Draggyr's Posts | Myfxbook

Forex Signals in Experienced Traders Mar 16, 2022 at 20:13

Even if signals are thorough enough to encompass all the necessary elements from entry to exit including risk, it still omits the most important: following someone’s signal is adopting her belief system, formalised in a trading system. Example: as a professional short seller, i am naturally risk adverse (prudent position sizing) but disciplined (take the trade, follow the system). This philosophical tenet transpires in my algorithms. This may not jive with someone who likes big high conviction bets. When You follow someone else’s system, remember that you half heartedly embrace som...

FxPro in Brokers Feb 10, 2022 at 04:43

I started trading on FXpro for cTrader terminal, I wanted to try something new. I used MT4 before, but I had no luck with the execution because I was always having some lags and freezes. My friend told me about cTrader and I thought I would try it one last time. I finally understood that I was agonizing rather than trading on the other terminal. I was completely satisfied with the company, except for long withdrawal requests. In other respects, I was 99% satisfied.l heard about FXPro Quant which allows you to create advisors right on the desktop, but for now I can clearly see that cBots can do...

Trading in lower timeframes in General Jan 13, 2022 at 20:48

I always think that trsding lower timeframes can bring much more profits, however there are some traders, or investrs who can earn solid sums of money due to trading on W1 timeframes and higher. Everything here depends on your skills and the general wishes. If you were dreaming about becoming a good investor, then perhaps it won't be difficult for you to trade higher timeframes and earn good sums of money. Anyway, I got used to suppose that investing requires solid sums of money initially in order to get a good percent from your investments. That's why I prefer trading lower timeframes...

Believes. in General Jan 13, 2022 at 19:22

Well, I notice that lots of traders rely on luck and their beliefs in trading activity, while I can't claim that it's okay for a trader. Trader in my opinion should rely only on his/her personal experience, knowledge and take into consideration previous deals or mistakes which were made by him/her. Of course, people are tend to believe in something that doesn't relate to rational side, for example, luck. Luck has no rational traits, it's all about fiction, that's why it's easier to rely o it, rather than on your personal skills.Anyway, for example, it's better to se...

Emotion in Fx in New Traders Nov 25, 2021 at 10:25

As far as i concerned, according to my experience, emotions will always prevail over your mind in trading. The return effect can be reached only if you're in trading for several years of even decades, when you know this activity in details and know all the peculiarities of the market price changes. Of course, you can minimize the affection of emotions on your mind and your trading style, but it requires plenty of practicing. Try to concentrate on trading regardless your emotions, forget about them at all. It might help you to setup your organism correctly.

Help in New Traders Oct 18, 2021 at 16:24

In my opinion, if you don't have any time o dedicate to trading activity but you want to earn some extra money, then EAs aren't the best choice, because you're a rookie in trading. EAs should be used only by those traders who have a solid experience in this activity. To my mind, you would better start investin money. Forget about any scalping/intraday trading, because as you said you don't have extra time for it, but these two things imply the full-time job in order to gain progits. So you should pay attention to investing. You will need to check all your positions at least onc...

Indicators are useful but in General Jan 18, 2021 at 16:04

If you don't like it or aren't interested, then choose something else. There's no room for criticism, but it's definitely worth pursuing.

Fondex in Brokers Dec 23, 2020 at 13:01

Are there any other resources for money withdrawal besides the card?

High Profit Robot Ea in Trading Systems Oct 30, 2020 at 10:33

Modern traders are the most active and resourceful, and I tend to trust the developments of my colleagues more than some common formats, because it is people who are able to create optimal conditions for other people...

Broker for Canadians in General Sep 02, 2020 at 16:53

Now there are quite a lot of actual offers on the market.All you need to do is regulation, the whole procedure of withdrawal and possible restrictions in work (which are in any company, do not forget about it)!

Any good brokers with proper leverage / cent account for EU residents in General Jun 29, 2020 at 16:44

Yeah, well, finding something worthwhile right now isn't easy. Because despite the fact that in the Internet you can find exposures of all fraudulent transactions among brokerage companies, there are still many companies in the market that are not worthy of trust at all.Be careful and good luck finding a broker.

volatility because of oil price in General Jun 19, 2020 at 19:22

I think that the best way to prevent such situations is to follow market events, I mean fundamental analysis, because it allows you to assess when speculation or strong price hikes may occur in the market.

Favorite financial markets movies and series? in General May 30, 2020 at 15:51

I may not be unique, but I like the Wall Street Wolf.

Can you suggest me a broker with the following ... in New Traders May 26, 2020 at 17:31

I don't know if you've managed to find a broker that fits all your demands... But I agree with the commentator earlier who wrote about choosing a broker with a good reputation. I would also advise you to check your broker for a regulator, which is also very important. Sometimes we can't find a broker that will meet all our requirements. Then it is important to find a broker that you will enjoy working with, you will feel its support and that you are getting better at trading, not just it "pumping" money out of you :(

Demo trading in New Traders Apr 28, 2020 at 16:55

I also used the demo in the beginning to become a little familiar with trading and see how it all works and if I like it before making a deposit to my account. It sounds like a very useful thing to me and I'm very glad that we are given the opportunity to 'test' a broker before deciding whether it's worth your time and your money at all.It's also very smart to use demo account to test your trading systems. I'll now do the same, it'll probably help me very much to advance and not be afraid to take risks with real money.

Patience is best tool to get success in New Traders Apr 19, 2020 at 19:33

Patience is also needed when you really do not earn that much money at the start for example on your other meanings out there completely and entirely anyway. You really need to get some experience with this later if you want to get something consistent.

Do I need to be registered if I am looking an investor? in General Apr 12, 2020 at 18:33

I assume some people already replied that you need to be looking at your own potential first and only then do provide some other things like licensing and so on, everything is quite bad today absolutely, but let's hope it will be fixed like investing climat with COVID 19.

Market fluctuations are an artificial phenomenon. in General Apr 07, 2020 at 18:51

The fluctuations in the market cannot be caused by a single person or artificially as you are implying. You forst need to find out what may cause the market to fluctuate then find out in the news if those areas have reaaly been affected to the pont that they have interfered with the market.

Investing in Forex in General Mar 12, 2020 at 17:13

Forex is just like any other classic business, so you won't be able to just invest money, anyway you'll need to run it so that it starts bringing you even more money. But this is very interesting, just don't neglect the new knowledge and everything will be fine!

Forex Amount in General Feb 12, 2020 at 18:30

That could be a hundred dollars - if you know how to work - the amount is not so important. It's only important if you're counting on a specific financial result.

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Posts by Draggyr