Metatrader 4

Avoid Trading On News

By az_whye December 25, 2023Product Update

What moves the Forex price? For stocks, it is probably a lot more obvious. The company is getting good growth, they launch new products that might get more market share, and the growth of their earnings per share might impact the stock price positively. How about forex? It’s a currency between two countries or multiple countries ( eg. EURUSD is Europe vs United States). The reason to move the price could be a new policy from a government of the currency, some VIP mentioning something in a public speech, political and subtle changes in the region or nearby countries, or an announcement of a recent economic indicator.

EURUSD Market Update 10 Dec 2023

By az_whye December 10, 2023Market Update

Last week, NFP surprised the market by having higher-than-forecast results. NFP turned out to be 199K instead of the forecast of 180K. The US unemployment rate also reduced to 3.7%, better than the consensus of 3.9%. These number has proved that the US job market is still hot.

This week, we will have the most eventful week in December.

EURUSD and AUDCAD Market Update 2 Dec 2023

By az_whye December 2, 2023Market Update

Last week, EURUSD was volatile and it broke 1.10 and then it dropped back to 1.08. This week we have a few important news announcements for EURUSD and AUDCAD.

EURUSD Market Update 12 Nov 2023

By az_whye November 12, 2023Market Update

Last week, Australia’s RBA became the first developed country to raise interest rates after a short period of pause for interest rate hikes. This we have US CPI and PPI announcements. On the European side, they also have their CPI announcement this week.

AUDCAD Market Update 5 Nov 2023

By az_whye November 5, 2023Market Update

Last week, FOMC decided to keep their interest as it is. The comments from US Fed Chairman Powell were quite dovish, which resulted big bounce from EURUSD and break 1.07 level. This week, we have Australia’s RBA Interest rate decision.

EURUSD Market Update 28 Oct 2023

By az_whye October 28, 2023Market Update

After the ECB interest rate decision, this week we will have the FOMC Interest Rate Decision and Nonfarm Payrolls.

EURUSD and AUDCAD Market Update 22 Oct 2023

By az_whye October 22, 2023Market Update

This week, we have 2 important economic announcements that we need to take note of for EURUSD and one for AUDCAD.

EURUSD Market Update 7 Oct 2023

By az_whye October 7, 2023Market Update

Last week was a very volatile week. EURUSD dropped from 1.059 to 1.044 and then back to 1.059 on Friday. Nonfarm payrolls for September give a very big surprise to the market. We have to be more cautious in this coming Monday and the CPI announcement for this week.

An easier way to profit from Automated Forex Trading

By az_whye August 9, 2023Trading Knowledge

We have launched our Apprentice program for a few years and this program has helped many newbies to get a new passive income from the forex market by using our proven profitable EA – Ophiuchus EA. The setup is not hard and mostly takes around 30 minutes and then you will need to monitor the trading. During these years, we have collected feedback from all our clients. The main challenge is the monitoring part. Some clients have no interest or no time to monitor the market and don’t really know when whether they should control the direction of the trade or should let the EA control it. They found it challenging to manage the risky moment.

Hence, we created this new service where you can directly copy our trade using social traders’ tools.

Step by Step to Copy Trading

By az_whye August 6, 2023Trading Knowledge

To copy our Signal via Social Trader Tools, there are a few things you need to prepare.

A Metatrader 4 (MT4) or Metatrader 5(MT5) account. If you do not have an account, you can follow the Forex Account registration step here.
Register a Social Trader Tools account as below.
Host your MT4/MT5 account in Social Trader Tools. To be a trade copier, your MT4/MT5 account must be hosted in Social Trader Tools. Lastly, copy our Ophiuchus MultiCurrency Signal. The steps are as below too.