You are a a wannabe Forex trader or just starting your trading “career”, and one of the parameters your are considering is Swap. There is a reason why I’m not including professional traders in here. They already know that based on your trading style, whether you will keep your orders open for long periods, or short ones, swap can have from no effect to a huge one on your earnings. Well, you have a strategy, which might range
Been trading live for some time now, and the best advice I can give to everyone is “FOREX Traders beware of your broker”. I will share my experience with the brokers chosen for Live FOREX trading. I will not publish broker names here, as everybody should do their own due diligence and background check on their target broker, and again “FOREX Traders beware of your broker”. First I chose a broker from Australia, which had the lowest commissions for
You have sweated all those days, months or years for the creation of your strategy and now it is time for FOREX Strategy Testing backtest. The strategy is nothing more of entry and exit rules, that will give you, the trader, some advantage on other players. The strategy and how you implement or stick to it, will differentiate you from the crowd of losers. The strategy can take you to to heaven or hell. There are several ways to
Welcome back wanna be traders and professionals of all fields into the first article on FOREX books for beginners. There has been an increased interest from my readers on what can they read and assimilate, in order to become a better trader, or at minimum understand what they are doing. I still remember the first days when I was reading about cable (GBP), kiwi (NZD) and other strange names on internet, and I was telling to myself what
Everybody wants to get rich NOW, but as many of us have learned it the hard way “Money doesn’t grow on trees”. To get rich now, you should have started long time ago, or the other way, you were born rich. It takes a lot of time and discipline to reach what many would consider “financial stability”. I consider it as a puzzle where you have to make sense of all the pieces and connect the dots. Most of
I have a live account which is going up, but my Sharpe Ratio in FOREX is really low. I have studied a lot of investment options and liked FOREX most of all. It is a many trillion dollars market, per day, which makes it ideal for those who want a fast way in and out but still the Sharpe Ratio in FOREX is leaving me speechless. Unlike stocks it has a very low entrance point, it is really easy
Here we meet again, but this time I will showcase an automated trading robot which I have called MEDIAN MULTI MEDIAN MULTI is a robot I developed last year while testing some ideas of mine on automated trading. It’s logic is simple and in my opinion sort of foolproof. MEDIAN MULTI is capable of producing miracles during backtests, like the few tests listed below: Taking EURUSD from 10000 USD to 318416 USD in the time-period 08-Feb-2011 to 25-Dec-2016.
Welcome back for the latest update on my Live FOREX account for December 6th 2016 Just a few facts from the last update on November 30th 2016 and the changes happening: Total profit from 1642.44 to 1812.56 (a difference of plus 170.12 USD) Total sum of pips from 10530.8 to 11357 (a difference of plus 826.2 pips) Total orders closed from 586 to 662 (a difference of plus 76 orders) These days I have gone through the posts myself as well got