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How much do I need to Start Forex Trading in South Africa? Replied 5 months ago - thats amazing kyle, same experience here lost over $500 while learning to trade but i take it is the school fees I paid to the market.
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orokpo1 Replied 5 months ago - todays trade. i am still under training, your advice will well appreciated. i did not enter on time on my second trade and it affected my stop loss.
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I always pay attention to candestick wicks, heres why Replied 5 months ago - I spotted another wick at 1.1658 and if you follow the trace of the blue arrow line, you will notice a bullish engulfing pattern formed at the 1.1658 level resulting in an upward rally
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why does price move back & forth within a range? Replied 5 months 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.
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Is Futures Trading Hard? Replied 5 months 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.
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Is Infinox Broker Legit or Scam? Replied 5 months ago - oh really @kyle maybe I will open an account with infinox then because they contacted me once on linkedin
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which forex brokers accept bvn & nin number in nigeria? Replied 5 months ago - FxPro
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ISA Act 2025: what does it say about retail online forex trading in Nigeria? Replied 5 months ago - Interesting, our government in South Africa is already regulating forex brokers
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What is the best leverage to use in forex for a $10 account balance? Replied 5 months 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
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what is the difference between ftmo and ftmo swing? Replied 5 months ago - FTMO swing is designed for swing traders such that there is no overnight fee
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Swing Trading vs Day Trading Replied 5 months 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
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what's us30 ticker symbol on ifx brokers? Replied 5 months ago - US30 index is also know as Wallstreet 30 or WS30 as ifx brokers displays it
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how i was able to trade on exness Replied 5 months 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)
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How did you overcome overtrading? Replied 5 months ago - How can we build such an interface @patrader?
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been making profit on demo account, am i ready for live trading? Replied 5 months ago - Yes, that makes sense
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Introduction Replied 5 months ago - You're welcome, there's plenty of information/threads on technical analysis here. For me I trade EUR/IUSD daily and post on my thread here. We can share ideas
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TRADES Replied 6 months ago - Nice one amos, i also took the franky reversal long trade. here is a screenshot of possible trade entries (in yellow circles) I would have taken.
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what's the best music to listen to while trading forex? Replied 6 months ago - I like listening to songs that encourage me to be careful and not take silly risks. "Another Day in Paradise" by Phil Collins is one of my favorites.
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what is the best simple moving average setting? Replied 6 months ago - For length, I use 14 days because I am mostly a day trader. Some people who are swing traders use as high as 200 days.
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Why do people think forex is a scam? Replied 6 months ago - Because many governments around the world refuse to regulate it, giving room for scams to thrive unchecked
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