Many have heard the term forex advisers or electronic advisers as the MT4 community refers to them. There are thousands of them available, many can be accesses directly from inside the MT4 Trading Platform. There are hundreds of free versions available for traders while others require a paid license. Forex traders can chose to run them alongside their own trading strategies or operate them in a trading account by themselves. They can be great for a number of reasons, but should also be approached with care. EA’s need to be activated in MT4...
Many new forex traders try to make big profits in a short time. The first year of trading currencies should be all about learning how to trade. There are important lessons to learn when it comes to approaching markets, executing trades and monitoring risk. Achieving break-even at the end of year one can be a victory. Most currency traders who can at least break even after one year of trading will often become profitable traders in the years that follow. It is not easy to be a successful forex trader, it requires patience, concentration, time...
In the fast-moving world of currency markets where huge moves can seemingly come from nowhere, it is extremely important for new traders to learn about the various economic indicators and forex news events and releases that shape the markets. The key to successful trading is to be prepared and the Forex Economic Calendar will help you to have a better overview of what is happening in the market and to make the best trade decisions. Because the most important news can cause heavy price fluctuations and volatility. You cannot consistently...
Foreign currency trading, or forex, is no longer the domain of professionals. That all started changing in the mid-nineties, especially with the advent of the Internet. Now, many part-time traders are finding success in forex. Today, anybody with the guts, the gumption, and of course loads of discipline, can decide to start dealing in retail forex – dealing in the exchange rate of currencies of various nations across the world. If you still have a 9 to 5 job, becoming a professional trader in your spare time can be quite a challenge....
Less than twelve months away from Brexit, business in the UK could soon receive a bit of news they have all been waiting for; the transition period. After the Brexit referendum, those UK businesses exposed to the EU have pleaded for a transition period in order to adjust to aftermath of Brexit. It was rumored that such a period will be agreed on, but no official announcement has been made. David Davis, the UK Brexit Secretary, will go to Brussels on Sunday and is scheduled to meet with his EU counterpart, Michel Barnier, on Monday. Many may...
