The DailyFX Forum - Trading News & Analysis for Forex ...

So I want to start using trailing losses...

But I've no idea on how to use them properly. I've heard that there're 2 kinds of T-Stops - http://www.dailyfx.com/forex_forum/fxcm-trading-station-ii-marketscope-charts/278523-can-you-explain-trailing-stops.html , so which does Oanda (current broker) use?
http://i.imgur.com/z2npYYO.png?1 - Current setup
I'm looking to long at 0.782, my stop loss would be around 0.771, but I've no idea how I would place a trailing stop in this case.
Trailing Stops
Do tell me if this is correct/wrong:
submitted by dk105243 to Forex [link] [comments]

View on gold near keypoints

I just saw a guy posting this on a forum. http://www.dailyfx.com/forex_forum/attachments/eur-usd/351647d1424186992-eurusd-goldh1.png http://www.dailyfx.com/forex_forum/attachments/eur-usd/351668d1424198901-eurusd-goldh4.png He had some other views which were pretty much crap, but what do you guys think about this one? Gold may be going up big soon I think.
submitted by kaasmaniac to Forex [link] [comments]

Getting Started

Hey guys! I found a super cool list of everything a new forex trader would need to get started! Originally made by to nate1357. Link to original thread http://redd.it/328cjr
Free Resources
Education:
www.babypips.com/school
www.informedtrades.com/f7
www.forex4noobs.com/forex-education
www.en.tradimo.com/learn/forex-trading
www.youtube.com/useTheTradeitsimple
www.traderscalm.com
www.orderflowtrading.com/LearnOrderFlow.aspx
www.profitube.com
Calendars:
www.forexfactory.com/calendar.php
www.dailyfx.com/calendar
www.fxstreet.com/economic-calendar
www.forexlive.com/EconomicCalendar
www.myfxbook.com/forex-economic-calendar
www.investing.com/economic-calendar
Free News Websites:
www.forexlive.com - Daily live news, analysis and resources
www.financemagnates.com - FX industry news and updates
www.fxstreet.com - Daily news, analysis and resources
www.forextell.com
www.forexcup.com/news
www.bloomberg.com/markets
Forums:
www.reddit.com/forex
www.forums.babypips.com/
www.forexfactory.com/forum.php
www.elitetrader.com/et/index.php
www.forex-tsd.com/
www.fxgears.com/forum/index.php
www.trade2win.com/boards
Margin / pip / position size calculators
www.myfxbook.com/forex-calculators
Brokerages:
There are many factors to consider when choosing a brokerage. Regulations typically force US traders to only trade at US brokerages, while international traders have more choice. After considering location you need to consider how much capital you will start trading with as many have minimum deposit levels. Once you’ve narrowed that down you can compared spreads and execution. ECN brokers execute your orders straight through to their liquidity providers, while market maker brokers may pair up your trades with other clients. Market maker brokers typically will partially hedge your positions on the interbank market. Many consider this to be a conflict of interest and prefer to trade at an ECN broker who would have an active motive to see you succeed. Lastly, brokers run inherently risky business models so it is important to consider the risk of bankruptcy.
www.forexpeacearmy.com - Aggregates broker reviews. Be warned though that people only seem to make bad reviews.
www.myfxbook.com/forex-broker-spreads - Live comparison of executable spreads
United States & International-
-Interactive Brokers
International Only-
-LMAX (whitelabel DarwinEx)
*DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified
-Dukascopy
*ECN based in Switzerland, but available elsewhere depending on local regulations.
*Tight spreads *Minimum deposit $100 *Fairly well diversified
-IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified
-Pepperstone
*ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified
Software / Apps:
Desktop/mobile
Terminology/Acronyms:
www.forexlive.com/ForexJargon - Common terms and acronyms
FAQ:
I need to exchange money, how do I do it?
This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee.
I have money in one currency and need to exchange it into another sometime in the future, should I wait?
Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it.
I have an FX account, should I start trading demo or live?
This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance.
What’s money management?
Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered.
More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp[35]
www.swing-trade-stocks.com/money-management.html[36]
What about automated trading?
Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams.
What indicators are best?
That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc.
What timeframe should I trade?
Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades.
Should I trade using fundamental analysis (FA) of technical analysis (TA)?
This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint.
I’ve heard trading Binary Options is an easy way to make money?
The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX.
Am I actually exchanging currencies?
Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another.
Why didn't my order fill?
Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
submitted by ClassicalAnt6 to TeamOceanSky [link] [comments]

9 Online Forex Forums And Why You Should Join Interview des membres du forum DailyFX: Deuxième édition 24.07.15. DailyFX BYOA EURCAD Ichimoku Trade 6-23-11 Journée des Membres du Forum DailyFX: S. LOGANADIN, Philippe, Catherine, Patrick, Karim, V. GANNE Archive Automated Forex Trading - Which Strategies Look Attractive Now?  DailyFX.com DailyFX BYOA Support & Resistance Zones

DailyFX ist das führende Portal für Forex News, Charts, Indikatoren und Analysen. Alle Werkzeuge, die Sie für den Handel am Währungsmarkt benötigen. New to the DailyFX Forex and Trading Forums? Learn how to navigate, post and use the DailyFX Forums. Forum Statistics: Posts: 451; Last Post: If there are any other… by manish v 04-20-2015, 01:44 AM . Introduce Yourself. Test your new forum accounts here – Tell us about your interest in trading or just stop by and say hi! Forum Statistics: Posts: 3,041; Last Post: Introduce yourself to the ... DailyFX Forex Forum - Join our currency trading community and discuss forex with fellow forex traders and analysts in the forex forum. Tagesanalyse DAX (08.11.2012) Nov 7th 2012, 21:24 Chart created with TradingView. USD/MXNFUNDAMENTAL FORECAST: BEARISH. USD/MXN has managed to buck the downward trend and has now rallied 2,9% in four days as the US Dollar picks up buyer momentum against emerging currencies and risk aversion. This is not an uncommon scenario in the cycle of forex pairs, especially given the important horizontal support highlighted in last week’s forecast ... Forexforums.dailyfx.com: visit the most interesting Forex Forums Dailyfx pages, well-liked by users from USA and India, or check the rest of forexforums.dailyfx.com data below.Forexforums.dailyfx.com is a web project, safe and generally suitable for all ages. We found that English is the preferred language on Forex Forums Dailyfx pages. DailyFX is the leading portal for financial market news covering forex, commodities, and indices. Discover our charts, forecasts, analysis and more. FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400 ...

[index] [14638] [12895] [12990] [23353] [6555] [8066] [24323] [20173] [606] [23329]

9 Online Forex Forums And Why You Should Join

Submitted in response to http://forexforums.dailyfx.com/submit... Here I explain how to draw support and resistance zones rather than a line to chart support and ... Apprendre le trading en Bourse et sur le Forex avec nos guides de trading GRATUITS : http://bit.ly/1c6T8ao Rejoignez nos analystes chaque jour pour des sessi... Forex Webinar: Real Money Trading and DailyFX Education for UK Traders 2.26.2015 by DailyFX EDU. 31:36. Forex Webinar - Trading with David Song Q&A Aug 19 2014 by DailyFX EDU. 21:21. Forex Webinar ... Forums like forex factory forum and dailyfx forum and others (read the full list at the end of this article) are the best place to start your activity in the online forex community. More Forex Videos: Submitted in response to http://forexforums.dailyfx.com/submit-your-videos/323577-submit-videos-your-own-analyst.html Here is a video showing how a trade was... In this video, DailyFX Quantitative Strategist David Rodriguez covers automated forex trading, his methods for system selection, and a way to automate strategies. The basics of forex auto trading Le site DailyFX fournit au quotidien plusieurs dizaines d’analyses sur le marché des devises, indices et matières premières ainsi que de nombreux points de marché en direct. Animée par une ...

http://binaryoptiontrade.depokibbgendta.tk