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What is easyMarkets Minimum Deposit in ZAR? Replied 8 months ago - easyMarkets minimum deposit is 3 ZAR for their MT4 & MT5 account types but if you want to open their TradingView fixed spread account you need a $25 minimum deposit
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When is CPI in forex South Africa? Replied 8 months ago - A simple strategy for trading CPI is to mark the highest and lowest points of the first 15 minute candle that forms when cpi is released. After that, wait for price to break through the upper or lower line you marked then you trade the break accordingly after confirmation/retest of the breakout level. .
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MT4 vs MT5 who is the winner? Replied 8 months ago - Purely from the point of view of charting library, both MT4 & MT5 in my opinion are not as good as Tradingview. I use the broker's platform (it can be anything, MT4 or MT5 or proprietary) for placing orders only, not for charting. But if you have to make a direct comparison between MT4 & MT5: a. You can find higher number of instruments on a broker's MT5 platform like stock CFDs. But it necessarily does not make it better. b. One good thing about MT5 is that you can code EAs & indicators in Python, while you have to write it in MQL4 in MT4. It is much easier to write your own scripts in MT5 & run it on a server, compared to MT4. Not that you cannot do it on MT4, but it's just much easier to do it in Python, there are more libraries & help compared to MQL4.
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how to transfer money from fx royale to bank account Replied 8 months ago - Hello Josiah, I am not sure if you are referring to fx royale trading simulator but if you are, it is just a trading computer game and the funds are not real. You cannot transfer the funds to your personal bank account, any money you make trading on the game is meant to be spent in a virtual world (within the game) buying houses etc. just like in monopoly.
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how to remove trade history on mt5 Replied 8 months ago - Like Daniel said, you can simply right-click and select trade history but if that doesn't work then right-click, select "properties", click on "show" then tick the "show trade history" box.
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What happened to Veracity Markets in South Africa? Replied 8 months ago - Veracity Markets was banned by the FSCA from acting as a Juristic representative to Nirvesh Financial Services (who are an authorized FSP) and who had appointed them to act as their rep. The reason Veracity Markets was banned from acting as a representative to Nirvesh Financial Services, was because they were acting as an Over-the-counter Derivative Provider (ODP) without holding an ODP license from the FSCA. In other words, Veracity Markets was trading against its clients instead of passing the trades to a third-party liquidity provider of some sort. When someone complained to the FSCA about the illegal actions of Veracity Markets, they launched an investigation and in the end Veracity Markets was fined a penalty of R10 Million, while two of its directors were fined R1 million each. The FSCA also imposed a penalty of R1 million on Nirvesh Financial Services (who appointed Veracity Markets as their representative) and another penalty of R100,000 each on two Key Individuals of Nirvesh.
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Is FirewoodFX no deposit bonus legit? Replied 8 months ago - Yes, the Firewoodfx no deposit bonus is not a scam. I just got my $20 bonus without making any deposit. I have downloaded their MT4 platform to start trading the bonus. Wish me luck!
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Does Exness Have Minimum Withdrawal? Replied 8 months ago - Greetings Sandy! @Josiah has already answered the question but let me also add that with Exness, you need to send in your withdrawal request early (lets say before 1pm) so that you can get the money on the same day.
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Any good forex trading books that are a must-read for traders? Replied 9 months ago - Someone recommended this book: "The Disciplined Trader" by Mark Douglas". Has anyone read it or does anyone know about the author?
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Is Pocket Option Legit? Replied 9 months ago - Pocket Option is a binary options platform that is regulated by an unpopular regulator called the Mwali International Services Authority. They are a weak regulator and chances are they may not even be monitoring what Pocket Option is doing. For a while Pocket Option was unregulated, I think they just had to get this license from Mwali after people raised concerns about their unregulated nature. To answer your question, Pocket Option is legit because they are regulated but they remain a high risk trading platform so be cautious.
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Best time to trade crypto in Australia Replied 9 months ago - I trade crypto either at the start of the London session or at the overlap of the London NY sessions. Crypto can also be traded during weekends but you'd have to be really desperate to do that because you wont see much action. Let me also add that one of the worst times to trade crypto in Australia & anywhere on the planet is during or immediately after major news releases (like NFP or CPI news).
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When does the forex market open & close in South Africa? Replied 9 months ago - Great morning Josiah, Let me contribute to this thread. The forex market stays open 24/5 and only closes on weekends. So all through the week (Monday to Friday) trading takes place nonstop. for someone in South Africa, the forex market will open on Sunday in the night at about 10:00 pm and when it opens you will be witnessing the Asian session which is not a very good time to trade. After opening, the forex market will remain open during all work days (except major public/bank holidays) and close by 11:00 pm in the night on Friday in South Africa. The forex market has to close on Friday because the main actors are big banks and thy don't work on weekends. if you want to trade during weekends, consider trading cryptocurrency or derived indices.
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which time frame is best for day trading? Replied 9 months ago - When day trading I use the minute time frames and I also use the TradingView or MT5 platforms because they offer more timeframe options than MT4. Although I focus more on minute timeframes, every once in a while I still glance at the higher timeframes to get a bird's eye view of the market landscape.
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what's the best options trading platform south Africa for beginners? Replied 9 months ago - Johannesburg Stock Exchange also offers options on stocks JSE listed companies so to buy these options you must pass through a JSE accredited stock broker see list here https://www.jse.co.za/find-a-broker-institution However, if you want the cheaper route and you want to trade options on interntional stocks without owning them, then you can pass through an FSCA accredited Financial Service Provider like AvaTrade which is well known for options trading.
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Is CFD Trading in Malaysia Forbidden? Replied 9 months ago - Herse my take: CFD trading in Malaysia may be legal but it is only legal for so called sophisticated traders (meaning professional/institutional traders) and it is not meant for retail traders.
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which is the best laptop for trading with expert advisors & coding? Replied 9 months ago - I use a Lenovo IdeaPad PRO 5 which I bought last year so I've only owned it for about 4 months, so far so good I think its a good laptop for trading but its quite pricy around 750 USD. Here is what I love about the laptop: 1. 84 WHR Battery Life - helps me reduce the amount of times I have to charge it, and it lasts about 7 hours on a full charge. 2. Intel Core Ultra 9 Processor (16 cores) - which is more power efficient than the i9, and good for running Artificial Intelligence tasks. 3. 32GB RAM - makes for multitasking and I can open several tabs at once. Because of the 32GB RAM the laptop is faster and it helps when I am coding and back testing. 4. Headphone & Mic Jack - great for content creation 5. Comes with Wind0ws 11 PRO OS - again, great for content creation and video editing 6. Backlit Keyboard - makes coding less boring and helps me not fall asleep at night Here is what I hate about the laptop 14 inch display No USB Type-C port Kind of heavy @ 1.46kg Very pricy No pointer device
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Trade245 withdrawal still pending, what's their withdrawal time? Replied 9 months ago - Trade245 withdrawals take 24 hours but they are very strict on verification of documents and stuff like that; and this can affect your withdrawal time. In your case you have not stated the means of withdrawal you selected but my thoughts are you have some pending documentation issues so you should get in touch with them again.
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Apa itu CFD? Replied 9 months ago - CFD adalah perjanjian antara anda dan broker CFD supaya broker membenarkan anda berdagang instrumen asas seperti forex, saham, indeks, walaupun anda tidak mempunyai wang yang mencukupi. Instrumen yang akan anda dagangkan, adalah milik broker CFD jadi dia hanya membenarkan anda mengambil posisi sama ada harga akan naik atau turun dan yang perlu anda lakukan hanyalah mendepositkan sedikit wang yang tidak sampai pun kepada kos instrumen yang anda dagangkan. Jika anda meramalkan dengan betul, broker CFD akan membayar anda jumlah di mana harga telah meningkat tetapi jika anda salah, broker CFD akan meminta anda membayar kerugian tersebut.
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RCG Raw Account Meaning Replied 9 months ago - The Raw Account on RCG Markets is a trading account type that offers competitive spreads starting from 0 pips, with no markups or commissions, and is suitable for experienced traders who want direct market access and tight spreads An ECN (Electronic Communication Network) Account is a type of trading account that connects traders directly to the market, allowing them to interact with other traders and liquidity providers. Key Features: - Variable spreads - Commission fees apply ($7) - Direct market access (DMA) execution model
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How is the withdrawal time at Just Markets? Replied 9 months ago - I have personally made several withdrawals from Just Markets and their withdrawals time is instant (around 1 minute) when you select the online bank transfer method. If there is any network downtime that is going to affect withdrawal speed, just markets will send you a notification in advance (check your personal area) telling you that they are having network issues that will affect withdrawals. I have not withdrawn using other methods apart from online banking, so I cant testify to their withdrawal speed.
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