USD Currency 28 forex pairs list Stretches Solid Up-move Beyond 0. LOOK: FTSE 100 Share Index Price Forecast, Sept.
Read about FX from a different angle. Economy-based analysis on current events and how they impact currency rates on moneytransfercomparison. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. I get a lot people asking me what markets I trade. The short answer is that I follow a handful of highly-liquid, major markets that provide me with the best price action trading opportunities. A big problem that inhibits many traders’ success is that they are focusing on too many markets in addition to all the other trading variables they are overly-focused on.
From news events to indicators to having 50 different charts open on your trading platform, there’s a never-ending supply of data and variables that a trader can get caught up in trying to digest everyday. It really is enough to drive you mad if you allow it to. So what’s the solution to avoiding this data-driven madness? The solution is to scale-back the amount of data you’re trying to make sense of each day as you analyze the markets. Putting the odds in your favor is not done by trying to keep track of 30 or 50 different markets and frantically scouring them all for signals each day. Note, if you are new to Forex trading it will help if you first go through my article that outlines what the major forex currency pairs are compared to the minors and exotics. Why I only trade a handful of markets Just because you can do something doesn’t mean you should.
You can go try and wrestle a Saltwater crocodile, but that doesn’t mean you should. Despite this seemingly obvious fact, many traders confuse and frustrate themselves everyday by trying to track and trade too many markets. Most traders have access to hundreds of markets from around the world. I also have access to hundreds of markets, yet I wake up each day with a very small number of charts open on my trading platform.