Search results

Swing trading is a popular trading strategy that involves trying to profit rapidly from short-term market movements. While some swing traders initiate and maintain positions for a few days, others may hold them for several weeks.

Though MT4 is a simple broker to trade, MT5 is more advanced, quicker, and more efficient than MT4, but it does not replace the prior platform because it is unique and provides more than MT4. MT5 allows you to trade more instruments in nearly all financial markets, including forex, equities...

It is preferable to start with a lesser leverage, like 30:1, if you are a beginner with demo account experience who is searching for live trading experience, to prevent large risk and losses.

I'd say EUR/USD. I find this pair to be especially worthwhile because of its liquidity and tight spreads. However, the best pair to alternate depends on the individual trader's objectives, risk tolerance, and buying and selling style.

The best time to trade mostly depends on the currency pair. If you are looking to know when the forex market opens, the U.S./London market overlap (8 a.m. to noon EST) has the heaviest volume of trading and is best for trading opportunities.

In my experience, I can say the EURUSD currency pair is safer to trade even when trading with smaller accounts. The EURUSD pair has lower spreads and volatility.

It is better to keep you emotions in control when trading live because of lose emotions can blow your accounts. If you can't control your emotions, its best to find a good EA.

In my view, a good broker should have good customer service, spreads and smooth withdrawals without any major issues, and the only broker that I came across that suits those criteria are FP Markets.

Starting low is good if your a beginner because it minimizes the chances of risks and losses, but instead of trading with mini accounts that do not provide much profit, it would be better to trade with brokers like FP Markets that have micro-lots (0.1) and higher profits than mini accounts.

I choose Tuesdays, Wednesday and Thursday as the best days to trade USD due to its higher volatility. I avoid trading on Fridays because I find that it becomes unpredictable on Fridays.

I currently trade using Swing trading strategy but looking for another new strategy for GBPUSD. Anyone with a profitable strategy recommendation to share?

I trade with EURUSD currency pair, and from my personal experience with this pair, it has been good so far because of its spreads that are tight and highly volatile.

I personally recommend trading with FP Markets because they offer some of the lowest commission costs and spreads. Their customer service is also quick in replying and solving issues.

The difference between demo and real trading is the experience, emotions and risks involved. Demo trading is a tool used to learn about live trading activity; there are no emotions or risks involved. Real trading can affect your emotions based on your loss and profit. The risk involved is...

The RSI strategy is used to indicate temporarily overbought or sold conditions in the market, and it is a profitable strategy that most intraday traders prefer to use.

I currently trade with a reliable broker FP Markets, it ASIC regulated, and it is one of the oldest brokers to still be active in forex business since 2005. The other reason why I trust FP Markets is that customer support is responsive and polite in solving queries.

Forex trading is a risky trading business to earn a profit, and it is also one of the highest profitable businesses. By investing in the forex market, traders can make good money. Any trader with forex knowledge that can minimize the loss can earn profit in most trades and by using a reliable...

From my experience of dealing with multiple brokers, I recommend FP Markets. Their Raw Spreads account has some of the tightest spreads with EURUSD averaging 0.0 pips. It is reliable because of its ASIC and CYSEC regulation, and it has been active for over a decade.

I was a previous trader with IC Markets but recently moved to another ASIC broker due to bad customer support and worsening trading conditions. I currently trade with FP markets. Their commission is lower than ICM, and they both provide the same leverage. But factors like spreads, execution...

FP Markets is a good choice, I have been trading with them for a while now, their spreads are some of the tightest out there (at least in the major pairs- Averages 0 for most part of the day in EURUSD) If you choose their Raw Spreads account, the commission charged per lot is 6$ per round lot...