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It is indeed a good platform. You just need to have a proper knowledge of it and you will be able to trade easily.

Learn to control your emotions first buddy.Taking a break during the least volatile market hours and doing something entirely different from trading helps. What I tell everyone now after my experience is to take a walk, read a book, etc. And to also stop trading after 3 continuous wins or losses.

I think I know what you mean. This happens to almost everyone while trading. The more you consciously try to avoid emotions, the more you are likely to encounter them. I was making a few trades with Fxview a couple of weeks back and it was going well so I kept trading. And guess what, I ended up...

Yeah that’s the red flag. Also, I got to deal with brokers who offer no negative balance protection.

You can and in fact of what I know, you’ll be able to determine the relationship between the market and whether the movement in one market is against or supporting each other.

Instead of just focusing on the entry levels and trade levels, try focusing on the money management part. It’ll help you steer clear off the margin call. Just a few pointers I kept in mind and both me and my brokers fxview, and XTB are happy.

Yep, stocks aren’t the economy. So, even if you use the equal-weight measure for S&P500 and don’t adjust the inflation, there isn’t any correlation between the market and the GDP.

I’ve been working on it lately with fxview and xtb. What I’ve noticed is that taking the short position on the over-performing asset and a long position on the under-performing one once they deviate from their correlation, works just fine.

Indices are traded the same way you would trade forex or stocks. Open a trade in one direction and earn money if the price goes in that direction or lose if goes against it. Always trade them with trend following strategies.

The best part of indices for me is their high volatility particularly when the index country market opens. Volatility indeed makes the price move while decreasing the fake signals. I usually go with fxview and XTB to trade indices on competitive spreads and low margins, makes it tad more profitable.

I suppose it’s the stock’s price that influences the spread. If the price is low, the bid ask spread will be larger and vice versa. Purely because of the liquidity reasons.

‘Stable returns’ is an enticing feature no doubt but let’s not assume all the index funds are cheap. The management costs of the two funds may vary despite the same investment goal. Your long term returns can take a big hit even from the minutest fee inflation.

How do you deal when the floating spread increases up to 8-10 pips for major currency pairs? Any insight would be helpful.

If the broker you’ve researched looks promising, try out with a small trade with low lots and then requesting a withdrawal. If he processes your amount within 24 hrs, go ahead because there really isn’t a real reason why he should hold on to your funds.

@botsmarok Never go down the path of investing in leveraged securities without understanding the risks. It is not meant for holding long term because no doubt they can bring good profit, but the risk is huge. I have also made the same mistake and lost almost the entire capital. Indices however...

Stimulus trading with huge capital I believe will give the trader an unrealistic safety net Paul. Don’t forget that a loss on the smaller account is much difficult to recoup.

More than fast withdrawals look for the tightest spreads and good leverages. I have traded using Fxview and XTB which provided me with good leverages and spreads. It was good for my strategy and you should also think about your broker in terms of different parameters, not just fast withdrawals.

The best approach to check it is to do so with your broker. Pretty much all of them have a dedicated page explaining about the time the transactions can take. I for instance got the withdrawal after 5 days because I processed it a day before the weekend.

this is basically because of the difference in the time of a broker’s server and the difference can be seen in 4 hours or daily candle. The reason is that the price chart signifies the change in a particular time frame. Say for instance, at one broker, you can see that the 4 hour candle is...

Ouch! I actually spent close to 8 months on a demo account before I went live with xtb. Not that I am slow at learning, perhaps a bit too petrified with new things. For a year I practiced scalping and then ultimately moved to day trading despite the losses as a scalper. It took me that long to...