The Best Trading Ideas - page 2
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Yes, trend-following works sometimes, but not always. We simply need to trade what we see. Thanks.
Trading Exotic Pairs with High Speads
It’s common that certain traders don’t consider exotic pair and crosses when they trade, because they’re not as popular as majors and because their spreads aren’t tight as those of majors. Should you trade on an instrument with a higher spread when the spread on the GBPUSD is much lower? Why would you trade the GBPCFH when the EURUSD is readily available? Some think that low spreads matter and that high spreads could magnify losses and reduce gains. This is true. But there are many wonderful opportunities on those exotic crosses as well, especially if you’re using a trend-following strategy. If the GBPNZD moves by more than 500 pips in one week, would it matter much if the spread on it is 20 pips?
If we trade on longer time frames, we will get less trade signals but their accuracy will be high and we also get good risk to reward ratio by trading on them. So its better to trade on four hour or daily charts.
If we trade on longer time frames, we will get less trade signals but their accuracy will be high and we also get good risk to reward ratio by trading on them. So its better to trade on four hour or daily charts.
yes, many experienced traders have discovered this.
It seems that daily charts are still the basis of all TA. Anything lower than 1 hour is noise
If we trade on longer time frames, we will get less trade signals but their accuracy will be high and we also get good risk to reward ratio by trading on them. So its better to trade on four hour or daily charts.
But don't forget the fact that there are a lot of traders who do scalping using lower time frames. Some are profitable as well.
Our own trading experience is best way to learn best trading in forex market. Always try to be updated with forex news and forums.
Our own trading experience is best way to learn best trading in forex market. Always try to be updated with forex news and forums.
There is no risk-free business or activity under heaven. When it comes to forex, people always have a wrong approach, no wonder over 90% of traders aren’t surviving. We are talking about the majority of traders here; doing what are popular. I’m saying what isn’t popular, and for you to survive the markets, you need to do what the majority don’t like to do.
The best trading ideas are not public
This report is an excellent source of ideas…The extremely negative sentiment will favor the Cable