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It's just decision which is comfortable: after decent downside move you become confident that bearish trend has started and it's time to sell. This lag dictates why you are late to the party. Being profitable always implies you have to be slightly contrarian, i.e. be ahead of the crowd

Relying solely on forex trading for income can be risky due to the market's volatility and uncertainty. Diversifying your investments across different asset classes, such as stocks, bonds, and commodities, can help spread risk and provide more stable returns. Having multiple streams of income...

Is it technical analysis? Then it all comes to intuition you have to watch how patterns play out a lot to devise a strategy then

The best indicators in technical analysis often include moving averages, RSI, and MACD, as they provide valuable insights into market trends, momentum, and potential reversal points. However, the effectiveness of indicators can vary based on market conditions and individual trading preferences...

Many traders fail in the Forex market due to a lack of proper education, insufficient risk management, and emotional decision-making. Overleveraging and unrealistic expectations often lead to significant losses. Additionally, failure to adapt to changing market conditions and not having a...

Relying solely on Forex trading for income can be risky due to the market's inherent volatility and unpredictability. Diversifying your investments across different asset classes can help mitigate risks and provide more stable financial returns. It's important to have multiple streams of income...

The dark side is that profitable trading is routine. No place for emotions, basically you work with data, gather, backtest, change something, check live performance, etc. Not quite different from other job like accountant. The only difference is that it requires incomparably higher level of...

Probably to new ATHs. Though I do not see signs of mania as it was during stay at home time in 2020, so price will be probably inflated via reducing supply somehow instead of demand

We need to see new ATH in USDJPY to short when their official is about to speak. For now I see no easy way to earn on that idea

FCA brokers are mostly transparent since they are forced to reveal important aspects of their interaction with a client including order execution, withdrawals, controversial situations. Everything is set forth in the ToS. Not sure that offshore brokers without proper regulation adhere to what...

Predicting the market before news events, especially in highly volatile assets like gold, involves a combination of technical and fundamental analysis. I often monitor key technical levels, such as support and resistance zones, trend lines, and moving averages, to identify potential entry and...

You've summed up the dark side of forex trading quite comprehensively. High volatility can indeed amplify losses, and scams targeting inexperienced traders are unfortunately prevalent. Moreover, the psychological toll of trading, including stress, addiction, and burnout, is a real concern...

Technical analysis requires intuition and it comes with experience. Knowing price patterns is not enough you should watch many times which price action it entailed. Same as in coding or language study. After you write 10000 lines of code or see how words appear in different sentence you start to...

I guess halving have been priced in before the actual implementation. Same applies to ETFs launches. Market is clearly hungry for new catalysts let's see maybe the Fed will eventually surprise with a dovish turn

Harmonic patterns are geometric price formations that use Fibonacci retracement and extension levels to identify potential reversal points in financial markets. These patterns, such as the Gartley, Bat, Butterfly, and Crab, are characterized by specific ratios between price waves. In my view the...

Does it mean no currency intervention? Was it the only thing that kept Yen from faster devaluation?

You need to study their commission structure, how it depends from the volume of clients that you referred. Also you may need to request access to conversion rates if you generate some leads for them, and retention rates too to access how many traders that you referred continued to trade with...

Execution quality can vary significantly, influenced by various factors such as timing, market liquidity, volatility, and whether you're A-booked or B-booked. Discovering the true quality often requires experimentation, collecting execution data, and subsequently calculating average values to...

If you look for FX brokers it's best to try FCA or ASIC like IB, HFM or Global Prime others are much less reliable.

Buy Gold on Fridays and maybe on Monday till the geopolitical shocks subside. There is clearly a shift in distribution of shocks on weekends which skews returns distribution on Friday due to market expectations of those surprises.