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Forex Tips

Take a look at our Free Forex Tips and become a better Forex trader today. From trading psychology to trading strategies our free Forex tips are sure to help you achieves success in Forex.

Forex4Noobs New Stuff: Pip Value Calculator

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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.

Why the “Holy Grail” of Forex Trading Doesn’t Exist, and What to Do About It…

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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.

Always Have a Backup

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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…

Forex Tips: Master Candle Indicator (freebie)

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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

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15min Trendline Bounce Trading – Mini Webinar

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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

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Forex Robot World Championship – Forex for the Stupid

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Scientific method – Scientific method refers to a body of techniques for investigating. To be termed scientific, a method of inquiry must be based on gathering observable, empirical and measurable evidence. In other words, you develop and theory and using the scientific method you rigorously test the theory in an attempt to prove it valid. Now let’s talk about the Forex Robot World Cup. Heard of it? In case you haven’t this is what the

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Forex Tips: Online Broker Reviews Suck

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Have you ever posted a review for a Forex broker, product or site? There are heaps of Forex review sites out there that allow any user to post reviews. From the big boys like ForexPeaceArmy.com to the smaller guys like ReviewPips.com and ForexReviews.com. These review sites can be pretty useful when it comes to buying Forex products. However, if you’re looking for broker reviews these sites are worse than useless! It is not the websites

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Forex Tips: Entering Breakout Trades

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Ever since I opened Forex4Noobs.com people have been asking me how I know when to enter a line break. This is because I do not enter all scalp/constant line breaks. Sometimes I do not enter simply because the trade doesn’t look right! So naturally newbie traders are curious as to why I sometimes do not take bad trades. And when they ask me I always say I know because of “intuition based on years of

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CFTC vs FXDC – Battle for Fair Leverage

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CFTC = A US governmental body that seeks to regulate and monitor financial markets. However, like any government body the CFTC is inept. It is run by imbeciles who know little to nothing about what they’re trying to regulate. FXDC = The Forex Dealers Coalition is comprised of the big boy brokers in Forex: GFT, FXCM, FX Solutions, FXDD, CMS, Oanda, IBFX, Gain Capital, Alpari US, and PFG. Between them these brokers have billions in

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Writing a Forex Trading Plan

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I must admit, I became a successful trader without a trading plan. I also ran this site for 2 years without a plan. And in my life I plan next to nothing. I always thought that plans were useless and that I did not need them….. I was wrong! Your Forex journey will be much easier and much more successful if you have a proper plan in place. However, very few websites tell people how

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