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USDJPY set up ideas and trades
på
Erfaren Traders
Oct 25, 2022 at 13:19
As always pay attention to what DXY is doing and even look at the futures contracts for each currency to assess strength and weakness if any,
Broker Recommendation - Low slippage brokers
på
Erfaren Traders
Oct 19, 2022 at 11:32
Slippage is unavoidable if you are trading during rollover times or during high volatility news. I personally use IC Markets and CedarFX who I am happy with but they will both experience slippage at certain times of day.
USDJPY set up ideas and trades
på
Erfaren Traders
Oct 19, 2022 at 11:30
DXY will retrace again but at the moment there is nothing to suggest that we are changing trend on it. As such betting against it is catching the falling knife until we see evidence otherwise.
Is it necessary to choose the right day to trade?
på
Nya Handlare
Oct 17, 2022 at 09:25
Depends on many factors. The day makes less difference to me than whether my rules for a trade are triggered or not. If that happens on a Monday then I take a trade, if not, I don't. Keep it simple.
Do you use MT4 or MT5?
på
Allmänt
Oct 17, 2022 at 09:23
MT4 because it is simple and easy to use.
For Beginners
på
Allmänt
Oct 17, 2022 at 09:22
What are you talking about? Account management or something?
Manual VS Automatic trading
på
Erfaren Traders
Oct 03, 2022 at 09:38
Tried both and prefer manual trading myself as I feel I have more control than by using bots.
Is a demo account really neccassary?
på
Nya Handlare
Oct 03, 2022 at 09:28
I don't think this is true at all. You can get a good idea if a strategy works or not on demo to at least give yourself a good chance of getting somewhere on a live account and use the confidence derived from having a large dataset to prevent doubts creeping in and wrecking good trades.
Demo accounts
på
Allmänt
Oct 03, 2022 at 09:26
Before you even consider getting real money in the market you need to have a well tested strategy. This is done on a demo account where you can trade and test without the emotional tie to real money. Too many skip this step and their poor psychology, lack of planning and greed ruins them.
5 Things I have learned in 5 years of trading!
på
Allmänt
Sep 29, 2022 at 09:27
Exactly, get those small consistent gains on a regular basis, show that you can and acquire capital and then rinse and repeat.
USDJPY set up ideas and trades
på
Erfaren Traders
Sep 28, 2022 at 13:26
Gone a bit sideways this week. Impulse move just about to happen!
EURGBP set up ideas
på
Erfaren Traders
Sep 28, 2022 at 13:24
Some massive volume came in he last week or so
Best forex demo account brokers
på
Allmänt
Sep 26, 2022 at 12:43
Pick a broker that has conditions that you'd want to trade with live. I like IC Markets and CedarFX personally but as always DYOR.
Why automated? Because your emmotions are the worst thing
på
Erfaren Traders
Sep 22, 2022 at 12:22
I started on EA trading and moved to manual trading. The lack of perceived control I had and also lack of understanding didn't help when I saw larger drawdown numbers that I just wouldn't see with manual trading. Arguably made me tougher in the face of any drawdown manually now.
EURGBP set up ideas
på
Erfaren Traders
Sep 22, 2022 at 12:20
I would say quite the opposite. Recent high broken so it is now retracing. Zoom out on daily and you will see HH and HL forming on this pair.
USDJPY set up ideas and trades
på
Erfaren Traders
Sep 22, 2022 at 12:18
How can you say that when it has been 10 pips from 146.000?
Looking for the best brother
på
Allmänt
Sep 22, 2022 at 12:12
Depends on what you need from the broker in terms of conditions and regulations, if any. I found IC Markets, EagleFX and Pepperstone all pretty decent for me.
USDJPY set up ideas and trades
på
Erfaren Traders
Sep 20, 2022 at 14:31
I wouldn't want to see the OB retested after being capitalised personally. I think the entry was on the 14th. There was a move down yesterday but not as low and USD appears to be rallying ahead of expected further rate increases tomorrow.
EURGBP set up ideas
på
Erfaren Traders
Sep 20, 2022 at 14:27
Break of structure this week could indicate some bullishness on this pair.
GBPUSD
på
Erfaren Traders
Sep 20, 2022 at 14:25
Not so confident GBP is looking to breakout. Weaker vs EUR and USD at the moment.
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