You can focus on fundamental analysis then. You pick an asset identify major supply and demand forces and using fundamental data (economic or corporate reports, geopolitical events, liquidity, central bank events etc.) attempt to predict how events ...

Looking for a Daily trading strategy

Agree if you need a backtester better to write your own one for example in Python and use Pandas dataframe with csv with historical prices to conduct analysis. Learning programming language especially data analysis will be a bonus.

Best broker for backtesting?

You can even find brokers with 4$ round turn commission however I will not reveal its name, do your own research.

Low cost (Commission/spread), high leverage (1:400+), ECN?

Did you check Hotforex one url , quick look shows their USDSEK swaps is better however leverage is the same.

Low Rollover / High Leverage Brokers?

You don't predict price movements you predict price reaction to future events. Hence you should shift your focus at predicting possible development of current fundamental forces or events, like rise in geopolitical risks, central bank change in bias ...

Why it is possible to predict price movement?

Yeah, often markets change direction, i.e. reverse at the start of a new year, the latest example is S&P 500 downtrend which started in January. However you should pick trending markets if you want to implement that idea.

bad months for forex

It is a new broker so I would give it some time to prove they are reliable and have mature and flawless trading platform. Really don't like to take additional risk except from market risk.

Best Broker?

Well, on the contrary demo trades are not passed to LP, hence, you may see they are executed faster compared to live. This creates distortion which you should take into account when you backtest your trading system.

Broker cheating on their demo :)

They both use MQL5 however I would suggest to create robots for MT5 because brokers are gradually moving towards MT5. It is also rule of thumb to steer clear from past versions of any app.

MQL4 code help

For scalping you should conduct thorough research as clearly market-maker won't tolerate you long if you consistently pull out money from their pocket. However you can relax and choose any if you are swing traders. The problem is that most ...

My broker closed my account for "too much profit made"

I use stop loss for leveraged positions but when it comes to long-term trades where I target 1000+ pips I don't set stop loss at all because price swings can be really wide before it starts to gradually move to your direction.

Do you use stoploss?

Scalping or high frequency trading on retail platforms is hard. You are heavily disadvantaged as even if you trade via VPS there is additional delay because the broker should handle your order first. That's why choosing higher timeframes is ...

Rookies need to realize what you're getting into before you start

Experience from demo and real trading are vastly different from each other in terms of emotions you experience. Lack of confidence, inability to accept loss and close your position according SL you set or impatience that forces you to miss part of ...

Demo Forex VS Real Forex

Even if it is truth, you should notice that your execution is slightly worse than with brokers that B-book your orders. It means that Global Prime is pure STP and it is well-known that they are inferior in execution speed as routing order to ...

Which brokers for New Zealand residents?

Well, absolute number of trading mistakes (i.e. wrong trades) increases as far as you continue trading, however agree it is not important, should be considered in combination with other performance metrics. Maybe he meant that ultimately trading ...

Strategy of losers

Ist it demo or live account? there is no liquidity involved in demo so if it happens most probably it is platform glitch and you should change broker. Otherwise you should consult about spread widening, i.e. what was the spread when the trade was ...

Broker cheating on their demo :)

I stick to conservative approach, carefully manage risk don't let equity drawdowns overwhelm me and prompt to make silly mistakes. In my view most wipeouts is a result of attempts to revenge market or greed, i.e. trading under influence of emotions, ...

What was your lowest point?

How to determine if a broker belongs to group of Tier 1 brokers? Trading conditions and broker ToS are roughly the same.

Reliable Broker with low spreads and high leverage on Indices

You are either consistently better at predicting future than collective opinion (expressed in market price) which is unlikely for liquid markets with professional participants or your system is based on exploiting irrationality of others (like ...

Why it is possible to predict price movement?

Order book data shows you how many orders and what is total amount is concentrated at each price. However it is not possible to see that for FX because you trade with a dealer, not other traders. What you receive is only best bid/ask price

What is order flow trading?