Forex Forum

First trade of the week on Btcusd

He chose that Order Block because it was only mitigated before the MSS(Market structure shift) but one we have a MSS, it is a fresh order that hasn't been mitigated

4 pairs that works best with the slp strategy

I trade the SLP strategy too. 85% winrate on those pairs is not bad But it works on all pairs , forex, indices crypto,I even applied it in crypto degenerate trading

What is the minimum deposit for HFM, because their website says no minimum deposit but when I check their payment methods is says 5 USD

HFM has no official minimum deposit for most account types (Cent, Premium, Zero). The $5 you see is the minimum per transaction for certain payment methods (like credit/debit cards or some e-wallets), not the account minimum. Suggestion: Start with a small test deposit of $5–$10 via card to verify. Choose Cent or Premium account for lowest entry.

How Do I Connect My Exness Trading Account to MT5 on my Laptop? Its Asking Me To Choose A Server But I Don't Know Which To Select

To connect your Exness account to MT5 on your laptop: 1. Log into your Exness Personal Area. 2. Go to My Accounts → select your MT5 account. 3. Check the server name shown (e.g. Exness-MT5Real, Exness-MT5Real6, etc.). In MT5: - Click File → Login to Trade Account. - Enter your Login (account number), Password, and select the exact server from the list (type “Exness” to filter if needed). Tip: If the server doesn’t appear, go to File → Open an Account, search “Exness”, then choose the matching one. That should connect you successfully. Let me know if you get an error.

How Long Does RCG Markets Withdrawal Take?

RCG Markets withdrawal times vary by method: - OZOW / Instant options: Often same day or within minutes to a few hours. - E-wallets (Skrill, Neteller): Usually 24–48 hours. - Bank transfers: 1–5 business days (sometimes up to 10 days). My suggestions: - Use OZOW for the fastest payouts if available in South Africa. - Submit withdrawals early in the day and ensure your account is fully verified. - Keep screenshots of every request. Always check your client portal for the latest processing times, as they can change.

one impulsive trade can wipe out weeks of profit

That’s a classic trap. When you feel overly confident in a setup, reduce your lot size instead of increasing it. My suggestions: - Set a fixed risk per trade (e.g. 0.5–1% of account) no matter how sure you feel. - Use a simple rule: The stronger your conviction, the smaller your position size. - Always define stop-loss before entry and stick to it. Overconfidence kills accounts, trade small when you’re “certain.”

EUR/USD Daily Closing Price (London Session)

I will waiting for your update on this

How to get a Forex Trading License in South Africa

To get a forex trading license in South Africa, you need to apply for a Category I Financial Services Provider (FSP) licence from the FSCA (Financial Sector Conduct Authority). Key steps: - Register a company with CIPC (local office required). - Appoint a Key Individual and Compliance Officer who pass regulatory exams and "Fit and Proper" requirements. - Prepare business plan, policies, proof of capital, professional indemnity insurance, and other documents. - Submit the application online via the FSCA portal. Approval usually takes 4–9 months (sometimes up to 12 months), depending on how complete your application is. Suggestion: Strongly consider hiring a compliance consultant or lawyer experienced with FSCA applications to avoid delays and rejections. Check the official FSCA website for the latest forms and requirements.

how do i draw gann fan in forex?

Gann Fan basics: It’s a set of diagonal lines (angles) drawn from a major swing high or low. They show potential support and resistance based on the relationship between price and time. The key line is the 1x1 (45° angle) — balanced market. - Price above 1x1 = bullish strength - Price below 1x1 = bearish Other lines: 1x2, 1x4, 1x8 (shallower) and 2x1, 4x1, 8x1 (steeper). How to draw it on TradingView: 1. Select the Gann Fan tool from the drawing toolbar. 2. Click on a significant swing low (for uptrend) or swing high (for downtrend). 3. Drag to set the 1x1 line at roughly 45° (or let the tool auto-draw the fan). Tip: Use it together with horizontal support/resistance or moving averages for better confirmation. Simple but requires practice, test on historical charts first.

My EUR/USD Asian Session Trading Strategy

My suggestions: Focus on range trading or mean reversion, the session is usually low-volatility and range-bound for this pair. Use tight stops due to possible fakeouts and wider spreads. Look for setups in the first 1-2 hours after Tokyo open (around 00:00-02:00 GMT).

Anyone have a trading journal template I can use?

Core columns (one row per trade): - Date & Time - Instrument (e.g. DAX, EURUSD) - Direction (Long/Short) - Entry Price - Exit Price - Position Size / Risk % - P&L ($ or %) - Reason for Entry - Outcome (Win/Loss/BE) - Lesson / Notes (what went right or wrong) Keep it minimal at first, add screenshots of charts in a separate column or folder. Review weekly: win rate, average win/loss, and common mistakes. Many free ready-made templates exist on Google Sheets/Excel if you prefer to download and customize. Start simple and stay consistent.

This is how I enabled one-click trading on MT5

Quick additions for better one-click trading on MT5: - After enabling in Tools > Options > Trade tab, right-click on your chart and select “One Click Trading” to show the panel directly on the chart. - Always double-check your lot size before clicking — one-click has no confirmation. - Use it mainly on liquid pairs like DAX or majors to avoid slippage.

Which is the Best Forex Broker in South Africa?

Trade Nation is a solid choice for exactly that, fixed spreads from ~0.4 pips and full TradingView access on their commission-free standard account (most brokers only give it on raw/ECN accounts with extra fees). My suggestions: - Pepperstone (Razor account): Often tighter average spreads (0.0–0.1 pips on majors), excellent execution, and native TradingView integration. - Fusion Markets or 8CAP: Lowest overall spreads among TradingView brokers, raw accounts with minimal commissions, and very fast platforms. Compare live spreads and your local regulation before switching.

how to read bollinger band

Great breakdown on Bollinger Bands, clear and practical. My suggestions: - Don’t rely on the squeeze alone for direction. Add volume or a simple candlestick confirmation (like a strong engulfing candle) before jumping in. - After the breakout, wait for price to retest the middle band or the broken band edge, this filters out many false moves. - Pair BB with RSI: if the squeeze happens while RSI is neutral (around 45-55), the expansion tends to be stronger and cleaner. - For pending orders, set them just outside the range with a tight stop beyond the opposite band to keep risk small. Solid strategy overall

How is backtesting done on TradingView?

Yes, I’ve backtested plenty of strategies on TradingView. Here’s exactly how it’s done (two simple methods): 1. Automated backtesting (best for rule-based strategies): - Open your chart. - Click Pine Editor at the bottom. - Write or paste a strategy script (starts with `strategy` not `indicator`). - Define your entry/exit rules using `strategy.entry()` and `strategy.exit()`. - Click Add to Chart - Open the Strategy Tester tab at the bottom – it instantly shows net profit, win rate, max drawdown, trades list, etc. - Tweak settings (commissions, slippage, initial capital) for realism. 2. Manual backtesting (no coding, great for discretionary rules): - Open your chart. - Click the Replay button (top toolbar). - Pick a past start date or use “Random bar”. - Play the chart forward bar-by-bar and manually apply your rules while noting results. Free accounts only go back a limited number of bars. For deeper history, you’ll need a paid plan (or journal daily screenshots like the earlier tip). Start simple, test on multiple timeframes/assets, and always include commissions/slippage. That’s it.

Nairatrader

Glad to hear Nairatrader is working well for you with easy twice-weekly withdrawals and rules that don’t punish you like other prop firms. My suggestion: Keep a simple daily journal (screenshots + notes on every trade) and review it weekly. It builds your edge faster than relying on the platform alone and helps you scale accounts without blowing up. Stay consistent and risk only 1% per trade max, it might based on you

Best time to trade crypto in Australia

Agreed. For crypto trading from Australia, the NY session is still the best pick for liquidity and real momentum – most volume and institutional money flows through US exchanges then. My suggestions: - Trade the NY open (your ~11:30 pm – 5 am AEST) if you can stay up or use alerts. - London open (your morning) is a solid second choice for decent European volume without the full US grind. - Watch the London-NY overlap (your ~2–5 am) for the highest liquidity spikes of the day. - Set alerts or use a 24/7 bot/scanner so you don’t have to stare at charts all night. That way you catch the real moves without forcing yourself into dead Asian sessions.

How to open a real forex account on MetaTrader 4

That's correct. You can't open a live MT4 account directly inside the platform. You must go to your broker's website, complete the live account application, get your MT4 login details, then log in with those credentials inside MT4.

How To Use Trailing Stop Loss

just tell the trailing stop how many pips of profit you want to be securing as price moves in your favor. Open a trade, right click on it and select "trailing stop". If you select 10 pips then as price moves in your desired direction, every time your profit is up to 10 pips, the system will shift your stop loss accordingly to secure it.

Journal, dont be lazy !!!

If you can't afford a paid TradingView plan, taking daily screenshots or keeping a simple trading journal with chart images is a good free workaround. Over time, you'll build your own personal archive of historical charts that you can easily go back to whenever you need. It takes a bit of discipline to do it consistently, but it saves money and can actually help you stay more aware of how the markets looked on those specific days.