Trading forex is a high risk and may not be suitable for everyone. It is possible to lose more than your deposit when trading foreign exchange. Forex brokers provide clients with margin trading services, hence you are provided with a high degree of financial leverage. Be aware that this financial leverage might result in significant losses for you. Please advice a specialist before getting involved in foreign exchange, CFD and binary options trading. Forex Bonus Lab is devoted to provide an overview of the best forex bonus opportunities available on the market, however, such bonus deals should never be a reason for you to start trading. To trade or not to trade should be your proprietary decision and if you decide to go for trading, we are happy to present you with the best trading offers. Do not take any information on this site as an investment advice. Note that some information on the brokers and their offers may not always be correct, as the conditions may change without our notice. For more information on the forex brokers’ offers - contact a particular broker you are interested in. Read our full disclaimer. Copyright © 2015 ForexBonusLab.com. All Rights Reserved.
I agree that most of what is available on the internet is total junk that does not work HOWEVER, I disagree it is not possible. in fact jpmorgan just announced they have developed an AI that replaces all of their manual traders and works far more efficient so now their client order entry is far more efficient. can their AI be used to speculate? of course it can! automation is the wave of the future which really, can you even call it a market any more with robot vs robot? I have developed my own which proves it is possible. the technology is unique and one of a kind unlike anything else out there I have seen and I have looked at just about everything. the system covers both range and trend at the same time which is unheard of. the key for my system was not being greedy. if you want to automate, which I recommend, just make sure you keep it very conservative always increasing the balance over time. when you are available to trade manually, cherry pick the positions and manage them correctly for the bigger boost in balance. the reason I chose to automate to begin with was to free up time and take advantage of the fantastic trends that occur in the market just about every day and certainly within each week without having to go crazy and blind staring at screens all the time. if works and it was not an easy thing to invent either. another thing, this blog recommends to trade daily bars and above which for manually trading is absolutely correct since the big money is always in the long term trends. the shorter term you go, the more noise in the market, the more noise, the less reliable = loss which is exactly why ***CORRECT*** automation for short term makes complete sense. besides that, as a small speculator, how are you going to compete with juggernauts like jpmorgan and goldman sacs who have unlimited resources to develop elaborate AI technology? simple answer, YOU ARE NOT! or just stick to the long term trends as this blog has already recommended and forget about short term which is unreliable for most if not all as this article correctly pointed out.
Third place goes to IG for its innovative web platform, which comes packed with versatile charting, automated pattern recognition tools, and its premium ProRealTime charts. For more advanced traders, IG’s L2 Dealer desktop-based platform provides an array of advanced features for experienced forex traders who need the extra tools usually found on desktop platforms.
On Wednesday of last week I asked Dr. Salim to withdraw part of the profits of $ 500 and I need this amount to pay the rent for the house where I live in. Dr. Salim, the manager of my account, agreed to open the withdrawal page and I conducted the process several times and two weeks ago. Dr. Salim is arguing with several excuses and tried to communicate via Skype and did not answer me and I failed dozens of times to reach him and tried to send him messages through the email and did not respond, so he brought me from his contacts
As the title suggests, I’m looking for recommendations/your opinions on the best charting package to use. I’ve been demo trading on Oanda’s Tradingview ‘Advanced’ charts for the past 6 months, but I find it restrictive when it comes to actual trading. I have been trying out Ninjatrader with a separate demo account and I like it; but I’m not sure if it’s worth the $800 price tag for a lifetime license (and also that only a few brokers support them). Would it be worth me learning MT4? I know it’s the industry standard for retail traders. I don’t care about future proofing necessarily – I just want to starting learning and getting used to a good charting package that I will use when I go live within the next couple of months that won’t have the same limitations as Tradingview. Thanks in advance for any advice!
Third place goes to IG for its innovative web platform, which comes packed with versatile charting, automated pattern recognition tools, and its premium ProRealTime charts. For more advanced traders, IG’s L2 Dealer desktop-based platform provides an array of advanced features for experienced forex traders who need the extra tools usually found on desktop platforms.
In a nutshell, with automated software you can turn on your PC, activate the program and then afterward away while the software trades rather than you. This is the fundamental rule. The purpose of our article is to tell you more about the aspects of automated software so that you will be able to select the best automated Forex trading software in accordance to your requirements.
Reply by John Falcon submitted Oct 18, 2016 This client contacted us claiming there were delays in his execution time but when we asked him to provide proof (screenshots), he did not have any to show us. His withdraw was approved in 48 hours. However, his bank returned the money to our account because the provided bank information was incorrect. Since then we have been eagerly trying to contact him via phone and email to send him his money but we do not get a response.
It’s important to practice trading before committing real capital and to keep an eye on automated systems to ensure that they’re performing correctly. [SEE: How to Practice Day Trading.] In addition, traders should be sure to build in money management and risk tolerance strategies to limit downside in the event that unexpected price action occurs – such as whipsaws.
When you sign up with a broker, your money is gone the instant you send it in. What I mean is, if you try to take it out you have to supply them with your entire identity with card numbers, photos, addresses, etc. And, to make things worse, if you accept their “bonus” money that gets added to your account, you have to reach a certain trading volume before you can withdraw anything. So, if you deposited $500 and you get a $120 bonus, this comes to (500+120) x 20 = $12,400 before you can withdraw even one penny. With the results below, that will never happen.
3. Buy automated day trading systems right off the shelf – There are plenty to choose from and a whole host of reviews that will reveal their past performance. The problem with this option is that whilst backtesting may reveal promising results, those results don’t always translate when you apply them to live markets. In addition, your work isn’t finished after the initial purchase, your system will need updating as the market changes.
DailyForex, the one-stop-shop for all your Forex needs just got even better with the release of our new All-In-One Forex Widget. The new widget is full of features ... twelve different state of the art screens including Forex news, videos, analysis, reviews, pip calculator, currency converter, and many other Forex tools. In addition, the widget can serve you ...
It seems that FapTurbo has joined the list of other dodgy gurus and Forex trading "scams" They've flogged their email database! I received three phishing emails today, purporting to be from an American retailer - all addressed to the same unique inbox [fapturbo.xxxxx.xxx@my domain.net] created exclusively for when I was naive enough to believe that a $100 would make me money.
We use real life well-proven trading strategies with a solid edge. Unlike other robot developers, we did not use the past price action to create our trading systems. All our trading strategies have been traded by many professional traders for many years well before Evestin Forex. All we have done is automated these well-proven trading strategies so everyone can use them.
FOREX Japanese Candlestick Patterns Recognition Engine for MetaTrader5 with BUY/SELL signals and build in automated trading features. This fully automated pattern recognition engine, designed for real time market scans, compares tick-by-tick live data to pre-programmed algorithms of over 75 the most significant Japanese Candlestick Patterns. LIVE SCANS FOR 75 MOST ...
In addition, other market elements might trigger buy or sell alerts, such as moving average crossovers, chart configurations (like triple bottoms or tops, or other indicators of support or resistance levels). Additionally, automated software programs also enable traders to manage multiple accounts at the same time, a real plus not easily available to manual trades on a single PC.
It is difficult to determine which software is the best as there are several different types available, each with their own features and targeted appeal. Once the trader opens a trading account, it is advisable to review the brokers software and search for reviews, if possible. Not only does each Forex trading software have guidelines for traders, but they also help in terms of saving time and money. Trading software has evened the playing field so that even the newest trader can start making money without having to learn about trading the hard way. In this article we will discuss the functioning of currency trading software.
One of my friends has developed an EA which is able to plot support/resistance lines on the charts. It doesn’t take any positions at all. So it is not an auto-trading robot. It just plots the lines. He wants to share it on LuckScout for free. It is a while that I am checking it to see if it is good enough to be shared on the site, and I have come to this conclusion that it can help novice traders learn technical analysis much easier and better. So I have decided to share it on the site. This is also the example of a good “white hat” robot. So in general I agree with you that some robots can help.
AI provides accurate statistical analysis backed by historical data and trends every time. It barres human errors. It is also unbiased which prevents human emotion or misconceptions to mislead them. For example, if a trader has lost money consistently on a currency pair, he might be more inclined to stay away from that currency pair even if the opportunity presents itself. AI is not affected by the past and is always objective toward any market.
If the RED comes up, you win 1€. Your next step is to bet 1€ on the BLACK color. When you win, you always change the color. If the BLACK comes up you lose the initial 1€. Your next step is to bet 2€ on the RED color. When you lose, you stay on the same color and double the bet until you win. For example, I lost 1€, now I bet 2€ on the RED; if I lose again, I will bet now 4€ on the RED; if I lose again, I will bet 8€ on the RED; if I WIN I will change the color and bet again 1€ on the BLACK.
When you sign up with them, you have to choose a broker. I chose GlobalTrader365 and TradeRush, which were recommended by the software. After the verification period, it begins to execute trades using the amount you specify. This is what usually attracts people to these systems – the ability to run unattended without having to watch a screen all day for option opportunities. In addition to that, you don’t run these things on your own computer, but it runs on their servers located somewhere in the world. And, I have to say, it is a powerful attraction. It would be great if something like this actually worked, instead of being a complete fraud and the promoters total liars. But then, that’s what makes up 99% of the Forex software industry – frauds. How refreshing it would be to find one that is honest and really works.
Hypothetical performance results have many inherent limitations, some of which are described here. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Trade Interceptor: A very popular iOS and Android trading app that allows users to trade currency pairs, binary options and commodity futures through a choice of forex brokers. Traders can set alerts for price levels or news releases, and the app provides access to the daily economic news calendar and real-time market news. There is also a feature that allows traders to do simulated trading and back-test trading strategies using historical price data.
hi folks I am really happy to say that i am revealed to come upon this site... I have never seen any forex software exposed in real life account like this. And i really appreciated to find this site... and i already sent it to my two friends to look at it and see what they get from it. I cant wait to get ma hands on this EA... I lost $5000 trying to trade forex after taking 2 years trading, but what makes me happy is that i never had that thought of quiting, so with God's help i am in this site today which i think it will end my days of frustrations. Thank you all guys to bring something like this. Bill
One of the best parts about Ally’s trading platform: the intuitiveness of its layout and functions. The smart and streamlined trading interface makes it quick and easy to watch trends and make trades. New investors should be able to get familiar with the lay of the land fairly quickly by navigating from the trading panel. The panel also includes shortcuts: Buy and sell with one click. As your preferences develop, you can customize the look and location to suit your trading style.
Saxo Bank took fifth place with its broad range of education-related materials, which are grouped by experience level and cover multiple asset classes including spot forex and forex options under the company’s Saxo Academy offering. Saxo also over a dozen videos on its YouTube channel under its TradeMentor series, in addition to materials on its TradingFloor portal.
2. Hire a programmer to code your strategy – Whilst there are plenty of skilled programmers out there that you can hire to programme your automated day trading strategies, they do come with drawbacks. Firstly, it will be expensive. Secondly, you’ll need a serious trial and error process to determine whether your strategy will yield consistent profit.
Dukascopy Bank boasts the most robust offering of desktop and mobile platforms, helping it finish #1 for Platform & Tools and #1 for Mobile Trading in 2018. The innovative JForex platform suite and competitive commission structure give traders access to extensive resources for a growing range of forex pairs and CFDs. (74% - 89% of retail CFD accounts lose money.) Read more...
It’s no secret that the potential capabilities of Artificial Intelligence (AI) can, in many ways, far surpass the abilities of humans. And yet, when it comes to forex trading, an Expert Advisor (EA) or a robot – as algorithmic trading is often referred to – does not beat out the human mind in all cases. However, it does offer several benefits that can make you a better trader.
The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital. Any information included in this website does not constitute an offer of services for clients residing in any jurisdictions where such offer is not authorized.
I entered into an investment with Turboforex since 13/3/2018 after a large number of contacts on my private phone by one of the company's designers and introduced himself as (Doctor Salim Abou Youssef) in a very nice style and a very exciting talk about great profits and a very secure account and I was very confident Because I felt like an honest and respectable man
