Recent content by IrvinFixiMarkets

  1. IrvinFixiMarkets

    Gap

    Trying to catch a gap is very difficult. Plus always consider that gap can go against you and in this case none of SL will work so you can burn your account badly. And getting positive gap have very low possibility
  2. IrvinFixiMarkets

    For Novice traders

    First thing you need is knowledge of the markets, other thing is good analytical skills and good platform. Add a little bit of patience and you can get some results. But still you always have to be ready for potential loses. If you are ready to lose money from the beginning nothing bad will...
  3. IrvinFixiMarkets

    Discuss fxpro.com

    You need to check specification for delayed orders, maybe company is applying some rules to it. Plus consider spreads as the delayed order will open not when the price hits target, but once price+spread does
  4. IrvinFixiMarkets

    Did you start trading forex?

    Forex gives you the "feeling" of trading, as you watch your trades and numbers jump. I personally traded at first because it was fun for me. And if you understand the market it can bring you some money as well
  5. IrvinFixiMarkets

    Binary Options - What are they and how do they work?

    Binary Options mainly are used to scam people who have no idea how markets work. I would recommend to stay away from it, even though there are regulated companies.
  6. IrvinFixiMarkets

    Demise of News Trading?

    News trading is just a speculation. Why price changes prior to news? Traders open positions in a hope, so whoever has the power - buyers or sellers - move the price up or down. A good trader never opens trade prior to big announcement, as it is always unpredictable and basically gambling, 50/50...
  7. IrvinFixiMarkets

    what is your leverage when you trade ?

    Leverage is good and is bad. Good because you can have 1000$ and make quite big trades. Bad because if you have let's say 1 lot on forex opened and it goes against you - money is lost quite fast. Consider leverage per your own strategy
  8. IrvinFixiMarkets

    Forex bonus schemes. how long ?

    FCA does not allow bonuses, so think about it
  9. IrvinFixiMarkets

    Margin call reached

    With a legit broker margin call goes from 100% level and stop out is 40-50%. Again, if broker has a very low stop out level there is a risk to end up with negative balance once all trades are closed. Guess what it means? Broker's money is lost on top of yours and not a single broker wants to...
  10. IrvinFixiMarkets

    New Leverage Restrictions?

    From January 2018 new regulation rules will imply with FCA. I am not sure about leverage restriction, but for current moment anything above 1:400 is not quite legit. Even this level is for small amounts of money and normally it doesn't go beyond 1:200 level. If broker offers you higher leverage...
  11. IrvinFixiMarkets

    Why do you think people are scared of investing in forex?

    1) The registration process is complicated If registration is very simple, its no good at all! Different regulations require certain steps. For instance FCA requires to understand if the person can afford trading and potentially losing the money, before start. 2) The idea of diving into the...
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