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Yes, using high leverage, such as 1:500, can significantly increase the risk of blowing your trading account, especially when combined with a small account balance. Leverage allows you to control a larger position size with a smaller amount of capital. While this can amplify potential gains, it...
I would say
Focus on High Probability Trades: Look for trading setups with a higher probability of success. This may involve identifying strong trends, significant support/resistance levels, or chart patterns that indicate potential reversals or continuations.
and proper risk management. Let's...
Hey I am so sorry you got scammed. There are so many evil people out there and we just have to learn how to determine what is a scam. I have been scammed too along the years in this journey. I hope more people come forward, but it is just difficult to stop scammers specially when they change...
You could be right, but imagine if everyone was able to trade and be profitable? --- the world would definitely change. Middle class would probably disappear only having rich and poor.
One more thing to keep in mind
Specialize in a Few Instruments or Markets: Rather than trying to trade multiple instruments or markets, focus on a few that you are most comfortable with. Develop a deep understanding of their dynamics, price patterns, and behavior. Specializing allows you to...
hello ... Here are the key differences
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are both popular trading platforms developed by MetaQuotes Software. While they share similarities, there are several key differences between the two:
Programming Language: MT4 uses MQL4 (MetaQuotes Language 4)...
Hey Friend -- There is a great volume indicator with support and resistance levels that's in the Mql5 website. Only thing that it is a paid indicator. I don't use it personally but I do have a friend that uses it and really likes it. Here's the link in case you would like to check it out...
I am not sure if you guys found what you were looking for but I noticed another thread that has the system posted https://www.forexforum.co/threads/the-v-power-day-trading-system-free-download-scam-or-legit.14309/page-2. I also posted a link to the instructions on how to use the system. The...