As I am understanding forex ,you use MT4 as a trading station while using a broker like Oanda?
Is Oanda the cheapest way in? Trading microlots so just want to practice. I like the idea of $50 at a time. Oanda is Canadian, is there a US broker. I am assuming there is some connection with MT4 and a broker of your choice.
Hi everyone, I am a complete beginner to Forex trading (and to this sub) so I'm curious to get your thoughts on what's the best Forex trading platform in the UK and what resources I should do to improve my trading?
Which is the best platform for forex trading? I was thinking IG
Hi guys i am looking to get into forex trading and am trying to find a platform to trade on, I was thinking IG because it is compatible with my mac and also the software i am more used to cause i use the free version for stocks. But i hear once you actually join there is a lot of headaches with IG, is that true? and if so what forex broker do you suggest i join?
I have $60 in cash, I am a minor. I've been watching hours of forex videos on YouTube, and I get the mt4 app on my phone and the program on my computer, because I heard about demo trading. I just have no idea what to do. I was interested in Fidelity as a broker but I'm not sure if they offer forex trading. I would like to know what the difference is between me who knows nothing(despite watching many YouTube videos) and you guys who actually do this regularly. Is it experience? If you must answer me with more questions please do I would be more than happy to talk
Hello, I'm a new trader. I'm 23 years. I just started trading forex on MT4, my broker is VantageFx. I made like 1k5€ in 3 days ( this was the first time I traded ). But it's still not real for me, because it was really easy to make this money with no experience at all. So I'm wondering if it's a trap or is it real ? I searched all over internet and everytime they say it's really hard to live from trading, and I see a lot of people loosing a lot of money but I don't know how did they do it. But I don't know if I was lucky and made 1k5€ just from pure luck or is trading forex is really easy ? Sorry for my Bad english, I'm french. Edit : Thank you for all your feed back ! I will cash out the money I originaly put and I will keep testing my strat. I will make another post in maybe 1 month to update my mindstate and share with you my conclusion.
I've seen mentions of Nick Shawn & Momo Forex here; Here's why i don't like them...
I want everyone who searches these people to see this on forex cuz this is the truth they need to see! Hopefully it will save alot of traders throwing money at these fools! Look listen i got both of their courses for free from a website i found a download. Nick & Momo charge 1k per course for terrible content & i lost a little respect for nick & momo as momo convinced nick to make a signals group which nick pledged never to do! That Group makes 70k a month from it; it's called LevelsFX also these guys both have full courses 1 each that sell for over 1k and nick and momo's excuse for doing LevelsFX was ppl were re-selling their courses and they had to get a legal team and pay 4-5 figures a month to take down few small time course re-sellers on Instagram Look listen i got both of their courses for free from a website i found a download they charge 1k per course for terrible content & i lost a little respect for nick & momo as momo convinced nick to make a signals group which nick pledged never to do! That Group makes 70k a month from it; it's called LevelsFX also these guys both have full courses 1 each that sell for over 1k and nick and momo's excuse for doing LevelsFX was ppl were re-selling their courses and they had to get a legal team and pay 4-5 figures a month to take down few small time course re-sellers on Instagram which is obvious BS + Nick would keep on changing the number he said he needed to pay every month etc obvious liar and taking. Advantage of his audience like any Guru. The real reason they started this service is because the courses weren't paying and that's how they make their money and live trading profits etc. Can easily be faked look here:which is obvious BS + Nick would keep on changing the number he said he needed to pay every month etc obvious liar and taking. Advantage of his audience like any Guru. Search: Gurus MT4 Exposed on Google or Youtube for more info Don't buy a Guru's course if you can download it for free not seen one yet that's worth it! ~ Never have bought a course! Site i used was Coursed co and searched LucidFX (Still available for download) & MissionFX I don't like Gurus i hate them & I have to say Nickshawnfx has let me down in the past and I'm seeing many mentions of them on forex . As you know no-one without a third party verified track record (real server data from a well regulated broker) can be trusted. So pretty much no-one in the FX industry can be trusted. Edit: Mistakes fixed etc
Website: https://www.fxopen.com Address:P.O. Box 590, Springates East, Government Road, Charlestown, Saint Kitts and Nevis Phone: +64-9-801-0123 FXOpen broker provides traders an access to Forex and cryptocurrency markets. You can open an account from 1 USD and start trading. FXOpen was founded by a group of traders as an educational center in 2005 before establishing itself as a Forex brokerage. With years of experience, the company has gained an excellent reputation as one of the leading and fastest-growing Forex brokers. Our mission is to offer traders professional services in Forex and cryptocurrency trading, managing and investing in PAMM accounts, analytics, all backup with excellent customer support. FXOpen provides a true ECN trading environment to its clients via the MT4 and MT5 terminals, offering the tightest spreads and low commissions.
Profitable forex strategy: it is a type of instruction for the trader, which helps to follow a clearly verified algorithm and safeguard his deposit from emotional errors and consequences of the unpredictability of the Forex currency market.
Thanks to her, you will always know the answer to the question: how to act in certain market conditions. You have the conditions of opening a transaction, the conditions of its closing, likewise, you do not guess if it is time or not. You do what the trading strategy tells you. This does not mean that it cannot be changed. A healthy trading scheme in the forex market must be constantly adjusted, it must comply with the realities of current market trends, but there must be no unfounded arguments in it. >>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated OnInvesting.com|Free Forex Signals Trial:CLICK HERE TO JOIN FOR FREE
Profitable Forex Strategy Reddit
Types of trading strategies The forms of a trading strategy can combine a variety of methods. However, several of the most commonly used options can be highlighted.
Trading strategy based on various complementary technical indicators
Trading strategy using Bollinger Bands
Moving Average Strategy
Technical figures and patterns
Trading with Fibonacci levels
Candlestick trading strategy
Trend trading strategy
Flat trading strategy
Fundamental analysis as the basis of the strategy
Three most profitable Forex strategies
Important!These strategies are the basis for building your own trading system.Indicator settings and recommended pending order levels are for consultation only.If you do not get a satisfactory outcome in the test result or in a live account, that does not mean that the problem is the strategy.It is enough to choose individual parameters of indicators under a separate asset and under the current market situation.
1. “Bali” scalping strategy
This strategy is one of the most popular, at least its description can be found on many websites. However, the recommendations will be different. According to the author's idea, "Bali" refers to scalping tactics, as it facilitates a fairly short stop loss (SL) and take profit (TP). However, the recommended time frame is high, because the signals appear not very often. The authors recommend using the H1 interval and the EUR / USD currency pair. Indicators used:
Linear Weighted Moving Average. Period 48 (red line).
Important!Note that the indicators for the “Bali” strategy are chosen in such a way as to ultimately give an early signal.This gives the trader time to confirm the signal and check the fundamentals.
MA is one of the basics on MT4, the other two indicators can be found in the archive for free here. To add them to the platform, click on MT4: "File / Open data directory". In the folder that opens, follow the following path: MQL4 / Indicators. Copy the flags to the folder and restart the platform. Also Read: Make Money With Trading Conditions to open a long position:
Price penetrates the orange Trend Envelopes line from the bottom up. At the same time in the same candle there is a change of the orange line that falls to a growing celestial.
The candle is above LWMA. Once the above condition has been met, we wait for the candle to appear above the moving one. It is important that it closes above the LWMA red line. It is mandatory to have a Skyline Trend Envelopes on a signal candle.
The additional DSS of momentum line on the signal candle is green and is above the dotted line of the signal (that is, it crosses or crosses it).
We open a trade at the close of the signal candle. The recommended stop level is 20-25 points in 4-digit quotes, take profit at 40-50 points. https://preview.redd.it/t48d55s8faw51.jpg?width=1000&format=pjpg&auto=webp&s=1e93863745e74dec536178539817225767cbeb1c The arrow indicates a signal candle where a Trend Envelopes color change occurred. Note (purple ovals) that the blue line is below the orange line and goes upwards (in other cases the signal should be ignored). In the signal candle, the green DSS of momentum line is above the dotted line. Conditions to open a short position:
Price penetrates the Trend Envelopes sky line from top to bottom. At the same time in the same candle there is a change from the increasing celestial line to the falling orange.
The candle is below LWMA. Once the above condition has been met, we wait for the candle to appear below the mobile. It is important that it closes below the LWMA red line. It is mandatory to have an orange Trend Envelopes line on a signal candle.
The additional DSS of momentum line on the signal candle is orange and is below the dotted line of the signal (i.e. crosses or crosses it).
This profitable Forex strategy is weekly and can be used on different currency pairs. It is based on the spring principle of price movement, what went up quickly, sooner or later must fall. To trade you will only need a schedule on any platform and W1 time frame (although the daily interval can be used).
The bearish candle, which signifies last week's movement, has a relatively large body.
Open a long position early next week. Make sure to place a stop loss at 100-140 points and a take profit at 50-70 points. When it is midweek, close the order if it has not yet been closed at take profit or stop loss. After that, wait again for the beginning of the week and repeat the procedure, in any case do not open operations at the end of the current week. https://preview.redd.it/vuihnqspfaw51.jpg?width=1000&format=pjpg&auto=webp&s=7641e9d7701911cc255c4f0c8a53e1660c35c9fe On this chart it is clearly seen that after each large bearish candle there is necessarily a bullish candle (although smaller). The only question is what period to take where it makes sense to compare the relative length of the candles. Here everything is individual for each currency pair. Note that a rising candle was observed followed by a few small bearish candles. But when it comes to minimizing risks, it is best not to open a long response position, as the relatively small decline from the previous week may continue. Conditions to open a short position:
The bullish candle, which signifies last week's movement, has a relatively large body.
We open a short position early next week. https://preview.redd.it/tv4zmf5ufaw51.jpg?width=1000&format=pjpg&auto=webp&s=61cd1dcfc4aebfa6f80343b6c51f7a6e46358602 The red arrows point to the candles that had a large body around the previous bullish candles. Almost all signals turned out to be profitable, except for the transactions indicated by a blue arrow. The shortcomings of the strategy are rare signs, albeit with a high probability of profit. The best thing is that it can be used in several pairs at the same time. This strategy has an interesting modification based on similar logic. Investors with little capital opt for intraday strategies, as their money is insufficient to exert radical pressure on the market. Therefore, if there is a strong move on the weekly chart, this may indicate a cluster of large strong traders. In other words, if there are three weekly candles in one direction, it is most likely the fourth. Here you also have to take into account the psychological factor, 4 candles is equal to one month, and those who "push" the market in one direction, within a month will begin to set profits. Strategy principle:
A "three candles" pattern (ascending and descending) formed on the weekly chart.
It is preferable that each subsequent candle was larger than the previous one. Doji is not taken into account (disembodied candles).
Stop is placed at the closing level of the first candle of the constructed formation. Take profit at 50-100% of the last candle, but it is often better to manually close the trade.
This strategy is universal and is usually given as an example for novice traders. It uses classic EMA (Exponential Moving Average) indicators for MT4 and Parabolic SAR, which acts as a confirmatory indicator. The strategy is trend. Most sources suggest using it in "minutes", but price noise reduces its efficiency. It is better to use M15-M30 intervals. Currency pairs - Any, but you may need to adjust the indicator settings. Indicators used:
EMA with periods 5, 25 and 50. EMA (5) in red, EMA (25) and EMA (50) in yellow. Apply to Close (closing price).
Red EMA (5) crosses the yellows from bottom to top.
Parabolic SAR is located under the sails.
Conditions to open a short position:
Red EMA (5) crosses the yellows from top to bottom.
Parabolic SAR is located above the candles.
The transaction can be opened on the same candle where the mobile crossover occurred. Stop loss at the local minimum, take profit at 20-25 points. But with the manual management of transactions you can extract great benefits. For example, close at the time of the transition from EMA (5) to a horizontal position (change of the angle of inclination of the growth to flat). https://preview.redd.it/4un92jlegaw51.jpg?width=1000&format=pjpg&auto=webp&s=406a700c00722349622d031e20d0858e4196d18b This screen shows that all three signals (two long and one short) were effective. It would be possible to enter the market on the candle by following the signal (in order to accurately verify the direction of the trend), but you would then miss the right time to enter. It is up to you to decide whether it is worth the risk. For one-hour intervals, these parameters hardly work, so be sure to check the performance of the indicators for each period of time in a minimum span of three years. And now that you know the theory, a few words about how to put these strategies into practice. Ready? Then let's get started!
From the theory to the practice
Step 1. Open demo account It's free, requires no deposit, takes up to 15 minutes, and no verification required. On the main page of your broker there is for sures a button "Register", click and follow the instructions. An account can also be opened from other menus (for example, from the top menu, from the commercial conditions of the account, etc.). Step 2. Familiarize yourself with the functionality of the Personal Area. It won't take long. It is at the most user friendly and intuitive. You just need to understand the instruments of the platform and understand how the trades are opened. Step 3. Launch the trading platform. The Personal Area has the platform incorporated, but it is impossible to add templates. Hence, the "Bali" and "Parabolic Profit" strategies can only be executed on MT4.
Characteristics of an effective Forex strategy Reddit
And finally, let's see what makes a profitable Forex strategy effective. What properties should it have? Perhaps three of the most important characteristics can be pointed out.
The minimum number of lag indicators. The smaller they are, the greater the forecast accuracy.
Easy. Understanding your strategy is more important than your saturation with complex elements, formulas, and schematics.
Uniqueness. Any trading strategy must be "tailored" to your trading style, your character, your circumstances, and so on.
It is very important to develop your own trading strategy, but it is necessary to test a large number of already available and proven strategies. On the Forex blog you will find trading strategies available for download. Before using a live account, test your chosen strategy on the demo account on the MetaTrader trading platform. Conclusion. To successfully trade the Forex currency market, create your own trading strategy. Learn what's new, learn out-of-the-box trading schemes, and improve your individual action plan in the market. Only in this case, the trading results will satisfy you to the fullest. Success, dear readers! >>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated OnInvesting.com|Free Forex Signals Trial:CLICK HERE TO JOIN FOR FREE Join the community for more articles on trading and making money on the Forex and Stock market. ------------------------------------------------ ------------------------------------------------ Disclosure: This post contains affiliate links, if you click and make a purchase I may receive a commission - This has NO extra cost for you.
I got into forex a few years. Learned about pride action and risk ratio reward etc. As a Canadian, is there any fellow Canadian in this sub that offer guidance on how to get started? Which broker to go with. And how does it work in respect to income tax? Is there micro trading option for someone like me to start small etc. Thanks.
10-19 00:15 - 'I will develop an cryptocurrency trading bot, forex brokers for you' (self.Bitcoin) by /u/Idrees_umar removed from /r/Bitcoin within 2-12min
''' Hello!! Welcome to my gig are you in search of an MT4 trafing bot developer? .I will develop a perfect and profitable Arbitrage Trading bot which will make you earn a lot of income. You have an idea of a trading system and you want to backtest or make it real. You need a guy who'd put it into the code and make all this technical stuff. So let me help you to earn mo.ney. I HAVE EXPERIENCE IN : ?Crypto Trading bots, Ma.rket ma.ker, Trend following, Arbitrage ?Crypto exchanges API, Binance, Okex, Huobi, KuCoin, etc. ?Stock Trading bots, Strategies based on Indicators ?Brokers API, FXCM, TD Ameritrade ?Telegram API / Email API for notification ?Execute trading signals from Email or Telegram chat ?Building a financial GUI, Grafana ?Cloud servers, AWS, MS Azure, DigitalOcean ?Python, Backend, Git !!Confidence guarantee. I do NOT share your strategy to third parties. WHAT I CAN DO FOR YOU: ?develop a Script or WebApp, which able to work 24/7 ?build a GUI, Control panel for this bot ?bind it with Telegram bot to control it and get notifications ?backtest your strategy on historical data (Forex or Crypto) ?develop tools for watch ''' I will develop an cryptocurrency trading bot, forex brokers for you Go1dfish undelete link unreddit undelete link Author: Idrees_umar
I've been researching trading for some time and would like to begin trading with real money in the coming months. I'm currently demo trading with £500 since this is the amount I will most likely deposit when I begin trading, but I'm still uncertain in some things:
Initially I was going to trade with Trading212 since it is a platform and a broker, but have read some negative reviews and stories of being scammed. Is the platform safe to use, and appropriate for a deposit of my size?
I have also looked at trading with MetaTrader but understand that it is only a platform to trade on, and that a broker is still needed for this. Is there a UK broker that I could use to trade with that would be useful for day trading Forex, and for deposit of around £500?
-- When I do see traders post their profits (on things like Instagram), I realise that they use MetaTrader nearly all the time and wanted to know why they don't use Trading212 or other online brokers, why is this? I know it is quite a few questions but would be happy if any of these questions could be answered to help understand in more depth.
MT4 Brokers reviews by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about Metatrader 4 Brokers.. MT4 Brokers Review Fxpro. Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering Forex trading along with CFD’s. The MT4, MetaTrader5 and cTrader online trading platforms are available. Die besten MT4 Forex Broker – der Vergleich 2020. Wer sich für einen Mt4 FX Broker interessiert, dem bieten sich eine Vielzahl von Handelsplattformen.. Gerade zu Beginn gibt es in der Regel allerdings eine Reihe von Fragen: Was sind die Vorteile des Mt4 Forex Trading mit einer solchen Anwendung? Mt4 Brokers aus den USA? X-Trade-Brokers (xtb) Erfahrungen Metatrader-Broker Vergleich . Wer schon einmal mit Devisen gehandelt hat, der wird aller Wahrscheinlichkeit nach auch bereits vom MetaTrader gehört haben. MetaTrader ist die führende Software und gleichzeitig eine Handelsplattform, die insbesondere für das Forex Trading, also den Devisenhandel, von den Brokern angeboten wird. Es handelt sich dabei um eine ... Mit MT4 und MT5 kannst du neben Forex auch mit CFDs auf Rohstoffe, Indizes, Aktien, ETFs, Anleihen und Kryptowährungen handeln. Das Preismodell dieses MetaTrader Broker beruht auf einem Mix aus Kommission und Spreads, insgesamt kommst du dabei allerdings ähnlich günstig weg, wie auch bei AvaTrade. Vor kurzem wurde MT4 mit One-Click Trading (Handeln mit einem Klick) und Kopieren der Trading-Signale aktualisiert, zwei der Forex-Haupttrends in den letzten Monaten. MetaTrader 4 ist als Desktop- und als mobile Anwendung für Android und iPhone verfügbar. Unten kann man sich aus einer Liste der Metatrader Forex-Broker auswählen. 10 Best MT4 Brokers for Forex Trading Online The MetaTrader 4 (MT4) is by far one of the most popular and used trading platforms in the industry. It is used to connect clients of different ... MT4 Brokers. When it comes to the choice of platform to trade, the majority knows MetaTrader4 (MT4). Indeed, the MT4 platform is the most popular and used software by Forex traders, throughout which the biggest number of orders are executed daily.. It’s not a surprise why the MetaTrader4 is the leader among the offerings, as MT4 includes all necessary elements to perform successful trading ... MT4 Forex Brokers - MetaTrader4 Brokers 2020. MetaTrader trading platform created by the leading and prominent software developer MetaQuotes was created and elaborated to give traders the possibility to speculate online and raise funds from the price increases and decreases of the world currencies. Such fluctuations of currencies are called foreign exchange - Forex. Nowadays mt4 forex brokers ... Hedging remains possible in the MT4 trading platform, although similarly to scalping, certain brokers and jurisdictions can have different rules when it comes to whether or not traders can hedge positions in this way. For example, many UK MT4 brokers allow their UK clients to hedge trades using MT4, and they also net out the trader’s margin requirements accordingly. This means that if the ... MetaTrader Overview. Founded in 2000, MetaQuotes Software Corporation – the developer of MetaTrader4 (MT4) and MetaTrader5 (MT5) software – was an early pioneer in developing forex trading and charting platforms. The Metatrader suite – which is licensed by brokers and offered to traders – continues to be one of the most widely used trading platforms in the retail foreign exchange ...
Tutorial 1 - MetaTrader 4 Tips and Tricks - YouTube
How To Open a Forex Broker Trading Account and help guide you on connecting it on to your MetaTrader 4 app. Broker Sign Up Link: https://www.hugosway.com/?cmp=3... I discuss a lot of topics in this one. Brokers, Mitigation Blocks, MT4 Scammers, Obtaining Proof and managing "Entitlement". Share your videos with friends, family, and the world Como calcular la cantidad de lotaje a comprar en FOREX usando interactive brokers. Se puede operar forex en interactive brokers pero tal vez no sea la mejor opción, mejor operar forex en MT4 o MT5. MetaTrader 4 is an extremely robust and efficient way to manage your investing. This video will demonstrate some of the platform features and will help you u... NEWEST VIDEO MUST WATCH: "+1000 Forex traders prove that direction is NOT important when entering Forex trades ️ Manage them!" https://www.youtube.com/watch?v=... Many Brokers with One Metatrader Account - Duration: 9:25. Naked Forex 16,147 views. 9:25 . 95% Winning Forex Trading Formula - Beat The Market Maker📈 - Duration: 37:53. TRADE ATS 845,113 views ...