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how exactly do regulators monitor forex brokers?
Replied 3 months ago -
I think the brokers are supposed to render reports on their activities to the regulators, who will then scrutinize them.
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in the money vs out of the money options, whats the difference?
Replied 3 months ago -
I think "at the money" often means when strike price equals current futures market price. Ath the money is not yet a profitable contract because by the time you deduct cost of buying the contract, it collapses back into unprofitability.
In the money is when the option is really in profit because current market price has already exceeded strike price so even if you deduct the premium (cost of buying the option) chances are you will be left with a profit (except the premium is very high)
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is it bad to exit a trade before your stop loss is hit
Replied 3 months ago -
I would only do it if i wanted to switch bias. For instance, if i were short and i wanted to change bias to long, then i would close the short trade and open a long one.
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How long does it really take to get the hang of forex trading?
Replied 3 months ago -
For me it took one year of constant practice
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why do brokers locate their servers in London & New York?
Replied 3 months ago -
I guess it is to reduce latency. The brokers server has to be as close as possible to that of the liquidity provider, if clients are going to get instant execution of orders.
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what is hfx trading, how much to get started?
Replied 3 months ago -
hfx trading is just another hoax like ICT & order Block, don't fall for it. There is no need to overcomplicate trading by trying every new thing you hear of. Basically, hfx trading is just trading lower time frames actively and racking up small profits but it's not practical in reality.
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how do i set the correct time zone on my trading platform?
Replied 3 months ago -
You may need to contact your MetaTrader broker to move you to a new server that aligns with your timezone. On TradingView you can simply change it by editing the time zone settings but on MetaTrader it is more complicated. This one reason why TradingView is so popular!!!
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what is FBS minimum deposit ?
Replied 4 months ago -
$5 minimum deposit but they charge withdrawal fees.
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should i buy a rising market?
Replied 4 months ago -
I don't see anything wrong with buying a rising market. They say the trend is your friend so if the market is in an uptrend i am definitely buying and setting my stop loss at the last break of structure
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why do you need $25,000 for day trading in the US?
Replied 4 months ago -
They don't want you to trade, the US authorities prefer people go into investing rather than trading.
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what is the meaning of "spreads from 1.2 pips" ?
Replied 4 months ago -
Spreads from 1.2 pips is kind of on the high side, find a broker that charges lower spread.
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my current trade is in profit, do i open more positions?
Replied 4 months ago -
I try to maintain a margin level of at least 400%, so for me if opening additional trades will not deplete my margin level I will do so.
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what is a guaranteed stop loss, when should i use it?
Replied 4 months ago -
I use guaranteed stops when i am worried that price slippage may occur. My current broker (Trade Nation) allows me set guaranteed stops and its not even that expensive.
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can i open a buy & sell trade on same instrument simultaneously?
Replied 4 months ago -
Yes, but it is mainly a risk management procedure meant to reduce the losses you are already sustaining on a current trade. It is a strategy used for lowering losses and not for making profit.
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Basic Concepts Every Beginner Should Understand Before Trading Forex
Replied 4 months ago -
I would say understanding how to think in probabilities is essential. Beginners need to understand that there's always a probability that a trade will fail. So, with that in mind beginners should be ready to accept a loss without letting it affect their emotions towards the next trade.
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