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 $10 per pip value on majors). But how is lot sizing determined with Crypto pairs? I'm interested in trading crypto-against-crypto (for example LTC/BTC). Is there an online calculator somewhere where I can easily determine the value per pip (or "tick"?) based on leverage and lot size? Sorry if this has been answered a bazillion times.
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Hello Guys, after backtasting a lot now it is time for Trading with real money. One question. Which Broker do you recommend? Is it possible to do trading with round about 500$? How about IQ Option or TickMill? Thanks in advance.
After a short research run which investment platforms suits my appetite, I've resulted to go for Forex. You have control the volume of your appetite and when would you digest it whether be good or bad for your stomach. Unlike other investment methods though reasonable and concrete, there's a great turnaround period which could be served as spoiled for me. Oh, sorry about the bad illustration but I know you get my point. Anyways, done to the point. I've heard about Forex brokers like Oanda, FXCM, etc. They share both positive and negative reviews. Yet, I know there are still other Forex brokers out there based here in PH or overseas. I want to know them and know where they're good/bad at. Note: Am fully aware of pro/s and con/s of trading in Forex. Have been playing at Oanda FXPractice for months already. Edit
Not getting the right context of comments, instead reading hindrance to deal with Forex while fully aware of it.
Many of you maybe still work a 9-5 full time iob and daytrade too. My question is, how do you manage to stick to this long term? To learn how to trade after you came home from an exhausting job. How do you find your balance? In my case I work 8-5. I commute between 1 hr - 1hr 30 mins drive so I wake up at 5:30, I leave around 6;40 am and I get home at around 6:40 pm usually. By the time I’m home I’m completely exhausted, I need to do my workout, do housework and I try hard to stick to my listings and the news. (i also use the hour lunch break to analyze the market). I also have a small night self care routine (girls will understand this need more maybe). But my mind is too tired. Maybe I do something wrong but I feel long term I can’t do this at a professional level if I also keep my full time job. I’m afraid to drop my job now in corona times. The crisis may hit harder and I’ll need sn income. Maybe I do something wrong. Maybe you handle this better. Are you able to trade while you are at your work? How do you cope with it? Thanks guys! Best wishes!
CFD Navigator: New Trading Contest Starts July 6 Recently Forex broker FXOpen introduced new trading instruments, including CFDs, oil, and natural gas. ForexCup couldn’t but follow the suit. Today we launch new contest called CFD Navigator. Lots of prizes 3 PAMM Accounts.
Hi, I'm new into Forex and I have some questions. (sorry for bad grammar but I'm not good in English)
Hi, I live in Portugal where making 800€ its an "decent" amount of money per mouth. I'm not rich, but I'm not poor either but I'm a bit limited about the deposit volume. I can't give 1000€ and to speak frenkly I'm looking for a good broker with a good laverage where I can spend about 10€ - 100€ max. Like a said, I'm new, I'm a student and I hope someday I will make a living with forex. I know it's a lot of work, I don't know what strategies I'm looking for or what indicators are usefull or not, the only strategie I know so far is the how to identify a trend. I'm curious about all the groups on Instagram about courses, but I like to think that I'm not that dumb and I don't want do fall in a scam choosing a wrong "guru". I have some books to read about forex but again, I don't know if they are good or "modern". So, my questions are: . Is there a good broker with a honest laverage for someone who can only spend 100€ max? . What are the main strategies to study first? . What's better, 1min trade? Day trades? Months trade? . Are robot are actually good and if yes, how to install? . Are copy trading actually legit?? Thanks for the time spend reading my problems and sorry again for the bad English.
Journalist looking for information/leads on forex scams in the era of COVID-19
Hello Forex! My name is Ed Prideaux and I’m a UK-based journalist (VICE, BBC, FT, Guardian, Independent, Spectator, etc.). I’m interested in writing an article about how scammers are using the internet - and especially social media platforms like IG - to recruit new bait amid the financial stresses of COVID-19. One area I want to explore is Forex trading, which has attracted its fair share of fake gurus, 'mentors' and other scammers for a while. I’m looking for tips, potential leads, and things to read and check out. Please share anything and everything you think I should see, and especially if it’s connected to COVID-19 and the economic slowdown. Ideally, I’d also like to source some testimonies from people in the sub-reddit who were recently scammed. As above, I’m especially interested in hearing from those who were targeted and fell for a scam because of financial hardship triggered by the global recession. For testimonies, everything would be anonymous on request. If you want to help, feel free to PM me or leave a comment, and I’ll PM you. Thanks - Ed
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