Among new traders, scalping is a profitable trading strategy. There is no universal trading strategy that suits all traders, so you can practice this technique with a demo account before putting real money into your trades. After all, trading is a skill that can only be improved through experience. Almost all brokers like Eurotrader provide free demo accounts. So, practice as much as possible.
Tag: questions
Forex is most popular investment markets – General Forex Questions & Help
Forex is one of the most popular investment markets in the world. However, the world is currently panicking due to pandemic, but if you can stay one step ahead with as much planning as possible, I think you can succeed in such an era. Try to learn about this market to seize the opportunity to make the money. I am currently taking advanced trading courses from Eurotrader.
I Can’T Win Trading Competitions – General Forex Questions & Help
“We’ve seen plenty of traders over the years make huge returns on their accounts, well over 1000 per cent in a relatively short period of time, but as soon as they hit a drawdown period they just as quickly give it all back. This is because they were trading well beyond risk limits in the first place.” – Charlie Burton
The currency markets have many benefits that are no longer secrets: the biggest daily turnover, inability of Smart Money to control the markets permanently to their favor, interesting fundamentals, high liquidity, 24-hour availability, low spreads, etc. As a result of the increasing popularity of the markets, many types of programs are coming up in the financial industry; and one of them is trading competitions.
I once participated in some of the competitions and never won a single one. In spite of my trading knowledge, I’ve never even ended in the top 50, not to mention the second or third position. Why?
On demo and live accounts, I don’t usually risk more than 0.5% or at most 1% per trade. I need to do this consistently so that it becomes my second nature. Trading is a game of survival, but in those kinds of competitions, even if I make 2000 pips in a month, my profits would only be 10% or 20%. Now, someone else could make less than 500 pips in a month and achieve 500% profits. The difference lies in the amount of risk per trade. Can you now see why I can’t win a trading contest?
In most competitions, a contestant who achieves the highest returns within the shortest time duration is usually declared the winner. A trading competition – usually a demo accounts competition – tends to last for one week or one month only. Every competitor thus strives to achieve hundreds or thousands of percentage of returns during the short period. I’ve seen a competition in which a participant made 3000% returns in less than one week! I’ve seen a trading competition in which a participant made 700% returns in a month. Does this means they’re the most proficient traders on the planet? The answer is NO.
When the market is favorable to your trading method, you’ll be making money with new orders, no matter what. A winning streak can last for days, weeks or months, before it’s alternated by a losing streak (before another winning streak comes again). It’s too common that most people who make money in winning streaks give back more than their profits during losing streaks, as a result of excessively high stakes and lack of risk control methods.
Most types of trading competitions encourage people to make the highest possible money as quickly as possible. This kind of indoctrination can’t favor traders that aspire for a lasting career. Just as speculators who get hundreds of percentage of profits because of excessively big position sizes, but soon they’re no longer in the markets; one who risks too much per trade is a gambler, but one who takes risk control method serious is a real trader. When a competing gambler is in a winning streak, she/he can make hundreds or thousands of percentage returns when 20%, 30%, 40%, 50% or 60% (or more) of the portfolio is risked per trade. Nevertheless, the higher the stake per trade, the higher the loss or the drawdown when something goes contrary to the trading method. That’s why some of the so-called expert traders or trading champions later crashed and burned in the markets. They’ll still tell you trading is great and they can trade very well, but they’re no longer in the markets because their suicide trading methods backfired at them.
Would you prefer to get rich quickly and have a temporary career or would you want to make small and constant gains? What matters most to you: the safety of your account or big profits as soon as possible?
There are also certain trading competitions in which organizers rule that winners must accurately predict the exact price of a particular trading instrument within a specific period. Isn’t that hard? Market wizards all agree that future prices can’t be predicted, yet we can harness gains from them. How can I predict the exact future prices when I’m not clairvoyant or psychic? If psychics could even do that, I guess they’d have become billionaire traders. Should you predict an exact future price within a specific period and win, it is by pure chance.
The Types of Trading Competitions I Can Win
There are types of trading competitions I can win, but sadly, they’re not that common in the Forex world.
I can win a trading competition that rules that winners would be those whose accounts are still intact and positive after making 1000 trades (or at least 500 trades) within some years. How many gamblers can win that type of competition? I can win a competition that gives awards to those who achieve the least amount of drawdowns after several months or years. I can win a trading competition that recognizes contestants who makes most pips, not most profits within several months.
Yes, if that kind of trading competition allows contestants to compete for 10 months or even years, I can win it. One week or one month is definitely too short to test the reliability of a trading system.
A good trader is someone who deals with losing streaks successfully and recovers from them, not someone who makes great profits in winning streaks and crashes in losing streaks.
The most important thing a good trader can do is to keep an account permanently safe in the face of the vagaries of the markets. Making profits is a secondary aim, for there must be an intact capital before profits can be made. If the capital is gone, there’s no means of carrying out additional transactions that could be successful. One best way of keeping our accounts safe is to learn how permanently victorious traders have managed to keep their portfolios safe for decades.
Conclusion: Most speculators who’ve made billions of dollars from the markets have become extremely rich because their portfolios are huge and they make relatively small, consistent gains. They haven’t become billionaires because they achieved 100% gains over and over and over again within very short time periods. They achieve their aims by looking for low risk investment opportunities, and capitalizing on them by giving their winners enough leeway. This is easier said than done, for most traders find it difficult to run their winners – it’s really difficult. But it’s essential for long-term survival.
This article is ended by the quote below:
“Pace yourself, take small gains and small losses, trading is not a sprint towards riches, it’s a marathon towards financial independency.” – Alesh Patel
5 HUGELY Forex Trading Tips That Every Beginner Should Follow in 2020-21 – General Forex Questions & Help
When I was 16 I decided I wanted to be a millionaire. I wasn’t from a wealthy family, and I witnessed how my parents, especially my dad, struggled and worked hard to make ends meet.
I knew I didn’t want to walk down that road, so from this point on I continually studied and sought ways to make money.
It eventually became clear to me that I had three primary means to get rich: own a business, invest, or combine the two.
I discovered that I liked the idea of using money to make more money, and soon got fixated on investing. This was how I got introduced to Forex trading.
Unsurprisingly, I made a lot of mistakes early on. I blew out several trading accounts, with each loss leading to more pain and despair.
However, there were also moments of victory. There were times when I would make more in hour trading than I would in a week at my job, all with a few clicks of the mouse. It was surreal. These were the feelings I clung to in my early days.
It took me about 42 months to make my first windfall in forex trading. I was still a student at that point, trading in between classes and assignments. I remember feeling at the time that it seemed as if I’d been trading forever when in reality it had only been about three and a half years.
Going forward, I carried on that momentum to build a trading business around my personal trading.
People and companies started inviting me to give my insights at forex trading conferences around the world, and I had the honor of training traders at banks, fund management companies, and prop trading firms.
In an effort to save others the time it took me, I’ve compiled a list of four Forex trading strategies for beginners that embody everything I’ve learned over the last 20 years about how to trade forex and make money from it.
Step 1: Learn How To Read Charts
The price chart is one of the crucial things a forex trader must know and understand.
I always find it funny when new traders go looking online for forex trading tutorials on trading strategies and then proceed to lose money when they try to implement them. Why does this happen?
The simple answer is you have to learn to read the price chart! Trying to use someone else’s trading strategy without being able to read the chart is like trying to do hurdles before you can walk.
The reason for this is simple—no forex trading strategy works 100% of the time. If you rely solely on one trading plan to use at all times, it will eventually fail you.
By learning how to read charts, specifically the forex price action and technical indicators like support, resistance, and trendlines, you will not only understand what is happening but why.
Step 2: Control Your Risk
Trading is all about controlling your risk. Applying inappropriate risk is one of the primary reasons most forex beginners blow out their accounts when trading.
For example, you should never be risking 100% of your account on a single trade. That’s akin to gambling. As a general rule, most Forex trading for beginner books will tell you to risk anywhere between 1-3% of your account per trade.
But this low-risk strategy has drawbacks as well. If you have an account worth $1,000 and you risk 1% ($10) on a trade, you will have to make a lot of profitable trades to grow your account. This could lead you to overtrading, which could in turn increase your losses.
Ultimately, you have to find the balance of risking enough to make the trade worth it, but not so much that your risk-reward ratio is too imbalanced.
Step 3: Consider The Risk-Reward Ratio Too
Every trade you enter should have a defined risk-reward ratio. That means knowing how much you are prepared to lose in addition to knowing how much you’re prepared to make.
In other words, have specific buy and sell targets on the upside and downside before you enter a trade.
Step 4: Test The Effectiveness Of A Strategy Before You Use It
There is a straightforward way to ascertain the effectiveness of a forex trading strategy. This process is called backtesting. Backtesting involves reviewing the results of trades made using a particular technique over a period.
My general rule of thumb is I will consider a strategy if I observe a net profit for three consecutive years. I do my backtesting on the demo trading platform, which allows you to backtrack to the period you wish to start testing from.
Advance tip: You shouldn’t use live trading accounts for backtesting several strategies it can cost you BIG TIME. Besides, if you don’t know the significant differences between live trading and demo trading then the article stated below is highly suggested for you.
Demo Trading vs Live trading.
Step 5: Don’t Get Emotional
There is a concept in poker when a player gets too emotional after losing money and starts playing differently to win it back. This situation is known as tilt.
While Forex is a different ballgame entirely, the same concept applies. Understand that losing is an inherent part of trading. You should expect and prepare for it instead of getting vengeful.
One way to keep your emotions in check is to never carry over the results of a previous trade into a new one. Treat every trade as if it’s an entirely new entity and approach it with a clean mindset.
If you find yourself carrying over positive or negative reactions from your previous trades, that’s a recipe for clouded judgment.
Another pro tip for controlling your emotions during trading: whenever you feel agitated or emotionally-charged, take a break. Stop trading until you have regained your composure.
cheers!
.(tagsToTranslate)fpmarkets(t)forextips(t)forex
Why hot forex signal? – General Forex Questions & Help
To provide a signal to you, “hot forex signal”, is the best accurate forex signal provider in the global currency market. It is different and a few more special than others. Because they have an outsized “forex market” analytical expert team who makes an efficient analytical report. On the idea of an analytical report signal is formed. Has a monitoring team to watch the market and accuracy of the given signal. As their observation report, hot forex signal is 95% accurate. Hot Forex Signal assist you to regulate “Take Profit” and “Stop-loss”. It’s constantly monitoring the market, regardless of your location within the world. It will take place in the market and you will be notified by e-mail and messenger at the time of market movements.
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interview questions – LeetCode: Number of enclaves C#
https://leetcode.com/problems/number-of-enclaves/
Given a 2D array A, each cell is 0 (representing sea) or 1 (representing land)
A move consists of walking from one land square 4-directionally to another land square, or off the boundary of the grid.
Return the number of land squares in the grid for which we cannot walk off the boundary of the grid in any number of moves.
Example 1:
Input: ((0,0,0,0),(1,0,1,0),(0,1,1,0),(0,0,0,0))
Output: 3
Explanation:
There are three 1s that are enclosed by 0s, and one 1 that isn’t enclosed because its on the boundary.
Example 2:
Input: ((0,1,1,0),(0,0,1,0),(0,0,1,0),(0,0,0,0))
Output: 0
Explanation:
All 1s are either on the boundary or can reach the boundary.
Note:
1 <= A.length <= 500
1 <= A(i).length <= 500
0 <= A(i)(j) <= 1
All rows have the same size.
please review for performance.
using Microsoft.VisualStudio.TestTools.UnitTesting;
namespace GraphsQuestions
{
/// <summary>
/// https://leetcode.com/problems/number-of-enclaves
/// </summary>
(TestClass)
public class NumberOfEnclavesTest
{
(TestMethod)
public void FirstTest()
{
int()() A =
{
new() { 0, 0, 0, 0 },
new() { 1, 0, 1, 0 },
new() { 0, 1, 1, 0 },
new() { 0, 0, 0, 0 }
};
int expected = 3;
Assert.AreEqual(expected, NumEnclaves(A));
}
(TestMethod)
public void FailedTest()
{
int()() A =
{
new() { 0, 1, 1, 0 },
new() { 0, 0, 1, 0 },
new() { 0, 0, 1, 0 },
new() { 0, 0, 0, 0 }
};
int expected = 0;
Assert.AreEqual(expected,NumEnclaves(A));
}
public int NumEnclaves(int()() A)
{
int count = 0;
for (int row = 1; row < A.Length - 1; row++)
{
for (int col = 1; col < A(0).Length - 1; col++)
{
if (A(row)(col) != 0)
{
bool isDone = false;
int res = DFS(row, col, A, ref isDone);
if (!isDone)
{
count += res;
}
}
}
}
return count;
}
private int DFS(int row, int col, int()() A, ref bool isDone)
{
if (row <= 0 || col <= 0 || row >= A.Length-1 || col >= A(0).Length-1 )
{
if (A(row)(col) == 1)
{
isDone = true;
}
return 0;
}
if (A(row)(col) == 0)
{
return 0;
}
int count = 1;
A(row)(col) = 0;
count += DFS(row, col - 1, A,ref isDone);
count += DFS(row, col + 1, A,ref isDone);
count += DFS(row - 1, col, A,ref isDone);
count += DFS(row + 1, col, A,ref isDone);
if (isDone)
{
count = 0;
}
return count;
}
}
}
address – Compatibility questions regarding Native Segwit addresses
Sending bitcoins means to lock funds to a specific output script. The output script determines how the funds can later be spent. E.g. if funds were sent to a P2WPKH (Pay to Witness Public Key Hash) address, they can later be spent using a P2WPKH input script. If funds were sent to a P2PKH (Pay to Public Key Hash) address, they have to be spent using a P2PKH input script instead.
The (native segwit) P2WPKH input script has less weight than the P2PKH input script, so receiving funds to P2WPKH addresses will save you fees when you later spend those funds. The output scripts for both are similar in size.
Funds of any type of input can be assigned to outputs of any type in a transaction. You can even mix: spending a native segwit and a non-segwit input, and sending to a non-segwit and a native segwit output in one transaction works fine.
However, as you say, some wallets may not support sending to native segwit addresses. In that case, the receiver should fall back to providing a backwards compatible P2SH-wrapped segwit address which is still cheaper than non-segwit but can be sent to by almost all wallets. You can track native segwit adoption on Bitcoin Optech’s Compatibility Matrix or whensegwit.com.
My understanding is that such wallets cannot properly validate Native Segwit addresses and cannot create Native Segwit outputs. Does it also mean that such wallets cannot properly spend the outputs generated by Native Segwit addresses?
Correct. A wallet that does not know how to interpret native segwit addresses would not be able to spend funds received from a native segwit address. This is not a problem in practice, because the receiver provides the spender with the invoice address they want to receive the funds to. The receivers wallet will not generate a native segwit address, when it is unaware of native segwit.
Basic questions about Cluster DNS configuration
Hi friends,
I configured a Cluster DNS with:
-1 Master server (WHM/cPanel)
-3 slave servers (with 3 VPS, cPanel DNSOnly): dns1.mydomain.co… | Read the rest of https://www.webhostingtalk.com/showthread.php?t=1826496&goto=newpost
Common Frequently Asked Questions (FAQ’s) About Backlink Creation | Proxies123.com
SEO marketing strategy is a vast topic and with time keeps on redefining itself. In other words, SEO has numerous foundational elements that are indispensable for the success of a website. Out of all, one of the critical components is backlink. These high-quality backlinks are the heart of the search engines. Therefore, it is essential for marketers and as well as for business owners to understand the concept of backlink creation. If you are a novice to the SEO marketing world and don’t know why there is so much hype about backlinks, then below we have given answers of the burning questions.
#1. What is a Backlink?
A backlink is basically a link that is created when one website links to another. Backlink creation is a core part of SEO and is a fundamental key for ranking a webpage in search engines. Pages with a large number of high-quality backlinks tend to rank topmost on all renowned search engines results page.
#2. Why is Backlink Important?
Backlinks are valuable for SEO as it helps to create credibility and reliability; it signals search engines that your content is trustworthy and worth linking to. If you earn more quality backlinks to your page, then in the eyes of the search engine, your content is valuable and worth surfing on a search engines results page.
#3. How to Build Backlinks?
There are multiple ways for backlink creation that are usually used to build significant high-grade backlinks to your website. One of the most common and popular approaches are to post your blogs, articles content or website information on forums so that visitors or other websites who find your material worthy and compelling will link back it on their website.
#4. Do I need SEO Expertise and Experience for Backlink Creation?
Yes, you do, as back linking demands the master art of creating high-quality links, and definitely, it is not an easy feat for beginners. Moreover, backlink creation is far more complicated then it seems. And on the other hand, SEO experts very well understand the importance of link equity and how much it is crucial for establishing the authority of a business.
What Is The Difference Between Forex Trading And Gambling? – General Forex Questions & Help
In my point of view and what first came into my mind when i had read this question is the word luck.
I think the main difference between forexand gambling is the word “luck”.
At gambling we more rely on our luck in winning,while at forex we cant we need to learn and analyze.The market is so huge so we need to learn we cant rely on our luck.