Loading...
Continue to Myfxbook.com
Continue to Myfxbook.com
Čeština
Deutsch
English
Español
Français
Indonesia
Latviešu
Melayu
Polski
Português(Brasil)
Português(Portugal)
Slovenčina
Svenska
Türkçe
Vietnamese
Русский
हिंदी
ไทย
日本語
简体字
繁體中文
한국어
Sign In
Sign Up
Open an account with FOREX.com
FX Tools:
Economic Calendar
Interest Rates
FX Calculators
News
spreads
Sentiment
Forex Heat Map
Correlation
Market Hours
Home
ChelseaR
Posts
Share
Share this page!
Posts by
ChelseaR
1
2
3
4
1
2
3
4
Exotic Pairs!
in
General
Dec 13, 2024 at 11:14
Good points Austin! You are right, spreads are a no joke in exotic pairs. I stick to them only when I see a clear setup. What is your favorite exotic pair to trade with?
Best realistic profit targets
in
General
Dec 12, 2024 at 08:05
It is very important to match the target with the personality of the currency pair. Let’s not forget USDCAD or AUDUSD. The first one requires some patience and the other one can be very aggressive during the Asian session. I try not to force and let the pair show me what it has got!
Daily Market Analysis
in
General
Dec 12, 2024 at 08:04
11th Dec Update:AUD is expected to be traded between the range of 0.6400 and 0.6480 for the short term.In the coming 2-3 weeks, AUD is expected to be in a stable range of 0.6375 to 0.6500.Late last week, AUD dropped to 0.6373 (because of RBA’s interest rates discussion), and if it touches the same price again, the currency is expected to move to the downside. It is expected that this week AUD will be highly volatile since Australia’s employment data is due on Thursday.
Mt5 vs Mt4
in
General
Dec 11, 2024 at 11:54
Both the platforms depend on the brokers and liquidity providers but I believe MT5 has some technical advantages. It offers more timeframes, advanced order types, and a better strategy for backtesting. This might make MT5 faster for some traders but that also depends on how they use the platform.
to be a greatest
in
New Traders
Dec 11, 2024 at 11:51
Growing $10 to $500 is a bold goal, but it is completely doable with patience, strategy, and risk management. You should focus on risking as low as 1-2% per trade that is $0.10 - $0.20 and try trading with brokers who offer micro lots like forex or crypto. For tracking and planning trades, you can always go for MT5 or TradingView to analyze and plan your trades.
Who’s ready to make some thousands of dollars this week?
in
New Traders
Dec 09, 2024 at 08:53
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!
Things you don't want to do as a forex beginner.
in
New Traders
Dec 09, 2024 at 08:52
Hey FrancV, here are some more things you can add to your list - 1. Don’t ignore risk management, put up stop-loss orders and protect your capital.2. Don’t overtrade, only to find yourself emotionally drained.3. Don’t copy others’ trades blindly, it may not work out the same way it worked for them.
BITCOIN DEAD ¿?
in
Crypto
Dec 06, 2024 at 10:58
But did you hear the fantastic news? Trump vowed that he would turn the US into the global house for cryptocurrencies. I am really excited to see what happens next.
About Bitcoin Trend
in
Crypto
Dec 06, 2024 at 10:57
Well, Bitcoin had crossed the $100,000 mark and the largest surge noticed was up to $103,801 after Trump nominated crypto proponent Paul Atkins for SEC chairman.
Leverage: The Double-Edged Sword Every Trader Needs to Master
in
New Traders
Dec 05, 2024 at 11:33
I totally agree with this. Leverage can either be a trader’s best friend or worst enemy, depending on how you use it. Yes, starting at a small leverage is good advice and once traders get to understand how leverage works, the risks, and positions, they can increase the leverage later.
How accurate is the sentiment indicator?
in
General
Dec 05, 2024 at 11:32
You’re right. Sentiment tools are great for analyzing the general mood of the market but here, timing is everything. Waiting for confirmation using stop-entry orders is a good tactic.
About XAUUSD. Gold
in
New Traders
Dec 04, 2024 at 12:22
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!
Psychology
in
New Traders
Dec 04, 2024 at 10:32
Basically this. Without the right mindset, even the best of strategies don’t work out. A trader should stay disciplined, stick to the plan, and contain emotions (during losses). Apart from technicality, trading is also about the mental game.
Stress, anxiety and motivation.
in
General
Dec 03, 2024 at 11:44
That is such a good perspective. Sometimes it gets difficult to handle the emotional side of trading and you are very right to suggest that this stress can be turned into something constructive. I will stick to my plan and focus on risk management. Thanks for the motivation.
The Truth about Backtesting
in
New Traders
Dec 03, 2024 at 10:36
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 news, change in market conditions, or even slippage. This can mess up any backtested strategy.
You have an Ad Blocker!
Myfxbook is a site supported by advertisements. Here are two ways for you to continue browsing:
Ad Free Subscription
or
Disable your Ad Blocker
Already subscribed?
Sign In
You're not logged in
This feature is available for registered members only.
Registration is free and takes less than a minute.
Click the sign up button to continue.
Unless you're already a member and enjoying our service, then just sign in.
Keep up to date with the markets
Enable notifications to receive real-time important market updates:
Economic Calendar
Forex News
You can disable notifications at any time from your browser.
Unblock Notifications
You've blocked browser notifications for Myfxbook.com. Please enable it:
You can disable notifications at any time from your browser.
PREVIOUS
CONSENSUS
ACTUAL
