This blog offers fundamental analysis, technical analysis and various currency trading information.
One new broker has been added to our list during the week that ends today:
TradeATF — an offshore broker registered in Belize and aimed mainly on Latin America, but doing business globally. They offer MT4 accounts with up to 1:500 leverage and $100 minimum size.
Some of the listed …
EUR/USD fell a bit today but is currently moving sideways. The dollar remained largely strong thanks to the persisting risk aversion. US macroeconomic data was mixed today as the labor market showed worse results than was expected, while the housing market was better than expected.
Initial jobless …
EUR/USD continued to decline today. Market analysts speculated that the decline was a result of coronavirus fears and today’s macroeconomic releases in the eurozone, some of which were rather disappointing. In particular, the services sector in various countries of the region showed notable weakness. The testimony of Federal Reserve Chairman Jerome Powell did …
EUR/USD fell on Monday due to risk aversion caused by a surge of new coronavirus cases and continued to move down on Tuesday. Positive US macroeconomic data released today was also weighing on the currency.
Richmond Fed manufacturing index rose from 18 in August to 21 in September. That was a positive …
This week has brought us zero new listings, but we have updated some of the listed brokers:
easyMarkets became regulated by the FSA of Seychelles.
Global Market Index added an ECN account type with $100,000 minimum size.
Global Prime stopped accepting payments via WebMoney.
HotForex added …
EUR/USD fell a bit today in a largely directionless market. The currency pair was swinging between gains and losses after the FOMC monetary policy meeting as traders were digesting the dovish policy announcement. As for today’s US macroeconomic data, it was mixed.
US current account deficit rose to $170.5 …
EUR/USD was falling at the start of Thursday’s trading session but reversed movement later and has erased almost all of its losses by now. The dollar was surprisingly strong following yesterday’s monetary policy announcement from the FOMC considering how dovish it was. But apparently, markets were expecting even …
EUR/USD was moving up at the start of Wednesday’s trading session but has reversed its movement at about 10:00 GMT. The currency pair was extremely volatile immediately following the release of the monetary policy statement from the Federal Open Market Committee but quickly resumed its downward movement. Disappointing …
If you ever wanted to trade using Tom DeMark’s TD Sequential methods on a MetaTrader broker but found the currently available indicators lacking, you will be delighted to get hold of my latest creation — TD Sequential Ultimate. It is a free open-source indicator available for MetaTrader 4 and MetaTrader …
Have you ever wanted to set up a schedule for your MetaTrader platform to turn off AutoTrading at a given day and time and then re-enable it at some other day and time? Me neither! But I am quite sure there are many people who need something like that. AutoTrading Scheduler…
Price Alert indicator has got a complete overhaul today and is now equipped with a small but very functional panel. You can use it to set price levels, enable and disable alert types, and quickly remove the indicator. Push-notification alerts are now supported by the indicator. Additionally, input …
Today a new version of Market Profile indicator for MetaTrader 4 and 5 has been released. There are three main additions to the indicator this time:
The biggest one is the rectangle sessions. They are enabled by setting the Session input parameter to Rectangle and adding any …
Another major release of Position Size Calculator is out today — version 2.29. Its biggest highlight is the possibility to create multiple trades based on a single calculated position size by launching the PSC-Trader script (which also got updated to version 1.08). The list of changes is available below:
Our Account Protector is a powerful expert advisor, but not in the sense it is often understood by online Forex traders. It doesn’t trade for you by opening buy or sell positions automatically. Account Protector manages your trading account’s risk by enabling you to select a set of actions to trigger when …
Trading off round numbers is a rather popular technique in Forex and other financial markets. Although round price levels rarely hold any meaningful fundamental value, they provide solid psychological points of reference to human traders. This makes them quite effective when trading psychology-dominated markets. That …
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 …
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:
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 …
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 …
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 …
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 …
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 …
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.
The influence of the US presidential cycles on the stock market is known for years. There are articles published in the peer-reviewed economics journals focusing on the idea of trading using the presidential cycle as a signal. One of the latest such articles is The Four-Year U.S. Presidential Cycle and the Stock Market published in Graziadio Business Review by Marshall Nickles …
