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Re: Honje's collection of indicators, strategies and trading journals

Posted: Tue Oct 04, 2022 9:50 am
by Jedidiah

Re: Honje's collection of indicators, strategies and trading journals

Posted: Tue Oct 04, 2022 8:15 pm
by Jedidiah

Re: Honje's collection of indicators, strategies and trading journals

Posted: Wed Oct 05, 2022 7:47 am
by Jedidiah
Jimmy wrote: Thu Jan 06, 2022 10:07 pm Thank you for posting and requesting this one Josi. You're right, it's a simple indicator but shows good entry areas for continuation into the trend :thumbup:

Nice find!
Image

Re: Honje's collection of indicators, strategies and trading journals

Posted: Wed Oct 05, 2022 9:42 am
by Jedidiah
Strictly stop loss, seize the accurate trend of strong volatility to enter the trade, and immediately stop loss if the direction is not correct.


Re: Honje's collection of indicators, strategies and trading journals

Posted: Wed Oct 05, 2022 12:10 pm
by Jedidiah
I am now looking for the right forex broker. Low starting deposit, low spread, no fees, high leverage. Hope to find. I will open an account now

Re: Honje's collection of indicators, strategies and trading journals

Posted: Wed Oct 05, 2022 12:38 pm
by TransparentTrader
honje19960321 wrote: Wed Oct 05, 2022 12:10 pm I am now looking for the right forex broker. Low starting deposit, low spread, no fees, high leverage. Hope to find. I will open an account now

If you don't feel comfortable answering you don't have to, but what country are you in?

A lot of brokers have very specific restrictions that forbid traders within select countries from trading with them. Most notably USA, Canada, Iran, and North Korea come to mind as the four most "banned" countries.

I could list off other factors that matter, such as what instruments you do/don't want to trade, but your current residence would be a good start.

Re: Honje's collection of indicators, strategies and trading journals

Posted: Wed Oct 05, 2022 2:08 pm
by Jedidiah
TransparentTrader wrote: Wed Oct 05, 2022 12:38 pm If you don't feel comfortable answering you don't have to, but what country are you in?

A lot of brokers have very specific restrictions that forbid traders within select countries from trading with them. Most notably USA, Canada, Iran, and North Korea come to mind as the four most "banned" countries.

I could list off other factors that matter, such as what instruments you do/don't want to trade, but your current residence would be a good start.
I live in Japan, if you know anything and have any good advice please let me know
glad to hear from you
sincere regards
honje

Re: Honje's collection of indicators, strategies and trading journals

Posted: Wed Oct 05, 2022 2:24 pm
by TransparentTrader
honje19960321 wrote: Wed Oct 05, 2022 2:08 pm I live in Japan, if you know anything and have any good advice please let me know
glad to hear from you
sincere regards
honje

Ok, Japan is a good country. I think the overwhelming majority of offshore brokers will accept traders from your residence.

I guess the next questions I would ask are the following:

  • What exactly do you mean by "high leverage"? Is 1:100 acceptable to you, or will you refuse to take anything less than 1:200?
  • What's the minimum starting deposit you're looking for? Keep in mind that within the same broker, some of the trading accounts with better conditions require a higher minimum deposit
  • What instruments are you specifically looking to trade? While some MT4 brokers are great all-around for every instrument, some are better for non-forex instruments than forex instruments and vice-versa.
  • Do you care about how you deposit money? Do you prefer a wire transfer or credit card deposit over using cryptocurrencies?

Not the world's most comprehensive list but it will be more than enough for me to make some recommendations.

Re: Honje's collection of indicators, strategies and trading journals

Posted: Thu Oct 06, 2022 2:12 pm
by Jedidiah

Re: Honje's collection of indicators, strategies and trading journals

Posted: Thu Oct 06, 2022 2:14 pm
by Jedidiah
TransparentTrader wrote: Wed Oct 05, 2022 2:24 pm Ok, Japan is a good country. I think the overwhelming majority of offshore brokers will accept traders from your residence.

I guess the next questions I would ask are the following:

  • What exactly do you mean by "high leverage"? Is 1:100 acceptable to you, or will you refuse to take anything less than 1:200?
  • What's the minimum starting deposit you're looking for? Keep in mind that within the same broker, some of the trading accounts with better conditions require a higher minimum deposit
  • What instruments are you specifically looking to trade? While some MT4 brokers are great all-around for every instrument, some are better for non-forex instruments than forex instruments and vice-versa.
  • Do you care about how you deposit money? Do you prefer a wire transfer or credit card deposit over using cryptocurrencies?

Not the world's most comprehensive list but it will be more than enough for me to make some recommendations.
I need to find a leverage of 1:500 with a spread as close as possible to 0 to 0.3. I'm still comparing the pros and cons of brokers