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bearhugs

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Posts posted by bearhugs

    • how to set up the screen for each strategy, and what indicators I use

    • what currency pairs and time frame I use for each strategy

    • what specific parameters I use for the indicators in each strategy

    • where are the entry points, and how I follow the longer time frames to confirm the trend direction

    • the process of placing the Expert Advisors on Meta Trader and trade automatically

    • how to fit the strategies to your trading broker quotes

    • trade with confidence proven Forex strategies

  1. There are many kinds of indicators and when you mix them it can result in excluding signals. Like this, it will be very difficult to make a decision about the right moment to enter the trade.

    On the other hand, adding a few indicators that provide comparable information is not the best idea either. Some think it will give them a confirmation of the entry points. But in reality, it can lead to unnecessary confusion and make the market difficult to evaluate accurately.

  2. Ten Tips for Forex Risk Management 

    1) Educate Yourself About Forex Risk and Trading 

    2) Use a Stop Loss 

    3) Use a Take Profit to Secure Your Profits 

    4) Do Not Risk More Than You Can Afford to Lose 

    5) Limit Your Use of Leverage 

    6) Have Realistic Profit Expectations 

    7) Have a Forex Trading Plan 

    😎 Prepare For the Worst 

    9) Control Your Emotions 

    10) Diversify Your Forex Portfolio

  3. There are many benefits to forex trading but, as with any market, there are also associated risks and it should not be entered into lightly. Whilst this article has covered the main advantages of forex trading, it’s also vital that you familiarise yourself with the potential pitfalls to ensure it’s the right decision for you.

    Forex trading is not a get-rich-quick scheme. Rather, it is a long-term strategy that requires knowledge and a keen understanding of how global events can affect the market.

  4. Forex trading is not an easy skill to master but you can shortcut your learning curve by implementing the right tips and tricks which I'll share with you. If you would like to understand more about the mistakes that beginner traders make, you should check out some  videos on internet. 

     

  5. I am not sure about this list but yes many countries are having banned on FOREX Broker, some of them are

    • India – Restrictions on the way Indian citizens are allowed to trade in the Forex markets are being regulated by Securities and Exchange Board of India (SEBI)
    • Belgium.
    • North Korea.
    • Malaysia.
    • France.
    • Bosnia Herzegovina. etc.
  6. For a fledgling financial backer or merchant there are specialized and principal pointers to learn. 

    Financial backers utilize more principal pointers and the best graphs currently have line essential markers. There are a few that I use as a teacher. Level of Shares Held by Institutions PSHI is especially significant.

  7. Forex robots need 24/hours internet connection to execute trades automatically. In addition, the server that hosts the Forex robot should be reliable and offer maximum uptime. A delay or glitch in the server may cause Forex robot to make wrong trades.

  8. Spread betting is a leveraged product. This means that you only need to deposit a small fraction of the overall value of any trade, known as margin. For example, if the margin requirement for a trade is 20% then you would need 20% of the full value of the trade in your account to open the position.

  9. A demo account helps traders practice trading beforehand and determine the potential risks of trading since they get to trade in a risk-free environment using virtual money. But a live Forex account is meant for traders who are experienced enough to calculate their risks and place accurate or profitable trades.

  10. The volatility calculator can be a helpful tool when trying to identify assets that you want to focus on closely. It allows you to measure the volatility of anything you might want to trade, over any given time period. Whether you are looking for a highly volatile market to generate high returns, or you want to avoid the dangers of high volatility, you can use a volatility calculator to find a suitable asset to trade.

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