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how long do scalpers hold trades Replied 1 month ago - Scalping is all about quick trades and fast profits, so the holding time is very short. How long depends on so many factors such as the trader, the pair, setup formation, etc.
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MAVEN PROP FIRM REVIEW Replied 1 month ago - It’s fine . I hope you get it now? We all learn every time.
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do demo accounts expire? Replied 1 month ago - Demo accounts are run on a server and these servers can get overloaded when too many accounts are hosted on them. This is part of the reason why unused accounts are yanked off and even active accounts expire after a while.
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what is one-click trading in my forex app? Replied 1 month ago - There is the legal aspect to one-click trading as the broker will not take responsibility if you click buy/sell mistakenly. because of this, the broker requires you to consent to a disclaimer notice before you can successfully activate one-click trading on their platform.
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How does Direct Market Access (DMA) work in trading? Replied 1 month ago - ECN You trade inside a shared trading pool. Your order is matched with anyone in that pool (banks, brokers, other traders). 👉 Think of ECN like joining a busy marketplace where buyers and sellers meet. DMA Your order goes straight to the real market order book. You interact with actual prices and orders sitting on the exchange or liquidity provider. 👉 Think of DMA like having a direct door into the market’s order book. ⭐ The difference in one line: ECN = Your trade is matched inside a private pool. DMA = Your trade is placed directly into the full market.
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What's the Risk Reward Ratio Formula in Forex? Replied 1 month ago - But hey personally, I like to place my stop loss at a safe distance away and I always like to hide my stops behind support/resistance levels. I dont just place a stop somewhere because I dont want to lose money or because I am looking for a comfortable RR
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what is the best indicator for spotting support & resistance on charts? Replied 1 month ago - Pivot Points Indicator. Pivot point indicators automatically calculate: PP (pivot) Support levels (S1, S2, S3) Resistance levels (R1, R2, R3) ✔ Great for intraday trading ✔ Easy to read ✔ Works well in forex, indices, metals
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what is pivot point in trading Replied 1 month ago - A pivot point (PP) is a calculated price level that acts as the central reference for the day. From it, several support (S1, S2, S3) and resistance (R1, R2, R3) levels are derived. It helps traders answer: “Where might the price reverse today?” “Where could support or resistance hold?”
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Does MT4 Have Economic Calendar? Replied 1 month ago - No — the standard MT4 platform does not have a built-in economic calendar.
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How Much On Average Can A Forex Trader Make Per Day? Replied 1 month ago - Best answer, I picked out an important point from what you wrote- you cannot make any reasonable profit from a $100 account without risking too much.
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what is contract trading? Replied 1 month ago - Contract trading is when you trade a contract that represents the price of something (like gold, Bitcoin, oil, or currencies) without actually owning it. You are basically making an agreement (contract) with your broker about where the price will go. It’s like making a bet that: “The price will go UP” → you buy the contract “The price will go DOWN” → you sell the contract If you guess correctly, you make money. If you guess wrong, you lose money. You never physically own what you’re trading — only the contract.
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How will you explain stop loss & take profit to a beginner forex trader? Replied 1 month ago - Sometimes, you tell yourself I am going to close the trade when my profit reaches $10 but when the time comes you become greedy and say ok let it reach $12 before I close it, before you know it the profit falls back to $5 and you start regretting. The Take Profit is an automated order designed to fix this kind of problem. Once you set it to take profit at $12 it does just that without any manual input from you. The same goes for the stop loss, they automate the process of entry and exit, removing emotions such as greed and fear from the picture.
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how do you prepare yourself mentally for the days trading? Replied 1 month ago - The first thing I do is to confirm that my laptop and internet router are fully charged and ready to go. After that I read a newsletter for traders from Spectra Markets https://www.spectramarkets.com/amfx After that I open my trading platform and check where the market is currently then I compare the current market price to what the options expiry data for the day is saying. This helps give me an idea of market direction for the day.
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what is a micro account in forex, is it for beginners alone? Replied 1 month ago - How does it depend on the broker?
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what is pine editor in tradingview Replied 1 month ago - So, imagine you buy an indicator from someone and you want to use it on TradingView, you just open the indicator file on yout computer then copy its content and paste it in your pine editor window then give it a name and save it amongst other TradingView indicators. Whenever you want to use the indicator just search for the name and it will pop up. The thing with pine script is that it may not work if you have the basic TradingView subscription plan, you may need to subscribe to a bigger plan to be able to use pine scipt satisfactorily.
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what is netting in forex? Replied 1 month ago - Netting in forex is a system where you can only have ONE position per currency pair at a time. If you open a new trade in the same pair, it combines (nets) with your existing trade instead of opening a separate one. Example You buy EUR/USD with: 0.10 lot Then later you buy again: 0.20 lot With netting: These merge into one buy position of 0.30 lots. If you sell EUR/USD with 0.10 lots: It reduces your position instead of opening a new one.
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what is leverage in forex trading? Replied 1 month ago - How Leverage Works (Step-by-Step Explanation) 1️⃣ You put in a small amount of money Example: You deposit $100. 2️⃣ The broker gives you borrowing power If your broker offers 1:100 leverage, this means: For every $1 you have, You can control $100 in the market. 3️⃣ You can now trade bigger Your $100 can control $10,000 worth of currency. This does NOT mean the broker gives you cash. It simply means your trading power is multiplied.
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what's the meaning of no deposit bonus in forex Replied 1 month ago - You can withdraw profit made from this account but you cannot withdraw the profit made on a demo account. I'm sure you get the difference now.
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do we expect too much from technical indicators? Replied 1 month ago - You are right though. I tried them before and did not work for me.
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when do you use limit and stop order in forex trading? Replied 1 month ago - 2. When to Use a STOP Order A stop order is used when you want to enter only if price continues in the same direction. ⭐ You use a STOP order when you expect price to break out and keep moving. 📌 Buy Stop Example Price is at 1.2050 and you think if it breaks 1.2100 it will go higher. → You place a Buy Stop at 1.2100. This tells your broker: “If price rises to 1.2100, buy for me (breakout).” 📌 Sell Stop Example Price is at 1.2050 and you think if it breaks 1.2000 it will fall harder. → You place a Sell Stop at 1.2000. This tells your broker: “If price drops to 1.2000, sell for me (breakdown).” ✔️ Best for: Breakouts Trend continuation trades Momentum strategies Entering only when your level is confirmed
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