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ThomasNovak
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Posts by
ThomasNovak
Question about fees on leveraged trades
in
New Traders
Sep 20, 2023 at 16:07
You're right, in forex, there typically aren't fees for holding positions intraday, even with leverage. It's different from stock trading, where fees can vary.
How to read news???
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New Traders
Sep 19, 2023 at 14:06
High Impact" on your calendar means something really important is happening, so pay extra attention and be prepared! 😊
Minimum deposit
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General
Sep 11, 2023 at 13:31
Consider the system's strategy, risk level, and broker's margin requirements. Review past performance and consult your broker for specific deposit guidelines.
Leverage question.
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New Traders
Sep 07, 2023 at 04:42
Yes, higher leverage can lead to smaller lot sizes and lower commissions, but be cautious not to over-leverage and manage risk properly.Check if your position size calculator has a "save" or "preset" feature to store your preferred contract size for convenience.
Consistency
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General
Sep 05, 2023 at 18:59
Developing and backtesting a strategy over a long period can contribute to trading success. Consistency and thorough testing are key components in building a robust approach.
i am a New member
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General
Sep 04, 2023 at 12:24
If you have any questions, need guidance, or simply want to engage with fellow members, feel free to dive in. Together, we'll make this community even more fantastic!
New to the game
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New Traders
Aug 22, 2023 at 14:43
It's a good idea to test and research EAs thoroughly before using them. Look for ones with solid reviews, transparent performance data, and adaptable settings
ENTERING A TRADE
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New Traders
Aug 21, 2023 at 15:31
In Myfxbook, you don't actually enter trades directly. It's a platform for tracking and analyzing trades, not for executing them. To place trades, use your broker's trading platform. Myfxbook helps you monitor your trading performance and strategies.
Stress, anxiety and motivation.
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General
Aug 15, 2023 at 15:44
I'm motivated by the prospect of financial independence, achieving goals, and the challenge of analyzing markets to make profitable trades
Learning style
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General
Aug 07, 2023 at 12:05
Option 1, self-directed learning, can be seen as superior for several reasons. It fosters independence, adaptability, and personalized pacing. The flexibility allows learners to explore areas of interest deeply and on their own terms.
forex or crypto
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General
Aug 02, 2023 at 11:57
I personally prefer cryptocurrency over forex due to its decentralized nature, which means it operates without the control of any central authority, making it more independent and resilient. Additionally, the 24/7 market accessibility allows for continuous trading, providing greater flexibility and opportunities to capitalize on market movements at any time.
Hello there
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New Traders
Jul 10, 2023 at 14:52
Wow, 5 years in the Forex game, that's impressive! I feel you on trying all those strategies and indicators, sometimes it feels like we're just throwing spaghetti at the wall, right? But you've nailed it with the importance of clear charts and understanding where price is headed.
sentiment question
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General
Jul 10, 2023 at 14:37
Not really Ok, I am in huge debt, it sucks
trading psychology
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General
Jul 04, 2023 at 13:08
Stay flexible, expect the unexpected! In trading, be ready to adapt and adjust when things change suddenly. Embrace uncertainty and stay prepared for surprises.
What are your trading goals? and is there a need for one?
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New Traders
Jun 28, 2023 at 11:59
Trading is indeed a risky business. It's crucial to have a well-thought-out plan and an endgame for your trading account. Without realistic goals and mental preparedness, you're essentially giving your money to your broker on a silver platter. Stay educated, be mentally equipped, and brace yourself for the possibility of your goals being challenged. 😎
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