Plain Forex Trading Club

We did not trade yesterday. Today’s signal was: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Jun 18, 2015 at 5:59 AM Subject: June 18 To: AUDJPY Buy 96.02 SL 95.49 P1= 96.22 P2= 96.48 This trade was closed at the break even point.

There were no clear trading signals today, hence we refrained from trading.

We shorted EURAUD this morning: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Jun 15, 2015 at 6:59 AM Subject: New order To: EURAUD Sell 1.4499 SL 1.4551 P1= 1.4478 P2= 1.4452 This trade reached both profit targets but we move the stops closer to protect our profits in the wake of the ECB President Speech. Therefore the … [Read more…]

Not all brokers are created equal and you should to do your homework before committing any funds. The following is a list of things to check before opening an account: 1. Licensing and Regulation Is the broker licensed and regulated as a provider of financial services? If so, can you check this broker’s license number … [Read more…]

Forex signals today were as follows: Buy CADJPY: From: Dave Hughe <plainfx@gmail.com> Date: Fri, Jun 12, 2015 at 6:08 AM Subject: June 12 To: CADJPY Buy 100.61 SL 99.99 P1= 100.78 P2= 100.94 The protective stop-loss was updated later to break even (BE): From: Dave Hughe <plainfx@gmail.com> Date: Fri, Jun 12, 2015 at 6:58 AM … [Read more…]

We sold short EURJPY today: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Jun 11, 2015 at 8:42 AM Subject: New order To: EURJPY Sell 138.59 SL 139.21 P1= 138.36 P2= 138.16 Later the protective stop-loss was updated to 138.86: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Jun 11, 2015 at 10:43 AM Subject: EURJPY SL 138.86 To: As … [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…]