Hey Guys, Just a quick video here with a cool little MT4 tip which makes installing and managing indicators a lot easier. Hope this helps! Do you like this tip? Then leave a comment and say thanks! And Tweet about it or Facebook it. The more comments you leave, the more people will see it.
Welcome to Forex, the land of easy money. By trading Forex you can become a millionaire overnight. Are you ready for it? Ok, time to wake up. Forex will not make you rich quick. If you are new to the Forex market and you think you have struck gold it is time for a reality check. I am not writing this to discourage you from trading. I am writing it to give you a more
Guest post by Kris Matthews I feel that something equally important as the strategy that one uses to trade with is psychology. Trading (especially forex) is not an easy profession and it can be disheartening when losses occur. I wanted to give you something to look forward to so you know what’s required to become successful. Traders often pass through a series of 5 stages before becoming successful. In order, these are: 1. Unconscious Incompetence-
Recently I visited a Forex anti-scam forum and I was literally shocked by how many people get scammed by their brokers. These brokers take your money, allow you to trade, but when it is time to cash out your money they give you nothing but excuses.
You’ve probably heard the advice to not “chase the market” but also heard the advice to not “catch falling knives.” The former refers to getting into a trade after price has already started moving very fast, while the latter refers to trying to buy at what one may think is the bottom of the market. So what does one do- buy dips or buy when price is moving up? Why do the things in life with largest potential rewards have to be so contradictory?
When I talked about updating Forex4Noobs I said a lot of changes were coming. So over the next few weeks I will be making some posts showing you some of the new features I have added to Forex4Noobs.
Let’s start with the calculator’s. With a lot of help from a member of Forex4Noobs we have built a cool Pip Value Calculator. There have been many times when I have asked myself “if I trade x number of lots how many dollars will I make per pip?”. I usually have to figure it out the hard way.
Something that really humors me is the human tendency to search for the “holy grail,” the “magic bullet,” the “surefire strategy” that will bring them profits no matter what, and not require them to even think. However, when asked whether certain traders believe it exists, they say “No” on a conscious level but subconsciously are looking for that invincible, plug-and-play strategy.
This is just a quick note on trading. I wrote this in answer to a question a newbie emailed me. Don’t put all your eggs in one basket. That and a million other clichés can be applied to your trading. While most of them are pretty useless this is one of the rare clichés that helps. It is no secret that when it comes to trading newbie’s waste a lot of time looking for a trading system…
Hi Guys, You may be thinking something like “Nick is giving away an indicators??? Since when does Nick use indicators?” well this is not really an indicator. It is just a cool little tool for MT4 and GFT that plots Master Candles for you. I have no other name for it so I just call it a Master Candle Indicator. Master Candles I certainly didn’t invent Master Candles, they have been around for a long
Hey Guys, Better late than never! I have found some time to encode, upload and release this mini webinar I held on the 15th of March in the Forex4Noobs chatroom. The webinar was not really planned out and I just rambled on for about 40 min. I really should do a full webinar on this subject at some point and I probably will. However, for now here is the mini webinar. Trend Line Reversal Mini