Threads
How Do I Take Partial Profit on MT5 Without Closing The Trade?
Replied 13 hours ago -
How do you mean, please can you show us a screenshot of how its done?
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Forex session times in Nigeria explained (Wellington, Sydney, Tokyo, London, New York)
Replied 13 hours ago -
@godswill but why are you using UTC time zone? I thought Nigeria is in UTC+1 time zone?
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In trading, timing is more important than direction
Replied 1 day ago -
@godswillfx timing is one of the ten commandments of trading, it is often overlooked by many. Some traders are not even sure when the London or NY session starts, which is bad.
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EUR/USD Beginner Level trading
Replied 1 day ago -
TP smashed (the bullish engulfing was our buy signal)
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why is the asian session bad for trading forex?
Replied 1 day ago -
lower liquidity in the Asian session often leads to wider spreads and "monopoly like" price action from fewer players.
Skip scalping EUR/USD or GBP/USD then. Instead, focus on JPY pairs (they move better in Asia) or wait for the London open.
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Market Closed Today
The Forex Market is closed on weekends, opens back on Monday.
How To Trade Forex in Australia
1. Open an account with an ASIC regulated broker
This is fairly easy to do, on this website we have a section where we reviewed several ASIC regulated forex brokers, so simply register with any of them.
2. Experiment with a demo account
An all-crucial step, demo accounts contain fake cash that you can use to try out trading without risking your hard-earned money.
Practice for a few months till you get a hang of it, then proceed to the next step.
3. Trade with a live account
the demo account should have taught you how to place trades & mamage risk, so you can now trade with real money.
Remember to trade only 0.01 lot sizes and set a stop loss on every trade.