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General Forum

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Pound Euro (GBP/EUR) Exchange Rate Falls following Final PMIs

By mdsh7864 Dec 05, 2021 at 07:23

The Pound Euro (GBP/EUR) exchange rate has slipped yesterday amid a risk-off market mood and the release of the finalised composite PMIs for both the UK and the Eurozone. GBP/EUR was trading at around €1.174, down over 0.2% from yesterday opening level of €1.1777.

0 Replies 505 Views

Last post by mdsh7864 Dec 05, 2021 at 07:23

Trading without stop loss

By UweMoench Dec 23, 2020 at 15:57

Guess that stop loss is the main thing in trading activity. Lots of traders neglect trading with stop loss because they think that they know when to stop, nevertheless, according to the statistics, the vast majority of traders doesn't know when to stop. They just blow their accounts, especially when they trad with leverages.In my opinion, it...

45 Replies 3,034 Views

Last post by Unett Dec 04, 2021 at 19:59

When to stop.

By 45656 Sep 22, 2019 at 07:12

Actually, to my mind, you have to stop when you need to stop. If you see that market tries to elimate you as a trader, then probably it's right time to stop, because your further moves can be very dangerous. Traders don't like when other traders turn trading activity into gambling, when you have a lots of losses, then you start to open posi...

61 Replies 3,770 Views

Last post by FullBro Dec 04, 2021 at 15:42

Most traders don't get success

By UweMoench Oct 16, 2020 at 12:57

I hate that so many beginners fall for the while get rich quick idea about forex trading. It's definitely an avenue to make money but a lot of people overlook the effort it takes to really make money.

39 Replies 2,110 Views

Last post by HeavLeighGill26 Dec 01, 2021 at 19:38

Types of spreads

By UweMoench Dec 17, 2020 at 08:12

Every broker that I've ever checked out with fixed spreads was insanely pricey, I always stick to variable spreads.

19 Replies 1,416 Views

Last post by HeavLeighGill26 Dec 01, 2021 at 19:29

Should I trust automatic GMT?

By Natalisha Nov 26, 2021 at 05:45

Is the automatic GMT in this EA reliable or do you need special settings to match the time of most brokers?

0 Replies 224 Views

Last post by Natalisha Nov 26, 2021 at 05:45

Forex is profitable ?

By Admoni Nov 10, 2017 at 11:03

Yes, forex is a profitable business and you can make a lot of profit if you have good knowledge and skills.

406 Replies 17,922 Views

Last post by Williamfreed Nov 24, 2021 at 03:35

Any good brokers with proper leverage / cent account for EU residents

By ronin75 Jun 19, 2020 at 11:35

Turnkeyforex is also a good option for higher leverage, upto 500X.

27 Replies 2,191 Views

Last post by miguelcaron Nov 22, 2021 at 10:08

What works?

By UweMoench Nov 22, 2020 at 07:04

Very true. Certain strategies can be more complex or time consuming while others are less. Some of us may excel with one particular strategy but be horrible when using another. If there was one proven way to trade that would work for everybody, we'd all be doing the same thing.

55 Replies 2,884 Views

Last post by HeavLeighGill26 Nov 16, 2021 at 14:59

Expectations

By FxDThompson Nov 06, 2020 at 18:43

Well, it's getting harder and harder to predict the further price movement, because nowdays the market is very volatile. It depends on various aspects, starting from covid-19 and ending with season. The fall is always a very tough period for traders, because the fluctuation of assets is pretty high. I believe, that it also can be connected with...

9 Replies 831 Views

Last post by Grole Nov 12, 2021 at 08:51

INDONESIA BERSATU (Only for Indonesian Trader)

By DIKIHENDARYANTO Feb 24, 2017 at 02:16

Stlh 4 tahun menghilang dan sekarang saya kembali...dan pastinya saya semakin tua😄😄😄

285 Replies 10,968 Views

Last post by DIKIHENDARYANTO Nov 07, 2021 at 12:49

To make a good trading plan

By Michihito Jan 03, 2021 at 07:19

@Oghmage Yes to make a trading plan, one should have enough knowledge and skills about trading. Otherwise he won't be able to make a working plan.

36 Replies 2,113 Views

Last post by UweMoench Nov 06, 2021 at 13:10

Risk/Reward Ration-Why you should master the Act.

By forex_trader_1984295 Nov 05, 2020 at 06:26

@croisssan Yes risk can bring good return. But problem with forex is it's already risky business due to high leverage. It's like taking double risk when we don't follow proper risk management system.

22 Replies 1,761 Views

Last post by Akasuki Nov 06, 2021 at 09:33

Forex trading is for expert people

By UweMoench Oct 25, 2020 at 12:59

Knowledge is the main goal in my trading. If I trade with that goal in mind, I will be able to move forward. Otherwise, I will be a failure trader. For this, first I have to gain trading knowledge.

29 Replies 1,848 Views

Last post by AliaDare Nov 04, 2021 at 16:36

Number one biggest mistake

By Michihito Nov 29, 2020 at 14:42

@marindateal Yes most people treat it like it's a quick money scheme. But it's not what they think. You can make more than any other business but that doesn't mean it has to be within 1 month.

30 Replies 2,250 Views

Last post by UweMoench Nov 04, 2021 at 14:59

No one should depend upon luck

By Michihito Dec 27, 2020 at 07:04

@jonathandaniel Yes there is no option for luck. Luck can't favour us in every trade if we not have skills. It's the skills that bring luck. Not the other way around.

27 Replies 2,041 Views

Last post by Akasuki Nov 04, 2021 at 13:42

Leverage

By forex_trader_2009352 Dec 12, 2020 at 15:38

@RobSchiz Yes you are right. But it is also right that without leverage, it would be for people with small capital. It's the leverage that help them to trade with small amount of money.

32 Replies 2,090 Views

Last post by Akasuki Nov 04, 2021 at 13:37

Classic books about forex

By forex_trader_318221 Sep 25, 2016 at 06:38

@sebking1986 Yes I agree with you, these two are gem on trading psychology. Unfortunately most people do not bother about trading psychology and don't study about it.

57 Replies 3,432 Views

Last post by UweMoench Nov 04, 2021 at 08:08

Purpose of demo trading

By Michihito Jan 27, 2021 at 12:28

@Dwane47 Yes I absolutely agree with you that demo is for developing different skills and strategy not for random trading. But most people just do random trading.

80 Replies 4,295 Views

Last post by UweMoench Nov 04, 2021 at 07:25

GBP/USD LONGS HEIGHTEN DOWNSIDE RISKS.

By mdsh7864 Nov 02, 2021 at 07:16

There is massive news coming for GBP and also USD this week. This is going to be a very volatile one i think

1 Replies 580 Views

Last post by CraigMcG2020 Nov 02, 2021 at 08:07

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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.