Identifying a forex trend is hard, we know. TradeProofer has previously sought to only provide trade execution analysis rather than trade ideas, however the demand we’ve had to add tools to traders arsenals has been overwhelming! Over the coming weeks and months TradeProofer will be publishing a series of unique expert advisors and indicators! WE …
Currently TradeProofer’s best execution broker is Fusion Markets on their Zero account. Fusion Markets is an ASIC regulated forex broker that offers multi-asset trading across 170+ different products. TradeProofer data shows that Fusion Markets has executed an outstanding 95% of trades inline with their spreads. This means that only 5% of trades executed had slippage …
TradeProofer’s community sentiment for AUDUSD has turned bullish today, however the kiwi counterpart remains bearish. AUDUSD sentiment is 63% bullish, whereas NZDUSD sentiment holds 76% bearish! On the AUDUSD 1h Chart I currently hold a buy position with a tight stop. Price has broken the descending trendline, and the RSI is attempting to point higher. …
Slippage is the when a trade is opened at a price that is different from the requested price. This can occur due to lack of liquidity in the markets, or because of high volatility. Slippage can negatively impact your trading P/L, so it is important to be aware of when it happens. TradeProofer’s proprietary software …