For the past year, one of the Forex trading community’s most seasoned trading “veterans” has been working diligently in his “trading lab” trying to solve the #1 request his Forex trading students from all around the world have been asking him for:
- “How can I make MORE money in LESS time, even if I’m not a technical Forex ‘geek’?”
To do this properly, he had 2 big challenges: Read more... (369 words, 1 image, estimated 1:29 mins reading time)
- How to shorten the time needed to actively find & manage the highest probability, lowest risk trades…
- How to give you total control to manage these trades to completion, so your portfolio is protected at all times…
There are several different order types you should understand to be able to trade the Forex Market.
Market Order: This order type is used to enter or exit the market immediately at the current quoted price. If you want to buy you will be filled at the ask price; if you want to sell, you will be filled at the bid price.
Limit Order: This order type is used to buy or sell a pair at a predetermined price. A buy limit order will only be filled if the market trades at or below the limit price you determine. A sell limit order will only be filled if the market trades at or above the limit price. Read more... (172 words, estimated 41 secs reading time)
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What types of orders can I use to trade Forex
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One of the dirty little secrets in the forex market over the last few years has been the huge growth in so-called “robot” trading – Robots are nothing more than automated programs that work off of fancy mathematics based on historical market patterns.
But there’s a real problem with Robots: They don’t work.
Oh, you’ll hear all the fancy talk about how so-and-so turned $10,000 into $ 150,476 in just seven days…
…but it isn’t true. It’s hype and it’s based on ‘hypothetical’ historical trading.
Fact: Most forex traders who use forex robots LOSE MONEY. Read more... (352 words, estimated 1:24 mins reading time)
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Forex Robots, The Great Debate: To Automate or Not Automate your Forex Trading
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