Trade Man -Forex Money Management Indicator
March 31, 2010 by admin
Filed under Fx Forex Trading Reviews
Today we show a commercial product rather than one of the free indicators on our site at www.forex-tools-cafe.com Trade Man (short for Trade Management) is a compact display of your trading situation. It shows what you have to risk based on your account size and your desired maximum risk percentage. It also keeps a running tally of your open trades across any currency pairs. The money is always shown in your account deposit currency even if you are trading two other currencys. It tells you the combined risk of all open trades. It does not limit your trading, it just shows you your status and helps you stay safe. The Forex market is dangerous if you don’t know what you are doing. And when you watch several pairs, it’s easy to exceed your risk limits unless you keep up with it moment by moment. Trade Man shows you what you need to know and it is cheap. $18. Most of the indicators on our site are free, only a few have a cost and we try to keep that low and restricted for those we create or totally redo. If I just add functionality, it will probably be free. I invite you to the site, see if anything is interesting and download the free stuff. The only other product on site that stands along is the screen capture indicator that takes a picture of the screen every time you trade or close a trade. It also writes data to the screen before the capture and then removes it after the picture is saved so you have a clear picture of what was going on when you pulled the trigger.
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Forex Secrets – Using Metatrader 4 (Part 2 of 3)
March 31, 2010 by admin
Filed under Fx Forex Trading Strategies
Good video for new Forex traders on how to Use Metatrader 4. (Part 2 of 3) Get a copy of metatrader 4 at www.fxdd.com
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One way to become rich?
March 31, 2010 by admin
Filed under Fx Forex Trading Tips
Some people say there is no formula to become rich. Well, de facto there is such a formula. It’s called “geometric progression”. Take for example the order of numbers: 2,4,8,16- what is obvious when looking at them? Well, its seen that evey number is multiplyed by a fixed ratio: 2×2=4; 4×2=8; 8×2=16. The common ratio is 2.
So, lets try to bring this simple formula into reality and business.
Assuming you have only 1000$ to start investing in stocks or forex. Then you choose to trade on a low margin and trade everyday (this things arent that important in the case)
So, you want with your 1000$ to gain 20% every month and then reinvest the total gain for the second month.
So, you will be surprised what is the result:
1st month (end): 1000$ invested – 1200$ gain
2nd month: 1200 invested – 1240 gain
3rd month: 1240 invested – 1448 gain
(6th month: 2500)
Each year you will have:
1 year: 7500
2 year: 66 00
3rd year and 5 month: over one million dollars.
Thanks alot 
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06 09 09 Spanton forex recap1
March 31, 2010 by admin
Filed under Fx Forex Trading Tips
www.globalfxradio.com
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What Forex broker has the best spreads/commissions combination?
March 30, 2010 by admin
Filed under Fx Forex Trading Strategies
Most Forex brokers have spreads of at least 2 pips on EUR/USD and many are 3 or 4 pip spreads. I’m currently using Interactive Brokers whose spread on EUR/USD runs about 1 to 2 pips plus a small commission. Are there any Forex brokers that are better?
Dre Dude. Thanks for the feedback. 56 points is horrible, but I did see that spike Friday afternoon in the charts. I guess that could happen in a volatile moment.
I’m not trading right now so I wasn’t affected. I’m trying to get my automated system running in paper trade mode first.
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