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what is meant by price action trading in forex Replied 3 months ago - Price action is the ancient way of trading that was in play before indicators were invented. In the past, traders didn't use indicators, they relied on understanding candlestick patterns, price behavior etc. and that is what price action trading is about. I will say that from my experience, price action trading is more accurate than using indicators.
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do we expect too much from technical indicators? Replied 3 months ago - I suspect brokers are the ones behind the development of indicators so that 95% of traders will keep losing. Why the heck will I rely on a Christmas tree to show me something that has already happened when i could have seen it in real time using price action?
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What are the best indicators for deciding when to buy or sell? Replied 3 months ago - I rely on price action to tell me when to enter/exit I don't depend on indictors because they are always giving delayed information. By the time your beloved indicator tells you to buy, price action traders have already bought and exited the trade with profit.
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what is a block trade & why is it done in private? Replied 3 months ago - I think block trades have to do with the dark pool where certain futures/option contracts are not pre-disclosed to the public so that market volatility is not compromised. Block trades are usually executed for eligible investors only and the block minimum threshold usually specified by the exchange ensures that futures/options contract must have a very large volume in order to qualify for block trade execution.
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Is a EUR/USD spread of 1.4 pips too high? Replied 3 months ago - Yes, it is high; most brokers offer 1 pip.
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trading with a higher leverage in cfd means? Replied 3 months ago - It means you should have extra money sitting in your trading account because if you sustain just a little loss, your broker will immediately require you to deposit more funds, or your trade will be closed at the current loss.
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why should i use low leverage when trading forex, any advantages? Replied 3 months ago - Low leverage ensures you don't make silly trades because every time you want to open a position, the broker will ask for high margin collateral. Low leverage helps you become a more serious trader instead of just gambling away.
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FxPro withdrawal still pending what's their withdrawal time? Replied 3 months ago - FxPro withdrawals take anywhere from 10minutes to 1 hour.
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Is RCG Markets Good for Beginners, Do they have Micro Account? Replied 3 months ago - they have micro account but don't expect to make much profit trading this mini account. It is great for experimenting with new strategies or for learning how to trade. Micro accounts are also good for hedging for those who leave trades open for days to weeks,
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TradingView introduces new feature: "Macro Map" Replied 3 months ago - You can also choose to view the economic data on super charts by clicking on the "view on super charts tab"
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what is the value of a put option at expiry Replied 3 months ago - The worth of a put at expiry depends on if the put expires in the money or not. The put is only worthless if it expires out of the money.
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what does open interest mean in options Replied 3 months ago - If there is 1 buyer that has bought the contract and 1 seller that has sold, that amounts to 1 open interest. So that is essentially all unsettled contracts that are still open.
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can i sell call option before expiry? Replied 3 months ago - Yes, you can sell option before expiry. But you must ensure the market is liquid enough, meaning there are enough buyers for the options or you are going to be stuck selling to some shit head buyer that will give you an unfair price.
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what is quant trading, how do i start a career in it? Replied 3 months ago - Yea i heard of that Bangladesh techie Kairan who is leaving space-x for citadel hedge fund. What of Black Rock are they also a quant trading firm?
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anyone know how to find expected value in trading? Replied 3 months ago - EV helps you find out the probability that every trade you take will end in a profit. I always calculate EV for every trading strategy separately, so I know which strategy is more profitable. The best EV figure should be above 0.25. Calculate EV using formula (win rate x amount won on each trade) minus (loss rate x amount lost on each trade) You need to be honest with yourself when calculating EV, if possible, use an excel spreadsheet to populate all your wins in one column and all your losses in another then take the sum of each column.
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how do I know I am revenge trading? Replied 3 months ago - when your ego tells you you're a super-trader who can't lose. You just don't want to see a loss in your trading account statement. Thats how you know you're self-destructing and revenge trading. Its okay to end the day in a loss, it doesnt mean youre a bad trader, it just means the odds were not in your favor. After a losing day, just g back to the drawing board and conduct a post-morterm to find out why you lost. Once you discover the reason you lost and you make improvements, you will likely recover the loss the next day.
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stop loss or hedging, which is a better risk management method? Replied 3 months ago - hedging is too difficult to manage for me; I like to set a trade and go to sleep instead of continuously monitoring a hedge. besides i think hedging can encourage one not to accept losses and to try to engage in risk-free trading. This can be counterproductive in the long run.
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are forex signals on telegram really profitable? Replied 3 months ago - Depends on who you are getting the signal from. But i noticed there is always a problem of late execution, where the signals are received late after the price has already moved. This leads to late execution of the trade, and the end result will not be profitable.
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what's your favorite forex risk management tool? Replied 3 months ago - I like to use the alarm tool to alert me when price gets to a desired level. It has been very helpful to me.
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what is strike price meaning in options trading? Replied 3 months ago - Strike price is like the price at which the option contract is awakened and can be used or exercised. As long as the market value of the underlying future has not reached the strike price, the option remains dormant and out of the money.
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