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I’ve been learning forex for about 2 months, at the moment I’m practising trading pullbacks with Fibonacci and candle stick patterns, this set up shows a pullback to the 50% retracement level with lines up with previous resistance now acting as support.
New to forex , why did EURUSD and GBPUSD jump up so bad ? Plus are my support and resistant levels in a good place? Do the market’s regularly jump Obove and below support and resistant levels (1hr chart)
I have just started learning about trading in forex market and it would be great if someone with experience could help me to come up with a trading plan
I just finished reading Currency Trading for Dummies and I now have some very basic idea of trading however I understand that I’m only starting and I’m going to stick with demo account for now. Now I want to start working on my trading plan and as I have learned there is no easy formula to make a trading plan however I think someone with experience could explain to me some flaws of my trading plan if there are any. For now I only have a very basic trading plan. I have decided to trade in 1h and 4h charts. First, I will look at a general trend because as I learned in the book it is better to not trade against trend and then look at resistance and support in daily charts. Then I will look at where prices are likely to break resistance or support and there I am going to enter the market. I plan to close my positions at some key resistance or support levels or when I learn how to use it maybe I will also use Fibonacci retracement. Hoping to hear andvice from someone who is familiar with such type of trading Thanks!
What can I do to become a better forex trader. I’m coming up on a year in a couple of months. I feel great about everything. But where should I turn to become a better trader? What can I read? Please leave a comment.
#NZDUSD #TechnicalAnalysis ~~ This counter currently trying to form a #wedgeformation. ~~ Now, it has formed an #ascendingtriangle with in that & broken to move up further. ~~ Hence, we expect that it will be bullish upto the resistance line. https://traderpulse.com/forex-analysis-app/#pricing
e-Forex Magazine | Machine learning stirs up competition in FX Algo Trading
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e-Forex Magazine | Machine learning stirs up competition in FX Algo TradingIvy Schmerken Though capital markets firms have been adopting artificial intelligence and machine learning to train algorithms for equity trading, recently this trend has expanded to foreign exchange. Ivy Schmerken, Editorial Director at Flextrade Systems, has written widely about this topic and we asked her to revisit it for e-Forex. By crunching vast quantities of data by computer, machine learning algorithms can identify hidden patterns in past data and learn to forecast stock market returns or FX currency pairs. Large banks have been investing millions into advanced technologies such as AI and machine learning to capture a bigger share of the algo trading market. JP Morgan developed a new algorithm dubbed DNA – or Deep Neural Network for Algo Execution to merge what a multitude of algos do into a single strategy, allowing the framework to decide how a client’s order should be executed, reported Reuters ..... Continue reading at: https://www.e-forex.net/articles/aug-2020-machine-learning-stirs-up-competition-in-fx-algo-trading.html
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Hence, if you overlay the trading volatility in a forex market hours chart, you can see that it spikes up when trading begins in the financial center located next in the time zone. And so Overlapping hours of the London trading session and the New York trading session is the best time to trade forex, since the market is most active. Forex auction results for 22 of September 2020 are in and the Zim dollar has continued it’s “upward” trend. The weighted average this week has made a small improvement from ZWL$81.7076 last ... Forex-up.com portal is an excellent possibility to get to know objective appraisal of the benefits of the best brokers previously chosen by traders in the different parts of the world. The rating is compiled based on real reviews on pros and cons of working with different companies. Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or ... Forex — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! Forex — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! ... EURJPY little down a lot up just hang back and lets see how this one pans out this week 2. 1. CHF/JPY 🇨🇭 🇯🇵 to bounce from the 0.0 fib level ...
Quick video on how to setup a Forex.com Demo account. This is my trading journey... or shall I say personal growth journey. I think personal growth is overlooked in the forex space - with a lot of the emphasis o... 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... Have questions, please comment on this video and we will answer them! Join BK Forex Academy: https://bit.ly/2HY2qeN Daily Coaching, Tips, & Trade Ideas - Bri... In this video Jay Wayne will show you The Easiest FOREX Trade Setup-2020 .....