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Daily FX Options Expiring by 10 AM New York Cut Replied 1 day ago - EURUSD expiry at 1.1750 and 1.1800
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cTrader or MetaTrader Which Is Best for a Beginner? Replied 1 day ago - i agree with @arista, cTrader is better for a beginner because it is self explanatory, you can easily understand how to use it. It also does a lot of the calculations for you (such as pip value, trade value etc.)
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EUR/USD Daily Closing Price (London Session) Replied 6 days ago - I will waiting for your update on this
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How to get a Forex Trading License in South Africa Replied 6 days ago - To get a forex trading license in South Africa, you need to apply for a Category I Financial Services Provider (FSP) licence from the FSCA (Financial Sector Conduct Authority). Key steps: - Register a company with CIPC (local office required). - Appoint a Key Individual and Compliance Officer who pass regulatory exams and "Fit and Proper" requirements. - Prepare business plan, policies, proof of capital, professional indemnity insurance, and other documents. - Submit the application online via the FSCA portal. Approval usually takes 4–9 months (sometimes up to 12 months), depending on how complete your application is. Suggestion: Strongly consider hiring a compliance consultant or lawyer experienced with FSCA applications to avoid delays and rejections. Check the official FSCA website for the latest forms and requirements.
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Anyone have a trading journal template I can use? Replied 6 days ago - Core columns (one row per trade): - Date & Time - Instrument (e.g. DAX, EURUSD) - Direction (Long/Short) - Entry Price - Exit Price - Position Size / Risk % - P&L ($ or %) - Reason for Entry - Outcome (Win/Loss/BE) - Lesson / Notes (what went right or wrong) Keep it minimal at first, add screenshots of charts in a separate column or folder. Review weekly: win rate, average win/loss, and common mistakes. Many free ready-made templates exist on Google Sheets/Excel if you prefer to download and customize. Start simple and stay consistent.
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This is how I enabled one-click trading on MT5 Replied 6 days ago - Quick additions for better one-click trading on MT5: - After enabling in Tools > Options > Trade tab, right-click on your chart and select “One Click Trading” to show the panel directly on the chart. - Always double-check your lot size before clicking — one-click has no confirmation. - Use it mainly on liquid pairs like DAX or majors to avoid slippage.
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How is backtesting done on TradingView? Replied 6 days ago - Yes, I’ve backtested plenty of strategies on TradingView. Here’s exactly how it’s done (two simple methods): 1. Automated backtesting (best for rule-based strategies): - Open your chart. - Click Pine Editor at the bottom. - Write or paste a strategy script (starts with `strategy` not `indicator`). - Define your entry/exit rules using `strategy.entry()` and `strategy.exit()`. - Click Add to Chart - Open the Strategy Tester tab at the bottom – it instantly shows net profit, win rate, max drawdown, trades list, etc. - Tweak settings (commissions, slippage, initial capital) for realism. 2. Manual backtesting (no coding, great for discretionary rules): - Open your chart. - Click the Replay button (top toolbar). - Pick a past start date or use “Random bar”. - Play the chart forward bar-by-bar and manually apply your rules while noting results. Free accounts only go back a limited number of bars. For deeper history, you’ll need a paid plan (or journal daily screenshots like the earlier tip). Start simple, test on multiple timeframes/assets, and always include commissions/slippage. That’s it.
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Journal, dont be lazy !!! Replied 6 days ago - If you can't afford a paid TradingView plan, taking daily screenshots or keeping a simple trading journal with chart images is a good free workaround. Over time, you'll build your own personal archive of historical charts that you can easily go back to whenever you need. It takes a bit of discipline to do it consistently, but it saves money and can actually help you stay more aware of how the markets looked on those specific days.
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How to create mobile forex robot Replied 2 weeks ago - @george, which one is cheaper to code, MQL or cBots?
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Which is more effective: a trailing stop or a step stop? Replied 3 weeks ago - Ohh, I’m sorry. I didn’t know it was marketing a bot.
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Your Forex Best Indicator Replied 3 weeks ago - Bollinger Bands I like Bollinger Bands because they are easy tomake sense of visually. When you see the 3 bands close to each other in a squeeze, you know its the calm before the storm and there will likely be a burst of volatility soon.
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My definition of a sell limit order used in forex trading Replied 3 weeks ago - Advantages of Sell Limit Orders Better pricing No need to watch charts constantly Reduced emotional trading Aligns with professional execution style Disadvantages Price may not reach your level You might miss trades Requires patience and discipline
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How Do I Set A Pending Order on MetaTrader Charts? Replied 1 month ago - To set a pending order simply right-click on the chart and select buy or sell stop/limit. The pending order line will then appear on your chart visually and once price gets to the line, the pending order will be executed transforming it into a live trade. One of the best trading platforms for order management is not MetaTrader but cTrader.
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How to Get Funding for Forex Trading Replied 1 month ago - Kind of agree with @patrader, if you think you are part of the 5% profitable traders then get a prop firm account, win and get payouts. However, chances are once the prop firms identify you are a pro trader, they will ban you.
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What's the Risk Reward Ratio Formula in Forex? Replied 1 month ago - But hey personally, I like to place my stop loss at a safe distance away and I always like to hide my stops behind support/resistance levels. I dont just place a stop somewhere because I dont want to lose money or because I am looking for a comfortable RR
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How will you explain stop loss & take profit to a beginner forex trader? Replied 1 month ago - Sometimes, you tell yourself I am going to close the trade when my profit reaches $10 but when the time comes you become greedy and say ok let it reach $12 before I close it, before you know it the profit falls back to $5 and you start regretting. The Take Profit is an automated order designed to fix this kind of problem. Once you set it to take profit at $12 it does just that without any manual input from you. The same goes for the stop loss, they automate the process of entry and exit, removing emotions such as greed and fear from the picture.
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how do you prepare yourself mentally for the days trading? Replied 1 month ago - The first thing I do is to confirm that my laptop and internet router are fully charged and ready to go. After that I read a newsletter for traders from Spectra Markets https://www.spectramarkets.com/amfx After that I open my trading platform and check where the market is currently then I compare the current market price to what the options expiry data for the day is saying. This helps give me an idea of market direction for the day.
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what is a micro account in forex, is it for beginners alone? Replied 1 month ago - How does it depend on the broker?
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what is pine editor in tradingview Replied 1 month ago - So, imagine you buy an indicator from someone and you want to use it on TradingView, you just open the indicator file on yout computer then copy its content and paste it in your pine editor window then give it a name and save it amongst other TradingView indicators. Whenever you want to use the indicator just search for the name and it will pop up. The thing with pine script is that it may not work if you have the basic TradingView subscription plan, you may need to subscribe to a bigger plan to be able to use pine scipt satisfactorily.
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what is netting in forex? Replied 1 month ago - Netting in forex is a system where you can only have ONE position per currency pair at a time. If you open a new trade in the same pair, it combines (nets) with your existing trade instead of opening a separate one. Example You buy EUR/USD with: 0.10 lot Then later you buy again: 0.20 lot With netting: These merge into one buy position of 0.30 lots. If you sell EUR/USD with 0.10 lots: It reduces your position instead of opening a new one.
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