Gft Forex

GFT (www.gftforex.com) is one of the largest online retail brokers. As a world-leading FOREX company, GFT has received numerous awards for growth, technology, and entrepreneurship. Since starting in 1997, GFT has built a base of retail and institutional customers in more than 120 countries. In the GFT online Resource Center you may get a copy of two booklets, Introduction to Forex Guide and Guide to Currency Trading. GFT is popular with smaller firms, which use GFT's platform and clearing...

The Importance of Money Management

Money management includes trading wisely and husbanding your trading resources. FOREX speculation involves significant risk taking. Never risk what you cannot afford to lose. You cannot trade without trading capital, so capital preservation is critical. One key to holding on to your capital is the appropriate use of leverage. The required Commodity Futures Trading Commission (CFTC) warning statement on the Global-View web site contains a lot of wisdom for traders of any instrument. This chapter...

Heuristic Based Trading

Lthough I am engaged in developing two algorithmic trading systems, the Trend Machine a cellular automata-based system and JOSTAN FX an artificial intelligence expert system , I don't use automated algorithmic systems to trade currently. I remain an old-fashioned discretionary, seat-of-my-pants chart trader. I use nothing but charts to trade, no indicators. I do troll the Global-View forum two or three times a week to get a sense of what other traders are thinking on specific markets, to see if...

Methods and Systems

The Squiggle

As mentioned earlier, methods are combinations of trading tools used by a trader. A system is essentially an automated trading method. Systems have become very popular in the past few years and are used by many of the large FOREX hedge funds. Crossovers Crossovers Figure 3.9 are most common with moving averages, but may be used with other indicators. In a crossover, the indicator is calculated in two or more scales when the indicator in one scale crosses over the indicator in the other scale a...