Search results

How can High Frequency Trading (HFT) result in major market moves?

For consistent profits one should be ready to take risks and understand on what amount risk can be taken to balance the profits and loss.

Swing trading is a common trading method that entails attempting to benefit quickly from short-term market changes. While some swing traders start positions and hold them for a few days, others may keep them for several weeks.

The better choice of platform for a beginner is the MT4 because the user interface is easy to interact with, and the MT5, being the most advanced version, can get complicated.

I trade with EUR/USD, so I prefer trading between 8:00 a.m. and 12:00 p.m. GMT during opening hours until GMT noon. The optimum time to trade is when the US trading session overlaps with the London session, which is usually between 12:00 PM and 4:00 PM GMT.

As a beginner, I used to analyze price action and hunt for double tops or bottoms on the hourly time frame. and had some limited success in doing so.

Begin by scalping the EURUSD pair on lower timeframes until you have a larger account, then transition to day trading and work your way up to analyzing up to several pairs at once.

As a scalper, the best choice of platform for me is MT4, since their trading conditions are suitable with simple tools, and most currency traders prefer MT4 over any other platform.

It is possible to achieve a profit in price action, but it is a bit complicated since experienced traders usually look for a simple breakout from the session's high, enter into a long position, and use strict money management strategies to generate a profit.

For beginners, I suggest using currency pairs that are high in liquidity and low in volatility, which can result in tight spreads. The best examples of pairs are EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/GBP,...

I suggest choosing a broker based on regulations and reviews from other traders as well. It is also good to do your own research and trade with their demo account accounts to know in depth about their platforms.

Older brokers are reliable because most new brokers are either scammers. I suggest using older brokers that are regulated, like ICM or FP Markets, that have been active since 2005 with regulations from ASIC and CYSEC.

A good broker is required for sclaping, and I recommend CMC Markets or FP Markets since their trading conditions are good. I use FP Markets mainly for its commission costs, which is $3 per lot, and compared to other eCN brokers, it is lower. The spreads are also stable, even during volatile...

Low spreads and commission costs are good for scalping, which is why many traders trade with ecn brokers that have tighter spreads. Without low spreads making profits is difficult, and low spreads indicate low volatility with high liquidity.

Newbies should actually avoid using EA because an EA would not help a newbie to learn on how to build strategies or money management skills.

Why do many experienced traders advise beginners to make consistent profit in demo trading before entering into live trading?

I currently trade with FP Markets using forex and looking to start indices as well and want to know if anyone has used them to trade Indices and is it suitable?

Yes, I agree with the statement that old brokers are much better compared to new brokers. Not saying that new brokers are bad, but old brokers have a better reputation and reliability.

From the brokers I have traded in the past, I can recommend trading with either Etoro or FP Markets because they are regulated and adhere to strict capital requirements. They also offer some of the tightest spreads and commission cost compared to other ecn brokers.

The demo account is used to obtain the live trading experience without involving any real capital or risks. The Live account is all about taking risks and trying to double the invested capital.