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how to withdraw from prop firm demo account Replied 9 months ago - Great question @davis ! For normal demo accounts with brokers, you cannot withdraw money because it is simulated. For prop firms they compensate you with a "payout" after you meet some trading milestone to be determined by them. However, the payout from a prop firm is not the consequence of the trades you placed on your demo account, they only pay you that money as a means of encouraging others to use the prop firm. Think abut this: 100 people buy a prop firm challenge and only 5 people receive a payout so clearly they use the money from the 95 people to pay the 5 people. Although the prop firms themselves will argue that when you place a trade on a demo account, they "mirror" the trade and execue it on their own live account hence the profits which they give to you as a payout, but there is not much evidence to backup their claim. So, if you qualify for receiving a payout from a prop fir, you can withdraw it by logging into your client area and clicking on "withdraw" or "request payout". The funds will usually be credited into your account number after some days.
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whats the fastest way to connect exness to mt5? Replied 9 months ago - Get your account login details by logging into your exness personal area, click on "my accounts" then copy the MT5 login (which is your account number) then take note of the server name. Go back to the MT5 platform you downloaded, and use these details to login. If you have forgotten your password, you can also change login password from your personal area.
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is asia session the same as sydney session? Replied 9 months ago - I think Asian session is just a general name for the sessions of Tokyo & Sydney because they start just hours apart.
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what is break even in forex Replied 9 months ago - its a situation where you exit a trade without any profit or loss, so you and the market are even
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What you need to know about forex as a beginner Replied 9 months ago - This is really helpful. Thank you
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what are the 4 sessions in forex? Replied 9 months ago - Farah please shed more light on this "Frankfurt session", I've never heard of it.
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The hard trade is often the right trade, agree? Replied 9 months ago - The human brain is wired to avoid risk and play it safe, so yes, the difficult decisions are usually the most profitable even in trading.
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its not how much profit you make, but how much you keep Replied 9 months ago - I can relate to what youre saying George! Its the cold truth! Its easy to call yourself a trader but how much of the profit do you really keep gicing it back to the market? It is like running around in cirlces only to find yourself back at the begining. When i started trading XAU/USD i was always making money then losing it back to the market until I said to myself "this has to stop". I began trading responsibly and only taking high quality trades with a high probability of success. I also started cutting my losses very early not giving them time to grow. The solution is to manage risk properly and not lose too much money in one day, so you have enough gun powder to try again the next day.
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what is a bearish trend in forex, why is it called beaish? Replied 9 months ago - A bearish trend is so called because the candles are usually falling downwards just like when a bear is attacking, standing on its hind legs, and using its paws to strike downwards.
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is rcg markets withdrawal instant? Replied 9 months ago - No thet do not accept PayPal. For me i use bank transfer, skrill or e-mola
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Master One Pair & Milk It Replied 9 months ago - I suggest eur/usd pair for beginner traders because it is not too volatile and there is a lot of information on it online for free.
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do XM withdrawals take longer than necessary? Replied 9 months ago - Their local bank withdrawal method is the fastest, as it is treated instantly. I once deposited & withdrew using my ATM card and i experienced delays (up to 3 days) in withdrawing so i suggest you only use local bank or even skrill.
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is kwakol markets regulated and legit? Replied 9 months ago - The broker has no functional website, I wonder why people ae still trading with them.
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Does Vantage Markets accept traders from Nigeria? Replied 9 months ago - Nigerians are accepted at Vantage Markets and their accounts placed under the regulation of the Vanuatu Financial Services Commission. Their leverage is 1:500 and their minimum deposit is $50.
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Please suggest legit brokers with $1 minimum deposit Replied 9 months ago - IG Markets, SpeadEX, XTB
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What Is The HFM Minimum Deposit in ZAR? Replied 9 months ago - HFM minimum deposit is $5 or ZAR equivalent
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What's Octafx minimum deposit in ZAR? Replied 9 months ago - They have a $25 minimum deposit
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how do winning traders think? Replied 9 months ago - They get out of losing trades almost immediately, they dont give a loss time to grow. Its the hardest thing to do and even after I have said it here many traders wil still not be able to do it. Its like people freeze when they see losses . So basically, winning traders are comfortable with seeing small losses on their balance sheet, they dont aim to win every trade.
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what's the difference between bid price & ask price in forex? Replied 9 months ago - The bid/ask prices can on the same instrument can be different with various brokers, because every broker gets their bid/asj pricing from different sources. Whatever is the case, always look for a broker with low bid/ask price difference or low spread. it makes trading cheaper over the long run, as these spread fees can add up over time if you are a frequent trader.
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which candlestick pattern is most reliable in forex? Replied 9 months ago - Hammer head candlestick pattern seen atthe end of a trend usually signals a reversal of the trend.
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