Do you need to pay taxes on your forex trading earnings? If you reside in Australia you do. With the free MetaTrader 4 script included in this post you will have your forex income calculated in no time.
How much do you need to you actually need to trade forex full-time? Have you got a budget?
If you’re using screenshots to take photos of your trading system’s trades as they happen and would like to insert a watermark on your charts, then this free code can help.
If you use Dropbox to sync your forex screenshots for later viewing you might want to use a more lightweight outfit for the task. Dropbox can bloat your Windows VPS and can also cause unintended consequences if you create more folders. Why not try a better, cheaper alternative with S3.
If you come across the cannot open file .ex4 error in MetaTrader 4 the fix is as simple as compiling your code. However, if you’re still stuck you might want to check if your code contains any errors.
How can you create a synthetic forex position? Why is it important to even consider what your portfolio synthetic position is? How can you reduce your portfolio risk by calculating your synthetic exposure?
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?
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?
How many lots do you need to enter if you only wanted to lose a fixed amount? There are several numbers you wanted to calculate a dynamic lot amount for each trade, these are: Entry Price Stop Loss Price Amount to Risk Value per pip (or point, tick) in account currency Profit/Loss Formula To calculate… Continue reading How To Calculate Number Of Lots Per Trade (Position Sizing)