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Forex trading has been something that interested me for years and after spending some good 2 years in it, I wanted to diversify. Now, let me tell you that I traded forex with my US broker but was restricted to trade futures and commodities. That’s when I researched and made an offshore account...

Understanding that forex is a lot of work with market analysis and risk management strategies and techniques, the fully automated trading system or EA along with saving the effort, blinds a trader of important knowledge. It is always better to learn everything manual and then resort to algo trading.

Well I definitely learned to trade in different time—frames. From 1-minute to larger time frames.

@Cortney you could even consider increasing the trigger line period to monitor the longer term trends.

Is it beneficial if I chart the important indexes of each market and for a comparatively longer time frame?

so you’re saying there’s no correlation between the economy and stock market?

Nonetheless traders must realize that the divergence can last for a longer time than they expected.

They’re quite cool actually. They analyze the market and behavior of the financial instruments by applying the diverse indicators, and generating the signal in case of a trading opportunity.

Been reading a lot about it and you seem to be right. The Canadian dollar and Japan are correlated to oil. Same way, Australia and New Zealand are correlated to both gold and oil prices.

I scalp majors like EURUSD, AUDUSD, and GBPUSD along with a minor AUDGBP. Their highest trade volume with tightest spreads helps minimize my losses.

Well I don’t think that’s possible. I mean you can’t take the chart out of the terminal. I think they go hand in hand.

Yep. You can easily take a short position with scalping on the safe EURUSD pair. The quick and constant price movements in a single session prove to be a great strategy.

True and I don’t think without a broker, opening short position is even possible. Never occurred to me how or where to borrow the asset from to sell at a higher price and make some money. Is there any other option?

You really don’t need to be a programmer for backtesting. How many traders do you think actually know coding? All you need to do is hide the future data on the chart and go through it bar by bar. Simply trade the market as though it’s live.

Which platform are you using? Asking so because I’m using MT4 with fxview and it notifies me much before the actual margin call takes place.

I trade with Pepperstone and am quite happy. Deposit and withdrawals are speedy and there’s alright equity index fees.

Strategy that’s worked out pretty well for me so far is the market opening gap. So I basically look at the opening range for a good 1st minute of trading. Once it looks good, I then enter and order to buy at the high of the market's 1st 1-minute candle. Not to forget, I simultaneously put the...

One reason I think we get so tempted to use higher leverage and in the process get closer to a margin call is, the lower interest rate on more leverage, what say

Hey Cortney, I haven’t had a great experience with brokers guiding and stuff but I’m sure there are some that do. You’ll have to look for them.

I think you should just stick to the strategy and not focus on other irrelevant things like this. You can try Price action, scalping, day trading and other profitable strategies. Good luck.