Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
To get started, investors interested in trading in the forex markets must first sign up with either a regular broker or an online forex discount broker. Once an investor finds a proper broker, a margin account must be set up. A forex margin account is very similar to an equities margin account – the investor is taking a short-term loan from the broker. The loan is equal to the amount of leverage taken on by the investor.
Let's presume that the market keeps on going against you. In this case, the broker will simply have no choice but to shut down all your losing positions. This limit is referred to as a stop out level. For example, when the stop out level is established at 5% by a broker, the trading platform will start closing your losing positions automatically if your margin level reaches 5%. It is important to note that it starts closing from the biggest losing position.
What caught my attention at first glance, is its exaggerated price that doesn't reflect the profitability of the software in any way but gives it an important advantage as it won't be used by so many traders what will make its live market performance highly effective and successful if it was already well coded and configured, but for me, I won't risk a $2000 in a software without a clear refund policy. They say in the website that they provide 60-Day Money-Back Guarantee if the Robot doesn't WORK! which means that if the robot worked and was a loser, you don't have the right to request a refund, it finally worked on your platform regardless of its results.
In this post I will be reviewing the Odin Forex Robot that has been developed by the team over at Forex Robot Trader and runs in the free to download and extremely popular MetaTrader 4 (mt4) trading platform that is available by most forex brokers across the globe. The Odin Forex Robot is fully automated so it will do all of the trading for you, just keep in mind that it is a grid-based forex trading system so use sensible lot sizes and do not over leverage your account to avoid a margin call / stop out. For best results with the Odin Forex Robot, I would personally use a true ECN forex broker which can help lower trade costs and give good bid / ask prices with the amount of liquidity they have. As with any forex system, Odin Forex Robot will perform best with low spreads, low slippage and low commissions. Odin Forex Robot is suitable for any level of trader from beginners to the more advanced with easy to follow setup instructions provided by the developers.
How can you avoid this unanticipated surprise? Margin calls can be effectively avoided by carefully monitoring your account balance on a regular basis, and by using stop-loss orders on every position to minimise the risk. Another smart action to consider is to implement risk management within your trading. By managing your the potential risks effectively, you will be more aware of them, and you should also be able to anticipate them and potentially avoid them altogether.
The currency exchange rate is the rate at which one currency can be exchanged for another. It is always quoted in pairs like the EUR/USD (the Euro and the US Dollar). Exchange rates fluctuate based on economic factors like inflation, industrial production and geopolitical events. These factors will influence whether you buy or sell a currency pair.
While the default order of the table list arrangement is according to the RFR Rank#, you may like to view a comparison list according to an other value listed there, you can do that by clicking on the desired value title in the table header or select it from the dropdown list at the top right to the table, this will re-arrange the list according to that value, the first click on the header value title will re-arrange the list in an ascending order, the second click will revert to a descending order of that value, and so on. You may also switch between the ascending / descending list orders by clicking the     buttons to the right of the top right dropdown list.

Often, closing one losing position will take the margin level Forex higher than 5%, as it will release the margin of that position, so the total used margin will decrease and consequently the margin level will increase. The system often takes the margin level higher than 5%, by closing the biggest position first. If your other losing positions continue losing and the margin level reaches 5% once more, the system will just close another losing position.


So, for an investor who wants to trade $100,000, a 1% margin would mean that $1,000 needs to be deposited into the account. The remaining 99% is provided by the broker. No interest is paid directly on this borrowed amount, but if the investor does not close their position before the delivery date, it will have to be rolled over. In that case, interest may be charged depending on the investor's position (long or short) and the short-term interest rates of the underlying currencies.
I have been using the Piphiker forex robot for almost 3 months and I am really impressed, more than 200% profit. I work long hours during the week so I don’t have time to trade , the forex robot is ideal for me , as long as one is not greedy by over leveraging and you are patient and let the EA do it’s thing, you will find yourself with a lot of profit
Slippage - Slippage is the difference between the price that the strategy object saw when deciding to buy or sell and the actual price achieved when the broker executes a fill. Given the multi-threaded nature of the program, slippage is extremely likely to be one of the causes of the differences between the local balance and OANDA account balances.
All currency trading is done in pairs. Unlike the stock market, where you can buy or sell a single stock, you have to buy one currency and sell another currency in the forex market. Next, nearly all currencies are priced out to the fourth decimal point. A pip or percentage in point is the smallest increment of trade. One pip typically equals 1/100 of 1 percent.

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In order for this Portfolio to function with the new means of generating signals and orders it is necessary to modify event.py. In particular I've added the SignalEvent component, which is now generated by the Strategy object, instead of an OrderEvent. It simply states whether to go long or short a particular "instrument", i.e. currency pair. order_type refers to whether the order is a market order or limit order. I've not yet implemented the latter, so this will remain as "market" for now:
In a margin account, the broker uses the $1,000 as a security deposit of sorts. If the investor's position worsens and his or her losses approach $1,000, the broker may initiate a margin call. When this occurs, the broker will usually instruct the investor to either deposit more money into the account or to close out the position to limit the risk to both parties.
Forex robot developers have many reasons to publish their inventions for free; they may be promoting a premium version up-sell of the free one and we think that this is the case with Blessing 3 EA or may be willing to prove their professionalization dealing with Forex market to attract customers to subscribe in some other related paid service provided by the same developer or they might be just giving it away!
76% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Currency trading, often referred to as foreign exchange or Forex, is the purchasing and selling of currencies in the foreign exchange marketplace, done with the objective of making profits. It is referred to as 'speculative Forex trading.' Forex trading is the largest market in the world, with nearly $2 trillion traded on a daily basis, with quick growth projections. The main factor that differentiates currency trading from other types of trading is its liquidity.

Simply download the latest version from the Software page and after installation follow the initial wizard or click on the help/start trial menu. Please note that the software periodically communicates with the license servers to validate your trial. After the trial period you can use the software in read only mode which means you cannot modify your TradingDiary Pro database anymore.

Carry is the most popular trade in the currency market, practiced by both the largest hedge funds and the smallest retail speculators. The carry trade is based on the fact that every currency in the world has an associated interest. These short-term interest rates are set by the central banks of these countries: the Federal Reserve in the United States, the Bank of Japan in Japan, and the Bank of England in the United Kingdom.
What caught my attention at first glance, is its exaggerated price that doesn't reflect the profitability of the software in any way but gives it an important advantage as it won't be used by so many traders what will make its live market performance highly effective and successful if it was already well coded and configured, but for me, I won't risk a $2000 in a software without a clear refund policy. They say in the website that they provide 60-Day Money-Back Guarantee if the Robot doesn't WORK! which means that if the robot worked and was a loser, you don't have the right to request a refund, it finally worked on your platform regardless of its results.

Back tests – You can read my forex robot reviews to see if the forex robot has back tests which will give you a good idea how it performed historically, some forex robots even back test as for as 15+ years! Ideally, you would want back tests to have been done using real tick data and spreads, thus making the forex robot back test results as accurate as possible in the mt4 strategy tester
Overall, the Odin Forex Robot is a unique and according to the statements shared by the developer a profitable forex robot. It is reasonably priced and has some unique features such as the broker shield. It comes with instructions, support, updates and a money back guarantee. I would start on an mt4 demo account to begin with until I became familiar with the EA although keep in mind that demo account conditions can vary greatly from live account conditions due to the different price feeds and liquidity.
While the default order of the table list arrangement is according to the RFR Rank#, you may like to view a comparison list according to an other value listed there, you can do that by clicking on the desired value title in the table header or select it from the dropdown list at the top right to the table, this will re-arrange the list according to that value, the first click on the header value title will re-arrange the list in an ascending order, the second click will revert to a descending order of that value, and so on. You may also switch between the ascending / descending list orders by clicking the     buttons to the right of the top right dropdown list.
In the last Forex Trading Diary Entry (#1) I described how to build an automated trading system that hooks into the OANDA forex brokerage API. I also mentioned that the next steps included constructing a portfolio and risk management overlay for all suggested signals generated by the Strategy component. In this entry of the diary I want to discuss my attempt to build a functioning Portfolio component and how far I've currently progressed.
Margins are a hotly debated topic. Some traders argue that too much margin is very dangerous, however it all depends on trading style and the amount of trading experience one has. If you are going to trade on a margin account, it is important that you know what your broker's policies are on margin accounts, and that you fully understand and are comfortable with the risks involved. Be careful to avoid a Forex margin call.
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