euro

It will all depends on the type of traders you are. I use all of them to gain a vast knowledge on current and past market condition. I will want to see how it has been performing. I also use news to understand price movement. Now I do scalp too so I use h1, m1, and then all else. I enjoy looking at m1 but I think h1 is the best and give me the best picture of how the market is trending.

I don't have a daily pips target since the market is so unpredictable, I can only have profit as a goal. As long as I make money, I will keep at it. Forex is a profitable business but it does come with risks too so I think we can all make some bucks daily. That is good enough for me. As long as I make money I will not complain about it. I do not think I will reach my desired target pips though.

Its totally is possible to trade and make money daily with the market always in demand. I don't see why not if you are equipped with full knowledge and experiences. There is a demand for currency all the time so there is always opp for you to make money daily. I make money daily so its feasible for everyone else too. Now, its something for the knowledgeable and experiences and not for gamblers.

News is for scalper only and its not for long term trader. Its scary in long term trading since it will cause a lot of losses if you're too uncertain but for short term two minutes scalping then its ok. Long term trading can be more consistent and if you're a day trader or full time trader then longer term offer better results. I do see long term as more profitable and more sure for me. I entered the market at the lowest price so the price couldn't hit any lower right. So, I will only wait for it to rise higher and then take profit so I win in that kind of games.

Well, if you have enough equity, it will rise again if it falls. Since its so volatile, a downward movement is not necessarily down forever, and it will come back up so if you wait out like an hour it will go back up and you must use stop loss so I guess if you're scalping then it carries much higher risk. But I do long term trading and its better to do that since it carries less risk and you can predict the market so much more. Buy right before it moves upward then you hit the lottery.

Yes forex is a great online business. Anyone can get involve and make money. Anyone can get into it with some basic knowledge. forex is way too easy for the educated with some prior experiences. Its one of the best online business according to me since you can control how much you earn and whether you earn at all so its a very profitable business if you're a guru about it so don't hesitate to always yearn to learn more as knowledge equal profit in forex.

I don't see it as a mystery. Its very easy to make money as soon as you learn all that you need to learn and read pro articles on tips on how to make money then you should be ok. You only see it as a mystery if you lack knowledge, and this is the top reason why many newbie loses. If you're not a newbie, you will not lose cause you have knowledge and experiences and those two are the basic essential or the clothing of an unclothed trader. You will need to wear them for appropriate presentation of yourself. Yes, you will be in the dark if you lack knowledge.

I just sign up with panforex, thanks for the intro of it here. It accepts US traders. The other ones do not accept US traders. I think that bonuses are awesome and there are many brokers who offers it. I think that is the best way to lure in traders. I usually go with the ones that offer bonuses. The more the better. You can keep them that way. Also some good ones are fbs, instaforex, rvdmarket, mt5, roboforex, mayzus, fxfred just to name a few large ones.

I think a trusted broker is ideal and fast withdrawal and deposit is also ideal. I think you should stay away from high snipping cause that is how they cheat you and rip you off. They should also have advance trading platform and also have good reviews and have experiences and have been in business for many years. New broker do not know what they're doing or lack funding so bad service with them as well.

If I enter at a very low price on a late Sunday and then keep it until Monday 3pm, I can sell it off for some considerable profit. This is my strategy. What do you think about that? I mean I'm able to buy on the weekend at a much lower price like 90 pips below trend price cause usually by 3pm on Monday, the price as I have observed would have gotten up 90 pips more and then I can sell it off at 2 or 3 pm and reap 90 pips profit. What do you think about this long term strategy? Do you do something like this? Or I can also buy low on early Monday morning right before business market time and then sell it at the end of the day at 2pm. I've seen such rise during those time.

Its good to do long term trading or at least for 8 hours since the trend will rise at the end of the day so you will gain some profit. Scalping is also ideal since there are may opp for scalping and some trends last like half an hour so there are opp to enter and exit with making as much as 90 pips so scalping works but they do carry large risks. I think long term trading is ideal since there are more opp for profit and lesser risks definitely. If you enter really low on Sunday and then sell at the end of Monday business hours, you will reap some profit but prices do fall back to Sunday again so beware of that.

Friday is still is a weekday, business day so some opp to make profit as well. However, the beginning of the week is better since you can enter at a low price and then exit at a higher price at the end of the week or midweek for example. I've observed that prices risen by midweek like a Weds or Thursday so if you had a previous open trade you can sell it on a Friday, most ideal but I prefer Monday to buy low instead or scalping. Friday is ok but not best day to trade.

I think scalping is for the experienced trader but hey if you are new you can also scalp since a good upward trend is easy to scalp, just enter and then exit when it matures and set stop loss, and if a trend is heading upward good, they're not going down for another ten or half an hour so you can make money in that situation. So, its risky but its possible for newbie to scalp as well. I made like 90 pips from scalping so it does work for me but I think I also made in long term trade but about the same pips. I also like long term trade a lot. I think its a sound strategy with less risks.

Just watch the market and then develop a system for yourself that will help you earn. Strategies should work and should be tested in a demo. Long term trading can lead to more profit than short term trading. I have seen more profits in long term and less risk than short term scalping short of deal. You also get to profit from bullish waves so just do long term. Enter at the lowest price and then wait for it to mature and then sell. I can see this as very easy to do. I can go in like 8am on a Monday and buy a currency and then it will rise a lot by 2pm so I can make some profit by then since it will rise due to popular demand during the noon business hours.

Choose low number of leverage at first as a newbie to avoid large losses. Its recommended that you use low leverage so you don't waste a lot of money cause you will lose as a new trader. Once you gain more, you can use more leverage. Its risky since you can face margin call and lose all of your deposit so I would go easy on it and also trade at the most profitable trends so you don't lose it.

I'm a baby lion. I'm strong and confident but a baby still and have so much more to learn and absorb so I do't want to classify myself as a Lion just yet. Although that will be ideal for me in a couple of yeas. I woudl like to be a real Lion trader. I think the more strength and confident you have in yourself, the bigger the animal inside of you. You have to be strong and confident in every trading decisions you make and know how to turn it around.

You can use it as long as you need to cause they all have expiration date but you can always open another one with another broker for more practice. Even as a real trader, I still use it to test out some of my strategies cause losing with fake money is a huge bonus. I do not want to lose with real money. I also believe that a trader will be so much more successful if they have a lot of experiences and know how to trade well.

Well, fundamentals is what drives the market but at the time that you trade, its not what you think it is what is on the chart that you should follow since the market has influences with fundamentals but no one will know for sure how it will move so trade accordingly. I look at the technical only when I trade at the mean time but I also keep fundamental as my decisions to guide me in picking pairs and market and I do know both of those in order to be more successful. Fundamental would tell you that euro will rises against most other currencies or usd will also rises and yen might fall so things like that will help you a lot in trading.

Traders lose cause they lack knowledge, are new and lack experiences and do not have a firm grasp on the finance world. Once you have knowledge, develop experiences and have a strong understanding of fundamentals, you're better at trading and will make more money. That is just how it is unless you lack willpower and gamble with your trades and trade blindly like a gambler and trade in a bad environment. You will need to be a very skillful and experienced trader in order to not lose money. The more you know the more you earn.

Good post indeed. We should skip trades that is no good or have low probability of success or else we will be waiting too long and losing too much for a profit. If it looks really good then go ahead and buy it. For example if a trend is going upward and have a strong swing upward for another 50 pips then go ahead and buy it since it is heading no where but up. I only trade when there is a real solid earning potential and will not do anything beside that. I think most make mistakes when they blindly trade any trade just to trade.

There are many forums out there that will give you free money to trade like Mayzus, fxfred, mt5, roboforex, instaforex, fbs, and more. You can post on their forums and then get forum posting bonuses. There are bonuses opportunities there for everyone outside of the US. Most of these corps do not accept US users though. You can make as much as you want to trade with so great opp for newbie.

My suggestion for newbie would be to learn as much as you can and go to places like babypips. come or dailyfx.com or youtube to watch plenty of videos on there. One video that you watch is equal to like ten articles so you can learn a lot on there as well. Once you have learn all the required fundamentals and technical try reading forum as well for further stories on scams and more knowledge from real trader and then move on a demo. Most brokers have free demo with fake money for you to practice, better to lose with fake money then real money. Try to do that for several months and then move on to a cent or mini account to practice in a real live environment.

Yes, its easy to make money in forex. Anyone can do it. If you can learn to trade you can make money in as little as five minutes, and that is the power in forex. If you can make a hundred bucks in ten minutes, that is a great side gig. I could and have made that much in a short ten minutes so I think anyone else can do it too. Forex is the cash cow. We must learn and then earn. Forex come with high risks so keep that in mind and minimize all of your risks at all cost.

Yes, anyone can make profit in forex. We have the same opp to make money as those big man and corps so we should jump and in and make some side money. If you get a chance to make money then why not. I love forex and think I can make money at any time so I will be dedicating a lot of time for it. Why not? More money is good for all of us and more so for those who do not have jobs they can make a full time earning on here.

Yes, you need a good mind and good knowledge, experiences and skills in order to do well in the forex market. Without such thing, its hard to earn profit in forex. forex requires you to be skillful in your analysis. A man get wealthy in forex if his mind is wealthy in knowledge too. Its not hard to earn but you develop sound strategies in order to earn.