Is Forex Trading Easy? - The Forex Channel

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A community for newbie forex traders. This is the place to learn the art of trading. All postings should be simple and easy to understand.
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PaperTrading

Subreddit under new ownership. Paper Trading Bot in Development. Expect updates soon.
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r/StockMarket - Reddit's front page of the stock market, financial news

Stock market news, Trading, investing, long term, short term traders, daytrading, technical analysis, fundamental analysis and more. We cover it all at stockmarket.
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Backtesting and forming your #forexstrategy is imperative to succeed in forex trading. But it is not so easy to get near #accurateresults. Read more to know how to get positive results on Your MT4 #ForexEA by #backtesting. https://wetalktrade.com/positive-mt4-forex-ea-results/

Backtesting and forming your #forexstrategy is imperative to succeed in forex trading. But it is not so easy to get near #accurateresults. Read more to know how to get positive results on Your MT4 #ForexEA by #backtesting. https://wetalktrade.com/positive-mt4-forex-ea-results/ submitted by Wetalktrade to u/Wetalktrade [link] [comments]

Forex,Iq option,new broker thread

The goal of forex trading is easy. Buy foreign currency for reasonably-priced and promote for a far tons higher rate. Sometimes you will best get a marginal iq option quantity in keeping with foreign exchange exchange, but sometimes you forex will upward thrust relying on the forex buying and selling marketplace and explode. It will explode enough to in which you could have the capability to make 6 figures or more per yr. The opportunities are endless within the forex market due to the fact it is nevertheless one among the handiest investing markets wherein it's far unregulated. There is genuinely no cap or restrict in your earning capability. You can flip into one million in no time. It happens everyday to single consumers.

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submitted by forextrader59 to u/forextrader59 [link] [comments]

#Electionday is famous for #volatility but we were spotted with our predictions. Entered in #EURUSD and made a quick 32 #pips profit. Nice and easy. Want such trade ideas? Get our #signalsapp now. https://traderpulse.com/forex-trade-signals/#pricing

#Electionday is famous for #volatility but we were spotted with our predictions. Entered in #EURUSD and made a quick 32 #pips profit. Nice and easy. Want such trade ideas? Get our #signalsapp now. https://traderpulse.com/forex-trade-signals/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

Scalped 64 pips profit in #Gold. With our unique #scalpingstrategy, aiming a biggie in scalping is an easy task. Want to make a quickie in the #forexmarket? https://traderpulse.com/forex-trade-signals/#pricing

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"𝙃𝙚𝙮 𝙣𝙤𝙫𝙞𝙘𝙚 𝙩𝙧𝙖𝙙𝙚𝙧𝙨, #Online_Forex_Trading is not an easy science and here is no expectation...

submitted by ronykhanfx to TopAsiaFX [link] [comments]

Are demo accounts representative of the real thing?

Hey everyone, I have made a demo account at pepperstone just yesterday, and managed to turn $200 into 2.9k after making quite a lot of trades with 500x leverage. I am new to this, so I was kinda surprised at how easy it was making money on the demo account. I am aware that there's slippage for live accounts which can result in less earnings, but this seems to be too easy for me. Has anyone heard of brokerages 'cheating' in demo accounts to make you win money all the time so as to artificially boost your confidence? Or anything similar to that? Or is there something that I am potentially missing? Also, mind telling me more about the differences between a demo account and a real one?
(Perhaps this is a trick of pepperstone's to trick me into believing that forex trading is easy?)
submitted by pisfan to Forex [link] [comments]

Now That Forex Trading Is Made Easy

Now That Forex Trading Is Made Easy submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Now That Forex Trading Is Made Easy

Now That Forex Trading Is Made Easy submitted by Leka213 to CryptocurrencyToday [link] [comments]

Now That Forex Trading Is Made Easy

Now That Forex Trading Is Made Easy submitted by ososru to Bitcoin4free [link] [comments]

Now That Forex Trading Is Made Easy

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Is it possible for a retail trader to make good money from forex auto trading? I’m programmer in my day job and started to make a couple of bots. I see a lot of comments and posts saying how they struggle to make bots but so far the coding side for me has been easy.

submitted by danderson0723 to algotrading [link] [comments]

How is it easy to make 100,000 USD a week from pure forex trading?

Hi,
My friend has been telling me how he made 100,000 USD a week easily from forex trading.
However, my gut tells me to not believe it.
Is it possible to make that much from forex trading or is it just a way to bring in more fish to the market?
Thanks.
submitted by noobeeee to investing [link] [comments]

How difficult or easy is it to make $50 profit a day with Forex trading?

submitted by Geo322 to investing [link] [comments]

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knowledge base section you will find easy-to-understand information on the history of the currency markets, what is the Forex market, how trading works, fundamental and technical analysis, simple explanations on some example technical indicators and key components you will need to get started.

submitted by sgtmarkets to forex_trades [link] [comments]

FREE GIFT: Beginners Guide to FOREX Trading - This free report is perfect for the total beginner. With easy to understand language it walks you through the essential basics and helps you to feel comfortable in the incredibly lucrative and exciting world of forex trading.

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Making highly accurate & precise Trades on Forex Market has never been this easy! Download Pipbreaker v2.0 which is one of the best MT4/MT5 Forex Indicator. Available Now! Know more: https://goo.gl/M5eBCv

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Signal: EURJPY 15minute 28/4 - Forex Trading Easy... Forex signal for today.. there is more signal update available in my blog.. just take a look

submitted by zuljaalaa to Economics [link] [comments]

Signal: EURJPY 15minute 28/4 - Forex Trading Easy. there is more update forex signal at my blog. just take a look over there

submitted by zulshuif to reddit.com [link] [comments]

New to Trading? Here's some tips

So there seems to be a lot of new people on this sub. And makes sense if you have questions a lot of time you'll turn to reddit for the answers (I know I do). Well here are some tips that I think would benefit new traders.
  1. Don't trade ANY Euro pairs. Look I know it's the most traded pair it goes up and down really fast and there's so much potential for you to make money. Turns out there's even more for you to lose money. It's way too volatile specially if you don't know what you're doing. EUUSD is the worst offender.
  2. Trade the Daily. Might think you're cool looking at charts every x amount of times during the day. You get to tell your friends and family that you trade all day and they might be impressed at what you're doing but unless you have some years under you stick to the daily. There's less noise. You can see clearer trends and when you don't stare at the screen all day you're less emotional therefore a more effective trader. I only look at the chart 15 minutes a day to either enter close or manage my trades. Whatever happens when I'm gone is what happens.
  3. There is no holy grail indicator Look for it all you want. It doesn't exist. There are good indicators. There are bad indicators. There are some indicators that are so broken if you do the opposite of what they're intended for you'll actually make a profit. But the fact remains that there's no perfect one. Stop looking. What you should be looking for is an indicator that fits with your strategy.
  4. What currencies to pick. I actually never see this brought up. The notion in forex is that all pairs can be traded equally. To a certain extent that's not false. But until you get the hang of it stick to a strict trading diet. Look for pairs that trend a lot. Duh look for the trend I can hear you say. When I say trend I don't mean a couple of days or weeks. I mean a couple of months. Half a year. Pairs that do that have a higher tendency to stick with one direction for a while. That's where you make your money. An easy way to identify those pairs as well is putting together a volatile currency (USD) with a less volatile one(JPY).
  5. USE YOUR SL Trust me even if not putting a SL has netted you all kinds of gains eventually the market will turn around and bite you. With no safety net you'll lose most if not all your profit. The best offense is a good defense.
  6. How to pick your TP and SL level. Most new traders care so much about that. I put it near the bottom because in my opinion you should know everything listed first. This is my opinion and I use it for my strategy I use the ATR(average true range) indicator. It's a really helpful tool that helps you identify the range at which the candles will either rise or fall. Obviously you want to set your TP inside of that range and your SL slightly outside of it.
  7. Lot sizes. Everyone has a different story about how they pick their lot size. The general consensus is don't risk over 2% of your account. But I'm a simple man and I can't be bothered to figure out what my risk is every single time. So what I do is I put $0.10 for every $100 I have on the account. I then assign $300(minimum) to each pair. That's $0.30 per pair. It's easy to remember. 10 cent for every $100. If you're able to blow $100 with $0.10 then you probably shouldn't trade.
  8. How to avoid reversals. Tbh you can't. There's no way to predict the future so eventually you'll get hit by one. What you can do however is minimize the blow. How I do it is for every pair I take two trades. If you remember in the previous tip is said I do about$0.30 per pair well I divide it 2:1. I take one trade with a TP(2) and one without (1). If my TP is hit I pocket that amount and if the trend keeps going in my direction I make even more. If the trend decides to end or reverses my losses are minimal because at least I kept half.
  9. There is NO right way to trade. Stop listening to people telling the best way to trade is fundamentals or naked charts of to use some specific indicator. There are no right way to do this. It's as flexible and unlimited as your imagination. I personally use indicators but if that's not your thing do YOU! Just remember to manage your trades properly and be level headed when trading. Hell if your trading strategy is flipping a coin with proper trade management you'd probably make some money (don't quote me on that).
  10. Trade money you're willing to lose Don't trade your rent money.
That's all I have for now. If anyone sees this and wants to add more feel free. Hope this helps someone.
submitted by MannyTrade to Forex [link] [comments]

The comedy how I lost all my money in two hours

I'm trading for 11 months with pretty good success.
I never traded metals and forex before, just stocks. Today when gold started to consolidate at the last hour, I decided to scalp short it with a large amount, so I opened 100 lots. I haven't realised, in forex 100 (lots) doesn't mean "100 pcs", because I used to stocks and I went full retard without knowledge.
Seconds later, I realised it means 10 million dollars (1 lot = 100.000, and I had 500x leverage).
It moved up a bit and immediately I was down £4000. I scared as fuck and rather than closing the position quickly I hoped maybe I could close break even.
The market closed, and I waited for the Asian session. The gold popped like never before, and I lost all my life savings (£55000) in less than two hours. (including the 1-hour break between sessions).
If I count that I lost all my earnings as well, I lost around £85000.
Here is the margin call
https://imgur.com/a/XY5m4ZA
https://imgur.com/a/VSgmCSs
https://imgur.com/pRWl5g9
IC Markets closed my position partially in every 1-2 minutes until I shut it myself at £35.
You know the rest of the story. I'm depressed, crying and shouting with myself.
Yes, I know I was stupid, thanks. I just wanted to share this with you.



Edit: WOW THANK YOU, GUYS! I haven't expected this, but you help me.
Many of you asked the same questions, I answer it here:
- I live in Europe, and we usually trade CFD's, not futures.
- Currency in GBP.
- As you can see, this account made on IC Markets. They not just allowing you a 500x leverage, it's the default.
- You can ask me why I went against the market. Because gold is way oversold? Because I expected institutions would sell their shares before gold is hitting £2000, leaving retails hanging there. Also, as I said, I wanted to scalp, not riding the gold all the way down. If I had a loss of £100, I would close the position immediately. But when I saw the £4000, my heart is stopped, and my brain just freezes.
- I went for a revenge trade with my last £2k, and I don't have to say what happened. I uninstalled the app, and I give up trading for a while.
- Again, in the past months, I was cautious, I lost a significant sum in March, but I managed to recover. Made consistent gains, always with SL. This is just an example of how easy is to fuck up everything you did.
- I didn't come here for some shiny digital medals. I can't tell about my losses to anyone who I know in real life. I would make a fool of myself.
- Anyone who attacking me that it is a scam. Well, think what you want. I feel terrible and the last thing is to answer all the messages saying "You fucking karma whore". I don't give a shit about karma.

submitted by fail0verflowf9 to wallstreetbets [link] [comments]

In these difficult times, please be aware of trading/investment scams

In these difficult times, when many people may be losing their jobs, I wanted to draw attention to share trading/investment scams.
They’re relatively easy to recognise if you’re familiar with their ways of working: they usually approach people out of the blue, offer fast or big returns, promote a lifestyle many of us wish we could have, don’t want to discuss the risks and they’re not regulated by the FCA.
Now I’m not a finance expert and don’t know the ins and outs of the regulatory work but I know that I should only deal with companies with a good public presence that are also FCA approved. If they start dodging questions, it’s a clear sign that they may be up to no good.
I was approached by someone on Reddit today offering investment account management promising returns in as little as 7 days. Their profile is full of photos of someone living a lavish lifestyle and sometimes looking at a few charts. They were super quick to respond to any question but suddenly went quiet when I asked about the FCA.
Again, I’m not an expert and some offers may be genuine. But now that many of us are struggling, it’s important to be extra careful and avoid potential scams as much as possible. The FCA has some good guidance on their website about these scams and how to avoid them. Stay safe, all.
submitted by mechanical_banana to UKPersonalFinance [link] [comments]

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Forex Is Easy, You're Just Not Doing These Two Things!

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