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Why do people think forex is a scam? Replied 4 months ago - Because many governments around the world refuse to regulate it, giving room for scams to thrive unchecked
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why is cfd trading so hard? Replied 4 months ago - Because most retail cfd traders are trading with insufficient capital so they get stopped out easily. Another reason is because there in cfd trading, it is possible to make money when price is rising and when price is falling. This creates room for greed and market chasing. When you trade in one direction and things do not go as planned, there is atendency to want to switch bias and trade the opposite direction. So, the market keeps taking you on a wild goose chase till you blow your account.
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any best forex trading games for beginners to download for free? Replied 4 months ago - Thanks @mrcasey, forex hero is so intersting to play and I have learnt so much.
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how frequently should i monitor an open trade? Replied 4 months ago - I only monitor an open trade when it is nearing a level of support/resistance. outside that I dont bother to monitor i just set my TP
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Which Forex Broker in Nigeria Has The Best Customer Support Teams Replied 4 months ago - Tickmill is good because their live chat takes you straight to a human and not a bot. Trade Nation is also good
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is kwakol markets a scam in nigeria? Replied 5 months ago - They are unregulated and to add salt to injury, their website has been taken down. I would avoid them if I were you. There are so many legit brokers operating in Nigeria that nobody should lose money to an unregulated broker.
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is the U.S. bond market open on veterans day? Replied 5 months ago - No, the bond market is closed on Veterans Day because bonds are government securities and since government offices will be closed the bond market will also be closed.
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Tickmill rebrands with a new logo, but has anything really changed? Replied 5 months ago - Their customer support is still poor; you chat them on live chat and don't get a response.
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what is paul tudor jones net worth, what is his trading strategy? Replied 5 months ago - His hedge fund, Tudor Capital; manages assets worth upwards of $4 billion. His trading strategy today is a secret they do not really divulge details. But if you check his hedge fund's website you will see the assets they invest in.
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does tradingview have trailing stop loss? Replied 5 months ago - Nice one, I almost forgot that TradingView had this feature
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what does bitcoin mining mean? Replied 5 months ago - Yes, just open an account with a bitcoin exchange and deposit money, then you can buy fractions of bitcoin and own them.
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is wmarkets a scam? Replied 5 months ago - They are not a regulated broker, and I have heard people complain about not being able to withdraw for weeks but they were later able to withdraw after several delays.
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Exness Becomes latest ODP License Holder in South Africa Replied 5 months ago - But why are brokers without ODP license still allowed to operate in SA?
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why do brokers split withdrawals into small bits? Replied 5 months ago - I think its for compliance to anti-money laundering laws
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Is Deriv Legally FSCA Regulated in South Africa? Replied 5 months ago - Not a recommendation but AvaTrade is good for fixed spread and I use them. I also use Trade Nation for trading currency pairs because their spread is low.
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do you think exness is better than hfm in Kenya? Replied 5 months ago - Both Exness & HFM are CMA regulated brokers offering the same 1:400 leverage and cent accounts for beginners. But when it comes to customer service & access to markets, HFM is better
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what is top down analysis in trading? Replied 5 months ago - When I switch to the lower 5-minute time frame, you will notice that the previous month low is acting as resistance to price, causing a downward movement after retest. This is a classic example of how top-down analysis can be applied to trading.
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as a trader don't hesitate to pull the trigger Replied 5 months ago - I would say always wait for confirmation of a candlestick pattern before entering. I don't enter immediately i see a candlestick pattern, I place a pending order 2 0r 3 pips above the pattern and wait for price to go to the pending order and trigger it. By doing this, I avoid fake outs.
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Is Robinhood an investment or trading platform in the UK? Replied 5 months ago - Robinhood is for investing and trading, but you cannot trade forex with them. Their product catalogue is very limited; you can only trade equities and options. Their customer service is a joke so beware.
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which investment platforms have cash sweep program? Replied 5 months ago - Interactive Brokers & Robinhood are the ones I know have cash sweep programs for uninvested cash. But that of Interactive brokers is more effective
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