Getting started with Forex is easy with IGCMarket. We provide free training to our customers who are beginner in this field. We have a team of very experienced staff that can provide you with excellent services.
Are all forex courses scams? Never bought one before all the knowledge I have is free from the internet. I now have a trading plan, risk management plan, and I'm going to start trading with a firm starting tomorrow. I'm just curious to the results of forex courses.
Started trading Forex early September with $500 and now I'm up +$450 as of today.
Crazy thing is that I'm such a beginner I don't know what half of y'all be talking about on this 🤣 I just try to keep my margin below half of my bank roll. And I never take a trade for a loss. My goal is to hit $1000 or +100% profit in my account, then I'm going to reward myself by depositing $1000 into my account. Hopefully my results stay consistent.
I’ve been looking to try forex. I started out trading stocks & after losing 58% I buckled down & spent a lot of time making a trading plan & practicing discipline. Over the next few months I built up over 500% with many small consistent wins. Problem is now I work full time on nights. Thank you!
1.) is trading forex at night viable? 2.) what is the best broker for a small account? 3.) is $100 account to start too small? (I want to practice with real money but not so much that would be discouraging when I take losses.) 4.) what are the best books/resources to start learning? (Willing to spend more than $100 on books cause I like to read and not go into something blind)
I have students of all races and all around the world. Many of us want to take action but aren't sure what to do. Lets start with building wealth to help level the playing field. Join my one on one Forex class to learn how to trade the market yourself.
I have just started learning about trading in forex market and it would be great if someone with experience could help me to come up with a trading plan
I just finished reading Currency Trading for Dummies and I now have some very basic idea of trading however I understand that I’m only starting and I’m going to stick with demo account for now. Now I want to start working on my trading plan and as I have learned there is no easy formula to make a trading plan however I think someone with experience could explain to me some flaws of my trading plan if there are any. For now I only have a very basic trading plan. I have decided to trade in 1h and 4h charts. First, I will look at a general trend because as I learned in the book it is better to not trade against trend and then look at resistance and support in daily charts. Then I will look at where prices are likely to break resistance or support and there I am going to enter the market. I plan to close my positions at some key resistance or support levels or when I learn how to use it maybe I will also use Fibonacci retracement. Hoping to hear andvice from someone who is familiar with such type of trading Thanks!
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Forex trader looking to start trading Crytpo as well (help with brokers and lot sizes?)
Hey there -- I'm no stranger to trading. I trade Forex and Futures. I'm also not a complete newb to cryptocurrency in general, but I am when it comes to actively trading it. To me, it just seems like Forex but with crypto and I'd really like to start building up my crypto holdings by "trading up" my account rather than solely just converting cash into crypto over time. What is confusing me a little bit is lot sizing, leverage, and the right brokers to use. I was eyeing CryptoAltum if anybody has experience with that? Although I'd prefer something I can trade with Tradingview (my preferred charting / execution platform). Aslo -- lot sizing. With Forex it's pretty simple... 1,000 = micro-lot (approx. 10 cents per pip value on majors) 10,000 = mini-lot (approx $1 per pip value on majors) 100,000 = standard lot (approx $10 per pip value on majors). But how is lot sizing determined with Crypto pairs? I'm interested in trading crypto-against-crypto (for example LTC/BTC). Is there an online calculator somewhere where I can easily determine the value per pip (or "tick"?) based on leverage and lot size? Sorry if this has been answered a bazillion times.
So im just starting with forex trading and plan to study as much as possible before i start live trading. I have read margin and how it increases your purchasing power but i cant seem to find a formula to calculate the profits on margin account. Suppose im trading with $500 account. 5% risk or $25 per trade. I use 50 leverage which means i am able to trade $1,250. Correct me if im wrong, i assume if margin requirements is 2% then $25 will be used as margin. Now with $1,250 i go in all and trade 500 microlots, hypothetically making 25 pip profits or $1,250. Checks out right? Now the problem is i cant realize where is the profit, am i missing something?
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Hello I'm a software developer new to investing. I have invested into an index but currently I'm interested in testing if I could develop swing trading strategies that are profitable in the long term. I'm thinking of starting with forex trading. My plan would be to create my own software that integrates into a trading platform so that I can easily generate charts that I need myself etc. I'm nowhere near ready to invest sufficient amounts of money yet, so I will be just backtesting and simulating trading for probably quite a while. Now I'm at the stage that I'm looking for a trading platform that would fill these requirements:
Has a public API to get (near) real time data and to place orders at reasonable cost (web API is fine)
Reasonable fees and low minimum balance requirement (I will be starting small if I have something I think might work)
Offers historical data (I can possibly get this from a different source)
I have found TrueFX that offers forex data but heard their data might have some issues. Namely it lacks volume information and some data is missing. Interactive Broker's API seems good but they have a pretty high minimum balance requirement. Thanks!
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