Recent content by DenzilJude

MetaTrader 5 is a fantastic trading platform that outperforms MetaTrader 4 in areas such as back testing and DOM (depth of market). When given the option, most Forex traders still prefer MetaTrader 4 over MetaTrader 5.

MT4 contains many more indications than MT5, but it has its own set of limitations. I still like and use MT4 since I can locate the indicators I need for my trade.

The greatest platform for me as a scalper is MT4, as their trading circumstances are adequate with basic tools, and the majority of currency traders prefer MT4 over any other platform.

As of now, I would suggest keeping it on hold because there might be another downside to cryptocurrency. There has been no great improvement, so the best thing for now is to stay on the safe side by not investing in it.

For scalping, the best choice of brokers is ECN since the spreads are tighter. I recommend scalping with FP Markets because their commission cost is lower than most ECN brokers, at $6 per round lot. The spreads are also stable even during highly volatile market news movements with faster...

Major pairs are mostly the best forex pairs to start off for beginners since their volatility is lower and liquidity is higher with tighter spreads. And using a suitable broker that provides good trading conditions can be an advantage. For example, my broker, FP Markets, provides stable spreads...

I prefer forex trading because it is the largest market in the world and forex is mostly based on the trader's skills and strategy that are used to make profits.

It is more important to choose the platform for trading currencies, and the MT4 is the best.And I suggest trading with brokers like CMC Markets, Avatrade, or FP Markets. They have robust trading conditions that provide some of the lowest spreads of 0 pips for most major or minor currency pairs.

The time of trade mostly depends on the currency pair and the strategy, since I trade with EURUSD I prefer the New York or London time for its volatility.

How can a beginner trader know which is the best risk management ratio before entering live trading, and is it not possible to do emotional trading if the risk is managed?

The reason why consistency is needed because it gives traders the confidence to take risks and also build new strategies or money management skills to avoid losses.

I prefer trading with a robot because the chances of profit are more than manual trading. The only drawback is that it requires a higher minimum balance when compared to manual trading.

In my view, it is FP Markets because I've been trading with them for a while, and the spreads have been consistent without any issues. Their customer service is also responsive on live calls, emails or live chats.

I suggest trading manually instead of using an EA because you need to have a higher balance when using an EA, and there is no 100% profit in it.

Are there real best indicators? Any suggestions on which indicator can I use for scalping with EURUSD currency pairs?