Individual traders will set up the expert adviser in different ways. Generally, the best recommendation is to follow the default or the settings that the developers counsel, but some people will vary this for their own reasons, such as having a greater or lower risk tolerance. This could affect the stop position which can have [...]
If a trader tells you that they made one hundred pips profit, you do not learn anything about their finance situation. If they are trading a pair like EUR/USD where the dollar is the quote currency, 100 pips profit would be $1,000 on a standard lot of $100,000 but only $10 on a $1,000 micro [...]
This is the first of 2 articles taking a look at foreign exchange vs stocks from the viewpoint of the retail stock trader. You aren’t limited to dealing in the currency of your own country. Forex is an over the counter market and there’s no central exchange or clearing house. This gives the forex market [...]
Naturally, it is alluring to utilise a demo account in an exceedingly different way than we would if we were handling real money. Folks often leap into demo foreign exchange trading like it were a game. So it is very important not to max out the leverage, open trades at random and play with 10 [...]
Beginning with a micro account does not necessarily mean that you can skip over the demo stage. This cuts down on the chances of making technical mistakes or mistakes in the execution of your system in your real money account, provided of course that the platform remains the same in demo as for the genuine [...]
There are one or two currency exchange secrets you can use to boost your profits, regardless of what currency trading system you may be using. Here is one straightforward trick that will help you to make more out of each successful trade. It’s really important not to keep a winning trade open until the instant [...]
Demo foreign exchange trading is commended as the way to start by nearly everybody, including us here on this site. Trading in a demo account enables you to get to know your broker’s platform and services, discover the strengths and weaknesses of your system and figure out your own strengths and weaknesses as a trader [...]
Video can be a great way to see a system in practice and many ebooks offer some videos together with the written instruction. Be aware though that it often takes longer to watch video or hear a live presentation, than to read something. So if you are offered a course that is many hours of [...]