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Signs of an Excellent Metatrader Programmer

Signs of an Excellent Metatrader Programmer

Hiring the services of a Metatrader Programmer is critical to most Forex traders. Since traders often deal with money while trading in the real markets, the price of inaccurate or poor programming on their custom software can be costly. Therefore, it is imperative to have a good criteria when choosing a programmer. Here are some of the best qualities to look for in Metatrader programmers.

Technical Skills

This is the single most important quality to look for in Metatrader programmers. Most programmers often offer free samples of their programming works. They may either email them or send you download links to their portfolio. If they didn’t send samples, ask for some. Test those samples so you can get an idea on the skills of the programmer you would like to consider working with.

After disclosing your strategy with your programmer, ask him on how he would implement the rules of the trading system or idea. More often than not, a good programmer has already developed some plans on implementation, even though he hasn’t started on the project yet. He might even offer some programming improvements on top of your trading ideas.

Communication Skills

No matter how skilled your programmer is in Metatrader programming, if he has poor communication skills, it can gravely affect the quality of his programming works. If you cannot find a programmer who speaks or can write in your native language, look for someone who has good command of the English language. Some programmers have assistants who possess good communication skills. However, it is important to make sure to get your messages across and make sure that the programmer assigned to developing your software understands your instructions well.

It also helps if your programmer is knowledgeable in Forex trading. That way, you can freely express your ideas with your programmer without having to rephrase a lot of trading jargon.


Does your programmer follow the rules of etiquette and netiquette? How punctual is he when returning your emails? Does he deliver his software within the promised deadline? How does he respond when you there are problems with the developed software? These are some of the questions you have to ask yourself when evaluating a Metatrader programmer. Forex Traders often work with programmers whom they do not meet face to face. The observance of professionalism for both parties not only fosters a harmonious working relationship, but also helps bring projects reach a successful conclusion.


The fact is, most programmers are flexible when it comes to time. Due to the nature of their work, staying up till late night or early morning is often considered normal. However, it is still good know your programmer’s availability. Remember that the internet is a global community, and most likely, the programmers you consider working with are located elsewhere. Knowing each other’s location and timezone may help both parties adjust their own schedules.

No good Forex trader would allow their own trading system to deteriorate due to bad programming. Excellent trading systems are essential to successful Forex trading. And when it comes to automating trading ideas and strategies, programming skills are equally important. Hence, traders should carefully assess their programmers’ skills and qualities before deciding to work with them.

Choosing the Best Forex System For Highest Profits

Choosing the Best Forex System For Highest Profits

The first question we need to consider is whether or not there are actually any good forex software applications? The good news is that yes, there are without question some pretty decent bits of kit out there but trying to cut through the smoke screen of some slick advertising promotions isn’t always easy. The first thing to be aware of is that forex software falls into two generic types, and determining which is best for you is not just a matter of price and reliability, but which one suits your circumstances as a trader.

The first kind of software you will find is simply an automated advisory service. These types of applications will typically alert you when to enter and when to exit the market for any specific trade. These types of applications are typically used by “hands-on” traders who have a specific trading model that they are implementing based upon their clients trading expectations and portfolio. The main downside for this type of application is that you need to be around whilst the markets are open to execute trading decisions – which is usual if you are a full time professional trader.

The other type of forex software you may find these days are commonly known as expert advisors, and as per the first kind described above, they too are designed to alert you to up-coming trade entry and exit points. They also have the added benefit of executing these trades on your behalf, based upon trade set-up rules that you configure the application with before hand. This means that you don’t necessarily have to be glued to your screen during trading hours.

Arguably the most important set-up rules that these types of application incorporate are predefined stop-loss and take-profit parameters. This helps to keep the emotion out your trades and protects your position in the event of a trading position going south. Many inexperienced traders and experienced ones too make the mistake of either chasing a losing position or riding a profitable one for too long.

Therefore, if you are thinking about getting involved in forex trading and using an automated trading system, or indeed if you wish to bolster your current operation, I would advise you to do so, no matter if you use a fully or semi automated software package. Both these options will help you minimize painful mistakes and become a more profitable trader. However, go for the option that best fits your personal circumstances as a trader.

Keeping Your Losses At A Minimum

Keeping Your Losses At A Minimum

We once wrote a little piece about keeping your losses to a minimum since letting a losing trade get wildly out of hand will cost you dearly. So we got a question we’d like to share with you:

“I agree with your concept of bailing out of a trade quickly before it snowballs into something ugly. I think that is why we use stops. But I have a question about that. What do you do if you buy a stock on Monday and it ends the day right about where you bought it. But then Tuesday it opens down 50 cents and falls from there, hitting your stop. Do we let the stop take over?”

What a good question and the answer is going to need some explanation. We don’t usually like to get too involved with the first half hour of trading. It’s that first opening 40 minutes of trading where the overnight market orders are getting processed, where the morning’s economic data is getting “knee jerked around” and overall it’s usually a good time to avoid.

So, what does one do when a stock opens the next day and it’s at your stop? In general terms the best thing to do is ignore your stop. Why? Again, the market is at it’s most volatile during that open, and more times than not the first few moves are not indicative of what’s going to happen for the course of the day. Even if it is, we usually see a decent bounce once the initial move takes place.

In other words, let’s use an example. You buy XYZ on Friday. You pay 20 for it. But Friday night it closes at just 20.02. You had set a tight stop at 19.70 . So, Monday morning we see the market’s in a bit of a funk, the futures are a bit red, and sure enough XYZ opens at 19.70 and starts inching lower. In 5 minutes it’s 19.60. If you honored your stop, you just lost 30 cents.

Now let’s say it’s going to be a bad day. After trading down to 19.60 XYZ bounces and gets to 19.90 but then starts fading. The market is soggy. It’s now 10:10 am and XYZ is sliding back down. If it hits 19.70 we’d take it off the table and bail. Yes, you took a loss, but it’s just 30 cents and at the end of the day GLXX is at 19.50. You did well.

Now let’s say that instead it’s the kind of day where the morning’s funk wears off. Again, you bought at 20 its opening at 19.70 it trades down to 19.65 and then “levels out”. By 10:10 the market is perking up. The DOW just went green. The NASDAQ is perking up. XYZ is now 19.85 and inching higher. You hold it and find that when the final bell rings, XYZ is at 20.15. You won.

The key was to not get stopped out at the open in either case. When a market opens sour and we’re already underwater at the opening bell, we take the mechanical stops off. We want to see if it’s really going to be a bad day, or if it’s just morning funk, and you cannnot know that until some time passes.

Certainly you don’t want this to get out of hand! We mean if it opens at your stop and then ten minutes later it’s down to say 19.40, we’d probably sell the first meaningful bounce and wonder what the heck went wrong! But you understand what we are saying. We rarely if ever will sell out at the open. You can usually “do better” by waiting for a bounce, and there’s always a bounce. If the bounce holds and the market is warming, chances are you’ll end up back in the green or at least, down just pennies. It’s not easy to watch, but getting taken out on a gap down will usually find yourself kicking yourself.

Options For Fixed Income Funds And Fixed Income Security

Fixed Income Funds And Fixed Income

These days there are many options available to help you stretch your dollars further. Using fixed income funds to help supplement your monthly income is a good choice for those who need a little bit extra each month. When you have to survive on a specific amount each month it can be difficult to meet all of your obligations.

Determining the amount you need to have coming in each month is important. There are several choices for creating a fixed income that you will receive each and every month. You will likely find that you need to use a broker to help you with this process.

When working to determine which firm to use, you will want to check their credentials as well as their history. Customers who have been satisfied with the service will be more than happy to tell you about their experiences. At the same time those who have not been satisfied are also likely to give you that information.

Selecting the right investments is the biggest part of this process. Finding those that will provide you with a fixed amount each month through interest payments is important. Brokers are well aware of the options that are available and can help you make the right choices.

Many people today are very hesitant about investing as there have been numerous issues over the recent history. These issues have resulted in significant losses for investors which make people be more cautious about investing in general. Using the options available for fixed income funds can be very helpful.

When you begin this process you want to determine how much fixed income security you need. This step helps you to rule out those that will not offer enough. After that you need to determine how much you need to invest to reach the goals that you have set.

Deciding to use fixed income funds for a fixed income security investment is a big decision. You first need to determine whether or not you will have the available funds to make the investment. If you do not have a personal portfolio already, you will need to work on creating one of course.

Once you have determined the needed amount of fixed income funds you wish to receive, you need to find a broker to help you create your fixed income security. There are several good choices that you might make. When considering the options you will always want to check references to ensure you are fully protected against loss.

Different Ways Of Gold Investments

Different Ways Of Gold Investments

There are different ways of investing in gold and this really depends on what you can afford. Gold investment is a very wise thing to do. Coins, bars and exchange traded funds are different ways of gold investments. Gold bars are the most traditional way of investing. These can be bought and sold in major banks over the counter. Bars are accessible in several sizes.

We can hold these bars directly by keeping it to ourselves or by keeping it in a vault on our behalf. Coin is another way of investing. It is a popular way of holding gold. Bullion coins are priced according to its weight plus premium. Most people invest in gold coins because it’s less expensive and easy to store.

Gold exchange traded funds are traded like shares. These are fully backed by gold which is deposited and insured. The account of gold is managed by buying and selling gold in the open market. These ways reflect an easy way to gain exposure to the gold price without inconvenience. Small commission is charged for trading in gold funds. Economies of scale, liquidity, and ease of buying and selling of these funds make this method a very easy method of investing. These gold investments are a very popular method.

Having gold accounts is another gold investments method. Gold money is a digital gold currency provider. We can have these accounts too instead of having to keep it physically. Derivatives are another popular way of investing in gold. Derivatives such as gold forwards, futures and options can be used every where. In the US gold futures are mainly traded on the New York Commodities Exchange. It can be traded else where too.

Mining companies do not represent gold but they are shares in gold mining companies. For instance if gold prices rise hen profit of the gold mining company might rise and then the value of share will also increase. Unlike gold bullion, unhedged gold shares are regarded as extremely volatile and risky.

The intensification of gold mining profits during times of rising prices can cause gold rush in mining industry. To decrease this volatility many mining companies hedge the gold prices. These are different ways if investing in gold. We can store them or keep them in the bank. During crisis this asset helps us and in a way keeps us out of any monetary crisis. We can choose any of the above methods depending on what best suits us or our gold portfolio.

The Best Funds For You

The Best Funds For You

Stocks and shares scare most people, so it obviously would not be smart to invest our money in something that we don’t understand or are not sure about. There are of course several safe investment areas available to us, but we are required to understand and analyze these as well before we simply invest our money. We need to be smart about our investments and put our money into investments that would give us the highest returns. While investing through big investment companies may seem like a good way to gain returns, we have no control over the gains we earn.

Mutual funds performance is out of our hands, and we are unable to customize these funds according to what we need and require. There is also a high fee to pay to avail of these services and the time taken to get returns is long and uncontrollable. Even though there are several types of mutual funds available to us, the drawbacks of all are the same, so people who are looking for safe returns fast are at a loss in the mutual fund market.

For people who are still looking to make collective investments, the safer option would be the Index Fund. This type of fund is different, as it aims to recreate the movements of a specific market, and market conditions are not very important. To avail of such a fund, the fee required is minimal, however returns are not minimized.

The low cost of this fund makes it appealing and also accessible to people who are at the lower end of the income bracket. It is also easy to manage these funds, and the investment objectives of such a fund are easy to understand. These funds are simply rebalanced every six months or every year. Style drifts are not possible with these types of funds, so diversification of a portfolio is more accurate and can easily be increased.

The turnover expected from these funds is lower, as they are passive funds and not active funds. This means that capital gain taxes are not applied to these funds and so the investor need not pay the taxes that would come along with a high turnover rate. Investing in different types of funds eventually lies on the person and what kind of returns there are looking for, but in the end the safer way to invest would be through a fund that offers higher returns with low investments, and has a nearly hundred per cent accuracy rate of being able to predict the returns a person will gain.

Top Funds to Increase The Alpha in Your Folio

Top Funds to Increase The Alpha

The need of the hour or more rightly each hour seems to be minimizing risks and maximizing profits. In order to quench this wish the investors start a drive to identify stocks that yield them a full alpha. Theoretically Alpha is the surplus return of an asset in correspondence to its benchmark index.

Aggressive and advanced strategies to manage investments in a portfolio call for high risk methods. Only a few would want to adopt this approach after the markets facing a brunt of the European crisis. One clever method is to benefit from disclosures made by some of the brightest minds through 13F Declarations; all big institutional investors or hedge fund issuers who have more than $100 million worth of transactions are directed by Securities and Exchange Control [SEC] to make their top equity assets public after the end of each quarter within a stipulated time frame of 45 days.

GURU ETF scouts for the best of the stocks that are declared by the top money managers in their 13 F listings, and then picks the best of the lot (all under equal weight age) through logical calculations of a trade mark data software . This data program is developed by AG& G Structured Solutions, Germany; the same company is responsible for making similar systems for standard benchmarks like S and P.

Investors can research through 13F filings themselves as these declarations are made public, one may find good online references on or, those who deem it as unnecessary can directly invest in a fund that gives you a stable and equal exposure to the top 50 picks that are available among the assets of the best hedge funds worldwide and delivers as per the performance of the Solactive Guru Index.

Your portfolio will reflect big names without paying high expenses of 2% plus a 20% on profits which is a norm with most good hedge fund investments. The annual expenses with these benchmark bound ETFs hover around 0.75% – 0.80% and low operational expenses is one of the biggest winners for this product and main reason for growing investor attention towards it.

A top hedge fund holding ETF follows a reshuffle quarterly, after the hedging managers make their equity disclosure; the fact doesn’t go well with some skeptics who believe that at the time of the declaration, the stock may not be as attractive when the fund bought it as the news is almost +4 months old. Other notable downside could be that the better stocks are not given higher weight age.

Being pure play products, most hedge fund ETF assign 2% asset-allocation to each security due to the exposure uniformity in the benchmark itself.

Stocks that are acquired are understandably among the best in the world. Dependence on technology is third highest and along with the heavy weights like Google Inc. and Facebook equities like the magna chip semiconductors and NXP semiconductors are also included. Heaviest sectors are the financials and industrials; together they make up for the 38% of the Index.

The guru index and its related funds were introduced in 2012 and its past performance has been quite encouraging. Although since inception, the index has delivered a cumulative return of 23.41%, what it will churn out in the long term future remains to be seen.

90-Day Non-Immigrant Thai Visa

90-Day Non-Immigrant Thai Visa

Thailand’s 90-day Non-Immigrant Visa is granted to foreign individuals who would like to be in the Kingdom for studies, doing business, retirement and others purposes.

As its title suggests, this type of visa is valid for 90 days starting on the date it is issued. The one granted with such visa can stay within Thailand for not more than 90 days although he can continue being in the country 7 days after the allowed 90-day period, apply for and obtain an extension of stay.

90-day Thai Visa Requirements

Applicants should be able to show that they do not possess any security or public threat and they also need to be in the country where they filed their application.

Additional requirements are as follows:

  • Passport

The passport should be valid for at least six (6) months starting on the day of arrival in Thailand.

  • Invitation or Confirmation Letter

If invited by an organization, an invitation or confirmation letter must be presented by the applicant to affirm his intentions in visiting Thailand.

  • Embassy Fee
  • Other documents

The Royal Thai Embassy or consulate may ask the applicant to present additional supporting documents.

  • Proof of funds

The applicant must be able to present proof of financial capacity such as bank statements.

  • Travel itinerary

There are two options in filing for this visa, either by mail or personally at the Royal Thai Embassy or Consulate.

Benefits of having a 90-day Thai Visa

Holders of the 90-day Non-Immigrant Visa may be able to convert their current visa to one year extension of stay provided that they have met the requirements set by the other visa types with some of these Non-Immigrant Visa types can be applied within Thailand.

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General Process in 90-day Thai Visa Application

  • The applicant will have to prepare the necessary documents including the invitation letter from the inviting organization in Thailand.
  • He should submit these by mail or in person at the Royal Thai Embassy or Consulate.
  • He should then pay the applicable fees either in cash, cashier’s check or through credit card.
  • The duration of visa processing would depend on the documents presented as well as on the embassy or consulate where these documents were submitted (working days are also affected by holidays and non-working days).

Thai Retirement Visa

Thai Retirement Visa

Thailand’s Non-Immigrant “O” Visa, more popularly known as the Retirement Visa, is for issuance exclusively for qualified foreign individuals. This visa is also referred to as the One Year Extension of Stay Based on Retirement.

Its validity is for a year and the retiree can choose to extend his stay in Thailand by renewing it annually either in Thailand, in his home country or country of residence.

He can choose to apply for the said visa in his home country or in Thailand depending on the circumstances surrounding his documents and eligibility.

Thai Retirement Visa Requirements


The applicant should be 50 years old or above by the time he files his application.

Financial Capacity

He must be able to present proof that he can support himself throughout his stay in the Kingdom as he is not allowed to work and earn income inside Thailand. He can support his claim of financial capacity through:

  • Thai Bank Account
  • The said account should have at least 800,000 baht in deposits.
  • Updated bank book (passbook).
  • Letter from the bank certifying that the deposited amount are sourced out from abroad and that it has been in the account for not less than 2 months.
  • Monthly income/pension
  • The income involved should not come from within Thailand but from abroad.
  • The monthly income or pension should not fall down below 65,000 baht per month.
  • Should obtain an affidavit of monthly income from his respective embassy or consulate within the Kingdom.

A combination of both

  • If the deposited amount is below 800,000 baht but his monthly pension is high enough that the annual combination of both could reach more than the said amount, this can be resolved.
  • Should also show an updated passbook and certification from the applicant’s embassy in support of the applicant’s passing of the financial requirement.

Other documents

Only required by some Royal Thai Embassies or Consulates on applications for Retirement Visa and on instances wherein the “O-A” Visa applications have been done personally at the Royal Thai Embassy or Consulates abroad.

  • Police Clearance
  • Medical Certificate

What are my application options in Thai Retirement Visa?

  • Retirees can file their application for Retirement Visa at the Royal Thai Embassy or Consulate in their home countries. However, filing for and obtaining the single entry or multiple entry Visa with a validity of one full year can only be done in selected embassies or consulates.
  • Retirees can also choose to file for a Non-Immigrant Visa at the Royal Thai Embassies or Consulates in their home country first and when granted with such visa, they will apply for a one year extension after they entered Thailand. Nonetheless, they can only file for an extension after the lapse of 60 days in staying in Thailand or that their permission to stay in the Kingdom will be down to 21 days.
  • Additionally, foreigners with visa exemption stamps or on tourist visas may file for and be granted with Retirement Visa provided that they are able to qualify with the requirements and for a one year extension of stay. Applications through this route should be done at the immigration office within the Kingdom.

Things to Remember

  • Work

Foreigners with retirement visas will not be given work permits if ever they wish to work in Thailand thus working for a living will not be possible.

  • Reporting every 90 days

Retirees are required to report to the immigration office once every 90 days to ascertain their place of residence in Thailand. They may elect to appoint someone to do the reporting on their behalf through the Power of Attorney.

However, retirees who are not in Thailand in the 90th day would not be required to do so.

  • Re-entry Permit

Retirees may choose to apply for a multiple re-entry permits if they would traveling outside of Thailand within the year but if they are going to stay in the Kingdom for a year without exiting, they may opt for the single entry.

Yet, in case that the need for them to exit the country arise and they are on single entry permits, they will have to apply for re-entry permits at the immigration office or at the immigration desk at the international airport before leaving the country so as avoid their visa getting cancelled.

  • Bank Account

The retirement visa is valid for a year and the holder can choose to renew it annually using the same set of requirements except with the funds in his bank account. The funds should have been deposited for at least 3 months prior to renewal of visa. Meaning to say, if the applicant files for a renewal of the said visa, he will need to furnish and prove that he has another “set” of 800,000 baht in his bank account. Get more information on Fun88.

  • Bringing in of Household Items

The Bureau of Customs will impose import duties for household items that the retiree will bring to Thailand.

Thai Marriage Visa

Thai Marriage Visa

The One Year Extension of Stay Based on Marriage or what is popularly known as Marriage Visa is issued to an eligible foreign individual who is married to a Thai national. This visa allows the individual to stay in Thailand for a full year with no need to exit the country.

It can be renewed annually in the Kingdom provided that the individual is able to satisfy the requirements.

When granted, the foreign national may opt to work in Thailand provided that he will be able to secure a work permit prior to taking any sort of job in the country.

Thai Marriage Visa Requirements

  • Marriage with a Thai national

As the moniker suggests, the foreign individual must be, first and foremost, married to a Thai national in order to qualify for this visa. This will be proven by their Marriage Certificate. However, an immigration office may also require him to submit a copy of Affirmation of Freedom to Marry which he secured at the embassy of his home country in Thailand.

  • Finances
  • The applicant must have at least 400,000 baht deposited in his Thai Bank Account not below two (2) months prior his application.
  • He must have at least 40,000 baht monthly income to be supported by a certificate from his home country’s embassy for verification purposes.
  • A combination of both his Thai Bank Account and annual income should total not less than 400,000 baht.
  • Other clearances

These certificates are not required when the applicant files for the said visa in Thailand. However, these may be required by some Royal Thai Embassies or Consulates abroad for the issuance of a Non-Immigrant “O” Visa.

  • Police Clearance
  • Medical Certificate

Thai Marriage Visa Application Process

The foreigner cannot apply directly for a Marriage Visa per se but he has to qualify and apply for a Non-Immigrant Visa in his home country which he can be granted with a 90-day or even a one year stay.

He should then travel to Thailand to have his Non-Immigrant Visa activated and then he should prepare the necessary documentation and financial requirements needed in filing for an extension of stay (Marriage Visa).

His application for an extension of stay should be submitted at the Immigration Office.

Another, the extension will commence within 30 days left on the 90-day permit to stay or when 21 days is left on his permit to stay in Thailand.

If the foreigner is on a Visa Exemption Stamp or Tourist Visa, application for a Marriage Visa is possible for him but he has to satisfy the requirements set for a Non-Immigrant “O” Visa and One Year Extension of Stay Visa and then file his application at the Immigration Office within Thailand.

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Important Things To Remember for Thai Marriage Visa Holders

  • 90 day Reporting

The foreigner on a Marriage Visa needs to report his place of residence with the Immigration Office every 90 days.

In case that he is not in the Kingdom on the 90th day, the counting will begin again after the said day or upon his re-entry to Thailand.

  • Re-entry Permit

The Marriage Visa holder must make sure to obtain a multiple re-entry permit if he expects to exit Thailand within the year otherwise having a single entry is alright if he will be staying in the Kingdom continuously.

But if he is in a single entry permit but he has to exit Thailand for whatever reason, then he should secure a re-entry permit prior to leaving the country at the Immigration Office or at the international airport to avoid his visa getting cancelled.

  • Bank Account

In order for him to renew his visa for another year, he must have another set of 400,000 deposited in his Thai Bank Account or a combination of his annual income and Thai Bank Account deposits 3 months prior to his application for renewal.

  • Divorce

In case his marriage with his Thai spouse has been terminated by virtue of a divorce, his Marriage Visa may be cancelled as there will be no marriage to speak of. If this happens, he has to leave Thailand immediately although in some cases, foreigners on Marriage Visas may be allowed to stay in the country within the allowed period even if their marriage have already ceased to exist.

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