Michael Tangalov

Article

Basic Money Management

Forex trading is a tricky business, everyone knows that. First we are attracted to the market by all kinds of teasers, spam affiliate mailings, promices that this is it - look no further and that kind of staff. Some people really look no further. They buy tens or hundred of Forex indicators, Expert Advisors, subscribe to forex signals and other services without even making an effort to try and understand the real logic of the Forex market, what forces are driving it and what is logical to expect from it.

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Forex Robots Basics

If you are new to Forex trading or even if you have already blown a couple of accounts, you may have heard of the so called forex robots also known as forex expert advisors or EAs. These are automated programs which you install onto your MetaTrader4 platform so that they use the logic of winning trading strategies borroed by experienced traders to trade for you. Most of them are fully automated so you do not even have to know abything about forex trading or computer software! Sounds nice, doesn't it? If only it was true.

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Why Forex Robots?

For all I know about Forex trading, it is all up to the laws of the big cake... The Forex market has a daily turnover of 3 to 7 trillio USD (that is 3-7 000 000 000 000 USD) and that makes it probably the biggest cake ever. And where the cake is enormous, the crumbs are huge! I have been engaged with forex trading for over 8 years now and I can tell you one thing - it is a business that large that you can not even try to imagine it. For those who have succeeded, it has brought wealth and prosperity, and the other 98% have gone broke, some of them multiple times.

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How Much Money Do We Need To Start Forex Trading?

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Forex Indicators - What Do They Indicate?

Selling Forex indicators is a comparatively new business as it could only flourish once personal computers and internet became publicly available and affordable to the wide masses. Yet "new" is not the word to focus on from the previous sentence, but "business".

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