Forex Trading Money » pips

Forex Made Easy

tito — Mon, 12 Sep 2011 17:05:44 +0000

No doubt you have encountered many forex system offered in the internet as you spent time browsing the pages of different webpage. For some of you who are not familiar with the term Forex, Foreign Exchange is the market of currency trading. The currency of one country is traded with another currency with the aim of earning profit from the trade. Forex Trading especially for beginners is quite complex, that is why experience Forex Traders formulate Easy Forex Trading System.

It is though not as complicated as share market needs twenty four hours commitment from a Forex trader. The market is huge and it does a trade of billions of dollars in the US exchange in a day. As the Forex trade is a continuous business which happens all the time it is at times become impossible for a person to attend to it. To have Forex trading made easy one can use automated system to help you and make you make money through easy Forex trading.

If you want to be successful in this competitive trade, you should speak the language everybody in the floor is speaking. Imagine going in a foreign country without a single knowledge of their native tongue. It’s definitely a suicide. Same rule applies in forex trading; a trader should learn terminologies like hedge, pips, and bids among others to communicate better understating and apposite strategies to employ in succeeding in this trade. Easy forex trading requires careful analysis of the forex market. By now, you very well understand that you’re into an ever changing market with the word consistency definitely out of the forex dictionary.

In modern world Forex trading is one of the greatest business globally making huge profits for people. If you are an intelligent and active Forex trader you can make millions but you have to be totally dedicated to this business twenty four hours. You will also have to make decisions immediately and constantly. It is humanly not possible to sit in front of the computer for such long hours and also to stay completely aware of all the things that are involved. For easy Forex trading and to make life simpler there are some automated software has been introduced which is known as Forex robot. These Forex robots actually act as Forex trading made easy and help an individual to carry on with the trading without interruption. These robots help a trader in his or her absence trade sensibly in the foreign exchange market. This software would actually help you to make a nice profit in the Forex market without you being present.

With the automated software it definitely is Forex trading made easy as it does all the work for you. The reason why people lose out on making big money in Forex trade is the incapacity to keep an eye on the market for twenty four hours and take constant decision. This Forex software changes all that. It can keep an eye on your trade all the time and take decision on your behalf too. What you need to do is to check from time to time to see if things are going the way it should.When we talk of Forex trading we talk of global market and that involves number of them. It becomes difficult for the trader to do it simultaneously as markets in different countries operate at different times. The Forex robot which is Forex trading made easy can do that.

Frankly, it is upon individual traders to formulate their own style with the help of Easy Forex reviews and develop a strategy to blend well with the techniques in the direction of profit.

Easy Pips Forex Signals

randi — Fri, 15 Jul 2011 01:59:20 +0000

Trading forex is one alternative way of making money. There are some steps of trading forex. The traders also need strategies so that they can gain the benefits or money from trading forex. One thing that is important for the traders including the beginners is the forex signals. Then, Easy Pips is a recommended forex signal. It is a real time provider of professional forex signals that are delivered directly to your Metatrader trading platform 24 hours a day, 5 days a week. You will not need for you to spend time waiting for a signal to arrive, manually enter any trades or worry about duplicating the performance. With this signal receiver software installed on your Metatrader platform, when it enters a position, so will you instantly and with ease.

Easy Pips Forex Signals is a professional forex traders primarily using technical analysis. Its forex trading is based on the same price action patterns that institutional traders use. There are short term traders holding postions from a few hours to several days. Easy Pips typically executes 3 to 10 traders per week with monthly pip goals of 200+. Unlike many other signal providers, it trades every alert in the real account with real money. So you can rest assure knowing that with its hard earned money on the line, it takes each and every trade seriously. Easy Pips Forex Signals has a professional managed forex money manager by your side without ever having to reliquish control of your money. Easy Pips Forex Signals also promises to demonstrate the highest level of integrity at all times. It is not here to boast unreal claims of turning a few thousand dollars into a million overnight. It trades for income with a disciplined focus on proper risk management.

When, you start trading forex, you need Metatrader 4 Forex Trading Account. The signals are not provided via SMS or Email but rather via a special program that creates a signal link between your Metatrader 4 platform and the account. The second it enters, change or exit a trade, that signal is sent to your platform at which time your platform will automatically enter, change or exit the very same trade. You are highly recommended that you utilize the free two week trial with a demo account so that you can optimize your settings and feel comfortable with the reliability and performance of its signals. You also need constant internet connection. It is because you never know when a trade signal will occur and your positions are updated in real time including stops and profit targets. So you will need your computer continously on with a reliable internet connection. If you do not have one, there are Virtual Server services available in which you can use.

In addition, you need Easy Pips Signal receiver software. This is a software which attaches to your Metatrader 4 platform just like an expert advisor would and this is what allows the realtime transfer of forex signals from its account to yours. The software will be included with your subscription. In the trading market, the positions are typically held from hours to several days. Commonly, most trades are closed within the trading session in which they were opened.

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forex signals from a professional fidelity

Simple Forex Trade Trick

admin — Tue, 28 Jul 2009 22:42:36 +0000

For those of you who want to Forex but do not have much time to consider all-day chart, there are some trick Forex transactions that may be useful for you to get a profit / benefit. Remember! Trick is only an assumption that this level of success is different for each of the Forex currency transaction. It is a good idea before you try this trick in a real account, you have to do on the Demo Account. Hopefully Useful!

Trick 1
OPEN OPEN buy and sell when the Open Market (change daily). BUY STOP about the difference of 10 pips above the previous price CLOSED SELL STOP and day difference with 10 pips below the price the previous day, also CLOSED. Place a Take Profit of 10 pips from the market price or sell SYOP stop. When a position was reached, CANCEL another location. Suppose that the position of the first STOP BUY achieved with the market position for the next SELL STOP CANCEL, and vice versa. Thus, in the hope of Take Profit of 10 pips is reached, then you will have the opportunity to take profit of 200 pips in 1 month (20 trading days).

Trick 2
Do the same at the time but the free market BUY STOP to make the difference between 10-15 pips above the price Tertinggi (HIGH) and STOP SELL difference to 10-15 pips below the price lower (LOW) the previous day.

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Sharing Trading Experience at FXOpen using Forex EA

admin — Fri, 29 May 2009 04:36:56 +0000

Someone wrote me about his forex trading experience at FXOpen, let’s read!

I have to tell my experience about my trading with FXopen.

Last month I opened 2 live accounts to trade EURGBP with two forex EA’s
1)YourLucky
2)Thunder

In the first days, It was good but suddenly I began to lose.. to keep a track I did start to compare the quotations with others brokers like Tadawulfx, GTLonline and GoMarkets. All these three stay on a margin of +2 or -2 pips, which is good, but when I compared with Fxopen, the difference became until 20 pips!! Always on the assian session! and always against you!!
Can you believe it???!!!
So I start to realize that they weren’t honest forex brokers…

BUT THIS IS NOT THE WORST!!!
I joined an IB which rebate me 80usd per 10 lots. I informed FXopen about my subscription to their IB with the referral link and I did just like they ask me to join, but at the end of the month I didn’t receive nothing ..??!!
Then I contacted FXopen and this is what they told me:

From: FXOpen [mailto:finance@fxopen.com]
Sent: Miércoles, 08 de Abril de 2009 01:25 a.m.
To:
Subject: Re: Acc. 168355 and 168353 not under IB ID.97465

Dear finance department,

In the last month I opened two accounts (168355 and 168353) under http:// xxxx.com/ IB. ID 97465. I got surprise when asking for the rebate, the IB in mention told me that those accounts are not registered under them? I have made almost 20 lots on those accounts and I need you to clarify this situation and make the proper payment to them so they can refund me.

Many thanks,

—————————————————————————-
Hello,

according to our database accounts 168355 and 168353 have been opened directly from our website without using any referral’s link.

————————————————————————
From:
Sent: Miércoles, 08 de Abril de 2009 08:50 a.m.
To: ‘FXOpen’
Cc:
Subject: RE: Acc. 168355 and 168353 not under IB ID.97465

Dear Sirs,

I am done with your lack of professionalism. I will make sure that this story be in all the possible forex forums available.
You have lost one customer and you will gain bad feedback in all the forex forums.
Thiefs !

THEY STEAL MY REBATE!!!

I DON’T WANT THIS SAME THING HAPPEN TO YOU!!! IF YOU WANT A TRUE AND HONEST BROKER DONT GO WITH THEM, THEY WILL DO THE SAME THING TO YOU!!

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Is it true that all Metatrader and Retail Brokers are Scammer?

admin — Sun, 24 May 2009 16:26:56 +0000

I agree that per definition all retail brokers are scammers. But that’s per definition only.

We, people who have less than $10,000,000 (ten million dollars) are considered as retail traders. And we are only allowed to trade using retail brokers. We are not allowed to trade in institutional broker. If all retail brokers are scammers, then we are all doomed.
In fact, there are people who have been living comfortable by trading full time, and their account size is nowhere near 10 millions.

I also don’t think that ECN brokers are also doing this. ECN gains no profit / loss by playing with our account. What ECN wants is that you trade more lots. Of course there is a case that if you are counted as 1 of the people with the biggest profit, then the ECN will let the market marker play with your account. But, I think that is your fault also. Why? Because in a big and reputable ecn brokers, there are many successful trader, so your account is not sticking their eyes. If you are choosing a small ecn broker, that is your problem and your fault imho.

What I find true, is that all small traders have the highest risk in this industry. If you are investing, but not trading, in this market, you could survive. If you are trading, you have less chance to survive.

e.g. You are a scalper, you take profit for 10 pips and your stop loss is 7 pips. Because you are successful scalper then your broker is playing with you. They play with slippage between 3 – 5 pips. Your 10 pips take profit become 5 pips profit, and your stop loss become 12 pips stop loss. In some of the EAs here, the TP is 5 pips and SL is 35 pips. After the slippage, the TP would be 0 pip and the SL would be 40 pips. Imho, you’re lost and doomed.

e.g. You are a long term investor, your take profit is 400 pips and your stop loss is 100 pips. Because you are a successful investor, the broker is playing the slippage card, between 5 – 7 pips (of course if the slippage is too large and you still use that broker, then you should move. If not, that’s your fault). Your take profit become 393 pips and your stop loss become 107 pips. Imho, you still win.

That is why, I try to avoid any kind of scalping trading system or EA. I don’t even want to test them. I don’t even download them, it’s a waste of disk space. If it has a good indicator, I’ll download, but I’ll never use the system / EA. Imho, scalpers are at the lowest of the food chain and should really take good care of oneself.

In fact, there are many scalpers who would argue with me about this matter. So, to state that all retail brokers are scammers, is not appropriate IMHO.
After all if all retail brokers are scammers, where should we trade?

What is the difference between NDD, Market Maker and ECN?

admin — Sun, 17 May 2009 22:20:18 +0000

In simple words, the difference between NDD, Market Maker and ECN are:
Market Maker = Not real market. Broker is against you !
NDD maybe NO dealing desk = Market Maker ! Don’t be fool !
NDD = NON dealing desk = No boker involved
ECN = Real trades, but price fast
Guarentee price but can cheat you is Market Maker
Guarentee price if hit like market maker, but NON dealing desk is NDD
Not guarentee price but real market trade is ECN

Let me give you the difference’s sample:

Market Maker: Online Retail Broker who will take the other side of your trade (aka: they trade against you, when you buy they will sell and vice versa), they have a somewhat shady algorithm to calculate their net exposure and cover their risk by sending order to interbank market.
eg: Joe buy 3 lots EURUSD and Jane sell 2 lots EURUSD, Market Maker simply match Joe and Jane orders (2 lots) and they sell 1 lot EURUSD to match the rest of Joe’s order. They will also buy 1 lots from interbank market to cover the 1 lot they sell to Joe.

NDD = Non Dealing Desk. It’s about the same as Market Maker. I think it’s more of marketing hype.
eg: FXCM, IBFX claim to be NDD, but we all know they both are one of the biggest Market Maker.

ECN is supposed to pass your orders straight to interbank market, so ECN should not trade against you.

Let me give you more details:
Because for every buy, there must be someone who sell, vice versa.
So for the rest of Joe’s buy order to be executed, someone MUST sell 1 lot EUR-USD. Because nobody else is selling EUR-USD, Market maker MUST sell 1 lot of EURUSD to Joe. After they sell it, they have risk when price go up (aka: when Joe is winning, they will lose). In order to cover that risk, Market maker should buy 1 lot EURUSD from interbank market to cover their risk. (so when price go up or down, they will not lose, cause they have 1 sell and 1 buy).

Market Maker makes money from the spread. let’s say that the spread is 2 pips, so from the example above they will receive 6 pips from Joe, 4 pips from Jane. They also have to pay the spread for 1 lot they buy from interbank which will probably be around 0.5 pips. So they will receive about 6 + 4 – 0.5 = 9.5 pips.

Now, if Joe is constantly losing, some Market Makers won’t cover that 1 lot EURUSD they sell to Joe. They simply sell it to Joe because Joe will lose anyway, and when Joe is losing, they will win.

Forex Trading Money » pips

Forex Made Easy

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Simple Forex Trade Trick

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Sharing Trading Experience at FXOpen using Forex EA

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Is it true that all Metatrader and Retail Brokers are Scammer?

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What is the difference between NDD, Market Maker and ECN?

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