As the famous Hollywood movie 'Wall Street's' tag line says, money never sleeps and in case of the foreign currency exchange market it is literally true. As the Earth revolves around herself, sun rises and falls, the forex markets world over, keeps on opening and closing in order to facilitate uninterrupted currency trade.
The problem with this is, that when you purchase and download the system, and then run a back-test on your own MT4 client, you will probably find that the back-test does not match the Authors in any way shape or form ..!
Whereas an independent trader will depend on a mentor and/or learn form education to take control of situations, a dependent trader will never do that.
forex trading can be quite profitable, but also just as risky. You have to make sure you understand margin trading and the particular pitfalls, before trading extensively. When you trade, you must remember that you are dealing with two currencies, not just one. It is your decision, of which currencies you will be trading. You can stay focused on USD/EUR, the representation when trading (USD/EUR=US dollar and the Euro), or you can expand and deal with multiple currencies (USD/JPY= US dollar/Japanese Yen).
Using options in currency trading is becoming popular over the recent past as a great way to make money with currency trading as well as to hedge the risk, and it has become a favorite technique of thousands of currency traders across the world.
Every day there are fundamental announcements made that affect the forex market. What I have noticed along with many other forex traders is that when forex online a fundamental announcement is made concerning a certain currency the currency on average will make a pip movement within a short time frame. This strategy is designed to catch the pips from this movement.
What all this guff actually means is that the back-test is being run on bars above 1 minute, and that the 1 minute bars being used dont cause mismatch errors (i.e. the 1 minute data stacks up to the higher timer frame data) and that the back-tester has chosen to use every tick as the model, which actually synthesizes ticks to fill in the seconds in a 1 minute bar.
These major pairs are naturally associated with countries that are financial superpowers with high volume of trade conducted all over the world. The dynamics of the foreign exchange trade is an interesting subject of study as it can provide you with a pulse of the world economy, along with its rising and falling financial fortunes. As the wave of globalization engulfs most countries around the world, the fates of these major pairs are inextricably intertwined. Make sure that you study the foreign exchange market thoroughly before making an investment in this market which never sleeps!