Traders and investors can turn precise entry, exit and money management rules into automated trading systems that allow computers to execute and monitor the trades. Automated trading software goes by a few different names, such as Expert Advisors (EAs), robotic trading, program trading, automated trading or black box trading. Automated software is a program that runs on a computer and trades for the person running the program. Since it is a program, it will only take trades with parameters that align with what is written in the program....
Gold rose on Monday, helped by a weaker dollar on expectations that the U.S. Federal Reserve might apply brakes on its monetary tightening cycle in 2019, although an improved risk appetite limited gains for the safe haven metal. Spot palladium, which broke through $1,300 on Friday to hit its highest on record at $1,310 per ounce, was still trading at a slight premium to gold. Spot gold was up about 0.4 percent at $1,290.42 per ounce as of 0752 GMT. U.S. gold futures gained 0.5 percent to $1,291.90 per ounce. The dollar is weak, aiding gold...
Hello everyone, my name is Tina and I have been trading forex for four years now. I am a full-time hairdresser, but thanks to strange circumstances I was introduced to the world of forex trading. I was hospitalized overnight and when I was taken to my room, the other patient I shared it with was angrily mumbling into her phone. At first I was a bit concern as I thought she was in a serious condition. After she got off the phone she looked at me, shrugged her shoulders and said: “Crazy forex market, isn’t it?” I had no idea what she was...
Trading psychology is a critical aspect of achieving success in the forex market. It deals with the emotional condition of a trader when entering and exiting trades, looking for potential trade opportunities, or carrying out other trading-related tasks. Usually, most traders experience losses because of negative emotions that poison their rational decision-making processes and cause them to make improperly planned trade decisions. We, as humans, are innately emotional creatures, something which dictates our judgments. We tend to elevate our...
Support and resistance levels which were not violated in almost ten years, were crushed in a matter of seven minutes starting around 0930 this morning in Sydney. The AUDJPY dropped almost 8% while the TRYJPY plunged over 10% during that period. Against all currencies in the G-10 basket the Japanese Yen moved a minimum of 1%. Half of those moves have been reversed as traders are still trying to pinpoint what caused this flash crash. A wave of orders flooded Asian trading desks to sell the Australian Dollar and the Turkish Lira against the...
