Search results

Gold's price is highly volatile, indeed high volatility market means have potential high gain, however in line with the risk level. Trading on gold in my view should pay attention to the risk level and adjust the stop loss strategy.

What are pocket options? Just now I heard of this term. Is it platform trading like Metatrader?

I have never used cTrader, for broker support, MT5 is mostly used by forex brokers, I think MT5 is a sophisticated platform, for execution speed I think it also depends on the quality of the broker's server too.

Yes, for more complete trading with various trading instruments, MT5 is better than MT4, but for forex traders who mostly trade currencies, MT4 is more widely used. It depends on the trader's needs to choose the preferred platform.

Forex traders must be willing to take risks. In forex trading, no risk and hence no gain, traders must get rid of the fear of loss, as long as they are guided by risk management, losses will be well controlled.

Before Bitcoin had reached $79k, the price is now hovering around $67k, news of Tesla moving Bitcoin worth US$750 million to several different wallet addresses sparked speculation that Tesla was selling some of its Bitcoin.

I don't have the knowledge to learn programming how to make an EA that can run on platforms like MT4, MT5, and so on. But it's quite strange if the algorithm written works outside the context of real-time data in the market, maybe the price data taken is missing or something like that, I don't know.

For new traders who have not yet decided on their choice of broker, they will first consider several aspects including regulations, transaction fees, trading platforms, customer support, and so forth. Traders who are comfortable trading with a preferred broker, prefer to focus on trading to make...

Emotional control really needs to be improved, sometimes traders have a good strategy but without good emotional control, one failure can make them break from the rules of the trading strategy they should be. Emotion control is important for making quality trades.

The price is now around $69k, which is close to $70k and may be reached soon. However, the price is already in the resistance zone, beware of overbought.

Some even say that the psychological factor has a portion of 80% while the remaining 20% is market analysis skills. When the market analysis is good but trading psychology is weak, it will be difficult for him to be disciplined in carrying out trading strategies according to the rules he has made.

Maybe no VPS service provider is truly free unless it is just a scam, but some VPS providers provide free trials within a certain time.

Now the price of Bitcoin has reached $67k, even though the stochastic shows the entry price is overbought, but let's see if it will reach $70k. There is news that Tesla moved most of their Bitcoins to unknown wallets, if that is a sell-off perhaps the price of Bitcoin could fall again.

When choosing a reliable broker, traders will usually look at trader reviews on Trustpilot, brokers with a rating score above 4 are considered good, and below 4 are considered less good. Maybe you will consider brokers like FXOpen, FBS, AvaTrade

I've tried to trade exotic pairs, it worst, the spread is large, and the volatility is so high, that without sufficient capital just leads big loss in a single trade. I prefer major pairs like USDJPY, EURUSD, and GBPUSD, but sometimes trading on Gold despite the high volatility carry own risk.

Unfortunately, I've never used it, if in the end it only ends in losses, maybe it's better to learn to build your own trading system.

Controlling emotions is indeed very essential to make trading quality better, for me usually make a trading plan, and before one plan is finished there will be no other plan until the first plan is finished. This can reduce emotional pressure in my trades.

Backtesting is necessary when trying a new trading system, but backtesting results that use past historical data do not guarantee that they will be the same as the future, only that they can minimize the risk of trading system failure.

Yes, that's right, there is a combination of many MAs with different period settings and colors on each MA. Interestingly, this color combination produces a picture like a rainbow, a change in trend accompanied by the smallest MA crossing the larger MA.

It seems like no one is using this trading bot, maybe it's good, maybe not.