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how to transfer money from fx royale to bank account Replied 1 year ago - Hello Josiah, I am not sure if you are referring to fx royale trading simulator but if you are, it is just a trading computer game and the funds are not real. You cannot transfer the funds to your personal bank account, any money you make trading on the game is meant to be spent in a virtual world (within the game) buying houses etc. just like in monopoly.
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how to remove trade history on mt5 Replied 1 year ago - Like Daniel said, you can simply right-click and select trade history but if that doesn't work then right-click, select "properties", click on "show" then tick the "show trade history" box.
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Any good forex trading books that are a must-read for traders? Replied 1 year ago - Someone recommended this book: "The Disciplined Trader" by Mark Douglas". Has anyone read it or does anyone know about the author?
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which time frame is best for day trading? Replied 1 year ago - When day trading I use the minute time frames and I also use the TradingView or MT5 platforms because they offer more timeframe options than MT4. Although I focus more on minute timeframes, every once in a while I still glance at the higher timeframes to get a bird's eye view of the market landscape.
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which is the best laptop for trading with expert advisors & coding? Replied 1 year ago - I use a Lenovo IdeaPad PRO 5 which I bought last year so I've only owned it for about 4 months, so far so good I think its a good laptop for trading but its quite pricy around 750 USD. Here is what I love about the laptop: 1. 84 WHR Battery Life - helps me reduce the amount of times I have to charge it, and it lasts about 7 hours on a full charge. 2. Intel Core Ultra 9 Processor (16 cores) - which is more power efficient than the i9, and good for running Artificial Intelligence tasks. 3. 32GB RAM - makes for multitasking and I can open several tabs at once. Because of the 32GB RAM the laptop is faster and it helps when I am coding and back testing. 4. Headphone & Mic Jack - great for content creation 5. Comes with Wind0ws 11 PRO OS - again, great for content creation and video editing 6. Backlit Keyboard - makes coding less boring and helps me not fall asleep at night Here is what I hate about the laptop 14 inch display No USB Type-C port Kind of heavy @ 1.46kg Very pricy No pointer device
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ECN Account Meaning Replied 1 year ago - Great Question Brenda ! ECN is an acronym for Electronic Communication Network and with this account, your broker does not trade against you. When you place your trade, your broker uses the ECN infrastructure such as optic fiber cables with low latency to send your order to liquidity providers who will be the ones to trade against you. The end result is you get lower spread on each transaction. Since brokers do not make a lot of money from spreads charged to ECN accounts, they make up for this by charging a flat commission per trade you make. ECN accounts are ideal for those using trading robots to execute high volume trades because the developers of these robots usually specify that they work with very tight spreads,
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what would be the required margin for 1 lot (100,000) eurusd position if your leverage is 1:100? Replied 1 year ago - Margin is the inverse of leverage so a 1:100 leverage is a 1% margin. If EUR/USD price is 1.0555 then a standard lot will be worth $105,550 and a 1% margin means $1,055.5 to open a trade.
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Buy Stop Meaning in Forex Replied 1 year ago - A Buy Stop order in forex is used to lock in an exact price of an instrument and a Buy Stop order must be placed above the current price. So, if you want to buy when price starts rising, you set a Buy Stop at the price you want, so that when price reaches the order, it is triggered at the exact price. My emphasis is on "exact price". So let us assume you want to buy XAU/USD when the price rises to 2860.0, all you have to do is set the buy stop order at that price. If due to volatility, the price suddenly jumps to 2862.0 without passing through 2860.0, then your buy stop order will not be executed because it works with a specific price. This is the main difference between a buy stop order and a buy limit order. A buy limit order would have been filled at either the exact price or a better price.
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How much does a forex robot cost? Replied 1 year ago - Yes, you can build your own trading bot to execute your trading strategy. If you are using MetaTrader you can code your EA. But I'll come again to the starting point, what is your underlying strategy. The EA will only execute that strategy, but if the strategy is not profitable after paying the brokerage costs, then the bot will not automatically make you money. So, first you have to find a repeatable consistent pattern that you want to automate. What is it? Does it have an edge?
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Anyone know how to get funding for forex trading? Is it tough to find? Replied 1 year ago - Today, thy are a lot of prop firms that provide funding if you can pass their challenge which you must pay for in fees. Some prop firms charge as high as 100 USD per challenge and every time you fail, you have to pay again. Come to think of it, the money you are going to spend paying for prop firm challenges is enough to put into your account and teach yourself to trade and become profitable over time. Remember that lessons learnt when you lose your own money stay with you longer than lessons learnt when you lose demo account money.
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