*Official* Forex Trading thread.

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Clock

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awful999 said:
By right, should look at all big timeframe to look at overall direction, then short timeframe to enter/exit, but but sometimes hand itchy like to try the other way which is bad habit..:s13:
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i get this time to time. need to kick this habit and set to robotic emotions.

Mr.Canberra said:
TA analysis may also go haywire when some breaking/shocking news announced suddenly.
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thanks!
 
awful999

awful999

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Clock said:
i get this time to time. need to kick this habit and set to robotic emotions.



thanks!
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yes, sometimes saw the trend change in short time frame with trigger signal, really hard to control the emotion..very bad, will try hard to avoid this
 
neoartz

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Wah this thread move so fast already ah! :s13: Just closed all my WTI long haha. kio abit.

Nice USD/JPY Broke 116 and then pullback abit :s13: Lai ah!
 
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kannis_ng

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Markets r rigged by trump

He call all his billionaire ferns to pump

The dollar n stocks up

While pumping up ... he buy gold n more gold

U know the rest
 
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meltan1990

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Quote:
*Official* Forex Trading thread.

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.


Agree much with the above...

7) note about trading psychology too...alot of people focus on TA but neglect emotions
 
Average

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Daimon said:
How is the spread?????
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not bad but quite volatile spread.

can see usdjpy, cmc better spread but for WTI oanda is better now. oanda WTI spread can widen to 4.5pips sometimes though.

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Sent from 穷小子 using GAGT
 
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