When Not to Trade • Beginner's Guide • Forex4noobs

/r/Forex Trading Community

Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
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Algorithmic Trading

A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. Feel free to submit papers/links of things you find interesting.
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Forex Indicator

Welcome to /ForexIndicator! This subreddit was created for Forex traders who are interested in Forex Indicators! Feel free to discuss but please do not use this subreddit as a place to advertise your business. Thank you!
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Which brokerage offers the most leverage for trading(not forex)

Disclaimer: I realize that leverage is dangerous
How much leverage do you use? Can you apply for an upgrade, for example I use etrade, I get 2:1 over night and 4:1 intraday.
submitted by Babadookk to Daytrading [link] [comments]

Why Is not Forex Trading Taught in School?

Why Is not Forex Trading Taught in School? submitted by Rufflenator to 3bitcoins [link] [comments]

not forex but same concept.. price action is universal.

not forex but same concept.. price action is universal. submitted by johnyComelately18 to Forex [link] [comments]

Why Is not Forex Trading Taught in School?

Why Is not Forex Trading Taught in School? submitted by ososru to Bitcoin4free [link] [comments]

i know, i know it's not forex... it's price action. ive been preaching. my previous post is now approaching the red shaded area. it's where the money is.. and they want it. im just riding along for the swing

i know, i know it's not forex... it's price action. ive been preaching. my previous post is now approaching the red shaded area. it's where the money is.. and they want it. im just riding along for the swing submitted by jon1818 to Forex [link] [comments]

It’s for exposure not Forex

It’s for exposure not Forex submitted by elementguy5 to lostredditors [link] [comments]

Help with finding a new platform

Hi,
I've invested some money with Trading 212. They close your positions when your account status drops below 25% and don't have enough funds in your account to guarantee it (margin)
Is there any trading sites that do not do this? I want to hold when I am losing - not close in a losing position!
Edit: I should have posted this in stocks, not Forex. What I was describing is apparently a stock brokerage cash.
submitted by Seanp023 to Forex [link] [comments]

Why a Live Forex Chart is important For Traders

There are two common theories as far as live forex charts are concerned: The first is by the many forex traders who believe that live forex charts can never be used to win in a forex trade simply because they rely on demand and supply fundamentals. On the other hand, some investors believe that live forex graphs are a mirror reflection to a human mind; they are constant but prices can be predicted. Which is a fact and which is not? Forex Brokers Reviews
The truth is that live currency graphs work and deliver results. There is however one common misconception that must be cleared even before we get into how live currency charts work. Contrary to common belief, live charts are not used as tools to predict future variations in pair prices. The truth is that unlike scientific theories, prices are not determined by fixed aspects. If this was the case, live charts would be very predictable, and there would be no point in trade in foreign exchange, would there? This, however, does not mean that live charts are not useful to the foreign exchange trade. As a matter of fact, live forex tables are some of the most important tools in use in foreign exchange trading. Combined with technical analysis, live currency graphs can be some of the most valuable assets an exchange trader can have in the business.
With the help of live forex charts, you can know the moving averages and when the price has gone above or below. Day trading does not require much analysis apart from some real time history of price movements. It is a vital tool in a seasoned trader's toolbox and the newbie simply cannot do without it. Getting technical indicators upfront in real time has come as a big boon to online forex traders coast to coast. forex broker review
With live charts you can identify when the market has entered an overbought zone with the help of RSI. To enter and exit a trade and also for working on multiple indicators, you need live charts to guide you through. If two indicators like the RSI and MACD indicate buy signals, then you could buy and forex market requires taking decisions in a flash. To make profits and keep losses to the minimum, use forex live chart.
The live forex chart is a lifeline for the day trader wanting to close positions within a matter of a few minutes or hours. Usually a long term investor in the forex market does not need live charts, but day traders require keeping tabs on price changes by the minute. Top Rated Forex Brokers
Traders depend solely on the chart prices to plan their moves and they have to be real time stuff to be of any use. Depending on what type of trade you would be doing, you should select the right software for viewing forex charts. You can monitor every single move the currency pair makes as well as keep track of technical indicators.
Visit Here - Most Trusted forex brokers
submitted by Sure_Statistician384 to u/Sure_Statistician384 [link] [comments]

Instagram forex traders will not make you successful.

I feel like I need to have a rant.
I have been trading for just over a year now and I have just started to become profitable. What made me profitable? Blocking out all of the rubbish that comes from forex Instagram. I didn’t find a fancy new strategy. I’m using the strategy that I formed in the first 3 months of me trading. So why only now am I starting to become profitable when I knew about the strategy almost a year ago?
Because i chose to digest information coming from instagram forex traders.
I’m not talking about the obvious scammers you see on your Instagram feed such as IML, broker commission marketers, or any of the likes. I’m talking about the select few that portray themselves as trading veterans and are popular in the trading community. They are constantly posting on their stories/profile 24/7. At least once a day they will post something like ‘only 2 slots left In my mentorship’ or ‘come join my free telegram channel’. Warning: if a trader you follow is trying to promote something, even if it’s just for Instagram followers, unfollow them. They will not help you become successful.
So I had my strategy by month 3 of trading. I backtested it and it worked. But I started taking advice from these traders, I got my hands on a few of their courses and my trading began to fail. Every single course was pathetic. Never showed any live trading. No proof of anything. Always making excuses of why they can’t tag their MyFxBook.
I unfollowed all these ‘traders’ and now I am profitable.
Rant over.
submitted by zor600 to Forex [link] [comments]

Rogers World Elite - Massive Devaluation coming June 2

https://www.rogersbank.com/legaldocs/en/change_in_terms_world_elite.pdf
1.5% on everything, 3% on US dollar (not forex), $15000 minimum annual spend
submitted by LondonPaddington to PersonalFinanceCanada [link] [comments]

How do futures influence the market?

I mean ... when someone long or shorts using futures... it's not effectivly buying or selling an asset he has (the same can be said with the contract x difference many brokers offer) so how can futures players/traders influence spot market making it go down or up? I am talking about commodities and futures on crypto (on binance)... not forex
submitted by luchins to technicalanalysis [link] [comments]

I am just getting into forex but i do not understand how much each pip is worth in a trade. In this trade can someone show me the math as to how I made $69 profit?

I am just getting into forex but i do not understand how much each pip is worth in a trade. In this trade can someone show me the math as to how I made $69 profit? submitted by StevenMendieta to Forex [link] [comments]

Forex Day Trading in the UK (Taxable or Not?)

Hi there,
I could really use some help here. I day trade using IC Markets (I believe they are Australian), Raw Spread account. I withdraw money from IC Markets every other week, maybe GBP 1,000.00 (now I am getting the hand of it), however, overall, I am still very much down.
  1. Do HRMC see this going into my bank account, do they then, see the total loss I have with my deposits to IC Markets and my withdrawals or only look at the withdrawals I am doing?
  2. The big question, is this taxable, is day trading taxable in the UK, I know there are three areas you can fall into, however, how do I know what area I fall into. Additionally, when does it get to the point I need to file a tax report (if I do?).
  3. Is there a broker out there I should be using that means I do not have to pay tax, everyone mentions spread betting, but I just contacted IC Markets and they do not do spread betting. Can you please let me know all the information and your thoughts as I beyond confused on all of this and really could do with some advice.
I have done so much research on the topic and do not have an answer yet.
submitted by PranksterLad to UKPersonalFinance [link] [comments]

Forex trading in the UK Taxable or not? Really need to know this once and for all.

Hi there,
I could really use some help here. I day trade using IC Markets (I believe they are Australian), Raw Spread account. I withdraw money from IC Markets every other week, maybe GBP 1,000.00 (now I am getting the hand of it), however, overall, I am still very much down.
  1. Do HRMC see this going into my bank account, do they then, see the total loss I have with my deposits to IC Markets and my withdrawals or only look at the withdrawals I am doing?
  2. The big question, is this taxable, is day trading taxable in the UK, I know there are three areas you can fall into, however, how do I know what area I fall into. Additionally, when does it get to the point I need to file a tax report (if I do?).
  3. Is there a broker out there I should be using that means I do not have to pay tax, everyone mentions spread betting, but I just contacted IC Markets and they do not do spread betting. Can you please let me know all the information and your thoughts as I beyond confused on all of this and really could do with some advice.
I have done so much research on the topic and do not have an answer yet.
submitted by PranksterLad to Forex [link] [comments]

Forex Day Trading in the UK (Taxable or Not?)

Hi there,
I could really use some help here. I day trade using IC Markets (I believe they are Australian), Raw Spread account. I withdraw money from IC Markets every other week, maybe GBP 1,000.00 (now I am getting the hand of it), however, overall, I am still very much down.
  1. Do HRMC see this going into my bank account, do they then, see the total loss I have with my deposits to IC Markets and my withdrawals or only look at the withdrawals I am doing?
  2. The big question, is this taxable, is day trading taxable in the UK, I know there are three areas you can fall into, however, how do I know what area I fall into. Additionally, when does it get to the point I need to file a tax report (if I do?).
  3. Is there a broker out there I should be using that means I do not have to pay tax, everyone mentions spread betting, but I just contacted IC Markets and they do not do spread betting. Can you please let me know all the information and your thoughts as I beyond confused on all of this and really could do with some advice.
I have done so much research on the topic and do not have an answer yet.
submitted by PranksterLad to UKInvesting [link] [comments]

(Mainly) UK Tax question for a Sunday Morning

Hi
This is something more of a curiosity. In the UK we can trade Forex using spread betting so any gains are totally tax free.
However, lets say for some reason you were using a different method. Maybe you were using a broker in another country, or trading Forex using a CFD account. What asset is Forex categorised under for Capital Gains Tax (CGT)?
Looking at the government CGT website, it includes shares as being subject to CGT but not Forex, it does also state that selling coins is subject to it. However, Forex is neither shares nor coins; coins being physical objects.
And just thinking of this as I type, it also states that CGT is paid on assets. It's arguable though that currency isn't an asset but merely a tool used to purchase assets. After all, there is the often used distinction of people being "cash rich" or "asset rich". Doesn't it blur the line between the distinction of money and assets if you have to pay a tax which is meant to be applied to an increase in value of an asset itself rather than means of exchange?
I'm sure there's plenty of legal rulings on this, and this sub will be quite biased on the subject (shouldn't be taxed). Wondering on peoples thoughts on the later.
Having a few showerthoughts this morning.
submitted by MrFanciful to Forex [link] [comments]

Anyone doing little forex trading? I’m curious how much of the not allowed is allowed.

I see in terms it’s not allowed.
But curious if I can bounce few K back and forth over the week or month without setting off any alarms.
Anyone doing it? How much/often?
I see Revoult gives a near perfect rate match while most forex brokers have 0.4 spread on the RUB which is nearly my entire profit interest on a weekly move.
submitted by DohDohDoe to Revolut [link] [comments]

Rehearsing In The Forex Market

In following the 'game', you will figure out how to make and lose cash in the forex showcase. This sort of game is going to make you progressively mindful of what happens day by day, how the business sectors open and close, and how extraordinary the different nations monetary standards truly are.
You will open an online 'account' utilizing the gaming framework. You will at that point have the option to peruse the news, find and think about business sectors, and you will have the option to make 'counterfeit' exchanges so you can watch your cash manufacture or be destroyed in misfortunes. As you become familiar with the framework, utilizing it a couple of times each week, you will be progressively arranged, increasingly taught and you will be prepared to utilize the forex exchanges to bring in cash. Obviously, you may in any case need the guide of dealer or an organization to cause your exchanges to occur yet you will better comprehend the procedure, what will occur, and what calls you might need to make when you read about the news, the business sectors, and the monetary standards in different nations.
The forex showcase is likewise alluded to as the FX advertise. In the event that you are keen on joining the millions who are bringing in cash in the forex markets, you need to guarantee you are managing a respectable broker or organization engaged with forex exchanging. With the spike of enthusiasm for the forex markets, there are numerous kinds of organizations that are jumping out on the Internet having all the earmarks of being real forex exchanging organizations however in all actuality, they are definitely not. Forex exchanging can be finished through a dealer, an organization that bargains in the assets, and from inside your own nation. For instance, the US has numerous guidelines and laws in regards to forex exchanging and what organizations are allowed to work with the open managing universal exchanging and markets.
#future Academy
submitted by futurefxmarketltd to u/futurefxmarketltd [link] [comments]

This guy does NOT the believe in technical analysis, can someone elaborate on what he is saying pls? And does this only relate to stocks or to Forex as well?

This guy does NOT the believe in technical analysis, can someone elaborate on what he is saying pls? And does this only relate to stocks or to Forex as well? submitted by Mynameistowelie to Forex [link] [comments]

Why do people say forex trading is not profitable and you'll loose your money?

Like if you jump in directly obviously you'll end up blowing your account, you'll loose hell lot of money But if you properly study, practice,make a strategy you will follow Have a risk management plan,learn the market and basically just put it effort in it,why won't you be profitable
You can't just jump into anything and expect to become a millionaire,you need to work for it Example becoming a doctor, No one can just go into an operation room and start operating,you need years of practice and experience Same goes with forex,but the reward might just be a little juicier
Soo don't be disheartened by the 90% loose money And keep realistic expectations,you can't expect to earn 90k a day without putting in the effort
So guys wish you all the best and just work hard and practice man Form a proper plan and just stick to it
submitted by whyislifelikethis__ to Forex [link] [comments]

Not sure what action to take regarding Chinese Forex scam

Hi, I'm usually a lurker on Reddit but I created this throwaway account to ask for any advice and also warn people of this scam.
I'm 99% sure my uncle fell into what I think is very clearly a Forex scam. Now our family is in deep financial troubles. We will need to liquidate all of our assets (including our home, which we live together) to pay off our debts. How it happened:
About a year ago, my uncle is approached on LinkedIn by a women claiming to know the secrets to Forex trading. She claims to be from Hong Kong and sends him several screenshots of her very successful trade and claims she makes millions and also lives an incredibly lavish lifestyle. She tells my uncle to install a 3rd party version of MetaTrader4 to get started. Of course, this gets his attention and he downloads the app and starts taking her advice and plays with the paper money. He makes some really great gains on paper and eventually she pushes him to put in real money.
He then comes to me at the beginning to ask my opinion of this situation.
So I did some initial research and I could not find ANY information about this woman's company and her existence. She literally has less than 10 connections on LinkedIn. I also noted that it was sketchy to download a 3rd party version of this app when a version of it already exists in the App Store. I also reversed image searched her profile pictures but I wasn't able to get any concrete proof she was a scammer.
I tell him that this is most likely a scam based on what I found and his paper money gains on Forex are incredulous and that even pros don't make that much money (He and I have some retail experience trading equities, so we are familiar with the basics).
I don't want him feeling down so I let him know that if he wants to try it maybe he should put in money that he can afford to lose...
Come about half a year later, my uncle confesses that he has all of his savings and on MARGIN into this "forex broker" and that he has been unable to withdraw any money from his account. Each time he doubles his money through trading, he would make another wire transfer to add money to this trading account.
He also tells me each time he tried withdrawing money, the broker requires a lump sum wire transfer of 100k to ensure the right channels are "secured" for him to transfer the money without being targeted by something among the likes of a Hong Kong Security Law. Of course, he gets convinced to make the wire transfer thinking that the gains he makes from the trades offsets this loss...
I should mention that when he calls the "head trader" at this Hong Kong forex firm, it's a young man who speaks Mandarin..
Also I should mention each wire deposit goes to a different account.
Sorry if my writing and organization isn't the best... honestly I am still so shook from writing this... I've convinced my uncle that he should not expect to get any money back from these guys. Our current financial situation is pretty f**ked as I said earlier and we will lose our homes for this. Do you guys have any advice or paths forward we should take? I'm thinking of taking this to a higher authority in Hong Kong but also we don't want to scare the scammer away. We really don't have anything on this scammer as he communicates with us through WeChat. He never answers our calls, and only calls us when we try to withdraw the money.
I appreciate any advice you guys could give me, and I'll be able to answer any question as I may have missed a couple details..
submitted by throwaway920911 to Scams [link] [comments]

Not sure what action to take regarding Chinese Forex scam

Hi, I'm usually a lurker on Reddit but I created this throwaway account to ask for any advice and also warn people of this scam.
I'm 99% sure my uncle fell into what I think is very clearly a Forex scam. Now our family is in deep financial troubles. We will need to liquidate all of our assets (including our home, which we live together) to pay off our debts. How it happened:
About a year ago, my uncle is approached on LinkedIn by a women claiming to know the secrets to Forex trading. She claims to be from Hong Kong and sends him several screenshots of her very successful trade and claims she makes millions and also lives an incredibly lavish lifestyle. She tells my uncle to install a 3rd party version of MetaTrader4 to get started. Of course, this gets his attention and he downloads the app and starts taking her advice and plays with the paper money. He makes some really great gains on paper and eventually she pushes him to put in real money.
He then comes to me at the beginning to ask my opinion of this situation.
So I did some initial research and I could not find ANY information about this woman's company and her existence. She literally has less than 10 connections on LinkedIn. I also noted that it was sketchy to download a 3rd party version of this app when a version of it already exists in the App Store. I also reversed image searched her profile pictures but I wasn't able to get any concrete proof she was a scammer.
I tell him that this is most likely a scam based on what I found and his paper money gains on Forex are incredulous and that even pros don't make that much money (He and I have some retail experience trading equities, so we are familiar with the basics).
I don't want him feeling down so I let him know that if he wants to try it maybe he should put in money that he can afford to lose...
Come about half a year later, my uncle confesses that he has all of his savings and on MARGIN into this "forex broker" and that he has been unable to withdraw any money from his account. Each time he doubles his money through trading, he would make another wire transfer to add money to this trading account.
He also tells me each time he tried withdrawing money, the broker requires a lump sum wire transfer of 100k to ensure the right channels are "secured" for him to transfer the money without being targeted by something among the likes of a Hong Kong Security Law. Of course, he gets convinced to make the wire transfer thinking that the gains he makes from the trades offsets this loss...
I should mention that when he calls the "head trader" at this Hong Kong forex firm, it's a young man who speaks Mandarin..
Also I should mention each wire deposit goes to a different account.
Sorry if my writing and organization isn't the best... honestly I am still so shook from writing this... I've convinced my uncle that he should not expect to get any money back from these guys. Our current financial situation is pretty f**ked as I said earlier and we will lose our homes for this. Do you guys have any advice or paths forward we should take? I'm thinking of taking this to a higher authority in Hong Kong but also we don't want to scare the scammer away. We really don't have anything on this scammer as he communicates with us through WeChat. He never answers our calls, and only calls us when we try to withdraw the money.
I appreciate any advice you guys could give me, and I'll be able to answer any question as I may have missed a couple details..
submitted by throwaway920911 to personalfinance [link] [comments]

FOREX IS NOT WHAT YOU THINK - MY STORY - YouTube No Nonsense Forex - YouTube Forex Indicators - By Far, The Best Way To Trade - YouTube Here's why you'll NEVER make money in Forex. The Forex ... HANNAH FOREX - YouTube

FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Forex Trading: A Business – Not a Hobby. In Featured Posts, Popular Posts, Trading Knowledge, Trending Now; September 21, 2020; One of the biggest mistakes Forex traders make is addressing trading as a hobby. The reality is trading Forex (foreign exchange) is a business and should be processed as such. When Not to Trade. While the Forex market allows you to place trades around the clock, Monday through Friday, there are certain situations during which you should stay on the sideline.Some of the most important events which can cause erratic and unpredictable price movements are outlined in the following lines. Forex trading success takes time, patience and a huge amount of practice. Most of the new traders on the Forex trading don’t last very long–not generally because they deduce some losses that are difficult to recover from, but because they initially make a few losses and give up. The truth is, quitters never win and winners never quit. It isn’t always about when not to trade, but also what not to trade. News. There are scheduled news releases and economic news throughout any given day. These can be found in advance by using an economic calendar. The most popular one is Forex Factory’s calendar. It can sometimes be difficult to know when not to trade when it comes to news.

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FOREX IS NOT WHAT YOU THINK - MY STORY - YouTube

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. #DURecorder This is my video recorded with DU Recorder. It's easy to record your screen and livestream. Download link: Android: https://goo.gl/s9D6Mf iOS: ht... Learn more here: https://bit.ly/2ShPRPx Here' why you'll never make money in Forex. It's all because of the Forex cycle of doom. Many aspiring traders who ar... What's up! I'm Hannah and I'm learning how to trade the forex markets. Join me as I document my forex trading journey through film, sharing the ups and the d... Glad this video helped, no more products for sale no more courses either, study the videos they will teach you everything you need to become a 6 and 7 figure...

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