Disliked{quote} You are a Junior member right now. It looks like you should post more messages to become a Member, then you will be able to start a new thread.Ignored
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Disliked{quote} That's true. Unfortunately. {quote} It doesn't matter where you are. Account currency matters. But the scheme is the same. The only difference between USD and GBP in your account will be the numbers you see. It should not bother you, your broker is doing all the job. Look at your account balance as proof of solvency. In simple words you are not converting anything. You just asking your broker to do that. Let's say you have GBP in your account. You are pressing BUY button on GBP/USD, broker buys GBP for you with USD. Then you press sell button....Ignored
DislikedHello First up I would like clarification and guidance on the use of technical indicators. This weekend while doing research into strategy, process etc I have come across one source stating that your traditional indicators are best left alone, because the major institutional players will move a currency pair how and when they see fit - that is, irrespective of what say the RSI, MA's etc hint at. Another source mentioned numerous indicators and it appeared he used these in all his decision making when trading. Both sources of course were...Ignored
Disliked{quote} Hello If you are using a chart to trade, then this chart is a main source of your decisions. Almost all your trading decisions will come from what you see on the chart. Let's imagine you are using MA's indicator. You must know why are you using it and how it helps you. You can hear in the internet about simple trading strategies using MA's, you should buy when 10 MA crosses 20 MA. But it doesn't work that way, if you are using MA's just to see how they cross each other then that's a wrong approach. And even if one MA cross another...Ignored
Disliked{quote} Thanks heaps, BlaBlaFx, I have some experience in looking at charts for equities and understanding what they say regarding price and volume action. And yeah, indicators more often that not were seen by me as instruments of confirmation, which was helpful. I know from recent research that I have done that Forex is different. Price moves in ways and for reasons that are very different to equities. Its this that interests me very much - understanding this and using it to trade effectively. So, indicators - I am guessing most would be less relevant...Ignored
Disliked{quote} I don't use indicators, so I can't tell you how they can help. Maybe someone who is using them can provide more valuable information on how indicators help in trading. The volume indicator in the Forex market indicates the number of price changes during a specific time, it doesn't show them amount traded. That's the huge difference between forex market and stock exchange. I don't think that the number of price changes of the candle can be used to make trading decisions.Ignored
DislikedHi all, I'm new to this fourm so maybe this isn't the right thread, but maybe someone can help: I connected tradingview to my interactive brokers account (paper trade), and while stocks are all there to trade, many-many other things, forex, crypto, show a "non tradable symbol". When I do symbolt search nothign shows up for forex / crypto / indices.Ignored
DislikedSo the volume indicator in the Forex market is more a measure of price action or volatility? Can you explain a little more how this works (OK if you don't want to - am happy to go of and do more research)?Ignored
DislikedThis forum is a good source of knowledge, and you can get good advice and knowledge about trading from senior members of this forum.Ignored
DislikedHello First up I would like clarification and guidance on the use of technical indicators. This weekend while doing research into strategy, process etc I have come across one source stating that your traditional indicators are best left alone, because the major institutional players will move a currency pair how and when they see fit - that is, irrespective of what say the RSI, MA's etc hint at. Another source mentioned numerous indicators and it appeared he used these in all his decision making when trading. Both sources of course were...Ignored
DislikedTop 4 Apps for Forex Traders 1. Metatrader 4 Software for traders to access into thr forex broker system. 2. Trading View Place to share analysis idea and discuss about trading. 3. Myfxbook Trading portfolio. 4. Investing .com Fundamentals latest news. Start downloading the app which can help to improve your trading. Let’s have a great Tuesday aheadIgnored
DislikedHey I'm also new in this. Few guys at my gym, keep talking about how they trade some gold and silver and other stuff. They gave me few tips and where to trade. Lately they talked about some news coming out that made these two pump nicely. Can someone tell a total newbie to this which news were responsible for this rocket ?Ignored
DislikedHello What useful knowledge would you like to gain from this forum?Ignored