The recently released Million Dollar Pips is a new forex trading robot that has been produced by William Morrison. The robot trades using some simple indicators with advanced money management and is able to keep an extremely low stop loss of no more than 2 – 7 pips on average.
The great thing about using a forex trading robot is that it can take away the fear and indecision of making your trades as the trades are automatically placed when certain technical indicators are triggered. What makes the Million Dollar Pips robot more appealing is that it incorporates a money management system to keep risk low. Morrison claims that the risk to your capital is kept as low as 2.5%. Keeping the risk low is a good point in my opinion.
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We have now released our popular Fibonacci Retracement Calculator as a Google Chrome extension.
This means that you can now do your Fibonacci Retracement calculations within your browser while looking at your favorite financial data pages.
Download here
How to Use the Fibonacci Retracement Calculator
To use the Fibonacci Retracement Calculator you will need to get the prices for the beginning and end of a trend and enter them into the “High for Range” and “Low for Range” text boxes of the calculator.
You can now click the “Calculate Fibonacci Retracements” button to get the retracement values from the calculator.
Market data can be obtained for free from sites such as ADVFN.com, Google Finance or Yahoo Finance.
Read more about Fibonacci Retracement Lines.
We have now released our popular Pivot Point Calculator as a Google Chrome extension.
This means that you can now do your pivot point calculations within your browser while looking at your favorite financial data pages.
Download here
To use the Pivot Point Calculator you will need to get the previous days Open, High, Low and Close prices for a stock, currency or other financial instrument.
Market data can be obtained for free from sites such as ADVFN.com, Google Finance or Yahoo Finance.
Find out more about how to use pivot points in our Pivot Point article.
Be sure to check out our online pivot point calculator and our free pivot point calculator download.
Let us know what you think in the comments.
If you are a Firefox fan, and use the internet a lot to handle your investments, then take a look at these 4 useful Add-ons and tips to help you out.
If you are unfamiliar with Firefox, then check out the Firefox website for more info on this popular web browser.
Each of these add-ons and tips are easy to get working and easy to disable if you don’t like them or they are not suitable for you.
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I finally got around to finishing my Stocks Watchlist WordPress Plugin [download].
The Stocks Watchlist plugin allows you to store stock symbols in your WordPress database and then output these symbols along with their live prices to your WordPress blog. You should be able to see mine in the far right hand column here.
To add/edit/delete stocks to the watchlist database, go to Manage->Stocks Watchlist in the admin panel.
Here it is possible to add a description to the stock symbol and also enable it to be visible in the output.
To output your stocks watchlist, add the following code to your blog template:
<?php swl_output() ?>
When the stocks watchlist is output, it will retrieve the latest price for the stock from Yahoo Finance and also insert a link to the stocks news page at Yahoo Finance.
The plugin was developed with WP2.1, but should work on all versions. Also, it requires cURL to be enabled on your webserver.
If you would like to give it a go, I would really appreciate some feedback. Also, I would be keen to hear of any features that you would like to see added to the plugin.
Update v1.1 v1.0 has not been working for a while, but I have now fixed the bud.
Download – Stocks Watchlist WordPress Plugin
Our Online Pivot Point Calculator has become very popular, so we decided to write a version that you can download and run on your PC. You can download the Pivot Point Calculator here.
To use the Pivot Point Calculator, simply enter the previous days Open, Close, High and Low prices into the relevant text boxes and press the Calculate button. You will then get the Pivot Point, and Support and Resistance levels for the days trading.
You can read our Pivot Points Article if you would like to know a little bit more about Pivot Points.
To use the Downloadable Pivot Point Calculator, you need to be running Microsoft Windows with the MS .Net Framework 2.0. You can download the MS .Net Framework 2.0 here if you do not have it.
Please leave any comments and suggestions for the calculator.
Download Pivot Point Calculator Here.
If you have an interest or use Fibonacci Retracement lines for your trading, then please take a look at our Free Online Fibonacci Retracement Calculator.
The Online Fibonacci Retracement Calculator is our latest addition to our popular online financial calculators. And like our other calculators, it is free to use!
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This article is a brief introduction to explain what Exchange Traded Funds are, how they work, and how you can use them as part of your investment arsenal.
Basically, an Exchange Traded Fund is a collection of shares that will try to replicate the price action of a particular index such as the S&P500 or a market sector such as Energy or Technology.
Exchange Traded Funds were first introduced in 1989 on the Toronto Stock Exchange, and have gained popularity ever since.
The American Exchange lists over 100 Exchange Traded Funds. The first to be listed here was the SPDR in 1993.
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We have just developed and released our Online Compound Interest Calculator here at TraderKnowledge.com.
We decided to develop this due to the success of our downloadable compound interest calculator as we have received requests from people who do not run MS Windows or who simply don’t want to run the software on their personal computers.
The Online Compound Interest Calculator is easy to use – just follow the instructions.
We would love to hear any feedback about how we could make it better for you, so please let us know.
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Here is a quick guide to Forex Trading. We will aim to explain what Forex Trading is, why Forex Trading has become so popular, how to get started in Forex Trading, and how to get successful at Forex Trading.
First of all, What is Forex Trading?
All around the world money is being transfered from one country to another, 24 hours a day of the working week. For this to happen, the money is effectively being traded from one currency to another.
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