bardachok's Posts - Page 5

Systems Vs Signal Providers in General May 15, 2024 at 13:24

I think brokers can be different. I would recommend to make sure that you are on the same platform with signal provider to avoid excessive latency. For example I pick signal vendors who works only on HFM because I trade with this broker.

holleo in General May 14, 2024 at 19:17

For a trading novice, the first step is to prioritize education. Start by learning the fundamentals of forex trading, including terminology, market dynamics, and basic trading strategies. There are plenty of online resources, courses, and books available to help you get started. Once you have a foundational understanding, open a demo trading account to practice executing trades without risking real money. Use this opportunity to familiarize yourself with trading platforms, test different strategies, and build confidence in your abilities.

How to detect pinbar candles (reversal) before candle closure in Experienced Traders May 14, 2024 at 18:52

To anticipate potential rejection candles like pin bars before their closure, you can use leading indicators such as the Relative Strength Index (RSI) or the Stochastic Oscillator in combination with price action analysis. These indicators can provide insights into overbought or oversold conditions, helping you gauge the likelihood of a reversal. Additionally, consider incorporating volume analysis, as spikes in volume during price rejections can validate the strength of the reversal signal. Experiment with different indicators and combinations to find what works best for your strategy and imp...

AI Forex Trading in General May 14, 2024 at 12:31

While AI has shown promise in various fields, including forex trading, it's important to recognize that trading always involves risks. AI can indeed enhance trading strategies, providing opportunities for potentially higher profits and lower risks through advanced data analysis and automation. However, successful trading still requires careful strategy development, ongoing monitoring, and adaptability to market conditions. AI can be a valuable tool, but it's not a guaranteed pathway to low-risk, high-reward trading.

How to become emotionless in forex? in General May 03, 2024 at 06:33

Yeah I also think that's the only solution others inevitably involve emotional response especially when trading is carried out using high leverage.

Golden Rules to Make Profits in General Apr 28, 2024 at 10:29

To consistently make profits in trading, prioritize risk management by limiting capital exposure per trade and using stop-loss orders. Develop and stick to a well-defined trading strategy, continuously educate yourself, and maintain discipline to avoid emotional decision-making. Regularly review your performance, adapt your approach as needed, and stay patient, waiting for high-probability opportunities to arise.

EURUSD 4H in Experienced Traders Apr 27, 2024 at 18:51

Really great entry, could you send as more examples of your analysis and trades made according to your predictions? what's your outlook on the pair for the next week?

myfxbook publisher EA? in General Apr 27, 2024 at 18:00

When switching to a new VPS and logging in with the same MT5 account, the myfxbook publisher EA should continue updating the existing account's portfolio rather than creating a new one. The myfxbook publisher EA is typically tied to a specific trading account and collects data from that account to update the myfxbook portfolio. As long as you log in with the same MT5 account credentials, the EA should continue to update the existing portfolio with your trading activity. However, it's always a good idea to double-check settings and configurations after migrating to a new VPS to ensure p...

IS DAY TRADING GAMBLING? in General Apr 27, 2024 at 15:20

Day trading can share similarities with gambling if approached without a solid strategy, proper risk management, or understanding of market dynamics. However, unlike gambling, day trading involves analyzing market trends, utilizing technical and fundamental analysis, and making informed decisions based on probabilities rather than chance alone. Success in day trading often requires skill, discipline, and continuous learning, distinguishing it from pure gambling.

Profit / loss analysis and trading talks in General Apr 03, 2024 at 09:37

Can you explain how to draw similar charts and construct price outlook? Is there any theory apart from intuition?

Stop Loss Hunting: The Invisible Battle in Day Trading Markets in Experienced Traders Apr 03, 2024 at 09:00

To avoid stop-loss hunting, traders can use discretionary stop-loss orders or adjust stop-loss levels to less obvious points beyond major support or resistance levels. Additionally, they can consider diversifying brokers or using multiple accounts to minimize the impact of potential stop-loss hunting by individual market participants.

Broker for NFP in General Apr 03, 2024 at 08:39

You can try HFM or Exness they have decent execution during increased volatility and overall market activity which often occur during news releases

How to Choose Memecoins in Crypto Mar 24, 2024 at 18:45

I prefer to trade crypto using CFD because I eliminate exchange risk. I still do consider exchanges as unreliable because of abrupt changes in regulations, better to keep money in FX brokers which are safe in terms of regulations, like HFM, Exness or IB and trade crypto through them

Market manipulation? in General Mar 24, 2024 at 18:35

Market manipulation refers to deliberate attempts to interfere with the natural supply and demand dynamics of financial markets for the purpose of influencing prices or misleading market participants. This can include spreading false information, engaging in deceptive trading practices, or coordinating efforts to artificially inflate or deflate prices. Regulators closely monitor markets to detect and prevent manipulation, as it undermines market integrity and fairness.

Profit / loss analysis and trading talks in General Mar 24, 2024 at 17:47

Profit/loss analysis involves evaluating the financial outcomes of trades or investment decisions. It assesses the profitability of individual trades, trading strategies, or overall investment portfolios by comparing realized gains or losses against initial investment or capital. This analysis provides insights into the effectiveness of trading strategies, risk management practices, and helps traders and investors make informed decisions to improve performance over time.

Cryptocurrency in Forex Trading. What are its ups and downs? in General Mar 12, 2024 at 09:56

Trading cryptocurrency pairs and converting to fiat currencies can offer opportunities for high volatility and potential gains, but it comes with risks due to market unpredictability and regulatory uncertainties. While it provides accessibility to markets 24/7 and diversification options for portfolios, traders must exercise caution and implement robust risk management strategies to navigate the volatile nature of cryptocurrency markets and potential security vulnerabilities.

How do the banks affect the forex at news events? in General Mar 12, 2024 at 09:08

Banks play a significant role in the forex market during news events through their participation in currency trading and market-making activities. When important news is released, such as economic data or central bank announcements, banks often adjust their trading positions to capitalize on market movements. Additionally, banks may provide liquidity to the market by facilitating trades for their clients or acting as counterparties in transactions.

Share CFD question in New Traders Feb 29, 2024 at 19:13

Stop losses and take profits typically do not work during after-hours trading for most brokers offering share CFDs. This is because after-hours trading often has lower liquidity and wider spreads, making it difficult for orders to execute at specific prices. It's essential to carefully consider this limitation and adjust your risk management strategy accordingly, perhaps by closely monitoring your positions or using other risk mitigation techniques during after-hours trading.

How to earn more? Real advice from experienced traders. in Experienced Traders Feb 26, 2024 at 18:22

To earn more in forex trading, focus on mastering a few high-probability trading strategies rather than spreading yourself too thin. Additionally, prioritize risk management to protect your capital and avoid emotional decision-making. Continuously educate yourself, stay disciplined, and adapt to changing market conditions to increase your chances of long-term success.

How to succeed as newbie in forex trading. in New Traders Feb 26, 2024 at 18:05

As a forex trader, my preference between scalping and swing trading would depend on various factors, including market conditions, personal trading style, and risk tolerance.Scalping involves making frequent trades with small profit targets over short time frames, requiring intense focus and quick decision-making. It can be suitable for traders who thrive in fast-paced environments and can effectively manage risk.

EURUSD	1.15072	GBPUSD	1.34636	AUDUSD	0.64992
USDJPY	144.933	USDCAD	1.36651	USDCHF	0.81736

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Posts by bardachok