I would suggest to start trading with the majors, as their movement is a bit more predictable compared to exotics, thus you will be able to get the grips of it a bit more easily.

Which Pair to trade for a beginner

There is no fixed amount that will guarantee you a monthly return of $2K. From my perspective, more important parameters are selected lot size, leverage ratio, trading style.

How Much Balance To Gain $2000 Monthly?

Yes mate, Theoretically all indicators can be moved from MT4 to MT5. However, this is not a straight forward job as effectively these two are two different programming languages.

MT4 or MT5, Which do you prefer?

Most brokers prefer to offer accounts with base currencies in majors only. So most probably you will find only a handful of brokers offering exotic base currencies as HUF.

FX brokers that accept Hungarian Forint (HUF) as base currency

To set fixed profit targets per day is something hardly achievable in real market. In the end of the day it is non-stop evolving environment and the trader is the one who should adapt to it and not the other way around.

Trading while working // 10pips target per day

Trailing stop is very useful tool in case you are unsure what would be the next market move. But in cases of clear trend developing I do prefer using only the TP and SL options.

Trailing Stop or Take Profit?

Trade the instruments you are more comfortable with and you think you understand the most. The trading session doesn’t really matter, as long as there is enough liquidity and volatility on the market.

Which currency to trade during London trading hours

Mlawson71, I feel you mate! for example you can experience similar condition during NFP or huge news release. You can sense both the joyful adrenaline rush and how your heartbeat speeds up as you realize that your account could be blown in a matter ...

Is Forex stressful?

To be a swap hunter, requires a lot funds and time and in my opinion is really ineffective strategy for a small retail trader.

earn from swap

Just like everything else in life, if you do something which you do not enjoy and stresses you out, you better change your attitude or stop doing it at all and find something that makes you happy.

Is Forex stressful?

Hey mate, the most common max lot size per ticket I have seen is 1000, but on to your question - technically the broker can set it way beyond 500 or 1000.

Which MT5 terminal does not have a Max Lot restriction

Mate, Let's be honest, how often you will open more than 500 lots per single trade?!

Which MT5 terminal does not have a Max Lot restriction

Well unfortunately, market maker and thief is almost the same thing in the majority of cases.

Are cent brokers really all thieves? Need one for my EA

Too good to be true, mate. Definitely there is some catch. The broker has to cover at least its operational costs somehow.

EverFx Zero Cost Trading, really?

I vote for MT4 as well. Currently it is the most light and user-friendly trading platform I have ever come across. Let’s hope MT5 Inherits those main characteristics.

Trading Platform

I trade out of sheer passion and currently have turned this activity in my main hobby. And what better hobby than making money in your free time?!

Why are you trading?

For a newbie it would be good to start live trading with micro lots and lower leverage. So, I would say around 1K are more than enough. Most probably you will end up loosing them very quickly. But hey, that is a part of the learning process.

How is the capital needed to start forex?

For sure your broker will reject the orders due to wrong lot size. In the expert logs you will see how the expert is shooting million order requests per second but no orders will be placed in reality. On the funny side, how do you call something ...

Trade size below 0.01 minimum?

Hello mates, Just recently my main broker introduced BTCEUR and BTCUSD to its offering and I am quite tempted to enter this market. I am not very familiar with it as I stood away from it up until now. My first impressions are that it is more ...

Bitcoin technical analysis

Hi Dwain, I couldn’t agree with you more, finding good entry levels could be very hard in the end of the month and hides a lot of risk.

EURUSD