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10/06/21 10:53
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By DizzyFranco · Posted
I am a beginner, and I must say, there are a lot of rules to the trading game that one must abide by if they want to be successful. Here, the writer mentions several basic rules for day vs swing trading. However, I find that often times, the reasoning for these rules is not as obvious for a beginner as it may be for an expert. The 'why' factor if I may. For example, why must you have a large capital to trade with as a day trader? Because your positions must be large so that a small change in price will be augmented and turned into a large profit. Also, with such high risk, the margin will be specially high, given the trader is taking up large positions at a time. Without a large amount of capital, positions may be forced to close due to funds being below margin requirements. When this happens, you can expect to lose tons of cash, fast. I learned the hard way. All the best, David Franco -
USDJPY has been regaining ground this week, but inflation differentials and a three-month trend signal the potential for another turn lower Source: Bloomberg Joshua Mahony | Senior Market Analyst, London | Publication date: Friday 27 January 2023 USDJPY set for third monthly decline The USDJPY pair has been on the slide since its October high, with the historical 147.63 resistance level ultimately marking the end of the dramatic 21-month rally that saw the pair gain almost 50%. Much of that came through a period that saw US inflation soar as Japanese prices remain subdued. That disparity remains, but the direction of travel has certainly shifted as US CPI declines and Japanese price growth gradually ticks up. The overnight 4.3% figure for Tokyo core CPI represents a four-decade high, with the nationwide figures likely to follow on. The chart below highlights how USDJPY has been heavily correlated with the now tightening gap between US and Japanese inflation. However, it is more evident when shifting that inflation differential forward by seven-months. That close correlation highlights the potential for further downside as long as prices continue to trend in a similar manner. Source: ProRealTime Looking at the daily chart, the recent rebound has taken price up towards the top-end of a descending channel and Fibonacci resistance. This highlights the bearish pattern that has been playing out, with lower highs and lower lows in place in recent months. Unless we see price rise through trendline and 134.77 resistance, another turn lower looks likely for this pair. Source: ProRealTime -
@MongiIG Hi - You recently covered Long NICKEL Trading the Trend and A. Rudolf did this morning but I see it is Closing only. Please clarify, Thanks D600
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Question
MongiIG
MT4 is an advanced trading platform, suitable for traders who are after an effortless algorithmic trading experience. Find out how to download MT4 for Mac and get details on some additional services that you might find useful.
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How does MT4 work on Mac?
There are a couple of ways to get MT4 on Mac. You can download MT4 directly, in the same way as you would on Windows. Alternatively, you can use a virtual private server (VPS). A VPS is a service that hosts an instance of the MT4 platform at a remote location.
MT4 VPS for Mac explained
An MT4 VPS can help give you peace of mind that technical issues, such as a slow internet connection or power cuts, won’t affect your trading experience.
To make use of an MT4 VPS, you’ll need to request access from a VPS provider and then sign in with your login credentials.
While we are not a VPS provider, we offer our clients access to an MT4 VPS through our partnership with Beeks in London. With this VPS, our clients can enjoy fast execution and reliable platform uptime, making it ideal for traders who want to reduce the lag time between their orders being placed and their orders being executed.
How to use MT4 on Mac
Using MT4 on Mac – either directly or via a VPS service – is very similar to using the platform on a Windows device. It offers the same functionality, enabling you to place orders and close positions as you normally would.
MT4 is also known for its automated trading functionality, and programs such as Expert Advisors and Autochartist make this possible. With us, you get access to some of the most popular Expert Advisors for free as well as full access to the Autochartist package.
Learn more about how to use MT4
Features of MT4 on Mac
How do you start trading on MT4 with Mac?
To start trading on MT4 with Mac:
Last updated : Monday 13 December 2021
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