Mar 05 2021 at 09:34
Halexpark899 posted:Oh yeah, I already use autochartist. It’s sweet.
@harshalgibbs I do, on xm. If you like ichimoku, you would probably also like autochartist. You’d find autochartist for free on Instaforex and IC Markets.
Mar 06 2021 at 03:58
Instaforex is really good. It has a wide range of currency pairs for investment. And order execution is real time.
Mar 09 2021 at 09:33
Halexpark899 posted:I guess every broker has some perks. Like fxview for example, has real good execution time. I think we’re diverging though lol. What about that autochartist?
Fxview is good but Instaforex is really good. It has a wide range of currency pairs for investment. And order execution is real time.
Mar 09 2021 at 10:29
i use depending on the instrument and the time. i can sometime trade on 10 lots with 500X leverage or sometme 0.01 lots..
Mar 10 2021 at 04:38
@Harshal From the horse’s mouth - it works swell for alerts and zoning in the chart patterns. I have been using it on MT5 from quite a bit now, but now that I am getting experimental and planning on trying the demos for other trading platforms, I will have to change my first preference of indicator
Mar 15 2021 at 12:49
how is it with fxtm, does it offer autochartist for free? @Max
Mar 17 2021 at 05:42
Collingwood112 posted:I keep struggling to figure out the technical analysis part and I’ve been trying to get better at it. Was recently looking at some fibonacci retracement on MT4. Anyway, are you getting it for free with your brokers?Halexpark899 posted:Yeah it is available with some brokers for free. The chart pattern recognition and alert system is useful. Gives me some clarity with support, resistance levels and price forecasts.
@harshalgibbs I do, on xm. If you like ichimoku, you would probably also like autochartist. You’d find autochartist for free on Instaforex and IC Markets.
Mar 25 2021 at 10:07
The only rule that I follow when trading forex is not to risk more than 1-2% of my account size per trade. As far as using leverage is concerned, it depends on how much you are comfortable with.
Mar 26 2021 at 10:43
Trading is not just about tools and measurements. It's a lot about understanding the crowd mentality to work with your account in a way that you can minimise your losses. So, while determining the right position size, you better consider your risk tolerance and the size of the account.
Mar 27 2021 at 06:18
I try to maintain low levels of leverage and none of my trades are complete without the use of trailing stops as it reduces the downside and protects capital. I am a conservative trader and I don’t use brokers other than xm and octafx and never use leverage more than 1:5. I know there is a lot more that I need to do but sooner or later, I’ll get there.
Mar 30 2021 at 10:31
Choosing trade size and leverage to use in forex relies upon the capital in your account and trading experience. It relies upon your position measuring as well. A demo account can help you if you aren't sure about what you are doing. Popular FX trading sites offer demo accounts that can help decide the right path through practice with virtual money.
Apr 03 2021 at 04:16
I think you should first look at how much capital you have in your account and how much are you willing to trade.
There is no particular trade size and leverage that everyone can use. It totally depends on your capital and on your willingness to risk.
It depends on your capital size, risk tolerance ability and your skills to make money. But usually it's been said that don't risk more than 2% in a trade.
Oct 05 2021 at 07:34
Yes, this question is somehow meaningless. It depend on the type of product and the time of span you investing
Oct 14 2021 at 04:58
My trade size depends on the risk I am willing to take. On the other hand, I like to keep my leverage low because of the risks associated with it.
Oct 18 2021 at 10:47
Leverage can do wonders to your trading if used mindfully. Although fxview offers leverage upto 500x but still I prefer using upto 200x. Better use it carefully, you'll be risking a lot the higher you go. also, best if the broker has negative balance protection.
I honestly don' think anything north of 1:500 is every needed. If used correctly and with caution it can be very useful but most use it to practice horrific risk management and get slapped for doing so.
If you can't spot the liquidity then you are the liquidity.
The higher the leverage the better but you have to follow proper risk management. I don't see the point of using lower leverage because the lower it is, the lower is the number of trades you can open at the same time. With a swing trader like me and trading majors and minors, I have a couple of trades open simultaneously.
Learn proper risk management. Once you do, leverage won't really matter.
Learn proper risk management. Once you do, leverage won't really matter.
Trading is a marathon, not a sprint.
