Alan’s Forex Blog

Hi everyone. Here is an interesting tutorial that I found on a forum (Google search is your friend.) I hope the admin does not mind me reproducing the post. I hope you find it useful. Here comes the article:
Spread is one of the crucial parameters that might dramatically affect short-time trading systems performance. By such [...]

Greetings dear fellow forex traders. Today I’m going to briefly show how you can get your MetaTrader account history performance statement to show the profit or loss in PIPs. I’m pretty sure there must be a few of you out there who’ve always wondered how to get MT4 to do this. Unfortunately the bad news [...]

To get the most out of your expert advisor, you’ll need to optimize and backtest your strategy using MetaTrader’s Strategy Tester. While forward testing on a demo account is essential, backtesting allows you to simulate trading over a long period of time in just minutes. And with the optimization feature, you can find out which [...]

Checkout this very informative article by Lilly De Clerck from aboutcurrency.com
In this lesson, I will talk about the different ways how you can trade forex during key economic
news events.
Most common used news strategies:

Trading the Numbers
Straddle the News
Hedging the News

Trading the Numbers
Traders want to take advantage of the discrepancy between the forecasted and the
actual key [...]

Let’s face it, the majority if not all forex brokers that support the MetaTrader 4 platform are pure bucketshops. I have yet to find ONE MT4 broker which offers a true non-dealing desk trading environment. A lot of them claim this, but it is all pure bullshit, if you’ll pardon my french. If they have [...]

In a previous post I talked about how to achieve 90% modeling quality in your backtests by using Alpari’s databank files. Well I have good news! You no longer have to go such great length to get 90% modeling quality.
The makers of the MetaTrader 4  platform, MetaQuotes Software Corp, have decided to provide a data [...]

Short Term Trading Techniques for the FX Market
Given my background as a scalper in the equities market for eight years I am often asked if those same techniques are applicable to the FX market. First, it is important to define how one defines scalping. First, recalling my days as a floor/screen based trader of equities [...]

Here is a very good article written by Felix Homogratus about how to evaluate forex brokers before you open up an account with them.
Step #1: Does forex broker provide natural trading environment?
First step is to determine whether the forex broker provides natural trading environment or artificial trading environment.
Let me explain…
Bids & Offers Example. Let’s [...]