Whether you're a beginning forex trader or have extensive experience in forex trading, we will stick our collective nose out and say that you will find useful information here. You can draw on years of experience in trading currencies, commodities and indexes. All of our recommended forex brokers offer a wide range of trading instruments. covers everything from daily currency charts and forex strategy to current market analyses and forex broker reviews. There are an abundance of platforms and guides and books and investment tutorials that suggest it's possible to make a small fortune trading currencies. However, spend any time reading forums and there are hoards of bedroom Forex traders losing money day after day.
I talk a little about lower time frames. For swing trading …you want the higher time frame moves without getting kicked out from the lower price action. You can however get a more detailed look at price action on lower time frames if you suspect something is happening on the daily charts.
Robots can be programmed to trade in both ranging and trending markets with appropriate stop loss/take profit and good risk/reward ratios. The main problem is to identify when the trending/ranging markets begin or end. The development in neural networks have greatly improved the ability of robots to forecast not only the price movements but also the type of market (ranging/trending). There is a good discussion forum in mql4 on Probabilistic Neural Network (PNN) that shows the basics. Now they can be programmed to sense the market changes and launch the appropriate strategy, combined with the mathematics of probabilities and statistics, the accuracy can be more than 60-70%.
The global foreign exchange market is the largest financial market in the world, with average daily volumes in the trillions of dollars. Foreign exchange transactions can be done for spot or forward delivery There is no centralized market for forex transactions, which are executed over the counter and around the clock.
Scams must be done in a clever, convincing manner. They must also be convenient for the trader. The easier it is for the trader to seemingly make money, the more a fraud will succeed. The latest entry into the Forex scam market is the Forex robot, which is a perfect example of promises of easy money. Forex Robots are all about making money while you sleep which makes them a prime area for fraudulent activity. Forex robot scams are only now beginning to be uncovered but not everyone concurs that Forex robots are scams to begin with.