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Where do I learn Forex Trading?

The foreign exchange market or Forex, is open game for anyone wishing to make some money based on speculation about the worth of the world’s currencies on a daily basis. For this you would have to become a day trader, whose basic job is to buy and sell financial instruments such as stocks, derivatives and currencies within the same day, making money on the profits and sometimes sustaining losses in the process.
Figuring out how to start learning Forex ...

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Why is Forex so popular?

The Forex market has made itself popular amongst people who fancy themselves as risk-takers as it involves a lot of uncertainty which many overlook keeping in mind the rewards they can reap when their speculations on knowing when to buy and sell hit home.
The Foreign Exchange Market deals in all of the currencies in the world and sizes them up against one and other on a continuous basis. An example of this can be when a certain ...

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Can I make money in Forex?

Making money in the Foreign Exchange is not simple or as easy as it might look from an outsider’s perspective. Many traders in the Forex market make tidy profits that look appealing to many people who want to get started in the moneymaking business. However if you are aspiring to become a day trader in the Forex, keep in mind that the results vary from person to person in the market.

Some traders swear by day trade claiming that you ...

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How to choose the best Forex Broker?

Choosing the best Forex broker is essential before you foray into the world of Forex trading. Most amateur traders end up paying absurd amounts of fee to Forex brokers who are flashy and well advertised, without knowing their actual capabilities, which results in them being on the receiving end of abysmal services.
Professional traders are very involved in the Forex trade and as their prime business partner are Forex brokers, they would choose who they partner with, with ...

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What is Forex?

FOREX is the abbreviation for “Foreign Exchange”, which is also known as the currency market. The basic activity that takes place in Forex is the trading of one currency for another, which is one of the largest businesses of the world today.

Traders active In the Forex markets usually just opt for the basic transaction in which they get a foreign currency exchanged for the one that they want. These are usually owners of multinational corporations who have to pay ...

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Price action indicator?

Price action trading has become one of the most widely used methods by FOREX day traders as well as position traders worldwide. This popular forex trading approach, which is all about basing trading decisions on a clean price chart analysis with no indicators whatsoever, is often misunderstood by many. Although most, so called, price action trades know that they should not use any lagging indicators, they are often not aware of the fact that they should also get rid ...

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Renko & Tick charts for MT4 – FREE Trial

You can download a FREE trial version of the Renko & Tick charting plug-in for Metatrader4 from google drive.

However, it is highly recommended to use the Ultimate Renko plug-in as this is the one that is up to date and enables creating every renko variation you will ever need in your trading.

The latest version can be downloaded from the Ultimate Renko product page: https://www.az-invest.eu/median-renko-plug-in-for-metatrader-4

If you are looking for the MT5 version, please go directly to the MQL5 ...

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EA stops after one trade on backtest…

Q: “The backtesting script works fine for USD based currency pairs but if I use any other pairs, Yen based or other cross it gives a “exchange rate cannot be calculated error”.  
I see this on every EA that I test if the currency is not USD based.  Any ideas?

A: This is an MT4 limitation (occurs when you’re not connected to the broker’s server) when testing a non USD pair with a USD account (or a non EUR ...

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