100% of our trade alerts were on target this week We issued 3 free alerts last week: On April 11, we wrote: “On 4-hour chart USDCAD broke down the triangle support line. Further decline below 1.2950 might take the pair to test its 50-days low at 1.2860 area. The nearest support on the way down … [Read more…]
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…]
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…]
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…]
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…]
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.
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…]