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bigxy
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Everything posted by bigxy
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Price action traders are among the top successful traders however price action is one of the hardest to learn since many traders uses indicators on charts.
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Do you know to choose the trading account type
bigxy replied to adamsmiths's topic in Forex Trading Styles
There are some brokers like HFM who offers leverage up to 1:400 on their regular accounts and 1:1000 on their micro accounts. New traders being unaware of the market conditions should keep the leverage low in start because high leverage can claim higher damages as well. -
I usually prefer manual trading however there are still many profitable EAs in the market but most of them are built following the technical analysis so they can double the trouble if you are not a coder since they do require monitoring during the volatile markets.
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New traders also try scalping however they should try trading on higher time frames instead of getting ins and outs instantly.
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What is the amount of money you typically invest in trading?
bigxy replied to Nona_3's topic in Forex General Discussion
When it comes to investing money i rather say that we should only invest that amount which we can afford to lose. -
Buying a Forex VPS from a decent company
bigxy replied to Giftforme's topic in Forex General Discussion
Most of the fx brokers offers free VPS to their clients so we better check out this option as well. -
When we start forex trading, it is better not to go for the returns rather we need to focus on building our skills that could lead us make some healthier returns in future.
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I guess every brokers follows the same pattern in my opinion like EURUSD, XAUUSD, GBPUSD etc all are the same majors pairs available with every broker.
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Factors that are considered while choosing a broker
bigxy replied to Gee Dee's topic in Forex Newbies
I guess brokers like HFM, octa, xm, exness, & lmfx etc can be a few reputed brokers to be shortlisted for finalizing the right broker. -
I have noticed that the tradingview is also getting noticed these days however, i am stick to the mt4 so far till it gonna end working and i will move to the mt5 or any other alternative of that time.
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We can use these demo accounts to test the brokers platform without investing any real money with them.
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Bonuses have their own terms and conditions to use, better options to try any broker's platform is to try their demo account which is usually risk free and sync to the real market in my opinion.
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Factors that are considered while choosing a broker
bigxy replied to Gee Dee's topic in Forex Newbies
I guess brokers like hfm, ocat, xm, lmfx, etc can be good for shortlisting while searching for a reputed and regulated broker. -
5 things to ask yourself before choosing a Forex Broker
bigxy replied to RodriJames12's topic in Forex Newbies
Whoever knows when even a good broker stop paying out and scam traders so i guess its better to keep withdrawing the profits by leaving necessary capital behind. -
New traders should also look higher time frames for making their trade decisions instead of trying to scalp markets because they will only loose money during getting in and out on shorter time frames.
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I am still trading with MT4 and learning MT5 since it will be the new version from meta traders and used when they stop providing updates for the MT4.
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Personal opinions are usually not investment advise especially when they are free in my opinion.
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I checked this domain and it was working fine and hfeu.com and grouphf also working fine here.
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I believe that the HFM broker has been serving for more than 14 years and is regulated plus reputed as well.
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Demo trading builds traders' skills without investing any money since these demo accounts comes with virtual money and live environment so even if a trader loses money in the event they didn't actually lose anything but have a chance for learning from these mistakes which yield loss.
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No deposit bonus from brokers. Any suggestions?
bigxy replied to boltushkin's topic in Forex Newbies
When we have trust in our own trading capabilities then we can go with our own funds rather than claiming bonuses from any broker. -
I have checked and can access this domain without any restrictions or issues. Its working fine so far.
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Forex market is constantly changing
bigxy replied to Myra Wilson's topic in Forex General Discussion
That is why the forex market allows traders to either take a long or short depending on such dynamics. -
5 things to ask yourself before choosing a Forex Broker
bigxy replied to RodriJames12's topic in Forex Newbies
We can check the broker processes by trading their demo before investing any money with them and after finalizing the right broker we should start with small amounts in order to test those processes which we cant test on demo like withdrawals etc. -
Traders having small amounts can start with the micro accounts offered by brokers like hfm etc. They also offer good earning if you are a trained trader.