Dedicated to helping forex traders with tips on developing strategies, ideas to sharpen your skills, and tools that automate your trading.
At DIY ForexSkills we want you to make money trading forex consistently, by showing you the right skills and giving you the right tools to do it yourself.
As a trader there are two key things I have learnt.
The first is to focus on a single methodology and not get distracted by all the weird and wonderful trading fads and indicators and get-rich-quick scams that land in our inbox every day.
The second is to spend time on developing strategies that can generate profits; and not on the time-consuming mechanical parts of trading forex manually. We have tools that can do that for us – unemotionally!
By Andrew Peters Leave a Comment
Forex trading tools – a must for every traderThere is a new way of thinking about the forex market and a new way of trading that market. Here is why. For too long we have grappled with whether our trading should be based on technical analysis or on fundamentals; or on some mixture of both. There are good arguments for all three methods. And good examples can be provided to support all three … Read full article →
By Andrew Peters Leave a Comment
How many times have you purchased an EA, watch it make some money for a few weeks, and then promptly lose all of those winnings and more a month later. Yes, you are in a drawdown, and you won’t know how long that drawdown will last. And how much money you will lose. So you switch the EA off in disgust. You have spent $200 buying the EA, and now you have lost another $300 of your $1000 trading … Read full article →
By Andrew Peters 6 Comments
FX Autotrader Elite –Seven EAs for the Price of 1! ……and you can also make your own EAs With the launch of our updated FX Autotrader Elite Expert Advisor, customers are being offered, for a limited time only, seven currently profitable SET files or EAs. How is that possible? Simply because the FX Autotrader Elite is no ordinary Expert Advisor. It is actually a trading tool with which you can … Read full article →
By Andrew Peters 12 Comments
To succeed in trading we need to regularly analyse our trading results and adjust our strategies accordingly. It pays to never skip this important aspect of trading and there is a great tool to help us do this – it is called the Publisher EA and is available for free from http://www.fxblue.com/appstore/category.aspx?id=2 By loading this EA on your platform you will be able to analyse your … Read full article →
By Andrew Peters 3 Comments
This strategy is designed to work ranging markets on the 15 minute timeframe It uses a slow Moving Average (MA) to ensure we only take trades in the direction of the longer term trend and triggers the trades on the cross of the MAs of RSI. Strategy Conditions Double MA crossover based on: Fast Smoothed MA (SMMA) of 10 Slow Simple MA (SMA) of 100 Double MA crossover of RSI RSI … Read full article →
By Andrew Peters Leave a Comment
This is an occasional video series providing ideas and information on developing strategies for manual or automated trading and other more general trading ideas. These videos are very much targeted at the practical aspects of trading rather than the theoretical. Please register for the Free Sign Up so that you will be notified when a new video is posted. And let me know if there is any particular … Read full article →
By Andrew Peters Leave a Comment
This is an ongoing video series in which I explain the workings of the Autotrader and its many features. I also explain how to use them and provide lots of examples of how to develop strategies utilising the different indicator modules and entry and exit settings. I also cover issues in response to questions and suggestions from users. This video series complements the descriptions and … Read full article →
By Andrew Peters Leave a Comment
Whether trading Forex, commodities, equities or futures, all tradable instruments have a personality type. ...a manner in which they move based on reactions to posted economic data, or anticipated data, or even times of the day, week or year. The well-used saying in equities of Sell in May And Go Away, is based on an irregular, but sometimes true, aspect of major US markets to flatten or … Read full article →
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Disclaimer: All information on this website is General Advice only. Information contained in this website is not an invitation to trade any specific investment. This website does not take into account your individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Examples are provided for illustrative purposes only. By using this website, and using our products, you are deemed to have fully accepted our terms and conditions.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. You must be aware of the risks and be willing to accept them in order to invest in these markets. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from a Licensed Investment Advisor if you have any doubts.
All information, news and opinions on this website, social media sites or any ebook or software purchased from this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of, or reliance on, such information. The past performance of any trading system or methodology is not necessarily indicative of future results.
All potential forex traders should take into account the legal requirements and restrictions of trading forex in their particular region and should obtain individual financial advice based on their own particular circumstances before making any foreign currency investment decision.
You accept full responsibility for your actions, trades, profit or loss, and agree to hold DIY ForexSkills and any authorized distributors of this information harmless in any and all ways. The name Andrew Peters is a pseudonym used by the author.
Copyright 2015. DIY ForexSkills is a trading name of Tresik Pty Ltd. All Rights Reserved.