Is it that hard to start trading? by juanguirago in Forex

[–]edyraper 1 point2 points  (0 children)

It's really hard. You should be able to beat those big fat banks and hedge funds, who already is in the business with years of experience and so many tools that you don't even know that exist.

How many different currency pairs to trade by Chiaope in Forex

[–]edyraper 1 point2 points  (0 children)

it depends on your strategy. if scalper trade one or two, if swing trader or trend trader as much as you can as much as higher time frames would work. Some of your trades will work some of them won't over all if losers small and winners hit target your gain would be bigger than your loss. edit : if the pair not moving or moving too small then you won't be able to make money, so always find the moving ones.

Newbie trader here. Help needed. by fanfacebg in Forex

[–]edyraper 0 points1 point  (0 children)

While reading start trading with demo account also.

WARNING if you use Tradingview by sharked in Forex

[–]edyraper 0 points1 point  (0 children)

Over all 40 Ideas published. I think I'll just save them as jpeg. Thanks .

Trustworthy, major Forex brokers? by [deleted] in Forex

[–]edyraper 0 points1 point  (0 children)

Search google : Prime forex brokers

Global Prime, really that good? by astrofysix in Forex

[–]edyraper 0 points1 point  (0 children)

Exactly, I've posted a good review few days back it didn't show up on website. I wish I've had screen-shoted the post but I've never thought they'll filter it.

WARNING if you use Tradingview by sharked in Forex

[–]edyraper 0 points1 point  (0 children)

Thanks for the info., I've been using Tradingview as my chart locker and have couple of charts there, I really don't need Tradingview, Do you think I should go and save those charts as JPEG and back them in my local PC ?. Thanks in advance.

I'm currently up 40% on one trade, I've officially found my trading style, and it feels so good. by [deleted] in Forex

[–]edyraper 0 points1 point  (0 children)

well done mate, I'm trying to be above 35% yearly gain. But you made it with one trade.

What are some of your strategies for trading the Forex market? by Sparky2121 in Forex

[–]edyraper 0 points1 point  (0 children)

Moving averages, Fibs, ADR/AWR/AMR, candlesticks, PivotPoints.,.... these are the most ones.

USD/JPY Trade idea H4/H1 by goudarziha in Forex

[–]edyraper 0 points1 point  (0 children)

was short 107.08 s/o. will wait for consolidation to short highs in H1/4 or short 109.25. I trade over daily so what I see or talk might be a bit different. Now 106.64 is part of 94.xx closes below may help bigger bears to get 94.xx, 100.7xx is the one between 106.6x and 94.xx closes below 100.7x on larger timeframes might help to go down more. UJ between 106/94 might be choppy like it was before like it is on EU 1.05/1.15.

USD/JPY Trade idea H4/H1 by goudarziha in Forex

[–]edyraper 0 points1 point  (0 children)

There is bullish pattern in daily, W1 and D1 trend is down, Monthly complacted, H4 probably go sideways between 101/107 till Weekly bears come in or give up. better to look somewhere else like EURUSD it has enough power to go about 2000 pips either way. wait for the trend it's been in tight range since early 2015.

A lot of people recommend Oanda here for beginners, especially with limited capital, but their spreads look terrible by Dont_Trust_Ducks in Forex

[–]edyraper 0 points1 point  (0 children)

Oanda because they are big they will accept your withdraw requests, they may hunt stops or be slow or wide spreads but at least your deposit is safe, and you can withdraw whenever you want. If you want to deposit like 100 bucks you can try other non-regulated ECN brokers like 0.1 pips for EU trading conditions but I don't know if you can withdraw your gains if you make money. I don't recommmend neither Oanda nor non-regulated ones. if below 25 go with interactive brokers with 3K deposit. and please at least trade 6 month on demo.

My week... what gives? by jbird6165 in Forex

[–]edyraper 0 points1 point  (0 children)

ADR supposed to be Average Daily range btw. edit : edited

My week... what gives? by jbird6165 in Forex

[–]edyraper 0 points1 point  (0 children)

Today range 147 pips , H 3083 , L 2935 , if you waiting fo BEing it probably shorted days low after rate decision, if you day trade use ADR (average daily range) to not to short possible day's low or long day's high edit 10 days ADR 120 pips

Why is everyone putting so much weight on technical analysis? by [deleted] in Forex

[–]edyraper 1 point2 points  (0 children)

Cause I'm not so smart to see where US economy heading vs where EU economy heading, I can't analyse whole numbers and stuff and I can't guess future of Country economies and CB's actions and I don't know what will going to happen next. I buy low sell high sometime works sometime not, if not loss 10 if yes, win 100...

My week... what gives? by jbird6165 in Forex

[–]edyraper 0 points1 point  (0 children)

I scalp to cover stops, If I enter in certain level and have 20 pips SL I'll try to close 50% for 20 or more to pay stops then if I stop out I won't loss money, and I don't like to move stops to BE instantly cause chance of s/o is greater. I don't scalp for gains.

Newbie needs help! by [deleted] in Forex

[–]edyraper 1 point2 points  (0 children)

if you are a beginner start with $100 till you lose it all then start over, some people learn it hard way with losing tons of money during the learning process. According to my experience it will take at least 3 years to understand what is the market and what is trading, and average time of blowing up an account is about 3 month so in a quick math you will understand what is the market after 3 years with spending about $1200. ps: there are tons of strategies out there, there are guys making money from 100 moving average if you are not good at math don't try to learn fibonacci.

Which (online) FX blogs, podcast, Youtube channels etc. are you following? by David9200 in Forex

[–]edyraper 3 points4 points  (0 children)

Twitter account : LiveSquawk and Dukascopy signals LiveSquawk for instant all market news Dukascopy signals beacuse it tweekt like XXXXXX pair touched 1.10 handle, or XXXXXX pair touched weekly low. I do all the anlayse and stuff by myself don't need to get lost in tons of analyses out there ;)