When many people think about a trade log, they often think along the lines of keeping a diary you write down your trade details in pen (or pencil) and paper, right? While this may be one way of keeping a trade log, it's actually not the best one.
The user base for Forex Ambush is very small. On the large Forex forums I frequent, most people haven't heard of it. It would have been nice to get the views professionals but sadly none seem to know of it.
Your choice of forex trading broker will largely depend on your need in the trading market. Many brokerage sites will provide trading simulators and expert advice as well as research and analysis designed for first time traders. Furthermore, these websites typically provide experienced online Forex traders who offer in-depth advice to forex traders of all levels. All of these tools are available to beginners to try out.
This is not changing dollars of local currency when you are on vacation. This is a business that trades about 1.3 trillion dollars a day currently and continues to grow. In fact, foreign currency trading is one of the biggest financial markets today.
You can forex online simultaneously place a limit order at This limit order is 150 pips above your order price. If the Euro strengthens against the US dollar to 1.5973, your order would trigger, and you would exit the trade with a $1,500 profit.
Why do EA Authors run a back-test on a higher than 1 minute time frame? Probably because they are using 15 minute technical indicators (in this case), that cannot calculate a 15 minute bar from 1 minute chart data. This is also the reason why these systems are set to run on a 15 minute charts too (in this case at least).
Whichever method you choose, just make sure that you're comfortable and consistent with it. Don't use voice recordings today and then use a Word document tomorrow to log your trades. Your notes will end up all over the place, which makes future data retrieval a nightmare. Keep things simple and neat: always use the same format to log your trades.