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Sjoerd Jan ter Welle

A pilot who doesn't have any fear probably isn't flying his plane to its maximum. - Jon McBride, astronaut

29/11/2017

Trading without Installing Software

If you want to trade forex but do not want to install trading software, buy indicators and subscribe to paid financial news services, you can get along with the following setup.

Web-trader Portals

Many brokers offer a web-based trading platform such as a hosted Metatrader 4 or 5 solution that you can use. All you have to do is go to the hosted trading solution website, login and place your trades. If, for example, you are using Pepperstone in the UK, they offer a link to their WebTrader platform right on their homepage. You can add some standard indicators to the charts and they will show up again if you login the next time for as long as your login settings were somehow saved. If you delete your cookies and browser history and have to login from scratch, you will have to add the indicators again.

Web-based Currency Strength Meter

One of the indicators I use a lot is a currency strength indicator or also called currency strength meter. Such an indicator cannot be found in the WebTrader hosted solutions offered by brokers such as Pepperstone and you cannot add custom indicators to their hosted WebTrader solution. So, I found this website with a currency strength meter instead, that can be used to get a good indication of potential strong/weak currency pair combinations to investigate further. In the below example, the USD is weak and the AUD appears strong, which would then be a potential currency pair to investigate further in the WebTrader solution offered online by the broker.


Web-based Currency Strength Meter.

Related posts:

  1. Why use a Currency Strength Meter or Indicator?
  2. The VPOC indicator
  3. What else besides Metatrader 4
  4. My Personal Trading Rules

Filed Under: Forex trading, Metatrader 4, Trading education Tagged With: Currency Strength Meter, WebTrader

Leonardo da Vinci

“Once you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have been, and there you will always long to return.”

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Expected Return from Forex Trading?

29/09/2014 By sjjan

What is the financial return you can expect from trading forex? It all depends on you and to be honest: I don’t know how well you will do. If you are serious about trading foreign exchange, and you focus on … Continue reading →

Forex Hedging: How to Protect Yourself from Foreign-Currency Risks

04/01/2016 By sjjan

When you do business with companies abroad and get paid in foreign currencies, you might wander if you can protect the business trade against a drop in exchange rate. Lets take an example where you do business with a South … Continue reading →

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