Archive for 'Recommendations'
Using NinjaTrader Indicators And NinjaTrader Strategies To Make Money
Posted on 06. May, 2013 by Jakob.
It’s pretty easy to see when somebody’s brand-new to the world of making money in the financial markets. They have a tendency to focus on tools and tactics. They somehow think that by investing in a really good trading platform and having access to the best indicators and strategies that they’ll automatically make money.
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Free EA´s and Indicators – Marc Fric
Posted on 15. Dec, 2012 by Jakob.
We are getting closer to Christmas and the spirit of sharing and caring is kicking in. Marc Fric, developer of the well-known EA Forex Morning Trade has decided to share a couple of EAs and indicators with the rest of the fx community completely free of charge.
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ZuluTrade Redesigned
Posted on 10. Nov, 2012 by Jakob.
Although MetaQuotes recently announced that they will enable their new service Trading Signals on the MT4 terminal, the leader in terms of social trading / trade following is still, without a doubt, ZuluTrade. They have been around since the beginning of social trading and they have done an amazing job with the site. Following traders or providing your own signals is very easy and can be a lucrative business.
Now ZuluTrade has had more or less the same design since inception, and now it finally seems like they are ready to change things for the better. When you visit ZuluTrade today, you will still see the same old design, but if you look in the left side of the screen, you will see a tab which will take you to the new design go ZuluTrade.
Needless to say that we love the new design. Its a mixture of web 2.0 style clearly with inspiration from Apples web design. Clean and easy on the eye. The core business is completely the same, but the site looks new and fresh. Although it shouldn’t really matter too much, how the site is designed, it actually does; and ZuluTrade has done an amazing job this time! The site looks awesome!
If you haven’t signed up over at ZuluTrade, you are missing out. Head over there now and see the new design and get yourself a free account.
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Trading Signals on MT4
Posted on 06. Nov, 2012 by Jakob.
A couple of days ago, MetaQuotes announced the feature Trading Signals is coming for the MT4 terminal. This was initially offered for the new MT5 terminal, but now MetaQuotes decided to offer this for all MT4 users as well. This is great news for the majority of retail trades, as MT4 simply is the most used trading platform out there. Users of MT4, both the ones looking to sell and the ones to buy signals, will instantly benefit from a network effect, as a result of the huge user base executing trades on the MT4 platform.
Trading Signals from MetaQuotes will allow MT4 users to copy and share trades through cloud signal server, hosted by MetaQuotes.
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CashBackForex – 2 Additional Brokers
Posted on 27. Oct, 2012 by Jakob.
CashBackForex currently have partnerships with more than 30 brokers where you can get commission from your trading activity if you sign up with the broker through CashBackForex.
The commission you get from CashBackForex will differ, depending on which broker you sign up with, ranging from 0.1 pip – 1.3 pip. They operate with all major brokers, and continue to add new ones.
There are a couple of competing sites similar to CashBackForex on the net, but so far no other site is coming close to CashBackForex, both in terms of broker selection, commissions or customer service. CashBackForex is definitely the leader in this space simply because they are doing a great job.
Yesterday, 2 new brokers were added to the service:
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Top 6 Social Trading Services
Posted on 07. Oct, 2012 by Jakob.
Social trading / Trade following or auto trading – Whatever you want to call it, this kind of trading is gaining a lot of attention from retail traders, as well as developers. Social trading is definitely here to stay, and I am sure we will see a lot of new platforms for this specific kind of trading in the future.
Social Trading, Trade following or auto trading is offered in many different ways. Etoro OpenBook, IBFX Connect, and PipsBook are examples of specific broker dependant social trading sites where the broker benefits from a customer base utilising a new type of trading, whereas other solutions rely mostly on IB integration. Although there are a lot of options, every service is unique in its own way.
We have posted some details on 6 social trading services competing for the same target audience (more or less, at least) below. If you have tested any of these services, please drop a comment and let us know what you like and dislike.
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FxStat – Manual Trade Copying
Posted on 04. Oct, 2012 by Jakob.
A couple of days ago, we wrote about the new feature over at FxStat which allows you to back-test a portfolio of signal providers – a nifty feature which is likely to please a lot of members.
Today FxStat announced that members using the social trading service via FxStat now has the option to manually copy trades. Simply follow the trading activety in the activity stream, and click on “Copy Trade”, when need be.
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Forex Factory – Free MT4 Visual Order Plugin
Posted on 04. Oct, 2012 by Jakob.
As mentioned a couple of times here on TradeProfits, Forex Factory is an awesome site with not only a lot of cool features, but also a lot of friendly and helpful members, ready to share their knowledge.
There is a lot of useless content, specially in the Interactive Trading section, where there is a constant update on peoples view on several different currency pairs. However, if you start digging deeper, you will find a lot of truly interesting material over at Forex Factory.
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Currency Trader – October 2012
Posted on 04. Oct, 2012 by Jakob.
Another issues of the monthly magazine, Currency Trader, has been released. We are looking at October´s issues, and the headline on the front-page reads:
Europe and the Euro Battle Reality
How convenient is this, with both the ECB interest rate and press conference scheduled for later this afternoon.
In addition to this you will find:
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FxStat – Blender
Posted on 02. Oct, 2012 by Jakob.
FxStat along with ZuluTrade are our two preferred platforms when it comes to AutoTrading. Its been a while since FxStat launched any new features, but apparently this is only because they have been working hard on the latest feature behind the scene. They tend to update the site every now and then with new cool features, and here at TradeProfits we have been waiting for the next update. Yesterday we received an email from them with an introduction to
The Blender
This is a new feature which allow users on FxStat to perform a back-test of a virtual portfolio of signal providers on their site. Here is what FxStat has to say about the new feature:
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Detach Charts At The Touch Of A Button in your MT4 Client Terminal - If you work with....
ZuluTrade was one of the first, if not the first to really diffuse and commercialize the idea of social trading / trade following...
If you are looking to learn how to trade the FX market in a profitable manner, this is the service to join, period.
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