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 Forex Trading: A Beginner's Guide

Forex Trading: A Beginner's Guide

Forex Trading Advice, Tips, & Rumors

A community to discuss your latest forex trades, tips, rumors, and advice.
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/r/Forex Trading Community

Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
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All About Forex Price Action Trading

Trading Forex doesn't have to be complicated. In fact, it's best to keep things as simple as possible. That's why price action trading was a great fit for me and is becoming more popular every day. This community exists to discuss Forex price action trading to include, price action strategies, key market levels, trade setups or anything else related to price action trading. Feel free to join the conversation!
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Forex to Stocks

I've been trading forex market for a couple of months now and has a deep understanding in technical analysis, i can read price action, identify patterns, etc. and now im trying to diversify my portfolio by day trading in another financial market since even though i scan alot of currency pairs, not everyday has the opportunity to trade. Is there online courses i can take for free like babypips? or any youtube channel you recommend? Are there major differences i could expect from trading another financial market? Any answers would be truly appreciated, Thank you!
submitted by izner82 to pennystocks [link] [comments]

Not sure if commodities are a thing here, but I’ve been following XAUXAG (Gold/Silver Ratio), $SI (Silver Futures), and the USD in FOREX to trade SLV. I’m holding this till early July.

Not sure if commodities are a thing here, but I’ve been following XAUXAG (Gold/Silver Ratio), $SI (Silver Futures), and the USD in FOREX to trade SLV. I’m holding this till early July. submitted by JoeyTomasula to smallstreetbets [link] [comments]

How much money do you need in forex to trade

Hey. My question is, how much money do you need exactly in your metatrader4 account in order to put in more than 1 trade in. So far I have $40 but it only allows me to put in 1 trade at a time, and I put in my trades at 0.01
submitted by eldritchalpha to Forex [link] [comments]

Went from forex to spx futures, its been a cakewalk

I dont know if its just because of these special times, but reading the spx futures is surprisingly easily applying price action ive used in forex. Movements and price structure is clear, tricks are easy to anticpiate. I've probably caught 5-6 100+ point reversals to within 3 points the past couple of weeks (although i didn't hold any through, a bit overleveraged so fear is messing with my head). anyone have the same experience? Are the futures harder to read during "normal" times?
submitted by joomla00 to FuturesTrading [link] [comments]

Turkey Makes use of Its Forex to Tighten Grip on Northern Syria #currency #grip #northern #syria #tighten #turkey

submitted by instadw to u/instadw [link] [comments]

Any 1 any idea on what stocks or forex to buy and sell is at the moment ?

submitted by stevie23r to northernireland [link] [comments]

Basics of trading on Forex to help your strategy a bit

  1. Never trade against the trend if you're not an experience trader
  2. Before you even open a buy or sell, know where you should set your Stop Loss and Take Profit
  3. If you are going to take a trade, make sure to always trade with the trend. If your H1 chart is on an uptrend and your H4 chart is on a downtrend, get out of that trade. Wait for both the H1 chart and H4 chart to be in the same direction trend.
  4. Use smaller time frame to evaluate your entry. When your H1 chart and H4 chart are both trending in the same direction, THEN go to your M5 or M15 chart for your entry.
  5. Trade or test on pairs that dont have a huge spread, stick to the main pairs like EURUSD, USDCAD, USDCHF, etc bigger pairs are generally "easier" to trade, in a sense
  6. If youve had a set of consecutive losses, take a break. Trading with emotion generally results in more losses.
submitted by rawrtherapy to Forex [link] [comments]

easyMarkets to reflect the fact that it had grown from offering trading on forex to trading

submitted by reviewfxbroker855 to u/reviewfxbroker855 [link] [comments]

@AlphaexCapital : Should You Set Yourself Daily Targets In Forex? To read the article and many more, click the link in the bio. #binanceexchange #financefinspire #tradingdesk #tradelifestyle #forexscalper #scalptrader #tradesignals #forexschool #tradingplan #livetrading #f… --https://www.alph…

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

Moving from forex to stock

Hi, I'm moving from forex to stocks due to the fact that forex hasn't made me any money. I want to know what is the first thing I should do to understand it and is there any material resources (free) that i could go to for help. I know quite a lot of technical analysis from my time in forex, I just want to know whether or not that will help.
submitted by moarafat97 to stocks [link] [comments]

Do you talk about forex to non-traders?

Not a question about charts but I’ve made consistent profits on forex. I feel like I can’t talk to anyone except other traders about it though because I always get the “that’s just gambling”. Or “it’s a scam”. Despite the fact that my trade history shows that if I’m indeed gambling I must be very lucky.
How do you all deal with this? Do you just not even talk about it with other people?
submitted by bhouse114 to Forex [link] [comments]

Penny Robot EA : AI Robots for Forex to Financial Freedom

Penny Robot EA : AI Robots for Forex to Financial Freedom submitted by CentCel to u/CentCel [link] [comments]

US national looking to forex to offset exchange AUD/USD rate risk while abroad - missing anything?

I've been offered a job in Australia that is quite compelling to me. But as I'm sure most of you here know, the AUD has been trending downward and faces further potentially sharp declines in the next couple years due to:

  1. Weakening economy and plummeting housing prices potentially forcing a RBA rate cut
  2. Weaker Chinese demand for commodities reducing exports
  3. Potential raise in USD rate by the Fed (seems unlikely at this point but you never know)
  4. General recession sending money into stable currencies like USD (happened during 2008)

I've seen estimates that pose as much as a 25-30% drop from .72 to .5. in the next 1 to 2 years. I'm paid in AUD and don't plan to stay in Australia for a long period of time so this would be a huge drop to my salary.

I used to mess around with forex and TA back in the day, not successfully, of course, but then again, I was day trading and it did give me familiarity with the trading platforms. I was thinking of setting a hedge position via forex to offset some of the currency risk. I have probably 2k I can set aside, and my hypothesis is that the AUD/USD rate will not rise more than 6% from .72 to .76 (probably much lower than that, but still) , so I should set my leverage to be stopped out at that point, and this would give me 8-10k (minus 33% as tax rate) protection should the worst happen and there's a 25% to 30% drop.

I realize that if the currency spiked up (as it spiked down recently) it could wipe out my position and then still go down anyway. Also if were to make 100k for example, then a 5% upward move is just about $400 a month in salary gained, so even if it went up for a while and came back down two months later, I would have lost my 2k position while just increasing my salary by $800.

Is this foolish or very high risk? Am I setting myself up failure? Is there some smarter way I could be approaching this?
submitted by okcrumpet to Forex [link] [comments]

trading from forex to crypto

Hi all, I have been trading forex, have been keeping an eye and heard about bullrun in crypto. After some findings I howver realize that most of the exchange offer only 1:3 leverage, when in Forex I could use 1:500 or even 1:1000. Are there any crypto exchanges to offer at least 1:100 leverage?
submitted by lamcouz to Forex [link] [comments]

Text forex to start learning how to trade with me

Text forex to start learning how to trade with me submitted by Traderlinc to u/Traderlinc [link] [comments]

[Business] - MBA Forex to launches Blue Revolution in Lagos | Vanguard

[Business] - MBA Forex to launches Blue Revolution in Lagos | Vanguard submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - MBA Forex to launches Blue Revolution in Lagos

[Business] - MBA Forex to launches Blue Revolution in Lagos submitted by AutoNewsAdmin to VANGUARDauto [link] [comments]

US national looking to forex to offset exchange AUD/USD rate risk - missing anything?

I've been offered a job in Australia that is quite compelling to me. But as I'm sure most of you here know, the AUD has been trending downward and faces further potentially sharp declines in the next couple years due to:
  1. Weakening economy and plummeting housing prices potentially forcing a RBA rate cut
  2. Weaker Chinese demand for commodities reducing exports
  3. Potential raise in USD rate by the Fed (seems unlikely at this point but you never know)
  4. General recession sending money into stable currencies like USD (happened during 2008)
I've seen estimates that pose as much as a 25-30% drop from .72 to .5. in the next 1 to 2 years. I'm paid in AUD and don't plan to stay in Australia for a long period of time so this would be a huge drop to my salary - or perceived salary anyway.
I used to mess around with forex and TA back in the day, not successfully, of course, but then again, I was day trading and it did give me familiarity with the trading platforms. I was thinking of setting a hedge position via forex to offset some of the currency risk. I have probably 2k I can set aside, and my hypothesis is that the AUD/USD rate will not rise more than 6% from .72 to .76 (probably much lower than that, but still) , so I should set my leverage to be stopped out at that point, and this would give me 8-10k (minus 33% as tax rate) protection should the worst happen and there's a 25% to 30% drop.
I realize that if the currency spiked up (as it spiked down recently) it could wipe out my position and then still go down anyway. Also if were to make 100k AUD, for example, then a 5% upward move is just about 400 USD a month in salary gained, so even if it stayed at that rate for two months and then went back into decline. I would have lost my 2k USD position while just increasing my salary by 800 USD.
Is this foolish or very high risk? Am I setting myself up failure? Is there some smarter way I could be approaching this? I've worked overseas before but never had to look at currency risk cause I got paid in USD.
submitted by okcrumpet to AusFinance [link] [comments]

Day Trading Forex Currencies – How to Use Software and Trade Forex to Your Advantage

Day Trading Forex Currencies – How to Use Software and Trade Forex to Your Advantage submitted by Rufflenator to 3bitcoins [link] [comments]

Day Trading Forex Currencies – How to Use Software and Trade Forex to Your Advantage

Day Trading Forex Currencies – How to Use Software and Trade Forex to Your Advantage submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Day Trading Forex Currencies – How to Use Software and Trade Forex to Your Advantage

Day Trading Forex Currencies – How to Use Software and Trade Forex to Your Advantage submitted by ososru to Bitcoin4free [link] [comments]

switching from forex to penny stocks

been trading forex for the last 2 years. there was ups and downs but overall it was good, winnings outshined the losses. plus it was a great learning experience. Now I'm thinking on switching to stocks mainly penny stocks. any ideas on where and how to start?
edit: I'm looking for learning materials, trading platform suggestions,... and not stocks tips
submitted by Atlas315 to pennystocks [link] [comments]

Proven Forex Trading Strategies That Work (for 2020) - YouTube The Easiest Forex Trading Strategy - YouTube How to Start Trading Forex in 2020 - YouTube FOREX HOW TO TURN $500 INTO $1000 LIVE  FOREX TRADING ... FOREX  WHEN TO ENTER AND EXIT A TRADE  90% ACCURATE ...

Forex: Get Live Forex Rates on The Economic Times. Find latest Forex News and Updates, Live Currency Rates, Currency Convertor and more. Currencies are traded on the Foreign Exchange market, also known as Forex. This is a decentralized market that spans the globe and is considered the largest by trading volume and the most liquid worldwide. Exchange rates fluctuate continuously due to the ever changing market forces of supply and demand. Forex is the foreign exchange market, traded 24 hours a day, 5 days a week by banks, institutions, and individual traders. Learn more about the world’s most traded market with a turnover of $5.1* trillion per day. Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of income. To put it into perspective, the securities market trades about $22.4 billion per day; the forex market... FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.

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Proven Forex Trading Strategies That Work (for 2020) - YouTube

Timestamps: 1. Get into a community of like minded traders: 00:53 2. Adopt a Trading Strategy/Style that fits with your Personality: 04:20 3. Open up a Demo ... Hey guys!! This is one of the easiest ways to trade #forex. In this video, I use support, resistance, and trendlines. I also focus on market structure. This ... Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided... Glad this video helped, no more products for sale no more courses either, study the videos they will teach you everything you need to become a 6 and 7 figure... Glad this video helped, no more products for sale no more courses either, study the videos they will teach you everything you need to become a 6 and 7 figure...

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