What are the recommended settings and indicators to use in FX Meta Trader for cryptocurrency trading?

3 answers

• Nov 26, 2021 · 3 years ago
  As a cryptocurrency trader, it's important to use the right settings and indicators in FX Meta Trader to make informed trading decisions. Some recommended settings include setting the time frame to match your trading strategy, enabling real-time price updates, and adjusting the leverage ratio based on your risk tolerance. In terms of indicators, popular ones for cryptocurrency trading include moving averages, Bollinger Bands, and the Relative Strength Index (RSI). Experiment with different settings and indicators to find what works best for your trading style.
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• Nov 26, 2021 · 3 years ago
  When it comes to cryptocurrency trading on FX Meta Trader, there are a few settings and indicators that you should consider. Firstly, make sure you have the latest version of the software installed to access all the features and security updates. As for indicators, you can use the MACD (Moving Average Convergence Divergence), the Stochastic Oscillator, and the Fibonacci retracement levels. These indicators can help you identify trends, overbought or oversold conditions, and potential support and resistance levels. Remember to always do your own research and practice risk management.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using FX Meta Trader for cryptocurrency trading. They suggest using a combination of technical indicators such as the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the Bollinger Bands. These indicators can help you identify trends, momentum, and potential entry or exit points. Additionally, they advise adjusting the settings based on your trading strategy and risk tolerance. Remember to backtest your strategy and stay updated with the latest market news and developments.
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