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Posted

GBPUSD

<img src="https://charts.mql5.com/24/144/gbpusd-h1-egm-securities-limited.png" width="717" height="553" alt="Chart GBPUSD, H1, 2020.04.06 17:39 UTC, EGM Securities Limited, MetaTrader 4, Demo" title="Chart GBPUSD, H1, 2020.04.06 17:39 UTC, EGM Securities Limited, MetaTrader 4, Demo">

GBPUSD is currently rallying around 1.22981. On the 1 Hour Chart , the previous  candle closed below the previous  52 Period Exponential Moving Average. 
 This is a possible Indication that we are in an active Down trend  . GBPUSD is currently in a range, not going above the previous day's highest high 1.24721,or the previous day's lowest low 1.22412. If the price breaks above 1.24721 then we will consider a long term buy with our target at 1.21744.  And on the flipside, a sustained move below 1.24721 will  attract sellers with an ideal target around 1.14087

Posted

As a trader, I always attempt to trade on all options instead of just a few. As that is what helps with increasing the chance when it comes to making profits. And it greatly helps with highly supportive broker in FreshForex, as they have over 130 instruments to pick from to help so much more.

  • 4 weeks later...
Posted
On 5/6/2020 at 11:30 AM, Roberts said:

I try to watch the market thanks to the analysts of Amarkets, where they give their recommendations.

I always read market analysis from Hotforex analyst before I start my trading day, it helps me to shape my overall strategy for the day, choose between risk-off and risk-on directions. 

  • 4 months later...
Posted

You can trade on any pairs, the main thing is to understand that it is better to do this with those pairs that you already have experience with and you can make a profit.

  • 2 years later...
  • 4 months later...
Posted
On 9/11/2022 at 3:43 PM, Vaabum said:

It seems to me that such topics are quite useful. Choosing the right pair for the job is already part of the success.

We must try to understand about the importance of doing correct trades into the markets.

Posted

There are multiple favorite trading pairs in FXOpen, the most traded pair like EURUSD, AUDUSD, AUDCAD in Ticktrader terminal platform possible to get negative spreads, the spread is low and often get zero spread when trading EURUSD.

  • 1 month later...
Posted

There was some early purchasing for non-USD majors, but this rapidly faded as Friday's USD rally reappeared. Of course, USD/JPY was in its own universe; it fluctuated in a range during the session and is just a little net altered as I write.

Posted

Gold or XAUUSD also as good to trade, average movement daily is high, however this pair high volatile and really to understand how to trade because higher volatility consist higher risk too, in FXOpen the spread on gold is low,  this is included my favorite trading pair.

Posted

I believe that the ability to analyze has an important impact in forex trading, where by having the ability to analyze, traders will be able to analyze the market accurately and benefit from it. Therefore, I still regularly learn and sharpen my analyzing skills with FreshForex broker.

Posted

Gold prices yesterday move in the highly volatility, catching profit on gold need to pay attention to the reasonable target, using average true range is one way to measure target profit, gold of XAUUSD in the chart can be traded with scalping trading strategy with low spread on FXOpen, traders possible to make profit from gold only less than a hour when the price in high fluctuation.

Posted

The ability to analyze is indeed influential in our success in forex trading, which is why we need to develop our analytical skills and practice regularly so that we can accurately analyze the market and take advantage of bonuses from FreshForex broker to maximize profits.

  • 3 weeks later...
Posted

For beginners don't trade on exotic pairs like EURTRY or USDTRY, etc. Because exotic pairs were too risky, the pairs charged big spreads, and high volatile, beginners suggested trading on the major pair low spread like EURUSD, and AUDUSD, in FXOpen the spreads start from 0.0 pips, and possible get negative spreads in ECN account using MT4 or TickTrader terminal platform.

  • 10 months later...
Posted
On 3/22/2023 at 4:26 AM, radex78 said:

For beginners don't trade on exotic pairs like EURTRY or USDTRY, etc. Because exotic pairs were too risky, the pairs charged big spreads, and high volatile, beginners suggested trading on the major pair low spread like EURUSD, and AUDUSD, in FXOpen the spreads start from 0.0 pips, and possible get negative spreads in ECN account using MT4 or TickTrader terminal platform.

I am making use of the EURUSD and the GBPUSD pairs as they have allowed me to do my trades with confidence.

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