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How to trade eurusd (with the breakout strategy) Replied 2 days ago - Nice one, glad you are getting a hang of it
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Swing Trading vs Day Trading Replied 4 days 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 to avoid swap fees forex Replied 4 weeks ago - Swap free accounts are the solution and if you do prop firms, look for a prop firm that doesnt charge swaps, there are some like FTMO
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TRADES Replied 4 weeks ago - Nice one amos, i also took the franky reversal long trade. here is a screenshot of possible trade entries (in yellow circles) I would have taken.
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what's the best music to listen to while trading forex? Replied 1 month ago - I like listening to songs that encourage me to be careful and not take silly risks. "Another Day in Paradise" by Phil Collins is one of my favorites.
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should i use my discretion when trading? Replied 1 month ago - Discretion is for expert traders, if you are not an expert you should just follow your strategy mechanically.
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How can i turn $100 into $1,000 in forex? Replied 1 month ago - To do that, you will need to over leverage which doesnt always end well. Trading is not about one or two big wins, it is about steady consistent wins over time. The trend of wanting to flip accounts is more of an ego thing driven by greed.
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Raw Spread or Standard Forex Trading Account Which Is Better for Scalping? Replied 1 month ago - The advantage of raw spread account is that you can set a tighter stop loss. Remember that spread affects where you place your stop loss so when the spread is tight you can set a tighter stop loss.
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what is paul tudor jones net worth, what is his trading strategy? Replied 1 month 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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Is it Possible to Trade Forex Without Using A Broker? Replied 2 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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what is basket trading? Replied 2 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 meant by price action trading in forex Replied 2 months ago - Price action is the ancient way of trading that was in play before indicators were invented. In the past, traders didn't use indicators, they relied on understanding candlestick patterns, price behavior etc. and that is what price action trading is about. I will say that from my experience, price action trading is more accurate than using indicators.
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what is hfx trading, how much to get started? Replied 3 months ago - hfx trading is just another hoax like ICT & order Block, don't fall for it. There is no need to overcomplicate trading by trying every new thing you hear of. Basically, hfx trading is just trading lower time frames actively and racking up small profits but it's not practical in reality.
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is copy trading risky? Replied 3 months ago - @ozgal I wouldn't take recommendations from anyone here. You can check for yourself but copy trading is at your own risk. If the person you are copying sustains losses there's nothing you can do about it, no refunds!!! I always prefer to trade by myself and hold myself accountable.
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my current trade is in profit, do i open more positions? Replied 3 months ago - I try to maintain a margin level of at least 400%, so for me if opening additional trades will not deplete my margin level I will do so.
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can i open a buy & sell trade on same instrument simultaneously? Replied 3 months ago - Yes, but it is mainly a risk management procedure meant to reduce the losses you are already sustaining on a current trade. It is a strategy used for lowering losses and not for making profit.
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how does after hours trading work? Replied 4 months ago - I guess it depends on what you are trading. For stocks, the exchanges close around 4 pm so any stocks you trade after that are done during aftermarket hours. Not all stockbrokers may support aftermarket hours trading & the ones who do may charge higher fees. Not every order may be filled during aftermarket hours as some brokers only permit pending orders so that if they can fill it they do and if they cannot fill it, they leave it unfilled. For forex, aftermarket trading is when you trade outside the 4 major sessions (Sydney, Tokyo, London, New York). For example, in-between the Asian and the London session, there is a 2-hour gap which some call the Frankfurt session or the Pre-London session. If you trade during this time, it could be considered aftermarket hours trading. People who participate in aftermarket hours trading are the ones who are busy during the market hours, perhaps they have day jobs that don't allow them to trade when others are trading.
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what is a carry trade in forex? Replied 5 months ago - Let me add to what @randolf has said. If you do not carry a trade properly you won't earn any interest, in fact you will be debited for the interest rate differential instead. Whether you earn overnight interest on a carry trade depends on if you are buying or selling the currency pair. In @randolf's example, USD/ZAR interest rate is 4.5% vs 7.25% so to earn interest you must sell the USD/ZAR pair and leave the trade open overnight. If you go ahead and buy USD/ZAR overnight, you will be debited instead because you are borrowing ZAR to buy USD, meaning you are borrowing ZAR with higher interest to buy USD with lower interest.
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what is smc trading strategy Replied 5 months ago - Retail traders only make up about 5% of the forex market so the remaining 95% is controlled by institutional traders like banks & multinationals. The SMC strategy seeks to pinpoint when these institutional traders will be placing their orders, so that you can take advantage of the momentum it will generate. Some people claim to look out for unusual market structure on the charts (which they call order blocks) and attribute it to the activities of institutional traders. However, SMC trading strategy has its drawbacks because most institutional traders execute their large orders secretly in something called "dark pools" so as not to spook the market. For me i just focus on understanding pure price action and try not to dive too deep into SMC because it is a really murky trading concept.
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what is the hallmark of a good trading strategy? Replied 5 months ago - A good trading strategy is like a drug, it must be very specific and should work only under specific conditions and only on specific instruments. it shouldn't be a one size fits all kind of strategy. A good strategy should leave nothing to chance, every detail such as timeframe, trading session, entry/exit point, etc. must be spelt out.
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