MyTradingLand Logo
Log In

Forex Forum

Join the community of forex traders.

Filter By Category
why does price move back & forth within a range? Replied 1 week ago - The dominant trend is a bullish engulfing signalling a buy. Price has not been able to close below the bullish engulfing pattern hence the support linne i drew.
0
3
0 Subs
Is Futures Trading Hard? Replied 1 week ago - Futures are not for the average trader, they are for extremely experienced traders with vast investing background. Every futures contract is marked-to-market when you leave it open overnight and this is just not chargin swaps like in CFD trading. When the broker marks your futures contract to market at the end of each day, the closing price (difference) of the underlying asset whose futures you bought will be deducted from or added to your account balance. Calculating the value of a futures contract is also a bit more complex than finding pip valu in CFD trading. Futures move with ticks abd each tick has a dollar value stated in the contract and the value can be big.
0
2
0 Subs
Is Infinox Broker Legit or Scam? Replied 1 week ago - oh really @kyle maybe I will open an account with infinox then because they contacted me once on linkedin
1
2
0 Subs
which forex brokers accept bvn & nin number in nigeria? Replied 1 week ago - FxPro
0
3
0 Subs
Exness vs XM which is better for Nigerian traders? Replied 1 week ago - XM spreads cannot be trusted they can manipulate, but Exness is more reliable
0
10
4 Subs
does goat funded trader offer free trials? Replied 2 weeks ago - No, but try Think Capital, the prop firm offers 14 day free trial
0
2
0 Subs
What's the minimum I can deposit to trade with Oanda? Replied 2 weeks ago - I dont think they have a minimum deposit at Oanda.What instruments do you hope to trade because you also have to consider the spread
0
3
0 Subs
Has anyone traded with FxPro Nigeria? What was your experience like? Replied 2 weeks ago - FxPro deposit and withdrawal process is so smooth, that is what I like about them. I hear they have added TradingView to their platforms now which is great.
1
7
3 Subs
Best Time To Trade Forex in Nigeria Replied 2 weeks ago - New York session is also great for trading gold
1
6
2 Subs
Does MT4 Have Economic Calendar? Replied 2 weeks ago - it doesnt but you can istall it as an add-on
0
3
0 Subs
ISA Act 2025: what does it say about retail online forex trading in Nigeria? Replied 2 weeks ago - Interesting, our government in South Africa is already regulating forex brokers
0
5
1 Subs
What is the best leverage to use in forex for a $10 account balance? Replied 2 weeks ago - $10 is barely enough to open a reasonable lot size so you will ne needing high leverage like 1:2000 if you want to trade 0.02 lot size of a major fx pair
0
10
2 Subs
what is the difference between ftmo and ftmo swing? Replied 2 weeks ago - FTMO swing is designed for swing traders such that there is no overnight fee
0
2
0 Subs
does anyone have inspiring forex success stories to share? Replied 2 weeks ago - i used to record losses for a long time (around 2 years) but after i started sticking to one strategy and taking profit once it reached 10 pips i became profitable
0
2
0 Subs
when do you use limit and stop order in forex trading? Replied 2 weeks ago - A buy stop order is used to target market entry at precise price, if that price is not available, the buy order will be "stopped" and will not be executed. Buy stop order must be placed above the current market price. So if the current EUR/USD price is 1.15940 you must place the buy stop to be triggered at a price higher than 1.15940. The sell stop order is just the reverse of the buy stop and is used when you want to sell below the current market price. A buy limit order is used when you want to buy at a price lower than the current market price, so it must be set under/below the current market price. The sell limit order is just the reverse. Both stop and limit orders fall under the 'pending order" category and are set in advance then you wait for price to get to it and trigger it. Assume you want to go out for lunch and you want a trade to be executed after price gets to a certain level, you simply set your pending order and go out.
0
2
0 Subs
Swing Trading vs Day Trading Replied 2 weeks ago - Day trading is most popular and more profitable for me because the longer you leave a trade open, the higher the odds that price can move against you
0
2
1 Subs
How much is 1 pip in forex Replied 2 weeks ago - Thanks @Patrader
0
4
1 Subs
what's us30 ticker symbol on ifx brokers? Replied 2 weeks ago - US30 index is also know as Wallstreet 30 or WS30 as ifx brokers displays it
0
2
0 Subs
how i was able to trade on exness Replied 2 weeks ago - I dont think they do, these are their supported payment methods: Online bank Neteller Skrill SticPay Perfect Money Tether (USDT ERC20) Tether (USDT TRC20) USD Coin (USDC ERC20)
0
9
0 Subs
should i trade on the one-hour timeframe? Replied 2 weeks ago - It is about the value of your loss. If you are okay with taking a $100 loss, and your SL has to be 100 pips, then you just trade 1 mini lot. But if your SL has to be 10 pips, then you can trade 10 mini lots. On the higher timeframe, you would be capturing a bigger move. You just adjust your lot size based on your SL. You would not suddenly risk a $1000 to place a bigger SL, when you are used to risking only $100.
0
8
0 Subs
1 2 3 4 5 6 7 8 9 10 ... 33 34