What is the Pareto principle and how to apply it to the Forex market
Pareto principle is one of the most important discoveries for the financial sector. The principle is based on the so called "80/20 rule": 20% of the effort brings 80% of the result and 80% of the effort brings only 20% of the result. Pareto principle is used to assess the effectiveness of a particular activity. If you use it in practice, it becomes clear which resources provide the best result, and which bring virtually no return. It is this principle that brought rich people much of their success.
Modern trading leans toward complicated market analysis, using nonlinear technical indicators based complex mathematical formulas, elements of econometrics and relying on artificial intelligence.
However, despite the constant expansion of the indicators package pre-installed in trading terminals, moving averages and other elements of technical analysis, opened a century ago are still out there. The secret of "longevity" is simple – century old tools continue to bring traders money.
How to test Expert Advisors - a comprehensive MetaTrader 4 manual
One of the main advantages of MetaTrader 4, the leader among similar platforms used by traders for trading on the Forex market, is the ability to program strategies. Any user who has learned the basics of the mql language can code the system by creating an algorithm for signals issuing or for fully automatic trading (algotrading).
You probably have already stumbled upon the word FOREX (or Forex) on the Web and heard that one can somehow earn on it. Let's see what the hell is this thing - Forex - and why there is so much fuss about it.
VR Watch list and Linker - linking charts in MetaTrader
Lot of manual strategies require analysis of several timeframes before entering a trade: for example daily, 4 hour and hour charts. If you trade more than one pair, it is simply annoying to change the instrument each time, or tons of charts.
How to benefit from an expert adviser Affiliate, Folding, Buying?
In this article, we will consider in detail all the options for obtaining advisers and other programs on the Internet. These methods are very few, but they are very different from each other and in the future will be useful to you. All of us are with you people and came to forex to improve their welfare. We not only trade hands, but also use programs that facilitate our daily monotonous work. Advisers, indicators, scripts - these are the programs that help us in the terminal MetaTrader to profit from financial markets. The main ways to get programs into your trader's hands are just two: paid and free.
The order network is the principle of trading, in which you prepare to open several orders in advance. Orders can be opened both against a trend, and on a trend, as well as in lateral movement. The volume of orders can go on increase, decrease or can remain invariable for each warrant. The purpose of such a trade can be different, it can be a reduction of losses, it can be building up a position on the trend to extract the maximum profit.
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