Of course, the critical step here is to link all of these accounts together using the Local Trade Copier™ software. You can do this easily and quickly, and it is a tried and tested way to clone trades from one account to many. If you need a more detailed explanation, check out my...
Start trading from TradingView: With your accounts connected, you can now use TradingView's charting tools, technical indicators, and other features to analyze markets and execute trades directly from the platform. Simply select your desired trading instrument, set up your trade parameters, and place...
Indeed, if you do not have some kind of system or method which tells you when to enter and exit trades — get one. A checklist for trades can be a part of your trading plan. Your trading plan will help you organize when you watch the charts, when you trade, what timeframes you ...
Limit orders:A trade direction given to a broker to execute a forex trade in a specified amount at a specific exchange rate that is generally better than the prevailing exchange rate. Execution of a limit order generally only occurs when the market trades at or beyond the specified exchange ra...
HowToTradeTrendsInForex–ACompleteGuide——NialFuller翻译:六道流浪漢 Asamarketmoveshigherorlower,itspreviousturningpoints,orswingpointsasIliketocall them,becomereferencepointsthatwecanusetohelpusdeterminethetrendofamarket.The mostbasicwaytoidentifyatrendistocheckandseeifamarketismakingapatternofhigher ...
A cup and handle is a chart pattern made by an asset’s price indicative of a future uptrend. Learn how to trade this pattern to improve your odds of making profitable trades.
to teach the trader exactly what he needs to do to become a successful professional trader. Together, the trader and I develop a detailed written trading plan that clearly identifies set-ups, sizing, risk and loss limits, as well as strategies to exploit winning trades and maximize winning ...
1.3 Copying trades From the above examples you see that to obtain the same profit, it is not necessary to transmit signals produced by the Expert Advisor written in MQL5. You only need to repeat the volumes of trading positions. Although, due to some reasons that will be discussed later, ...
Risk-reward ratio: This compares the potential profit from a trade to the potential loss. A common risk-reward ratio is 1:2: You risk $1 to potentially earn $2. Maintaining a favorable risk-reward ratio ensures that your winning trades are larger than your losing ones and this helps you ...
On the other hand, if you execute your trade according to plan but still lose money, you must view that as a successful tradebecauseyou followed your plan. Every good trading plan accounts for losing trades. If you beat yourself up over a losing trade that was made according to plan, you...