Ready to start playing with a trading simulator? This is the fun part in forex trading, testing our theories and strategies, tinkering with our system strategy to find a profitable method of trading the forex market so we can make enough money to live from. We will be able to say goodbye to our boss and start living with a bit of freedom :-)
Our ultimate goal will be to program our successful trading strategy
into an automated trading format like Metatrader4 or Java. That way we
can get the program to trade on auto pilot for us 24 hours around the
Apart from trading our own money, we could sell the automated trading system
to a company or bank or the public? Successful EA's that produce profits consistently over the longer term are highly sought after and sell for very large sums of money.
Or we could sign up as a Signal Provider and rent our signals for some extra monthly earnings. A good opportunity for those whom would like to keep their trading strategies private. Some places to become a Signal Provider are SignalTrader.com, Myfxbook.com, MetaQuotes Software Corp (Metatrader), ZuluTrade.com, Tradency.com and many others. Read more about the potential earnings and requirements on this page here.
The opportunities for successful
trading systems are unlimited.
Read about the journey of how a couple of traders found out there was a lot more work involved than they had imagined in releasing their private trading system to the public here.
Take a look at some results that were achieved in the 2008 Automated Trading Championships. Remember that these results are only for a three month period – to read more go here.