Our AUDUSD short sell signal made +21 pips profit today: ———- Forwarded message ———- From: Dave Hughe <plainfx@gmail.com> Date: Wed, Apr 13, 2016 at 8:34 AM Subject: April 13 To: AUDUSD Sell 0.7639 SL 0.7681 P1= 0.7618 P2= 0.7603 This trade reached the first profit target and the remainder of the position was closed at … [Read more…]
Tu., Apr. 12 Forex signals results: +27 pips profit
Our USDJPY buy signal made +27 pips profit today The original signal is shown below: ———- Forwarded message ———- From: Dave Hughe <plainfx@gmail.com> Date: Tue, Apr 12, 2016 at 7:16 AM Subject: April 12 To: USDJPY Buy 108.47 SL 107.98 P1= 108.74 P2= 108.98 Once this trade reached our first profit target, the stop-loss order … [Read more…]
Mo., Apr. 11 Forex signals results: +181 pips profit
Our long USDCAD trade made +181 pips of profit. The original Forex signal is shown below: ———- Forwarded message ———- From: Dave Hughe <plainfx@gmail.com> Date: Mon, Apr 11, 2016 at 7:39 AM Subject: April 11 To: USDCAD sell 1.2949 SL 1.3033 P1= 1.2914 P2= 1.2866 This trade reached both profit targets. The third unit’s stop-loss … [Read more…]
How can I have success on Forex?
The formula of success in trading and investing is simple: 1. Make more money than you lose 2. Never lose more than your account can afford 3. Compound your wins The best way to learn anything is by doing. Practically all Forex brokers provide free demo accounts where you can trade in real time with … [Read more…]
How can I determine the trading/investing style that best fits my personality?
Learn about each style and see which ones appeal to you. Then learn deeper those styles that you like and try to trade them in a demo account. That will give you a good idea of what you really like or dislike.
How much tax do I have to pay in Forex?
There are no taxes in Forex. Depending on the country of your residence, you might have to pay taxes on your winnings.
In Forex, which trading strategy would you consider having more profit: The Martingale Way or Momentum?
There are trading strategies, such as Momentum, Swing trading, Trend Following, and many more. Each of them can be profitable. The size of the profit depends not on the type of the strategy but on the strategy itself. Martingale is a money management system originally used in gambling. In this system, the betting starts after … [Read more…]
How does a non-dealing desk Forex broker work?
There are two general types of retail Forex brokers: Dealing Desk Brokers, also called Market Makers, provide liquidity to the market by offering both buy and sell quotes (Bid and Ask) and taking the other side of the trade. That is the reason they are also called Market Makers. Dealing desk brokers do not charge … [Read more…]
Is forex trading betting or gamble?
I don’t see the difference between betting and gambling. You can do either one with intelligence by trying to increase your chances of winning. In the same way, when trading Forex or any other financial market for that matter, you can gamble by placing random orders or you can use a profitable trading system with … [Read more…]
In the forex technical analysis, was the mid price or bid price used?
For the purposes of technical analysis you can use any of the 4 prices and their combinations: open, close, high and low. Charts are usually plotted using closing prices for the time period selected. Trend lines are drawn by connecting highs or lows. It’s not uncommon to plot moving averages of high, low and close … [Read more…]