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Installing/using MT4 on android phone is not difficult Replied 2 months ago - Beginners should download mt4 from the brokers website and not from play store? I think any beginner should be able to install mt4 on their android phone but mistake they make is they download the mt4 straight from the google playstore instead of from their brokers website. What's the difference? The difference between downloading mt4 from brokers website vs from google play store is that mt4 from the broker has already been designed for easy installation/setup. The one you download from the play store is more technical to setup. What do you mean by more technical? More technical means when you download mt4 from the google play store, you have to start searching for your particular brokers name, and you have to select the brokers entity where your account is regulated. So, assuming you are based in the UK you have to select your brokers UK entity and not some other offshore entity. You then have to search for the actual server your account is hosted on and that is another technicality. However, when you download mt4 android from your brokers website, the process is shortened as you dint have to search for the brokers name as it is already inputted by default. Okay so how is the installation done? You start by opening an mt4 account with any regulated broker, then take note of your mt4 account number, password, and mt4 server name where your account is connected to. Click on "file" then select "login to trade account" . Use your mt4 account number as login, then insert your password and select the relevant server and you're good to go ! Remember that demo servers are for demo accounts and live servers are for live accounts. Dont go selecting demo server when the account number you inputted is that of your live account. How will I know if mt4 login is successful on my android phone? If your login attempt went successfully well, you will be able to see your account balance displayed on the mt4 android app. If you can't see your balance then check the steps again, you may have made a mistake somewhere. It's really simple and beginners should not get confused/discouraged.
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what are synthetic indices? Replied 2 months ago - If synthetic indices are not real, does it not mean it is like trading a demo account?
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what did jamie dimon say about the bond market? Replied 2 months ago - He said something about US bonds no longer being AAA rated but that they have been downgraded to AA. He also said borrowing during covid 19 has put an enormous interest rate burden on US so the bond market is overburdened
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apy vs interest rate: do they mean the same thing? Replied 2 months ago - No, they don't. Interest rate on your account is simply a figure showing the interest you will earn annually while the APY is a projection of the monthly interest plus compound interest you will earn on the account for a period of one year if you don't make any withdrawal from the account.
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what is market sentiment in trading? Replied 3 months ago - Its basically the way other traders feel at the moment for example when the market is expecting an important news release (such as NFP, CPI, Interest rate decision etc.), the market sentiment will be indecisive and I usually know this because price will just be trading in a range for several hours until the news is released then you see a breakout from the range.
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do banks need brokers to trade forex? Replied 3 months ago - I don't think they do; banks have an inter-bank software they use to connect them to other banks whom they trade with.
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how does ftmo free trial work? Replied 3 months ago - It works just like the real thing. The loss limits, profit targets etc. are the same.
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what is retracement in forex? Replied 3 months ago - Whenever there is an upward or downward trend and people start taking profit & exiting the market, you will see a temporary trend reversal which is called a retracement. It is temporary and does not nullify the trend because after these traders exit with their profits, the trend will continue. Lots of beginner traders confuse retracements for actual trend reversals and exit their positions only for the trend to resume afterwards.
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Is it Possible to Trade Forex Without Using A Broker? Replied 3 months ago - No, individuals like you and I cannot access the billion-dollar online forex market without the help of a retail broker.
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when is the next interest rate announcement in the UK? Replied 3 months ago - Thursday, September 18th, 2025.
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does technical analysis work better on stocks or forex? Replied 3 months ago - I have traded both stocks & forex cfds and in my opinion technical analysis is more effective when trading forex.
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how do i spot volatility on charts without using indicators? Replied 3 months ago - High/Excessive Volatility When volatility is excessive, price tends to engulf the Simple Moving Average line
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What is the WMR 4pm fix? Replied 3 months ago - At month-end and week-end, the London fix close becomes more important than highs/lows due to institutional rebalancing requirements and benchmark obligations. Massive institutional flows converge specifically at the 4pm London fix for portfolio rebalancing. Fund managers must mark positions to market at month-end using 4pm London fix rates.
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please what is exness minimum deposit via crypto? Replied 3 months ago - It depends on the coin you are depositing are you asking about USDT or BTC? Last time i tried depositing USDT it didn't work but they required $10 worth.
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how many trading days in a year, does Sunday count? Replied 3 months ago - I had the same question a while back and found it depends on the year and holidays, but I usually plan around 252 trading days. I’ve been using prop firms lately, and this breakdown helped me set monthly targets. If you're checking out firms, this review of TraderScale gave me a good idea of what to expect: https://tradelytic.com/prop-firms/reviews/traderscale/.
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what are the odds of passing a prop firm challenge? Replied 3 months ago - The odds are definitely not in your favor. Prop firms place many barriers in your way to prevent you from qualifying for a funded account. Thats why some prop firms even have 2 to 3 step evaluation phases to slow you down. However, today there are prop firms with single phase evaluation where you can pass just one evaluation and get funded which is more straightforward.
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Is there a way to predict nfp direction? Replied 3 months ago - You can't predict it with 100% certainty but keeping up with united states economic news and reading newsletters from Bloomberg, Goldman Sacchs etc. can give you an idea of what nfp will look like
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what is the success rate of funded traders? Replied 3 months ago - Around 2% because the prop firms will look for every reason to deny you a payout, they will try to accuse you of breaking one of their rules.
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what is basket trading? Replied 3 months ago - Basket trading is a pretty advanced portfolio rebalancing strategy used in the stock market by portfolio managers. They basically put instruments from several asset classes in a "basket" and execute the trade at once. For example, is a portfolio manager is trying to rebalance his portfolio he will sell of some instruments and buy some at the same time. If you know when this rebalancing is happening, you can take advantage of the volatility it will cause in the forex market because he has to use money to buy these instruments.
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what is power hour in trading? Replied 3 months ago - It is basically the last hour of business before an exchange closes for the day. The power hour is even more important on the last Friday of the month when portfolio managers are rushing to rebalance their portfolio before business closes. You could see portfolio managers sell lots off shares causing the dollar to strengthen and vice versa, during the power hour.
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