Escon deOjo's Forex

This is a guest article by High Velocity Market Master
If you visit foreign exchange forums you will certainly hear people talking about scalping forex. Some swear it is the only possible way to trade, others say that it is a funny method which has no hope of making money.
In this piece we are [...]

Your exact day by day trading plan is more about your position size, stop losses, close point for a successful trade, and so on. In this situation you do have a profit target, voiced vis the number of pips you will take if the trade is profitable. It’s not a brilliant idea [...]

Foreign exchange history is a fascinating subject that many traders don’t even think about. Currency exchange has developed immensely in the last few decades but the development of FOREX trading goes back a long way.
Early in the history of humanity there was no currency. People would exchange goods and services [...]

Any source of fx trading info will tell you you will need to test a foreign exchange system before you go live but how precisely are you able to do that? The reality is that you should do it in more than one way.
Back Testing
Back testing a forex system involves [...]

1. Shortage of patience
Patience is one of the most significant qualities that any foreign exchange trader wishes to develop and it is especially true of scalpers who sit watching the market, often for hours at a time. It is easy to suspect that you see the conditions coming right and then [...]

I often get asked if FAP Turbo still works. It’s an old robot and one would thing that given the short life span of these robots, it would not work anymore. No, this EA works, even one year down the road. It’s quite surprising really, as I said very few programs can work that long.
But [...]

Artificial Intelligence (AI) is sometimes used in Forex robots. One of the first popular robots to use it was IvyBot. It has employed AI to adapt to market conditions, which is a huge obstacle for expert advisors. If it worked, should have been obvious after a few months of activity.
Unfortunately, IvyBot didn’t do anything significantly [...]