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welcome bonus vs deposit bonus: what is the difference? Replied 3 months ago - Deposit bonus applies every time you make a deposit. But remember that you cannot withdraw the bonus, only profits realized from trading with the bonus can be withdrawn. However the bonus acts as a buffer, adding to your free margin and allowing you to set a wider stop loss.
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Which Forex Broker in Nigeria Has The Best Customer Support Teams Replied 3 months ago - Tickmill is good because their live chat takes you straight to a human and not a bot. Trade Nation is also good
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hawkish vs dovish: what do these terms mean in finance? Replied 3 months ago - Hawkish is when those who formulate government fiscal policy (such as central banks) are leaning towards increasing interest rates. Dovish is the opposite.
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How can i turn $100 into $1,000 in forex? Replied 3 months ago - To do that, you will need to over leverage which doesnt always end well. Trading is not about one or two big wins, it is about steady consistent wins over time. The trend of wanting to flip accounts is more of an ego thing driven by greed.
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How to calculate 0.1 lot size in dollars Replied 3 months ago - 0.1 lot is 10,000 units of an instrument so if you want to trade EUR/USD whose exchange rate is currently 1.1600 and your leverage is 1:3000 then 0.1 lot will be worth (10,000 units x 1.1600)/3000 = $3.86 This means you must have at least $3.86 in your trading account before your broker will allow you open a 0.1 lot size position on EUR/USD using a leverage of 1:3000.
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how do I know when i am gambling during trading? Replied 3 months ago - Hi @Liam, my own take on this subject is that if you find yourself thinking too much before you place a trade, then you are likely not sure of the trade and are about to gamble. You should not have to think too much if you have a good strategy on ground. Since you already know what you are looking for, once you see it, you place your trade. Overthinking means you are unsure of what you are about to do and may be in the brink of gambling.
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Raw Spread or Standard Forex Trading Account Which Is Better for Scalping? Replied 3 months ago - The advantage of raw spread account is that you can set a tighter stop loss. Remember that spread affects where you place your stop loss so when the spread is tight you can set a tighter stop loss.
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how does unlimited leverage work? Replied 3 months ago - Unlimited leverage is just like betting (winner takes all). There is no room for managing losing trades. When you enter a position and it goes in your favor, your trading account balance is doubled with every pip movement. If the market moves against you by even 1 pip, your entire account balance will vanish.
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is kwakol markets a scam in nigeria? Replied 3 months ago - They are unregulated and to add salt to injury, their website has been taken down. I would avoid them if I were you. There are so many legit brokers operating in Nigeria that nobody should lose money to an unregulated broker.
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is the U.S. bond market open on veterans day? Replied 3 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 is contract trading? Replied 3 months ago - It's basically trading something which you do not physically have. If I enter into an agreement to buy a car from you for $5,000 in two weeks' time, I can go and look for another buyer willing to pay $6,000 and sell the contract to him then keep the difference of $1,000 as my profit. So, I profited off your car without taking ownership of it. This is the same model used by online brokers when people trade CFDs.
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Tickmill rebrands with a new logo, but has anything really changed? Replied 3 months ago - Their customer support is still poor; you chat them on live chat and don't get a response.
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what is paul tudor jones net worth, what is his trading strategy? Replied 3 months ago - His hedge fund, Tudor Capital; manages assets worth upwards of $4 billion. His trading strategy today is a secret they do not really divulge details. But if you check his hedge fund's website you will see the assets they invest in.
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do brokers hunt stop loss? Replied 3 months ago - Trader Tom is such a good trader, and I like his response.
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does tradingview have trailing stop loss? Replied 3 months ago - Nice one, I almost forgot that TradingView had this feature
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what does bitcoin mining mean? Replied 3 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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whats the best risk to reward ratio in forex? Replied 3 months ago - I don't think there is a best RR, it depends on the price action you are facing on the charts. Some trades just require you placing a wide SL and smaller TP and that's just the way it could be. It is left to you to take the trade or leave it.
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is wmarkets a scam? Replied 3 months ago - They are not a regulated broker, and I have heard people complain about not being able to withdraw for weeks but they were later able to withdraw after several delays.
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Exness Becomes latest ODP License Holder in South Africa Replied 3 months ago - But why are brokers without ODP license still allowed to operate in SA?
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why do brokers split withdrawals into small bits? Replied 3 months ago - I think its for compliance to anti-money laundering laws
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