Forex expert advisor is a type of trading software that can generate automated trading decisions for traders. Thus, the trader can gain more profits and the trading continues without the trader being present all the time. Traders can run these robots on MetaTrader platforms like MetaTrader 4 and 5. They offer several features to traders, such as providing signals for placing a … [Read more...] about Ways to Identify and Avoid Forex EA Scams
Trading Tips
Guide To Using Renko Charts for Profitable Forex Trading
Renko charts are a trading utility that helps the trader to exploit the price trend for profit. The charts appear like bricks where a green or white brick represents an upwards price movement. On the contrary, a red box shows that the price is falling. Particularly, Renko charts have a smoothing effect; they do not focus on small price movements. The indicator only … [Read more...] about Guide To Using Renko Charts for Profitable Forex Trading
Why MACD Can Be an Unreliable Signal
MACD or Moving Average Convergence Divergence is an indicator in trading, used mainly to measure the potential entry and exit points for traders. It does this by comparing short-term and long term price trends. This indicator allows analysts to derive future price movements and place trades for profits. MACD is a trend or momentum indicator and as a momentum indicator, … [Read more...] about Why MACD Can Be an Unreliable Signal
The Danger of the Martingale System
In the forex world, Martingale is a word everyone is familiar with, usually denoting a type of trading strategy employed by forex robots and expert advisors. The Martingale strategy is actually a negative progression system, which requires a trader to increase his/her position following a loss. In other words, it refers to the doubling of a trader’s trading size when he/she … [Read more...] about The Danger of the Martingale System
Top Twitter informative sources in Forex
As you become a successful Forex trader, you will need to know more and more resources before selecting the best tools and avoid all the noise around the foreign exchange. Forex websites, news, and charts are the essentials to have it bookmarked. In this article, we are collecting the most valuable resources that a Forex trader would need in his day-to-day investment … [Read more...] about Top Twitter informative sources in Forex
