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Please what is the difference between points & pips in forex Replied 11 months ago - When you see 10 points it simply means 1.0 pips. When you see 11 points it means 1.1 pips, when you see 12 points it means 1.2 pips and so forth. Points is just a way of not having to include decimals.
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how much is 1 btc in naira Replied 11 months ago - 1 bitcoin is worth around $77,251.92 which translates to around N123, 840,000 if you are trading it via a forex broker like I do. I monitor the btc price through my metatrader forex trading platform.
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moomoo vs tiger broker who is the better broker? Replied 11 months ago - Tiger broker definitely has lower fees
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which forex brokers have usd/ngn currency pair? Replied 11 months ago - Hello Segun, try the brokers FxPro and Exness; they have USD/NGN currency pair as part of their exotic pairs but the spread is very high. FxPro USD/NGN spread starts from 300 pips or thereabout.
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where can i get lowest spread on nas100? Replied 11 months ago - Fusion Markets does 0.8 pips on nas100
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which brokers have the lowest XAU/USD spread? Replied 11 months ago - I get 1.1 pips average spread on XAU/USD with 1:3000 leverage at my broker: Just Markets. They are regulated by FSCA South Africa and FSC Mauritius.
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what is kwakol markets minimum deposit for beginner accounts? Replied 11 months ago - Kwakol Markets is an unregulated broker, they claim to be regulated by the Australian Securities & Investment Commission (ASIC) but their license was ceased since 19-01-2024. You can visit the ASIC website to view their regiters and confirm for yourself using this link https://asic.gov.au/online-services/search-asic-registers/
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Which Forex Broker Has 1:3000 Leverage & Naira Account in Nigeria? Replied 11 months ago - FxPro now has 1:10,000 leverage and also has naira account.
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anyone benefitted from tiger brokers promotion & bonuses? Replied 11 months ago - I got some rewards such as commission-free trading after I opened a Cash Boost Account (CBA). With the CBA you get a 20,000 SGD credit limit which you can use to buy US, HK & SG shares even without using your own money. However, you must pay in mthe money into your account or sell off the shares before the clearing settlement period expires. I was able to buy some shares and when I noticed the price had gone up, I sold them before the settlement period expired so I didnt use any of my money.
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is tiger brokers fees high, what is the total? Replied 11 months ago - To buy United States shares at tiger brokers, I paid from 0.1 USD per share as tiger broker fees. To sell the U.S. shares I paid higher from 0.11 USD per share in tiger broker fees. To buy less than one fractional U.S. share I paid from 1.023 USD per share and to sell less than 1 fractional share I paid around 1.033 USD per share. A majority of the fees go to tiger brokers as commission and platform usage fees, while the remainder goes to the United States government.
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what is the leverage at tiger brokers singapore? Replied 11 months ago - Tiger brokers has 1:4 leverage so with 1 SGD you can open a trade worth 4 SGD but you need to open a margin account with them to do this. This margin account can be opened in SGD, USD or HKD account currency so you avoid paying fees for currency conversion.
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what is the difference between stock cfd and stock? Replied 11 months ago - Stock CFDs do not give you ownership of the stock; they are only a over-the-counter contract between you and the CFD broker that allow you bet on whether the price of the stock will rise or fall. if your bet is correct the CFD broker pays you money and vice versa. Holding a stock CFD overnight will attract a fee because it is not yours. However, when you buy ordinary stocks, they are delivered to your demat account and you take ownership of them. You also get voting rights on the company whose stocks you bought. Holding a stock overnight will not attract any fee because it is yours. Stock CFDs are mostly used by traders while stocks are bought by investors who hope to hold it for a long time. When you buy a real stock you get paid dividend whenever the company is doing so but for Stock CFDs you only get paid a dividend if you opened a buy trade for a Stock CFD. When it comes to cost, it is cheaper to trade Stock CFDs than to buy real stock because buying real stocks entails pying fees to the stock exchange, custodians etc.
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cTrader or MetaTrader Which Is Best for a Beginner? Replied 11 months ago - cTrader has better features but in the hands of a beginner, cTrader can do more harm than good because it is too complex and is like flying a jet vs flying a conventional plane.
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whose on your list of lowest spread forex brokers in canada? Replied 11 months ago - I would go with Oanda for Standard Accounts and Interactive Brokers for Raw Account
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what are the advantages of apex prop firm for Canadians? Replied 11 months ago - I tried some other prop firms before coming to apex and what I like about them is that there is no drawdown limit and once you achieve th profit target they specified for your plan, you automatically become funded on your first try (they call it one-step evaluation).
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when does the forex market open in Canada? Replied 11 months ago - The Asian forex session starts at around 4pm Canadian time and ends around 2am in the morning. The London forex session starts from 2am and ends at 12 pm Canadian time The New York forex session starts from 1pm till 5pm Canadian time Note that the forex market closes on weekends and major publich holidays that affect banks (such as christmas & new year)
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How Do I Learn To Use TradingView Without Paying A Subscription & Does TradingView Have A Free Demo Account Where I can Test it's Features? Replied 11 months ago - TradingView has a free demo account which they call paper trading so you can learn with this. To use the demo account, register/login to TradingView, select an instrument, view on super-charts, then open the trade panel at the bottom and click on paper trading to use the demo account.
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How much is Think Markets minimum deposit in ZAR? Replied 11 months ago - they don't have a minimum deposit on their entry level account; their minimum withdrawal is $1
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May I know IC Markets minimum deposit in ZAR? Replied 11 months ago - Start with around 3,600 ZAR or $200 on your initial deposit then $1 minimum on other deposit you make moving forward. A little bit high right? but from my experience with ic markets its worth it.
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anyone notice FxPro leverage is now 1 : unlimited? Replied 11 months ago - Yes, I noticed the upgrade to unlimited leverage too. I have been trading with FxPro for one year now and although high leverage is risky, I still welcome the development because it gives users a choice especially professional traders who can manage high leverage risks. Note that trading accounts that had been opened earlier, are still going to be restricted to the old leverage so to access the unlimited leverage, you need to open a new trading account.
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