How to Choose a Forex Robot

How to Choose a Forex Robot

There are many different programs like this on the market today, all offered by a range of different companies that all believe that their one is the best. Here are some tips on how to choose the best one – not by the credentials that they have to have, as many offer the same things such as innovative features to make the most of Forex charts, but by how they work out comparatively.

It is absolutely essential to compare your Forex robots, simply for the fact that many of them boast the same features, or simply have features that are too complex to fully comprehend. The best way to determine the best one is to see if there really is any proof in the pudding by looking at their results.

Firstly, check online to see if there are any independent tests of automated robots from the thousands of providers and platforms that exist today. For many there is this impartial data which will give a great deal of insight into whether one program is better than the other.

There are many independent advisors that offer this analysis of different sites so that you can compare them, so look about the internet and see what is out there. Once you have a chart that shows the performance of each robot, you are far more likely to make a better decision on which one is best in order to dominate the Forex charts.

You will need to have a look at several different factors, including how much profit is made over a specific time period, what the expected profit per transaction is, the draw down, and the risk to reward ratio. Analyses of these elements to determine whether a particular robot is better for you or not.

The next thing to do is look to see if there are any real customer reviews about the robots and whether or not they have had a good experience using them. After all, data is very telling, but customer experience is also very telling too. You can often find these independent reviews online if you search widely.

One thing that you should be aware of is that some reviews may not be genuine, or articles reviewing certain forex robots may not be completely genuine – they may be sponsored for example. For this reason, look for entirely independent websites in order to get real and valuable feedback on the product before you buy.

Finally, the way to determine whether something is right for you is to try it out of yourself, often with a free or low cost micro trading account. Carry out testing of the robot before you start using it to trade real money, and then step up the game by testing it with small amounts of money.

This personal testing on a free or low cost trial will allow you to determine if it suits you. You can often test several robots at once, as trying several will give you a more informed idea about what is suitable for you in particular.

These are just a few tips to help you find a good Forex robot. This does not have to be difficult – all you have to do is carry out extensive research before hand, including checking for independent reviews and data analysis. After, test the program for yourself to see if you too can master the Forex charts with the help of this technology.

Digital Finance

Digital Finance

Digital finance is a robust medium to broaden the access outside the financial services to other sectors, which includes agronomy, infrastructure, services, energy among others. People without a bank account are accessing the financial services via the digital medium. Several stakeholders are utilizing the cell phones along with a gamut of agents to provide simple financial services at better suitability and reduced cost against conventional banking. It is also known as “Branchless Banking”.

Traditionally, the huge expenditure involved in constructing and managing conventional banks has been a key stumbling block for connecting with the low income groups. A banking infrastructure is not easy to manage in remote areas, while it would be expensive for customers in the rural areas to commute to the urban centres.

Digital finance assists in negating the obstacles. Agents having cell phones are the most optimal medium for handling less value transactions for low income groups, cost effectively. Cash flow into innovative digital finance firms keeps increasing for consolidating assigned digital banking, mobile solutions and delivery platforms among others.

The impact of digital finance on the global economy is expanding at an accelerated pace. It is transforming the way financial transactions are done. The benefits of the digital finance are many, including cost decrease, development of essentially digital financial products and services, including advanced ones. Certain digital finance products are delivered on modified global digital platforms.

The technological advancements provide new prospects for FinTech start-ups. It also assists various stakeholders including governments and firms to steer development. There is a need for a highly effective global regulatory infrastructure to manage digital finance.

The Establishment of a Facilitating Scenario for Digital Finance Needs Certain Critical Policy and Regulatory Queries to Be Resolved Such as:

Corresponding the keenness for innovation with assurance about the legal framework.
Regulating and protecting the provision of modified digital finance tools such as e-money.
Comprehending AML’s concerns pertaining to digital finance and mobile-empowered international remittances.
Monitoring digital financial services.
Regulating a wide array of third-party agents.

The provision of financial services via highly innovative technology, which includes mobile money, could be a driving force for the utilization of a gamut of financial services – credit, insurance, savings among others.

According to Jin-Yong Cai, International Finance Corporation Executive Vice President and CEO, “The benefits of digital finance extend well beyond conventional financial services: This can also be a powerful tool and an engine for job creation in developing countries.”

As per Thomas Duveau, the Head of Mobisol Solar Home Systems, “The buzzword ‘digital finance’ is already an everyday reality for our Tanzanian, Kenyan, and Rwandan customers who are using Mobisol Solar Home Systems. Paying for solar power in small instalments through mobile money is not a ‘fancy option’: It’s already the norm for commercial transactions by those at the bottom of the economic pyramid.”

Digital finance is also critical for the retail business. It ensures the small businessmen have the access to funding, along with the electronic payment systems, robust financial products and the opportunity to construct a financial track record.

According to Walt Macnee, President of the MasterCard Center for Inclusive Growth, “Innovations in electronic payment technology like mobile and prepaid enable people to live more secure, empowered and included lives and that digital money will be the only way to achieve universal access to finance by year 2020.”

Digital Finance is a priority for banks in the recent past. The innovations like mobile deposits have radically changed the reach of banking. Currently, customers are finishing most of the transactions online using a mobile or tablet device. Customers are very conscious about the latest technology.

The penetration of the digital finance is expected across various segments, including the medium scale business and corporate banking. There are obstacles like security, greater intricacy with regard to the kind of services required for distinct businesses.

Some of The Challenges That Could Be a Stumbling Block for Digital Finance:

Availability of Liquidity with Agents

Agents operating in rural environments usually have problems in honouring their commitments, resulting in displeased customers and falling confidence in the service.


Transferring money through the mobile is usually not interoperable amongst providers. This prevents the flow of money which could have been used to cater to more customers.


The increase in agents has led to various malpractices along with service delays in certain markets.

The Key Developments in the Digital Finance:

The availability of instruments to expedite the account creation process.
The utilization of biometrics (finger and voice) to facilitate customer verification.
The use of field oriented management instruments to monitor field personnel.
The appearance of third-party agent aggregators.
The development of applications that assist financial firms with mobile money amalgamation.
The creation of top notch technology that ensures digital payments in retail stores.
The use of other data options for arriving at credit conclusions.
The leverage of business intelligence.
The availability of micro credit through the mobile.
The expansion of financial products provided by non-mobile cash benefactors.
The advancements in financial competencies.
The overall buying and selling in agribusiness using the mobile apps.

Digital financial services are evolving across global markets. Certain nations with the available infrastructure are providing a wide array of products and services. The differences between nations are directed by many aspects, which includes the use of cell phones, the growth of financial infrastructure, the regulatory framework among others.

The part of innovation is critical, since it would ignite enhancement in the fast transforming mobile money environment. Any increase in process efficiency would reduce the cost and decrease obstacles.

The digital finance environment is changing continuously and would be radically different in the long term. In an increasingly integrated international economy, innovations from various markets could be implemented and customized to suit local requirements. It would help consumers from various income strata. The digital finance journey has been excellent, but it is just the beginning.

The Forgotten Two-Dollar Bill

The Forgotten Two-Dollar Bill

When you look inside your wallet you might find a $1, $5, $10, $20, even a $50 or a $100 bill, but you almost never see a $2 bill with a picture of Thomas Jefferson on the front. The $2 bill has had an unfortunate history in the U.S. economy, but it is perfectly legal tender.

In 1862, the first nationalized paper bills were printed by the federal government. The only bills to be printed were the $1 and $2. Nationalized coins had already been in circulation for at least the past sixty years. So, the federal government was not sure how the public would react to using paper money for the first time.

Before the turn of the 20th century, the average worker earned $15 a month. Inflation slowly brought the value of paper money down, but then the Great Depression plunged the economy into chaos. Most items cost a lot and most people didn’t have a lot of money. Paper money was rarely used. So, owning $2 bills was considered a luxury only the wealthy could afford. It even became known as a “shady” bill used for dark exchanges such as: gambling, prostitution, and “under the table” dealings.

After the economy recovered, $2 bills were rarely printed, because the federal government started printing many new $5, $10, and $20 bills into circulation between 1928 and 1950. So, the lonesome $2 bill got lost in the shuffle.

By 1966, the federal government didn’t know what to do with the bill, so it stopped printing them completely. However, they came back into circulation in 1976. Yet the average consumer started stashing them away like collectors’ items. A few years ago, I remember receiving a crisp new $2 bill placed in a special leather case from my uncle at Christmas. He gave the entire family the same present. Everyone was so impressed, we wondered how much he paid for it. “Two $1 dollar bills,” he said.

One common misconception is that the $2 bill is no longer in circulation. However, that is not the case since the official Bureau of Engraving lists the $2 bill as one of the U.S. Currency Small Denominations. Today, millions of these bills are being printed back into circulation. Yet, people still stop when they are handed a $2 bill in change; they think they either were given a collector’s item, worth more money, or they may be some new novelty item the government started printing.

Although the $2 bills are scarce, it’s perfectly legal to use when purchasing something. But if you are stopped because the cashier thinks the bill is phony, you are now equipped to talk about its history.

What Are Forex Signals And Who’s The Best?

What Are Forex Signals And Who’s The Best?

Forex signals are basically info or indicators that reduce the risks associated with trading. The signals basically let you know when the market pricing fluctuates and this way you get to figure out when it’s the best time to sell or purchase in order to make a good profit! One thing to note about Forex signals is that they are subscription based most of the time, however you can also find free products that do this as well.

The ability to alert a trader when it’s the best time to trade is definitely what sets this type of product apart from anything else in the business. On top of that, these services are becoming very popular mostly because they just require the trader to state the risk tolerance and once that is done the process will be automatized from there. You won’t have to monitor the trading process, you just need to invest in a proper Forex signals service and you will receive notifications based on that.

Forex signals especially from a good company are suitable not only for beginners in the Forex world, they also offer quite a lot of value for experienced traders, as they can help save time all while delivering the tools necessary to create powerful and complex trading strategies.


The signals have quite a lot of benefits, and here are the most important ones:

Investors can view detailed statistics and transaction history
These signal services offer automatic trading
They are suitable for beginners and help them learn the ins and outs of trading
They are accurate and easy to use
Forex signals reduce the market risks by offering traders instant updates about any specific fluctuations on the market
You are free to unsubscribe at any given time

How do the Forex signals work?

The process is simple, traders, analysts and professionals will offer you the trading signal service. They will study the market data,perform technical and fundamental analysis in order to offer an accurate and very professional analysis of the market situation. Once that is done, the signals are shared with the traders!

Getting Forex signals based services is easy, you can subscribe to proven accurate providers without a problem and achieve those results that you always wanted without a problem. This is the best software if you want to obtain accurate, precise and very professional signals on the market,however you will have to customize the desired notification system as that’s how you can get the best precision and results. Don’t hesitate to use Forex signals, they are very useful especially if you are a beginner, so just check them out and you will not regret it!

Introduction to MetaTrader 4 Free Trading Platform

Introduction to MetaTrader 4 Free Trading Platform

The MetaTrader 4 software, often referred to as MT4, has plenty of options and novice users find themselves overwhelmed with the settings. If you’ve never traded with MetaTrader 4, it’s basically a trading platform that opens up a window into the world of foreign exchange. While it’s true that it takes some time to figure everything out, there are really only a few settings that you will need to know to trade.

One of the most useful features is the ability to add indicators, expert advisors and templates to your trading window in MetaTrader 4. This is extremely valuable because there are thousands of MT4 users, as well as trading professionals and companies who share their configurations for free or a for a small payment.

Trading indicators help the user recognise price patterns and aid in live trading. There are thousands of different indicators out there. Indicators can produce buy and sell signals visible on the charts. Within MT4 there are many built-in indicators but users can also install custom indicators. These are very popular among traders as they often show much more information than the standard built-in ones. Indicators can also become parts of an Expert Advisor.

Expert Advisors are built to automate trading. So if you have an indicator that shows buy and sell signals, an expert advisor would execute the trades on the signals. In addition, Expert Advisors have rules that define each trading position according to specific trading strategy and money management.

Expert Advisors are usually paid by subscription but there are also free ones available on trading forums. Using EAs is completely automated so trades are executed without user input. The risks of such automated system are obvious so most traders prefer to rely on trading indicators and live analysis based on their market knowledge.

In addition to Indicators and Expert Advisors there are custom templates that can be added to MetaTrader 4. Templates allow to configure the look and feel of your trading window. MT4 users often share templates with their settings.

Now that you are considering using MetaTrader 4 and giving trading a go it’s important to understand that all indicators are just that, indicators. There is no magical indicator that will make you rich. Markets are too unpredictable and too organic for anyone to predict the trends correctly all the time. However there are indicators that can help with that.

There is a saying ‘The trend is your friend’ which is often used in trading classrooms. If you can just follow the trends you can make it as a successful trader. However it’s a lot easier said than done. Trends change and consolidate, their nature often seems very erratic. Indicators such as Moving Averages and Bollinger Bands help to see what’s going on and recognise certain market sentiments, whether it is bullish, going up or bearish, going down.

The type of moving averages to use largely depend on your trading strategy and the topic of moving averages in trading goes beyond the scope of this article. However these are the simplest indicators one can use to trade binary options or Forex using the MetaTrader 4 software.