muruku

I noticed that they started to freeze your MT4 when come to drastic candlestick fluctuation or econ news....

Re: Is it safe to trade Forex for Living ?

 

You can use all the normal ordering facilities such as limit/stop orders etc., however I don't know of any spread betting companies which use MT4, so you have to use their own charting facilities (which can be pretty good though there's not much scope for automated trading).

Re: What criteria to pick wihch currency pair to trade

 

US Dollar is the most important currency in the global economy. It is heavily traded against other currencies like Euro, British Pound, and Yen etc. Many trader trade currency pairs involving USD. They make the mistake of only studying US Dollar while ignoring the other currency in the pair. This neglect of the second currencys economic conditions can greatly hinder the profitability of the trade. This neglect also makes the odds of a loss high. When we trade against a strong economy, the chances of failure are more. The weak currency in the pair could flop badly while the strong currency in the pair may appreciate more than what you calculated.

While choosing a currency pair to trade, one should study the economies of both the currencies. Finding the strong economy/weak economy pairing is the best strategy to use when maximizing returns.

Re: Is it safe to trade Forex for Living ?

 

if we trade the forex market you must be prepared, that there are days that you lose, its impossible as a day trader to win every day. Thats why its important to have a stop/loss when you lose and when you win, protect you profit with a trailing stop, and know your equity.

Re: Is M5 scalping dead?

 

So for me ,also i will still use this 5M TF for my Index trading........