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what is contract trading? Replied 2 months ago - It's basically trading something which you do not physically have. If I enter into an agreement to buy a car from you for $5,000 in two weeks' time, I can go and look for another buyer willing to pay $6,000 and sell the contract to him then keep the difference of $1,000 as my profit. So, I profited off your car without taking ownership of it. This is the same model used by online brokers when people trade CFDs.
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Tickmill rebrands with a new logo, but has anything really changed? Replied 2 months ago - Their customer support is still poor; you chat them on live chat and don't get a response.
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what is paul tudor jones net worth, what is his trading strategy? Replied 2 months ago - His hedge fund, Tudor Capital; manages assets worth upwards of $4 billion. His trading strategy today is a secret they do not really divulge details. But if you check his hedge fund's website you will see the assets they invest in.
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do brokers hunt stop loss? Replied 2 months ago - Trader Tom is such a good trader, and I like his response.
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does tradingview have trailing stop loss? Replied 2 months ago - Nice one, I almost forgot that TradingView had this feature
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what does bitcoin mining mean? Replied 2 months ago - Yes, just open an account with a bitcoin exchange and deposit money, then you can buy fractions of bitcoin and own them.
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whats the best risk to reward ratio in forex? Replied 2 months ago - I don't think there is a best RR, it depends on the price action you are facing on the charts. Some trades just require you placing a wide SL and smaller TP and that's just the way it could be. It is left to you to take the trade or leave it.
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is wmarkets a scam? Replied 2 months ago - They are not a regulated broker, and I have heard people complain about not being able to withdraw for weeks but they were later able to withdraw after several delays.
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Exness Becomes latest ODP License Holder in South Africa Replied 2 months ago - But why are brokers without ODP license still allowed to operate in SA?
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why do brokers split withdrawals into small bits? Replied 2 months ago - I think its for compliance to anti-money laundering laws
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cpi meaning in forex Replied 2 months ago - When the United States government releases their CPI report it can cause the dollar to fall or rise, and you see the effect on the charts. If the CPI numbers come out better than the experts had forecasted, you will see the dollar gain strength and vice versa.
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Is Deriv Legally FSCA Regulated in South Africa? Replied 2 months ago - Not a recommendation but AvaTrade is good for fixed spread and I use them. I also use Trade Nation for trading currency pairs because their spread is low.
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do you think exness is better than hfm in Kenya? Replied 2 months ago - Both Exness & HFM are CMA regulated brokers offering the same 1:400 leverage and cent accounts for beginners. But when it comes to customer service & access to markets, HFM is better
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what is pivot point in trading Replied 2 months ago - To add to what @Arthur said, Pivot Points are effective in trading, but they do not work all the time, they only serve as guides. Sometimes price does not respect the pivot point. It is better to mark out your pivot points every day just in case.
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what is top down analysis in trading? Replied 2 months ago - When I switch to the lower 5-minute time frame, you will notice that the previous month low is acting as resistance to price, causing a downward movement after retest. This is a classic example of how top-down analysis can be applied to trading.
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as a trader don't hesitate to pull the trigger Replied 2 months ago - I would say always wait for confirmation of a candlestick pattern before entering. I don't enter immediately i see a candlestick pattern, I place a pending order 2 0r 3 pips above the pattern and wait for price to go to the pending order and trigger it. By doing this, I avoid fake outs.
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Is Robinhood an investment or trading platform in the UK? Replied 2 months ago - Robinhood is for investing and trading, but you cannot trade forex with them. Their product catalogue is very limited; you can only trade equities and options. Their customer service is a joke so beware.
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which investment platforms have cash sweep program? Replied 2 months ago - Interactive Brokers & Robinhood are the ones I know have cash sweep programs for uninvested cash. But that of Interactive brokers is more effective
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which investment platforms offer DRIP Replied 2 months ago - Robinhood DRIP does not buy into Net Asset Value discount, I prefer using Trading212 or Interactive Brokers for DRIP
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can i trade binary options in the uk Replied 2 months ago - The binary option ban in the UK, has been in effect for years now https://www.fca.org.uk/news/statements/fca-confirms-permanent-ban-sale-binary-options-retail-consumers
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