TradeProfits

Forex Factory is Hiring

Posted on 06. Jul, 2011 by Jakob.

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Are you job-seeking in the field currency trading, then this might be what you are looking for. Yesterday Forex Factory´s blog was updated with a post titled Forex Factory is hiring. You can read the post here or more about the open position here on their Careers page. They are currently looking for two web designers, a Global Economist and a Forex Trader. Obviously you need to have a thorough understanding of financial instruments and in particular about the foreign exchange market. Head over to the Forex Factory careers page and read all about it.

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MyFxBook – Magic numbers

Posted on 28. Jun, 2011 by Jakob.

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MyFxBook is one of the best social forex sites out there in my opinion. They continue to add great new features to the site and best of all is that joining in is completely free of charge. Read more... (305 words, estimated 1:13 mins reading time)

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Interview with Casey Stubbs

Posted on 30. Apr, 2011 by Jakob.

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Many of my readers have been asking me about the Forex Power Indicator which was released a couple of days ago by Casey Stubbs from Winners Edge Trading. Now rather than explaining everyone how I would go about applying the indicator in my daily trading, I thought it would be a better idea to let Casey explain how he uses it in his own trading. Read more... (222 words, 1 image, estimated 53 secs reading time)

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Introduction to Forex Trading – TradeTheNews

Posted on 26. Apr, 2011 by Jakob.

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Some time ago TradeTheNews hosted webinars every now and then with different industry expert around different topics related to trading. These webinars provided the attendees some valuable information and I for one, really enjoyed this service – by the way, it was completely free of charge. Read more... (258 words, estimated 1:02 mins reading time)

This is a preview of Introduction to Forex Trading – TradeTheNews. Read the full post (258 words, estimated 1:02 mins reading time)

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Forex Power Indicator

Posted on 25. Apr, 2011 by Jakob.

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My good friend Casey Stubbs from Winners Edge Trading has created a new trading tool which can help you identify the weakest currency against the strongest one in the market, and that way easily identify strong trends. Forex Power Indicator is free of charge and you can check it out right here. The site has a great look and the indicator works flawlessly. If you are unsure how to get started with the Forex Power Indicator, Casey has a video on the site to help you get started. This site is a part of a new mentor group which will be launched within a short period of time. I have been with Casey and his group for a long period of time now and I can definitely vouch for his credibility and knowledge about the forex market. Casey also promised we will see more cool tools in the future. Go over to take a closer look at the forex power indicator.

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New Addition on ForexPop – Forex Pipster

Posted on 18. Apr, 2011 by Jakob.

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One of the blogs listed on ForexPop seems to have vanished into thin air. So without further ado, Forex Articles has been removed and a new one introduced. Forex Pipster is a new blog and so far, I like what I see. Apparently, there are five traders behind the blog and according to the about page, they all trade professionally. Read more... (92 words, estimated 22 secs reading time)

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System Fail or Psychology Fail

Posted on 11. Jan, 2011 by Jakob.

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There is a huge market for new trading systems and strategies, as traders keep searching for the closest thing to a holy grail. Now surely there are some systems and strategies which work better than others but very often, blow accounts can be explained by the lack of a traders discipline and everything that brings along; over-trading, too much leverage, sense of urgency to make quick profits after a losing streak, etc. This list is long and instead of going through it all here, I think that everything is made perfectly clear in this post over at InnerFX; 10 Trading Lessons. Check it out take a look at your own trading. Maybe your system is not that bad after all.

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Money Management – Tom Strignano

Posted on 10. Jan, 2011 by Jakob.

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Tom Strignano is a well-known forex trader and I have been writing about him a couple of times before, regarding his first book Forex Confidante, along with his signal service which seems to undergo a couple of changes recently. For those of you who have been following me here on TradeProfits for some time now, will probably know that I really enjoyed reading Tom´s first book, and although I have not had a chance to go through his money management book at this time, I am sure that it has a lot of great information for the retail traders out there. One thing is for sure, and that is that money management is a key aspect of long term profitability, but it is something which is almost always avoided by newcomers as the topic itself is far less interesting than pretty much anything else related to trading. However, if you want to become profitable, you need to know about money management and I think that Tom Strignano´s book will be a great help. You can take a look at it here. I plan on reading it in one of the upcoming days when I got some spare time, and I will post a thorough review. Additionally, Tom has just started a blog when he currently shares some of his trend reactionary numbers (something which was part of his paid service). Go over and check it out, plot them into your charts and see how this stuff works.

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New Blogs at ForexPop

Posted on 03. Dec, 2010 by Jakob.

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I am pleased to announce that four more blogs have been added to ForexPop. I have been following two of the blogs for some time now and the last two are new to me as well. However I took a quick look around on the sites and they all seem to bring some very good and information content about forex trading. The four new additions are: Read more... (108 words, estimated 26 secs reading time)

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Easy Forex faces Lawsuit from Employee

Posted on 24. Jun, 2010 by Jakob.

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Any other day, this would be a typical story from the world of currency trading. Brokers are being accused with fraud in several different ways, all the time. Easy Forex is a Middle Eastern broker and they have been around for a long time. I signed up with them as one of my very first choices, when I started my journey in the world of forex trading. However, it only took me about 3 days before I closed my account and started a new account with another broker. I found their trading platform to be annoying in all possible ways. Since then I have never really thought about them. Then yesterday I read this blog post from Michael Greenberg over at Forex Magnets. This one guy called “D” claims to have lost somewhere around $125.000 trading through Easy Forex. Now instead of simply filling a lawsuit he decided to approach this in his own unique way; namely by applying for a job at Easy Forex. He got hired and became aware of the way in which Easy Forex operates their business. With this knowledge and multiple voice recordings “D” now filled a lawsuit and obviously this isn’t pretty. You can read the entire story here. If you thought about signing up with Easy Forex, you probably want to read this first.

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