Before we begin to discuss earning money by trading Forex (foreign exchange), there are some basic terms with which you will need to familiarize yourself. The foreign exchange market is an over the counter (OTC) market where you deal with a forex broker, who is the link to the interbank market, where the big boys like large banks and financial institutions play. The broker sets the foreign currency exchange rate and executes your orders...
In this article, we will look at developing a Forex trading strategy which can help you make big gains trading global currency markets. The basics of successful trading can be learned by anyone so, let’s look at Forex trading strategies which can make you money and lead you to success. Are you ready to get full Forex trading success? In case you do, it is recommended for you to read our full article and get into depths of the you ...
The first step in trading foreign currency is to open an online Forex trading account with a company offering this service. The next step is to have a computer that is connected to the Internet so that you can access the FX market place. This connection is made through the company with which you have an account. Since the pace of trading on the FX market place is very fast, it is recommended that you have a very fast computer with plent...
Here we will look at the concept of following Forex price action via charts and making huge FX Gains with a simple and proven method. If you use the FX strategy enclosed, you will catch every big trend and profit so – let’s take a look at it in more detail. If you look at a chart of any currency pair you will see big trends which last for weeks on end and these trends can give you fantastic profits if you know how to get int...
Price action lend themselves really well to daily chart Forex trading, but so many people ignore these simple techniques in the quest for more elaborate trading systems that will have them sat in front of the computer all day long. Yet you can be a professional trader on less than one hour a day, and you can have the rest of your time to enjoy life, or you may even decide to keep your day job! 99% of the people, come to Forex for easy m...
You’ll often hear it said that 95% of Forex traders fail, so there can’t possibly be any Forex EAs that actually work out there. While it’s true that 95% of Forex traders don’t end up making a consistent Forex trading income, it’s nothing to do with Forex expert advisors at all. In fact, it proves all the more that you need a profitable Forex EA to make the Forex trading income that you desire. By the end o...
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...
