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ISA Act 2025: what does it say about retail online forex trading in Nigeria? Replied 4 months ago - Interesting, our government in South Africa is already regulating forex brokers
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been making profit on demo account, am i ready for live trading? Replied 5 months ago - Yes, that makes sense
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Introduction Replied 5 months ago - You're welcome, there's plenty of information/threads on technical analysis here. For me I trade EUR/IUSD daily and post on my thread here. We can share ideas
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Why do people think forex is a scam? Replied 5 months ago - Because many governments around the world refuse to regulate it, giving room for scams to thrive unchecked
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why is cfd trading so hard? Replied 5 months ago - Because most retail cfd traders are trading with insufficient capital so they get stopped out easily. Another reason is because there in cfd trading, it is possible to make money when price is rising and when price is falling. This creates room for greed and market chasing. When you trade in one direction and things do not go as planned, there is atendency to want to switch bias and trade the opposite direction. So, the market keeps taking you on a wild goose chase till you blow your account.
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any best forex trading games for beginners to download for free? Replied 5 months ago - Thanks @mrcasey, forex hero is so intersting to play and I have learnt so much.
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is the U.S. bond market open on veterans day? Replied 6 months ago - No, the bond market is closed on Veterans Day because bonds are government securities and since government offices will be closed the bond market will also be closed.
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what does bitcoin mining mean? Replied 6 months ago - Yes, just open an account with a bitcoin exchange and deposit money, then you can buy fractions of bitcoin and own them.
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why do brokers split withdrawals into small bits? Replied 6 months ago - I think its for compliance to anti-money laundering laws
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why do bond cfds have lower leverage than forex cfds in the UK? Replied 6 months ago - The FCA has since shifted position on this matter, they now allow up to 1:30 leverage on bond cfds. In the past, the FCA had tried to comply with ESMA regulations but on the matter of leverage on bond cfds, they disagreed with the ESMA and insisted on increasing leverage on bond cfds to 1:30 because they say it is lower risk than forex and ,ost traders use bond cfds for hedging and not for speculation.
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what is margin level in trading, when should I be worried about it? Replied 6 months ago - In some jurisdictions like the UK, Europe & Australia, the financial market regulators set the stop out level for brokers to apply to their clients' accounts.
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can I trade options on every stock? Replied 6 months ago - The answer is no! Options are instruments meant to manage risk exposure on the stock. Some stocks (like penny stocks) have little or no trading volume on the exchange so if almost nobody is trading the stock why will the exchange design an option for it? Think about it!
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Do prop firms actually copy your trades? Replied 6 months ago - There is no evidence to support the claim made by some prop firms about copying trades of those who buy their challenges. This is why I hope regulation of prop firms will come fast so that some of these claims can be subject to regulatory scrutiny. Some people will say since the prop firms do a profit split it means they copy your trades, but there is no evidence to substantiate this claim. It could be that they prop firms make the claim of copying your trades to justify why they do a profit split with you.
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Is XM broker allowed to operate in Singapore? Replied 6 months ago - XM and Octafx broker websites were blocked by the market regulatory authority in Singapore, that should explain why your friend cannot access the sites.
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is gold better than forex? Replied 6 months ago - Don't trade gold CFDs as a beginner, there are not enough strategies out there that are profitable for gold. Gold ETFs are a better way for beginners to access the gold market instead of trading CFDs. But if you have enough experience in trading, I will say trade gold futures because they are more predictable than gold CFDs.
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Why do brokers reduce your leverage when your account balance is high? Replied 6 months ago - I have pondered about this too, initially i thought the brokers were lowering the leverage to prevent high losses but on second thought i realized the brokers were doing it to protect themselves. The higher your account balance, the wider the stop loss you can set thus making you almost immune to losses, so you have an edge. I don't think the brokers like that, so they lower your leverage so that even if you win, they don't have to pay you so much profit.
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how do you count pips on gold? Replied 6 months ago - A). 1 lot of xau/usd = 100 ounces of gold B). xau/usd price is always quoted to 2 decimal places (for example 2500.05) C). xau/usd changes in sequences of 0.01 (meaning 2 decimal places) D). For a standard lot, the value of 1 pip in xau/usd is (0.01 x 100 ounces) = $1 E). If xau/usd price moves from 2500.05 to 2500.06 it has moved 0.01 or 1 pip, if it moves from 2500.05 to 2500.15 it has moved 0.10 or 10 pips. Since for a standard lot of xau/usd every pip movement is worth $1 then a 10 pip move will mean a profit or loss of $10. F). For example, if you are trading 0.05 lot size of xau/usd and the price moves 5 pips in your favour, your profit will be (0.05 lot x $1 x 5 pips) = $0.25 Summary At first glance, xau/usd pip value may not seem like a lot because for a standard lot every pip movement is worth just $1 but xau/usd price moves in bursts, covering several pips in a few minutes leading to significant damage if you are on the losing side. Hope this helps!
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should i exercise my stock options? Replied 6 months ago - Call options rarely get exercised because the extrinsic value (the premium others are willing to pay to buy the call from you) may be higher than the intrinsic value you get from exercising the call. So, it makes business sense not to exercise the call and instead sell the call and make more money.
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what is market sentiment in trading? Replied 7 months ago - Its basically the way other traders feel at the moment for example when the market is expecting an important news release (such as NFP, CPI, Interest rate decision etc.), the market sentiment will be indecisive and I usually know this because price will just be trading in a range for several hours until the news is released then you see a breakout from the range.
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do banks need brokers to trade forex? Replied 7 months ago - I don't think they do; banks have an inter-bank software they use to connect them to other banks whom they trade with.
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