No Bullshit Forex Blog, A Part of No Bullshit Network

Compliments from Paul Tagger, Nobs Network

Forex is all the rage these days and everybody and their brother is selling a course, book or signal service that reveals the untold secrets to becoming a top Forex trader and start the new would-be trader on his way to trading riches.

Read the full post of 7 Necessary Steps to Becoming a Profitable Trader

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To continue where we left off from the MACD tutorial we did a few days back. As you notice, the MACD indicator is showing only one of the EMA (EMA 26) line, and you’re wondering now where is the other one (EMA 13). Thanks to Jose for sharing this indicator file.

Read the full post of MACD Indicator - Adding Both EMA Lines on Meta Trader 4

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Personally I’d be avoiding trading when any of the important people speaks. A tip before opening and closing any trades, check out the economic calendar on Forexfactory.

Close or at least place your stop loss (SL) level before news releases like these (Especially speeches since you will have nothing to gauge upon, not even indicators, but just interpretation of what he says)

Read the full post of Fundamental Trading - US Fed Speaks

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This is a real short and simple tutorial on customizing your colors. (Let’s face it, black, green and white is really boring and hard on my eyes)

This is how my trading platform on North Finance Meta Trader 4 looks like:

Read the full post of Customizing MetaTrader 4 Colors, Saving & Loading Template

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These tips are from Traderj from Nobsnetwork. Traderj is a fulltime futures trader, but I find all these views, thoughts and tips are relevant and can be used on trading forex as well. Do read them, and share your views if you have any.

Read the full post of Trading Tips and Thoughts from Nobs Network

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Here comes the next edition of Meta Trader 4 demonstration. Although we will be talking much about the formations of candlesticks instead for this issue.

I will base most of the candle formations on Intro to Candlestick document done by Stockcharts Candlestick Dictionary. Download a copy of the pdf here.

Read the full post of Candlesticks Formation

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Let’s get back to where we’ve ended on the previous tutorial. You’ve learnt how to Buy and Sell with your demo account on Meta Trader 4. Let’s switch the Barcharts to something that’s more fancy, Candlesticks!

Brief History of Candlesticks

Read the full post of Forex Demo - Reading Candlesticks

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Now you have installed IBFX’s demo Meta Trader 4 and you want some action.When you’re familiar with the platform, you can trade with discipline, a key factor to success in forex. Getting to know how to do it can be the first step, or you could go with learning on the basics before demo trading which we will go in depth in the next few blog entries.

Read the full post of Forex Demo - Buying and Selling with Meta Trader 4

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You’ve heard so much about people trading forex and you want a piece of action. You sign up with one of the forex brokers and charged funds to your credit card to fund an account to try. BAM! Your account gets wiped out.

Is there anything that can be done to prevent such unfortunate circumstance to happen? I bet you know the answer! Paper/ demo trading!

Here No Bullshit Forex will guide you along step by step on how to setup your Windows platform with the popular Meta Trader 4.

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Read the full post of Quick Start - Installing Forex Demo Meta Trader 4

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Advice from one of the yahoo group that I’m in, take note.

This is to inform you that Japan will be having trading holidays from May 3 to May 5. Please avoid trading any USD/JPY and any other Yen Crossed Pairs, such as EUR/JPY and GBP/JPY during this period.

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