Forex is a 24hr market starting from Monday through Friday (in many places from Sunday evening to Friday because of the time difference). But if you are a regular trader you need to know a little more about this like when exactly the trading starts in your area and what are the best trading hours to enter the forex market. In this article we explain you this exactly.
Forex Boomerang Expert Advisor Review
Before you buy any forex expert advisor you have to look for the following.
There are many expert advisors available on the internet which tell you they are very good and they make you a lot of money if you use them. But you don’t know if it is real or not. The following are some of the things that will help you to decide whether you want to buy it or not.
Metatrader is one of the forex platforms.Metatrader is one of the forex platforms. You can download and install it from many forex brokers like FXDD, Alpari etc. Most of them provide a demo account. This article is mainly about how to backtest an expert advisor on a metatrader forex platform.
Once you install metatrader, open it. It will be like in the following picture.
This is a video tutorial on how to use forex metatrader platform. This tutorial contains 3 videos which give you enough idea on how to use this forex platform.
These tutorials cover different features of the forex metatrader platform like all the controls, buttons, custom features, time frames, navigation bar, the trading terminal to trade and manage trades are explained.
Tutorial 1:
One important thing why most of the very good traders fail in forex trading is money management. If you don’t care about money management in forex even if you are a very good trader you will eventually lose. The general rule is don’t risk more than 3%(or 4%) of your margin available.
For example lets say you have $5000 mini account. If you don’t care about the money management and if you trade with 1 standard lot 5 losing trades will sweep away your account. If you follow good money management rules, the following will be the statasticks.
This is a forex video collected from youtube. This video shows how to use Fibonacci methods to trade in forex market. Fibonacci levels are used by many traders in forex to find the entry points of the market. These levels can be used alone or they can be combined with any other techniques like candlesticks etc. This technique can be applied from 5 min chart to daily charts. This video shows how to drwa the retracements, when and where to enter the forex market, where to put the stoploss where to put the profit targets. A very good video.
Bollinger Bands is one of the forex technical analysis tools. It was developed by John Bollinger in 1980s. Bollinger Bands consists of a center line two price lines one above the center line and one below the center line. The forex graph movements are always between the two price lines.
Alligator Indictor:
In Forex we have many technical indicators in which Alligator is one of them. Its a combination of three moving averages. The blue line is a 13-period Smoothed Moving Average, moved into the future by 8 bars. The red line is 8-period Smoothed Moving Average, moved by 5 bars into the future. The green line is a 5-period Smoothed Moving Average, moved by 3 bars into the future. These 3 moving averages form the forex alligator indicator.
Loading ...
