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everyone knows all the approach how to manage emotions. but the real question is actually this kind of approach works when trading in practical ?

The impact is same as for 1H or 15M I don't see any difference except that 100 or 200-period SMA become really smooth and very slow to react to the price changes. I would rather experiment with EMA choosing different weights.

This is impossible to expect from a broker. Sometimes there are situations where you can extract risk-free profit and this will come at the broker cost. For example sniping (type of arbitrage). Many brokers will not pay from from these trades.

I use 1:20 leverage to pay little on swaps as I usually hold positions long-term. Otherwise it's just a matter of available free margin which you can use for other trades.

A demo account allows you to practice trading in a risk-free environment using virtual funds. It is an excellent option for beginners who are new to forex trading and want to learn the basics, test trading strategies, and get familiar with the trading platform. Demo accounts are free and offer...

Risk is uncertainty that you can quantify. For that you need to define range of outcomes and calculate it's characteristics. It's not suitable for every case but still it improves your chances to manage uncertainty better.

I use one from Hotforex (rebates system) if you have a friend that trades actively for example doing scalping, decent amount can be earned.

For beginners, it is generally recommended to start with lower leverage to manage risk effectively. A leverage ratio of 1:10 or 1:20 is often considered a suitable range for novice traders. This means that for every dollar you have in your trading account, you can control up to $10 or $20 in the...

Generally, I stick with major pairs - EUR/USD & USD/JPY. I also trade with cross at times. Tried exotic but it didn’t work out well for me.

As a forex trader, you will face challenges such as managing emotions, adapting to market volatility, and implementing effective risk management. It's important to develop discipline, stay informed, and continuously learn to navigate these challenges successfully.

Depends on CPI tomorrow. In case of upside surprise, rapid repricing of Fed hike may push USD sharply higher.

Interesting case. If it lasted for 1 hour I guess there were many traders who exploited this pricing error. Many brokers would simply cancel that profit, idk why there is a talk about lawsuit.

For some arbitrage strategies, low spreads are essential while trading plan or risk management is very simple.

Trading is for people who are emotionally stable and not prone to mental illnesses or periods of elation from gains which could lead to overconfidence

If you use leverage you pay swaps overnight. Not good for long-term swing positions since it eats up your profit or increases loss. The rest is basically the same since profit or loss from a position affects your margin (independent from leverage size).

Is it possible to construct synthethic binary options position using other contracts?

Common mistakes in forex trading include: Lack of proper education and understanding of the market, leading to uninformed trading decisions. Failure to implement a solid trading plan and risk management strategy. Overtrading or trading based on emotions rather than objective analysis...

Brilliant advice, unfortunately many traders ignore this aspect of trading and commit a lot of silly mistakes like trying to sit out losses or exiting position too early, missing major movement. Also this is the underlying reason of reaction lag and missing good part of profits.

For me the most profitable is EURUSD, the next is GBPUSD. I guess this is because I use only scalping strategies which are pair agnostic but require tiny spreads to be profitable.

Five years or so. I tried other brokers too but didn't like spreads.