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/r/Forex Trading Community
Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
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Law of Forex - What "Law" do you believe in the Forex Market?
The "law" i mean here is a pattern, phenomenon or a rules that the Forex Market / or a certain currency pair always obey , or something that always happen. Some silly example like "EURUSD will never be lower than xx value" , or "A certain economic news with positive result will guarantee a certain currency to go bull" , or "a certain pattern followed by a certain pattern, then this will happen" , a certain time/day of the week has the most volume , "RSI always works when pair with another indicator" , "MACD doesn't work unless xxx" ,"a mixture of indicators plus another price action is a sign of something happen" etc.. Tell us what do you believe and and your opinion on it, let us know!
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I have just started learning about trading in forex market and it would be great if someone with experience could help me to come up with a trading plan
I just finished reading Currency Trading for Dummies and I now have some very basic idea of trading however I understand that I’m only starting and I’m going to stick with demo account for now. Now I want to start working on my trading plan and as I have learned there is no easy formula to make a trading plan however I think someone with experience could explain to me some flaws of my trading plan if there are any. For now I only have a very basic trading plan. I have decided to trade in 1h and 4h charts. First, I will look at a general trend because as I learned in the book it is better to not trade against trend and then look at resistance and support in daily charts. Then I will look at where prices are likely to break resistance or support and there I am going to enter the market. I plan to close my positions at some key resistance or support levels or when I learn how to use it maybe I will also use Fibonacci retracement. Hoping to hear andvice from someone who is familiar with such type of trading Thanks!
Are you a newbie? Want to know what are your choices in the Forex market? Then here is it. #daytradingmethods #forexmarket #investment #momentumtrading #trend #scalping #reversetrading #pricemoves #traderpulse
There is an ongoing forex craze fueled by multi-level marketing schemes with the promise to earn you passive income on the side and even crazier, financial freedom. You need to be careful or risk… The forex market is the market in which participants including banks, funds, and individuals can buy or sell currencies for both hedging and speculative purposes. Forex Marketing and Regulations and None-Regulations. The forex market, which is associated with foreign exchange is the most important and valuable worldwide with worth around US 5 Billion. Around 3 billion dollars used as trading daily in simple word used in forex, Most of the investor give input on daily bases. Pro Tips And Tricks For Forex Trading You do not need a degree … Pro Tips And Tricks For Forex Trading (2) Source: Flickr The Forex trading market is an around-the-clock cash market where the … As a Forex broker, it is important to have an effective marketing strategy in place in order to acquire new traders and retain them. The Forex market is highly competitive which makes it harder to stand out from your competitors with your products or services. There are however a number of effective ways in which you can do it if you are fully committed to achieving your end goal.
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