10 Strategies On How To Successfully Trade Forex With Automatic Trading Robots

10 Strategies On How To Successfully Trade Forex With Automatic Trading Robots

A Forex Expert Advisor (also know by other names such as Forex Trading Robot, EA, MT4 EA, Automated Forex Trading Software) is a mechanical trading system written in the MQL-4 programming language and designed to automate trading activities on the MetaTrader 4 platform.

Hundreds of brokers and system developers are enticing new traders into trading the Forex market with claims of double digit or higher returns in a short space of time.The reality is that 95% of new traders lose their trading bank in the first couple of months. How can you ensure that you are part of the successful 5%? (more…)

Basic Forex Strategies

Basic Forex Strategies

Technical analysis and fundamental analysis are the two basic areas of strategy to use when it comes to the FOREX market which is the exact same as in the equity markets. The difference however, is that the technical analysis is by far the most common strategy that is used by individual FOREX traders. Here is a brief overview of both forms of analysis and how they directly apply to forex trading:

Fundamental Analysis (more…)

Getting it Right – Choosing a Forex Strategy

Getting it Right - Choosing a Forex Strategy

Choosing your Forex trading strategy is a significant part of beginning your Forex career. Basically, the two strategies are fundamental analysis and technical analysis. These are the same in the Forex market as they are in the equity market. Most Forex traders use the technical analysis strategy because it is simpler.

Below is a brief overview of each strategy and how they are used in trading Forex:

Technical Analysis(more…)

Forex Trading and the Economic Calendar

Forex Trading and the Economic Calendar

Trading foreign currencies necessarily requires certain study disciplines. These may include, but are not limited to, studying the trend and average true range, studying the support and resistance levels, studying trading volume etc.

Of all of the various studies that the trader will make on a daily basis, one of the most important, and yet often overlooked, areas of study is that of the daily economic calendar.

The purpose of this ar (more…)

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