Forex Tradingwithrayner

[GenerationX]

I sold at resistance here.

hi, ok, thanks..

 

[Villas-Boas]

Hi bro, interested in learning about Forex. Have zero knowledge about stocks or Forex. Which sites or platform do you recommend to learn from? And which demo account do you think is the best? Thanks!

 

[GenerationX]

Hi bro, interested in learning about Forex. Have zero knowledge about stocks or Forex. Which sites or platform do you recommend to learn from? And which demo account do you think is the best? Thanks!

there are many out there. Just open demo n trade as if its live n feel if u are comftable with the platform. Diff ppl have diff wants n needs.

 

[tradingwithrayner]

Hi bro, interested in learning about Forex. Have zero knowledge about stocks or Forex. Which sites or platform do you recommend to learn from? And which demo account do you think is the best? Thanks!

If it's a demo account, just simply open any one which provides MT4 platform. You can google fxdd, pepperstone as they offer that platform.

To start your learning journey i would suggest Forex Trading Online: Foreign Exchange (FX) Trading | Currency Trading to start the ball rolling.

Good luck!

 

[tradingwithrayner]

 

[shopping4anything]

I invest in a fund that specialises in fx... the return each year is around 20%... so quite good to have someone else to manage it for u

 

[tradingwithrayner]

Looking to sell if price forms a bearish reversal pattern at my green zone.

Looking to sell if price forms a bearish reversal pattern at my green zone.

Break of the inside bar could see Eurusd trade lower to around 1.3700.

Sell stop at 1.3745

Stoploss at 1.3780

Target 1.3700

 

[tradingwithrayner]

Further Nzd weakness?

 

[shopping4anything]

great job... I have been trading forex for about 7 months now... also went through lots of different methods before using price action now and I am seeing progress....

 

[tradingwithrayner]

I had 3 losses this week..

 

[steadybongbibi]

any particular reasons for using 4hrs chart?

 

[tradingwithrayner]

any particular reasons for using 4hrs chart?

I use multiple timeframes actually.

 

[steadybongbibi]

Gd !. ur first losses is totally unnecessary.

I use multiple timeframes actually.

 

[tradingwithrayner]

Gbpnzd repeatedly rejected the 1.9700 area.

Looking to short at market

SL 1.9770

TP 1.9350

Gold closed below it’s key support level at 1270. I anticipate further downside on this pair.

I would need to drill down to the 15 mins chart to look for sell signals.

Oil is at a key area now, just under 104.50

I will be waiting for a bearish price action signal to short.

 

[tradingwithrayner]

Harmonics on Euro!

Potential Bat pattern coming up on Eurcad

Looking to long in the green zone

Stop loss below swing low

Potential Bat pattern coming up on Eurjpy

Looking to long in the green zone

Stop loss below swing low

Eurnzd possible short at resistance area

 

[tradingwithrayner]

Massive Reversal on Euro!

 

[˚Spiff˚]

Thanks! That's what i thought too.

Background about moiself: not rich; dun have huge savings. typical sinkie worker that bring back some income [not earning enough]. Hoping FX may serve as a source of passive income w/o being overly paranoid.

Strategy 1:
Trading @ only 10K Qty per currency pair [very conservative?]. So a SL of 200 pips will only hurt me ~200 dollars [which is the max amount i can afford to lose for a trade], and i can ride the trend for a longer horizon if the pips fluctuate down to say -ve, then possibly up a few days later to + value. Also, i can hold onto the positions for a longer horizon w/o being constantly fearful that i may make tremendous losses.

Strategy 2: Holding 2 Positions on the same currency pair
One Position that settle in a few days and take profit at small gain. [Pips = ~75-80]
Another Position that will be holding for longer week to take advantage of Pips gain.

My intention isn't to profit heavily by 'gambling' on huge quantity. I'm intending to finance these small earnings [75 dollars to few hundreds] to purchase Equities for long term investment.

What do you think of my strategy? Too ambitious? Not enough rewards?
Well, nobody like to lose money. If unfortunately, i lost my 1K cash balances, i will quit FX Trading altogether.

Survive first, then think about making money.

 

[iloveprata]

Hi guys. Been reading this thread since feb this year. My demo account increase gradually from 3k to 5k. Should I start with a live account or should I continue testing our my strategy longer?

Btw how do I open a live account

 

[Knight_Rider]

Hi guys. Been reading this thread since feb this year. My demo account increase gradually from 3k to 5k. Should I start with a live account or should I continue testing our my strategy longer?

Btw how do I open a live account

You can start with a cents account. $500 gives you $50 000 trading money.

Open Cent Lite, Cent or Cent NDD account - Forex4you

You need

I/C
bill with your name and address
credit card
bank account

Yeah I think thats about it.

Oops forex4you not accepting Singapore customer. Try https://www.exness.com/register

 

[iloveprata]

You can start with a cents account. $500 gives you $50 000 trading money.

Open Cent Lite, Cent or Cent NDD account - Forex4you

You need

I/C
bill with your name and address
credit card
bank account

Yeah I think thats about it.

Oops forex4you not accepting Singapore customer. Try https://www.exness.com/register

Thx, I got an account with exness. Gaining some confidence today. Although it's only 6cents that I won. Made a few bad mistakes only.