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Yes, and lack of patience. Don't be in a hurry to see profit. Patience is the key

How do you all effectively tackle and navigate market conditions such as economic downturns or geopolitical instability, to reduce risks and capitalize on opportunities during market adversity?

I suggest a volume and price action strategy for scalping. If you're a beginner, I suggest the pin bar one then.

It depends on your style of trading and if you are an experienced or beginner in trading. Most beginners start off with an MT4 because it is simpler to use compared to the MT5, and the MT4 is most suitable for currency trading, whereas the MT5 is an advanced platform that also includes stocks...

I like MT5, but most people still use MT4 because it appears to offer a larger selection of indicators and experts. I hope folks finally go to 5.

The doji, considered one of the most important single candlestick patterns, may provide insight into market emotion. When the starting and closing prices of a stock are the same, a doji is created.

I prefer MT5 since MT5 was developed to facilitate simpler trading in non-Forex CFDs, whereas MT4 was meant to trade Forex. They employ distinct programming languages, and MT5 can do back testing quicker than MT4. Unlike MT4, MT5 supports DOM (depth of market functionality) and is theoretically...

Vault Markets is a licensed and regulated broker based in South Africa that aims to provide you with a better trading experience by allowing you to tailor your account type to your trading style. Less of what you don't need, and more of what you do!

If you are a newbie that has demo account experience and is looking for live trading experience, it is best to start with lower leverage, such as 30:1, to avoid high risk and losses.

The EUR/USD is widely regarded as the most secure currency pair to trade. This is because the Eurozone and the United States have the world's two largest economies, and their currencies are extremely stable.

One of the best and most basic techniques is to swing high and sing softly. Swing highs and swing lows can inform a trader about support and resistance levels, so it is quite advantageous if the trader knows how to recognize them both.

Leverage itself is neither good nor bad. Leverage amplifies the income and productivity positive or negative effects of the assets we invest in. Be aware of the potential effects (both positive and negative) of leverage inherent in your investments and the volatility that comes with it.

I recommend mostly trading with major currency pairs like EURUSD, GBPUSD, JPYUSD, etc. because they are highly liquid and low in volatility.

Beginners should use pairs that are low in liquidity and higher in volatility. I suggest using EURUSD since it is the most used pair by both beginners and experienced traders.

I recommend new traders to trade manuals to learn about the live market trades and not to totally rely on EA because it does not always go based on the market changes; it goes by the parameters that you set once.

Which is the best cryto wallet as of now that is being used by many traders?

Use the EURUSD currency pair since it is the most commonly used pair that has higher chances of profit making with smaller accounts and the risk is also low.

In my view the EURUSD seems like the most tradable pair among many traders because of its volatility and compared to other major pairs the EURUSD is easier to predict with the right strategy and broker.

Which is the best strategy to trade using the price action trading, and is it risky like scalping?

I mostly trade according to the currency pairs time frame. Since I trade with EURUSD currency, the London and New York time frame is the best time for me.