As we get closer to Christmas there will be less volatility. Range trading is better now, though keep an eye on news.
Yes, you should study one pair for a year to learn how it move and reacts, what normal movement is, how it react to MA's, ect. Learn to ID price levels, be they pivots or support/ resist levels. horizontal lines are more powerful than slanted ones.
I actually watch eur as an indicator for GBP/JPY. after 2+ years I understand the movements of it, but dont trust myself on EUR - I would have to watch for a year to learn that. find some correlation pairs to watch maybe GBP/USD and EUR.GBP.
google forex correlations.
Yes, you should study one pair for a year to learn how it move and reacts, what normal movement is, how it react to MA's, ect. Learn to ID price levels, be they pivots or support/ resist levels. horizontal lines are more powerful than slanted ones.
I actually watch eur as an indicator for GBP/JPY. after 2+ years I understand the movements of it, but dont trust myself on EUR - I would have to watch for a year to learn that. find some correlation pairs to watch maybe GBP/USD and EUR.GBP.
google forex correlations.
DislikedThanks for the input. Yeah, I'm very new to all of this, I'll heed your advice and stick to EUR/USD. I should have learned this on demo, seemed whenever I strayed over to JPY and DKK trades I lost my ass.
Thanks for the reminderIgnored