The Best Forex Trading Method - 3 Key Points

Forex trading, like other forms of trading, carries a substantial risk and may not be suitable for everyone.  However, Forex trading is a real option to create wealth and time freedom.
 
1- Time.  The amount of time required to trade Forex can range from a few hours to set up an automatic Forex robot to full time if one decides to learn everything and make trades oneself.  The choice is yours, but most people have jobs and a full time Forex trading career is not possible initially.

If one starts with an automated Forex trading system one may be able to acquire, over time, enough profits that a job may become optional.  This automated software trading approach leverages most existing time constraints.

Forex trading is an opportunity to increase one's income on a part-time basis and enjoy life.  Forex signal services and trading robots provide automatic signals that tell one which currency pair to trade and when to place the trade in order to make the most money.  While this saves time and decreases the knowledge required, the former requires one to place the order personally.

2- Knowledge.  The best method appears to use automatic Forex software which requires the least amount of time and knowledge.  A modest initial amount of knowledge about software settings and Forex trading is all that is needed.  Most of these Forex robots are easy to install and have default settings that have been tested.  The key is choosing one that is well tested and effective.

The most amount of knowledge is required when one wants to place orders themselves.  In this approach, to be successful, one should learn a significant amount of information about the market, trading patterns, graphing software, currency pairs and much more.

While one can be successful doing everything themselves, this approach is very difficult.  Also, it is very resource and time intensive.  Most people like the image of doing everything themselves, but most do not have the ability to be successful.

3- Resources.  This area focuses mainly on money.  It is very simple and costs very little to establish a Forex trading account with many Forex brokers.  As little as $100 to $500 can be used to open an account.  However, significant financial success with these low levels of investment, while possible, can take a long time.

A good automatic Forex software program costs only about $200.  This seems very little compared to the thousands of dollars some programs cost.  However, do not let the low cost deter you.  Some of these programs are very simple and effective.

If one is patient, even with a small initial investment of $500 and a modest 10% per month return, one could end up with about $20,000 in five years or over $30,000 if starting with $1,000.  The key is patience and a good trading software program or system.  A larger investment could produce very large incomes over time.