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The statistic that 90% of traders fail in the market is often cited and reflects the challenges of trading. Key reasons for this high failure rate include a lack of proper education, insufficient risk management, emotional trading, and overleveraging. Many new traders underestimate the...

Yeah great suggestions I use them along with HFM due to tight gold spreads and quality price feed

In my experience, successful trading requires finding a style that matches one's personality and lifestyle. Early on, I experimented with various trading styles, from the fast-paced world of scalping to the more deliberate approach of swing trading. Over time, I found that swing trading suited...

Integrating Fibonacci retracement levels with price action signals creates a robust trading system. This approach involves using Fibonacci levels to identify potential support and resistance zones, while price action patterns like pin bars, inside bars, or engulfing candles confirm entry and...

To adapt my trading strategy to varying market conditions, I continuously monitor market trends and economic indicators, adjusting my approach based on volatility, liquidity, and market sentiment. I diversify my strategies, using trend-following techniques during strong trends and range-trading...

Scalping, a strategy involving rapid and frequent trades, requires a well-defined plan and strict adherence to money management rules due to its high-risk nature. Discipline is crucial in scalping because the margin for error is smaller and the potential for quick losses is higher. Consistently...

Your approach to trading, focusing on a simple, calm strategy and avoiding high leverage, aligns well with risk management principles. Achieving significant returns on a small account can be impressive, but scaling to larger amounts involves additional risks and complexities. The high...

To choose a broker with low spreads, start by comparing spreads across various brokers for the currency pairs you plan to trade. Look for brokers with competitive and transparent pricing, often found in reviews or comparison websites. Additionally, ensure the broker has a good reputation, offers...

Trade management involves monitoring and adjusting trades to optimize outcomes. This includes setting stop-loss and take-profit levels to manage risk and potential profits, and regularly reviewing the market to adjust these parameters based on new information or changes in market conditions...

Nice technical charts but USDJPY breaks the rules setting higher highs basically every month, we have to see some really dovish turn of the Fed for this trend to reverse.

The ADX indicator is useful for trading as it helps measure the strength of a trend, which is crucial for identifying whether a market is trending or ranging. It provides valuable insights into the strength of the current trend, but it is less effective in indicating the direction of the trend.

Yes, if the Bank of Japan (BOJ) were to increase interest rates, the Japanese yen would likely rise as higher rates attract foreign investment. This could lead to a stronger yen and potentially cause the USD/JPY pair to fall. In theory, a stronger yen could support higher stock prices in Japan...

Have you considered other brokers? Like there are many of them like Tickmill, HFM, IB, better to diversify funds between them rather than making exposure to only one trading venue

Yeah probably, but still good suggestion to check those, their signal vendor if they have somebody who survived for one year or more, I guess they are worth to try.

Can you enlighten as how do you use Tick Volume? Some rolling window statistics which shows how trading activity changes over time?

It's unlikely you can get volume data, only tick volume like in majority of FX brokers. Still it is useful source of information because it's a kind of indicator of market activity

I really like copy trading because it's a kind of passive income, though I allocate no more than 10% of my trading capital to this type of investments. The key is to find good vendor who survived long enough like one year and kept drawdown relatively low, not more than 20%. In HFM copy services...

I prefer to combine them, they are not purely correlated so some degree of diversification is achieved which is good.

Different economic sectors offer various rate of returns during different times, last three decades progress and technological advancement concentrated in IT and since QQQ provides higher exposure to those stocks returns are higher. But as Businessman rightly mentioned it was reflected in higher...

Great suggestion I also checked lots of stuff to verify HFM transparency including their execution policy, after verifying that they offer pure STP I signed up with them.