Michael - Forex Trader Portal

Is it worth trading exotic currencies: the pros and cons

November 29, 2024 by Michael Leave a Comment

Hello fellow traders! Most of the attention in the Forex market is paid to major currencies. This happens for simple and understandable reasons: high liquidity, relatively low volatility, protection from local crisis phenomena. However, each of us, to one degree or another, tracks at least one exotic currency in which the money of our own … [Read more…]

How do Crypto Whales affect the price and why should traders monitor them?

November 22, 2024 by Michael Leave a Comment

Hello fellow traders! Cryptocurrencies are increasingly entering our lives. In today’s article, we will touch upon a very interesting topic related to large holders of relevant assets (primarily bitcoins). They are called “Crypto Whales”. We will figure out who they are, how to track their actions, and also try to benefit from this information. As … [Read more…]

How to choose a reliable broker? Psychological mistakes of a trader

October 11, 2024 by Michael Leave a Comment

How do traders choose a broker? What do they base their choice on? Let’s talk about the psychological mistakes that brokers use to get attention. Today I will consider the problem of trader psychology when choosing a broker. Let’s talk about how to avoid all marketing pitfalls and increase your deposit, or at least keep … [Read more…]

Best Forex Robots 2021

October 4, 2024 by Michael Leave a Comment

Hello friends, Forex traders! Well, a long time ago I wanted to make this review. This article brings together the most stable, time-tested Forex robots, usually with simple rules and understandable ideas. If you expect to see grail robots here - I will disappoint you. They are not here. And don’t believe those who are … [Read more…]

Repainting indicators - is it always bad thing?

September 27, 2024 by Michael Leave a Comment

Almost every newbie is sure that somewhere in the secret sections of thematic Forex forums there are grail-indicators that give extremely profitable signals. Those who are looking - will always find, and indeed, over time, they find expert advisors or scripts that show exceptional results on the chart. Often such amazing results are the result … [Read more…]

Does the random skipping of trades affect the overall result of the strategy?

September 20, 2024 by Michael Leave a Comment

If you do not trust all these robots and trade with your hands the old fashioned way, then you are familiar with the situation when you were distracted from the monitor for a minute and missed an extremely profitable trade. You’re probably very sorry at times like this and angry with yourself and the distractions. … [Read more…]

How to set up monitoring of your account on MyFxBook

September 13, 2024 by Michael Leave a Comment

I think many of you have heard more than once about the importance of keeping a trading diary. Keeping track of and analyzing the trading activity on your account, whether you trade with the help of advisors or manually, is very, very useful. But if you analyze reports from the terminal manually, it will be … [Read more…]

Forex cent accounts - what are they and why are they needed?

September 6, 2024 by Michael Leave a Comment

Hello everyone! Many novice Forex traders do not fully understand the difference between standard (classic) and cent accounts. Therefore, I decided to write this little article in order to clarify. In this lesson, we will analyze: where to open a cent account, what it is, and in what cases you need a cent account, even … [Read more…]

Five Signs of a Useless Forex Indicator

August 30, 2024 by Michael Leave a Comment

Hello, fellow Forex traders! Modern trading platforms allow you to analyze and predict the movements of currency pairs using indicators. Metatrader 4 terminal, widely used on Forex, contains about 50 such instruments. This number can be increased to theoretical infinity thanks to the built-in MQL4 programming language. But a large number of indicators does not … [Read more…]

Montag Expert Advisor - Profit on Mondays

August 23, 2024 by Michael Leave a Comment

It’s no secret that Friday and Monday are special days in Forex. The beginning and end of the trading week are fraught with many tricks and patterns associated with them. One of such interesting Monday patterns is used by the Montag EA. Moreover, the pattern has an extremely high winrate. In the review of the … [Read more…]

Forex - Trading Strategies, Robots, Indicators, Lessons

Author: Michael