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Forex | Forex Trading | Advice |
Metatrader | Learn Forex Trading |
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Forexbody Expert Advisor back test
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Forexbody Signal Online Help
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Look out buddy , You have stumbled into a
Goldmine
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Forexbody Signal Live on ZuloTrade
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Forexbody Strategy on On One
Financial Market competition for cash prizes and a
laptop: Ending balance 6 times the original ! |
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| Forexbody account
starting balance was $100k, Ending balance at the end of
the 14 day competition was nearly 6 times the starting
balance!, Click the above image and see for yourself.
That was in spite of the sharp decline EURUSD had last
week, all Forexbody trades were on the wrong direction
and without a stop loss, but Markets do come back for
those who wait, most of the time.
This was light trading with bad luck we
had when EURUSD dropped to 1.18 Friday of the first
week while all trades were long, because this platform
does not allow hedging I closed few trades as losers and
held on to the rest without touching the platform for a
whole week until price came back. Another proof that
Forexbody System Rocks even without hedging
capability. but with hedging the sky is the limit as you
will be trading in both directions and winning and
losing trades overlapping. |
Forexbody Strongly recommends One Financial Markets MT4 for your
automated Forex Trading, Here we have a broker who gets excited when
you make money in Forex, unlike the rest. The more money you make in
Forex the more your broker will reap from your commission. This
platform also includes live feeds of the Dow Jones and other stock
market indices and those are available as charts in any time frame
you choose
Click to
open a Hedging Capable demo account with One Financial Markets
UK based.
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Overview:
In this day and age, Forex
market has become the world's largest financial market ever
existed. Literally trillions of dollars worth traded on a
daily basis around the clock. with roughly 30 hours break
every weekend. Players in the market ranging from
multi-billion dollar institutions to individuals with
deposits as little as few hundreds. Last year after the
impact of the world financial crisis, Forex markets gained
more power and more fans. This is a market that prospers in
such conditions. Forex trading is very risky, do not fall
into the trap: If you are new to the forex perils
The FOREX term
comes from Foreign Exchange. where you buy one currency with
another, or sell a currency to buy dollars. Currencies come in pairs
so each one has a value attached to it like EURUSD which means the
value of EUR in US dollars. If you buy EURUSD then you will profit
when this pair goes up in the chart which is known as heading north,
and you will be losing if EURUSD goes south. If you sell this pair
then the exact opposite is true.
Trading Foreign Exchange: A Changing
Market in a Changing World ,
Structure of the Foreign Exchange Market ,
Forex Market Hours, in this page
below
The above links are provided in case
you would like to do some reading about Forex trading.
To the right you can read recent
trading news and view up to the second Forex quotes, you can also
covert between the major currencies and view upcoming events that
will have a great effect on currency prices.
Download any Broker Mt4 directly without providing any
personal information |
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Today Europe and US Market Clues |
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Market Clues: as shown by
the performance of world markets, you can access this info live
in real time with forexbody Toolbar
things can turn around. |
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| There was a nice
all-useful forex widget here, you can still
access
here |
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The whole idea of Forex currency
trading is to buy cheaper and sell at a higher price which will
result in profits. You may also start by selling first and later
buying at a lower price. Most Forex brokers allow hedging which
means that you can have opposite trades running at the same time. So
the act of selling will not close an already open position that you
bought the same currency pair. Otherwise, without hedging enabled a
sell position would close an open buy position and vise versa. You
can open a Demo Account and practice all
you want with virtual money until you learn all you can about market
behavior and amounts of orders before you go live with Forex
trading. Forex Trading can fully automated via the use of
Expert Advisors on
Metatrader 4 trading Platform
In order to make substantial profits
on momentary or daily changes in currency prices, Forex trading is
done with high leverage provided by the broker. Leverage of 1:100 is
the most common for average size accounts ranging from $1000 to
$100000. Higher leverage is available up to 1:500 but not recommended
since it presents a much greater risk.
Most beginners and losers press hard
on leverage and when the market goes against them, they can not stay
long before a margin call occurs in their account and eats up their
deposits. Successful traders are very careful with leverage usage
and usually they do not use more than 5% of their buying power which
is known as Free margin.
Read my
Forex
Market Blog post about using the right leverage |
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On the above chart, The
GBPUSD pair went up for 1 hour as shown by the 60 candle sticks
above. a move from 1.6400 to 1.6500 or exactly 100 pips which
translates to the following in your account:
| 1.Buy 10
000 EURUSD at green signal and close order at red Signal =
Profit $100 |
| 2.Buy 100
000 EURUSD at green signal and close order at red Signal =
Profit $1000 |
| 3.Buy
1000 EURUSD at green signal and close order at red Signal =
Profit $10 |
| 4.Sell 10
000 EURUSD at green signal and close order at red Signal =
Loss $100 |
| 5.Sell
100 000 EURUSD at green signal and close order at red Signal =
Loss $1000 |
| 6.Sell 1000 EURUSD at
red signal green close order at red Signal =
Loss $10 |
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| 7.Buy
1000 000 EURUSD at green signal and close order at red Signal =
Profit $10000 |
| 8.Sell
1000 000 EURUSD at green signal and close order at red Signal =
Loss $10000 |
| So, what is the proper
size of a forex account to perform any of the above
operations? First,
let us see the range of the market above, in 2 hours a 100
pip change occurred, so an account of $100 deposit would
have been wiped out with $10k lot losing trade and same
account would have grown to $200.00 with $10k winning trade.
In the above example, I
consider this currency price change over 1 hour period of
time to be very moderate as I experienced much more violent
changes occurring in a much shorter periods of time over the
past weeks.
Just few months ago when the
feds announced USD quantitive easing I was sitting in front
of my monitor managing my 25k live account on some bitching
brokerage firm that I do not want to mention here, just when
I had 500k buy positions and 500k sell positions, about to
open another buy position on the EURUSD so I break the
balance and make money if the pair goes up, something
totally unbelievable happened, the pair opened 5 cents
higher in the very next minute, this never happened ever
before, but now it did and it could happen again.
So what went wrong with my
all balanced trades? I got a margin call instantly even
though I had 90% available free margin in the minute before,
and the margin call with this particular broker means
liquidating all open positions without exceptions. They
return money laid out for open positions which I mentioned
it account to 10% of total account.
Why did I get a margin call
with all perfectly hedged trades, as I discovered later, I
had assigned profit limits to my up trades, and the trades
were closed profitable allowing the sell trades losses to
mount to eat up all usable margin in the account.
the second minute the price
dropped one entire penny, the third minute the price went up
2 entire pennies, but what can you do after the broker
freezes the platform for a full 3 minutes !, and this was
the occasion that made me go back to MT4 trading platform,
and I will never trade with another broker not allowing MT4.
The above story shows that a
700 pip price change in one day is quite possible and this
is called market volatility. To be protected against such
occasions, account sizes should be as follows:
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| $500 to trade 5k lots one
order at a time or 3 trades 2 in opposite directions |
| $1000 to trade 10k lots one
order at a time or 3 trades 2 in opposite directions |
| $10 000 to trade 100k lots
one order at a time or 3 trades 2 in opposite directions |
| $100 000 to trade 1000k lots
one order at a time or 3 trades 2 in opposite directions |
| Of course, if you traded for
a while and have doubled your deposit already you can take
bigger chances with money you already made, otherwise
you should stick to the above rule so you won't be sorry.
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Forex
Signal Software by Forexbody |
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You can get forexbody accurate
SELL
in red and
BUY
in Green Signal and Suggested target for
each signaled trade. More |
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Forexbody Signal includes the New
Forexbody Expert Advisor, Click play on Video below to see
how this EA traders ! |
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Best Forex Trading Advice
you can get anywhere ! |
| Got thousands of dollars? do not shove it
into a Forex account right away, First Learn in
Forex Demo trading
Mode, better yet, open a live mini account for under $300
and trade mini lots, Look at your numbers this way:
When
you make $50.00 Profit in your live-practice account, think
of it as $500 in your standard account
When you lose $100.00 in your live-practice account,
think of it as $1000.00 you could lose with a standard
account.
When you Double your multi hundred account think of it as
You could double your standard Forex account
When you drain the entire mini account you could think of
it as if You have drained a multi thousand Forex account
Continue practicing your mini live account until it
either turns to a standard account, or become too small to
make the smallest order size which is a micro lot of NZDUSD.
at that time you either have to add funds or quit the entire
idea, but by doing this the right way you could have saved
yourself thousands of dollars in possible losses.
The image on the right
shows trading volumes for all the currencies,
This in 2009 and clearly shows that EURUSD pair
is the most traded instrument in modern age thus
it is the most liquid one and the one you should
learn more about its market. Forexbody provides
expert
advisor that can work on any currency but we
provide settings for EURUSD pair only and now
you know why. |
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Forex Market Hours
Forex Market Hours :
just move mouse between vertical bars to view times |
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Simply move mouse cursor between the bars to see time on
Eastern, GMT and Dubai Time zones. |
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The Forex market is open 24 hours, 5 days a week. Monday
thru Friday business hours of the above cities |
| Forexbody Automated Trading
Beats Any Other Automated or Manual System Hands Down ! |
| Forexbody EA Purchasing via
Paypal Options: |
| We are confident that you will make money
with this EA that we offer you this product at no charge if
you select Package 4 |
| We have 2 options with VPS, if you are
thinking on hosting your live Forex account on your broker's
cheap or Free VPS think again, You may be destined to lose
your hard earned money due to that alone, Broker's free VPS
are very limited in resources, highly shared and not
recommended. You need your own VPS that you can run just the
way you run your very own computer but with the added
benefit of high connectivity and uninterruptible power
supply. |
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| Package and Details |
Price |
PayPal |
| Forexbody EA VPS Bundle 1
For Professional Forex Traders |
You will receive The Signal Software plus
the AutoTrader for your MT4. We will provide VPS ( $50 a
month value ) for your account on monthly basis. Your VPS
and EA will expire one month after your last payment if you
cancel your account. We will provide full setup and daily
maintenance of your VPS without having access to your Forex
account credentials. |
$97.00 a month for 12 months |
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| Forexbody EA VPS Bundle 2
For Professional Forex Traders |
You will receive The Signal Software plus
the AutoTrader for your MT4. We will pay your VPS ( $50 a
month value ) for 1 year in advance. After one year you
would continue to pay monthly fees to VPS provider. This is
the sure way to guarantee no trading interruptions. |
$995.00 one time |
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| Forexbody EA Package 3
for serious Forex Traders |
You will receive the
Signal software and the EA with right for free future
updates for life. No VPS server. but if you have a VPS you
can receive remote setup free of charge. you also can
receive free remote session for setup on your computer.
Forexbody System wizard is included Free of charge. |
$395.00 one time |
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| Forexbody EA Package 4
For those willing to share their profits |
By working with your
broker we can establish a profit sharing relationship. No
manual trading or other EAs will be allowed on your account.
You input your Forex account credentials one time without
our observation. Minimum account size for this option is 3k
balance and balance = equity, meaning have no open trades at
the time. No withdrawals for 3 months from start time. 66/34
% basis. 66 of profits for you and 34 for developer who will
also maintain your VPS. |
No Charge / Profit share
basis |
Contact |
| Forexbody EA Package 5
For Fresh Forex Traders |
With this option you will
receive a special version of the EA that can be used
only on very small Forex accounts under $3000. The EA can
grow your account to a maximum equity size of $10000 and once
account equity is more than $10000 you are required to
upgrade to one of the above options or the EA would not
trade. We have created this option for those under the
impression that the Forexbody EA is just another EA like the
ones they have tried before. Upgrading is easy once upgrade
payment is processed. |
$2.00 a day - Ongoing
until cancelled or upgraded |
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There is considerable exposure to
risk in any off-exchange foreign
exchange transaction, including, but
not limited to, leverage,
creditworthiness, limited regulatory
protection and market volatility
that may substantially affect the
price, or liquidity of a currency or
currency pair.
More over, the leveraged nature of
forex trading means that any market
movement will have an equally
proportional effect on your
deposited funds. This may work
against you as well as for you. The
possibility exists that you could
sustain a total loss of initial
margin funds and be required to
deposit additional funds to maintain
your position. If you fail to meet
any margin requirement, your
position may be liquidated and you
will be responsible for any
resulting losses. To manage
exposure, employ risk-reducing
strategies such as 'stop-loss' or
'limit' orders. |
