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When trading with a real account, don't be greedy. On the other hand, we must wisely use capital and adjust the risk profile in each trading plan. Try to be disciplined by strengthening the psychological aspects of trading.
Often when a breakout occurs the price doesn't immediately go in the direction of the new trend, waiting for a pullback is safer than aggressively opening a position after the breakout, sometimes it's just a false breakout.
In all matters need patience. In forex trading without patience, traders cannot produce good results because waiting for price changes sometimes takes more time to start the movement. Rushing into forex trading will only often drag traders along for longer.
When I was a beginner I also often tried custom indicators which were said to be profitable, but after I tried them they were not as promised, now I prefer to trade simply, using the built-in indicators and reading candlestick patterns and price reactions, not forgetting to read the news updates...
Spreads that widen when high-impact news influences the market can cause low liquidity and cause spreads to widen. To find out real-time spreads we can attach spread indicators for traders' attention.
Intel is a global company, buying at low prices in the hope that prices will rise, but also paying attention to the company's performance, following reports of company growth and investor interest.
I rarely trade shares, I mostly trade forex, but looking at popular shares such as TSLA, AAPL, GOOGL, and AMZN, which in fact are shares of large companies, might be an option for stock trading.
Like other professions, traders need knowledge and skills to be successful. Besides providing the potential for unlimited gains, forex trading provides uncertain market risks and volatility which is a challenge for all traders. Learning forex trading without the intention and enthusiasm to...
Major currency pairs are more recommended for beginners. It is not recommended for beginners to trade exotic pairs because the risk is too high, even experienced traders will think twice about trading exotic pairs such as EURTRY, USDTRY, etc. Exotic pairs are major currency pairs with emerging...
For me, the important thing is to trade comfortably and calmly, following the flow, sometimes I work with scalping, but there are also swing trading positions, the market is not always the same, sometimes today's movement is quite good, but tomorrow it will be sluggish. Be smart in looking for...
ECN brokers usually offer tight spreads with a better trading environment, I have never used this broker, but I have used an ECN broker which has provided satisfactory service for me.
For just testing, we can use a free ECN demo account to try, for example by buying 0.01 lots of gold and also buying 0.01 lots of silver, this strategy seems interesting in the long term.
All three I like and trade frequently. EURUSD and USDJY have good daily averages and low spreads I often trade for short-term strategies, while XAUUSD with high volatility uses more medium-term strategies.
It seems that this indicator is for MT5 because the file written there has the extension ex5, MT4 users may not be able to use this indicator because it is incompatible.
Indeed, many suggest that beginners should choose the EURUSD pair, or USDJPY, because of the volatility and low spread on these pairs. If we can trade one pair consistently with an average profit that is higher than losses, it is already good for making money from forex trading.
Some traders avoid trading when high-impact news is released, the impact can make volatility suddenly increase and it is difficult to predict, rather than take the risk they prefer not to trade and wait for the movement to turn to normal.
One way for investors to balance their portfolio is to diversify their investments into low-risk investment models such as mutual funds and bonds, and high-risk investment options such as stocks and forex.
I think I've heard the name Dark Venus of this free EA on the MQL5 market, at first glance it looks like I've tried it on MT4, but this version for MT5 might be more impressive.