Aug 25, 2019 4:16pm

Why  Forex is your first choice?

New things are happening all the time in our lives,we are learning something new to livelihood or need to know. Forex is now an integral part of our lives (for those who are fully or partially involved with Forex trading). If a young trader is asked, "Why Forex is your first choice", the reasons he can show you are -


You can start trading Forex with a small amount of capital and this is the number one advantage of Forex. When you can deposit about $ 10,000 to start trading stocks, you can easily start trading with a deposit of $ 100. This is one of the most important benefits for small traders in forex.


Are you know, Forex trading is the biggest liquid market in the world. Because there is a constant of supply and demand for money. One of the most advantages of Forex trading is that the market is open 24/5 hour/day. This means that you don't have to adjust your schedule to wait for the market to open, you can trade all day. Under normal market conditions, you can easily trade outside your position, as there is sufficient supply and demand in the forex trading market. If you have done the good trading strategy, trading will be as easy as water.

Technical development

Software development is certainly one of the most important things about Forex trading. Forex brokers offer new trading platforms. Third-party software providers provide a significant amount of useful trading extensions.

Short business

One of the main advantages of the Forex Marketplace is selling currency without first earning the currency. According to the main business theory, profit is to buy low and sell high, but on Forex you can sell high and buy low. This way, you can potentially gain on both downward and upward trends. Although this applies to smaller stocks, it is more complicated. Meanwhile, if you believe that the trend is going down, you can sell assets with just one click. The best forex trading signal provider like PIPSLOVER is on your side with their various signal offers.


When it comes to trading, the rule is - the bigger your capital, the larger your trade size. When the leverage is deployed, a trader can buy or sell a fund 500 times more than it can afford. That way, you can easily generate even more substantial profits (or losses) without having to invest a great deal.

With the above five main forex trading benefits, Forex is bound to be your first choice. Of course, there are more, but the above is most important, especially for beginners.

If you are a professional trader, you will probably be aware of the major advantages listed above and you will also understand the risks of forex trading. Let's see why Forex is their first choice for professional traders -


MetaTrader 4 and MetaTrader 5 are integrated with MQL signals, so successful traders can easily sell their trading signals to any trader using the MetaTrader software. This way, you may not be able to earn your income directly from trading, but you can generate additional revenue indirectly.

If you have a good trading strategy that results in positive and consistent results, then MQL signals can benefit you. It is the largest market for trading signals that many sellers and even more buyers have.


Like most markets, you will need to obtain a license for these activities in order to publish Forex trading signals to investors. If you want to provide investment advice or trading signals for stocks, you need to be licensed, and this process is quite expensive. But keep in mind that if you have a license, people's confidence in your signal increases.

Account Management

Being a Professional Forex Trader, you can become an Account Manager.The main difference between managing a signal and account is that your volume is not compensated with the signals. Otherwise, when a signal is transmitted, a person copies your business with $ 100 and another person trading with $ 100,000 pays the same price. You can build your own flexible compensation system while managing someone's account. Such as a system success can be based on fees, volumes or other factors.

See Forex account management as a way to increase the number of funds available for trading. Similar to trading leverage, this fund allows you to generate bigger deals and potentially generate higher profits. You should always check the applicability of certain laws with your broker that apply for EAs and account management offers as this can make the difference in the jurisdiction.

Loyalty program

Forex trading signal providers often expose themselves as expensive service providers. They provide you with continuous trading position signals and they rarely return anything to clients. From Forex Trading Brokers you can expect a dedicated account manager who is always there to assist you.

The essence

As a professional, Forex trading is a smart move. You will get all the help and guidance you need from an account manager and become a signal provider or trading account manager by your own skills and you can earn extra revenue from your trading. Easily accessible and professional Prime account in Forex market starts at only 1000 USD, so don't hesitate to apply for one.

Forex will show you a whole new world of trading to offer and trade in abundance - a world where technology has no limits. Just be sure to test your trading strategy in a risk-free environment before taking a dive.

Aug 2, 2019 4:10pm

A good trading strategy characteristics

Today we are going to discuss more valuable part of the Forex,. So, lets jump on the journey. Trading strategy is the most common phenomenon of the Forex. At first, we have to know what’s the trading strategy? It’ mean that, how do you trade, a complete trading plan. Of course, you should have proper rules for your trading. Hence, if you are going to buy or sell, you must have got specific reason for that. A good trading strategy definitely tells you, when you should go for buy & sell or abstain from the trade.

 A good trading strategy must have the below characteristics ;

---- When you do buy or sell or refrain from trading.

 --- It gives you the exact proportion of volume/lot size per trading.

---- What amount of risk you can take in each trade ?

 ---- A good trading strategy must figure out your stop loss/take profit/trailing stop.

 ---- How many trades you can execute in together.

--- Why you should go for trade now? & you have to do buy or sell.

Every trader has a different style of trading method . Some of them continue their trade to watch an indicator, someone tries within price action & noticeable thing is that, there are so many traders, who execute their trade only see the market price of a particular pair. But if you have a perfect trading strategy, then you will not have to face this kind of dilemma  like do I go for buy or sell ? You don’t need to ask someone & need not buy a signal for your trading. Because you should know how to make signal, if you have proper trading strategy. You can sell your Forex signal as well. ( But keep it in your mind, if he will loss, definitely he blames you)

 Most of the traders follow the indicator, so at first let’s talk about the indicator based trading strategy.

Here is the example no.01

Please check out the below chart:

Here you can see red line. It is moving average line. Suppose, it is our trading strategy. Moving average indicates the market trend. When the candle will close above the red line, its indicates the buy signal, & if the candle close below the red line, So, we can say that , it’s a sell signal. You made a trade & got some profit as well. ( please note that, it is not working always) We will talk later on, how can you make your signal more risks free. If anyone asks now why did you go for buy, why not sell ? Then your answer will be your trading strategy. Your trading strategy told you to do it. From now on, you don’t need to trade by only your guess. This trading strategy will tell you , it is the right time of the buy or sell. You will run your trading in that way. Is it not good for trade than your guess trading?

 Example no. 02

Now we will add extra indicator with moving average to more accurate our signal.

Parabolic indicator has added to the chart. Now these Two indicator, what they tell we will do it. If they say sells with together, then we will do it. If they say for buy with together , then we will be going for buy. But if these Two indicator indicates different signals separately, then we will refrain from trading. In parabolic indicator, when, dots stay below the candle, its indicates for buy, but when it is in above the candle then it is a sell signal..

                                           Please check out the below chart.

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Please see, moving average stayed in above the red line, & parabolic indicator showed dots stay in below the candle. It’s seems both candle is pointing out for buy signal. These are just examples. This is shown for understanding..

Exit from the trade :

So, your trade is open now, gets some profit as well. Here, the main point is when you close trade ? How much profits, you will close our trade, 10 pips, 50 pips or more ! Or your trade going to losses, so how many losses, you will accept ? 10 pips? Or you will wait until 200 pips loss. Hence, you should have proper rule to get out from your trade.

 It depends on your money management. Suppose you have deposited $1000. You want to take 5% maximum risk on your every trade. Then, we can say that, you are ready to lose maximum $50 on your each trade. If you want to set up 50 pips stop loss then your pips value will be $1. But if you want to set up 100 pips stop loss, then your pips value will be 50 cents.

 Now come to the point, why you have to close your trade :One reason may be, you have already got your targeted profit. So, you don’t need to more profits. You should close trade now. Another reason is that, market trend may change, so there is a chance to reduce your profit, or loss may increase further. So, you should close your old trade, & try to catch the new trends. Loss trade will convert in profit, hope this in that way is such a foolishness. The reason for fear is that, many traders in Forex market, they think that their loss trade transformed in to profit that’s why they consume a huge loss. So, you should follow always your trading strategy .

 How to set up your stop loss : You can set stop loss according to the support, resistance & pivot point. You can set fixed 30/50/100 pips stop loss, but most often this type of stop loss is the reason for loss.

 How to set up take profit : You can set take profit alliance to support, resistance & pivot point. You can also set take profit fixed 30/50/100 pips. As a trailing stop you can set 15/25 pips. Trailing stop will automatically set the points of your trades while trade profit will increase with a fixed number of pips.

How much do you trade in together :It depends on your trading system, how many trades, you will do together. Please keep in your mind do not trade more than 5% of risk. If you want to trade with different pairs at once, to keep an eye of your risk, (all of your trades) so that it should not more than 5% of your account balance. Overall don’t give any chance to lose more.

Last words :

Now, you know how to trade. When you are going to buy & sell or refrain from the trade. While trade will close to lose or how much profit you should take. These elements are your trading strategy, If you not trade in accordance WTH the trading strategy it’s mean that you will lot closer to lose. Now pick your right weapons from Forex arms & create your own trading strategy. You can test other strategies, those are good, add this in your strategy & make your strategy more developed & share with us. You can ask questions if you have any query. Stay with pipslover. Com. 

Jul 27, 2019 7:04pm

What is auto trading

The way in which your trade will automatically open  and close itself and everything will be driven automatically according to the trading balance, where you have nothing to do is called auto trading. This method is a programmable code-based sorting method (robot) where it is said how the method works on the base of market movement, how many pipes to profit, how many pipes to lose, how many volumes of trade will be open, risk will take up to the maximum amount etc.etc. everything  need to forex trading.

Advantages of robots:

•Trade will be automatically for 24 hours.

• It works on a specific system. so the rules never break.

• There are numerous settings that can be handled through own settings.

• Data analysis is done effectively in a very short period of time. 

• With basic knowledge any new trader can income in this way. 

• Working with a specific currency, the trading loss is very low.

Disadvantages of robots:

• Need to set it to run on PC for 24 hours. So it has to be done differently through the VPS services.

• Not all brokers have support, so your target income may not.

• A robot usually cannot operate in more than one currency. So to set up robots in multiple currencies, need to buy robots per currency. 

• In robot trading, you do not have the ability to trade in this way because the robot formula will accidentally lose the trade. 

• Most of the robots cannot trade at market high volatility.

• Many new traders take the robot's refuge directly without learning it themselves As a result, Forex cannot learn for real.

What is needed?

Since this is an automated trading method, it will work even if you are not sitting in front of the trade. However, it takes a few things to trade in this method.

1. VPS- Virtual Private Server

2. EA – Expert Advisor

If your PC cannot be turned on for 24 hours, then you need to take some space on a PC which is known as VPS for 24 hours. That is, there are some companies that will keep their computer running for 24 hours so you have to pay $ 10- $ 30 per month.

Secondly, you have to have robot software, in this case you have to purchase it, since it is a special software system so it is not free. Different Forex Robot Providers charge different prices to their robot's work. You can buy robots within $ 5- $ 20. However, there are many robots which buying price up to $ 1000 .

Considerations for buying robots:

To understand the extent of the auto trading system (robot) you are trying to purchase, whether it is profitable or how reliably it is or how effective the auto system is, you need to look at some of the details that you will find in the specific section of that particular robot. In the points of below, you can purchase a good robot.

·         Back-test

·         History

·         Profit Factor

·         Drawdown

·         Risk Reword Ratio

·         Month Return

How to install EA?

Typically there are 2-3 files for EA. You will need to copy the original EA file from the root folder of your computer's Meta Trader to the Experts folder, and if there are more files, copy them to the folder that you are asked to enter as per the instructions. And the Meta Trader's Expert Advisors option should be enabled. And with the different types of EA parameter settings you can set your own robot.

Final word:

Forex Robot will continue to trade in your absence for 24 hours but  it is a programmable method, so the market understands how well the system is designed, if you set the robot without verifying it and hope for profit, then your dream may not come true. So before using any robot, in addition to the above, make sure that the robot is set for at least 6 months demo account. Then set the live trade finally. Otherwise it will not take long for your hope to become hopeless. Understand all the settings of the parameters your robot, then start.

ayub litonJul 17, 2019 11:35pm

       Take the half portion profit only !!!

Many traders using different types of strategies for their trading. Some strategies work very well & some another mays not bring about positive results. There are  so many good strategies, those are not always working. However, it is depends on your trading experience. as a trader it is totally turning on to your regular basis trading skills. However, we have got so many trading methods. Today i want to discuss half portion profit taking. Those who are used it before, develop your strategy by using this & those who are new please give us feedback by your comments.

How it works :

Suppose you open a long trade, when the trade has reached half of your expected level, then you close the trade & take your profit.

Most of the trader manage their trade in that way, otherwise,  all of the profit turn into loss because of the unexpected market retracement. When the market really moves towards your stop loss, then this method works. But what you have to do, when market moves into your favor, yes definitely that is right decision, to take the half portion of profit & stay safe from unexpected loss. But if you have enough confident about your trading strategy & wait until, your trade reach to take profit level & then take the profit. Actually you will understand that, when you are getting almost double profit. On the other hand. If your trade fall into loss, yes definitely, it's a hamper of your business. But as a Forex trader, you have to be accepted that loss trade is also part of your business. And my guess is right here. Because most of the cases, when traders took their half gains, & see their trade hit their targeted level, then there is no limit to despair.

What you have to do in that case, such as when market is in your favor, you can take short term profits by hiking your trading size in half portion profit taking method. However, you can use this technique as you wish in your daily trading. But i have a query to all of you, in which way you can earn a good profit? partial profit gain or target pips profit sense, hopefully i will get your answers through comments.

Happy trading & stay with