Author: Team ForexBoat

How to use Metatrader 4

How to use Metatrader 4 comes down to opening an account, performing a quick installation, setting up the right navigation tools and you will be ready to place trades. Certainly, Metatrader 4 is the most popular trading platform for retail traders because of its simplicity and ease of use. This guide will teach you how […]

Forex Spread Intro

You know that the Forex spread is an important factor in choosing which currency pairs to trade and even which broker to trade with. But what is a Forex spread? And why does it matter? In essence the spread is the difference between the Bid and the Ask price. It is what the broker charges […]

Taking on Forex trading is, like any endeavor, a journey that has its own set of victories and defeats. For you to become a successful trader, besides diligently educating yourself, planning, and executing your strategies, the ability to remain coolheaded and not get tangled up in emotions is as crucial as the rest. This is […]

Forex advisor for backtesting

In this post we share with you an Expert Advisor that helps us with our Backtesting. Specifically, we want to haveclean and live data before we run our Backtesting. This Expert Advisor will automatically save data at any given time in our MT4 platform, giving us reliable information to test our strategies.

Feel free to leave us some feedback if you have any questions on the code or if you just like our tutorials!

Source code below

Feel free to share!

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Forex take profit

Have you ever noticed how often you bargain for things you want to buy while travelling abroad, even if the price is already far less than what you would expect to pay in your own country? Because you’re just trying to get the price you think is best for what you’re purchasing! Well, in trading you should be thinking similarly – just because you regularly make money from your established take-profit level, are you extracting the maximum amount from every trade? Is my stop-loss too close to my entry point? How is my take-profit in regards to my stop-loss? Let’s discuss about how to set your take-profit.

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Identify Forex market phases

The timeframes offered by various FOREX trading platforms are essential elements to your trading plan and investment strategy. One of the most common questions from traders is “What time frame works best?” There are a few different time frames you can work with, so let’s see how you can use them to identify FOREX market phases.
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Whether being a trader is your full-time job or you wish to get an additional return on your savings, investing on the FOREX market involves carefully thinking about which trading strategy you will implement based on your capital, your time horizon, your risk aversion, your money management, your psychology etc.
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Symmetrical trading in Forex

Should we always rely on symmetry in buying and selling parameters?

Once you start learning about trading strategy and the technical indicators available, you will often see the same widely used parameters for popular indicators, as if these parameters were absolute rules that are set in stone.

On this blog post, we will know more about different perspectives on symmetrical parameters in Forex Trading.

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