cannot afford to lose.
• Trending or Neutral: Learn to analyze the market; is it a trending market or a neutral market? In a trending market then follow the trend. in a neutral market buy on lows and sell on highs as long as you use stop-losses you are controlling your risk.
• Although forex is 24/7 not every hour is suitable for trading. If you are looking for volatile, liquid market then I suggest enter when London starts and end their session. London Market Hours: 3:00 am to 12:00 noon EST.
• Don’t fight the trend
• Averaging – don’t do it: One of the most common mistakes traders make is the continuing adding of a losing position. Averaging will be the death of short-term trades.
• Know why you are in the trade: Keep a trading log, and write down why you entered a trade.

Mini Account uses a different leverage calculation than a regular (100k) account. Instead of trading full-size currency lots (100,000 units), you’ll trade in lots that are just 1/10 the size (10,000 currency units), which in turn greatly reduces the amount of money you risk in each trade you enter.

The characteristics of a Forex Mini Account are as follow:

• Minimum required account deposit = $300
• Recommended required account deposit = $2,000
• Traded in 10,000-unit currency lots. There is no maximum trading volume on the Mini trading platform.
• Pips in a Mini Account are worth, on average, $1. Pip is the smallest increment that a currency pair can move. For most currency pairs, a pip is a change in the fourth decimal place of the currency quote. For example, if EUR/USD is quoted at 1.6567 and it moves to 1.6568, it has increased by 1 pip. The value of 1 pip is calculated by the size of the lot that is traded. So, if you buy a standard lot of 100,000 EUR/USD at 1.6567 and it goes to 1.6568, a 1-pip move, then the value of your trade has increased by $10 (or 100,000 x 0.0001). Because Mini Account have smaller contract, the pip value is also smaller that is $1.
• The Mini Forex account offers up to a huge 200:1 leverage, this means that just a $50 margin deposit will allow you to trade lots worth roughly $10,000.
• Default Margin: set at 0.5% ($50 per mini-lot)

There is no downside to trading a Forex mini account, you will be enjoying all the benefits that full-size FX account holders enjoy. This mini accounts are ideal for a beginner forex trader to gain experience.

Beware, trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.