MetaTrader Expert Advisor EA

Why Metatrader is the best way to trade Forex?
Many Forex traders that enter the market are clueless on how to trade. Most, if not all Forex brokers offer demo practice accounts to get you adjusted to their platform. The great thing is a lot of them are Metatrader brokers. This means their core platform comes from a company called Metaquotes. These brokers more or less lease the software and allow the traders to build their trading strategies.
The most powerful thing you can do with this software is create your own trading strategies and program them into an Expert Advisor or EA for short. These EA’s are state of the art and allow you to auto trade the strategies. Auto trading is a phenomenal thing, in that you don’t have to be at your computer for trades to open and close. The stability of the platform is fantastic and the only thing that may carry some worry when you are not present is your Internet connection.
The top 10 reasons why you should use the Metatrader ( MT4) platform:

1. The Metatrader platform is versatile and very stable.
2. There are plenty of Metatrader brokers to choose from.
3. You can find metatrader expert advisor programmers to create your strategies into EAs if you can’t do it yourself.
4. If you look hard enough you can find free meta trader EA’s.
5. The software is free to demo with for as long as you want.
6. You can create your own Forex Trading Robot.
7. You can create as many Trading templates as you wish.
8. You can manually back test all the strategies you plug into the system.
9. The charts are very clean and very easy to read.
10. The reporting gives you full statements and information without logging into a broker website.

So, why wouldn’t you use Metatrader as your platform for your Forex trading? The only real way to know if this platform is for you is to open a demo account and start practicing with it. Metaquotes
You may also want to consider a Metatrader hosting provider to host your trading EA’s.

Forex Trading Signals

Are you still looking for the right Forex Signal provider?

Listed below are some of the more well known companies that offer Forex Signals. Committing yourself to one of these companies for at least one month will help you know if this is the right strategy for you. Not all signal services are created equal.
Forex Live on the News – This is a news trading service hosted by Dustin Pass. A well known trader that manages accounts and offers signal service for all kinds of traders. News trading can be difficult, but Dustin seems to find a way to trade successfully.
NetPicks – one of the major players that has been around for a very long time. A lot of signal providers come and go, but Netpicks has stuck it out because there systems are always evolving with the markets.

NFP News Trade 

As of right now it looks like our NFP news trade for the month is a no trade since we did not break our 15 minute range. We will give the currency pair until 12:00pm Eastern to seal its fate. Should we get a breakout this late we will keep a tight stop and only look for a slight gain. We’ve had three good months in a row, so we may have to wait for next time.

Netpicks.com could be your signal provider

You may still be looking for a Forex signal service to help you with your trading. Netpicks.com may be able to help you.

NFP News Trade 

These are the results for our support and resistance trade on the NFP report for April 2008.

Non Farm Payroll News Trade

The GBPJPY was the currency pair to trade this time around during the Non farm payroll news trade announcement at 8:30am this morning. There was a perfect support and resistance level created within our 15 minute time frame. Although the news was really choppy on other currency pairs, the Sterling Yen was acting really well…

NFP News Trading

What to look for? The forecast is set for an even 5%. Alright, so what does this mean to us news traders? This NFP announcement is obviously one of the biggest events in some time, so we should see movement on all currency pairs. NFP news trading can be very profitable….

Forex Auto Pilot

The name speaks for itself. Having a Forex auto pilot is a nice thing to have when it is working in your favor. Forex trading is definitely making more of a transition to auto trading, due to its 24 hour style. It’s hard to stay up all night waiting for trades to…

Forex Trading Robot

We all thought robots would be in control of the world one day and that hasn’t happened. Right now there is something serious brewing when it comes to Forex trading robots. These trading robots are allowing traders to trade without emotion. The hardest thing in trading is keeping emotion on the sidelines…

Forex No Loss Robot

Is this true? A no loss Robot seems crazy and maybe it is, but it may be worth a gander. We’ve seen many good Forex Robots and bad ones, but a NO LOSS one seems amazing.
Some major points the Software says it does.
1. A no Loss System – Seems odd, but could it be.
2. No experience in Forex – This we highly recommend you get some experience before you trade anything.
3. Trade Automatically – It’s always nice to have something like a Robot Trade your money, just keep your eye on it.
4. All Currency Pairs – This is a plus, if it is a good robot it shouldn’t just work on one pair.
5. Easy to use – This is a huge point.
6. Trades while you are a sleep – You know how we feel about this

A built in Money Management application is a great hing on a robot. This can save you big time. There are also plenty of bonuses that come with the download. These products always have free stuff, which is a plus as well.
You can see other Forex Robots by clicking here.
We may have to give this a test run to see if it works. If you try it out please let us know how it goes. We like honest results.

Forex News Trader

How do the majority of profitable Forex traders truly profit in the FX market? One way… they trade the news!
Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.
Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.
Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade – as the odds will now be tipped in your favor.
Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.

What is Forex ?

The foreign exchangemarket is the “place” where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can’t pay in euros to see the pyramids because it’s not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.

The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U.S. $2,000 billion per day.

One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney – across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.

Forex Trading History

Approximately 25 percent of large companies that are exposed to foreign currency fluctuations don't do anything to hedge their risk. Larger companies however do hedge in the currency markets.

For an US based company, when the dollar is strong during their reporting period, accounting for its foreign earned revenue can result in a negative performance. That's because foreign-currency denominated revenue will exchange for fewer dollars when converted and reflect negatively for the accounting period.

It has been estimated that 5-10% of the activity on the FORX market is done because of business hedging and government involvement. Governments and businesses need to convert one currency into another to buy and sell goods and services. The other 90-95% is pure speculation.

The foreign exchange markets have been the playground of governments, corporations, banks as well as high-profile traders such as Warren Buffet and George Soros. Many speculators have made consistent net profits. For instance, George Soros "broke the Bank of England" by shorting the pound and walked away with a cool $1-billion profit in a single day.

Since the currencies are traded 24 hours there are certain times that are more liquid than others for the various currency pairs. For instance, between the hours of 8 AM and 5 PM EST, New York accounts for about 15% to 17% of all FOREX transactions. On the other side of the globe, 10% of FOREX transactions take place between Tokyo's trading hours from 7 PM to 3 AM EST.

The way to make money in the FOREX market is by accurately predicting a price movement of a currency pair and investing right before and exiting right after. This usually happens a few times in a day.

Real day traders and professional traders predict moves, place their bet and move out of the trade. They do it several times a day, hence the name "day" traders. Huge companies like Goldman, Citi Group and JP Morgan Chase do this every single day. They employ thousands of professionals that do it for them.

The Wall Street Journal offers news wires and Market Watch services from Dow Jones online. You'll find complete currency data and comprehensive viewpoints to consider. Timely currency news is available to subscribers of the Wall Street Journal.

Introduction to Forex Trading

The Foreign Exchange Market, better known as FOREX, is a worldwide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars). In comparison, the United States Treasury Bond market averages $300 billion a day, and American stock markets exchange about $100 billion a day.

The Foreign Exchange Market was established in 1971 when fixed currency exchanges were abolished. Currencies became valued at 'floating' rates determined by supply and demand. The FOREX grew steadily throughout the 1970's, but with the technological advances of the 80's FOREX expanded from trading levels of $70 billion a day to the current level of $1.5 trillion.

Who Trades in FOREX?
The FOREX is made up of about 5,000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency. There is no centralized location of FOREX; major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt. All trading is done by telephone or Internet.
Businesses use the market to buy and sell their products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.
Even though there are many huge players in FOREX, it is accessible to the small investor thanks to recent changes in the regulations. Previously, there was a minimum transaction size and traders were required to meet strict financial requirements.

With the advent of Internet trading, regulations have been changed to allow large interbank units to be broken down into smaller lots. Each lot is worth about $100,000 and is accessible to the individual investor through 'leverage' loans extended for trading. Typically, lots can be controlled with a leverage of 100:1 meaning that US$1,000 will allow you to control a $100,000 currency exchange.

Advantages to Trading in FOREX
Liquidity - Because of the size of the Foreign Exchange Market, investments are extremely liquid. International banks are continuously providing bid and ask offers and the high number of transactions each day ensures there is always a buyer or a seller for any currency.
Accessibility - The market is open 24 hours a day, 5 days a week. The market opens Monday morning Australian time and closes Friday afternoon New York time. Trades can be done on the Internet from your home or office.

Open Market - Currency fluctuations are usually caused by changes in national economies. News about these changes is accessible to everyone at the same time--there can be no 'insider trading' in FOREX.
No Commission - Brokers earn money by setting a 'spread'--the difference between what a currency can be bought at and what it can be sold at.

How does it work?
Currencies are always traded in pairs: the US dollar against the Japanese yen, or the English pound against the euro. Every transaction involves selling one currency and buying another, so if an investor believes the euro will gain against the dollar, he will sell dollars and buy euros.

The potential for profit exists because there is always movement between currencies. Even small changes can result in substantial profits because of the large amount of money involved in each transaction. At the same time, it can be a relatively safe market for the individual investor. There are safeguards built in to protect both the broker and the investor, and a number of software tools exist to minimize loss.