TradeProfits

The End of Fake Testimonials?

Posted on 08. Oct, 2009 by admin.

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Every time a new forex related products is released, one thing is sure; the sales page is hyped up, not only with crazy claims about how many pips and dollars the system can make you usually within an hour, but also with testimonials from people who claims the value of the product to be huge [...]

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Win One Month with Timothy Sykes – Tim Alerts

Posted on 06. Oct, 2009 by admin.

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I have been writing about Timothy Sykes products several times here on TradeProfits. Tim is a successful pennystock trader, and so far he is up about 500% since he started his service, all confirmed through Covester. Since I have been mentioning Timothy Sykes and his services several times, I thought it was about time to [...]

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Get Fundamental Forex News Free and Fast

Posted on 06. Oct, 2009 by admin.

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A few days ago I wrote a post about a free forex newsreader. It is working properly but not the best option if you like to trade the news, as it extracts the information from forexfactory. Of course you have the option to go with one of the more expensive services, but what if you [...]

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Non-Farm Payroll Trade

Posted on 04. Oct, 2009 by admin.

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Last Friday we had the Non-Farm Payroll numbers, and I took one trade, as planned. Actually I had a pending order waiting to be triggered, but this never happened, and I closed it before the NFP. The numbers came out worse than expected, and I got in on a long EUR/USD trade, about 20 minutes [...]

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September in Review

Posted on 30. Sep, 2009 by admin.

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The performance of September is so far, my worst month of trading as you can see on my performance page. First of all, the month started off horribly with the NFP. This Friday was one big whipsaw, and I managed to take too many trades within a few hours. At the end of the day, [...]

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Become a member of Currensee – 5 Invites left

Posted on 30. Sep, 2009 by admin.

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I guess you have heard about the Currensee buzz lately. Currensee is a new place on the web, for forex trader to meet up, and socialize. It has similarities to that of Facebook, just with a focus on forex trading. The owners have been running a beta test of it, in the last couple of [...]

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How many trades can you afford to Lose?

Posted on 30. Sep, 2009 by admin.

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A common mistake by forex trader, specially news ones, is to underestimate the value of good money management. I sure did this for a long time as well. Using too much leverage on trades is something which will wipe out your account in no time! Often I even see traders apply some level of a [...]

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Pips – Dollars – Percentage – ?

Posted on 28. Sep, 2009 by admin.

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When I started out trading forex, I was often confused about all the different terms which are often used in the forex industry. For some time, I was sure that “making pips” was what I needed to learn. If I could make 100 pips a day I would be profitable, right? But then again, what [...]

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Forex Apocalypse – Preview

Posted on 27. Sep, 2009 by admin.

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Well what a surprise. A new EA has been released, called Forex Apocalypse. Not a day goes by without a new EA release, but this one does look a bit different than the majority. Let’s first cover the basics of Forex Apocalypse. It trades only one currency pair, namely EUR/USD, and it is to be [...]

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Final update on FxBossTrading

Posted on 26. Sep, 2009 by admin.

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Almost a week has passed since I started a trial with FxBossTrading. As they probably don’t issue new trades during the weekend, I will consider the trial period to be over. The last two days, Thursday and Friday, no new signals were issued. That leaves us with a total profit of +51 pips as mentioned [...]