Posts de Janeo | Myfxbook

USDCAD dans Traders Expérimentés Dec 06, 2016 at 13:38

The Loonie kept on back- pedaling following the surge in oil prices due to OPEC production cut. Black gold kept on driving the currency pair since the previous week. On technical ground ,break above 1.3330 would lead to next resistance which is at 1.3405 while the immediate support level can be seen at 1.3249 whereas major support is at 1.3115.

GBP/USD daily outlook dans Traders Expérimentés Dec 06, 2016 at 13:38

Pound continues to drive higher taking advantage of Italy referendum, softer tone against Brexit, volatility in the USD and stronger U.K data. Technically as well we expect more upside potential. The pair is cling to the range of 1.25-1.27. We expect the pair to trade higher taking resistance at 1.28, after that it may fade away whereas next resistance can be found at 1.2877. A break below 1.27 level might raise some selling pressure and taking immediate support at 1.25 whereas its major support level is found at 1.23.

USDCAD dans Traders Expérimentés Dec 04, 2016 at 09:09

The production cut have given extra leg to Canadian Dollar but the pair has failed to cheer up the oil rally due to strengthened Dollar. Technically, a break above 1.3329 would lead the pair to high 1.3450 while the immediate support level can be seen at 1.325 whereas major support is at 1.3115.

How to keep organized trading forex? dans Nouveaux traders Dec 04, 2016 at 09:09

To keep your Forex trading organized, you must CONFIDENT enough for your trading strategy. And that strategy should be formed technical as well as fundamentals Always stay aware about the fundamentals. If you are a day trader you will be obviously in touch and will know how those events takes it around. You should also have your own dashboard where you will have separate chart windows for the major instruments you trade in. The match should be made on the basis of the correlation of one currency to other so that you can take advantage out of it.Statistical traders should keep their spreadshe...

GBP/USD daily outlook dans Traders Expérimentés Dec 04, 2016 at 09:07

GBPUSD continues to trade above its technical level of 1.25. Technically, we expect the pair to trade higher with is resistance at 1.2730, till the time is sustaining above 1.25 level. A break below this level might raise some selling pressure and taking immediate support at 1.25 whereas its major support level is found at 1.23.

How about "Live" trading? dans Nouveaux traders Nov 02, 2016 at 14:36

I am also a newbie to trading and I think getting live performance of experienced traders would help. We will learn something out of their experiences wither good/bad. Being a beginner it can help me in learning which indicators to use and if market reacted in favor/against me, what should be my decision looking at the performance of experienced traders.

Robotic Trading VS Manual Trading dans Nouveaux traders Oct 28, 2016 at 16:54

Robotic and manual trading both has their own significance. Robotic trading is always disciplined and without any emotions. A robot is never tired and he can look into bunch of currencies at single point of time but where a robot lacks is he can't react based on change in fundamentals unexpectedly. Moreover a robot doesn't have brain. Input provided by you would be the only way of its functioning. So put your brain to form a robot, to get benefit of speedy execution.

How can I obtain my MT4 Investor Password from my Broker? dans Général Oct 19, 2016 at 13:37

To change your MT4 password , select investor password first then you need to enter your new password in both fields and click OK. You can see notification for the password change in Journal tab. Now you can login with new password. Here is the screenshot for the tab where you can change the password

How to build a good trading strategy? dans Général Oct 17, 2016 at 15:25

A good strategy is combination of fundamental and technical analysis designed based on your own trading experience . Place your trade based on knowledge of each and every aspect. Stay confident, disciplined, patient, optimistic but keep only realistic expectations. Keep on practicing, refine your trading skills by learning from your mistakes.

What do you wish to achieve through forex? dans Nouveaux traders Oct 17, 2016 at 15:24

Everyone trades just to make money to fulfill their wishes. But money can be earned only and only if you have knowledge. Trading is more of work with intelligence than hard work. Hard work is required while gathering knowledge for different economies. Refine your trading skills and patience by working on Demo account before you switch to Live account. Invest with realistic expectations, you can't be rich in just one day.

hedge forex positions with no loss dans Général Oct 13, 2016 at 11:45

If you want to hedge your position in currencies. One way to hedge is Triangular arbitrage in currencies only. But that would be like sailing in the same boat. So it would be better if you hedge your position by investing in Stocks and Indices to protect yourself.

Opening a New Real Account: Best Broker to Choose dans Nouveaux traders Oct 07, 2016 at 10:39

Being a beginner, FinPro Trading(ECN Broker) will be a good option to start. Check with their conditions and platforms once. They are providing 100% Bonus on Initial deposit and charge $2/100k round turn commission which will reduce your cost of trading.

Low leverage is dangerous, why? dans Traders Expérimentés Sep 28, 2016 at 12:09

Low leverage is dangerous but advantageous as well. If it adds to profits , it adds to losses as well. You need money to make money. Leverage is like adding additional money to your account which let you trade more. Leverage gives big profit with small investment .Also leverage and profits are nowhere related. Higher the leverage ,lower will be the margin required to place a trade. So if leverage will be low, the margin requirement would be high and more money would be at stake.

What indicator you use for scalping? dans Nouveaux traders Sep 26, 2016 at 12:30

Scalper follows strategy same as a momentum trader does. He closes his position in seconds. For scalping you can use the following indicators . Use of more than one indicator gives you security as well as confirmation.• Chaikin Volatility• Bollinger Bands• ADX (Avearge Directional Index)• ATR (Average True Range)• EMA (Exponential Moving Average)• Fibonacci

Steps to become a professional forex trader dans Nouveaux traders Sep 23, 2016 at 08:46

Forex trading has a huge profit potential. But it do require hard work along with smart work. Most of the traders lose in stock market. If you are smart enough then you can definitely make money but with time. But before stepping into the real market , you need to follow some rules to become a professional trader and get benefit. Market psychology: Try to understand market psychology and moves . More you understand the market fundamentals , the more chances of gain in the long run.Have a Grip on Fundamentals: Before making an investment try to understand every single aspect of Forex market, in...

Do you prefer fixed spreads or dynamic spreads? dans Nouveaux traders Sep 21, 2016 at 10:55

It is suggested to go for variable spreads as the price feeds are direct from LP's. So in fixed spread your broker can be market maker. Also if you are day trader go for variable spread but being a long term trader you can earn with fixed spreads at the time of events or news as spread is larger at that time.😐

DEMO ACCOUNT vs LIVE ACCOUNT dans Nouveaux traders Sep 14, 2016 at 12:36

Well, often it is said there is no difference between live and demo account but in practice, results achieved from demo trading account may differ from actual live trading results in some cases which are1. The broker may execute demo stop loss orders accurately in demo account but slippage may occur in live trading account. 2. A lack of emotional commitment from trader side when no real money is at stake may create a positive trading environment but that is not in case of live account.The aftermath of demo and live trading comes out to be at odds for the traders.

EURUSD	1.07599	GBPUSD	1.25452	AUDUSD	0.66091
USDJPY	153.053	USDCAD	1.3685	USDCHF	0.90475