T
Thabo Kgost
@thabokgosi
Last seen:
12 hours ago
Gold Trader
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I know this feeling, it comes up all too often. Sometimes after trading a small lot size and making a profit, something begins to tell me I should have taken a bigger lot size and that I am a coward
Someone with 1:500 leverage can simultaneously open 5 times more trades than a person with 1:100 leverage assuming they are trading the same instrument, with the same lot size. But on the flip side, the person with 1:500 leverage is 5 times more likely to be kicked out of the market when losses start mounting
Don't panic the broker has systems to sort this out, they will refund the difference before the end of the business day if not they will see it as an overage or imbalance when closing their books for the day.
This technique is underrated, and is very good. When the boat man jumped onto the bridge, it was like closing a losing trade to cut losses early.
So, yes you can trade us30 at any time of the day but you will likely witness slow price moves and you will have to wait a longer time to make profit. But if you enter the market at 3:30 pm you will make profit faster because the big stock exchanges like NYSE open by that time and they will send in their orders causing the market to surge and move quickly. Hope this makes sense.
Exness has tick history which can be downloaded, pls is this the kind of data needed for backtesting ?
But why do they have to split your profit with you? Afterall you did the trading and the profits are not even real since its a demo account.So why share in the unreal profit?
This is a lovely thread and you are shedding light on the beauty of cTrader. Keep it going you just gained a subscriber.
I think its all hog wash, by the time you attempt to make a deposit into your Rand account you will be shown that the minimum deposit is 500 Rand
@headies so when the US stock exchanges are closed for business will US30 price still be moving or will the market be closed?
I do not think brokers set out to hnt stop loss but institutional traders do. What I mean is that big players like bhedge funds and multinationals also trade forex so they can guess where your stop loss is and place pending orders at that level forcing the market to move in the direction of your stop loss.
On the chart you can see signs of this kind of stop loss hunting with sudden spikes and long wicks that look odd.
For example you see a down trend with moderate wicks, all of a sudden one candle has a very long wick that looks odd and out of place (see image).
To avoid your stop loss being hunted, do not set it at obvious levels such as directly behind a resistance or support level.
500 ZAR is the minimum deposit accepted at Tickmill South Africa, I trade with them actively. Avoid depositing through cards if you want an instant deposit.
Tickmill accepts MPESA, Bank Transfer, Crypto, & eWallets with instant deposit but they do not accept PayPal.
Tickmill also offers ZAR Account base currency so you can skip on currency conversion fees you would have paid on ZAR deposits.
Stay blessed
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