There are several forex trading systems. Heck, there are way more strategies that there are traders. And there’s an inclination to add as many indicators into the mix as possible . That’s’s particularly subjective to the newbies. For some reason they think the more indicators you use, the more worthwhile your system will be. [...]
Archive for February, 2010
The First Expert Advisor – Forex Autopilot
The first commercial forex robot released to the public was Forex Autopilot. And incredibly it still is on the market. But does it work? Do folks still make profit with it? It’s a question that isn’t simple to respond to. One thing is for sure, people are still purchasing it.
To point out if a [...]
Long Terms Trading vs Short Term – Forex Ripper
There are 2 crucial terms in forex trading – short term and long term trading. What are they and how they’re different? By definition, short term trading is riskier because with this method a trader makes more trades. The key is faster profits. On the other hand, long-term trading is more thought out, there [...]
How Important is Risk Minimization and a Look at Caliber FX Pro
As a foreign exchange trader you clearly want to trade with a certainty that you are going to profit and you want to decrease your risk, minimze your losses. And there are several methods to do that – from correct use of stop loss to a good scaling. However, one of the most underrated techniques [...]
Does the Best Forex Software Exist?
Each forex trader is searching for the best forex software, but does one actually exist? First of all, we need to outline what a good program is to answer the question. I think, the leading software is not the one that makes most profit (although that’s critical) but how relieble it is. Running a [...]
Single Currency for Best Results – GBPBOT
That’s right, I said a single currency, not pair. Most frequently forex traders focus on one the pairs, but they miss plenty of other trading positions on other pairs. There’s a sweet spot, however, and it is possible to focus on one currency of several pairs. One EA developers have decided to do that and [...]
Do You Have a Strategy?
First thing to ask yourself when starting to trade Forex is what is my strategy? It is important to have a good strategy and it doesn’t have to really be perfect so long as you have something to work with. Many beginners think that they need a perfect strategy and they never start actually trading [...]