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I always chart the instruments to gain a perspective of whether or not the market is reaching a turning point on the weekly or monthly basis.

@Neal I think correlation can show the trends based on the historical data and not the future. Doesn’t it affect the trading?

Consistent profits you must be talking about right? I guess that’s the true challenge of forex.

Don’t forget that quite often, the correlations break down and reverse for extended periods. You must be careful and vigilant while monitoring the opportunities.

How many pips do you scalp with @Mark?

Thanks and another question, can a day trader short a currency?

Still trying to get my head wrapped around this idea about shorting. How long can you actually keep a short position for?

I’m no programmer, just a plain trader. Is backtesting a possibility for me?

There is nothing like the best broker. The broker which works best for you is the one you feel as best. Things don't work the same for everyone.

I know momentum traders who swear by the technical analysis and indicators. Wonder whether it’s actually wise to blindly follow these.

Quite confused here between fxview and pepperstone. Which one’s better?

That’s my story here. Requested for a withdrawal and it literally moved at a snail’s pace. Never thought so many follow-up would be required. Took almost 2 weeks to receive the payment and that was it. Never traded with the broker again.

Same. I can’t do it with just one broker. It doesn’t make sense to me because I don’t find everything in one broker so using multiple ones is fine.

And commission? Bet that will be a lot. Has to be. There’s nothing called cheap in trading.

Trading 212! No commissions.

I don’t think so. Even though the maximum leverage ratio is 500x, crypto currencies don’t fall in this category. The leverage ratio for them is 6x. But now that we’re talking about it, I have wanted to ask for quite a while whether trading cryptos and forex is the same? I mean in terms of...

I have actually been demo trading for some months now, not sure if it’s time for me take the leap.

Help me out here a bit. I myself am new to trading with my sister as my trading partner. I won’t say she’s doing fine but she ain’t serious about it either. I on the other hand want to take up trading seriously, like a profession. So what needs to be the first step or stage to go ahead in the...

I definitely would try my hands at the charts. However, one thing that’s quite confusing is why different brokers show different charts?

I myself have been using Sierra charts for quite some time now and I do like it. But lately I want to switch. I happen to use Ninja Trader and was quite surprised to see it was extremely fast and had a great order flow suite that included footprint charts along with volume delta. Another feature...