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how does dxy affect the prices of currency pairs Replied 7 months ago - 👌 okay makes sense
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should beginners trade nas100 Replied 7 months ago - Yes beginners can trade nas100 but they should consider doing so on a micro account or cent account so they can trade smaller lot sizes and not expose themselves to high losses. Beginners should also consider trading US30 because it is less volatile than nas100
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can i trade nas100 at rcg markets, what is the spread like? Replied 7 months ago - Yes, rcg markets has nasdaq which they offer to both users of micro account and standard account. The rcg markets micro account users can trade the nasdaq micro indices because it is cheaper while the standard account users can trade the standardized nasdaq indices.
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why is bitcoin spread so high Replied 7 months ago - I suppose it has to do with the price & volatility of the asset itself. Bitcoin is very expensive so brokers will charge higher spread fees to facilitate any trades on it.
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what is vix 75 Replied 7 months ago - VIX 75 means Volatility Index 75, and it is a synthetic Index that is designed to mimic the actual VIX fear index when it is at a reading of 75 points. Let me break it down, there is something called the VIX index which measures how much fear is in the market. When investors are afraid, you see them buying options contracts on the S&P 500 index, and so the more options contracts are bought, the more the sense of fear in the market. Now, a VIX reading of 20 and below is considered low fear, but a VIX reading higher than 20 is considered moderate to high fear. Now the people who made the VIX 75 designed it to mimic a situation where the fear is very high in the market and the VIX reading is 75. VIX 75 is a very volatile instrument to trade because when VIX reading is 75, prices rise and fall wildly and support & resistance levels may not hold the way you are used to seeing them do. In such a case when trading VIX 75 you must practice higher risk management, set smart stop losses and know when to exit the market with your profits before the market turns against you. You must also know when to cut your losses early, so you live to trade another day. With high risk comes high reward, and although VIX 75 is a risky instrument to trade, people still trade it because of the desire to make high profits.
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how much is 1 btc in naira Replied 7 months ago - 1 bitcoin is worth around $77,251.92 which translates to around N123, 840,000 if you are trading it via a forex broker like I do. I monitor the btc price through my metatrader forex trading platform.
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which forex brokers have usd/ngn currency pair? Replied 7 months ago - Hello Segun, try the brokers FxPro and Exness; they have USD/NGN currency pair as part of their exotic pairs but the spread is very high. FxPro USD/NGN spread starts from 300 pips or thereabout.
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for which forex pairs is eurusd correlation negative? Replied 8 months ago - I always hedge my EUR/USD trades with USD/CHF and CAD/CHF. Currently I am able to get lower spreads on USD/CHF with my broker ic markets who are great for hedging.
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USD/CAD for newbies Replied 1 year ago - Nice strategy on the BB's .
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GBP/USD Replied 1 year ago - I've been stopped out at BE on my position. I'll step out now.
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