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Most of these forex software products do not work well for the majority of traders. They are either too complex for the beginning trader to implement, or more likely, they are just plain garbage. In any case, most traders are left out of pocket, continuing to lose money in the market and not understanding what the real problem is.

Softwareforex does not advocate get rich quick schemes, and will empower you with valuable information, helping you to tell the difference between quality forex software products and hyped-up, misleading, overpriced junk that does not work.

Here are just some of the things you will learn at Softwareforex:

• The Difference Between Automated vs. Signal Generating Software and How to Choose the Software That’s Best for You
• What is A Forex Robot?
• The 5 Biggest Problems With Forex Robots and How to Protect Yourself
• How to Avoid Forex Scams
• How to Choose a Forex Broker – 10 Questions You Should Always Ask
• Valuable Forex Tips

Our goal is to help you succeed with your trading by also providing you with unbiased reviews and comments from users who have actually used the software. However, please note that just because a particular software is listed on this site, doesn’t guarantee that you will have success when using it.

We encourage you to also do your own research and to verify the quality of any product listed.

Forex Morning Trade is a manual/auto forex trading system that launched in August of 2010. The system comes with a Forex Morning Trade custom indicator, which signals you clearly whether to buy or sell and also tells you where to place your stop loss and take profit. As an added bonus there is an expert advisor that is included with the system if you prefer to set it up to trade automatically for you. It does exactly what you would do yourself if you were to trade the system manually.

The system trades the GBP/USD exclusively and comes with a detailed, illustrated trading guide, with 2 weeks of live trading examples that shows you how to use the system.

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What I Like

For starters, before I even purchased the system, I was impressed with the site. It is not a typical hyped up sales page like you see for most forex systems being sold. There are no pretenses and promises of massive returns. The system is actually what it claims to be. A system with a simple set of rules to follow that will take you a maximum of 10 minutes a day to trade, should you choose to trade it manually.

The results shown on the site are realistic and the trade results are updated monthly, which I found to be fairly accurate based on my experience.

Click here to have a look at past trading results on the site

In addition there is plenty of proof shown on the site of past trading results. The system only trades the GBP/USD and typically gives only one signal a day, in the morning. There are days when you actually won’t get a signal at all, but for the most part you’ll find that it was a good thing you stayed out of the market on those days.

The System Has a Good Risk:Reward Ratio

Since it only trades once a day, your risk is limited to the setting you specify. The recommended/default setting is 2% per trade, which is extremely conservative compared to the drawdown you will experience with most automatic trading systems. And unlike other automated forex software or robots, it has not wiped out anybody’s account since the system was launched.

The manual is well written with simple step by step instructions that even a beginner can easily follow and have the system set up within a few minutes. The rules are clear enough so that there is no room for doubt.

In addition, you also get access to Marc Fric’s live forex morning trade journal and a forum within the member’s area which is very helpful. Members can post their own results and some even post tweaks they’ve made which have improved their results.

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My Verdict

I am really happy with this simple trading system. It is really refreshing to purchase a system that does what you expect it to do. I especially love the helpful and friendly forum members who share their experiences and knowledge and help you get the most out of the Forex Morning Trade System.

I highly recommend it and encourage you to read other unbiased reviews on this product. You will be hard pressed to find any real negative comments about the system because it really is that good.

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Cashback Forex is a pretty fantastic idea for Forex traders looking to get back some of the hard earned money they gift away to brokers. Forex rebates are basically a way of getting some cash back on every single trade you place, regardless of whether you win or lose.

The way it works is that the forex rebates company has working relationships with many of the major forex brokers, and are therefore able to offer you rebates on every trade that you place (and receive a commission themselves) in return for sending the brokers customers.

All you need to do is to open a free account with CashBackForex and choose from one of the many different forex brokers that they work with. Then, you will automatically receive cash back on every single trade you make, which can be quite a tidy sum if you are a regular trader.

If you are already signed up with one of the brokers listed on their site, you can still sign up for their rebate program , even if you didn’t originally  sign up with the broker through them.

If you don’t think you can benefit from this service, do yourself a favor and take a look at some of the brokers they work with:

• FXCM
• Instaforex
• FX Pro
• Ava FX
• FXDD
• Tadawul FX
• Alpari UK
• 4XP
• FINFX
• Vantage FX
• eForex
• GO Markets
• Hot Forex
• FX Open
• IamFX
• Varengold
• Forexyard
• FXCBS
• Dukascopy
• Lite Forex
• Nord Markets
• Marketiva
• Gallant Capital Markets
• Baron

If any of these look familiar, know that you are in a position to lower your trading costs IMMEDIATELY!

So the point is that in order to trade you will need to sign up with a broker anyway. Why not sign up with a broker that will give you the added benefit of earning cash back on the trades you make. The spreads with Cashback Forex are still exactly the same (which is not always the case with other rebate companies) and you can earn some extra cash every time you trade the forex markets.

Therefore even if you only break-even with your forex trading  you can still come out ahead. In addition, if you are someone who places several trades every single day or trades quite a few lots at any one time, then you stand to earn quite a bit of money through forex rebates.

If you would like to find out more about CashBackForex, click here to visit the company website.

Markets.com is owned and operated by SafeCap Invesments Limited, which is a firm headquartered in Cyprus, and regulated by the Cypriot body CySec, along with the UK’s FSA. The holding company SafeCap Investments was founded in 2006 under the name of Arbat Capital Limited, and assumed its present form and title in 2009, with regulatory approval for forex operations being granted in 2008.

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Safety

Markets.com rises above the industry standard in ensuring the safety of client account details. In addition to various advanced physical and technical safeguards, the broker implements rigorous firewalls, and the SSL (secure socket layer) technology to ensure the safety of information transmission.

Markets.com is a member of a select group of brokers that are regulated by more than one national body. The firm is subject to the rigorous rules of the FSA, in addition to being authorized and supervised by CySec of Cyprus, a regulatory body in compliance with the standards of the European Union. The firm submits regular reports to these institutions in order to establish its compliance with various regulatory rules and the state of its finances.

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Account Types and Deposits

Markets.com offers more account options than what is generally available in a typical forex broker. The minimum initial deposit requirement is $100 and that includes a welcome bonus of $50, subject to the usual terms and conditions of a mini account for which the ceiling is $2,499. Markets.com provides a welcome bonus of up to $250 to each new client opening a mini account.

The firm accepts credit or debit card transfers via Visa, MasterCard and Diners’ Club, along with wire transfers for both deposits and withdrawals, and is also open to various local transfer options, upon discussion between the client and the firm.

The minimum deposit requirement for a standard account is $2,500. Users of the standard account receive free access to the “News to Mobile” service of the firm and are also granted a welcome bonus of up to $2,000 which can be withdrawn after trading volume reaches a predetermined level.

Traders who open an account with an initial deposit of $20,000 and beyond will be eligible for the benefits of a VIP account. Apart from the welcome bonus, owners of a VIP accounts receive full access to the News to Mobile service, along with free FX Signals via SMS.

Leverage up to 200:1 is available to clients of Markets.com. There are also various additional options for corporate clients. Please note that increasing leverage also increases risk.

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Beginner’s Support

In line with the general trends in retail forex brokerage, Markets.com offers an excellent support service with employees responding to calls 24 hours a day during the week in multiple languages. With over 25 local phone numbers from different countries, various email addresses to different departments and a live chat makes contacting Markets.com relatively simple in comparison to the market standard.

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Trading Platform

Clients of Markets.com have the option of choosing between four separate trading platforms regardless of account type.

MetaTrader (MT4) is the industry’s most popular platform due to its state-of-the-art offering of wide range of charting and indicators tools, easy entry order, creating tailored expert advisors (EA’s) and greater speed.

The Markets.com Trader is a downloadable, Windows-based platform that is easy to install and operate. The interface facilitates single click orders on a flexible drag-and-drop interface. As with all modern trading software, the Markets.com Trader comes equipped with a wide array of technical tools that can be used while trading real time charts.

Markets.com Java Trader is for traders who may not always be at home while accessing the markets. Benefiting from the excellent security features of a JAVA-based platform, the software requires no download or installation and can be used on any browser. Markets.com’s Practice Trader (or demo account) is also based on this platform which is another reason to open an account with Markets.com.

Finally, the Markets.com Mobile Trader is an application designed specifically for the cell phone, with the purpose of facilitating quick and easy access to the markets when the trader desires to react to some important event while on the move.

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