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GBPUSD extends its winning streak this week. Yesterday GBPUSD drew a bullish candlestick continuing the previous bullish trend. Price formed a high of 1.31186, a low of 1.30101, and closed at 1.30830. The market seems increasingly confident that the Fed will cut interest rates in September...

What's this? is this a trading robot that runs automatically, I don't get any information in Winrar.

When compared to martingale, averaging is lower risk, it only uses the same position size as before, and traders are consistent, for example with 0.1 lot at each averaging step. In contrast to martingale, this is riskier because the trader increases the position size at each martingale step, for...

I've never known how to copy trades from MT5 to cTrader, the programming of the two may be different, even the EA for MT4 when used for MT5 must be converted first. MT5 and cTrader have different developers so that the two can be compatible, the developer may have to develop an API as a bridge...

Using a demo account to learn to use a trading platform can be a first step for a newbie, but learning the basics of forex can provide insight as a foundation for diving into the challenging world of forex. You can learn a trading strategy and apply it in a demo account without any risk of...

Now Bitcoin is down trading at around $57k on August 16, 2024, still far from $70k. This month BTCUSD has had more declines.

I think psychology is the problem that hinders the quality of trading the most, this is related to trading discipline, the average trader fails to control emotions such as greed, dissatisfaction, and lack of discipline. Even though you have a good strategy without discipline you can fail.

According to the FedWatch tool, investor confidence in the Fed cutting interest rates fell to 62.5% from previously above 80%, but previously the Fed was likely to cut interest rates in September at least once this year.

The trending market is unique, it is like a girlfriend, you want to follow him but sometimes get annoyed, and traders must be patient to follow the trend. Traders can't blame the trend market when moved against the position, you know the market always be right.

I've never registered a prop firm, but seeing the concept of offering larger trading capital funding, but the screening of candidate traders is strict, it seems very difficult so not all traders fit the criteria.

Thanks for sharing, but I was wondering about this indicator for scalping, but the recommendation is the H4 timeframe, I most like using low timeframes for scalping like M15 or M5, using Tf H4 only to analyze market trends.

I doubt the trading performance of 99% winning trades, even though it works as an automated trading bot. The market is very dynamic and trading bots cannot predict the future, without strict risk management and money management, trading bots could cause account margin calls.

Ready to join in investing, ready to take the risks, that's the first thing I prepare for investing. I use forex trading as a means of learning to manage funds at high risk, focusing on profits without paying attention to risk sometimes leads to despair when it fails.

I don't use simulators now, but sometimes I go to use a demo account for a strategy tester

I don't know what this indicator does, but it seems that looking at the file size above 4mb, this indicator is quite complex and maybe not suitable for low-end computers, maybe causing MT4 to be slow in responding

Trading gold is indeed best to use larger capital because gold volatility is high, this can provide high returns commensurate with the risk, as much as possible avoid excessive fluctuations, when it reaches one round of movement it is better to cut profits, because high volatility allows trend...

I've never used the ADR indicator. I don't know at all whether this ADR indicator is a volume indicator or not. I think all indicators have weaknesses, to cover them by implementing stop losses as part of risk management.

Big losses are usually traders being greedy or not using proper risk management. To minimize losses due to margin calls, it may be best to trade with a trading plan that includes position size, risk tolerance and profit targets built by market entry and exit according to the trading system.

I trade mostly in major pairs and metals, the reason I choose major pairs is because the spread is typically lower and the average daily price movement is quite high, so it is suitable for scalping or intraday trading, whereas in metal commodities because volatility is high, this is quite...

The RBA's decision to maintain high interest rates at 4.35% may be because inflation is still high above the inflation target, but I see the impact on AUD is not big enough, but may be supportive in the long term.