To begin with one must understand what trading foreign exchange really means and what is required in order to make it a profitable business. Anyone above the age of eighteen and located at a place where there is a computer and an internet connection can trade foreign exchange. It does not take a lot of money to begin foreign exchange trading. In fact, some brokers offer a live trading account with as little as 30 US dollars. The bare mi...
This is quite a short, yet a very practical eBook that covers ins and outs of Elliot Wave Analysis. Developed by the professionals that code EW Software, this Elliot Wave Book will certainly make an expert from a complete rookie. Contents of EW Book Types of Patters Channeling Fibonacci Ratios Trading Directive EW Strategies Email Address...
You’ll often hear it said that profitable Forex expert advisors cannot possibly exist, because if they did then the big banks and hedge funds would just sack their trading teams and replace them with Forex EAs. This is a blatant lie that is told by people who don’t have the slightest understanding of how fund trading works. Profitable Forex expert advisors do exist, and there are very good reasons why banks and funds donR...
It may surprise you that a large number of the MetaTrader 4 expert advisors being offered for sale are classified as a scalping expert advisor. That’s because scalping EAs have many attractive characteristics that appeal to the average Forex trader. That said, there are hidden dangers involved with trading a scalping EA that you may never have been informed of, so you owe it to yourself to get the full truth about these EAs before...
Learn How to Make 10 pips a Day Faster Than Other Forex Traders! Before we go to deep details about Forex Pips on how you can make 10 pips a day, we need to understand what the word “Pips” is and how you can leverage your trading profit. A Pip is normally the last digit on the right in a currency. For example: If the EUR/GBP trades at 1.2464, then “4” is the Pip and if the EUR/GBP moves to 1.2884 that would be a ...
Most Forex traders are familiar with Candlestick Charts. Candlestick charts are invented by Japanese rice traders in the 16th centuries. Over the centuries these charts have been perfected into an art form. But how about another Japanese invention, the Renko Charts? Yes, Renko Charts are another Japanese creation that has been widely used in Forex trading yet, many Forex traders might never heard of these charts. These charts are based ...
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