This blog offers fundamental analysis, technical analysis and various currency trading information.
Quite some time has passed since I published my last post on the Forex pairs that trend the most. A lot of stuff has changed since then and because a lot of readers have asked me to post an update, I am finally doing it today. But not only that, I am …
We had one new addition to the list of Forex brokers on our website this week:
CMS Prime — an unregulated FX company from the United Arab Emirates with MT4 and MT5 platforms available for live trading. Their minimum account size is rather high at $1,000, but they offer …
EUR/USD was flat today, having a limited reaction to economic data. While the currency pair rose after the release of US retail sales and fell following the release of the sentiment index, overall there was no clear trend today.
Retail sales rose 0.3% in January, matching expectations. The December increase got …
US macroeconomic reports released today were good, supporting the US dollar. Annual consumer inflation accelerated from 2.3% to 2.5%. Unemployment claims rose just a little bit and less than was expected. Meanwhile, the euro was under pressure from poor eurozone economic data and risk aversion caused …
One new company has been added to the list of brokers on EarnForex.com this week:
Invest100 — a Forex broker regulated by the FSCA of South Africa with a $250 minimum, crypto trading, and a custom trading platform.
Some of the previously listed brokers have been updated:
EUR/USD dropped today after the release of US nonfarm payrolls. The currency pair attempted to rally after the initial decline but resumed the drop later. While employment growth exceeded expectations by a wide margin, the unemployment rate and wage inflation failed to meet predictions. But markets paid more attention to the positive part …
EUR/USD traded about flat today, ignoring the unexpected decline of German factory orders. (Event A on the chart.) The currency pair got support from the positive market sentiment, caused by hopes for a cure for the Wuhan coronavirus and the reduction of Chinese tariffs on US goods. US economic reports came out better than …
EUR/USD fell today and extended its decline after US employment data provided a big positive surprise.
ADP employment rose by 291k in January, far above the forecast reading of 157k and exceeding the previous month’s gain of 199k. (Event A on the chart.)
US trade balance deficit was at $48.9 …
Quite some time has passed since I published my last post on the Forex pairs that trend the most. A lot of stuff has changed since then and because a lot of readers have asked me to post an update, I am finally doing it today. But not only that, I am …
Quite some time ago, one of our forum members asked for an indicator to detect basing candles in MetaTrader. Today I present a new free indicator both for MT4 and MT5 — Basing Candlesticks.
It is a minimalistic indicator that compares the body size of the candle against its high-low range and, …
Our Market Profile indicator has received another major update today — version 1.13 implements the following changes:
Market Profile blocks (TPO’s) can now be colored according to whether the original bar is bullish or bearish in contrast to the bar being older or newer. This might be useful to quickly …
Disclaimer: I have received a free copy of sRs Trend Rider 2.0 for review, but I am in no way affiliated with Vladimir Ribakov.
sRs Trend Rider 2.0 is a trading system, which includes a set of expert advisors and indicators as well as an explanatory ebook. The main purpose of sRs Trend Rider 2.0 …
Version 2.22 of Position Size Calculator fixes two minor bugs and introduces three cool new features:
You can set the input parameter UseCommissionToSetTPDistance to true and then the Take-profit button will use the entered commission when calculating the TP line location:
If you leave …
If you want to be sure that your strategy can yield better results than you would attain by simply buying and selling randomly, you need to test it. There are two ways of doing it: backtesting (when you use past data to see how the strategy …
Apart from some bugfixes, the version 2.18 of Position Size Calculator contains three new features:
The new version of Market Profile, which has been released just now, implements two new major changes and two minor ones.
The first major change is that you can now control how the indicator processes Saturday and Sunday candlesticks. Before the update, it would try …
With ampler layout and lots of bugs squashed, version 2.15 of Position Size Calculator together with version 1.06 of PSC-Trader have been released today. The main goal of this update was to fix as many errors and inconsistencies in calculation and display as possible. The second goal was to add some of the requested …
Upon receiving quite a lot of feedback and suggestions on further improvement of the Market Profile indicator, I have finally managed to prepare the new version — 1.08. The latest build is now more robust than ever:
Ten years have passed since the last time I had delved into the topic of trading Forex on Christmas. It is time to present a deeper and better version of that analysis that will also be up-to-date and relevant to our current market conditions. Many traders believe that the Forex …
Update 2019-09-12: An in-depth update has been performed to bring the regulatory information presented in this guide to reflect the current state of affairs (especially, the post-ESMA regime changes in Europe) and to add two important regulators — the FSCA (South Africa) and the IIROC (Canada).
While all transactions in a stock or futures markets are carried out …
Update 2019-07-25: Less than a week after publishing this review, Spotware released an updated version of cTrader for desktop (v.3.6) that improved the platform even more. Additional features included: new Automate functions to create custom interface elements for cTrader charts, cBot autorestart on platform restart, support for multiple platform …
This post is a huge 2019 update to our previous review of Forex calendars published back in 2017.
If you trade based on fundamental analysis or employ a news trading strategy, then an economic calendar is an indispensable tool for you. If you are a technical analysis…
Even though trader unprofitability numbers have to be updated by Forex/CFD brokers on a quarterly basis, not all regulated European brokers updated their values since our last review (May 2019). However, the vast majority of brokers already refreshed their risk warning, so it is time …
A successful currency trader needs a proven trading strategy. Many traders prefer strategies based on trends. Such strategies work best with currency pairs that trend well. Monitoring a predominantly range-bound currency pair (USD/KRW, for example) would yield little result, even with a solid trading strategy…
Arbitrage is a practice of earning money by simultaneously buying and selling the same asset on different markets without exposing yourself to the asset value risk. The simplest example of FX arbitrage would be to buy a currency at one broker at an Ask price that is lower than the Bid price you can sell it …
Currency trading is by and large carried out in the OTC (over-the-counter) market. Lack of a central regulatory authority has given rise to numerous Forex brokers with offices in exotic locations. A large section of the retail traders depend on these Forex brokers to trade currencies from the comfort of their home. While it just …
As per efficient market hypothesis, it is almost impossible to outperform the market. The reason is that market’s efficiency ensures that relevant details of an asset are incorporated in the prevailing trading price. It means that, theoretically, there is no possibility of buying and selling an asset low and high respectively. …
Many think of bitcoin as an investment and rightly so, it has grown from being worth fractions of a penny to being worth hundreds of dollars in a few short years. Price fluctuations have made it a popular commodity to trade both in the futures market and in real time. Bitcoin now easily surpasses $100 …
Food has a direct effect on the performance of a trader. A healthy diet keeps a trader alert and active throughout the day. This would ultimately enable a trader to have a clear understanding of the price movement in the market, to validate signals without lack of concentration and to take successful trading decisions without any dilemma. In this regard, let …
Originally, I intended this post as a do-it-yourself guide on how to add alerts to MetaTrader indicators without knowing how to code at all. But writing it, I came to realization that even if a trader knows nothing about MQL language and coding he will have to learn some basics through this …
The normal gap trading strategy — that is buy/sell after a weekly gap to profit from gap’s compensation — has a nice statistical evidence behind it. But what do we know about forecasting the weekly gaps based on information available to us on late Friday session?
I have decided to backtest …
Market Profile indicator is a powerful tool developed by a CBOT trader. Its original purpose was to graphically organize price and time information obtained during a trading session in a manner useful to traders. Today’s Forex market is quite different from what commodity futures trading was back in 1985 …
Without looking at any charts, my first thought about the strongest major currency during the last five years would have been the US dollar. After all, it was the major winner in the global financial crisis of 2008 when the markets had run for safety while the dollar’s rivals fared poorly. …
