Recent content by Outflow

@Polakandil True! Also these kind of HFT requires a good communication between the broker and the trader so that there are no serious losses due to any technical issues.

As traders, we all have different trading requirements. Hence, it is necessary to identify them first before selecting a broker. For instance, scalpers prefer ECN brokers because of their low spreads. Make a checklist of your requirements, do research, and then choose a broker.

I would advice you to choose a CFD broker that offer low commissions and a competitive trading environment.

Trading tools like leverage are also an important factor that you must look for. If your broker offers a high leverage, make sure to determine if you can choose a ratio as per your needs or not.

Forex market is the largest trading market in the world which is easy to access for anyone around the world. The forex market was here for a long time but people just have more access to it after the digitalization phenomenon. People are more informed and more aware of the opportunities in the...

In reality forex is not gambling. If we want to differentiate forex from gambling we can talk about risks. In gambling there is no method to overcome and minimise risks but you can do it in forex.

Welcome to the forum. I am also very interested in price action. Hope to learn a lot of things from you.

That was a very helpful guide for beginners. Calculating drawdown can be very beneficial for all traders as it is important to keep track of your losses. A trader should keep their drawdown in control to grow their account over time. Thank you for sharing this valuable information.

Welcome to the forum. Feel free to seek advice and share your thoughts on forex trading. Hope you are having a good experience with trading so far.

If you are a beginner, then follow these tips: Start by improving your knowledge. Practice on a demo account. Analyse successful strategies and prepare yours. Continually upgrade your knowledge and skills. Learn from your mistakes.

Tips that beginners can follow to achieve success in forex trading: Knowledge is everything. Keep continuing to upgrade yourself. Practice as much as you can. Keep an eye on how successful traders are doing. Make notes and keep track of your progress. Prepare a strategy for trading. Learn from...

The number of units you utilize to trade determines your position size. Everyone's position size will vary depending on their expectations, preferences, and trading strategy.

Pips are the smallest unit of currency and are used to track changes in the value of a currency. With the appropriate examples, you have clearly explained the issue to pips. It is quite beneficial to newcomers to forex trading.

You cannot control the market. All you can do is take some precautions. Forex trading is risky. Do not make a trade on emotions. Upgrade your knowledge regularly and use strict risk management.

It is very important to determine frauds and avoid them. These types of posts are very helpful for traders in determining scams. Moreover, the urge in traders to become rich very quickly gives opportunity to scammers to take advantage of that greed and make money. Traders should understand the...