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victoria Joseph
@vickyjoseph
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4 weeks ago
mother of 3
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Hello @Headies thanks for sharing your experience with Maven but i want to know if they allow you hold trades overnight and if they allow you trade on weekends or during news release.
I think what @yokoyi means is learning when to buy and when to sell. Just those basic stuff, I have had students who learnt this is under 2 months. But it is nothing advanced. Once you begin to learn various strategies then you are no longer in the beginner phase, you have started your quest towards mastery!
When depositing by bank transfer method, XM minimum deposit is N30,000 which is too high. Exness on the other hand is affordable with around N15,000 minimum deposit via bank transfer method. So, because of this I prefer Exness because i prefer funding my account via bank transfer.
It means you should have extra money sitting in your trading account because if you sustain just a little loss, your broker will immediately require you to deposit more funds, or your trade will be closed at the current loss.
Low leverage ensures you don't make silly trades because every time you want to open a position, the broker will ask for high margin collateral. Low leverage helps you become a more serious trader instead of just gambling away.
I think "at the money" often means when strike price equals current futures market price. Ath the money is not yet a profitable contract because by the time you deduct cost of buying the contract, it collapses back into unprofitability.
In the money is when the option is really in profit because current market price has already exceeded strike price so even if you deduct the premium (cost of buying the option) chances are you will be left with a profit (except the premium is very high)
The new Tickmill logo looks so much better. I love companies that reinvent themselves, I may consider trading with them now 😎
I use guaranteed stops when i am worried that price slippage may occur. My current broker (Trade Nation) allows me set guaranteed stops and its not even that expensive.
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.
if the unrealized profit is large enough to cover the margin requirements for an additional trade, then I would go ahead and open another position.
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