MetaTrader 4 Platform Overview

Using technical indicators

A typical technical indicator applied to a chart uses one to three pieces of information: time, price and/or volume. The indicator takes that information and creates a visual representation of the data to give you insight into where a pair is headed.

Because Forex is a distributed market, there is very little volume information. That usually leaves just price and time. There are a lot of ways to analyze that information and the potential variables are endless. Understanding how to wade through this data is vital. Technical indicators are designed to help.

Introduction to charting

Charting is a primary tool of use by the forex trader. Combined with solid fundamental analysis, it give traders insight into trade timing and potential profitability.

Reading and analyzing charts is something that you get better at with time and experience. But it's also easy to abuse, as it's a highly subjective exercise that you must learn to adapt to your trading style. Be sure to understand whether you're long- or short-term focused, and decide if you're aggressive or more conservative, as those factors impact your use of charting and technical analysis.

Introduction to Fibonacci analysis

Fibonacci analysis is a technical method for forecasting levels of support and resistance and projecting price targets. It can be used to set stops as well as timing entries, however, the most valuable information is what it can tell us about risk.

How to Use Oscillators to Trade Breakouts With the Trend

The basic points discussed in the video are as follows:

• Only go short if price is below the 50 simple moving average
• Only buy if price is above the 50 simple moving average
• If price is above the 50 SMA and the oscillator reaches an overbought level, wait for a pullback. If price rallies and goes back to where it was when the oscillator flashed the overbought signal, then buy
• The same principle can be applied with oversold levels and shorting when price is below the 50 SMA

How To Trade Forex

Research the best ways to invest. Forex is the biggest financial market in the world. It is bigger than the US stock market, because the daily turnover has now exceeded 4 Trillion US dollars.

Find a Forex broker. You need to trade through a broker who provides execution by "Instant Execution" technology; Low requirements for network connection speed and system resources; Useful interface and High level of security. But the most important thing is to find a regulated forex broker. Regulated Forex brokers adhere to strict regulatory guidelines, FSA is one of the regulators for UK brokers and MiFID for Brokers operating in the European Union.

Understand world currency and its fluctuations. Currencies are traded in pairs. Choose a single pair and learn how to trade it until you get to know how that pair moves. The best currency pair to trade is the EURUSD. Other good currency pairs are GBPUSD, USDCHF and USDJPY. These four pair make up 160% of all forex trades. Since 2 currency pairs are traded the total is 200%.

Get a charting package which allows you to see the current price as it happens and make technical analysis. The most popular trading software is Metatrader4 Platform.Its easy to use, chart are well presented and the software has multiple technical analysis tools for a trader to choose from. The trading platform/software displays trading charts computer screen; the charts show the current buy and sell prices of the various currency pairs. The platform helps you keep track of your funds and how the currency pair which you bought or sold is doing.

Learn a trading system which gives you an indication of when to enter and when to exit trades . Following the markets price action is a popular method that professional traders have been using for over a hundred years before charts. Candlestick patterns, indicators and mechanical Trading Systems can also be used. All these methods are discussed in detail on tradeforextrading.com.

Start with a demo account before trading with real money. First start by Openning a Demo Account and trade the demo account, until you get to understand ho the forex market works and when you are confident and consistently making good trades then you can open a live forex account.

When you open a live trading account, trade with money you can afford to lose (Risk Capital) and learn how to manage the emotion of risking and losing or gaining money by learning Forex Psychology.

Walter Peters on Price Action vs. Indicators (And How Indicators Can Hinder Development)

In this video, Peters shares his take on the age old discussion of price action vs. indicators, and why he favors price action. He believes indicators can be especially tempting to new traders to easily discard without thoroughly thinking about, while experienced traders who use indicators will be able to determine what the indicator is telling them simply by looking at the price anyway.

Forex trading tutorial for beginners. Start trading like pros today!

This is promotional video about forex for very beginners.

How to Take Screen Shots In Metatrader 4

How to enter a Support and Resistance trade

Hi everyone, it's Erich with this week's Trick's of the Trade, the Learn Trading segment of the Traders Helping Traders Big Weekend Edition. This week it's not so much a Trick we're going to focus on but rather an answer to a question that was emailed to me by one of the members, who was interested in knowing a little more about how we actually enter a support and resistance based trade. I'm glad he sent this question because i tend to forget that from time to time we need a refresher of some of the more basic futures trading concepts. If there's ever anything we're doing that you're not clear on I hope you will drop me an email or post it at the forum so I can answer it for you .Alright, let's take a look at how we actually go about entering a support and resistance trade. Fortunately it's not as difficult as you might think. There are a lot of ways to enter a market.

Magic Numbers in MetaTrader Explained

Have you ever wondered why so many Expert Advisors ask for a magic number input? This video explains the reason they exist and what you should enter into your EA.