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Help for newbies

vontogr (togr)
Jun 04 2018 at 14:06
posts 4862
maria_taylor posted:
Hildur posted:
I don't think the broker makes much difference. The strategy is the main thing

You are right, strategy is the main thing, but you can never ignore the importance of a good broker.


Nope.
Broker is as important as strategy.
There are many strategies working on broker A. and not working on broker B.
Moreover there are many brokers that are just taking money, withdrawing them is close to impossible.

maria_taylor
Jun 06 2018 at 09:46
posts 40
togr posted:
maria_taylor posted:
Hildur posted:
I don't think the broker makes much difference. The strategy is the main thing

You are right, strategy is the main thing, but you can never ignore the importance of a good broker.


Nope.
Broker is as important as strategy.
There are many strategies working on broker A. and not working on broker B.
Moreover there are many brokers that are just taking money, withdrawing them is close to impossible.

Yes I agree with you! You cannot plan a trading strategy without the support of a good broker and a well equipped trading platform. Infact choosing a broker which is reliable and trustworthy is one major task for forex trader. Also yes withdrawals are equally important otherwise, what’s the point to trade with a good trading strategy if some dishonest broker will take away your profits.

vontogr (togr)
Jun 06 2018 at 12:36
posts 4862
maria_taylor posted:
togr posted:
maria_taylor posted:
Hildur posted:
I don't think the broker makes much difference. The strategy is the main thing

You are right, strategy is the main thing, but you can never ignore the importance of a good broker.


Nope.
Broker is as important as strategy.
There are many strategies working on broker A. and not working on broker B.
Moreover there are many brokers that are just taking money, withdrawing them is close to impossible.

Yes I agree with you! You cannot plan a trading strategy without the support of a good broker and a well equipped trading platform. Infact choosing a broker which is reliable and trustworthy is one major task for forex trader. Also yes withdrawals are equally important otherwise, what’s the point to trade with a good trading strategy if some dishonest broker will take away your profits.


I had such experiences. SO be carefull. Do your homework, get fully verified before deposit, read forexpeacearmy.

Mohammadi
Jun 08 2018 at 09:50
posts 886
Maintaining the trading discipline is a big deal to ensure successful trading life, but how much you can maintain discipline when trading it completely depends on your knowledge and experience. so increase your trading experience and make most mature trading discipline that can make you a profitable trader.

Ifeanyichukwu
Jun 10 2018 at 06:41
posts 2
Great value you are sharing here @Vontogr. I have learnt a lot from you.

Straycat
Jun 10 2018 at 06:43
posts 12
Experience is so important in trading. So many newbies think that after a week they will be millionaires! Such naivety. It has taken me years to even start to be confident in my trading

Tiffany (TiffanyK)
Jun 20 2018 at 08:42
posts 427
Ifeanyichukwu posted:
Great value you are sharing here @Vontogr. I have learnt a lot from you.


Indeed, I am also follwing his posts Thanks!

Accept the loss as experience
maria_taylor
Jun 21 2018 at 10:47
posts 40
TiffanyK posted:
Ifeanyichukwu posted:
Great value you are sharing here @Vontogr. I have learnt a lot from you.


Indeed, I am also follwing his posts Thanks!

Vontoger is the most active and also one of the most experienced traders on this forum. And off course his posts are worth to follow.

sarahlawrence
Jul 01 2018 at 06:52
posts 20
Mohammadi posted:
Maintaining the trading discipline is a big deal to ensure successful trading life, but how much you can maintain discipline when trading it completely depends on your knowledge and experience. so increase your trading experience and make most mature trading discipline that can make you a profitable trader.
Quite right. Discipline is of paramount importance in trading.

sarahlawrence
Jul 01 2018 at 06:53
posts 20
TiffanyK posted:
Ifeanyichukwu posted:
Great value you are sharing here @Vontogr. I have learnt a lot from you.


Indeed, I am also follwing his posts Thanks!
yes his posts are very informative.

Mohammadi
Jul 10 2018 at 10:57
posts 886
Generally bookish knowledge is more appropriate for the traders who are particularly beginners , it’s all about basic information , real trader always try to depend on manual trading , it’s a part of real professionalism.

YellowStoneFX
Jul 12 2018 at 08:01
posts 10
What about EA trading? Don't many pros use that ?

ReidFX
Jul 23 2018 at 10:12
posts 7
Pros use EAs in a very different way to most retail traders. Banks have high frequency trading algos that are nothing like the EA you get on MT4

Cappucinotrader
Jul 24 2018 at 12:03
posts 10
Can a retail trader use a high frequency trading system with a mt4 ?

Tiffany (TiffanyK)
Aug 14 2018 at 14:57
posts 427
Cappucinotrader posted:
Can a retail trader use a high frequency trading system with a mt4 ?


Why not, you can install for instance an external EA that is programmed with a certain strategy. I know that sometimes brokers are offering such HFT systems, but you have to pay additionally. You also have to be well aware of the risk parameters

Accept the loss as experience
Carlos (CarlosMZ)
Aug 17 2018 at 07:39
posts 55
Cappucinotrader posted:
Can a retail trader use a high frequency trading system with a mt4 ?

Yes and no.
It all depends on your broker. If the broker allows HFT - you can do it.
If not …
Start looking for a broker that will allow it.
Usually, a broker not allowing HFT and Scalping means that they have internal system issues and their servers cannot handle the pressure and/or cannot execute them fast enough.
Either way - it's best to find a broker that allows HFT, scalping and hedging.

vontogr (togr)
Aug 17 2018 at 08:43
posts 4862
Cappucinotrader posted:
Can a retail trader use a high frequency trading system with a mt4 ?

You need 3 things
1. good HFT system
2. good technical equipment
3. good broker - try FxPig

Mohammadi
Aug 23 2018 at 11:45
posts 886
How much leverage is more appropriate for you it depend on your trading plan and money management approach . when I was a newbie I used 1:100 leverage in my live account for avoiding risk. but in my demo account I always took high leverage 1:1000 to see the performance how it works. this approach always cautious me to trade in a small balance for avoiding loss .

BookHog
Aug 24 2018 at 05:55
posts 9
togr posted:
Cappucinotrader posted:
Can a retail trader use a high frequency trading system with a mt4 ?

You need 3 things
1. good HFT system
2. good technical equipment
3. good broker - try FxPig


You know of any sources to get the technical equipment? What exactly do you need?

Mohammadi
Aug 24 2018 at 11:01
posts 886
For ensuring a flexible trading life we the traders have to make sure proper trading knowledge by learning, a reliable support from a credible trading broker , real money managing plan , risk management approach, low transaction cost , easy withdrawal system without long time process, active customer services and much more that are very supportive to lead a comfortable trading life with certainly.

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