Position Trader
Swing Trader
Day Trader
Scalping Trader

Position Traders – hold ther positions from weeks to months. In base they use fundamental analysis to decide what to trade. They also use basic technical analysis.

Swing Traders – holds ther trades more then one day, less then a week. They use fundamental and technical analysis as well.

Day Traders - open and close positions in the same day. Ther main tool is technical analysis, they watch fundamentals only to stay on right track.

Scalpers – are very short term traders, they open and close trades in few minutes, sometimes they trade only several seconds. That’s extreamly trading style. They are very good in technical analysis and they are indicator experts.

What is The best Trading style for you?

If you’re an economist and you’re familiar with money flow between countries, have all necessary information, if you’re good at currency and derivative fundaments interpretations, and have a lot of money that you can invest, then you could start thinking of Position Trading. Swing traders have a similar background with addition that they are people who want a bit of action.

Scalping is the most extreme trading technique with its position opening on a large stake and closing the same in very short time with one single goal – profit. Scalpers are basically technical gurus that know a lot of trading software’s and indicators and they usually make their own indicators that they use on everyday scale. This is a very demanding style, so take my advice and stay away from it.

Day Trading style suits best for Forex beginners especially if you don’t have enough money to invest. This style is most popular with Forex traders and especially nowadays when the big boys manipulate the currency market. Nobody wants to make a long term investment anymore because we witnessed a lot of illogical and unpredictable currency pair movement in last couple of years. Thanks to a Day Trading it’s quite simple to open up the position for a few hours using a strategy, make a profit, and wait for a new opportunity, with no much risk included. Besides, you can find a lot of free and useful tips on Day Trading on the Internet. My advice for you is that you learn how to be a successful day trader. Now that we’ve defined our trading style it’s time to move on to the next step, which is defining the best Currency Pairs and Time Frame for your trading strategy.

There isn’t much to tell about pivot points, all that matters is that pivot points represent the daily tool of all successful investors. In this package there are all necessary pivots – package consists of three indicators:

• Daily pivots
• Weekly pivots
• and Monthly pivots MT4 Indicator

Formula that is used to calculate the pivots is identical to the ones of successful investors.

Order Pivot Points Package 3 MT4 Indicators

Sessions are being monitored and analyzed by all big investors. Unless all important sessions haven’t passed specific point that could actually be a good support or resistance, if the price passes that level it will continue in that direction with large number of pips.

By analyzing sessions you can get much information that are crucial for successful trade. If you carefully analyze the London and the New York session you’ll see that market turnover on both is at the same time – the price goes to another direction. This indicator will automatically select the three most important sessions (Asia, Europe, and USA) and their overlap. You can display only one session, or more, and make analysis of price movement on your graphs.

Order Auto Session MT4 Indicator

This indicator automatically calculate daily fibs based on daily high – low levels. You can setup indicator for weekly pivots auto calculated, or just few days. Auto Daily Fibs by default calculates Fibonacci levels of previous day based on daily high and low. Indicator can be simply set to calculate the levels of last two days or more, like week etc. by your choice.

Institutional investors, bankers, and other big investor, all of them choose the highest and the lowest daily and weekly levels as very important breaking points in the market; which makes this indicator very useful. Forget about drawing Fibonacci levels by hand, with this indicator you’ll always have a good overview of the most important points on the market.

Order Auto Daily Fibs MT4 Indicator

Forget about channel drawing by hand, this indicator will enable you constant display of the most relevant channels on the graph. You can trade within the channels or when the price break it. No matter how good you are in channel drawing, it’s impossible to draw a precise channel on all those frames and pairs, this channel will make it possible.

Order Super Channels MT4 Indicator

Indicator calculates your profit automatically. You probably often get into dilemmas whether you should open the position not knowing the ratio of possible gain and loss. With solid strategy, this indicator will give you some additional confidence, since you’ll know exactly if the opening of position would pay off.

Big investors don’t pay attention to how much would they profit, they rather care for how much they could lose, so they’re into trying to make small trades with safe rate and larger profit.

All you have to do is to type in your stake (how many lots you put in game), your open line, stop line and take profit line grab with your mouse pointer to appropriate spots on the graph and the indicator will make automatic calculation of your profit, etc. Take a look at the picture. Default input value is 0.1 lot; of course that can be adjusted to your specifications.

Order Profit Calculator MT4 Indicator

Drawing open line for each day on your charts. It’s very simple and useful indicator because price react very well on daily open price. You should keep eye on daily open price, because daily open line become support or resistance, that’s happening every day.

If price (candle) close above open daily line, it is obviously bullish day, when candle close below daily open i 90% cases it’s bearish day. That will help you a lot in day trading and scalping strategies, you will get a lot of confidence with this powerful indicator.

• Works on all time frames
• You can use it for scalping
• We use this indicator on all currency pairs

Order Auto Daily Open Line MT4 Indicator

By using this indicator you will forget about drawing trendlines, Trendlines Advanced the most relevant trendlines by connecting the most important areas in the market.

All you need to do is to just turn on the indicator and wait for the price to reach area of support or resistance that has been determined by the indicator that draws trendlines.

Order TrendLines Advanced MT4 Indicator