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What FX market do you prefer to trade now-a-days?

  • #21
  • Sep 10, 2020 5:22pm Sep 10, 2020 5:22pm
Quoting fxke62
@NTK: he doesn't show ADR in this table (only in the details per pair). But his might at least be a little useful too.. the max ranges within which the pairs have moved (LL and HH): (20200101 - 20200901) {image}
So preferable trades according to your table would be all the green markets is it right?

Could I get this table as an excel spreadsheet, or an indicator?
  • #22
  • Sep 10, 2020 5:40pm Sep 10, 2020 5:40pm
Quoting ntk
I keep seeing recommendation to trade mainly the markets EURUSD,EURJPY,USDJPY,GBPUSD,GBPJPY,EURGBP,AUDUSD,NZDUSD. but also some places where avoid trading against the USD is recommended as USD is highly manipulated, so too the GBP... What do you think, are they right? why trade EURUSD,EURJPY,USDJPY,GBPUSD,GBPJPY,EURGBP,AUDUSD,NZDUSD , but not GBPNZD or GBPCHF? Why AUDUSD but not AUDNZD, AUDCAD? why USDJPY but not USDCHF or USDCAD or CAHJPY or CADCHF? Why prefer to trade URUSD,EURJPY,USDJPY,GBPUSD,GBPJPY,EURGBP,AUDUSD,NZDUSD but not GBPAAUD, EURNZD?...
I prefer the following pairs and only trade these six pairs 1-2 at a time:

EURUSD, GPBUSD, AUSUSD - Because of low spreads during respective sessions.

EURJPY, GPBJPY, AUSJPY - Because of high volatility (price moves a lot on these pairs and you can catch some good pips)

I stay away from USDJPY. I have a terrible win rate on the USDJPY.
Give the market little, Aim to take a lot!
  • #23
  • Edited 7:04pm Sep 10, 2020 5:45pm | Edited 7:04pm
Quoting Calsimay
{quote} I prefer the following pairs and only trade these six pairs 1-2 at a time: EURUSD, GPBUSD, AUSUSD - Because of low spreads during respective sessions. EURJPY, GPBJPY, AUSJPY - Because of high volatility (price moves a lot on these pairs and you can catch some good pips) I stay away from USDJPY. I have a terrible win rate on the USDJPY.
all of them are major only, but drop USDJPY
I see you leave EG aside also because it would be a cross of EU and GU. EG has given ppl some headaches today

Very clear recommendations. thank you.
  • #24
  • Sep 18, 2020 1:10am Sep 18, 2020 1:10am
Recommend: AU, AJ, EA, ECHf, EU, GU, GJ, UChf , UC because they moving fast, and low in cost (spread commission)
Careful: UJ

About EA and EN perhaps fxk362 could recommend something

EJ also a good candidate?
  • #25
  • Sep 18, 2020 5:14am Sep 18, 2020 5:14am
Mainly EUR/AUD.
Love to talk on Discord: DividendGamer#1324
  • #26
  • Sep 18, 2020 3:25pm Sep 18, 2020 3:25pm
Gbpjpy, Audjpy, Eurjpy
  • #27
  • Edited 7:04pm Sep 18, 2020 5:33pm | Edited 7:04pm
found an indicator which gives a clear relationship on cost, range and volatility. I think values is updated correctly when markets are open. At least it explain why many times ppl recoomend back to
EU;GU;UJ;UC;
low cost (spread), relative high ATR, relative high volatility
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  • #28
  • Sep 19, 2020 6:14pm Sep 19, 2020 6:14pm
It is not because the FXXT tool table.

I found a video clip from Forex.today
Inserted Video

At 1:54:00 s.o. asked how he thought about trading GN. He compared the index of AUD, NZD, JPY, CHF, CAD, GBP, EUR.
With AUD index, GBP index and NZd index are correlated and he came to recommendation why that pairs in a permanent sideways, like GA too. He would trade preferably AUD or NZD paired with USD or JPY, but not GBP
  • #29
  • Sep 20, 2020 4:40am Sep 20, 2020 4:40am
Quoting Varkeer
Mainly EUR/AUD.
relative large spread, you deal only with EA since how long? you must like its behavior?
  • #30
  • Sep 20, 2020 4:43am Sep 20, 2020 4:43am
Quoting SGFxTrader9
Gbpjpy, Audjpy, Eurjpy
I see Wayne McDonald also recommended if chose any pair for trading then one should use at first only pairs with base USD or JPY. You know news about your country so you pair your choice with JPY
  • #31
  • Sep 20, 2020 7:36am Sep 20, 2020 7:36am
Quoting ntk
{quote} relative large spread, you deal only with EA since how long? you must like its behavior?

Yeah it is almost the only thing I have traded this year. I trade mainly off the 8h, as a intraday swing trader.
Love to talk on Discord: DividendGamer#1324
  • #32
  • Edited 8:13pm Dec 4, 2020 7:59pm | Edited 8:13pm
To all the ppl who has contributed to this discussion, I have found the way for chosing certain FX pair to trade, or to say with certainty why we should better trade a FX pair preferable than another. And that is not only check the volatility, but the pip value, ADR and swap.

For example I would trade AU rather than AC; or surely surprisingly it is better to trade AChf rather than AN.

Also if we are not thinking of swap, it could be a very disadvantage to trade EA rather than AU.

Or to my good lazy friend Nick Bixy you make a mistake when chose your favourite pair EN to trade

Or to say it is better to trade EChf or EJ rather than the EU in this month ..... Surprise, surprise!
  • #33
  • Dec 5, 2020 8:11am Dec 5, 2020 8:11am
Quoting ntk
What FX market do you prefer to trade now-a-days?
Nowadays I trade FX pairs only when there isn't a corresponding future to trade (I find the futures markets much safer, better, lower-commission-cost, more transparent etc, and of course there are meaningful volume figures available for it, too).

Mostly, I prefer 6B (equivalent to GBP/USD) for its range and volatility, and 6A (equivalent to AUS/USD) for its good behavior, lack of surprises and trending patterns.

GBP/JPY is also useful for me, and for that one I have to trade spot FX, rather than futures.
  • #34
  • Dec 5, 2020 10:32am Dec 5, 2020 10:32am
Quoting Quickly
{quote} Nowadays I trade FX pairs only when there isn't a corresponding future to trade (I find the futures markets much safer, better, lower-commission-cost, more transparent etc, and of course there are meaningful volume figures available for it, too). Mostly, I prefer 6B (equivalent to GBP/USD) for its range and volatility, and 6A (equivalent to AUS/USD) for its good behavior, lack of surprises and trending patterns. GBP/JPY is also useful for me, and for that one I have to trade spot FX, rather than futures.
I thought I found the answer for solving my confusion. Now you bring me to different question... one really hs to learn every day

I would prefer GChf over GJ or EA using criterien like ADR, pips value, swap.... But now future is totally different skill level.

I came across videos, Emini etc ... but I always shy of it because I have read horrible thing about future trading, on robinhood platform, etc one had commited suicide due to sudden debt etc ... and one always thinks if you haven perfected FX trading technique, double account consistent profit etc, is it too ambitious, too dangerous to willing to start future trading

Now you explain like this this has changed little,
Would you let us know how did you started,
How would you start again today from beginning? where would you do, what would you avoid?
What would be sensible entry level in trading future you would recommend?
Where could i see there are corresponding future to trade

Thank you for sharing
  • #35
  • Edited 4:32pm Dec 6, 2020 4:16pm | Edited 4:32pm
Quoting ntk
I would prefer GChf over GJ or EA using criterien like ADR, pips value, swap....
Well, there aren't futures for that one. There's 6S (effectively CHF/USD) and 6B (Cable) but not the cross-pair.

Quoting ntk
But now future is totally different skill level.
Some different skills (slightly), perhaps, but not really a different skill level.

Trading the "front month" of 6B is the same as trading GBP/USD in the sense that the chart and movements are exactly the same. They move in unison, tick-for-tick (pip-for-pip), and the market's full of HFT algo's arbitraging away any discrepancy immediately, so they stay that way.

The main advantages of 6B over GBP/USD, as I see it, are:

1. Your broker's on your side rather than holding the other side of your trade (that's always been "the big one", for me)

2. There's volume available: you can even use bars/candles defined by volume transacted rather than by time elapsed (that's super-helpful to me). I know people say that spot forex has "volume" as well, but it's only the broker's own volume, which doesn't help aynone and has nothing to do with any real market

3. It's a transparent market: you're trading the same thing as everyone else trading, not someone's "own product"

4. It's safer and better regulated: you're not going to end up having a row with some dubious broker who's chosen to be regulated in Cyprus for reasons that protect him rather than his customers, and lose your money and not be able to do anything about it (you can avoid this, maybe, with spot forex, by using an FCA-regulated broker, but there can still be price-manipulation by the "broker" and it never seems to be in your favour?)

5. Low commissions and no spread

There are some other minor differences, too:

1. Futures are traded only 22/5, not 24/5 (they close for a couple of hours per day)

2. The tick-size/pip-size can be different (for example, Cable is $6.25 per tick, rather than $10 per pip, though 6A (AUS/USD) is $10 per pip/tick in both cases

3. You don't get the same leverage available (margin requirements vary, though for intraday trades you only need a few hundred $ on deposit)

And so on.

But it's not a "whole new and different skill set".

(I'm talking mostly about currency futures, above, of course.)

Quoting ntk
Would you let us know how did you started,
How would you start again today from beginning?
My story's not helpful to anyone else, really. I've worked in the industry, semi-retired and now trade my own little account.

As a retail trader, I wouldn't use spot forex where futures are available. Wouldn't dream of it. I don't know anyone else from my former career who would, either. Especially the people who have worked for spot forex brokers or for regulatory agencies!

Quoting ntk
What would be sensible entry level in trading future you would recommend?
Where could i see there are corresponding future to trade
The only really tradable ones, with big volume (enormous volume) are the CME ones. Chicago Mercantile Exchange.

I'd think that as a forex trader, you might want to look at currency futures?

6A = AUS/USD
6E = EUR/USD
6B - Cable
6S = CHF/USD (not USD/CHF as in spot forex)
6C = CAD/USD (not USD/CAD as in spot)
6J = JPY/USD (not USD/JPY as in spot)

From the perspective of the charts and actually trading them, they're really identical to instruments you already know (or with the base and quote currencies reversed in some cases, as mentioned above).

I hear what you say about the eminis, things like ES (S&P) and NQ (Nasdaq). Again, they're like some forex brokers' "matching"/"equivalent" products, and just as wild and difficult at the moment! I do trade ES as well, but only tiny trades looking for 5 ticks profit. Not scalping, but nearly. The Nasdaq's too wild for me, at the moment.

But don't imagine that futures are somehow "whole different world" - they're really not.
  • #36
  • Dec 9, 2020 8:30am Dec 9, 2020 8:30am
Quoting Quickly
{quote} Well, there aren't futures for that one. There's 6S (effectively CHF/USD) and 6B (Cable) but not the cross-pair. {quote} Some different skills (slightly), perhaps, but not really a different skill level. Trading the "front month" of 6B is the same as trading GBP/USD in the sense that the chart and movements are exactly the same. They move in unison, tick-for-tick (pip-for-pip), and the market's full of HFT algo's arbitraging away any discrepancy immediately, so they stay that way. The main advantages of 6B over GBP/USD, as I see it, are:...
"As a retail trader, I wouldn't use spot forex where futures are available. Wouldn't dream of it. I don't know anyone else from my former career who would, either. Especially the people who have worked for spot forex brokers or for regulatory agencies!"
After studying BTMM and ICT, I understand what you say about FX and MM, which broken had you used what are your experience with them. That would be a kick start for me too? Thank you for your headups.
  • #37
  • Edited 3:38pm Dec 15, 2020 12:03pm | Edited 3:38pm
Quoting Quickly
{quote} Well, there aren't futures for that one. There's 6S (effectively CHF/USD) and 6B (Cable) but not the cross-pair. {quote} Some different skills (slightly), perhaps, but not really a different skill level. Trading the "front month" of 6B is the same as trading GBP/USD in the sense that the chart and movements are exactly the same. They move in unison, tick-for-tick (pip-for-pip), and the market's full of HFT algo's arbitraging away any discrepancy immediately, so they stay that way. The main advantages of 6B over GBP/USD, as I see it, are:...

I start to read about what you say. I look through the list of broker (https://www.cmegroup.com/tools-infor...dividualTrader) on CME and see Swissqutoe, TD ameritrade, IB these are also FX but I remember not very good spread. You have experience with any of them? would you say which cretirium one need to check when searchig through the list?

I recently saw someone trading the CRASH and BOOM, quite successfully according to what in the posts he shown. Are they true for trading or somethin synthetic created by broker to scam or cheat traders?

When asking about his experience I has been asked to pay member ship to join VIP group then I can trade and will know more ... quite agreesive actually, and it has put me off
  • #38
  • Dec 18, 2020 8:27am Dec 18, 2020 8:27am
So sorry for the delay, ntk, I’ve only just seen your replies now.

Quoting ntk
I understand what you say about FX and MM, which broken had you used what are your experience with them.
It’s always difficult recommending forex brokers to anyone, without knowing all about their circumstances and trading. The one certainty is that whatever you recommend, someone else can (and will) report on their own bad experiences with them.

My own good experiences were with Oanda and LMAX, and those are the two I usually recommend.

Neither is perfect.

Both are honest.

One additional advantage of Oanda is their advanced charting which is a white-label version of TradingView.

Anything that avoids MetaTrader is an advantage,

Quoting ntk
see Swissqutoe, TD ameritrade, IB these are also FX but I remember not very good spread. You have experience with any of them?

With IB, yes. I like them. But they’re set up for experienced traders who don’t need technical help, and their support isn’t the best for those who do.

Tradovate is good, and has low dealing costs, and TradingView can be linked to their own trading platform (a good advantage).

AMP is also ok and they have small margin requirements, which helps many people. If you research them online, you’ll see something that might look bad, about a pending lawsuit, but this is only a dispute between their shareholders and the company, not between customers and the company and anyway it will be mediated and settled out of court in April 2021 (most likely). I would not let it put me off using them. I don’t think it’s relevant.

I would say that a good choice for someone switching to futures for the first time is the choice between Tradovate and AMP, depending on their own needs and circumstances. Both are honest.

Futures brokers, of course, are much more honest than forex brokers, and the choice between them is therefore both easier and less important.

Quoting ntk
I recently saw someone trading the CRASH and BOOM, quite successfully according to what in the posts he shown. Are they true for trading or somethin synthetic created by broker to scam or cheat traders?
Sorry, I don’t know. I’m suspicious, though.

Quoting ntk
When asking about his experience I has been asked to pay member ship to join VIP group then I can trade and will know more ... quite agreesive actually, and it has put me off
That’s wise, surely. It would put me off completely. I think you’re right to be put off.
  • #39
  • Apr 16, 2021 8:51pm Apr 16, 2021 8:51pm
Quoting Quickly
So sorry for the delay, ntk, I’ve only just seen your replies now. {quote} It’s always difficult recommending forex brokers to anyone, without knowing all about their circumstances and trading. The one certainty is that whatever you recommend, someone else can (and will) report on their own bad experiences with them. My own good experiences were with Oanda and LMAX, and those are the two I usually recommend. Neither is perfect. Both are honest. One additional advantage of Oanda is their advanced charting which is a white-label version of TradingView....

My broker does not offer any common known option, like e-mini option or vix75, but only these products
https://www.icmarkets.com/au/en/trad...nge-of-markets
If you could kindly have a look through them and advise I should learn about trading those product futures or options, or not. that ICM does not offer e-mini rings an alarm bell, seem that they dont offer something ppl can learn freely how to trade them
  • #40
  • Apr 20, 2021 9:22am Apr 20, 2021 9:22am
Quoting Quickly
So sorry for the delay, ntk, I’ve only just seen your replies now. {quote} It’s always difficult recommending forex brokers to anyone, without knowing all about their circumstances and trading. The one certainty is that whatever you recommend, someone else can (and will) report on their own bad experiences with them. My own good experiences were with Oanda and LMAX, and those are the two I usually recommend. Neither is perfect. Both are honest. One additional advantage of Oanda is their advanced charting which is a white-label version of TradingView....

i need your help. It is so difficult to find right broker the trade options. I found plus plus500, IG but they dont have e-mini or VIX-75 (the common options or futures you see ppl talking about or see their apearance on Youtube

Is e-mini US500, what are current price of e-mini so I can compare with the US500 futures they offer on IG?

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[IMG]https://www.ig.com/Chat_IG_EN/UI/images/chat/infoIcon.gif[/IMG][color=#808080]The agent ended your chat session.[/color]
 
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
HI khai
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
hi
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
I am interested in otion trading, what can you trade on IG?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
also do you have sort of expir calendar for option products?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
[url]https://www.ig.com/uk/options-trading[/url]
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
[url]https://www.ig.com/uk/options-trading/what-are-options-how-do-you-trade-them[/url]
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
e-mini, Vix75?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
We do not have expire calendar, you can see on each option you trade the expiry under info tab
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
where can I see cost involved?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
or example for the most mini option trade. I am beginner
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
Options is bit complex trade
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
You need to completely go through the links I provided above and understand
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
Also you can trade on demo accounts to better understand the product
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
I understand, hence I want to study e-mini, or Vix 75 only I can not see i=where IG offers them or not
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
and where is a list which option in general you can trade
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
On the platform you need to check the options which we are offering, the ones you can see are the ones we offer
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
could you show me where trade e-mini, Vix75?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
seeem you dont have e-mini can you name it differently?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
It is not offered
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
is e-mini US500?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
yes we offer US500
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
serch for Vix 75 show over 10 products are you naming them differently than other platform?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
question is is US500 e-mini? where is rule to trade?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
iff you name different you can play different or is it not?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
No we dont name it different
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
What ever you want to trade on, you can see it in the same name
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
If you are not seeing it then simply it is not listed and you cant trade
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
ok thanks.. can I get this transcript on emails pls
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
ah are there sometimes restriction on which option yyou can traade like direction etc, what used to be with crypto, or stock certain long short trader can not send order to IG
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
We do not have any restrictions as such
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
was there a time you stop ppl trade long or short ETH because of volatility or other reason?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
However based on market condition there will be some implications which happens on timely basis
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
Not certain about it, as long as i know, No
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
so you work there less than 2 yrs?
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
Yes
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
because it did happen
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
oh okay
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGLogo.png[/IMG]
Ullas
So it has not happened since then
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
ppl move money trade else where
[IMG]https://www.ig.com/Chat_IG_EN/UI/images/IGClient.png[/IMG]
Khai Nguyen
are you sure? is there any stock at the moment you have timely restrictions on?
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