FOREX REVIEWS

If you have been reading my blog recently you might be aware about the development of a trading tool I have built to use the metatrader 4 strategy tester as a "live" trading platform that would let us speed up the process of manual or discretionary system evaluation to a great extent. The tool allows us to use the visual backtesting feature of the strategy tester to trade on "live evolving charts" as we would trade the real market. You can read more about this tool and what it does here . On today's post I want to talk about the meaning of the word Umaki and how you can get this useful tool to increase the speed in which you learn to trade manually and understand the forex trading market. What does Umaki mean ? Contrary to my general expert advisors which use words in Quechua or Nahuatl as their names (all experts of the Watukushay project use them) this trade-learning tool uses a word in Zulu, the language of a very well known group of Southern African tribes, ...

Sure, we have all heard about the huge effort and thousands of hours that traders need to put into this business before they even start to turn a profit. One of the first thing that people new to the market first fight with is this inevitable need to acquire experience and the painful but real fact that demands this experience to be acquired through actual real trading, experience that needs to be taken by watching the screens and by losing money on the market (demo or live). If you want to become successful in trading then you will probably need to trade live for years before you actually come up with a true system (mechanical or discretionary) that has a positive long term statistical age and some - even remote - guarantee of bringing you stable profits. Is there any way to short-cut this road through effort ? On today's post I want to discuss with you a way in which I believe that the time invested in trading can be exponentially reduced, reduced to the point where you will be a...