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    Forex MegaDroid Review and Test Results

    MegaDroid is one of the successful commercially available EAs. By successful I mean it has the potential to bring profit consistently in Forex trading.

    10 Forex Trading Tips to Help You to Succeed in Currency Trading

    So many people fail in trading Forex. But you don’t have to. Some people ask me if there any rules to become a successful trader. When I think about my trading I clearly see 20 rules that if followed can make you consistently profitable trader. Some of them you probably know. The only thing is left is to implement them in your trading.

    Forex Analysis and Probailites of a Trade

    If you ask two different people statistician and Forex trader what would be the probability for one to get run over by the car you will probably will get two different answers. Statistician would likely to say that the probability is very low. Forex analytic would say that the probability is 50%. The problem is that Forex trading requires completely different mindset than that we used to in our daily life.

    Who Can Succeed in Forex?

    The thing is you can study the Forex market for your whole life and not make a single step towards the truth. New trading strategies, new indicators, new trading robots are emerging every day. Someone discovers new methods of chart analysis. The list goes on.
    Can you imagine how much effort, time and energy does it take? Every theory must be studied and tested. It must be done with persistence for quite a long time in order to get the reliable results. Statistical of those tests results must be analyzed.

    Trading Systems and Reality of The Market

    Loss is just the discrepancy between mathematical model and reality. The most interesting thing is that in this case unexpected profit is the same as loss. If profit or the size of it was not planned by your trading system that means the reality stepped away from the model.