Forex/Commodities – Trading using MT4 (Live)
- NZDUSD – Long
NZDUSD order has been triggered, so now we can only monitor the trade and adjust the stop loss accordingly.
I’ve recently funded the MT4 account with another £200 to trade with. I was considering funding the account to £2k but instead I am going to put £2k into an FXCM account, for a couple of main reasons…
Firstly, my mentor uses FXCM, so when I’m learning I can use the same platform as he is using.
Some of the strategies use 2hr and 8hr charts which are not native timeframes in MT4. It can be done through indicators but basically it’s continuous jumping through hoops.
When calculating your risk management, its easier to work to £/pip rather than trying to calculate lots/volumes. I’ve often made mistakes in calculations and whilst there are indicators that will calculate it for you, it’s not always clear, or it cannot calculate certain symbols. Plus, FXCM platform gives a clearer indication of risk/profit values as you are entering the order.
There’s a lot I don’t like about the FXCM platform, but there’s a lot of reasons why I should be using what my mentor is using.
FXCM funding will happen soon!
Facebook Group Forum:
A boring disclaimer… coz I don’t wanna be sued and stuff!
The information contained within this blog/website and any information contained in any social media account related to EXF Trading is intended for interesting reading only.
I am not qualified or considered an expert in any aspect of trading and the words which I write are my opinion only and not to be considered correct.
If you trade based on any of my information, you do so at your own risk.
I urge you to do your research and make your own conclusions before considering trading.
You are responsible for your own trading actions.