bluemac

The indicators can only help us identify the market oversold or overbought conditions however it is usually recommended to use one or two indicators to get confirmation of the market behavior. Putting too many indicators on the chart can confuse new traders in my opinion.

On 1/26/2018 at 3:31 PM, ron.kotka said:

1. Gold was once used to back up fiat currencies.

2. Gold is used to hedge against inflation.

3. The price of gold affects countries that import and export it.

4. Gold purchases tend to reduce the value of the currency used to purchase it.

5. Gold prices are often used to measure the value of a local currency, but there are exceptions.

 

I usually trade EUR or GBP and sometime look into oil as well but i think gold trading is bit riskier because it is affected by news just as the case of the situation these days.

Not sure i have heard this brokers name for the first time although this post is from long time ago so better to go with reputed brokers like hotforex, octa, xm, exness, lmfx etc rather than choosing those with no credibilty.

We should also go for a reputed broker beside being regulated because you never know when even a regulated broker turned into scam like some bad examples of the past. Not sure if those traders got their money back yet.

They can be learned with the passage of time and we can easily learn the basics using a demo account easily than any other learning resources available in my opinion.

The first part is to save money and then invest those savings into those avenues which promises good returns. Never invest to that extent which you can't afford to lose and diversify your portfolio. Moreover learn about those avenues where you want to invest.

Scalping can be usually done when the markets are in volatile conditions so better the new traders should avoid entering and exiting market for shorter time frames as it could hurt their balance if anything go against them.

I believe you can either find it in your login area by clicking on open a demo account and then select contest account.

Its really very hard recommending any broker these days however some of the reputed brokers like hotforex, octa, xm, exness, lmfx can be shortlisted for further finalizing the right broker in my opinion. Yet the traders looking for broker do some of their own proper research.

I guess almost every broker is allowing scalping however the trader should keep in mind they should not over trade or over leverage themselves as it can put them in a losing situation.

Signals can be good but they are always hard nuts to crack so can double your trouble too in the middle. Better concluding your own decisions by learning the necessary skills and by the way before posting any further comment have you checked the date of this thread..! You are bumping two years old thread right now.

I guess if you want to hold it then you can withdraw your profits into bitcoin and hold it for as long as you want.

On 5/5/2020 at 10:28 PM, L Moore said:

Actually choosing a broker is very much difficult task from all , because there are lots of trading brokers in this retail market place and most of them are found to be scams. We the traders have to choose the broker which for all time make sure secure environment for trading , actually In FX trading only real regulated trading platform for all time ensures security of funds at any deposits with a wide range of trading technologies.  

Broker selection is really becoming hard these days coz every new broker coming in each day while many winding up their operations as well. So better to do some proper research before finalizing the right broker to start.

First i think short listing a few reputed brokers and checking their reviews across the internet to further shortlist the top one in my opinion. FPA and other sites can be helpful in looking for traders insights regarding these shortlisted brokers. After that we should check the broker processes by testing them through their demo accounts. Once the right broker is finalized even then it is good to start with small deposits to further test their processes like withdrawals etc which we can't usually test through their demo accounts.

We can also use this bitcoin to fund our account as well as it can be used for processing withdrawals.

They do have a contest which is more or less similar to the contests offered by other brokers.

On 10/7/2017 at 8:31 AM, Natural Mess said:

Forex Trading is a very risky and thus we need to have more than one sources of income so that we could survive, when we lose a lot in Forex.

Even if it is a risky business, many successful traders live luxury life of their dreams just by earning money from forex trading.

Trading with EA requires monitoring because they are usually coded to follow the technical analysis so those who really wishes to go fully automated should read the EA manual before implementing them to live accounts.

In fact we all need a proper trade management plan and better stick to it if we wishes to become more good at trading forex.

Actually these brokers are in fact the trading partners providing all the relevant stuff for initiating trades in markets however broker selection is becoming really harder these days. I however suggest a few decent brokers like hotforex, xm, oanda, octa, lmfx etc which can be considered while choosing a right broker.

Is it the learn and earn demo contest where the winner also receive around 1000 uSD. I guess that is a good option for those who wish to learn and earn at the same time however i think that the competition might be tough too.

Yes the demo is free to test without depositing any amount with the broker and i guess it is very easy way to test any broker processes easily.

In short, broker is the one who facilitates us with all the required technologies to initiate trades in forex market.

At least i wont relate trading with gambling because we have to follow certain rules, doing analysis and making good conclusions based on such experience to earn money however if we make mistakes we will looses money in forex for sure. SO i think it isn't any gambling but a pure professional business which does not spare any mistakes.

Is this software works with MT4 as the broker which i am trading with is on MT4.