Hi everyone, I'm currently trading with a demo account and plan to do so for a while. I made some calculations about risk, and I want to know if I made them correctly. I am trading exclusively on EURUSD, and since I plan to dedicate 1000$ to forex, I'm currently opening trades of about 140$ each, because that's the lowest the trading platform allows. I'm using etoro because is the only one I found that lets me keep the virtual portfolio forever. So I should be risking 14% with each trade, but with stop loss set at roughly 70$ it should be 7% (right?). Also I made this reasoning, again tell me if I'm completely off or not: EURUSD has a mean hourly volatility of 0.25% as per https://www.myfxbook.com/en/forex-market/volatility/EURUSD, so I could take this into account? Should the real risk be lower, since if I look at the chart each hour I should notice when I'm losing too much, effectively never losing up to 70$ where the stop loss is, except in really exceptional situations? Another thing... the leverage I'm using is 30x again because it's the only one that allows me to open a position of 140$ on etoro. How to take this into account? I read that risking only 1% of total balance is usually recommended, but I don't know if I'm able to find a broker that suits my needs and also allows for such micro positions on EURUSD. I could maybe wait to have more money to dedicate to the account, and if my reasoning about risk is wrong I would do so. Thanks in advance for the help
Should i stick to the Stock market or switch to FX? ( 600 euro account)
Hello guys i have been "long term investing" for like 1.5 year now started with 380 dollars. I had shares in AMD but i sold them out at around 34 dollars. The reason i did that was because i kept seeing every day the price going up and down at a veeery predictable manner. I started searching what was causing this and i stumpled upon day / swing trading. It sounded sketchy at first and backed by statistics like " 95% of day traders lose money" ( great way to lie with statistics btw) so i have been hesitant to start engaging in it. Eventually i started digging really hard in it for the past month or so and i even have been successful in most of my trades. ( small gains around 5-10 bucks or break even) So my goal now is to grow my account to 5000 dollars and after that having a goal of ~20% per month (The reason for this is because it is double the minimal wage in my country , Greece). I searched a bit in here for guys in simillar situations and most of the times i see you guys suggesting the FX market as an easier way to grow a small account So how does the stock market compares vs the FX market?. Big factor for my situation : I use Etoro it has 0 commission fees and for technical analysis i use webull(Although i would love to have lvl 2). Cons on stock market for Etoro : limited amount of sto ks it mainly has large cap stocks since they are more popular. A couple more things for me : 1) I am shiting bricks when i open positions with bad fundamentals even though techinal analysis supports my decision (looking at you Nio) 2) I like both intraday and swing trades. 3)I never used leverage even though i know what it is and i am kinda hesitant using it 4)I really love that the Forex market is open 24/5. Overall i feel this is a great opportunity for someone in Greece because : You are taxed at 15% (7% less than having a job) Minimal wage is 550 euro per month (Although you will be lucky to find a 8 hour job) Cost of living is around 550 euro per month for housing and food( no car) You can be a consistent trader for a living and be categorised as unemployed and getting free welfare checks :p (spoked with my fathers accountant about this) That's all folks i would really appriciate your opinions :) TL:DR : Stock market or Forex market for growing a small account?
Heads up for those who intend to invest in the Stox ICO
Let me begin by saying that despite my ongoing criticism, i appreciate Bancor's protocol for enabling speculative tokens exchange. I don't think Bancor is a scam or a worthless investment However, i think that investors have the right to be informed about projects they are about to invest so i took the time to collect that information. Techcrunch and other articles that mention invest.com as some veteran company raking in gazzilions of dollars and Stox as a fresh, exciting company (Yay journalism propagating press releases) are slightly inaccurate. for both of these cases. Invest.com is a domain that was bought specifically for Stox for a hefty sum of $5M (Yep. not making this up). Stox was once called Stox, then renamed itself to Getstocks (45K monthly visitors) and now set up a "new" company called Stox. In essence, they were a "regular" investment platform that raised $20M (technically Invest.com raised the amount, but Invest.com is basically Stox) from investors (and dealt with fiat, so no need for that new token, obviously) for a social forex investing platform not unlike Etoro, before their current "prediction market" route they've taken. they got into financial problems and had to fire employees because of it and if their annual volume couldn't sustain 30 employees, forget about the $50M in profits. from what i gather, they had around a couple of millions in volume. As for Invest.com. Don't confuse Investing.com and Invest.com. both are Israeli platforms but with a slight difference: Investing.com has 66M visitors a month, for an average of 10 minutes a visit and 50% bounce rate. it is an established trading news platform and a very popular one at that. if it was investing.com which issued the ICO, i'd be all over it. Invest.com has 400K visitors a month, for an average of 48 seconds a visit and a 82% bounce rate. there is no way this is an active platform with the volumes they suggest they have. no fricking way. the numbers simply doesn't add up. So where do those magical numbers come from? Invest.com bought a binary options company called AnyOption.com and retained their databases. Binary options were having a hard time in Israel because many realized they were basically gambling platforms rather than trading ones, despite marketing themselves as the latter. many of these got closed due to legal implications. a typical company like AnyOption used to hire hundreds of sales people that were spending hours aggressively calling all over the world trying to convince people to trade in their platform. they were hard spammers that promised easy entry into stock trading but in practice provided for a high risk, low reward gambling. With the purchase of AnyOption.com, Invest.com supposedly got AnyOption.com's costumer base so they could claim their volume as the former AnyOption volume, however, a quick glance at their website data shows that their lack of activity really hurt them (down to 250K visitors a month). **It is also important to know that AnyOption founders have recieved shares in Invest.com, so investing in Stox is rewarding AnyOption founders as well. So those billions in volume, tens of millions in profit and millions in clients are A. not Invest.com figures, B. outdated and diminished by now. To summarize, i am not saying Stox is a scam, or that Stox doesn't have potential. i just want to stress out that the information you are getting is vastly inaccurate and i believe you are entitled to a more honest overview.
I'm stuck about the right place and time to enter trades
Hi Everyone, I've been in Forex on and off for several years, with numerous demos and two live accounts. I'd like some advise, but first I'll tell you all a bit so you'll know where I am in my Forex journey. 1) After doing some courses to learn, My first live account was with etoro in 2012. Demo was excellent but the real account was a disaster. I think etoro screwed my account because I was literally sitting and staring at my screen when 8 different trades opened for themselves, and in a couple minutes wiped 80% of my money. This literally happened in about 5 minutes and I wasn't even touching my computer to do anything. I have never in my life opened 8 trades at once, which is why I suspect that they screwed me. As I said this was in 2012. 2) My second live account was with Hotforex in 2013. Demo was going well and I made a live account after. I was successfully making small trades with small profits mostly using 3sma system combined with trendlines and some support and resistance levels. Then a family tragedy happened, and I needed money, so I withdrew money from my live account and closed it. 3) From 2014 - 2017/ early 2018 I've mostly been on the move and off the grid (for personal reasons). Now I'm back in the regular world, need something to do and I'm looking at Forex again. You may ask why I'm considering Forex and not a regular job? Because I have a large number of health problems including chronic pain, which means I don't have enough strength for a regular job. Since my mind is good, I figured Forex could work, since I actually did it for a while in the past. I'm not looking to get rich, if I make $ 300 a month that's good enough for me. 4) For the last 2 months I've been trading a demo with Oanda. It's not going to well. I find that the same strategy I was using back in 2013 is not working anymore. Mostly because the setup for such trades is idealistic and doesn't happen often. 5) I've been experimenting with price movements and I am now at a stage where I can more or less predict which way the market will go. However this leaves me with 2 problems. A) The price does move where I expect it to, sometimes in 5 minutes, and sometimes in 5 hours. This also depends on the timeframe used. B) Because of the uncertainty of time in (A), I am having confusion on where and when to actually enter my trades in to the market. I don't know of the last part makes sense to you all. But if it does, please offer some advise or links that you may have. Thanks!
The forex market is open 24 hours a day in different parts of the world, from 5 p.m. EST on Sunday until 4 p.m. EST on Friday. The ability of the forex to trade over a 24-hour period is due in ... Forex is the market that never sleeps. With exchanges opened in four major markets around the world, the forex market is open 24 hours Forex Trading Hours + Forex Sessions + best time to trade Forex in 1. 24 hours Forex Clock with market activity and strategic points. Forex Fully visual. Market24hClock.com is an independent website, and we rely on ad revenue to keep our site running and our information free. Please, consider turning off the ad blocker or adding market24hclock.com as an exception in the ad blocker settings ... Etoro Forex Trading Hours. Posted by webmaster June 3, 2020 June 3, 2020. Zudem können mit einem Hebel zu arbeiten. Der Hebel sorgt dafür, dass der Zahlungsdienstleister des Kunden ebenfalls Gebühren erhebt. Hier sollten sich Trader vorher erkundigen. ganzen Tag über gehandelt wird, was das Trading riskanter macht. In den USA, UK, der EU, Japan, Australien, Zypern und vielen anderen ... Forex Trading Hours In The UK (British Standard Time [BST]) The forex trading hours in the UK correspond to the normal business hours in London. Based on the British Standard Time BST the London session starts at 8:00 AM BST and closes at 4:00 PM BST. But, since the forex market opens with the Tokyo opening session at 1:00 AM BST and carries ... Forex Hours explained by foreign exchange trading experts, A lot of investors asked what is Forex Hours in my time zone?So read this article to the end to finding out what is Forex Hours GMT time.. What is Forex Hours. Forex market is a 24 hours trading market. This market opens on Sunday 7 PM EST and remains open till 5 PM EST and in this time the market does not close for a second. Forex trading is available 24h/day from Sunday night until Friday night. Keep in mind, though, that liquidity and volatility of the various pairs is influenced by the time of day! Certain hours are better for trading than others. Mornings are more volatile, so there's more money to be made then. Here are the three main trading sessions. Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs FOREX.com. Does eToro or FOREX.com offer lower pricing? Comparing the trading costs of forex and CFDs is not easy. Not every broker ... eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets. Create a portfolio with cryptocurrencies, stocks, commodities, ETFs and more. Create a portfolio with cryptocurrencies, stocks, commodities, ETFs and more. Etoro forex market hours. If you need the precise time see. Information regarding the market hours current spreads and overnight fees which etoro charges is displayed below. Christmas trading hours trading discussion. Forex market hours shows the current open! closed holiday status and current time for forex trading centres in the world 12 hour format foreign exchange market forex. Forex ...
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