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what is the difference between ftmo and ftmo swing? Replied 2 months ago - FTMO swing is designed for swing traders such that there is no overnight fee
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does anyone have inspiring forex success stories to share? Replied 2 months ago - i used to record losses for a long time (around 2 years) but after i started sticking to one strategy and taking profit once it reached 10 pips i became profitable
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when do you use limit and stop order in forex trading? Replied 2 months ago - A buy stop order is used to target market entry at precise price, if that price is not available, the buy order will be "stopped" and will not be executed. Buy stop order must be placed above the current market price. So if the current EUR/USD price is 1.15940 you must place the buy stop to be triggered at a price higher than 1.15940. The sell stop order is just the reverse of the buy stop and is used when you want to sell below the current market price. A buy limit order is used when you want to buy at a price lower than the current market price, so it must be set under/below the current market price. The sell limit order is just the reverse. Both stop and limit orders fall under the 'pending order" category and are set in advance then you wait for price to get to it and trigger it. Assume you want to go out for lunch and you want a trade to be executed after price gets to a certain level, you simply set your pending order and go out.
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Swing Trading vs Day Trading Replied 2 months ago - Day trading is most popular and more profitable for me because the longer you leave a trade open, the higher the odds that price can move against you
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How much is 1 pip in forex Replied 2 months ago - Thanks @Patrader
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what's us30 ticker symbol on ifx brokers? Replied 2 months ago - US30 index is also know as Wallstreet 30 or WS30 as ifx brokers displays it
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how i was able to trade on exness Replied 2 months ago - I dont think they do, these are their supported payment methods: Online bank Neteller Skrill SticPay Perfect Money Tether (USDT ERC20) Tether (USDT TRC20) USD Coin (USDC ERC20)
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is deriv synthetic indices better than real indices? Replied 2 months ago - I think synthetic indices can be manipulated by the brokers offering them causing you to lose in the long run
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My broker often rejects my withdrawals, should I be concerned? Replied 2 months 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.
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if i begin a trade on my laptop can i complete it on my mobile phone? Replied 2 months 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.
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what do gaps on my forex chart mean? Replied 2 months 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.)
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which currency pair is most profitable in forex? Replied 2 months 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.
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is it good to keep shifting my stop loss as price nears it? Replied 2 months 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.
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Is Assexmarkets a Scam? Replied 2 months 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
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How did you overcome overtrading? Replied 2 months ago - How can we build such an interface @patrader?
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EURUSD Replied 2 months ago - Okay.
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London Session Forex Time in Nigeria Replied 2 months 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.
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what is FOMO in trading & how does it manifest? Replied 2 months 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 😊
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Can an MT4 Account Work on MT5 ? Replied 2 months ago - I think not, MT4 accounts cannot work on MT5
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Is copy trading the same thing as social trading? Replied 2 months 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.
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