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New Traders Forum

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Switching from Long to Short

By RichardPower Aug 05, 2022 at 07:40

As far as I am aware this is just a view and doesn't impact any live trades. My understanding is that it is a useful view that simply helps those who find they have a bias of only spotting long trades vs short trades. I believe it just inverts the image so that price increases top to bottom instead.

1 Replies 313 Views

Last post by sebking1986 Aug 05, 2022 at 12:20

Need A Broker for trading crude and brent oil?

By Peterhandcomp Jul 31, 2022 at 06:41

IC Markets are good if you can use them in my experience. Also find EagleFX decent and can be used by anyone around the world. Another decent one is FXPro if you prefer to stick to regulated brokers.

0 Replies 387 Views

Last post by sebking1986 Aug 01, 2022 at 11:19

Which broker is better

By Jamerson Mar 15, 2022 at 04:59

It’s not about what my broker offers but whether it is in accordance with my trading needs or not. I prefer technology over manual trading and that’s what I mostly look for.

19 Replies 1,720 Views

Last post by Jamesmaculm Jul 28, 2022 at 08:29

How true is High leverage = High risk?

By forex_trader_1955784 Nov 12, 2020 at 07:22

Yes, high leverage entails both high risk and high reward. It is important to understand how to use it wisely.

61 Replies 3,418 Views

Last post by venlamoe Jul 28, 2022 at 06:52

2 unexpected tools to help you mastered the system

By NewCityTrader Jul 19, 2022 at 13:11

Learn how to trade by following live tradingYou will accelerate your development as a trader by watching live trading or analyzing videos of how someone makes live decisions.Ideally, of course, it is the author of the trading system you are trading with or it is an experienced trader who plays with a system as similar as possible to yours.Trad...

0 Replies 310 Views

Last post by NewCityTrader Jul 19, 2022 at 13:11

Want to Learn More!!

By pdonovin Jun 18, 2015 at 11:48

Practice on a demo account first, it’ll sharpen your skills and understand the market closer. Start with a micro lot, then you can expand. Moreover, start by practising. This teaches you risk and money management too, which are important for successful trading.

13 Replies 740 Views

Last post by Inessive Jul 14, 2022 at 04:44

How to deal with doubting the trading strategy and switching between systems?

By NewCityTrader Jun 26, 2022 at 05:52

“After a series of losses, doubt in the strategy appears and I change to another one. After which, the situation repeats again. And so on and so forth.”Losses cause discouragement and the search for another “reliable” trading system. But there is no such system :) There is no situation of certainty in the market. We enter th...

0 Replies 336 Views

Last post by NewCityTrader Jun 26, 2022 at 05:52

money manage and leverage

By Mohammadi May 02, 2019 at 07:45

that is perfect answer. agree

64 Replies 3,493 Views

Last post by AndrewMcCalam54 Jun 23, 2022 at 11:17

lost

By lissuhmichelle Aug 11, 2015 at 06:28

I see you opened this thread on 2015; it’s 2022 and till now the scenario is the same! Learning isn’t any easy option here; it takes such a long time to learn Forex!

72 Replies 3,081 Views

Last post by Akasuki Jun 21, 2022 at 15:16

THE ART OF TRADING: JOURNEY TO CONSISTENCY

By fxmahadum Apr 07, 2021 at 05:50

Yeah bro, but am glad we have people who are willing to read from it, you might choose to remain and keep reading long story or help me with a class on summary kidding Thanks

12 Replies 504 Views

Last post by fxmahadum Jun 14, 2022 at 07:50

Paying TAX

By RobPoetker Jun 05, 2022 at 01:25

I've never heard of a legit broker charging tax on withdrawals. Withdrawal fees possibly but not calling it tax. You should withdraw a gross amount and then pay tax on your earnings each year with your respective country's tax authority.

1 Replies 314 Views

Last post by sebking1986 Jun 07, 2022 at 14:09

Alternative hedging strategy in case of drawdown

By Becks25 Jun 06, 2022 at 11:00

Hi everybody,I'm a medium experienced Forex trader.I would really appreciate to receive your comments about a strategy I'm probably going to implement in the near future on EURJPY.I'm currently in a drawdown, with 5 Sell options opened respectively at 136.15, 137, 137.8, 138.8, 139.45 and one in pending at 140.95. My account can resist ...

0 Replies 228 Views

Last post by Becks25 Jun 06, 2022 at 11:00

C Trader Copy Trading

By thubajumbe May 13, 2022 at 13:38

I’ve been using zulutrade for copy trading. Works smoothly on my system.

3 Replies 655 Views

Last post by Salsitude May 27, 2022 at 10:47

How and when close a trade to get the most out of the market?

By NewCityTrader May 23, 2022 at 14:04

One of the key questions I ask traders is how they get out of positions, can they always get to the TP. If you look at yourself you will find out something interesting about yourself.In short, there are two practical ways to manage a trade (and that includes staying within your TP).The first is technical management:You exit a position either when y...

0 Replies 281 Views

Last post by NewCityTrader May 23, 2022 at 14:04

Which pair do you use?

By Anking69 Oct 05, 2013 at 21:13

The favorite ones are major currency pairs, these are pairs which include US dollar, because I am convinced that the high liquidity of these pairs can help traders to boost their account, even if they are lack of experience in trading. Sometimes, when I am in high spirits, I can trade cross currency pairs, which include all the major currencies des...

52 Replies 2,698 Views

Last post by Likimas May 21, 2022 at 15:38

Don’t Let Your Emotions Dictate Your Forex Trading

By forex_trader_1996705 Mar 02, 2021 at 15:39

Emotions do not allow traders to be rational while trading. Traders should not allow their emotions to overpower them and affect their trading decisions.

55 Replies 2,461 Views

Last post by jambeau May 20, 2022 at 03:53

Which indicator you use most for your trading?

By lanzu Apr 27, 2020 at 13:26

mostly prefer price action even though i am not expert about this.

53 Replies 2,761 Views

Last post by AndrewMcCalam54 May 19, 2022 at 08:47

[TIPS] How to choose the best Forex trading system?

By NewCityTrader May 13, 2022 at 15:09

If you have problems with choosing a forex system right for you, here’s some tips. Or, if you change systems often, here is the answer:1. Ask yourself: is trading really for you? Forex trading is a profession, not suitable for every personality. Just like any other job it simply does not have to be your thing. And that is ok.2. Think which as...

0 Replies 245 Views

Last post by NewCityTrader May 13, 2022 at 15:09

Trading 100 Lots on Gold Spot (XauUsd)

By forex_trader_479285 Apr 22, 2022 at 20:29

Has anyone here traded 100 Lots on Gold Spot (XauUsd), through a Retail Broker? I wanted to know the following.(1) Would the Trade execution get Filled Instantly (during London and New York Hours)?(2) When you close the trade, is it closed instantly? (3) Can Retail Brokers such as IC Markets handle such large orders? I’m only interested from...

0 Replies 318 Views

Last post by forex_trader_479285 Apr 22, 2022 at 20:29

97% win rate 230+ plus trades, 3yr experience.

By shaysabranfiji Mar 01, 2022 at 06:39

rags to riches story...college dropout to self made millionaire...thats what i want as my title in a few years cuz the way im trading the math is accurate that within a few years ill be rich.

0 Replies 342 Views

Last post by shaysabranfiji Mar 01, 2022 at 06:39

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