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Not true, but there are many who only do B book trading (they keep all trades in-house) and as such they don't want profitable traders. But only some of them are the obvious crooks you've mentioned. Broker registration in exotic places should be a red flag. If you want a true A book forex...

Other than our personal circumstances, we also have to consider climate, lifestyle, our safety and our health care needs

I guess you didn't give it enough of your time. I don't use EOD data, I still use MT4 because it has free data and it also allows me to use my personal software + tools. Not necessarily, the higher time frames are more predictable and many people would be trading them successfully. But just...

Yes it will be a low number and there are not many forex traders here so you will not get many responses. Trading forex is very tricky, you need to know the instruments you trade like you know yourself or even better. I trade forex daily using 2 strategies and it is profitable (has been for a...

The main reasons for most people using Metatrader 4 are: Cheap and easy user customization, thousands of free tools and indicators plus a free data feed. MT4 is like a tool, it either meets your needs and you use it or you don't. There are others out there which have a better data feed but are...

LOL keep looking. It is true that the majority of the brokers offering this trading platform don't want us to win (because they keep our trades in-house) but like I said before, a trading platform on its own does not make a trader profitable. We still need to have experience and a profitable...

And therefore we cannot win the argument when we ask broker X to" please explain" why their bar is 20 or 50 pips lower than that of broker Y

I know them too, I've used them for years and if you are a plain vanilla trader they will be ok. They are similar to ICMarkets but their commissions + spread are a little higher. However, I don't like them because just like IC Markets some of their bars are questionable. For example, the other...

Usually it depends on your what you trade and how you trade it but from the Australian brokers I recommend Global Prime. https://www.globalprime.com/ They only offer 100:1 leverage (you would have to trade very conservatively to be allowed 200:1) because they pass your trades straight through...

I doubt that market turning in his favor will be impacted much by a hidden SL but in my opinion a visible TP could work in his favor if his positions are large enough and they happen to be close to a liquidity zone. There are many ways to trade but I doubt that a trader with a large capital...

The stop hunt spikes we were seeing 10 or so years ago are not common these days but I have seen significant differences in bar prices when there is market turbulence and the usual broker excuse is that forex does not have a central exchange so prices can vary.

haha true about the meds, however, they are after liquidity and areas with clusters of stops would be attractive to all kinds of charlatans so I don't blame anyone for hiding their SL or TP.

Not true, the big Market makers, financial institutions and central banks can move the market They would be doing it because they don't want their stops to be a magnet but if they place their stops in places where other liquidity sits, then their stops will be taken out anyway. Retail traders...

From my experience, its not easy to stay focused on small size accounts. How long is your prior trading experience? What will you be trading? Your expected returns are high, are they all from manual trading or is it going to be mixed manual/algo trading? If its all manual trading, can you stay...

Hello FP Markets Do you know the reason why OZ forex brokers don't accept US clients?

Both could happen but unlikely to happen any time soon. So this only leaves us with the possibility of a market plunge due to a major event and we should be cashed up and ready to buy?

Those who are very bearish, often forget about central bank interventions and the ongoing purchases by pension funds and others which help keep stock values high. The question is: do we still buy an asset which is clearly overvalued? I wouldn't because the risk of prices going nowhere for a...

Yes it can be done if someone is willing to learn. oh nice... I love your time zone. Sydney time sucks for trading the NY session. I wonder why that is, are you inside or outside Perth? I don't know about Perth but some NBN areas are connected to the net via Satellite and this can be...

The important thing is to have a strategy which has +ve expectancy. The EA building itself can be outsourced. I have an Engineering background but I have not written the code myself, I employed various programmers over a few years. The strategies work well but I need many accounts because I'm...

How do you intend to do that? Because normally a +ve swap position is hedged by a -ve swap position and your net swap will be -ve