Category - Forex

1
What is a Forex Trade Copier and How It Works
2
All About Repainting and Non-Repainting Indicators in Forex
3
How to Identify Forex Scams in 5 Simple Steps
4
Is MT5 about to replace MT4 platform?
5
How to Close All Open Trades on MT4 at Specific Time
6
Can Your Trading Strategy Be Coded Into MT4 Expert Advisor?
7
Amazing Way to “Partial Close” Trades Automatically in MT4
8
Simple Reason Forex Orders Fill Too Early [Misunderstanding]
9
Forex Trading Strategy Switching Leads to Failure [Always]
10
Interesting Pros and Cons List: Human Trader vs Forex Bot

What is a Forex Trade Copier and How It Works

With the modern technology in place, the world is more connected and smaller. Communication around the globe is simpler today thanks to the robust growth in the information sector. Forex trading has not been left behind. Today, accounts managers are able to operate several accounts from a single master account.

Don’t confuse trade copier software with a signal service which operates using a trade copier. Let me explain everything you need to know about trade copiers.

A trade copier will copy trades executed in the master account to several slave accounts as shown below.

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All About Repainting and Non-Repainting Indicators in Forex

Many forex traders make use of technical indicators to guide them in predicting and making the right trading decision. In some cases, a good number of these traders end up using indicators that instead mislead them.

In this information age, scammers are all over the internet preying on unsuspecting buyers of their products. A lot of forex indicators are on sale, promising to give unmatched results only to turn out to be scams.

This article focus is on repainting indicators. The concept of repainting has been used by a number of scammers.  Repainting makes indicators so appealing when assessed on historical charts but not the case in real time trading. To break it down we differentiate between repainting and non-repainting indicators.

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How to Identify Forex Scams in 5 Simple Steps

Many people across the world fall into the traps of scammers and end up losing money in the hands of scrupulous scammers. If they had a better way of identifying the scammers earlier in advance, they might have escaped the pitfall. The forex market has been a soft spot for many scammers that are constantly coming up with new and lucrative scamming methods that are appealing to most people that end up on their trap.

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Is MT5 about to replace MT4 platform?

During the past few years, there were lots of rumors about the MetaTrader 5 platform replacing the MetaTrader 4, a platform that we all love so much. This time it seems to be serious after MetaQuotes company announced that MT5 is coming and MetaQuotes will stop supporting the MT4 platform. However, I think MT4 is here to stay for quite a while because many brokers and traders do not like the idea of switching to MT5 and losing all their expensive MT4 trading tools.

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Simple Reason Forex Orders Fill Too Early [Misunderstanding]

Over the last few years I have received and answered literally thousands of emails to my customers and one of the most interesting questions I get was this.

My BUY trade was triggered without price reaching the buy line or pending order. What would cause a trade to trigger early and how I can avoid it?

This is actually just a simple misunderstanding, but I found that a lot of people do not know about this, so I feel obliged to explain this.

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Forex Trading Strategy Switching Leads to Failure [Always]

Procrastination? Ohhh, I know this feeling so well it even hurts to write these words. Procrastination is one of the biggest problems in the world when we speak about achieving goals and checking items from our to-do lists in any area of our lives. No difference in Forex. There are so many things to learn, yet not all of them are effective and useful. Some might even hurt your knowledge.

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Copyright © 2009-2018. Rimantas Petrauskas | Terms and ConditionsPrivacy PolicyEarnings Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer. Neither us, nor our affiliates or associates involved in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Copyright © 2009-2019. Rimantas Petrauskas | Terms and ConditionsPrivacy PolicyEarnings Disclaimer
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