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Getting so much confused with the terms. Please, help.
Miembro desde Nov 17, 2020
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Jan 07, 2021 at 06:43
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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.
Russel Gutierrez (russellgutierrez)
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Jan 19, 2021 at 05:17
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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.
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Jan 19, 2021 at 09:30
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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.
Miembro desde Oct 05, 2020
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Jan 20, 2021 at 11:41
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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.
Russel Gutierrez (russellgutierrez)
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Jan 21, 2021 at 05:30
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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.
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Jan 21, 2021 at 11:00
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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.
Miembro desde Jul 19, 2020
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