Before using the EA, get a free trial Prop Firm account to see how it will perform.
results:
https://www.myfxbook.com/strategies/fundedea-quantum-september-2024/364201
https://www.myfxbook.com/strategies/fundedea-quantum-august-2024/364203
Timeframe: 15 MIN
I recommend you adjust in this EA is to choose the lot size setting as you prefer. Select True for your desired risk management setting: either Select_Risk_Setting, Select_Percent_Setting, or Select_Fix_initial_lot (choose only one to be True). Once you’ve selected True, choose...
USD/CAD Nears Two-Month Highs at 1.3850 as Traders Turn Cautious Before US Election
The USD/CAD pair holds steady with two consecutive days of gains, trading around 1.3850 in Friday’s Asian session. This level sits close to Thursday’s two-month high of 1.3868. The US Dollar’s strength underpins...
1. Technical Analysis
Use tools like moving averages (MA), relative strength index (RSI), and Fibonacci retracements to identify trends, price levels, and potential reversal points in the XAU/USD pair.
2. Trend Following
Follow the long-term trend by identifying upward or downward momentum...
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Selecting the ideal forex broker is a crucial step for any aspiring trader. Your broker acts as the bridge between you and the global currency market, influencing your trading experience in numerous ways. Let's delve into key factors to consider when choosing a forex broker:
Regulation and...
The USD/JPY pair has been trending lower recently, raising questions about the underlying forces driving this movement. Is it primarily due to weakness in the Japanese Yen (JPY), or a broader strengthening of the US Dollar (USD)?
Factors Affecting JPY:
Monetary Policy Divergence: The Bank of...
Forex, the exciting world of currency exchange, thrives on volatility. But with great opportunity comes great risk, and leverage is a prime example. Let's delve into the world of leverage and see how it can be a powerful tool or a treacherous pitfall.
Understanding Leverage:
Imagine you have...
Choosing the right forex trading platform is like selecting your weapon of choice in the fast-paced world of currency exchange. Two titans stand out: MetaTrader 4 (MT4) and cTrader. But which one reigns supreme for your trading needs?
The Veteran: MetaTrader 4 (MT4)
Industry Standard: MT4...
As a professional in the forex trading space, I'm constantly on the lookout for resources that empower aspiring traders. Recently, I stumbled upon Forex PropFirms and found it to be a well-organized platform for navigating the prop firm landscape.
Here's what piqued my interest:
In-Depth...
The allure of a funded forex account is undeniable. Prop firms offer the chance to trade with a significant amount of capital, potentially propelling your career forward. But before you jump in, consider this: prop firm challenges are notoriously difficult.
Are You Up for the Challenge...
Let's talk about patience. In the fast-paced world of forex, it's easy to get caught up in the chase for quick profits. But the truth is, mastering patience is a crucial skill for achieving consistent success in this market.
Why Patience Matters:
Waiting for the Right Setup: The market doesn't...
Traders often focus heavily on technical analysis and chart patterns, but the mental game plays an equally important role in achieving consistent success. Here are a few psychological aspects to consider:
Discipline is Key: Sticking to your trading plan and avoiding emotional decisions is...
Mindfulness is a practice that helps you focus on the present moment without judging it. It comes from ancient Buddhist meditation but is now used worldwide for its benefits on mental health. In this post, we'll explore what mindfulness is, where it comes from, and how it can help you in...
Greetings fellow traders,
As someone deeply involved in the forex market, I understand the importance of staying informed about the controversies surrounding our industry. In recent times, there has been much discussion and debate regarding various aspects of forex trading. Today, I aim to shed...
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