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salamibrish
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Posts by
salamibrish
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ECN with and without commissions.
in
New Traders
Mar 10, 2021 at 11:58
Well I wouldn’t go for a managed account. Wouldn’t you be worried that someone else won’t pay much attention to you making money as much as you would?
What is fast forex scalping?
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General
Mar 09, 2021 at 10:34
No doubt having an exit strategy is so important. Who’d deny one large loss can nullify the small gains, which a trader worked hard to put in the bank.
High leverage = High risk?
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New Traders
Mar 03, 2021 at 12:28
High leverage can be useful but only if used correctly. New traders often feel like taking the opportunity to open larger positions to get bigger and faster results from their trades using high leverage. But if the position doesn’t play out the way it was expected, a larger loss occurs resulting in less margin for the next trade.
ECN with and without commissions.
in
New Traders
Mar 01, 2021 at 11:49
Y’all can take him off my back anytime you want lol he knows trading but that boy is uptight!
ECN with and without commissions.
in
New Traders
Feb 26, 2021 at 11:47
My previous I was in a fairly similar frame of mind but my cousin who’s been a trader all his adult life had a few off-shore accounts and he even has a portfolio in Japanese stocks?! I mean Japan FFS. So yeah, I just figured if he can trade on NIKKEI, I can at least invest in major currency pairs on a regular off-shore broker! And Fxview is regulated by FCA and Cysec besides others so I was good man. I think I must have saved like $200 on spreads alone from the time I’ve been with them. And then of course on taxes too!
ECN with and without commissions.
in
New Traders
Feb 24, 2021 at 11:53
They charge a dollar per side which is low/medium-low I guess. You know there are brokers that don’t charge anything for commissions so that’s like the lowest but spreads are another story with them. Or there are some other conditions, like with IB (my other broker) I have got to make trades worth at least $10k or else there’s no commission-free thing going there, and also it’s important to maintain a balance of $25k. Fxview on the other hand is easy on these bits.
ECN with and without commissions.
in
New Traders
Feb 23, 2021 at 11:46
It says 0 pips on their website but that’s just where it starts. In actual terms it can get higher but it doesn’t really get higher than 0.5 pips. I do make sure though that I don’t trade in dull times when spreads everywhere can get somewhat crazy.
What is fast forex scalping?
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General
Feb 19, 2021 at 03:45
@constancewatts I don’t think so! If I use fxview for swing trading instead of IB, my profits wion't be any different.
What is fast forex scalping?
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General
Feb 16, 2021 at 10:34
The best thing about scalping is that it is indeed “fast”. Fast trading, fast profits, a lot of excitement, and not to forget, the regular profits. It is like a mini saving outlet I have with Fxview because of my scalp profits. With my other trading account that I have with IB, I have to wait for so long (it’s completely automated) to see money trickle in, and the difference in the amount that I get from swing trading and scalping is hardly any big. I am planning on becoming a full time scalper now!
High leverage = High risk?
in
New Traders
Feb 16, 2021 at 10:04
@Eric ideally, you shouldn’t risk more than 1 or 2% of your trade. It also depends upon the trading style of a person and how much they’re willing to risk. For example, I trade with IB and Fxview and my risk management is such that I don’t go beyond risking 2% of it. This helps me maintain a balance and minimises potential losses too.
ECN with and without commissions.
in
New Traders
Feb 10, 2021 at 10:03
Flexibility is the key to winning because if we are flexible enough we can earn a lot of good money. I was scalping because the markets were not that good. So there are many brokers in the market but for me the most suitable broker is Fxview due to low spreads. When the markets were moving again I came to position trading through IB because of its good analytical tools. So you cannot always trust one strategy. The brokers charge their fees because they provide us services.
What should be the risk percentage?
in
General
Feb 10, 2021 at 09:52
Well no, that entirely depends on your comfort as a trader to bear the loss. See, the 1% rule can be twisted depending on your account size and the market. You simply need to set a percentage that you’re comfortable playing and risking around with. Once done, all you have to do is calculate your trade’s position size depending on the entry price and stop loss.
Additional Statistics to Track
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Suggestion Box
Jan 29, 2021 at 10:13
Yes, additional stats can really be a big help for traders. Thanks for bringing this up.
takeiteasy
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Trading Systems
Jan 29, 2021 at 10:10
That’s great and your system reflects it very well. Good luck to you.
Translations
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Suggestion Box
Jan 28, 2021 at 10:01
That is a really good idea and I think this should even be encouraged and maybe even executed. Would be a great help to non-English speakers.
DavidoffLim
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Trading Systems
Jan 27, 2021 at 10:44
The system looks profitable and I hope you keep getting such amazing results on it. Good luck to you.
Unnecessary trade
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General
Jan 25, 2021 at 07:57
A lot of newbies think that overtrading would help them recover their losses. They must understand that nothing like that would ever happen. That’s what you learn with experience. The more experience you make, the better the trader you become.
buy and sell cycle
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Trading Systems
Jan 25, 2021 at 07:56
I don’t think that we should forget that demo trading is not live trading. If a strategy works well on your demo account doesn’t guarantee that it will work well on your live account also. You must be prepared for even the opposite because it is the forex market and anything can happen.
Best Trader
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Trading Systems
Jan 25, 2021 at 06:43
Your EA looks amazing. A 1344.92% gain is really good. I was also working on some strategies these past few days and I’m trying to understand how price action actually works. I also use 1:200 leverage like you did and I can’t really risk more than that. As far as brokers are concerned, I like to go with Etoro, XM and Fxview for their stable platforms and suitable trading conditions.
NewSystem
in
Trading Systems
Jan 06, 2021 at 09:10
You might be doing something extraordinary because that’s why your graph looks like this. You are also taking care of the leverage and not using a lot of it. That’s the best part of your trading system.
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