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What Is Forex?

Started by admin, Oct 19, 2019, 08:31 pm

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admin

Webinars & Training Videos.
They are the perfect place to go for help from experienced traders. This is because Forex webinars can walk you through setups, price action analysis, plus the best signals and charts for your strategy. In fact, in many ways, webinars are the best place to go for a direct guide on currency day trading basics.
3 Mistakes To Avoid.
1. Averaging Down.
While you may not initially intend on doing so, many traders end up falling into this trap at some point. The biggest problem is that you are holding a losing position, sacrificing both money and time. Whilst it may come off a few times, eventually, it will lead to a margin call, as a trend can sustain itself longer than you can stay liquid.
This is particularly a problem for the day trader because the limited time frame means you must capitalise on opportunities when they come up and exit bad trades swiftly.
2. Trading Too Soon After the News.
Big news comes in and then the market starts to spike or plummets rapidly. At this point it may be tempting to jump on the easy-money train, however, doing so without a disciplined trading plan behind you can be just as damaging as gambling before the news comes out. This is because illiquidity and sharp price movements mean a trade can quickly translate into significant losses as large swings take place or 'whipsaw'.
The solution - wait for the volatility to subside and you can verify the trend.
3. Days of Interest.
It's great having an effective once a day trading method and system. However, even a consistent strategy can go wrong when confronted with the unusual volume and volatility seen on specific days. For example, public holidays such as Christmas and New Year, or days with significant breaking news events, can open you up to unpredictable price fluctuations.
Countries.
The country or region you trade Forex in may present certain issues. For example, Forex traders in the USA and Canada will need to read up on pattern trading rules (Canadian traders have it slightly easier).
Trading in South Africa might be safest with an FSA regulated (or registered) brand. The regions classed as 'unregulated' by European brokers see way less 'default' protection. So a local regulator can give additional confidence. This is similar in Singapore, the Philippines or Hong Kong. The choice of 'best Forex broker' will therefore differ region by region.
Trading Forex in less well regulated nations, such as Nigeria and Pakistan, means leaning towards the more established European or Australian regulated brands.
Forex Trading; Is It Profitable?
Many people question what a trader's salary is. However, the truth is it varies hugely. The majority of people will struggle to turn a profit and eventually give up. On the other hand, a small minority prove not only that it is possible to turn a profit, but that you can also make huge returns. So it is possible to make money trading Forex, but there are no guarantees. 75-80% of retail traders lose money.
Bottom Line.
Currency is a larger and more liquid market than both the U.S stock and bond markets combined. In fact, a surplus of opportunities and financial leverage make it attractive for anyone looking to make a living day trading Forex.
Unfortunately, there is no universal best strategy for trading Forex. However, trade at the right time and keep volatility and liquidity at the forefront of your decision-making process. Follow these general rules for FX day trading and you'll be on the right path.

admin

Forex Flex EA.
Details.
Currency Pairs: Any Timeframe: Any Price: $330 License: 1 live account NFA compliance: yes Refund policy: 30 days Flex EA Website.
Strategy: Comes pre-loaded with 12+ different strategies from retrace, to martingale, to scalping. Best ones are a mix of grid and retrace trading.
Performance.
Pros & Cons.
30 Day refund policy 12+ Strategies in one Strong long-term performer Pro active vendor Active member forums Forums have lots of private .set files.
Can be risky if you get greedy.
Rating.
Your Rating: User Rating:
Worthy FX Trader EA Review.
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Worthy FX Trader EA Review.
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PowerFul Forex Review.
EOS Forex EA Review.
36 Comments.
Luciphar0.
New settings in forum are fantastic, love this ea.
Joe88.
Which settings are you using if you don't mind me asking?
Luciphar0.
Sorry for late reply, I am using RSIx3 Scalper D Stoch v3 EURUSD M30.set from this forum thread https://forexflexea.com/forum/Thread-RSix3-Scalper-v2-and-beyond running it only on EURUSD.
PontyT4.
These are doing well for me too, great .set file.
Alshamali.
Are u still using it ? Is it profitable until now ?
Luciphar0.
Yup still chugging a long nicely, I'm using low risk and only trading EURUSD, USDCHF.
Troyo.
could you pls tell me your avg return per month on RSIx3 Scalper with EURUSD.. Are you also using it on USDCHF .
Joe88.
Been using the new stoch D scalper set file on EURUSD, its been doing flawless. Great work some Steve, hes always got something cooking.
Chris Roubis.
I do love this EA. I have been very impressed with its performance. Keep up the good work.
Charlie.
Been doing well with this since late April, only had one major loss but the profits have far outweighed that overall. I use the custom tdi set file on v4.65. Curious what everyone else uses?
Teddy.
I use Progressive FlexHybrid with decent results.
Two EAs for resale at a discounted price for a LIMITED time !. I just do not have enough time for Forex trading.
FlexEA ( more than 12 strategies) - website: http://www.forexflexea.com/ (Ask price: 200 USD - original price: 333 USD)
RouletteTrader EAs (more than 7 EAs) - webiste: http://roulettetrader.com/trading-products (Ask price: 145 USD - original price: 300 USD)
if you will buy the two EAs I will reduce the price again. Hurry-up!
They have both monitoring signals, please check their websites. if you are interested, please reply to this email.
Jeferson Bulgarelli Guerreiro.
Hi.. Im like this.. Contact me to define payment. [email protected].. Regards!
Hi Sam, Do you still have flexEA for sale ?
i bought a flexv4.65 but no trades. does it need a registration to their website?
Yorick1.
Anyone using 3.37 live yet? Been having a lot of success with 3.26 so I haven't rushed to update yet but it does have some cool new features I want to use.
admin.
Yes I have many live accounts now running 3.37 working perfectly fine.
golathmim.
Hi Admin, I've bought this EA but I'm baffled as to which strategy and settings to use.
Can you shed some light pleasssse. Thanks.
James.
Are people still having success with this? Been a long time lurker lookin to maybe pull the trigger finally.
Ya been using it for awhile now with consistent results. I've taken a very conservative approach with 0.1 risk on just 6 pairs which nets me about 5-10% per month with low DD. This is with the BigDefault strategy by the way.
Re > May 15, 2016 at 10:21 pm.
Started 2 months ago with FlexHybrid on 10 pairs with $100 on a micro account. Now at $168 with only 8% drawdown. Some people are looking to double accounts every couple weeks and end up blowing them, not me. 30% per month is more than enough with a low DD.
Are you using default settings? What broker and what is the leverage you are using? Thanks in advance.
Noel Nobleza.
Yes,,I am using Default settings in Forex Flex 3.60, my broker is Pepperstone Razor Account with a leverage of 1:100.
Manasvi Sriram.
Hi Reidman, can you kindly help me with your settings? Is this Robot compatible with Tradeo?

admin

Noel Nobleza.
I use Trendsurfer as a strategy I lost around $80 on 21 Jan 2016, but I am still up by 9% profit from my initial investment.
Any suggestions what is the best strategy? So far Forex flex is the most reliable robot out there.
Daniel.
Hi Noel, did you get sst file strategy from seller after you buy or everything by default? How it's work now? Performing ok so far?,
ilios ellas.
Have been using this EA, in profit for two weeks; still nervous about it, since all of the myfxbook examples you post, are not verified by myfxbook. Can you point to ANY real account(s) verified by myfxbook (trading privileges and track record)?
Chris.
Performing well in the month of October, satisfied customer here.
ttuni.
With a hedging technique, it could fully reverse the adverse effects of the trade.
August was a great first month for me with Flex. Did +21% and survived the Aug 24th crash.
Only changed settings are VirtualTrades 10 Trailing mode on.
Trading 10 pairs with 0.2 risk.
Do you still use the same settings? How is it going?
Anyone have any experience with this? What strategies are you using?
Pstock.
Yup, OOTB settings are doing just fine for me.
Teddy.
Long time user of this EA, brilliant product and a must of for any trader. Not only is it an automated trader, it's highly effective for generating signals if you want to manual trade instead.

admin


Forex Signals with an over 98% accuracy. Only $ 4.99/mo FOREVER!
With E-mail and Mobile Alerts , our Buy / Sell Forex signals have been shocking the world with excellent performance .
Market Analysis Done By Our World-Class Forex Traders.
We carefully analyze every currency pair carefully with over 101 conditions before issuing trading signals for maximum safety .
Best P roven & Profitable Performance Is What We Are Known For.
We can proudly say that our Forex signals performance is the best you will ever find. We have grown as a service vastly due to our ability to deliver profits.
Browser Sound Alerts.
E-mail Alerts.
Best Rated Customer Service.
We Specialize In Most Major Pairs.
Forex Signals Can Be Used On Any Time Frame.
You are here: Home.
Why Dux Forex?
Easy Forex Signals Interface. Access From Anywhere!
Our Forex signals are very simple to read and can be accessed from anywhere on any device. Alerts come with Buy / Sell Entries, SL and Three TP points. Just place the pending orders or enter at market. That's all there is to it!
We accommodate all trading time zones around the world. You'll never miss a signal.
Start Making Profits.
Dux Forex since 2014 has been providing accurate Forex signals to over 40k traders around the world. We are the only service that is able to provide entries with up to a 98% accuracy or more. All our Forex signals are carefully calculated and our experienced trading analyst follows a series of protocols. We use special techniques that no one else uses. Our style of trading is unique yet very profitable. We specialize in most of the major currency pairs. Since our signals interface is fully web-based, any broker can be used. Our main goal is to provide a service that benefits all traders rich or poor. Since we accept over 6 payment methods such as PayPal, Bitcoin, Skrill, Webmoney, Payza and more, we have reached out to people in almost all countries. Give us a chance to prove ourselves and you are guaranteed to be surprised.
Forex Trading Involvement.
Dux Forex as a signals provider has been established since 2014 but have been involved with trading Currency Pairs, Stocks, Futures and Metals since the late '90s. We have a team of over 140 experienced traders. Many of these traders are former Forex contest winners and the brokers who were used can confirm this.
We use price action , correlation , reversals , volume , candlestick patterns , and economic news when analyzing the Forex market. We do not use lag indicators which never work. We have been in this industry for years and we can tell you that indicators are not the answer to Forex success. Forex trading takes skill and experience and that is why we are here to provide you with the best Forex signals you'll ever find.
Our signals are so accurate that a few banks had approached us offering an opportunity to trade for them.
We had provided Forex training and education in the U.S, Canada, India, U.K, Germany and more back in 07-08. Our strategies are proven to be reliable and profitable.
Are Our Trading Signals Profitable?
All our trading results can be seen on our performance page and YouTube channel. We have a stellar record and a high consecutive win streak.
We use only the most profitable formulas that are used by the most successful Forex traders.
Many of our Forex signals go beyond our expectations by reaching levels above target 3.
Our anticipation of market movement is excellent. We provide pending orders which enable traders to get in on the trade without the worries of missing anything. There will be more than enough time to react.
The majority of the time, signals are posted around specific times. This makes it very easy for a trader to maximize the opportunities even with a daily schedule.
Free Forex Advice For Newbies.
Whether you are a subscriber of ours or not, Dux Forex wants the best for you. If you need suggestions on a broker to use or any other sort of trading advice, we would be happy to help you.
There are numerous ways to manage a trade. We can advise you on the best way based on your account size/leverage.
We can show you how to place pending orders on your platform the most efficient way.
If you have a certain schedule and can trade only during certain times, we can suggest which signals release time you should wait for.
Our staff is very friendly, knowledgeable and always ready to help. We offer free remote to pc services and can optimize your charts upon request. We have been helping tens and thousands of traders get setup.
Our Contribution To The Forex.
Dux Forex has been sharing knowledge to Forex traders for years. When our research team discovers new patterns, we inform Forex communities.
We have written and provided free indicators for MT4. Some of these are available to download.
Our trade management strategies have been used by many traders using other systems as well.
We have made donations to third world countries to help people become traders, learn and succeed.
The products and services we offer have made a massive positive impact on millions of traders. We continue to receive several thank you letters each day from Forex traders who have benefited from our service.
The World Loves Dux Forex! You'll See Why!
Trading Performance Since 2009.

admin

What You'll Receive.
When you sign up with us, we make sure you're equipped with the best tools. Know that you'll be receiving Forex signals from some of the most experienced traders. We'll be trading the market with you and many tens and thousands of other subscribers will be following the same signals as well. If you're wanting accurate Forex signals, whether you are a newbie or an experienced trader, Dux Forex is what you need. We are confident in our service and our success is very real. With e-mail and mobile alerts, it is very easy to profit from our signals. Leave the hard work to us and enjoy the benefits.
As a member, you will receive signals that include Entry, SL and 3 TP on most major currency pairs. We carefully analyze the market conditions and only send signals on the pair(s) with the highest probability of success. All trades are articulately calculated and researched. Economic news, price action, candlestick patterns etc are what we base our signals on.
Download and install our free Dux Forex Notifier app on your phone. Whenever any signals or important news gets released, you will receive alerts. The notifications will play sound and vibrate. Our app can be downloaded free from Google Play and iTunes.
EASY USER INTERFACE.
Our Forex signals user interface is very easy to follow. Each entry will have its own column which will be labeled accordingly. Based on the information there, you place the trades on your platform. Everything will automatically refresh without you needing to reload the page. It will also adjust to your screen size.
All information including the latest strategies, newly discovered breakthroughs and more will be available to you. Dux Forex also has a research team that is always looking for ways to better a traders experience. A member can also choose to receive alerts when things get posted.
FREE UNLIMITED UPDATES.
Any updates or service upgrades will be provided to you FREE of charge. When new features are added to the Forex signals interface or when any type of upgrades is implemented, you never have to worry about any fee increase. You can enjoy all the benefits.
GREAT CUSTOMER SUPPORT.
We guarantee friendly, efficient and overall great customer support. Everyone on the Dux Forex team has a great deal of knowledge on Forex. Our replies are fast and informative. We want to provide you with the best experience as possible and we would love to hear from you should you have any questions or comments.

admin

Best Forex Robots For 2019 Performance Comparison.
The table below is a list of all the most popular commercial Forex robots that trade the Forex market automatically, sorted by highest gain percentage by default. You can click each of the column headers to sort by each respectively. Please be sure to read any red warning indicators for each robot as some have manipulated results. Finding the best Forex robot can be hard, but with this table you can compare live results from the top Forex eas on the market. Here you can quickly eliminate many robots that would other wise look rather appealing at first glance. Any robot with a red indicator warning should almost always be avoided. The chances of you replicating the kind of results they have are next to nil. These warnings will range from things like a scalper on a demo account, which is a guaranteed way to be tricked into buy a garbage EA. Another warning is a history of manipulated results like an EA vendor being in a partnership with a broker to give favorable results.
Right now the top performing EA is Forex Flex EA, which has held the spot for almost 2 year now which is impressive to say the least. It offers 12+ built in strategies that come pre-optimized that you just select and it trades. You can see some of these various strategies and their results in the table below. It also comes with a ton of settings for advanced users to create their own strategies if needed.
All of the ratings are user voted averages, which gives a great sense of what the public is experiencing with these top expert advisors. If there is an robot missing on this best Forex robot table, please leave a comment naming it and I will do my best to have it added.
Name Website Gain Monthly Daily Days Drawdown Trades Per Day Profit Factor Rating Chart Flex EA (Default) Review +9210% 6.41% 0.21% 2190 40.36% 0.54 1.45.
Keltner Pro Review Another Doug Price manipulated account, Do not buy his products! Another Doug Price manipulated account, Do not buy his products! --> +5645% 11.90% 0.20% 2041 58.74% 0.49 1.14.
REV Trader Pro Review Manipulated results via partnered broker. Do not trust the results from this account. Manipulated results via partnered broker. Do not trust the results from this account. --> +3474% 9.65% 0.17% 2126 24.25% 0.44 1.57.
Forex Growth Bot Very risk highly volatile strategy, over 94% drawdown! Very risk highly volatile strategy, over 94% drawdown! --> +2644% 5.97% 0.10% 3260 94.46% 0.88 1.10.
Channel Trader Pro (Vendor) Review 200 Pip SL with only 11 pip TP 200 Pip SL with only 11 pip TP --> +2137% 9.23% 0.16% 1998 33.68% 0.29 1.92.
Vortex Trader Pro (Vendor) Review Yet Another Doug Price Scam Product Yet Another Doug Price Scam Product --> +2131% 6.86% 0.13% 2359 27.67% 0.20 1.93.
Pivot Trader Pro Review Manipulated results via partnered broker. Do not trust the results from this account. Manipulated results via partnered broker. Do not trust the results from this account. --> +926% 7.66% 0.12% 1895 24.12% 0.26 4.01.
Forex Hacked Pro Review +404% 9.24% 0.06% 2594 68.38% 1.80 1.69.
Flex EA 6x Triple Up Review +340% 29.49% 0.09% 1718 35.68% 0.98 2.26.
EOS Forex EA Review Asian scalper, you must have a very good low spread low latency broker. EOS hasn't been performing well in 2017 though so be careful! Asian scalper, you must have a very good low spread low latency broker. EOS hasn't been performing well in 2017 though so be careful! --> +286% 4.18% 0.11% 1189 50.90% 0.86 1.20.
Flex EA Correlated Hedge Review +213% 49.32% 0.12% 937 32.07% 0.50 1.48.
Flex EA Low Risk Default Review +116% 2.99% 0.10% 1495 92.14% 0.14 3.10.
Einstein Trader Review another scalper, and history is hidden, be careful with this one! another scalper, and history is hidden, be careful with this one! --> +40% 10.99% 0.02% 2082 9.98% 0.04 1.91.
FAP Turbo 2 Review No longer profitable! Uses Asian scalping which brokers are now fighting! No longer profitable! Uses Asian scalping which brokers are now fighting! --> -0% -0.01% 0.00% 2060 79.54% 0.36 0.83.
Forex Diamond EA Review scalper, performs poorly on real accounts! scalper, performs poorly on real accounts! --> --99% -84.50% -0.34% 1497 99.39% 0.19 0.42.
Evertech Forex Robot Review --99% -73.55% -2.39% 953 59.43% 0.57 0.21.
Delton Pro EA Review Dangerous martingale, very expensive! Dangerous martingale, very expensive! --> --99% -48.20% -1.40% 1210 17.47% 0.39 0.61.
Everex Elite Review Arbitrade ea, it will only work on demo! Arbitrade ea, it will only work on demo! --> --71% -5.32% -0.06% 2001 76.95% 0.50 0.90.
Happy Gold Review Arbitrage ea, it will only work on demo! Arbitrage ea, it will only work on demo! --> --42% -13.44% -0.24% 901 48.57% 0.12 0.68.
Million Pound Robot Review --55% -15.30% -0.08% 945 82.14% 0.10 0.84.
Forex Earth Robot Review --9% -1.66% 0.00% 1927 14.71% 0.05 0.60.
Volatility Factor 2.0 Scalper with at least a 55+ pip SL, you will need a very good broker for this to be remotely profitable. Scalper with at least a 55+ pip SL, you will need a very good broker for this to be remotely profitable. --> -0% -0.07% 0.00% 542 60.69% 2.58 1.00.
Terminology.
Review - This column contains a link to the full review of each respective Forex ea, and any potential warnings about it as a red exclamation mark.
Gain - The total overall gain in percentage the Forex trading robot has achieved on it's initial starting balance. This is obviously the first thing traders will look at when analyzing trade results of any Forex trading bot.
Monthly - The average percentage you can expect to achieve from this Forex robot. Be careful of new accounts with only a few months history and high gains, usually not sustainable. Also be wary of gains of 100% or higher per month, these kind of gains from any Forex expert advisor are definitely not sustainable long term.
Daily - Same as above, but on a daily basis of how much each fx robot has done in Forex trading on a live account, or demo account.
Drawdown - This is the biggest floating loss the Forex robot has witnessed during the life of that account. If an account has a 60% max drawdown, that means if the account balance is $1000, then at one point the expert advisor had -$600 in losing trades open at once.
Trades per day - The average number of traders per day the fx robot opens.
Rating - The average rating based on user submitted reviews/ratings which is a good indicator for finding the top Forex robot.
Chart - This is the equity growth the Forex ea has achieved throughout the accounts life.
Forex Scalping / Scalper - This refers to scalping tiny little profits from the market trying to get in and out as quick as possible. The trouble with these strategies is they work great on demo accounts which vendors love to show, but when you run them on a live account , the results are completely different and much worse. This is due to higher variable spreads, swaps and commissions that you don't see in demo accounts. A Scalper EA is one of the more popular used scams by vendors to show great demo results.
Forex Brokers - This is where you need to open an account, and fund it with real money in order to trade. Here is a list of the top MT4 Forex brokers.
Live Account - This refers to a real account with real money and real profit, not a demo account where fake money is traded and results are always more favorable. Trade results from Forex expert advisors will always be better on demo accounts compared to live accounts.
Stop Loss - When to cut your losses on a trade. This usually refers to a pip based loss.
Take Profit - When to close your trade in profit. Again, this usually refers to pip based.
Trailing Stop - This means a stop loss that moves up as the price moves in favor of your position, so if the price does reverse, your stop loss is much less than originally set and possible even in profit at that point. Any good fx robot should have some sort of trailing stop feature.
Curreny Pairs - These are the pairs traded by each fx trading ea. Scalpers often trade low spread major pairs like EURUSD.
Forex Indicator - A Forex indicator is used to interpret price data and patterns. Many popular Forex ea's will use a combination of Forex indicators like moving average, bollinger bands, stochastics, Forex trend detection and many many more.
For even more, check out ForexFBI's Best Forex Robot comparison.
Other Forex EA's Reviewed.
Tags: trades Forex, robots ea, Forex trader, auto breakout, Forex signals, price action, traded account, fx trader, fx ea.