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Yes that is how it works, which broker are you using?

My broker has 2 calls, 1st at 70% and 2nd at 50% and the trades start closing at the 2nd.

I forgot to add a question mark..apologies

2nd call for the same trade

The timeframe depends upon your trading style, if you are day trading then you can look at H1, H4 and Daily. So you need to define first that how you will trade... scalpers will stick to 1min, 5min etc etc

True that!

Great info :thumbsup:

A beginner must focus on understanding the behavior of the market and the instrument that he wants to trade.

To invest money in the market you need a source of capital.. So I don't think a good trader rely merely on the profits for his daily expenses and his capital requirements. I do it on a side basis. :0

I don't think it is the best trading style for a newbie

Always consider the fundamentals before choosing the instruments... keep a track of the economic calendar and as a beginner do not trade during highly volatile or iliquid periods.

Hedging is a trading style where you simultaneously open buy and sell trade for an instrument. The strategy involves identification of the right kind trade and trend of the market, one thing you need to understand in hedging is you need to cover the cost of your trade that is spread and...

Hedging is a good strategy

Yes, the spreads are really good for these pairs !

:thumbsup:

Yes indeed!

Yes the prices are down, though the investors were expecting some recovery

Exactly, one needs to be sure whom he is dealing with and how the market functions. A lot of people exploit newbies by making fake promises in the form of trading ideas and signals.

I totally agree with you, have faced this thing personally

If the margin is already low and the leverage is high then it is just like a gamble...being a newbie