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.
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.
Reminiscences of a Stock Operator is probably one of the best and well known books on the subject of financial speculation.
The book is a thinly disguised biography of the great stock trader Jesse Livermore, but also documents the time of financial speculation during the early 20th century.
Reminiscences of a Stock Operator tells how Livermore started his amazing career when he was a teenager working in one of the bucket shops that were common during this time. He had a head for numbers and noticed how stocks reacted during times of heavy buying or selling.
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Mark McRae has just released version 2 of his very popular Traders Secret Code product. In this latest version of Traders Secret Code, Mark has provided PDF transcriptions of his excellent videos as well as adding the ability to download the videos to your own computer.
Traders Secret Code has been a popular source of information for new and professional traders for some time now and is constructed with the high quality that readers will know is indicative of other books that Mark has produced.
Mark also provides a number of really useful (and free) bonuses with Traders Secret Code v2. These include:
- Downloadable Risk Probability Calculator
- Trading For Beginners ebook
- Money Management ebook
- Bonus Secret Trading Tactic to Predict Market Moves!
- Email Newsletters
You can visit the Traders Secret Code v2 website here.
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Secrets of Successful Traders is basically a trading strategy, that if followed correctly will make you profit in the stock market.
Within its 10 chapters (split into 2 sections), Secrets of Successful Traders will guide you through what you need to know and what you need to do to become a successful stock trader .. i.e. one that is making a good net profit from trading stocks on the stock market.
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In Bird Watching in Lion Country – Retail Forex Trading Explained, Dirk du Toit (A.K.A. Dr Forex) sets out to explain exactly how the Forex Market functions and what you need to know and how you need to work in order to be one of the winners who are trading the Forex.
Dirk du Toit is a successful trader who specializes in the Forex Market and imparts his knowledge in this popular 236 page book.
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I recently bought a really good eBook called How To Trade The Futures Market by Malcolm Robinson.
I love to read first hand accounts of how traders begin by failing in the markets and then instead of just giving up, they take a step back and look at how their trading system fails to make profits and then tweak their system to go back into the markets to become a successful trader.
How To Trade The Futures Market is a great example of this type of story! Within the pages Malcolm Robinson gives an indepth account of how he went from losing £60,000 (currently about US$120,000) in his first year as a futures floor trader to turning himself into a successful and profitable professional trader.
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Doubling Stocks is a market newsletter written by Michael Cohen that is targeted at profiting from Penny Stocks. Each week, Michael simply emails the newsletter subscribers with a stock buying recommendation.
The Doubling Stocks newsletter started out as a creation of John Cohen (Michaels father). When John died, he had taught everything he knew to his son who has kept the newsletter going strong.
Now it is Michael who works hard producing the Doubling Stocks newsletter. With all the hard work that he has put in, along with the tuition from his father, Michael has developed a real sense for being able to apply a trading system to consistently pick winning stocks.
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