Forex Tradingwithrayner

ryanch

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Dear Rayner, I sincerely never knew about this post and would like to thank you for doing this and offering help and advice to newbies (like me)

i just started forex trading and on a platform under UFXMarkets....... Are they trustable??????

if not which company do u recommend to trade with???

You can try fxdd or pepperstone mt4 platform.

hope that helps!

Maybe u could try them out, since thats what he recommended :)
 

mowaxchua

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Bullish divergence on AUD/USD

From the weekly chart, AUD/USD seems to found the bottom.
It look like a bullish divergence.
Daily chart is showing another comfirmation. MACD histogram is ticking up and MACD line is moving toward zero reference. It is going for uptrend.
Weekly Chart:
AUDUSDWeekly_zpsf518f66b.jpg


Daily Chart:
AUDUSDDaily_zps72822f07.jpg
 

klavier

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Thanks didnt realise there was a thread on forex here.. got burned recently due to the sudden increase in gbp..

i usually trade gbp/usd and aud/usd pairs.
anyone has any idea how high gbp will go? i still have a 'sell' on gbp but it would be too painful to cut lost now.
as for aud/usd... i am favouring 'buy' position (expecting a correction) but i am thinking the overall trend in the next month or so will actually be further weakening for the aud..
 
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Thanks didnt realise there was a thread on forex here.. got burned recently due to the sudden increase in gbp..

i usually trade gbp/usd and aud/usd pairs.
anyone has any idea how high gbp will go? i still have a 'sell' on gbp but it would be too painful to cut lost now.
as for aud/usd... i am favouring 'buy' position (expecting a correction) but i am thinking the overall trend in the next month or so will actually be further weakening for the aud..

Hi Klavier,

I suggest learning more about Fx trading before attempting to trade with real money.

As for you Gbpusd position, what i will always suggest is to cut immediately. Price may go in your favour or against your favour, we never know. But you entered the trade without a trading plan is as good as gambling, which i strongly suggest you exit the trade immediately.

Then start from scratch on a demo, learning the ropes slowly before attempting to trade live money once again.

It's harsh truth i know, but trust me i started out the same way.

Hope that helps!
 

klavier

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Hi Klavier,

I suggest learning more about Fx trading before attempting to trade with real money.

As for you Gbpusd position, what i will always suggest is to cut immediately. Price may go in your favour or against your favour, we never know. But you entered the trade without a trading plan is as good as gambling, which i strongly suggest you exit the trade immediately.

Then start from scratch on a demo, learning the ropes slowly before attempting to trade live money once again.

It's harsh truth i know, but trust me i started out the same way.

Hope that helps!

Thanks for your input. I actually went into trading due to my friendship with a FX broker. Was doing fairly well until one wrong trade. Should have read up more before getting in. I haven thought of quitting though. I gather to be successful, one sometimes has to lose. Only when real pain is felt then I finally tried to do some research..
 
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Thanks for your input. I actually went into trading due to my friendship with a FX broker. Was doing fairly well until one wrong trade. Should have read up more before getting in. I haven thought of quitting though. I gather to be successful, one sometimes has to lose. Only when real pain is felt then I finally tried to do some research..

You're welcome.

Feel free to ask any questions here, the people here are friendly! :)
 
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Find out why I'm bearish on JPY in the coming weeks.

Then I share with you the trade setups I took this week!

 
Last edited:

Middle-C

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just asking... anyone using auto forex trading apps? are they trustworthy?
 
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