FP Markets aka the glorified bucket shop from Australia. They even hire people to spam forums

I noticed because of new ASIC regulation margin AUS brokers will be restricted from March 29th;
Yes, I'm well aware of that. As far as I'm concerned it won't prevent me from trading. Of course they got to follow the pressure of the EU. Their lame excuse " for the protection of the retail traders". Yeah sure, by pushing them into offshore accounts.Meyney wrote: Sat Mar 20, 2021 8:57 pm I noticed because of new ASIC regulation margin will be restricted from March 29th;
Major forex pairs – 3.33% (1:30)
Minor forex pairs, gold and major indices – 5% (1:20)
Commodities (other than gold) and minor indices – 10% (1:10)
Shares or other assets – 20% (1:5)
Cryptocurrencies – 50% (1:2)
Same here, (also AUS broker) so I have to focus more on daytrading (or add 500K to the account). They are making it difficult for retail traders.RplusT wrote: Sat Mar 20, 2021 9:05 pm Yes, I'm well aware of that. As far as I'm concerned it won't prevent me from trading. Of course they got to follow the pressure of the EU. Their lame excuse " for the protection of the retail traders". Yeah sure, by pushing them into offshore accounts.
Sure, for many retail traders insufficient funds is one of the major reasons for failure. I daytrade only, so I don't really need that much balance in my account. A 50 K is sufficient.....just in case something goes wrong.Meyney wrote: Sat Mar 20, 2021 9:13 pm Same here, (also AUS broker) so I have to focus more on daytrading (or add 500K to the account). They are making it difficult for retail traders.
$50k??
Can someone tells me or share here about what is the best indicator to drawing these trendline.Meyney wrote: Sun Mar 21, 2021 4:07 am I realized the first chart I posted and updated (usdcad 1H) was replaced because of the new template that's nice and thanks Moey&Jimmy anyway let's finish this usdcad 1H with last update.
Not sure if there is an indicator here for trendlines, but I told before you can use an indicator or histogram to show oversold/overbought area's to help you. my advice is to study a bit how to draw them there is a lot of info on the www. Example added.Evita wrote: Sun Mar 21, 2021 9:45 am Can someone tells me or share here about what is the best indicator to drawing these trendline.
Sorry I still don't understand how to drawing manually. I'm noob.
Thank You for your answerMeyney wrote: Sun Mar 21, 2021 8:02 pm Not sure if there is an indicator here for trendlines, but I told before you can use an indicator or histogram to show oversold/overbought area's to help you. my advice is to study a bit how to draw them there is a lot of info on the www. Example added.