honje19960321 wrote: Thu Oct 06, 2022 2:14 pm 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

A spread of 0.0-0.3 for which instruments specifically?

TransparentTrader wrote: Thu Oct 06, 2022 2:24 pm A spread of 0.0-0.3 for which instruments specifically?

It would be great if the spread on GBPJPY could be lower than 0.5.

I prefer to trade more volatile currencies. So usdjpy, eurusd and other less volatile currencies may not be in my consideration

Sorry, I'm busy during the day now. Only short answers.

gratitude

TransparentTrader wrote: Wed Oct 05, 2022 2:24 pm
[*] 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?
[/list]

trading tool is mt4, and my current trading strategies are all based on mt4 indicators. Deposits and withdrawals are possible by wire transfer or credit card. If it is in encrypted form. I don't have a cryptocurrency related account. I probably don't know how to use it.

honje19960321 wrote: Thu Oct 06, 2022 2:35 pm It would be great if the spread on GBPJPY could be lower than 0.5.

I prefer to trade more volatile currencies. So usdjpy, eurusd and other less volatile currencies may not be in my consideration

Sorry, I'm busy during the day now. Only short answers.

gratitude

I'll see what I can do, as GBPJPY spread lower than 0.5 pips is quite a big ask.

Would need to look into my collection of brokers to see who would be the best fit for you. Off the top of my head, I know Carbon Capital FX is an MT5 broker that offers 0.5 spread for GBPJPY.

EDIT: ATC Brokers has a 0.8-1.0 pip spread for GBPJPY. I think if the ultra-low GBPJPY spread you're looking for is a huge dealbreaker, you'll have to accept your options will be very limited.

What is Trailing Stop Loss
Trailing stop loss,, is to follow the latest price to set a stop loss of a certain number of points. It is only triggered when the exchange rate moves in the favorable direction of the position. It is an instruction set when entering the profit stage. The purpose is to achieve most of the Book income is a very good trading tool, especially in the case of large price fluctuations, it can guarantee your profit.

When you just entered the trading market, do you often hear the predecessors talk about trailing stop? So what is a trailing stop? The trailing stop loss (sometimes called trailing stop loss or trailing stop loss) we encounter in the trading market means that we follow the latest price point in the transaction to set a stop loss of a certain space, when the market goes to you A favorable directional change of the trade triggers a trailing stop.


什么是移动止损
移动止损又称“追踪止损”，就是追随最新价格设置一定点数的止损，只随汇价朝仓位的有利方向变动而触发，是在进入获利阶段时设置的指令，目的是实现大部分帐面收益，是一个非常好的交易工具，尤其在价格波动大的情况下， 可以保证您的盈利。

刚进入交易市场的你是否经常听到前辈们说到移动止损？那么移动止损是什么呢？我们在交易市场中遇到的移动止损（有时也叫做追踪止损或者跟踪止损），说的是我们在交易中追随最新的价格点位来设定一定空间的止损，当行情往你的交易有利的方向变动而触发移动止损。

TransparentTrader wrote: Thu Oct 06, 2022 2:54 pm I'll see what I can do, as GBPJPY spread lower than 0.5 pips is quite a big ask.

Would need to look into my collection of brokers to see who would be the best fit for you. Off the top of my head, I know Carbon Capital FX is an MT5 broker that offers 0.5 spread for GBPJPY.

EDIT: ATC Brokers has a 0.8-1.0 pip spread for GBPJPY. I think if the ultra-low GBPJPY spread you're looking for is a huge dealbreaker, you'll have to accept your options will be very limited.

Thank you very much for the two brokers you introduced to me. I went to their official website to see. I will register their account.

honje19960321 wrote: Fri Oct 07, 2022 12:11 am Thank you very much for the two brokers you introduced to me. I went to their official website to see. I will register their account.

I would also recommend Global Prime for their overall reliability and reputation, but their GBPJPY spread of ~1-1.5 pips may be too much for you and their leverage is 1:100.

Additionally, FBS is the official broker of this forum. Have you taken a look at their website and seen if their trading conditions are right for you?

Tomorrow and accident, you never know who will come first. The same is true for trading. The future is full of uncertainties. Every transaction we do is profitable and has greater risks. Therefore, if you want to survive in this market for a long time, the first thing you have to do is to control the risk. .
The trading market is chaotic. It has its uncertain side and its stable side. A professional trader will not bet against the market, and will set a stop loss in advance for every order he makes, because his entry point is He believes that the effective point when the market is relatively regular, if it is damaged, it means that this point is invalid, and he is waiting for the next good point, and never fights against the market. Stop loss is to protect yourself, the market will not die, and you will, as long as the market is always there, we will always have a chance.

TransparentTrader wrote: Fri Oct 07, 2022 12:46 am I would also recommend Global Prime for their overall reliability and reputation, but their GBPJPY spread of ~1-1.5 pips may be too much for you and their leverage is 1:100.

Additionally, FBS is the official broker of this forum. Have you taken a look at their website and seen if their trading conditions are right for you?

Yes, I've considered FBS, but it has a downside for me. It seems that people in Japan are not very convenient to deposit and withdraw money. And the fees are a bit expensive.

In daily trading, stop loss is normal and inevitable. We have to learn to accept and admit that after we have a bottom line on the winning rate of our trading system and strategy model, all you need is more patience and waiting, and let time give you All the hard work pays off.