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I searched in google with keywords best forex robot 2019 and in the end I found fxflightproEA from their website fxflightpro.com . if anyone has ever bought, I was interested in their ea. I saw a very small drawdown, and monthly profit looks great.and I see myfxbook profit reaching 50% in 50 days. if there are buy please review here and I say thank you if anyone would like to share here.thanks

Hi GUYS, Happy Wednesday! I'd like to share daily forex analysis from Followme, hope this information helps your trading. Today, Let's focus on AUD and NZD. AUDUSD is trading at 0.6761; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6765 and then resume moving downwards to reach 0.6635. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6825. In this case, the pair may continue growing towards 0.6905. NZDUSD is trading at 0.6447; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6455 and then resume moving downwards to reach 0.6315. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6525. In this case, the pair may continue growing towards 0.6645.

So I've been 18 for about 4 months, since I turned 18 I started up an account, and basically thought I was doing amazing because of beginners luck, put in some of my savings and managed to do well, some days I would make £200, one day I even made £900, after time I lost my profits and made a loss as well. I've realised I need to spend the time analysing the market and making technical judgments. I'm trying to read more and spend a lot of my time looking at the charts. is there any advice people can give me. and is making 5% a week a realistic goal to set myself? before anyone assumes that im looking for a get rich quick scheme, im certainly not, I see every loss ive made as a lesson and ensure that I learn from each mistake I make. any advice about indicators, strategies, how to analyse the market, or even analysing earning reports would help me.

Firebird is an indicator to identify the price spikes in the market. Firebird indicator first calculates a 10-period moving average, then shifts this moving average a certain percentage above and below the 10-period moving average. The shifted averages are drawn on chart as the red and green line. When price touches these lines, price spike is identified. Usually after a price spike, the trend reverses for some time. The indicator can be used to take advantage of this price behaviors. In daily chart usually the 10 period MA is shifted by 2 percent to form the price bands. On lower time frames like Hourly, Four Hour a smaller percentage price shift is used like 0.5% . The important consideration here is most of the price bars must be contained within the upper and lower bands. When price reaches above the upper red band, a sell position is opened. When price reaches the lower green band, buy position is opened. Trades can be managed with proper stop loss and take profit. In the picture, Firebird indicator is attached to daily chart of EUR/USD with 2% shift on MA. Note that almost all price bars are within the price bands. And when price extends beyond these bands, price trend reverses and comes back into the bands. FireBird.zip

How to reduce eroding Forex slippages? Slippage is more likely to occur in times of higher volatility (perhaps due to market events) and it makes a market order at a specific price impossible to execute. Such times are when large orders are executed, when market orders are used and when there is not enough interest at the desired price level to keep the expected trade price. Slippage is neither negative or positive movements, it is simply the difference between the expected purchase price and actual executed price. Since the corresponding securities are bought and sold at the most favorable price available, an order can result differently. In this situation, most forex dealers will execute the trade at the next best price. In forex world, the market prices changes fast and the slippage happens in times of delay between the order placed and its completion. Slippage is the difference between the expected filled price of a trade and the actual price filled. In other words, when your trade is executed at a worse price than requested, so it is “slipping” from the original order price. It happens between the time that a trader enters the trade and the time the trade is made. It can happen to everyone in any given trading market; stock, currency, or commodity. This may be caused by an ineffective broker, increased liquidity and fast market. The forex market is very liquid and there are limited amounts of slippage. Share your Idea Please Thanks!

Does it mean that you are an expert just because you make a lot of profit? The amount of profit cannot be used to measure the value of a trader. Yes, you must be doing something right if you are making a frequent profit. However, that does not determine if you are an expert or not just by your profit. This is quite a common misunderstanding in the forex industry. Making a large profit is only one side of the forex market. Majority of forex traders tend to lose most of the time after they have experienced profit. But why? So many traders fall into a fantasy land where they make an endless amount of money at the beginning. Many beginner traders tend to gain profit at the start not knowing the importance of technical analysis of the market. The experts on the other hand who stayed became wealthy and stayed that way, continue gaining profit, are all knowledgeable when it comes to the basics. Experts have dialed many ways to control their minds to be set right to be a trader. Understanding of the market is a must know anyway. Expert traders wait patiently until the right opportunity comes. Opportunity comes to everyone. What differentiates the experts and the beginners is that experts know when the opportunity has come and knows to take advantage of it. Making profit by luck is possible, and yes luck is also very important. But can you profit with luck every time? How an expert trader is determined is not by how much the person gained, it’s about the precision and the frequency of results. Profit can’t be maintained by luck. It is maintained and is a result of precision and strategical execution. You shouldn’t worry because you’re not gaining any profit right now. You should be building your skill sets to be a better trader by experiencing many trading situations of losses and wins. If you invest in your time to improve, your results are guaranteed to increase more frequently and will become more stable.

I'm looking for a reliable forex signal service (better with pending orders), with real and transparent results, I would be happy if someone answered me ... thanks

EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure

Hello, My name is Yana. I would like to establish here JustForex company. I would like to tell you a little bit about our company and gather a community of traders here and if you have any questions, I would be happy to help you here. JustForex offers several trading account types with a wide choice of trading instruments and everyone can find the most suitable one according to his preferences. Trading conditions: spreads from 0 pips, leverage up to 1:3000, mobile versions of MT4, order execution from 0.05 s. Please feel free to contact me here if you have any questions. And the question for traders here. What Forex broker do you trade with? And why? Let's discuss.

Or are they the same thing? They seem so similar, but my broker (Jones Mutual) offers both, so what is the difference and which one is better?

I have been learning binary options and crypto trading for a little bit now. Its difficult to find a strategy that works best for me because there is a endless amount of them. What is the way that you found the strategy that worked for you or fit your trading style?? I have been trying alot of different ones but cant seem to find one that benefits me and its the most frustrating thing.

Hello, I wish to get into trading(maybe day trading). But my question is what should I focus on learning, stocks(btw I know about the $25000 limit but I don't know if I am going trade that many times a week) or Forex, atm I plan to start with 500-1000$. My background would be that I have taken an economics class in which one part was stocking as we had to play a stock market game for around 3 months. Also if you are wondering I don't plan to start real trading for at least a few months(I Plan to practice with demo accounts first and find a profitable strategy first). Thanks for the help!

A website that offers fraudulent EAs is being used for scams and other financial crimes. The website in question is btcmt4.com and belongs to Philippe Ballesio who uses the pseudonym "plukumust". He took away 1 BTC, never responded after paying for an EA he never sent. That man has a great history of scams, after investigating in depth I could find financial crimes, computer crimes and common crimes. Your most recent fraudulent system is btcmt4, be careful ...

I am not a forex trader, I trade mostly ES, JY, EC, BP, CD futures. I have been studying forex for some time for the sake of understanding better and have decided I might jump in. I lack the understanding of how forex data works, my understanding is that the big banks and brokers provide their data to data providers who then consolidate it into total volume. It seems to me I would want a data provider who provides the most banks input for their data. I am looking for tick data on up and a provider who would list their bank data in a way where I could identify the largest contributors, sort them somehow and develop an indicator to show me this big boy volume. Do any of you know which providers have the largest amount of volume providers and list them in way like market makers on L2? Also, I am not an expert here and would appreciate any corrections to my thoughts or assumptions. Thanks you MM

Hi everybody, I am in little confusion with Tradorax, in actually I want to start trading so I was looking for the good trading websites which can assist me in testing strategies, creating expert advisors or indicators. So, I have found Tradorax easier for me but after doing some research there were some bad reviews and good reviews about Tradorax. It makes me little worried about starting with them but positive reviews are attracting me too. So, Please guys suggest me some good advise and also tell me if you have any personal experience with Tradorax.

A pip is the measure of change value between the two currencies and one pip is equal to 0.0001 of the change in value Multiplying the number of pips with the exchange rate is needed which tells how much the account has appreciated or depreciated in value

Whether you have $20 or $200,000 to invest, the objective is the same: to make your money grow. The means, however, vary dramatically based on your investing style and how much money you have to work with. If you invest effectively enough, you could conceivably live off the earnings from your investments! 1. Build your emergency fund. If you don't have such an account already, it's a good idea to focus your efforts on setting aside three to six months' worth of living expenses just in case — hence, an "emergency fund." This is not money that should be invested; it should be kept readily accessible and safe from swings in the market. You can split your extra money every month, sending part of it to your emergency fund and part of it to your investments. Don't tie up all of your extra money in investments, unless you have a financial safety net in place; anything can go wrong (a job loss, injury, illness) and failing to prepare for that possibility is irresponsible.

I've found a very useful forex tipping website who provide pretty reliable tips and they have helped me out a lot recently, so I thought I'd help you guys out and leave a link to some of their videos: https://www.youtube.com/playlist?list=PLctmVL7imFbz_bBichfZL3Pkh3HC7YG7I

Hello;) I've been tried a variety of FOREX trading platform. But there are so many pirate copies in the market. They are usually cause system instability and even disconnection. The ideal trading platform must with function of place market order, limit order and OCO...etc. Most of all, it can provide stable and safety environment for trading. Have you ever used the download trading platform like that? Please share your opinion.

Anyone know where the statistic of 95% losing and 5% winners ratio for traders came from? I keep seeing this put up as a "FACT" but there doesn't seem to be anything other than anecdotal evidence to support this statistic. Anybody have any idea?

Hi everyone, I have tried a lot of free and commercial trading platform. Few months later, I find the Mars Trader. It developed by the HTML5. That means this system dispense to download by any browser. Even you can easily to experience on iphone/ iPad / Andriod. It’s very stable and innovative that I have never seen.

Since the stop loss subject is extensive, involving many other topics, I will discuss only the initial stop loss that is necessary to control the losses if the trade will not be successful. Let us now see the four best stop-loss techniques applicable to many different trading systems. Stop based on volatility (Volatility Stop) Imagine a market where the candles have a width of 120 pips. It makes sense to put a stop loss at 5 pips away from your point of entry? Unless your strategy is not a form of super-extreme scalping the answer is No. If you get into a certain direction you have to ask if you're giving the market time to develop in your favor, without which, insignificant fluctuations close down your position prematurely. On the other hand, one stop too distant, will lead to losses that you can hardly recover. Looking at the average volatility you can understand, therefore, where it makes sense to place the stop loss based on the breadth of recent market movements. Thanks to the ATR (Average True Range) indicator you can easily obtain the volatility of the last N bars. The value obtained will be the basis for choosing your stop. Stop based on support and resistance Another powerful way to set the initial stop loss is based on what is the reality of the graph. Markets will offer a wealth of information: the prices are clearly moving in one direction? The prices are moving wildly within a certain range? Through observation you can have a number of ideas to find a price level above which we have little hope that the trade turns in our favor in the short term, or not to proceed further against us by exposing them to excessive drawdown. Stop based on indicators Some traders, lovers of technical analysis, tend to base every aspect of their trading on the results offered by various indicators: list the various methods used would be impossible, so I will limit myself to one example. A fairly common technique is to enter and exit a trade based on the crossing of two moving averages. Stop fixed to N pips The stop loss is set at a certain number of pips from the opening portion of each position. This is an ordinary technique, where the distance is fixed and equal for each trade, such as 20 pips. You should exclude the idea of ??using a stop of this type since there are important gaps. First, it disregards the fact that volatility varies over time and is never fixed. Generally, the shorter the timeframe used, the greater the possibility that the volatility changes. Secondly, it is not connected to the reality of the markets: it does not consider resistance and support or other guidelines which may provide an assessment of the graph. The only people who I think can use a fixed stops are experienced traders who intend to work with a very short term scalping technique, while maintaining a very tight stop loss. Choosing an option or the other, would simplify what cannot be simplified. Every trading system, and each trade is a special case. I have tried to provide meaningful tools to check your initial stop loss: making good use of them can greatly improve your trading.

Trading With Small Account Sizes Now that regular forex trading activity has made its way into everyday households, retail traders have been able to enter the market with the ability to execute high leverage levels with very few limitations. But the unfortunate reality is that most forex traders are caught up in the hype and believe that quick riches are possible even when starting with the smallest account sizes. We have even started to see forex brokers offering micro accounts with minimum deposit sizes of $25 or less. This has democratized the trading environment but it has also made many traders with small account sizes vulnerable to quick market reversals that can wipe out an entire savings balance. For these reasons, it makes sense to assess the rules and tools smaller traders must utilize in order to stay in the game and keep their accounts growing. There are many market experts that will actually suggest there are no real differences when trading, and that a smaller account should be approached no differently than large institutional trading accounts. But while this is largely accurate, there are still some things that smaller traders must keep in mind in order to avoid a margin call situation that could deplete your entire trading account. Starting With Realistic Expectations The first problem that plagues most new traders is the problem of unrealistic expectations. This problem can take many different forms. But in most cases, you will see a new trader with a small account get a few successful trades in a row and then start to expect that those results will be duplicated forever. These traders will then start to do the math and figure out how much money can be made each day, week, month, or year. This is destructive, however, because it is taking your mind off of what you should actually be doing (analyzing the market and isolating high-probability opportunities) and centering it instead on scenarios that could make you rich with little effort. Markets are never this consistent, and there will be always be situations where you do better or worse than you have originally expected. Trading projections are generally not very useful (especially in the early stages) because there are going to be many events for which you are unprepared and many market scenarios that might not necessarily conform to your original trading plan. The unfortunate reality is that you are not going to be able to turn a $500 account into $1 million in a month or a year. Even if you max-out on your available leverage, these are unrealistic expectations that should be disregarded immediately if you plan on being an active trader for the long run. Large/Small Account Sizes: Similarities And Differences At the same time, markets are markets and trading is trading. The argument can be made that a $500 account should be traded no differently than a $1 million account (other than the fact that trade sizes should be proportionately smaller). There is a good deal of truth to this, because the probability for a given chart pattern will not change depending on the amount of money that is in your account. In these ways, large and small account sizes are essentially no different as long as you keep your risk percentages to appropriate levels. (Conventional wisdom here suggests that you should never risk more than 2% in any one position.) It is also important to remember the characteristics of the markets you are trading. One example would be differences in the ways gold prices vary relative to currencies. When viewing the market in this matter, the real issue is the strength of your strategy rather than the size or your position. The key here is to view your account in terms of percentages, rather than in Dollar figures. In other words, look to make back your 2% on the trade, rather than trying to make $100 or $1,000 on your trade. It is amazing how often this mistake is made, as traders start to look at the forex market as a source of income rather than as a living organism that does not care about whether you win or lose (or if you have made enough money to cover your monthly bills). It is also another reason why options trading strategies might even make more sense for new traders. Forex trading simply doesn't work like that and if you expect to stay in the game you will need to view your balance in terms of percentages rather than as a potential Dollar figure. Stop Losses and Market Anomalies Large accounts are better positioned and better able to weather market anomalies. As a personal example, I remember being short the EUR/CHF when the Swiss National Bank (SNB) decided to construct a price floor at 1.20. This was done to prevent excessive strength in the CHF but the move was largely unexpected and took many traders (myself included) by complete surprise. I was in front of my trading station when this occurred and I saw prices climb by more than a thousand pips in minutes. I did not have a stop loss in place when this move occurred and this created the biggest loss of my trading career. Fortunately, my position sizing in this case was relatively small and I was able to avoid the total depletion of my account. (Chart Source: CornerTrader) But what would have happened here if I was just getting started? Would I have been able to withstand the losses taken by such an unexpected move? Prior to that day, I never would have guessed that markets (especially the EUR/CHF, traditionally a low-volatility forex pair) could move 1,000 pips in a day -- in any direction. Of course, I was wrong in this case and the mistake turned out to be very costly. For these reasons, stop loss placement is much more important for those with small account sizes as there is much less flexibility and margin for error. The market can (and eventually will) surprise you and destroy your expectations. For those with small trading accounts, proper preparation here (a stop loss) is vital and could potentially be the only thing that keeps your account active when a market anomaly occurs. Conclusion: Does Size Matter? So here we come to the ultimate question: Does account size matter? Unfortunately, the answer is a vague ‘yes and no.’ “Having a small account size means that you will absolutely need to take certain precautionary measures (ie. having a relatively conservative stop loss that is in place),” said Sam Kikla, markets analyst at BestCredit. “This is the only way to protect your account from market anomalies that can erase all of your previous gains in short order.” Another factor to remember is that leverage is much more dangerous when your account size is small. There is absolutely no reason a trader with a $500 account should ever be taking 200:1 leverage. At this rate, it would only take a small string of losses to completely eliminate your ability to continue trading. On the plus side, smaller traders that obey these rules (and focus on percentages rather than Dollar figures) will have access to the same returns as those with institutional accounts (again, in percentage terms). The real issue here is whether or not you are taking an overly aggressive approach to your trades. This is not a viable option for those with smaller account sizes. So, there are important differences that can put smaller traders in a more difficult positions. The positive here is that most of these difficulties are removed when you keep a conservative trading approach, use active stop losses, and structure your trades so that they are working as a percentage of the whole.

Hi, I have doubt regarding PMI. I couldn't get clear explanation till now. Can any one explain me.