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Which trade to enter when there's more than one opportunity at the same time?
Biedrs kopš
130 ieraksti
Dec 14, 2017 at 13:49
Biedrs kopš
130 ieraksti
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!
Biedrs kopš
536 ieraksti
Sep 04, 2021 at 08:19
Biedrs kopš
536 ieraksti
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!
Biedrs kopš
617 ieraksti
Sep 06, 2021 at 09:57
Biedrs kopš
617 ieraksti
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.
Biedrs kopš
70 ieraksti
Sep 06, 2021 at 19:54
Biedrs kopš
70 ieraksti
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
Biedrs kopš
20 ieraksti
Sep 29, 2021 at 09:39
Biedrs kopš
20 ieraksti
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
Biedrs kopš
751 ieraksti
Oct 03, 2021 at 12:22
Biedrs kopš
751 ieraksti
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.
Biedrs kopš
759 ieraksti
Nov 09, 2021 at 12:06
Biedrs kopš
759 ieraksti
Take both or go with which one gives you the most profit.
Biedrs kopš
869 ieraksti
Nov 11, 2021 at 11:40
Biedrs kopš
869 ieraksti
If you are confident take both. If don’t, just go with whichever you are confident more.
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