What to Consider When Selecting a Broker? There are so many brokers out there that it can be a minefield deciding which one to trade with. Yet this is an extremely important decision and can impact on your trading and your ability to turn a profit. Here I have compiled a list of important points to keep in mind when choosing your broker. Regulation This is quite possibly the most important point. Always trade with a regulated broker. There are so many scams on the internet that it is all too easy to be sucked into one. Check on the relevant regulators’ website whether the broker you are lookin ..read more

The death of Bitcoin? After such a phenomenal year last year, which saw Bitcoin hit a high of almost $20,000, 2018 has been very different for the cryptocurrency. After beginning the year close to $17.,000, bitcoin has tumbled, losing almost $10,000 in the space of just a few short months. While media euphoria and fear of missing out pushed Bitcoin higher last year; current concerns about regulation, security, and more recently, withdrawal of support from the tech giants, has sent Bitcoin 55% lower this year. Increased regulation Concerns over increased regulation or all out banning of cr ..read more

Ancient Currency Trading Forex trading dates back centuries. Ever since man started developing coins out of precious metals, currency trading has gained pace. It was first practiced in Egypt and after that, it was practiced by Babylonians with the help of paper notes. Modern Forex trading is much different as compared to the initial primitive currency trading. Initial Evolution of Online Forex Trading Online trading only made its debut after 1994. Earlier, Forex trading was mostly just limited to the bigger institutions and investors did not have any access to it. Only these big institutions c ..read more

What is MT4? MetaTrader4, which we will refer to in this article simply as MT4, is an electronic trading platform generally employed by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and published in 2005. The software is licensed to forex brokers who offer the software to their customers. History of MT4 MetaQuotes Software Corporation was established in Russia in the year 2000. Its first product, the FX charts, was online charting software that is used for margin foreign exchange trading for Windows PCs. Its gained immediate popularity among trader ..read more

Did You Get Your JPY Slice? Hopefully you were also on the Yen train these last few days. Our Trend Trader system once again entered positions last week in anticipation of a strengthening JPY against the majors. Over the last 7 years, the EUR/JPY, GBP/JPY, and AUD/JPY has consistently yielded the rewards. If you were not on the Yen train with us, join the Trend Trader family today and enjoy the ride with us! Below are screenshots of a few of the trades we closed on April 4th. t   The post 700+ Pips and the JPY Keeps On Giving appeared first on My blog ..read more

Never A Dull Moment With Swings As long as our world remains uncertain, we can expect Forex market swings to happen all the time. One of the reasons we have been involved with Forex exclusively for the last 19 years is that “there is never a dull moment.” It’s these changes in events and never ending breaking news that helps fuel these moves that create Forex trading opportunity almost daily. Our Trend Trader program has been set up to constantly monitor there changing events and identify trading trends and opportunities as they unfold. Fed Announcement – Major Market Catalyst The U.S. Do ..read more

Trade Copier – The Human Touch Unlike a robotic EA, a Trade Copier can benefit from the human touch. The EA software itself doesn’t just generate automated trades based on the data in the MT4 chart, which could be set up incorrectly or based on false market data. Rather a Trade Copier, such as the one from AForex.com takes trades generated by a trading system on a master account, and trades are monitored and supervised by human traders as they are copied into the follower accounts. These trades are copied using EA technology from the main account, referred to as a “master” account to ..read more

Why Millions Use MT4 Millions of traders all over the world know and use MetaTrader4 (MT4.) While being extremely user friendly and easy to learn, MT4 also offers advanced technical analysis, trading indicators, and apps compatible with Android, Linux, Windows, IOS and Mac OS. But the most popular reason that traders use MT4 is for Expert Advisors (EAs). What is an EA? EAs are a plugin software that connects to the MT4 platform. With EA’s, traders can automate trades in their account without having to give up their trading privileges or sign any legal documents such as an LPOA. To use an EA, a ..read more

Yen Pairs – Yen Crosses Highly volatile, action-packed and full of energy; are you brave enough to trade the yen pairs? Huge, sudden moves can either douse you with pips or drown you with losses. While all the yen crosses are considered beasts, Forex traders often call the GBP/JPY “the dragon” or the “widow maker”; this pair can really move! If you are trading the yen crosses, (AUDJPY, EURJPY, USDJPY, GBPJPY) there are 5 things you should keep in mind 1. Keep an eye on USDJPY Price Action This pair is the leader of the yen pairs. Price action on the USD/JPY often seeps into the other yen ..read more

Japan – Benefits Of A Weak Yen As an export-driven country, Japan depends on a weak yen to USD to keep exports competitive and to improve the bottom line of Japanese merchandise and products. A weaker yen bodes well for Japanese exporters because American consumers get more value for the USD when buying Japanese products. The weak Yen drives the Japanese economy and is what has made Japan’s finance ministry famous for interventions in the Forex market for mass selling the Yen to decrease the value of the currency. Yen – Explained With Car Sales For example, let’s say you live in the USA a ..read more