The Trader FX

Monday, February 2, 2015

Top 10 Forex Sites

Here is the list of the top 10 Forex sites ranked by Alexa:

1. Investing.com - technical analysis and real-time data streaming for the Forex, commodities, major world indices and futures. Includes trading and investment tools.

2. Forex Factory - a forum that includes market calendar and news

3. DailyFX - foreign exchange analysis, currency news updates, FX forum, currency forecasts and charts

4. FXStreet - real-time exchange rates, currency charts, news, market forecasts, technical analysis, and a currency converter

5. XForex - a broker with stand-alone forex trading platform

6. Trading Economics - view, download and compare thousands of economic indicators

7. FXCM - a leading Forex broker

8. Babypips - simple easy to understand guide for teaching beginners how to trade

9. Forex Peace Army - reviews of Forex services, resolves Forex scam incidents

10 Dukascopy - a leading Forex ECN broker and a bank

Link to Top 10 Forex Sites - 2019 edition

Wednesday, January 28, 2015

Top 10 Forex Forums

A Forex forum is an online discussion site where other people hold conversations about the Forex market and trading in general in a form of posted messages. the most popular Forex forums are

1. Forex Factory - a leading online Forum with a huge trader base and established reputation

2. DailyFX Forum - a forum owned by one of the leading brokers - FXCM

3. MT5 Forum - official forum of Metatrader users

4. Babypips Forum - one of the best Forex educational sites with forum

5. MQL4 Forum - official forum of Metatrader users

6. EarnForex - another well-populated Forex forum

7. EliteTrader - forum without subsections

8. Trade2Win Forums - a forum dedicated to Forex traders

9. Forex TSD - very popular Forex forum

10. Forex Abode Forums - another well populated Forex forum

Link to Top 10 Forex Forums - 2017 edition

Monday, December 15, 2014

Start your own Forex signal service

A great book written by Rimantas Petrauskas who is a very experienced Forex trader and skilfull Forex programmer. He has successfully thaought many clients how to succeed in Forex trading. The book, “How to Start Your Own Forex Signal Service: The Next Step Every Forex Trader Should Take to Build an Automated Passive Income Stream ” has been created to help those interested in making an income through developing a Forex trading signals service.

It explains the steps that the author has used to create his own successful Forex signal service business. There are many details about the ways and approaches to find great sources for trading signals that can be sold to customers.The book is easy to follow and it will teach those who have no experience in starting their own website. It explains what software can be used to deliver trading signals, and also the methods that can be used to run a business.

Happy trading!

Monday, May 19, 2014

Top 50 Forex Twitter Accounts

Every decent Forex Trader must have a twitter account because it provides immediate news, analysis, charts, and many interesting articles. In order to help you to find the right accounts to follow, here is the list of my 50 favorite twitter accounts.

@eFXnews - provides global FX strategies and analyses from leading investment banks worldwide
@Investingcom - a top financial web portal that offers news, technical analysis, real-time quotes, charts
@FOREXcom - actionable Forex trade ideas, analyses and more
@marketpulsecom - A global team of securities analysts & strategists provide 24/7 coverage of the largest financial markets, with a focus on forex, commodities & global indices.
@DailyFX - providing forex trading news, currency forecasts, analysis, education, and strategy.
@Fxflow - real-time analysis of Forex market, market predictions of BKForex
@FXStreetNews - 24/5 real-time forex news
@marcwalton - Forex mentor and professional Forex trader
@ForexLive - news, updates, insights from Forex market
@50Pips - independent professional Forex coach and mentor
@CharmerCharts - Technical Analysis for the professional futures & Forex trader
@piptrain - Forex trading using technical analysis
@JamieSaettele - technical strategist at DailyFX
@TheTraderFX - independent full-time Forex and Futures trader
@CVecchioFX - currency analyst at DailyFx
@gregmikeFX - chief currency analyst at FXDD
@newsinvesting - real-time news from currency and stock markets
@PipCzar - independent trader and currency strategist
@IlyaSpivak - global macro strategist at DailyFX
@FGoria - financial journalist
@Francesc_Forex - president and founder at FXStreet
@JoelKruger - currency strategist and trader
@forexcrunch - Forex news opinions, forecasts
@chrislorifx - foreign exchange fund manager
@leanco - independent professional Forex trader
@MBForex - trader and currency strategist at DailyFX
@kathylienfx - market predictions and real-time analyses at BKForex
@tradingfloorcom - Forex and Stocks trading community
@currencynews - currency news and Forex fundamental information
@forexmagnates - latest retail and institutional Forex news
@RenaTrader - full-time Forex and Futures trader
@GregaHorvatFX - Forex, Futures and Stock trader
@MWellerFX - a senior technical analyst at Forex.com
@dfxplussignals - trading signals from DailyFX
@WEnglandFX - trading instructor at DailyFX
@AidanFX - full-time Forex trader, technical analyst and signal provider
@PLTfx - Forex trading advisory and fund management
@ElliottForecast - Elliot wave forecasts with swing trading ideas
@EasyForexDR - latest Forex trading news
@Darlington_Dick - Forex news and opinions
@Craig_AlpariUK - a market analyst at Alpari UK
@Joshua_AlpariUK - research Forex analyst at Alpari UK
@fx4you - Forex broker offering charts and analysis
@ForexFreshNews - hot news about Forex market
@aspentrading10 - Forex and stock advisory
@MCarrilloFX - Forex analyst
@edjmoya - a chief technical analyst at World Wide Markets
@EdMatts - senior technical strategist at Capital Management
@FXDIRK - Forex trades provider
@saxobank - international investment bank

Happy trading !!!

Link to Top Twitter accounts - 2017 edition

Wednesday, April 30, 2014

Forex Bank Prediction resources

Whether you are a long term trader or a scalper you will always be curious about and would like to know what are the big players in the Forex market doing. What are their positions? Fortunately, certain websites do provide that kind of information. To be more precise I am talking about the positions that are held by the big banks and big hedge funds.

The best websites with bank positions, or in my opinion, the most useful ones are:

1. eFXnews - it is a Boston based financial media agency covering global FX markets. It provides the positions held by the biggest players in the market. Highly recommendable one.

2. PLTfx - it is FX trading advisory and Funds Management. Another great resource that provides bank Forex positions. It requires login.

3. Forex Quebec - it is a global Forex trading portal that provides bank positions under its bank forecasts section. It is a good resource though it is not providing the forecasts on a daily basis.

4. Dukascopy TV - a Forex broker that is providing the information in video format on a part-time basis.

5. Forex Street - another global Forex trading portal. It provides many positrons of slightly less relevant players in the market.

In short, it is always useful to know what are the biggest players in the market predicting before you enter your position.

Friday, May 17, 2013

Profitable trading using Forex Robots (2)

Due to huge interest was shown in the previous post about commercial Forex robots. I have decided to extend the list of recommended ones by two new ones.

WallStreet Forex Robot

Trading pairs: EURUSD, USDJPY, GBPUSD, USDCHF on 1-hour time-frame
Average weekly gain: 2.24%
Min. deposit: $1000
Independent test results #1: Link
Independent test results #2: Link
Order website

Forex MegaDroid

Trading pairs: EURUSD on 1-hour time-frame
Average weekly gain: 0.38%
Min. deposit: $1000
Independent test results #1: Link
Independent test results #2: Link
Order website

Once again, I remind you that before you start trading on a live account follow the procedure explained in the previous posts about the robots and keep in mind the rules about the testing.

Wednesday, May 15, 2013

Profitable trading using THV strategy

THV is a legendary free manual trading strategy that was developed by Cobraforex. The strategy is originally designed for scalping (trading on smaller time-frames), although some traders successfully use it on larger time-frames. It can be applied to any trading instrument, but since it is a scalping strategy the better results are carried out on currency pairs with smaller spreads.

THV manual and indicators can be downloaded from here. Well, my intention is not to explain to you the strategy, but to point out on few additional things that can improve your trading results. Since it is a scalping strategy, I have applied it to a 5-minute time-frame.

First, I advise you to take only those trades that are in accordance with bigger time-frames. If on 5-minute time-frame buy signal is met then check out if according to THV strategy the pair is in buy zone on 15 minute and 1 on hour time-frame. If it is not, do not enter the trade. Also, if a sell signal is met, check if the pair is in sell zone on 15 minute and 1-hour time-frame.

Second, take a look at Economic calendar. Do not enter the trades half an hour before highly and moderately volatile news release for one of the currencies in the pair.

Finally, check the volume. Do not enter the trade if the volume is low. It should not be the problem if you are trading on a business day during London or New York session.

Hopefully, these remarks will help you to improve your trading results. Good luck!

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