Here we have my man Nial Fuller talking about pin bars and reversals in a forex trading tutorial video...
The charts tell it all.
17 February 2010
19 January 2010
Domo Arigato, Forex Roboto
Forex robot - good or bad?
by Mike Bordon
Forex robots are booming expert advisors in the forex business. Especially for those who have just entered the field and have just started to understand the rules and knacks in the trade find forex robots to their advantage. Automated forex robots use software that in turn uses complex algorithms which trade currency for you, day and night. There are many kinds of robots in the field, they are ranked as gold, silver, bronze and new& testing according to how accurate they prove themselves to be.
The trade takes place when a set of parameters set by the developers of the software are met in the market. It works by means API that is application programming index. This program receives information on the most current trade trends from your broker's account and then the software plans its trade according to this. Forex is a very fast paced market and whatever business strategies you are using have to run along with it. Forex robots are fast and are being updated by their developers 24*7.
All the forex trading automated software in the market today claim to turn into a genie and buy you heaps and heaps of quick money. But, while choosing a software you have to be very careful as along with all these promise forex scams are also rising. People are being cheated with assurance of success, but failure was the result. Therefore, while going to buy a forex robot, you have to always try it on a false or a demo account. When it has proved its accuracy, you can directly apply it to you real account, but otherwise not.
There are many developers who take advantage of the newcomers to the currency trade and try to sell them faulty software. This will not get you huge profits but heavy loss. So stay away from scams, and before taking on a forex automated program give it a trial and only after you are satisfied, apply it to your real forex account.
About the Author
Forex Robot will help you to earn real profits in the forex trading. For more details you can visit http://www.forexrobot.com/
Article source: http://www.goarticles.com
by Mike Bordon
Forex robots are booming expert advisors in the forex business. Especially for those who have just entered the field and have just started to understand the rules and knacks in the trade find forex robots to their advantage. Automated forex robots use software that in turn uses complex algorithms which trade currency for you, day and night. There are many kinds of robots in the field, they are ranked as gold, silver, bronze and new& testing according to how accurate they prove themselves to be.
The trade takes place when a set of parameters set by the developers of the software are met in the market. It works by means API that is application programming index. This program receives information on the most current trade trends from your broker's account and then the software plans its trade according to this. Forex is a very fast paced market and whatever business strategies you are using have to run along with it. Forex robots are fast and are being updated by their developers 24*7.
All the forex trading automated software in the market today claim to turn into a genie and buy you heaps and heaps of quick money. But, while choosing a software you have to be very careful as along with all these promise forex scams are also rising. People are being cheated with assurance of success, but failure was the result. Therefore, while going to buy a forex robot, you have to always try it on a false or a demo account. When it has proved its accuracy, you can directly apply it to you real account, but otherwise not.
There are many developers who take advantage of the newcomers to the currency trade and try to sell them faulty software. This will not get you huge profits but heavy loss. So stay away from scams, and before taking on a forex automated program give it a trial and only after you are satisfied, apply it to your real forex account.
About the Author
Forex Robot will help you to earn real profits in the forex trading. For more details you can visit http://www.forexrobot.com/
Article source: http://www.goarticles.com
14 December 2009
Forex Trading Platforms--What's the 411?
Forex Trading Platforms And Forex
by: Phil Jarvie
Think of the "platform" as the roads and freeway system that connects all traders to the finanical markets including forex. At the base level, everyone must be connected to the Internet. On top of that layer of connection, all programs and systems must be able to talk to each other.
All data must be stored some where, and all users must connect to that some where - which is where the "platform" comes in. So, there are many data-centers around the World, and they all update each other so that there are many copies of the same information in many places.
When anything ever happens - either a trade or a piece of news - all the servers are updated super-fast, and all of us are connected to this information by means of the platform.
Every vendor of a forex trading robot or expert advisor has chosen to make his pruct "talk to" the World via a platform. By a very large margin, MetaTrader 4 is the platform of choice used by almost every company I have found so far.
It overcomes language issues, computer operating system issues, and works across all Internation jurisdictions.
Therefore, MetaTrader 4 is the best and most widely used solution for brokers, the banks and financial companies, dealing centers and of course the vendors of robots/advisors. The main advantages of the system are:
Coverage of financial markets
The trading platform MetaTrader 4 covers all International brokerage and trading activities at Forex, Futures and CFD markets. It is what is used for all reporting and news services.
Multi-currency basis
The system is designed on a multi-currency basis. It means that any currency can serve as a general currency used in the operation of the whole complex in any country and with any national currency.
Economy and productivity
the data transfer and processing protocols used by MetaTrader4 are notable for their economy. This means that low powered server such as a Pentium 4 2 GHz, 512 DDR RAM, 80 GB HDD can handle several thousand traders at the same time. Its new protocols reduce both the demands on datalink and the cost.
Reliability
Everything at the server end is backed up in several places. And these backups are synchronized. So if there ever was damage to the history it allows everything to be restored. Historical databases can be restored within several minutes, with the help of another MetaTrader 4 server.
Safety
To provide safety, all the information exchanged between parts of the complex is encrypted by 128-bit keys. Such solution guarantees safekeeping of information transferred and leaves no chance for a third person to use it. A built-in DDoS attacks guard-system raises the stability of operation of the server and the system as a whole.
DDoS is where a person may use thousands of infected computers to attack the MetaTrader4 server. DDoS-attacks resistance is therefore very important. What they do is hide the IP address of the server, and filter the incoming attacks. Data Centers also have a built-in DDoS-attacks protection systems. So the DDoS protection is at many levels.
Multi-lingual support
MetaTrader 4 supports different languages, and a Multi-Language Pack program is included into distributive packages. It provides translation of all program interfaces into any language. With the help of Multi-Language Pack you can easily create any language and integrate it into the program. This feature of the system brings MetaTrader 4 nearer to end-users in any country of the world.
Application Program Interfaces
Think of it as a "plug-in". MetaTrader 4 Server API makes it possible to customize the role of the platform to meet your requirements. Forex Robot vendors use the API to get their program to communicate with the platform. The API standardises everything and can solve a wide range of problems of:
creating additional analyzers for finding a trend of monthly increase of traders;
* creating applications of integration into other systems;
* extending the functionality of the server;
* implementing its own system work control mechanisms;
and do much more.
Integration with web-services
To provide traders with services of higher quality, the system supports the integration with web services (www, wap). This feature allows real-time publishing of quotations and charts on a website site, dynamic tables containing contest results and much more. This is also a very powerful feature relied upon by Expert Advisor vendors.
Flexibility of the system
The platform possesses a wide range of customizable functions. You can set all the parameters, from trade session times to detailed properties of the financial instruments of each user group.
Subadministration
Subadministration mechanisms allow many Introducing Brokers (IBs) on one server quite easily. For processing all accounts and orders of the clients of the IBs, only one server is needed.
Because of the power and flexibility of MetaTrader 4, that it can be used by all groups of people Internationally, and that all groups of users can talk to the server equally, it is the default choice for most Forex robot expert advisors.
About The Author
Phil Jarvie is a professional forex day trader with vast experience using and testing expert advisor forex robots. Visit http://www.forex-robots-reviewed.info where you will find 40 such robots have been tested and reviewed (good and bad), and also to find other useful articles and training materials.
Article source: http://www.articlecity.com
by: Phil Jarvie
Think of the "platform" as the roads and freeway system that connects all traders to the finanical markets including forex. At the base level, everyone must be connected to the Internet. On top of that layer of connection, all programs and systems must be able to talk to each other.
All data must be stored some where, and all users must connect to that some where - which is where the "platform" comes in. So, there are many data-centers around the World, and they all update each other so that there are many copies of the same information in many places.
When anything ever happens - either a trade or a piece of news - all the servers are updated super-fast, and all of us are connected to this information by means of the platform.
Every vendor of a forex trading robot or expert advisor has chosen to make his pruct "talk to" the World via a platform. By a very large margin, MetaTrader 4 is the platform of choice used by almost every company I have found so far.
It overcomes language issues, computer operating system issues, and works across all Internation jurisdictions.
Therefore, MetaTrader 4 is the best and most widely used solution for brokers, the banks and financial companies, dealing centers and of course the vendors of robots/advisors. The main advantages of the system are:
Coverage of financial markets
The trading platform MetaTrader 4 covers all International brokerage and trading activities at Forex, Futures and CFD markets. It is what is used for all reporting and news services.
Multi-currency basis
The system is designed on a multi-currency basis. It means that any currency can serve as a general currency used in the operation of the whole complex in any country and with any national currency.
Economy and productivity
the data transfer and processing protocols used by MetaTrader4 are notable for their economy. This means that low powered server such as a Pentium 4 2 GHz, 512 DDR RAM, 80 GB HDD can handle several thousand traders at the same time. Its new protocols reduce both the demands on datalink and the cost.
Reliability
Everything at the server end is backed up in several places. And these backups are synchronized. So if there ever was damage to the history it allows everything to be restored. Historical databases can be restored within several minutes, with the help of another MetaTrader 4 server.
Safety
To provide safety, all the information exchanged between parts of the complex is encrypted by 128-bit keys. Such solution guarantees safekeeping of information transferred and leaves no chance for a third person to use it. A built-in DDoS attacks guard-system raises the stability of operation of the server and the system as a whole.
DDoS is where a person may use thousands of infected computers to attack the MetaTrader4 server. DDoS-attacks resistance is therefore very important. What they do is hide the IP address of the server, and filter the incoming attacks. Data Centers also have a built-in DDoS-attacks protection systems. So the DDoS protection is at many levels.
Multi-lingual support
MetaTrader 4 supports different languages, and a Multi-Language Pack program is included into distributive packages. It provides translation of all program interfaces into any language. With the help of Multi-Language Pack you can easily create any language and integrate it into the program. This feature of the system brings MetaTrader 4 nearer to end-users in any country of the world.
Application Program Interfaces
Think of it as a "plug-in". MetaTrader 4 Server API makes it possible to customize the role of the platform to meet your requirements. Forex Robot vendors use the API to get their program to communicate with the platform. The API standardises everything and can solve a wide range of problems of:
creating additional analyzers for finding a trend of monthly increase of traders;
* creating applications of integration into other systems;
* extending the functionality of the server;
* implementing its own system work control mechanisms;
and do much more.
Integration with web-services
To provide traders with services of higher quality, the system supports the integration with web services (www, wap). This feature allows real-time publishing of quotations and charts on a website site, dynamic tables containing contest results and much more. This is also a very powerful feature relied upon by Expert Advisor vendors.
Flexibility of the system
The platform possesses a wide range of customizable functions. You can set all the parameters, from trade session times to detailed properties of the financial instruments of each user group.
Subadministration
Subadministration mechanisms allow many Introducing Brokers (IBs) on one server quite easily. For processing all accounts and orders of the clients of the IBs, only one server is needed.
Because of the power and flexibility of MetaTrader 4, that it can be used by all groups of people Internationally, and that all groups of users can talk to the server equally, it is the default choice for most Forex robot expert advisors.
About The Author
Phil Jarvie is a professional forex day trader with vast experience using and testing expert advisor forex robots. Visit http://www.forex-robots-reviewed.info where you will find 40 such robots have been tested and reviewed (good and bad), and also to find other useful articles and training materials.
Article source: http://www.articlecity.com
03 November 2009
Backtesting Forex, Doggone It!
Good but slightly lengthy video about backtesting forex trades...
Again, patience is your friend in the markets!
Again, patience is your friend in the markets!
20 October 2009
Forex Scalping Like the Pros
Got another one about forex scalping for you today...
Happy trading...keep poppin' those pips!!!!
Got another one about forex scalping for you today...
Happy trading...keep poppin' those pips!!!!
22 September 2009
Forex Scalping Strategy--Check Yo' Self Before You Wreck Yo' Self
Forex Scalping - How To Make Real Fast Money
by Tyler Thomas
Forex scalping is often referred to as quick forex trading. This method is often used by traders who will only want to keep their positions for a matter of a few seconds or even for a minute but never longer than that. Before delving into what Forex scalping truly is, it pays to find out a little bit more about the purpose of scalping.
Purpose of Forex Scalping
The main aim of Forex scalping is to make a small but tidy profit and at the same time ensure that the risk to the trading account is kept to a minimal level. Lowering the risk is achieved through quick opening as well as closing of trades. Scalping would not serve any purpose if traders were not offered a chance to trade with accounts that they can leverage to the maximum extent possible. Unless the trader is able to operate with large sums of money (even if it is virtual money) they will not be able to profit from small moves such as a two to three points movement.
How to Perform a Scalp
A scalper needs to simply open their trading position of one hundred thousand units with a pair of currencies, typically the US dollar and the EURO. Each pip will then help him earn ten dollars and so a five pip movement will net him fifty dollars which is pretty good for doing practically nothing for a minute at most.
Forex Brokers and Scalping
A scalper who is able to consistently make profitable scalps is surely going to make a Forex broker suffer losses. This is why, the dealing desk broker at least will not agree with the style of trading adopted by a scalper and so will normally request the scalper to change his style of functioning or deal with another broker. However, brokers can also apply other methods that can help to slow down the scalper as he performs his scalps.
However, a broker that has good trades that they process with automated platforms will not generally feel threatened by the scalpers.
Forex Scalping Facts The theory behind making successful scalps is that it will only be possible to make huge amounts of money in very little time if the scalper is able to make best use of very high leverage. However, this should not make you want to immediately jump off the cliff. Rather, it makes more sense to actually start with a more reasonable leverage such as 20:1 or even 50:1 and as your skills improve, you can then increase your leverage.
At the same time it also pays to keep in mind the fact that you have to learn to trade with higher leverage but without doing anything that will result in a total loss of your investment. For this, be sure to limit your trades to not more than 10 or 15 with a very tight stop loss.
You need to also be careful about deciding on the size of your trading lot and you must do some math to calculate your worst case scenario. So, if you suffer ten consecutive losses, you will need to stop at once.
How Effective Is It? Although the Forex market functions 24 x 7, not every hour of trading is suitable for Forex scalping. You need to pick those hours when trading is most volatile and you must also be aware of the behavior of your currency pair and the most active trading sessions.
Once you enter into a trade, be sure to move stops to break even as soon as is possible. Take profits at reasonable levels and get out of the trade if the prices freeze for longer than expected.
For only the very Best in Forex Marketing strategies, I HIGHLY recommend checking out http://www.unclesamsforex.com
About the Author
Tyler is an 8 year marketer based in Washington DC.
Article source: http://www.goarticles.com/
by Tyler Thomas
Forex scalping is often referred to as quick forex trading. This method is often used by traders who will only want to keep their positions for a matter of a few seconds or even for a minute but never longer than that. Before delving into what Forex scalping truly is, it pays to find out a little bit more about the purpose of scalping.
Purpose of Forex Scalping
The main aim of Forex scalping is to make a small but tidy profit and at the same time ensure that the risk to the trading account is kept to a minimal level. Lowering the risk is achieved through quick opening as well as closing of trades. Scalping would not serve any purpose if traders were not offered a chance to trade with accounts that they can leverage to the maximum extent possible. Unless the trader is able to operate with large sums of money (even if it is virtual money) they will not be able to profit from small moves such as a two to three points movement.
How to Perform a Scalp
A scalper needs to simply open their trading position of one hundred thousand units with a pair of currencies, typically the US dollar and the EURO. Each pip will then help him earn ten dollars and so a five pip movement will net him fifty dollars which is pretty good for doing practically nothing for a minute at most.
Forex Brokers and Scalping
A scalper who is able to consistently make profitable scalps is surely going to make a Forex broker suffer losses. This is why, the dealing desk broker at least will not agree with the style of trading adopted by a scalper and so will normally request the scalper to change his style of functioning or deal with another broker. However, brokers can also apply other methods that can help to slow down the scalper as he performs his scalps.
However, a broker that has good trades that they process with automated platforms will not generally feel threatened by the scalpers.
Forex Scalping Facts The theory behind making successful scalps is that it will only be possible to make huge amounts of money in very little time if the scalper is able to make best use of very high leverage. However, this should not make you want to immediately jump off the cliff. Rather, it makes more sense to actually start with a more reasonable leverage such as 20:1 or even 50:1 and as your skills improve, you can then increase your leverage.
At the same time it also pays to keep in mind the fact that you have to learn to trade with higher leverage but without doing anything that will result in a total loss of your investment. For this, be sure to limit your trades to not more than 10 or 15 with a very tight stop loss.
You need to also be careful about deciding on the size of your trading lot and you must do some math to calculate your worst case scenario. So, if you suffer ten consecutive losses, you will need to stop at once.
How Effective Is It? Although the Forex market functions 24 x 7, not every hour of trading is suitable for Forex scalping. You need to pick those hours when trading is most volatile and you must also be aware of the behavior of your currency pair and the most active trading sessions.
Once you enter into a trade, be sure to move stops to break even as soon as is possible. Take profits at reasonable levels and get out of the trade if the prices freeze for longer than expected.
For only the very Best in Forex Marketing strategies, I HIGHLY recommend checking out http://www.unclesamsforex.com
About the Author
Tyler is an 8 year marketer based in Washington DC.
Article source: http://www.goarticles.com/
09 August 2009
Day Trading Forex Signals
Forex Day Trading Signal And It's Importance
by Umee
If you want to make quick decisions that are accurate, then a real-time forex day trading signal provider is what you need. These data will help you survive in the fast world of foreign exchange market. More importantly, it will be helpful to your successful transactions.
Foreign exchange trading is similar to investing in other strategies for generating profit. There is no guessing in the trade. You need accurate and reliable information to gain a trade. You certainly need that.
Simply, these signals are messages or codes used by traders to be their guide in the Forex. It will help create quick decisions during the day of surgery.
A Forex signal characteristics of reliable information. This is very important to produce accurate decisions. A close examination of these signals provide a full range payout percentages, which makes your business very profitable.
For trades profitable, you need a signal provider that you could trust. In general, to make it very effective whenever you trade, you need to add this to your tools Forex Key.
With the use of data specific day trading signal, you can minimize the possibility of losing your money and opportunities. You can have as many profitable businesses as possible before the Trade Day farm.
In addition, this set of signals will help you make decisions beneficial, even if day trading is not favorable. It will guide you to avoid the risk of losing trades.
A reliable trading day forex signal provider is a key to success. Without them, beside you, your chances of winning = a time delay. I hope this article will help you to find out best forex signal service for high profit and save from losses in the future. You must be understand forex signal provider is playing very vital role in forex market and it is very important for us.
About the Author
Read This Candid Review About The Best Forex Trade Signals Online For Making Big Profits In Forex Market. Accurate Forex Signals Are Delivered In Your Inbox That Maximize Your Profits In This Tricky Market.
Article source: http://www.articlecity.com/
Day Trading Forex Signals
by Umee
If you want to make quick decisions that are accurate, then a real-time forex day trading signal provider is what you need. These data will help you survive in the fast world of foreign exchange market. More importantly, it will be helpful to your successful transactions.
Foreign exchange trading is similar to investing in other strategies for generating profit. There is no guessing in the trade. You need accurate and reliable information to gain a trade. You certainly need that.
Simply, these signals are messages or codes used by traders to be their guide in the Forex. It will help create quick decisions during the day of surgery.
A Forex signal characteristics of reliable information. This is very important to produce accurate decisions. A close examination of these signals provide a full range payout percentages, which makes your business very profitable.
For trades profitable, you need a signal provider that you could trust. In general, to make it very effective whenever you trade, you need to add this to your tools Forex Key.
With the use of data specific day trading signal, you can minimize the possibility of losing your money and opportunities. You can have as many profitable businesses as possible before the Trade Day farm.
In addition, this set of signals will help you make decisions beneficial, even if day trading is not favorable. It will guide you to avoid the risk of losing trades.
A reliable trading day forex signal provider is a key to success. Without them, beside you, your chances of winning = a time delay. I hope this article will help you to find out best forex signal service for high profit and save from losses in the future. You must be understand forex signal provider is playing very vital role in forex market and it is very important for us.
About the Author
Read This Candid Review About The Best Forex Trade Signals Online For Making Big Profits In Forex Market. Accurate Forex Signals Are Delivered In Your Inbox That Maximize Your Profits In This Tricky Market.
Article source: http://www.articlecity.com/
Day Trading Forex Signals
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