Metatrader 5 is gaining in popularity. For developers of trading experts and forex indicators, it is interesting primarily for its colossal new features. Because MQL5 (the programming language in MT5) is somewhat different from what we are familiar with MT4, by popular demand we are starting a new series of lessons on MQL5 and directly writing Expert Advisors, scripts and indicators for the Metatrader 5 terminal.
A huge number of currency pairs are available for trading in the forex market. Most often, traders open positions on all known EURUSD and GBPUSD. But besides them, a large number of other currencies and metals are available for trading. So what currency pairs are best to trade on forex, and which instruments to exclude from your portfolio?
Many factors influence the Forex currency market, one of them is economic reports, speeches of politicians, a sentiment index calculated by universities, etc. We will briefly call this the news. News varies in importance, impact on a particular currency, etc. Some traders trade at the time of the news release, some, on the contrary, try to avoid them.
Tired of building manual Fibo correction levels? Then this indicator is for you. About Fibonacci numbers, what role they play, etc. can be read here. In short: traders prefer to put stops / take at the Fibo levels, calculate the potential of trends, resistance levels, etc. Roughly speaking, at the Fibonacci retracement levels, most often this same correction (pullback) happens.
A legendary strategy that has brought millions of dollars to traders around the world. The famous experiment, which showed that anyone can trade on the exchange if he complies with the rules of the system. The philosophy of trading, having understood which, you will discover new facets of making profit on Forex. The classical system of “turtles”, despite its age, brings many lessons, allowing you to look into the very essence of price movements and big trends.
Hello, comrades traders. In order to make money on Forex trading advantage is necessary. What will give you a statistical advantage in the direction of profit and confidence in long-term success. One of these benefits is limited risk and unlimited profit. Today we’ll talk about the DIBS Method strategy, which has already become a classic, a system that contains the above advantage.
Hello, dear visitors of our forex portal! We all know that most trading strategies are based on technical analysis. For a trader, this means tracking indicators, candlestick patterns, etc. But does this approach give confidence to the trader? Not always, because it is very important to understand WHY you need to buy or sell, and not just enter the market at the intersection of X and Y lines.
Hello, comrades forex traders! Today we will analyze an interesting intraday forex strategy TMT Scalping System. On foreign forex resources, this indicator system for scalping is gaining more and more popularity, and it is time for us to get acquainted with it in more detail, having examined all the nuances, strengths and weaknesses of the strategy on the pages of our blog.
Hello, comrades forex traders! We have all seen more than once, after the opening of a new daily candle, the price goes against the main trend, draws a shadow, and then reverses and moves in the opposite direction. In principle, this is the basis of the market, otherwise the candles would not have tails. Is it possible to make money on it? Can.
Hello ladies and gentlemen, Forex traders! Today we’ll talk about a trading system called Poker. The system is suitable for those who, first of all, have a limited amount of time for trading due to certain circumstances, since trading will be conducted on weekly charts. The strategy is already gaining considerable popularity on our forum, so I decided that it would be useful to introduce the portal audience to it.