What are some good trading hacks ( for beginners in Crypto Currencies and Forex Trading )
5 STEPS TO SCALP STEP INDEX SUCCESSFULLY!
To scalp for consistent 10 steps profit with confidence JUST do the following:
1. Confirm the primary direction of the market.
2. For entry, look for either Engulfing or Breakout setup in line with the primary direction.
3. Set pending order 1 step above or below as the case may be.
4. Set your TP at 10 steps away accordingly.
5. Do proper lot sizing to preserve your capital.
This is exactly how I have traded STEP INDEX for 115 trades in 8 days til now, no single loss. It requires just discipline with patience.
Enjoy trading with confidence!
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My input on Deriv bots.
For close to 3 months i have created my own bot that i have been testing.
I also tried others from members here, who buy them and end up losing as well on Deriv Dbot.
I have come up with few observatons:
The bots are time sensitive, say you are using 1min time, its 60secs, the tick will move after every second, and a full minute theere is a shift in tick, so start your bot exactly at 59th second so tick will pick at 1min, 00seconds.
Failure to, you will have more lossess than wins, meaning it will lose.
Martingale Function-If possible, trade Indices which allow a win on a martingale of 1. increased martingale, leads to a loss on consecutive losing orders.
Dont apply on fast moving indices, I find it more useful on less active volatilties like v25
Targets: Keep resetting targets, i recommend after every 30mins
Time: Most work best between 10am to 7pm. Because at night, deriv servers are 100% unstable, they refresh so many times at night. My observation.
Please do not test trade with less capital if it uses martingale, first do manual calculations, know the factor then and the consecutive loses it can make on a bad day, calculate to know your minimum balance.
Browser: make sure you have uninterrupted internet and not lagging browers, a server is not necessary.
Anyone can create a Dbot, so when buying, please know the history of your vendor. It will help a lot to understand the strategy.
Lastly, they do work. But must be the correct bot, and well monitored
In just a few steps, you can open and verify your xm real trading account. You only need to upload your proof of identity and proof of adress.
Clik this link:
You can try
XM Capital
For forex trading at
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WHY TRADING FOREX IS HARDER THAN TRADING STOCKS
I recently made a post about why i think trading Forex is harder than trading stocks. One of my followers asked me to explain further.
Many people frame the idea of trading in reference to equities.
If a Company is doing awesome and fulfilling a genuine need in their industry = stock going up… easy
Company making bad decisions and failing in the market = stock going down.
While the currencies of central banks (FOREX) can exhibit some of the same long-term trends, price action in forex is quite different.
You are not basing valuation on a single entity like a company stock. You are trading the difference in valuation between the currencies of two central bank entities.
If you are investing in Tesla, then what Tesla does in relation to their market is all that matters.
If you are trading EUR/USD then anything that happens regarding central bank interest rates, consumer baskets, non-farm payrolls, etc. changing either in the US or across the Eurozone could affect the rate of that currency quote.
The way I see it, there are so many more contributing factors to currency valuation vs. stocks that many investors look at it and get (rightly) scared off and this is why i believe Forex trading is more difficult to trade than stocks
If you like this content you can follow to learn more about how to become a better forex trader.
All this means nothing if you do not have an account to take advantage of this offer
Open your account at
You can try
Binance
https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00R9LJ2LDW
So try out these hacks as a beginner in Crypto Currencies and Forex markets and see if they work for you.