Clearly defining your risk management criteria is one of the most crucial measures you can take to expand a modest trading account. Without risk management, there is a great probability that you'll blow your money, whether it's a tiny or huge trading account. Since risk is the only variable that...
One reason is that the US dollar is getting stronger, and another is that some gold investors are selling their holdings to pay margin calls because equity and index positions are decreasing.
It is always a good idea to read broker reviews before trading with them, and to start with a demo account to learn about the trading conditions.
I suggest trying FP Markets because I've been trading with them for two years without any issues, and the customer service is polite and quick in...
I trade using GBPUSD since they are one of the most liquid currency pairs in forex, the narrow bid-ask spreads, volume and volatility are all suitable even for beginners.
Three points to remember before going live: If you are not good or confident enough in demo trading, do not venture into live trading.
Learn about Forex and what moves the markets. All major Forex brokers have an education section with lots of resources you can use to learn about Forex and the...
The forex market runs on the normal business hours of four different parts of the world and their respective time zones. Since I trade with EURUSD mostly, I prefer the London and New York time zones.
The futures of gold ended lower since the group of seven is preparing to ban goods of the yellow metal from Russia.
Gold futures for delivery in August fell 0.3% to settle at $1,824.80 per ounce after it touched an intraday high of $1,842.80.
I'm a scalper and have been trading for years. It took me several months to make consistent profits because forex contains a huge amount of knowledge about the market economy and it is also the largest market in the world.
I blew several accounts before making some decent profit and had to...
I prefer trading with major pairs since they are highly liquid and easier to predict with good strategies and brokers. I mostly use the EURSUD or GBPUSD for live trading.
I prefer trading with the MT4 platform because of its user-friendly features and the MT4 is suitable for forex trading, and it is not as complicated as the other platforms.
The best pairs I personally prefer are the major currency pairs like EURUSD or JPYUSD because their spreads are mostly lower, and the market is low in volatility compared to other currency pairs.
I agree that FP Markets is actually a better broker compared to MTI. The commission costs per lot per round is lower, and the spreads when trading with major pairs tend to begin at 0.0 pips for most parts of the day.
ICM is the worst broker I have ever traded with, their customer service is bad, and withdrawals always have some issues.
Moving to FP Markets made trading much better, their withdrawals were quick and prompt replies from their customer service.
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