Forex trading example for beginners – example 2 understand
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Hi, I want to dive into scalping? What’s the lowest time frame I can get into for charts? what platforms are the best for scalping? I’m a us resident, I looked into ecn and stp? Also is td ameritrade a ecn or an stp? I’m starting small so I want a platform that has low spreads with 0 to very low commission, and has good place orders for scalping, thanks
Hey all! New to forex, have a question about risk management.
So I’m on track to double my paper account from 5k into 10k in less than 2 months. I am taking maybe slightly larger positions than I should, but nothing too extreme. My strategy is picking pivots, gauging the momentum, using top down to pick potential pivots, place a tight stop on one side, and then just letting the profits run as long as possible using 4h chart and placing stops as it continues to run. I have found this to have a low success rate but because of the profit to loss ratio being in the ballpark of 5:1 or more sometimes that I only have to win 20% of my trades. When In reality I’m doing far better than that. Getting close to 50% win rate. Maybe something like 30-40%. My question is, is 2 moNths doubling a paper account enough back testing to start with real money? Or is this too risky? Should I double it a second time before I risk the real dough?
Hello all, I have recently started trading with a low amount of just 100$ in a leverage of 1/1000...Im only going for EuUsd and so far im up to 170$ in two days. Can anyone help or give a top how i should go on? Thanks in advance.
How many day trades can you execute? I been trading stock but I’m only to 3 day trade and sick of tired of daily swing trades.. is there a limit or none? I’m new to forex, any information is appreciated and thanks in advance
Hi there redditors! I've been gathering information to start investinf in forex. I think the question that crosses my mind the most is how much is needed to start(im starting on college this year) and how stressfull it is? Any tip or advice would be good to.
New to forex , why did EURUSD and GBPUSD jump up so bad ? Plus are my support and resistant levels in a good place? Do the market’s regularly jump Obove and below support and resistant levels (1hr chart)
I’m 17 and I am looking to get into day trading. I have heard that trading 212 is a good start especially with low commissions. I want to just use forex as a little extra money, rather than making a career out of it. After doing some basic research I found out that is it useful to have strategies. I have heard that divergence is a good strategy but I have no idea what that means or how it works. If anyone could give me any good strategies or ways to get into this. Thanks!
So my dad has joined this “‘mentality” group. It’s related to FOREX investments, anyone can help me out?
He’s been acting weird and secretive lately about these ZOOM meetings that he is attending; he locks himself in a room and nobody can disturb him no matter what. I checked his computer while he was away and I found that what he has joined is something called “Freedom Alquimia: mentality and Forex”. It’s all in Spanish (we’re in Spain and are Spanish). From what he has told me the people there are making 5K a month just by trading very little and he wants that. I know that’s already fishy, but he says that he hasn’t put any money at all. So.... I’m confused. His behavior has been changing since he started this and he claims that my mum is “sabotaging” his success; and I’m just scared they’re brainwashing him or something. Maybe it’s legit but... I need to confirm somehow and google didn’t help at all.. Thank you everyone!!!
Anyone have a suggestion? I want to keep my charts in time scales and not tick, but I would like a study at the bottom or indicator showing me the cumulative ticks for a given time period. Any ideas? Like a volume of sorts, although I know forex doesn’t have a true volume, there is a tick count.
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Divergence Indicator with Buy & Sell Signals for ThinkorSwim
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