MyTradingLand Logo
Log In

Forex Forum

Join the community of forex traders.

Filter By Category
is deriv synthetic indices better than real indices? Replied 2 weeks ago - I think synthetic indices can be manipulated by the brokers offering them causing you to lose in the long run
0
4
0 Subs
My broker often rejects my withdrawals, should I be concerned? Replied 2 weeks ago - rejection of withdrawals is a red flag and a sign of a scam broker. Do not take it lightly, especially if it keeps recurring.
0
4
0 Subs
if i begin a trade on my laptop can i complete it on my mobile phone? Replied 2 weeks ago - Yes desktop trading platforms like MetaTrader also have mobile apps, so you can manage a trade you initiated on the desktop from your mobile app.
0
5
0 Subs
My first trade experience Replied 3 weeks ago - Today, the reversal occured late, during London. There was an initial fake reversal, followed by the real reversal.
1
5
1 Subs
can i open more than one trading account with a broker? Replied 3 weeks ago - Yes brokers allow you open more than one account. For example you can have an account for the MT4 platform and another account for MT5
0
6
0 Subs
what do gaps on my forex chart mean? Replied 3 weeks ago - It means price moved without trading taking place, so something else caused the price to move (such as breaking news, dark pool trading etc.)
0
6
1 Subs
which currency pair is most profitable in forex? Replied 3 weeks ago - I beleive profit comes when you find a good strategy on any forex pair/instrument. So for me, none is more profitablr than the other.
0
6
0 Subs
what should i consider when choosing a broker? Replied 3 weeks ago - trading & non-trading fees and regulation. do you know some brokers even charge yearly admin fees up to $100? some of them charge double the spread that other charge, causing you to pay more when your friends are paying less.
0
6
0 Subs
is it good to keep shifting my stop loss as price nears it? Replied 3 weeks ago - For me I hate to take many trades, I just take one or two trades in a day. For the trade I take i can adjust the stop loss if the market is too volatile.
0
3
0 Subs
Which is the best forex academy in Lagos? Replied 3 weeks ago - A friend of mine attended Fire Pips Axademy in Lagos and she said it was good but they taught just the basics then fed students with signals to trade with. Dont expect to become profitable just because you attended a forex academy, you need to trade consistently for a while and learn from your mistakes to become profitable. I also dont buy the idea of a forex academy giving signals to students, they should teach the students the secrets and let them trade for themselves.
0
2
0 Subs
Is Assexmarkets a Scam? Replied 3 weeks ago - Assex markets claims to be regulated by the FSRA in ST. Lucia but when you viit the FSRA website, they posted some warnings about some scam forex brokers. In the warning they expressly said that "Forex Business is not Licensed in Saint Lucia" so Assex Markets is definitely lying about their ST Lucia regulation
0
7
0 Subs
How did you overcome overtrading? Replied 3 weeks ago - How can we build such an interface @patrader?
1
7
1 Subs
EURUSD Replied 3 weeks ago - Okay.
3
624
15 Subs
London Session Forex Time in Nigeria Replied 4 weeks ago - I trade the London session every day and I can tell you that after DST is over, London session opens from 9 AM. However, during DST London opens by 8 AM. DST or Daylight Savings Time is when Nigerian time is the same as London time but after DST Nigerian time becomes ahead of London time by 1 hour. DST is from the start of March till october ending every year. To cut the long story short, during DST Nigerian forex traders should wake up early to trade the London session open by 8 AM. After DST, Nigerians should wake 1 hour later to trade the London open by 9 AM.
1
4
0 Subs
what is FOMO in trading & how does it manifest? Replied 4 weeks ago - FOMo for me is basically when you try to chase the market and because you enter in a hurry, you fail to do the necessary technical analysis which you usually do. To fight FOMO, I always tell myself that there will always be another trade so even if i miss one setup I dont try to chase it. Sometimes, the best trade is no trade because although you do not make money, you also will not lose money 😊
0
2
0 Subs
what is scalping in forex Replied 1 month ago - I am not sure why but I am guessing they dont want their network over-burdened with excessive in and out transactions
0
7
0 Subs
Can an MT4 Account Work on MT5 ? Replied 1 month ago - I think not, MT4 accounts cannot work on MT5
0
3
0 Subs
How Do I Take Partial Profit on MT5 Without Closing The Trade? Replied 1 month ago - nice one
0
4
0 Subs
Do I download mt5 from brokers website or playstore? Replied 1 month ago - Makes no difference, you can download mt5 from any of the sources.
0
3
0 Subs
Is copy trading the same thing as social trading? Replied 1 month ago - Copy trading is you sitting back and letting what someone else trades on his account, be replicated in your account. Although you can choose to exit the copy trading relationship by unfollowing the strategy provider, thats about as much control as you get. Social trading has to do with someone sending you signals as we see on Telegram channels and you choose whether or not you will trade the signal.
0
4
0 Subs
1 2 3 4 5 6 7 8 9 10 ... 33 34