Recent content by Lene Hutmacher

It's advised to only look for divergences on 1-hour charts or longer. Other traders use 15-minute charts or even faster. On those time frames, there’s just too much noise so just stay away. What do you think about this rule?

Flag patterns are a continuation pattern and my personal favourite. Reason being, if price is forming regular neat flag patterns and you are trading that instrument, then you are likely seeing good returns to your account. theoretically each flag offers an opportunity to compound. A flag...

I traded ripple with FP Markets and I liked it. You don't need a crypto wallet. For bitcoin they have multiple combinations such as Bitcoin to USD and AUD, or even BTC to ETH. Not bad at all. The only minus is that they don't allow crypto trading over the weekend.

The best trading hours are the times when volume and volatility levels are highest. Of the 4 sessions (London, NYC, Sydney, Tokyo), the best ones to trade are the London session and NYC session. The rule of thumb regarding days of the week is that the middle days (Tuesday, Wednesday, Thursday)...

Forex trading is all about eliminating the losing trades and achieving more winning ones. Is a process of trial and error. To have a chance at becoming successful, you have to get out and try every strategy. Experiment, change and improve before you choose the one strategy that suits you the best.

The CBOE Volatility Index (VIX) is a market index used to measure the general volatility of the stock market as implied by the S&P 500 Index Options over time. The VIX is a great tool to determine the overall market sentiment and can be used as a tradable instrument.

Did anyone rent a VPS from Metaquotes? https://www.mql5.com/en/vps It's very cheap, only $10 per month, but is it worth it or waste of money?

The platforms look nearly identical! MT5 was designed to be able to trade markets other than Forex, such as stocks and commodities, essentially because it is better able to plug into a centralized trading exchange. Other advantages: MT5 permits both hedging and netting; MT5 is faster and more...

cTrader is a great platform, and it has unique features, like smart stop out. You can double the trades in one click, or you can close all trades at once. The execution is faster than MT4, platform is less glitchy. Lots of free indicators. Even the platform itself looks more luxurious so to say.

MT4 and MT5 are relatively heavy software and consumes a large amount of RAM. Depends on your device’s capacity, the platforms can freeze your device’s whole operations or may cause delays in running applications. It might also be an incompatible or heavy indicator or robot. Remove those and...

I used to trade with FP Markets. They're a decent broker never had issues with withdrawals. Didn't try IC yet because I saw so many bad reviews about them. Reputation is everything when it comes to forex brokers.