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...]
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...]
How to Identify Sideways Market in Forex or Any Sideways Market
This is a really simple way for you when asking how to identify sideways market. It works in Forex or any market. And the indicators are loaded into virtually any charting platform that is out there. I know that these come as standard in MT4 which is free and you can get your own copy of that by signing up for a demo here. Identify Sideways Markets The first thing I will … [Read more...]
Fast Scalping System Using The Guppy Moving Averages for Mt4
This is an easy to use system to begin scalping any fast moving market. It uses the Guppy Moving averages indicator for Mt4, and a really short RSI setting of 3. Read on and learn how to use it, and get the files to set up your scalping template. First of all, we all know that trading with the underlying trend is the best way to scalp a few pips of profit. You can try scalp … [Read more...]