Concerns over the exceptionally high volume in FOREX markets
Has anyone else noticed the insane volume levels that have been recorded on the commodities and major exchanges? Over the last 7 months volumes have jumped from 15-20k average to 400-500k average globally.
How to be profitable in Forex: High-probability trading.
Hello guys, I see a lot of posts here either of new traders or non-profitable traders. Some people here even believe trading is gambling and it is impossible to be constantly profitable. I have been trading forex for a few years now and I have fallen into every trap you could imagine: Overtrading, too many indicators, no backtesting, anger trades, etc.. burned a few accounts and finally managed to be constantly profitable on a large period of time. That is why I decided to make a very quick guide on how I think everyone can achieve profitability. High-probability trading is a very simple concept: Only take trades when stars align. I'd recommend focusing on a very few setups that have proven to be profitable, and to not trade if the setup isn't perfect. If you think there is a slight chance you could lose a trade, then do not take it. The most important rule is to have 100% confidence in your trades, so you are not disappointed when you lose one because you know you followed your guidances. I am a full-time trader. I mostly look at the 5-minutes, 15-minutes, and 1-hour charts, and I watch all major currency pairs 10 hours a day. You'd assume I take a lot of trades because so many setups form each day, well I do not. I take 2 to 3 trades a week for a duration of 1 to 4 hours per trade. But because these trades are more likely to be profitable, I have a good monthly return. Now we all have our own strategy and I'm not here to review yours. Just think of how you could make your strategy a high-probability one. If you take a trade at each trading session and you have less than 65% of winning rate, then you can certainly improve your guidances. Here are the two most important rules you must follow: - Always trade with the trend on all your timeframes, and at least a higher one. If I take a trade on the 5-minutes, 15-minutes and 1-hour charts, I want to make sure I'm with the 5-minutes, 15-minutes, 1-hour and 4-hour trends. A 200-periods exponential moving average on each timeframe should do the trick to ensure that. - Confluence. This is for me the most profitable rule of trading. Confluence is when you have two or more levels coming together and therefore making a confluence point. For example, if you are trading the retest of a bullish trendline on the 1-hour chart, a confluence point could be where the price: retests the 1-hour bull trendline, breaks the 15-minutes bear trendline, retests the 1-hour 50-period EMA, breaks the 15-minutes 50-period EMA with a bullish marubozu candlestick, with an RSI bullish divergence at an oversold level, and a retest of a support. Now this would be a crazy setup, but even when a few stars align in a confluence point the trade is high-probability. Thank you for reading.
Is there any other better alternative to Coinbase for buying and sending bitcoin to a broker account?
I am a trader and I don't like Coinbase. I use it because I haven't found any other platform that allows me to buy and send coinbase using digital USD. I want a simple platform where I can send BTC to a broker account to trade forex high leverage. Please don't recommend Cash App. I got banned on the platform for an unknown reason.
Got an offer from a Forex account manager, highly sceptical about this whole thing
So I'm 19 and a university student, I got a DM from this "account manager" from Forex, who went into a long spiel about the merits of trading, and so on. From what I've read in this sub, around 90% of people who trade their money through Forex lose more money than they invest. The only way to be part of the successful 10% is to basically study how the stock market works, which takes months (if not years) to get the hang of. What do you guys think? Is my judgement accurate?
I jumped into a demo thinking it was going to be just like stocks, but I didn’t realized that pair positions were fixed meaning USD is sometimes on the left and sometimes on the right. This threw me way off. So if I’m buying USD/JPY, am I buying JPY or USD? I thought I was buying USD so I convinced myself that I would BUY high and sell low in this instance.
[FOREX] Now that the RUB is high, should I invest them in the EUR/RUB?
Hey guys. I am new to trading, and one thing that fascinates me the most is how Currencies fluctuate easily depending on the current situation of each country, diplomacy between each country, etc. Right now, Byelorrusia is the most spoken country in the news, and with Russia supporting the elected Lukashenko, the Russian Ruble went up as the Western Countries are against Lukashenko. What was normally 70-80 Rubles, now is at 89 Rubles. But, with the ease of tensions and with the possible Success of the Russian Vaccine against the Coronavirus, the Russian Ruble will certainly gain value. With this information, is it worthy to invest in the EURUB Forex? What is your opinion? EDIT: The Title should be: Now that the RUB is high, should I invest in the EURUB? Don't know why I put the them in there :P
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High Frequency Trading Firms Have 'Highest Bitcoin Affinity', Analyst Argues /latest/2019/02/high-frequency-trading-firms-have-highest-bitcoin-affinity-analyst-argues/ Su Zhu, the co-founder of Sensus Markets, a digital asset principal trading firm, has argued that companies focused on high-frequency trading (HFT), small family investment offices, and hedge funds have the “highest Bitcoin affinity.” Zhu, who is also the CEO of Three Arrows Capital, a foreign exchange (FX) focused hedge fund, posted (via Twitter) a “ranking of Bitcoin affinity in the traditional financial space, from highest to lowest:” “HFT/prop firms”,“Service providers”,“Family offices”,“Hedge funds”,“Stock/futures exchanges”,“Private banks”,“Commercial banks”,“Investment banks”,“Academia.”The Role Of "Incentives And Philosophy" According to Zhu, “incentives and philosophy play a big role” in influencing the decisions and overall approach organizations take towards adopting new technologies - including Bitco..... Continue reading at: https://www.cryptoglobe.com/latest/2019/02/high-frequency-trading-firms-have-highest-bitcoin-affinity-analyst-argues/
FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. The daily high low Forex trading strategy is based on a simple concept: if price breaks yesterday’s high or low, it will most likely continue in that direction of breakout.. That is the common belief but the truth is, it depends. If you are trading a breakout of a candlestick that is larger than many that came before it, you may actually be taking a trade but get caught in the mean reverting ... During the reporting week, the forex kitty rose mainly due to an increase in foreign currency assets (FCA), a major component of the overall reserves. The country’s foreign exchange reserves increased by $3.378 billion to touch a life-time high of $545.038 billion in the week ended September 18, the Reserve Bank of India (RBI) data showed. A forex high The recent sharp spike in India’s foreign exchange reserves is a result of recessionary conditions and the rush of speculative investors into Indian equity and debt markets and must not be used to divert attention from the economic crisis. FOREX-Dollar near 2-month high as economic recovery risks loom Traders have noted there has been a particularly strong correlation between the U.S. real yield and the dollar over the last few months. Data on U.S. currency futures positions released on Friday also pointed to more upside potential in the dollar's recovery, with speculators ...
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