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What is the Minimum Deposit for XM in ZAR? Replied 6 months ago - XM minimum deposit is not the same for different deposit methods. The $5 minimum you see on their website is for cards & EWallet deposits. Depositing from your South African bank account has a $30 (540 ZAR) minimum deposit.
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What is AvaTrade minimum deposit in ZAR Replied 6 months ago - is avatrade really a good broker?
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Is veracity markets back? Replied 6 months ago - There are lots of scammers claiming they can help people recover their funds from veracity markets but its all a lie. They will ask you to pay them a recovery fee, then flee with your money.
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disinflation vs deflation: which is better for a currency? Replied 6 months ago - inflation is good for currency.. deflation is bad. It's not that easy some currencies can thrive because of geopolitical situations. Being safe haven and all. But for currency traders the fundamentals don't matter if the trade timeline is intraday or even a swing trade.
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eurusd vs xauusd which is better? Replied 6 months ago - EU above all.
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Alpha Markets minimum deposit in ZAR Replied 6 months ago - Alpha markets is a high-risk broker mainly because there is no clear way to contact them. On their website, there is no phone number, no email and no live chat. If you have a problem with your deposit, it may take ages to resolve it.
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How does Direct Market Access (DMA) work in trading? Replied 6 months ago - DMA gives you a direct connection to get pricing from the market without passing through your brokers dealing desk. It is most helpful in stock trading because you can also trade during after-market hours. DMA can be expensive if you are trading small volumes because you still pay a flat commission per trade, stock exchange fees, plus other hidden fees. This is the reason why some brokers reserve DMA for high-volume traders alone. DMA is a good trading superpower but only if it is in the right hands, if not it can do more harm than good if you are a novice.
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How does the 200 bonus work on Vault Markets? Replied 6 months ago - The bonus is 200% of your deposit so if you deposit $100 you get a $200 bonus and your balance becomes $300. With this $300, you can open several trades but be careful to only open quality trades because if the trades become losers, the bonus does not act as margin so you get stopped out pretty quick.
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Which are the Best Prop Firms in Nigeria with Low Challenge Fees? Replied 6 months ago - The cheaper the fees, the higher the failure rate. Its all failure by design
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why is oil price dropping Replied 6 months ago - See screenshot of US Oil Inventory data gotten from the United States Energy Information Administration (EIA). You will notice a drop in inventory figures in the month of June. This can cause oil prices to drop too. Drop in inventory = More oil exports by the US = over supply = lower oil prices
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what is FVG? Replied 6 months ago - I agree with @Karbin, these course sellers make something so easy so complicated.
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Vault Markets Minimum Deposit Replied 6 months ago - Vault Markets minimum deposit is 50 ZAR for Micro Accounts and 500 ZAR for Standard Accounts.
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which is the best broker for trading cpi? Replied 6 months ago - I'll definitely advice you not to trade CPI news itself if you don't already have a position in the market that is well in profit. When trading news, there is a risk of bad fill of your positions. If the market is moving or gaps, your SL will not get hit at your price. For example, if you had a 10 pips SL, and the market gaps or moves 40 pips in micro seconds (common during news), you will get a fill at -40 pips. I've seen it happen with td365, they don't have guaranteed fill. The position was not during any active news, it just so happened that Trump said something, and the EURUSD went down 20 pips in a second. The stop was hit at the news best price, not at my set SL. If your broker does not have a guaranteed Stop loss, there is a big risk that you will lose all your equity on just on trade on that CPI day. If you must trade CPI, choose a broker with GSLO.
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who is your best forex broker for carry trades & why? Replied 6 months ago - CMC Markets I use CMC Markets for carry trading because they state clearly how much you will earn or lose on each carry trade. They are also offering 300+ fx pairs with a wide range of exotics, which is great for me.
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please mention some countries where the rand is stronger than their currency Replied 6 months ago - INDONESIA The Rand is 912-times stronger than the Indonesian Rupiahs. The current Rand to IDR exchange rate is R1/912.53 IDR
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what's the meaning of no deposit bonus in forex Replied 6 months ago - Headway broker gives free bonus of $111, without you making any deposit in South Africa. Another broker that gives bonus on registration without deposit is Firewoodfx
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What is FP Markets minimum deposit in ZAR Replied 6 months ago - Local bank transfer works for me. I also tried their broker-to-broker transfer and it was really slow
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which forex brokers do not accept Nigerian traders? Replied 6 months ago - BlackBull Markets does not accept Nigerians
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does unemployment rate affect the exchange rate of a currency? Replied 6 months ago - Yes, it does and that's why people trade USD pairs immediately after the Nonfarm Payroll (NFP) US jobs report is released every month. The us dollar exchange rate will mostly rise or fall depending on the content of the NFP report.
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how do you manage to stay disciplined as a trader? Replied 6 months ago - I wait till i see the setup I'm looking for before i trade. If i don't see the setup, then i don't trade at all. No position is still a position, I may not make money that day, but at least i will not lose money.
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