We continue to report from the trenches on the frontlines of forex trading. Today, we dive into passive trading, focusing on “copy trading.” It is a hands-off approach that allows you to engage in the forex market by mirroring the trades of experienced traders. This strategy offers a pathway for those with limited time or […]
Story 8. Copying trades Of Others: Passive Forex Trading Read More »
Forex Expert Advisors (EAs) are automated trading systems developed for the MetaTrader platform. They execute trades based on pre-set strategies and trading rules without or with minimal human intervention. These tools became popular among forex traders because they help streamline trading processes, make data-driven decisions, and potentially enhance trading profitability by minimizing emotional trading and ensuring
Story 7. Forex Expert Advisors. The Worst of the Worst. Read More »
Hello everyone. We continue our series of posts about the forex market. We’re sharing events that we’ve witnessed or participated in. Today, we will focus on trading gaps. Gaps in the Forex market usually occur over the weekend or after major economic or political events. Trading around such events presents unique opportunities and challenges. Our
Story 6. Trading Gaps and Extreme Price Movements in Forex Read More »
Today’s article is about getting savvy with the forex market, specifically mastering trading with support and resistance levels. Whether you’re just starting or looking to polish your trading tactics, we’ve got a step-by-step guide that will make things a whole lot clearer. We’re even throwing in a real-deal example with gold trading to show you
Story 5. Trading Support and Resistance Levels in Forex Read More »
News trading in the forex market is a strategic approach that capitalizes on the volatility caused by significant news events and economic data releases. This method assumes that key occurrences such as changes in central bank interest rates, employment statistics, GDP figures, and geopolitical developments can drive swift and substantial shifts in currency values. Traders use this
Story 4. News Trading in Forex. Day Trading Strategies Read More »
Hey everyone! We’re back with more tales from the Forex frontlines. Today, we will review several forms of intraday forex trading, focusing primarily on intraday scalping, intraday pipsing, and high-frequency trading (HFT). Our discussion will cover their distinct characteristics, as well as their advantages and drawbacks, specifically within the realm of retail trading. Intraday Scalping
Story 3. Intraday Trading Strategies: Scalping, Pipsing and More Read More »
So, today, we’re peeking into the world of day traders and their playbook. We’ve checked actual trader accounts to see the most popular strategies. From zigging when the market zags with counter-trend trades to quick wins with scalping and the classic trades with support and resistance levels. Oh, and there’s something about making moves at
We’re launching a new series of articles, drawing from our personal journey as part of forex brokers’ teams. Today, we’re delving into something quite interesting from the trading world—the MetaTrader 4 Expert Advisor known as Phoenix. At some point, online forums were full of stories of big wins everywhere you looked. At first, it was
Story 1. The Rise and Fall of the Phoenix Expert Advisor Read More »
The universe of forex brokers is quite large. For example, there are regulated and unregulated offshore and onshore Forex brokers. There are A-book, B-book, and hybrid FX brokers. And on top of that, various combinations of these brokers exist. You must learn all the new terminology and trading concepts as a novice trader. It can
Forex trading differs significantly from trading stocks or futures. Unlike those markets, there is no centralized forex market, and all trades are cleared within a broker. Yes, you read that correctly: in the retail Forex market, despite what brokers may claim on their websites, all orders technically stay within the broker. Consequently, the Forex market
What Is A- And B-Booking in Forex? (UPDATED 2024) Read More »