*Official* Forex Trading thread.

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Daimon

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Mr.Canberra said:
BOJ wants a weaker Yen not a stronger Yen to reach 2% inflation target rate. By tightening BOJ plans will be backfired.

BOJ has to thank Trump big time without doing anything as they do not have to furthur cut interest rates to weaken the Yen.

BREAKING NEWS: Russia ambassador shot in the back in Turkey. Condition unknown.
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Holidays coming...... What do these paid salary man wants? Chaos? Hahaha
 
Mr.Canberra

Mr.Canberra

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USD/JPY

treeskull said:
Wah so fast
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USD/JPY price movement is very fast and furious and it is one of the most liquid currency pair.

Last time I do not dare to touch USD/JPY but it has since become my favourite currency pair to trade. :D
 
treeskull

treeskull

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Mr.Canberra

Mr.Canberra

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US TSYS: Treasuries see more short-covering and safe-haven buying, 10-year note is at 2.536% amid concern on the Berlin truck crash that has injured 50, killed two.
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Death toll raised to nine people so far.
 
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neanea

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What is your trading rule?


Mr.Canberra said:
USD/JPY price movement is very fast and furious and it is one of the most liquid currency pair.

Last time I do not dare to touch USD/JPY but it has since become my favourite currency pair to trade. :D
Click to expand...
 
awful999

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neanea said:
What is your trading rule?
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Mr.Canberra wrote:
Scoop for cai png or 2 Star Michelin food all are also welcome for "horse race".

TRICKS OF THE TRADE
1) Work out a strategy that suits your trading style.
2) Capital preservation. In this game the winners are marathon runners not sprinters.
3) Before each trading day read up financial news and upcoming economical data release timeline first.
4) Have a healthy margin level. In case flash crash happens.
5) Trade currency pairs with tighter spreads and high liquidity.
6) Risk to reward ratio. If instinct tells you it is a bad deal. Walk away. Plenty of opportunities going forward.

There are too many factors to list here. One will learn as you go along. Eg. AUD, NZD, CAD are correlated to commodities prices.

RISK MANAGEMENT
Low risk appetite: Place stop loss at 10 pips.
Medium risk appetite: Place stop loss at 20-30 pips.
High to extreme risk appetite: Place stop loss from 50 pips to no stop loss.
 
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