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Forex robots, also known as EAs (Expert Advisers) are computer programs that analyze the Forex market and automatically execute trades on behalf of the user. Even though Forex robots have many benefits, they also have some disadvantages. Here are some pros and cons: Pros: Automated trading...

Following are the points you can consider for the majority of traders to lose money: Forex traders can lose money if they aren't patient and do trading too aggressively, especially When a price moves in the opposite direction to the market. When you are new in trading, Your main priority...

The forex market operates during the typical business hours of four different time zones worldwide. If you want to do trading in the U.S./London time zone, you can trade from 8 a.m. to noon EST because the market overlap, so it will have the heaviest volume of trading so that it will be the...

Manual trading does not depend on computers and algorithms; it requires human decision-making for entering and leaving trades. Automated trading allows traders to create rules for trade entry and exits that may be implemented automatically by a computer once they've been programmed. Both...

If you want to learn how to trade forex, you should normally start with the basics. Many tutorials, videos, online courses, e-books, and articles are also available. However, You can create a forex demo account and do your practice trading with it. It will help you gain confidence in trading...

If you are new to forex trading, you should not try to use an EA first, as the markets constantly change, making the EA ineffective. Almost all EAs need a purchase initially, followed by hosting to keep it running 24/7. As a result, you spend a lot of money without understanding what you get...

cTrader is a Forex trading platform designed specifically for use with ECN (Electronic Communication Network) brokers, and it has been adopted by several ECN brokers, including Pepperstone, an Australia-based market leader. Users can use cTrader for two things: 1) order execution and 2)...

There is no one-size-fits-all answer to the question of how long it takes to become a professional Forex trader. It is determined by your natural ability as well as the choices you make along the way. The best piece of advice I can give you is to enjoy the journey every step of the way. Make the...

Yes, I meant trades and thanks for pinpointing it. :)

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Most beginners or inexperienced traders mainly focus on one thread because it is very risky to open a second thread and keep the focus on both threads. In addition, there is a slight chance of missing out on the changes in the charts. But if you have experience in trading or are in trading for a...

Trading psychology is a broad term that encompasses all of the emotions and feelings that a typical trader will experience while trading. Some of these emotions are beneficial and should be encouraged, while others, such as fear, greed, nervousness, and anxiety, should be avoided. Trading...

VPS is required for a variety of bots. These bots would include everything from RSI tools to price viewing tools. Many bots will come with several options for using a VPS or not; it is entirely up to you. There are, however, some bots on the market that do not require VPS systems. Because most...

Below are basic terms you will often hear within the FX trading industry: Pip Bid Ask Spread Base Quote Leverage Stop Loss Take Profit Fundamental Analysis Technical Analysis Major Pairs (or Majors) Minor Pairs (or Minors) Cross Currency Pairs (or Crosses) Bear Market Bull Market...

With an estimated average global daily turnover of more than US$6.5 trillion — up from $5 trillion just a few years ago — the forex market is by far the largest and most liquid financial market in the world. The forex market is open 24 hours a day, five days a week for banks, businesses...

Tips for Forex Trading Beginners Know the Markets. We cannot overstate the importance of educating ourselves on the forex market. Make a Plan and Stick to It. Practice. Forecast the “Weather Conditions” of the Market. Know Your Limits. Know Where to Stop Along the Way. Check Your Emotions...

To summarise the entire beginner's phase of beginning to trade Forex, we need to look at exactly ten major steps that a beginner must take. Understanding the fundamentals (currency pairs) Understand the software (MT4, MT5) Demo accounts can be used to learn. Find a dependable service provider...

Individual actions that traders can take to protect themselves against the downside of trade are referred to as forex risk management. More risk means a greater chance of large returns – but also a greater chance of large losses. As a result, being able to manage risk levels to minimize loss...

An intraday trader can expect to make 20-60 trades per month, while a swing trader can expect to make 4-15 trades per month. If you combine trading styles, such as intraday and swing trading, you can expect to achieve a figure that allows for that.

As per my opinion, those who choose to scalp frequently use extreme leverage, typically between 1:1000 and 1:3000, opening low spread trades on pairs and setting small pip targets to compensate for the high exposure level.