invest - Your Day Trading

neděle 17. října 2010

Forex Oanda FxTrade for Android

Forex Oanda FxTrade for Android

Trade Forex on Your Android Phone

Put the power of OANDA fxTrade in your pocket.
With fxTrade for Android, traders benefit from OANDA’s leading technology and the flexibility and freedom of the Android open-source mobile operating system. A variety of manufacturers and wireless networks support Android, which means a wider choice of devices, carriers, and price points.

Trade forex on Android, with access to the following features:

24/7 trading at interbank rates
Trade 54 currency pairs and 4 precious metal pairs
One-tap trade execution from any screen
Limit orders: take profit, stop loss, trailing stops, lower and upper bounds
Live streaming rate feed
Landscape color charting in multiple timeframes for optimal visualization
Account values updated in real time: unrealized/realized P&L; margin used/available; net asset value
OANDA customer service support accessible by email from inside the app
Available for Android version 1.6 and above

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MetaTrader 5 for iPhone

Mobile Trading with MetaTrader 5

MetaTrader 5 Mobile provides the possibility to manage your trading account from anywhere in the world. Having a smartphone or tablet PC, you can keep up with financial information and conduct trade operations in financial markets. The rich functionality of the MetaTrader 5 Client Terminal now fits in your hand!

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Forex ActPhone for Android

Forex ActPhone for Android

Introducing ActDroid™, a complete mobile trading solution for the Android platform, created by the same ActForex team that developed the world’s foremost trading technology. ActDroid is a full featured trading application that allows traders to log in to their existing trading account and trade the same instruments as in ActTrader, including Forex, CFDs, Futures, and ETFs. Due to the excellent technology found in the Android platform, ActDroid offers more advanced features, and is specifically designed to take advantage of the sophisticated capabilities of Android’s technology
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MobiTradeOne is a multi-platform mobile trading solution

MobiTradeOne a multi-platform mobile trading solution

MobiTradeOne is a multi-platform mobile trading solution currently integrated with FOREX.com and designed for:
iPhone
Android
Windows Mobile
BlackBerry
JAVA enabled mobile phones.

MobiTradeOne allows managing your brokerage account and trade in mobile phones. The application fully replicates all forms and charts present in brokerage systems and makes access to them quick and simple. Observe forex market trends and execute your current positions in from anywhere in the world. Select a mobile platform in the navigation panel above to learn more.

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MetaTrader 4 Mobile Trading

MetaTrader 4 Mobile Trading

only for windows mobile :-(

Forex ActPhone for iPhone

Forex ActPhone for iPhone

Introducing ActPhone™, the full-featured trading solution for the iPhone, powered by ActForex. ActPhone allows you to trade the same instruments that you can in ActTrader, including Forex, CFDs, Futures, and ETFs. With ActPhone, you never have to be tied down to your computer again
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iDealForex for iPhone

iDealForex for iPhone

iDealForex is the Iphone version of the popular ActTrader platform by Act Forex, Inc. iDealForex allows you to trade the same instruments you can on the desktop version, including Forex, CFDs, Futures, and ETFs. Simply log in with your ActTrader username and password to access your trading account, orders, and open positions ...

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pátek 1. října 2010

Ten Errors of a Newcomer in Trading

Ten "Errors" of a Newcomer in Trading

...Third, ten "errors" of a newcomer in trading described in [1] turn not to be errors at all, but proper steps. Let us look through them one by one [1].

1. Trading when market has just opened

Since we have given up all hope to guess the trend direction, there is no need to wait for a proper moment - we should enter the market as soon as it is feasible. It would also make sense to open two positions of the same volume, but differently directed - a short one and a long one. One of them will gain profits earlier, another one can do it later, when the price returns and goes a profitable direction. At that, at the moment of opening and until either of the two positions is closed, the trade can be 100% hedged, the risk approaches to zero (we can only lose on commission, if any, on spread, and on the difference between the swaps of long and short positions provided it takes more than a day until we close them).

2. Undue hurry in taking profit

It is never too early to take the profit! We will not make our situation worse by this. If we have fixed the profit in, for example, a long position and the price has decreased by a value exceeding the spread+commission, we can buy again – we will be able to double the profit taken on the same segment, but we surely won't lose the profit fixed before! For example, we bought at 1.2300, closed at 1.2340; then the price fell to 1.2320 – buy. If the price goes upagain, we will earn again in the range between 1. 2320 and 1.2340. If we had not fixed the profit at 1.2340, we would have at 1.2320 just twenty unclear pips instead of forty appreciable ones.

3. Adding lots in a losing position

… is sometimes just necessary if a losing position is a result of deviation from mean, i.e., the probability of return to the mean increased. Lots should be added to a posing position, and the further the price goes in a "wrong way", the more lots should be added.
4. Closing positions starting with the best one

This issue has much in common with issue 2. It is better to close profitable positions, not losing ones – the latter ones can become profitable if we don't close them now!

5. Revenge

This feeling does not occur if one does not close losing positions or closes them together with the profitable ones, obtaining a total positive result as it was done in a trading system [4], the test results of which are given at the end of this present article. Besides, only humans can feel revenge. Having created an automated trading system, we will protect ourselves against emotional steps.

6. The most preferable positions

When adding lots to a losing position, the latest "addition" will, of course, be the most preferable. If the price goes on falling (we are now speaking about a long position), we add again. But it is the last "adding" that must give us the total plus – it will be in the very bottom, at the very beginning of a turn.

7. Trading by the principle of 'bought for ever'

Trading by such principle is possible for two reasons. First, as I have already noticed, one should not be in a hurry to close a losing position if even it is very "old" - one should just wait until better time comes (see Clauses 1 and 4). Second, one can earn using swaps – 350% per annum - which is not bad, as well. [3:356]
8. Closing of a profitable strategic position on the first day

Here we repeat Clause 2 – it is never too early to close a profitable position.

9. Closing a position when alerted to open an opposite position

Highly respected Collector in his article [1] does not exclude such a possibility. The author of this present article does not consider this to be an error - it's just an element of a trading system.

10. Doubts

In my opinion, there are no traders without doubts. George Soros said once (rephrasing the Napoleon's well-knwon saying): "One jumps into the market, then figures out what to do next". The idea is ok but the first part - "close all positions". I would rephrase it as follows: Let your PC to manage them and go for a walk.

So, the "Ten Commandments" postulated in [1] or anywhere else by anybody should not be considered as the ultimate truth or a cure-all solution against losses. At present, there is only one way to make fewer mistakes for a beginning or an advanced trader – model his or her own trading systems on his or her PC and check them on historical data – this does not guarantee faultless operations, but arms with accurate computation, not with implicit faith.

Explanation of Trading Strategy ...
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neděle 29. srpna 2010

Optimizing your Risk Reward Ratio RRR

Optimizing your Risk Reward Ratio RRR

ONE of the most important thing is to manage your Risk Management and Risk Reward Ratio

Optimizing your trading strategy by analyzing your Risk/Reward ratio

Know your Risk: The Risk-Reward Ratio

Risk is a part of trading. Every trade carries a certain level of risk. Every trader must know the amount of risk that is being assumed on each trade. Knowing the amount of risk on each trade is one way to limit it and to protect your trading account. The best way to know your risk is to determine the risk-reward ratio. It is one of the most effective risk management tools used in trading.

The risk-reward ratio is a parameter that helps a trader to determine the level of risk in a trade. It shows how much a trader is risking versus the potential reward (or profit) on a trade. While this may seem simplistic, many traders neglect taking this step and often find that their losses are very large.

Calculating Risk/Reward Ratios

Risk to reward ratios. If there is a cornerstone to any trading philosophy, it starts at the risk to reward table. Although identifying good risk/reward trades does not guarantee success, not identifying good risk/reward trades almost always guarantees failure. Let's explore yet another important subject in the life of a trader and look at a trade setup we took late Friday in the context of this subject matter...
Determining a Good Risk/Reward Trade
Calculating the Risk/Reward Trade
Ranking Trades and the Spreadsheet

Risk/Reward Ratio in Forex - What Is the Proper Risk and Reward Ratio in Forex Trading?

Your Edge

This Manual Forex Trading System Can Turn $100 Into $15,455 in 3 Months With Risk/Reward Of 1/3

Proč je risk jediný opravdu důležitý faktor každého byznysu