Backtesting is one of the most essential steps in developing a reliable trading strategy and MetaTrader 5 offers one of the most advanced environments for doing just that. There’s almost nothing more frustrating than getting all set to test your EA, only to be stopped in your tracks by one...
In the fast-paced world of forex trading, identifying key price levels can make the difference between a winning trade and a missed opportunity. The round numbers above and below indicator MT4 is a game-changer for traders looking to pinpoint psychological price levels those round numbers like 1.2000 or 150.00 that...
Curious about how a stop limit order works and how it can enhance your trading strategy? This type of order gives you more precision by allowing you to control the exact price at which your trade is executed. That said, the dual-price setup can be a bit tricky to grasp...
Is currency trading halal in Islam? For Muslims stepping into the vibrant world of forex, this question carries profound weight, blending financial ambition with spiritual integrity. Forex, the global marketplace where currencies dance in pairs like EUR/USD, captivates millions with its promise of opportunity. Yet, for those guided by Shariah,...
Instead of being afraid, look at the number -7 as a sign that you are on a promising path. This could be the first signal on your journey to becoming a successful trader. You freeze. A knot tightens in your stomach. What on earth could this mean? Is it a...
If you're new to forex trading, understanding what is contract size in forex is a crucial first step. Contract size represents the amount of currency you buy or sell in a trade, and it directly affects your potential gains and losses. Grasping this concept helps you manage your risk and...
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