Forex Definition

Why is Trading Robot ( automated ea) good?

-no expertise needed
-no experience needed
-no need to spend time on it, therefore is a perfect investment next to a full time job
-the EA program only needs to be installed once and will generate forex gain from that point onwards
Too good to be true…but it is really true!
When I was introduced to the forex robot I thought this was just too good to be true. But after testing it on a demo account, and continuously, daily, weekly it kept bringing gain, I decided that I do not want to miss a single cent, and will start using a real account . And it just keeps generating real profit ever since.
If you have doubts, try it out in demo without money!


Best Expert Advisor (EA) is a sophisticated automatic trading software tool. Each EA is built upon a specific set of rules, on your trading platform to execute trades on a purely logical basis.The EA watches the market for you and will execute trades based upon predefined parameters. Unlike a human, it is also capable of monitoring indicators, support and resistance levels, and many other factors in multiple timeframes and making immediate decisions.An Expert Advisor (EA) is software written specifically for MetaTrader platforms to enhance the results and profits of currency traders.There are two types of EAs for MetaTrader4: MQL4 and EX4 files. The main difference is that MQL4 can be opened and edited with the MetaEditor program, while cannot be edited

At Best EA Robots site we have a tendency to search the net for reliable and honest Forex product. Then completely take a look at the product with the most effective reviews before deciding if they must be listed live. This is a 100% free  forex trading  robot reviews ( Expert Advisors or  Best Forex EA’S) testing site. We find the best forex robots for your live account trading!

What is a Forex Hedge?

A forex hedge is a transaction implemented by a forex trader to protect an existing or anticipated position from an unwanted move in exchange rates. By using a forex hedge properly, a trader who is long a foreign currency pair can be protected from downside risk, while the trader who is short a foreign currency pair can protect against upside risk

What is a Forex Scalping?

A fx trading strategy used by forex traders to buy a currency pair and then to hold it for a short period of time in an attempt to make a gain. A forex scalper looks to make a large number of trades and earn a small FX gain each time.

What is a Forex VPS?

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

It is easy, handy, comfortable to use VPS instead of keeping on your PC all the time, not to mention the importance of having continuous, stable internet connection. Use: Windows VPS. Vps companies: Click the buttons on the Navigation Bar (on the left side)

What is an ECN forex broker?

An ECN forex broker is an expert who uses electronic communications networks (ECNs) to provide its forex trading clients direct access to other participants in the currency markets. Because an ECN forex broker consolidates price quotations from several market participants, it can generally offer its forex trading clients tighter bid/ask spreads than would be otherwise available to them.

Since an ECN broker only matches trades between forex market participants, it cannot trade against the client, which is an allegation that is often directed against some “market maker” retail forex brokers. Because ECN forex broker spreads are much smaller than those spreads used by everyday market maker brokers, ECN forex brokers charge clients a fixed commission per transaction. Even with commissions considered, trading with an ECN forex broker is less expensive and more reliable than using a market maker non-ECN forex broker.

An ECN forex broker allows people to open  accounts and trade forex through the internet using a trading platform such as Meta Trader . You can begin by practising trading on a demo account and move over to a live trading account when you are ready. There are plenty of forex brokers to choose from before you begin forex trading, so be sure to do your research and ensure that your chosen broker meets certain criteria. They should provide low spreads, low commissions, fast execution and no limitations on stops. ECN forex trading accounts form the ultimate trading environment for trading currencies, this is why it is highly recommended to choose an ECN forex broker.

What are the advantages of an ECN forex broker?

The type of broker that you choose to use can have a significant impact on your forex trading performance. If you opt to use a retail market maker forex broker that does not execute your trades on time and at the initial price that you wanted, what may have been an opportunity for a good trade can rapidly descend into an unexpected loss – through no fault of your own or due to your forex trading system but due to the impact of choosing an unreliable retail market maker forex broker. Therefore, it is upmost importance that you carefully analyse the advantages and disadvantages of each forex broker before making a decision on which one you would like to open a forex trading account with and trade through.

True ECN forex broker Pros:

  • More often than not better bid/ask prices due to the fact that they are derived from multiple sources. You get the best bid and best ask prices at the time of trading.

  • The possibility to trade forex on prices that have very small or even zero spreads at specific times.

  • Real true ECN forex brokers do not trade against you as a market maker would, instead they will pass on your trade orders to a bank or another trader on the opposite side of your trade transaction.

  • Prices can be more volatile, this is better for forex scalping systems.

  • You have the ability to offer a price between the bid and ask.

  • ECN forex trading is completely anonymous. This enables you to trade forex on neutral prices that are a reflection strictly of the real market conditions with no bias whatsoever against your trade direction/position.

  • Instant Trade Execution on the best possible prices with immediate confirmation. There is no dealing desk to interfere so there are no re-quotes.

  • Client-to-Bank Trading. Forex traders can trade directly on the global liquidity of the best banks and fully qualified/registered financial institutions. ECN forex brokers provide traders with direct access to market prices.

  • Ideal conditions for automated forex trading systems (forex robots).

  • Many ECN forex brokers have very low commissions along with the lowest (sometimes zero) spreads making trading costs and chances of being profitable much higher than using a non-ECN forex broker or market maker.

What is an Electronic Communication Network (ECN)?

An electronic communication network (ECN) is an automated system that will match forex traders buy and sell orders. An ECN will connect to major forex brokerages worldwide and individual forex traders enabling them to trade directly between themselves without the need of going through a middleman (such as a market maker). The ECN makes money by charging a small fee for each conducted transaction, known as a commission. ECNs give the possibility for forex traders in multiple different locations around the globe to trade with each other in a fast and efficient manner. The Securities and Exchange Commission requires ECNs to register as broker-dealers making them extremely reliable and completely transparent.
ECNs will display the best possible available bid/ask quotes from various market participants, then automatically match and execute the orders. ECNs allow the use of automated trading, passive order matching and fast execution. ECNs serve large institutional and retail forex traders. This makes ECN forex brokers the perfect solution for using forex robots.

How does an ECN work?

ECNs pass on all of the prices from multiple forex market participants, such as banks and market makers, along with other forex traders connected to the ECN. They display the best bid/ask quotes on their forex trading platforms based on these prices. ECN forex brokers also serve as counterparties to forex transactions, although they operate on a settlement, rather than a pricing basis. Unlike fixed spreads that are offered by some market makers, the spreads of currency pairs do vary on ECNs, dependant on that particular pair’s trading activity. Market makers can also increase the spreads making it more difficult for the forex trader to be profitable and so that they make more money for themselves by increasing the trade costs. During trading periods of high activity, you will sometimes get zero ECN spread, particularly on the very liquid currency pairs like the majors (EUR/USD, USD/JPY, GBP/USD and USD/CHF) and also on other currency crosses.

Forex Currency Trading

A form of instruction or mentorship that provides information on  tactics, methods and successful practices. Forex training acts as a guide for the retail forex trader, providing insight into successful strategies, signals and systems as well as other general information on the foreign exchange market

Manual Trading

A trading system that involves human decision-making for entering and exiting trades. This is in contrast to automatic trading, which employs programs linked to market data, which are able to originate trades based on human instructional criteria. Manual traders often employ computer programs in order to consolidate information. In some cases, they may also set automated indicators to alert them to potential trading opportunities. However, in all cases, human input is required to authorize trades.

Forex Trading Strategy

A set of analyses that a forex day trader uses to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be based on technical analysis charting tools or fundamental, news-based events. The day trader's currency trading strategy is usually made up of a multitude of signals, which trigger buy or sell decisions. Forex tradingstrategies are available for free, for a fee or are developed by the traders themselves.

What is Forex?

The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements.

What is Expert Advisors or Forex Robot?

Expert Advisors (EA) are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.