Here you can download free FOREX e-books. The information in these Forex e-books will help you develop your trading skills, money management abilities and self-control. The Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. You can get Adobe Acrobat Reader from here. Some of the e-books (those that are in parts) are zipped.
Here you can download MT4 expert advisors which can be used with the MetaTrader Forex trading platform to enhance your currency trading results combining it with the automated trading or expert advising. Only best strategies embedded into expert advisors are presented here. You can test and change them freely before using on your real or demo Forex account.
At this page you can freely download MT4 Forex indicators that can be attached to the MetaTrader Forex trading platform to boost your Forex trading performance. You can more develop your own Forex trading strategies using these indicators, or you can simply follow them as the trading signals.
In order to use this indicator you need to have the MetaTrader 4 charting platform. If your broker does not use this platform you may download a non-expiring demo from www.strategybuilderfx.com.
In order to use this indicator copy the indicator into your indicators folder. On a default install this would be C:\Program Files\MetaTrader 4\experts\indicators.
Once you have it installed (may need to restart metatrader) you can apply it to the charts by clicking insert, indicators, and then locating the indicator in the custom indicators section.
If you are completely new to the forex market I would suggest visiting www.babypips.com and reading the the School of Pipsology. It will give you a brief overview of the market and how it operates.
There is only two rules to trading this system.
1. Never trade against the trend, regardless of signal. Use a 62 ema to determine the overall trend.
(A 62 ema is a moving average set at 62, it applies a line to your chart that is an average of price. You can apply a moving average to your charts by going to insert-indicators-moving average, then set the period at 62.
If price is above 62 it is trending up, if it is below it is trending down. If it is going up and down and the ema is flat it means the market is ranging)
2. Exit on support or resistance and not an opposite signal. If you exit on an opposite signal you will lose a lot of profit in ranging markets.
