May 8, 2020
This post is a 2020 update to our yearly review of Forex calendars. If you are familiar with our previous reviews, you might be interested to check out the changes for this update:
Added Myfxbook calendar review.
ZuluTrade was completely removed from our list of top Forex
…
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 …
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 …
September 12, 2019 (Last updated on September 23, 2019)
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 …
July 22, 2019 (Last updated on September 10, 2020)
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 …
May 29, 2019 (Last updated on June 4, 2019)
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 …
May 8, 2017 (Last updated on May 9, 2017)
4 Comments
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 …
December 13, 2016 (Last updated on December 19, 2016)
1 Comment
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 …
August 2, 2016
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. …
July 4, 2016 (Last updated on October 13, 2018)
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 …
March 22, 2016 (Last updated on March 23, 2020)
276 Comments
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 …
April 24, 2015 (Last updated on May 31, 2015)
2 Comments
If you ever wondered what is the total cumulative risk of your currently open orders and positions, then my latest MetaTrader tool — Risk Calculator — will help you to answer that question even if you have many orders with interwoven stop-loss and take-profit levels.
Although, I am …
April 20, 2015 (Last updated on May 23, 2017)
2 Comments
The aim of a Forex trading checklist is to prevent impulsive trading and accidental mistakes. An essential checklist for smooth execution of a basic Forex trading entry is presented below. Feel free to build on it and modify it according to your trading style.
August 19, 2013 (Last updated on August 20, 2013)
2 Comments
It strikes me how some traders use their reward-to-risk ratio as a base for setting either take-profit or stop-loss of their positions. They usually follow these steps or similar: set stop-loss to some important chart level, multiply the stop-loss in pips by desired reward-to-risk ratio and get the take-profit level from it.…
June 15, 2012 (Last updated on July 31, 2013)
4 Comments
What Is Point-and-Figure?
Point-and-figure is a method to represent the price information on charts. It is like Japanese candlesticks, bars and lines but different. It does not use the time scale at all. While the vertical scale is still designated for price, the horizontal scale measures only the number of price reversals …