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.
Do forex brokers manipulate price? If they know where your stops are on their books, do they stop hunt?
What are forex options? Are they real options, like stock and futures options? Will we see these new volumes registered on the CBOE?
Forex data may be free in some places, and cost in others. Why is indicative data free? We’ll examine some of the problems when performing backtesting analysis on your forex system using this type of data.
FXCM has imposed several restrictions to prevent itself from loss. If a forex broker cannot make money it will not be in business and if it’s not in business it would not enable us to trade on the currency market. Yes, I know, I know it’s horrible isn’t it. FXCM’s restrictions seem too restrictive. But…… Continue reading How To Take Advantage Of FXCM’s Restrictions
What is the core philosophy behind your forex trading development? Are you creating a system that tries to capture every up and down move regardless of market volatility?