Forex Crunch » Forex Software System

Trading System Pitfalls and How to Avoid Them

Yohay — Thu, 27 Jan 2011 15:42:38 +0000

Traders following a trading system need to be aware of some of the associated pitfalls that can seriously impact the profitability of their trading. One of the most important pitfalls to avoid consists in failing to follow the system properly under all optimum trading conditions.

Guest post by Forex News Now

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PT Multistation Goes Social

Yohay — Thu, 18 Feb 2010 06:09:39 +0000

Connecting to different brokers at the same time is the core feature of PT Multistation. Now they allow connecting to different traders. The social abilities are part of a new set of features and of re-branding of their site. Here’s a review.

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How to Use a Demo Account?

Yohay — Mon, 23 Nov 2009 10:00:17 +0000

Guest post from ForexTraders.com

It’s not enough that you trade a demo account, you test the broker, and his capabilities, but more importantly, you need to test yourself in the process. The best attitude in trading is to seek the faults always within yourself instead of blaming anyone or anything for adverse consequences. In a similar vein, it is better use demo trading to test your compatibility and your competence with a broker’s software before making speculations about others, and what they offer.

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PT Multistation – a power-tool for advanced forex traders

Yohay — Sun, 22 Nov 2009 09:30:27 +0000

PT Multistation is a new product by PFSoft, a software provider that specializes in software for brokers. PT Mulitstation is a multi-product software that allows the trader to connect to different brokers at the same time, compare and send orders. Their wide programming options make it a good choice for advanced traders. Here’s a review.

PFSoft, a young and innovative software company from Ukraine, has launched PT Multistation recently. Their main product is Pro-Trader, which is a highly customizable trading platform, for forex trading and for other instruments, that can be used by brokers

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Forex Demo Account – When to go Live

Yohay — Tue, 27 Oct 2009 13:27:22 +0000

In another post in the series about forex demo accounts, a serious question is: when to go live? When do you leave the practice account behind, and put real money in forex? I’ve already written that a demo account isn’t only for newbies, so the answer depends…

If you’re a seasoned forex trader, you’re probably trying out the new broker with a demo account. Also for you, it’s important to learn the software, get acquainted with it and especially get to “feel” the broker.

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Trading on a Website or Using Software?

Yohay — Thu, 23 Jul 2009 09:59:03 +0000

Some people prefer trading on a web site, while others download a desktop software for making their trades. Each option has advantages and disadvantages. I think the web will take over online forex.

Calling the dealer to make a trade is something that still exists, but people rarely use it. Getting on the phone with the dealer takes more time than making the trade via the computer. It’s also prone to errors. Traders do it only when they have no other choice.

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Forex Trading isn’t Easy Money

Yohay — Sun, 10 May 2009 15:01:54 +0000

Using Sortfix, I found that forex is associated with easy money. Anyone in the field knows that it isn’t easy. Too many sites promising easy or automatic money probably caused this situation.

Sortfix is a tool that helps find the right stuff on the web. It uses a few search engines for searching (Google, Yahoo, etc.) and then offers “power words” to refine the search. These power words are other keywords or phrases that it finds related to the original phrase.

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Forex Autopilot System – Open Source

Yohay — Tue, 20 Jan 2009 14:08:57 +0000

While searching for information about Forex Autoplilot systems, I’ve asked a question on Forex Factory, and found an interesting project. A participant named LongToBeeFree created a nice piece of software that creates trades automatically – a forex autopilot system.

In the first post, he explains about using the Turtles system for getting signals and creating trades. His first version of the software received lots of comments, in a discussion that went on for three pages.

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Forex Autopilot System – Is it serious?

Yohay — Sat, 17 Jan 2009 07:00:35 +0000

In Forex trading, technical analysis is often used for decision making. The logic is simple – trading patterns, and mass psychology don’t change often, and therefore conclusions can be made according to charts.

Using only numbers for making decisions is controversial, but has a serious reputation. Some people use only technical analysis, others only fundamental, and many many forex traders take both into consideration.

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Forex Software Systems – More Important Things

Yohay — Tue, 13 Jan 2009 14:00:21 +0000

In the previous post, Forex Software Systems – 5 Top Factors, I wrote about the most important things to take into consideration when choosing a Forex provider.

These aren’t the only things that are important with Forex platforms. Here are a few more:

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