Forex trading strategy

No strategy - The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new traders that lose their money.

Trading Off-Peak Hours - Professional FX traders, option traders, and hedge funds posses a huge advantage over small retail traders during off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and move them around when there is far small trade volume is going through (meaning their risk is smaller). The best advice for trading during off peak hours is simple - don't.

The only way is up/down - When the market is on its way up, the market is on its way up. When the market is going down, the market is going down. That's it. There are many systems which analyse past trends, but none that can accurately predict the future. But if you acknowledge to yourself that all that is happening at any time is that the market is simply moving, you'll be amazed at how hard it is to blame anyone else.

Trade on the news - Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions and prices change resulting in a serious currency flow.

Read and understand a Forex Quote

A Forex quote is always a two-sided quote with a ‘bid’ and ‘offer’. The ‘bid’ is the price at which you can sell the base currency (i.e. buy the second currency). The ‘offer’ is the price at which you can buy the base currency (i.e. sell the second currency).

As mentioned before, the first currency listed is the base currency. In the major currency pairs the

US dollar is traditionally treated as the base currency this includes USD/JPY, USD/CHF and USD/CAD. In this case $1 USD (the base currency) is quoted in terms of the second currency.

For example, a quote of USD/JPY = 112.25 means that one US dollar is equal to 112.25 Japanese Yen.

MetaTrader 4 Client Terminal with ForexGen

MetaTrader 4 Client Terminal has been created to provide trade operations and technical analysis in real time mode, when working at Forex, CFD, Futures financial markets. A wide range of orders allows flexible management of trading activities.

Client Terminal MetaTrader 4 key Features:working with securities of Forex, Futures and CFD markets;various execution technologies: Instant Execution, Request Execution, Market Execution;confidentiality of all trading operations;unlimited charts quantity;support of various timeframes (from minutes up to months);large number of technical indicators and line studies;experts, Custom Indicators and Scripts;multiLanguage program interface;realtime data export via DDE protocol;signals of system and trading actions;getting on-line news from financial markets;internal e-mail system;printing charts and completed trading transactions statements.

For more detailed information can be found here