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what's us30 ticker symbol on ifx brokers? Replied 4 days ago - US30 index is also know as Wallstreet 30 or WS30 as ifx brokers displays it
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EUR/USD Beginner Level trading Replied 4 days ago - Fading the Asian high lows, or waiting for the break has been working well on EURUSD.
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My first trade experience Replied 6 days ago - Today, the reversal occured late, during London. There was an initial fake reversal, followed by the real reversal.
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which currency pair is most profitable in forex? Replied 6 days 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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EURUSD Replied 1 week ago - Okay.
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what are futures contracts in forex trading? Replied 3 months ago - Futures Pricing & Cost: Futures trade on exchanges every day so the price will be displayed, and the price also fluctuates according to market forces. You can click on any futures to see the contract specs. In the image attached, we see a Platinum Futures (PLV5) trading at a current market price of $1,359. However, from the contract specs we see that each PLV5 contract contains 50 troy ounces of platinum so the notional value of the contract will be ($1,359 x 50 ounces) = $67,950 When you buy and hold a futures contract overnight, it will be marked-to-market meaning you will be debited if the final daily settlement price is lower than your entry price. You will also be credited if the final daily settlement price is higher than your entry price.
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eurusd vs xauusd which is better? Replied 4 months ago - EU above all.
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please mention some countries where the rand is stronger than their currency Replied 4 months ago - INDONESIA The Rand is 912-times stronger than the Indonesian Rupiahs. The current Rand to IDR exchange rate is R1/912.53 IDR
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gold vs dollar: what is the price relationship? Replied 4 months ago - Gold is a dumb metal meaning it doesn't pay interest so if the us dollar is strong people will rather invest in the dollar so they can earn interest, and this causes gold prices to fall when people move their investments from gold to the us dollar.
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what is the difference between btcusd and btcusdt Replied 4 months ago - How about a little breakdown to make it more comprehensive and relatable. USDT (Tether) is a stable coin that represents the value of BTC (bitcoin). USDT holds a stable value relative to the US dollar. This pair gives a little advantage against market fluctuations, since it can be traded without assets being converted to fiat a currency. Meanwhile, the pair BTCUSD represents the value of bitcoin in the US dollar, indicating the current price of BTC in fiat currency. This pair is used to buy or sell BTC using the actual US dollar currency. In my opinion BTCUSD is more volatile due to fluctuations in the dollar market. Meanwhile BTCUSDT is a little less volatile due to the stable coin in the pair.
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what is the polish currency, can i trade it in forex? Replied 4 months ago - The official Polish currency is called the "Zloty" and has the symbol "PLN". Poland does not use the Euro currency for transactions, even though they have been a member of the European Union since 2004. As at today, 1 PLN is worth 0.28 USD. Forex brokers allow you trade Polish currency pairs such as the USD/PLN, AUD/PLN. CHF/PLN, GBP/PLN, PLN/JPY on their trading platforms. Some forex brokers even offer trading account display currencies in PLN, so that as you trade you see your transactions displayed in PLN. Trading with a PLN account also reduces the currency conversion fees you pay when trading PLN pairs
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is crypto haram? Replied 4 months ago - Because there is not much transparency when it comes to crypto and so many scammers utilize crypto as a means of moving funds and making it difficult to trace, most scholars will say crypto is haram. Crypto is a new phenomenon so whether it is haram or halal will depend on interpretation of scholars.
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what is xauusd Replied 5 months ago - xauusd is the trading symbol for Gold, as used by most forex brokers
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is us100 the same as nas100? Replied 5 months ago - US100, NAS100, USTECH100 etc. all mean the same thing - the Nasdaq Index
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why xauusd is not moving today? Replied 5 months ago - XAU/USD has been trading within a range this week, and i suspect it has to do with trade tensions which are a fall out of the israel- Iran conflict. The United States has not yet made it clear if they will join in the war, so investors do not know if to run to gold or if to keep their investments in the us dollar.
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what is crypto trading all about in Nigeria? Replied 5 months ago - Its basically speculating on whether the price of a crypto asset will go up or come down, without having to own the asset. However, what makes crypto trading risky is that most of the coins themselves are not backed by any solid asset so they could crumble any time. For example when trading commodity CFDs on Gas, Crude Oil, etc. these are backed by the spot prices of these actual commodities. But when trading many of these meme coins it is not very clear what they are based on. President Tinubu has signed the Investment Act into Law making crypto assets to be recognized as securities. My understanding of this is that any Nigerian investor can go through an Initial Coin Offering (ICO) to launch their own coin.
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Why is EUR/USD the best pair for beginners to trade? Replied 5 months ago - eurusd is indeed the best pair for a beginner trader because when trading the smallest lot size of 0.01 lot, 1 pip movement is will lead to a profit or loss of just $0.1 When trading other instruments with the same 0.1 lot size, 1 pip movement will lead to a profit or loss greater than $0.1 which makes it more risky.
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what are options in forex? Replied 5 months ago - To add to what @martini said, traditionally options are used when investors are afraid for their investment, hence it is used as a hedge. if you bought Apple stocks today and you hear that in one month the price might go down, you can protect your investment by buying "put options" that give you the right to sell off your Apple stock at the same price you bought them for . If at the end of the month the price of Apple doesn't fall, you don't necessarily have to abide by the contract terms, so you can refuse to sell the Apple stock but you will lose the money (premium) which you paid to buy the options contract in the first place.
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why are so many beginners trading xauusd? Replied 5 months ago - xauusd prices move faster than most conventional instruments so the beginners must be looking for a higher reward for their risk. While currency pairs like eurusd move around 100 pips in a day, xauusd can ove 200 pips in a day, making it more profitable and more risky at the same time. I think beginners should avoid xauusd till they are sufficiently grounded in risk management and can develop a good strategy for xauusd. When they say 90% of retail forex traders lose money, it is partly because of this kind of high risk trading by beginners who want a quick buck. You might get lucky with xauusd a couple of times but your luck will eventually run out and if you dont know what you are doing you could make big losses and even quit trading.
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what is the easiest indices to trade? Replied 6 months ago - For me, American indices such as Nasdaq (US100) & Dow Jones (US30) are some of the most practical to trade ( i don't want to use the word "easy"). Their trading hours are convenient and there is a lot of information (in English language) about the constituent companies. Some of the most difficult indices to trade are the Germany DE40 and Asian Indices because most of the information and data about the companies are not in English language so doing your research/analysis is going to be difficult.
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