Exactly! What they don’t realize is a lot of time and years of practice and dedication goes into understanding what currency pairs fare great for trading and what affects them, what should be the risk-tolerance level and how to evaluate the market and the ever-changing trends.
Can Tik Tok mess up Forex?
- Thread starter terrifrancis
- Start date
Not to forget using the stop-loss that can be a time-based strategy and then back-testing the results using the MT4 platform. My brokers helped me out when I started trading on their platform.
You could also use the MT5 platform that comes with better and advanced features like the correlation matrix. Helps to view and compare currency pairs in real-time. Another feature that surprised me was the mini trader widget that helped me buy or sell through the small window.
Every teenager is glued to the phone, that’s true. But, why target girls like that?
I did try using the MT5 platform since there was so much said about the technological advancements, but I found myself going back to MT4 simply because it’s just so convenient. I have been able to make some good deals and profits because of the ease of use.
Because girls are biologically more emotional and more social. So if you look at the statistics, more girls are active on Instagram, Tiktok, etc.
I have started trading just a few months back and have wanted some help and suggestions. I suppose brokers do guide a trader, right?
I have been working with IB, eToro, fxview, forex.com etc and yes, brokers do suggest and guide you on how to trade. A broker you select should also inform you about the risks along with the opportunities like when you need to exit the trade, margin calls, stop-loss flexibility, etc.
Johannab, What is better - using the same strategy throughout or changing them continuously?