Recent content by Fordredwyn

It varies. I mean, it depends on certain variables, like my personal attitude to the strategy I use, whether I fully rely on it or not, and of course the results. I test strategies preliminary by trading very, very small volumes, like $1 positions, just to understand whether it's capabl of...

You may need to model it to determine a reasonable value and then ascertain that value. Within IB TWS option trader, right-click on the column headers, select "Add Model," and then gradually adjust your order towards this model price to increase the likelihood of getting filled near that price.

My resilience in trading, I believe. If I didn’t have it, then I would probably give up a long time ago. But somehow I still managed to open the charts and look through all the assets that I found interesting on a regular basis.

Options trading is a very subtle thing. The mechanism on the one side recalls of forex trading, but at the same time it's completely different system which demands a bit different approach. When you open a trade with a certain position size, then if you go long, and the deal works out, you...

Every loss is a big motivation to avoid a similar thing in the future. So, to become a professional trader you need to make tons of mistakes. Over time you will see they are quite typical and it will help you to avoid them.

It’s no problem for me to recognize that no-leverage trading is the best possible option in trading especially if you have a strong phobia of pullbacks. But as of now I am not ready to allocate bigger margin for this. So, I’d better trade with 1:300 or 1:500. The latter is preferable.

I feel that in your case the first step is not about finding a broker, but trying to realise what trading is all about before yu deposit the money. I strongly recommend you to browse through such trading forums as this one in order to get some basic picture of trading. In a nutshell, trading is...

I feel that such an indecision is driven by the public opinion of the hoards. There has always been some surges of forex markets popularity and people went to forex because of the fact that they thought that it is an infinite source of easy money. However, when they became upset with the...

The answers to the question of which currency pair is best to trade are quite subjective and they depend on one's preferences, expectations and expertise. Surely, the safest way to trade forex is to trade majors as everybody knows that they are the most liquid and volatile on the market...

Judging by my experience, it behaves differently every time. I mean surely that the most common rules are true as expectations and result, but this kind of trading is accompanied by lots of details which can influence the whole outcome and your trading results during nfp. It should be noted that...

You cannot choose the leverage, but you can choose the position size which is actually quite the same. Leverage is the loan given to you by the broker, so it is up to the broker to decide how much it is ready to give you. You can decide on your own, how much money you are ready to allocate and...

It's true. We read numerous reviews, we read books, we see some examples all the time and yet sometimes we have no idea what happens the moment we encounter some unusual things or events and we definitely think about what is happening and why it happened exactly in your path. I think that such...

There is a bit of food shortage, however it depends on the coronacrisis I guess, because it affects the most food supply chain, as well as food production. In my opinion, we have to understand that this shortage will disappear as soon as we will handle coronavirus. For this, we don't have to...

Well, demo forex is good for practice and testing, editing and creating your personal trading strategies, nevertheless it also can bring harm to you. It's kinda tough to believe in this fact, however it's a real truth. The maind idea is that novices are getting used to trade on demo and they...

Yeah, I agree, it's always hard to lose your own money. But it's part of the learning and experience process, without loss is simply impossible. But if you lose a lot and often, then think about what you're doing wrong and take a short break (at least a couple of days don't trade at all). It's...