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Posts by Josuvaphilip

What safety measure I need to take before choosing any forex broker? In Experienced Traders Jan 05 at 12:57
[quote]Marshalsam877 posted: I think the most important thing to look at is the reputation of the broker. In my opinion you should only trade with big guns such as interactive brokers or schwab.[/quote] What about their big trading fees, I feel they aren't suitable for all kinds of traders, especially the new ones who would be better off with a broker that requires low deposits and offers a simpler interface.
What safety measure I need to take before choosing any forex broker? In Experienced Traders Dec 21 2020 at 12:14
[quote]Jakemark posted: Try using regulated brokers that are good with their services. Make sure you make all the inquiries and see if the trading conditions are upto the mark. Don’t settle for less than what you need as a trader.[/quote] I agree. I'm currently using Fxview and the trading conditions are acceptable. The spreads are low and the commissions are also reasonable.
Read This Before Investing. In General Nov 23 2020 at 06:57
For anyone who is at the beginner or intermediate level, this information is a must-read.
Leverage question. In New Traders Nov 20 2020 at 11:26
Having a solid risk management tool is a must. Before you use leverage you must define your stop loss levels. Know when to enter and exit a trade and always stick to it. Your trade size should depend more on your volume of trade. I always trade micro lots, be it on etoro, cityindex or fxview (my 3 brokers) because at this time in my life I can’t afford to risk a lot. That it's a part time thing for me, adding more money to my main income, don't want trading to become a burden instead of asset and start eating up my money rather than give.
Trading in lower timeframes In General Nov 20 2020 at 06:38
It’s difficult to trade in the lower time frames because the market is more volatile in this case.
Forex Mentor In General Nov 20 2020 at 06:12
For me, it is better to learn Forex trading from someone instead of reading books. You will definitely get a better understanding.
MT4 or MT5 In General Nov 19 2020 at 05:46
I think MT4 is more useful for Forex traders in comparison to MT5. It is easy to customize and the only difference I see between the two is the number of instruments.
Analysis on EUR/USD or USD/GBP? In New Traders Nov 10 2020 at 12:05
With bearish Euro and bullish dollar, I can just see the outlook very jaded, especially if the support value of 1.16 breaks. I have closed all my open positions with this pair, except the one which is a small amount with fxview, just in case my theories take a hit for the good. But really, as per all my calculations and news updates on bloomberg, Ig, i don’t see that happening.
Introduce My self In New Traders Nov 09 2020 at 13:08
Forex trading can be really complicated. It’s amazing that there are so many traders who want to help each other out.
Low-Medium risk: <15 bots / Max DD< 25% In Trading Systems Nov 09 2020 at 12:48
That’s how a real traders graph looks like. I don’t expect profits all the time. But still, try my best not to lose money.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.