Plain Forex Trading Club

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.

There are many different tools in technical analysis designed for different purposes. Think of them as your toolbox. In real life you need different tools to perform different tasks and therefore you need a set of tools to complete a job. In pretty much the same way you need a set of technical analysis tools … [Read more…]

The formula is pretty simple: 1. Learn theory. 2. Practice and experiment on demo. 3.  Develop your own trading system. You can use someone else’s system but you still need to adjust it to your schedule and personality. 4. Once you are consistently profitable on demo, start trading real micro account. 5. Work on your … [Read more…]

If my home garage is packed with different tools, that still doesn’t mean that I can build a house. Heck, that doesn’t even mean that I can hang a TV on a wall properly. Tools are just that “tools”. They provide means for the job. Even knowing when and how to use your tools is … [Read more…]

It depends on the trading system. When considering holding positions overnight, it’s important to take into account additional expenses such as interest, swaps, etc. charged by your broker.  

This week’s total trading results was negative -123 pips loss.

The total Forex Signals results this week is a net profit of +182 pips.