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Forex traders, what is the best way to understand and calculate leverage?
I've been around the forex industry for some time and this is one of the few things, no matter the way it was explained I couldn't understand it. I'm curious to hear other points of view.
What Is The Best Time Of Day To Trade Forex For A Novice Trader?
Forex Market Opens 24 hours a day on weekdays, but the market remains closed on weekends. Forex is traded worldwide so that the timings may vary from country to country. The forex market is classified into four major trading sessions which include Sydney, Tokyo, London and New York. These are the largest forex markets accounting for nearly 75% of FX's daily volume. https://preview.redd.it/mij1mk3y4b5a1.png?width=615&format=png&auto=webp&s=b64e058bb878b2f91096d94e1a792df394f7e0b8 The Best Time for Forex Trading For A Novice Trader when the market is active in a day and when you will get the best chance for executing a trade. The overlap windows for exchanges are:
Both New York and London exchanges windows are open between 1 pm to 4 pm (GMT)
Both Tokyo and Sydney window exchanges are open between 12 am to 7 am (GMT) when both Tokyo and Sydney exchanges are open
Tokyo and London exchanges window are open from 8 am to 9 am (GMT)
Best way to become a full time Forex day trader with a current full time 9-5 job?
My current M-F 9-5 job is physically demanding, having severe back issues for years (its getting worse) and would like a new career where i wont be damaging my body. Im strongly considering Forex day trading as a new career. Im currently learning on youtube. I dont wanna quit my current job cause i understand it takes time to make profits from trading. I was thinking to work thursday-saturday (part time) with my current company. And day trade monday-wednesday (hopefully those are great days to trade). Untill i improve and am consistent with Forex, eventually i want to quit my job. What do you all think? Im sure im not the only one with this situation. How do you all do it?
Who are the best forex specialized traders to copy?
Who are the best forex specialized traders to copy? Currently looking to diversity into forex trading but by the looks of it, OlivierDanvel is the only extremely popular forex trader. I'm looking for something with a little more risk and higher gains, any recommendations?
Hey Guys, Has anyone of you tried AI forex copy trader on MT5 ?? Theres this company called Ojasvi AI. You open an account with them. Deposit minimum $1k and its bot trades in forex market. I know few of my colleagues who have invested and are getting 5 to 7% of return every month from last 1 year. Few of them have even withdrawn their initial investment and are now earning from profits that they have made.. Anyone?
What's the best way to create Indicator based Alerts on Forex for free or reasonable price? I've created one with TradingView when Gold crosses 50 EMA, but i want to know whether it can be done somewhere for free or inside MetaTrader itself?
What's the best way to create Indicator based Alerts on Forex? I've created one with TradingView when Gold crosses 50 EMA, but i want to know whether it can be done somewhere for free or inside MetaTrader itself?
Full disclaimer: I know NOTHING about trading. But! My dad is currently into learning about Forex and I would love to get him something useful/meaningful for Christmas related to forex trading. I was really excited to get him the "Stock Traders Almanac 2023" but recently learned he doesn't day trade (forex only). Any ideas? He's a big fan of video learning so textbooks are a no go. Edit: budget ~$100 CAD
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Let me start by saying I’m not asking for your strategies and I understand this takes time. My goal though is to eventually leave my full time job and trade professionally while I travel between countries. I’m armed with a MacBook Pro, Naked Forex, Trading In The Zone and various other trading books. What advice would you give to someone who wants to seriously trade and what is the time frame I should expect? Thank you.
Guys did u try that? I saw in youtube apps where you can copy famous forex day traders who are usually profitable. Also I knew for a guy his nickname is Uncle Ted who takes 70% of the profit which he make. Some friends are in the game from 3-4 months and they got like 100% gain in 2-3 months. For me sound too good to be true but who know. I dont know nothing more. No one of my friends wants to share more information which app they use and how to copy the account. Thanks in advance
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How to Copy and Paste Forex Trades on MetaTrader 4 - YouTube
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