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Forex is more volatile due to high liquidity and 24-hour trading. However, commodities can move thousands of pips due to supply-demand shifts, geopolitical events, and economic reports. Leverage and contract specifications also make commodity price movements appear larger in pip terms.

Trend lines are lines drawn on a chart to highlight the general direction of price movements in financial markets. An uptrend line connects higher lows, indicating rising prices, while a downtrend line connects lower highs, signaling declining prices. They're used in technical analysis for...

To use indicators successfully, combine them for confirmation (RSI for momentum, MA for trends). Match indicators to your strategy: short time frames (1-5 minutes) for scalping, medium (1 hour) for swing trading, and long (daily) for position trading. Always backtest and adapt strategies to...

Beginners in trading often face pitfalls like overleveraging, emotional trading, and lack of a plan. To succeed, focus on education, set realistic goals, and manage risks effectively. Use a demo account to test strategies, stay disciplined, and trade with a regulated broker for a secure and...

Most traders lose money due to lack of knowledge, poor risk management, and emotional decision-making. Overleveraging, impulsive trading, and unrealistic expectations compound losses. Many neglect proper strategies, fail to adapt to market changes, or trade without discipline. Consistent...

I agree that starting with a demo account is crucial for learning and gaining experience without risking real money. It allows traders to test strategies, develop skills, and control emotions before transitioning to a real account. Trading with real money too soon without sufficient practice can...

Placing a stop order should be strategic, not arbitrary. Consider what factors made you enter the trade and what would invalidate it. Using recent swing points for your stop can help, but make sure the stop fits your risk management plan. Avoid "crazy Ivan" stops by waiting for market moves to...

Using too many indicators can overwhelm your analysis and lead to confusion. It's better to focus on a few key indicators that align with your strategy and trading style. This simplifies decision-making and enhances clarity, improving your chances of success without unnecessary complexity.

The differences between trading systems or brokers depend on factors such as spreads, leverage, fees, and trade execution speed. High leverage provides the potential for significant gains but comes with increased risk, while tighter spreads reduce trading costs, making them suitable for scalping...

Technical indicators like RSI help identify overbought or oversold conditions, while moving averages show trends and potential reversals. Candlestick patterns reveal market sentiment and entry/exit opportunities. Combining these tools can improve decision-making by confirming trends, managing...

This system is based on swing trading with non-repainting indicators and simple rules. It works across M30, H1, and H4 timeframes, boasting an 85% win rate with a 1:3 risk-reward ratio. It is compatible with any tool in MT4 and exclusively designed to work within the MT4 platform.

The forex forecast for the week of October 26-30, 2020, suggests a mixed outlook due to uncertainty from COVID-19 and the U.S. election. The EUR/USD may rise to 1.1900, GBP/USD shows short-term growth but could decline long-term, while USD/JPY may remain volatile, with cryptocurrencies like...

For beginners, it's best to start with major currency pairs like EUR/USD, GBP/USD, and USD/JPY, as they are more liquid and have lower spreads. As for the timeframe, using a 1-hour or 4-hour chart is ideal for beginners, as it provides a balance between quick insights and more stable trends.

Your strategy of exploiting correlated pairs' divergence is interesting and feasible. For point 2, a divergence strength indicator could be created by measuring the distance between the pairs and normalizing it to a scale (e.g., 0-100). The position size calculation can use the correlation...

For Boom and Crash indices, it's important to use indicators that match their unique volatility and market patterns. Popular choices include the RSI (Relative Strength Index), Moving Averages, and Stochastic Oscillator. Combine them with risk management strategies and backtest to find what works...

There’s no one "best" trading strategy; success depends on market conditions and individual goals. Popular strategies include trend following, value investing, momentum trading, and scalping. Effective risk management and continuous strategy adjustment are key. Research, backtesting, and paper...

Success in forex comes from thousands of hours spent studying charts and refining strategies. There are no shortcuts—failure is part of the journey. Each mistake teaches valuable lessons that lead to growth. Embrace failure, keep learning, and stay persistent. Your best strategy emerges through...

In my experience, trying to double capital quickly leads to high-risk trading and losses. I focus on disciplined, patient growth with risk management and continuous learning. Though it takes longer to see significant gains, this approach minimizes unnecessary risks and helps build wealth...

Trading around major news releases can be volatile but profitable. Some traders avoid it due to risk, while others capitalize on the volatility with strategies like news breakouts or using economic calendars to anticipate market reactions. It's crucial to manage risk and stick to a...

As a beginner in forex, start by learning the basics—understand currency pairs, pips, spreads, and leverage. Study technical and fundamental analysis, and use demo accounts to practice. Develop a trading plan, focus on risk management, and gradually build experience. Consistent learning and...