Background and principles
The initial goal of fx-trading.fi was to be a comprehensive knowledge base and systematic guide of professional Forex trading. At first, as a one of a kind pioneer in Finland, and now with the English version – one of the few worldwide. All content of the site is made and/or selected based on personal trading experience. Various aspects of Forex trading, basics, personal tips and selection of useful links are combined on a single site. This already is “extra”, compared to many other alternatives on the web. All sections of fx-trading.fi contain a lot of things to learn and to utilize. Having properly studied all that, the beginner will get far with Forex trading career, while saving time and money. In addition to all the comprehensive content, traders who considerately decide to choose the broker that I use/suggest, will receive a periodically updated extra package via email.
Brokers section of this site reviews and clarifies the general principles of Forex brokers, containing some cautionary examples of fraudulent actions. It also contains precise, experience based, reasons as why to consider opening account with Tickmill UK, demo at first and live later on. Extra section and the mutually beneficial cooperation of three parties functions as follows: when trader opens a live-account via this link, without loosing anything he/she receives periodically updated extra content via email, and at the same time – shows appreciation for all the work it took/takes to run this site. Tickmill UK, on the other hand, as a gratitude for a new client, pays fx-trading.fi from own budget (basically a few cents) based on the fraction of client’s trading volume. The idea is, having personally experience several fraudulent brokers, to present readers with a proven broker alternative and, at the same time, to fund the site maintenance with aforementioned commissions, while keeping own trading capital separated. Tickmill UK has been very cooperative when responding to my various corporate and technical questions for this site. Presumably, this is due to broker being especially interested in educated clients coming from fx-trading.fi. Traders, who have studied and practiced the content of the site have a proper trading approach, and so, the profitability expectations of their long trading career (and of Tickmill UK’s respectively) are significantly better than average.
At first, it is wise to proceed with demo-account, for thorough practicing of all the basics and for choosing/testing the strategy. After a few weeks of proper and consistent demo-practice, a live account can be opened (via fx-trading.fi’s link to receive extra content). And so, trader can further practice the chosen strategy and especially own trading mentality – all this with minimal 0.01 lot positions! In this case, the potential financial loss is very small, yet the benefits of trading “practice” with own hard earned money are massive. Only when the minimal 0.01 lot positions of live account are making consistent weekly profit for a few months, capital and lot size can be increased, according to money management rules. Membership of extra mailing list, of course, remains if/when trader changes the live account type. Notice, that Tickmill UK gives an automatic 5% discount from Pro account’s commissions to traders joined via fx-trading.fi.
Proven to be functional procedure: when (after demo trading) reader opens a live account (via the already mentioned link) and starts live trading – he/she informs a Tickmill UK’s client number via contact form. The extra.zip is then delivered via email reply, usually within 1-2 business days. When the extra content gets updated, the new version of extra.zip is sent to all the joined traders. Notice that also the current members of Tickmill UK can subsequently join the extra list and receive extra package. Questions about extra content and the procedure can be sent via the aforementioned contact form. And as it is stated in terms and conditions of fx-trading.fi, submitted information will never be used for marketing purposes nor handed over to any third parties.
Contents of extra package
MT4 templates of presented strategies and combined alternatives with guides. Functional layout and visuals.
Indicators required for the above, resulting from own modding and development. SMA-order based trend scanner for all pairs.
Dashboard indicator modded in user friendly way, which I myself keep always visible. Markets’ local time, range, candle close time, spread.
Convenient position management tool for general and news trading. SL and TP can be moved by mouse drag. Also: close half, move SL to BE, TS.
Personally compiled summary of the most important “Technical confluence zones and price action” strategy. From its forum thread of 300 pages.
My pdf summary of M15 strategy’s forum thread, with notes and practical trade examples.
Regularly used script-tool for news trading, which sets the required pending stop orders with 1 second precision.
Java-program, acquired from a closed paid service, that shows news deviation right at the news release moment.
News-specific summary from own trading notes, which contains tradeable pair, trading approach, deviation and common price behavior.