Recent content by morkel635

Do you mind elaborating on this a bit?

Demos are the best way to judge a platform in my experience.

It’s quite simple and common @Richard. Use the crossing of the graph and signal lines as an entry and exit trigger.

When it is about risking and investing your money, I don’t think you should trust just any tips. The more you find your own ways, the better you will be able to prevent losses.

There is nothing like easy or difficult in the financial markets. Just find a way that works for you and you are good to go. Like I trade indices with fxview and cmc markets, I take care of the correlation between global economic events and the price patterns of major indices I want to invest in...

I pair it up with other indicators and technical analysis like the support and resistance areas and candlestick chart patterns. This gives me an idea about the potential market reversals.

Why opt for a broker with high commission. Instead trade with the one’s offering commission as low as $1 per 100K. Also, let’s not forget commissions are based on the account and lot size.

I’ve found that each broker brings with him some additional features. Like, I’ve been trading with fxview and cmc markets and the tight spreads with their liquidity partners. End of the day, I’m the one benefitting from the best bid and ask price.

Buddy the key in this case is to pick up a stop-loss percentage that helps your stock to fluctuate daily. This alongside preventing the downside risk involved.

Stop loss can be a powerful tool for saving your trades and there are no such rules for placing the sl. It entirely depends on you and your risk tolerance. If you’re going for a short position, you can use a stop-buy order. Try to look at some videos and read a bit about it first. I keep using...

Yeah, stop loss definitely works when trading and the stop order very easily closes a trader’s position if things are not going well. Even a limit order helps and honestly I’ve been using these for some time to protect myself.

First margin call at 70% is what brokers have as their policy, like with fxview. Then some even have it at 90%, pepperstone if I‘m not wrong. Any pepperstone users here?

Many traders do so as a safety measure @Leo. If one runs amok then still all the trading capital won’t be history.

I think more important is to reconsider your strategy from this point. The brokers which you are using also matters. Use brokers that are flexible and allow hedging. IG, fxview and CMC Markets are three that I have used and I know are good with different strategies.

I know how demoralizing it can be! When I experienced it I took a sabbatical from trading for a year and started fresh with a new strategy and with new brokers. Thank goodness I am safe with fxview and IG as of now :)