Our Reddit FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. - To be with other like-minded forex traders. So Welcome all to "The Reddit FTMO Forex Trading Community ". Cheers and stay safe .
I'm looking for the best book to learn about Forex trading, covering everything from which broker to use, to what currency pairs are, to what crosses are, to taxes, to earning interest, to leverage, to what news announcements to watch out for, etc. Does anybody have a book that does the best of covering everything you should know?
Hi all! I just started learning Forex trading last week and i don't have any professionals to guide me so i'm hoping i could find some help here. I'm not a very smart person when it comes to this so i apologize in advance if i end up asking pretty dumb questions.
So far i have learned about PIPs, leverage, stoploss for risk management and reading the candlestick chart. The topics in this area could be very broad so i'm wondering what are some of the other areas i should look into as well.
As a beginner, how do i know i'm confident enough to actually start trading with real money? I don't intend to jump straight into trading but i'm wondering how much time i should invest on researching and self-teaching.
Is it possible to invest as low as $10? I'm currently residing in Canada and i'm not sure which broker is the best to use.
I honestly do have A LOT more questions but i will settle for the three questions above i have for now. Would appreciate if there are any professionals out there who could guide me along. Thanks in advance! Edit: I have been approached by a couple of "traders" through private messages promoting their own websites and courses with a fee required from me. Please do not approach me for any self-promotion for your business. Thank you!
Anyone have a recommendation for a place to start learning about forex trading strategies, or good AI Forex bot?
Anyone have a recommendation for a place to start learning about forex trading strategies, or good AI Forex bot? I have been doing some forex trading with a bot and manually, and have learned a ton. However the bot I am looking into something different.
I'm 23 years old, have $1000 to play around with, and am considering learning about FOREX trading or buying stock.
Firstly, I'd like to say that there is little to no repercussion for me losing all of this money. I've come across a bit of extra cash and I decided that instead of going with my first instinct - which was buying a PS4 and some games - I should use this opportunity to learn something new, start developing a portfolio, or start a tax-free savings account. I know a decent amount about international relations and geopolitics so I'm considering buying a book on FOREX trading and trying my hand at it. First I'd download a program that would let me play with hypothetical money before, of course. At the moment I know very little about it other than what it is at its core. Another idea I'm throwing around is buying stock in a Canadian commercial marijuana company before it becomes legalized in Canada over the next few years. Any advice or feedback would be really appreciated. I know that the 'I have $1000 dollars to use' question pops up all the time in this sub so I thought I'd try and make it a little more specific.
So, an old coworker of mine reached out to me about an opportunity to make money. It turns out that she is doing Forex. I know that Forex is a legit trading industry and just like any stock/trading market, you can make money from it and be quite successful if you are thoroughly knowledgable in the game. One problem that I found.. when I was talking to her and.. whoever runs the system "above" her is that they needed me to pay a monthly fee for every month until I bring in two new traders to join their system. Then they went onto explain that if I bring in any more people who are willing to sign up for the system, I will receive a monthly payment per person, starting with my third person that I bring in. The definition of pyramid scheme is "a form of investment (illegal in the US and elsewhere) in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones" When I consulted her about my doubts in this system that she is involved in, she simply stated that not everything can be free. I have been wanting to get into the stock market and learn how to trade for a while now, I think this would be an awesome side hustle. However, I am just not sure if I am being lured into a pyramid scheme.. Does anybody have any experience in this? or is it possible to learn about Forex trading on your own?
Usually Forex traders want to improve their trading strategies over time. There are many ways of doing so. This is why a large number of traders search for forex trading signals providers. In every single medium, their are organisations that provide advanced and accurate signals especially in the FX markets. The real obvious sign if they have longevity usually comes from how long they’ve been open or if they are too busy flexing on social media… needless to say there are some scams out there but some groups are worth their weight in gold. Telegram is a great messaging application where you can find several FX channels that will provide you with great content and signals in a wide range of FX markets. In this article, we will share with you some of the best Forex Trading Signal Channels on Telegram.
Forex Trading Signals FX (Learn about Forex Trading Signals UK - Forex Trading Signals)
Forex Trading Signals is one of the most recognised FX signals providers on Telegram. The company has been operating since 2018 and it is already offering users with great entry and exit points in Forex. The firm is also providing users with in-depth analysis which many other trading signals providers do not offer. This is good for both newcomers and expert traders that do not want to only follow signals but want to learn and understand how the market behaves. Furthermore, Forex Trading Signals focuses on quality rather than quantity. The main goal is to achieve good profits but without exaggerating with the number of signals sent to traders. They are also releasing monthly reports to show customers which were the best trades and those with the largest profits. Finally, the team at Forex Trading Signals wants to provide transparency. This is why they are usually available to answer the questions of traders and clients that want to have more information about specific trades or how the signals work.
FxProEra (google fxproera - Google Search)
This Telegram channel is providing VIP and normal Forex signals to traders from all over the world. They have 7,000 members and they share information about FX markets and trades in a large number of currencies. The company provides instant signals notification, 24/7 support and a customized and flexible plan for all of the traders. At the moment, they have not been registered by Safe.Trading as a recognized forex trading signals providers. The signals the firm provide are usually intraday signals after making the necessary analysis of the market. This is good for users that tend to trade on a daily basis rather than swing or long-term traders.
Algorithmic high frequency currency trading software
Does anyone know if there are any consumer available algorithmic high frequency forex trading software? The reason I ask is because I recently got into learning about forex trading and I have a couple of servers just sitting doing nothing and I thought it would be cool to have then do all the work for me. If you know of any such software that's available to consumers please tell me, thanks
I’ve been learning forex for about 2 months, at the moment I’m practising trading pullbacks with Fibonacci and candle stick patterns, this set up shows a pullback to the 50% retracement level with lines up with previous resistance now acting as support.
If you are interested in forex trading and don’t know where to start, then you are at the right place to learn about forex trading. In this series of blogs, I will be discussing couple of basic terms to know before diving into forex trading. One of the most commonly used term in forex is “ https://bizztrade.com/ ” or known otherwise as “Point in Percentage”. We shall look into detail what exactly is PIP, how can it be calculated and what is its benefits in forex trading. Defining PIP In forex, fluctuations of currency prices are quite minor and thus, they are measured in decimal points. A pip is considered as an incremental price movement with specific value dependent on the forex market. This standardized size of pip protects investors with huge losses. In some cases, a pip consists of the fourth decimal point of a price that is equal to 1/100th of 1%. For example, if EUR / USD moves from 1.07172 to 1.07182 then the difference in the rise in value which is 0.0001 USD equals to 1 pip. Defining Pipette Many brokers quote the value of pips in “5 and 3” rather than “2 and 4” which denotes the pip values in a fraction. These fraction values are called pipettes. Each fractional pip equals to “one tenth of a pip”. Each value of the pip or pipette will differ based on the currency that the investotrader has opened in. In a way, we can say that a pip value enables us to calculate the profit and loss before diving in to forex trading. Calculation of PIP PIP values varies based on the currency pairs that you are trading in. It also depends on the base currency and counter currency. The pip value is calculate via the simple formula as shown below: (size of a pip) x (base currency) = PIP value Another example of understanding what a pip value is that if GBP/USD moves from 1.30542 to 1.30543, then the 0.00001 USD increase is 1 pip value. Lets look at another example which denotes the calculation of PIP value in forex trading. We will consider the example of USD/JPY. In this case, the value of PIP depends on the exchange rate of USD/JPY. Suppose that the buy price for USD/JPY is 106.20 and the lot size is 10,000, using the above mentioned formula, the value of the pip will be 0.94 USD. Likewise, if you buy 10,000 USD at the rate of 106.20 yen and you earn $0.94 for every pip value increase. If you sold that same pip at 106.40 yen, then you gain profit of $18.80 but if you sold at 106.00, then you will lose $18.80. Now that you have understood what exactly is pip and pipette and how to calculate the value of pip before diving deeper into the world of forex trading, be very careful before investing money into money into currency where fluctuation levels are minimal in order to avoid losing your money.
I have just started learning about trading in forex market and it would be great if someone with experience could help me to come up with a trading plan
I just finished reading Currency Trading for Dummies and I now have some very basic idea of trading however I understand that I’m only starting and I’m going to stick with demo account for now. Now I want to start working on my trading plan and as I have learned there is no easy formula to make a trading plan however I think someone with experience could explain to me some flaws of my trading plan if there are any. For now I only have a very basic trading plan. I have decided to trade in 1h and 4h charts. First, I will look at a general trend because as I learned in the book it is better to not trade against trend and then look at resistance and support in daily charts. Then I will look at where prices are likely to break resistance or support and there I am going to enter the market. I plan to close my positions at some key resistance or support levels or when I learn how to use it maybe I will also use Fibonacci retracement. Hoping to hear andvice from someone who is familiar with such type of trading Thanks!
So, I started learning about forex trading, did some research and found someone who I thought was trust worthy. They even said they were Christians.. blah blah blah. Well come to find out the website that I used for trading was the scam. I am no longer able to login into my account to send my cash to my bitcoin wallet. What should I do?
Forex Trading Platform - Online Trading Strategy Check Out The Infographic Version Of This Article:learn the forex trading platform that can bring success to your online trading strategyOnline Forex trading has now become the most lucrative way to earn money around the world for both the traders and the brokers. Finance brokerages are trying every possible way to pull in customers and convert them as their loyal clients. While it is crystal clear that an online trading platform is a must to aloft your forex trading career, it is more important to choose the best trading platform among the thousands that are available online. Get to know how a trading platform performs and learn about forex trading that can bring success to your online trading strategy.
REAL-TIME DATA:-If your trading platform is not able to relay you the live market prices, it would be like a graph and chart displaying screen leading you to the darkest edges of trading losses. Real-time data becomes the key factor in trading and plays a crucial role in influencing your trading decisions.
USER-FRIENDLY INTERFACE:-You should feel comfortable enough to execute trades, understand what the platform is all about and be familiar with all the functions and features in the platform. It should deliver you a smooth experience and allow you to trade with less hassle and perplexity.
CHARTS AND TECHNICAL INDICATORS - THE MORE IN NUMBER, HIGHER THE COMPLEXITY:-You might have observed that some trading platforms have an endless number of charts and technical indicators. Being a trader, the more you get exposed to a wide number of charts and indicators, higher are the chances you tend to forget what you have already learned. A trading platform which has minimal but the most important charts and indicators are more reliable.
THE ABILITY TO TRADE ANYWHERE AND EVERYWHERE:-You cannot afford to miss opportunities when the market conditions are favourable. You must have access to your trading account irrespective of the place you are in i.e. your trading platform should be compatible with different devices either it is Android, iOS or desktop.
A BRIEF HISTORY OF YOUR TRADING:-Looking back always helps you to learn more and be the better version of you. The feature of analyzing your trading history can give you tons of added advantage and enlightenment when you want to improve your online trading strategy.
THE KEY TO YOUR TRADING SUCCESS WITH AX1 PLATFORM…
AX1 Trading Platforms is one of the most successful trading platform used worldwide by financial brokerages and traders. Being unique in its class, find out how AX1 trading platform could help you become a successful trader:
Real-time data is the most important factor in online forex trading, AX1 trading platform gets you accurate forex quotes at every instance without fail thus helping you maximize your gains.
A customer-centric and user-friendly design makes it stand above in its class. The elegant design makes you feel comfortable every time you use it. Experience a smooth and flawless trading platform.
AX1 platform offers you the charts and indicators which are easy to understand and trade with. Looking into and referring too many charts will not only confuse you but will also disrupt your trading career.
AX1 platforms are available in Android, iOS, Windows and MacOS allowing you to trade 24/7 without any interruptions.
It is important to stay on track by analyzing your previous wins and losses. With AX1 platforms you get detailed information of how your previous trades have ended up providing you with enough information and support for your futures trading.
To be a long-term successful trader, you must have the grit and perseverance along with the ability to make smart trading decisions. One such decision is choosing the platform you are going to trade with. To be successful, you have to go for the best.
You can accurately predict the state of future Forex trading and Economic markets in India right from today. It is the first step to learn about the risks and rewards of online trading in India. Register at http://dominion24.esy.es/register-for-webinar/ to know more details.
Your goals should be reasonably and reflect the current level of skill you have for this particular market. As you learn more strategies and skills you can adjust your goals accordingly. While, it's fun to jump in and risk it all, the reality of losing it all is much worse than you can imagine. Instead take a slow and steady approach with trading on your own until you are confident and have had a little success with certain trades or strategies to feel like you can run with the big boys without getting gobbled up. This is the right approach to learn how to start forex trading without losing it all and your self-confidence along the way. Take the time to consider the forex training platforms and options available before you jump in with both feet. Read the books, the blogs and other veteran advice about the basics of forex trading. Then find a free trial of forex software and using all the training aspects to learn everything you can about not only the forex market, but how, when and why to make trades. This will help you understand the strategies involved with trading and help you build the strategies you'll use to meet your monetary and success-oriented goals. The forex trading market is a market of foreign currencies that works with a variety of countries and is available to trade on 24 hours a day. This leaves a larger window of trading than conventional markets and allows you to be involved in trading of currencies for countries other than your own and therefore able to cash in on stronger economies and fluctuation in dollars of all kinds. While, you do need to learn about forex trading, you do not need to be a broker to do so and this is the great appeal of trading on the forex market. Forex trading does take some skill and strategy, both of which you can develop by learning about the market and practicing on a training platform. Training platforms are available online and can be used to learn how the market works, learn strategies for successful trading and allow you to build your own strategies and successful trades without risking your own money. https://forexprofitideas.com/tube-crusher-review/ https://forexprofitideas.com/xtb-review/ https://forexprofitideas.com/fibo-quantum-review/ https://asrightasrain.co/deer-antler-plus-review/
You are probably wondering what the best way to learn Forex trading might be. The best ways to learn Forex trading varies from person to person, but you can learn a lot by getting started with just following this Forex trading blog. You will learn about Forex trading fundamentals, strategies and live trading experiences shared by Kishore M.
When I was engaged in cryptocurrency I was also trying to learn about forex trading. It was an so interesting like cryptocurrency that I tried hard to learn it so that I can trade on some platforms and get some gains/profit from my trades. During these days of learning forex I bumped to something called Binary Option which was another term for forex. Binary option or forex for some are form of gambling where other countries banned it for fraud. The problems with binary option are most traders trade against the brokers. These brokers are the firms that provide trading platforms for traders. Mostly they have the upper hand because trading happen on their platform/backend where manipulation of data can be done which will certainly end up to traders losing their money. There is no transparency at all on that making trust a big issue on the industry of binary option. Thus, with these issues BETEX wants to provide solutions. I made a short presentation about BETEX BETEX is peer to peer binary option platform that provides transparency and eliminate the trust issues around the traditional forex market by using the Blockchain Technology. It will give benefits as well to the holders of their Betex token and brokers, where a 50% commission from the profits generated by the platfom goes to the holders while 40% goes to the brokers. All transactions will happen on the ethereum blockchain where withdrawals will be instant and on the platform no deposits needed to start trading. Problems to be solved: Lack of transparency Trust issues Corruption This shows that all are interconnected to a smart contract where it will be the backend of this project. The only drawback is the limited scalability of the ethereum network. TRADERS CAN INTERACT BETEX VIA: Web-based interface — ready Mobile applications — in development Desktop applications — in development The uses of these interfaces will likely almost the same as the traditional platform where traders choose what pair of currency they want to trade and what timeframe they want to monitor and place their bets. There platfrom will provide the CALL or PUT option for the traders to choose. A 5% fee for each trades will be charged for the services of the Betex platform BETEX AND SBT TOKENS Stable Betting Token (SBT) is worth $1.00 and it will be stable as it is. It will be use as mode of payments for the brokers and winners of the trades. The SBT tokens are issued automatically by the smart contract with each exchange request. Burning of tokens will happened on a reverse exchange and the total funds will reflect on the system itself. Betex Token is the main token in the system. BETEX is issued once in the amount of 10,000,000 tokens. The benefits of the token holders comes from this which 50% of the platform gains. CONCLUSION: Betex will eliminate the issues regarding trust and less transparency where traders on the traditional trading platforms have extreme problems. The transparency that the blockchain technology, uses by Betex, provides ease to the traders like me. Last, Betex makes sure a proper betting platform will be use by traders around the globe that will create an incorruptible business logic into everybody‘s value system and holders of their token and brokers will profit by the commission given by the platform. TO KNOW MORE ABOUT BETEX, VISIT THE FOLLOWING LINKS: Website: https://betexlab.com/ Whitepaper: https://betexlab.com/betex-wp.pdf Bitcointalk: https://bitcointalk.org/index.php?topic=2518678 Medium: https://medium.com/@betex Facebook: https://www.facebook.com/Betex-L... Twitter: https://twitter.com/betex_tokens Telegram: https://t.me/betex_ico Kindly follow me on: Facebook: https://www.facebook.com/Kho2x Twitter: https://twitter.com/cocojam061015 Medium: https://medium.com/@ricodominoco... Reddit: https://www.reddit.com/useCoco... Quora: https://www.quora.com/profile/Rico-Domino-Collina Steemit: https://steemit.com/@cocojam0610 Youtube: https://www.youtube.com/channel/... Bitcointalk: https://bitcointalk.org/index.ph...
I have been trying to learn more about trading on Forex by using paper trading. Probably a stupid question but I put a limit order to buy at 1.32755 and it passed by and went to 1.32752 why did the buy order not go through?
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Learn to Trade Forex. If you’re interested in profiting from the multi-trillion pound forex space, then you’ll be buying and selling currencies. The overarching concept is to make a profit as and when currency exchange rates move. As such, you will be trading a forex ‘pair’, which consists of two different currencies. As you may learn over time, nothing beats experience, and if you want to learn forex trading, experience is the best teacher. When you first start out, you open a forex demo account and try out some demo trading. It will give you a good technical foundation on the mechanics of making forex trades and getting used to working with a specific ... Learn forex trading at BabyPips.com's learning center. We offer online trading courses, interactive quizzes and a forex glossary. Currency trading? Forex trading? FX trading? Totally clueless about Forex? Here’s an introduction to the foreign exchange market. For those of you who are complete newbies to Forex trading and are trying to learn the ropes, it can often be an overwhelming and daunting world, but it doesn’t have to be. Forex trading in the spot market has always been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on. ... You can learn more about the ...
Trading Forex for Beginners - The Basics - YouTube
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