Good whatever time of day it is where you are, ladies and gentlemen. Today, I’ll introduce you a tool that will undoubtedly be useful for everyone who uses trailing stop in his/her trade in the Forex market.
It’s called Forex TrailinRobot; its author is well-known Margarita Lasker. Forex TrailinRobot was developed in the form of an expert advisor and is quite simple to use. As Margarita assures, it is the fastest software to manage the trailing stop.
A huge amount of money management techniques exist for trading in the Forex. From the silliest (doubling the lot until recovering from losses) to the learned theories based on the binomial distribution.
I personally use a quite easy method about which I am going to tell you.
This is an instruction for beginning forex traders on installing custom indicators.
There are many scalper type expert advisors intended for trading in the Asian session. Some of them works better, some worse, but there are some rules that will help you avoid potentially losing trades:
Many factors affect the Forex market, and among them there are economic reports, politicians’ speeches, sentiment indexes calculated by universities, etc. Let’s call them news in brief.
News varies in importance, impact on a particular currency pair, etc. Some traders enter the market at the time of the news release, and another traders on the contrary try to avoid them. In any case, it is important for you to know the time of the news release, degree of importance, value (if it’s a number) and impact.
There is an Economic Calendar section on many sites, but it’s inconvenient to use in most cases or their degree of importance of the event is not quite true reflected. I’d like to consider the most competent version of the calendar in this review.