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Articles Archive for April 2009

Forex Training »

[24 Apr 2009 | Comments | 59 views]
The Perils of a Free Forex Education

Most everyone knows of the great attraction of forex trading. The potential money that can be made is enormous. The money that can be made, however, comes with a high risk of loss. The high risk of loss comes because the Forex market has a way of providing a free Forex education to ignorant traders. An ignorant trader can write a thesis on ways to foolishly lose money.  A smart trader will minimize the risk of loss by investing time and money into a formal forex education.
Why invest in a …

Forex Expert Advisors, Forex Training »

[2 Apr 2009 | Comments | 71 views]
The Importance of Trading Logic When Evaluating An Expert Advisor

Many traders fail to make money with Expert Advisors because they have no confidence in the trading system. This lack of confidence is due primarily to a lack of understanding of the trading logic.
Many of the EAs on the market have proprietary trading logic which is understandable for a commercial product. You don’t want to publish competitive details. These EAs should provide some knowledge of the general strategy, however, to let traders understand their approach.
Market timing is a good example of understanding trading logic. …