Full disclaimer: I know NOTHING about trading. But! My dad is currently into learning about Forex and I would love to get him something useful/meaningful for Christmas related to forex trading. I was really excited to get him the "Stock Traders Almanac 2023" but recently learned he doesn't day trade (forex only). Any ideas? He's a big fan of video learning so textbooks are a no go. Edit: budget ~$100 CAD
Let me start by saying I’m not asking for your strategies and I understand this takes time. My goal though is to eventually leave my full time job and trade professionally while I travel between countries. I’m armed with a MacBook Pro, Naked Forex, Trading In The Zone and various other trading books. What advice would you give to someone who wants to seriously trade and what is the time frame I should expect? Thank you.
Changing platforms for better Forex data? (QC, Tradingview, MetaTrader)
I've been playing around with QC recently and it seems like either I don't know what I'm doing or the data is hard to validate. I'm simply running algo over a short 2 year period and cross checking orders my algo is generating against charts on tradingview and the candle times are just different (diff close time, diff dates etc). It's so hard to get consistent data to validate whether the orders generated are matching the criteria I intended it to use. Is there a way to draw charts in QC similar to tradingview's chart style? I've looked into it and the charting seems quite basic. Alternatively is it worth learning Pinescript and operating off Tradingview, or MQL4/5 in Metatrader and operating directly off those platforms with the data that the brokers provide? It'll mean I need to learn how to code in those languages but at least I know the data will be good which gives me confidence to use a small amount of money as opposed to using QC now I have zero confidence in the data being accurate.
Looking for a forex trader buddy to learn during the christmas break.
During the break I will start to learn trading. I am looking for a trader buddy who wants to learn. I have zero experience. I don't plan to go on the live market. Just learning the basic, and testing until next spring. I am reaching out for people who lives in Robart :) Pls message me.
I just want to know, to set some realistic expectations , how much you can aim for.. monthly, yearly . How much capital is needed. Who's richest in your circle trading forex( don't need personal info) just numbers, either you or your friend.. I know it shouldn't matter.. but it's just out of curiosity. Like i sometimes think i will be able to get funded with FTMO and build my account up to 600k and i will get monthly payouts consistently.. even if i do like 5% monthly.. I'll be getting around 25k which is huge for me.. is it possible? Or am I daydreaming? And i even think i will one day have 4-5 million dollars in my personal account ( maybe I generate all that money from business) and daytrade with all that capital. Do any of you guys do that?. Give me some numbers
Binomo là gì? Tổng quan cách chơi Binomo cho trader mới
Exness sẽ chia sẻ đến các trader những thông tin cụ thể và tổng quát nhất về sàn giao dịch Binomo chi tiết tại: https://forexno1.net/binomo-la-gi/ Hastag: #exness #sanexness #exnessvietnam #exnesscom #forexno1net #binomolagi
New trader here, does dca exist in the forex market?
Sorry if it sound like a stupid question, but every exchange i used doesnt give you the option while day trading to buy more to have a better entry. Does that mean you cant use this 'strategy' in the forex market?
I’ve been trading the FX markets for almost a year (started December 2021) and I’ve blown multiple accounts in the past (usually these accounts would be around 400-1000$ & I’d just be throwing money in cuz I have absolutely no bills and I work a part time job). After several heartbreaks I now understand the 3 basic pillars you need in order to become consistently profitable (Strategy, risk management, psychology). Without 1 of the 3, your asking for disaster. Around 11 months in now and i can officially say that I’m a breakeven trader. Spent 3 months on a 1000$ demo account and with trial & error I’ve managed to make a 10% return. Then immediately switched to Live trading and currently been trading on the same account for 4 months and I’m literally not losing money but I’m also not gaining money. Feel like I’m missing something. Any advice on how to overcome the Breakeven Stage?
Am looking for aspiring or already consistently profitable forex traders in Kenya to form a group where we can learn from each other and hopefully accelerate our progress towards profitability if interested comment and we will see if we can make it happen
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