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FOREX vs Stocks (and Other Markets)

FOREX vs Stocks (and Other Markets)

Every so often, we hear the random person state that all markets are the same and if you can trade stocks, then trading Forex, options, or futures, and commodities isn’t that much different…so go ahead and dive in, you’ll be just fine. Not Like the Other...
Using the MT4 Strategy Tester

Using the MT4 Strategy Tester

We use the MetaTrader 4 (MT4) platform for a number of reasons.  First, and foremost – it’s what most brokers use.  Second, it’s very user-friendly.  Third, it has the largest public (free and pay) library of indicators available AND permits you to effectively...
Best Leverage for Beginners

Best Leverage for Beginners

This is a very important question since leverage is what makes the Forex market so attractive to traders.  We answered this in our Quora space since it has appeared multiple times in various forms, and felt our community would benefit here at Stonehill Forex. Not a...
Best Currency Pairs to Trade for Beginners

Best Currency Pairs to Trade for Beginners

We have often heard traders make the claim that one currency pair is “easier” or “difficult” to trade over another.  My response was a bit shorter on Quora, but here…you’ll get the full story. We will examine the claim by other traders and why it really doesn’t...
Is Forex Worth It?

Is Forex Worth It?

I came across this question on Quora.  It was such an “in your face” question, that I just couldn’t ignore it. The short answer is, “It depends.” The longer version goes like this.. If you are an individual who is able to follow direction, can stay focused, remain...
What is a PIP in Trading?

What is a PIP in Trading?

Whether you’re a brand-new trader or an old hand, understanding exactly what a pip represents and the correct way to interpret the value between currencies is of utmost importance, since pip values directly translate to profits and losses. How Small Can You Go We...
Fisher as a Confirmation Indicator

Fisher as a Confirmation Indicator

Welcome to the next indicator study.  This research represents an investigative look into how and why some indicators work and some don’t work as well. New Versus Old As we continue introducing indicators that are not included with the MT4 platform in an effort to...
How to Choose a FOREX Broker

How to Choose a FOREX Broker

Brokers.  We need them and to a large degree, they need us.  In this blog, we’ll discuss types of brokers, why you, as a retail trader, have specific access to trading volume, and different kinds of accounts – so get a drink, sit back, and buckle in. Love, Hate,...
ADX as a Volume Indicator

ADX as a Volume Indicator

Welcome to the third indicator study.  This research represents an investigative look into how and why some indicators work and some don’t work as well. New Versus Old Volume indicators, for the most part don’t have as much breadth in variety as other indicators such...

Trading as a Profession

Let Me Off Trading as a profession…the ultimate dream.  Jumping off the 9-5 merry-go-round grind, telling your ungrateful boss to take a long walk off a short pier, ditching the commute, kissing your annoying coworkers and ungrateful customers goodbye.  It...
Zero-Lag MACD as a Confirmation Indicator

Zero-Lag MACD as a Confirmation Indicator

Welcome to the second indicator study.  This research represents an investigative look into how and why some indicators work better than others. New Versus Old As we mentioned in the first indicator study on the Hull Moving Average, the premise behind these studies is...
$EVZ (EURO FX VIX):  Pre-trading tool

$EVZ (EURO FX VIX): Pre-trading tool

If you’ve listened to the No Nonsense Forex podcasts, videos and read through the blogs, you probably have heard the term; “The Euro VIX”, or the Euro currency volatility index mentioned as a pre-trade tool.  You may ask yourself; “What it is, how can it help me, and...
Do Women Make Better Traders?

Do Women Make Better Traders?

Historically, the world of trading (all markets) have been dominated by men and only recently, have women entered the arena.  This bears investigating.  Let’s dive into this a bit. Testosterone Women are not as susceptible to overconfidence.  Additionally, women...
Does it Take a Lot of Money to Trade?

Does it Take a Lot of Money to Trade?

Anybody Can Trade Unlike other markets, most FOREX brokers have low minimum account requirements.  Almost everybody can open a live account.  With the power of leveraging (also known as “gearing”), your dollar, yen, pound, or whichever currency you fund your account...
Trading Psychology

Trading Psychology

Emotional Roller Coaster Trading can be one of the most exciting, nerve wracking, maddening, giddy and scary things you ever experience.  The emotional highs when trades are “in the money” can be tremendous. However, the lows when your trade is losing can really...
Playing into the Interest…

Playing into the Interest…

Currency Carry Trade The “Carry Trade” is an interesting and potentially intoxicating strategy.  Very popular with large hedge funds, individual retail traders and every sized organization in between, its popularity has flowed and ebbed over the years.  With dynamic...
Hedging – is it Worth it?

Hedging – is it Worth it?

No, not this kind…  Hedging is a strategy when a trader buys and sells the same currency pair (and lot size) at the same time.  The idea is that if the market is moving sideways without any particular trend, the trader would be positioned to close one side or the...
Is Forex Trading Gambling?

Is Forex Trading Gambling?

Say it Ain’t so The statement, “Isn’t Forex trading like gambling” has been uttered by many uninformed individuals, for a long time.  We’ve all heard those words at one time or another, “FOREX?  Isn’t that some kind of crazy gambling scam?”  You then hear that...
Who can trade FOREX?

Who can trade FOREX?

Heads or Tails There was an old adage about flipping a coin to make decision about how to trade.  Heads – go long…tails – go short.  As long as you had decent money management in place, you *might* do okay. Why take that chance?  With the education...