Review Summaries

If you want to make real good profits in the foreign exchange (or forex) trading game, then you would need to own every single pip that you can get. Unfortunately, the learning curve sometimes was not really in my favor. I needed to come up with an alternative to the hours of technical analysis and research on news and historical data.

The only way to improve my chances is to find a way to make efficient trades without being bogged down by technical analysis or research. So I experimented on using EMA crosses, news trading, and other techniques, only to find myself losing more money and sleep over them.

Then I came across the Expert Advisors, or forex trading EA. A forex trading EA is an automatic forex trading system that operates under a Metatrader 4’s trading platform. The dealbreaker here, is that you need an account with a forex broker, which supports Metatrader 4. However, that is no longer an issue today as Metatrader is already supported by a lot of forex brokers today so all you need to do is to look for one that is inline with your expectations.

So why is it a big deal to have these so called forex trading EA? Read the rest of this entry »