Gavik's Posts | Myfxbook

Risk Management together with Leverage and Lot size in New Traders Jan 22, 2022 at 13:34

All traders know that the risk/reward ratio measures the difference between a trade entry point to a stop-loss and a sell or take-profit order. Comparing these two provides the ratio of profit to loss, or reward to risk. As for the calculation, then you divide your net profit (the reward) by the price of your maximum risk. For example, if you wanted to acquire some stocks and you bought them in order to wait for their prices boost up, if your stock went up to $29 per share, you would make $4 for each of your 20 shares for a total of $80. You paid $500 for it, so you would divide 80 by 500 whi...

How to trade effectively in forex? in New Traders Jan 21, 2022 at 18:22

There are no particular rules in trading effectively. The main idea of trading is to have an ability to analyze and foresee the future price movement. Actually, everything on the market is concluded in this ability. In my opinion, effective trading means making profits, so if you want to start making profits then you should learn and practice a lot. You can consider trading as your primary occupation, because if we count the time which you should devote to trading, then it comes to classic working schedule. Of course, here nobody makes you follow this schedult, but discipline matters here as w...

Is forex is best source of income? in New Traders Jan 20, 2022 at 20:40

It's considered to be one of the most popular source of income I guess. There are many other ways how to earn money online, however forex is hyped and there is plenty of buzz around it. Anyway, it's considered to be one of the most popular mainly becauyse all people can learn how to trade on forex. The vast majority of other activties requires some knowledge, while forex trading can be learnt even if you have never faced this type of activity earlier. In my opinion, in this case, forex trading might be considered as the best source of income, but remember that there is no fast income o...

HYCM in Brokers Dec 26, 2021 at 05:33

To be honest, I do not know about the possibility of passive investing with this broker. HYCM is a CFD and Forex trading broker. But I can advise you to trade ETF with the HYCM broker on the MT5 trading platform. This is a safe investment.

Does bitcoin still holds stronger than stocks? in Crypto Nov 12, 2021 at 11:29

Bitcoin nowadays shows a great increasement, however every trader knows that this asset is very volatile, hence tomorrow for example it can fall down and traders will lose their money. If we speak about stocks, then we can state that if they fall, this tendency is connected with some particular events or just with the reaction of economy. We know, that stocks will rise in future, because there is a positive dynamic on the graphic. We can't allege the same in case of bitcoin, because it's too fluctuated. However, some traders believe that bitcoin also have a positive dynamics and you ca...

Can you leave Forex Trading? in New Traders Oct 15, 2021 at 19:34

It depends on the purposes of your leaving. If you understand that you can't handle this activity and you require relaxing, then you can quit forex for some time. After you will return, if everything would be the same bad as it was in the past, then you should leave this activity. In my opinion, traders must qisely understand whether they're susceptible to forex trading or not. Don't regret about missing opportunities it's just a waste of time. I can leave trading in case I would start to understand that I ceased to make results and profits. Then, I perhaps take a break and aft...

If you want to get success in General Sep 21, 2021 at 20:38

If you want to make decent and consistent profits from trading, the first thing you've got to do is to set up realistic goals and expectations. Don't think of forex as the source of easy money which doesn't require certain skills and knowledge. Successful trading is all about seld-discipline and constant learning. So, before coming to forex, be prepared to work hard and learn a lot.

FxPro in Brokers Sep 11, 2021 at 11:15

I like to use the MT5 trading platform. I see all the functions that I need here. I think this is the best trading software development and nothing else is needed. It has cooler functionality than in MT4. For example, market depth. It helps to have the feel of a professional stock market trader. Of course I trade CFDs and don't really have any assets. Trading with MT5 FxPro just reminds me of the Wall Street movies with Michael Douglas. It was cool to watch, and it's even cooler to participate in it now)

Are you afraid to lose your trade? in General Aug 04, 2021 at 19:49

Not only am I afraid of losing my trades, but I am also afraid of being wrong. Perhaps, that is because of the fact that I am too arrogant and don't want to be mistaken, but every time I am wrong (that implies losses because of my mistakes but not because of accidental fluctuations), I feel extremely stupid and downcast. I also don't like losing the money but I realise that losses are alright for trading and the fact that I hedge the risks, saves my deposit from destruction.

FXCC in Brokers Jun 14, 2021 at 19:59

I was looking for a forex broker with the MetaTrader4 platform, reliable and stable execution, high leverage and tight spreads for my intraday trading on fiat currency pairs. I was surprised to see the offer by FXCC in terms of a single account for all needs. The number of assets in the platform is also fine for me. The trading conditions for gold and silver made me think of coming back to trading CFDs on metals as they are quite volatile and comparatively predictable. Margin requirements are quite low here despite the volatility. I recommend FXCC.

The less complicated trading system in General Dec 10, 2020 at 15:30

Even a complex approach can be divided into parts to understand it better.And of course, practice-practice-practice. It is always useful.

Amsterdam EA in Strategies Oct 13, 2020 at 16:35

Productive system - great prospects - great profits.I already wanted to try it...

How to Avoid Forex Losses In Forex Trading? in New Traders Sep 01, 2020 at 18:35

None.Because every trader, sooner or later, makes some mistakes in analysis or faces some speculation. And it's not a big deal, the main thing is to learn how to fix it quickly and work effectively further.

Vix Volatility Trading in Trading Systems Jul 29, 2020 at 18:04

It's cool that you have a real conversation with other traders and share your observations all the time, I love not greedy traders who are ready to share their experience, knowledge, interesting positions at any moment. This inspires me!

Fondex in Brokers Jul 22, 2020 at 20:45

My experience was initially unsuccessful, as I lost my deposit because of my low level of understanding of trading. Then, I decided to try cTrader copy and study trading. Only then did I realize how little I knew about trading and how naive it was to expect me to be able to make money (I think it's the Daning Kruger effect). Now (six months later) I am still studying trading and copy-trading with the help of the broker. The truth is that trading requires great understanding and many skills.

Strategy and Forex in General Jul 22, 2020 at 18:36

There are many ready-made trading strategies on the market, both simple and quite complex and understandable only to professionals. Beginners, as a rule, begin trading using a ready-made trading strategy, and not the most complex one. However, over time, almost each of them understands that trading is truly effective only with a strategy developed personally, based on their own experience and preferences.Regardless of whether a trader creates a strategy from scratch or modifies a ready-made one, it is necessary that it suits his character and type of account.

Raw Spread or standard account? in General Jun 21, 2020 at 15:08

To be honest, raw spreads are much lower than standard or fixed spreads, but in order to use it profitably - you need to be well oriented in the market and be able to make calculations correctly, so that you can have several trades in parallel and it is safe...

AAFX Trading in Brokers Apr 28, 2020 at 19:48

My experience with aafx has started with min deposit. To be fair, I wasn't sure about broker, so my goal was just to test it. I like that the min deposit was just $100. It's affordable money to start with, I think, for all people. You can start with minimum sum to decide whether u want to trade with aafx or not. After I tested this broker, I made a decision to stay there, so I increased the depo x10.

All Quotes
AUDUSD	0.6396	USDCHF	0.90781
EURJPY	164.232	EURCHF	0.96607
EURGBP	0.85633	GBPJPY	191.768
EURUSD	1.06392	GBPUSD	1.24228
USDJPY	154.364	USDCAD	1.37737

EURUSD	1.06392	GBPUSD	1.24228
USDJPY	154.364	USDCAD	1.37737

Posts by Gavik