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mlawson71 replied May 9, 2017That really depends on the type of trader they are. If they're a scalper the daily time frame may not be very useful.
which time frames to use
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mlawson71 replied May 9, 2017The original question was about the best pairs to trade, not about the most popular. I don't think those two things are necessary the same.
The best Pairs to Trade?
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mlawson71 replied May 8, 2017Isn't that EUR/USD? I am not fond of it, but as far as I know EUR/USD is the currency pair with the lowest spreads, usually, at least.
The best Pairs to Trade?
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mlawson71 replied May 8, 2017That is good advice. Try different brokers with different services and see which one fits your needs as a trader the best.
New to forex Tips and Advice
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CySEC starts compensation payments to CommexFX clients
Started May 8, 2017|Recycle Bin|0 replies
Nearly a year after the Cyprus Securities and Exchange Commission (CySEC) decided to withdraw ...
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mlawson71 replied May 6, 2017What is your criteria for placing SL then? I usually place mine above the nearest resistance or below the nearest support level on the time frame I where I saw the signal that I used to open a position.
Trading without stop loss
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mlawson71 replied May 6, 2017I have often seen people recommending meditation. I tried a few times, but I think one needs to be more dedicated than me for it to have an effect.
How to better control our emotions?
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mlawson71 replied May 5, 2017I think it's more because some newbies learn one good strategy and stick to it closely because they don't know anything else. The more we know about trading, the more we realize how risky it is and that has an effect on our confidence and ...
What is overconfidence in Forex?
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mlawson71 replied May 5, 2017What if you are wrong about the way you've placed the SL? I am very much in favour of using stop loss, but I don't think that it's a universal remedy.
Do you use stoploss?
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mlawson71 replied May 4, 2017I am not sure whether starting on a live account, even if it's a mini account, when one is a total newbie is a very good idea. At the very least one should learn the software and the basics of trading on a demo account.
New in Forex- Where to start?
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mlawson71 replied May 4, 2017The FCA is generally considered the most reputable regulator in Europe. If you become a client of a FCA-regulated broker, however, you should keep two things in mind. The first one is that a while ago the FCA banned all starting bonuses and, more ...
European regulated forex broker
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mlawson71 replied May 4, 2017What other currency pairs do you prefer? Do think that some currency pairs provide more opportunities than others? Apart from EUR/USD, that is.
Which Pair to trade for a beginner
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mlawson71 replied May 3, 2017I don't think success is just a matter of pips, lot size also matters very much. A scalper may not make a lot of pips, but if they're good at what they do they could still be pretty successful.
How many pips does a "successful" trader collect weekly?
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mlawson71 replied May 3, 2017I don't feel comfortable trading without using stop loss either. I think some people underestimate how useful SL can be when used correctly.
10 Rules for Traders
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mlawson71 replied May 2, 2017And that's if you ever learn how to actually be profitable. Unfortunately some people never quite get there.
New to forex Tips and Advice
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mlawson71 replied May 2, 2017People always react strongly when there's money involved, it's basic human nature, in my opinion.
Why are markets overreacting to today's data?
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mlawson71 replied May 1, 2017As far as I know, 1st May is a global holiday. Even if some smaller markets are open, I doubt we'd see a lot of volatility.
What markets are now open?
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mlawson71 replied May 1, 2017You’re right. While they’re discussing the ban the complaints against binary options brokers continue to rise, especially in Manitoba. According to the Manitoba Securities Commission (MSC) only in the first four months of 2017, the number of ...
Canada set to ban binary options altogether
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mlawson71 replied May 1, 2017That was very well-put. The proper mindset and the discipline have to already be there when you develop or learn a profitable strategy. Otherwise it'd be useless.
Emotions (money management)
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mlawson71 replied Apr 29, 2017I think that's because the majority of traders instinctively view round numbers as major support and resistance levels and they make them so through their trading. It's a self-perpetuating prophecy of a sort.
Do you use stoploss?