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Tips For Successful Forex Trading
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http:www.TradeAdvisorPro.comforex – Free Forex Webinar Training http:www.TradeAdvisorPro.comfree – Free forex trade signals This video, Forex Trading f…
What program are you using?
Welcome 🙂
You don’t need that to trade Forex
Welcome :-)
When you find that the market is range bound you buy at the bottom with a stop beyond the bottom (give the market room to breath) and sell at the top. We just did this on EUR/GBP and have been doing quite well on that pair which is ranging (see daily charts for the last 2 weeks).
Also, there are no "shares" this is FX, not stocks. When you buy at the bottom of the range you close out your position in profit before the top of the range. Then take a sell position at the top of the range.
Great question…There is no time limit. At times we close out the trades early if we feel the market is not going to run in our direction long so sometimes 1 day. Other times we are in the market for a week on a trade. Each trade is different.
@tradeadvisorpro – Stupid question how long if there is a time limit should the average trade last?
Just so I’m clear – When selling your shares say, at the lower end of a range, do you immediately buy more shares (at the lower end) and resell after the range goes nearer the ceiling? Would it not be better to just keep the original shares you had?
Thanks for the video!
Great educational video on Forex trading. Thanks.
Hello, just one question: is this useful if I am studying Public Accounting and Finances?.
thanx…4 knowledge
That would depend on the interest rate differential between the pairs. Some pairs you are paid money for holding the position. Others you have to pay to hold long-term.
I seriously doubt that
Each broker has a different spread.
It takes a lot of practice. There are a LOT of people who make a very good living trading Forex
great video. thanks!
Nice video..no doubt. I may have missed it, but have you mentioned about the "spread: in currency pairs?
Ive never heard of forex until today so im totally new to trading. That said you’ll excuse my newbie question. On a basic level if you buy when price is low and sell high, who are you buying from and why would they sell them low and buy them back when high. I just dont get it?
And disadvantages of holding currencies in long term? any interest rate?
really helpful, thank you
1000 pips a month? Are you serious…..I can easily pocket 500 pips a day….
You can hold the trades as long as you want.
I don’t think I want to fall threw my floor and end up in the basement…
Realy good vid , Good info for beginners
When you buy these pairs of currencies, can u hold on to it for any extended amount of time or does it have an expiration date? And if I think the US dollar will rise against the Euro, do i go long on a US/Euro pair?