The core principles of trading are the same regardless of instrument or market. Grab your free copy of Nicholas Darvas’ biography and incorporate the same fundamentals into your own trading approach.
If you’re looking to get started with automating your forex system then the best way to get started is through MetaTrader 4.
When starting out with automation in the forex market it’s important to know how to interface with your forex broker and what software you will need on your computer to interface with it. Start by exploring the options around to see what best suits your needs.
If you’re starting out in forex trading you may want to try, and acquire another skill. Forex trading is extremely difficult and hardly anybody starting makes any money. By acquiring another skill the time and money will not all be lost.
What do you do when you’ve lost in forex trading? Do you give up and walk away? Or do you try to refine your system and try again? Here’s a story I had with another fellow trader who went through the same experience.
How much do you need to trade forex full-time?
It can be a trap to think there’s a magical zone where initial stops and trailing stops are to be placed. Focus on placing stops and learn where they should be placed based on your trading experience.
If you fail to learn from your mistakes you are likely to be destined to repeat them. What things should you be asking yourself when you conduct a trade review and audit after a string of losses?
What are forex options? Are they real options, like stock and futures options? Will we see these new volumes registered on the CBOE?
If you’ve been in the forex market enough you will often hear people making anecdotal cries that the majority of forex traders do not make money trading forex. Why is this? And why trade forex?