Foreign exchange trading was once something that people only did when they needed foreign currency to use when traveling in other countries. This involved exchanging some of their home country's currency for another at a bank or foreign exchange broker, and they would receive their foreign currency
Morning everyone !
European stock markets largely weakened Friday, weighed by European Central Bank chief economist Philip Lane cautioning over the region’s recovery.
Sharing this book which gives you simple quick tips to get you to think about your personal trading style :)
The most important information to have in my opinion is risk management. Below are some things to consider around risk:How much risk per trade?How much risk per day?How much risk per sector?How much risk in correlated Forex pairs?How much overall risk exposure?When do you make your trades risk free?
USDJPY:106.00 Nikkei/Yen Futures:23,155 Dow Futures:28,209 WTI Oil:43.31 Volatility Index:23.40 GOLD Futures:1,949.60 USGG10YR:0.675
USD/JPY: You can buy at the lower end of the 106.10-105.60 range, effectively breaking 25 stops, with the target at the upper end of the range.
EUR/USD: Sell at the top of the $1.1880- $1.1810 range, effectively breaking 30 stops, with the target at the lower end of the range.
GBP/USD: Sell at the top of the range of 1.3270- 1.3170, effectively breaking 40 stops, with the target at the lower end of the range.
closed buy 0.71 lots EUR/USD 1.17737
Firstly，I am really sorry for my followers loss with me.I am not afraid of loss, because it happens with trading. While i am very guilty for who trust me but loss money by copying my trading.For my fault short position for the XAU/USD, my acc loss $ 629 for this order.And my suggestion to copytrad