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Swing trading is my preferred way Though I don't understand your point about interest. It would seem to me that position trading has the greatest interest accumulation if you are holding the currency with the higher interest rate for a long time.

Hi all, What is the best broker for scalping? here is the conditions I think it should be exist on that broker: No any restriction on scalping, I means I can open a trade and close it in just few seconds and with any number of pips profit, even less than one pip. It would better to be...

First I tried ACM but I did not find their customer support good plus they have poor Forex education and trading recommendations which I really need during the time I was starting. After which I transferred to FXCM but I am currently having problem with them now. Its a long story and will be off...

I know there are many of us here that trade with an MT4 broker & also many who probably don't. MT4 has several key benefits but other brokers have some good features as well, so I would like to get everyone's opinion on this question:

It is true that when an individual trade with broker and make profits, for example you deposit the sum of $1000 that you can trade and save your profit to certain amount like $20,000 without the tempering with your money thanks

Frankly it does not matter what strategies you follow as long as it is not foolish. The key thing here is discipline with your stop losses. Remember - stop loss levels you set for yourself are holy. Cut your position out if you hit your stop loss. Losses do hurt - but they are a part of trading...

If you have never traded before the simple answer to your question is NONE! You should be practicing on a demo account for several months at least, before you try real money. But I know how you will likely feel, because I felt the same, you want to try it with real money. Some how real money...

t didn't "take aim" at your stop loss. It took aim at a major resistance level which acts as a magnet and happened to be where you choose (poorly) to place your stop

The best way for beginning traders to find a broker is to contact the National Futures Association. This organization monitors brokerage firms and brokers in the currencies market. It is one of the best sources of information on a brokerage firm.

Since you are a beginner in Forex trading, it is advisable that you start focusing on only one or two pairs of currency. Also another piece of useful advice is to watch all sorts of news events from all the possible countries. As a newbie in the forex trading, you should ideally stick to those...

You have the right point... Price action is the study of Behavior of price at certain important levels of price . This may seem a bit difficult in worlds but when you see a chart it will be clear .. You can see a price hitting say a psychological level of 1.3000 on USD/cad and see sellers come...

When news comes out, especially important news that everyone is watching, you can almost expect to see some major movement. Your goal as a trader is to get on the right side of the move, but the fact that you know the market will most likely move somewhere makes it an opportunity definitely...

Fibo retracement is to measure retracement, so what I look for is a candle that shows at a level a sign of tiredness. I look for something like a pinbar, a fake out, an inside bar (and break), a morning star and whatever suggests tiredness, like a congestion forming above or below a fib level. I...

Just wanted to say thanks for the HOLY GRAIL. This is what put me in the winning side as before I was breakeven or bust. I have learned to curb my desire to see how much I can make to making sure I check the risk first then reward 2nd. And waiting for a high probability trade set up is key as...

I’ve started in 2010. I had many demo accounts with many forex brokers, like FOREX, FXCM, etc. My first real account was with Profiforex. It is because this broker provides the micro account to trader and minimum deposit is 1$.

A new trader should start from demo (virtual money) account . Then proceed to very small real account (less than $100 or how much else you can easily afford to lose). Only after a long-term success with a small real account it's recommended to switch to big deposits. My real account was less...