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best time to trade us30 in south africa Replied 2 days ago - Here is another example. This is the US30 chart for today, and you can appreciate the burst of activity when US stock exchanges open
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EUR/USD Beginner Level trading Replied 2 days ago - My first trade today was a sell where I targeted a price drop towards the London Fix but the trade ended in a loss. I then saw the upward strength and switched to a buy and netted a profit. I am done for the day.
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USDCHF SETUPS Replied 3 days ago - SELL PROJECTION.
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Trading GBP/USD Replied 4 days ago - okay
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GBPNZD Replied 5 days ago - ON THE 4HRS TIMEFRAME, I AM WAITING FOR THE ASIAN SESSION LIQUIDITY TO BE SWEPT. AFTERWARDS, I WILL WAIT FOR CANDLE REJECTION AND CLOSURE ON 4HR. THEN I CAN GO TO LOWER TIMEFRAME FOR CONFIRMATION.
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Leverage Replied 6 days ago - High leverage has a bad side too, it encourages you to be reckless (i gives you false confidence). It encourages you to pursue losses because even after sustaining a big loss, the broker will still allow you to enter the market again knowing fully well, that if your trade should enter a loss, there will be no extra money left in your account to cover the loss leading to your trade being closed.
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Trading pairs Replied 6 days ago - Another reason why beginners should stick to major fx pairs is because there is more information out there about the factors that move these pairs. Everytime you look at the news it is easy to see news about the USA, United Kingdom, Europe or Japan.
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what is xauusd Replied 6 days ago - Why XAUUSD Is Popular Among Forex Traders 1. High volatility = More trading opportunities Gold moves a lot every day, often $10–50 or more, creating many setups for: Scalpers Day traders Swing traders This volatility is why traders like it — more movement = more chances. 2. Tight spreads (especially during active market hours) Gold usually has tight spreads on good brokers, especially on raw/ECN accounts. This makes it ideal for: Fast entries and exits Scalping strategies High-frequency trading 3. Strong reaction to economic news Gold reacts sharply to: U.S. inflation (CPI) Interest rate decisions (FOMC) Non-Farm Payrolls (NFP) Federal Reserve speeches This makes it great for news traders and volatility traders.
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what is the polish currency, can i trade it in forex? Replied 6 days ago - The currency of Poland is the Polish złoty, written as: Name: Polish Złoty Code: PLN Symbol: zł You’ll often see it quoted in forex as a pair like: USD/PLN (U.S. Dollar vs. Polish Złoty) EUR/PLN (Euro vs. Polish Złoty) you can trade PLN in forex, but it is considered an exotic currency pair, not a major. ✔ Available to trade (with most brokers): USD/PLN EUR/PLN GBP/PLN (on some brokers)
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USDCAD USING SLK Replied 1 week ago - Ohhh, I even forgot that one. Market did its thing today. I’m off the market
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for which forex pairs is eurusd correlation negative? Replied 1 week ago - The strongest negatively correlated currency pair to EUR/USD is USD/CHF. When EUR/USD goes up, USD/CHF often goes down, and vice-versa.
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GBPAUD Replied 1 week ago - I did not set my limit when this trade got to my entry but i will be entering if i get a retracement to that zone.
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XAUUSD USING SLK STRATEGY Replied 1 week ago - I did not set limit for this trade cos i was waiting for confirmation but did not get any.
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how does dxy affect the prices of currency pairs Replied 2 weeks ago - When DXY goes DOWN The U.S. dollar is weakening. Effects: USD pairs often fall (like USD/JPY, USD/CAD) because the dollar is weakening. Non-USD currencies rise vs USD (like EUR/USD, GBP/USD). Example: If DXY drops, GBP/USD usually rises. DXY reflects: Interest rate expectations for the U.S. Market risk sentiment (USD rises when people want safety) Global demand for dollars Because the U.S. dollar is the world’s dominant currency, shifts in DXY ripple through nearly all FX markets.
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Eurnzd Trade Setups and breakdowns Replied 2 weeks ago - Looks bullish to me, but lets see how it goes, I could be wrong.
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which currency pair is most profitable in forex? Replied 3 weeks ago - I guess the relevant question to be asked is "which currency pair is the least volatile" because when a pair is not too volatile, your risk is lower leading to a chance for more winning trades. So I think EUR/USD is the least volatile pair to trade and another good thing with it is that it has the lowest spreads of any currency pair and the liquidity is high since market makers always use eur/usd options to hedge their fx exposure.
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what are options in forex? Replied 3 weeks ago - Forex options are OTC (over-the-counter) derivatives that give the holder the right, not obligation to exchange one currency for another at a pre-defined strike on or before expiry.
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Xauusd or currency pairs? Replied 1 month ago - Please what exactly drives Gold prices?
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My first trade experience Replied 1 month ago - Today was not a normal day, the reversal actually happened during franky but bounced off the pre-franky low and price moved upwards for a good part of London into NY. I got stopped out of my shorts this morning. It is only this evening at the close of NY that price is begining to fall towards the 625 option barrier.
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orokpos trades Replied 1 month ago - The trend for the past week has been fake of Asian high/low. The bearish engulfing pattern was the sell trigger, you did well to hold the trade from edge-to-edge.
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