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
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FOREX Strategy Testing backtest how to
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
FOREX book for beginners, patterns and probabilities
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
You want to get rich NOW, but it has to start somewhere
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