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Need help calculating pips for gold Replied 1 month ago - Gold contract size 1.0 lot = 100 oz 0.1 lot = 10 oz Spread cost formula Spread cost = Spread × Ounces spread is 0.4 So: Spread cost = 0.40 × 10 Spread cost = $4.00 The 0.40 spread on XAUUSD at 0.1 lot = $4.00 cost. This means when you open a 0.1-lot gold trade, you start the trade –$4 because of the spread.
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Funding an account or purchasing a prop firm Replied 1 month ago - Thank you for being honest.
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How Much On Average Can A Forex Trader Make Per Day? Replied 1 month ago - Best answer, I picked out an important point from what you wrote- you cannot make any reasonable profit from a $100 account without risking too much.
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what is contract trading? Replied 1 month ago - Contract trading is when you trade a contract that represents the price of something (like gold, Bitcoin, oil, or currencies) without actually owning it. You are basically making an agreement (contract) with your broker about where the price will go. It’s like making a bet that: “The price will go UP” → you buy the contract “The price will go DOWN” → you sell the contract If you guess correctly, you make money. If you guess wrong, you lose money. You never physically own what you’re trading — only the contract.
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what is free margin in forex & why does it matter? Replied 1 month ago - Free margin in forex is the portion of your account equity available for new trades and absorbing losses. It is crucial for flexibility, risk management, and preventing margin calls which in turn is helping protect your account.
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apy vs interest rate: do they mean the same thing? Replied 1 month ago - Simple Example A savings account has: Interest rate: 5% It compounds monthly Because of compounding, your real yearly return might be around 5.12% APY. So: Interest rate = 5% APY = 5.12% (your true earnings)
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what is intrinsic value in options trading? Replied 1 month ago - Intrinsic value in options trading is the real, built-in value of an option if it were exercised right now. It only measures how much the option is “in the money,” based on the current market price of the underlying asset. It does not include time value, volatility, or future expectations—just the value today.
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May I Know The Meaning of Margin Call in Forex? Replied 1 month ago - A margin call in forex is a warning from your broker that your account doesn’t have enough money to keep your open trades running safely. It happens when your losses become too big, and your margin level falls below the broker’s minimum requirement. A margin call means: 👉 “Add more money now, or we will close your trades to prevent your balance from going negative.” It’s the broker’s way of protecting you from losing more than you have.
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hedging or netting account, which should I choose? Replied 1 month ago - For those of us who dont understand what I mean by trimming a hedge you can watch this video and some time in the future I will create a thread on how to trim a hedge.
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welcome bonus vs deposit bonus: what is the difference? Replied 1 month ago - 1. Welcome Bonus A welcome bonus is a reward given just for opening a new account with a broker. Key points: Often no deposit required Usually small (e.g., $5–$30) Meant for beginners to test the platform Withdrawals usually restricted — you may be able to withdraw profits only after meeting trading conditions Meant for practice, not real income ⭐ 2. Deposit Bonus A deposit bonus is a bonus you get after putting your own money into the account. Key points: Requires you to make a deposit Bonus size depends on how much you deposit (e.g., 20%, 50%, 100% extra) Often has strict trading volume requirements You usually can’t withdraw the bonus itself Designed to increase your trading balance
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what is noise in trading? Replied 1 month ago - Noise on your chart refers to those candles that do not hold enough information to matter. For example if you are trading on a one-minute time frame how much useful information can a one-minute candle give you? When you trade on a noisy chart, the tendency for losses is higher because you will see what looks like a buy candlestick pattern only for price to start falling after you enter the trade. But noise exists on all timeframes, just that it is more prevalent on smaller timeframes.
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What is the best time to trade NAS100 in Kenya? Replied 2 months ago - Most stock exchanges in New York (including the Nasdaq exchange) ring the opening bell by 9:30 am which is equivalent to 5:30 pm in kenya. When the Nasdaq stock exchange is open, you get lower spread and more direction in the market, so from 5:30 pm is the best time to trade NAS100 in Kenya for best results.
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Trading is easy to learn but hard to master Replied 2 months ago - Oohh, I get that now. Thanks for the clarification
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TRADING ALONE OR TRADING WITH A SIDE HUSTLE? Replied 2 months ago - This is so true
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what is margin trading, what assets can i trade on margin? Replied 2 months ago - Margins means in a lay man’s language You put down a small amount of your own money (called margin) and your broker temporarily lends you the rest so you can take a bigger trade. Example idea (not advice): If you have $100 and use 5× leverage, you can open a $500 position. But if the market moves against you, you can lose money much faster than normal.
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How to calculate 0.1 lot size in dollars Replied 2 months ago - I actually haven’t tried that platform before seriously. Now that you said it’s good, I will check it up.
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how do i know if i am getting better at forex trading? Replied 2 months ago - 1. You start looking for more advanced trading platforms When I started trading, I was content with using MT4 to trade but as I got better I began to desire more features causing me to download MT5 and then as I got better I upgraded to TradingView and finally settled for the advanced cTrader platform. 2. You start looking for low spread brokers I started trading with HF Markets and initially I didnt notice how high the spread on their premium account was (up to 1.6 pips on EUR/USD). However as I got better, I realized the high spread was affecting where I could place my stop loss, I kept getting stopped out easily. Because of this, as I got better I asked my mentor to recommend a low cost broker and thats how I switched to Trade Nation where I got 0.6 pips on EUR/USD. 3. You spend less time in front of the charts When i started trading, I was always in front of the charts taing every trade i saw. However as I got better, I began creating trading rues such as specific trading hours, daily loss limits etc. These rules helped me trade less frequently for example once my daily loss limit was reached I stopped trading for that day. 4. You develop a trading strategy (and stick to it religously) As a beginner, I didnt have a trading strategy so I was always trying out different stuff every day. As I got better, I researched and found a strategy that worked on EUR/USD, GBP/USD, and US30; and I stuck to it without deviating. Everyday, I traded the same strategy irrespective of the outcome (profit/loss) 5. You accept losses as gifts In every loss there is a lesson, so as i got better in trading I stop being angry at myself after a loss. Instead, I look inward for the lesson to be learnt from that loss and how not to repeat the same mistake twice. 6. You set your stop loss where it needs to be (not where you are comfortable with) When I started trading, I used to set very tight stop losses because of the fear of losing. Because of this I was always getting stopped out over and over again. With time, I learnt that a stop loss needs to be set at the most appropriate distance from entry even if it means risking a higher amount than I was comfortable with.
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How much do forex traders make a month in South Africa? Replied 2 months ago - There’s no straight forward answer to this question. The amount a trader makes is dependent on the trader. It involves the amount of money risked and the target of the trade. It also depends on the amount of trade taken in a month. It all just depends on the trader sincerely.
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does the forex market open during eid muslim holidays? Replied 2 months ago - Yes , the market is open during Eid Muslim holiday. Pls be aware that the market is open Monday to Friday, closes Friday night.
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what are synthetic indices? Replied 2 months ago - You are welcome, always here to help.
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