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.

I am very interested in online Forex trading for the first time. I have been searching for a really good Forex Robot because I know nothing about technical. Although I am open to reasonable risk however I do not want to loose money for nothing. Any suggestion for a really good Forex Robot, that is easy to operate and works all by itself so that I do not have to do anything in decision making? Any suggestions about do's

The market values/prices used to compute the equity or margin requirement in an Interactive account may differ from the price disseminated by exchanges or other market data sources, and may represent Interactive's valuation of the product. Among other things, Interactive may calculate its own index values, Exchange Traded Fund values or derivatives values, and Interactive may value securities or futures or other investment products based on bid price, offer price, last sale price, midpoint or using some other method. Interactive may use a valuation methodology that is more conservative than the marketplace as a whole.
The rationale for this is that the "practice" trading account and the local Portfolio components should have similar, if not equal, values for attributes such as the Account Balance, the Unrealised Profit & Loss (P&L), the Realised P&L and any open Positions. If I could achieve this and run some test strategies through it, and if the attributes appeared to be equal across both the local portfolio object and OANDA, then I could have confidence in the capability of the backtester in producing more realistic results as and when strategies were deployed.

At first glance, this ad-hoc arrangement is bewildering to investors who are used to structured exchanges such as the New York Stock Exchange (NYSE) or the Chicago Mercantile Exchange (CME). However, this arrangement works in practice. Self-regulation provides effective control over the market because participants in FX must both compete and cooperate. Additionally, reputable retail FX dealers in the United States become members of the National Futures Association (NFA), and by doing so, FX dealers agree to bind arbitration in the event of any dispute. Therefore, it is critical that any retail customer who contemplates trading currencies does so only through an NFA member firm.
In order to understand Forex trading better, one should know all they can about margins. Forex margin level is another important concept that you need to understand. The Forex margin level is the percentage value based on the amount of accessible usable margin versus used margin. In other words, it is the ratio of equity to margin, and is calculated in the following way:
Type of forex trading account the forex robot is trading on – thus telling you if the forex robot listed within the table of results has a demo trading account statement or real trading account statement. Demo forex trading accounts can give different result to real forex trading accounts because of factors such as different broker spreads and brokers slippage. Usually the liquidity on a demo account would be artificial and thus the trades will usually be executed faster, this can also mean smaller spreads on demo accounts. However, demo accounts can still give a good idea on what to expect from a forex robots performance. It is usually recommended to use a true ECN forex broker with plenty of liquidity to ensure low spreads, low slippage and thus the best possible forex robot trading conditions. This can save you trading costs and improve trading performance.
These articles, on the other hand, discuss currency trading as buying and selling currency on the foreign exchange (or "Forex") market with the intent to make money, often called "speculative forex trading". XE does not offer speculative forex trading, nor do we recommend any firms that offer this service. These articles are provided for general information only.
Well, it depends on what work you are expecting it to do, if you are expecting it to make you rich in a few days, weeks or even months, this is not what you are looking for! but if you are looking for a tool that can maintain your trading; a trusted tool that can trade on your behalf, so that you don't have to perform every trade by yourself, you are here in the right place. Forex Robots main target is to let you go, do other jobs, perform routine tasks even go to sleep while its there trading for you, so that it allows you not to miss or interrupt your ordinary life behavior while your business isn't missed too, so the minimum expected from a Forex Robot is to keep trading along the day as if you are setting performing your trades yourself while you can check its performance from time to time, the more advanced EAs don't content just to keep your business up, but is also try to maximize your profits, so what you need to do is to find an entrusted EA with your money which not only keep your business up, but is able to maximize your profits too.
I post this to let you know, as the title mentions it, that I made a trading diary, with google documents tool. This a generic spreadsheet which allows any trader to manage his trading (his risk, his pnl, his opened position, the orders...) with a trding diary. Every trader,should have one, and I mad mine with google docs. At least you must have an account to acces this spreadsheet.
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