Trading Forex is so common now days. A lot of people have tried it, most of them quit, some of them still going and a lot more people will try it in the nearest feature. This community aims to help each other not to be fooled by forex companies 'gurus'. Lets share and discuss Trading ideas, educational material, tools, etc.
Complete Currency Trader is the brainchild of James Edward, founder & CEO. It uses a system that professional traders use. Most courses analyse currency pairs but CCT examines the forex marketplace as a whole and matches strong currencies against weak currencies.
Hello guys, I am just starting in Forex, and I suck at maths and well.. I need your help to understand things better. I have an account of 100$ for starter, and i'm running an EA that is most likely a scam but well, it works until i understand things, i'm trying to figure out the lot sizes, like I tried 0.08 and I got cents in return which is terrible, and it doesn't trade much like barely one trade a night or nothing at all, i'm not sure how to raise my trading and profit but still stay on the safe side. I have 2 options in the EA: Lot size, and LotsRiskReductor, I'm not sure what to fill out in there, all the formulas just dont seem to get in my head. So I'd appreciate it if anyone of you can help me understand how all the formulas work to know which lot size I can use and what my profit is going to be if I used xx lot size. Thanks.
It looks like some forex brokers have been offering micro lots (1/100th of a standard forex lot) for a while now. Is anyone aware of platforms that allow trading of small/fractional options contracts? It strikes me this could be a good compromise between paper trading (no skin in the game) & trading traditional 100 share lots (more skin than is comfortable) for newbie traders...
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Forex trader looking to start trading Crytpo as well (help with brokers and lot sizes?)
Hey there -- I'm no stranger to trading. I trade Forex and Futures. I'm also not a complete newb to cryptocurrency in general, but I am when it comes to actively trading it. To me, it just seems like Forex but with crypto and I'd really like to start building up my crypto holdings by "trading up" my account rather than solely just converting cash into crypto over time. What is confusing me a little bit is lot sizing, leverage, and the right brokers to use. I was eyeing CryptoAltum if anybody has experience with that? Although I'd prefer something I can trade with Tradingview (my preferred charting / execution platform). Aslo -- lot sizing. With Forex it's pretty simple... 1,000 = micro-lot (approx. 10 cents per pip value on majors) 10,000 = mini-lot (approx $1 per pip value on majors) 100,000 = standard lot (approx $10 per pip value on majors). But how is lot sizing determined with Crypto pairs? I'm interested in trading crypto-against-crypto (for example LTC/BTC). Is there an online calculator somewhere where I can easily determine the value per pip (or "tick"?) based on leverage and lot size? Sorry if this has been answered a bazillion times.
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Swift glance at what separates a good indecision breakout opportunity from a bad one. When you apply this Forex strategy – just remember you will see a lot of Dojis printed, but only a small selection of them will be good trading opportunities.
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A Forex lot refers to the amount or quantity you are looking to buy or sell of a particular Forex pair. There are different lot quantities and in this guide we look at the different lot amounts and how to use them to make trades. What is a Standard, Mini, Micro, and Nano Lot? The commonly used lot amounts you will need to know are; In the context of forex trading, a lot refers to a batch of currency the trader controls. The lot size is variable. Typical designations for lot size include standard lots, mini lots, and micro lots. It is important to note that the lot size directly impacts and indicates the amount of risk you're taking. Your lot size (in mini lots) = $10/ ($1 x 50) = 0.2 mini lot. Converting it to micro lots, it becomes 2 micro lots. Final words. The lot size is a concept in forex trading used in measuring your position size and is defined as the number of currency units you are willing to buy or sell when you enter a trade. The size of a Mini Lot in forex trading is 10,000 units (10K units) of your account's currency. If you have a dollar-based account, then the average pip value of a forex mini lot would be approximately $1 per pip. I know $1 per pip looks like a small amount, but sometimes forex market can move over 100 pips in a day, which in turn would be a profit/loss of more than $100 within few hours. Forex Lot Types Explained. In the simplest of forms, the forex lot as you know it in forex trading, is simply a measurement of currency units and a way of determining how many currency units are required for a trade. Forex lots and the terminology around lot trading is widely used still among almost all of the top trading brokers in the sector.
FOREX $1,000 IN ONE DAY FOREX TRADING 2020 - YouTube
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