Most people download metatrader fire it up and immediately start slapping indicators all over the place without ever actually exploring what the platform can do out of the box. MT4 has been around since 2005 and in that time theyve packed in a load of features that most retail traders never touch.. which is mad when you think about it because some of them are genuinely useful … [Read more...]
Forex Chart Patterns Every Day Trader Should Have in Their Toolkit
Chart patterns in forex are probably the oldest form of technical analysis going and the funny thing is they still work.. not because theres anything magical about a triangle or a head and shoulders but because enough traders are watching for them that they become self fulfilling. When half the market sees the same neckline break at the same time and everyone hits sell at once … [Read more...]
Best Indicators to Scalp Forex and How to Actually Use Them
Everyone wants to know the secret indicator for scalping forex like theres some magic combination of squiggly lines that prints money on the 1 minute chart. Spoiler.. there isnt. But there are indicators that genuinely help when youre trying to grab quick moves and the key is knowing which ones to use and more importantly which ones to ignore. The Indicators Worth Loading … [Read more...]
Using a MetaTrader Demo Account Without Wasting Your Time
Demo accounts get a bad reputation in forex and honestly most of it is deserved.. but not for the reasons people think. The problem isnt that demo trading is useless its that most people use demo accounts completely wrong and then wonder why they cant replicate their results when they go live. A metatrader demo account is genuinely one of the best tools available to you if you … [Read more...]
Scalping Forex With MetaTrader and Why Most People Get It Wrong
Scalping on metatrader is one of those things that sounds dead simple in theory but absolutely destroys most people who try it without a proper plan. The idea is straightforward enough.. get in get out take a few pips and do it over and over again until youve built up a decent days work. The reality is that without the right setup on MT4 youre fighting with one hand tied behind … [Read more...]
Forex Candlestick Patterns That Actually Work and the Ones That Dont
Candlestick patterns are one of those things that everyone in forex thinks they understand but most people are reading them completely wrong.. or at least not reading them in context which amounts to the same thing really. The basics are simple enough youve got your bullish candles your bearish candles and a load of formations with fancy Japanese names that are supposed to tell … [Read more...]