Recent content by Rudolph

Any YouTube channel recommendations to learn forex in order?

Yes, and trading without an exit strategy. Overlooked by most newbies

Both metatrader platforms are used by many traders; though the MT4 is an older version, many still prefer it for currency trading, and the MT5, being an updated version with more tools and supporting other trading methods, makes it useful for experienced traders.

What kind of brokers are market makers, and why do most traders avoid them?

I suggest trying the breakout strategy since it is the most straightforward forex trading style suitable for beginners. The breakout strategy mostly represents the start of increased market volatility. The strategy waits for a break in the price level to use volatility as an advantage by adding...

The MT4 is a simple trading platform that mostly supports forex and CFD trading, whereas the MT5 is a bit complicated platform. It supports not only forex or CFD; you can also trade futures, options, stocks and bonds as well.

It's okay to lose a certain amount of money that is not too high and which can be earned back in few trades.

The best way to be by checking your journal and see what are the mistakes you have made and during the next trade check the amount of capital invested and the risk involved on how much you will lose if you lose based on the times you enter the live market.

There are good brokers, but just to find them some have to burn a few accounts. I trade with multiple brokers, and FP Markets is my favorite; it has a slight edge in Spreads in most major pairs compared to my other brokers.

There are brokers that offer indices, but to my knowledge, the only reliable broker I can think of is FP Markets. They offer indices trading through both MT4 and MT5.

I like the EURUSD currency pair because it is highly volatile, and my broker FP Markets spreads are lower when trading with EURUSD than any other pairs.

For me, It's the Moving average indicator because it's a trend indicator, and it shows the average value of a price chosen over a period of time.

I suggest trading with FP Markets. I trade using their Raw ecn pricing account. They have a robust trading condition that offers some of the lowest spreads starting at 0.0 pips in both minor and major currency pairs.

From my experience with both demo and real trading, I find that the demo account is mostly used as a tool to learn about live trading that does not involve actual risk and money involved. And the Real account is about trading with strategy, and the risk involved is real.

My favourite broker for scalping is FP Markets because they have some of the tight spreads and it has one of the lowest commission costs to offer when compared to other ECN brokers.