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Posts by forex_trader_1976864

Demo can not make you well experienced in General Dec 11, 2020 at 17:46
I have a few demo accounts with my broker, a demo account for me is essential, this is my first rule of thumb, before I place any trades, once I get a signal from either my daily chart or 4hr, I open a small position on my demo account first to test if I am wright or wrong, I watch the market if the test makes money I place my trades, that is how I use a demo account. I am a position trader always looking for medium trends. 😎
My Favourite pairs in Experienced Traders Nov 11, 2020 at 21:36
My favourite pairs are GBP/USD, EUR/USD, USD/JPY, AUD/USD and USD/CAD. I also trade Brent Crude and Gold sometimes on MT4. I trade USDCAD and Crude the most, because Oil has a negative correlation with USD/CAD of about 93% between 2000 through 2016.When oil goes up, USD/CAD goes down. When oil goes down, USD/CAD goes up. Happy Trading Folks. 😎
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© 2025 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
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EURUSD
1.15496
GBPUSD
1.35662
AUDUSD
0.65136
USDJPY
145.084
USDCAD
1.3576
USDCHF
0.81453
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