MyTradingLand Logo
Log In

Forex Forum

Join the community of forex traders.

Filter By Category
what is the difference between btcusd and btcusdt Replied 8 months ago - How about a little breakdown to make it more comprehensive and relatable. USDT (Tether) is a stable coin that represents the value of BTC (bitcoin). USDT holds a stable value relative to the US dollar. This pair gives a little advantage against market fluctuations, since it can be traded without assets being converted to fiat a currency. Meanwhile, the pair BTCUSD represents the value of bitcoin in the US dollar, indicating the current price of BTC in fiat currency. This pair is used to buy or sell BTC using the actual US dollar currency. In my opinion BTCUSD is more volatile due to fluctuations in the dollar market. Meanwhile BTCUSDT is a little less volatile due to the stable coin in the pair.
0
3
0 Subs
anyone used xmaster formula forex indicator? Replied 8 months ago - Please how do i build a custom script for trading, I am looking for a script that can blot out other sessions and show me only the London session using a 5-minute timeframe, can you recommend any programmers?
0
3
0 Subs
gravestone doji: what do i do after i see one? Replied 8 months ago - If i see a gravestone doji in an upward trending market, i will prepare to sell but i will wait for a bearish confirmation candle to form after the doji before i enter.
0
1
0 Subs
which U.S. public holidays affect banks & stock exchanges Replied 8 months ago - Today is a major holiday in the U.S. as they celebrate their independence. I am not going to trade the new york session because there will be poor liquidity and stop losses will be hit easily as the market tries to look for liquidity from clients
0
7
0 Subs
is crypto haram? Replied 8 months ago - Because there is not much transparency when it comes to crypto and so many scammers utilize crypto as a means of moving funds and making it difficult to trace, most scholars will say crypto is haram. Crypto is a new phenomenon so whether it is haram or halal will depend on interpretation of scholars.
0
1
0 Subs
How Long Does RCG Markets Take To Verify Documents? Replied 8 months ago - I opened an RCG account from Kenya and it took 3 minutes to be verified using my National Id.Quite seamless and fast.
0
5
0 Subs
how does after hours trading work? Replied 8 months ago - I guess it depends on what you are trading. For stocks, the exchanges close around 4 pm so any stocks you trade after that are done during aftermarket hours. Not all stockbrokers may support aftermarket hours trading & the ones who do may charge higher fees. Not every order may be filled during aftermarket hours as some brokers only permit pending orders so that if they can fill it they do and if they cannot fill it, they leave it unfilled. For forex, aftermarket trading is when you trade outside the 4 major sessions (Sydney, Tokyo, London, New York). For example, in-between the Asian and the London session, there is a 2-hour gap which some call the Frankfurt session or the Pre-London session. If you trade during this time, it could be considered aftermarket hours trading. People who participate in aftermarket hours trading are the ones who are busy during the market hours, perhaps they have day jobs that don't allow them to trade when others are trading.
0
1
0 Subs
what can i trade on binomo? Replied 8 months ago - Binomo is not a forex broker, they are an options broker. At Binomo, you can trade options on different assets such as currencies, commodities etc. Binomo minimum deposit is $10 and you can trade some instruments by providing an initial margin as low as $1.
0
1
0 Subs
How Much is RCG Markets Minimum Deposit? Replied 8 months ago - Please do they have a minimum withdrawal? and do they request for bank statement before they approve withdrawal?
0
6
1 Subs
How do i register for the free forex training organized by the Nigerian government? Replied 8 months ago - The program starts on August 29th 2025, on that day it will launch in Abuja. I am still getting details will update you here. it will likely be a physical program holding in different states.
0
5
0 Subs
trade with sigma trader Replied 8 months ago - You will notice that the London & New York sessions coincide from 2 PM till 5 PM and this is a great time to trade forex pairs that contain the USD and it is also a great time to trade gold (XAU/USD)
0
17
0 Subs
Deriv minimum deposit requirement for SA traders Replied 8 months ago - @segun please which forex brokers have $1 minimum deposit in South Africa?
0
4
0 Subs
is us100 the same as nas100? Replied 8 months ago - US100, NAS100, USTECH100 etc. all mean the same thing - the Nasdaq Index
0
2
0 Subs
Anyone know the minimum withdrawal at Just Markets? Replied 8 months ago - Their withdrawals take 1 minute as per my experience with them
0
3
0 Subs
what is a carry trade in forex? Replied 8 months ago - Let me add to what @randolf has said. If you do not carry a trade properly you won't earn any interest, in fact you will be debited for the interest rate differential instead. Whether you earn overnight interest on a carry trade depends on if you are buying or selling the currency pair. In @randolf's example, USD/ZAR interest rate is 4.5% vs 7.25% so to earn interest you must sell the USD/ZAR pair and leave the trade open overnight. If you go ahead and buy USD/ZAR overnight, you will be debited instead because you are borrowing ZAR to buy USD, meaning you are borrowing ZAR with higher interest to buy USD with lower interest.
0
2
0 Subs
why xauusd is not moving today? Replied 9 months ago - XAU/USD has been trading within a range this week, and i suspect it has to do with trade tensions which are a fall out of the israel- Iran conflict. The United States has not yet made it clear if they will join in the war, so investors do not know if to run to gold or if to keep their investments in the us dollar.
0
2
0 Subs
what are the qualities of a good trader? Replied 9 months ago - I would say being a good observer is a good quality for a trader to have. You know how we play spot the difference where you are given two images and asked to find out a difference? Thats kind of like what i mean. Looking at the charts, a good trader should be able to spot areas of similarities quickly.
0
3
0 Subs
why don't brokers stop you from trading after reaching your daily loss limit? Replied 9 months ago - I agree with this but i guess it is not in the brokers interest to do so. They want you to trade as much as possible, so they get their fees. I mean, you even see brokers opening their platforms to traders on some public holidays (like Easter) when they know fully well that liquidity may be insufficient leading to higher spreads.
0
1
0 Subs
whats the pros & cons of 5ers prop firm? Replied 9 months ago - Minimum withdrawal is $150
0
10
0 Subs
how reliable is fibonacci retracement indicator? Replied 9 months ago - Its pretty reliable and works for me, been using it for years now. You just need to know how to draw the Fib line correctly and it displays possible levels where price should retrace. We should not expect too much of Fib or any indicator and shouldn't use them in isolation. Indicators should be used alongside commonsense price action.
0
3
0 Subs
1 2 ... 22 23 24 25 26 27 28 ... 38 39