Can a broker see your trades?

Can a broker see my trade, how I made the money, and see my strategy? – Quora. You know they can see your trade, you sent it to them. In all likelihood they don’t care if you made money or not. Your trades are small, which means that you’re only making a small amount of money.

Can a broker manipulate MT4?

Yes they can. They can open the spread on their trading platform and knock traders out of their positions by hitting their stop losses.

Do forex brokers cheat?

No, a broker does not lose any money when clients earn profits because the broker is not the counterparty! When you trade on the exchange and you earn profits, the counterparty to your trade loses. The broker is merely facilitating the trade and is not affected by your profit & loss.

What is the most accurate indicator for Forex?

Fibonacci is a trading tool that shows the most accurate market direction as it is related to every creature in the universe. The most significant part of the Fibonacci tool is the golden ratio of 1.618. In the forex market, traders use this ratio to identify market reversal and the profit-taking area.

Can a broker copy your trades?

Yes, copy trading is legal in most countries, provided that the broker itself is properly regulated. When investing in the financial markets using a regulated-broker and legalizes your account and the traders carried within them.

Who manipulates the Forex market?

The CFTC found that currency traders at the five banks coordinated their trading with traders at other banks in order to manipulate the foreign exchange benchmark rates, including the 16:00 WM/Reuters rates.

Can MT4 be hacked?

Directly manipulating your MT4 account is impossible unless you gave someone your password and he would not need to do that through an indicator. If the indicator references an external DLL, it is possible to do almost anything on the host computer such as deleting files and capturing keystrokes.

Do forex traders get taxed?

Forex futures and options are 1256 contracts and taxed using the 60/40 rule, with 60\% of gains or losses treated as long-term capital gains and 40\% as short-term. Spot forex traders are considered “988 traders” and can deduct all of their losses for the year.

What is Darvas Box Theory?

Darvas box theory is a trading strategy developed by Nicolas Darvas that targets stocks using highs and volume as key indicators. A stock is considered to be in a Darvas box when the price action rises above the previous high but falls back to a price not far from that high.

What is MetaTrader used for?

The MetaTrader suite, which is licensed by brokers and offered to traders, is one of the most widely used trading platforms for retail forex and CFDs trading globally. How do I get a broker for MetaTrader? We spent three months testing 27 different forex and CFDs brokers, then compiled a list of the best MetaTrader 4 brokers.

What is the best MT4 broker for Forex?

When it comes to forex trading on MetaTrader 4 (MT4) in 2021, the best MT4 broker is IC Markets. IC Markets offers the full MetaTrader suite alongside competitive pricing, add-on trading tools, and quality market research. Is MetaTrader 4 only for trading forex? The MetaTrader 4 (MT4) platform is predominantly for forex trading.

Is metametatrader 4 the Best Forex trading platform for beginners?

MetaTrader 4 broker is one of the most popular forex trading platforms, and it comes free with most forex brokers. If you want to make money from forex trading, chances are MT4 will be your home for years to come.

What are the best MetaTrader 4 brokers for 2021?

We spent three months testing 27 different forex and CFDs brokers, then compiled a list of the best MetaTrader 4 brokers. Our top pick for 2021, IC Markets, offers the full MetaTrader suite alongside competitive pricing, add-on trading tools, and quality market research.