Forex Signals, Trade Copier, Forex Trading Strategies

One common mistake that people make when trading forex is risking too much money by trading the same currency across different pairs. For example, all USD pairs such as EURUSD, USDCAD, USDJPY, etc. tend to move simultaneously with the US dollar index. Therefore, if the US dollar price moves against you, there is a big … [Read more…]

AUDCAD Buy 0.9661 SL 0.9624 P1= 0.9682 P2= 0.9693 USDCAD Sell 1.0638 SL 1.0668 P1= 1.0618 P2= 1.0605

USDCHF moved SL to 0.8975

Regardless of your trading system or style, every trade you make must have some reason behind it. If there is no reason behind your trade, than it’s a pure and simple gamble. And if you gamble in forex, you will lose money in the long run (we will discuss why gambling is bad in forex in … [Read more…]

Cancelled AUDUSD sell orders

USDCHF Sell 0.8976 SL 0.9006 P1= 0.8958 P2= 0.0826

AUDUSD Sell 0.8994 SL 0.9046 P1= 0.8975 P2= 0.8961

EURUSD: closed for a total profit of +60 pips USDCAD: there was not much activity, all orders cancelled Total profit made on this news events: + 60 pips

EURUSD Buy 1.3606 Sell 1.3574 USDCAD Buy 1.0673 Sell 1.0648

The price had drifted down just before the news release, which triggered my sell stop. But there was no real move in price on the news and therefore no reason to hold this position any longer. So, I got out at the break even point.