Chloe, Asad has mentioned a few good points, I may add a few points to that from my own experience, whichever trade you want to enter, before trading understand the WHY. First of all you will get the confidence and 2nd you will know where to place your stops and exit points. Other point try to go for higher reward/risk ratio. 3rd sometimes when a trade is going well let it run and push your stop to the entry level or +ve territory to give you a risk free trade. Good luck
FXHandler, Yes I agree, I will go long NOK and AUD some day too but against USD. For me right now it is too risky as I tend not to take much risk when things are a little bit uncertain for me. Good luck
Hey guys, please stop making comments like this. This is a very SERIOUS forum where we all may post our opinions on FX and not offending others and telling them how bad they are are doing. If someone is wrong then he will lose there is no need to pointing at him. So please keep it serious and just share your thoughts. And remember in this market we need both sides, the bears and the bulls. It wouldn't be a market if we had only one side, ha?
Yes I agree with spec. We have now a very solid economy now with ONLY 10% unemployment, a very small debt, mostly borrowed from the chinese, and may be the US will borrow even more to pay the interest, foreclosures are at record high but who cares about the small man, the cash for clunkers program was a great success why not extend it to the real estate? "Cash for your shelter" .... and the list goes on. Great .... isn't it?
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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Asad has mentioned a few good points, I may add a few points to that from my own experience, whichever trade you want to enter, before trading understand the WHY. First of all you will get the confidence and 2nd you will know where to place your stops and exit points. Other point try to go for higher reward/risk ratio. 3rd sometimes when a trade is going well let it run and push your stop to the entry level or +ve territory to give you a risk free trade.
Good luck
I recommend you to use Stock Twits Desktop for posting your positions entries. Most people post under the Forex section and it's fun too
Yes I agree, I will go long NOK and AUD some day too but against USD. For me right now it is too risky as I tend not to take much risk when things are a little bit uncertain for me. Good luck
I think you meant going long JPY when equities go down! Which pairs do u trade most?
0.01$ move in oil = 1$ at cmc markets