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I guess it is MT4 and maybe MT5 because they are very fast and have full-fledged backtesting tools. Also most fx brokers support it that's why I don't see reason to look for something else

Yeat it is important to find or define and trading edge, backtest it on historical prices to see if you really can beat the market and only then you can start on live account and work on your trading mindset

For me MT5 is better because it is faster and also there is python library which helps me to code custom EAs and trade with HFM

Which strategy do you use? Can you explain in more details, so we can also learn from you and try on demo. Which broker do you use btw?

how to set up it if I use MT5 from HFM? Should I use some guide from tradingview?

For starters I would recommend to try HFM, Tickmill or Exness, they look very reliable and have many positive reviews on trustpilot etc

Read about which major economic releases exist (inflation reports, employment reports, factory and services sector activity reports, consumption reports, like retail sales, consumer confidence, etc.) central bank meetings, government changes in fiscal policy, etc. their interplay and how they...

I run my EA on beeksFx which is tailor made for fx needs it's available for free on my HFM platform, the only requirement is trade turnover which I easily complete since I'm scalper

Looks promising, how can I try it on my HFM practice account first?

Is it possible to try this tool on demo first? Btw I use MT5 from HFM, is it ok for this EA?

What's your favorite supply and demand tools please share so we can try it together. I use Autochartist with HFM, it comes free so newbies can also try it. Can anybody suggest something similar to try?

Trading psychology and discipline are crucial because even the best strategies can fail without the right mindset. It’s about managing emotions like fear and greed, which can lead to impulsive decisions and deviating from your trading plan. Staying disciplined means sticking to your rules for...

A trading plan for consistent trading should include clear guidelines for entry and exit strategies, risk management, and market analysis. Start by defining your trading goals and preferred strategies, such as trend-following or range trading. For example I use 1% risk per trade using 1:100...

Changes in the unemployment rate can significantly impact currency prices in the forex market. A higher unemployment rate often signals a weakening economy, which may lead to lower consumer spending and slower growth, putting downward pressure on a country's currency. Conversely, a lower...

I guess both, income from FX isn't sustainable if you are not pro, I spent three hours trading with HFM, rest is for the office job that makes part of stable income

I think Gold will soon reach 3K milestone that's why I keep small long position (0.05) lot with HFM, hope to make some money off it

Supply and demand refer to the fundamental forces in a market that dictate price movement. Supply is the amount of an asset available, while demand represents the desire to purchase that asset. When demand exceeds supply, prices rise, and when supply exceeds demand, prices fall. Support and...

Forums is a good source of trading knowledge and education stuff. I would also suggest to try brokers webinars with professional speakers, like those offered by HFM or Exness. They give lots of useful tips

I used MT4 for a very long time and never had any issues with it, recently I've upgraded to MT5 from HFM and don't regret it has many new features including economic calendar and python library for coding.

Supply and demand in trading refer to the fundamental economic forces that drive price movements. Supply is the amount of a particular asset available in the market, while demand is the desire and ability of buyers to purchase it. When demand exceeds supply, prices rise, and when supply exceeds...