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Forex Steam Review V10 Breakdown

Forex Steam is a popular Forex EA designed to cater the needs of present-day Forex traders. Equipped with a myriad of amazing benefits and 100% automated trading solutions, Forex Steam won the hearts of millions of traders around the world.

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Forex Steam is a popular Forex EA designed to cater the needs of present-day Forex traders. Equipped with a myriad of amazing benefits and 100% automated trading solutions, Forex Steam won the hearts of millions of traders around the world.

Forex Steam has been around for more than 25 years, providing unparalleled solutions to the trading community.

We’ve put together this Forex Steam review to highlight some of the amazing benefits of this software. Also, we’ll have a quick look at the latest V10 update of the software and the advantages that come with this update. But, before diving into the details, why not first have a quick look at the basics of the Forex Steam EA.

What is the Forex Steam Robot?

Forex Steam has been designed and run by the team of Canadian developers whose mission is to provide value-driven and consistent support to the traders. What sets Forex Steam apart from others is the commitment of the developers who have left no stone unturned to improve the trading approach of both novice and experienced traders. They offer updates from time to time so that their trading approach can get aligned with the fluctuating market conditions and remain on the top.

There are thousands of active Forex Steam users and hundreds of positive reviews listed on the Forex Steam website. Affordability is yet another prominent reason why many traders prefer Forex Steam over other expensive and less-effective Forex EAs. In order to purchase the product, the traders are needed to pay the one-time license fee of $117.99 which includes instant download/installation, access to all 4 versions of the product, free updates for life, and 4 licenses.

How to Use Forex Steam Properly?

It doesn’t require any extensive computer or trading knowledge to get started with Forex Steam. In fact, anyone with basic computer skills can start using Forex Steam without any difficulty. You can install Forex Steam free of cost once you pay the one-time license fee. Also, you get access to all the 4 licenses that you can use on both demo and live accounts. We would suggest you to use demo accounts first for at least 3 months and go live once you see growth and positive results.

While there is no requirement that you modify settings when you start using Forex Steam (which again is an added perk as beginners can instantly start using the product without making adjustments), there’s always an option to customize settings if you have a unique trading strategy or you want to experiment with your trading approach.

As far as the features are concerned, Forex Steam offers some amazing benefits to the traders. Some of them include:

PIP Retrace

Forex Steam boasts an effective Retrace technology which is a proven way to secure wins. This feature has been a part of the software for 10 years and been updated multiple times by the developers to remain in line with the changing market conditions. Forex Steam’s PIP retrace technology is perfect for the traders who want to achieve great results in the shortest possible time and limited investment.

Advanced Holiday Filter

Avoid holidays that create ambiguous and uncertain market moves using the Advanced Holiday Filter offered by Forex Steam. Forex Steam features a list of holidays that traders must avoid. Also, you can include your own holiday file containing days you don’t want to trade on.

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Trading Accounts & Results

Being a trader, it’s your utmost right to know about the previous performance of your chosen EA. Forex Steam’s 10-years real-life trading record is accessible to examine, meaning you can see how well this software has worked with other trader’s strategies. Apart from that, you can also assess myfxbook accounts to track the real performance of the software. The website includes a number of reviews and testimonials and you can also check out other independent websites to see what other traders have to say about the product.

V10 features

The much-awaited Forex Steam V10 update is now accessible and current users can easily download it using the official member’s area.

MT4/MT5 Compatibility

Forex Steam is not compatible with both MT4 and MT5 platforms.

Maxspread Insertion

Another great addition to the software is the inclusion of Maxspread. As the Forex market continuously fluctuates, the spread also varies with the changing conditions and many times it becomes too high. The software inhibits transaction placement during those specific hours. This way it will become easier for the traders to avoid unfavorable and uncertain market conditions. Traders however may have to carefully monitor their account throughout the day to examine the average spread.

Market Updates

Continuous market updates is another significant feature which will enable traders to keep pace with the fluctuating Forex market conditions. According to the Forex Steam team, they sit together and based on the current market trends, forecast pairs that work in collaboration with the pre-built Steam strategy to provide better trading results.

Removal of the News Filter

The News filter is no longer accessible in the current V10 updates as according to the website it was apparently disturbing the overall process.

Conclusion

Forex Steam can seamlessly work with hundreds of different trading strategies. One of the most effective ones is a time-restricted scalping technique which has proven to be extremely profitable using different currency pairs and customized TP/SL settings. Traders can change/modify settings at any time to make them compatible with their unique trading style.

Because of Steam’s proven and customizable settings, it has gained immense popularity and fame among beginners as well as seasoned traders. The V10 update is particularly beneficial for the traders who want to optimize their trading results while sticking to the limited investment and low-risk environment. Experienced traders can easily adjust Take-Profit, currency pair and hedging settings to keep them in line with their current trading strategy.

Last but not least, Forex Steam boasts an automated strategy that comes with a systematized evaluation system which immediately starts working as soon as you input required credentials to the software.

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Broker Reviews

Celox Live Review – Demo Account – top 100 Broker ?

Introduction to Celox Live Review 

Let us start from the beginning. People should keep in mind that Celox Live offers a wide array of tools to invest in the capital markets. It is possible to create a portfolio with cryptocurrencies, stocks, commodities, ETFs, and more.

it is a new brokerage that has just opened its door. that said, Celox Live has the ability to offer exemplary services and products.

To get more details proceed with Celox Live review. In next sections we will provide a detailed professional analysis of the broker and its offerings.

Broker Name: Celox Live
Broker Type: CFD broker
Operating since year: 2020
Regulation: Only KYC/AML
Broker status: Independent STP Broker
Customer Service
Phone: +44 2035141442
Email: [email protected]
Languages: English, German , Russian
Availability: phone, email, Social Media
Trading
Trading platforms:  Desktop, Mobile and Webtrader
The Trading platform Time zone:
Demo account: Yes
Mobile trading: yes
Web-based trading: yes
Bonuses: yes
Other trading instruments: Forex, CFD, crypto, commodities, indices, stocks
Account
Minimum deposit ($): $250
Maximal leverage: 1:300

 

Celox Trading Products and Interesting Details

Celox Live offers interesting trading products. Let’s start with commodities. It is worth mentioning that commodities trading has been an essential part of human history. In the modern world, commodities are mainly traded in two forms: cash settlement and forward settlement. As a reminder, when it comes to a cash settlement, the clearance date is in the near future, whereas, in a forward settlement, the clearance date is way further in the future and prices usually have wider spreads.

Interestingly, it is possible to trade different types of commodities. For example, oil and natural gas. Moreover, precious metals such as gold and silver.

It is worth mentioning that the most popular way to trade commodities is through futures contracts where there is an agreement to buy or sell a particular amount of the underlying commodity for a particular price at a later date. As a reminder, futures exchanges standardize the minimum quality and quantity of a commodity to be traded.

Interestingly, there are two types of traders in the commodity futures market: buyers and producers, as well as speculators. Importantly, buyers and producers use the futures market as a way of hedging against changes in prices. Moreover, this group of traders actually make or take delivery of the tangible commodity when the futures contract expires.

Notably, the other group, speculators seek to benefit from the price changes of futures contacts. Furthermore, they will close their contracts before the due date and will never make or take deliveries.

Celox Live: cryptocurrencies

Let’s have a look at cryptocurrencies as well. It is no secret that cryptocurrencies gained popularity all over the world. Importantly, cryptocurrencies are a new and exciting asset class. People should take into account that a cryptocurrency is acryptocurrencies that exists purely in computer mode and is decentralized. Cryptocurrencies use cryptography to regulate as well as create additional units.

The most famous and largest cryptocurrency is Bitcoin. Nevertheless, there are more than 2,000 crypto coins and tokens available online.

Interestingly, thanks to Celox Live, users can speculate on the price movements of various cryptocurrencies. Moreover, they can control a bigger trade position on their favorite cryptocurrency, with less capital outlay, by utilizing margin. Furthermore, it is possible to trade from any place at any time thanks to Celox Live Mobile App.

Moreover, the firm’s robust trading platforms feature multiple order types, advanced charting tools, market analytics, and comprehensive market research. Also, the customer support team is highly responsive and available round the clock 24/6.

It is possible to trade the largest cryptocurrencies . Hopefully, Celox Live is using top security technologies, and this fact underlines the importance of such systems.

Interestingly, the foreign exchange market is the largest market in the world, with a daily turnover of more than $6 trillion. Notably, forex has no physical or centralized location, and it is open 24 hours a day.

People should keep in mind that, forex trading is essentially the simultaneous buying of one currency and selling of another, on this massive decentralized global market. It is possible to speculate on the prices of more than 300 major, minor, and exotic currency pairs, on the firm’s intuitive and powerful platforms.

Trading Indices and Stocks with Celox

It is worth noting that an index is a weighted statistical average and measures the performance of a selected group of stocks. For example, analysts, economists, as well as investors use indices to assess the overall economic performance of a particular industry, exchange, market sector, or even country.

Importantly, the most common and well-known indices include the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and the FTSE 100. Notably, the S&P 500 is an index of the 500 largest publicly traded companies in the U.S.

It is possible to trade major indices with Celox, such as the UK 100, US 30, Euro 50, and Germany 30. Moreover, some of the indices are also available for trading outside normal trading hours. It means people have the opportunity to speculate on their prices even if the markets are closed.

For instance, trading out of normal trading hours has the following benefits: increased flexibility and better prices. Thanks to increased flexibility it is possible to buy and sell over a larger period of time. As a result, people have more options and opportunities. Also, when it comes to better prices it is possible to take profit as well as trigger stop loss orders during out-of-session trading hours. Customers will probably receive better prices and avoid possible market gaps and slippages when the underlying market opens.

As a reminder, stocks and shares represent units of ownership equity in a company. Stocks give shareholders voting rights and a guarantee of the equal distribution of profits in the form of capital gains or declared dividends.

 

Celox Live and its Platform

It is hard not to mention its platform. Hopefully, it is quite easy to use the platform. Moreover, cfdadavanced.com offers numerous videos that will guide you through all the features on the platform.

celox trading platforms

celox trading platforms

As a reminder, trading is simple. The first step is to select an asset. All users have to do is click on the “asset” tab on the platform. They need to choose a preferred asset from their extensive tradable asset selection offered by the firm.

The next step is to decide on the amount a trader wants to invest in any given trade. Unsurprisingly, the higher the investment, the higher the potential rewards.

Moreover, it is important to make a decision, whether to go short or go long on his or her preferred asset. Hopefully, advanced charts, graphical trading tools, technical indicators, and live analysis helps to make an informed decision on probable future price movements.

It is important not to forget about risk factors. When a trade position is open, customers should protect their positions from market risks. Customers should use Stop Loss and Take Profit orders. Thanks to Stop Loss orders it is possible to reduce potential losses. Moreover, Take Profit orders allows users to lock in their profits.

Users should keep in mind that, Stop Loss and Take Profit orders will automatically close their positions when triggered.

Celox Live and Education

Hopefully, Celox Live offers interesting information. It is desirable to read every chapter of the guide. Moreover, people will find this guide brimming with information for their financial education. Furthermore, Celox Live’s goal is to educate investors and bring transparent investing to anyone who wants it, not just the elite.

Thanks to the guide, which is available on Celox Live, users will learn many interesting tips. For example, they will learn which kind of stocks will let them sleep at night. Moreover, they will find five different ways to hold precious metals and other assets for added security. It is desirable to have a look at the information provided by Celox Live.

celox live market reports

celox live market reports

Fees and Charges at Celox Live

Full STP Technology – NO conflict of interests

  • Trades are placed with leading liquidity providers, often tier-1 banks and ECN’s to ensure there is no dealing or intervention performed on your trades.
  • Accurate real time prices that mirror the global market conditions. You will benefit from more competitive pricing (tighter spreads), no-requotes and price improvements.
  • No restrictions or limitations on trading strategies like scalping, hedging and news

It is worth noting that Celox Live offers customers most of its fees free of charge. Moreover, they provide detailed information about the few fees they ask from customers.

Customers should keep in mind that additional fees could be applied to their accounts, depending on the trading activity.

 

Celox Live Review: Conclusion

As can be seen from the review of Celox Live, it makes sense to cooperate with this firm. . Moreover, its website provides many interesting details, and it is desirable to have a look through their website to see how well Celox Live suits you.

We strongly hope that this Celox Live review will give you accurate information about the broker enabling you to make the right decision of choosing this broker.

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Broker Reviews

12Trader Demo Account Review

12trader demo account review

12Trader Demo Account Review

When Trading with Any broker you have to carefully consider which of the Forex brokers meets your requirements for trading platform, Mobile trading, social trading or trading signals.  There are many forex broker reviews that do not go beyond the minimum deposit, account type and deposits and withdrawals options with a broker.

But we try in this broker review to show you that 12 trader can hold its own among forex brokers. The financial markets since when you trade forex, (you capital is at risk), requires to have access to a solid support team of wide range financial experts and 12trader is offering exactly this . for beginning traders and the more seasoned ones there are not many brokers offering better service

12trader demo account review

 

12Trader is an online Forex, CFD and cryptocurrencies trading platform. They have been on the market no that long but already slowly started to gather some followers.

The maturity of the company is due to the fact that the founders are all people that have been active within this industry for years. As such their combined knowledge and experience has taken this new brokerage to higher service and trader experience within a few years where an other broker might have taken longer.


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12Trader Demo accounts and live trading

When you want to become a trader, professional or as a way to supplements your income and even those that just look to add some excitement to their lives, 12Trader gives you the option to open the 12trader demo account that will allow you to start trading without actually having to put up any funds.

I believe that every trader should always first open a demo account. The 12trader demo account allows you to learn about the mechanics of trading and develop and test your acquired trading skills and processes without any risk.


12Trader Trading Education

On the 12Trader Forex Broker website, you have straight away access to several tools that are to educate you on what trading actually means and what you should be aware of.

The courses are separated in clear categories and if you go through all of them you will find that you have become knowledgeable in topics that you were not even aware existed a few days earlier.

The reason this broker is doing that or any other broker for that matte is that for them money is in the retention not in a new client that puts $50 loses it and never wants to trade again, as they earn on the spread they want you to trade make profits and keep on trading. This requires patience and education.

Since they also understand that most people are inherently lazy everything is made for you to sit watch and just absorb.


12trader Free Signals

When you start, trading signals are one of the tools you should use to learn how to identify a good trading opportunity. This broker offers free signals to their traders and this will be a perfect opportunity for traders to test their signals and see if they are any good. At the same time, it will show traders when to enter the market and what to do.

Even I have been trading for years I still use signals as a tool to test my strategy and see if I missed anything, so once you start using them it will be hard to let go. The good thing is that this broker keeps on providing quality signals so you don’t have to trade without.

That said I urge you to never take them for law and always due your own analysis of the markets.

 


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Trading Platforms

In order to provide the trader with the rifght trading experience and trtrading conditions 12trader is using the Sirix Trading platform.

This platform is an  advanced web based trading platform which requires no download or software installation is required. The 12traders platform comes with a extensive charting package and a wide range of technical indicators that enable traders to stay updated with all the latests market developments.


Social Trading

The 12trader trading platform offers also an aspect of social Trading. This Feature Helps them to shorten their learning curve. the social Trading options offers you access to the live trades of others.

These live trades and pending orders show what other traders are doing and you will be able to see how many other traders have copied these trades. This is like a social trading indicator that will give you the trend at that moment

placed by other traders as well other updates such as how many people copied the trade. If you like you can directly copy trades from the “Social Stream”.

In addition, you can follow traders that you believe to be very good by analyzing their historical performance data. Once you have located a few of these traders (you are not limited but I would suggest to just follow a few) you can “watch” them.

Their activity is then updated in your “Traders I watch” stream which then gives you the opportunity to actually just automatically copy their trades. This is an amazing feature but be careful with this as you basically let someone else trade with your money.


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12trader trading accounts

this broker offers different trading accounts in order to accommodate all level of traders,

there is another type of account but those are on invite only as they are for a minimum $100,000 investment.

12trader demo account different account types


 

12trader demo account Conclusion

The 12trader demo accounts is one of the better demo accounts for beginning traders, this fresh and young broker deserves the benefit of the doubt and is on its way to make a solid and respectable name for itself

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Broker Reviews

CMSTrader Demo Account Review

CMSTrader Demo Account Review

  • Name :CMSTrader
  • Website : cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed :No

CMS Trader is a Forex broker which was released onto the market in early 2017. It was founded by a number of professional traders. they offer over 50 Tradable assest

they have recently added for this also the cryptocurrencies to their offering ., and now you are able to trade Bitcoin, Ethereum, Litecoin  and i am sure more are to follow

You can choose from a variety of trading platforms. The minimum requirement to open account. ECN type is available if you plan to trade with a minimum of $500. in my opinion even $500 is not enough for an ECN account but with this broker you can.

Otherwise, you can open your standard Trading account with just 250 dollars and start trading online.


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CMSTrader Demo Account

CMS Trader has developed a simple structure trading environment where everyone can trade without to much hassle.

this is a good demo account for another trading platform besides the all known metatrader 4 . On this trading platform which is the Sirix Platform ( more about that later) you will be able to trade through their web interface on a very intuitive trading platform made for an improved trading experience.

This platform besides the regular charting and features that most offer also has a basic social Trading module which sallow new traders to see the overall trend among the traders, this is useful for anyone that wants to start trading and makes this demo account even more valuable,

you receive a $10,000 virtual Money account that is open for a whole month for you to understand 

  1. if this is the right broker for you
  2. if this is the right trading platform for you.
  3. The quality of the brokerage
  4. the trading conditions and trading environment.

 

besides the CMSTrader Demo Account one of the most important services is the free Trading Signals Service.

When you trade with Cms trader you will receive daily recommendations on the major currency pairs, also you can receive recommendations on commodities, stocks and indices by email or a text Message.

this is a highly regarded service and flagship feature of this Brokerage.

 


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Trading Education

There is nothing better than a Forex trading and crypto trading tool offering continuous opportunities for one to expand his or her investment knowledge and skills. CMSTrader broker’s education center offers exactly this.

as an account holder you have unlimited access to their complete educational materials. These consist out of  diverse courses ,tutorials , videos and daily market news and analysis

 


CMSTrader Account Types

There are three main CMSTrader account types

Traders are allowed to choose the the account type that they think would be best for them .

Mini Account Type: 

  • initial investment of $500
  • leverage of 1:200,
  • a minimum trading volume of 0.10.
  • Hedging is allowed
  • daily market signals
  • spread is fixed.

Silver Account Type: 

  • The minimum deposit $10,000 a
  • 1:200, 1:300, 1:400 leverage,
  • daily market reviews,
  • a Personal Account Manager,
  • Financial and Risk Management Plan,
  • Personal Invitation to VIP events.
  • Hedging is allowed
  • daily market signals
  • spread is fixed.

Gold Account Type:

  • minimum deposit – $50,000.
  • Monthly Performance Report,
  • the spread could be fixed or variable,
  • Special Ventures,
  • the ability to carry out expedited withdrawals.
  • 1:200, 1:300, 1:400 leverage,
  • daily market reviews,
  • a Personal Account Manager,
  • Financial and Risk Management Plan,
  • Personal Invitation to VIP events.
  • Hedging is allowed
  • daily market signals

Besides these account they offer also and Islamic Account

 The account was designed according to the Sharia law.


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CMSTrader Trading Platforms

Traders at CMSTrader are able to trade on the Sirix Web Trader, Sirix Mobile Trader and Sirix Station.

Sirix Web Trader: This is the best trading platforms offered by CMSTrader It can easily be accessed by anyone regardless of the type of account used.  the Platform is very easy to understand and shoudl allow traders to start trading within no time.

Sirix Mobile Trader: CMSTraders trade-on-the-go platform.  since more and more people want to be able to trade regardless where they are , Sirix Mobile Trader is the answer.

Perfect for those traders that also use the CMSTrader Signals This platform needs to be downloaded and installed on mobile devices.

Sirix Station: This is the only trading platform at CMSTrader thats available on immediate and advanced accounts (Silver and Gold).

This platform has to be downloaded and installed on the PC.


CMSTrader Customer Support 

Their multi-lingual support team represents reliable financial and technological assistance to their clients 24 hours a day and 6 days per week for any trading issue they face.

Each of the staff members undergoes professional training by industry professionals. they have the right knowledge to help you along and if you are gold or silver you have your personal account manager to to handle your affairs in relation to CMStrader.

Conclusion

The CMSTrader Demo Account is viable option. for those that want to trade on a demo accout , especially if you look for an alternative to the metatrader 4 brokers.

Their platform offers a wide array of training features and is very highly regarded for providing stable trading results.

 


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