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Help with MT4
v
Noví obchodníci
Sep 17, 2020 at 07:13
To partially close the order on MT4, please follow the steps:1)Double click on the order (or Right click > “Close”)For example, You have a 0.1 lot trade, and want to close half position (0.5 of the 0.1 lots for profit) and let the other 0.5 lot remain.2)Change the amount of your position in volume section. 3)Click Close
Forex Tips
v
Noví obchodníci
Sep 16, 2020 at 08:57
yes, there is no shortcut to be successful. One has to gain knowledge and practice
What leverage do you all use?
v
Noví obchodníci
Sep 15, 2020 at 07:54
I use a maximum leverage of 200X as it is a double edged sword which needs to be used wisely
a good trading strategy
v
Noví obchodníci
Sep 14, 2020 at 11:30
I find scalping good for earning small profits
Time and pracrtice.
v
Noví obchodníci
Sep 11, 2020 at 07:58
time, patience and hard work is all you need
Trade discipline
v
Noví obchodníci
Sep 10, 2020 at 09:10
The 10 golden rules of forex trading1. Avoid forex trading software that claims to guarantee returns2. Always use a demo trading account3. Forex trading can be highly stressful – avoid emotional trading4. Invest in a solid forex education5. You can learn to trade forex successfully6. Manage your forex capital wisely7. Manage your investment-per-trade wisely8. Use common sense9. Ensure you use risk protection strategies at all times10. Be especially cautious about overextending yourself with leverage
Broker
v
Obecné
Sep 09, 2020 at 12:30
You can choose IC markets,Fxpro,HYCM. But make sure to check the trading conditions on demo account before going live with any broker
Is demo trading enough before real account?
v
Noví obchodníci
Aug 31, 2020 at 08:48
Demo accounts are the replica of live account and are used for the purpose of learning the platform and testing the strategies, EAs. However, the forex market is unpredictable. It is not 100% that if you are making profits on demo account, you are gonna make the same profits on live account. In live account, you will be using your own money so one has to be more cautious while placing the trades.
Patience is best tool to get success
v
Noví obchodníci
Aug 13, 2020 at 05:21
One should have a control over the emotions while investing money. You need to have patience so that you can make wise decisions and earn well.
Knowldge is important
v
Noví obchodníci
Aug 06, 2020 at 08:33
I completely agree knowledge is very important. However, practicing your knowledge is also important. I believe whatever you read or learn practise the same on demo account for better understanding
7 Benefits of using stoplosses
v
Obecné
Jul 14, 2020 at 11:32
Stop Loss advantagesOffers protection from excessive lossesEnables better control of your accountHelps monitor multiple dealsExecuted automatically, at any timeEasy to implementAllows you to decide what amount you are willing to risk
Bonus and Brokers
v
Obecné
Jul 09, 2020 at 08:19
I think taking bonus involves more risk as with many brokers we can only trade with bonus. We cannot withdraw the bonus and we risk our capital more in that case by trading more with the help pg bonus.
Newcomers and demo trading
v
Obecné
Jul 01, 2020 at 07:22
I believe demo is only profitable if one takes it as serious as while trading on live account. You should have keep in mind the risk of losing money while trading on demo accounts as well.
using leverage
v
Obecné
Jun 25, 2020 at 08:27
Leverage is a double-edged sword, as real leverage has the potential to enlarge your profits or losses by the same magnitude. The greater the amount of leverage on the capital you apply, the higher the risk that you will assume. Note that this risk is not necessarily related to margin-based leverage although it can influence if a trader is not careful.
Awesome !!
v
Obecné
Jun 15, 2020 at 11:01
I agree. Learning a lot of this forum which is actually help me alot while trading forex
Stop Loss Importance
v
Obecné
Jun 10, 2020 at 12:00
Stop-loss is useful tool for almost all currency trading strategies as it can be attached to both long and short trade positions. No matter how closely one might try to monitor the market, it is impossible to accurately predict Forex market movements. Every day comes with changes that have significant impact on the market, such as global politics, central banks’ actions, and economic events. Many global factors can cause major shifts in the trend of currencies at the snap of a finger. As such, even the savviest trader can find themselves on the adverse side of a market move. When severe ...
How to choose a regulated forex broker?
v
Obecné
May 29, 2020 at 08:37
Choosing a right broker is very important in forex market as it is a decentralised market. While choosing a broker, we must check the broker is A book or B book.So, I personally think one should STP brokers. After checking the broker type, the most important thing to be checked is the Spreads broker is providing along with the commission charged on the trades. We should look for a broker who provides raw spreads along with ULTRA LOW commission as it is the rare combination available and are the best kind of brokers.
Forex is profitable ?
v
Obecné
Feb 13, 2019 at 07:34
Forex is profitable as long as you are using the right strategies to place the trade. You must be completely aware of all the terminologies before placing trades in the live environment. The leverage, spreads should be kept in consideration before placing any trade. The best option to learn about the forex market is to place as much trades as you can on the demo account so that you can become familiar to market conditions, its liquidity, and volatility. Choosing a right broker also plays an important role in forex as the money makers make money when the traders lose, so in order to earn more p...
Demo trading
v
Noví obchodníci
Jan 21, 2019 at 08:16
Yes, I agree with your approach. A trader must trade in demo account because though it is a virtual thing, it prepares for the real forex market. The demo account is very helpful if you trade thinking the money you have in this account is real. In order to avoid loss, we must trade in a demo account to learn about the trading styles and strategies. With the demo account, we can learn about making profit and losses by setting different leverage, SL/TP, margins. You get to know about spreads, broker’s commission, swap charges on different instruments. You are able to get the scenario of a ...
How to choose good VPS?
v
Obecné
Jan 21, 2019 at 08:16
You must consider these factors while choosing a VPS for you1) RAM AND STORAGE: An effective VPS host requires at least 4 GB of RAM and solid storage to provide efficient VPS to traders.2) SUPPORT: Your VPS host needs to have a 24/7 support system. It can be via live chat, calling or ticketing system.3) AFFORDABILITY, HOSTING PERFORMANCE AND RELIABILITY: Pricing is also an important factor to decide the VPS host as per your needs. Reliability signifies the creditability of the VPS provider in the market. Reviews about VPS providers can also help you to check their hosting performance and deci...
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