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MT5 Replied 2 months ago - You can download from either of the two.
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How do Forex Brokers Make Money? Replied 2 months ago - 3. Swap Fees (Rollover/Overnight Interest) Every currency has an interest rate. When you buy one currency and sell another, you pay or earn the difference. Brokers make money when: They increase the swap rate slightly They charge swap on both sides depending on the trade They receive swap from LPs and pass modified rates to retail clients Swap depends on: Central bank rates (Fed, ECB, BOE, BOJ) Long vs short positions Broker-specific markup Some brokers offer swap-free (Islamic) accounts and instead charge: A small fixed daily fee A higher spread Higher commissions Which still produces revenue for the broker.
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what is the polish currency, can i trade it in forex? Replied 2 months ago - The currency of Poland is the Polish złoty, written as: Name: Polish Złoty Code: PLN Symbol: zł You’ll often see it quoted in forex as a pair like: USD/PLN (U.S. Dollar vs. Polish Złoty) EUR/PLN (Euro vs. Polish Złoty) you can trade PLN in forex, but it is considered an exotic currency pair, not a major. ✔ Available to trade (with most brokers): USD/PLN EUR/PLN GBP/PLN (on some brokers)
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Need help calculating pips for gold Replied 2 months ago - Gold contract size 1.0 lot = 100 oz 0.1 lot = 10 oz Spread cost formula Spread cost = Spread × Ounces spread is 0.4 So: Spread cost = 0.40 × 10 Spread cost = $4.00 The 0.40 spread on XAUUSD at 0.1 lot = $4.00 cost. This means when you open a 0.1-lot gold trade, you start the trade –$4 because of the spread.
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What Is Order Block in Forex? Replied 2 months ago - 1.Look for a Strong Move (Impulse Move) Ask yourself: “Did price explode upward or downward from this area?” Look for: Long impulsive candles Multiple strong candles in the same direction A clear “push” in price 2. Find the Last Opposite Candle Before That Move This is the classic rule. For a bullish order block (demand): 👉 Look for the last bearish candle before a strong move up. For a bearish order block (supply): 👉 Look for the last bullish candle before a strong move down. That last opposite candle is the “order block.”
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Funding an account or purchasing a prop firm Replied 2 months ago - Thank you for being honest.
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Trump Imposes New 15% Import Tariff After Supreme Court Nullified The Old Tariffs Replied 2 months ago - Markets may be sluggish this Monday as they try to digest this information. if I am trading today I am only going to look for 10 pips and im done.
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Nairatrader Propfirm Replied 2 months ago - 8,900
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How to Get Funding for Forex Trading Replied 2 months ago - Kind of agree with @patrader, if you think you are part of the 5% profitable traders then get a prop firm account, win and get payouts. However, chances are once the prop firms identify you are a pro trader, they will ban you.
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why should i use low leverage when trading forex, any advantages? Replied 2 months ago - High leverage is really for expert traders who are so sure that their strategy works because they have tested it in different market conditions for years. They can use high leverage to trade bigger lot sizes even when their account balance is low. But as a beginner who doesnt have a tested strategy if you try using high leverage on a low account balance, you are just going to be dashing the broker your money cos you will get stopped out over and over again. Remember, the market can remain irrational for longer than you can remain liquid.
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Exness vs XM which is better for Nigerian traders? Replied 2 months ago - Do people still trade with XM? Exness is way better especially when it comes to funding your account in naira.
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Does a resistance/support line get weaker the more it is tested by price? Replied 2 months ago - Another school of thought said a support or resistance level broken with a momentum candle stick will always hold.
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what is the meaning of watchlist on my forex app? Replied 2 months ago - Why a Watchlist Is Useful It helps you: See your favorite pairs instantly Avoid scrolling through hundreds of instruments Track price movements faster Stay organized as a trader
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how long do scalpers hold trades Replied 2 months ago - Scalping is all about quick trades and fast profits, so the holding time is very short. How long depends on so many factors such as the trader, the pair, setup formation, etc.
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do demo accounts expire? Replied 2 months ago - Demo accounts are run on a server and these servers can get overloaded when too many accounts are hosted on them. This is part of the reason why unused accounts are yanked off and even active accounts expire after a while.
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what is one-click trading in my forex app? Replied 2 months ago - There is the legal aspect to one-click trading as the broker will not take responsibility if you click buy/sell mistakenly. because of this, the broker requires you to consent to a disclaimer notice before you can successfully activate one-click trading on their platform.
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How does Direct Market Access (DMA) work in trading? Replied 2 months ago - ECN You trade inside a shared trading pool. Your order is matched with anyone in that pool (banks, brokers, other traders). 👉 Think of ECN like joining a busy marketplace where buyers and sellers meet. DMA Your order goes straight to the real market order book. You interact with actual prices and orders sitting on the exchange or liquidity provider. 👉 Think of DMA like having a direct door into the market’s order book. ⭐ The difference in one line: ECN = Your trade is matched inside a private pool. DMA = Your trade is placed directly into the full market.
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What's the Risk Reward Ratio Formula in Forex? Replied 2 months ago - But hey personally, I like to place my stop loss at a safe distance away and I always like to hide my stops behind support/resistance levels. I dont just place a stop somewhere because I dont want to lose money or because I am looking for a comfortable RR
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what is the best indicator for spotting support & resistance on charts? Replied 2 months ago - Pivot Points Indicator. Pivot point indicators automatically calculate: PP (pivot) Support levels (S1, S2, S3) Resistance levels (R1, R2, R3) ✔ Great for intraday trading ✔ Easy to read ✔ Works well in forex, indices, metals
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what is pivot point in trading Replied 2 months ago - A pivot point (PP) is a calculated price level that acts as the central reference for the day. From it, several support (S1, S2, S3) and resistance (R1, R2, R3) levels are derived. It helps traders answer: “Where might the price reverse today?” “Where could support or resistance hold?”
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