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Why I am switching to cTrader
Replied 1 day ago -
cTrader users in the community can also share their experiences with the platform, thank you.
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When is The Best Time To Trade Nasdaq (NAS100) in Nigeria?
Replied 2 days ago -
From 4 PM GMT after the London session has closed, the daily London FIX has been set and the New York session is in full throttle.
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High minimum withdrawal with brokers: how to bypass it
Replied 2 days ago -
The brokers have found out this loop hole so they now check where you are resident. For instance if the broker sees you are resident in Nigeria and you open a ZAR account, they will increase the minimum deposit. A good example is the broker Trade Nation that has been discussed here, their minimum deposit for South African residents is 50 ZAR but if a Nigerian opens a ZAR account they immediately increase the minimum deposit to 500 ZAR
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MT4 vs MT5 who is the winner?
Replied 2 days ago -
MT5 is better because it is an updated version of MT4 and it corrects all the short comings of MT4
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should i use my discretion when trading?
Replied 2 days ago -
Using discretion is taking risk, during my training my trainer strongly advised that i use strategies and stay by it.
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What do you wish you knew before you started forex trading?
Replied 2 days ago -
I wish i actually knew forex trading wasn’t a get rich quick scheme like I experienced in cryptocurrency. I started trading cryptocurrency and made a lot of money in a year, I was trading memes though. Then I graduated into trading forex, i thought i would be withdrawing consistently like I did in trading memes but I was wrong.
For anyone reading, forex trading isn’t a get rich quick scheme, it will take you time to be profitable. The time it will take is totally dependent on the individual.
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MAVEN PROP FIRM REVIEW
Replied 2 days ago -
Yes they do. You take 80% and they take 20%.
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why is the asian session bad for trading forex?
Replied 2 days ago -
The Asian session is mainly dominated by comoanies doing business in/with China, Japan, Australia, etc. During the Asian session what goes on is mainly a bidding process so price action can be unpredictable. However, after the Asian session ends, you can mark it out on your chat and use its highest and lowest points as a reference to trade the London session.
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win rate or risk to reward; which is more important?
Replied 2 days ago -
Risk to reward is superior to win rate. For example, you executed 10trades and you won three out of the ten with risk to reward ratio of 3. Your win trades will be at 9rr . Remember you lost 7trades, that’s 7rr .
Overall, you are still profitable with a 2rr. Hence, risk to reward is better than win rate.
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what do gaps on my forex chart mean?
Replied 2 days ago -
A gap is an area on the chart where the price of a currency pair moves sharply up or down with little or no trading in between. As a result, the bar or candlestick shows a gap in the normal price pattern.
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can i trade binary options in the uk
Replied 2 days ago -
You cannot trade binary options in the Uk. It’s been banned since 2019.
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