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What is the minimum amount I can withdraw from FBK Markets? Replied 11 months ago - R100 is the minimum withdrawal for FBK Markets that operates in South Africa as a Juristic Rep to RocketX (Pty) LTD.
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What is the minimum amount withdrawable at XM? Replied 11 months ago - XM minimum withdrawal is 5 USD which is the same amount as their minimum deposit.
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What is Scope Markets minimum deposit with MPESA? Replied 11 months ago - Scope Markets allows $10 as minimum deposit for forex traders in Kenya and $50 as minimum deposit for those investing in real stocks & Nairobi Stock Exchange futures. KES base currency is available so you can deposit in local Kenyan Shilling via MPESA.
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Anyone Know Markets.com minimum deposit in ZAR? Replied 11 months ago - You must always deposit at least 1,000 ZAR into your Markets.com account because that is the minimum they will permit. They also give up to 20% in bonuses when you deposit.
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What are the best apps for forex trading in Kenya? Replied 11 months ago - I agree with @Morris on Exness, out of all the CMA regulated forex brokers in Kenya, Exness has the best mobile app I have used. The runner-up is FP Markets. Basically I can set and adjust my Stop Loss on the go from the Exness app and I can analyze charts using the drawing tools on the integrated TradingView charts. Those features are not common on other apps.
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How much is Space Markets minimum deposit in ZAR? Replied 11 months ago - Space Markets minimum deposit is R50 but before they allow you trade you must have more than R50 in your trading account. Your account balance must be at least R100 before you can trade forex pairs, and at least R300 before you can trade other instruments.
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How to trade London session forex, is there a strategy to profitably trade the London session in forex? Replied 11 months ago - I use this simple breakout strategy to trade the London session. I simply mark the high/low of the Asian session on a H1 chart and wait for a breakout during the London session then trade the break. The logic behind this is that one of the busiest times of the London session is early in the morning when the traders in the bug banks in London are just opening for work. My thinking is that they place the big orders early in the morning so this can cause a breakout from the Asian session range. I want to add that no strategy is foolproof but this works for me most of the time.
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What is Trade245 minimum deposit in ZAR? Replied 11 months ago - Trade245 offers 7 different account types and the minimum deposit is 0 ZAR on all of them. This is suspicious because I see only older more established brands doing this but Trade245 was established just recently in 2020. Also when you visit Trade245 website, there is no live chat and no real means to reach them for inquiries. You will also notice the website has too little information which is one of the signs of a scam broker. My advice is you should tread with caution as this broker may not be trustworthy.
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What is Just Markets minimum deposit in ZAR? Replied 11 months ago - 190 ZAR minimum deposit for the MT4/5 Standard Account where spreads on EUR/USD average at around 1 pip, XAU/USD around 1.8 pips, US30 around 2.5 pips and Nas100 around 1.7 pips. 3,800 ZAR minimum deposit for the Pro & Raw Accounts where you can get up to 40% lower spreads.
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Best Time to Trade USDJPY in Kenya Replied 11 months ago - You can trade usdjpy during the NY or Asian sessions. Choose the one that is convenient for you.
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What is the best time to trade USDJPY in Nigeria? Replied 11 months ago - You can trade usd/jpy during the New York or Asian session but trading during the Asian session will mean trading at odd hours when you should be sleeping so I would say the New York session is more convenient since it starts by 2:00pm in the afternoon till 11:00pm Nigerian time.
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eToro vs Trading 212 Replied 11 months ago - eToro is my preferred option for Cryptocurrency as they have 100+ crypto you can actually buy and hold. Trading 212 on the other hand offers Crypto ETFs
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How do I open a real forex account on MetaTrader 4? Replied 11 months ago - To open a real MT4 forex account you must do so through your forex brokers portal (via their website or mobile app). MT4 is not equipped with account opening capability. After opening the account, your forex broker will send your login details to your email so do well to check your mail. Take the login details then use it to login on the MT4 platform; the login details will usually contain a server name so ensure to select the correct server as this is crucial. You asked why account opening feature wasn't integrated into MT4, well in my opinion MetaTrader is an open third-party platform used by different brokers so integrating account opening for each broker will require frequent modification of the MetaTrader app, which can affect its stability.
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Is Vault Markets Regulated? Replied 11 months ago - From what I see on the Vault Markets website, they are representing another broker that is FSCA regulated. Personally I wouldn't trade with Vault Markets because of this, as they are so many other forex brokers in South Africa to select from who have direct FSCA regulation.
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What do you wish you knew before you started forex trading? Replied 11 months ago - I wish I knew that success on a demo account does not equate success on a real account because emotions come into play when trading live.
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How much does a forex robot cost? Replied 11 months ago - Yes, you can build your own trading bot to execute your trading strategy. If you are using MetaTrader you can code your EA. But I'll come again to the starting point, what is your underlying strategy. The EA will only execute that strategy, but if the strategy is not profitable after paying the brokerage costs, then the bot will not automatically make you money. So, first you have to find a repeatable consistent pattern that you want to automate. What is it? Does it have an edge?
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When is The Best Time To Trade Nasdaq (NAS100) in Nigeria? Replied 11 months ago - If you are looking to trade the NY session, then you can trade NASDAQ from 3PM Nigerian time to 8PM. Or if you have a strategy for trading during London session, then you can trade from 9AM. CFD brokers allow 24 hour trading on NAS100 or US100. There is no right or wrong time to trade NASDAQ index. If you have a particular strategy on NASDAQ that has an edge during London open (minus brokerage cost), then you would trade it at that time. But if you have no edge, and trade randomly, and follow no loss limits, then also it does not matter when you trade it. So, first ask yourself, do you know something (and have tested it) that will give you net net positive returns from trading NASDAQ? Then decide what is right time to trade it. Volatility may not always be on your side.
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London session forex time in Malaysia Replied 11 months ago - London opens at 4PM Malaysian time & ends at 12AM. if you count Frankfurt as well, then it starts at 3PM in Malaysia. These hours change depending on the Daylight Saving Time (DST) in Europe (from months of March to October). When DST is active, the London open is at 3PM Malaysian time.
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What is NFP in Forex? Replied 11 months ago - The NFP or Nonfarm Payroll report is for the United States economy only and it will tell you amongst other things, if the U.S. unemployment rate has increased or decreased for the month it is released. Forex traders wait for NFP to be released on the first Friday of every month because its release is usually greeted with heightened volatility in the market. Many forex traders look to make money from this volatility by trading seconds before the report is released or immediately after the report is released. To know when NFP will be released, you can use the economic calendar provided by your forex broker to keep track of the date.
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How much is 1 pip in USDJPY ? Replied 11 months ago - When trading USD/JPY a pip is 0.01 and the value can be found when you apply this simple formula (0.01/Exchange Rate) x Number of Units. So, if you want to trade 100,000 units of USD/JPY and the current price is 151.71, the value of 1 pip will be (0.01/151.71) x 100,000 = 6.56 USD
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