Forex newbie questions - Pls help - Page 2
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Thread: Forex newbie questions - Pls help

  1. #11
    Now I was checking spreads and watched 1,250 point spread for USDZAR and 800 for USDMXN.
    Is it plain simple that I need to just dismiss these risky pairs? Is there some reason?

  2. #12
    Quote Originally Posted by ;
    quote You will find brokers offering 1:1000 leverage, '' I am not sure that picking this is the most sensible idea.
    I don't really find any issue with that. When a new trader sees there's room for more trades since he's using high leverage, he attempts to boost lot size for more profit, that is the point where the risk is. High leverage in itself isn't bad in anyway. High commerce volume is the issue.

  3. #13
    A tighter spread is obviously better ... disperse should be considered as a cost to your open and final from a transaction. Plus at that disperse you'd better have big take profits / stop losses. On the other hand when you have a egy which works with these pairs and takes the disperse into account then go to it ...

  4. #14
    Quote Originally Posted by ;
    A tighter spread is always better ... disperse should be regarded as a cost to your receptive and closing from a transaction. Plus at that disperse you'd better have big take profits / stop losses. On the other hand when you have a egy that works with these pairs and requires the disperse to account then go to this ...
    I see. Thank you

  5. #15
    You do not need to download Mt4 trading platform, mostly brokers offer mt4 trading (few broker offers mt5 as well as others platform), therefore download your brokers platform (mt4). By the way, mt4 has become the most popular trading platform in Forex marketplace.

  6. #16
    Quote Originally Posted by ;
    A tighter spread is obviously better ... disperse should be considered as a charge to your receptive and final from a transaction. Plus at that disperse you'd better have big take profits / stop losses. On the other hand if you have a egy that works with these pairs and requires the disperse into account then select it ...
    It depends on which trading methods you're using at this time , in case you currently doing scalping of course tighter spreads may causes a great trouble when using scalping. Because , success on scalping constantly is determined by most cheapest trading spreads.

  7. #17
    Quote Originally Posted by ;
    quote I don't really find any issue with that. Every time a new trader finds that there's room for more trades since he's utilizing high leverage, he tries to increase lot size for more profit, that's the point where the risk is. High leverage in itself isn't bad in anyway. Commerce volume that is high is your issue.
    I agree, actually. My purpose was, higher leverage may be a double-edged blade if you choose precisely the kind of risks you are describing. Some people do that. What I meant was everything you said, '' I should have clarified, my apologies.

  8. #18
    Hello. What would happend with the price of, for example, EUR/USD if anybody buy 10Â 000Â 000 of EUR? I dont know how big the amount must be to affect the price. (You said newbie questions)

  9. #19
    Quote Originally Posted by ;
    Forex newbie here. I will continue to keep a demo account for few mo. to see if I could survive. I have some questions so pls help me. MT4 - I went to the MT4 website and clicked MT4 to download it however I see 5 on the icon and all files at the indior folder have ex5 mq5 extensions. Does that mean this is MT5 not MT4? If so, would this be a problem if I want to use a custom indior from this forum? 2. Indior alert (noise push notifiion) - this wouldn't work if my computer is away perfect? Is there any delay until you actually...
    1. You have download MT out of your broker. Once you open your demo account normal broker provide a connection for MT4 with some broker's presetting.
    2. Correct, a Forex trading platform requires 24/7. You can use VPS for EA
    3. Be mindful about little spreads ordinary it means commissions.

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