How good is a trading system? How can you compare the performance of two different systems and make a judgement as to which you would rather trade? Originally published in “Traders Magazine”, in this article I explore the various different ways of assessing the merit of a trading strategy. Strategy […]
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There are plenty of forex news portals around besides Forex Live but this is the one that I use to keep in touch with what’s going on in the forex world. It’s a pretty straight-forward site with one central page where all the latest news and comments come up in […]
A short while ago I wrote about the differences between the two main forex broker types, namely ECN brokers and Market Maker or Single Counterparty Brokers (see here). At the time I said that the problem with a Market Maker broker is that they’re taking the other side of your […]
There’s a rather nasty “gotcha” that one has to look out for when working with MetaTrader. It’s to do with iterating through a list of orders when you’re actually making changes to the order list. Take a look at this code to cancel all pending open orders. void CancelOpenOrders(){ […]
Is trading like poker? A strange question you might think but actually there are a number of similarities and making the comparison can help improve ones trading strategy. Adam Hartley explores the similarities and differences between the two and finds that learning about poker can improve trading performance. There has […]
This is one of a series of articles about useful trading web-resources. This time it’s Forex Factory Forex Factory almost needs no introduction as I expect that almost everyone knows about it. However, for those that don’t it’s probably one of the largest and longest established forex trading portals around. […]
Retail traders are these days very much aware of the different spreads that brokers offer but a surprising number are completely ignorant when it comes to the cost of carry, or swap rates that are charged when positions are held overnight. Whenever you hold a forex pair overnight you should […]
A quick tip for beginners who are using Metatrader 4. If you’ve got two opposing hedged orders, say long 1.0 lots of EURUSD and short 1.0 lots of EURUSD then of course you are hedged. However, if you want to close out both positions rather than legging out of them […]
When you search for reviews of forex (or any broker) on-line you’re often left none the wiser as you just don’t know whether it’s a genuine independent review or something spammed up by the brokers themselves. I’m only going to review brokers that I’ve personally used and I can confirm […]
Forex trading has come a long way for retail traders over the last few years. I remember starting out with CMC brokers a good fifteen years ago. They had a spread you could drive a truck through but they were one of the first outfits which catered for retail forex […]