Which trade to enter when there's more than one opportunity at the same time?
Členem od Jun 14, 2013
130 příspěvků
Dec 14, 2017 at 13:49
I always find it useful to do a Currency Strength Analysis before I look for trade setups. Basically you compare a base currency, i.e. AUD, against the other currencies and then open the charts where the base currency is strongest, and look for trade setups in favor of the base currency. For example right now the AUD is very strong against the NZD and GBP.
Here's a link that will help you quickly find String vs Weak currency pairs:
https://www.oanda.com/forex-trading/analysis/currency-heatmap
Good luck!
Here's a link that will help you quickly find String vs Weak currency pairs:
https://www.oanda.com/forex-trading/analysis/currency-heatmap
Good luck!
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Členem od Mar 17, 2021
536 příspěvků
Sep 04, 2021 at 08:19
JacoAF posted:Thank you for sharing.
I always find it useful to do a Currency Strength Analysis before I look for trade setups. Basically you compare a base currency, i.e. AUD, against the other currencies and then open the charts where the base currency is strongest, and look for trade setups in favor of the base currency. For example right now the AUD is very strong against the NZD and GBP.
Here's a link that will help you quickly find String vs Weak currency pairs:
https://www.oanda.com/forex-trading/analysis/currency-heatmap
Good luck!
Členem od Mar 28, 2021
617 příspěvků
Sep 06, 2021 at 09:57
You or shouldn't take all the trading opportunities at the same time. You have to take decision which one to enter..By entering too many trades, you are risking more money.
Členem od Sep 22, 2018
70 příspěvků
Sep 06, 2021 at 19:54
mcsuperb posted:
Hi Trader,
Just wondering how you decide which trade to enter when there are several opportunities?
Do you check the correlation and pick the one with the strongest trend?
Do you use correlation at all to make sure not to trade two highly correlated pairs at the same time?[/quote
Get a trading plan
Členem od Sep 29, 2021
20 příspěvků
Sep 29, 2021 at 09:39
I think that according to me compare to mt5 and mt4 is not hard and easy to use for any kinds of trader even beginners. what do you think about ?
KAWASAKI -> Let the good time roll
Členem od Jul 19, 2020
751 příspěvků
Oct 03, 2021 at 12:22
You strategy and trading plans will tell you which trade you should take. There should be a risk percentage. We can't go above that. Enter one that's is more promising.
Členem od Jul 23, 2020
759 příspěvků
Nov 09, 2021 at 12:06
Take both or go with which one gives you the most profit.
Členem od Jul 23, 2020
869 příspěvků
Nov 11, 2021 at 11:40
If you are confident take both. If don’t, just go with whichever you are confident more.
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