TRADE FOREX PROFITABLY
TrendLine Trader?
Jan 14th
Experience“If you are not a trendline trader you should be. By trading breakouts you can drastically decrease your screen time while taking trades that offer the best risk/reward ratios available. You don’t need a high success rate like other short term trading strategies. Even if you only make 4/10 successful trades a month, you’ll still be making a decent income. If you can draw a straight line you can make pips! www.idraw-trading.com ” – Will Schaarrand
Listen to an experienced that had his first success with only trendlines and fibonacci retracement/extension ratios back in 2009. Why did trendline trading make More >
So you want to be a successful day trader? Part1
Jan 29th
Life Style
The life of a day trader doesn’t start out with hot women and fast cars, even though many want to believe this. If this is what you want then let this be your ambition to succeed. If you want to reap the benefits of being a successful day trader you need to realize it’s not going to happen overnight or within the first few years. Just like any business, you’ll need to put the majority of your time, energy and money into this venue. So before we get into the real life scenarios and the sacrifices that you’ll More >
Technical Analysis vs. Buy and Hold: What yields more?
Jan 28th
Either Way, Timing More >Regarding the role of the technical analysis in trading, before 1980s most researchers criticised it and concluded that is not able to produce as good results as the buy-hold strategy (Alexander, 1961; Jensen and Bennington, 1970; Fama, 1970). However, later studies have proven the opposite (Pruitt and White 1988, Bessembinder and Chan 1995). Trading rules/systems (using technical indicators) based on past data could create excess returns and prove that usefulness of technical analysis. Such conclusions had Brock, Lakonishok and Lebaron (1992), later Bessembinder and Chan (1995, 1998), Lo, Mamaysky and Wang (2000) and many others — Nikitas Goumatianos
ForexSignalAvatar: Blown Account
Jan 27th
On December 18, 2011, I wrote an article about ForexAvatar and How this account manager could possibly be a good investment based on the statistics below. I also mentioned my concern as there were signs of Martingale and sure enough 1 month later, the account blew.
Why is this a good investment?
- Steady growth for 3 months
- 16% Maximum Draw-down
- No floating loss
- Over $150k invested
- Diversified Portfolio: Currencies and Metals
- Almost 800 trades within 3 months: Active Intraday Trader
- Best Pip gain = 333 pips = $2978 gain / Worst Pip Gain = 338 pips = $5348 loss
- Average holding time: about More >
USD DUMP
Jan 25th
ECNFOREXROBOT.com SCAM
Jan 24th
I joined REGNOW as an affiliate after Plimus and CLickBank kicked Forex Vendors to the curb, so now I’m on a daily mailing list of all the new products. Our Topic today is no other then the Magic Robot. Their latest Domain is ECNFOREXROBOT. It’s an arbitrage robot that continues to fool the newbie. So before you make that $2000 payment , please read my other articles pertaining this scam. – ScalpingRobot.com
Scamming Forex Traders With MetaTrader
Jan 23rd
I came across ECNJESUS.com and there are several short videos that display the administration function within the Metatrader Trading platform. If you’ve heard of the Virtual Dealer Plugin, well here’s proof of it. Enjoy.
Algorithmic Trading For Life
Jan 22nd
No doubt algo’s are taking the markets by storm as their presence control the majority of the trading volume. While some agree and others disagree whether they add efficiency or destroy the true equilibrium and purpose of a open market, their presence will only continue to grow.
The popularity for automated trading system continue to grow as volatility becomes too strong for manual traders act fast enough to maintain a profitable edge. If you can’t beat them, you might as well join them. I’ll be dedicating 2012 to only automated trading system development.
I’ve been a manual trader (self taught) for More >
EESFX Promotes Managed Accounts
Jan 20th
ELITE E SERVICES FX SYSTEMS
Their FXV1 Dot Com system -
- A $500 balance that opens up 50 lots. I don’t get it quite yet. It looks like the use of hedging massive lots to churn rebates for their ILQ White Label.
- http://www.mt4i.com/users/fxv1_ilq
- http://www.mt4i.com/users/fxv1_1
- http://www.mt4i.com/users/fxv1_2
- http://www.mt4i.com/users/fxv1_3/stats http://www.mt4i.com/users/fxv1_4/stats
Next is their CurrencyBear Dot Com system (100k Min) that hedges. http://www.mt4i.com/users/cbportfolio — The history states over 100 days, but within the closed trade tab, there are only trades from 9/12/2011. I’m really not a big fan of Mt4i for several reasons but the most obvisious is the User Interface. Wait a second I found this – More >
ForexGrowthBot and iDRAW
Jan 19th
With the latest updates to iDRAW, we can now use trendlines to close the ForeGrowthBot positions. Why would we want to do this? The main reason is that this highly profitable EA only works by following momentum. Therefore, if the momentum burst does not continue the FGB EA will eat up your profits, but not any more.
How Forex Growth Bot WorksThe FGB EA enters once a burst of momentum is confirmed and enters in the direction of the burst/spike. This strategy has proven to be successful in the long term as currency trends often continue in the same More >
www.Monoda.net = Scam
Jan 17th
What a day. Well here’s another scam in the making. A new user on Myfxbook popped up on the Manage YouR Money Listing Board. Their using the trading history from another scammer, AcmeHedge.com – You can read the dicussion on Myfxbook if you like or you can read my article pointing out the arbitrage strategy to prevent the account from losing. Click here.
Below you will see the Two identical accounts under two different users on Myfxbook. The account belongs to AcmeHedge and Not Monoda.net. Either way it doesn’t matter because these trading results are from a broker in Panana, ECN Alpha More >
ForexSocialSignal Explained
Jan 16th
I’m a little disappoint after watching the ITM financial youtube videos because I was expecting statistical figures with evidence that would give us a potential edge as a forex trader. Unfortunately, all the videos included were some chit chat, trading termonology and video footage of some trades running live… It wasn’t convencing to say the least.
Their idea is based off the Twitter Hedge Fund and if this is the first time you’ve heard of this, google it. You won’t be disappointed. You might even come across the research paper that introduced this theory of using social hubs as an More >
Why print money during a Financial Crisis?
Jan 15th
In 2008, the US Dollar increased in value despite the Financial crisis. From August of 2008 to November 2008 the EURUSD moved from a high of $1.56 ( 1 US dollar = 1.54 Euro) to a low of $1.23 ( 1 US dollar = 1.23 Euro). In Forex terms or in pips ( fractional cents) this 3 month move was over 3300 pips. Why would this happen?
The demand for dollars became extremely high and since there’s a limited amount of real currency ( not digital) the value had no choice to go but up. For example, if everyone went to More >
