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Forex MetaTrader 4 Tips and Tricks
Learn Forex Signals on MetaTrader 4 Inside and Out
The industry standard Forex Meta Trader 4 platform has truly robust functionality, starting with basic order placement going all the way up to complex forms of system trading and trade copying. In this guide, FxPremiere analysts shares some of his tips and tricks for getting the most out of the MT4 platform.
- How to customize the layout of the MT4 platform
- Keyboard shortcuts that will save you time
- How to quickly implement simple modifications to the platform
- Creating an indicators favorite list to utilize just the indicators you
- Building a trading checklist within MT4
- Creating an indicator of an indicator and other forms of advanced indicator usage
- Optimizing your cross-time frame analysis
- Tips to help you scale in an out of positions
- Using automated trailing stops
- Setting alerts
- View and export your historical trade analysis
How to Trade CFD’s
Quickly Learn to Trade CFDs Like a Pro
The CFD guide is meant for those who are brand new to trading, and would like a simple and clear introduction of how CFD trading works. The guide starts by explaining what CFDs are the mechanics of trading them via the MT4 platform. If you’re struggling with the descriptions of ThinkForex’s product offering as presented on the site, this guide may help clarify the opportunity present in trading CFDs and how one can go about participating in the capital forex market.
Support and Resistance Levels
To start your education on technical analysis, let’s begin with the basics:
Forex Support / Resistance
Let’s start with the most basic concept of price action analysis and how to start plotting them.
The most basic–but powerful–charting tool in the tool box.
Channels Forex MetaTrader 4 Tips and Tricks
Now that you understand trend lines, lets take it a step further into channels to see opportunities in trends.
How to Trade Support / Resistance
Time to learn how to trade the lines using two simple ideas: the Bounce and the Break!
Trading Support and Resistance
A quick recap on support and resistance zones, and how to spot potential trading opportunities with them.
Japanese Candlesticks Forex MetaTrader 4 Tips and Tricks
Thank you, Mr. Steve Nison, for “discovering” the art of candlesticks!
What is a Japanese Candlestick?
Japanese candlesticks in forex trading are used to describe currency price action and can be used for any time frame.
Japanese Candlestick Anatomy Forex MetaTrader 4 Tips and Tricks
Just like humans, candlesticks have different body sizes. As fx traders, it’s important to take note of what type of body a candlestick takes!
Basic Japanese Candlestick Patterns
What do spinning tops, marubozus, and dojis have in common?
Single Candlestick Patterns
What the heck is the difference between a hammer and a hanging man? Time to start learning about your basic candlestick patterns!
Dual Candlestick Patterns
They say that trouble comes in twos. Read on to find out how dual candlestick patterns may not necessarily spell double trouble for your forex account.
Triple Candlestick Patterns
In the fx market, three’s not always a crowd. Not when you’re talking about morning stars, and three inside up patterns, that is.
Japanese Candlestick Cheat Sheet
Think you’re ready to spot basic candlestick patterns with blindfolds on? If not, don’t worry! Here’s a candlestick pattern cheat sheet just for you.
Summary: Japanese Candlesticks – Forex MetaTrader 4 Tips and Tricks
Here’s a rundown of what you need to remember about Japanese candlestick patterns.
Popular Chart Indicators
Trading is like building a house–you gotta have the right tool for the job at hand. So let’s put more tools in our tool box!
How to Use Bollinger Bands Forex MetaTrader 4 Tips and Tricks
What better way to start building up your trading toolbox than by reading up on Bollinger Bands!
How to Use the MACD Indicator
The MACD is used to identify moving averages that indicate a new trend. With a MACD.all about 3 lines.
How to Use Parabolic SAR
In trading trending markets, it is equally important to identify when the trend ends. The parabolic SAR might be just what you need!
How to Use the Stochastic Indicator
What makes Stochastic one of the most favorite tools of many BabyPips.com forex trade bloggers?
How to Use RSI (Relative Strength Index)
If you find that Stochastic isn’t your cup of tea, then you might want to take a look at the good ol’ RSI.
How to Use ADX (Average Directional Index)
ADX is typically used to identify whether the market is ranging or starting a new trend. Here’s how traders usually read ADX signals:
Ichimoku Kinko Hyo
No, “Ichimoku Kinko Hyo” ain’t Japanese for “May the pips be with you,” but it can help you grab those pips nonetheless.
Trading with Multiple Chart Indicators
Now that you know how some of the most common chart indicators work, you’re ready to get down and dirty with some examples.
What is the Best Technical Indicator in Forex?
Now on to the good stuff: Just how profitable is each indicator on its own?
Summary: Popular Chart Indicators
Here’s a recap of the latest trading tools that you’ve learned that will make your momma proud!
Now that you know about the basic Japanese candlestick patterns, why not take it to the next level and learn about the Fibonacci retracement tool?
No, Fibonacci is not some type of pasta. Learn all about the man behind the concept and what it actually means.
How to Use Fibonacci Retracement to Enter a Forex Trade
The first thing you should know about the Fibonacci retracement tool is that it works best when the market is trending.
Fibonacci Retracements are NOT Foolproof – Forex MetaTrader 4 Tips and Tricks
What happens when Fibonacci fails? Could it be because of your swing highs and lows, or are markets just not responding to it?
How to Use Fibonacci Retracement with Support and Resistance
In this lesson, we’ll show you how to combine the Fibonacci tool with support and resistance levels.
How to Use Fibonacci Retracement with Trend Lines
What’s another way to tilt Fibonacci levels in your favor? Combining it with trend lines, of course!
How to Use Fibonacci Retracement with Japanese Candlesticks
Check out how combining candlestick patterns with Fibonacci levels can improve your trading odds.
How to Use Fibonacci Extensions to Know When to Take Profit
Fibonacci levels aren’t only used to spot entry areas – they’re also good places to take profit!
How to Use Fibonacci to Place Your Stop so You Lose Less Money
If you can take profit at Fib levels, then you can definitely place stop losses there too!
Summary: Fibonacci Trading Forex MetaTrader 4 Tips and Tricks
Here’s a review of what exactly the Fib levels are, as well as their use in trading.
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US Dollar Exchange Rate Forecast – What Could Save the Dollar?
The US Dollar has dropped from grace and finished as one of the worst performing global currencies through mid-year. And yet it has several factors which should be working in its favor.
Forex SMS Signals
Euro Exchange Rate Forecast – Can this Rally Continue? FX Signal, Where Will the Dollar, Euro, Oil move
Thinking of trading in a trending environment? Try using moving averages!
What Are Moving Averages?
A moving average is simply a way to smooth out price action over time. Here’s what it looks like.
Simple Moving Average (SMA) Explained
These are calculated by adding up the last “X” period’s closing prices and then dividing it by X. Confused? Don’t worry, we’ll make it crystal clear. Forex MetaTrader 4 Tips and Tricks
Exponential Moving Average (EMA) Explained
Think an SMA is too easy breezy for you? Try your hand at using EMAs!
Simple vs. Exponential Moving Averages
How does an SMA differ from an EMA? It’s pretty simple, actually.
How to Use Moving Averages to Find the Trend
One sweet way to use moving averages is to determine trends. And that’s just the beginning!
How to Use Moving Average Crossovers to Enter Trades
If MA lines cross over one another, it may signal that the trend is about to change soon.
How to Use Moving Averages as Dynamic Support and Resistance Levels
Another way to use moving averages is to use them as non-traditional support and resistance levels. Here’s how:
Summary: Using Moving Averages
You may forget your name, but you should never forget the basics of moving averages!