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CharmaineDizon
zero spread brokers needed
in
Galvenais
Jun 22, 2021 at 14:37
I like Moneta Markets' ECN account. It has floating 0 pip spread with $3 commission per lot. While there are actually true zero spread accounts there (fixed 0 pip spreads), the catch there is very high fixed commission cost (around $20 per lot). Most zero spread accounts that Forex brokers offer are called ECN accounts, which have floating 0 pip spreads. This means while the spread is still floating, just like in a standard account, it is majority of the time close to zero. The good thing here is it has a lower fixed commission cost than true zero spread accounts. If you ask me which is be...
Stop Loss Importance
in
Galvenais
Jun 08, 2021 at 11:55
Stop loss is very important! I actually have no idea how traders can trade without it lol. Trading without stop loss is like a guaranteed way to throw your account! Although admittedly, it's a bit challenging to know the optimal stop loss placement because you don't want your stop loss to close our your trades unnecessarily, of course.
What is Take Profit
in
Jauni treideri
Jun 06, 2021 at 15:59
This is the price that you set in your open trade/s so that your broker will automatically close said trade/s once said price/s is/are hit. The purpose of this is so that you won't need to monitor your charts just to realize your gains/profits.
myfxbook is doing a great job
in
Galvenais
Jun 05, 2021 at 13:07
I cannot agree more! Admittedly, am just new to this forum site. But I love everything I'm reading so far and how active the community here is. It seems everyone would love to contribute their ideas/knowledge, which is a really great thing!
Emotional Trading
in
Galvenais
Jun 04, 2021 at 19:38
Yes! This is why trading is really just about traders' psychology. It's what controls the prices of any market. Behavioral Economics/Finance is surely an interesting subject.
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