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Everything posted by uncle gober
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we should do the rest when the concentration is on the decline as this could cause the error analysis which would make the market against us. I never felt this way and I do not want to repeat the same thing for the second time. now I try to concentrate trading in the Asian session. I get a profit in the forex business using scalping techniques. I opened and closed the trading no more than 2 minutes. I need the speed of execution and low spreads to gain maximum profit. I am now comfortable trading with this system in my broker
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I think by using ECN account with low spreads very favorable and it is not a trick that was made by the broker. traders can now obtain a spread comparison between brokers in serving this website and reliable as in TICKMILL. one of which is already well-known website that presents a comparison of the spread between brokers in real time is myfxbook
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To learn forex trader takes time and a long process to be able to obtain an optimal experience prior to using a real account. trader should use a demo account first to learn. I also use a demo account before using in a real account Tickmill. I spend approximately 8 months before switching to a real account
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I am now more prefer to use ECN brokers, ECN broker provides you direct access to the market. The broker earns only from commissions paid by the customer. TICKMILL is one of ECN broker, the broker has a speed of execution and low spreads are needed by traders to do scalping to Achieve maximum profit. this is usually the main thing when traders decide to choose the right broker for scalping. based on my experience, TICKMILL gives traders especially for scalpers with very good platforms.
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Forex, Gold & Silver Trade 64 currency pairs, gold and silver on our Exchange account (DMA, ECN). Please note that our ECN spreads are fluctuating and start from 0.0 pips. Also, many brokers do not allow placing stop and limit orders close to market prices – we encourage you to do just that. So stop/limit levels are zero. On Exchange account we charge a commission of 2 USD per 100 000 USD traded, per side (0.0020% notional). This is the lowest standard commission in the world. Active traders are charged even less. Tradable Spot Currencies and Metals You can trade the following currencies with extremely low spreads, ultra-fast market execution and no requotes Forex Trading Hours Forex trading: available 24 hours a day, 5 days a week allowing traders access during all Forex market trading times. You can trade from Monday 00:00 (GMT+2) to Friday 24:00 (GMT+2). Metals trading: starting from 01:00 (GMT+2) on Monday, close 24:00 (GMT+2) on Friday. There is a trading break each day from 00:00 (GMT+2) until 01:00 (GMT+2). For Daylight Saving Time we use New York time zone. Margins on Metals Margins on spot gold (XAUUSD) and spot silver (XAGUSD) depend on the account leverage. Gold leverage is 2 times lower than account leverage, silver leverage is 4 times lower than account leverage. Example: Suppose your account has a leverage of 1:100. Your leverage for gold will be 1:50 (2 times lower) and for silver 1:25 (4 times lower).
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The minimum deposit is intended for beginner traders in order to learn. but for get maximum profit in accordance with the concept of 20% or 30% profit every month then the minimum deposit must be appropriate and realistic. I am now trying to make trades with a minimum deposit of $ 100 in tickmill and I hope to perform additional deposit after I achieve consistency profit
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I agree that knowledge is very important in trading. knowledge can be gained by using a demo account or by using video tutorials. I advise you to see a video tutorial on the basic principle of forex. Tickmill’ Forex Trading Video Tutorial contains hours of video dedicated to multiple Forex aspects you need to become a more knowledgeable trader. Every nuance of trading at Forex market is covered in this simple and easy to catch tutorial – from basic concepts to advanced skills.
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Are you satisfied with your broker?
uncle gober replied to mang_ncep's topic in Forex General Discussion
A good broker will give the best for traders to make them feel comfortable and satisfied with broker. I trust TICKMILL to invest my money, i get the best trading conditions, they offer the lowest spread ever i got, besides that, i also get fast order execution, it's very comfortable for scalping. -
one way to choose a broker is to perform tests against the broker. You can test your brokers by opening a demo account. Although demo account is not with real money it however gives you access to real trading conditions and allows you among other things to see the spreads of the broker, the speed of order execution, reliability of trading platform, etc.
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Tickmill Broadens its Customer Appeal as a Trader-Friendly Brokerage by Introducing Eight Key CFDs Client-oriented global ECN broker Tickmill announced today the availability of CFDs in its diverse product line. Keeping a key promise made to Tickmill’s discerning customer base of experienced traders, the brokerage has followed through on its commitment to launch CFDs in its very first quarter of operations. Sudhanshu Agarwal, CEO of Tickmill explains, “This is a very important step forward for Tickmill as CFDs are popular and widely traded instruments. The availability of eight major CFDs covering key stock indices for Germany, Japan, Europe, the United Kingdom, the USA, as well as WTI Crude Oil, will cement the Tickmill’s reputation as a broker with truly global trading appeal.” A CFD, also known as ‘Contract for Difference’, is a derivative product that gives opportunity to make money from both falling and rising markets. And because there is no expiry date, a CFD therefore allows traders to hold their positions for as long as they wish. The eight major CFDs introduced by Tickmill are based on the most liquid markets hence providing its traders the best opportunity to succeed. Overall the flexibility of CFDs provides an excellent hedge against losses. In fact, traders can easily use CFDs to protect themselves against unexpected market movements. Our traders have requested CFD trading and we are proud to deliver these contracts which cover the most popular stock indices as well as the world’s most heavily traded commodity… Tickmill continues to make every possible effort to ensure its position as a respected leader in the retail financial brokerage industry. The delivery of these instruments is one of the fundamental steps we are making towards our commitment. A complete listing of the eight available CFDs and Tickmill’s other retail products can be found here at this link: Amongst Tickmill’s attractions to retail brokerage clients are spreads from zero pips, a transparent ECN (full STP and DMA) platform permitting all strategies including scalping, and a wealth of diverse trading instruments including 64 currency pairs as well as CFDs, precious metals, and related commodities.
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Specific trading strategy should be used exactly for a chosen currency pair, for which it is created because it depends on the ratio of the certain currency pair. However, this does not mean that the other currency pair won’t benefit from the chosen strategy, but make sure you analyse the strategy more before applying it on different currency pairs. The main task of any Forex trading strategy is to minimize the impact of external factors on the Forex trader and to organize trader’s activities. The development of a trading strategy can even be compared with the development of a business plan for a specific project. When developing your own trading strategy or improving the old one, it is important to remember these rules: Any trading strategy has a share of subjectivity, it does not guarantee a success and can work also against you; Each Forex trading strategy should be compatible with a trader’s style; 95% of trading failures are caused by lack of the psychological stability – Forex trading strategy is designed to solve this problem. Traders can combine different methods or develop even their own indicators and trading robots, because there is no limit in different variations. now I try to stay consistent to trade with some combination of several indicators that I try to apply in TICKMILL
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Experience of course and learning materials. I saw a few important notes given by the winners of the real account "Trader Of The Month" in Tickmill. I am now trying to be able to use the principles of their work to increase knowledge of trading. What instruments do you prefer to trade and why? My favorite instruments are EUR/USD and GBP/USD What schedule (trading hours) do you have for your trading? I always trade during Asian session. Did you receive personal training from other traders or did you mainly educate yourself on your own? I have read a lot of traders’ blogs. Most of my knowledge came from there. I have also watched a lots of videos what are teaching trading strategies. I copied some strategies and improved those. Do you create your own strategies or use the ones that already exist? Can you briefly describe your strategy? Yes, I have my own strategy which is very complicated to explain. I use mixed strategies combined with lots of different Indicators, Expert Advisor and manual trading. What is the most important quality a trader should have? There are few of them that are very important. Most important quality is patience.The second one is ability to learn different trading skills and understanding financial markets. How do you deal with losses, does it have an emotional impact on you? As a trader you have to be prepared to take risks and losses. Are you satisfied with our service and is there anything we can improve? I am extremely satisfied with you services. I tried many brokers for my long trading career and coul not find any better. I hope that you add some online trading platforms in the future.
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Slippage is when an order is filled at a price that is different than the requested price. Most conversations I hear regarding slippage tend to speak about it in a negative light, when in reality, this normal market occurrence can be a good thing for traders. when orders are sent out to be filled by a liquidity provider or bank, they are filled at the best available price whether the fill price is above or below the price requested. To put this concept into a numerical example, let’s say we attempt to buy the EURUSD at the current market rate of 1.3650. When the order is filled, there are 3 potential outcomes. Outcome #1 (No Slippage) The order is submitted and the best available buy price being offered is 1.3650 (exactly what we requested), the order is then filled at 1.3650. Outcome #2 (Positive Slippage) The order is submitted and the best available buy price being offered suddenly changes to 1.3640 (10 pips below our requested price) while our order is executing, the order is then filled at this better price of 1.3640. Outcome #3 (Negative Slippage) The order is submitted and the best available buy price being offered suddenly changes to 1.3660 (10 pips above our requested price)while our order is executing, the order is then filled at this price of 1.3660. Anytime we are filled at a different price, it is called slippage. I now get maximum profit with an average positive slippage in TICKMILL.
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Easy start with Classic account Classic account has variable spreads starting from 1.2 pip, no commissions. Classic account is mostly used by beginners who start with smaller initial deposit and want to avoid paying commissions. Please note that Classic account charts show raw market spreads without the markup. Forex Trading Hours Forex trading: available 24 hours a day, 5 days a week allowing traders access during all Forex market trading times. You can trade from Monday 00:00 (GMT+2) to Friday 24:00 (GMT+2).Please note that there is a trading break each day from 00:00 (GMT+2) until 00:05 (GMT+2). For Daylight Saving Time we use New York time zone. Metals trading: starting from 01:00 (GMT+2) on Monday, close 24:00 (GMT+2) on Friday. There is a trading break each day from 00:00 (GMT+2) until 01:00 (GMT+2). For Daylight Saving Time we use New York time zone. Margins on Metals Margins on spot gold (XAUUSD) and spot silver (XAGUSD) depend on the account leverage. Gold leverage is 2 times lower than account leverage, silver leverage is 4 times lower than account leverage. Example: Suppose your account has a leverage of 1:100. Your leverage for gold will be 1:50 (2 times lower) and for silver 1:25 (4 times lower).
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Demo contest is good place for traders to hone trading skill and get chance to win the prize that we can use to get additional capital for trading. Now, i don't take part in demo contest, because my broker don't hold demo con, but i can take part in Trader of The Month will get $1000 in TICKMILL
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- Learning forex
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Experience is helpful for the trader can trade better. experience will be helpful in assisting traders to make a decision to buy or sell the better so that the influence of emotions will be minimized. based on my experience of trading in TICKMILL, traders who have experience and good psychology will get maximum results as shown by the trader who won the contest "Trader of The Month"
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Psychology in forex trading is one of the most important things that must be understood and carried out by the trader. Many traders are successful because they understand about trading psychology and many of them also eventually gave up and lost because they underestimated. So for those of you who are serious about investing in forex, forex psychology must be understood correctly.
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Demo account is one of the powerful tool and a lot of knowledge, experience, trading skills and good money management policies through regular practice and moreover, demo account is big source of learning also enabling traders to survive in real trading account so demo account has special importance in Forex trading
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Account types FX Leverage Clients can choose the appropriate leverage when they open the account or at a later by contacting customer support. The default leverage is 1:500. Higher leverage means higher risks. Order types We set no limits on placing orders as you can even place orders at the spread. FX traders can execute a number of orders with Tickmill, including: Market execution Buy limit Sell limit Buy stop Sell stop Take profit Stop loss Good till cancelled Trading conditions Forex instruments: 62 currency pairs Precious metals: gold and silver Leverage available: 1:500 Trading platform: MetaTrader 4 Execution model: DMA, NDD , STP Base currencies: EUR, GBP or USD Min trade size: 0.01 lots Margin call / stop-out: 100% / 30% Primary trading server: London (backups in New York) Trading style on Exchange account: all trading styles are accepted including high-frequency and high volume trading with EA-s and algos, hedging allowed, FIFO rule is not applicable
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leverage will help traders to improve the balance so it can trade using small lots and spread helps traders to be able to get the difference between bid and ask prices are small. Now I am trying to combine the advantages provided by my broker with leverage 1:500
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many mistakes made by traders is having poor trading psychology. too hastily to trade without having a pretty good skill and often trading with emosioanal. for that we need to be careful in forex. we should have enough skill and minimize emotion if we want to succeed in forex
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losses are part of the risk in forex business comparable to the benefits. now I try to be able to trade with more comfortable in TICKMILL with discipline in trading to minimize the risk
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Forex trading is a good business to earn hugs of money in short period of time. But also many forex traders lose their capital in forex trading business due to lack of forex trading knowledge about forex trading business. So, must gain all forex trading knowledge to get success in forex trading business. I was originally using a Video Tutorial for learning provided by the forex broker that I use. This broker fully understands the needs of traders, especially for beginners
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Account types Classic account has variable spreads starting from 1.2 pips, no commissions. Classic account is mostly used by beginners who start with a smaller initial deposit and want to avoid paying commissions. Please note that Classic account charts show raw ECN market spreads without the markups. Exchange account has raw ECN spreads starting from 0.0 pips and tiny commissions. Trading cost (spread + commission) of Exchange account is one of the cheapest in the world. Compare us with other brokers! If you want to open a corporate account for your business, please follow this link. Open Corporate account
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