One of my brokers (IBFX) has a Candlestick Pattern Recognition indicator that can be attached to your charts. It alerts you when any of the following candlestick patterns arise, and gives advice on what this means to your trading. While I don’t use these candlestick formations alone to determine my trades, it can be very [...]
There must be some reason some Forex traders are more successful than others. Put another way, if two Forex traders were trading the same Forex trading system, why would one gain huge profits and the other struggle to break even? You would think the same system would yield the same results, but it is just [...]
Mechanical Forex Traders are great at following rules. As a matter of fact, that is all they do. They find a Forex trading system with a set of rules, they set up their charts and they make trades according to the rules of the system. And don’t get me wrong, this is a very safe [...]
Having a trading system is essential for becoming a successful Forex trader. And the advice is always to have a plan, and stick to it. But sometimes sticking to your plan means you are leaving a lot of profit on the table. In this post I want to show the power of split testing your [...]
Forex is a really big topic right now, and more people than ever are interested in making money trading currency. And the purpose of the Forextradinglab.com blog is to help you (and me), identify profitable Forex trading systems, signals and automated Forex robots. But I think I can do much better than that? You see, [...]
One of the best ways to trade the Forex Market is to use a mechanical Forex trading system. By that I mean, follow a predetermined set of rules that dictate when to enter a trade, money management and when to exit the trade. Basically, you just look for the set up according to the rules, [...]
There are a lot of different ways to prosper by trading currency in the Forex market. But when you break it down, most tactics boil down to either placing the trades yourself according to predetermined rules (Mechanical Trading), or having a “robot” place the trades for you. Now, I’m not going to proclaim which method [...]
Looking for the best automated Forex solution I’ve found so far… click here! There are a lot of people looking to get into the Forex market now that are looking for good Forex trading advice. After all, trading Forex is a great way to make money through currency trading, regardless of the economic climate. There [...]
If you would have told me 10 years ago that I would be interested in trading currency on the Forex Market, I would have told you, “You’re crazy!” I guess at the time I was brainwashed into thinking the only way to make money was to trade time for money. “Having your money work for [...]
