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    Best Country for Trading (Tax efficiency)

    What's the catch? Are there restrictions on ethnicity or religion? Do the kids have to be born in Hungary Or to be under-aged? Or to move there with their Mom?
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    For profitable traders only...how much is your strategy worth?

    I think the traders who share this concern might be thinking of forex where banks and other players take the other side of our trades. I trade forex and I would Not be selling my strategies because when my trades are duplicated by thousands of people, they will become a liquidity zone and a...
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    How long it took until you find the right trading software?

    For me it only took 6 months. I started trading using Esignal but then realized that it wasn't the trading software making a trader profitable so I stopped paying for it and started using the free Metatrader 4 software. 9 years on and I'm still using MT4 because much of my trading is now...
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    MT4 Add 2nd Fib Ext

    What do you need a 2nd one for? You can draw as many fibs as you like on a chart using that one tool. Plus you can also have fib indicators drawing their own lines.
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    How much did you lose on the journey to becoming profitable?

    This is worth emphasizing :thumbsup:
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    How much did you lose on the journey to becoming profitable?

    Yes I know but we should not let our emotions (greed) guide us because then it is game over. When I started trading my aim was to replace my income so that I can retire early. My aim now should be to preserve my capital so that I can maintain my income. I don't want to triple my account in 1...
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    How much did you lose on the journey to becoming profitable?

    Well, it's not easy, it takes a LOT of effort and a VERY long time because there is a lot to learn and we also have to learn to control our emotions and this is a VERY VERY hard to do, BUT...if we are passionate and dedicated, eventually it will click. For me it took longer than I would have...
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    Online Financial Trading Courses

    How much do you know already? If you are new to trading, you should know that there is a lot of free material out there so you don't need to pay thousands of $'s to people who sell courses. Watching videos on Youtube is a good start but you should know that learning to trade is not a sprint, it...
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    As a Forex Trader, I find this market impossible

    Hi Chris My immediate thought is that your strategy needs work or its not suited to the current market conditions. Perhaps it only requires a little bit of fine tuning? Without knowing your strategy I cannot give you my opinion but in general the best trading filter is time. Trading during...
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    How much did you lose on the journey to becoming profitable?

    I lost around $25K but I always considered losses as the cost of my education I have also spent around $30K on trading courses and training material. It has been a very long learning curve (I must be a slow learner :) ) I trade spot forex and it took me around 5 years to have a full...
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    Trading multiple FX accounts

    You could also create a signal in MQL5 forum and then follow it https://www.mql5.com/en/signals. But the problem with such services is that your trades can be copied by others and if you are a successful trader and many people follow you then your previously small and invisible positions become...
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    ...best buying opportunity investors have seen in years.

    Ok. I'm not keen on stocks at the moment but let me know when they fall below 8
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    If in doubt...stay out.

    Also, what they are not telling us is how profitable the profitable accounts were. I bet that only a small percentage are profitable enough to ensure their long term survival
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    Trading multiple FX accounts

    Funny you should say that lol. Yes most people will lose their funds before broker security becomes an issue. However, not all people lose and it makes sense to split our risk over 2 or 3 major brokers. In fact this way you can also see which broker is better regarding execution, slippage...
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    Trading multiple FX accounts

    I use Fx synergy ( I think I paid $500 for it a few years ago) but it only works with Metatrader 4. The trades are placed in the master account and the software duplicates the trades in the slave accounts. The SW comes with a trading console so you could place manual trades or could intervene...
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    Making money but forex is killing me. Hedging strategies.

    When trading US equities you are dealing with 1 currency (USD) so you don't have such a big problem. I trade currencies and many of my positions roll over daily so my problem is much greater than yours. Does your broker charge to convert your funds to USD every time you do a trade? Even if they...
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