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

  • #41
  • Apr 20, 2021 9:33am Apr 20, 2021 9:33am
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....
and here Have data for trading with an GU option date expiry 30 APril 2021the difference requirement in available data is grave? is it normal with this broker, I mean it look like they not want you to sell, and it is like shouting GU will goes lower folk (hence we dont want you to trade this direction) Who set the options any broker, some large broker or a centralized finance body?
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  • #42
  • Apr 20, 2021 9:39am Apr 20, 2021 9:39am
@quickly


Do you know any option you would recommend here ON ig?

AND why the cost of a week apart 10GBP is that good at all?
  • #43
  • Edited 8:27pm Apr 20, 2021 8:15pm | Edited 8:27pm
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:...
The problem with some future pairs is the volume can be too low to find imbalance or absorption levels.
Therefore its best only to trade 6B - GBPUSD or 6E - EURUSD.
Thats if you scalp the one minute chart, higher time frames wouldn’t matter as much.

Cheers
Trading thin liquidity at the boundary of the charts
  • #44
  • Apr 21, 2021 2:13am Apr 21, 2021 2:13am
I trade exclusively on majors. Because unlike for example exotic currency pairs, they have normal volatility. Due to the big amount of participants in trading on the majors, the chart is more stable and without gaps. Well, at least I try to trade within the day (intraday), but it happens that for the sake of profit, the deal does not have to be closed. And then on exotics you have to pay big swaps.
  • #45
  • Apr 21, 2021 5:19am Apr 21, 2021 5:19am
Quoting RickM
{quote} The problem with some future pairs is the volume can be too low to find imbalance or absorption levels. Therefore its best only to trade 6B - GBPUSD or 6E - EURUSD. Thats if you scalp the one minute chart, higher time frames wouldn’t matter as much. Cheers
I have been trading 6E options only since 2015. It is the only options instrument that works well because of high volume and liquidity.
I have lost money trying to trade other symbol options. Some times JPY also works consistently. Again because of high volume and liquidity.
Practice makes a person perfect
  • #46
  • Apr 21, 2021 12:26pm Apr 21, 2021 12:26pm
I only trade 6 pairs and they are : EUR/USD, EURGBP, EURJPY, GBPJPY, GBPUSD and USDJPY .

The reason why i only trade these pairs is they are less risky and much more simple to predict compared to CHF, AUD, CAD and NZD. These four currencies are "commodity currencies" which makes things a bit more complicated and hard to predict.

For example: Due to the conflict in Ukraine, relations between USA and Russia are tense. This may cause some sanctions between US and Russia which can cause oil prices to fall. And, that can actually hurt Canadian Dollar too. So these problems with commodity currencies makes me want to stay away from them as much as possible.
You have to have an IQ higher than 90 to interact with this user.
  • #47
  • Apr 21, 2021 12:45pm Apr 21, 2021 12:45pm
Quoting simnz
{quote} I have been trading 6E options only since 2015. It is the only options instrument that works well because of high volume and liquidity. I have lost money trying to trade other symbol options. Some times JPY also works consistently. Again because of high volume and liquidity.
If you are looking for consistently results, 6B and 6E options only. Grüße aus Frankfurt
  • #48
  • Apr 25, 2021 10:20pm Apr 25, 2021 10:20pm
My question is which currency pair has more validity?
  • #49
  • May 31, 2021 8:23pm May 31, 2021 8:23pm
Quoting waseemji
My question is which currency pair has more validity?
?
  • #50
  • May 31, 2021 8:30pm May 31, 2021 8:30pm
Quoting josesmall
{quote} If you are looking for consistently results, 6B and 6E options only. Grüße aus Frankfurt
6B - GBPUSD or 6E - EURUSD
and how do you trade? how much should you have min. on acc for smallest start? Is CME the only possible place to trade?

what do you think about post #41
  • #51
  • Jun 14, 2021 12:36am Jun 14, 2021 12:36am
Manipulating the USD pairs needs some big influence from big players in the market, like large USD trading companies or US banks. Most people prefer to buy currency pairs with USD since they are most likely to have less volatility and fluctuation when compared to other pairs. Other strong currencies like EUR and JPY are also like USD pairs.
  • #52
  • Last Post: Jun 14, 2021 4:36pm Jun 14, 2021 4:36pm
Although there are many pairs in forex trading, usually I am only trading on EURUSD or EURJPY
choosing and trade in multiple pair at once making confused how to handle all position, but maybe trading with the robot can work better if manage multiple pairs
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