TradeProfits

Forex Trading To Go

Posted on 05. May, 2009 by Jakob.

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Normally I don’t like to trade when I am on the move. I like to sit down and take my time to look through the different pairs, check up on upcoming news, expectations for the stock market, look for technical signs, and then consider to enter a trade or not. During these things can be time-consuming, and specially the technical part can be rather difficult on a small screen. But if you simply can’t wait until you get home to check up on the market news, you should really get an iphone. First of all, an iphone can go online, just like a laptop. None of that old cell phone internet wannabe. So you are easily off to your favorite news site. Furthermore you will have the ability to download a bunch of cool applications which will make everything more easy. One of them is Forex On The Go, which is a chart application with real time forex data. Forex On The Go Lite is a free version, whereas Forex On The Go Premium is a paid version for a price of $10. This is a really cool application with a lot of different features (pivot point calculator, Fibonacci calculator, news calendar, etc.). Bloomberg application is another great tool if you are looking for financial news and stock charts. The possibilities are (almost)endless! If you are using Oanda as your forex broker, and you are looking to place a trade simply go to http://m.fxtrade.com/, and log in, and place your order. I am not recommending to do trading this way, but it is always a good thing to have the option. Here is to a chance of becoming familiar with the aspects of overtrading.

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Forex Boomerang now in Profit

Posted on 05. May, 2009 by Jakob.

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I have been testing Forex Boomerang lately, since the results on Performance Test page over at Forex Peace Army was showing some good results. So I started running this on a practice account about a week ago. The first couple of days it was showing a negative result, but with the two latest trades, it is finally in profit. The start balance was set at $1.000 and all the settings were at default. Current balance is at $1.143 and an open trade which currently is in profit of $60. So by now this EA would have paid for itself. But let’s see what happens. What comes fast goes fast. I will keep you guys posted.

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Another week with Forex Signals

Posted on 04. May, 2009 by Jakob.

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As you guys know, I have started posting my trades on twitter. This is still under development, as I am about to make a page with all the details of every single trade. As this is not done yet, I am simply giving a review of the signals every week. So the first two weeks was rather good, but this passed week, I ended with a small loss of – 4 pips in total. Here is an outline of the trades, I took. Read more... (216 words, estimated 52 secs reading time)

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