I agree with this comparison. Many traders fall into the trap of emotional trading, similar to gambling, where they try to recover previous losses...
In highly volatile markets, lowering leverage can help reduce risk, while increasing it during more stable periods may allow for greater potential...
As a newbie, focus on educating yourself about forex basics and trading strategies, using reliable resources like BabyPips. Practice risk...
Basically your max position size is 50*20=1000 USD which is 0.01 lot. Major fx brokers like HFM or Exness, if it's not a cent account offer 0.01...
What is cheaper in your view? trading with STP or ECN broker? And where risks are lower?
ECN is a network of dealers which broker uses to provide best available price in the real time and can participate and act as a dealer too. STP...
If you want to gain understanding of core mathematical concepts behind risk management (like markowitz portfolio theory, correlation, hedging...
Solution is to focus on constraints that those giants have (regulatory, mkt size, corporate bureocracy, etc.) this creates market niches where you...
High leverage and high frequency of trades without solid trading strategy
Full-time trade is mostly when you are employed by hedge fund or investment company or bank. Full-time trading means you compete with those...
Is there anywhere I can see how this trading advisor has performed on a real account? I also wanted to know if it is compatible with the MT5...
Good question. Actually all inefficiencies sooner or later are discovered, for example you was only one on the lawn then other guy discovered then...
Identifying a scam broker involves looking for red flags such as unregulated status, generous bonuses, poor or no customer reviews, and lack of...
The statistic that 90% of traders fail in the market is often cited and reflects the challenges of trading. Key reasons for this high failure rate...
Yeah great suggestions I use them along with HFM due to tight gold spreads and quality price feed
In my experience, successful trading requires finding a style that matches one's personality and lifestyle. Early on, I experimented with various...
Integrating Fibonacci retracement levels with price action signals creates a robust trading system. This approach involves using Fibonacci levels...
To adapt my trading strategy to varying market conditions, I continuously monitor market trends and economic indicators, adjusting my approach...
Scalping, a strategy involving rapid and frequent trades, requires a well-defined plan and strict adherence to money management rules due to its...
Your approach to trading, focusing on a simple, calm strategy and avoiding high leverage, aligns well with risk management principles. Achieving...
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