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Forex Learn offers compare online forex brokers services for traders wanting to make speculative transactions on the exchange rate between two currencies, and get best rates from forex brokers.
Forex Learn aims to help you learn, trade and invest in the forex market and act as a forex guide, which will help you. Forex Learn provide a wide range of information (news, tips, advice, articles, books and tools) for all levels of traders and investors.
Here you will learn more in detail about the basic methods and working methods in the currency market. You will get acquainted with tools of the market, learn to analyze events of a world scale and more correctly to use them in the trading strategy.
Tuesday, October 20, 2009
Broco Trader (MetaTrader4)
Broco Trader terms Broco TraderForex specificationCFD futures specificationSpecifications of USD stocksSpecifications of CFD futures RusSpecifications of Russian stocksSpecifications of indexes
What
Broco Trader was constructed on the basis of the most popular Meta Trader 4 terminal.
The Broco Trader platform provides a complete trading experience with access to all financial markets and over 500 diverse financial tools — from Forex to indexes, futures CFDs and stocks.
Sign up and for a free forex demo account Metatrader and become a global forex trader (forex currency trader). Our demo forex trading platform (based on forex metatrader) will help improve you knowledge base to become a successful forex trader.
For whom
Broco Trader is the universal platform fitting both beginner traders and experienced users who developed their own trading strategies. For those who:
prefer minimum price for entering the market;
set continuous development and self–improvements as their goal in trading;
strive for getting maximum opportunities;
prefer non–aggressive trading style and has long–term intentions;
How it works
Interface of trading platform is customizable, one can set their personal profile according to individual requirements for a comfortable operation;
Having various types of orders which enables traders to risk or decrease risks of loosing funds;
Execution of orders is automatic and does not depend on the volume of transaction made by trader;
Facility of automation — i.e. when trader’s transactions are given to robot for execution;
Real–time changes of quotations, up–to–date news, charts for technical analysis.
To test demo-version of Broco Trader.
Why Broco Trader?
Orders for buy/sell are executed within 3 – 5 seconds;
The volume of transactions may amount to 0.01 lot, i.e. there is no need for big investments;
Deposit in different currencies — EUR, USD, RUR;
Wide array of products — Forex, currency futures CFD, indexes;
Guaranteed execution of order due to absence of Requotes;
Trading with Broco Group
Minimal deposit — $100;
Leverage — up to 1:200;
Putting order inside spread;
24–hours ’ technical support and assistance;
Information support of Clients;
Radio for traders BrocoPulse;
Regular technical overview;
Technical analysis by Trading Central in Client area;
Protection of your funds and personal information.
Frequently Asked Questions
ave a number of questions about the Forex Bling trading systems, so let us try to answer the most frequently asked questions:
Q: Can you explain why Forex Bling is so effective?
The combination of several effective trading systems inside Forex Bling is the answer. Forex Bling is the first revealed forex system that gives flexibility to forex trader to win the market in any condition. In FOREX Trading, we cannot depend on scalping trading strategy only, follow the trends alone, or working with breakout strategy solely. A good FOREX trading strategy must contain ALL OF THEM.
Q: Can you guarantee I can make money with Forex Bling?
It’s illegal to make any explicit guarantee. You need to demo it and see if this is work for you. However, from our past trading performance, we can boast up to 92.8% success rate. Check out some of the testimonials to see what other members have said about this exclusive opportunity.
Q: Why are you selling Forex Bling? Do you use it yourself?
Off course, we use it. We even use it to manage our client’s account. As you see above we have proven it works on real money account. Forex market is so huge so it doesn’t matter how many people trade using Forex Bling.
Q: I've tried many forex robots before and none of them work.
Most of the forex robots available in the market are designed to work at a specific market: a sideways, trending or ranging market. However, the market conditions are changing all the time. That’s why we develop several trading systems inside Forex Bling. When the market changes the appropriate trading system will make money than other systems. This is unlike anything you have seen or experienced before.
Q: Why do you offer Forex Bling as a subscription model?
No trading robots work forever. In fact, most of the forex robots sold last year or just 2-3 months before do not work anymore. Why? Because the forex market changing all the time. To win the market, you need a trading system that can adapt to the market condition all the time. When you subscribe to Forex Bling package, you are not only subscribing to the finest forex robot available in the market today, but also access to our continuously research and development team. We continuously tune the trading systems, change variable and parameters inside the robots to adapt new market conditions. Sometimes we even need to replace the complete trading system and give you a new better one without any additional fee.
Q: Do I need to risk money if Forex Bling works exactly as you’ve shown?
No. We always recommend testing our forex robots on a demo account first. There are many reasons like you need to learn how to use it correctly, you need to check your internet and hardware is suitable to run our robots. Also, one of the best features associated with Forex Bling is that you can trade in a demo account until you feel comfortable going live (you can open a demo account with any broker for free).
Q: How much money I need to open an account?
Forex Bling robots can be traded with big or small account size. You can start Forex Bling using $500 deposit. Some brokers even allow you to open a mini account where you can trade as little as 1 cent lot-size.
Q: Do I need to have any technical knowledge or prior forex experience to run Forex Bling?
Trading Forex with Forex Bling is very easy. All you need is capable of clicking a mouse, downloading a file and follow our guidance. We have complete tutorial videos starting how to install Metatrader, how to attach EA to the chart, how to download and install Forex Bling, etc.
If you have a computer with Internet access and can understand simple instructions then you can do this. All you need to have is the will to succeed.
Q: Does Forex Bling Robots trade every single day without I have to do anything at all?
Yes. Forex Bling wait until a trade opportunity presents itself, and it will enter the market. You do not have to do absolutely anything other than turn on your computer on, connect to the internet and run the software.
Q: How many accounts I can run using Forex Bling?
Forex Bling can be used on one live account, but you can run it on several demo accounts.
Q: Who should I contact if I need some additional help?
Our customer supports are available through ticketing support and chat. We also have a support group where Forex Bling members can help other members.
What
Broco Trader was constructed on the basis of the most popular Meta Trader 4 terminal.
The Broco Trader platform provides a complete trading experience with access to all financial markets and over 500 diverse financial tools — from Forex to indexes, futures CFDs and stocks.
Sign up and for a free forex demo account Metatrader and become a global forex trader (forex currency trader). Our demo forex trading platform (based on forex metatrader) will help improve you knowledge base to become a successful forex trader.
For whom
Broco Trader is the universal platform fitting both beginner traders and experienced users who developed their own trading strategies. For those who:
prefer minimum price for entering the market;
set continuous development and self–improvements as their goal in trading;
strive for getting maximum opportunities;
prefer non–aggressive trading style and has long–term intentions;
How it works
Interface of trading platform is customizable, one can set their personal profile according to individual requirements for a comfortable operation;
Having various types of orders which enables traders to risk or decrease risks of loosing funds;
Execution of orders is automatic and does not depend on the volume of transaction made by trader;
Facility of automation — i.e. when trader’s transactions are given to robot for execution;
Real–time changes of quotations, up–to–date news, charts for technical analysis.
To test demo-version of Broco Trader.
Why Broco Trader?
Orders for buy/sell are executed within 3 – 5 seconds;
The volume of transactions may amount to 0.01 lot, i.e. there is no need for big investments;
Deposit in different currencies — EUR, USD, RUR;
Wide array of products — Forex, currency futures CFD, indexes;
Guaranteed execution of order due to absence of Requotes;
Trading with Broco Group
Minimal deposit — $100;
Leverage — up to 1:200;
Putting order inside spread;
24–hours ’ technical support and assistance;
Information support of Clients;
Radio for traders BrocoPulse;
Regular technical overview;
Technical analysis by Trading Central in Client area;
Protection of your funds and personal information.
Frequently Asked Questions
ave a number of questions about the Forex Bling trading systems, so let us try to answer the most frequently asked questions:
Q: Can you explain why Forex Bling is so effective?
The combination of several effective trading systems inside Forex Bling is the answer. Forex Bling is the first revealed forex system that gives flexibility to forex trader to win the market in any condition. In FOREX Trading, we cannot depend on scalping trading strategy only, follow the trends alone, or working with breakout strategy solely. A good FOREX trading strategy must contain ALL OF THEM.
Q: Can you guarantee I can make money with Forex Bling?
It’s illegal to make any explicit guarantee. You need to demo it and see if this is work for you. However, from our past trading performance, we can boast up to 92.8% success rate. Check out some of the testimonials to see what other members have said about this exclusive opportunity.
Q: Why are you selling Forex Bling? Do you use it yourself?
Off course, we use it. We even use it to manage our client’s account. As you see above we have proven it works on real money account. Forex market is so huge so it doesn’t matter how many people trade using Forex Bling.
Q: I've tried many forex robots before and none of them work.
Most of the forex robots available in the market are designed to work at a specific market: a sideways, trending or ranging market. However, the market conditions are changing all the time. That’s why we develop several trading systems inside Forex Bling. When the market changes the appropriate trading system will make money than other systems. This is unlike anything you have seen or experienced before.
Q: Why do you offer Forex Bling as a subscription model?
No trading robots work forever. In fact, most of the forex robots sold last year or just 2-3 months before do not work anymore. Why? Because the forex market changing all the time. To win the market, you need a trading system that can adapt to the market condition all the time. When you subscribe to Forex Bling package, you are not only subscribing to the finest forex robot available in the market today, but also access to our continuously research and development team. We continuously tune the trading systems, change variable and parameters inside the robots to adapt new market conditions. Sometimes we even need to replace the complete trading system and give you a new better one without any additional fee.
Q: Do I need to risk money if Forex Bling works exactly as you’ve shown?
No. We always recommend testing our forex robots on a demo account first. There are many reasons like you need to learn how to use it correctly, you need to check your internet and hardware is suitable to run our robots. Also, one of the best features associated with Forex Bling is that you can trade in a demo account until you feel comfortable going live (you can open a demo account with any broker for free).
Q: How much money I need to open an account?
Forex Bling robots can be traded with big or small account size. You can start Forex Bling using $500 deposit. Some brokers even allow you to open a mini account where you can trade as little as 1 cent lot-size.
Q: Do I need to have any technical knowledge or prior forex experience to run Forex Bling?
Trading Forex with Forex Bling is very easy. All you need is capable of clicking a mouse, downloading a file and follow our guidance. We have complete tutorial videos starting how to install Metatrader, how to attach EA to the chart, how to download and install Forex Bling, etc.
If you have a computer with Internet access and can understand simple instructions then you can do this. All you need to have is the will to succeed.
Q: Does Forex Bling Robots trade every single day without I have to do anything at all?
Yes. Forex Bling wait until a trade opportunity presents itself, and it will enter the market. You do not have to do absolutely anything other than turn on your computer on, connect to the internet and run the software.
Q: How many accounts I can run using Forex Bling?
Forex Bling can be used on one live account, but you can run it on several demo accounts.
Q: Who should I contact if I need some additional help?
Our customer supports are available through ticketing support and chat. We also have a support group where Forex Bling members can help other members.
Forex Bling Expert Advisors Review
We review several some of the best expert advisors and trading systems. They need to have a good money management and a balance between risk and reward.
Our purpose is to get an ongoing basket of trading systems that produces consistent 60%-100% profit per year while maintain Minimal Risk.
We do not make aggressive trades which could ruin our capital. Most of the trading systems that we run set to 1%-3% risk per trade. Full Story
Forex Bling: Questions and Answered
Beside our Forex Bling Manual, we add some answered questions about Forex Bling in this sections.
Since we receive a lot of similar questions, from time to time we add the answer at this page, it will reduce our time answering similar questions and provide more trading support.
We divide the Q&A below into several sections:
A. COMMON [...] Full Story
Forex Bling Exclusive Report Is Now Available
Forex Bling Exclusive Report Is Now Available. We have been working almost a year in Forex Bling program.
And for the past 5 months, we show our forward performances which made every month. Full Story
Our Forex Trading Performance for July 2009
July 2009 performance explanation:
Our basket for July 2009 contains 6 trading system:
1. Freedom – Risk=1% – Start Equity: $6,274.02
2. Grid Specialist – Risk=5% – Start Equity: $26,132.91
3. Evolution – Risk=1% – Start Equity: $11,488.41
4. Thunderwind – Risk=1% – Start Equity: $10,101.96
5. Thunderbolt – Risk=5% – Start Equity: $17,988.11
6. Thunderstorm – Risk=5% – Start Equity: $14.680.68
Profit/Loss [...] Full Story
Forex Trading Performance
Our Forex Trading Performance for 2009:
August : in progress
July : +6.81%
June : +28.45%
May : +13.45%
April: +15.71%
Trading system we use so far: Freedom, Evolution, Grid Specialist, Thunderwind, Thunderbolt, Thunderstorm.
Trading system we removed: Fractals-3 (replaced with Fractals-4).
Click here for July 2009 Performance in detail.
Click here for June 2009 Performance in detail.
Click here for May 2009 [...] Full Story
Fractals New Version (Version 4.0)
Fractal Wizard EA version 4.0 – New Version.
Version 4.0 is a major upgrade for our Fractals Wizard forex expert advisor.
The profit factor and drawdown level for Fractals EA version 4.0 are better than version 3.0. Full Story
Our Forex Trading Performance for June 2009
June 2009 performance explanation:
Our basket for June 2009 contains 4 trading system:
1. Freedom - Risk=1% – Start Equity: $5,731.07
2. Fractals-3 – Risk=2% – Start Equity: $57,699.36
3. Grid Specialist – Risk=5% – Start Equity: $22,462.2
4. Evolution – Risk=1% – Start Equity: $10,896.85
5. Thunderwind – Risk=1% – [...] Full Story
Vision Pro New Development
NFA once again have new regulations for NFA brokers. The new NFA regulations now prevent you from trading like before.
What you need to do in the USA (for NFA brokers) as of July 31, 2009:
* Can’t have hedging positions, it means OCO orders ( One cancels the
Our purpose is to get an ongoing basket of trading systems that produces consistent 60%-100% profit per year while maintain Minimal Risk.
We do not make aggressive trades which could ruin our capital. Most of the trading systems that we run set to 1%-3% risk per trade. Full Story
Forex Bling: Questions and Answered
Beside our Forex Bling Manual, we add some answered questions about Forex Bling in this sections.
Since we receive a lot of similar questions, from time to time we add the answer at this page, it will reduce our time answering similar questions and provide more trading support.
We divide the Q&A below into several sections:
A. COMMON [...] Full Story
Forex Bling Exclusive Report Is Now Available
Forex Bling Exclusive Report Is Now Available. We have been working almost a year in Forex Bling program.
And for the past 5 months, we show our forward performances which made every month. Full Story
Our Forex Trading Performance for July 2009
July 2009 performance explanation:
Our basket for July 2009 contains 6 trading system:
1. Freedom – Risk=1% – Start Equity: $6,274.02
2. Grid Specialist – Risk=5% – Start Equity: $26,132.91
3. Evolution – Risk=1% – Start Equity: $11,488.41
4. Thunderwind – Risk=1% – Start Equity: $10,101.96
5. Thunderbolt – Risk=5% – Start Equity: $17,988.11
6. Thunderstorm – Risk=5% – Start Equity: $14.680.68
Profit/Loss [...] Full Story
Forex Trading Performance
Our Forex Trading Performance for 2009:
August : in progress
July : +6.81%
June : +28.45%
May : +13.45%
April: +15.71%
Trading system we use so far: Freedom, Evolution, Grid Specialist, Thunderwind, Thunderbolt, Thunderstorm.
Trading system we removed: Fractals-3 (replaced with Fractals-4).
Click here for July 2009 Performance in detail.
Click here for June 2009 Performance in detail.
Click here for May 2009 [...] Full Story
Fractals New Version (Version 4.0)
Fractal Wizard EA version 4.0 – New Version.
Version 4.0 is a major upgrade for our Fractals Wizard forex expert advisor.
The profit factor and drawdown level for Fractals EA version 4.0 are better than version 3.0. Full Story
Our Forex Trading Performance for June 2009
June 2009 performance explanation:
Our basket for June 2009 contains 4 trading system:
1. Freedom - Risk=1% – Start Equity: $5,731.07
2. Fractals-3 – Risk=2% – Start Equity: $57,699.36
3. Grid Specialist – Risk=5% – Start Equity: $22,462.2
4. Evolution – Risk=1% – Start Equity: $10,896.85
5. Thunderwind – Risk=1% – [...] Full Story
Vision Pro New Development
NFA once again have new regulations for NFA brokers. The new NFA regulations now prevent you from trading like before.
What you need to do in the USA (for NFA brokers) as of July 31, 2009:
* Can’t have hedging positions, it means OCO orders ( One cancels the
FOREX MONEY TRADING
How does forex charting software works: the forex charting software packages are used by many traders to determine the direction on any given currency pair.a lot of analytical computer based tool used to help currenct trader with the forex trading by charting the price of various currency pairs along with various indicators.There is a wide range of forex charting software, which varies in appearance and functionality. However, users should look for several things in forex charting software that will help them to get the most out of their tradingMost forex brokers are attempted to give a demo account perior to learn how its works and with the forex broker they charting software during the trial period.
The Best Forex Robot For You
Dreamstime Finding the best forex trading system is no easy task, many part time traders have spent thousands of dollars looking for best forex trading software. It's only reasonable that the best forex brokers are looking for the best forex trading systems. Have a think about that word "system". Choosing the best Forex trading software is crucial to your success.
Here are some essential factors you should be looking for before parting with your money to buy best forex training software. Consider your skill level. It is greatly essential and crucial for aspiring Forex traders as well as those professionals in the trade to be aware on how to choose the best Forex trading software to aid them in their foreign exchange activities. The best forex trading platform should not promise you are going to be rich overnight. If it does, you can ignore it totally and move on in finding another one that works best for you.
The problem with most of the robots is that they are tested with "play" accounts, combined with past results. This makes the transition to real accounts totally random, which leaves you wondering wahat are the best forex broker options. Also you might be wondering what is the optimimum method to find best forex signals. The same applies to the best forex ea. A useful idea is to check and see what others have said about the product or system.
How you you go about finding out who is the best forex broker? Find a website that does forex reviews these websites will provide you guidance and hopefully point you in the right direction. You can find daily newsletters from most of the websites with trading platforms. It’s very useful because the main objective of forex trader is to make effective trades by using all available information. The reviews are trustful and easy to read, it will help you make the right choice for your needs and temperament.
Here are some essential factors you should be looking for before parting with your money to buy best forex training software. Consider your skill level. It is greatly essential and crucial for aspiring Forex traders as well as those professionals in the trade to be aware on how to choose the best Forex trading software to aid them in their foreign exchange activities. The best forex trading platform should not promise you are going to be rich overnight. If it does, you can ignore it totally and move on in finding another one that works best for you.
The problem with most of the robots is that they are tested with "play" accounts, combined with past results. This makes the transition to real accounts totally random, which leaves you wondering wahat are the best forex broker options. Also you might be wondering what is the optimimum method to find best forex signals. The same applies to the best forex ea. A useful idea is to check and see what others have said about the product or system.
How you you go about finding out who is the best forex broker? Find a website that does forex reviews these websites will provide you guidance and hopefully point you in the right direction. You can find daily newsletters from most of the websites with trading platforms. It’s very useful because the main objective of forex trader is to make effective trades by using all available information. The reviews are trustful and easy to read, it will help you make the right choice for your needs and temperament.
Money Management
Money management is part and parcel of any trading strategy. Besides knowing which currencies to trade and recognizing entry and exit signals, the successful trader has to manage his resources and integrate money management into his trading plan. Position size, margin, recent profits and losses, and contingency plans all need to be considered before entering the market.
There are various strategies for approaching money management. Many of them rely on the calculation of core equity.
Core equity is your starting balance minus the money used in open positions. If the starting balance is $10,000 and you have $1000 in open positions your core equity is $9000.
When entering a position try to limit risk to 1% to 3% of each trade. This means that if you are trading a standard FOREX lot of $100,000 you should limit your risk to $1000 to $3000 – preferably $1000. You do this by placing a stop loss order 100 pips (when 1 pip = $10) above or below your entry position.
As your core equity rises or falls you can adjust the dollar amount of your risk. With a starting balance of $10,000 and one open position your core equity is $9000. If you wish to add a second open position, your core equity would fall to $8000 and you should limit your risk to $900. Risk in a third position should be limited to $800.
By the same principal you can also raise your risk level as your core equity rises. If you have been trading successfully and made a $5000 profit, your core equity is now $15,000. You could raise your risk to $1500 per transaction. Alternatively, you could risk more from the profit than from the original starting balance. Some traders may risk up to 5% against their realized profits ($5,000 on a $100,000 lot) for greater profit potential.
There are various strategies for approaching money management. Many of them rely on the calculation of core equity.
Core equity is your starting balance minus the money used in open positions. If the starting balance is $10,000 and you have $1000 in open positions your core equity is $9000.
When entering a position try to limit risk to 1% to 3% of each trade. This means that if you are trading a standard FOREX lot of $100,000 you should limit your risk to $1000 to $3000 – preferably $1000. You do this by placing a stop loss order 100 pips (when 1 pip = $10) above or below your entry position.
As your core equity rises or falls you can adjust the dollar amount of your risk. With a starting balance of $10,000 and one open position your core equity is $9000. If you wish to add a second open position, your core equity would fall to $8000 and you should limit your risk to $900. Risk in a third position should be limited to $800.
By the same principal you can also raise your risk level as your core equity rises. If you have been trading successfully and made a $5000 profit, your core equity is now $15,000. You could raise your risk to $1500 per transaction. Alternatively, you could risk more from the profit than from the original starting balance. Some traders may risk up to 5% against their realized profits ($5,000 on a $100,000 lot) for greater profit potential.
Forex Trading Philosophy
Many beginning FOREX traders are captivated by the allure of easy money. FOREX websites offer 'risk-free' trading, 'high returns' 'low investment' – these claims have a grain of truth in them, but the reality of FOREX is a bit more complex.
There are two common mistakes that many beginner traders make – trading without a strategy and letting emotions rule their decisions. After opening a FOREX account it may be tempting to dive right in and start trading. Watching the movements of EUR/USD for example, you may feel that you are letting an opportunity pass you by if you don't enter the market immediately. You buy and watch the market move against you. You panic and sell, only to see the market recover.
This kind of undisciplined approach to FOREX is guaranteed to lose you money. FOREX traders need to have a rational trading strategy and not allow emotions to rule their trading decisions.
To make rational trading decisions the FOREX trader must be well-educated in market movements. He must be able to apply technical studies to charts and plot out entry and exit points. He must take advantage of the various types of orders to minimize his risk and maximize his profit.
The first step in becoming a successful FOREX trader is to understand the market and the forces behind it. Who trades FOREX and why? Who is successful and why are they successful? This knowledge will allow you to identify successful trading strategies and use them as models for your own.
There are 5 major groups of investors who participate in FOREX – Governments, Banks, Corporations, Investment Funds, and traders. Each group has varying objectives, but the one thing that all the groups (except traders) have in common is external control. Every organization has rules and guidelines for trading currencies and can be held accountable for their trading decisions. Individual traders, on the other hand, are accountable only to themselves.
This means that the trader who lacks rules and guidelines is playing a losing game. Large organizations and educated traders approach the FOREX with strategies, and if you hope to succeed as a FOREX trader you must play by the same rules.
There are two common mistakes that many beginner traders make – trading without a strategy and letting emotions rule their decisions. After opening a FOREX account it may be tempting to dive right in and start trading. Watching the movements of EUR/USD for example, you may feel that you are letting an opportunity pass you by if you don't enter the market immediately. You buy and watch the market move against you. You panic and sell, only to see the market recover.
This kind of undisciplined approach to FOREX is guaranteed to lose you money. FOREX traders need to have a rational trading strategy and not allow emotions to rule their trading decisions.
To make rational trading decisions the FOREX trader must be well-educated in market movements. He must be able to apply technical studies to charts and plot out entry and exit points. He must take advantage of the various types of orders to minimize his risk and maximize his profit.
The first step in becoming a successful FOREX trader is to understand the market and the forces behind it. Who trades FOREX and why? Who is successful and why are they successful? This knowledge will allow you to identify successful trading strategies and use them as models for your own.
There are 5 major groups of investors who participate in FOREX – Governments, Banks, Corporations, Investment Funds, and traders. Each group has varying objectives, but the one thing that all the groups (except traders) have in common is external control. Every organization has rules and guidelines for trading currencies and can be held accountable for their trading decisions. Individual traders, on the other hand, are accountable only to themselves.
This means that the trader who lacks rules and guidelines is playing a losing game. Large organizations and educated traders approach the FOREX with strategies, and if you hope to succeed as a FOREX trader you must play by the same rules.
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