Keep an eye on each of your trades every day because you cannot overlook risk. Make use of your demo account to practice a strategy over and over...
Beware when trading using EA, any glitch in the server and there goes your profit. Also, it’s just the trending market when EA's work fine. In...
I understand taxation is the major concern for traders but me being an American, I’ve realized that the taxes were either eliminated or sometimes...
That’s unfortunate! But it’s okay because these bad experiences would have surely taught you not to believe everything you see or hear. What I...
I believe so. As of now, it’s 127.48 like you said and will go up till 130.92.
Of course there is. If the market’s quiet, a 50 pip stop can be a large move, while if the market’s volatile, this much stop can be quite a small...
Yeah the low spreads add up to the end-of-day profits.
Exactly. What traders don’t understand is that setting a 5% stop-loss order on a stock that comes with a history of nearly or more than 10% a week...
yeah it’s variable for forex and changes when the bid and ask price of the currency changes. But I believe Indices have fixed spreads.
Yep and that’s the reason I’m kind of satisfied with forex. Not very adventurous here but I’m happy that the brokers I trade with like octafx and...
If your trading strategies are well-defined, I don’t think the type of spread you opt would matter or affect your profit.
Not much of a math. Just calculate the difference between the buy and sell price of the pips. Or subtract the bid price from the ask price.
Anyone trading here with floating spreads? I switched recently and yet to decide which is better - fixed or variable.
So the first thing you can do after opening the chart is to draw the primary support and resistance levels that includes the trend lines,...
EURUSD is still the way to go
I think what medium is suitable would depend on personal perspective and also what is to be learnt. If we talk about price action trading, it does...
That entirely depends on your experience and how you like to trade. If you are comfortable with using one strategy that is profitable, you can...
Clearly Forex trading is better and safer than trading crypto currencies despite many saying that the latter generates better results in terms of...
I did try using the MT5 platform since there was so much said about the technological advancements, but I found myself going back to MT4 simply...
Not to forget using the stop-loss that can be a time-based strategy and then back-testing the results using the MT4 platform. My brokers helped me...
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