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Back from long sleep

Finally back from long sleep and will try to write daily now. :) There's no place that so exciting like forex.
New layout, new design, new content, and most of all new spirit! I'm so excited!

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P O P U L A R

Beginner: Read this book to understand trading and how to make profit

About the book - Trading for Dummies: Many people have misconceptions about trading and its risks. Most people think of the riskiest type of trading — day trading — whenever they hear the word trader. We’re definitely not trying to show you how to day trade. Instead, we want to introduce you to the world of position trading, which is much safer, less risky, and yet a great way to build a significant portfolio. Don’t get the wrong idea; trading in securities always carries risks. You should never trade with money that you can’t risk losing. That means trading with your children’s education savings isn’t a good idea. If you want to trade, set aside a portion of your savings that isn’t earmarked for any specific use and that you believe you can put at risk without ruining your lifestyle. Obviously, we plan to show you ways to minimize risk, but we can’t promise that you won’t take a loss. Even the most experienced traders, the ones who put together the best trading sys...
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Keltner Channels Strategy

Have you ever heard of Keltner Channels Strategy? I bet if you have been trading forex for quite some times and if you recently search for the expert advisor, you may have heard about this strategy. There are lots of Keltner Channels Strategy out there with so many variations and so many creative ways to trade this strategy. One of the most discussed EA recently is the Keltner Pro EA from Jared Rybeck. Today I'm not going to talk about Keltner Pro EA, instead I want to highlight the Keltner Channels itself and what is so interesting about Keltner Channels. Keltner Channels strategy is a trading strategy based on price breakout. So it is another trading style from what you commonly used such as RSI, MACD, or even Bill Williams trading. It's not counter trend trading but it's a trend breakout trading and you can trade it on any time frame. You can scalp or even let the opened position run for several hours or even days. Quoting Investopedia: http://www.investopedia....
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Copy Trade

One of the thing that excite me most in this last few days is that finally I managed to implement some copy trade functionality. Kind of late huh? Well.... I'm not talking about MT4 trade copy from MQL5 dot com or even forex copy. I'm talking about the Expert Advisor that will automatically open a new position on another account when the master account does so. Wait.... isn't this the same as trade copy? This tool called FX Blue Personal Trade Copier. T he difference is that this trade copier only copy new positions, while the copy trade from MQL5 will copy not only the new positions but also the existing opened positions. Hence, for some users, you might find this really helpful when you don't want to have large position floating on your account and only want a new position. Of course, there's a downside where you need to have the sender and receiver trading account on the same computer or VPS (Virtual Private Server). This can be done cross broker account or w...
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