Archive by Author
MyFxBook – Trading Contest
Posted on 21. Jan, 2012 by Jakob.
MyFxBook is once again, hosting a forex trading competition, where you can participate completely free of change and win a live funded account. The sponsor for this competition is Vantage FX, and the one who takes the first place will win a live account from Vantage FX with an account balance of $2,500, second place $1,000 and third place $500.
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FXCM – Improved MT4 Technology
Posted on 21. Jan, 2012 by Jakob.
FXCM, the world’s largest FX broker, have released a new version of MT4 with improved features. You can now trade micro lots (0.01 lots) which is a great addition for clients with a small account balance, as they will be in a better position to use proper risk management. Another feature with the lower lot sizes is the option to close orders partially. The new version of MT4 also allows you to set a Max Deviation when you enter trades; this basically allows you to control slippage on normal market orders, and because of this also enables you to place stop loss and take profit levels at the execution of the order. If you trade the news (spike trading), having this feature is of paramount importance. They have also added additional pairs to the platform, and most interestingly is the removal of the bridge software;
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Trading Forex – EUR/USD Ready for Further Downside
Posted on 20. Jan, 2012 by Jakob.
Trading Forex – Market Outlook for January 20th 2012. EUR/USD has been trading higher all week long. It has surged from a low around 1.2620 on Monday to a new high today around the 1.2970 level. This is a move of more than 300 pips to the upside which without a doubt will make a lot of trades question new lows in a near future. There has been a lot of buzz that traders should now start to look for long positions on this particular pair. I think the move up we have seen this week is nothing more than a pullback due to profit taking. Since the end of October 2011, the pair has plummeted by more than 1500 pips so a pullback is only a natural reaction to such a massive move.
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EUR/USD and Non Farm Payroll
Posted on 05. Jan, 2012 by Jakob.
Going through the different time zones on a chart can be a really healthy choice every now and then; this is specially true if you have been starring at the 5-minute chart all day long. Yesterday we have had a really good move down on EUR/USD and today we will get the first Non Farm Payroll numbers for 2012 which could cause some volatile moves in the market, so make sure to play it safe.
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Forex Arbitrage – Now Available
Posted on 07. Dec, 2011 by Jakob.
I have mentioned Forex Arbitrage a couple of times now, and yesterday it was finally released. All the key points have been highlighted in the previous posts, and I urge you to read it, or simply head over to Forex Arbitrage right now and have a closer look at this awesome software.
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Million Dollar Pips – Forward Test Discontinued
Posted on 07. Dec, 2011 by Jakob.
I started to live test the new EA Million Dollar Pips close to one month ago. Since then, performance has gone in one direction only – Down. You can read the details of the setup here Million Dollar Pips – Live Test Running.
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Trading Forex – Perfect Trade but Still in Range
Posted on 06. Dec, 2011 by Jakob.
In yesterday’s post Trading Forex – EUR/USD after NFP I mentioned a good possible short trade on EUR/USD around the 1.3460 level if we got a 4-hour reversal candlestick formation. We got a perfect formation, close to a pin-bar and I took a short trade at the close of the 4-hour candle with an entry at 1.34628 with an initial 50 pip stop loss. The trade is currently 90 pips in profit and I am keeping a close eye on this trade around London open. Post a comment below if you had a chance to get in on this trade.
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Forex Arbitrage – Test the Free Demo
Posted on 05. Dec, 2011 by Jakob.
I have mentioned Forex Arbitrage a couple of times now, and I must admit that this thing simply gets better and better. This is some of the best stuff I have seen in a long time. You are now able to download a free demo version of Forex Arbitrage and test it in real time to see the kind of results you can expect from this.
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Trading Forex – EUR/USD after NFP
Posted on 05. Dec, 2011 by Jakob.
The latest trade I mentioned was back on Thursday December 1st, where I wrote a blog post saying there was a good possible trade on EUR/USD if you took a long around 1.3450 with a 50 pip stop loss. If you took this trade, you should have been able to grab close to 100 pips in total.
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MyFxBook – Track Your Goals
Posted on 04. Dec, 2011 by Jakob.
MyFxBook is my favorite site when it comes to analyzing historical performance. FxStat is another great site and they are doing a great job with new features but for now, my preferred choice is MyFxBook. You can read more about social forex sites right here.
MyFxBook continues to improve their site with awesome features and today I just got an email from them, telling me they have added yet another feature to an already amazing site.
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7 Tips & Tricks For Trading Forex
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Trading Forex – EUR/USD Up or Down?
- Forex Signals on Twitter
- Don Steinitz’s HAS MTF Hedge EA = ForexRobotNoLoss?
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mt4pips.com – A new Site from the BabyPips family
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Kerry Kormos: Oh and in addition to my last comment....my wife h...
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sree: www.forexpeacearmy.com website is scam site, no he...
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Joel: Hi, i started out great with Million Dollar Pips o...
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Joan: Think about http://www.fxbook.org/ if you want to ...
