10 Top MT4 Broker: Die Top MetaTrader 4 Forex Broker 2020

Started from the bottom and I finally made it! My tips for new traders starting.

A little background, 23 year old dude from Singapore with IT background (Ethical hacker), friend introduced me to Forex which he eventually quit but I didn't. I love challenges and now I plan on taking up Forex trading as a career apart from my passive income jobs.
When I first started trading, I was frustrated! I had so many unanswered questions, why do I keep getting stopped out? Why are my profits so low? Why was my trades always going opposite only once I opened. Is my broker trading against me? So I paused and walked away from the charts for a few weeks, in that break I took it upon myself to understand more about Forex before opening the charts again and here is what I learned. Mind you, I did not buy any course or Indicators! All I did was read articles on the internet, watch a ton of YouTube videos and tried almost all indicators .

Here we go, my tips. These are based on my views
  1. UNDERSTAND BANKS AND BIG FINANCIALS INSTITUTIONS MOVES THE MARKET - No retail traders will be able to move the market like how the Big Banks move the market. You need to understand how banks move smart money and dumb money.(Will explain more later in the post)
  2. STOP SEARCHING FOR THE HOLY GRAIL - No indicators is going to tell you where is the best entry or best exit. They often lag and are behind time so by the time you enter a trade, the trend has already moved a certain percentage causing you to lose precious pips that you could have gotten as profits. Instead look at the charts to search for "low risk, high probability trades" (Will explain more later in the post)
  3. LOOK OUT FOR NEWS (fundamentals) - Big impact news move the markets with big moves, don't get stopped out because you entered at the wrong time without knowing that there is a high impact news in a few minutes/hours. It might hurt your account badly even through you have a stop-loss. Understand the nature of the news and how it will impact the currency.
  4. DO NOT CHASE PROFITS - Chasing profits will be the number one reason you blow your account because no amount of money will satisfy you, you will always want more. Trust me, I've been there and done that . Instead start looking at percentage earned and loss, because in Forex you need money to make money. Lets say you have a target of 5% a month, with a $1000 account that is only $50 and doesn't seem significant but do that with a $100,000 account and you will get $5000 every month. I think you will get it by now. You can't just open a $1000 account and expect to be a millionaire in 1 month. Greed will take over you and you will blow every account you open.
  5. DO NOT OVER LEVERAGE YOU ACCOUNT - By over leveraging you will be able to open larger lot sizes and you will feel good that you can use less money to earn more profit! Then you will start trading, say you profited your first trade and you feel good about yourself. Profited your second trade and feel even better. So you go bigger in the third trade, and guess what? You lost this trade. And this one loss is enough to wipe out your whole $1000 account.
  6. MORE TRADES DOES NOT GIVE YOU MORE PROFITS - As a trader you should understand not every trade will turn out positive, there will always be negative trades. And at times you can have more negative trade than positive but still end up with profits at the end of the week? This is where quality over quantity trades comes in play. Lets say for example you had 4 losing trades and 2 winning trades, your losing trades are 2% each and your winning trades are 8% each, add them up and you will still have 8% profit. This is also a very important part called risk management. YOU MUST UNDERSTAND RISK MANAGEMENT ELSE YOU WILL ALWAYS FAIL IN FOREX.
  7. NEVER CHASE THE MARKET - Markets move 24/7 from Monday 5 AM to Saturday 5 AM (Singapore time, GMT+8). There will be plenty of opportunity to enter the market. You don't always need to have an open position during this time to feel like a trader. Smart traders look for the best opportunity to enter the market at certain levels. Missed an opportunity, don't worry! There will always be another opportunity, trust me! By chasing the market and always trying to open a position, it will only cause you to blow out your account faster.
  8. PATIENCE PATIENCE PATIENCE - I can't place more emphasis on this point. Once you have analysed the market and placed your trade, be patient and let the market work for you. By you sitting at the screen 24/7, the trade is not going to go by your way magically. Remember Bulls will Profit, Bears will profit, only Pigs will get slaughtered! Don't let greed eat you alive.

Now lets talk about the "low risk, high probability" trades and how I trade. Trading is easy, if you take some time to understand it.

How I trade? That's a simple question. I use supply and demand together with fundamentals. I keep my charts clean off indicators. I know I know as soon as I say supply and demand, some of you are going to be like supply and demand doesn't exist in the currency market. But I hope you understand this are my views.
Supply and Demand
Supply and demand levels are zones that tend to be tested again and again till its broken creating another level for supply and demand. You are basically trading against the trend and I know people will be scared and think I'm dumb for saying. But once I learned this theory and started practicing it, I kicked myself in the bum for being so dumb all this while. This zones are also known for when banks throw large amount of money into the market. Bank traders do not have their screen cluttered with tons of indicators like retail trades who is just in search for the holy grail. They practice supply and demand. Let me put it in a easier context, It is basically buying a currency at wholesale and selling it at a retail price. People always practice this everyday in life like buying more of a certain item just because it is on discount at a supermarket but I don't understand why they neglect it when it comes to Forex. It is no different here in the markets. I am not going to say no more, as I want you to google more about it and understand it yourself, that is the best way you will learn better. Watch YouTube videos, read articles, see how bankers trade, understand why they place the trade.
Also understand that there is no supply and demand in lower time frame like M1 or M5, its just noise. For myself, I use H1/H4/D1.
I make 100-200 pips per week and that is enough for me currently, Remember don't be greedy.
However when there is news events, supply and demand may be ignored due to the nature of how fundamentals affect the market differently. Understand the difference and with that I have came to the end.
Remember to treat yourself once in awhile when you do good each month, You will enjoy trading better. Let me tell you the best part about trading, is that you can work from anywhere in the world, be your own boss and never be pressured by anyone.
If you have made it this far, I thank you for taking your time to read this thread. This may be your first step to success.

HAVE A GREAT WEEKEND AND HAPPY TRADING

submitted by Rishanan to Forex [link] [comments]

[ESTRATEGIA SCALPING M1] Entrada Gatillo FOREX de UN MINUTO ✅ 100% Recomendada M1 And M5 Time Frame Short Term Forex Trading Strategy  Taniforex Scalping Indicator Urdu Tutorial M1 ( 1 Mint ) Time frame Forex trading  Short term FX tutorial in Hindi and Urdu by Taniforex (LIVE TRADING) $1500 IN 7 Mins SCALPING LIVE - So Darn ... best scalping strategy with EMA,M1FOREX wizard scalping m1 indicator NFP LIVE TRADING 2019 forex strategy - YouTube

One of the leaders in the industry, HotForex offers various types of trading accounts to suit all trading styles. For an ECN account, the MT4 is the perfect choice with $4 commission per traded lot and spreads as close to zero as possible.All these make HotForex one of the best ECN Forex brokers for scalping financial markets.The broker are also active around the world with availability of ... M1 Trading Signals Forex System. Some traders in the forex market are known to exhibit extreme patience, allowing time to wait for the perfect trade setup, while we have others who need to see market moves occur quickly. It is for those impatient souls that the M1 Trading Signals Forex system is designed for… The strategy trades off the 1-minute forex charts, so there will be plenty of ... M1 Forex Scalping Trading Strategy. The M1 (1-minute) Forex scalping trading strategy is a smart scalping system that is designed to allow traders make incremental profits and pips over a short time span. Repeated, traders are able to accumulate these gains into a substantial amount, thereby proving to be quite rewarding for currency traders. For instance, in the United States, M1 includes cash and checking deposits. M2 on the other hand, encompasses M1, but it also considers savings deposits, money market securities, mutual funds, and other time deposits. M2 is one of the most widely used measures used to analyze the money supply. Also called “near money”, the M2 shows that from the year 2000, the velocity of money has been in ... Ein tiefer Vergleich von MT4-Broker aus dem Vereinigten Königreich und Europa. Vergleichen Sie diespreizt, Features, Ausführung und weitere der besten MetaTrader 4-Broker zu finden,Forex-Handel mit im Jahr 2020. M1 Finance was built, in large part, as a robo-advisor tool to help people automatically invest in stocks and ETFs that pertain to their interests and goals. With M1 Custom pies, you can hold up to 100 different ETFs and stocks. In this detailed M1 Finance review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.. M1 Finance is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to ...

[index] [27515] [5724] [20525] [8433] [911] [20970] [14257] [29326] [2198] [20011]

[ESTRATEGIA SCALPING M1] Entrada Gatillo FOREX de UN MINUTO ✅ 100% Recomendada

1 mint time frame ( charts ) is lowest time frame in Forex trading. in this time frame every candle duration 1 mint. in every mint candle change. many traders want to trade in 1 mints time frame ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Best Forex Trading Broker of 2020 Online FX brokers Pakistan, India Tani tutorial in Hindi & Urdu - Duration: 27:38. Tani Forex 1,583 views. 27:38 . The Ultimate Candlestick Patterns Trading ... 👉👉 Estrategia Rentable Scalping 😎😎 2 Indicadores que Funcionan para una en Forex 15 minutos ⏰ - Duration: 46:43. Forex Trading Academy 45,979 views 100% scalping strategy you never see. ULTRA PROFITABLE 5 Minute Forex Scalping Strategy using 200 EMA Stochastic Heikin Ashi - Duration: 9:51. Forex Trading Pro 1,467 views The So Darn Easy Forex™ Movement help THOUSANDS of Forex traders from all across the world achieve extraordinary results in long term and short term trades. ... best indicator,best indicators for forex,best indicators for day trading,best profitable indicator forex,best indicator zerodha,best indicators for stocks,best nrp indicator,best reversal ...

https://binary-optiontrade.matchkay.ml