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Wandile2000

Joined Jan 08, 2024

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Trading using community outlook 2

If the majority of traders that are represented in Myfxbook's community/outlook are trading in one direction and reach certain percent positioning, is that a good indicator that price will move that way? What would be advantages for this situation?

425

Jan 23, 2024 at 08:19

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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.

EURUSD	1.15244	GBPUSD	1.34607	AUDUSD	0.70248
USDJPY	160.176	USDCAD	1.40103	USDCHF	0.80583