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Thread: Beginner Question

  1. #1
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    Beginner Question

    can you please direct me to webpage, youtube or link For Tutorials for beginer

    i am trying to learn when to open the trade
    i have the KorHarmonics Indicator running and i understand the market move

    but when do you place and open the trade , at the top of the rectangle ???

    Beginner Question-idea.jpg
    Beginner Question-idea2.jpg

  2. #2
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    is this also correctBeginner Question-idea3.jpg ??

  3. #3
    Wizard
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    harmonics advantage is super big Reward comapring to the Risk with precise entry. On your pic the R:R seem to be low.
    Regarding harmonics and harmonic patterns trading and confirmations please check the threads here: Market Geometry & Harmonic Patterns

  4. #4
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    thanks , i have started to read them
    but i just wanted to know if the set up is correct - the R;R is set to break even at the target point

    i can see any clear photo that explain when you should enter and stop loss
    youtube would be better , ( every thing i see it scamming web site )

  5. #5
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    I have a question, please help:

    Is high Stop Out level good? Please give an example.

  6. #6
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    Where is the commission in Forex trading?

  7. #7
    bee
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    Quote Originally Posted by manchester View Post
    I have a question, please help:

    Is high Stop Out level good? Please give an example.
    Stop Out level is level at which all trader's orders will be closed due to critically low Equity level to prevent further balance drown down. Stop Out will be executed at current market price of opened orders when Margin Level is lower then StopOut level.
    i use my current account with armada market trading condition, given margin call/ stop out level 100%.30%
    This means that when your Account Equity becomes equal 30% of the Required Margin, you'll get a warning from a broker: it can be
    either a highlight on your platform, or a certain message, or an email etc. saying that your equity is now insufficient to continue trading and maintaining currently active positions; and that means that you have to either think about closing some of them or add more funds to the account to meet the minimum margin requirements.

  8. #8
    bee
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    Some brokers have vanished from the Forex arena in 2014 and 2015, due unbalance situation as impact of swiss aftermath. an ECN account would be a more reasonable choice, because they put commission fee for each trade we made. my latest result are with Tickmill ECN account, there's no problem at all profiting with their service, brokers who fully allow scalping strategies. and just take a look with their latest monthly live account contest winner, he got 240K final equity result, from 77k profit. it's a true evidence many big fund traders use their service.

  9. #9
    bee
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    I keep using Skrill method while trading with Tickmill brokerage service, eventhough they also support epayment through neteller and webmoney recently. the fact they process my withdrawal within hours give me more comfortable mind while feel secure at the same time. I once use paypal long time ago, but their fee are much higher as the rate are quite low while cash out into my local bank account. while skrill give me more easier and more secure way of transaction, better fee as also better rate.

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