Most if not all the retail traders use some form of EA’s in their trading. Sometimes we think that some traders try to make sense out of a ton of EA’s on the screen, but with no success unfortunately. The important thing is to make sure you are Forex trend trading. EA’s or better, expert [...]
These days, perhaps the easiest way to open a forex trading account is via an online forex broker. Such forex brokers will often allow clients to open micro or mini accounts for customers with initial deposits that can go as low as $25. Nevertheless, most reputable online forex brokers require that initial account deposits be [...]
Scalping is a highly specialized activity which requires a favorable technical and fundamental setup to yield its full potential. In the previous section we examined the necessary preconditions sought from a broker, here we’ll take a look at the currency pairs which are best suited to scalping strategies. In general, the best currency pairs for [...]
There are hundreds of brokers operating in the retail forex market today; naturally, each has a technical capability, and business model suitable to a different trader profile. These differences are immaterial to most long term traders, for swing traders they are meaningful but not that significant, but for day traders and scalpers they are the [...]
Forex scalping is a popular method involving the quick opening and liquidation of positions. The term “quick” is imprecise, but it is generally meant to define a timeframe of about 3-5 minutes at most, while most scalpers will maintain their positions for as little as one minute. The popularity of scalping is born of its [...]
To have a successful, effective Forex trading business you need to protect your funds, keep losses as small as possible, and allow big profit trades to run. Even though money management is the key to a profitable business in Forex trading, many traders only think of it last. In this piece we will discuss money [...]
For many people, trading in foreign currency exchange (known as Forex) has become very lucrative, similar in nature to the money made by day traders in the 1990s. Until fairly recently, though, Forex trading was only available to central banks and institutional investors. With the advent of software that acts as an automated Forex expert [...]
With individuals having unprecedented access to the trading of foreign currencies (known as Forex trading), a new suite of tools has become available that serves to level the playing field. Although institutional investors and central banks have long traded in foreign currencies, individuals have only recently had access to an expert advisor system (known as [...]
