What is negative balance protection in Forex? Negative balance protection means if the markets move rapidly against your position, you will not lose more than your deposit. Since the swiss franc crash in Jan 2015, the phrase ‘negative balance protection’ has become popular in the retail Forex markets. In this article, we’re going to talk… Read More: Negative balance protection in Forex »
What is a low spread Forex broker? A low spread Forex broker is one who gives you the smallest difference price between the Bid and Ask price. The smaller the distance, you can buy lower, and sell higher, as compared to a broker that has a higher bid and ask price, Correct? The key benefit… Read More: Low spread Forex broker – What is that? »
How to fix corrupted history data in MT4 / How to fix gaps in MT4 data A question about how to fix a corrupted history data file was posted in a facebook group I’m in and I’d like to share the solution to fellow MT4 users who may have encountered the same issue. This person… Read More: How to fix corrupted history data in MT4 »
Mechanics behind not trading against a trend We’ve all heard of the warning not to trade against the trend. This guide explains in layman terms why. Explanation The short and sweet answer is that in an uptrend, there will be buyers below. In a downtrend, there are sellers above. So you could try to trade against… Read More: Mechanics behind not trading against a trend »
How to trade Forex economic news? Refer to our Forex news calendar In general, if the actual data is better than the expected data, the related currency pair will strengthen, vice versa Only trade news of high importance (3 bulls) Draw support & resistance lines on H1 charts (using open & close prices, not high… Read More: How to trade Forex Economic News »
Lot sizing and money management for beginners We’ve all heard that we should risk a maximum of 2 to 5% of our capital per trade. While that is true if you’re a seasoned professional trader, recounting my own experience, the beginner should risk much less when starting out. From my own experience, risking even 1… Read More: Lot sizing and money management for beginners »
Which deposit currency should I choose? When traders first start out, many choose USD as their account’s base currency even when their broker offers accounts in their home currency — it feels good to earn in a “bigger” foreign currency. If your home currency trades at, say, 1.3 to the US dollar, every 1 USD… Read More: Which deposit currency should I choose? »
Just yesterday, I was having a discussion with a trader who uses Abundance Trading Group’s discounts. He mentioned to me that he was slipped >20 pips on his stop loss order on a news event. He trades mostly on the daily time frame. I advised him on a various ways he could minimize slippage and this… Read More: How to avoid or minimize slippage in Forex trading »
Forex brokers with best VPS bundles This post has been updated on 8 Sep 2018 to reflect the latest VPS sponsorships available. A few clients have asked me my opinion on the best VPS bundles that brokers offer. For those of you that do not know what a VPS is – read my detailed post… Read More: Forex brokers with best VPS bundles »
What is Last Look in Forex? Last look in Forex is simply the ability for the liquidity provider filling your trade to reject your order, although you might already have hit his price. For example, liquidity provider A (LP A) places a BUY limit order at 1.3500 for EURUSD for 10 lots. You decide to… Read More: What is Last Look in Forex and how does it… »