wantspips

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Cashback

Joined Apr 25, 2020

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Pieredze Vairāk par 5 gadi

Bio

Forex trading is still a sideline for now, although I spend time on it every day, whether trading or learning. I have spent more money on education than I have currently made back in the market, but I view it as an investment in my family's future and I continue to make decent returns. They say education costs money; either in up front costs, or in hard knocks and losses. I vote for getting education before putting hard earned money at risk in the market. It hurts less that way!

Tirdzniecības Stils

Short term to medium term trading. I utilize a system that takes trades based on pivot points and Fibonacci levels. I currently only trade 28 fiat currency pairs made up of the 8 major currencies; USD, JPY CAD, GBP, EUR, CHF, AUD, NZD. I stay away from trading Crypto and currency pairs with wide spreads like the Lira, Rand and Peso. Too much risk is a bad thing with a small account.

Moto

Start with EQUITY MANAGEMENT

Grafiks

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Systems by wantspips

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Jaunākās Publikācijas

Which timeframe do you like best?

First of all, congratulations Aurelie, on starting to learn to trade the Forex market. I like the modesty you show in choosing to focus on one currency pair, and in asking other traders for input. The answer to your question depends on what kind of trading you want to do. I would recommend using a D...

853

Feb 05, 2021 at 04:55

what kind of spreads do you look in a broker

Absolutely right. This principle also applies to the pairs that typically have more volatility all the time, like the NZD or GBP pairs. Traders need volatility to make money. Volatility is a good thing, regardless of what they tell you on CNBC. Once a trader takes a position in a currency pair, pric...

3406

Feb 04, 2021 at 20:14

New traders love scalping

Be careful with brokers that offer zero pip spreads. They are in business to make money. If they cannot make it in the spread then you can guarantee they are making it somewhere else. Unfortunately, the way they usually do this is by taking the other side of your trades. They know that statistically...

5695

Feb 02, 2021 at 18:44

New Trader

I can't answer that question, but the supplier of the robot probably can. I assume you are planning on using the MT4 terminal to implement your robot. MT4 calls them 'EA' or 'Expert Advisor'. One thing you may not be aware of is that for consistent opening and closing of trades y...

2900

Feb 02, 2021 at 18:26

Over trading is a bad habit

I think it may be a good idea to define what "overtrading" actually is. Investopedia has a general definition of overtrading which says: 'An individual trader...will have rules about how much risk they can take, including how many trades are appropriate for them to make.Once they have ...

1865

Feb 02, 2021 at 17:44

Noteikumi | Privātums | Lapas karte | Site Map Calendar

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.04219	GBPUSD	1.25263	AUDUSD	0.62217
USDJPY	157.752	USDCAD	1.44113	USDCHF	0.89908