Getting so much confused with the terms. Please, help.
Mitglied seit Nov 17, 2020
23 Posts
Dec 29, 2020 at 04:46
Hey, I suggest you take a course on forex and familiarise yourself with the terminology and the basics of it. Don’t worry, you will get it right with practice.
Mitglied seit Sep 18, 2020
31 Posts
Dec 29, 2020 at 07:28
You better check out Babypips if you are getting confused with the terms. You'll have all the terms nicely explained and that will surely be helpful for you.
Mitglied seit Jul 20, 2020
341 Posts
Dec 31, 2020 at 15:16
First check the regulations of the broker. The broker needs to be regulated and licensed. Then check the facilities they are providing like spreads, leverage, margin, deposit and withdrawal facilities and customer support.
Mitglied seit Oct 07, 2020
104 Posts
Jan 07, 2021 at 06:43
sidekickstarter posted:It's totally okay to be confused. There's a LOT of terms and conditions you can inbox me if you want to i can help you out
Hi,
I am reading for the last three/four days about Forex and right now, I am getting totally confused. I can't get used to with the terms used in Forex related conversation.
How could I improve this? I am trying to understand and memorize those terms like looney, currency pair, pip, pipettes, lot and thousands more. Is there any other easy method?
I even search for kind of Forex Dictionary but failed to find one.
Hope that, you won't mind.
Mitglied seit Jun 03, 2020
56 Posts
Jan 19, 2021 at 05:17
ElliotCooke posted:All of the things you have mentioned are certainly a must to check. I would add to this checking if your strategy is aligned with your broker, because then only you can benefit from the broker which you are using.
First check the regulations of the broker. The broker needs to be regulated and licensed. Then check the facilities they are providing like spreads, leverage, margin, deposit and withdrawal facilities and customer support.
Mitglied seit Sep 30, 2020
28 Posts
Jan 19, 2021 at 08:15
A broker will not guarantee your success; it is your intellect and wit which help you to gain success in the markets because a broker is just a platform for trading, but the actual control is in the hands of the trader.
Mitglied seit Oct 01, 2020
49 Posts
Jan 19, 2021 at 09:30
russellgutierrez posted:The spreads and the leverage for me is very important as a trader. So I chose the brokers FXTM and Fxview because they fulfil both of the parameters. Now this does not mean that other brokers are bad or not good but they are not meant for me because they don’t have the requirements which I need.ElliotCooke posted:All of the things you have mentioned are certainly a must to check. I would add to this checking if your strategy is aligned with your broker, because then only you can benefit from the broker which you are using.
First check the regulations of the broker. The broker needs to be regulated and licensed. Then check the facilities they are providing like spreads, leverage, margin, deposit and withdrawal facilities and customer support.
Mitglied seit Oct 05, 2020
30 Posts
Jan 20, 2021 at 11:41
Lorencecolling posted:Brokers are very important for your strategy; it is an integral part and you can try out as many as possible using demo trading. It will help you to learn about the interface and help to incorporate many other trading skills.russellgutierrez posted:The spreads and the leverage for me is very important as a trader. So I chose the brokers FXTM and Fxview because they fulfil both of the parameters. Now this does not mean that other brokers are bad or not good but they are not meant for me because they don’t have the requirements which I need.ElliotCooke posted:All of the things you have mentioned are certainly a must to check. I would add to this checking if your strategy is aligned with your broker, because then only you can benefit from the broker which you are using.
First check the regulations of the broker. The broker needs to be regulated and licensed. Then check the facilities they are providing like spreads, leverage, margin, deposit and withdrawal facilities and customer support.
Mitglied seit Jun 03, 2020
56 Posts
Jan 21, 2021 at 05:30
I am a day trader who constantly trades using automated trading scripts. These can be made with knowledge of the MQL language which is a proprietary language of MT4 trading platform. So I always use brokers that offer MT4, like Oanda, Fxview, IG etc.
Mitglied seit Oct 01, 2020
49 Posts
Jan 21, 2021 at 11:00
russellgutierrez posted:MT4 fan here as well :)
I am a day trader who constantly trades using automated trading scripts. These can be made with knowledge of the MQL language which is a proprietary language of MT4 trading platform. So I always use brokers that offer MT4, like Oanda, Fxview, IG etc.
Mitglied seit Jul 19, 2020
318 Posts
Jan 28, 2021 at 18:02
There is no secret in this market. You need to make a good and profitable planto make momney from this market.
