In this post I will be reviewing Forex Robotron. This forex robot is one of the few that I have seen stand the test of time. It has been improved greatly over the years and continues to receive very positive feedback as you can see from the user testimonials on the Robotron website. Robotron is one of the best forex robots that I have personally used and reviewed. It also has excellent customer support with a loyal user base. The Forex Robotron website shows myfxbook verified performance over a long period of time. Robotron is also one of the only …READ MORE
Hello Everyone and welcome to my forex review site. I am Rich, also known as The Forex Geek. Why? Because I am a self-confessed full time over analyser of everything forex. If you are looking for forex reviews then you have come to the right place!
I provide reviews of everything forex related including forex robots, forex brokers, forex trading systems, forex trading courses, forex trading tools and forex signals. I have also written some handy forex trading guides.
You can download my free forex robot that I have personally coded from this site. It includes over 40 technical indicators and 11 candlestick patterns that can be switched on/off. You can also see my best forex robots and best forex brokers.
I have been studying forex for so long now that I can happily share with you my extensive knowledge and honest forex reviews based on my own opinion and findings, you can then make your own decisions after browsing my dedicated forex review website.
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Founded in 1974, IG is one of the biggest online brokers in the world and has won multiple awards over the years. They offer over 16,000 tradable products across multiple asset classes, such as forex, indices, stocks, commodities, cryptocurrency, bonds, metals, energies, and interest rate futures. The broker provides a nice selection of intuitive trading platforms, trading tools, and educational resources and offers competitive trading fees, good execution speed, and negative balance protection. The IG Group is strictly regulated in multiple jurisdictions, and it’s listed on the London Stock Exchange (LSE). IG Review Introduction In this IG review, we will …READ MORE
The price gap is a region on a chart where no trading activity takes place. These gaps can be identified when using bar or candlestick charts. Gaps will usually open above or below the price it closed at. Trying to take advantage of this difference between prices is know as trading the gap. What are the Gaps? Price gaps appear because of various fundamental or technical factors. For example, if a company’s profits are skyrocketing, the company’s stock may produce trading gaps the next day. In other words, the stock price opened higher than the closing price, thereby producing a …READ MORE
The Reversal patterns suggest that the ongoing trend is about to change its course. These patterns can appear in an uptrend and downtrend. What are the Reversal patterns? The Reversal patterns describe the change in trend by moving against the current direction. The trend pauses for a while and then heads in the opposite direction. These patterns identify that either bulls or bears are losing the battle. For example, in an uptrend, the bulls are in control, but after the appearance of Reversal patterns, bulls lose the battle to the bears, and the market goes downward. The Reversal patterns are …READ MORE
Renko charts are a type of technical analysis that depends on price movements. Unlike the candlestick charts or bar charts, Renko charts are time-independent. The Renko charts were developed in Japan, and the word Renko comes from the Japanese word for bricks, “renga.” This is because the structure of the Renko charts looks like a series of bricks. What are the Renko charts? The Renko charts compromise a series of bricks; each brick moves with the price movement at an angle of 45 degrees. The movement of bricks can be up and down depending on the direction of the price. …READ MORE
The Rate of Change Indicator is a momentum indicator that describes the percentage price change between the current price and the previous price. The ROC is also known as the PROC (price rate of change indicator). What is the Rate of Change indicator? Just like other momentum indicators; the ROC forecasts change in price based on calculations. The percentage is obtained by plotting the ROC against zero. When the price moves above zero, the ROC indicates an uptrend, while it signifies a downtrend when the price moves into negative territory. The formula for calculating the ROC is: ROC = closing …READ MORE
The Point and Figure chart presents price movements that are independent of time. P&F charts plot X’s and O’s that form columns for price fluctuations. Originally, P&F charts were built for stock trading, but now they are used in every financial market, including forex trading. What are the Point and Figure charts? The Point and Figure charts, like its competitor’s line chart or the candlestick chart, illustrate the same amount of data, the difference its structure compromises of X’s and O’s rather than lines candlesticks. The P&F display data on the basis of X’s and O’s. The X represents a …READ MORE
OHLC, a.k.a. Open, High, Low, Close is a type of technical analysis that pinpoints price movements over a certain period. These charts may be considered highly effective by some traders, as they provide four important data points. What are the OHLC charts? OHLC charts compose of several lines that represent the opening, closing, high and low price of an asset. The vertical lines on the chart display highs and lows, while the horizontal left lines are opening prices, and lines to the right are closing prices. Overall, the structure is called the price bar. The height of the vertical lines …READ MORE
Mirror trading is a trading methodology used primarily in forex markets. It involves copying the trading activity of other forex traders and implementing the same trades. Initially, Mirror trading was only available to institutional clients, but now it is available for retail investors through several brokerage platforms. Since its inception in the 2000s, Mirror trading has paved ways for similar techniques, such as copy trading and social trading. What is Mirror trading? Mirror trading’s automated nature can help prevent traders from making emotion-based decisions. Mirror traders in the forex markets involve usage of brokers trading platforms (such as MetaTrader 4 …READ MORE
The Marubuzo is a one-candle pattern and indicates the direction of a trend. The word “Marubozu” means “baldhead in Japanese. The candlestick pattern gets its name because it has no wicks. What is the Marubozu candlestick pattern? The presence of the Marubozu describes that the price opens high and closes at the low. The pattern comprises a long signal candle with no extensions and can appear anywhere on the chart. This is what the pattern looks like: The Marubozu can be identified easily on the chart; however, when finding it, traders should look for the following criteria: Marubozu is twice …READ MORE
The London Breakout strategy is a day trading technique that takes advantage of the trading range before the opening of the London session. As London is in a different time zone, the market opens several hours before NYSE. This provides traders with a unique opportunity to enter into new positions. What is the London Breakout trading strategy? The forex markets are based on three main trading time zones; the Tokyo session, the London session, and the New York session. The first hour of trading has a lot of activity. The trading volumes also increase significantly due to the overlapping of …READ MORE