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Absolute best time to trade is 3am for the london session alot of good movement if you can't wake up that early I recommend New York section 8:00 am
Here is the broker I recommend only $10 deposit Check Broker Here
I recommend bitcoin or Vload If you use bitcoin use the bitcoin on cashapp if your out of the country use coinbase and yes they charge a fee to deposit there are plenty of youtube videos on youtube showing you how to deposit on these platforms
The minimum initial deposit required is at least $10 of your selected base currency. However, I recommend you deposit at least $500 to $1,000 to allow you more flexibility and better risk management when trading your account.
Make sure that its an 0% interest card, The way to use your card is to do a balance transfer to your bank or if you have cash app add your credit card to your cash app send the money to a friend have them send it back and you will have the money in your account to upload to your broker it does charge a 3% fee to do so
If your having problems with your indicators on Mac Watch this Indicator fix
When you join your broker do a VAR account instead of ECN if you want no comissions taken out
If your using indicators from my course I recommend MT4 if not either one works
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open
(News) The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It represents the number of jobs added, excluding farm employees, government employees, private household employees and employees of nonprofit organizations this news leads to big spikes and jumps in the forex market.
every limit order is set for a minimum of 50 pips. If the trader wanted to set a 1-to-2 risk-to-reward ratio on every entry, they can simply set a static stop at 50 pips.
For beginner Traders I'd Say between 1:50 and 1:100 For Advanced 1:500 to 1:1000 if brokers have that leverage avalible
RISKS ASSOCIATED WITH FOREX TRADING
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Investments in foreign exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital.
Risk Disclaimer for Forex Trading
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in 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.
Benefits and Risks of Leverage
Leverage allows traders the ability to enter into a position worth many times the account value with a relatively small amount of money. This leverage can work with you as well as against you. Even though the Forex market offers traders the ability to use a high degree of leverage, trading with high leverage may increase the losses suffered. Please use caution when using leverage in trading or investing
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