Foreign exchange trading often involves maintaining positions for varying lengths of time, possibly overnight or longer. Such situations necessitate a balancing act, ensuring the account remains neutral at day's end. This is accomplished through a process known as rollover, which might incur a fee known as a swap fee. Understanding the implications and calculations behind this process is crucial for effective trading. Understanding Foreign Exchange Swaps Foreign exchange swaps are an essential aspect of FX trading. These swaps entail understanding the math behind the forward and swap rates, beneficial for those considering trading on forward FX rates. Understanding the intricacies of these calculations, even for day traders, is essential for navigating the financial waters of forex trading successfully. Forex Swap Fee Explained The swap fee comes into play when holding a trade open overnight or longer, signifying a cost or benefit generated during this period. Some brokers might forgo this fee, substituting it with wider bid-offer spreads or commissions. While swap-free forex brokers exist, the cost of keeping positions open overnight is invariably accounted for in some manner. For a fresh example, imagine buying GBP/JPY. You hold British Pounds and have sold Japanese Yen. If you bought £20,000 at a rate of 150.00, you would have sold ¥3,000,000 which you didn’t have initially. Borrowing the yen to exchange for the pounds involves a cost, determined by the interest rates of the respective currencies. If the yen's interest rate is higher than that of the pound, it will generate a cost. The opposite is also true, potentially leading to a benefit for your account, known as positive carry. Positive or Negative Carry It’s vital to research corresponding interest rates for the currencies you're trading to determine which positions will have a positive or negative carry. Positive carry generates income for your account, while negative carry creates a cost. Various online platforms provide central bank interest rates for different currencies, offering a guideline for traders. Foreign Exchange Swaps Overview A foreign exchange swap includes two legs – a spot trade and a forward-dated trade in the opposite direction. For instance, consider a foreign exchange 1-month swap in AUD/USD. The first leg involves buying dollars and selling Australian dollars at the spot rate. The second leg, forward-dated by a month, involves the opposite exchange at the forward rate. The forward rate and the resultant cash flow are affected by the difference in interest rates between the two currencies. FX Swap Calculation The calculation for the FX swap rate is relatively straightforward, reflecting the difference in interest rates between the two currencies in the pair. This difference compensates for the disparity in interest rates, ensuring that the cash flow remains balanced over the duration of the trade. In conclusion, understanding the intricacies of foreign exchange swaps, including swap fees and positive or negative carries, is crucial for effective and profitable FX trading. A clear grasp of the concepts and calculations involved allows traders to make informed decisions, effectively managing the costs and benefits associated with maintaining positions overnight or longer. Proper research and continual learning remain essential components for success in the forex trading world. #ForexSwaps #ForeignExchange #FXTrading #CurrencyTrading #ForexTips #ForexSwapFee #FXRate #SwapRate #TradingEducation

Sup 9 Breakout EA 80% from database analysis, 20% use brokers' data, always do not rely on brokers' data all the time.This is one of the concept to create our database products. Performance S9B: Concept of S9B EA: S9B EA is a fully automated trading system that operates without the need for any user input. The system employs a simple yet effective trading strategy that does not involve the use of a martingale approach. However, the most critical aspect of the system's development was determining when, why, and how it should execute trades. One of the primary challenges that S9B EA addresses is the discrepancies in OHLC prices among different brokers. These discrepancies can cause the same strategy to result in different positions, which can lead to inaccurate trading signals and mislead the system itself. To avoid this, PenataQ was developed to rely exclusively on live results, ensuring that all users receive reliable and consistent trading signals, regardless of their broker. S9B EA offers users five buying and five selling strategies, providing a range of tools to approach the market. Additionally, the system includes a database that features a calculator for managing risk and profit through lot size calculation. This feature enables traders to optimize their position sizing and better control their exposure to potential losses, further enhancing the system's effectiveness. Variations in prices among brokers are common in the financial markets, as different brokers often have different numbers of buyers and sellers for specific instruments. This can lead to different ask prices for the same instrument, which can impact the logic used by S9B EA to open and close positions. However, the system is designed to account for these variations, ensuring consistent and reliable trading results for all users. In summary, S9B EA is a powerful trading system that offers a range of buying and selling strategies and includes a calculator for managing risk and profit. The system is designed to address the challenges posed by OHLC price discrepancies among different brokers and provides users with reliable and consistent trading signals based on live results. WebRequest: Users must connect to our Neural Network system through Web request to receive more accurate signals. By using our signals, we can respond to unpredictable future price fluctuations in a more flexible manner, not solely relying on past data. This will ensure that trading becomes double-protected. Extra Calculation: All broker quotes Sentiment analysis Heat maps Swap rates News filters Data mining for news 24/7 and breaking news ( https://t.me/BreakingNewsFX ) Main features : No Parameter to be set; we do not suggest any .set file, just as we do not judge an EA with back-test result Users only set up adding URLs into Web requests on MT4 and put EA on the chart. Fully dynamic on controlling risk to every different capital user Fully dynamic Take-profit level, Steps control Suitable for all prefix and suffix symbols Can manage any capital of more than 1K USD Account currency calculated into Auto lot size: JPY; GBP; CAD; AUD; HKD; EUR; SGD The best pair on the main pairs related to USD; GBP; EUR; AUD; CAD; JPY; CHF; NZD AUDCAD,AUDCHF,AUDJPY,AUDNZD,AUDUSD,EURAUD,EURCAD,EURCHF,EURGBP,EURJPY,EURNZD,EURUSD,GBPAUD,GBPCAD,GBPCHF,GBPJPY,GBPNZD,GBPUSD,NZDUSD,NZDJPY,NZDCAD,NZDCHF,USDJPY,USDCAD,USDCHF,CADCHF,CADJPY,CHFJPY; Not one chart setup users need to put on all signal pairs (We have reason to do with signal way) 1:500 Leverage M30 Special features : Obtain the trend of pairs from the database. (Do not rely solely on info from brokers) News filtration Invisible Dynamic Trailing TP All pairings maintain communication to determine the actual trend. To capitalise on a genuine trend and breakthrough via scalping. Auto period detector for controlling a Scalping Special Spread and Slippage Monitor system as well as Hopping Spread protection systems (Upgraded new function) No parameters to configure, and it is straightforward to operate. Next dynamic grid level with order maximums Performance DISCLAIMER: Never forget that past performance is no guarantee for the future. Please run on Demo before going to live. Always start from lower risk and learn how to control a robot.

80% from database analysis, 20% use brokers' data, always do not rely on brokers' data all the time.This is one of the concept to create our database products. Concept of Sup 9 Grid EA: S9G is an innovative, fully automatic forex trading program that incorporates the latest advancements in Machine Learning and dynamic grid strategy. It operates on 28 forex pairs, analyzing trends and broker quotes to make informed decisions about future price movements. To maximize the system's efficiency, users must input the correct settings, which will be continuously updated with the most current information. S9G processes and analyzes extensive historical data using machine learning technology, quickly and efficiently identifying market patterns. Its low-risk approach is achieved through a dynamic grid strategy, ensuring optimal trading opportunities while minimizing potential losses. With over 84 weeks of consistent performance records, S9G has proven itself as a reliable tool in the forex trading market. It also leverages advanced AI models, such as GPT-4, to analyze unstructured data like news, sentiments, and language, further enhancing its predictive capabilities. The system has the ability to execute trades on behalf of the user, automatically making trades based on its analysis and predictions. Instruction: For instructions on how to use S9G and the installation process, please get in touch with us. Our Commitment to S9G Users: We firmly believe in the concept of quality over quantity when it comes to forex trading products. Market saturation due to too many users employing the same strategy can lead to reduced performance and accuracy. To maintain the effectiveness of S9G, we reserve the right to cease selling new licenses at any time. This ensures that the product remains efficient and beneficial for traders, even as the number of users grows. By prioritizing quality over quantity, we guarantee that S9G continues to be a reliable and powerful tool for traders as the market evolves and changes. Why do several brokers obtain different results? It fits the norm. If broker A persuaded more buyers on EURUSD, but broker B has more sellers, broker A would have a higher ask price. Then it will alter the logic that stops all users from opening the same pair independently. The question is whether or not to be a fish. Main features : No Parameter to be set; we do not suggest any .set file, just as we do not judge an EA with backtest result Users only set up adding URLs into Web requests on MT4 and put EA on the chart. Fully dynamic on controlling risk to every different capital user Fully dynamic Takeprofit level, Steps control Suitable for all prefix and suffix symbols Can manage any capital of more than 1K USD Account currency calculated into Auto lot size: JPY; GBP; CAD; AUD; HKD; EUR; SGD The best pair on the main pairs related to USD; GBP; EUR; AUD; CAD; JPY; CHF; NZD AUDCAD,AUDCHF,AUDJPY,AUDNZD,AUDUSD,EURAUD,EURCAD,EURCHF,EURGBP,EURJPY,EURNZD,EURUSD,GBPAUD,GBPCAD,GBPCHF,GBPJPY,GBPNZD,GBPUSD,NZDUSD,NZDJPY,NZDCAD,NZDCHF,USDJPY,USDCAD,USDCHF,CADCHF,CADJPY,CHFJPY; Not one chart setup users need to put on all signal pairs (We have reason to do with signal way) 1:500 Leverage M5 Special features : Obtain the trend of pairs from the database. (Do not rely solely on info from brokers) News filtration Invisible Dynamic Trailing TP All pairings maintain communication to determine the actual trend. To capitalise on a genuine trend and breakthrough via scalping. Auto period detector for controlling a Scalping Special Spread and Slippage Monitor system as well as Hopping Spread protection systems (Upgraded new function) No parameters to configure, straightforward to operate. Next dynamic grid level with order maximums Live Monitoring: What is the best broker to run Sup 9 Grid DISCLAIMER: Never forget that past performance is no guarantee for the future. Please run on Demo before going to live. Always start from lower risk and learn how to control a robot.

Who is it good for: This trading robot is perfect for traders who are skeptical of backtesting results and prefer a dynamic, data-driven approach to trading. It is suitable for both beginners and experienced traders seeking a reliable and adaptable automated trading system. Live Signal Monitor: Weekly make a double (Aggressive) Bi-Weekly make a double (Safer) Structure of InrexEA Database: Clients > InrexEA DB > OpenAI > InrexEA DB analysis > Clients Short Description: Experience the future of trading with the Sup 9 Martingale Trading Robot, a fully automated, 2nd generation system from OpenEA, designed to adapt to the dynamic market by learning from XAUUSD trends and combining the best of Ea YOLO Diamond Hands (retired). Concept of the Product: The Sup 9 Martingale Trading Robot is designed to optimize trading performance and reduce reliance on backtesting. Utilizing machine learning, it continuously analyzes the relationship between USD and Gold Market, ensuring it remains relevant and effective in ever-changing market conditions. What is the best broker in the industry? What kind of tools you should use for your MT4/ MT5 journal? Key Features: Fully automated trading system with machine learning capabilities 2nd generation system from OpenEA, crossover with optimized Ea YOLO Diamond Hands Reduces reliance on backtesting by focusing on dynamic market conditions Unique WebRequest feature for seamless integration (refer to instructions for setup) Continuously learns from XAUUSD trends to enhance performance Ideal for traders who prioritise adaptability and data-driven strategies 1:500 or higher leverage 2000USD to start XAUUSD Additional Information: Dual-algorithm system: The S9M incorporates two complementary algorithms to optimize trading strategies and boost profit returns High-profit target: The robot is engineered to strive to double your returns weekly, thanks to its fast-paced trading pattern Recommended starting capital: To get the most out of the Sup 9 Martingale Trading Robot, it is advised to start with a minimum capital of 2000 USD. Enhanced risk management: The S9M's innovative design not only focuses on profit maximization but also provides robust risk management, giving traders peace of mind Join community :

In Forex trading, I'm often faced with how one can identify a reliable Expert Advisor (EA) product that is genuinely profitable and not a scam. Many novice traders believe that if backtesting trades align closely with those in live trading, this is a solid indicator of a legitimate EA. However, this belief is a misconception fostered by the industry itself, and it's high time we debunked this myth. Consider one of my products, "Draw a Bow." Regardless of the extent or method of backtesting, the results deviate significantly from those in the live trading account. Despite this, it has traded in a real account for the past two years. You might wonder why does this discrepancy occur? Purpose of Backtesting: The foremost reason lies in the core purpose of backtesting. It is merely tool developers use to identify and rectify bugs in the EA, not a crystal ball for predicting the future performance of the EA. Lack of External Factors in Testing Mode: During backtesting, the system operates without several crucial factors influencing live trading. This includes news filters, data mining capabilities, and trend detection mechanisms using external data from Metaquote systems. Broker-specific Quoting Differences: Backtesting results rely on one historical data set, even when using 100% tick data. However, in live trading, the quoting price will differ between brokers, resulting in dissimilar trade outcomes. Inconsistencies Even Under Similar Conditions: I have tested "Draw a Bow" across three different accounts, each running simultaneously with the same server and equivalent capital. Yet, after three months, the results across these accounts varied significantly. In conclusion, judging the efficacy of an EA solely based on backtesting can lead to a dangerous oversimplification. It overlooks crucial variables that contribute to the dynamics of live trading, such as broker differences and external data influences. Consequently, determining whether an EA product is reputable requires more comprehensive assessment methods. Evaluating an EA's effectiveness in the real trading world, its longevity, adaptability to various market conditions, and ability to generate profits consistently are much more reliable metrics. Therefore, traders should develop a more holistic approach to discern between scam products and truly profitable EAs, moving beyond the misleading facade of backtesting results. USEFUL ARTICLES: The most misconception of expert advisor MT4/MT5 Why don't we still believe in back testing?

The Importance of Diversifying Services for a Successful Business In today's fast-paced world, relying on just one service is not enough to sustain and grow your business. For instance, if you are building a website, you might need Canva for designing posters and images, Shopify for setting up your online store, and additional software to create videos and purchase copyrighted music. Similarly, trading is a business that cannot thrive solely on a one-time purchase. To make a project successful, a more holistic approach is necessary. Fortunately, there are solutions available to minimize costs for clients while maximizing the effectiveness of the services they use. One such solution is to analyze all the fees associated with various services and provide the best trend detector to the client's terminal. By consolidating costs and presenting the most efficient option, businesses can not only save money but also gain a competitive edge. In conclusion, relying on multiple services and adapting to ever-changing trends is essential for maintaining a successful business in today's digital age. By being resourceful and choosing the right combination of tools, entrepreneurs can ensure their projects run smoothly and cost-effectively.

What is the best broker in the industry? What kind of tools you should use for your MT4/ MT5 journal? Are you still addicted to 80% of the profit share from PropFirms? Trading with Prop Firms vs. Standard Accounts: A Closer Look at Hidden Costs and Probabilities Forex traders are increasingly drawn to proprietary trading firms like FTMO, MFF, and True Forex Fund due to the allure of high potential profits. However, it's essential to approach these opportunities with caution to avoid becoming overly dependent on prop firms. In this article, we will explore a simple example to illustrate the potential downsides of trading with prop firms compared to standard accounts, considering profit shares, probabilities, and the challenge and verification processes. The Example: Let's imagine a trader executes 8 trades, each generating a take profit level at $10 and a stop loss of $10 on gold. We will compare the outcomes of these trades under two scenarios: Trading with a Prop Firm: Assuming a 200k swing account size and an entry fee of $1,300, the trader receives two chances to lose by 5%. Calculate the result with 1 unit and 4 lots for each trade (maximum 8 lots on gold due to margin level), which effectively halves the entry fee. When the take profit (tp) is hit: 4 lots * $1,000 (profit) * 8 (trades) * 0.8 (payout ratio) = $25,600 (final payout). Trading with a Standard Account (100 USD account): Using a standard account, the same trading scenario would result in a profit of $100 * 200%^8 trades = $25,600. If we use the same initial capital as the entry fee of the prop firm ($1,300/2 = $650), the difference becomes very obvious: $650 * 200%^8 trades = $166,400. Comparing Outcomes: By comparing the potential profits, we can see that the trader would make significantly more profit by trading with a standard account using the same initial capital as the prop firm's entry fee ($166,400 vs. $25,600). However, the overall chance of a payout is significantly lower with the prop firm due to the challenge and verification processes. This means traders need to take on additional risk to pass the two steps required by the prop firm successfully. Losing Potential Profit: Although prop firms claim to provide an 80% profit share, in reality, if you have 8 winning trades, you are losing 84% of the potential profit to these prop firms, as calculated by the difference in profits between a prop firm and a standard account ($166,400 - $25,600) / $166,400 = 0.846 or 84.6%. The Reality of Prop Firms: Proprietary trading firms can be seen as a marketing platform for sellers, course providers, and company traders who seek certification. In this example, a trader pays $1,300 to receive a product worth less than $100. This doesn't even consider the probability of successfully passing the challenge and verification process required to trade with a prop firm. Considering Probabilities: Trading with prop firms adds a layer of complexity and uncertainty due to the challenge and verification processes. These hurdles can reduce the chances of receiving a payout, making it more difficult for traders to achieve consistent profits than trading with a standard account. Conclusion: While prop firms may offer unique opportunities, traders must be aware of the potential downsides, such as reduced profit shares, lower chances of receiving payouts, and a higher loss of potential profit. Traders should carefully weigh their options and make informed decisions based on their circumstances and goals, considering the probabilities and challenges of trading through prop firms.

How can you become a member of our affiliate program? >>>>> If you have a youtube channel or You are using our products and take a review video to us How to start? >>>>> Register here >> Register as an affiliate Who can join? >>>>> Once we have checked your youtube channel or videos taken from existing clients, You will allow accessing the affiliate area . Set a redirect link: You will get your affiliate link, it will automatically attach to the user's browser, no matter when they join our service. You will see your commission in your portal. Your clients will always stay under your affiliate. Even after they stopped for a few months and rejoined. Your coupon code will usually be generated a few hours after registration. You can also set up the link you want the user to see at the beginning after clicking it: Payout: Step 1: In the affiliate portal, fill in your payout information for the first time. Step 2: Send us an Email to submit your payout >> support@inrexea.com Step 3: Your payout will usually be sent in 14 working days. To be reminded that here are some rules : >>>>> If an affiliate buys through a referral link/coupon of other affiliates, they will not be given a commission for that sale. >>>>> Minimum affiliate earnings are 100USD for each payout. >>>>> We have the final decision on the approval payout.

It was a vast Bingo from yesterday's analysis, and I hope all of you made some money from it. The market ranges from 1900 and 1960 area. What is going on next for the first NPFR in 2023? Let's give some ideas now. Strategy A: sell limit Wait for a retrace at 1924-1927 area to sell, target lower than 1900, stoploss at 1933 with the breakeven setting, because it might have a strong trend reverse back to down in the daily chart. We must catch this big chance from the gold history. If the stoploss hits, do not try to sell again and stop trading. Keep profit from the week and enjoy your wonderful weekend. Ciao To be reminded, please share your affiliate link to get commissions. Result : Massive dropped and see you 1900.

Last Friday, I made an accurate judgment of the downward trend. From the analysis of 1951, we can see that this website continues to judge the decline. No buy orders can be made. This article will analyze how the big market in the coming week will need to be laid out and how we will interpret this wave of the market. We will need to be careful not to start a long strategy quickly, as the price of gold will likely continue to test levels around 1800. I will continue to build short positions before the trend reverses again. Overall Resistance (Must Watch) 1895-1904 We want to sell if the price hits this area. Support 1820-1823 And we will further analyze whether there will be any sign or change of momentum around 1820. For today, I suggest giving a break and observing; usually, after a massive impact from FOMC/NFPR, it will provide a range and a little retracement. No need to decide at the moment.

The FOMC was a massive impact on the market. I waited for almost 8 hours and finally traded with a small lot and stoploss hit with a 4 USD distance. It's a good stoploss at 1942. Let's see the is going on today. The resistance level in 1960, and the support level in 1951. I want to give a breakout strategy for today. Strategy A: buy stop If the price breaks in 1960 again, buy and aim for 1972. Stoploss at 1951. RRR 1:2. And must give a breakeven if the price surges a bit. Stragegy B: sell stop If the price breaks in 1950, sell and aim for 1930 something. Stoploss at 1961. RRR 1:2. And must give a breakeven if the price drops a bit. ------------------ BINGO !!!! Strategy B :)

What do you think? Gold has been fluctuating for 7 consecutive times in 1920 and has received support, but I believe it cannot continue. If there is a breakthrough, today would be a better opportunity and I believe there will be a clearly downward breakthrough. Strategy A: sell limit. Enter the short position in the middle area resistance 1932-1933, target 1900, stop loss 1938. Strategy B: sell stop. A more conservative strategy, confirm the downward breakthrough 1921 before opening a short position, target 1900, stop loss 1925. >>>>>> Today I am not going to trade live due to personal affair. Please take care of risk if I am incorrect. We had a happy trading in the group on Friday.