What is Expert Adviser?
A Forex Expert Adviser is used to automatically generate trading signals on the forex trader’s behalf. Some software also allows for automatic trades under given conditions, and may include trailing stops so that currency traders can maximize on trends and not lose out on profit making opportunities.
What is Forex Indicator?
A forex trading indicator is a statistical tool that currency traders use to make judgement about the direction of a currency pair’s price action. Forex indicators come in many types, including leading indicators, lagging indicators, confirming indicators and so on. Such as- Moving Average, RSI, MACD.
What is money management?
Money management is one of the most important problems of new and even advanced forex traders. Almost everybody can find a good trading system that can be profitable but something that causes traders to lose, the end of the month, is lack of a proper money management strategy and discipline.
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