Top 10 Best Forex Demo Account 2020 - FXEmpire.com

Former investment bank FX trader: news trading and second order thinking

Former investment bank FX trader: news trading and second order thinking
Thanks to everyone who responded to the previous pieces on risk management. We ended up with nearly 2,000 upvotes and I'm delighted so many of you found it useful.
This time we're going to focus on a new area: reacting to and trading around news and fundamental developments.
A lot of people get this totally wrong and the main reason is that they trade the news at face value, without considering what the market had already priced in. If you've ever seen what you consider to be "good" or "better than forecast" news come out and yet been confused as the pair did nothing or moved in the opposite direction to expected, read on...
We are going to do this in two parts.
Part I
  • Introduction
  • Why use an economic calendar
  • How to read the calendar
  • Knowing what's priced in
  • Surveys
  • Rates decisions
  • First order thinking vs second order thinking

Introduction

Knowing how to use and benefit from the economic calendar is key for all traders - not just news traders.
In this chapter we are going to take a practical look at how to use the economic calendar. We are also going to look at how to interpret news using second order thinking.
The key concept is learning what has already been ‘priced in’ by the market so we can estimate how the market price might react to the new information.

Why use an economic calendar

The economic calendar contains all the scheduled economic releases for that day and week. Even if you purely trade based on technical analysis, you still must know what is in store.

https://preview.redd.it/20xdiq6gq4k51.png?width=1200&format=png&auto=webp&s=6cd47186db1039be7df4d7ad6782de36da48f1db
Why? Three main reasons.
Firstly, releases can help provide direction. They create trends. For example if GBPUSD has been fluctuating aimlessly within a range and suddenly the Bank of England starts raising rates you better believe the British Pound will start to move. Big news events often start long-term trends which you can trade around.
Secondly, a lot of the volatility occurs around these events. This is because these events give the market new information. Prior to a big scheduled release like the US Non Farm Payrolls you might find no one wants to take a big position. After it is released the market may move violently and potentially not just in a single direction - often prices may overshoot and come back down. Even without a trend this volatility provides lots of trading opportunities for the day trader.

https://preview.redd.it/u17iwbhiq4k51.png?width=1200&format=png&auto=webp&s=98ea8ed154c9468cb62037668c38e7387f2435af
Finally, these releases can change trends. Going into a huge release because of a technical indicator makes little sense. Everything could reverse and stop you out in a moment. You need to be aware of which events are likely to influence the positions you have on so you can decide whether to keep the positions or flatten exposure before the binary event for which you have no edge.
Most traders will therefore ‘scan’ the calendar for the week ahead, noting what the big events are and when they will occur. Then you can focus on each day at a time.

Reading the economic calendar


Most calendars show events cut by trading day. Helpfully they adjust the time of each release to your own timezone. For example we can see that the Bank of Japan Interest Rate decision is happening at 4am local time for this particular London-based trader.

https://preview.redd.it/lmx0q9qoq4k51.jpg?width=1200&format=pjpg&auto=webp&s=c6e9e1533b1ba236e51296de8db3be55dfa78ba1

Note that some events do not happen at a specific time. Think of a Central Banker’s speech for example - this can go on for an hour. It is not like an economic statistic that gets released at a precise time. Clicking the finger emoji will open up additional information on each event.

Event importance

How do you define importance? Well, some events are always unimportant. With the greatest of respect to Italian farmers, nobody cares about mundane releases like Italian farm productivity figures.
Other events always seem to be important. That means, markets consistently react to them and prices move. Interest rate decisions are an example of consistently high importance events.
So the Medium and High can be thought of as guides to how much each event typically affects markets. They are not perfect guides, however, as different events are more or less important depending on the circumstances.
For example, imagine the UK economy was undergoing a consumer-led recovery. The Central Bank has said it would raise interest rates (making GBPUSD move higher) if they feel the consumer is confident.
Consumer confidence data would suddenly become an extremely important event. At other times, when the Central Bank has not said it is focused on the consumer, this release might be near irrelevant.

Knowing what's priced in

Next to each piece of economic data you can normally see three figures. Actual, Forecast, and Previous.
  • Actual refers to the number as it is released.
  • Forecast refers to the consensus estimate from analysts.
  • Previous is what it was last time.
We are going to look at this in a bit more detail later but what you care about is when numbers are better or worse than expected. Whether a number is ‘good’ or ‘bad’ really does not matter much. Yes, really.

Once you understand that markets move based on the news vs expectations, you will be less confused by price action around events

This is a common misunderstanding. Say everyone is expecting ‘great’ economic data and it comes out as ‘good’. Does the price go up?
You might think it should. After all, the economic data was good. However, everyone expected it to be great and it was just … good. The great release was ‘priced in’ by the market already. Most likely the price will be disappointed and go down.
By priced in we simply mean that the market expected it and already bought or sold. The information was already in the price before the announcement.
Incidentally the official forecasts can be pretty stale and might not accurately capture what active traders in the market expect. See the following example.

An example of pricing in

For example, let’s say the market is focused on the number of Tesla deliveries. Analysts think it’ll be 100,000 this quarter. But Elon Musk tweets something that hints he’s really, really, really looking forward to the analyst call. Tesla’s price ticks higher after the tweet as traders put on positions, reflecting the sentiment that Tesla is likely to massively beat the 100,000. (This example is not a real one - it just serves to illustrate the concept.)

Tesla deliveries are up hugely vs last quarter ... but they are disappointing vs market expectations ... what do you think will happen to the stock?

On the day it turns out Tesla hit 101,000. A better than the officially forecasted result - sure - but only marginally. Way below what readers of Musk's twitter account might have thought. Disappointed traders may sell their longs and close out the positions. The stock might go down on ‘good’ results because the market had priced in something even better. (This example is not a real one - it just serves to illustrate the concept.)

Surveys

It can be a little hard to know what the market really expects. Often the published forecasts are stale and do not reflect what actual traders and investors are looking for.
One of the most effective ways is a simple survey of investors. Something like a Twitter poll like this one from CNBC is freely available and not a bad barometer.
CNBC, Bloomberg and other business TV stations often have polls on their Twitter accounts that let you know what others are expecting

Interest rates decisions

We know that interest rates heavily affect currency prices.
For major interest rate decisions there’s a great tool on the CME’s website that you can use.

See the link for a demo

This gives you a % probability of each interest rate level, implied by traded prices in the bond futures market. For example, in the case above the market thinks there’s a 20% chance the Fed will cut rates to 75-100bp.
Obviously this is far more accurate than analyst estimates because it uses actual bond prices where market participants are directly taking risk and placing bets. It basically looks at what interest rate traders are willing to lend at just before/after the date of the central bank meeting to imply the odds that the market ascribes to a change on that date.
Always try to estimate what the market has priced in. That way you have some context for whether the release really was better or worse than expected.

Second order thinking

You have to know what the market expects to try and guess how it’ll react. This is referred to by Howard Marks of Oaktree as second-level thinking. His explanation is so clear I am going to quote extensively.
It really is hard to improve on this clarity of thought:
First-level thinking is simplistic and superficial, and just about everyone can do it (a bad sign for anything involving an attempt at superiority). All the first-level thinker needs is an opinion about the future, as in “The outlook for the company is favorable, meaning the stock will go up.” Second-level thinking is deep, complex and convoluted.
Howard Marks
He explains first-level thinking:
The first-level thinker simply looks for the highest quality company, the best product, the fastest earnings growth or the lowest p/e ratio. He’s ignorant of the very existence of a second level at which to think, and of the need to pursue it.
Howard Marks
The above describes the guy who sees a 101,000 result and buys Tesla stock because - hey, this beat expectations. Marks goes on to describe second-level thinking:
The second-level thinker goes through a much more complex process when thinking about buying an asset. Is it good? Do others think it’s as good as I think it is? Is it really as good as I think it is? Is it as good as others think it is? Is it as good as others think others think it is? How will it change? How do others think it will change? How is it priced given: its current condition; how do I think its conditions will change; how others think it will change; and how others think others think it will change? And that’s just the beginning. No, this isn’t easy.
Howard Marks
In this version of events you are always thinking about the market’s response to Tesla results.
What do you think they’ll announce? What has the market priced in? Is Musk reliable? Are the people who bought because of his tweet likely to hold on if he disappoints or exit immediately? If it goes up at which price will they take profit? How big a number is now considered ‘wow’ by the market?
As Marks says: not easy. However, you need to start getting into the habit of thinking like this if you want to beat the market. You can make gameplans in advance for various scenarios.
Here are some examples from Marks to illustrate the difference between first order and second order thinking.

Some further examples
Trying to react fast to headlines is impossible in today’s market of ultra fast computers. You will never win on speed. Therefore you have to out-think the average participant.

Coming up in part II

Now that we have a basic understanding of concepts such as expectations and what the market has priced in, we can look at some interesting trading techniques and tools.
Part II
  • Preparing for quantitative and qualitative releases
  • Data surprise index
  • Using recent events to predict future reactions
  • Buy the rumour, sell the fact
  • The trimming position effect
  • Reversals
  • Some key FX releases
Hope you enjoyed this note. As always, please reply with any questions/feedback - it is fun to hear from you.
***
Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.
submitted by getmrmarket to Forex [link] [comments]

How To Start Trading Forex Reddit

How To Start Trading Forex Reddit

How to trade Forex and be profitable

Hello and thank you for being here again!
In this article I want to show you how I structure my operations by trading in the currency market. If it can give you ideas or help you in your process, the objective of this post will be more than fulfilled. I will try to be as clear and direct as possible. I'll go point by point:
Index
  • 1. How to trade
  • 2. Intraday or swing trading in Forex?
  • 3. Automatic or Manual Forex Trading
  • 4. Is analysis the key to Forex trading?
  • 5. Learn to create robust trading strategies
  • 6. Best Forex Trading Strategies
    • 6.1. Trading strategies with very simple entry and exit criteria
    • 6.2. Systems with a not very high number of operations or trades
    • 6.3. Strategies with a controlled return/risk
  • 7. Establish connection and disconnection rules for your systems
  • 8. Diversify in Forex
  • 9. What currencies to trade on Forex
  • 10. Why invest (only) in Forex
  • 11. Steps to trade
  • 12. How to start as a professional trader (without knowing how to program)
>>>Start trading with Plus500: open a free account

1. How to trade the Forex Market

Focusing on the basics and keeping it simple. Let me explain, you don't have to rely on hyper-complex strategies, use the software that PETA it and put it on the server next to your broker ... you don't have to be the best programmer, much less get dirty on the graphics of your platform to win money in Forex.
You need systems. The systems work. Results-oriented companies and work methods are systems-based. You should start applying and creating systems because they will allow you:
  • Know what you can expect (return and risk) in results.
  • Measure what you do .
  • Know when what you are applying is stopping working.
Yes, that sitting in front of the computer, looking and saying "I think EUR / USD is going to rise" is the most common thing, but the normal thing here is to lose money. You need winning strategies to start the fight.

2. Intraday or swing trading in Forex?

This question is an interesting question and I make a small indent if you are just starting out. Swing trading are operations that usually last several days and when we talk about intraday or day trading we refer to operations that are closed on the same day.
Well, which one then? Like everything in life, it depends (we are). You have to learn that there is no “best for all”. In my case I combine both operations because I dedicate myself full time to this, but if you are just starting out or are one of the people who get stressed out with trading, I recommend that you focus on swing trading.
As you consolidate here you can start to scale and seek to diversify by doing intraday. But again, this is just something that I recommend based on my own experience and from people I have known over the years.

3. Automatic or Manual Forex Trading

Not all automated Forex trading systems are a panacea, nor are all discretionary or manual systems bad. Stop looking at it like that, we're only talking about execution. This is precisely why I am opting for automated execution. We could talk at length about this and if you find it interesting I can dedicate an article just to it. But think that automation is just how strategy is carried out. Whether this is a winner or a loser is the basis of everything.
Automating a losing strategy does not make it a winner, it is only about applying strategies that are profitable and ensuring that they are executed in the best way (in manual we always cheat alone).

4. Is analysis the key to Forex trading?

Many people think that technical analysis is the key to beating the market and defend it to the last consequences. The same happens with those who think that the only way to make money in the foreign exchange market is through fundamental analysis.
So what really works? What really works and you can check. What good is it if you tell me that this or the other is the best method if you haven't even sat down to draw numbers. Many times it is not with what, but how. That is, they can be different valid methods if they are done well. But for this you need statistics of what you are doing.
>>>Recommended Forex Broker: Plus500 - Visit official website<<<

5. Learn to create robust trading strategies

Let's first see what a robust trading strategy is all about. As traders, we know what has happened in the past, but we don't know what will happen in the market tomorrow. That is why we need systems that are well adapted to changing market circumstances.
How can we know systems adapt well to alterations in the spread, prices ...? Simulating those alterations, something like simulating those conditions and seeing how they behave. There are different tests for this such as: Walk Forward test, Montecarlo, and Multimarket.
These tests give us an idea of ​​how robust our created trading system is and give us a reference. Be careful, I said reference, not absolute truth. Then we will test them, our goal is to leave as little space as possible to chance.

6. Best Forex Trading Strategies

You may be wondering how you are going to manage to create profitable strategies and start with all this. Calm down, there are tools for this, but the important thing here is that you know that the strategies that tend to be more stable over time and give better results are:

6.1. Trading strategies with very simple entry and exit criteria

The opposite of what you may have been told. The simpler our Forex trading systems are, the more likely they will continue to work overtime. I have seen this myself and I know it first hand.
Also, which is more likely to stop working, a system based on six indicators or a system based on one or two? That six indicators continue to give results for years and years is not easy. Instead, only one or two are more so. Still, trading systems should always be supervised.

6.2. Systems with a not very high number of operations or trades

Sometimes when we become obsessed with being in the market constantly making gazillions of trades, we are giving our broker money and taking it out of our pocket. More is not better in trading, better is better. This is about getting the most money with the least risk, not giving it to your broker.

6.3. Strategies with a controlled return/risk

You see a strategy, you look at its profit in the last months and years and you are already thinking about connecting it. Error, always look at the return associated with the drawdown. The drawdown of your system is, in short, the maximum consecutive drop it has had. Because it is important? Because if that fall has occurred in the past, it can happen again (and bigger, believe me). Now you may be thinking, what if this happens to me?
Next, I will explain it to you, but first an example of a system that meets all these characteristics (so you can see that it is simpler than it seems:
https://preview.redd.it/cozy880jl9v51.jpg?width=1024&format=pjpg&auto=webp&s=8e14a68538372be8e7ae109d86cd7d132d60fa07
Here more statistics:
https://preview.redd.it/hh5m7saml9v51.jpg?width=997&format=pjpg&auto=webp&s=f1597e3b05350d6fca1ea68ef18004f4340e6a1a

7. Establish connection and disconnection rules for your systems

All methods of trading sound great. The problem is when they start to lose. Some tell you that you have to continue, that the system is the system… But what if the system is stopping working? After all, we live in a changing world and our money is not infinite.
The reality is that many people do not know how to determine when the system is failing or when this happens because they are applying it incorrectly. If you execute the strategies in an automated way you are already saving this, then what you need is a rule to deactivate your strategies at a certain point. To do this, it is enough to monitor them with platforms such as Bluefox or Myfxbook to know what the performance of each is.

8. Diversify in Forex

If we deactivate a Rubén strategy, we stop trading. Not if you activate another that has been doing it well. It is not about you running a Forex trading system or two, it is about having different systems: the best in real and a demo base created that you can include in your real account when you deactivate one because their performance has dropped.
You can diversify by you I frame (temporality time) on assets (currencies) or types of systems (trend, mean reversion ...).
The objective of diversifying is to seek a more stable return, many people do for this is to introduce many systems without more, if you do this you will achieve the opposite, you will be increasing the risk.

9. What currencies to trade on Forex

I recommend that you focus on the majors or major currency pairs, especially if your broker has a high spread, as it is usually lower on these. One of the advantages of automating is that you can scale your trading and do it in different currencies, diversifying as I said before. These are the assets that I have traded in recent months:
https://preview.redd.it/4myzmwlxl9v51.png?width=800&format=png&auto=webp&s=7635d085d2b434e3d3da0420937c245b6cd21339
It starts with being profitable with a few (one or three assets) and as you evolve you can grow your portfolio.

10. Why invest (only) in Forex

I will not be the one to tell you that you should invest in Forex and not in another market. Each one belongs to his father and mother and has its good and not so good things. Of course, one thing is clear, wherever you do it, remember the power of specialization. There are traders who focus on one or two assets and they are profitable. In the end, that's what it's all about, isn't it?
This operation can be extrapolated to different assets such as raw materials, indices and cryptocurrencies. Yes, cryptocurrencies too. In fact, my operations are mainly based on currencies and cryptocurrencies (85% in the first group and 15% in the second). But I have to say that cryptocurrency trading has given me a pleasant surprise this year.
Again, if you are starting, do not do it with many assets or you will saturate yourself. Start step by step and diversify as you evolve. Jack of all trades, master of none.

11. Steps to trade Forex Reddit

If you've gotten this far, it may not be entirely clear to you how the hell I trade, then I'm going to summarize it in steps:
  1. I create statistically profitable trading strategies and verify through tests that they are robust.
  2. I put them on a demo account to make sure they work perfectly.
  3. Once they meet the requirements that I demand of them, I pass them to real.
  4. In real account, I manage my systems connecting and disconnecting them according to their performance (always under objective criteria).

12. How to start trading Forex Reddit as a professional trader (without knowing how to program)

But Rubén, I haven't studied computer science and I'm not particularly good at math. Don't worry if you don't know how to program, it is possible to do all this using tools that will do it for you. For years I have programmed my own systems myself and that's fine, but now I'm concentrating on managing them and getting the most out of them. Do not think that this is the robot that will make you earn millions of euros while you drink the gin and tonic on the beach.
We will read soon with new posts about trading, Forex, cryptocurrencies, platforms ...
Good luck!
To start trading, open an account on Plus500, one of the leading Forex brokers: Click Here
submitted by kayakero to makemoneyforexreddit [link] [comments]

Binary Options Review; Best Binary Options Brokers

Binary Options Review; Best Binary Options Brokers

Binary Options Review; Best Binary Options Brokers
We have compared the best regulated binary options brokers and platforms in May 2020 and created this top list. Every binary options company here has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The broker comparison list below shows which binary trading sites came out on top based on different criteria.
You can put different trading signals into consideration such as using payout (maximum returns), minimum deposit, bonus offers, or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. This review is to ensure traders don't lose money in their trading account.
How to Compare Brokers and Platforms
In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from your country e.g. check US trade requirements if you are in the United States. Here at bitcoinbinaryoptionsreview.com, we have provided all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
  1. What is the Minimum Deposit? (These range from $5 or $10 up to $250)
  2. Are they regulated or licensed, and with which regulator?
  3. Can I open a Demo Account?
  4. Is there a signals service, and is it free?
  5. Can I trade on my mobile phone and is there a mobile app?
  6. Is there a Bonus available for new trader accounts? What are the Terms and
  7. conditions?
  8. Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
  9. Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices, and stocks – and how many of each?
  10. Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of the day, long term, etc?)
  11. How much is the minimum trade size or amount?
  12. What types of options are available? (Touch, Ladder, Boundary, Pairs, etc)
  13. Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
  14. Do they operate a Robot or offer automated trading software?
  15. What is Customer Service like? Do they offer telephone, email and live chat customer support – and in which countries? Do they list direct contact details?
  16. Who has the best payouts or maximum returns? Check the markets you will trade.
The Regulated Binary Brokers
Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.
Regulators - Leading regulatory bodies include:
  • CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
  • FCA – Financial Conduct Authority (UK)
  • CFTC – Commodity Futures Trading Commission (US)
  • FSB – Financial Services Board (South Africa)
  • ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organization. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.
Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.
Bonuses - Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment, or risk-free trade. Whatever the form of a bonus, there are terms and conditions that need to be read.
It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt-out’ of taking a bonus.
Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over-trade’. If the bonus does not suit you, turn it down.
How to Find the Right Broker
But how do you find a good broker? Well, that’s where BitcoinBinaryOptionsReview.com comes in. We assess and evaluate binary options brokers so that traders know exactly what to expect when signing up with them. Our financial experts have more than 20 years of experience in the financial business and have reviewed dozens of brokers.
Being former traders ourselves, we know precisely what you need. That’s why we’ll do our best to provide our readers with the most accurate information. We are one of the leading websites in this area of expertise, with very detailed and thorough analyses of every broker we encounter. You will notice that each aspect of any broker’s offer has a separate article about it, which just goes to show you how seriously we approach each company. This website is your best source of information about binary options brokers and one of your best tools in determining which one of them you want as your link to the binary options market.
Why Use a Binary Options Trading Review?
So, why is all this relevant? As you may already know, it is difficult to fully control things that take place online. There are people who only pose as binary options brokers in order to scam you and disappear with your money. True, most of the brokers we encounter turn out to be legit, but why take unnecessary risks?
Just let us do our job and then check out the results before making any major decisions. All our investigations regarding brokers’ reliability can be seen if you click on our Scam Tab, so give it a go and see how we operate. More detailed scam reports than these are simply impossible to find. However, the most important part of this website can be found if you go to our Brokers Tab.
There you can find extensive analyses of numerous binary options brokers irrespective of your trading strategy. Each company is represented with an all-encompassing review and several other articles dealing with various aspects of their offer. A list containing the very best choices will appear on your screen as you enter our website whose intuitive design will allow you to access all the most important information in real-time.
We will explain minimum deposits, money withdrawals, bonuses, trading platforms, and many more topics down to the smallest detail. Rest assured, this amount of high-quality content dedicated exclusively to trading cannot be found anywhere else. Therefore, visiting us before making any important decisions regarding this type of trading is the best thing to do.
CONCLUSION: Stay ahead of the market, and recover from all kinds of binary options trading loss, including market losses in bitcoin, cryptocurrency, and forex markets too. Send your request via email to - [email protected]
submitted by Babyelijah to u/Babyelijah [link] [comments]

Day Trading University and Trade Company Money

Day Trading University and Trade Company Money
So this one is interesting. A forex trading program that has three "proprietary" indicators that have been producing 90% successful trades for 20+ years. They give you a 30 day demo experience in which you download software, webinars, a coach whom you actually speak with every few days, and other shit. There are even in person events and conferences.
I notice that this system is pitched on numerous websites, but the training is all the same site (https://secureonlinedaytradinguniversity.com/

The one I am in contact with is www.tradecompanymoney.com

They give you a company funded account and you keep 60-80% of the profits depending on which coaching program you choose. These Programs range from $7500-$22,000! Thats not a typo. $22,000! They encourage people to get a loan and damn near guarantee you can pay it off in less than a year, because of all the money you are going to make.

The three indicators are apparently found no where else. They are essentially an algorithmic hack. I posted a picture of what it looks like below. Just a bunch of lines that follow candles during live trading. They literally tell you when to trigger a trade based on their position. They are the Total Number Threshold indicator (TNT), Majors and Minors, and Pressure indicator. I posted a pic of it.

What stands out to me is:

I see no discussions of this on Reddit or anywhere else
They are SOOO Damn expensive compared to all the other scams.
Trade company money's youtube channel has comments disabled. huh?
The software is old 90's microsoft style.

Has anyone else heard of this, or seen a variation of it?


https://preview.redd.it/ifx4xo7evfy41.png?width=1280&format=png&auto=webp&s=e08a51eab926d4cc4e8f2145d49ee8977c32997f
submitted by scartissue101 to Daytrading [link] [comments]

Weekly Update: Blink-and-you-miss Parena, CyberFM suspends On-Air Ads, Intellishare withdrawal announcement, BitForex + Mycro.. – 20 Mar - 26 Mar'20

Weekly Update: Blink-and-you-miss Parena, CyberFM suspends On-Air Ads, Intellishare withdrawal announcement, BitForex + Mycro.. – 20 Mar - 26 Mar'20
Heyo folks! Want to get off the COVID-19 news cycle? Hop onto the Parachute express. Here’s your week at Parachute + partners (20 Mar - 26 Mar'20):

Doc Vic hosted a CoD Mobile Battle Royale in the Parachute War Zone while Alejandro hosted a gun mode flash game followed by a free for all flash game. The PAR4PAR raffle continues too. Get on in the action to win some cool $PAR just for HODLing. Afful held a trivia in TTR for 1k $PAR in prizes per question. While Gamerboy’s history trivia in tiproom was a ton of fun, Charlotte’s math quiz bamboozled everyone. Foo held a blink-and-you-miss Parena this week. Gian’s Two-for-Tuesday was a welcome respite in these testing times with Parachuters invited to post music from their home countries. Sebastian, like always, was a Godsend for setting up a playlist of all the posts. For #wholesomewed, Parachuters looked for "the most ridiculous item for sale of Amazon". Haha!
The wackiest #wholesomewed entries from Streamr, Franklin and Christian (L-R)
Click here to watch this week’s aXpire update video. For the weekly token burn, 20k $AXPR was sent to the Ethereum Genesis Address. 2gether has observed a 236% rise in crypto purchases during the COVID-19 crisis period. Results of these findings were published on Cointelegraph as well as shared in a video by YouTuber Tiziano Tridico. Bounty0x Telegram community members were in for a treat this week. The project partnered with Unstoppable Domains to offer a free .crypto domain to everybody who followed the instructions here. Switch published their latest product update this week. Click here to read about Fantom’s views on regulations and expansion plans in Korea. The latest technical update was published as well. Following the project’s partnership with Band Protocol which was announced last week, the two teams got together for an AMA this week. Plus, congrats on reaching 1Bn staked $FTM! A brand new API was released so that it could keep up with the chain followed by the release of its chain explorer – Fantom Vision. Uptrennd founder Jeff Kirdeikis hosted a community AMA to take feedback on how to improve the platform. Jeff also wrote about the markets and how they have affected Uptrennd amidst the COVID-19 situation. And congrats on the merch shop. Get your Uptrennd gear, folks! Digibyte won the public vote which started last week to select a project for a free free review + marketing package from Uptrennd. The report will be published next week. Entries for the Article of the Month contest ended this week with a public vote to adjudge the best. CyberFM suspended all On-Air advertising this week to be replaced by public service announcements and free advertising for small local businesses.
That is a big jump indeed
Harmony’s #pow thread is a detailed summry of the individual-level work of all team members over the last week. The weekly video digest can be seen here. The crew also conducted a meetup over Zoom this week. Validators, delegators and stakers have their own chat room now as well. The winners of the $ONE trading competition on ViteX started few weeks back were announced this week. Privacy protocol Suterusu partnered with Harmony to add new privacy features to the $ONE blockchain. $ONE got listed on SimpleSwap. Mainnet swap was completed on HitBTC. Did you know it would less than a minute to recover your node after a network hard reset? Check out this video to see for yourself. Plus, a demo of how cheap a transaction can be showed you could do almost a thousand transactions with 1 $ONE. The project also joined hands with several other blockchain companies to contribute computing power for COVID-19 research through BOINC Network. Intellishare announced a deadline (24 Apr’20) with withdraw all funds from their website to prepare for an upgrade. GET Protocol CEO Maarten Bloemers wrote penned his thoughts on the present COVID-19 crisis and how the platform is coping with it. Despite the lockdown, the team’s “spirits” continue to remain high. Get it, get it? Haha. As the Q1 2020 burn report gets close, the community got together to guess the burn amount to win some cool $GET tokens. THE $COTI top management were invited by Cardano this week to talk about payment networks. Following the claim reward option released last week, the unstake option was also made available to stakers on the mainnet wallet starting this week. A new upgrade was made to the transaction distribution algorithm to ensure fair chance to all participating nodes in the network. For the latest project status report, click here. Plus, congratulations on the new funding round. $ETH HODLers, you might want to check your wallets. DoYourTip airdropped 20 $DYT tokens to each wallet that held some ParJar supported tokens this week.
New unstake option in the COTI mainnet wallet
This week’s District0x Dapp Digest had former professional basketball player and founder of DAOhub Auryn Macmillan as an interviewee. The District Weekly covers the last 7 days in the District0xverse. Hydrogen announced an integration with KYC provider Trulioo this week. The project was also mentioned in a Forbes article listing fintechs that were offering free technology in the COVID-19 crisis. Thinking of building a fintech app? The crew explained what it takes to make one in their latest blog post. Crypto chartist Stacking USD announced a partnership with Sentivate where he will be creating curated $SNTVT-focused content. Still haven’t seen Sentivate’s social site? Check out the FAQs to learn more. BitForex partnered with Mycro to have their latest campaign on the Mycro Hunter App. SelfKey joined Blockfolio Signal this week. This allows them to share project updates as notifications with Blockfolio users. How could COVID-19 affect your data security? Read all about it in SelfKey’s latest blog post. Plus, tips for WFH (Work From Home) during the lockdown. WhiteBIT was added to the exchange marketplace this week. The team also answered some FAQs on the $KEY token and tokenomics. Additionally, the team wrote about how China’s Social Credit System would mean for the digital identity ecosystem. KuCoin announced support for Constellation’s $DAG mainnet swap. CEO Ben Jorgensen also shared some updates on the swap and onboarding node operators. Owing to the COVID-19 lockdowns, Wibson crew attended this week’s Ethereum Buenos Aires meetup on Zoom.

And with that, it’s a close for this week at Parachute! See you again with another update. Bye for now!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

USA - TD Ameritrade vs OANDA?

Hello, I am located in the US and have opened a demo account on both Oanda and TD for the past 2 years. I have found both platforms suitable to my needs (fxTrade and ToS), but am confused by all the fine print and am looking for pros and cons of each brokerage?
I use TD for my IRA and at one point another investment account, I like the fact they have physical locations in my area, customer service reps, established company, etc. On the other hand I know Forex trading is just one service they offer (not a primary focus I am sure) and dislike the $2,000 minimum requirement.
I understand Oanda to be a reputable broker with great service, but my primary concern is getting my money out, associated fees, finance charges, etc. I would ideally like to keep withdraw money as I make it (i.e. I make $100, I would like to be able to easily transfer that $100 to my bank account with NO FEEs at anytime).
My plan is to fund an account with $2,000, but I do not want to re-buy in if I lose it all, and in the case with TD if I lose $500, I can no longer trade on margin (I believe). I also do not want to be on the hook for additional money if I lose it all as well. I plan to scalp/swing/day trade (in my demo accounts I think the longest I have held an open position is like 3 hours), and when I trade I do not plan on leaving my computer screen and monitoring my trade in addition to setting limits, so I will hopefully catch myself before I fall too far.
I guess I am looking for anyone's experience (located in the USA), positive and negative, with either or both brokerages.
Thank you.
submitted by SuccessfulCable0 to Forex [link] [comments]

FIBONETIX REVIEW

Overview:

The FX and CFDs broker named FIBONETIX provides Basic, Advanced, Expert, and VIP, a total of four trading accounts. There is an Islamic account as well. The brokerage provider is anonymous. In this FIBONETIX review, we will cover all the factors of this broker. Please follow it completely.

About FIBONETIX:

The trading assets provided by the broker are many and available to trade on many major indexes. The assets provided are crypto-coins, many products, stocks, and more. The Zeus Tech & Trading Group LTD is the sole proprietor of FIBONETIX that is situated in Luxemburg. The operational activities are looked after by a Belizean company with similar initials. The major concern of this broker is its offshore Belizean based nature. The Belizean territory is wrongly famous for a hideout for the scam brokers. FIBONETIX is not licensed and not regulated. The provided leverages are in between 1:100-1:400 and are higher. The website provides zero information about its trading conditions. Also, the broker does not provide a demo account and it is hard to peep into provided trading conditions. The broker does not fail to mention heavy fees and charges applied to the withdrawals.
The payment and withdrawals can be done via all types of cards, bank transfer, and with the help of electronic wallets. The charge of $150 is applied to accounts that have fewer trades. Also, $150 is charged for one month’s inactivity. The monthly service and maintenance fee of 10% is applicable. The financial regulators like ASIC and CSSF have issued warning against this broker for providing trading services in their respective territories. The trading forums are loaded with complaints about FIBONETIX. Our research for FIBONETIX is limited because of its website. The website is very poorly developed and lacks several important information.

Is FIBONETIX scam or legit?

The answer to this question is, yes, the FIBONETIX is a potential scam broker. The trading conditions are not disclosed by this broker. The shown leverages are higher and will not benefit traders. The broker is not licensed and not registered and also has several warnings against it by financial regulators like ASIC and CSSF. It also applies heavy charges and fees to the traders for withdrawals. In short, we are dealing with a forex scam broker.
submitted by fraudbrokers to u/fraudbrokers [link] [comments]

Kuvera GenXT: My personal review (was a part of it for several months so trust me when I say it’s not worth it)

Initial price: $250 USD
Monthly price: $229 USD (gets waived if 3 people STAY on your team)
Compensation plan: earn $500 USD a month if you introduce 12 people, $1000 USD a month if you introduce 40 people, $2000 USD a month if you introduce 100 people. IMPORTANT NOTES:
• these people need to stay in your organization each month, if one leaves you need to recruit another- so the whole residual income (money paid to you each month no matter what) thing is a lie. • if you bring in one person and that person brings 6 others, they all count towards you. (Hence why it’s a pyramid scheme) • your tree has to be “balanced” meaning that one person can only count towards 50% of your volume. For example: if you’re aiming towards the business builder rank (12 people), and you have a star recruiter on your team, only 6 people from that star recruiters team will count towards you. So warning the residual income definitely is not as easy as it looks.
I initially joined because I really wanted to learn how to invest but I didn’t know where to start. I saw one of the bigger leaders post about the opportunity on thier ig so I decided to join. I was really sceptical at first but my “upline” sent me proof it was legit: A+ rating on BBB (which is bs) , a yahoo finance article, and the company was registered with the SEC. Something still seemed fishy but I brushed it aside (dumb idea). From that day on I was told to go to as many different “opportunity” events as possible so I learn how to pitch the idea, and get my 3 people needed for a free membership. At first I really liked it, everyone was friendly and I felt I was doing something good. However, when I started investing I realized how difficult investing was. ALL of thier trading channels that you’re supposed to “copy and paste” alerts from are complete trash. I did everything I was told (place the alert at consistent allocation, don’t be too risky etc) yet I was either losing money or breaking even each week. One week a leader will say “follow this channel it’s really good” the next week you try it it’s trash again. There was no consistency at all which is needed if you actually want to make profits with forex. Moreover the actual forex education was horrible, the kuvera videos were no help and most “traders” weren’t knowledgeable. If you want to learn from am-mature university students, be my guest and join.
The deeper I got in, the more difficult it got. I was told that I had to post everyday on social media because consistency is the key to success (or so they say). I did that for several months and although I got a few people enrolled, many dropped out eventually. I also had a difficult time recruiting because we weren’t supposed to mention the price (because it’ll scare people), and we weren’t supposed to mention kuvera since a quick google search can reveal a lot of negative things. Instead our goal was to just peak people’s interest and get them out to an event or online webinar where one of the leaders explain it in the least sketchiest way possible. Looking back, I spent a LOT of time on social media as well as the “special events” and even though I’m supposed to have more freedom since it’s not a 9-5 job, it was the complete opposite. If I missed an event my up-lines made me feel guilty and bad about skipping. My team eventually grew to many people, and I was told I had to start “being a leader” and leading by example. I was told to go to every event, host my own events, and cold market everywhere. This blew my mind because the whole reason I joined was because I wanted more time to myself, yet I felt I had less and less. I eventually got fed up because there was barely any trading training, so I slowly stopped going. And that, is when I finally got my common sense back :) . I noticed the following:
1.) a lot of the top leaders who preach that they’ve achieved financial freedom are far from the opposite. They’re either struggling with getting their first 3 people and are just faking how it “changed their life”, or they’re at either bb or exec (500-1000) a month which is barely anything compared to if you got a J.O.B.
2.) Nobody mentions their losses during their presentations. When the leader of GenXT (Matt) asks the “team” how much money they made with the system, it’s always the same people. They rotate them and mix it up every now and then but in general it’s the same pitch. If you want an idea of what the system is actually like, ask different people in the room to show you their profits from day one. Not today, not last week but their entire track record.
  1. They want you to “stay close to the fire” and attend as many events and webinars as possible so you stay brainwashed
4.) All of the team culture events (restaurants, basketball games etc) are all there to distract you from the fact that not many people are making profits.
5.) Don’t believe everything you see on social media. They may be posting lavish lifestyles but every single trip they take together (Florida, Mexico etc) was paid individually. The company does not pitch in for anything. We were actually encouraged to go on these random trips because it creates more marketing content and shows people you’re making money.
6.) I noticed a few members were using demo accounts and posting their results on ig which is very misleading. If you see people making $300+ a day and using crazy allocations, just know they either: have a lot of capital, are risking their entire account, or they’re using a demo.
7.) You need A LOT of money to invest into forex in order to make a liveable profit. Either that or you need to be highly skilled, and trust me you won’t learn anything from kuvera.
8.) All the top leaders that make money through residual or forex are literally glued to thier phones. What’s the point of joining something like this and not having a moment of peace? Why not just get a job at least you’ll have weekends in peace.
9.) They talk a lot of shit about jobs but they’re not all that bad. At least you get paid for everything you do, you could put in 100 hours to an mlm and not receive anything in return. And jobs have health benefits, sick days, and sometimes even paid vacations.
10.) If you’re a part of an mlm you’re not a “business owner”. You’re a sales representative for the company.
11.) A lot of the people involved in mlm’s are literal vultures. They’re always looking for people to recruit everywhere they go which is sad.
12.) mlm’s ARE pyramid schemes, they just hide behind a product so they can legally operate.
13.) MLM’s like kuvera sell a dream rather than a product. They claim you can be your own boss, and become financially free just because the distributers see a few big leaders living that way. There are countless webinars and training sessions that motivate you to keep going and never give up, because the people at the top depend on the people at the bottom. The whole point of creating a team culture, is to make sure that people continue to have the right “mindset”, and to make sure their people do too. Because duplication is the most effective way to create strong recruiters. And although it is possible to make lots of money if you’re good at selling, the entire mlm system is flawed. You could be making loads of money from recruits, but at the expense of potentially hurting a lot of the people you bring in. After all, if no one pays the monthly fee, the company would not be able to pay their distributers.
Some of you may be reading this and thinking I’m pretty stupid for falling for a scheme like this, and you’re right. I lost more than $1500 just from paying the monthly fees but I kept going because my uplines convinced me that it took one of the biggest leaders (rakan khalifa) a year before he made it to his rank. It took me a long time to even find the courage to quit because everyone knew I was in it. I didn’t want to make it seem like I gave up because it was embarrassing. But I’m glad I did. If you’re a part of it right now the best thing to do is walk away, but ofc the choice is up to you.
submitted by Anonyorku57 to yorku [link] [comments]

Stock Market Education

NEED FINANCIAL FREEDOM? Call:0765474867 or 011 026 0082 or WhatsApp: 0765474867 email: [email protected]
TIRED of trying to balance your BUDGET? Or Worrying about your RETIREMENT 🙈🙈 Or TIRED of constantly having to staying home for holidays?
TIRED of..............????
🤑Look out for Prosperity!!🤑🤑
💥💥Increase Your Income!! 💥
WITH MULTIPLE STREAMS OF INCOME
How certain are you that YOU WILL BE ABLE TO GENUINELY SECURE YOUR DREAMS & GOAL'S?? And OR The FUTURE &/or LEGACY WITH YOUR set or slightly variable CURRENT INCOME ???
IF NOT .. with 1OO% CERTAINTY...
💃💃WE CAN HELP YOU! 💃💃
Everyone wants to make enough money with the rapid rising of living costs. No one has any control over it.
BUT unfortunately only a very few people are willing to Take Action and do something about their situation.
We COMPLETELY understand this for the majority of people. ONLY a small minority group will elevate to top and create multiple streams of income.
THAT’S not for everyone but for good FINANCIAL decisionmakers ONLY.
Our Main Objectives are to teach people, like yourself ,how to make money, every day & every month by day trading shares on the stock markets. (National & Internationally)
WHAT YOU WILL RECEIVE: * You will receive Trade ideas daily. The Trade ideas will advise you in which company/companies to invest for the day. It will give the BUYING/SELLING price as well as a Stop Loss to ensure your RISK is limited. * You will receive ALL classes via the brokers. This will be one on one, and/or Webinars, and/or Stream It, and/or Skype and many other routes as you and broker will determine. * Full ongoing support , backup, classes, various trading platforms. * Experimentation with a personal Demo trading account to ensure you are safe before Trading Live with your own money. * Connecting you to our trading group sessions through our Facebook Group &/or SKYPE etc. * Ongoing Training on Fundamental & Technical and all other analysis you need for Trading to assist you making correct decisions.
This is a proven successful opportunity to allow your money to start working for you!!!!
Who is the best person to be in charge of your money? YOU!!!
💸💸 Boost your income! 💸💸
Create another stream of income!
You can trade in JSE, BITCOIN, FOREX, Commodities, Crypto currencies, National & International Stock Markets and more...
DON’T HESITATE...........
Call or WhatsApp me TODAY to set an appointment for a obligation FREE presentation via personal contact with our well equipped consultants or Skype presentation or via Telephonically.
Seeing forward to hearing from you.
Kind regards, Belinda Le Roux Sales & Marketing Manager Cell: 0761152916 WhatsApp:0765474867 Email: [email protected] or [email protected]
submitted by Gabisile2010 to u/Gabisile2010 [link] [comments]

How to get started in Forex - A comprehensive guide for newbies

Almost every day people come to this subreddit asking the same basic questions over and over again. I've put this guide together to point you in the right direction and help you get started on your forex journey.

A quick background on me before you ask: My name is Bob, I'm based out of western Canada. I started my forex journey back in January 2018 and am still learning. However I am trading live, not on demo accounts. I also code my own EA's. I not certified, licensed, insured, or even remotely qualified as a professional in the finance industry. Nothing I say constitutes financial advice. Take what I'm saying with a grain of salt, but everything I've outlined below is a synopsis of some tough lessons I've learned over the last year of being in this business.

LET'S GET SOME UNPLEASANTNESS OUT OF THE WAY

I'm going to call you stupid. I'm also going to call you dumb. I'm going to call you many other things. I do this because odds are, you are stupid, foolish,and just asking to have your money taken away. Welcome to the 95% of retail traders. Perhaps uneducated or uninformed are better phrases, but I've never been a big proponent of being politically correct.

Want to get out of the 95% and join the 5% of us who actually make money doing this? Put your grown up pants on, buck up, and don't give me any of this pc "This is hurting my feelings so I'm not going to listen to you" bullshit that the world has been moving towards.

Let's rip the bandage off quickly on this point - the world does not give a fuck about you. At one point maybe it did, it was this amazing vision nicknamed the American Dream. It died an agonizing, horrible death at the hand of capitalists and entrepreneurs. The world today revolves around money. Your money, my money, everybody's money. People want to take your money to add it to theirs. They don't give a fuck if it forces you out on the street and your family has to live in cardboard box. The world just stopped caring in general. It sucks, but it's the way the world works now. Welcome to the new world order. It's called Capitalism.

And here comes the next hard truth that you will need to accept - Forex is a cruel bitch of a mistress. She will hurt you. She will torment you. She will give you nightmares. She will keep you awake at night. And then she will tease you with a glimmer of hope to lure you into a false sense of security before she then guts you like a fish and shows you what your insides look like. This statement applies to all trading markets - they are cruel, ruthless, and not for the weak minded.

The sooner you accept these truths, the sooner you will become profitable. Don't accept it? That's fine. Don't bother reading any further. If I've offended you I don't give a fuck. You can run back home and hide under your bed. The world doesn't care and neither do I.

For what it's worth - I am not normally an major condescending asshole like the above paragraphs would suggest. In fact, if you look through my posts on this subreddit you will see I am actually quite helpful most of the time to many people who come here. But I need you to really understand that Forex is not for most people. It will make you cry. And if the markets themselves don't do it, the people in the markets will.

LESSON 1 - LEARN THE BASICS

Save yourself and everybody here a bunch of time - learn the basics of forex. You can learn the basics for free - BabyPips has one of the best free courses online which explains what exactly forex is, how it works, different strategies and methods of how to approach trading, and many other amazing topics.

You can access the BabyPips course by clicking this link: https://www.babypips.com/learn/forex

Do EVERY course in the School of Pipsology. It's free, it's comprehensive, and it will save you from a lot of trouble. It also has the added benefit of preventing you from looking foolish and uneducated when you come here asking for help if you already know this stuff.

If you still have questions about how forex works, please see the FREE RESOURCES links on the /Forex FAQ which can be found here: https://www.reddit.com/Forex/wiki/index

Quiz Time
Answer these questions truthfully to yourself:

-What is the difference between a market order, a stop order, and a limit order?
-How do you draw a support/resistance line? (Demonstrate it to yourself)
-What is the difference between MACD, RSI, and Stochastic indicators?
-What is fundamental analysis and how does it differ from technical analysis and price action trading?
-True or False: It's better to have a broker who gives you 500:1 margin instead of 50:1 margin. Be able to justify your reasoning.

If you don't know to answer to any of these questions, then you aren't ready to move on. Go back to the School of Pipsology linked above and do it all again.

If you can answer these questions without having to refer to any kind of reference then congratulations, you are ready to move past being a forex newbie and are ready to dive into the wonderful world of currency trading! Move onto Lesson 2 below.

LESSON 2 - RANDOM STRANGERS ARE NOT GOING TO HELP YOU GET RICH IN FOREX

This may come as a bit of a shock to you, but that random stranger on instagram who is posting about how he is killing it on forex is not trying to insprire you to greatness. He's also not trying to help you. He's also not trying to teach you how to attain financial freedom.

99.99999% of people posting about wanting to help you become rich in forex are LYING TO YOU.

Why would such nice, polite people do such a thing? Because THEY ARE TRYING TO PROFIT FROM YOUR STUPIDITY.

Plain and simple. Here's just a few ways these "experts" and "gurus" profit from you:


These are just a few examples. The reality is that very few people make it big in forex or any kind of trading. If somebody is trying to sell you the dream, they are essentially a magician - making you look the other way while they snatch your wallet and clean you out.

Additionally, on the topic of fund managers - legitimate fund managers will be certified, licensed, and insured. Ask them for proof of those 3 things. What they typically look like are:

If you are talking to a fund manager and they are insisting they have all of these, get a copy of their verification documents and lookup their licenses on the directories of the issuers to verify they are valid. If they are, then at least you are talking to somebody who seems to have their shit together and is doing investment management and trading as a professional and you are at least partially protected when the shit hits the fan.


LESSON 3 - UNDERSTAND YOUR RISK

Many people jump into Forex, drop $2000 into a broker account and start trading 1 lot orders because they signed up with a broker thinking they will get rich because they were given 500:1 margin and can risk it all on each trade. Worst-case scenario you lose your account, best case scenario you become a millionaire very quickly. Seems like a pretty good gamble right? You are dead wrong.

As a new trader, you should never risk more than 1% of your account balance on a trade. If you have some experience and are confident and doing well, then it's perfectly natural to risk 2-3% of your account per trade. Anybody who risks more than 4-5% of their account on a single trade deserves to blow their account. At that point you aren't trading, you are gambling. Don't pretend you are a trader when really you are just putting everything on red and hoping the roulette ball lands in the right spot. It's stupid and reckless and going to screw you very quickly.

Let's do some math here:

You put $2,000 into your trading account.
Risking 1% means you are willing to lose $20 per trade. That means you are going to be trading micro lots, or 0.01 lots most likely ($0.10/pip). At that level you can have a trade stop loss at -200 pips and only lose $20. It's the best starting point for anybody. Additionally, if you SL 20 trades in a row you are only down $200 (or 10% of your account) which isn't that difficult to recover from.
Risking 3% means you are willing to lose $60 per trade. You could do mini lots at this point, which is 0.1 lots (or $1/pip). Let's say you SL on 20 trades in a row. You've just lost $1,200 or 60% of your account. Even veteran traders will go through periods of repeat SL'ing, you are not a special snowflake and are not immune to periods of major drawdown.
Risking 5% means you are willing to lose $100 per trade. SL 20 trades in a row, your account is blown. As Red Foreman would call it - Good job dumbass.

Never risk more than 1% of your account on any trade until you can show that you are either consistently breaking even or making a profit. By consistently, I mean 200 trades minimum. You do 200 trades over a period of time and either break-even or make a profit, then you should be alright to increase your risk.

Unfortunately, this is where many retail traders get greedy and blow it. They will do 10 trades and hit their profit target on 9 of them. They will start seeing huge piles of money in their future and get greedy. They will start taking more risk on their trades than their account can handle.

200 trades of break-even or profitable performance risking 1% per trade. Don't even think about increasing your risk tolerance until you do it. When you get to this point, increase you risk to 2%. Do 1,000 trades at this level and show break-even or profit. If you blow your account, go back down to 1% until you can figure out what the hell you did differently or wrong, fix your strategy, and try again.

Once you clear 1,000 trades at 2%, it's really up to you if you want to increase your risk. I don't recommend it. Even 2% is bordering on gambling to be honest.


LESSON 4 - THE 500 PIP DRAWDOWN RULE

This is a rule I created for myself and it's a great way to help protect your account from blowing.

Sometimes the market goes insane. Like really insane. Insane to the point that your broker can't keep up and they can't hold your orders to the SL and TP levels you specified. They will try, but during a flash crash like we had at the start of January 2019 the rules can sometimes go flying out the window on account of the trading servers being unable to keep up with all the shit that's hitting the fan.

Because of this I live by a rule I call the 500 Pip Drawdown Rule and it's really quite simple - Have enough funds in your account to cover a 500 pip drawdown on your largest open trade. I don't care if you set a SL of -50 pips. During a flash crash that shit sometimes just breaks.

So let's use an example - you open a 0.1 lot short order on USDCAD and set the SL to 50 pips (so you'd only lose $50 if you hit stoploss). An hour later Trump makes some absurd announcement which causes a massive fundamental event on the market. A flash crash happens and over the course of the next few minutes USDCAD spikes up 500 pips, your broker is struggling to keep shit under control and your order slips through the cracks. By the time your broker is able to clear the backlog of orders and activity, your order closes out at 500 pips in the red. You just lost $500 when you intended initially to only risk $50.

It gets kinda scary if you are dealing with whole lot orders. A single order with a 500 pip drawdown is $5,000 gone in an instant. That will decimate many trader accounts.

Remember my statements above about Forex being a cruel bitch of a mistress? I wasn't kidding.

Granted - the above scenario is very rare to actually happen. But glitches to happen from time to time. Broker servers go offline. Weird shit happens which sets off a fundamental shift. Lots of stuff can break your account very quickly if you aren't using proper risk management.


LESSON 5 - UNDERSTAND DIFFERENT TRADING METHODOLOGIES

Generally speaking, there are 3 trading methodologies that traders employ. It's important to figure out what method you intend to use before asking for help. Each has their pros and cons, and you can combine them in a somewhat hybrid methodology but that introduces challenges as well.

In a nutshell:

Now you may be thinking that you want to be a a price action trader - you should still learn the principles and concepts behind TA and FA. Same if you are planning to be a technical trader - you should learn about price action and fundamental analysis. More knowledge is better, always.

With regards to technical analysis, you need to really understand what the different indicators are tell you. It's very easy to misinterpret what an indicator is telling you, which causes you to make a bad trade and lose money. It's also important to understand that every indicator can be tuned to your personal preferences.

You might find, for example, that using Bollinger Bands with the normal 20 period SMA close, 2 standard deviation is not effective for how you look at the chart, but changing that to say a 20 period EMA average price, 1 standard deviation bollinger band indicator could give you significantly more insight.


LESSON 6 - TIMEFRAMES MATTER

Understanding the differences in which timeframes you trade on will make or break your chosen strategy. Some strategies work really well on Daily timeframes (i.e. Ichimoku) but they fall flat on their face if you use them on 1H timeframes, for example.

There is no right or wrong answer on what timeframe is best to trade on. Generally speaking however, there are 2 things to consider:


If you are a total newbie to forex, I suggest you don't trade on anything shorter than the 1H timeframe when you are first learning. Trading on higher timeframes tends to be much more forgiving and profitable per trade. Scalping is a delicate art and requires finesse and can be very challenging when you are first starting out.


LESSON 7 - AUTOBOTS...ROLL OUT!

Yeah...I'm a geek and grew up with the Transformers franchise decades before Michael Bay came along. Deal with it.

Forex bots are called EA's (Expert Advisors). They can be wonderous and devastating at the same time. /Forex is not really the best place to get help with them. That is what /algotrading is useful for. However some of us that lurk on /Forex code EA's and will try to assist when we can.

Anybody can learn to code an EA. But just like how 95% of retail traders fail, I would estimate the same is true for forex bots. Either the strategy doesn't work, the code is buggy, or many other reasons can cause EA's to fail. Because EA's can often times run up hundreds of orders in a very quick period of time, it's critical that you test them repeatedly before letting them lose on a live trading account so they don't blow your account to pieces. You have been warned.

If you want to learn how to code an EA, I suggest you start with MQL. It's a programming language which can be directly interpretted by Meta Trader. The Meta Trader terminal client even gives you a built in IDE for coding EA's in MQL. The downside is it can be buggy and glitchy and caused many frustrating hours of work to figure out what is wrong.

If you don't want to learn MQL, you can code an EA up in just about any programming language. Python is really popular for forex bots for some reason. But that doesn't mean you couldn't do it in something like C++ or Java or hell even something more unusual like JQuery if you really wanted.

I'm not going to get into the finer details of how to code EA's, there are some amazing guides out there. Just be careful with them. They can be your best friend and at the same time also your worst enemy when it comes to forex.

One final note on EA's - don't buy them. Ever. Let me put this into perspective - I create an EA which is literally producing money for me automatically 24/5. If it really is a good EA which is profitable, there is no way in hell I'm selling it. I'm keeping it to myself to make a fortune off of. EA's that are for sale will not work, will blow your account, and the developer who coded it will tell you that's too darn bad but no refunds. Don't ever buy an EA from anybody.

LESSON 8 - BRING ON THE HATERS

You are going to find that this subreddit is frequented by trolls. Some of them will get really nasty. Some of them will threaten you. Some of them will just make you miserable. It's the price you pay for admission to the /Forex club.

If you can't handle it, then I suggest you don't post here. Find a more newbie-friendly site. It sucks, but it's reality.

We often refer to trolls on this subreddit as shitcunts. That's your word of the day. Learn it, love it. Shitcunts.


YOU MADE IT, WELCOME TO FOREX!

If you've made it through all of the above and aren't cringing or getting scared, then welcome aboard the forex train! You will fit in nicely here. Ask your questions and the non-shitcunts of our little corner of reddit will try to help you.

Assuming this post doesn't get nuked and I don't get banned for it, I'll add more lessons to this post over time. Lessons I intend to add in the future:
If there is something else you feel should be included please drop a comment and I'll add it to the above list of pending topics.

Cheers,

Bob



submitted by wafflestation to Forex [link] [comments]

Can I make a living trading forex?

Yes, of course!
Forex is a place where traders can speculate and earn money on price movement. Forex is a job absolutely the same as other jobs, IMHO.
Let’s compare Forex trader with cashier in the store, bank employee, and forwarder in a logistics company: 1581503504741.png Beginner who wants to work as a cashier will have to learn how to use cash machine, count money and customer communication, only 3 main functions. It will take not more than 1-2 weeks to become good cashier in a store. It will bring money for living. Beginner who wants to become bank worker will have to be familiar with financial sphere, probably pass banking courses, work with specific computer programs, be ready to communicate with customers, and work with money. Become good bank employee will take some weeks. The higher position in the bank, more need to learn and know. It also will bring money for living. Beginner who wants to be a forwarder in a logistics company, will have to do more functions. As minimum need to learn information from Internet or pass some courses – to understand how logistics works, etc. Then it is necessary to start communicating with customers, offer good services conditions, provide specific information about cargo, documentation and so on. It will take some months to become advanced worker in this profession. It will bring money for living as well. FOREX – Beginners who want to become successful Forex traders and earn money for living will have to: MAIN rule – don’t expect that Forex will bring you profit when you start trading, so you have to get somewhere money for living, while you are learning Forex and reach the point when Forex brings you amount of money that is comfortable for living. learn Forex information by their own, searching it in Internet, watch some courses, or visit a local city Forex courses. Everyone choose his or her own learning method. Practice trading on Forex terminal that you chose. I recommend to practice on demo account, so you could increase your trading skills and experience without spending money. Find or build your trading method that will have loss-profit ratio as minimum 1:1+, so you could get more profit rather than loss. After you reach the aim for getting more profit than loss, you move to real account and start trading. Strictly follow your trading strategy rules, don’t trade on emotions, and control money management. In a result Forex trading will bring you profit for living.
All you need to know about Forex Trading Signals check this out:- https://www.top10tradingplatforms.com/forex-signals/
Some traders are fast learners and start trading Fore after several months, but some learn slowly and it can take years. Don’t give up, and always go forward.
You can see now that any job you would do, need to learn, and every profession need different information and time for learning. In any profession you will earn money for living.
So, Forex can also bring you profit for living, everything depends on you.
Wish you to be independent Forex trader!
Dorrow Green
submitted by Rohitpure to u/Rohitpure [link] [comments]

List of 5 Best Forex Trading Robots

List of 5 Best Forex Trading Robots
On a popular forex robot review resource from a large group of traders from around the world, an experienced team of real professionals introduced to the traders a collection of five robots that are the best and provide users with the widest functionality for easy Forex trading. Robots need a remote server (computer) that operates around the clock and has a permanent Internet connection. It should be borne in mind that not all consultants are profitable. There are many restrictions on their work; most novice traders do not want to invest in the purchase of consultants.

https://preview.redd.it/45x66xhkxpc41.png?width=933&format=png&auto=webp&s=dfdfc206b57ce675e828fea684e7a6cf17f29cb9
Our specialists have compiled a list of 5 Expert Advisors that give traders the highest opportunities to find the best robots that are available to work on Forex, a list of 5 best Expert Advisors that the most experienced traders use and receive solid financial resources.
The list of 5 robots, to facilitate the work of traders in the Forex market has been drawn up for a long time, during all this period the principles of functioning of the ten most versatile, optimal robots for comfortable trading on Forex were carefully studied, and here our experienced specialists made and showed the traders a list of 5 the most popular, most effective, functional robots –
  • RoFX,
  • inControl Reborn
  • Forex Fury
  • Rob Booker Robots
  • FXAdept EA, Which are presented on our site.
All 5 robots are considered to be the most functional and popular among traders all over the world. On our site you can find detailed information about these software complexes, which also have reviews from leading companies and traders that are available for your analysis and which contain thousands of exciting user reviews.
Our list includes the top 5 best Forex Trading Advisors, which are the most optimal automated programs that save the trader from serious inconvenience: the need to constantly monitor the trading process, stay on hold and observe the dynamics of currency quotes. It must be said that the use of commercial robots significantly reduces the nervous load on the trader and significantly reduces the number of errors.
The main advantage of sales consultants is that they have a well-defined algorithm that works well. You can define your own ideas by using an algorithm that is further implemented in practical currency trading. Commercial transactions used in the foreign exchange market can be automatic or semi-automatic. It is not difficult to guess that in the first case, the operation goes into automatic mode, which prevents the trader from interfering with the reconciliation process and relies on a previously written algorithm.
However, this does not absolve you of the obligation to set the robot into operating mode as a financial instrument. In addition, the Forex trading robot must be updated periodically to adapt to changing market conditions. When it comes to semi-automatic consultants, they are more helpful to the trader as the final decision is still up to him. However, a commercial robot does the basic job for humans: it performs mathematical calculations, analyzes the market, and provides recommendations at the right time to enter and exit the trading floor.
Imagine you do not have Internet access. At this point, an automated consultant can successfully act for you. All you have to do is give clear instructions and start trading. You can view the work of an expert assistant on a demo account Forex online without risking your own money, and get detailed information on the effectiveness of the consultant.
In our list, you can choose among the auto trading consultants the most efficient system that fully meets all your requirements and expectations. It should be noted that mathematical systems use calculations and conduct various trading operations in ways that do not take into account the dynamics of currency price changes. These experts include equalization systems. Technical systems include algorithms that work with charts, metrics, and technical analysis that are required to conduct trading operations effectively. Combined advisers, in turn, do not exclude mathematical probabilities and depend on technical analysis.
submitted by fxroboreview to u/fxroboreview [link] [comments]

Top 10 best Forex brokers in the world

Top 10 best Forex brokers in the world:

The success of Foreign exchange traders depends to a large extent on such qualities: dedication, perseverance, analytical thinking, self-discipline, enterprising, calm and calm. But in addition to these personal qualities and professional qualities, the profit of the trader depends on the partner they choose.

You mayLike this too

What is Forex Economic Calendar

USD CHF Technical Analysis

What is Forex Trading in Urdu / Hindi

Which broker?

XM broker review – ansarionline

Forex trading questions and answers in urdu/hindi

What is an Online Forex Broker?

An online foreign exchange broker is a company (Brokerage firm) that deals with buyers and sellers, and the broker receives a process. In other words, it acts as an intermediary between the two parties in the purchase / sale transaction. And commissions as a profit for its services takes.
Here’s a list of the best online Forex brokers in the world.You can work with them because of the good reviews.
1.Superforex
📷
📷Super Forex provides access to all the major trading platforms in the world. Our customers can benefit from a short forex training course by opening a free demo account and learning the fundamentals of managing their funds in the Foreign Exchange (FX) market.
submitted by Ansarionline to u/Ansarionline [link] [comments]

Does Olymp Trade is best app for Binary or Forex trading?

First of all, I think it is important to clarify that Olymp Trade is NOT a binary options platform! It is a Digital Options platform, there is a bit difference between the types of tradings. Also, Olymp Trade has a forex platform-app, so, in total, 2 platforms-apps for trading. I have been trading with them for more than one year and a half, and I really like the apps! It is very easy to use and understand the tools and the graph. So, my answer is, Olymp Trade is the best company for trading Digital Options an Forex! I can assure that, considering that since I started, I am making a really good profit. Besides having a great app, they also offer many training materials and webinars for beginners, as well as for experienced traders. Another positive point about the platforms, is that both have free demo accounts, in which you can make trainings of your trading strategies.
UpForex Presenting US100 NO Deposit Bonus available for the fresh clients that register for the promotion till it is valid. Take the opportunity to test Live Forex Trading as well as the UpForex Broker. Apply now and trade with the 100 Welcome Bonus to start to explore the trading services now!
submitted by Rohitpure to u/Rohitpure [link] [comments]

It all starts with a random phone call...

The job? I cold called Nigerians and South Africans, convince them to open a CFD trading account with up to 1:400 leverage and make them deposit as much money as possible. Now, a bit of background;
This was happening in Sofia, Bulgaria and as much as I know, still does. The poorest country in the EU. Average monthly salary is $700, average monthly pension is around $180. Imagine a low budget version of the shittiest boiler room movie you can recall. You are not even close. A Turkish prison looks much better. Not even a cubicle. A table, and as much people sitting on, below, around it, etc. So, you are calling those people and you chase them 8 hours a day, with the sole purpose of taking their money. Lying is okay, no regulation, dialing through a VPN, using stage names. Now, the people who worked there were mostly young people, quite stupid to be honest.But really, really manipulative, deceiving, sneaky, stone cold liars. In my working docs, it said I was a "marketing specialist". In the actual company though, you are either "sales" or "retention". The sales agent must close the lead, gets a deal on the board and passes it to the Retention agent. And the madness begins. CFD`s are banned in the US, so those types of companies work with the rest of the world. For the last 8 years, South Africa, Italy, Germany, UK and Spain are the biggest markets.
So, fast forward,a few months pass and I end up being a Retention agent. On my second day there, the boss comes out and says the Top10 salaries in the department. At this point of my life, I though $1500 is an amazing salary, considering the average is 7$00.
"$46 000, Mr.X" "$35 000, Mr.Y" Etc... Umm. What? So how you make so much money? Once you get a lead, your job is to tear him/her apart. Lie, manipulate, build chemistry, build solid KYC, promise the world, scam and take every last penny of the poor soul. 95% of the First Time Deposits are below the $500 mark. Then the retention agent makes sure to throw the poor soul in the ocean of CFDs. One thing amazes me quite a lot. Most of the people who open accounts are genuinely stupid, some are totally broke. The company wasnt regulated, there were like 250 comments in forums that we are scammers, but people still joined.
"But I read in the web that you are not regulated and you will steal my money"
"If I write an article that you are a gay, would this be true?"
Boom. That easy. Throughout my whole career I have literally seen amazing stuff ...a person saying "no" for 10 minutes straight. Then he deposited Grown ass men, being screamed at like they`re in 2nd grade. A guy from Nigeria, used to scream while depositing and losing $75 000.
He claimed he was the Tiger of Forex. Lost a bit more than $800 000.
Depositing and losing. The retention agent`s commission was based on the net amount of deposits and withdrawals of your portfolio. Depending on the money you had brought, the commission was between 3% and 8.3%. Different bonus accelerators, bonuses for trading volumes, spread generated, incentives, etc. The best agents brought between 350k/700k a month. Once again, almost nobody from the whole department knew anything about the financial markets. But once you get a lead who has no clue what is going on, you paint the picture.
When you can make a few hundred percent gain in a day... Why not? Literally can not go tits up.
We called the clients and the show began. Exposing their accounts on a 100%, calling them for more money when the margin went down, we educated them! You will be amazed, how a man can believe a voice in the phone more than he can trust his eyes and own mind. From day 1, you see what kind of a person you are dealing with. Some go massive yolo. Some open one trade a week. Some literally spend 18 hours a day, losing since the beginning. So, in a way,as an ex gambler I started to feel bad. Seen so many depleted credit cards, broken lives, it really put me in perspective. Yeah, money was good for a 22 year old. Seeing a few guys who were making upper 6 digits was quite motivating. Eventually I could not take it. I know how it feels, being a gambler. So, as I saw both sides of the coin
Took a break and a few years later I began working in a regulated company. But the job is still the same. I just can not lie... a lot : ). But I noticed something else. Now I am actually trying to help the clients. I don`t pitch them for more money. I am trying to really help. Literally telling them and warning them about everything that can go bad. Most folks now do not really want to speak with me, because they think I want to screw them (cant blame them) And somehow I reach the company target, while browsing reddit, smoking a pack a day, scratching my balls and going yolo on a demo account :) My question is: Should I leave my portfolio alone and see how much people will lose? Should I actually pitch them and chase their money and make more commission for me? Or should I continue trying to actually help them make money, but clearly waste my time?
PS: yolo, buy #vxxb (already inverted)
submitted by samgold13 to wallstreetbets [link] [comments]

IQ Option Account Verification Process

IQ Option Account Verification Process

IQ Option Account Verification Process

IQ options trading has become the most popular nowadays. The first binary options were introduced by banks in 2008 and then online forex brokers started offering binary options to the public.
IQ Option Trading is a very enormous platform for investing in virtual currencies and IQ Option is widely spreading platform for itself moreover it is producing a large amount of money in a minimum amount of investment.
IQ Option Trading is now offering clients to trade Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Exchange Traded Funds (ETFs), Forex, and a range of various digital options.
As pragmatic currencies are being so popular and beneficial so in consequence that is remarkably boosting trades.
In the upcoming years, this will produce more IQ Option Traders.

https://preview.redd.it/ekh4fuk8oyi31.png?width=1000&format=png&auto=webp&s=15063d58d5e84b649fdd67bc3f26d5f72b987182

What is the minimum investment in IQ option?

IQ Option allows you to start trading binary options with only $10 and the lowest minimum deposit among various binary options brokers Some other brokers necessitate you to deposit you at least $100, $250 or even higher, depending on account type.
This trading allows opening an account from some different options which are completely based on the choices and requirements of the buyers.
Types of the IQ Option Trading Account:
• Demo Account
• Standard Account
• VIP Account

Opening an IQ Option Account and verification process:

Opening a new IQ Account is very easy, we are here to guiding you how you can start trading.
It is a simple process. For opening an account you have to be of legal age. Before getting started you should make sure that you belong to the eligible country.
IQ Option does not serve in many countries you can find the detailed list of the countries in which IQ option serves on their official website.

Once you complete the eligibility process you can proceed with creating your account with IQ Option. You can register yourself with your own personal emails as well as your company’s email ID if you are an agency.
After completing registration the next step will be verifying your Identity. Usually, traders find this account verification process frustrating and time-consuming, but trust me it worth it.
IQ Option ensures safe endeavour of its traders. This Verification process help IQ Option in knowing that no one else is using your account and the person is an actually a human, not a spammer.
This verification process is for one time, you need to prove your identity once, it will help you by preventing you from getting into any kind of fraud or trap.

Here you are three steps far from opening your trading account:

Step 1. Identity verification:
This first step needs to verify your identity and for this, you must provide one document.
For completing this process you can submit a scanned copy or a photo of your passport, ID card or a Driving License.
If you are using your passport it should be scanned from the front side where your photograph is displayed and if you are using Identity card or driving licence scan them from both front and backside.
Note: Make sure the document you are providing for verification has a clear photo and should not be expired
Step 2. Address verification
To verify your address or residence. You have to provide a scanned copy or with the photo of any of the following documents issued in your name.
This verification needs your name with your address also this can not be older than 6 months, whichever document you will take for address verification must contain an issued company or banks logo on itself.
For confirming your address you can choose followings:
• Statement for a bank account or credit card account
• Bill for utility services( electricity, telephone, water and other)
• Document from the municipality confirming your address with an official stamp
• Tax statement.
Step 3. Bank card verification
To prove your ownership of your bank account documents you must use a card which you use for your transaction. Requirements for providing a card. The card must contain your name.
Note: your card must be scanned from both back and front sides. Your card contains your name and you should obscure the CVV and six digits from the card.
All steps for verification of your Trading Account are easy. This is one of the requirements set by CySEC, IQ Options main regulator. Still, some traders find this process time consuming but this is necessary also, it prevents money laundering.
If you wish to start trading in binary options you must verify IQ Option Trading Account.
submitted by binarycount to u/binarycount [link] [comments]

IQ Option is looking for Introducing Brokers

Every one, hello.
What is Introducing Broker?
IQ Option|IB is a cooperation model designed to remunerate participants for IQ Option platform popularization.
Limitless earning opportunities.
IBs are getting paid a commission based on the profit generated by traders they introduce to our platform. There are no limits on the number of trader accounts, trading volumes or marketing techniques. You can get up to 45% of brokers profit.
Working with IQ Option IB is a piece of cake!
We have gathered everything an introducer might ever need:
IQ Option is a platform that sells itself.
It boasts a wide choice of trading instruments and a single account to trade them all:
What your traders will get:
IB program is designed for individuals and companies operating in fields of:
Getting started is quick and easy, requires no upfront investment, complex integration or deep KYC.
Just leave us an application with a short description of your introducing strategy, preferable way of cooperation and we will get in touch with you shortly.
Sign up today!
IQ Option | IB
submitted by True_Soullah to IQOptionIB [link] [comments]

main trading company

main trading company

We created this website to bring together all the tools and services you’ll need to start trading for real. If you want to start taking advantage of the markets now, without having to become an expert, our free trading signal. Whatever you’re looking for, you’ll find it with us.
Here you’ll learn the basic terminology to be a successful Forex trader. To begin learning Forex, you’ll need to have a good grasp on the basic definitions, rules and terms used by professional traders. At first, this can sound daunting but after we spell out the fundamentals, it will become clearer and you’ll be on your way to becoming a Forex trader. We will cover terms, such as; base currency, the quote currency, micro lots, mini lots, standard lots, long position, short position, pips, spread, margin and many more.
Someone who is using more than 10% of the whole equity into a trading session is probably not having a good money management strategy. Because you should always trade safe and also because the market may turn back on you and you would find yourself in a big margin problem. With good risk management, having 10% of your account invested can bring consistent returns with no problems.

Profit Rate :

Some traders can’t make 10% per year. Others can safely and consistently make 30% per month and they are not afraid to show their verified performance as a solid proof of what they offer. While taking into consideration a proper risk and money management, you should never aim to make millions in one week with a small account because that would probably mean hitting margin call. Just remember: a good strategy and analysis will always bring profits. And if at the end of the month you have only 1% profit, that means you don’t have -1% loss.

Choosing the Best Forex Broker :

In order to start trading Forex, you will need to find the right online Forex broker for you with the cash rebate program. It’s important to find the right Forex broker for your trading needs according to several important criteria, such as security, customer service, trading platform, transaction costs, live quotes and more. While reading our guide on how to choose the best FOREX BROKERS.

Forex for free :

Most Forex brokers offer many free options, services, tips and information to help you trade better. Real-time charts and news, help guides, and blogs help you understand and learn about the market in real time. There are also many “demo” accounts to try the market before putting in real money.

Why Trade Forex?

The Forex market is fast becoming the most attractive and popular market in the world. The traditional stock is no longer relevant and traders are moving fast into the Forex. We collected here a few reasons to show you why this is happening and what advantages the Forex market has to make is so popular.
We choose to focus on a few very important advantages of the Forex trading and the reasons that people choose this market:
forex is the largest financial market in the world. The daily volume of the Forex market is huge over $3 trillion per day. This makes the stability of the market very good compared to stock trading. The price in the Forex market is exactly what you see is what you get and you can follow it very easily.
Forex trading simplifies everything, there’s no clearing fees, no exchange fees, no government fees, no brokerage fees, no middlemen. The elimination of the middlemen gets the traders closer to the actual trade and makes the traders responsible for their pricing. The brokers are usually paid through a service called “bid-ask spread”.
The Forex market is open 24 hours a day. Opening on Monday morning (in Australia) and closing in the afternoon (in New York). This is great for traders that can trade all day long or in parts. You can choose the times that are convenient for your trading, day-night, when you eat or when you sleep, whenever you want.
In Forex trading you can minimize the risk by depositing a small amount that will control a larger contract value. This is controlled by leverage and can make you profitable in the Forex market. If a broker gives 50 to 1 leverage it means that with $50 deposit you can buy or sell with $2500. If you put $500, you can trade with $25,000. All this needs to be done with great risk management because high leverage can easily lead to great loss, as well as great profit.
The Forex market is huge and therefore also very liquid. This means that on every buys or sell that you make, there will be someone who will take the other side of the trade. You will never be grounded because there’s no one on the other side.
To get started you would think that you need a lot of money. The reality is that online Forex brokers have “mini” and “micro” options and some of them have a minimum of only $25. This is great for Forex beginners because it makes the trading starting point easier. I’m not saying that you need to start with the minimum, but being cautious is never bad and starting small is good for the average trader.
main trading company

Forex the best trading market :

You can easily predict the movements in the Forex market you have many repetitive patterns and it’s fairly easy to learn, recognize and analyze these movements. The prices tend to go up or down and return to the average. They stay for quite a long time up or down and this stability makes the Forex market a much easier market to follow. This gives the traders a huge advantage in controlling their trades much better than the disorder.

Risk Warning :

We always suggest our clients to carefully consider their investment objectives, level of experience, and risk appetite. try to money management with every trade.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. FOREX IN WORLD takes no responsibility for loss incurred as a result of our trading signals. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
FOREX TRADING IN INDIA: Forex means currency pair trading. Indian citizens can trade only currencies that have a pairing with INR. It is legal to trade with Indian Brokers providing access to Indian Exchanges(NSE, BSE, MCX-SX) providing access to Currency Derivatives. Since 2008, RBI and SEBI have permitted trading in currency derivatives. The currency pairs available for trading are USD-INR, EUR-INR, JPY-INR and GBP-INR.
submitted by Red-its to maintradingcompany [link] [comments]

My local craigslist has this post. Does it seem legit?

Learn to trade on a company funded account, of up to $100,000.00 while keeping 60% - 80 % of your profits! We take on the risk, eliminating most of the emotions and fears that come with trading your own money. Our traders are trading mainly on the Forex (Foreign Currency Exchange), and Futures markets. Trading on these markets allows you to trade when the market goes up or whether the market is going down. It really doesn't matter. Our Proprietary indicators tell you which way to go, with a 90% accuracy rate! An interesting fact, more Millionaires are made in the Forex and Furture market than any other industry. Have you ever thought of trying your hand at Day Trading, but didn't know how, didn't know where to learn, thought it would be too risky, or thought it would take large amounts of money or capital to get started? Now is your chance to get started. We are a 10-year-old company, that has trained 1000's of individual's. Learn why our leading edge and unique to the industry indicators are far superior than any other indicators in the market today.
We will show you step-by-step how you can turn your spare time into a job replacement vehicle, or a substantial retirement fund.
With only 1-3 hours of trading a day it is quite possible to make 1% - 3% Daily on your account! It is very possible to make $200.00 - $300.00, or more per day.
We will teach you, Step-by-Step, with an Experienced, Successful Personal Coach, trading with you and using our Proprietary and Predicative Indicators. So, you will know exactly how to place profitably trades with Confidence.
Once finished with the coaching, you will be funded with a Corporate Account. Guaranteed!!! Everyone is funded, with up to $100,000.00 of company money. And you keep 60% - 80% of your profits.
Why would our company do this?
Simple, we are so Confident that we can teach ANYONE to be a Profitable Day Trader, that we give you the money, knowing that when you make money, we also will make money.
We offer FREE Live Trading Webinars weekly, hosted by coaches who trade on the live market, with a demo account. While you follow along and trade at the same time in the same live market.
Here you are able to ask any questions you might have. You will have this continual support as long as you are part of the company!
Test Drive our system for a FULL 30 days, so you can experience it for yourself! If you have ever wondered if Day Trading might be right for you, or just curious, THIS is your chance!
Is your future worth 45 minuets? Don't wait!!! email or call today to sign up for a FREE Webinar to learn about this Incredible Opportunity.
Invest in yourself, Invest in your Future. DO IT TODAY!!!
submitted by Dignitary to Forex [link] [comments]

Can I make a living trading forex?

Yes, of course! Forex is a place where traders can speculate and earn money on price movement. Forex is a job absolutely the same as other jobs, IMHO. Let’s compare Forex trader with cashier in the store, bank employee, and forwarder in a logistics company:
  1. Beginner who wants to work as a cashier will have to learn how to use cash machine, count money and customer communication, only 3 main functions. It will take not more than 1-2 weeks to become good cashier in a store. It will bring money for living.
  2. Beginner who wants to become bank worker will have to be familiar with financial sphere, probably pass banking courses, work with specific computer programs, be ready to communicate with customers, and work with money. Become good bank employee will take some weeks. The higher position in the bank, more need to learn and know. It also will bring money for living.
  3. Beginner who wants to be a forwarder in a logistics company, will have to do more functions. As minimum need to learn information from Internet or pass some courses – to understand how logistics works, etc. Then it is necessary to start communicating with customers, offer good services conditions, provide specific information about cargo, documentation and so on. It will take some months to become advanced worker in this profession. It will bring money for living as well.
  4. FOREX – Beginners who want to become successful Forex traders and earn money for living will have to:
Some traders are fast learners and start trading Fore after several months, but some learn slowly and it can take years. Don’t give up, and always go forward. You can see now that any job you would do, need to learn, and every profession need different information and time for learning. In any profession you will earn money for living.
So, Forex can also bring you profit for living, everything depends on you. Wish you to be independent Forex trader!
Hi Trader,
Please take some time to view myfxbook.
Demo account been running non stop for 12 months averaging 20% a month. http://www.myfxbook.com/members/Virtuo/mt4-vit-demo-01/3287325
Live account had been running for 7 months averaging 19% a month. http://www.myfxbook.com/members/Virtuo/mt4-vit-01/3287333
Price . The price is 500 usd this includes the EA and my personal set files for 5 pairs which is all you need to make 10%-20% a month.
submitted by Rohitpure to u/Rohitpure [link] [comments]

How To Trade Forex

How To Trade Forex

How To Trade Forex
Learn The Basics |Advanced Topics | Chart Patterns | Choose The Best Broker
Beware of scam companies! Trade only with a good licensed broker that holds an FCA or ASIC license like these.

USE A BROKER THAT PROVIDES 0.0 pips Spreads and 500:1 Leverage for better trading!
OPEN A DEMO ACCOUNT | OPEN A LIVE ACCOUNT

How does Forex Work?

Forex trading is the simultaneous buying of one currency and selling of another…
Read more

Basic Terminology

Before trading currencies, an investor has to understand the basic terminology of the forex market…
Read more

Fundamental Analysis

Fundamental analysis is the study of the overall economic, financial, political…
Read more

Technical Analysis

Technical analysis is the study of prices over time, with charts being the primary tool…
Read more

Trend Lines

The term ‘trend’ describes the current direction of the financial instrument…
Read more

What is a Technical Indicator

Technical Indicators are a result of mathematical calculations/algorithms…
Read more

Gold Trading

As an investment, gold is the most popular of the precious metals…
Read more

Order Types

A market order is an order to open a buy or sell position at…
Read more

We complete our education centre with a breakdown of Gold Trading and details of the different Order Types.
You can also review our glossary to find brief definitions of various trading and financial terms you may encounter.
Once you have familiarised yourself with the information and concepts, you can open a Demo Trading Account to practice what you have learnt and build on your knowledge and understanding of how to trade successfully. Treat your demo account as you would your real account.
Aprender a operar con Forex | Lernen Sie Forex zu handeln

  1. What is Forex? Think the stock market is huge? Think again. Learn about the LARGEST financial market in the world and how to trade in it.
    1. What Is Forex?Learn about this massively huge financial market where fiat currencies are traded.
    2. What Is Traded In Forex?Currencies are the name of the game. Yes, you can buy and sell currencies against each other as a short-term trade, long-term investment, or something in-between.
    3. Buying And Selling Currency PairsThe first thing that you need to know about forex trading is that currencies are traded in pairs; you can’t buy or sell a currency without another.
    4. Forex Market Size And LiquidityThe Forex market is yuuuuuuuggggeeee! And that comes with a lot of benefits for currency traders!
    5. The Different Ways To Trade ForexSome of the more popular ways that traders participate in the forex market is through the spot market, futures, options, and exchange-traded funds.
  2. Why Trade Forex? Want to know some reasons why traders love the forex market? Read on to find out what makes it so attractive!
    1. Why Trade Forex: Advantages Of Forex TradingLow transaction costs and high liquidity are just a couple of the advantages of the forex market.
    2. Why Trade Forex: Forex vs. StocksNobody likes bullies! Good thing for us, unlike the stock market, there is no one financial institute large enough to corner the forex market!
    3. Why Trade Forex: Forex vs. FuturesThe futures market trades a puny $30 billion per day. Thirty billion? Peanuts compared to the FIVE TRILLION that is traded daily in the forex market!
  3. Who Trades Forex? From money exchangers, to banks, to hedge fund managers, to local Joes like your Uncle Pete – everybody participates in the forex market!
    1. Forex Market StructureBecause there is no centralized market, tight competition between banks normally leads to having the best prices! Boo yeah!
    2. Forex Market PlayersThe forex market is basically comprised of four different groups.
    3. Know Your Forex History!If it wasn’t for the Bretton Woods System (and the great Al Gore), there would be no retail forex trading! Time to brush up on your history!
  4. When Can You Trade Forex? Now that you know who participates in the forex market, it’s time to learn when you can trade!
    1. Forex Trading SessionsJust because the forex market is open 24 hours a day doesn’t mean it’s always active! See how the forex market is broken up into four major trading sessions and which ones provides the most opportunities.
    2. When Can You Trade Forex: Tokyo SessionGodzilla, Nintendo, and sushi! What’s not to like about Tokyo?!? The Tokyo session is sometimes referred to as the Asian session, which is also the session where we start fresh every day!
    3. When Can You Trade Forex: London SessionNot only is London the home of Big Ben, David Beckham, and the Queen, but it’s also considered the forex capital of the world–raking in about 30% of all forex transactions every day!
    4. When Can You Trade Forex: New York SessionNew York baby! The concrete jungle where forex dreams are made of! Just like Asia and Europe, the U.S. is considered one of the top financial centers in the world, so it definitely sees its fair share of action–and then some!
    5. Best Times of Day to Trade ForexTrading is all about volatility and liquidity. Which times of day provide the most dynamic market action and volumes?
    6. Best Days of the Week to Trade ForexEach trader should know when to trade and when NOT to trade. Read on to find out the best and worst times to trade.
  5. How Do You Trade Forex? Now, it’s time to learn HOW to rake in the moolah!
    1. How to Make Money Trading ForexJust like any other market: buy low and sell high…and vice versa. Simple, right!?
    2. Know When to Buy or Sell a Currency PairLet’s start with the very basics. First, what drives the value of a currency?
    3. What is a Pip in Forex?You’ve probably heard of the terms “pips,” “pipettes,” and “lots” thrown around, and here we’re going to explain what they are and show you how their values are calculated.
    4. What is a Lot in Forex?How many units of currency can we trade? What size positions can we trade and what are they called?
    5. Impress Your Date with Forex LingoWanna impress your crush? Here are some forex terms to help you wow that special someone!
    6. Types of Forex Orders“Would you like pips with that?” Okay, not that type of order, but buying and selling currencies can be just as simple with a little practice.
    7. Demo Trade Your Way to SuccessCurrency market behavior is constantly evolving. Trade on demo first to get a lot of the rookie mistakes out of the way before risking live capital. There are no take-backs in the real market.
    8. Forex Trading is NOT a Get-Rich-Quick SchemeWhile possible if you’re a trading genius with ice in your veins and you’re luckier than a lottery winner, building wealth through trading takes time and practice to build the skills and experience needed to be successful.
📷
Via XNTRADES.com
Topics Which Every Trader Must Master.
Or at least know your Chart Patterns
Support and Resistance v.1
Support and Resistance v.2
Elliot Waves Theory
Elliott Waves 101
Harmonic Patterns
Chart Patterns
How to Trade Market Structure
More educational materials from TRESORFX.com and XNTRADES.com

OPEN A DEMO ACCOUNT | OPEN A LIVE ACCOUNT


THE BEST FOREX BROKER offers 0.0 pips Spreads and 500:1 Leverage

Instant Same Day Withdraws | Accurate Forex Signals | "WIN EVERY TRADE" - The Guide To Flawless Trading
100% Accurate Forex Trading Signals

Best Forex Broker in the United Kingdom
Best Forex Broker in Switzerland
Best Forex Broker in Denmark | Bedste Forex Broker i Danmark
Best Forex Broker in Finland | Paras Forex-välittäjä Suomessa
Best Forex Broker in Spain | Mejor Broker de Forex en España
Best Forex Broker in Australia
Best Forex Broker in Germany | Bester Forex Broker in Deutschland
Best Forex Broker in Ireland
Best Forex Broker in Luxembourg
Best Forex Broker in Italy | Miglior broker Forex in Italia
Best Forex Broker in the UK
Best Forex Broker in Sweden | Bästa Forex Broker i Sverige
Best Forex Broker in the Netherlands | Beste Forex Makelaar in Nederland
Best Forex Broker in Malaysia | Broker Forex Terbaik di Malaysia
Best Forex Broker in Hong Kong
Best Forex Broker in China 中國最好的外匯經紀商
Best Forex Broker in Japan 日本で最高の外国為替ブローカー
Best Forex Broker in South Africa
Best Forex Broker in Monaco
Best Forex Broker in Vietnam | Nhà môi giới Forex tốt nhất tại Việt Nam
Best Forex Broker in South Korea | 대한민국 최고의 외환 브로커
Best Forex Broker in India | இந்தியாவில் சிறந்த அந்நிய செலாவணி ப்ரோக்கர் | भारत में सर्वश्रेष्ठ विदेशी मुद्रा ब्रोकर
Best Forex Broker in Turkey | Türkiye'nin En İyi Forex Brokerliği
Best Forex Broker in Bulgaria | Най-добър Forex брокер в България
Best Forex Broker in Slovenia | Best Forex Broker v Sloveniji
Best Forex Broker in Slovakia | Najlepší Forex Broker na Slovensku
Best Forex Broker in Romania | Cel mai bun Broker Forex din România
Best Forex Broker in Russia | Лучший Форекс Брокер в России
Best Forex Broker in Czech Republic | Nejlepší Forex Broker v České republice
Best Forex Broker in Croatia | Najbolji Forex Broker u Hrvatskoj
Best Forex Broker in Hungary | A legjobb Forex bróker Magyarországon Best Forex Broker in Persia | بهترین کارگزاری فارکس در ایران
Best Forex Broker in Saudi Arabia | أفضل وسيط فوركس في المملكة العربية السعودية
Best Forex Broker in United Arab Emirates | أفضل وسيط فوركس في الإمارات العربية المتحدة
Best Forex broker in Qatar | أفضل وسيط فوركس في قطر
Best Forex broker in Kuwait | أفضل وسيط فوركس في الكويت
Best Forex broker in Bahrain | أفضل وسيط فوركس في البحرين
Best Forex broker in Jordan | أفضل وسيط فوركس في الأردن


OPEN A DEMO ACCOUNT | OPEN A LIVE ACCOUNT


submitted by TRESORFX to u/TRESORFX [link] [comments]

Hedging Forex Strategy



Once you have studied the Forex market, have opened up a demo Forex Millennium Review account to practice with, and feel ready to do so, you are ready to start trading on your own. Automated Forex trading puts you right in the flow of things, so that you can trade in an instant, based on trends you see and, therefore, work with the Forex market instead of against it; this is what is going to help you see greatest profits. And because you do not have to be right there all the time to make trades instantaneously but instead can schedule your trades based on trends you want to work with, automated Forex trading is a great way to participate in the market. Check automated Forex trading out for yourself and decide if it is right for you.


To trade forex you need to open an account with a forex broker. The global nature of forex markets means that you have a wide choice of forex brokers to choose from, right across the world.The forex trading business runs differently to equity broking, where trades are made through a clearing house and stock exchange and where money is made from fees for every trade, often referred to as the "brokerage".Forex brokers make their money from the difference between their quotes of the ask price, the price their customer buys at, and the bid price, the price their customer sell at. This is called the spread and is measured in "points" or "PIPs", the smallest measurement for a change in the price of a forex. For example, a one "point" or "PIP" change in the USD is 0.0001X the USD amount. Naturally, a wider spread results in more revenue for the broking firm.

To choose the right forex broker, you should start with considering its reputation and what trading services it offers. Doing your research thoroughly will take time, but as with trading itself, will save and make you money in the future. There is a wealth of information on-line and in magazines. It is important to be sure of the credibility of your information sources. Internet forums used by other forex traders can be very helpful in cutting through the claims of each company. By listening to people, forums and magazines that you trust, you can build a list of quality firms to choose form.

It is important to be aware of unscrupulous firms as well as those operating in countries where regulations are weak. The USA, UK, Hong Kong & Australia are example of countries with very strong regulatory great it would be to generate a 5 figure income just by trading in the Forex market. As a matter of fact, that would be a dream come true, wouldn't it Well, at forex trading machine, there is a revolutionary system that is helping a lot of people find the financial independence they need through Forex trading. They use a unique strategy called PDFT. This stands for Price Driven Forex Trading.


https://jrhonest.org/forex-millennium-review/
submitted by jaanavirosey to u/jaanavirosey [link] [comments]

How to Start and Practice Forex trading with a demo ... How to setup a Forex.com Demo Account - YouTube How to Open a Demo Forex Broker Account with Tradersway ... FOREX! - How To Demo Trade on TradingView! - YouTube How to open a Forex demo account with Admiral Markets ... Using a Demo Account to Learn Forex Trading? Pros & Cons ...

The demo account uses virtual funds and traders may independently choose the right time to switch to trading with real funds. A demo Forex account also includes access to the latest market data in real-time, as well as the ability to build your personal track records for analysis. How to open a demo account? The registration of a demo account is easy and doesn't require any document ... Being a UK company, IG is a solid option for UK forex traders for a demo account. By choosing IG as your demo account, you can benefit from CFD trading such as forex, options, ETFs, interest rates and bonds. If you are in the UK, you can also spread bet and binary trade. Some countries also have the possibility of trading stocks (not CFDs). Because forex demo accounts are supposed to simulate how trading live will be feel like with a real money trading account, they are basically the same in every aspect as with a real account ... FOREX.com is a trading name of GAIN Capital UK Limited. GAIN Capital UK Ltd is a company incorporated in England and Wales with UK Companies House number 1761813 and with its registered office at Devon House, 58 St Katharine’s Way, London, E1W 1JP. GAIN Capital UK Ltd is authorised and regulated by the Financial Conduct Authority in the UK, with FCA Register Number 113942. GAIN Capital UK ... Open a Forex trading demo account and trade without any risks and investments. It take just a few minutes and you do not need any initial deposit at all. Forex practice is simple . Every minute thousands of people all over the world open and close trades for more than $2.7 billion. The Forex market is enormous, it is the is the world's largest financial market. It allows many of traders to ... FOREX.com offers a free £10,000 demo forex trading account with no risk and no obligation. ... GAIN Capital UK Ltd is a company incorporated in England and Wales with UK Companies House number 1761813 and with its registered office at Devon House, 58 St Katharine’s Way, London, E1W 1JP. GAIN Capital UK Ltd is authorised and regulated by the Financial Conduct Authority in the UK, with FCA ... A forex demo account is also called ‘Paper Trading Account,’ as it is used to practice trading or to try out a new trading strategy without any risk to the trader’s actual money. For beginners, the demo account serves as a way of helping them learn and get familiar with various aspects of forex trading.

[index] [24316] [11373] [26572] [24763] [1440] [21726] [3491] [28352] [18572] [27813]

How to Start and Practice Forex trading with a demo ...

🔥GET THESE INDICATORS TODAY AT: http://www.TradeIndicators.com 👋 FOLLOW US ON TRADINGVIEW: https://www.tradingview.com/u/TradeIndicators/ 🌐VIEW THIS POST ON ... Up Next. Cancel. Autoplay is paused. You're signed out. Videos you watch may be added to the TV's watch history and influence TV recommendations. To avoid this, cancel and sign in to YouTube on ... The broker website, I used in this tutorial is here : https://bit.ly/2yY3lL3 (Roboforex) This is my current broker. Which I find better than most I've used. ... #forex #forexdemo #trading Description: Discover how to open a demo trading account for MT4 and MT5 with Admiral Markets. A demo account is the perfect way t... Quick video on how to setup a Forex.com Demo account. #forex #forexlifestyle #forextrader Want to join the A1 Trading Team? See trades taken by our top trading analysts, join our live trading chatroom, and acces...

http://binaryoptiontrade.netcima.cf