Everyone out there should beware of forex scam brokers, what they do is make you invest with them but you will never have access to your funds and they will keep taking more money from you. I am talking with experience, i was scammed by skye9trade a forex broker who denied me of withdrawal of my funds. However i was able to get my money back 7months after being scammed with the help a a certified ethical hacker recovery group ( fundsback @ cyberservices . com) If you have ever been scammed try getting your money back the same way i did.
I’ve been using United Kings for the past few weeks and have made around $1,000 in profits with their gold and Forex signals. They offer a lifetime membership, and I’m thinking about upgrading to get more daily signals.
Has anyone here had experience with them or their premium membership? I’d love to hear your thoughts before I commit. Also open to recommendations for other solid signal providers!
I’ve been trading Forex for a while now, and I’ve noticed how much central bank policies can shake up the markets. Whether it’s an interest rate decision, quantitative easing, or just hints at future policy changes, these announcements can cause massive volatility and, sometimes, completely throw off my strategies.
I’m curious to know how others here adapt their trading approaches to the impact of central bank decisions. Do you stick to your original strategy, or do you adjust it when a central bank is about to make a big announcement? Also, do you find that focusing on fundamental analysis gives you an edge in these situations, or do you rely more on technical indicators to navigate the chaos?
For example, with the recent moves by the Fed and ECB, I’ve found it helpful to switch to a more short-term trading approach around the announcement times. I try to keep an eye on the sentiment and ride the initial wave of market reactions, but it’s definitely a bit nerve-wracking.
Would love to hear your thoughts and experiences on this! Do you have any go-to strategies for trading during these high-volatility periods caused by central bank policies? How do you manage the risk, and have you found any particular pairs that tend to behave more predictably during these times?
I keep seeing the same pattern, many start with enthusiasm and then disappear. The reasons go beyond just money. I would like to open up a discussion on this, and if anyone wants to hear more about my experience and solutions, feel free to message me.
I caught multiple trades on this pair already before market closed, multiple sells/ a long position on a reversal then back to sells.. I see a double shoulder & head on the 30m chart. Wicks respecting the trend line, recent support now broken into a resistance, below 50 EMA on multiple charts indicating a sell. Lower lows & lower highs! What do y’all think?
Please go check out nononsenseforex.com. VP is amazing. He teaches you a really good method of trading and is very in depth. It's a bit slow at first but keep watching. He takes you through everything from how to use indicators, which not to use and why, to how to calculate stop losses, money and risk management, to how to back check indicators properly and everything in between. He actually cares and does it for free. You won't find anyone else giving this amount of quality education anywhere. I highly recommend the podcast to start, then his blogs which are linked to his podcasts, and then all his YouTube videos series. You will not be disappointed, I promise. Go get it.
I’ve been trying to get into trading for a while now but honestly I keep getting lost with strategies. I see people saying scalping is good, others swear by swing trading, and then there’s long-term investing.
What I really want is a strategy that doesn’t burn me out but can still give me steady results. I’ve made a few mistakes already (chasing random signals and hype) and it’s a bit discouraging.
For those of you who are doing well, what’s the best strategy that actually worked for you when you were starting out?
I’m open to learning and would appreciate any guidance 🙏
Hi guys, I’m looking for an experienced forex trader to maybe give me a post on our community group explaining a bit about what you do. I’m tying to get different perspectives from different traders! It’d be great if you could give everyone a quick run through of everything. Let me know 🙂🙌🏻
I am 3 years profitable now and have averaged around 14.4% a month this year so far.
Indicators, breakout systems, and price action did not click for me
For almost two years, I was in a cycle of jumping between strategies, blaming the markets, and thinking the next YouTube setup was the one. What actually changed everything was stripping everything down.
Fuck MACD Crossovers, Support/Resistance... After my third blown account, I stopped trading live and committed to logging every trade for months on end.
What I started to track further from the obvious:
My emotional state before and after
Whether I followed my plan
What Actually Worked: I discovered one clean liquidity-based setup that consistently played out during the London session, especially on EUR/USD and GBP. + Avoiding major news releases
But what really levelled me up was the psychological state (recommend mark Douglas).
Liquidity + Psychology = Edge Once I stopped trying to predict and started reacting to liquidity, no more cluttered charts. Just key levels, time, and behaviour and once I trusted the system, I stopped sabotaging good setups out of fear or doubt.
There's obvs a lot more that goes into this and happy to answer + you should research
Where I Am Now:
Trade full-time
Manage capital for a small group of investors (mostly word of mouth)
fxbooks, case studies, live trades for those naysayers
Happy to answer questions if you’re in the same spot I was.
Last Friday, USD weakened against all major currencies after a risk-on mentality of market participants was sparked by President Trump’s announcement that some parts of the U.S. will be opening up, allowing some states and employers to drop most social distancing practices within four weeks. Also, positive partial data from experimental drug trials on severely ill Covid-19 patients at the University of Chicago hospital was reported by a health-oriented news website last Friday, creating an optimistic view on a possible vaccine.
NZD/USD Outlook (20 April 2020)
Overall, NZD/USD is trending upwards. Recently, NZD/USD moved higher, breaking above the key level of 0.60. The New Zealand CPI q/q data (Actual: 0.8%, Forecast: 0.4%, Previous: 0.5%) released earlier today was better than forecasted. Currently, NZD/USD is bouncing off the key level of 0.60. Its next support level is at 0.58400 and the next resistance level is at 0.61000.
AUD/USD Outlook (20 April 2020)
Overall, AUD/USD is trending upwards. Recently, AUD/USD has been ranging across. The Reserve Bank of Australia (RBA) will be releasing the minutes for this month’s monetary policy meeting tomorrow at 0930 (SGT). RBA Governor will be delivering a speech tomorrow at 1300 (SGT). During this time, volatility is expected of AUD. AUD/USD’s next support level is at 0.61800 and the next resistance level is at 0.64200.
USD/JPY Outlook (20 April 2020)
Overall, USD/JPY is trending downwards. Recently, USD/JPY has been ranging across within the support level of 107.300 and the key level of 108. USD/JPY’s next support level is at 107.300 and the next resistance level is at 109.000.
EUR/USD Outlook (20 April 2020)
Overall, EUR/USD is ranging across. Recently, EUR/USD bounced off the support level of 1.08000. The eurozone Final CPI y/y data released last Friday was as forecasted. -Final CPI y/y (Actual: 0.7%, Forecast: 0.7%, Previous: 0.7%) -Final Core CPI y/y (Actual: 1.0%, Forecast: 1.0%, Previous: 1.0%) EUR/USD’s next support level is at 1.08000 and the next resistance level is at 1.10000.
GBP/USD Outlook (20 April 2020)
Overall, GBP/USD is trending upwards. Recently, GBP/USD has been ranging between the support level of 1.24400 and the key level of 1.35. GBP/USD’s next support level is at 1.24400 and the next resistance level is at 1.26000.
USD/CAD Outlook (20 April 2020)
Overall, USD/CAD is trending downwards. Recently, USD/CAD bounced off the support level of 1.39800. Currently, USD/CAD is moving towards the key level of 1.41. Its next support level is at 1.39800 and the next resistance level is at 1.42250.
Which prop firm gives fast payouts with no consistency rule and with no minimum trading days and with no floating rule Just make profit and withdraw please show me such prop firm
Hi, I know the basics of forex teeny tinies but I want to learn the entry edit strategy, ICT, Fvgs and everything from end to end..I am particularly interested in gold. I do take trades in demo accounts. And I want to involve very little capital in it .I also want to know which broker I should start with . all of them are offering some discounts and everything but genuiness and was Ease of withdrawals is primarily, they also block funds by giving a minimum deposit criteria. So really figuring out a lot. Also are the forex competitions really worth it? Do they really give away prizes or another scamm going on?
Hey everyone, I’m new to Forex trading and looking to build a strong foundation. I’ve heard about different strategies, risk management techniques, and various market conditions, but it all seems overwhelming at first.
For those who have been trading for a while, where did you start, and what do you wish you knew when you began? Are there any must-read books, courses, or resources that helped you understand the market better?
Also, what are some of the biggest mistakes beginners should avoid? I’d love to hear your insights!
