Recent content by Gilbert.Jer

5- Choose five currency pairs to trade 3- Develop three trading strategies 1- Pick one time of day to trade

Hi, fellow traders! I'm sharing with you a few points that I wish someone had told me during my initial trading days. If you have more points, do add on! 1. Making multiple trades Wanting to diversify your portfolio is good. But doing it too soon as a newbie might leave you bombarded with...

I recommend the Moving Average which is used to identify trends and Relative Strength Index (RSI) which is used to measure the speed and magnitude of price movements.

The ICT technique is effective, but it is difficult to grasp and comprehend. It takes a lot of time and focus to understand all Michael says, but the effort will be well worth it in the end.

My advice would be to trade manually during the initial stages to understand how the market flows, and then set up an EA. Setting up an EA without any proper knowledge can lead to a loss of capital.

Looking for a good scalping strategy broker for the JPYUSD currency pair with lower risk and loss value? Any suggestions?

If you are looking to scalp the best platform I suggest is the MT4 since it is best suitable for forex trading with Real-Time Access to Market Prices and Liquidity.

I'm not sure if indicators have a high success rate, but it is also the only way to profit from scalping, and I agree as well that pure price action is good.

Manual trading is much better because you don't need to have a higher balance and to avoid losses, you build various money and risk management skills.

Mostly, the appropriate time is at the beginning of a major session, like London or the NY, and it also depends on the time zone in which the trader lives.

I suggest trading with FP Markets, a reliable broker that has been in the forex business for over 15 years and regulated by ASIC. Spreads, commission costs and slippage, are lower than any other ECN brokers out there.

From my trading experience with the Price action strategy, I would say it is a good strategy to use for consistent profit. It is also suitable for experienced and beginners.

I currently trade using the EA, and I find it much more reliable regarding earning profits than Manual, but most traders prefer using the manual because it is easily accessible for beginners and traders that maintain a low balance.

I consider FP Markets as a reliable broker since it is regulated by ASIC and it is one of the oldest brokers to be active since 2005. I've been trading with them for a while so far the experience has been good and no issues like spread widening.

You can use the demo account to build strategies and practice your skills, but you cannot trade in live account the same way you trade in demo because, in live the risk is real and the demo account is to get familiarized with the trading platforms.