Grid / Hedge

The main idea behind this EA is to draw a hedge like HedgeEA, between two currency pairs, and then draw grid's on top of this hedge. There are many ways of use of this EA, maybe in the future we could automate all this but for now let keep it manual.

Currently the EA has the ability to redraw the grid closer to the price if the Price moves behind the Pip Divergence parameter.

For example:
We use a GBPJPY / CHFJPY with a 10 pips grid Offset and 50 pip divergence.

What this will do:
It put orders for the hedge, the place pending orders for the grid and then imagine that the price drops 60 pips on GBPJPY it will delete the grid for this pair and redraw the grid closer (10 pips) from the price to capture profits quicker. The same can happen on the opposite pair.

It is hard to try to explain this way, but I could try to do best if some of you did not understand the logic behind this.

Regarding the grid, the main idea must be to not allow the grid to have more than one position open without SL. This SL can be set by breakeven or when another position is open.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

Are You a Technician or Fundamentalist?

There's a tendency to pigeonhole traders into two distinct schools: fundamental or technical. In fact, most smart traders favor a blended approach versus being a purist of either type.

Fundamentalists need to keep an eye on signals derived from price charts, while few technicians can afford to completely ignore impending economic data, critical political decisions or pressing societal issues that influence price action.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

Basic Introduction To Forex Trading

Forex trading in simple words means trading with currency. Forex, FX, Foreign exchange, it means trading with currency and right now it’s the fastest growing market in the world. Trillions of dollars are traded every day. The main players in this market are banks, investors, hedge funds and regular people who are interested in taking a bite from this trillian dollar market, regular people like me and you.

The purpose of Forex traders is to get profit from buying and selling foreign currencies (also gold and silver). For example you can use Euro to buy US dollar or you can sell Euro for Yen. The exchange rates are constantly changing due to demand and supply, world news, stuff happening in politics.

The main idea is of course, like with any investing objects, to buy cheap and sell high and to take profit in between. Compared to the stock market forex is a 24/7 market.

In order to successfully trade in forex market, you definitely need to know the overall basics of investing and market analysis. You also need to get familiar with the structure of forex, the different mainly traded currencies, how and why the prices changes exactly, what are the main reasons behind the price changes, what affect them; what are the principles behind the price formations; what are the risk levels; how and where can you get the information to minimize your risks; how to analyse the currencies; how to predict price movements. So there is lots of things to know before you can actually start trading.

Forex trades (trading on board internet platforms) are non-delivery trades. This means that currencies are not physically traded. Instead there are currency contracts which are agreed upon and performed.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

Different Types of Bars

Bar is a bar with a higher high and higher low than the previous bar. The bars marked off are in an uptrend. Notice how the close is higher than the open until what turns out to be the last bar of the trend where the close is lower than the open. There were more sellers then buyers on the last bar.
Down Bar is a bar with a lower high and lower low than the previous bar. The bars marked off are in a downtrend. Notice how the close is lower than the open until what turns out to be the last bar of the trend where the close is higher than the open. There were more buyers then sellers on the last bar.

Inside Bar, also called a narrow range bar, is a bar with the high that is lower than the previous bar and low that is higher than the previous bar. Some traders do not consider an inside bar that has either an equal high or an equal low as an inside bar, others do. Inside bars usually represent market indecision. As on any bar, the closer the open and close are to each other shows just how undecided the market is as neither the buyers or sellers are in control. Buyers are in control on the inside bar marked on the chart because the close is at the top of the bar.

Outside Bar, also called a Wide Range or Engulfing Bar, is a bar with a high that is higher than the previous bar and with a low that is lower than the previous bar thereby engulfing the previous bar. Since the open and close are close together on the marked bar, neither the buyers or the sellers are in control and the market is undecided which way to go.

When the open is in the bottom quarter/third of the bar and the close is in the top quarter/third of the bar, it is said to be bullish engulfing with the buyers in control. When the open is in the top quarter/third of the bar and the close is in the bottom quarter/third, it is said to be bearish engulfing with the sellers in control.

Another definition used for this bar – especially if candlestick charts are used - is that the open and close have to engulf the previous bars open and close and not just the high and low of the bar. With this definition, the wide range bar or engulfing bar does not need to have a higher high or lower low to qualify. The first definition most probably came about with bar charts where it is harder to notice the open and close.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

Does Your Forex Broker Immediately Offset Positions With Their Clearing House or Do They Actively Take Positions on The Other Side of Their Clients' T

Remember even if the forex broker review passes the transaction on to a clearing house or clearing broker, your forex broker review is your only counter party. You trade EUR/USD. You buy, broker sells. You win, broker loses. You lose, broker wins. We have shown you in the leverage in forex example that it is a good business model for the forex broker review to take the opposite side of a trade of a highly leveraged speculator and that based on statistics those highly leveraged speculators generally lose.

Find a broker where you can trade with low leverage, definitely lower than 300:1 or the ridiculous ratios like 500:1. Those brokers offering high leverage have a business model established primarily for transferring wealth from their clients accounts into theirs and are not looking after YOUR interest. Remember also that there is a big difference between the minimum margin required and leverage. If you don't understand these concepts you are at risk. Nothing a broker offers in terms of technology, charts, news, training, narrow spreads, interest on unused margin or any of the many tricks the marketing wizards play will save you from the peril of too highly geared trading.

Dealing desk brokers (market makers) also do not allow for scalping in forex trading. (See our Forex Scalping Strategy page for an explanation of scalping and examples of forex scalping systems and methods).

Lastly enquire whether the forex broker review is a small independent entrepreneurial firm or is it part of a larger financial group? If the firm is part of a large financial group it is possible that many of the risks associated with a smaller firm do not come into play. It is also possible for your broker in such case to indeed offset all trades with "mother ship", thereby limiting the riks of "running stops", which may sometimes be to your disadvantage.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

Helping to Maximize Your Success

A Forex broker is a broker dealing in foreign exchange, just like real estate broker who deals in real estate and properties. Simply, a Forex broker is an advisor who advises you about the forex market. However, the Forex market is not the perfect place to play with as a novice and beginner as there are many criticalities involved along with much risk bearing capacities.

Novices can very quickly get their fingers badly burnt. But inexperience is not the only reason to consider using a Forex broker to trade in the high-risk international currencies market.
So, the Forex broker is an advisor who advises you about the forex market and allows you to work for 24 hours a day with major currencies like EUR, JPY, GBP, CHF etc against the US dollar on the spot, i.e. according to the current prices on the forex international exchange market.
But the level of profits depends only on your abilities as well as your timely decision.

Although the role of the Forex broker is relatively redundant as a result of technological advancement and increased awareness, we cannot completely underestimate his role.
The new paradigm shift has had something of a democratizing effect on the financial markets, and in the years that have followed a plethora of banks and brokerages have extended the range of their services to a new market by packaging up their online trading systems for the retail market, enabling the more modest investor to trade from their own computer screen - even on the previously out-of-reach currency markets. This is where the real role of Forex broker starts.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

The Job of the Forex Day Trader

Forex Day Trading can be very lucrative. No matter what type of market you chose to day trade you must know the "personality" of the market you are trading. Every market has its own characteristics and it is important to know what they are before attempting to profit from it. The forex market is no different. In this article we will go over very important general day trading principles/rules and then we will see what a day trader has to recognize when specifically day trading the forex market.

As the term implies, day traders are concerned with what happens in the market today. Not tomorrow, not next week and not next month, but today. Forex day trader's job is to capture intraday price swings. Depending on the system or trading method employed, this can mean capturing one intraday swing or various intraday swings.
The general job of a Forex day trader is: To be disciplined.

This principle is key for any type of trading but particularly for forex day trading. If I had to name one single aspect of a day trader that can make him or her a winner or a loser it is discipline. You can have a so-so system but still make money if you are disciplined. However, you can have the best trading system in the world but if you are not disciplined I guarantee you will not be a successful trader. So, what is all this discipline everyone talks about when discussing trading? Very simple, it's respecting and strictly following your forex trading plan, your forex trading system, your money management rules, and your commitment to the business.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

Ways to Trade in the Forex Market

Overall, trading in the Forex market is pretty straightforward. Whether an investor trades directly, uses a broker, or an automated Forex trading system, he should familiarize himself with some of the basic ways to trade in the Forex market. The different types of transactions available in the Forex market are shown below.

Spot Transaction
A spot transaction refers to the current market rate of a currency. When the transaction is finalized between the two parties, the actual payment date, or settlement is two business days later. This waiting period allows the parties to confirm the agreement and co-ordinate any needed banking requirements.

Forwards
A forward transaction occurs in the future, at least two days from the agreed upon date. Most forward transactions occur about three months after the initial agreement. Here’s how it works. An investor agrees to buy or sell a currency at a particular rate by a certain date, regardless of any market rate changes. Suppose an investor agrees to sell 50,000 euros to a buyer on August 15 (three months down the line). Neither party knows the future exchange rate, but the seller is hoping that the euro will rise in value against the dollar, while the buyer is hoping for the opposite to occur.

Futures
A future transaction is a type of forward transaction – the only difference is the seller and buyer agree to a set exchange rate in the future, regardless of the rate. Similar to a forward transaction, both parties are counting on economic changes in their favor. Let’s say today’s exchange rate is 1.58788 euros to the dollar. The buyer and seller agree to a future transaction three months down the line at the exchange rate of 1.58976. The seller hopes that the actual exchange rate will be less (so he’ll be making a profit), while the buyer hopes that the exchange rate will be higher (so that he’ll be making a profit). On the given transaction date, the actual exchange rate is 1.5882. The seller ends up making a profit, while the buyer loses money. He has to buy euros at a higher rate than the actual rate.

Options
Similar to a futures transaction, the buyer of an option only has the right, but not the obligation to actually purchase the set amount of currency at a specific date and set rate.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

How Not To Exit A Forex Trade

Too many times I hear about new traders opening a trade using the 5-minute chart (not my favorite approach) and when the market moves against them, they move to the 15-minute chart to justify staying in a little longer, hoping that the market will turn around.

Then if the market continues to move against them, they move out to the hourly chart to look for a reason to stay in the trade. As the market continues to move against them, they shift to the daily chart to hope to find a reason to stay in the trade. The next step is to get a margin call because they have no funds left to maintain their position.

Of course, the main issue here is that they were looking for a way to stay in a losing trade rather than closing it out at a small loss. Taking a loss does not mean that you do not know what you are doing. Too many new traders think that losing a trade means that they are losers or that they aren't smart enough to trade. Nothing could be further from the truth though.

Professional traders understand that if they trade, they will have losing trades. That is really the only guarantee in the field of speculation. How you handle those losing trades has as much to do with your success as a trader as any other factor. You don't have to like losing, but you must accept the fact that all trades cannot be winning trades. You have to keep those losing trades small enough to be able to make up for them with your winning trades.

Switching time frames to justify staying in a trade is not how you keep your losses small. Identify your exit point before you get into the trade and stick to it. Judge yourself from month to month rather than on every pip move in the market. Be consistent in your approach and stay in one time frame from the beginning of the trade to the end of the trade.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

Finding the Right Trading Style for You

We’re frequently asked, “What’s the best way to trade the forex market?”

That’s a loaded question that seems to imply there’s a right way and a wrong way to trade currencies. Unfortunately, there is no easy answer. Better put, there is no standard answer — one that applies to everyone. The forex market’s trading characteristics have something to offer every trading style (long-term, medium-term, or shortterm) and approach (technical, fundamental, or a blend).

So in terms of deciding what style or approach is best suited to currencies, the starting point is not the forex market itself, but your own individual circumstances and way of thinking.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.