binaryowner
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Pivot point is actually one kind of indicators. It is used to determine market trends. I often found this useful for my trading. This indicator works by creating support and resistance. And sometimes you can get good set up of trading by using this method. I learned this from HFM webinars.
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What do you think is better way to trade: using market or limit order? I still cant' decide which is better?
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Yeah I prefer to measure and set profit and stop loss targets in terms of pips and then choose respective lot size, so that max risk I take do not exceed 1% per trade
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What is the Best Course for Begginer
binaryowner replied to momo10's topic in General Forex Discussions
Can you advice which their speakers are the best to watch? I also started to watch their webinars but want to choose those which are packed with knowledge, trading tips and experience -
How long have you been trading with each of those brokers? Btw what is your experience with Exness or Hotforex because I trade with them and want more feedback about them.
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Forex Basics 4 Advanced&Beginner Traders
binaryowner replied to StefGrig's topic in General Forex Discussions
Agree, choosing forex broker is very important and one must be choose it by focussing properly about the broker wheter they are legal or not, have all the required option or not and many..we should mot be hurry in choosing the broker. -
Introduction to Fundamental Analysis...
binaryowner replied to StefGrig's topic in General Forex Discussions
Fundamental analysis help trader to foresee and determine the development in the price trends of currencies, based on which, he attempts to predict market changes and make profits. I do this with autochartist which is provided for free by HFM, for example, if I can't struggle to find trading pattern -
To have the ultimate advantage, you need to do much as you can to educate yourself and fill yourself with knowledge. There are always more things to learn, like from youtube videos, broker webinars, for example from HFM, etc. The more you learn the more leverage you'll have. The more leverage you have, the more advantage you'll have. And with a big advantage, it makes life a whole lot easier.
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Is it possible to test it on HFM demo first? Also can it be installed on MT4 as well?
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I use MACD and RSI and ATR to identify trend and momentum, other tools include autochartist software from HFM. Don't see any point to use other tools because I manage to make money with them.
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Money management is the key and also the major difference between a winner and a loser, so if we want to be successful than we must plan to do good money management as it is the only way to have stable earning. I look towards my broker HFM to help me in this because my financial condition is not great so their rebate service where I can get back good part of commission which is a major help and I can ask my friends to join as well which gives even more income
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Rather to look at more trusted trading venues like HFM, etc., since they are regulated by UK's FCA
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Is it possible to try this EA first on demo. Btw I use HFM, is this software broker specific or not?
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Have you considered HFM, Tickmill or other FCA regulated brokers. I guess they accept traders from Australia and look pretty reliable since they have license from top regulator in this industry.
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Imo better to watch webinars from broker experts because they have more knowledge and provide up-to-date information about trading strategies, markets, economy, etc. My favorites are from HFM and Tickmill.