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
Tag Archives: Yen
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
Live FOREX December 6th 2016 – Status update
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
Live FOREX November 30th 2016 – Status update
Here we are again to update the info on my Live FOREX account November 30th 2016 Just a few facts from the last update on November 22nd 2016 and the changes happening: Total profit from 1513.54 to 1642.44 (a difference of plus 128.9 USD) Total sum of pips from 10.276.6 to 10530.8 (a difference of plus 254.2 pips) Total orders closed from 512 to 586 (a difference of plus 74 orders) The top performer up to date is GBPJY, still
FOREX Trading and the almighty MetaTrader 4
You have already seen ads all over the web on FOREX trading and how they can make you rich overnight, but at some point we need to get to basics Like every good secret agent or professional, you will get your tools and weapons to succeed in your mission. There are many out there like Metatrader 4, some are good and some are not so good. What I’ll talk here about is the almighty MetaTrader 4. I
Live FOREX November 22nd 2016 – Status update
Live FOREX is intriguing and everyone likes to show of a little when things go well. This is not the case here. Don’t get me wrong, things are going fine and as expected. We are getting results in line with the backtests (more than 4 years of data). Here we are to provide an update as of November 22nd 2016. If you can recall from my previous post, the account started in October and it is running in
FOREX to the People
Gone are the days when institutional FOREX was a closed club It’s all around on internet, get rich fast, or at least try to. I’ve been reading about FOREX since 2009, which is considered late for any professional trader. Well it is not so any more. Forex is by far the largest financial market in this planet. There are billions of dollars (USD), euros (EUR), pounds (GBP), yen (JPY) and all other currencies being exchanged everyday and with the