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amaya01
03-15-2016, 04:20 AM
Forex is short for foreign exchange, but the actual asset class we are referring to is currencies.
Foreign exchange is the act of changing one country's currency into another country's currency for a variety of reasons, usually for tourism or commerce. Due to the fact that business is global there is a need to transact with most other countries in their own particular currency.
After the accord at Bretton Woods in 1971, when currencies were allowed to float freely against one another, the values of individual currencies have varied, which has given rise to the need for foreign exchange services. This service has been taken up by the commercial and investment banks on behalf of their clients, but has simultaneously provided a speculative environment for trading one currency against another using the internet.

If you want to start trading forex, Check out : forexsignaluae.blogspot.in

zoezoe
04-24-2016, 02:46 PM
Just a quick post on the xau/usd... looking at the daily h&s pattern and other technicals, I would be a seller.
Might be time to revisit some of your favorite etf options. Physical holders might consider holding off on buying programs or hedging into this draw down...Imo...

davidblack
05-19-2016, 05:45 AM
Forex is a great opportunity to make good money. If you have knowledge and skills then it would be beneficial for a trader and he can make good profit in forex trading.

IceAged
05-23-2016, 05:26 PM
This is one of the absolute best forex sites on the internet IMHO for those just wanting to learn or get intial/additional insight

http://www.babypips.com/school

And It's FREE!!!


IceAged

SilverPipe
05-23-2016, 05:49 PM
http://www.babypips.com/school

And It's FREE!!!



Bookmarked ... thanks!

zoezoe
10-30-2016, 12:23 PM
I've gone from pennies to majors, options, futures and now exclusively forex. It is the most widely traded market with the best liquidity.
xau/usd..daily view..in a reactionary bounce up from the large bear candle from almost a month ago. It still has some legs into the 50% fib on a bear flag into 1292. It will either stall or pull back at that level. The 618 is a little more concerning, playing within a major bear bar and coming into multiple resistant points. At 1303 with posable spikes ( most likely) into 1313. Dynamic gold long positions need to be protected...hedging. For those not familiar with hedging you could considered it as insurance. There are many safe products avaliable including monthly options and or etf's. I wouldn't short any particular security, your at risk from a news event.

These are levels the market will be looking at and not indicative of future price action. Currently I have no open market positions on gold. Good luck, nothing goes in a straight line.

sluicebox
11-02-2016, 10:00 PM
Forex is a great opportunity to make good money. If you have knowledge and skills then it would be beneficial for a trader and he can make good profit in forex trading.

Zero sum games (before transaction fees) are by definition a pretty bad opportunity. Better than a casino, wayyyyy worse than investing in the overall market though ;-)

zoezoe
11-03-2016, 06:33 AM
Fees are low...if your compare it to a casino then you either have weak skills or have never traded.How did I make my call correctly two days before it happened? ..education.
Forex for the most part is currency pairs. By the above posters logic; everyone that has a dollar in their pocket is playing in the casino...
Short as per my call at 1304 doing very nicely...pt 1273.03

5% of the population can trade everyone else fails.
It's takes a certain type of mindset and dedication. If you decide to take this on there are no signal providers or black box algorithms that will fast track you over night. Forex doesn't care if your black, yellow or purple. It has no mercy and as hard as it is to trade, if you can make it past the watermark it's the most beutiful place on earth.

If I walk into a coffee shop I have to think is the person working the counter worth millions. Who's to know what there true potential is? So many nameless people walk past me everyday that are giants. They have no clue what and who they are.

SilverPipe
11-03-2016, 04:02 PM
So many nameless people walk past me everyday that are giants. They have no clue what and who they are.

Eloquently stated and so true!

I registered at the babypips site listed by IceAged above and it's been great ... highly recommended.

zoezoe
11-04-2016, 02:13 AM
Good for you Silver Pipe..there is so much info out there. Baby pips is a good place. Hope your using mt4..demo is a good start.
Looking at xau 1 hour. I've been playing the volatility up and down. Currently short again from my original level. Looking to take profits at 1292.07 with in the money stops in place. Pattern development is forming an inverted head and shoulders. Energy could be hinting at a big move up. To early to tell and will have to follow my rules and watch and wait. If it comes the measured move suggests a pop to 1320....will see how the neck line does.

Chappello
11-04-2016, 08:51 AM
What's the best tips for a newbie someone who is going to build up their career on Forex like me? I am totally new and would like to get few legitimate ideas. Thanks!

zoezoe
11-05-2016, 05:05 AM
Understand yourself first...
- 3 combinations of passive/aggressive.
-are you a perfectionist/ never wrong/ hunter ...etc.

Knowing this stuff will define your trading style down the road. Your going to learn everything from everyone, you have to take it all in. Then filter it into what you belive and do it again...big rocks, gravel and then finally sand.

You can't make it here if you look through someone else's eyes, your only going to see what they want you to.There are 20 ways to build a box, do it in way that fits you.There is no right or wrong, only price action.

To start make sure you tools are good...connection/ backup/ tight spreads / ecn / min 2 screens/ lower leverage...spread for me can be as low as 2 on the eur/usd...min slippage with instant execution. Demo accounts are a good to start but I think you can find a free live account with 30 bucks in it. Trading a real account with lot sizes at .01 is more realistic. All the brokers that I know of have auto stop outs. Most traders (70%) use the mt4 platform you need to download that, its free...It would be a good resource for conventional stackers that want to up their game too.

Most of all
-understand risk management
- best time of day to trade
- don't trade....binary crap/ phone or tab/ news events!
-never sit down with a preconceived opion...you can be right and still be wrong...be a reed in the wind.

So much stuff better start reading.

zoezoe
11-11-2016, 03:11 PM
Buy limit..1199.76
Into support and break of even number. With the big flush I'm looking for a break and bounce on the 50% daily fib.
Luck..

zoezoe
11-12-2016, 04:39 PM
If we are working on a third leg this down trend has more work.
1199.76 buy...1251.19 sell
To far off to see but if these levels work. You might learn to hedge off the bounce.

Pling1944
03-22-2017, 10:54 AM
Forex is a good business and everyone can participate in it. There is no restriction of age, sex or education but you should have a basic education of it. So if you want to be a successful trader then learn the basics of Forex first and then start trading.

kennedy
08-06-2017, 02:07 PM
This is one of the absolute best forex sites on the internet IMHO for those just wanting to learn or get intial/additional insight

Much appreciated. Nice and clean site. Curious, is there a virtual FX playground after reading that we can test our skills in. For me, i need to play in the kiddie pool with virtual money to really let it fully soak in before i can feel confident enought to explore opening a real FX account.

IceAged
08-19-2017, 06:43 PM
Much appreciated. Nice and clean site. Curious, is there a virtual FX playground after reading that we can test our skills in. For me, i need to play in the kiddie pool with virtual money to really let it fully soak in before i can feel confident enought to explore opening a real FX account.

Most FX brokers will offer a 'paper trading' account, most using MT4 when I was last in it.

They usually put $50K to $200K in fake funds to play with.

Good to experiment 1st, cause this is playing with large leverage in most cases and small changes equal big $$$ (both gains and losses)

And with FX trading, it is possible to loose MORE than you initial layout of capitol.

Theoreatlly I do not think there is a limit to losses, but they will generally freeze you account and liquidate whatever positions you have if you do not add funds to cover your losses

DutchSilver
11-14-2017, 11:25 AM
Why is EUR/USD up by 0.8% today?
Relentless upward move whilst SM's are not doing to well

DutchSilver
11-15-2017, 05:00 AM
And another 0.5% already!

Used to have s short Eur/USD...glad I don't have now

rajveervyas
04-17-2018, 04:39 AM
Forex is the wide market to trading and make money when we have right guidance to trade in forex market.

antonblood
05-03-2018, 02:42 AM
if you are a newbie in forex world..find someone to teach you until you can make a profit for the first time. And take a risk with more money..

Josesv
06-15-2018, 05:23 PM
I agree, The risk money is very important for newbie in forex. So, is no easy to trader

Miriam Dill
10-18-2018, 01:53 PM
As a student I got the real sense of Forex. Forex is a great opportunity for every FX trader. The forex is filled with convenience. We can trade here as we like. Just like I'm trading here like part time job this is the best option than any part time job. There are huge benefits to the traders through brokers. If you know that it is possible to imagine our money in exchange for money. TP Global FX is a broker that makes it easy with my trading facility.

Cristian Fierro
10-22-2018, 12:32 PM
Newcomers have always good expectations from Forex, but mostly thought that earning money is easy job in Forex which is not right. New trader should acquire good knowledge of trading before invest money in Forex. Forex4you trading broker I choose when I was a beginner due to its best and supportive educational platform. After acquiring good knowledge of Forex I open a standard account with them and now I making good money.

Enizz
10-29-2018, 08:05 AM
Can anyone tell me the best platform to copy other traders? eToro is good?

mikebrxt
11-21-2018, 12:01 PM
Not sure about eToro, have not tested them. What I suggest is you should learn to trade on your own, not just copy trade.

trishia
12-31-2018, 01:31 AM
This is one of the absolute best forex sites on the internet IMHO for those just wanting to learn or get intial/additional insight

http://www.babypips.com/school

And It's FREE!!!




Yes, I agree. It is one of the best site to learn about forex and related topics.