FAP Turbo Keeps On Rockin'! — It looks like my new optimized settings for FAP Turbo are working! It's brought my trading account balance from a loss of -20% in early August back to an overall positive ROI of +40%. Not such a bad turnaround in ...

Forex Combo System added to my Live EA testing lineup — Forex Combo System has been added to my live EA testing lineup. So far, so good. My trading account balance is up 12% after only 10 days of trading (please see attached image). Let's see ...

The Drawbacks of Demo Testing — Ever notice an EA that performs exceptionally well on a demo account, only to fail miserably on a live, real-money trading account? Well, that's because most EA's are scalpers, and scalping strategies depend on ...

6 out of the 7 EA's I am currently testing are in profit. Btw, all my testing is done on live, real money trading accounts, and I provide my Investor Password to each account as proof.

Even if you're using forex robots to trade, there can be a huge difference in performance between a robot trading on a demo account and one trading on a live account, even with the same broker. Most robots are scalpers, which makes them very ...

Excellent response...I totally agree.

RSI and Stochastics are oscillating indicators, meaning they work best in ranging markets. When a market is in a trend, these indicators can show being overbought/oversold for a long time. In other words, these indicators don't work in trending ...

It looks like a pullback on an uptrend...a good setup to go long IMO.

It's all about money management and testing for legit systems... — I understand where you're coming from. However, I continue to have faith that there are at least a few legit automated systems out there... ...and I intend to find them (please ...

The answer for most traders is "Yes" — The common statistic out there is that anywhere from 80% to 95% of forex traders lose money. That stat by itself suggests that trading IS hard for many traders. The next question, then, to ask ...

In general, the two are inversely related, meaning the lower the market liquidity, the higher the volatility in price movement, and vice versa. When there's low trading volume (i.e., low liquidity), lots purchased (or sold) will have more influence ...

I second that. It's definitely a bad idea to depend on forex trading to pay your bills. When you put that type of pressure on yourself, it will affect your judgment when you trade. Forex trading is hard enough. By depending on it to pay your bills, ...

1. Financial Independence. 2. Emotional trading is my biggest obstacle. It's what most traders struggle with. It's a constant battle not to get too greedy nor too fearful while trading. 3. The most important thing for any trader is to always follow ...

Excellent post, redlion. I couldn't have said it better myself.

"Currency Trading for Dummies" (part of the "Dummies" series of education books) is an excellent book to begin learning Forex. You can also check out my website (link in my signature below), where I also provide education and resources for forex ...

I totally agree. For all new traders out there...Don't give in to the hype, regardless of what marketers say. Forex trading is difficult. Even trying to make 5% a month is difficult. This assumes you are able to make consistent profits. That's a ...

Inflation is a complicated topic, but I'll try to simplify it for you... Inflation occurs when a country's economy grows too fast. Essentially, the economy becomes "inflated". This is actually bullish for the country's home currency because the ...

BPC pattern = Breakout. Pullback. Continuation. For example, price could be trading in a range, testing support and resistance. When it hits resistance again, it manages to Breakout. It eventually pulls back to test the resistance (now support) ...