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ele020
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ele020
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Forex is a decent business
in
General
Jun 28, 2021 at 06:45
Woohoooo!! How long did it take you to achieve this?
Becoming a scalper
in
Experienced Traders
Jun 25, 2021 at 05:02
I am currently using fxview. best spreads so far...
naked trading
in
Experienced Traders
Jun 24, 2021 at 05:27
I used quite a lot of indicators in the beginning but now i have reduced to just 1-2 indicators.
Spotting a Pull back
in
General
Jun 23, 2021 at 06:49
A pullback pattern is an ideal situation to enter a trade. checkout how to perfectly spot a pullback.
ECN + Metatrader 4 or 5 platform
in
Experienced Traders
Jun 23, 2021 at 05:11
Its funny how everyone has completely misunderstood the question. I believe the post asked what goes better with ECN account MT4 or MT5. To which I can suggest that it really doesn't matter whether you use MT4 or MT5 with an ECN account. If you are getting raw spreads starting from 0.0 pips both the platforms will provide you the same results. However the MT5 is quite advanced from mt4 and you get plenty of additional features like market depth, more indicators, more timeframes etc. So it completely depends upon the comfort of the trader, efficiency wise both will give you the same results...
Purpose of demo trading
in
General
Jun 21, 2021 at 07:11
Once you begun to understand the basic concepts, you can gradually move to live with small capital.
Purpose of demo trading
in
General
Jun 18, 2021 at 11:59
Perfect! :)
About news trading
in
General
Jun 18, 2021 at 07:05
Once thing is very important to consider while trading on news. its normal for spreads to widen during news releases. A trader should always be careful of spreads when news is released
Becoming a scalper
in
Experienced Traders
Jun 17, 2021 at 04:38
thank you for adding this point. Yes. Low commissions are also vital., its of no use if you have to pay huge chunks of commissions out of your profits. The broker I use only charges me $2 commission per 100K trading volume for both sides. Pretty helpful.
Looking for reliable ECN brokers...
in
General
Jun 16, 2021 at 04:46
Checkout fxview, I have been using them from a while now and pretty impressed with their raw ecn spreads and low commissions..
Purpose of demo trading
in
General
Jun 16, 2021 at 04:10
not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
Becoming a scalper
in
Experienced Traders
Jun 11, 2021 at 06:03
scalping needs realy tight spreads so I use a broker who offer raw spreads and at time i have seen it going as low as 0.0 pips...
Avoid predicting the markets, Rather be reactive.
in
New Traders
Jun 11, 2021 at 06:00
Follow this, understand the current market situation, stay updated with major economic events, set your risk reward ration, check for the best entry price , set SL and TP, place the trade.
Losses are a part of trading
in
General
Jun 11, 2021 at 05:56
Our goal should be to cover the loss instead of avoiding loss. We cannot completely eradicate losses from our trading. There is no such trading strategy wich will give you 100%profit. One must focus on ways to cover the loss incurred by making more winning positions.
importance of skills
in
General
Jun 11, 2021 at 05:53
trading with rush will lead to emotional decisions which are ultimately losing decisions. I completely agree with you
In trading consistency is important
in
General
Jun 11, 2021 at 05:51
Consistency, risk management, trading plan, trading strategy all go hand in hand, all the the things need to be given equal importance for a better trading habit
Different levels of leverage
in
New Traders
Jun 01, 2021 at 10:53
When it comes to leverage higher the higher is the risk of losing and higher are the chances of gaining. basically higher leverage helps you to trade more with less capital and earn more profits... I strongly believe a medium range of 50-100X is enough leverage.
Trading with borrowed money
in
General
Jun 01, 2021 at 10:41
and then you get trapped in a vicious debt trap... you take more debt to trade thinking you will be able to payoff your previously debt and earn profit for future.... which ineed never happens you are left with debt... huge debt and nothing to pay it. .
Market fluctuations are an artificial phenomenon.
in
General
May 29, 2021 at 08:23
Its strongly not artificial for sure
Broker Suggestion
in
New Traders
May 28, 2021 at 06:57
Even i am using the same broker.. I really like their tight spreads and ridiculously low commission ... M planning to give a shot to their professional account. It would be a jackpot if I am able to open one... Higher leverage with all those trading conditions... A perfect combination ..
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