MT4 vs. MT5

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Irrespective of experience, you’d be hard pressed to have not heard of MetaTrader, or MetaQuotes Software. Established in 2000, MetaQuotes Software Corp. is one of the leading developers of software applications for brokerages, banks and exchanges. The company has developed a series of popular products, ranging from a simple FX Charts platform to the MetaTrader … Continue reading MT4 vs. MT5

An Introduction to MetaTrader 4 Indicators

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Technical analysis requires the use of various tools, and is often associated with the application of indicators. The award-winning MetaTrader 4 (MT4) platform offers an extensive selection of technical indicators. It is one of the most popular trading platforms for forex traders, owing to its ease of use, generous features and automated trading ability. What’s … Continue reading An Introduction to MetaTrader 4 Indicators

5 Must Read Books for Any Aspiring Forex Trader

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With an endless stream of books available to choose from, it’s often difficult to decide which text will prove most fruitful. Is there one book that has all the answers – a book that confronts all elements of forex trading? To knowledge, covering each aspect in detail is beyond the scope of one book, and … Continue reading 5 Must Read Books for Any Aspiring Forex Trader

Liquidity and Trading Sessions: Is There a Best Time to Trade?

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While it is true the foreign exchange (forex or FX for short) market is open 24 hours a day, five days a week, it is not constantly active. Breaking down the currency market into manageable chunks is important. Understanding when liquidity is likely to enter the market helps traders determine the optimal time to trade. … Continue reading Liquidity and Trading Sessions: Is There a Best Time to Trade?

Understanding Risk/Reward Ratio in the Foreign Exchange Market

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Should a colleague, one who has a reputation of borrowing money and returning it later than proposed, ask to borrow $100 and offer to pay back $110 the following month, what would your initial thought be? It’s probably not worth the risk or the hassle, right? However, what if the said colleague offered to repay … Continue reading Understanding Risk/Reward Ratio in the Foreign Exchange Market