As a forex trader you clearly want to trade with a great possiblility that you will profit and you wish to minimise the risk. There are plenty of paths to do that – from proper use of stop loss to a good scaling. But one of the most underrated techniques is the diversification. Only a [...]
You’ve read it correctly, the headline says a single currency, not a pair. Most frequently foreign exchange traders concentrate on one currency pair, however they miss plenty of good trading positions on other currency pairs. There is a sweet spot and it is possible to target one currency in different pairs.
One robot creators have made [...]
Check it out: Pip Android
Some brokers are now starting to quote the other major currencies to 5 decimal places. Rationally this should mean that one pip would be 0.00001 currency units, but the potential there for misunderstanding is massive, if a pip would be worth ten times as much with some brokers than with [...]
Here is an unusual system:
USDBOT is a 2 in 1 EA for two currency pairs – EUR/USD and USD/JPY. The system is built around a strategy of a group of veteran Forex traders, which has taken them years to perfect. The robot was built using the adaptive neural network technology which takes into account common [...]