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New Traders Forum

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About XAUUSD..

By Huss46 Dec 05, 2024 at 10:48

I think XAUUSD will will surge steadily as it didn't react much to the US job data. But I can surge because of geopolitical tensions in Ukraine & Russia, Syria etc. This could impact XAUUSD prices. I'm keeping an eye on the market.

2 Replies 59 Views

Last post by Brenda13 Dec 09, 2024 at 10:57

Who’s ready to make some thousands of dollars this week?

By MARVINSTARFX Dec 08, 2024 at 08:34

Loving this mindset! You are absolutely right in saying psychology is as important as strategy. It is extremely important to stay disciplined, manage your time and risks, and keep learning at every step to ensure long-term success. I’m planning to make this week count!

1 Replies 80 Views

Last post by ChelseaR Dec 09, 2024 at 08:53

Leverage: The Double-Edged Sword Every Trader Needs to Master

By shinebalami Dec 04, 2024 at 11:57

Yeap! Leverage is like fire - if you use it right and then it becomes an useful tool for your life, but misusing it can burn you. Start with atleast 1:10 - useful for beginner and then gradually make your way

3 Replies 77 Views

Last post by robindude Dec 06, 2024 at 11:30

About XAUUSD. Gold

By Huss46 Dec 04, 2024 at 04:48

Gold prices have gone up slightly but still remain under the same range. Imo, I am predicting that the price will go down due to Fed’s remark on the interest rates. Let’s wait and watch what happens!

4 Replies 68 Views

Last post by ChelseaR Dec 04, 2024 at 12:22

EurAud head and shoulders pattern

By forex_trader_2245163 Dec 04, 2024 at 02:09

This could mean that a potential bullish reversal is happening if the neckline breaks.

1 Replies 49 Views

Last post by blair3 Dec 04, 2024 at 07:46

1:200 leverage

By Mohammadi Mar 12, 2019 at 09:32

The leverage should depend on the asset volatility. Negative correlation should include the higher the volatility, the lower the leverage.

87 Replies 6,927 Views

Last post by DanGreenX Dec 03, 2024 at 11:20

The Truth about Backtesting

By FrancV Nov 30, 2024 at 13:22

I have not yet come across a strategy that fails during backtesting because usually it is adjusted to fit the historical data. But I have realized that if a strategy worked during backtesting, that does not guarantee that it would work on live trading. In real-time markets, anything can happen that may lead to price fluctuations like unexpected new...

4 Replies 151 Views

Last post by ChelseaR Dec 03, 2024 at 10:36

GBPUSD Meets GBPSGD: A Correlation You Can’t Afford to Ignore

By shinebalami Dec 02, 2024 at 14:54

The power lies to those who see inside the dark

1 Replies 88 Views

Last post by Kakistar01 Dec 02, 2024 at 17:55

Why in myfxbook is the xau/usd pip 1000 and not 100?

By popollo Dec 02, 2024 at 05:53

I have never seen anything like that before, lol, but dont you think it is better to use broker's calculator since you will be trading with them? Myfxbook is just making an assumption for you to understand

3 Replies 68 Views

Last post by blair3 Dec 02, 2024 at 06:25

signal provider broker

By Lottelein Nov 29, 2024 at 09:33

My broker has a trading community that including over 500 signals, you can choose anyone that fit your investment purpose and style. You can DM me for more information

3 Replies 117 Views

Last post by FPG_Trista Dec 02, 2024 at 01:22

Forex AI: The Future of Automated Trading – Opportunity or Challenge?

By Easytradingol Nov 29, 2024 at 14:44

The Forex world is undergoing significant transformations with the advancement of artificial intelligence (AI) and automated trading technologies. Today, traders no longer rely solely on personal skills or traditional technical analysis; they have access to trading robots and intelligent algorithms. But is this the "magic wand" that ensur...

0 Replies 82 Views

Last post by Easytradingol Nov 29, 2024 at 14:44

Rate my strategy....

By GLCooper Nov 21, 2024 at 18:36

thanks for the feed back yeah my risk tolerance is very high but then again my account size is only 2k and and at the time when my drawdown was 67% percent i was down like 800 when i only had 1.3kish in my account.... 800 dollars wasn't gonna make or break me, but i will try to be more mindful of my margin used and drawdown....its just that i o...

8 Replies 101 Views

Last post by GLCooper Nov 26, 2024 at 08:07

XAUUSD - GOLD

By Huss46 Nov 26, 2024 at 05:13

XAUUSD Sell now 2630. To 2600 and if anybody use SL must be 2645.This is best opportunity for traders if you follow my signals I'm 100% sure you will Gain big Profit Thanks and best of luck...

0 Replies 61 Views

Last post by Huss46 Nov 26, 2024 at 05:13

Best Forex Trader

By Huss46 Nov 22, 2024 at 13:29

Your perspective is spot on! Accepting mistakes and learning from them is essential in Forex trading. Losses are indeed a natural part of the process, and using stop-loss (SL) effectively can help manage risk. Patience in waiting for perfect entry points also sets successful traders apart. It's not just about the profit but maintaining consiste...

3 Replies 80 Views

Last post by y8g9NkylxG Nov 25, 2024 at 17:48

How to learn forex in 3 steps

By smartfxbrokers Nov 21, 2024 at 10:49

Here's my take: Understand the Basics: Familiarize yourself with fundamental forex terms (e.g., pips, lots, spreads) and how the market operates. Use free educational resources like articles, YouTube tutorials, or online courses. Practice with a Demo Account: Open a demo account to simulate trading without risk. It’s a critical step...

3 Replies 89 Views

Last post by y8g9NkylxG Nov 25, 2024 at 17:47

Top treaders

By Nihilus Nov 21, 2024 at 13:26

Treaders hi

0 Replies 37 Views

Last post by Nihilus Nov 21, 2024 at 13:26

Here's your big trading opportunity for 2024

By smartfxbrokers Nov 21, 2024 at 09:29

As we stand on the precipice of 2024, market analysts and traders alike are eager to navigate the evolving landscape of trading opportunities. The coming year promises a multitude of prospects shaped by global economic shifts, technological advancements, and policy changes. In this comprehensive guide, we will delve into the key market trends for 2...

0 Replies 79 Views

Last post by smartfxbrokers Nov 21, 2024 at 09:29

Choosing a broker and trading

By optinskijj Oct 10, 2024 at 04:20

im using doo prime right now , Doo prime offering swap free , and fast withdraw

12 Replies 328 Views

Last post by yslow99 Nov 20, 2024 at 07:34

New to trading

By Guz1 Oct 10, 2024 at 05:11

Trading is a journey, and starting on the right foot is key. Focus on learning the fundamentals, such as market mechanics, risk management, and technical analysis. Use online resources, books, or courses to build your knowledge. Open a demo account to practice without financial risk, and take your time refining your strategy. Keep your trading goal...

12 Replies 162 Views

Last post by y8g9NkylxG Nov 15, 2024 at 16:41

Advance forex trading guidance

By Anishcapital Nov 11, 2024 at 11:10

To move forward, first identify of your mistakes or weak points. Don’t get confused by all the resources—focus on improving your strategy and practicing consistently. You can start with free signals to observe and refine your approach and also try Sure Profit Trading Secret - eBook to guide you forward.

2 Replies 98 Views

Last post by Daniel424 Nov 13, 2024 at 08:44

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Any opinions or market advice provided in the community sections are not necessarily the opinions of Myfxbook or its affiliates. The comments and opinions posted are of traders who may or may not be experienced. The comments are not reviewed or researched by Myfxbook.com or its affiliates. If you choose to make decisions or place trades based upon the comments, you are doing so at your own risk. Myfxbook and its affiliates are not responsible for any losses incurred due to the use of the content provided.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.