Leverage is one of the most attractive and dangerous elements of trading Forex. Most Forex Brokers offer leverage of up to 1:500. Many traders understand the way that leverage can Maximize their returns but do not understand the negative aspects of leverage and how much it can cost. when Using excessive leverage the trader leaves themselves open to massive draw downs on even small market down turns. As we outlined in previous entries Many traders struggle with entry and exit points. When using excessive leverage the importance of setting appropriate entry and exit points becomes amplified.
This reason goes hand in hand with reason number 2. Many times new trades come into The Forex Market without a sensible plan. when you couple having unreasonable expectations with the fact the most new traders do not have a good plan you have a recipe for disaster. Some new traders will latch onto an Introducing Broker and try to make themselves feel better about their trading even though they do not really understand what the Introducing Broker is saying or doing.
On the last tip, we saw how to use the Momentum Forex indicator on the Metatrader 4 trading platform . Today, we will focus on learning how to use the RVI Forex Indicator, part of the Indicators suite of MT4. Seguir leyendo “Metatrader 4 Tip 22 – How to use the Forex Indicator RVI”
On the last tip, we saw how to use the chart buttons on Metatrader 4. Today, we’re going to focus on how to use the Market Watch on Metatrader 4.
To see the window where the pair quotes are, known as Market Watch, can be opened or closed pressing its button on the Menu bar or, through the key control Ctrl+M or through the main menu View and through the Market Watch option. Seguir leyendo “Metatrader 4 Tip 16 – How to use Market Watch”
On the last tip, we saw how to use the Metatrader 4’s Crosshair. Today, we will focus on how to use the Chart Menu Buttons on MT4
On the Buttons bar we will find a series of utilites to have a better view on the pair charts
To see the charts as a Bar Chart: Seguir leyendo “Metatrader 4 Tip 15 – How to use the Chart Menu Buttons”
The Technical Analysis Forex Indicator, RSI (Relative Strength Index), compares the magnitude of recent wins with recent losses to determine conditions of OB/OS in the Forex market. Seguir leyendo “Metatrader 4 Tip 10 – How to use the Forex Indicator RSI”
The Forex Indicator MA allows is to identify the direction of a forming trend.
How to Add the Forex Indicator MA on MT4? Seguir leyendo “Metatrader 4 Tip 6 – How to use the Forex Indicator MA (Moving Average)”
On the last tip, we saw Forex Indicator Tendency Lines on Metatrader 4. Today, we will be focusing on the use of the Forex Indicator Bollinger Band on MT4
The Technical Forex Indicator, BOLLINGER BAND, allows us to identify entry point in an oscillating channel on Metatrader 4
How to Add the Forex Indicator-Bollinger Band on MT4? Seguir leyendo “Metatrader 4 Tip 5 – How to use the Forex Indicator Bollinger Band”
The Technical Forex Indicator, TRENDLINE, allows us to define lines of Support and Resistance in the Forex market.
How to Add the Forex Indicator Trendline on MT4? Seguir leyendo “Metatrader 4 Tip 4 – How to use Forex Indicator Tendency Lines”