first weeks learning. I have some question, please?
Hello: I´m from Portugal. In the past 2 months i start to study information about Forex. I´ve been developing a model that looks quite promising. But i would like to get help in some questions, if you plase; 1) Is there anybody here from Portugal? If so, which broker do you use? Are they a Market Maker ? 2) Metatrader seems to block sometimes my laptop. So what are the alternatives? CTradeRr? 3) A more technical question: I came from SportBetting. In Sporting Betting position size is fundamental. I´ve noticed that risk management with Forex is a lot based on stop loss order. But i´m a believer in bankroll management, so i want to test all possibilities . An example: I have 2000 Euros. My model says to apply 8% of my bankroll. Would this be just a simple conversion to lot size? And if so, does it really make sense, since you are gonna apply a stop loss? Thank you guys.
Just trying to get set up to trade Forex is a PITA
Well after a week of messing with brokers, metatrader setups, and working on my investment plan/technique (and no this isn't the first time I've messed around with Forex), I decided to take the plunge and throw down some currency to start comparing my trading ideas to the real thing. My deposit was accepted by the broker and appeared in my account. I was all excited to hit the market tonight and make a couple of small trades to get things rolling. Long story short, my plan to trade has bombed because my account isn't live and the 24 hour support has a two day backlog. Blah!
Speaking as someone who has used a selection of trading platforms for the past decade, I want to emphasize just how bad robinhood is. Especially for a momentum trader who hits bid and offers, my experience with this platform has been infuriating. I get that it is a simple and clean platform that makes trading seem easy and manageable. For those just getting into trading, it's a useful way to learn. However, the fulfillment of trades is downright criminal. Not only do they literally siphon off trades (I believe they skim about $25 off most trades), but they also seem to intentionally delay execution as well as completely fail to fill orders. The final straw was when my stop trade was not even executed as the option traded through the target price. I will be transferring my funds into my td account, their platform might look like my dad's windows 95 computer but at least they won't fuck me over. Are there any actual professional traders that can recommend a fast and reliable platform? Metatrader with it's one click forex trading was wonderful but very few brokers support 3rd party platforms.
Profitable forex strategy: it is a type of instruction for the trader, which helps to follow a clearly verified algorithm and safeguard his deposit from emotional errors and consequences of the unpredictability of the Forex currency market.
Thanks to her, you will always know the answer to the question: how to act in certain market conditions. You have the conditions of opening a transaction, the conditions of its closing, likewise, you do not guess if it is time or not. You do what the trading strategy tells you. This does not mean that it cannot be changed. A healthy trading scheme in the forex market must be constantly adjusted, it must comply with the realities of current market trends, but there must be no unfounded arguments in it. >>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated OnInvesting.com|Free Forex Signals Trial:CLICK HERE TO JOIN FOR FREE
Profitable Forex Strategy Reddit
Types of trading strategies The forms of a trading strategy can combine a variety of methods. However, several of the most commonly used options can be highlighted.
Trading strategy based on various complementary technical indicators
Trading strategy using Bollinger Bands
Moving Average Strategy
Technical figures and patterns
Trading with Fibonacci levels
Candlestick trading strategy
Trend trading strategy
Flat trading strategy
Fundamental analysis as the basis of the strategy
Three most profitable Forex strategies
Important!These strategies are the basis for building your own trading system.Indicator settings and recommended pending order levels are for consultation only.If you do not get a satisfactory outcome in the test result or in a live account, that does not mean that the problem is the strategy.It is enough to choose individual parameters of indicators under a separate asset and under the current market situation.
1. “Bali” scalping strategy
This strategy is one of the most popular, at least its description can be found on many websites. However, the recommendations will be different. According to the author's idea, "Bali" refers to scalping tactics, as it facilitates a fairly short stop loss (SL) and take profit (TP). However, the recommended time frame is high, because the signals appear not very often. The authors recommend using the H1 interval and the EUR / USD currency pair. Indicators used:
Linear Weighted Moving Average. Period 48 (red line).
Important!Note that the indicators for the “Bali” strategy are chosen in such a way as to ultimately give an early signal.This gives the trader time to confirm the signal and check the fundamentals.
MA is one of the basics on MT4, the other two indicators can be found in the archive for free here. To add them to the platform, click on MT4: "File / Open data directory". In the folder that opens, follow the following path: MQL4 / Indicators. Copy the flags to the folder and restart the platform. Also Read: Make Money With Trading Conditions to open a long position:
Price penetrates the orange Trend Envelopes line from the bottom up. At the same time in the same candle there is a change of the orange line that falls to a growing celestial.
The candle is above LWMA. Once the above condition has been met, we wait for the candle to appear above the moving one. It is important that it closes above the LWMA red line. It is mandatory to have a Skyline Trend Envelopes on a signal candle.
The additional DSS of momentum line on the signal candle is green and is above the dotted line of the signal (that is, it crosses or crosses it).
We open a trade at the close of the signal candle. The recommended stop level is 20-25 points in 4-digit quotes, take profit at 40-50 points. https://preview.redd.it/t48d55s8faw51.jpg?width=1000&format=pjpg&auto=webp&s=1e93863745e74dec536178539817225767cbeb1c The arrow indicates a signal candle where a Trend Envelopes color change occurred. Note (purple ovals) that the blue line is below the orange line and goes upwards (in other cases the signal should be ignored). In the signal candle, the green DSS of momentum line is above the dotted line. Conditions to open a short position:
Price penetrates the Trend Envelopes sky line from top to bottom. At the same time in the same candle there is a change from the increasing celestial line to the falling orange.
The candle is below LWMA. Once the above condition has been met, we wait for the candle to appear below the mobile. It is important that it closes below the LWMA red line. It is mandatory to have an orange Trend Envelopes line on a signal candle.
The additional DSS of momentum line on the signal candle is orange and is below the dotted line of the signal (i.e. crosses or crosses it).
This profitable Forex strategy is weekly and can be used on different currency pairs. It is based on the spring principle of price movement, what went up quickly, sooner or later must fall. To trade you will only need a schedule on any platform and W1 time frame (although the daily interval can be used).
The bearish candle, which signifies last week's movement, has a relatively large body.
Open a long position early next week. Make sure to place a stop loss at 100-140 points and a take profit at 50-70 points. When it is midweek, close the order if it has not yet been closed at take profit or stop loss. After that, wait again for the beginning of the week and repeat the procedure, in any case do not open operations at the end of the current week. https://preview.redd.it/vuihnqspfaw51.jpg?width=1000&format=pjpg&auto=webp&s=7641e9d7701911cc255c4f0c8a53e1660c35c9fe On this chart it is clearly seen that after each large bearish candle there is necessarily a bullish candle (although smaller). The only question is what period to take where it makes sense to compare the relative length of the candles. Here everything is individual for each currency pair. Note that a rising candle was observed followed by a few small bearish candles. But when it comes to minimizing risks, it is best not to open a long response position, as the relatively small decline from the previous week may continue. Conditions to open a short position:
The bullish candle, which signifies last week's movement, has a relatively large body.
We open a short position early next week. https://preview.redd.it/tv4zmf5ufaw51.jpg?width=1000&format=pjpg&auto=webp&s=61cd1dcfc4aebfa6f80343b6c51f7a6e46358602 The red arrows point to the candles that had a large body around the previous bullish candles. Almost all signals turned out to be profitable, except for the transactions indicated by a blue arrow. The shortcomings of the strategy are rare signs, albeit with a high probability of profit. The best thing is that it can be used in several pairs at the same time. This strategy has an interesting modification based on similar logic. Investors with little capital opt for intraday strategies, as their money is insufficient to exert radical pressure on the market. Therefore, if there is a strong move on the weekly chart, this may indicate a cluster of large strong traders. In other words, if there are three weekly candles in one direction, it is most likely the fourth. Here you also have to take into account the psychological factor, 4 candles is equal to one month, and those who "push" the market in one direction, within a month will begin to set profits. Strategy principle:
A "three candles" pattern (ascending and descending) formed on the weekly chart.
It is preferable that each subsequent candle was larger than the previous one. Doji is not taken into account (disembodied candles).
Stop is placed at the closing level of the first candle of the constructed formation. Take profit at 50-100% of the last candle, but it is often better to manually close the trade.
This strategy is universal and is usually given as an example for novice traders. It uses classic EMA (Exponential Moving Average) indicators for MT4 and Parabolic SAR, which acts as a confirmatory indicator. The strategy is trend. Most sources suggest using it in "minutes", but price noise reduces its efficiency. It is better to use M15-M30 intervals. Currency pairs - Any, but you may need to adjust the indicator settings. Indicators used:
EMA with periods 5, 25 and 50. EMA (5) in red, EMA (25) and EMA (50) in yellow. Apply to Close (closing price).
Red EMA (5) crosses the yellows from bottom to top.
Parabolic SAR is located under the sails.
Conditions to open a short position:
Red EMA (5) crosses the yellows from top to bottom.
Parabolic SAR is located above the candles.
The transaction can be opened on the same candle where the mobile crossover occurred. Stop loss at the local minimum, take profit at 20-25 points. But with the manual management of transactions you can extract great benefits. For example, close at the time of the transition from EMA (5) to a horizontal position (change of the angle of inclination of the growth to flat). https://preview.redd.it/4un92jlegaw51.jpg?width=1000&format=pjpg&auto=webp&s=406a700c00722349622d031e20d0858e4196d18b This screen shows that all three signals (two long and one short) were effective. It would be possible to enter the market on the candle by following the signal (in order to accurately verify the direction of the trend), but you would then miss the right time to enter. It is up to you to decide whether it is worth the risk. For one-hour intervals, these parameters hardly work, so be sure to check the performance of the indicators for each period of time in a minimum span of three years. And now that you know the theory, a few words about how to put these strategies into practice. Ready? Then let's get started!
From the theory to the practice
Step 1. Open demo account It's free, requires no deposit, takes up to 15 minutes, and no verification required. On the main page of your broker there is for sures a button "Register", click and follow the instructions. An account can also be opened from other menus (for example, from the top menu, from the commercial conditions of the account, etc.). Step 2. Familiarize yourself with the functionality of the Personal Area. It won't take long. It is at the most user friendly and intuitive. You just need to understand the instruments of the platform and understand how the trades are opened. Step 3. Launch the trading platform. The Personal Area has the platform incorporated, but it is impossible to add templates. Hence, the "Bali" and "Parabolic Profit" strategies can only be executed on MT4.
Characteristics of an effective Forex strategy Reddit
And finally, let's see what makes a profitable Forex strategy effective. What properties should it have? Perhaps three of the most important characteristics can be pointed out.
The minimum number of lag indicators. The smaller they are, the greater the forecast accuracy.
Easy. Understanding your strategy is more important than your saturation with complex elements, formulas, and schematics.
Uniqueness. Any trading strategy must be "tailored" to your trading style, your character, your circumstances, and so on.
It is very important to develop your own trading strategy, but it is necessary to test a large number of already available and proven strategies. On the Forex blog you will find trading strategies available for download. Before using a live account, test your chosen strategy on the demo account on the MetaTrader trading platform. Conclusion. To successfully trade the Forex currency market, create your own trading strategy. Learn what's new, learn out-of-the-box trading schemes, and improve your individual action plan in the market. Only in this case, the trading results will satisfy you to the fullest. Success, dear readers! >>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated OnInvesting.com|Free Forex Signals Trial:CLICK HERE TO JOIN FOR FREE Join the community for more articles on trading and making money on the Forex and Stock market. ------------------------------------------------ ------------------------------------------------ Disclosure: This post contains affiliate links, if you click and make a purchase I may receive a commission - This has NO extra cost for you.
Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while. FIRST OF ALL, who am I..? I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since. I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass. What the fuck is forex and forex trading. In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend. These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell) Is forex trading illegal in Kenya? Is it a scam? Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019) Have there been scams involving forex in Kenya? Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable. However, by the end of this post, I hope you won’t fall for such silliness. What next how do I make it work..? Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that. The second route is more practical, structured and smarter. First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car. Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored. The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you. Here are some nice YouTube channels to watch. These guys are legit..
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off. How long will it take until things start making sense Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee. Social media, Mentality, Psychology and Books Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed. Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you. Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch. Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn. This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts. Brokers You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it. Money transfer. All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.) How much money can I make..? I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make. How much money do I need to start with..? Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds. Taxes..? Talk to a lawyer or an accountant. I am neither. Family? Friends? Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it. The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together. Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job. And now it is 5am, fuck. This is oversimplified and leaves out many many aspects. Happy to answer any questions.
I got a called from a guy claimed to be a freelance financial broker a few months ago. He introduced me to a platform for forex trading, and tell me to make a new account on the site and he'll manage my account to trade forex using Metatrader 4. He will take 10% of the profit. He told me to think of this as a long term plan. He also said the platform gives my account some credits if I deposit, to kick start the investment. Something suspicious I found during this step, that his Skype account has a different name to his Skype name, like he's using sb else's account. I stupidly still make an account and deposit the money. Slowly, he starts creating some pressure by holding some risky trades and ask me to deposit more money to increase the margin and keep the trade. He also told me to make a test withdrawal with a small amount of money to make sure that it didn't disrupt the current trades, and I did, and it went smoothly. So I keep depositing money until my friend realize he changed some number on some trades to turn a loss into a win trade. Then I started being very suspicious and looking for info. Turns out I can't contact the platform for anything without going through him. The support email doesn't exist, I can't change my password, the company running the platform only has 3 employees in the UK, with the same last name. I started being scared and tried to withdraw a large amount of the money. At first some guy call me and said they're from the platform to help me withdraw the money, but he uses the same phone number. He told me I have to deposit 10% of the amount I withdraw, as commission, if I want to take it. I told him to get it from my profit, but he keep saying it doesn't work that way. I never heard from the support guy again. The broker resume contact with me after a while and I told him again I'll be withdrawing a large amount of money. He first say it's okay, but then later when I contact him to actually do it he again says I'll have to pay a fee because withdrawing big money means "closing" the account. He only allow me to withdraw another test withdrawal, and I did. This time the money hasn't come in for a while now. I'm quite certain I got scammed, but I still wants to hear some opinions out there, or at least give an example so others don't get caught in the same scam. Just be careful, don't take calls from stranger, especially if they call you and tell you to invest in sth. They can look and act normal at first, but they'll change their behavior. Also sorry if there's some grammar errors, English is not my native language.
In this review, we are taking a look at a trading platform that is used by traders all around the world. BrokerXP offers a varied range of financial products with competitive fees and an easy-to-use trading interface. With advanced trading tools and charting features. BrokerXP Slogan
If trading fees are important to you, then BrokerXP has you covered. BrokerXP offers low spreads that are available to all customers. For forex traders, BrokerXP has no fees at all, this means that you can maximize profits when trading currency pairs. The broker also offers a guaranteed stop-loss order which Is when clients get their stop-loss order rate guaranteed when setting a risk threshold in their position. BrokerXP also offers a 200:1 leverage ratio, which means that for every $1 in your account, you control $200 in the market. So if you are trading and don’t have much capital, you can still generate significant income as your profits can be multiplied by 200x. However, if you are a beginner then it is not advised that you use leverage on your trades. As profits are multiplied, so are losses. Before leveraging, learn the basics and trade using a demo account as this can stop you from losing too much money when you start trading actual capital.
MT4 and BrokerXP have end-to-end encryption that secures trades and funds that are within the trading account itself. Imagine your trading account like a debit card, you wouldn’t put thousands of dollars in your debit card and leave it on a park bench. So when choosing what trading platform you want to go with, make sure that they take the security of your account and funds are serious as you do. To find more answers please watch this video https://www.youtube.com/watch?v=VyMdFz8Rh18
MetaTrader 4 is seen as the flagship trading platform, used by individual traders at home and large institutional investors alike. The platform is available on iPads, iPhones, Android phones, Android tablets, and just about any other web-enabled device. If you want to use the desktop version, instead of the web-app version, then you can download the desktop version and trade from the version. Once you’ve downloaded or loaded the platform, you can log in using your BrokerXP credentials. You can customize the charting interface, changing between light and dark mode, along with some other interface elements. Like with most online platforms, the security flaws come as a result of the customer not securing their side of things. This means that when you are trading, make sure to use long passwords that are difficult to guess and crack. Also, try and avoid trading on public computers as these can lead to your account being compromised. On MT4 you will notice some phrases on the trading interface, here is some explanation of what they mean. When you see the Symbol tab, this means that you can choose between markets. BrokerXP offers many different trading asset options. You can trade forex, gold, stocks indices, and more. The volume tab is where you decide on your trading size. When you see 1 lot, this is equal to 100,000 units of the base currency. The Type tab is where you decide on your trade execution mode, we advise that you stick to ‘instant execution’ as this will place a trade as soon as your press ‘buy’ or ‘sell’. If you set a ‘pending order’, then the platform will make the trade when the market opens back up. The forex market is open 24/7, so this execution method will rarely be available. Stop-loss is another term that you may see on the MT4 interface, this means that your trades are exited when your profits hit a predetermined point. Depending on what type of trader you are, the platform will offer you a specific set of charting timeframes that best suit you. For example, if you are day trading you may look at charts on a 10-minute timeframe. MT4 offers charting timeframes for 1 minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, and 1 month. You can also set custom timeframes in case the standard ones are not suitable for your trading technique. Along with advanced timeframes, MT4 also offers 30 technical indicators such as the Elliot Wave indicator, Bollinger Bands, and pivot points, along with many more. There are also third-party add-ons that can be integrated with the platform in order to customize your interface further. Add-ons like Stealth Orders and Alarm Manager are two of the most popular addons. The first is an extension, Stealth Orders is designed to anonymize trades, with Alarm Manager helping coordinate alerts and notifications. With MT4, you can also create your own extensions using Java API, which is one of the platforms most advantageous features, as it can make everything unique.
BrokerXP Mobile Trading
The MetaTrader 4 mobile app is designed with the main focus being on ease-of-use. The mobile app is packaged with lots of research tools, advanced charts, and watch lists for scanning, with many more features. When using BrokerXP’s mobile trading app (MT4), the look and feel of the mobile app have the same appearance as the web version. This means that if you know to operate the web-based platform, then the mobile app will be easy for you to grasp. With charting, you are given the same charts that are offered on the web app. However, due to the mobile screen being smaller, carrying out advanced forex analysis may be more difficult on mobile devices. But for making orders, setting stop loss or checking basic tasks, the mobile app is more than capable of doing so. The main benefit of using the mobile app is that you can make trades on the go. You no longer have to be at your computer or office in order to set trades. Let’s say that you make a trade at home then go grocery shopping. Whilst you are out you realize that you didn’t set stop-loss in your rush and your pair is depreciating when you check. Now, you can use your mobile to exit a position immediately, you don’t need to wait until you get home.
BrokerXP Customer Service
BrokerXP has a great dedicated customer service team, they are very professional and offer solutions to all of the problems that you could present them with. If you are a new trader, then you may encounter some problems when trying to get to grips with a new trading platform, so BrokerXP offers extensive educational resources. These educational resources are designed to help people familiarise themselves with the platform and all of the financial assets that are available to be traded on the BrokerXP platform. The MT4 platform also has a customer support team that is able to deal with any questions or issues that you are having on the trading side of things. MT4 also has a community section for traders, where questions about trading can get answered. A community forum is a great place for you to get tips about trading and non-essential things that the customer support team may not need to answer. For customer service, you could read here and on this link. To conclude, BrokerXP is one of the best choices for financial asset trading available. Their low fees and advanced features make it perfect for beginners and pros alike. For more reviews, you should visit official reviews on the website, Trustpilot andSitejabber. We highly suggest visiting also on Patch following links for more info and updated news https://patch.com/california/los-angeles/calendaevent/20200929/898131/brokerxp-reviews-are-happening https://patch.com/california/los-angeles/classifieds/announcements/171418/brokerxp-is-having-own-reviews-in-pacific-palisades
WikiFX: the murky business and the murkier methods
https://preview.redd.it/1rf74ljv34l51.png?width=960&format=png&auto=webp&s=566235871ce22dd3078f0532dfb672bff6eb0707 The irony of financial markets is that this business that officially has got as much regulation as arms trafficking, has also got the same problem –- numerous illegal entities that evolve around the niche. Scam brokers, funds recovery services that rob the robbed traders, HYIPs, “learn how to make millions overnight” trading courses and a number of other schemes all tend to exploit the weak point of human nature – the belief that there is the magic device with the “MORE MONEY” button out there, that someone can sell you.
A thief shouting “Thief!”
Considering the above there is a high demand in society for truthful and unbiased information about the market players. WikiFX claims to be the provider of such honest information about brokers but in fact, makes money by blackmailing brokers and promoting any company that offers to pay enough in their rankings. WikiFX is a classic illustration of a thief shouting “Get the thief!” louder than anybody else in the crowd. The strategy works unfortunately and traders tend to trust WikiFx broker’s ratings without questioning what these ratings are based on and who sponsors this global brokers’ database.
Paving the road with some good intentions
Even the most horrible crimes against humanity were done under the cover of best intentions. Starting with the first crusades and ending with the holocaust. There are always some sound arguments, protected people and reliable methods. Ask any trader whether each forex broker must be regulated by a third party? The answer will be “yes” with a near 100% probability and this answer is totally correct. Know-your-customer procedures and some unbiased third-party control are essential for maintaining the overall transparency of any business in a sphere of finance. This is the argument that WikiFX starts with when promoting its service and there is absolutely no point to argue. Starting with an indisputable truth is a good strategy to win the debate. “The long-term presence on the market adds credibility”, – says WikiFX, and hears “yes” again. “Don’t you agree that the longer the company is in the business, the better?”. “Sure”, – the trader agrees one more time. The mission is completed. This is when the broker ranker can add any other criteria to their appraisal methods. Traders will tend to trust the service because they’ve agreed upon the most important criteria. The rest are minor details. But what if the rest of the appraisal methods are not just minor issues? What if these details can be the means to manipulate the facts as much as they want to?
Can WikiFX appraisal criteria be trusted?
If we take a look at any broker’s WikiFX rating, we can see that the criteria of appraisal are the following:
The year of registration
Market Making license
For example, this is what the top-rated broker’s summary looks like at WikiFX: WikiFX Forex com example https://preview.redd.it/t4ugtbt344l51.png?width=625&format=png&auto=webp&s=95fddf8434faf8938d1a3f18bbd5f1da2ceb47e4 Looks good. Really. Regardless of the attitude to this particular brokerage, the work seems to be done fine. All the regulators are listed below, the information on the used software, licensing, and years of operation is included. But what if we take some other random brokerage with one of the lowest rankings at WikiFX? NinjaTraderBrokerage WIkiFX Ranking https://preview.redd.it/pgyqp0u644l51.png?width=631&format=png&auto=webp&s=eb268faac83608a494c31a39eb1621f7132e3520 This is where the truth reveals itself. Once again, regardless of the attitude to this particular brokerage this is really easy to find out what they do, what licenses they’ve got and what kind of software they use. Suspicious clone? Seriously? If WikiFX staff cared enough to do any investigation prior to stamping that “Suspicious” mark on the brokerage, they would have seen that both domains, nijatrader com and ninjatraderbrokerage com belong to the same entity. NinyaTrader whois data https://preview.redd.it/2097lkw944l51.png?width=563&format=png&auto=webp&s=079cc4248b825a3cd941c6b691a67bb9769f4f7f If they cared enough to collect information on the brokerage from at least one reliable source, like Investopedia or any other similarly known database, they would also have found out that the company not only provides the brokerage service, but also is known for its trading platform with advanced technical analysis tools. But the only trading software that WikiFX considers reliable seems to be MT4/MT5. They simply ignore the fact that trading does not evolve around MetaTrader products, no matter how good and popular they are. WikiFX lowers the score of any brokerage with custom-developed software. We can clearly see this with the above example. Other criteria that WikiFX is proud to use for the broker’s appraisal are regulations. Using the same example let’s see how well they do the appraisal in this field. As you can see above, WikiFX used the “Suspicious Regulatory License” stamp for NinjaTrader Brokerage. And here is what The National Futures Association, that NinjaTrader is registered with as a futures broker has on its record: NFA regulation of NTB proof that WikiFX did not consider to be trustworthy https://preview.redd.it/di8fwkdd44l51.png?width=629&format=png&auto=webp&s=2de618d5df26bd8fcca99c51a6030f4bdfa7f776 We can’t expect every trader to know that any futures broker that wants to operate on the US market must be a member of NFA. This is the requirement of the Commodity Futures Trading Commission regarding the futures broker’s operations. But this is totally unacceptable for a broker ranking website, which WikiFX claims to be, to mark NFA-registered futures brokerage as non-reliable. By the way, did you notice on the above screenshot that NTB has obtained the NFA license in 2004? Yet, this does not prevent WikiFX from claiming that the brokerage has only been providing its services for 1-2 years only, instead of the factual 16 years of operations. We can long discuss the reasons that lie behind such selectivity of WikiFX but this random example clearly shows that any brokerage that provides access to non-forex derivatives trading or dares to suggest custom-developed software to its traders is in danger of receiving a negative review at WikiFX regardless of the factual reliability and regulations.
What lies beneath WikiFX selectivity?
WikiFX claims to have a team of professionals that are all involved in objective appraisal of broker’s services, licenses and used software. The methods used by these professionals remain unrevealed and as we see from the above comparison two similarly reliable brokerages can get any score from 1.0 and up to 10.0 at WikiFX, no matter what regulations they’ve got, for how long they’ve been in the business and what kind of software they use. This is difficult to say what lies behind such selectivity with 100% confidence. The first thing that comes to mind is that WikiFX might be affiliated with some brokers. The hypothesis gets even more realistic if we try to understand who sponsors WikiFX. There are no transparent built-in ads neither on the web-version of the website nor in its applications. There are no paid subscriptions for access to the database. This means that users sponsor the service with neither their attention to ads nor directly. Being the non-charity and non-governmental organization WikiFX can’t be sponsored with donations or a government. The only option that we have left is that brokers sponsor this ranking system directly, which automatically makes the whole system non-reliable and highly biased. The only transparent method that we know WikiFX uses to collect money is sponsorship fees they collect from their offline events participants. Let’s have a look at the exhibitors of the recent WikiFX Expo in Thailand. WikiFX Expo Exhibitors
TLC is a non-regulated investment platform that was founded in 2019
Samtrade FX is not regulated by any of the agencies that WikiFX itself lists as reliable
Forex4you is not regulated by any of the agencies that WikiFX itself lists as reliable
B2 Broker is a non-regulated broker
XDL FX is a non-regulated broker
VAT FX is a non-regulated broker Six out of sixteen WikiFX recent expo exhibitors do not have proper legal status according to the “standards” of WikiFX itself. This fact does not prevent them from promoting the services of these companies at their offline events. This conspicuous fact tells a lot about the attitude of WikiFX to common traders looking for reliable partners. Reputation is nothing but a sale item for this brokers’ ranking system.
Murky & Murkier
So far we’ve only discussed the facts that anyone can check himself using free tools and sources. It was not that difficult to discover that WikiFX uses non-transparent standards for brokers’ appraisal. It ignores the specifics of some brokerages lowering their scores due to non-standard derivatives they offer to trade or custom trading software. It also promotes non-regulated and non-licensed brokerages, which is 100% against the declared WikiFX values and mission. The rumors are that this company was also noticed blackmailing brokers with the purpose of making them pay for better reviews at WikiFX. There are also some signs that indicate suspicious promotion of WikiFX platform through social media and Quora. Some of the WikiFX positive reviews also look highly suspicious. All of the above is a matter of further investigation. Nevertheless, thousands of users keep relying on the information provided by this scam ranking system. It may even look like all these users are satisfied. WikiFX has got 4.5 starts at Google Play, which sounds good enough. However, positive WikiFX reviews use similar semantics and are also highly suspicious. Despite the high average grade, Google Play finds the following messages to be most relevant and brings them to the top of WikiFX reviews: Google Play most relevant WikiFX reviews https://preview.redd.it/kftutvcl44l51.png?width=532&format=png&auto=webp&s=1ccb74ee156388285a2fab711dd604945c04377c
You’ve got the facts now and it’s time to make your own conclusions.
I'll use this post to also just say hello to everyone in the subreddit. Pleasure to meet you all. As for my question, I'm currently getting some 1 on 1 mentoring to start my journey into Forex Trading and I must say my interest in trading has peaked even more since I've started. Tonight, I felt like doing some reasearch of my own as I wait for our next training session with a simple question. When I do finally have my strategies set out and am able to analysis charts and news to get my information, what would be a good starting amount for an actual brooker account? In case it's needed, the broker I've been suggested to use is HotForex and I use SmartTrader and the HotForex Program as well as Metatrader 4 on my phone for my graphs and trades. Any info you all have would be greatly appreciated. Edit 5/23/20: I'm genuinely surprised by the many replies I've gotten in the past few hours. I really appreciate each and everyone you guys left me. They're all filled with such wise and interesting advice. I've made sure to take it all into account. As for my question above, I've decided to go with $200 for my live account when I start for two main reasons. The first being that all responses have fallen between $100 - $300 and secondly, it's an amount that I am comfortably ok with lossing as I go through the process of learning. Should anyone like to provide me with any other advice though, I'd be more than appreciative. Thank you all and I wish you all the best of luck in your own trading endevours.
Binary Options Review; Best Binary Options Brokers
Binary Options Review; Best Binary Options Brokers We have compared the best regulated binary options brokers and platforms in May 2020 and created this top list. Every binary options company here has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The broker comparison list below shows which binary trading sites came out on top based on different criteria. You can put different trading signals into consideration such as using payout (maximum returns), minimum deposit, bonus offers, or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. This review is to ensure traders don't lose money in their trading account. How to Compare Brokers and Platforms In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from your country e.g. check US trade requirements if you are in the United States. Here at bitcoinbinaryoptionsreview.com, we have provided all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
What is the Minimum Deposit? (These range from $5 or $10 up to $250)
Are they regulated or licensed, and with which regulator?
Can I open a Demo Account?
Is there a signals service, and is it free?
Can I trade on my mobile phone and is there a mobile app?
Is there a Bonus available for new trader accounts? What are the Terms and
Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices, and stocks – and how many of each?
Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of the day, long term, etc?)
How much is the minimum trade size or amount?
What types of options are available? (Touch, Ladder, Boundary, Pairs, etc)
Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
Do they operate a Robot or offer automated trading software?
What is Customer Service like? Do they offer telephone, email and live chat customer support – and in which countries? Do they list direct contact details?
Who has the best payouts or maximum returns? Check the markets you will trade.
The Regulated Binary Brokers Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option. Regulators - Leading regulatory bodies include:
CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
FCA – Financial Conduct Authority (UK)
CFTC – Commodity Futures Trading Commission (US)
FSB – Financial Services Board (South Africa)
ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organization. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort. Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner. Bonuses - Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment, or risk-free trade. Whatever the form of a bonus, there are terms and conditions that need to be read. It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt-out’ of taking a bonus. Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over-trade’. If the bonus does not suit you, turn it down. How to Find the Right Broker But how do you find a good broker? Well, that’s where BitcoinBinaryOptionsReview.com comes in. We assess and evaluate binary options brokers so that traders know exactly what to expect when signing up with them. Our financial experts have more than 20 years of experience in the financial business and have reviewed dozens of brokers. Being former traders ourselves, we know precisely what you need. That’s why we’ll do our best to provide our readers with the most accurate information. We are one of the leading websites in this area of expertise, with very detailed and thorough analyses of every broker we encounter. You will notice that each aspect of any broker’s offer has a separate article about it, which just goes to show you how seriously we approach each company. This website is your best source of information about binary options brokers and one of your best tools in determining which one of them you want as your link to the binary options market. Why Use a Binary Options Trading Review? So, why is all this relevant? As you may already know, it is difficult to fully control things that take place online. There are people who only pose as binary options brokers in order to scam you and disappear with your money. True, most of the brokers we encounter turn out to be legit, but why take unnecessary risks? Just let us do our job and then check out the results before making any major decisions. All our investigations regarding brokers’ reliability can be seen if you click on our Scam Tab, so give it a go and see how we operate. More detailed scam reports than these are simply impossible to find. However, the most important part of this website can be found if you go to our Brokers Tab. There you can find extensive analyses of numerous binary options brokers irrespective of your trading strategy. Each company is represented with an all-encompassing review and several other articles dealing with various aspects of their offer. A list containing the very best choices will appear on your screen as you enter our website whose intuitive design will allow you to access all the most important information in real-time. We will explain minimum deposits, money withdrawals, bonuses, trading platforms, and many more topics down to the smallest detail. Rest assured, this amount of high-quality content dedicated exclusively to trading cannot be found anywhere else. Therefore, visiting us before making any important decisions regarding this type of trading is the best thing to do. CONCLUSION: Stay ahead of the market, and recover from all kinds of binary options trading loss, including market losses in bitcoin, cryptocurrency, and forex markets too. Send your request via email to - [email protected]
Trader Rookie Position Size Forex Calculator, need some feedback on a browser extension
Hey Community! I am super excited to finally have my browser extension live for anyone to download for Google Chrome and Microsoft Edge. I would love to get support and feedback on the extension! ❓Why I built the Trader Rookie Position Size Forex Calculator❓ I am dedicated to day trading and trading the foreign exchange markets. I have recently launched https://traderrookie.com to share content for aspiring daytraders and help people get started in the exciting world of trading. In the long run, I am looking to build supplementing income for my trading career. Personally I have always been frustrated with the RISK management tools available to traders, so I have developed a position size calculator that lets you calculated position sizes for any forex, commodity, or index pair. How it works: You set your entry, stop loss, and up to 3 separate take-profit targets, and the calculator calculates your risk size in lots or units based on account size and risk tolerance. The calculator's user interface synchronizes instantly across browser tabs and lets you calculate position sizes on top of a charting package like TradingView and then execute the trade with your broker in another browser window OR with desktop software like Metatrader or similar. https://preview.redd.it/m001kyth6nf51.png?width=920&format=png&auto=webp&s=f16aa3993e427eeca0a802ae5f47a7e34e3d7b1d The extension can be downloaded here: Chrome web shop:https://chrome.google.com/webstore/detail/trader-rookie-position-si/kcdjnmmjcnbpbjiemhcdiblekmpnbgec?hl=da&authuser=1 Edge Add-ons:https://microsoftedge.microsoft.com/addons/detail/trader-rookie-position-si/addmhmcfpoimgajbbeckdghdpoeobipc The extension features an add banner.Right now it has an add for the Extension, but I would like to promote content from my webpage like articles and other free stuff for traders. I have a long list of additional features I would love to implement in the extension in later versions, but for now I am happy to have the first version ready for my audience. If you're curious, check my page out at https://traderrookie.com
If you have been involved in online trading for some time, chances are you have used the MT5 software. Even if you are new to online trading, I am sure you have heard about MT5 from more experienced traders in your network. But the platform isn’t just popular for no reason. Both traders and brokers find it useful because:
It has impressive functionalities that you can’t get on any other platform
It is openly available to all brokers and traders.
However, that is not all there is to MT5. So this post will be looking at some exciting things about MetaTrader 5, including:
The types of account it offers
Basic terms every professional trader should know
Before we delve into highlighting the features, let’s look at what MetaTrader 5 really is. So what is MT5? MetaTrader is a multi-asset platform that offers traders the tools to trade forex, stocks, and futures. The first version of the software, MT4, was created in 2005 by MetaQuotes Software Corporation. The second version, MT5, was released in 2010 to offer more functionalities and better trading experience to users and brokers. With the history out of the way, let’s look at the features that make MT5 the software of choice for most brokers and traders. 5 features of MT5 that make it the market leader
Multi-asset trading platform
Automated trades to test trading strategies
Automated bots by experts
Hedging and netting allowed
21 time-frames — from minutes to years
The 3 types of MT5 accounts available on Deriv.com One of the things that have made MT5 very popular is its open-source nature. This has allowed different brokers to integrate it into their respective trading platform. But at Deriv.com, we didn’t just integrate MT5 into our platform. We blended the powerful functionalities of the MT5 with our experience as pioneers in the online trading industry and we call it — DMT5 an all-in-one forex and CFD trading platform. When you trade with DMT5, you have the option to choose from three different account types, each designed to appeal to traders with varying styles of trading and experience. The three account types are explained in the images below. Types of DMT5 account DMT5 Accounts It is worthy to note that synthetic indices are only available to Deriv.com traders and can be traded even on weekends. Another point to note is that while Deriv.com created the synthetic indices algorithm, the market mimics the real-world financial market. Lastly, let’s look at some of the terms that you should know if you want to succeed in online trading. Basic terms every professional trader should know 1. Leverage Leverage gives you the ability to trade a larger position using your existing capital. 2. Order execution There are two types of order execution: instant execution and market execution. Instant execution places your order at the price available at that time. Requotes are possible only if the price fluctuates by a lot before the execution of the order is completed. Market execution allows you to place an order at the broker’s price. The price is agreed upon in advance, there are no requotes. 3. Spread A ‘spread’ is the difference between the buy and sell prices. A fixed spread is subject to changes at the company’s absolute discretion, whereas a variable spread means that the spread is constantly changing. A fixed spread is not affected by market conditions, a variable spread depends on market conditions. 4. Commission Brokers usually charge a commission for each trade that is placed. Deriv.com, however, charges no commission across all account types, except cryptocurrencies. 5. Margin call Your account is placed under margin call when the funds in your account are unable to cover the leverage or margin requirement. To prevent a margin call from escalating to a stop out level, close any open positions, or deposit additional funds into your account. 6. Stop out level Your account will reach the stop out level where it will be unable to sustain any open positions if it has been under margin call for an extended period of time. This will lead to all pending orders being canceled and open positions being closed forcibly (also known as “forced liquidation”). 7. Cryptocurrency trading Indicates the availability of cryptocurrency trading on a particular account. These are the basic things you should know about MT5. If you are new to online trading, we highly recommend you read the following posts: https://medium.com/@derivdotcom/things-you-need-to-know-about-mt5-961b2665a4fb
Triton Capital Markets — How to Trade with MetaTrader 5
Triton Capital Markets offers the incredible MT5 to its dealers, permitting them to exchange various resources, for example, on forex, fates, and, with adaptable just as no re-cites, no value dismissals and zero slippages. A center advantage of the MetaTrader 5 stage is that you can exchange from anyplace and whenever from the solace of your cell phone and tablet. This empowers a broker to exchange their advantages of decision from any internet browser and any gadget. Moreover, the MT5 stage offers, exchanging signals and, and all the accessible devices and highlights can be utilized from a solitary incredible. Here is the thing that to do to encounter the full intensity of the Triton capital Markets MetaTrader 5: 1. Training As referenced above, MetaTrader 5 is stuffed with various highlights and exchanging assets, which are intended to upgrade your exchanging exercises. It is critical to find out pretty much all the highlights and their pertinence to guarantee that you are well prepared to exploit the full intensity of the stage. From the accessible 7 resource class types, various exchanging devices, pointers, and graphical items, to 6 distinctive request types, numerous robotized systems, and market profundity, you may have the option to completely misuse the crude intensity of the MT5 stage if you set aside some effort to teach yourself on all the accessible functionalities of this natural stage. Triton Capital Markets additionally has various instructive materials explicitly on the MT5 exchanging stage that are open for nothing in our ‘ area. Make certain to exploit the educational and amicable eBooks and recordings that disclose in detail how to exchange money related resources online proficiently. 2. Installation Here are the base framework prerequisites for utilizing Triton Capital Markets MT5 on your PC: Windows 7 Operating System or higher (64-piece framework suggested) Pentium 4/Athlon 64 processors or higher (All cutting edge CPUs ought to have the option to help this) If you mean to be a substantial client (For example, opening different outlines and using numerous EAs), you could think about increasingly incredible equipment choices Follow the means underneath to download and introduce Triton Capital Markets MT5 on your PC: 3. Add Your Request If you have just signed into your Triton Capital Markets MT5, it is presently an ideal opportunity to estimate the costs of your preferred resource. There are a few different ways to put in a request on MT5: Snap-on Tools on the Menu bar. At that point select ‘New Order’ On the Market Watch window, double-tap on the benefit you wish to exchange (you can likewise right-tap on your ideal resource and afterward select ‘New request’) Open the Trading tab on the lower terminal and select ‘New Order’ Press F9 for a single tick exchanging on the outline of your preferred resource At the point when any of the above alternatives is applied, the ‘Request Screen’ will spring up. The screen will have a tick graph on its left side and customizable request subtleties on the right. The tick outline shows the offer and asks costs, and along these lines, the constant spreads (the contrast between the offer and ask costs). The request subtleties on the privilege are: Image — This is the benefit you wish to exchange. Request Type — You can pick between Market Execution and Pending Execution request types. Volume — This is the amount (in part measures) that you wish to exchange, of the chose hidden resource. On a standard record, 1 part size is what could be compared to 100,000 units, which commonly implies that will be around 10 US dollars (USD) on most resources. Stop Loss and Take Profit — You will have the option to join stop misfortune and take benefit orders on the entirety of your exchanges. Stop misfortune orders when the advantage value moves against you, while take benefit orders permit you to book benefits when the benefit value moves in support of yourself. Remark — You can include any notes concerning any exchange of the remark segment. This is perfect for merchants that report their exchanging exercises. Exchange Any Time and From Anywhere The Triton Capital Markets MT5 stage likewise has a web form that is open on both portable and work area programs. There is likewise a downloadable versatile MT5 App that is good with both Android and iOS cell phones. This gives the accommodation and adaptability to exchange from anyplace. Besides, you can likewise sign in over the various stages utilizing single login certifications. MetaTrader 5 — The Benefits of Trading with Triton Capital Markets Triton Capital Markets is an honor winning and which furnishes brokers with all the devices, administrations, and highlights required to satisfy one’s full exchanging potential. Guideline — Triton Capital Markets is a managed dealer, giving merchants genuine feelings of serenity that they are joining forces with an agent that works inside the rules as set out by perceived, global administrative bodies. Natural Trading Platforms — Triton Capital Markets gives its dealers access to a wide decision of top-quality and incredible exchanging stages including the exceptionally famous MT4 and MT5 exchanging stages. A Choice of Trading Instruments — Traders at Triton Capital Markets can get to a decision of exchanging instruments including digital forms of money, stocks, products, records, forex sets, and securities. Wellbeing and Security — Safety and Security — At Triton Capital Markets, every one of the customers’ assets are held in an isolated record. Besides, each record has negative equalization insurance to guarantee that a dealer’s record never goes under zero. Secure Payment Options — For installments, Triton Capital Markets gives access to a wide assortment of, which incorporates charge cards, wire move. Complete Educational Resources — Triton Capital Markets gives its brokers access to a wide decision of instructive materials including recordings, eBooks, online courses, articles just as access to Sharp Trader, our special exchanging foundation. Proficient and Responsive Customer Support — You can contact the multilingual Triton Capital Markets client assistance just as access to a committed record director.
Ok, so I want to get into trading as I've been stalking this trader for a while now on social media and honestly it seems too good to be true. I've done intensive research into his life but I can't quite see why or how he is making so much money... let's start with the basics, he grew up in a city 30mins away from me, he failed school dropped out and apparently started trading at an early age of around 18. Heres where it gets weird: him and 2 of his (what seems like) childhood friends created and owns a company, let's call it "GO-forex" and the company seems to be a signal giving forex company (I'm not sure how it all works) but apparently he sends messages to other forex trades when to make trades. Apparently he does this for free as he gets paid by "another company" to do this as his job. What's sketchy is the way he recruits people and how the business model works, basically when I asked if I could work for him he said "you need more followers" on Instagram. I looked at his workers, a group of 10-15 people and they all had 5k+ followers on Instagram an continuously keep posting things like motivation, why forex is the best, flexing and importantly, telling people to get on this free forex signals thing. That's how I found out about him, a mutual friend was working for him promoting forex lifestyl and that but suddenly left and became a mechanic... what's also sketchy is that he keeps saying "minimum £300 is what the broker will take for you to start and you can withdraw money at any time" I know a broker gets commission and stuff but whats going on here? He posts daily messages he gets from his customers making £90 or £120 and them thanking him, and his always like "join now!!!". I think the app he uses is metatrader and he always flexes when he makes a lot of pips, making anywhere between £1000 to £7000 profit per day. He is also constantly promoting his masterclass and shows that he is into real estate investing too. I really have no clue what is going on with this, what's the business model? Does he make more money off the company or trading himself? Is he faking it till he makes it? Is he secretly the broker? Is he stealing his customers money and using it for his own trades? Why does he want to give people signals? Why is his business so reliant on social media? Is he a fraud? I have too many questions but not any answers. He is living the life I always wanted yet he looks like he hasn't worked hard or isn't that smart....
People ask me all the time what broker I think they should use. But it all depends on what you want to trade. To save time, to keep the threads and my inbox clear from these questions, here are my two main brokers that I think are the best out there at the minute and what I use everyday. Also a few reasons why. If anyone has questions, as always, feel free 👍 For Forex, I recommend using TeleTrade with Metatrader. They are a great broker that have been around for 25 years. They have some great offers such as giving you a £100 account on sign up in which you can keep the profits. They also have super quick witdrawrals and they're help service is second to none. Spreads are also quite competitive which is important. You can also trade stocks on Metatrader with this broker. https://my.teletrade-dj.com/agent_pp.html?agent_pp=26388159 The app I use for trading stocks is trading 212. I opened my account with these years ago. Its so simple to use and great for beginners. https://go.trading212affiliates.com/visit/?bta=35991&brand=trading212 I hope this helps. Note: These are affiliate links. I affiliate myself with all of the brokers I use. If people are going to ask me what to use all the time and sign up to them it would be silly not to.
I've been researching trading for some time and would like to begin trading with real money in the coming months. I'm currently demo trading with £500 since this is the amount I will most likely deposit when I begin trading, but I'm still uncertain in some things:
Initially I was going to trade with Trading212 since it is a platform and a broker, but have read some negative reviews and stories of being scammed. Is the platform safe to use, and appropriate for a deposit of my size?
I have also looked at trading with MetaTrader but understand that it is only a platform to trade on, and that a broker is still needed for this. Is there a UK broker that I could use to trade with that would be useful for day trading Forex, and for deposit of around £500?
-- When I do see traders post their profits (on things like Instagram), I realise that they use MetaTrader nearly all the time and wanted to know why they don't use Trading212 or other online brokers, why is this? I know it is quite a few questions but would be happy if any of these questions could be answered to help understand in more depth.
Als MetaTrader Broker werden schlichtweg solche Forex- und auch CFD-Broker bezeichnet, die ihren Kunden den MetaTrader als nutzbare Handelsplattform anbieten. Dabei ist zu beachten, dass es sich beim MetaTrader meistens um eine Desktop-Variante handelt, sodass in aller Regel eine Software zu installieren ist. Der MetaTrader kann für gewöhnlich sowohl für den Handel mit CFDs als auch für ... The ForexBrokers.com annual forex broker review (four years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test. Having personally used MetaTrader platforms from several dozen brokers for more than a decade, in this guide I will outline some of the reasons why new and existing ... 20 Best Metatrader 5 Broker – Bewertet und verglichen . Es gab einen Zeitpunkt, an dem Forex ein Begriff war, der die meisten Menschen wegen des Unbekannten in eine spiralförmige Angst versetzt hatte. Das Navigieren durch ein engmaschiges Netz aus Jargon und Indikatoren kann für den ahnungslosen Neuling scheinbar überwältigend sein. Ein tiefer Vergleich der MT5 Makler aus Großbritannien und Europa. Vergleichen Sie diespreizt, Features, Ausführung und weitere der besten MetaTrader 5-Broker zu finden,Forex-Handel mit im Jahr 2020. MetaTrader 4 Forex Brokers — a list of 200+ MT4 Forex brokers sortable by leverage, minimum account size, and spreads. Read reviews and see traders' ratings of MT4 brokers (Forex brokers with MetaTrader demo/live accounts). MetaTrader 4 is an online platform that provides two core services- financial markets analysis and forex trading solutions. It is a vital tool for the forex market as it allows traders to invest in appreciating currencies to earn interests. In another perspective, the MT4 enables users to view the forex fluctuations in real time so as to make speculative investments that have higher pay-outs ... Forex & CFDs, MetaTrader 4 & MetaTrader 5 & unser bester Service aus Berlin. Willkommen beim DAX30 Spezialisten und dem CFD Broker des Jahres (Brokerwahl). Forex & CFDs, MetaTrader 4 & MetaTrader 5 & unser bester Service aus Berlin. Wir nutzen Cookies, um Ihnen das Webseitenerlebnis bestmöglich anbieten zu können. Durch weitere Nutzung der Webseite erlauben Sie die Nutzung von Cookies. Für ...
TradingView vs. Metatrader: Which Platform is Best for ...
"Forex and Binary options trading carry a high level of risk and can result in the loss of all your fund.You should never invest money that you cannot afford to lose." 🔴 About: AM Trading Tips ... #forex #forexlifestyle #forextraderWant to join the A1 Trading Team? See trades taken by our top trading analysts, join our live trading chatroom, and access ou... http://nakedforexnow.com/forum.php How to get *many* broker feeds on one Metatrader account. ★FOREX & CRYPTO BROKER I USE!★ http://bit.ly/jrod4xbroker In this video I go over my favorite broker to use when trading the forex or crypto markets. The mai... How To Open a Forex Broker Trading Account and help guide you on connecting it on to your MetaTrader 4 app. Broker Sign Up Link: https://www.hugosway.com/?cmp=3... These are our top 3 forex Brokers! Insanely I forgot to mention who ranks best for spreads & currently Blueberry Markets seems to be giving you the best bang...