Jan 16 at 11:17
mitchelstrack posted:Adamgylicrist posted:Rassellkarl posted:Michihito posted:
Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.
Yes, every pair is different and has some characteristics since they’re made up of two currencies that have different values. If the traders are able to understand the bid and ask, that’s good for them.
Yeah well, they should understand the bid and ask since they’re trading forex. That’s like the abc of trading. Can't go further without knowing that.
Every pair has a different chart and pattern and there are so many factors that influence the prices of a pair. The interest rates, economy, news, GDP, etc all add up to making the value of a pair. Not an easy thing to analyse them and it takes some time and understanding. I was researching some exotic pairs, anyone here trades them?
Yeah, I’ve tried my hand on one of the exotic pairs (GBPSGD). The price fluctuations were good but then it’s a very high risk. Went back to trading major ones. You can probably test some exotic pairs before going live.
Jan 16 at 17:38
Michihito posted:
Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.
True. Mastering one or two pairs is enough to be successful in trading.
Jan 18 at 03:56
UweMoench posted:
Indicators are useful but not the whole thing. Only charts are also very important. There is much more thing than indicator. It is the mind. Sometimes you just know it's going to work. With time you get an understanding of trading. That understanding is beyond everything.
Indicators are useful to only those who know to use them, you need to identify the correct combination of various indicators, using all of them together makes no difference at all but only causes confusion.
The more your practice, the more you learn.
Jan 18 at 13:07
Adamgylicrist posted:mitchelstrack posted:Adamgylicrist posted:Rassellkarl posted:Michihito posted:
Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.
Yes, every pair is different and has some characteristics since they’re made up of two currencies that have different values. If the traders are able to understand the bid and ask, that’s good for them.
Yeah well, they should understand the bid and ask since they’re trading forex. That’s like the abc of trading. Can't go further without knowing that.
Every pair has a different chart and pattern and there are so many factors that influence the prices of a pair. The interest rates, economy, news, GDP, etc all add up to making the value of a pair. Not an easy thing to analyse them and it takes some time and understanding. I was researching some exotic pairs, anyone here trades them?
Yeah, I’ve tried my hand on one of the exotic pairs (GBPSGD). The price fluctuations were good but then it’s a very high risk. Went back to trading major ones. You can probably test some exotic pairs before going live.
That’s the trick and not every trader can rightfully understand the price movements with pairs. Not that they can’t make predictions but it has more to do with the market and international events have some influence. Anyway, I think CHF is a pretty safe currency to trade these days, it appreciates well. AUDUSD, NZDUSD, GBP/USD are the top most pairs on my list. Been trading these for some time with a few low spread brokers. Pepperstone, Fxview, Oanda have some variety of pairs, and prices are also decent.
Jan 18 at 16:04
If you don't like it or aren't interested, then choose something else. There's no room for criticism, but it's definitely worth pursuing.
Jan 18 at 16:18
An indicator is a tool for analysis.
There are a huge number of different indicators - some of them may be useful to you, others may not. You test it and choose the ones you need. Everything is simple and not simple at the same time.
There are a huge number of different indicators - some of them may be useful to you, others may not. You test it and choose the ones you need. Everything is simple and not simple at the same time.
Jan 18 at 17:04
Indicators are total bs...if there were an indicator that works, would it be shared among community.
Jan 22 at 09:39
But almost all strategies are based on indicators and working with levels.
That's because it is effective.
And it can really bring money and stability.
That's because it is effective.
And it can really bring money and stability.
Jan 26 at 21:03
Indicators are fine and needed but overdosing with them is not fine. The more clear is the chart the better.
momchil_slavov@
Jan 27 at 11:21
There are a variety of indicators present, first you need to understand about the indicator which is useful to you. Combine the indicator which you need and then make a strong strategy, using all indicators at once makes no sense at all.
