"Great! as l'm looking to trade for the first time, l will crack on with demo first of all before investing. If l want to make $2 or $5 per pip, how much would l invest? what about leverage?"
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How can I open / close a trade in Metatrader 4?
Started this discussion. Last reply by Clayton Jul 1, 2012. 1 Reply 0 Likes
To open a trade in MetaTrader 4, press F9, pick the volume. Note that volume as 1 = standard lot of 100K. If you are trading mini or micro lots adjust this number as desired. Next select Instant…Continue
What is MetaTrader 4?
Started this discussion. Last reply by chris too Oct 21, 2012. 1 Reply 0 Likes
MetaTrader 4 aka MT4 is a forex trading software available both for windows and mobile platforms. MetaTrader 4 is developed by MetaQuotes Software. It is widely popular and has many indicators and…Continue
What types of accounts are available?
Started this discussion. Last reply by Nasser Rashid Mar 3. 2 Replies 0 Likes
Micro accounts that allow trading minimums in sizes of 1K lotsMini accounts that allow trading minimums in sizes of 10K lotsStandard accounts allow trading minimums in sizes of 100K lotsMost forex…Continue
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chris too replied to Hitesh's discussion What is MetaTrader 4?"is there a metatrader platform for mac users?"
Hitesh replied to Sardar Uddin's discussion Task 2 - Trend line and Channel - Marcell in the group Learning Forex"Another way to identify a trend is to add the Heiken Ashi indicator. See image below. Notice that candles stay green when the trend is up and they change to red when trend is down. You can use the HA with EMA 200 in combination to get a better entry…"
Hitesh replied to Sardar Uddin's discussion Task 2 - Trend line and Channel - Marcell in the group Learning Forex"The blue line in the pic below shows EMA 200.
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Hitesh replied to Sardar Uddin's discussion Task 2 - Trend line and Channel - Marcell in the group Learning Forex"I often use EMA 200 to get a general sense of the trend. One can also connect the high points or low points for # of bars/candles to identify the trend."
Ken Brennan replied to Hitesh's discussion Trading with Fibs in the group Learning Forex"Hitesh, interesting observation. Very creative."
Kishan Manwani replied to Hitesh's discussion Trading with Fibs in the group Learning Forex"Its better if you use a daily candle, this stratgy is fairly good but not always you have to be tight with your stops
and to sardars point the open and close are the highs and lows for fibs / It works sardar you can try it"
Hitesh replied to Sardar Uddin's discussion Learning Forex - Task 1 (Support and Resistance) in the group Learning Forex"Interesting find. Post an updated screenshot for sun,mon,tue when the market opens. Would like to see how this turns out."
Hitesh replied to Sardar Uddin's discussion Learning Forex - Task 1 (Support and Resistance) in the group Learning Forex"To minimize risk have you looked at trading using 1H chart? Do you visually identify trend or do you use an indicator?"
ed replied to Hitesh's discussion Trading with Fibs in the group Learning Forex"fibs can also be used to determine a retrace in a trend to help with a possible entry"
Hitesh replied to Hitesh's discussion Trading with Fibs in the group Learning Forex"Updated picture
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Sardar Uddin replied to Hitesh's discussion Trading with Fibs in the group Learning Forex"Fibs should be used when the move has ended so one has a clear High and Low of the Swing. In your trade how do you determine if the large bearish or bullish candle is Low or high of the swing. There are good chances that trend can continue and dont…"
Hitesh added a discussion to the group Learning Forex
Trading with Fibs
I've been experimenting with Fibonacci retracements for past couple days .. Here is what I came up with. Use the 1H chart, when you notice a really large candle forming, towards the end of candle time 1-2 mins before close, draw a fib retracement from top to bottom if the candle was red and from bottom to top if the candle was green, then put a buy entry order in if a candle is red at the start of the fib, sell order if candle is green at the start of the fib, set take profit/limit to 61.8%.…See More
Hitesh replied to Sardar Uddin's discussion Trades in the group Learning Forex"Although the bias was short, it seemed staying into this felt risky. Closed out the trade due to lack of momentum/direction. Some economic news is out tomorrow for JPY."
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Is this a potential for long?? EUR-USD 200+ PIPS??
Posted on July 18, 2012 at 10:54am 1 Comment 0 Likes
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