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    Is Day Forex Trading Training Worth Your Money?

    traderIn the beginning of my part-time trading career couple of years ago I was a struggling trader failing to make a consistent profit in Forex. If you are someone like I was that time then probably you are looking for educational and training information on Forex. I had experience with a few trainings and courses and can give you a few tips how to pick the right one.

    Forex market is becoming more and more popular lately. Many advertisers and brokers are trying to seduce you to join them to trade currencies promising quick money with little effort. Once a person seduced and finds outs how hard it is actually to trade currencies profitably he either gives up or starts looking for information and training courses.

    Continue reading Is Day Forex Trading Training Worth Your Money?

    Micro Forex Trading Accounts: Can You Take Them Seriously?

    dreamrealityIt is possible to open a micro forex trading account with only a tiny sum of money these days. In fact at the time of writing, you can start with FXCM with just $25. But are you likely to make money (any money) with such a minute balance?

    Micro lot size is 1000 so FXCM are offering 400 to 1 leverage to allow you to trade from a $25 account. This kind of leverage means very large risk and makes it very likely on most trading systems that you will wipe out your balance pretty soon.

    Continue reading Micro Forex Trading Accounts: Can You Take Them Seriously?

    What Is Forex Hedging?

    eurpoundForex hedging is a situation where you carry two offsetting positions in your account to lessen your risk in the event that things go against you. In brief, that means that you enter into a second trade in order to protect an existing position from negative events.

    This sounds like a great way to get into a win-win situation but it does have its costs. In the first place of course you have to take into account the spread or transaction fees on the two positions. Calculating the cost of this and balancing your hedge requirement can be rather complicated.

    Continue reading What Is Forex Hedging?

    Free Metatrader Indicator - Structure Indicator

    indicatorRecently I came across an interesting indicator. The hypothesis behind this indicator is that the structure of the market repeats and reflects itself. One of such examples of repeating structure can be Eliot Waves structure.

    Have you ever tried to base your trading on Eliot waves? If you are not an expert in Eliot waves probably you had a tough time identifying the structure in current time. The same thing goes with any other structure. It seems like you can easily identify the structure (Eliot waves for example) on the history of the market. However when it comes to the identifying it in present moments there is no certainty.

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    FAP TURBO Review and Test Results

    faptcd-1Today I decided to share my results of testing FAP TURBO EA. They sell it at fapturbo.com. So you can read all the fluff and hype and the history behind that EA at that sales page. Here I just want to show you my results.

    I’ve been playing with the FAP TURBO EA for couple of month by now and I think I have interesting results to share. Unlike Forex Megadroid, FapTurbo does take many trades during the day when it’s in scalping mode.

    Continue reading FAP TURBO Review and Test Results