iForex Launches TraderBase.com to Provide Key Forex Trading News and Analysis | Business Wire

BUDAPEST–(BUSINESS WIRE)–Currency exchange platform iFOREX has expanded its services with the

launch of http://traderbase.iforex.com

The site provides up-to-the-minute foreign exchange news, commentary and

daily Forex analysis, while providing an array of tools for its

visitors. TraderBase.com can act as an important source of Forex news

for both day trading newcomers and professional traders to keep updated

with key market events that can affect their daily trades. In addition,

for easy access, iFOREX’s global audience and client base can enter

their professional trading platform or find additional information in

languages, such as Turkish, at http://www.iforex.com.tr

Articles and analysis reports within Traderbase are collected and

written by external market specialists, located around the world, to

give a global and unbiased perspective of the market and the factors

that can influence currency fluctuations. TraderBase also provides

valuable tools for traders, including an Economic Calendar which details

scheduled financial events and announcements on the horizon. Investors

can use tools such as this in order to read into potential market

movements based on impending statements, which is a vital component in a

trader’s arsenal.

With a rapidly growing number of investors using their platform on a

daily basis, iFOREX (http://www.iforex.com)

believes that providing traders with important and relevant information

is of great benefit. A senior member of the dealing room team was quoted

as saying “Obtaining essential Forex trading news is essential and we

want to be able to provide this service not only to our members, but

also to anyone interested in the currency exchange market.”

For direct access to the latest financial news headlines and daily

analysis, visit http://www.traderbase.com

* Territorial restrictions may apply.

What Every Forex Trader Ought To Know About Expert Advisors

An expert advisor is simply a piece of code written in the MQL4 programming language which, once installed on your MetaTrader 4 Forex trading platform, has the ability to automate the opening and closing of trades on your behalf. It is a piece of code that includes a set of rules based on what, how and when to trade. It also allows you to adjust stop loss, take profit and trailing stop levels according to pre-defined parameters.

Every expert advisor is different. Every EA – its own animal. But they all serve the same purpose: to eliminate inconsistency – a fault that characterizes most traders.

How An Expert Advisor Works

Once installed and enabled to run, an EA will usually first check if there is enough equity in your account to open a trade. If there isn’t, it won’t run.

If there is enough equity in your account, the EA will on each tick of the currency pair(s) that it is assigned to trade on, run through it’s rules and codes and verify that the trade entry criteria have been met. Alternatively, if open trades already exist, it will check that an exit (stop-loss or take-profit) criteria has occurred. If it has, it will automatically exit the trade for you.

To work, the computer that is running your expert advisor (and trading platform) must be kept running all the time while the forex market is open. If you ensure that your computer is running 24×5 – all you have to do is sit back, relax and let it do its thing!

Programming a Strategy Into The Expert Advisor

An expert advisor

Source by Giselle Sanchez

Forex Trading Systems Online – How Can You Profit From Prophet1 Expert Advisor?

A Forex trading systems online has many benefits that you can take advantage of. Many of these benefits include the software, complete instructions and manual guide, and default settings to make trades easier to execute. One such system that is proven by more than 2 years of back testing is Prophet1 Expert Advisor.

Prophet1 provides a complete instruction manual. This is for beginners who are learning how the trading system works to begin trading right away. The manual will show the new trader how the foreign exchange market works. They will know everything they need to know about the market. The trading system manual also provides complete instructions for new traders or anyone new to the Forex system so they can begin trading with ease. Most systems are very user friendly because of the instructions.

This Forex trading systems online software is very easy to use. Most are designed to be used with the MetaTrade 4 system platform. The software is automated which make everything extremely simple. The users don’t have to worry about a learning curve with the software or spend hours trying to figure out how to use it. In addition, the software is complete so you don’t have to purchase any additional features to work with the software.

There are other benefits of the Prophet1 Expert Advisor which include that they are configured to work with the GBP and the US dollar. There is also a default setting of the online software which is designed for the first initial stop,…


Forex Trading Robots – The Best Expert Advisor Based on Verified Audited Gains

There are a huge number of Forex trading Robots sold online and they all claim, they can make you big gains and the only way to find a winner, is to look for proof and that means, an audited track record which is verified, by an independent source. Let’s find out which is the best.

Forex Robots or Forex Expert Advisors, are affordable for most traders and cost under $200 and they all have one thing in common – NONE of them have an audited track record which is verified.

All you get are simulated track records going backwards, not exactly hard to make money when you know all the highs and lows in advance or you get statements, from the vendor selling the system you are supposed to believe without question.

Fact is if you think you are going to make huge gains, for sending a couple of hundred of dollars and making no effort, your going to end up very disappointed – it looks to good to be true and it is. If these systems really did make the money they claim, 95% of traders wouldn’t lose money and they do.

If you want to make money at Forex trading you need to get yourself an education and learn the skills you need to succeed and while anyone can do this and make a great second income, the sad fact is most new traders buy Forex Expert Advisors or robots which lead to a quick wipe out of equity.


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Find a Profitable Forex Metatraders Expert Advisor

Making a profit with Forex meta-traders? Do you want to know a Forex meta-trader expert advisor? Many businesses hire an expert advisor for finances or other career related decisions. However, it is a module used for trading platforms. On the other hand, what we are talking about in here is a software that uses an Automated Trading System Technology.

This ATS works by implementing a preprogrammed logic capable of searching for probable routes for forex trading. Another benefit of this automation is the fact that it also removes the emotional factor during a forex trade. Typically, a forex expert advisor works through historical data and currency cross activity comparison, followed by the actual decision-making process as to whether this implicates buying or selling of trade.

It may sound interesting but we must remember that some Forex meta-traders expert advisors are nothing but complete wastes of time. Some applications do not use accurate algorithms in calculating the historical data and currency cross activity, resulting in flawed recommendations and decisions.

Not only is this a waste of time but would also waste money, which can be a lot in the context of forex trading. When purchasing an expert advisor application, always remember to test thoroughly for accuracy and consistency. This kind of software is readily available on the Internet, the best of which is Forex Tracer., Which became prominent due to the number of praises it received from…

Source by Garima Bajoria

Forex Expert Advisor – They All Do not Work?

Forex expert advisers or robots are computer programs designed to automate the process of trading the foreign exchange market. Forex robots are trained to trade on the basis of specific systems and strategies (which are a combination of rules and indicators the trader or the developer of the expert advisor is willing to base his trading decision upon if he were to trade manually).

Trading the market could be very tedious and challenging: You've got your rules for taking a buy or sell decision, and you are sitted there with your eyes glued to your computer watching the indicators to get the perfect setup, and that did not ' t happen for hours. So you decided to take a short break to stretch your limbs or take some tea in a short moment, but alas! you returned to find out you're late-you've just missed the entry point. Even when we catch the right moment, as rational animals, we sometimes yield to the tempation to bend the rules when the ride is not being smooth, but at the end of the day, you find out your emotion has just robbed you of the right decision.

In view of these traders began to turn to expert advisers or robots, as some will put it, to beat emotions, stess and waste of time. Today, there are as many expert advisers as there are systems and strategies. But the question is do they really solve our problems? I have tried a number of robots; some purchased from vendors, some taken from friends and some found in the…

Source by Taiwo Oluwadahunsola

How to Simplify Your Forex Trading With an Expert Advisor

Individual retail traders have had access to the foreign currency markets for the past several years. What has changed dramatically in recent years is access to automated trading systems called "expert advisers".

An "expert advisor" is a trading execution software program that works in conjunction with a trading platform program (for charting the market behavior). The expert advisor algorithm (strategy) examines the condition of the market and decides whether the conditions are right to make a trade. After it enters a trade it continuously monitors the condition of the market and decides when to close the trade.

If you have confidence in the expert advisor's algorithm you can allow it to make trades without your intervention. This tactic takes all of the guest work and emotion out of the trading process which is a huge advantage over executing your trades manually.

Institutional investors and central banks have long traded with the use of these trading algorithms or "expert advisers" (EAs). Using the EAs levels the playing field for the average trader. Currently individuals have the choice of many of these systems to assist them with their trading.

The key to using an EA for the individual trader is understanding the strategy behind the program. The trader should understand the basic formula used for entering and exiting a trade. He should also understand the results of back testing on historical data and forward testing. Finally, he should understand…

Source by Colon McRae

Reasons to Consider MetaTrader Expert Advisors

A computer program that is based on a set of generated by indicators that helps determine whether to buy or sell a currency pair at any one time is what an Expert Advisor is. It may be based on the dependencies and do not contain indicators. It is designed to remove the psychological factor of trading, which can be harmful. They can simply help you make trading decisions by issuing appropriate and they are reliable trading "assistants" that can trade automatically without your involvement.

Using MQL4 language, the Expert Advisor is developed. Without taking into account fear, inconsistency, tiredness, greed and other feelings, conditions and morale, which can close the door to successful trade, it helps traders to make right decisions.

The main goal of it is to give traders the possibility to speed up execution of trading operations. It can work in automatic mode, saving you from monotonous repetition of various actions. Saving the time of the traders, it mostly simplifies their work. You only have to turn it on, you do not have to monitor market movement.

It is specifically designed to trade the automatically activities presented on the MetaTrader 4 platform. Many Forex traders choose the MetaTrader 4 as their platform and that is the main reason that one can easily program the custom indicators and EAs on this platform for trading the activities automatically and that is absolutely of no charge.

Source by Lee OBrien

FXCM MENA Sponsors the 8th Middle East Forex Trading Expo & Conference | Business Wire

DUBAI, United Arab Emirates–(BUSINESS WIRE)–Master Capital Group S.A.L. (“FXCM MENA”) is proud to announce its

participation and sponsorship of the 8th Middle East Forex

Trading Expo & Conference on April 8th and 9th,

2011 in Dubai.


This event is produced by the Arabcom Group, a leading organizer of

Forex related exhibitions and conferences in the region, and will be

held at the prominent Jumeirah Towers Hotel.

Join us and find out about some of our new products and services:


MENA has introduced Futures trading to its product offering. In

addition to trading Forex & CFDs online, traders can now trade Futures

with FXCM


Moreover, FXCM

MENA has recently launched a new service, whereby self-traders can

have their trades executed over

the phone (via its trading desk).

The FXCM MENA team looks forward to meeting with clients and other

online trading enthusiasts on April 8th and 9th in

Dubai and to discussing in detail all the products & services available,

as well as trading topics in general.

Master Capital Group S.A.L. (“FXCM MENA”) is the exclusive

distributor of FXCM products in the Middle East and North Africa. MCG

does business under the FXCM proprietary brand FXCM MENA.

MCG is authorized and regulated by the Central Bank of Lebanon (Banque

du Liban – BDL list of Financial Intermediation Companies #16).

In Dubai, FXCM DMCC is regulated and authorized by the Dubai Multi

Commodities Centre and is a Broker Member on the Dubai Gold and

Commodities Exchange.