Plain Forex Trading Club

There are no taxes in Forex. Depending on the country of your residence, you might have to pay taxes on your winnings.

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…]

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…]

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…]

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…]

There are basically 3 ways to short a currency: 1. You can sell a contract for that currency in a Futures Market. 2. You can sell an index of that currency. For example, if you believe that the US dollar is going to weaken, you can sell a US dollar index, which measures the value … [Read more…]

This week the result is break even.

This week’s signals resulted in -119 pips loss.

The volatility in Forex changes all the time. But to make money, you need prices to move. Therefore it’s not such a bad thing. Also, different currency pairs have different volatility.

The data is provided by your broker based on the interbank market and it can slightly differ between brokers due to spread differences.