Automation is increasingly taking over trading activities in the forex market. The need to spend the least amount of time scanning for opportunities and trading has triggered strong demand for automated trading systems. Unlike in the past, it’s become much easier to come up with automated trading systems. MetaQuotes Language has made it possible for traders to automate their … [Read more...] about What Is MetaQuotes Language (MQL) in Forex Trading
UK Retail Sales Accelerate in November on Early Christmas Shopping
Source: Office for National Statistics UK retail sales improved in November as shoppers went for early Christmas shopping and Black Friday. FTSE 100 up +0.25%, GBPUSD down -0.22% The Office for National Statistics stated that retail sales rose by 1.4% for the month, rising from a 0.8% increase in October.That figure was better than anticipated, with analysts having … [Read more...] about UK Retail Sales Accelerate in November on Early Christmas Shopping
Elemental EA Review
Elemental EA is a system that works, using a trend strategy to open orders. It has average success among the MQL5 community. Detailed Elemental EA review We have grouped all information that can help us with choosing the system wisely: The advisor should help us with automatic opening and closing orders on a terminal. We can use it with various cross … [Read more...] about Elemental EA Review
Turtle Trading: How Does It Work for Forex?
Turtle trading is a well-known trend-following method that traders employ in order to take advantage of long-term trends in the market. It is utilized in a variety of financial markets to identify breakouts to the upside and downside. The term does not refer to how fast the trade is. Two American commodities traders, Richard Dennis and William Eckhardt fought it out and came … [Read more...] about Turtle Trading: How Does It Work for Forex?
ECB Maintains Further Economic Support to Scale Back Bond Buys Under PEPP
Source: European Central Bank The European Central Bank has said it will, in the next quarter, cut its 1.85 trillion euros or $2.19 trillion bond buying under the Pandemic Emergency Purchase Program due in March. DAX is up +1.17%, EURUSD is up +0.17%. While maintaining the rates unchanged, ECB says bond purchases under the Asset Purchase Programme will be increased to … [Read more...] about ECB Maintains Further Economic Support to Scale Back Bond Buys Under PEPP
