How can you work out what is the strongest or weakest currency? Determining this can help you when seeking to go long or short. Here’s some MetaTrader 4 code to help get you started.
One way you can easily wipe-out an account is by not managing your currency risk effectively. Take the following example, where we have the following open positions: Long GBPUSD Short EURGBP Long GBPAUD Long GBPNZD Would you be comfortable if all these open positions were currently losing money and your robot trading system wanted to open a long GBPJPY position? The Problem The problem with our example portfolio is that we are all long the Pound currency.
How can you make your MetaTrader 4 software run faster? If you want to reduce the resources MetaTrader consumes on your computer then here are 5 easy things you can do without touching your Expert Advisor.
How can I make MetaTrader 4 run faster on my VPS? Here are 3 tips your VPS hardware will need if you want to improve the performance of your Expert Advisor.
What is drawdown? Here are 5 tips on how to minimise the effect of drawdown on your forex trading account.
Which automated trading platform do you use? Here are the 3 most popular forex trading platform.
If you’re looking for a reputable and reliable forex broker that offers amazingly tight spreads and great execution then you can’t go past Pepperstone, they also offer rewards such as…
If you have been bitten by the forex trading bug then there’s some sound advice in approaching this which you need to hear and heed…
There are three ways you can practice trading on the forex market: demo trade live, paper trade historical data, or back-test using automated buy and sell signals. Choosing which to use depends on your time availability and skill set. Forex simulators can help many forex traders improve their forex trading without needing to know how to code.
Do you need to buy that new forex course? You can if you want, or you could take that money and put it into a forex account, trade, then learn about your mistakes. You’ll progress much faster if you’re willing to put in the time and effort to learn about how you trade.