Search results

I used FAP turbo for Hotforex and it yielded some good returns I guess it may be useful for prop trading too

Well it experienced significant up and down movements so I can't say that it has been staying overvalued. US uses its currency too to achieve better trade conditions for its export or importing depending on current needs, I think every country follows this suit. Currency devaluation is a kind of...

What is your trading approach? Do you use support-resistance, naked action or indicators?

All that you mentioned is important. Basically it all comes with experience and gaining it requires time and ability to analyze both great trades and your mistakes.

This strategy is widely recognized and thoroughly tested, revealing that using standard parameters doesn't provide a distinct advantage. It might be worthwhile to explore alternative approaches, such as selecting a different window for averages or opting for Exponential Moving Averages (EMA)...

Effective indicators in forex trading include Moving Averages for trend identification, RSI for overbought/oversold signals, and Bollinger Bands for volatility assessment. Combining these tools with a comprehensive strategy enhances decision-making in the dynamic forex market.

The timeframe matters in trading because it determines the duration of each price candle or bar, impacting the level of detail in price movements. Shorter timeframes, like minutes, provide more granular information suitable for day trading, while longer timeframes, like daily or weekly, offer a...

I think because it is really easy to implement. I use it too, but with caution.

Tried some of your signals with Hotforex works really great especially when you have cheap low-spread trading access. Btw do you have any tg channel?

You're absolutely right! Selecting the right forex broker is a crucial step in your trading journey. Regulatory compliance, trading platforms, spreads, and fees are indeed key factors to consider. Research and due diligence can help you find a reputable broker and lay the foundation for a more...

For me it's great. Can you share more on your case?

This question is quite broad, much like asking, "How do I find a job?" To effectively address your specific query, you'll need to take specific steps, encounter challenges, and seek solutions through online forums or other resources along the way.

Never heard about it. Is it price action strategy or based on technical patterns?

You may try to use some public EA's based on some basic principles like MACD, RSI and ATR and gradually improve them by playing with EA parameters or even adding additional indicators that will reduce number of signals and increase their accuracy.

You don't need to control your emotions in a trade when you know your profit and stop loss target. Rule-based trading exempts you from unneeded actions like monitoring price for exits.

What instrument this EA is specified for? Also is it possible to adapt it for MT5, I use one from Hotforex and really don't want to switch back to MT4.

Individuals who benefited from the mentioned market surges can be better described as speculators rather than traders. The issue at hand is that, even though some achieved significant profits by riding the wave successfully, the ratio of winners to participants is exceedingly low, as is typical...

I don't think it somehow affects it. Instead, trade outcomes like loss or profit can push you out of emotional balance, but this is solved by trading plan.

Why should somebody share with you a system that makes money? Can you send me $500? Let's grow together ;)

If loss is consistent then you have to revise your strategy, make improvements or try other ideas. Make sure you determined criteria of a losing trading system so you don't waste time or money on something that is potentially useless. Also focus on the process itself rather than profit because...