How to Trade FOREX Using Automated Signals

It wasn't until recently that the average investor could participate in the foreign exchange market. Over 1.5 trillion dollars are traded on a daily basis in the FOREX market, which makes it very attractive for any investor. The truth is only 95% of FOREX traders ever see a dime when it comes to FOREX trading. Most of the money is absorbed by large investors and central banks.

Whether you are new to the FOREX market or are an established FOREX trader, traders are always in search of new trading techniques and systems. There is always a lot of different opinions when it comes to trading systems offering entry and exit points. A lot of them do not work, but yet at the same time a lot of them do.

Automated FOREX trading happens for a few reasons. One, not everyone is in front of there computer 24 hours a day and able trade at the most critical times. Secondly, anyone new to FOREX who finds it difficult to study the foreign exchange markets may be looking for a way to automate the process so that they do not have to figure out the FOREX market for themselves.

Typically FOREX signals providers send their signals via e-mail, SMS, or through a charting software program. Once the signal is received, if the account is a managed one, the signal will automatically execute the trade, if not a phone call to the trading desk or a click of the mouse from a trading platform will also execute the trade.

What to look for in a proven FOREX trading system.

When searching for a reliable FOREX signals provider, the very first thing to check for is a proven track record of success. If there is no hard data showing their trading success, then there probably isn't much money to be made and there signals aren't worth the money anyhow. A phone number to call for support or to ask questions is always good too. Having a phone number listed shows credibility in the trading system and that they are willing to share with you real results and their experiences.

There are many reliable FOREX trading systems available. Finding the right one can be a challenging task. Make sure there is plenty of support as well as a proven track record. There is nothing more discouraging than using a trading system that does not produce results.

Tim Rohrer is an established Forex trader. To learn more about a reliable Forex trading system, visit http://www.forex-investing.us