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Lorencecolling
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Posts by
Lorencecolling
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Matatrader 5 vs Forex Trendy
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General
Mar 03, 2021 at 11:27
MT4 and MT5 will be the first preference of many of the traders because it is the oldest yet the most popular trading platform. The upgraded version of MT4 has inbuilt trading robots which helps in making strategies so much better. I was using MT4 first on both my brokers Fxview and XM but now have shifted to MT5. A good change!
Whats your opinion on the most important aspects of a trading system
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Experienced Traders
Mar 03, 2021 at 10:52
Absolutely correct. Things done with a plan give better results. It also helps you in managing your time and money. It helps you to grow.
Matatrader 5 vs Forex Trendy
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General
Mar 02, 2021 at 11:22
I haven’t used Forex Trendy till now but I have read a little about it when I was looking for brokers.
My concern on lot commissions
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New Traders
Mar 01, 2021 at 09:58
Some newbies only look at profits which is not at all a good thing to begin with. Focusing on developing new skills and learning new things about forex is the way to go. Just looking at profits and money can be dangerous for them.
My concern on lot commissions
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New Traders
Feb 12, 2021 at 12:31
I’ve been using some low commission brokers for my trades which includes Fxtm, Fxpro and Fxview. The spreads are also pretty tight on these. So it’s a win-win for me. Otherwise I have seen that brokers with low commission give not-so-appealing spreads.
Most people fail because
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General
Jan 19, 2021 at 09:33
There are instances when there are failures due to trader’s own negligence but they learn from those mistakes. Planning can reduce the risk but it’s not a sure thing that every trade goes according to the strategy.
In trading everyone should have some rules
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General
Jan 16, 2021 at 12:54
Many novice traders think that the brokers are the key to profit but that is not the case. When I read about the trading experiences of the other traders from social trading brokers such as etoro I made rules from their experience, because I didn't want to make the same mistakes. I made a solid trading plan which I use for trading on fxview now. I follow everything to the T - entry, exit, stop loss, profits, etc.
Steps to Mental Success in Trading
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New Traders
Jan 15, 2021 at 13:10
I’m not so sure about Oanda since I haven’t used them. I have some experience with Fxtm, Fxview, fxpro. I think it is more about the platform choice than the broker. I mean I am so comfortable with MT4 that I won’t look at any other platform, even for their so-called additional features. You’re right to go with demos first. It’s always better to experience an interface first hand.
Can withdrawals be processed in less than a day?
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New Traders
Jan 14, 2021 at 12:48
3 days is standard time that most brokers take. I doubt you’ll find any which will make this process faster. Your bank will also take its own sweet time.
How true is High leverage = High risk?
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New Traders
Dec 03, 2020 at 10:46
it’s not my bank account password you are asking for so I am all in for sharing my experiences :)I am more into intuitions and instincts so don’t use them much. Besides not operating all calculators (commissions, margins, pip values, swap, profit/loss, fibonacci, position sizes, pivot points) I rarely use autochartist on fxview for real time updates when I have my eyes glued to the screen.Fine tuning my strategies is my only strategy to more successful trades (about 70%).
Experiences with regulated firms
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New Traders
Dec 03, 2020 at 10:44
The forex regulation in europe comes under the guidelines of MiFID, hence all the EU members follow the same set of rules and regulations. I have been using Fxview for the last few years, BTW its Cysec regulated and my experience with them has been smooth till now. I have tried other brokers also, regulated in different EU countries and with none of them I found any issue. In short, if you are looking for a new broker always go for a regulated one.
How true is High leverage = High risk?
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New Traders
Nov 26, 2020 at 13:24
another sharp point is your size of contract. It can be easily increased or lowered. Your trade location might be an influential factor with margin requirements and hence the max leverage. Most intermediate traders (include me too!) prefer a lower bet size and for that purpose, Metatrader 4 comes into picture as it allows that. When I was into the process of transitioning to Fxview, I cancelled out a few shady brokers and preferred to go with regulated ones that also allowed support for MT4 and other trading platforms. Fxpro was my closest choice to catch up with MT5 and cTrader.I just narrowe...
How true is High leverage = High risk?
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New Traders
Nov 25, 2020 at 11:57
I’m a stickler when it comes to using pnl. Never have, never will trade without properly scrutinizing the potential losses and profits in every trade, no matter worth a lot of money or small.
Trend Trading.
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General
Nov 23, 2020 at 06:18
Your strategy has the biggest role to play in your earnings in the forex market. Without the right strategy, you can’t go far.
How true is High leverage = High risk?
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New Traders
Nov 20, 2020 at 06:29
It doesn’t need to, they simply don’t allow short selling. But sadly there’s no forex option there. So I had to make an account with Fxview. Zeroed in on this one cause of the wider currency options. And ya, they very clearly offer negative protection.
Forex Amount
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General
Nov 20, 2020 at 06:04
You better start small. It is the only way that will save you from potential risks.
Complete Trading Life
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General
Nov 19, 2020 at 05:41
It feels good to be a trader. Last year, I left my job just to be able to pursue the career full-time.
What is your favorite leverage?
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General
Nov 11, 2020 at 04:11
I also use high leverage with USDCAD, AUDUSD (though this was worst) on my three different accounts with InstaForex, Fxview and ICM. Prefer USDCAD as a major currency pair for its comparatively low volatility.
Newbie ans strategy
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New Traders
Nov 10, 2020 at 10:53
More beginners think that forex trading is easy money. But it is not in reality. You have to put a lot of effort to make money.
League Of Transparent Traders
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Experienced Traders
Nov 09, 2020 at 12:51
I am looking for a mentor who can help me build my strategy and make me capable of making my own trading decisions.
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