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.

Forex Auto Trading

Forex Auto Trading is a fantastic way to trade for people who have too many emotions or can not be in front of their computer all the time. Autotrading will give you the freedom to test as many robots or EA’s as you wish without risking a dime.
We will go over some Auto trading robot’s and find the ones that work.
Trying to figure out which autotrade method will work for you may take some time, so you will need to be very patient and not get discouraged. The creation of demo trading allows us to test as many autotrading methods that are available to us, which is a fantastic thing.
Six Auto trading Methods that come to mind

1. Scalping auto trading
2. Breakout Auto trading
3. Pivot Point trading
4. Fibonacci auto trading
5. News Straddle System
6. Moving average crossover

Which automated Forex trading strategy is the best? We will work as hard as we can to find out. If at any point you have any questions or feedback please let us know so we can find an answer for you. Trading is an art and as traders we want to share our projects with you, whether they are worthless or profitable. You always need to keep in mind that past performance does not mean you will have the same future results.
Are you looking for a Robot that wins?

Forex News Trader

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.

Daily forex forecast - Foreign exchange

U.S. Dollar Trading (USD) in a big data day the Dollar was under heavy pressure as the Euro dragged all pairs higher against the world’s number one reserve currency. Weekly jobless Claims jumped to 445k vs. 405k forecast and prompted profit taking on equities. In US stocks, DJIA -23 points closing at 11731, S&P -2 points closing at 1283 and NASDAQ -2 points closing at 2735. Looking ahead, December Retail Sale sales are forecast at 0.8% vs. 0.8% previously. January UoM Consumer Confidence is forecast at 75.4 vs. 74.5 previously.

The Euro (EUR) the Euro was the major mover overnight as the ECB held rates at 1.0% and President Trichet was upbeat. Successful Bond Auctions for both Spanish and Italian Debt sent shorts scuttling and the EUR/USD moved above 1.3300. EUR/USD traded with a low of 1.3088 and a high of 1.3385 before closing at 1.3340. Looking ahead, December CPI forecast at 0.6% vs. 0.1% previously.

The Japanese Yen (JPY) was slightly stronger against the beleaguered USD but most crosses rallied as EUR/JPY soared. Overall the USDJPY traded with a low of 82.53 and a high of 83.17 before closing the day around 82.80 in the New York session.

The Sterling (GBP) the Bank of England kept the interest rates at 0.5% and the QE unchanged allowing Cable to rally in sympathy with the Euro. November Industrial Production up 0.4% vs. 0.5%. Overall the GBP/USD traded with a low of 1.5716 and a high of 1.5887 before closing the day at 1.5825 in the New York session. Looking ahead, December PPI forecast at 0.4% vs. 0.3%.

The Australian Dollar (AUD) continued to rally with weakness in the USD allowing a test above parity before a pullback into the US close. EUR/AUD has begun to unwind heavy short positions after months of selling. Overall the AUD/USD traded with a low of 0.9914 and a high of 1.0022 before closing the US session at 0.9970.

Oil & Gold (XAU) fell sharply as the European sovereign debt issue calmed down. Overall trading with a low of USD$1369 and high of USD $1393 before ending the New York session at USD$1375 an ounce. Profit takers emerged after Crude Oil failed to hold above the $92 a barrel level. WTI Oil Closed -$0.78 at $91.08 a barrel. 

400% Profits in 3 Days!!

Start researching Forex and you’re likely to see several ads proclaiming ridiculous guarantees such as “2,000 pips a Day!” or “400% Profits in 3 Days!!” Before you quit your day job and start trading Forex fulltime because of these outlandish claims, let’s evaluate how to spot a Forex scam.
Unfortunately, many people associate Forex trading with scams, and perhaps for good reason. The number of unscrupulous companies has been increasing. The number of Forex-related scams has increased abruptly over the last few years, and it is important for you to be able to identify a hoax.
Currency trading is an exciting and potentially profitable investment option, but as with anything involving money, there are people out there who will rob you blind if you don’t know what you’re doing. Let’s take a closer look at Forex scams, so you are properly equipped to spot one.

Understand Genuine Forex Operations

So, where are Forex scams likely to occur? Advertisements for scams can often be spotted in online pop-ups, newspaper advertisements, and the classified sections of financial magazines. How do you weed out the good from the bad?
A first step is to learn how legitimate Forex trading is conducted. Generally, Forex traders can place orders through an exchange or board of trade, a bank, insurance company, registered securities broker/dealer, or other financial institution.
This means that you should search out these types of institutions in order to trade currency. It also means that many scammers will masquerade as one of these types of companies in order to trick you. So where can you turn for help? Is there anyone out there tracking down and punishing these evil-doers? Never fear, the CFTC is here to help you.

Meet A powerful Ally – The CFTC

Even though Jack Bauer doesn’t work there (that’s CTU), the CFTC or Commodity Futures Trading Commission is a great source of information for Forex scams. They have been working tirelessly to crack down on the number of scams, and while it has taken longer than 24 hours, their efforts have produced solid results which Forex traders can utilize.
In the United States, the CFTC has federally mandated authority and jurisdiction to investigate and take legal action when appropriate against corrupt Forex brokers. Additionally, they have the ability to prosecute any firm registered with the CFTC if the firm’s actions violate any CRTC-mandated rules.
The CFTC was empowered in December 2006 with the passing of the Commodity Futures Modernization Act. Their efforts have centered on educating potential Forex traders about currency trading’s best practices as well as keeping tabs on the people who offer Forex services.

Basic Trading Math: Pips, Lots, and Leverage

Pips, Lots, and Leverage – oh my! Pips, Lots, and Leverage – oh my! No, this isn’t the set of a twisted, new production of the Wizard of Oz in which the Tin Man wears glasses and a pocket protector. These are some common words used in currency trading that you will need to add to your vocabulary in order to become a successful Forex investor.
You’ve probably come across these terms already during your investigation into currency trading. It is important to get a good grasp of these concepts before we go any further and explore the math associated with them. These concepts set the stage for knowledgeable Forex analysis and trading.

The Pip Exposed

As discussed in previous library articles, a pip is the smallest price change a given exchange rate can make. Most major currency pairs are priced to four decimal points, so the smallest change for most exchange rates is equal to a 1/100th of one percent increase.
Your profits and losses can be calculated in terms of how many pips you gained or loss. A pip is derived by comparing the starting rate to the ending rate. The difference between the two is how many pips you gained or lost.
For example, if the exchange rate for the USD/CHF was initially 1.2155 and rose to 1.2159 then it has moved 4 pips – which could be good or bad depending on whether you own Francs or Dollars.

Pip Examples

Each currency has its own value which is usually expressed in relationship to another currency. As such, the value of one pip is different for each currency pair and depends on several factors – the main aspect being the exchange rate.
The value of a pip is derived by taking 1/10,000 of most currency pairs (this holds true for all exchange rates quoted with 4 decimal places – Japanese Yen or JPY is an exception and will be explained later) and dividing that by the exchange rate:
pip = 1/10,000 ÷ Exchange Rate
Let’s take a look at several of the main currencies to gain a better understanding of how a pip is calculated. We will express these examples where the USD is quoted first in order to express the value of the pip in terms of U.S. dollars.

Choosing a Broker and Opening an Account

You’ve probably seen many advertisements for Forex brokers as you’ve investigated currency trading online. Some of their gimmicks range from informative to ridiculous; however, these advertisements serve a purpose, as you will eventually need to sort through them and open an account with a reputable Forex broker in order to start trading.
Generally speaking, a Forex broker will help execute currency trades for you in a similar manner to a stockbroker. You will decide which currency pairs you would like to purchase or sell and then conduct the transaction through the broker. Brokers earn money by charging a commission or a fee for their services and/or through the bid/ask spread.
In order not to feel overwhelmed by the number of Forex brokers available on the internet, you will need to do a fair amount of research. We intend to help you establish criteria for your decisions and what you should expect from a broker. Once you pick a broker, you can open an account and start trading!

Is Online Trading for You?

Forex trading is typically not conducted in an off track betting-like venue where you walk up to a cashier and exchange money underneath a plate of bulletproof glass. Instead, the majority of transactions are carried out online through a broker’s trading platform.
The question you need to ask yourself is whether you feel comfortable trading currency online. If not, there are brokers who will execute trades for you over the phone (and some, gasp!, in person). However, trading online offers several benefits including 24/7 availability, research tools, real time quotes, and quick execution of trades.
Our advice is geared towards online trading since, well, we’re a Web site, and additionally, because we like the advantages online trading offers. Most of the advice in this article will also help you if you choose to trade using a traditional broker.

Foreign Currency Trading In Brief

Everybody knows when going on a trip to another country you need to take some travelers checks and some cash in the currency of that country. This can be advantageous because one country’s currency is usually worth more or less than the other. So your 200 USD could be worth 260 Canadian dollars, giving you more purchase power. Currencies of countries rise and fall in valued over time, similar to the stock market. The reasons are usually economic and political. You may think though that similar to the stock market there is a lot of money that can be made by trading currencies from various nations. You would be right!
The first step would be to find your broker. You can trade currencies at a bank but you will usually find their prices to be high and their responses to be slow. If you are serious about currency trading you really need to find a good FX broker, there are many large and small firs that deal exclusively with foreign exchange. Fees and responsiveness are the big factors here; depending on how fast you are trading a few minutes can really make the difference here.
Another thing that should be understood that this will take a good amount of investing initially (depending on what type of return you’re expecting) and usually is not a quick return on your money. Let’s take a look at the Japanese yen for an example. At the start of the year each USD was worth 10 Japanese yen less than six months later. So if you were in Japan and in January had traded your currency with USD and today were to trade the currency back, you would have received a ten percent return on your money.
Some people think this is a little slow for that type of return. These are generally the types of investments banks and large firms are dealt in. Most individuals prefer the stock market because it is a quicker buck. But currency exchange is a lot more secure, the currencies will always be around, and when investing a large sum of money can return quite well.
Another helpful information is to pick only a few types of currency and trade between those. It is much easier to keep an eye on a few nations than a dozen. And since political and economics shape the value of a currency it is usually suggested that you keep an eye on basic news involving that nation. This is the reason it is usually suggested to pick nations and currencies that mean something or are of interest to you. But anyway: With a little political insight and some well planned moves you can make significant money in currency trading.

Forex Trading – Greece, the euro and the European Union

Forex trading is very volatile as of late because of the debt crisis currently underway in Greece. The fear is that the debt crisis in Greece spread to other highly indebted countries in the European Union (EU) as Spain, Portugal and Italy. As a result of what has happened, the euro currency has fallen almost 11% against the U.S. dollar. In considering this situation, we must ask ourselves the following questions: The sell-off infact and the recent strengthening of the euro against the U.S. dollar due to the solid foundation in the United States or the weakness of the euro? The reason they are important questions because the answer to the second impact more because we are the first response.

I would say that the U.S. is the profit in dollars is only now due to the weakness of the euro and the weakness of the euro only. The U.S. economy has only consumer spending steam, because the Fed has left rates collectionto near 0% for some time. What happens if the Fed is forced to raise interest rates? If the U.S. economy is able to be that kind of head-wind to resist? The answer is probably no. It is also important to note that consumers have more rights issues, because they walk from their mortgage payments, credit cards and car payments to keep just to name a few. This leaves the consumer with additional income that would otherwise not have and so you spend more moneyThings like eating out, shopping for clothes, and buy the new Apple i-pad. Here we go with consumers Punch-Drunk again. It 'was the last sustained boom inflated and Federal Reserve will not be sustainable this time. Inflation and defaults are the only two options for the U.S. dollar in the coming years, and these two things can only mean disaster for the greenback.

Forex Trading

When trading Forex, of course, our goal is to earn money. There are no prejudices against anything.We just want to benefit from our foresight. So the answer to the second question is that the euro has been sold and is made in a plane at some point. Probably around 1.2300 to 2400. Finally, do you think Germany is the third largest economy in the world, its currency is not? The answer is "probably not." And that's exactly why not jump, the possibility of a further € and printing bailout Greece. The euro is a sound currency because of what is happening in Greece.Investors around the world will know that there is security in the euro to take to maintain if they get into trouble a short-term loss for long-term health. Thus, the economy taking a beating, but their money will be better for this. The situation in the U.S. of A is exactly the opposite. Here we print money to avoid short-term problems that ultimately only exacerbate long-term health of our economy and our currency.

Forex Trading – Greece, the euro and the European Union
Withall that said, we are approaching a point where the euro is trading in foreign currency is a huge deal that you can take advantage of you in not only for the reasons mentioned above, but it needs only the psychology of market research. Professionals are always buying the market in free fall as the average person has to catch the wind of the crisis and is moving from road to short that has already happened to go. This model has many, many times done, andcontinue to repeat itself until the limbic system plays a role in human physiology.
Forex Trading – Greece, the euro and the European Union