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Been my all time favourite for long, just recently started looking at other alternatives.

I would second that, I have been exploiting hourly charts with CHF now more than others, also eyeing Asian markets after disregarding EUR and USD temporarily. What are your hot favourites?

They’ll bite you and leave you with no money. Always try a demo first.

Go slow on leverage, focus on risk management, keep some margin on your account and trade smaller sizes.

Make use of leading indicators along with the lagging ones. The ones I commonly use are RSI and stochastic oscillator. Also experimenting with OBV on the side. For lagging indicators I find MACD and moving averages to be reliable. You need to use both for better results as one will give you a...

Are we sailing the same boat then :) perhaps it’s time to take our eyes to the Asian markets now.

Is it indice you are speaking of? I am more of an indicators user really, I like to leave fundamental analysis more to the domain of stock traders :)

I generally keep my trades open a couple of hours only but once in a while in the past have tried to make some profits off the gap b/w opening/closing of London exchange. I have sometimes seen high volume with a breakaway gap and tried going long for a gap up but never achieved what I wanted. I...

Margin call!! I would do anything to avoid that!

If Python didn’t work for you, there are like plenty of other options out there. Just google ‘best backtesting software’ and you’ll find some quality results that you can use to your benefit.

I have been sticking to the pin bar strategy where I always exit beyond the high/low pin bar tail. I only keep it higher when the trading range is right under resistance. Being outside resistance then has proved better (at least in my case) than right above pin bar high. In this regard I am...

I have always found safety in CHF, EUR, USD, and rarely trade against the trend. But that is perhaps because I trade smaller timeframes, where tensions are an all-high. As a beginner I was clearly impatient to wait around more to learn the nuances of D1, hourly and minute charts seemed quicker...

I did give futures a thought before delving into forex, but found the higher spreads a bit unsettling. Liquidity is so less in futures market compared to currencies, that also translates to lesser leverage isn't it?

Try GBP/USD or USD/CHF. These are good to trade during the day. I always stick to intraday trading and I think you’ll be fine with these pairs. Just develop a solid trading plan. Good luck, mate.

That’s why I found some semblance of sanity in daytrading. Finish off before the day ends. It suits me also better as I work at night. I look at past price movements of the pair and use fibonacci retracement for entry/exit. Gopher’s been good for me and with a 3.3% margin rate on cmc I have made...

Demo accounts are an absolute necessity.

Been a fan of GBPUSD for long, but now both economies are becoming so unpredictable that I am looking at other currency options. Wondering what other traders are trading these days?

Yes, it does matter. Some pairs are good for day trading and some are not so profitable. Like USD/JPY is best traded at night.

You could say so. When I started trading I just couldn’t pull myself off the screen at all. Big time FOMO happening then.

Things that I look at: Regulations Trading platforms Withdrawal process Spreads & commissions