Posts Tagged ‘trading tips’

August 9th, 2010

Auto Trading in the Currency Market

No Comments, Forex, by Escon deOjo.

Article courtesy of Seven Summits Trader
Automatic trading is everywhere in the currency market nowadays. From millionaire traders who have got their systems programmed into bots for their own use alone, to the beginner who expects to become wealthy from an inexpensive expert advisor without even understanding how to set it up, everyone is getting [...]

Original article by Forex Supersonic
Forex trading reports gives some traders the data that they need to make a lot of money with day-trading or scalping techiques, but for others it just seems to bring about a gigantic wreck.
check your broker’s T&Cs if you need to trade around reports reports. Some will mechanically close [...]

July 27th, 2010

What Are Pips?

No Comments, Forex, by Escon deOjo.

Original post by Surefire Trading Challenge
Some brokers are now beginning to quote the other major currencies to 5 decimal places. Rationally this should mean that one pip would be 0.00001 currency units, but the potential there for confusion is huge, if a pip would be worth 10 times as much with some brokers than [...]

All you need to start is a high speed Internet connection. You don’t even need any funds if you simply want to practice in demo mode at the start. Naturally, if you want to earn income you must have some to invest. One thing that many folk get wrong is that they risk too [...]

June 23rd, 2010

Why Scalping Forex Does Not Work

2 Comments, Forex, by Escon deOjo.

Forex relies upon analysis and scalpers have to do it quick. Sure the charts and indicators do the calculations for you but you still have to check other time periods and take everything in at a glance. You have to be attentive a hundred percent of the time.
You also need to be somebody [...]

Forex trends and foreign exchange prophecies are not the same. A system that is based on trends involves taking a look at charts to see what the price movement has been over the last few periods. In this fashion it is usually possible to identify a long term trend of upward or [...]